The Business Times, 21 September 1999

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Total Pages: 42
1 42 The Business Times
  • 12 1 THE BUSINESS TIMES »UTA(l>«tra!!»r-. 85c SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, SEPTEMBER 21, 1999
    12 words
  • 66 1 □sit *****3 (-9.01) Bt-SBI 80M6 (-1.84) IT] SIMSCI FUTURES 11 mm (-1.8O) MOOD: STOCK MA1XET DOHGES Monday Change KLSE COMP *****3 -168 NIKKEI 17,6 7616 +***** HANG SENG W.***** -1147 SET INDEX ***** -196 JAKARTA COMP —541M -169 MANILA COMP _i.l«.75 +1L87 TAIPEI WPI 7J7114 -44.79 SEOUL COMP
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  • 80 1 FOBEX BATES ust SI USS 1JM i t(US$/S$ per .617 1749 EURO(USS/SS per E) 1.044 L7M OM, 1*74 BJtf YEN 1V7J tf7t* KM tm 8.446 HKt 77M 1218 BAHT S9S8 9.M2 TOHAH 8J» 1021* -St toM unto mmmm SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.M BANGKOK 10.00 MANILA 11.00
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  • 966 1  -  Changes include easing chain If gtipg roles, letting foreign firms list on Sesdaq By' Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore (SES) has amended its Listing Manual in line with some of the key recommendations made by the Corporate Finance Committee (CFC). The changes
    966 words
  • 769 1  -  Move seen as power struggle between military and Habibie From\ Shoeb Kagda in Jakarta IN a blow to President B J Habibie's administration, economics tsar Ginandjar Kartasasmita and four other ministers effectively resigned from the Cabinet in what is
    769 words
  • 495 1  -  $95m deal comes with right to raise its stake to 42% By\ Eugene Low [SINGAPORE] French defence and electronics giant Thomson-CSF is taking control of Avimo Holdings in a deal that values the company at almost $400 million, a 57 per cent
    Source: Bloomberg  -  495 words
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  • SINGAPORE AT HOME & ABROAD
    • 479 2  -  It cats a quarter percentage point off fixed interest rates By\ Soh Tiang Keng COMPETITION in the housing loan market is hotting up with United Overseas Bank (UOB) announcing three improved home loan packages yesterday. Following in the footsteps
      479 words
    • 443 2  -  ASIA-PACIFIC REAL ESTATE CONFERENCE By < Carol Eng HONG Leong group chairman Kwek Leng Beng yesterday called for more "flexibility" for office space in Singapore or the technological revolution may result in "empty containers in the sky". Over the last few years,
      443 words
    • 210 2 MILLENNIUM Copthorne chairman Kwek Leng Beng yesterday declared that he could make recently-acquired hotels in the US perform "very well". Speaking on the sidelines of the Asia-Pacific Real Estate Congress, Mr Kwek brushed aside some analysts' concern that M&C's US$725 million (Ssl.2 billion) purchase
      210 words
    • 222 2  -  By] Raju Chellam INDIVIDUALS looking at selling or buying new or used items can now do so at Yahoo!'s Singapore auction Web site. Surfers can now browse, bid or buy items in over 1,000 categories, including toys, antiques, computers, software, electronics and cameras.
      222 words
    • 266 2  -  EYE ON THE ECONOMY Industry By] Marissa Chew THE volume of outgoing international telephone calls just keeps climbing. Last month, it went up 16.3 per cent to 72.6 million minutes from 62.4 million minutes in August last year. Month-to-month, however, volume fell 1.4 per
      Source: SingTel  -  266 words
    • 551 2  -  Nine terrace houses in Katong area also put np for tender By, Ang Wan May OWNERS of five apartment blocks have put up their properties for collective sale the largest of which is the 28-unit Lengkong Apartments in Kembangan. The 54,410
      551 words
    • 434 2  -  It plans to tap banks, institutional investors By i Catherine Ong SINGAPORE Cable Vision (SCV), the Republic's sole cable TV operator, is raising $440 million through three facilities, including a maiden bond issue, to fund expansion in new businesses, sources said. The facilities
      434 words
    • 639 2  -  MAILBOX Mak Yuen Teen Singapore via Internet I REFER to the letter "Censors consider context" from Angeline Yap of the Films and Publications Department (BT, Sept 18) which was in response to my previous letter on the censorship of DVDs in Singapore. I would
      639 words
    • 532 3  -  Electronics exports up mere 1.6%, could be negative in Sept By Audrey Tan SINGAPORE'S electronicsled export rebound exhibited signs of weakness yesterday, with a set of disappointing August trade numbers showing double-digit drops in some electronics segments. Economists say that if these trends persist,
      Source: EDS  -  532 words
    • 335 3 STARHUB, Singapore's newest info-communications service provider, has secured a two-year contract to provide payphone equipment and services to Changi Airport and Seletar Airport. The contract from the Civil Aviation Authority of Singapore covers half the number of payphone sites at the two
      335 words
    • 358 3  -  Foreign talent helps local firms'compete globally: Boon Heng By: Eugene Low FOREIGN talent enables local companies to compete on a global scale and helps to enlarge Singapore's economic pie, said Lim Boon Heng, sec-retary-general of the National Trades Union Congress. Speaking at a
