The Business Times, 17 September 1999

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Microfilm: NL21648
Total Pages: 54
1 54 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 THE BUSINESS TIMES mita (pjjiutrHTW] 85c SINGAPORE Internet: http://business-times.asial.com.sg/ FRIDAY, SEPTEMBER 17, 1999
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  • Article
    Lock icon MARKET SUMMARY
    56 1 □«R 2,081.84 (40.74) n™ mm 71L36 (-8.95) □SZHSCI FUTTJBES 283J0 (4.10) Q MARKET MOOD: STOCK MAKKET INDICES Thursday Change KLSEOOMP mil -€.49 NIKKEI 17,291.59 -4«.« HANOSENG ___£fcned SEMNDEX .*****9 -&7f JAKARTA 00*P HIS MANILA COUP 2,***** -M7 TAIPS WPI 7JC&S0 -2.14 SEOULCOMP Jltll MM CLSA CHINA B AKTALLORD—2,904.8
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  • Article
    Lock icon FINANCE
    76 1 FOBEX SATES US$ St IBS 1.(93 £(US$/S$per£) 1.618 2.740 EURO(USS/S$ per E) 1.046 1.769 DM 1-87* QJ04 YES 106.0 1J12* im 0.44® HM 7.714 U18 BAHT »JQ 0.042 RUPIAH 8,156 0.021 'St mm mm FUME 1ATES SINGAPORE* 5.80 KUALA LPWUR 73& JAKARTA BANGKOK 10.M MANILA 11.90 HONGKONG 856 TAIPEI
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  • Article
    Lock icon Jakarta, IMF not talking, so aid may be stopped
    827 1  -  Economy could come to standstill by November if foreign aid dries up Front I Shoeb Kagda in Jakarta INDONESIA and the International Monetary Fund have practically stopped talking to each other. Sources told BT that an IMF team which had been
    827 words
  • Article
    Lock icon Miyazawa 'trick' fails to stem the yen's rise
    576 1  -  Stock prices suffer biggest single-day loss this year From, Anthony Rowley in Tokyo JAPAN let the market know that intervention is always on its mind by staging an unusual meeting between Finance Minister Kiichi Miyazawa and Bank of Japan governor Masaru Hayami
    576 words
  • Article, Illustration
    Lock icon Ex-Bank Negara official charged for not declaring shares worth RM24m
    801 1  -  Murad, an Anwar associate, pleads not guilty From, Eddie Toh in Kuala Lumpur IN what appears to be a continuing purge of ousted deputy prime minister Anwar Ibrahim's associates, the Malaysian authorities yesterday charged Abdul Murad Khalid, former assistant governor
    REUTERS  -  801 words
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      96 1 DHgPB ■f |feUB Arthur D Little's new CEO, Lorenzo Lamadrid, wants to spin the management consultancy's cutting edge technology research into business partnerships in Asia and the world, P|lo s \V>' manaom > BiiaiKiijpsv more optimistic t about Agfa Full report, EXECUTIVE MONEY, EM 12 V Hammered Property stocks lost
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      64 1 Central bank may sue auditor for Bank Bali report, Pg 6 tH We will deliver on this mission, so let there be no doubt ~7 Admiral Chris Barrie. Australia s defence force chief, referring to the UN mandate to use all v necessary measures to stop an orgy of <•.
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      284 1 l*Up to 9Q% financing No restriction on resale and subletting No land rent payable No restriction on foreign ownership gaga EUN QfS from 1,840 sq ft) I: I AT EUNOS LINK IN MACPHERSON PAYA LEBAR AREA I SINGLE-STOREY STRATA TERRACE I For Ancillary Office Light Industrial Warehouse Purposes I I
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      5 1 Casualties of politics? Pg 7
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon City Towers is all set for an en bloc sale
      388 2  -  If deal succeeds, it'll yield one of the largest Bukit Timah sites in recent times lilj I Carol Eng CITY Towers along Bukit Timah Road is preparing for an en bloc sale that will yield one of the largest Bukit
      ARTHUR LEE  -  388 words
    • Article, Illustration
      Lock icon Straco, SembCorp to export Sentosa concept to China
      641 2  -  Over SlOOm to be invested in setting np the attractions Reports by 1 Teh Hooi Ling STRACO Investments and SembCorp Industries, which are planning to seek a listing for their leisure projects in China next year, intend to export the "Sentosa development
      641 words
    • Article
      Lock icon Building on Lishan's history
      272 2 THE Lishan Mountain area, some 30 km east of Xian, is famous for both its long history and its all year round hot springs. Historical documents and relics unearthed suggest that the Lishan area was inhabited about 6,000 years ago. Its scenic surroundings made it an
      272 words
    • Article
      Lock icon DuPont to quit some Asian ventures but will stay in S'pore
      349 2  -  Eugene Low US chemicals giant DuPont's nylon unit will be exiting some Asian ventures and cancelling or delaying some US$6OO million (SSI billion) worth of projects in the region, but operations in Singapore will not be affected. "We're writing
      349 words
    • NEWS Roundup
      • Article
        Lock icon 14 more St Martin units to be launched
        82 2 Habitat Properties is launching another 14 units of the 82-unit St Martin Residence in the Nassim area on Saturday. The freehold condominium project, which consists of three low-rise blocks, offers two-bedroom and three-bedroom units with floor areas of between 1,163 sq ft
        82 words
      • Article
        Lock icon 8 of 28 properties sold in JLL auction
        65 2 Jones Lang La Salle's auction yesterday saw eight out of 28 properties sold. Among the five freehold properties sold was a two-storey intermediate terrace at Onan Road in district IS. The 1,189 sq ft property within the conservation area went under the
        65 words
      • Article
        Lock icon Hachette Filipacchi new Elle publisher
        46 2 Australian Consolidated Press, the publisher of ELLE in Singapore and Malaysia since 1993, will no longer publish the monthly women's magazine. Starting with the February issue of the new millennium, Hachette Filipacchi Medias will publish ELLE in both Singapore and Malaysia.
        46 words
      • Article
        Lock icon Retail par of HDB bonds all taken up
        95 2 The Housing Development Board said yesterday that the retail portion of its fixed rate notes worth $10 million were fully subscribed. It said the retail portion, the third series of HDB's $3 billion medium-term notes programme, forms part of the $300 million
        95 words
    • Article
      Lock icon Non-oil exports: 10.6% rise seen
      320 2  -  eye on the economy Exports By, Audrey Tan NO surprises are expected from the August trade numbers due out on Monday, as Singapore's exports are likely to have continued in a strong growth trend, economists say. A BT poll of seven forecasters found that predictions
      320 words
    • Article
      Lock icon Taxman's revenue down 12% at $6.7b at half-time
      497 2  -  IRAS cites lower property tax, stamp duty collected By Soh Tiang Keng TOTAL revenue collected by the taxman fell by 12 per cent to $6.72 billion for the first half of this year despite a gradual recovery of the Singapore economy. This
      497 words
    • Article
      Lock icon Sicom looking into relaunch of rubber futures index contract
      407 3  -  Possibility of revival before year-end, bnt some traders are sceptical abont move By Siow Li Sen THE Singapore Commodity Exchange (Sicom) is looking into reviving a rubber futures index contract amid the falling volumes of an already depressed year but there
      407 words
    • Article, Illustration
      Lock icon Sony regroups S'pore units, sees US$2.7b sales this year
      447 3  -  By, Jennifer Lien SONY Corp, which is grouping six of its Singapore operations under one umbrella company, expects to chalk up sales of US$2.7 billion (554.6 billion) from its Singapore operations for the year ending March 2000. Announcing the reorganisation at
      447 words
    • Article
      Lock icon SM on Social Darwinism and staying ahead
      446 3 Senior Minister Lee Kuan Yew recently gave a wide-ranging interview to Dutch newspaper NRC Handelsblad. Below are extracts of the interview: On »mart Singaporeans with different Idear "We have co-opted them, their ideas and, in the process, they have also modified their ideas
      446 words
    • Article
      Lock icon Covered warrants: there's need for deeper knowledge
      271 3  -  MAILBOX Denis Distant Singapore via Internet I REFER to the Hock Lock Siew article "Covered warrants: be more consistent and transparent" by R Sivanithy in BT yesterday. Assuming his statements are correct, I feel concerned about the standard of expertise of the foreign
      271 words
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      38 2 Providing A 1 cool comfort 1 ssuotooo for commercial Hitachi Planl J j A a 10 Anson Road #12-14 ana industrial International Plaza Spore *****3 Td: 222 0665 Fax: 224 8358 hllilHinOC Email: hpcsgr«cytoerwiy.com.sg Website at http://www.hitachiplant hbi.ne.jp
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      40 2 Classified First. *vm i S i. in <———c—^^SSS^————> Wan* fo gef a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. CATS. 1 5 Buy H. Sell k. Find It. 8
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  • EAST TIMOR CRISIS
    • Article, Illustration
      Lock icon UN peacekeepers to get tough in E Timor
      1513 4 The UN force will do everything necessary to stop orgy of killing by militia: Aussie defence force chief Reuters, AFP [DARWIN] AUSTRALIA'S defence force chief warned yesterday that the UN mission to restore order in East Timor would be "tough" and the
      Reuters,; AFP  -  1,513 words
    • Article, Illustration
      Lock icon Indonesia cancels key security pact with Australia
      342 4 Fears for safety of UN-backed peacekeepers rise AFP. Reuters [JAKARTA] Indonesia yesterday tore up a key security accord with Australia, plunging relations to a new low and heightening fears for the safety of peacekeepers due to start landing in East Timor this weekend.
      AFP.; Reuters; REUTERS  -  342 words
    • Article
      Lock icon Aussie firms pull out executives, families
      435 4 Bloomberg [MELBOURNE] Broken Hill Proprietary Co (BHP) and Rio Tinto Pic evacuated executives and their families from their Indonesian mining businesses to protect them from protests over Australia's role in East Timor. Members of Pancasila Youth, a government paramilitary organisation with links to organised
      Bloomberg  -  435 words
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  • ASIA OH THE MEND
    • Article
      Lock icon Massive capital outflows mean bumpy ride to recovery for Thailand
      922 5  -  Public sector debt another worry-it's expected to rise to USs4lb by 2003 From. Harish Mehta in Bangkok IN spite of all the hoopla about Thailand being a star pupil of the International Monetary Fund, the country's recovery picture is riddled
      922 words
    • Article
      Lock icon Thai banks will need another 2 years to sort out NPLs: Chase
      373 5 Reuters [BANGKOK] Thai banks would take at least two more years to sort out massive nonperforming loan (NPL) problems, a top Chase Manhattan Bank official said yesterday. Robert Fallon, Chase Manhattan's managing director for Asia and Pacific, told
      Reuters  -  373 words
    • Article, Illustration
      Lock icon M'sia impresses World Bank
      348 5 No adverse effects from capital and currency controls Bernama [WASHINGTON] The World Bank has described Malaysia's quick recovery from recession as impressive and credited the government for its good administrative capacity in pulling the country out of the financial crisis which hit not only Malaysia but
      Bernama; FILE PHOTO  -  348 words
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      37 5 Editorial: Roadblocks to recovery in Bangkok, Pg 13 No ONI- saw i i (:o.vilN(>. QUI 'I'T.'POSSIBLY, NO ONI: 111. ARD 11 (iO.M I \'(II I 111 R. /im isx K .xor M.trt|iu- from tin li M\\ .r..»!j>
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Central bank may sue auditor over Bank Bali report
      676 6 Some conclusions speculative and could damage BFs reputation, governor says AFX-Asia [JAKARTA] Bank Indonesia governor Syahril Sabirin said the central bank is considering filing a lawsuit against PriceWaterhouseCoopers over its report on the Bank Bali scandal, arguing that some of its
      AFX-Asia  -  676 words
    • Article, Illustration
      Lock icon Habibie avoids addressing Bank Bali charges
      432 6 Bloomberg [JAKARTA] Indonesia's President B J Habibie avoided addressing charges he himself may be implicated in the Bank Bali scandal, even as pressure over the corruption case threatened to rock country's government. Instead, in his first comments after a high-level government officially linked him
      Bloomberg  -  432 words
    • Article
      Lock icon Indosat chief quits in wake of scandal
      219 6 JAKARTA He takes 'moral responsibility' for dividend fraud Bloomberg TJAHJONO Soerjodibroto, the president of Indonesia's dominant international phone company PT Indosat, has resigned to take "moral responsibility" for a corruption scandal in a rare move for a company executive in the country. His
      Bloomberg  -  219 words
    • Article
      Lock icon Indon presidential polls may be brought forward: Golkar chief
      342 7 JAKARTA Election could be in Oct instead of Nov, says report quoting Akbar Tan^jung Reuters THE head of Indonesia's ruling Golkar party has said November's presidential election could be brought forward amid political uncertainty, the Kompas daily reported yesterday. "If the
      Reuters  -  342 words
    • Article, Illustration
      Lock icon Ginandjar may resign, says Muladi
      154 7 Tourism minister Marzuki Usman quit yesterday, he adds Bridge News [JAKARTA] Indonesia's Coordinating minister for Economics, Finance and Trade, Ginandjar Kartasasmita may resign according to state secretary and minister for justice Muladi. He said: "I heard that is a possibility," when questioned by press about
      Bridge News  -  154 words
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      202 6 The Greatest Golf Rivalry of the Millenrifl^| The 1999 Ryder Cup 'Live' and exclusive on SCV Ch 38. Subscribe now at only $12.36*^ v v I 1 I IL,^^ |e m *m >. -;*kJP' <^^jfe, iKf ijfl Pt VH fl gP r m J W jjMp^g;; <jsy V VH fi%<
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      15 7 The Straits Times Classified Where II I sclle rs Buy It. Sell It. Find It.
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      268 7 Ballroom, Hilton Singapore Sunday, Sep. 19, 1999 Viewing time 10.30am-12 noon Auction time From 12.15pm Eastern Carpets brings you its newest collection of village, tribal and city rugs all the way from Central Asia. Every item handpicked by Edmund and Shukor, and yours lor a veiy special price. What's more,
      268 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Guangdong gives private businesses a major boost
      357 8 BEIJING Private firms can now take stakes in more industries Reuters IN a strong sign of Beijing's desire to liberalise the economy further, a provincial government has allowed private firms a considerably larger role in the economy, state media said yesterday. The Financial
      Reuters  -  357 words
    • Article
      Lock icon Bank of Taiwan to absorb Tungkang Credit
      215 8 TAIPEI Bloomberg BANK of Taiwan will take over the Tungkang Credit Cooperative at the request of the Ministry of Finance, absorbing a lender that suffered a run in July after executives allegedly embezzled about NT$2.3 billion (SSI22 million). As of yest&day, all six
      Bloomberg  -  215 words
    • Article
      Lock icon Second board for China stocks soon
      435 8 SHANGHAI Move to speed listing of high-tech firms; but still shy of stock market Bridge News Reuters, CHINA'S top securities regulator has said a second board for the stock market would be set up as soon as possible to speed listings of high-technol-ogy firms,
      Bridge News; Reuters,  -  435 words
    • Article, Illustration
      Lock icon HK hit by worst typhoon in 16 years
      277 8 HONGKONG Bloomberg THE worst typhoon in 16 years slammed into Hongkong yesterday, shutting the city's stock exchange, businesses, schools, banks and all public services. The government reported one person dead and 309 people injured, including at least one police officer, as Typhoon
      Bloomberg; AFP  -  277 words
    • Article
      Lock icon UN seat: Taipei plays down US opposition
      446 8 TAIPEI Analysts see move as rebuff of call for parity with China Reuters TAIWAN yesterday played down Washington's first open opposition to its quest for a United Nations seat, but analysts saw the US move as a strong rebuff of Taipei's call for
      Reuters  -  446 words
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      89 8 BALDOR I MOTORS AND DRIVES 1 Li We are pleased to announce that Baldor Electric (Far East) Pte Ltd has been restructured and is now a wholly owned m subsidiary of the Baldor Electric l' Company, USA. J The Management team led by its J Managing Director Tan Peng Yong,
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      161 8 I HL I p! jr The Newly Arrived Lecanza 2.2 Litre New direct Ignition system, formidable performance using the Superior crash worthiness achieving 4 stars In the world-cJass North latest-generation 16 valve DOHC D-TEC engine. American NCAP Safety Tests (undergone 324 separate safety test). Outstanding British-tuned suspension system, Independent Compiles
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  • ASIA
    • Article
      Lock icon Daewoo's foreign lenders get more say
      387 9 SEOUL It offers share of collateral, influence over asset sales for reprieve on debts Bloomberg DAEWOO Group, the ailing South Korean conglomerate, offered foreign creditors a share of domestic collateral and a say in asset sales in return for a reprieve on US$6 billion
      Bloomberg  -  387 words
    • Article
      Lock icon Hyundai sells US$500m in stock at 16% discount
      314 9 SEOUL Sale to foreign investors shows dire need for capital Bloomberg HYUNDAI Motor Co, the flagship of South Korea's Hyundai Group, said it sold US$5OO million (SsBso million) of stock to foreign investors for 15.85 per cent less than its share price
      Bloomberg  -  314 words
    • Article
      Lock icon NZ economic recovery set to continue: IMF
      200 9 WASHINGTON AFX-Asia THE near-term outlook for the New Zealand economy is for recovery to continue, inflation to remain subdued and for the current account deficit to widen slightly in 1999 before coming down in 2000, the International Monetary Fund said. A report on
      AFX-Asia  -  200 words
    • Article, Illustration
      Lock icon No more Aussie tax cuts till 2002/3, says Costello
      364 9 MELBOURNE Reuters AUSTRALIAN Treasurer Peter Costeilo yesterday ruled out any tax cuts beyond those planned already on business and income taxes until at least 2002/03. Asked whether Australia's commitment to East Timor would limit the chances for a new round of
      Reuters; FILE PHOTO  -  364 words
    • Article
      Lock icon Pakistan set for new forex system
      119 9 KARACHI Reuters PAKISTAN'S central bank governor said yesterday the bank was geared up to monitor a fledgling free-market foreign exchange system and could maintain stability with a modern dealing room. "We have now the comfort that we can manage this market, at least in
      Reuters  -  119 words
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      79 9 v N CK (;i;\i;\ i: I nu king a new a>iu|iicst of time I lir Conqitistndor Coll^ i /J "<%> I I' /-I I s£ I i v fS. f/t y .v v s;\i i i\i \u if I iMi! i s|\( \TOKI C I C* P D C \t\l\W\
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  • FOCUS
    • Article, Illustration
      Lock icon Big plans for Arthur D Little
      1217 10  -  New CEO wants to spin management consultancy's cutting edge technology research into business partnerships in Asia and the world By. Kenneth James [SINGAPORE) MANAGEMENT consulting firm Arthur D Little (ADL) is looking for partners to do business with. Not in consulting per se, as
      CHRIS LOH  -  1,217 words
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      237 10 EXECUTIVE APPOINTMENTS To a<l\ertise call toll-free IXOO-741 18X3 •I a\ No: 741 I2*>K Lost iiour A Rrt? Try finding it at Classification 821 (Found) of The Straits Times Classified. CATJS. Boy it. Sdi It. Find it. Your weekly guide to pubs and lounges every Friday In The New Paper Fastads
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      724 10 MHE HOLDINGS LIMITED Notice of Expiration of Warrants Due 1999 IMPORTANT NOTICE THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ATTENTION. WARRANT HOLDERS WHO ARE IN DOUBT AS TO THE ACTION THEY SHOULD TAKE SHOULD CONSULT THEIR STOCKBROKERS, BANK MANAGER, ACCOUNTANTS, SOLICITORS OR OTHER PROFESSIONAL ADVISERS IMMEDIATELY. WARRANT HOLDERS
      724 words
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  • THE WORLD
    • WORLD Watch
      • Article
        Lock icon US August industrial output up 0.3%
        59 11 Reuters [WASHINGTON] A surge in production of cars and trucks pushed up US industrial output at a faster-than-expected pace in August, the Federal Reserve said yesterday. Total industrial production by the nation's factories, mines and utilities increased 0.3 per cent in August after a
        Reuters  -  59 words
      • Article
        Lock icon Interest rates to stay low into 2000: ECB
        63 11 AFX Asia [LONDON] European Central Bank president Wim Duisenberg said interest rates are likely to remain low into next year as inflation stays firmly under control, the Irish Times reported. Speaking to reporters in Frankfurt late Wednesday night, he said inflation will
        AFX Asia  -  63 words
      • Article
        Lock icon German economy recovering: Schroeder
        81 11 Reuters [BERLIN] Chancellor Gerhard Schroeder said yesterday the German economy was picking up, with business confidence rising and exports having emerged from a trough. 'The economy is on a recovery course," Mr Schroeder told Parliament in a debate on his government's 30 billion mark (5527.11 billion)
        Reuters  -  81 words
      • Article
        Lock icon Germany to sue US over two executions
        141 11 Reuters [BERLIN] Germany said yesterday it would sue the United States in the World Court in The Hague for violating international laws and treaties when it executed two German-born murderers earlier this year. Justice Minister Herta Daeubler-Gmelin, who had called the execution of
        Reuters  -  141 words
      • Article
        Lock icon Brazil's deficit widens in August
        125 11 Bloomberg [BRASILIA] Brazil's current account deficit widened in August, reversing July's reduction, as a nascent economic recovery fueled demand for imports. The deficit in the current account —the broadest measure of a country's flow of goods and services rose to US$l.92 billion (553.25 billion) from
        Bloomberg  -  125 words
    • Article, Illustration
      Lock icon UK on track for 3.25% growth in 2001
      372 11  -  Chancellor of Exchequer sees low inflation, high investment and high, stable growth From Neil Behrmann in London THE British economy is on course to rise from 1.5 per cent in 1999 to 2.75 per cent in 2000 and 3.25 per cent the
      372 words
    • Article
      Lock icon German budget cuts bitter but needed: Schroeder
      574 11 BERLIN Debate in lower house runs into political bickering AFP CHANCELLOR Gerhard Schroeder, fighting back after a series of state election losses, defended his unpopular austerity plan in parliament yesterday as a "bitter necessity" to prepare Germany for the next century. Mr Schroeder
      AFP  -  574 words
    • Article
      Lock icon US warns Russia: fight corruption or lose aid
      193 11 WASHINGTON Reuters US Secretary of State Madeleine Albright said yesterday that the US would not support further multilateral assistance to Russia unless it cracked down on corruption. "President (Boris) Yeltsin's government needs at last to make fighting corruption a priority We have
      Reuters  -  193 words
    • Article, Illustration
      Lock icon Third Russian bomb kills 17, puts heat on PM Putin
      482 11 MOSCOW Reuters A BOMB exploded outside an apartment block near a dam and unfinished nuclear plant in Russia yesterday, killing 17 people in the third attack in a week and putting more pressure on Prime Minister Vladimir Putin. "A man
      Reuters; REUTERS  -  482 words
    • Article, Illustration
      Lock icon A picture worth a million pounds
      66 12 {LONDON] Sotheby'sporter Dominic Cacioppo hanging a Van Gogh pen and ink drawing in their London auction house yesterday. The work, 'L 'Olivette (Les Baux), a drawing of an olive grove executed during the artist's period at St Remy in Southern France, is expected to
      REUTERS  -  66 words
    • Article
      Lock icon Slow progress on new financial stability rules
      420 12 PARIS Global panel dogged by numerous disagreements on implementing concrete measures INTERNATIONAL finance officials are making slow progress on new rules aimed at improving global financial stability, the head of the Financial Stability Forum said here on Wednesday. Senior finance ministry and central
      420 words
    • Article
      Lock icon Direct regulation of hedge funds out for now: G-7 forum