      FILE PHOTO  -  358 words
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  • Page 3 Advertisements
    • 117 3 There're many ways I to treasure your ■■■VI memories IS I iTiM Rhema provides liftvan storage X L 7 8 for personal effects you have no iti.f IMm 1 use for at the moment and do not wish to discard for sentimental or «SI9 I other reasons wdS^jSw 1 I
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    • 211 3 I I BHhI If 11 9HB|B9QP SO YOU CAN GET THE KjmM^^MOST OUT OF YOUR UNIT TRUST INVESTMENTS. Now you con enjoy maximum returns from /f~ prospectuses and the investment scope up q QCCOunt your unit trust investments with minimum f i\ of various funds. Investors can also track high
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  • FOCUS: PROPERTY
    • 170 4 [SINGAPORE] The developers of a freehold condominium project in Toronto called The Maxus are in town this week to launch the property, which is located in the exclusive Yorkville district. The Shui Pong group is holding an exhibition at the
      170 words
    • 609 5  -  THE PROPERTY COLUMN A bad property Investment could be worse than a bad investment in shares By Lee Han Shih HAVING announced that the rules on using CPF money to invest in shares will be amended, will the government also change the rules on
      609 words
  • Page 4 Advertisements
    • 448 4 PRIME INDUSTRIAL FACTORY FOR SALE 1) Address 57 Senoko Drive Description 5 blocks of purpose-built office, factory and warehouse Land Area 28,989 sqm Gross Floor Area Approx. 22,006 sqm Tenure :JTC Leasehold 30+30 years wef 01 February 1982 2) Address 24 Senoko Drive Description :2 blocks of purpose-built office, factory
      448 words
    • 406 4 www.CQValue.com.sg Access to Property Valuations Buying or selling a property? Valuing a property for loan or collateral purposes? Log on to CQValue at www.CQValue.com.sg, the on-line valuation service that works for you 24-hours a day Let's face it, property transactions are time-sensitive, and the faster you get your information, the
      406 words
    • 338 4 For Sale By Tender FOUR CHAIN HOTEL GUILLEMARD HOTELI 757 Geylang Road 50 Lorong 18Geylang Part 2-storey with an Attic and Part 4/ Part 8-storey Part4-storey 125 guestrooms •51 guest rooms one restaurant Near business district major Walking distance to MRT station expressway Wide Prominent Frontage, About 4-year old, Freehold
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  • Page 5 Advertisements
    • 457 5 RESIDENTIAL DEVELOPMENT SITE Invitation For Tender Property Goldenhill Condominium 11 II Location Mei Hwan View J (offLorChuan) f J=EL I Land Area 24,339.6 sqm lmM n 261,991 sq ft )J Tenure Freehold /J Planning "Residential" Zoning Parameters 2.1 Plot Ratio* mSHmSI/ 20 storeys PROPERTY^*?// Description Large pool of HDB upgraders
      457 words

  • ASIA ON THE MEND
    • 812 6  -  Govt leaders had predicted 8% growth only a week ago; bank loans key drag From, Harish Mehta in Bangkok A WEEK after Thai leaders predicted 8 per cent growth for the second quarter, the government shocked markets yesterday when it reported
      812 words
    • 712 6  -  TEN WATCH From I Larry Wee, Anthony Rowley in Tokyo THE yen eased further yesterday amid rising expectations that the Japanese central bank will embark on fresh monetary easing after its policy board meets today. Traders, however, are sceptical about the
      REUTERS; Source: Reuters  -  712 words
    • 419 6 It conld hurt recovery, send share prices tumbling Reuters [TOKYO] "Laid low by the high yen." It's hardly the political epitaph Japanese Prime Minister Keizo Obuchi has in mind. But unless a reluctant Bank of Japan (BOJ) eases its hyper-loose
      Reuters  -  419 words
    • 331 6 Restructuring will pay off; stronger exports expected Reuters [SEOUL] South Korean stocks are poised to benefit next year from steady economic advance and returning financial stability, analysts said in a Reuters survey published yesterday. They saw the yen's strength against the dollar
      Reuters  -  331 words
    • 243 6 Bloomberg [SEOUL] South Korea said it will sell as much as 5 trillion won (517.06 billion) in domestic bonds next year to buy US dollars on the local currency market, in a bid to rein in a strengthening won and
      Bloomberg  -  243 words
  • Page 6 Advertisements
    • 159 6 Buy an HP LaserJet 3100 and you could walk away with a Full refund!* T To celebrate the 15th Anniversary of HP LaserJets, 15 lucky customers jk will receive a full refund when they purchase an HP LaserJet 3100 Works as a stand-alone fax and copier (even without a PO
      159 words

  • CRISIS IN INDONESIA
    • 544 7 Economic programmes delayed because of these two issues AFP [JAKARTA] Indonesia's economic tsars conceded yesterday that the Bank Bali scandal and the violence in East Timor had dealt "a temporary setback" to economic recovery and undermined financial markets. The Bank Bali case has
      AFP  -  544 words
    • 317 7 Chief denies reports of bribes to slow down investigations Reuters, AFX-Asia, Bloomberg [JAKARTA] A special team set up by Indonesia's Parliament to investigate a smouldering banking scandal said yesterday it was "90 per cent sure" it could finish the probe