      330 12 PARIS Gronp rules out making proposals in the near term Bridge News THE Financial Stability Forum, a body of the Group of Seven industrialised nations charged with creating rules to strengthen the global financial architecture, has said it would not
      Bridge News  -  330 words
    • Article
      Lock icon Bill Gates to give US$1b for minority scholarships
      243 12 SEATTLE Reuters MICROSOFT Corp chairman Bill Gates was to announce plans yesterday to donate at least US$l billion (SSI.7 billion) to fluid full college scholarships for minority students, by far his biggest charitable donation to date. The Gates Millennium Scholarships will cover
      Reuters  -  243 words
    • Article
      Lock icon IMF may revalue 10m ozs of gold for debt-relief plan
      254 12 Washington Bloomberg THE International Monetary Fund (IMF) may try to revalue more than 10 million ounces of its gold to help finance a debt-relief plan for the world's poorest countries, a senior IMF official told reporters. The IMF is considering
      Bloomberg  -  254 words
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      94 11 fYTfcM THE WORLD'S LEADING OFFSHORE COMPANY AND TAX PLANNING SPECIALISTS Since 1975 our worldwide staff of over 275 multi-disciplined professionals including lawyers, chartered accountants, chartered i secretaries and bankers have provided confidential and cost effective company formation in all the major low tax areas Incorporation Fees from USSSOO J BAHAMAS
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      263 11 INTERCONTINENTAL To make your stay even more enjoyable and now twice as rewarding, we'll give you double miles when you book Club Inter-Continental anywhere in Asia Pacific/ Club Inter-Continental. Individual personal service. Twice the rewards. M INTER-CONTINENTAL. HOTELS AND RESORTS www.interconti.com For more information/conditions. contact Motel or Reservations Office Vat<g
      263 words
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      154 12 The Pleasantest Place In The City. WbM' t..' j\ r\ Jl SIvWHE 1 -Ja HHHHSi i* £&^ssM£ l4a|b^tSSW;''■ i Pillfe v Bombers has gone a little jazzier wines and popular Californian cuisine. with the new Billy Bombers American Complemented by a touch of swing, a dash Classic. Here you can
      154 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon America will stay young forever
      818 13  -  BOTTOM LUTE OPINION By Robert Samuelson The Washington Post Writers Group THE ultimate American quest is to elimi-' nate death. All those health stories that cite "premature" deaths from heart disease or cancer never quite say compared to what The silent assumption is that any
      The Washington Post Writers Group  -  818 words
    • Article
      Lock icon IN OTHER WORDS
      119 13 'We have been euphoric and arrogant We were too good at manufacturing. The Japanese character is fit for that type of thing. You don't want too many individual thinkers on the production line.' Tokio Okamato a former Japanese diplomat who runs his own consulting company, on the
      119 words
    • Article
      Lock icon Roadblocks to recovery in Bangkok
      639 13 EDITORIAL BY ail accounts, Thailand should be the star performer of the Asian recovery story after Korea Indeed, until June, the stock market reflected that optimism Since then, new worries have emerged Several indicators show that the Thai economy is on a recovery path. Manufacturing
      639 words
    • Article, Illustration
      Lock icon Protecting shareholders
      1443 13  -  The SES most continue playing an active role in corporate governance By\ Mak Yuen Teen The writer is associate professor and deputy head in the Department of Finance and Accounting, NUS Business School, National University of Singapore. The views expressed in this article are his own THE editorial
      FILE PHOTO  -  1,443 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      482 13 Fusy World Rank thinking THE third way has come to Washington. "What is required," says the latest World Development Report from the World Bank, "is to step beyond the debates over the roles of government." The report's pragmatic eclecticism is very much of the moment. The
      482 words
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      232 14 j^S *&f*r iB 'i% BR From: bb.com. sg Wm To: bigjohn69@jjm.com.sg E|i &wM Hp subject: /H ■gg r-. «Ff ?uii-?ille<( fatnily <(ays are easy af sewfgsa. W te,Ff Fe^f. |||||S John, still don't know where to hold your company's family day? lilelJ Sentosa is the answer. ISHEgnKF lOp^ Check out
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Fed rate fears trample property stocks
      384 15  -  These concerns have overshadowed government's land sales announcement By] David Boey [SINGAPORE] Property stocks lost ground yesterday as worries that US interest rates could rise next month rattled investors. Worst hit by the sell-off were shares of City Developments (CityDev), which sank to a
      Source: Bloomberg  -  384 words
    • Article
      Lock icon Education provider TMC launches IPO shares at 29 cts each
      320 15 GOING TO MARKET [SINGAPORE] TMC International Holdings yesterday launched its initial public offer of 16 million new shares at 29 cents each. The group, a provider of education and training in collaboration with tertiary institutions abroad, has set aside half
      320 words
    • Article, Illustration
      Lock icon Medical supplier Medtecs gets Sesdaq okay
      403 15  -  It makes bandars, surgical apparel for US market By l Carol Eng [SINGAPORE] Medtecs International, which has just got a Sesdaq listing go-ahead, makes medical consumables like surgical masks and medical bandages. The firm may be small but its prospects have already been sniffed
      ARTHUR LEE  -  403 words
    • Article
      Lock icon Disclosure's the key to SES' radical 'free market' moves
      772 15  -  HOCK LOCK SIEW Ven Sreenivasan cares whether you make as long as you can get a merchant bank to take your case and investors are willing to buy your shares. So long as you fully and completely disclose the numbers and
      772 words
    • Article
      Lock icon M1 seen driving Keppel T&T's earnings
      431 15  -  Salomon sees Mi's profits ((rowing at 110% compounded rate over 1999-2001 By i Catherine Ong [SINGAPORE] US stockbroking firm Salomon Smith Barney expects Mobile One's profits to grow at a 116 per cent compounded rate over the next three years and drive earnings at
      431 words
    • COMPANIES
      • Article, Illustration
        Lock icon OUB buys 25% stake in SingTel's e-commerce firm
        430 16  -  JUMPUIU ON THE METWAGON Bank's investment in Sesami.com is 'not less than says OUB executive vice-president By' Toh Han Shih [SINGAPORE] Overseas Union Bank has taken a 25 per cent stake in Singapore Telecom's newly-formed electronic commerce company Sesami.com, which has plans
        CHRIS LOH  -  430 words
      • Article, Illustration
        Lock icon UOB unveils four new e-commerce services
        632 16 Two launched: online investing in unit trusts and Internet stock trading [SINGAPORE] In one big bang. United Overseas Bank announced four electronic commerce services yesterday UOBAM online (investing in unit trusts online), UOBS trader (Internet stock trading), UOB e-Treasury (Internet forex trading) and b2b
        CHRIS LOH  -  632 words
      • Article
        Lock icon Spindex's earnings jump 36%, helped by strong 2nd half
        433 16  -  $4-2 m foil-year profit better than its &L2m forecast By Eugene Low [SINGAPORE] Precision engineering company Spindex Industries yesterday reported a healthy 36 per cent rise in net profits to $4.2 million for the year ended June 30. Sesdaq-listed Spindex, which
        433 words
      • Article, Illustration
        Lock icon ASA Ceramic interim net jumps 32% to $4.8m
        225 16  -  By] Marissa Chew [SINGAPORE] Tile manufacturer ASA Ceramic has posted a 31.6 per cent increase in interim net profit, and expects full-year growth in net profit to exceed 20 per cent Net profit rose from $3.8 million previously to $4.8 million for
        225 words
      • COMPANY Briefs
        • Article
          Lock icon JIT ups stakes in China,Indon units
          49 16 [SINGAPORE] JIT Holdings has boosted its equity interest in its wholly-owned subsidiary JIT Electronics Shanghai from US$5 million (518.5 million) to US$l3 million. JIT also Increased equity interest in Indonesian unit PT JIT Electronics from 2.9 billion rupiah (*****.300) to 5.2 billion rupiah.
          49 words
        • Article
          Lock icon IPC shares surge on news of US deal
          53 16 Reuters [SINGAPORE] Shares of IPC Corp surged as high as 11 per cent to 0.315 cents yesterday after it announced a marketing partnership with US-based Juno Online Services Inc. The share closed at 30 cents, up 2 cents, on heavy trade of
          Reuters  -  53 words
        • Article
          Lock icon Brierley rapped by NZ exchange
          58 16 Reuters [WELLINGTON] Brierley Investments has been censured by the New Zealand Stock Exchange's Market Surveillance Panel. Brierley bought 6.5 million of its own shares from Sept 13-14 and on each day failed to notify the exchange of its purchases by the end of business. BEL
          Reuters  -  58 words
        • Article
          Lock icon Tan Chong Int'l shares tumble
          81 16 Bloomberg [SINGAPORE] Shares of Tan Chong International, distributor of Nissan and Subaru vehicles, fell partly on concern the rising yen could raise its operating costs. The stock fell 12 HK cents, or 7 per cent, to HKSI.6B. "It could be because of the yen rising."
          Bloomberg  -  81 words
        • Article
          Lock icon Profits fall at Ssangyong Cement, TSM
          89 16 [SINGAPORE] Ssangyong Cement (Singapore) net interim profit fell 28 per cent to $5.4 million as turnover dropped 31 per cent to $48.7 million. Earnings per share fell to 7.03 cents from 9.82 cents while net tangible asset rose to $2.73 from $2.55. TSM Resources'
          89 words
      • Article
        Lock icon Dow set to top 12,000 at year-end: US brokerage
        524 17  -  And Asian investors should get in soon if they want to catch the new bnll ran By I Siow Li Sen [SINGAPORE] The US stockmarket is poised to shrug off its summer doldrums and by month-end should be making new highs,
        524 words
      • Article
        Lock icon Telkom ditches plan to resolve standoff
        376 17 Bloomberg [SINGAPORE] PT Telkom, Indonesia's biggest phone company, rejected a plan by its foreign joint-operating partners to resolve a standoff that has trapped US West, France Telecom SA and others in contracts they can't honour. The partners were awarded licences to develop and operate
        Bloomberg  -  376 words
      • Article
        Lock icon Thakral refurbishing office tower for A$80m
        225 17  -  From Surinder Singh tn Sydney OFFICE rentals in Melbourne are on the rise and Thakral Holdings, the Australian arm of Thakral Corp, has decided to cash in by shelving plans to convert a tower it owns in the Melbourne business district for residential use.
        225 words
      • Article
        Lock icon China.com falls on report China may ban foreign Web investment
        181 17 Bloomberg [HONGKONG] Shares in China.com Corp, one of the first Asian Internet companies to list on Nasdaq, fell 17 per cent on Wednesday after a report that China is. considering banning foreign investment in Web firms. China.com fell 10 5/8
        Bloomberg  -  181 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Brit Telecom, AT&T forge global mobile alliance
        449 18 They'll take common position on latest technologies, merge Internet and mobile services use Reuters [LONDON] AT&T Corp and British Telecommunications pic (BT) said yesterday that they had formed a strategic pact to provide seamless global mobile communications services. Shares in BT shot up
        Reuters  -  449 words
      • Article
        Lock icon BAe, Italian firm close to forming joint defence company
        440 18 Latest of consolidation in defence industry FT [ROME] British Aerospace and Finmeccanica of Italy are on the verge of agreeing on a new 50-50 joint venture in the field of defence electronics and naval systems, in the latest stage of consolidation
        FT  -  440 words
      • Article
        Lock icon France Telecom H1 profit up 16% boosted by its mobile business
        345 18 Profit at mobile unit surges to 374 m euros from 70m Bloomberg [PARIS] France Telecom SA, Europe's second-largest phone company, said firsthalf profit rose 16 per cent, boosted by growth in its mobile telephone business. Operating profit, excluding one-time
        Bloomberg  -  345 words
      • Article
        Lock icon Nintendo named Japan's best company
        212 18 Nikkei [TOKYO] Nintendo Co is Japan's best company, followed by NTT Mobile Communications Network Inc (NTT DoCoMo) and Seven-Eleven Japan Co, says a Nihon Keizai Shimbun survey of listed firms released on Wednesday. Firms offering high-value-added products or services amid the overall business slowdown led
        Nikkei  -  212 words
      • Article
        Lock icon Psion H1 net down 85% on low sales, phone venture
        413 18 Bloomberg [LONDON] Psion pic, Europe's largest maker of palmtop computers, said first-half profit fell 85 per cent as it sold fewer of the devices and spent more on a mobile phone venture. Net income fell to £414,000 (551.13 million), or
        Bloomberg  -  413 words
      • Article
        Lock icon E-stock networks agree to share trading data
        583 19 Cooperation could make stock trading fairer and more efficient NYT (NEW YORK] In an effort to create a single market for af-ter-hours stock trading, eight electronic stock trading systems signed a letter of intent on Wednesday to share price information and other market
        NYT  -  583 words
      • Article
        Lock icon Microsoft buys drawing software writer for US$1.3b
        342 19 Share swop deal to buy Visio aimed at boosting its business software line Bloomberg [REDMOND, Washington] Microsoft Corp will buy Visio Corp for US$l.26 billion (552.14 billion) in stock, its largest acquisition ever, to add drawing software to its business lineup. Microsoft will
        Bloomberg  -  342 words
      • Article
        Lock icon LSE to showcase tech stocks on techMARK
        201 19 Reuters, Bridge News [LONDON] The London Stock Exchange (LSE) yesterday unveiled plans for a new technology market, intended to promote its position in growth stocks against competitors such as Nasdaq and Germany's Neuer Markt. An index for the new techMARK grouping, which will
        Reuters,; Bridge News  -  201 words
      • Article
        Lock icon A Net loss of brokers for Merrill
        320 19 Bloomberg [NEW YORK] Financial consultants are leaving Merrill Lynch Co at a quicker rate this year as the biggest US brokerage prepares to add do-it-yourself online trading to its services. About 5.6 per cent of the most productive retail brokers, or the top
        Bloomberg  -  320 words
      • Article, Illustration
        Lock icon AT&T plans job cuts to slash costs by US$2b
        400 19 Bloomberg [NEW YORK] AT&T Corp, its stock down 30 per cent from a record in February, has frozen hiring and intends to eliminate jobs under a plan to cut US$2 billion (553.4 billion) in costs by 2001. The largest US long-distance
        Bloomberg; FILE PHOTO  -  400 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon HSBC unveils Asian bond index for US$ fixed-rate portfolio
        467 20  -  Liquidity-tracking index comes on heels of new indices from JP Morgan, Chase Ry Catherine Ong [SINGAPORE] The Hongkong and Shanghai Banking Corporation Ltd yesterday launched an Asian US dollar bond index to track the performance of a basket of fixedrate bonds
        467 words
      • Article
        Lock icon Mutual funds that answer to a higher calling
        466 20 managers select stocks based on religions values Bloomberg [NEW YORK] Forget the Securities and Exchange Commission. A small but growing number of tiny mutual funds say they answer to a higher authority, by investing according to religious values. They include the Timothy
        Bloomberg  -  466 words
      • Article, Illustration
        Lock icon HSBC banking on the goggle box
        42 20 [LONDON] Singer Martine McCutcheon demonstrating a new television banking service launched by HSBC in London on Wednesday. The service will enable bank customers to access their account details and pay bills using a digital television REUTERS
        REUTERS  -  42 words
      • Article
        Lock icon UBS Brinson buys Allegis Realty
        309 20 Bloomberg [CHICAGO] ÜBS Brinson, the institutional arm of the world's largest money manager ÜBS AG, is buying Allegis Realty to expand its real estate management business to US pension funds. Terms weren't disclosed. But a person familiar with the deal said ÜBS Brinson will pay
        Bloomberg  -  309 words
      • Article
        Lock icon Analysts bullish on longer term outlook for bonds
        665 20  -  Near term seen uncertain given possible rate hikes From, Neil Behrmann in London ANALYSTS are divided over the immediate outlook for the bond market but are bullish over the longer term, agreeing that it would require a sharp setback in global stock
        665 words
      • Article
        Lock icon Korean merchant bank signs US$45m FRCD
        134 20 [SINGAPORE] Korean French Banking Corporation signed a US$45 million (Ss76 million) floating rate certificate of deposit (FRCD) in Singapore yesterday, becoming the first Korean merchant bank to successfully launch an FRCD this year. The bank is a joint venture between Societe Generale SA of
        134 words
      • Article
        Lock icon Credit Lyonnais' H1 profit soars sevenfold
        193 20 Bloomberg [PARIS] Credit Lyonnais SA said first-half profit rose sevenfold, more than expected, as it set aside less money for bad loans and was freed of its obligation to make payments to the state for its US$25 billion (5542.2 billion) bailout. France's fifth-largest bank,
        Bloomberg  -  193 words
      • Article
        Lock icon Weakness prevails in futures market
        213 21  -  SIMTiX Reports MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market took a beating yesterday, hit by sharp overnight losses on Wall Street and followed by the nosedive in the Japanese market as the yen surged to a 3'/j-year high. The Straits Times
        213 words
      • Article
        Lock icon Futures down on earnings worries
        167 21  -  MSCI Taiwan futures Juliana Loo Na Na Refco Singapore THE Simex MSCI Taiwan Stock Index futures fell 3.3 points yesterday amid concerns that last month's rally pushed prices higher than was warranted by corporate earnings prospects. The Taiwan Weighted Price Index fell 2.14 points following
        167 words
      • Article
        Lock icon Oil prices resume ascent ahead of Opec meeting
        272 21 ENERGY REPORT Reuters [LONDON] Oil prices took a firm step higher yesterday, a week ahead of an Opec conference which is expected to retain standing supply limits. London Brent futures for November traded 37 cents higher at U5523.15 a barrel as dealers
        Reuters  -  272 words
      • Article
        Lock icon CURRENCY REPORT
        355 21 AFX-Asia, AFP London THE US dollar was slightly softer in afternoon trade yesterday, in tandem with a weaker tone on Wall Street following the release of a batch of firm US data, dealers said. But they said the reaction has so far been muted in a market thinned
        AFX-Asia,; AFP  -  355 words
      • Article, Illustration
        Lock icon Untitled
        1225 21 INTERBANK CROSS RATES Sep 16 AS C$ tub too Fff On hk$ lug Hi frptoh Yw Wow IW «$hth S$ >K Sfr Mtt HM Hmi US> Australia 0.963 6.178 0.619 4.063 1.211 5.063 28.380 52.388 0.710 7.775 2.478 1221 33.*****.966 1094 1963 0.*****.522 25.719 0J99 0446 Canada 1.046 5.612 0.647
        1,225 words
      • Article
        Lock icon Untitled
        1812 21 SICOM FUTURES Sep 16 RU88ER(M*rwdMin«»»it5J0»«) RSS 1 CONTRACTS c«»tsA<» Close Volume Open Month High Low Sett (tonnes) Interest 0d99 9100 ttOO Nov 99 96.00 300 Dec 99 101.00 200 Jan/Mar 00 105.75 300 Apr/ Jm 00 109.75 Jul/Sep 00 112.75 RSS 3 CONTRACT (US crtsAo) Volume Oh; Month High Low
        1,812 words
    • Article
      Lock icon WORLD STOCK MARKETS
      2313 22 tottMH Industrials V* 15 Powd 31 Croup 7.88 -0.18 Abbey National 9.95 -0.12 A B Foods 4.15 unch A B Ports 3.14 unth AstraZenece 24.23 0.09 Alliance I Leicester 7.96 -0.16 AHied Domecg 3.56 0.10 Ail tod Zurich 7.37 0.02 Anglo American Gold 43.70 unch ASOA Group
      2,313 words
    • Article
      Lock icon TOKYO
      1570 22 Reuters Q Nikkei 225 -485.63 THE Tokyo stock market's benchmark Nikkei Average saw its biggest setback of the year yesterday, tumbling more than 4 per cent at one point as investors worried the yen's surge would strangle a fledgling economic recovery. Tokyo traders returned from Wednesday's holiday to find
      Reuters  -  1,570 words
    • Article, Illustration
      Lock icon CHINA
      531 22 Reuters CI Shenzhen B Index -&38 SHENZHEN'S B shares ended a touch lower yesterday in line with the weakness prevailing in the domestic currency A share market. The B Share Index fell 0.28 points to 90.06, with turnover shrinking to HKS6.O million from HKJ29.5 million on Wednesday. The A
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  531 words
    • Article
      Lock icon TAIPEI
      355 22 Reuters QTP Index -114 TAIWAN stocks closed only slightly lower yesterday as bargain hunting helped erase virtually all of an early downturn blamed on Wall Street's overnight fall and net selling by foreign funds. The Weighted Price Index closed at 7,968.90, down 2.14 points, for the day. Turnover was
      Reuters  -  355 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Lock icon Untitled
        6834 23 INDUSTRIALS I L Consuuwr products 1999 Last V«4 Day Ca» HH» U» Clu»—y Sate "000 Mlfl> law P/I SHI 440 255 Ajinomoto 316 -2 5 318 316 20.) KWJ |L 174 46 Angk asa 105 5 26 105 99.5 '54 8 404 220 Apollo Food Hlg 334 8 26 334
        6,834 words
      • Article, Illustration
        Lock icon KL stocks dip on light foreign selling
        403 23 AFX-Asia 3 Composite Index -6.49 MALAYSIAN share prices closed on light foreign selling, with some late local support puUing the index off its lows, dealers said. Continued weakness in regional markets and the yen's rise against the US dollar undermined sentiment, keeping volumes
        AFX-Asia  -  403 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • Article
        Lock icon KepLand wrt worth a close look
        156 24  -  WARRANT WATCH -By R Sivanithy PROPERTY stocks are being shunned at the moment, mainly because of fears that interest rates would be going up in line with further hikes in US interest rates. But, as we've seen numerous times in the past, these are
        156 words
      • Article
        Lock icon CLOB INTERNATIONAL
        217 24 HOMOKOM STOCKS Or Or u m Last VI am, LadtOM** o* o*» Nat M Cap Hl» L— Stw Cimum I* COOOt >8» L— linwr Utm Cw W 365 173 5123 C0L(2000)HK 2i2J 250 XO 8 17 3 8.9 5193.4 5124 CdHldyPac20cHK_720 288 2.1 74 6 ***** 4 5125
        217 words
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        Lock icon Untitled
        2066 24 BONOS, LOANS I VARIANTS m 52-Wk Last V«4 Day Last Oust* A*g High La* Stne Company Sata ♦or- COOO) High Law Suyar Mm KX 3 Acar *OW731USS 41 22 41 40 5 ST 42 80 4.5 s 3164 Acma ******4 34 -0.5 37 36.5 34 34 36 34 59 16
        2,066 words
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        Lock icon JAKARTA
        713 24 Reuters Q Composite Index +0.15 JAKARTA stocks gained ground yesterday afternoon and closed slightly higher, reversing an early fall, as investors ventured bank into a market they regarded as oversold. The stock market has been under pressure due to a banking scandal and the unfolding tragedy in East Timor.
        Reuters  -  713 words
      • Article, Illustration
        Lock icon BANGKOK
        889 24 Reuters n SET Mel -8.70 THAI stocks closed down yesterday after a sustained slide in the baht which triggered a sell off in the last hour of trading. The SET Composite Index finished down 8.70 points, or 1.98 per cent, at 429.89 on thin turnover of 4.61 billion baht.
        Reuters  -  889 words
      • Article
        Lock icon MANILA
        338 24 Reuters n Manila -3JJ7 MANILA stocks slipped at the close yesterday on lingering concerns over the direction of US interest rates. The Composite Index dropped 3.87 points or 0.19 per cent to end at 2,070.21, but off the day's low of 2,056.74. Preliminary data showed market turnover at about
        Reuters  -  338 words
      • Article
        Lock icon SEOUL
        408 24 Reuters Q Composite laia-3U53 SOUTH Korean stocks closed sharply lower yesterday as rising local interest rates battered sentiment and semiconductor shares faced a severe profit-taking, brokers said. The Korea Composite Stock Price Index fell 3.83 per cent, or 36.53 points, to close at 916.16. "Morgan Stanley's sell recommendation sparked
        Reuters  -  408 words
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        Lock icon SYDNEY
        631 24 Reuters QAD Ordinaries -313 THE Australian share market yesterday closed at its lowest level since late May, unable to shake off gloomy sentiment about interest rates. The All Ordinaries Index fell 33.3 points or about 1.1 per cent to 2,904.8. Turnover on the market was Asl.2 billion. Declining stocks
        Reuters  -  631 words
      • Article
        Lock icon WELLINGTON
        277 24 Reuters n Wellington -12J NEW Zealand shares closed lower yesterday reflecting market uncertainty about Telecom's bid for a controlling stake in Australian telco AAPT, brokers said. The NZSE-40 Index closed 12.1 points lower at 2,083.62 on moderate volume of NZ$B7 million. Reuters s*»« «s row Advantafla HM 2.50 0.02
        Reuters  -  277 words
    • Article
      Lock icon STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      5787 25 Traaviction date Sep 10 o, or «t 52 L«1 V- Oay Hk High Low StWa Company S«W C000> High Low Buyer >»"♦' MULTI-INDUSTRY 134 182 17.5 m b 1000 Acme 50c 122 -1 65 >23 «J «J **33 in IS 2 S.5 r t£
      5,787 words
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      Lock icon SESDAQ
      958 25 saw* urn i c£ p% iSTrng Hlfh lf« StHo Come*nv Wt COOO) Hp W" mgm r MMrKrWM 218 61 c 2049 AS Auto tOc. 1*4 cd -3 209 t71 >*4 >64 166 »0N f 0* 1873 171 137 45 c 2051 ASJMWg»20c 90 M SS ifl ZTjt MJ 1*4
      958 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Dow's fall, yen's rise dash hopes of a local rally
        619 26  -  STOCK MARKET COMMENTARY Property stocks lead losers on fears of US rate rise; selling pressure on second liners relatively mated By R Sivanithy AN inexplicable drop on Wall Street on Wednesday and a collapse in Japan because of the strengthening
        619 words
      • ON THE GRAPEVINE
        • Article
          Lock icon Timing is everything
          110 26 JOHN Schofield, technical analyst with Prudential-Bache Securities, has started a list of Singapore 20 blue chip stocks. To be updated weekly, the list shows stocks like Creative Technology, Keppel Land and Parkway Holdings. Nothing unusal there, except that they are rated to have strong fundamentals, but are
          110 words
        • Article
          Lock icon Time your actual run online
          89 26 BIGSWEAT.COM, a sports and fitness "Sportal". will host the world's largest skm running race on Oct 9. Bringing the global fitness community together using the internet, participants from around the world will be able to compete with each other in this unique, free event The
          89 words
        • Article
          Lock icon There are winners too!
          89 26 NOT everybody is bleeding red ink in Thailand. Kim Eng Holdings, parent of stockbroking firm Kim Eng Securities, for instance reports that the operations of its Thai subsidiary "are now profitable with a higher market share and a larger capital base". Kim Eng bought over Nithipat
          89 words
        • Article
          Lock icon Losing money and loving it
          179 26 ACCORDING to Wuthelam Group executive chairman Koh Boon Hwee, there's a rare breed of business persons who actually ei\)oy losing money. They are "angel investors", individuals who invest in start-up companies, usually of the high tech, high-risk variety. Mr Koh, himself a prominent member of
          179 words
      • Article, Illustration
        Lock icon HOT STOCK
        68 26  -  By Ven Sreenivasan TAN Chong International has fallen significantly in recent days and is now just above its HK$l.6O medium-term technical support level. The technical charts show that the counter is deeply oversold. Nevertheless, yesterday's volume was 3.5 times higher than its ten-day moving average. This is a
        68 words
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      47 15 P*^^* wonder H K *11 L Kjc'< >v Vj Daily to Switzerland and Europe. Relax. Think your thoughts. And leave everything else to us. 0 m^m Swissair. We care. SWISSQI TJ^j 435 Orchard R<nui. *l 8 04/f)SAX> Wisma Atria. Singaporr *****7. Tel: 737 8133 Fax: 737 3608
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      83 16 Imc TMC EDUCATIONAL GROUP TMC INT'L HOLDINGS LTD (Incorporated in the Republic of Singapore on 25 June 1981) INITIAL PUBLIC OFFERING OF 16,000,000 NEW SHARES AT $0.29 EACH Applications for the New Shares may be made on printed Application Forms referred to in the Prospectus dated 15 September 1999. Applications
      83 words
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      207 17 MAJOR PUBLIC CARPET AUCTION ORDERED LIQUIDATION OF STOCK (NO MINIMUM RESERVE PRICE) A large stock of quality handknotted Persian and Oriental carpets to go under the hammer in a liquidation auction. DEALERS ARE ENCOURAGED TO ATTEND! I SUNDAY 19 SEPTEMBER j CROWNE BALLROOM J ROYAL CROWNE PLAZA, SCOTTS ROAD D
      207 words
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      126 18 M /OLOUR THEIR PERCEPTIONS. I 1 IB 1 1 K You are what you wear. And with the Motorola V-Series, in brand-new metallic finishes with chrome trim, you'll turn everyone green. Party animal? Radar Blue is for you. Fancy yourself a cool hand? Then Light Titanium is It. As for
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      10 18 Sunday Classified at C larke Quay Every Sunday. 9am spm
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      167 19 o 'W Haw YOUR TRUE COLOURS. < kte wkr \y~ sm V J^l .i y 1 sSBi-" mm-- r ■sy :w \wt iW II 4^Hr I •JL- ..if.^j^ it ii- :^^^Bk^'fe: I ibl tp ill U' f wR. "ASIH ~'V Ik flj^^^BjpP^^B^K^^Hgfv l Radar Bl Light Si Don't be the
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      32 20 with ease \<>u Own the rimld'sfinest bed in pure comfort... ki >ii k Furthermore, our Interest-Free Installment ow s you oow t- xjSteeL ntftiiiM" V _-gr ux u r u O/f/ a
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      82 22 The Hongkong stock market was closed yesterday There is no smoke without fire. With so many lucrative business opportunities and services sizzling in The Straits Times Classified daily, it's no wonder our readers are always hungry for more. Advertise in the Business Services/ Products section (Classifications 201 to 266). Call
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      85 24 WaWliH TOUGH overcome an Y obstacles, toughen up with the Grand Vitara's powerful V 6 engine. With our attractive packages, deal. £j*j*gGet the taste come city, n Champion Motors 2 pandan crescent <off west coast highway). Singapore *****2 tel: 774 9773/4. SUZUKI I! J I a V7H OPENS DAILY 8
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      35 25 Sole Distributor Main Centre: I LONGINES' THE SWATCH CROUP SEA (.S) PTE LTD I I GL'SI I \m* O -=^^vjsv^^=438 A Alexandra Road *05-03/04 Alexandra Technopark I M Ids! ■JOIC6V L'elegance du temps depuis 1832
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      2350 26 Going to trade online? You need DBS nvestcr Online Simply the best ?search Call 323-3955 toci.iv SSI )BSBANK NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 form 14 (tuic mi NOTICE TO CREDITORS Of FIRST MEETING Compjoin Winding Up No. 20 of 1999 Ocean-Wide Marine Service* Pte
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      371 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF REN HO TONG INDUSTRIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Note* of Appointment and Situation of Office of liquidator* Nomt of Company: REN HO TONG INDUSTRIES PTE LTD Company No *****1337E We, Ewi Pang Kooi and
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      123 26 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF STEINER-OPTIK (S.E.A.) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting of the Members of the abovenamed Company will be held
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Giving the right impression
      1837 27  -  A Hermes tie for the boss, a palmtop for an up-and-coming executive, a Tiffany mug for the secretary. The millennium spells happy days for corporate gift marketeers as companies bend over backwards to ensure their top business partners remember them into the next century. But is
      PHOTOS, EXCEPT FOR DAUM DRAGON,BY SIEW YAW HOONG; CRYSTAL RABBIT PAPERWEIGHT AND ATLAS BRASS CLOCK FROM TIFFANY'S,Y2K CRYSTAL DRAGON FROM DAUM; PHOTOS BY SIEW YAW HOONG  -  1,837 words
    • COVER STORY
      • Article
        Lock icon STRAWS In The Wind
        241 28 Painful transformation HONGKONGERS certainly have a way with names. We've heard about the Bond Wongs and Jingle Lings of the world but even those who have heard it all can't help but chuckle at the prospect of a Cuntus Kan and a Eunuch Eu. The pity
        241 words
    • LEISURE
      • Article, Illustration
        Lock icon You'll think twice about going to the loo at night
        659 28  -  CINEMA Be warned The Sixth Sense is no run-of-the-mill ghost story. ItH really give yon the shivers By Susan Tsang THE Sixth Sense has been taking the US box office by storm, and no wonder. Unlike big-budget disappointments like The
        659 words
    • PURSUITS
      • Article, Illustration
        Lock icon Dollars and sense of collecting art
        1012 29  -  Some buyers are primarily interested in the investment angle. But the aesthetics involved should not be forgotten, pa&vathi kayak reports PARVATHI NAYAR Commercialism is or should be the antithesis of art, though it is idealistic to pretend that art buyers aren't concerned about the
        1,012 words
      • Article, Illustration
        Lock icon Leading you down the garden path
        803 29 BOOK REVIEW Tropical Garden Design By Made Wttaya Archipelago Press Wtyaya Words 206 pages, $50.00 Reviewed by Thien IT WAS an adventure of sorts, the first time we met Made Wijaya. The journey to his Dahan Road two-storey colonial house one of a handful
        ALL PHOTOS 1999 EDITIONS DIDIER MILLET  -  803 words
    • ENTERTAINMENT
      • Article, Illustration
        Lock icon WHAT'S ON
        389 30  -  Compiled by Parvathi Nayar DAMCE A Triple Bill Singapore Dance Theatre presents three spectacular works: Who Cares? by George Balanchine to music by George Gershwin; Birds of Paradise by Goh Choo San, danced to a concerto by Alberto Ginastera; and Maninyas choreographed by Stanton Welch, danced to music
        389 words
      • Article, Illustration
        Lock icon Pleasant but not pulsating
        571 30  -  THEATRE Forbidden Broadway is competent as a whole and hilarious in parts, bnt it somehow fails to strike the right chord with the Singaporean audience By. Parvathi Nayar SINCE its debut in the United States in January 1982, Forbidden Broadway has became something of an institution
        571 words
      • Article
        Lock icon Mapping out a cultural flight plan
        539 30  -  ARTS SPONSORSHIP Air France's decision to get involved with the arts here has been recognised with an Associate of the Arts award By\ Parvathi Nayar ARTS sponsorship in Singapore is gradually attracting a wider corporate base. It's a welcome trend for which appreciation is
        539 words
    • Article, Illustration
      Lock icon CINEMA
      742 31 American Pie Grossed out comedy of American kids' rites of passage. A bunch of schoolmates decide they must lose their virginity before they graduate. R(A) Cathay, Orchard, Yangtze, Golden. Bone Daddy. Rutger Hauer in a tale where pain and fear collide. Previewing at Lido, Jurong, Choa Chu Kang, Century,
      742 words
    • Article
      Lock icon ENQUIRIES AND BOOKINGS
      117 31 Cathay Org Cathay 338-3400 Eastshore 346-1816 Orchard 235-8386 Picturehouse 338-3400 1x^x223-7529 KngWah Empress 777-5867 JuMiee 454-1640 Mandarin 292-9401 Msina 338-9719 WhteaidS 585-1782 Qokftsn Vlllags 1900-912-1234 332-6096 for group bookings wheelchair facilities Bishan Boon Lay Marina Tampines8 TnngBahru Ytshun Q vtrtfat Movl6 n» -i n .m, ClemefTtiA/Oweaitn 777-0669
      117 words
    • EPICURE
      • Article, Illustration
        Lock icon Millennial extravaganzas
        916 32  -  tan su ran finds out what three local hotels are doing to add some big-budget fizz to your year-end celebrations TAN SU YEN THERE'S no need to jet off to Paris or sail to Antarctica on an ice-breaker to celebrate the coming of the millennium in grand style.
        FILE PHOTO  -  916 words
      • Article
        Lock icon Why they're the best
        253 32 WINES WHAT ARE the particular traits of some of these prized bottles that will be opened on the last day of the year? We asked Edwin Soon, oenologist with e-commerce wine trader E-WineAsia, for his thoughts: Le Montrachet DRCI966 This white Burgundy is probably the most
        253 words
      • Article, Illustration
        Lock icon Mooncakes filled with fruit
        171 32 CRAVINGS WE'VE HAD cempedak, durian, coffee and champagne mooncakes. So why not go the whole hog and depart from tradition altogether? The Tung Lok group has done just that with its first-ever fruit-based mooncakes. The bite-sized mooncakes with fragrant fruit jam fillings come in flavours like
        171 words
      • Article, Illustration
        Lock icon Flavours of Britanny
        263 32 L'AIGLE d'Or's executive chef Dominique Ferchaud and restaurant manager Philippe Pau will bask in the familiar flavours of home this week as the pair put together a "culinary exploration" of Bretagne or Britanny, their hometown in the north-western tip of France. With a 700 km coastline facing
        263 words
      • Article
        Lock icon Here's to your health
        79 32  -  Compiled by Tan Su Yen IN LINE with the Ministry of Health's National Healthy Lifestyle Campaign, Four Seasons Hotel will be offering a "Healthier Set Menu" at $39.50 for lunch and dinner until Oct 9. The menu, which is nutritionally balanced and lower in calories, cholesterol,
        79 words
    • GOLF
      • Article, Illustration
        Lock icon Slight rise in club prices
        518 33  -  But these don't reflect the general trend in the secondary market reports vhm sreemivabaii VEN SREENIVASAN Although the average prices of golf memberships moved up slightly this month, the number of transactions on the secondary market fell to its lowest level in nearly five months,
        518 words
      • Article, Illustration
        Lock icon Organisers take legal action against BSkyB
        440 33 RYDERCUP Change in channel seen as move to preveatnbscribers to ONDigital from having access to the tournament Reuter [LONDON] Europe's PGA Tour and Ryder Cup organisers have started legal proceedings against Rupert Murdoch's BSkyß pay television company over broadcasting plans for the golf tournament.
        Reuter  -  440 words
    • INSURANCE-WISE
      • Article, Illustration
        Lock icon Protecting a business venture
        702 34  -  It makes sense to take out policies for key personnel in a company, siow u sen looks at the nuts and bolts of business insurance SIOW LI SEN WHEN a key person in a company dies, the company's fortunes can sometimes take a dive, because direction
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    • UNIT TRUSTS
      • Article
        Lock icon Letting pros manage your money
        1179 35  -  For those seeking portfolio managers to look after their investments, peter ix>uax.AS has some advice and a list of hanks offering such services PETER DOUGLAS The writer is principal of GFIA Pte Ltd, an independent consultancy serving the financial services industry in Asia IT USED
        1,179 words
      • Article
        Lock icon Unit trust portfolio management services
        545 35 Number of portfolios Very large: virtually customised 10 (offshore, onshore and 11 (offshore, onshore and Very large; virtually customised 4 (based on customer risk How tailored will your portfolio allocations regular investment) regular investment) allocations profile) be? Service description Advisory portfolio of S'pore unit Discretionary
        545 words
      • Article
        Lock icon ACU DEPOSIT RATES
        1190 35 (Wired hy various hanks (as at September /.>. WML Oepoelt unount 1-mth i-m&i 8-mto Depoeit amount 1-nrth 3-nrih frnrth DBS Bank HSBC ■■■■■■■■■■■■I AS AS S10,000 A24,999 4 2500 4 3400 4.7000 25.000 74,999 3.7500 3 8750 4 3125 A25.000 A49.999 4 2700 4 3900 4 7200
        1,190 words
    • PERSONAL FINANCE
      • Article, Illustration
        Lock icon When is a good time to invest?
        1107 36  -  One crisis will always replace another, writes shamxkdraperera. Why miss opportunities by waiting on the sidelines? SHAMINDRA PERERA The writer is director of funds distribution at Frank Russell Investment in Singapore. Frank Russell is a leading investment strategy consultant, and in alliance with
        FILE PHOTO  -  1,107 words
      • Article
        Lock icon Pick of some local warrants
        1279 36  -  A comparison of warrants written on same stocks and one that is S'pore's reigning top dog By] Lewis Mitchell The writer is a quantitative analyst at DBS Securities THE state of Singapore's warrants market is a healthy one. Oddly, despite being complex instruments, warrants are
        1,279 words
    • PERSONAL INVESTMENT
      • Article, Illustration
        Lock icon Asian currencies far less risky now
        1128 37  -  The region is a much safer place in terms of currency risk because most exchange rates are undervalued, writes kevin grice KEVIN GRICE The writer is senior economist at the global economics unit of American Express Bank in London IN the wake of the
        FILE PHOTO  -  1,128 words
      • Article, Illustration
        Lock icon STI set to break out of range?
        902 37  -  Index set to hit 2,700 in next few months: Pradenti&l-B&che technical analyst By\ Siow Li Sen SINGAPORE equities are poised to break out after several weeks ranging and the Straits Times Index (STI) is still on target to hit 2,700 over the next
        902 words
    • EXECUTIVE MONEY
      • Article, Illustration
        Lock icon After the boom, bust is unlikely
        989 38  -  Money managers are generally more optimistic about Asia, according to the latest Asian Barometer survey, louxs beckerumg has the details LOUIS BECKERLING STOCK markets in the region have had their boom for the moment but money managers don't expect this to be followed by
        FILE PHOTO  -  989 words
      • Article, Illustration
        Lock icon The future looks positive for Japan
        814 38  -  THE FDVER PODVT But lingering doubts remain as yen strength continues even as the country's economic data Improve By Louis Beckerling IF you can't make up your mind about banking on a solid economic recovery being sustained in Japan, you're in good company. The
        814 words
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      180 28 OFF THE CUFF with Jaime Ee will be back next week RESULTS OF LAST WEEK 'S POLL: Are Singapore's film censors cutting in the right places Yes. I have no complaints about their decisions —12.2 percent. No. They're still too ready to snip out the sex scenes and leave in
      180 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      206 28 CRYPTIC CROSSWORD 1 Beast an order for 8 Why children visit Santa's grotto temporarily (33,7) 12 Turning gold, pale tree (5) n 16 Badly treats sample (6) 18 Desires good tricky ruse —LmJ—^ —4m to secure it (5) BB BB 19 Fears being executed for '9 I I I I
      206 words
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      467 30 Where to wine, dine and entertain... IBB"** 5 Every Saturday and Sunday pamper yourself from aa early as 12.00pm to our sumptuous High Tea Buffet of popular Asian and Western sweets and savouries at CM» Victoria. CALL: 330 3585 OR 330 3590 FOR RESERVATIONS <^22 76 Bfas Basah Road, Singapore
      467 words
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      142 30 A MID-AUTUMN CELEBRATION WITH OUR MANDARIN MILLENNIUM MOONCAKES 27 August to 24 September 1999 Telephone Hotline: 835 4220 <2> tfcwiAaratw Mandarin Si*fap*rt 333 Orchard Road Singapore *****7 i TWErf W: 737 4411 Fax" 732 2361 I *TV\« CUeP Series" *vf K^nrioff JoUvv SaWcVV of CK*fe*u K»ct\«H« |7H\ September Vo Isf
      142 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      2265 31 TODAY'S TV nSSSSSmjSwSS ?2 3.00 PM TV Innovations. Headline Npws Place maid. Full of believable 4 #0 iJhrey®'wea"h£* HUm S^WAStoiment characters, and 430 Donkey Kong Country. f fl 900 relations thankfully free of JJJ fXTolteofie. S& ?SK3X ,ht sentimentality. 6.30 Franklin Ixoo News W^rld The Long Walk Home, 7.00 Archibald
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      141 32 What lias body, mellows witfc age, good for the cardiopulmonary, appeals to tlie olfactory sense, 1 turns you on 1 and i 1 Is free? I Wine, but of course. At Wlnecatyers, we don't |ust sell AHF We uncover your taste and recommend one that suits you. Is as jSf
      141 words
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      Lock icon Page 32 Advertisements Column 2
      109 32 r Busy Executive Lunch T Jazz Sunda > Brunch Chicken Schnitzel. Pork Kpuckles. Nuremberg Sausage*. Hungarian Goulash. Apple Strudel and more Garlic Bratwunt, free-flo* beer and even more. Singapore's days of belt-tightening are over. With prices like 514.50+h- for weekday lunch Wt\ and $38+++ for Sunday brunch (including free-flow beer
      109 words
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      48 33 The Only Golf Membership Bouqht By Swimmers. Scuba Divers, let Skiers. Sun Worshippers. Snorkellers. Tennis Players. Nature Lovers And Spa I nthusiasts. w w 1 i«: i« Am' ,',v/ </■/ v r V v, -jV \_v r* '»j ■0\ <j i n i fc\ 4 J* i* gaignegsa HjgJ
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      209 34 We hope you enjoyed the 12th of our 13-week series on Insurance-wise, brought to you by Great Eastern Life. You can view this article as well as previous weeks' articles at our website at www.gelifo.cofn.sg What's more, here's a chance to win a getaway package for 2 at the Beaufort
      209 words
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      Lock icon Page 34 Advertisements Column 2
      256 34 Two oul of Ik ree Singaporeans w ill licit al leasl one box. WW are your chances? 1. Cancer 16. Heart Valve Surgery 2. Heart Attack 17. Loss of Speech I |l I II 1 W 1 \W *jj 4. Coronary Artery By-pass 19. Surgery to the Aorta Statistics show
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      7 34 brought to you by Great Eastern Life
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      57 35 The Unit Trait Boore Board to not available thia week /Hello, I raw your. /it was such advertisement in f a nice surnrise I The Straits Times Classified, j f Flowers \Thank you bouquet of flowers J rl 'mfgr~T V) Buying or selling tftrouah ftll JP| The Straits Times Classified
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      123 36 c melodramatic tragedy of Carmen, based on the novel by Prosper Merimee, is the most popular of all operas. Staged in English by era Concert Productions (Worldwide) Ltd, this poignant tale set in Seville in 1820 recounts the catalytic chain of events vhich led to the inevitable but tragic death
      123 words
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      285 37 I I A A l |f m v f X amm I II /ZsM*\ i tm W rifC .%t w I 1 ICM |%fJ lj I 9 SUNSETS. I I I Sundown j I 1 Oth 25th Sept '99, from spm daily. I A The hottest deals and coolest fun
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      305 39 Bridge News, Reuters TANKERS: A further increase in rates was seen for both Suezmax and Aframax tonnage fixed out of the •North Sea. A steady flow of activity continued for ultra/very large crude carriers (ULCC/VLCCs) out of the Persian Gulf but there was little movement in rates. Petrogal
      Bridge News,; Reuters  -  305 words
    • Article
      Lock icon MARITIME STOCKS
      293 39 CWTOtatributton 1.20 O.Ot 2 Chuan Hup—» 129 -OOI 236 Coaca Invastmanl to unch 13 Frataftt Links 033 -OOI 829 GSHoMinga 0.90 -002 42 Ha* Sun Hup 0.67 -OOI 321 IMC MoWnga-HK MO uneh 0 ityi Hoidtngs 0.94 -0.03 S Jurong Shipyard 8.00 -OOS 205 Kappa* Corp 125 -0.15
      293 words
    • Article, Illustration
      Lock icon G&U's new districentre to act as regional hub
      401 39  -  $38m complex dedicated to snpply chain management of chemicals in Asia-Pacific By] Marcus Hand [SINGAPORE] Homegrown G&U Logistics recently started operations at a new $38million chemical logistics centre here, the latest phase in its development of a regional distribution system for the
      401 words
    • Article
      Lock icon IMC to order two tankers
      126 39 Reuters [HONGKONG] Shipping group IMC Holdings Ltd said two of its subsidiaries would buy two tankers for a total of HK54.73 billion (551.02 billion) from two mainland Chinese shipbuilders. IMC said in a statement its Ace Navigation Co Pte Ltd and Virtue Navigation (S) Co
      Reuters  -  126 words
    • Article
      Lock icon Vessel which failed to keep proper lookout partly to blame for collision
      749 39  -  ADMIRALTY CASEBOOK By Selva Kumar A VESSEL involved in a collision in the Suez Canal found itself taking part of the blame because it had failed to keep a proper lookout and had actually increased its speed at
      749 words
    • Article
      Lock icon Official opening today of NOL's Viet terminal
      243 39  -  Terminal is Vietnam's first folly computerised container terminal By Marcus Hand (SINGAPORE] Neptune Orient Lines (NOL) officially opens its joint-venture container terminal in Ho Chi Minh City, Vietnam, today. Vietnam International Container Terminals (VICT) has been developed by First Logistics Development Corp at
      243 words
    • Article
      Lock icon 1990 Californian oil spill case settled for US$16m
      336 39 Reuters [LOS ANGELES] The owner of a tanker which fouled the southern California coast with a massive oil spill in 1990 has agreed to settle for US$l6 million (5526.88 million), officials announced. The settlement officially ends a case which saw a California
      Reuters  -  336 words
    • Article, Illustration
      Lock icon Freight set to rake in RM91m
      729 40 KTM'S FORECAST Revenue from freight service could top RMIOO million next year, says company Bernama [KUALA LUMPUR] Malayi Tanah Melayu (KTM) expects to earn RM9I million (5540.7 million) from freight this year, up from RM71.7 million last year. Its executive chairman, Datuk Mohd Nor
      Bernama; FILE PHOTO  -  729 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      293 40 PAGE ESP Lines 13 AM. 3 E»ergreen 6 Accord 8 to«gS«n 8 Ahrenkiel 14 Fro<l '3 Appenship 5 WU* M AstaOCL 13 CUnk 4 Austral 8 Gemartrans 6 Avant 14 >3 B'tang Mas 8 Ctory Nav M BSA T HaiSunHup 12 8TL 14 HanqN 7 BalajiShpg 5
      293 words
    • Article
      Lock icon SHIPPING GUIDE
      19217 47 THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vnu( Voyaga Talapnona ETA ETA Adyartisar VmmH Voyaga Tnaphona SIN Dast'n MM Nam* Number Numtwr SIN Dast'n Nam* Nam# Numfcar Number HHHMMMnMHMHMMMNNMHMnHMMHMMMMMMMMNMMMMM ■■■■■■■■■tBMMMMMMMMMMHMMMMNMMMMMMMMMMMMMMBMMMMMMI 24/04 24/10 CSAV IWASHIRO 021S 45-*****55 To ABIDJAN (ABJ) 2003 Cot# O'lvoire n/o* 24/w nyk iwashiro 021s 45-*****23 24/09 04/11
      19,217 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        603 53 Vassai Voy No Barth Arrival Oapariura LovtSonq 17 J15 16/09/725 17/09/15*0 OCMA Sfflyl m J03 16/09/8:50 16/09/22:00 MJMI2 ***** J01 16/09/8:10 16/09/2339 St Hoi Gt6 S7 S£P-I6 J01 16/09/13:10 16/09/23:59 Harcopoto 26 JMB018 JI7 16/09/9:25 17/09/15:00 Shannon Exp OCC-99 J16 16/09/9:40 17/09/15*0 St Faj MaA ***** J01 16/09/11:15
        603 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1861 53 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO 8ooklnq/EUUnct Rstls Ship Voy No Etb/Btr Ptftod Fro* To From ACHIEVE* 494 B/ttM B B/BM B/H59 8/BM 2A 1VT700 H/Otn h/omo a is/1700 i4/o«59 worn j h/otm wm h/mm 4 16/1200 H/M99 H/1700 ALAMJAYA 2 tS*W MAM B/BM B/H99 B/BM
        1,861 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        186 53 Sep 23 Japan: Autummal Equinox Day. South Korea: Harvest Moon Festival Eve. Bap 24 South Africa: Heritage Day. South Korea: Harvest Moon Festival Eve. Taiwan: Mid-Autumn Festival. Bap 25 Hong Kong: Day after Mid-Au-tumn Festival. South Korea: Harvest Moon Festival Day Following. Sap 27 Australia: Queen's Birthday (WA).
        186 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        798 53 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars instead oT single prices for a more comprehensive description at the market Prices shown are baaed on averagesized stem. Market movements are Indicated. The Cockett Bunker Price Index change and the individual
        798 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        444 53 C«taa MO Mu 990.6 0J M.7 0.M 63 0.05 (a« DmhKv Mater HiMm Ask AJwbWm Tiffn-1 No i#om £25 0 0 0 0 0 0 222 22 MAM 905.7 0.4 Q-5 0.07 X 0.02 taU 300 Mai 993.4 0.0 M.0 0.11 71 0.06 MOfin %W »M*I
        444 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Majority of airports around the world ready for Y2K: Iata
        461 54 It will be business as usual on New Tear's Eve, aviation conference told Reuters [GENEVA] Global air transport bodies brushed aside fears of Year 2000 computer glitches in the sky and reported high preparedness among commercial airports just over 100
        Reuters; FILE PHOTO  -  461 words
      • Article, Illustration
        Lock icon Boeing chief meets Israeli PM to discuss jet sales to El Al
        348 54 Bloomberg [TEL AVIV] Boeing Co, the world's biggest plane maker, said chairman and chief executive Phil Condit met Israeli Prime Minister Ehud Barak in an effort to sell Boeing's planes to state-owned El A 1 Israel Airlines Ltd.
        Bloomberg  -  348 words
      • Article
        Lock icon US airlines come up with customer service plans
        251 54 Bloomberg [WASHINGTON] Major US airlines responded to growing passenger discontent with voluntary plans that give customers 24 hours to decide on buying a ticket and vow to return misplaced bags within a day. The reforms, submitted to the Department of Transportation, also
        Bloomberg  -  251 words
      • Article
        Lock icon Consumers will have 24 hours after reserving a ticket to decide on making the purchase.
        152 54 urging the DOT Inspector General's Office to widen its investigation of allegedly deceptive and unfair airline practices. The measures are non-binding and do not legally require the agency to act, leaving the airlines some breathing
        152 words
      • Article, Illustration
        Lock icon Cheap, daily flights to Berlin
        48 54 [BERLIN] Richard Branson, chairman of the Virgin Group, with stewardesses on the gangway of a Virgin Express plane after landing at Berlin's Schoenefeld airport. Mr Branson's Virgin Express Airlines opens new low-cost daily shuttle services from Berlin-Schoenefeld to Brussels, Rome and London. REUTERS
        REUTERS  -  48 words
      • Article
        Lock icon Shanghai seeks economic boost with opening of airport
        200 54 Reuters [SHANGHAI] Shanghai opened a US$l.57 billion airport (552.63 billion) yesterday and Chinese officials said the new transport hub would lift the city's economy. 'This Is a major event in the economic development of the city and the development of China's civil
        Reuters  -  200 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1604 54 an njcMT m fuwt no wsm mos lmtt 2350 jjjjjji m* S***** MOS N***** 2350 imm m S020M Z3S0 am S ""IT 3 ??55 ImHtrUm $023 0705 KLM4 0040 88 $0327 0745 MM 2300 Fitooti $0909 1645 $0990 0105 6A973 0945 $0328 2325 ta#M $0003 INS
        1,604 words
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      21 39 KTM expects freight to rake in RM9lm Revenue from freight service could top RMIOOm next year if demand continues. Page 2
      21 words
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      209 39 Anssie freqaent flyers' free flights may soon be taxed It will be business as usual on New Year's Eve, aviation conference told. Back Page n ■Hii;ii!ii;Mw ■KKiTiWPI SPECIAL FEATURE OCTOBER 19, 1999 LOU UP WITH VMIABLI SALES LEADS The shipping industry is steaming full speed ahead into the new millennium.
      209 words
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      1268 40 I NORTH AMERICA I EXPORT OTHER DESTINATIONS SSX BUPCT SHUTTLE tXPREBB DM6CT TO LOWO BEACH I M EBBfCOAST Of CPTm«I MUEBICA (HmWWIIT* BBMCS I yo, WW" OTrnnn ma YOT fTH norml touuru unLQtaco (omro n uma mauHtmvu uuucm ooauhm smm ~8/H n/H M/ii iiTiTliTii is7i* isTT* s?7ii > m/m| 5"
      1,268 words
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      Lock icon Page 40 Advertisements Column 2
      629 40 Una* services represented by Members ol the Registry ot Accredited Shipping Agents, s'pore National Shipping Assoc Members oi the Singapore Freight Forwarders Association NORTH WEST EXPRESS UNE ACCEPTING CONTAINERS, BREAKBULK PROJECT CARGO TO DAM PIER/FRE MANTLE (MONTHLY SiHVICE) MV "ARKTIS GRACE" ETA SIN 25/09/99 BOOKINGS CALL MOMCA/JUUA TEL 323 4374
      629 words
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      1043 41 Ivtssa vor m m m mm m urn m w llwsia wr Ira wh« w m» m w m\ HTDUU now 20/00 07/11 00/10 12/1* MIAMI 0141 20/00 31/00 03/00 •</•» 22/00 DAWJM 547W 23/00 10/10 11/11 14/10 11/10 MX COCA. 00* 20/00 31/00 03/00 04/00 22/00 MONTI OOSA J3OW
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      1888 41 HANJIN SHIPPING IICFI hamjw smpfnm (t) pti in boom mwjj-w iala mom ncmr mon r« o*wno* mono»SI MAW iw mTMJ f« mm am. iismumh TO NW U»A A CANADA j U»« I WWM' ww.voT UM w NTTI TT wTrT m i m KJIAOMUB944I 14/B 10/ M MKT 97/19 B/19 B/10
      1,888 words
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      1409 42 DSR-SENATOR UNES TO UK/CONTINENT TOMiaJfi^BBANEANCANADA ittia vot aT tfli wtm urn ham my fu wa wn m «t tp* ros mc «tw CHOYAMG ATLAS MINT 14 H 11. M Kll OH Hll Hl* 1711 CHOYAMS PHOEM* mm* 1t» Bit H.H «It 17 M nuKMAru mxw 17n nil mi t7ii mi
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      935 42 A« MAfc-lIELS SPORE M'SIA I Carrier: Mil CONIR LINES, INC p.guoang:<o7)3BB372s NV\ an my **********08 SOU: (084) ****** MAMLA: (832) *****24 V PENANG: (04) *****36 BAMOKOK: (882) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****46 KUCHMQ (082) *****1-3 VANCOUVER BC HHAVA SHEVA/NEW DliHI~ MV "HANJIN KAOHSIUNG V.0461
      935 words
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      542 42 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VKMI S PORE N SHEVA COLOMBO P.KLAN6 TULSIOAS V. 114 24 SEP «1 OCT »7 OCT 11 OCT TARPON SILVER V.IMW 27 SEP OCT 12 OCT 17 OCT CAPE CANAVERAL V.112W 14 OCT 12 OCT II OCT 24 OCT TULSIOAS Vll5 11 OCT It OCT
      542 words
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      1666 43 [vessel vov khh hkg sin PKO pqb dxb pmm Iba bwc I IRAN SHAHRYAR PCL-5120 15/09 17/00 21/00 22/00 01/10 02/10 03/10 09/10 07/10 IRAN BAABAEI PCL-3121 22/00 24/00 28/00 20/00 08/10 00/10 10/10 12/10 14/10 IRAN TAKHTI PCL-5122 20/00 01/10 09/10 08/10 19/10 18/10 17/10 10/10 21/10 IRAN TABATABAEI
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      1100 43 1 i— i-i— f mHlmm ——I WffW| fw MHNMI IRNINHHy I I SINGAPORE'S GCNERAI AGtNTS: 80 ROBINSON RD TIL 226 1900 FAX: *****08 OUTWARD (8/1) TwOSW^ThSSlOSlS"^™"^™™"^^ l^^! COSTAR SHIPPING PTE LTD #12-00 saus/bkgs 420SSS7/60 inward otrr (o/oj *****85 COSTAR AGENCIES (M) SDN MD Ol NO: **********081 SNIGAMtI *****8 CONVBmONAI *****50/55
      1,100 words
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      800 43 EXPORT IWOKT Iffi I a in \ML *tv^u 1 111 11 IB MB tawmm cmnob n mi d mmm. ummmm. masam. n rmnn m mm a mrmm m m INAAMNAimP EX POTT IMPOTT «i Im In im oak rasa wr m om ffifl WM lf/W 177TTTT7TTUSANWANOXQ ~gg ~**f~ H/H i\M
      800 words
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      1451 44 EIffiOPEAJK/SCAMDtmVWWmtMWmiA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HB6 PKL S6P E. DYNAMIC RW OM 19/09 87/11 13/10 09/10 11/10 12/10 13AI0 E RENOWN RE-035 2S/0I 20*0 27M 20*0 31*0 Ilil 20*0 E. DEVOTE RW-000 26/09 14/10 20/1# 10/10 10/10 19/10 20/10 E RIGHT RE-040 02/09
      1,451 words
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      1052 44 rjgggpgy PACIFIC INTERNATIONAL UNES (PTE) LTD Sssi» Ifc 140 Cecil Street, 403-00 PIL Building, Singapore *****0. I CBNQ:iooeobrocxxie Ilvpsa VOT Pt6 "an MB mB Wi ffi Htf|«|| HMGA IHABM 3 >75 77/* J2£— 3/H It/l> J II rasa VOT m~ SM|ifi~ |&__gl Mi IMI B£ Js it i% §j] lypsa
      1,052 words
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      481 45 BSfl H. TT *=IT^TeWSTe y 3^TSS I M W M MYANMA XgHßk FIVE STAR LINE r (Myomoc Natioaal Line) W loadiag (or Yo»go« (Raagooa) vcsn VOY SIN PU m mi KING TUNG 4W SU> SAGAWG 42W SU> MALAYSIA AGENTS: OOUSTEAD SWPPING AGENCIES KUL m (03)2417)00 P81: Til (03)37**101 PHI: m
      481 words
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      1185 45 HMNE* HYUNDAI MERCHANT MARINE CO., LTD; vbs vor Isw sou I MNlml ant I hoi Itv I a Ivesa w [jai juhJwy iw hmi l w I ai| bm sSwltToo 17ioo»7io«7io~os7io wjan n* »/w «/w a/oj «/»«/<; KT DUB 320W 20/04 06/10 07/10 I*/10 14/10 NOt 00* W/W 04/04 31/00
      1,185 words
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      800 45 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA #CAR 1 RORO 1 HEA VYUFT StRVKE* VESSEL VOT I RAMP HEIGHT |SW LAI CIL HIA SAV IAL jOf IfTC MEW ■6i~| TAPNXA AHM~ 4001 m "T» KjW 25/10 03/11 04/11 00/11 11/11 11/11 11/11 17/1! 11/1! TAMPA AHO7 400 1m 6.3* 12/10
      800 words
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      774 46 miOKOWAf TA PHUT/LAMM CHABANOI J AK A HT A/P A N JA M O VESSEL VOY SIN BKK MTP LCH~ VESSEL VOY SIN JKT PJN MATHUBHUM 432N 18/09 22/09 21/09 GURU BHUM Ijjjgg In Pt 19/09 XETHA BHUM" 301N 19/09 22/09 23/09 BUNGA MAS TTGA *****1 18/09 22/09 SHIMANAMI OSE
      774 words
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      341 46 INDONESIA NATIONAL LINE TO AUSTRALIA I RAJ. OQWIMNER SERVICE fiL vor| we "all wi —m m m—mii [ig| n/w ii/n ti/u ts/n w/n usumi as I u/m m/h w/h 11/10 is/i# noreiMnsm ml ts/ii »/Ji?/n 19/J n/n miwr |m| |w/i«|>/i«| |w/n|FEEPER SERVICE TO INDONESIA VB VOT m SMUMU UMNK SHUIA*
      341 words
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      740 46 VESSELS I VOY I' «N PKL I JH) I MLA I [g RTM 1 HAM 1 ZEE I 6QT VMXEDEVWGO S33W 21 AX 22*08 01/10 08/10 WtO 11/10 I*lo IVIO I*lo SAUDt JEDOAH N33MV ZMX 2&/ OB 07/10 17/10 2QTIO 22ft0 ZyiO SAUOIJUBAM. tag 01/10 06/10 14/10 25/10 2yio gjjj
      740 words
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      38 47 Calling More Than W mmm 1 500 Worldwide Destinations. Find out more on Pg 13 For Complete US-WESTCOAST Schedules middle east INDIAN SUB-CONTINENT Information a«k 0« Our Deals 0„ Pg 7 Daily Turn To 5 JL D'OCEAN LINES
      38 words
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      49 49 \^kZZloronQemand" (Retrieve more schedules!) Press "1" JCV Select the port and key in the four digit code eg: To New York (NYC) 2275 STW* Key in your fax number _j—^ STKj Enter your phone number AnothvimonOMwvk.off.rtdby CTC The document will be Shipping Times JM2 for cafls vWtfrh Singapore td
      49 words
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      137 50 (FOtEST PtOOUCTS SMVKI) (StrntCaa Service For ChrMm* Uknd Kmnande Cooo« kfand) EUROPE SERVICE "Abo oil other we«t Australia ports wAject to inducement 1 TAW SKN KKU TMA VESSEL VOY. SIN CXI FW. COS RUWN STTLLA V3IA SAJIiD SAIUD SAJIiD 435! 0)/|0 M/ i 0 ,j/, 0 23/10 loum Ktt MmH/m/WB¥m/»KMiar
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      168 50 lll—fi VOT mq quo S MKO TT™ H—i wra TRADE MAPLE 025* WBg SZJEE 9LSE lU| llJg ttfiEl lfi£S2 TRADE HARVEST QMW HJ|g i±Jg £52 l±|gl HAHJIN DALIAN QOSW H SEP M P 77 21 001 23 OCT 24 ALSO ACCEPTING CARGO TO: UK MLAMD OE»m«nON8 VIA FELIXSTOWE AND EUROPE
      168 words
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      128 50 Wilt nws/ WH« SAMJW6S: P. WWUW/SKAHMtf SOtfTM lOOWP m wr I raomt ai ~1 imuayii whs smb i^hhb BT AqM WP IiWM jHHiMi 818 lMuan iMtaac BUM WPS Ml mamt m aMSL_ oaj m i tins n/wnwn h*hhb twomTiouwo" use wr a |gg Bggj ww vmam ~Wro~ BMUSMt *l«g n>pr
      128 words
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      687 51 SAMUDERA SHIPPING LINE LTD ■■fa 72 Anson Road, Anson House #06-01 to 03, Spore *****1 CR NO. **********00 TEL: *****88 FAX: *****28 (OUTWARD) *****83-4 (INWARO) /*****10 (IMPORT STATUS) TLX: R*****0 BOOKINGS CALL DIRECT LINE: 535 6266 Celia/Jessica/Mei Chaw/Jeslynn/Dora^ 8 slgs/week every 4 days [VESSEL VOY SW JAK |VESSFI VOY [SM
      687 words
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      847 51 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO PIB I SW IMT I SIM OtW PPG CM WW HAI HI Off SAY KW M HBII MB m»tmu /Q7S7 14/00 10/00 14/00 10/04 00/10 01/10 03/10 10/10 »IZIL JiZIL JZZIL JIZIL J<ZlL -gZIL HSSpm/M/? —Tim M/H juilJ4/aiim.JIZIIJ2ZILJZZIIJIZIT fV" «y» 'V" TV"
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      483 51 \*mm ENG LEE SHIPPING CO PTE lift I M SUN7I (4 UMII Nxi StJUM/SIMM I Bin HMWWIK I VESStI VOT SMin SMITD DCSTMAJKM UmStoTO 3/99 14/09 18/09 NOmA/fc Kosnotnot 8/99 17/09 19/09 hn^W Gondc HI 1/99 17/09 18/09 SMtoyc UnoiSnß 5/99 17/09 11/09 S*h SmM 10/99 18/09 19/09 Dw»> Bou/Nww*
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      501 52 I VESSEL VOY SIN MAA SIN I TIGER CAPE 99/12 24-2S/09 03-04/10 I UGER BAY 734N 21 22AJ9 26-30-09 05-06/10 I TIGER ISLAND 735N 23-24/09 2&03V10 06-09/10 I TIGER PEARL 736N 26-27/09 01-06/10 11-12/10 I TIGER BAY 738N 05-06/10 10-14/10 19-2C/10 I TIGER SEA 737N 29-3Q//09 14-15/10 IVESSE^^*K>^^SlJ^^CA^^sin| TIGER OCEAN
      501 words
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      938 52 FREIGHT LINKS EXPRESS Tel: *****11 Fox: *****77 E-mail: flesindsingnet.com.sg DIRECT CONSOLIDATION SERVICE TO ALEXANDRIA COPENHAGEN MAHE PHNOMPENH BUENOS AIRES HELSINKI MANZANILLO SAN ANTONIO CALLAO, PERU ISTANBUL MEXICO CITY SANTOS COLON, PANAMA IZMIR NHAVA SHEVA XINGANG PLEASE CALL OUR TOLL FREE LINE: 1800-*****66 FOR BOOKING PROJECT SHIPMENT HEAVY LI FT CARGO
      938 words
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      1020 52 OOCL (Sinooporei Pte Ltd CFS Kepoe) Disfrpk 45 CMm Si OCBC Cit #42-00 *****13 0*513 #01-120 r i \J C«II01U7»*****0H Ut 172 7127 rm mmmy u 4mm Fou 434 2944 Fu: 272 7425 OwtfOwMQiContain*lint •-W >V3byva Scln B*d *8 No: *****MJ1 of PCTAUN6 JAVA W: 03-754 7774 Fee 03-754 4437
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  • Page 53 Miscellaneous
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      126 53 LEGEND: R Thunderstorm Temperoture c X\ y Shower Weather _X Wind direction with speed in knots ee Rom v»X Cloudy Sky Wov Surfoce winds ore mdicoted by orrows which Hy with the wind Cl) One h* circle represents calm or light ond variable winds i— One holt Weche represents 5
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      285 54 SOUTH EAST ASIA AUSTRALIA NOTICE TO TRADE EMERGENCY BUNKER SURCHARGE Bunker prices have been increasing steadily over the past months. In order to recover this increase in cost, the undermentioned Lines have unanimously agreed to implement an Emergency Bunker Surcharge of US$5O.OO oer 20'/US$ 100.00 per 40'. This shall take
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