      Reuters,; AFX-Asia,; Bloomberg  -  317 words
    • 133 7 AFP [JAKARTA] The arrival of the UN-authorised peacekeeping force in East Timor should help lessen selling pressure on the rupiah, central Bank Indonesia Governor Sjahril Sabirin said yesterday. "The entry of the UN peacekeepers should be better for the rupiah," Mr Sabirin said, after the
      AFP  -  133 words
    • 180 7 AFX-Asia (JAKARTA] Ruling Golkar party chairman Akbar Tanjung said the party will retain President B J Habibie as its candidate for the presidential poll in November. "We still nominate Habibie. We do not have any plan to replace him but we will closely observe
      AFX-Asia  -  180 words
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  • CHINA – HONGKONG – TAIWAN
    • 495 8  -  Bat there are more vacancies than job seekers registered with Labour Dept From Quak Hiang Whai in Hongkong HONGKONG'S jobless rate reversed its downward trend when the figure for the JuneAugust period rose marginally to 6.1 per cent. But the good news is
      FILE PHOTO  -  495 words
    • 291 8 mHONGKONG AFP THE number of Internet users making purchases online in Hongkong increased by half in the past 12 months, a government official said yesterday. Information Technology and Broadcasting Secretary KC Kwong also released estimates predicting that the total value of products
      AFP  -  291 words
    • SINO Briefs
      • 95 8 AFX-Asia [HONGKONG] The Exchange Fund Investment Ltd has not yet finalised a timetable or prices for its planned sale of the government's shareholdings in Hongkong blue chips, Efll spokesman Kent Chen said. "We are still preparing for the launch of the fund and considering
        AFX-Asia  -  95 words
      • 100 8 AFX-Asia [SHANGHAI] China will invest 34.3 billion yuan (Ss7 billion) of the proceeds of its recent 60 billion yuan treasury bond issue in infrastructure projects, while 15.3 billion yuan will be invested in technology reforms for state enterprises and 6.7 billion yuan in
        AFX-Asia  -  100 words
      • 42 8 Bridge News [TAIPEI] There are too many domestic banks and mergers need to be carried out among them, Taiwan's Central Bank of China governor Perng Fai-nan said, the Chinese-language United Evening News reported yesterday. Bridge News
        Bridge News  -  42 words
    • 217 8 HONGKONG Debate on extent to which firms should be sold, restructured AFX-Asia MEMBERS of the Communist Party Central Committee are locked in a fierce debate on the extent to which stateowned enterprises (SOEs) should be restructured or sold, the South China Morning Post
      AFX-Asia  -  217 words
    • 485 9 TAIPEI Main worries are US economy, fresh friction with China, presidential election Reuters TAIWAN stocks will trend higher in 1999 and retake the 10,000-point milestone in 2000 as a gathering recovery boosts corporate earnings and the island's magnetism for foreign funds,
      Reuters  -  485 words
    • 65 9 [BEIJING] A Chinese worker putting thefinishing touches yesterday on a float with a revolutionary theme to be used in a massive National Day parade. China's National Day and the 50th anniversary of the founding of the People's Republic of China will be celebrated on Oct 1 with
      REUTERS  -  65 words
    • 192 9 SHANGHAI There could be more investment avenues by end-2002: report Reuters CHINA'S lawmakers are moving ahead with the drafting of an investment fund law that could give people more avenues of investment by the end of 2002, the official Shanghai Securities News said
      Reuters  -  192 words
    • 550 9 SINGAPORE Protection will allow firms to restructure, analysts say Reuters CHINA'S oil policy is becoming more liberal but is expected to remain protective of the profitability of the country's two oil majors in the years ahead, analysts said. China National Petroleum Corp (CNPC)
      Reuters  -  550 words
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  • Page 9 Advertisements
    • 60 9 I i At Deutsche Bank we are uniquely positioned to support our clients in markets around the globe. Our worldwide network gives us a powerful platform allowing us to deliver superior results. Local strength and expertise backed by the resources of an integrated global organisation another reason why leading to
      60 words

  • ASIA
    • 490 10 SEOUL Sale of controlling stake could help money manager weather cash crunch expected in Nov Bloomberg, Reuters KOREA Investment Trust Co, South Korea's second biggest money manager, said it's seeking to sell a controlling stake to foreign investors for as
      Bloomberg,; Reuters; REUTERS  -  490 words
    • 374 10 HONGKONG It needs cash to set aside more funds for risky loans Bloomberg KOREA Exchange Bank, South Korea's fourth-largest commercial lender, began trying to persuade investors to buy up to US$l billion (Ssl.7 billion) of its shares, days after Hyundai Motor
      Bloomberg  -  374 words
    • 133 10 NEW DELHI Reuters RISING salary levels in India's computer software sector threaten to erode the country's traditional competitive advantage, the Economic Times newspaper said yesterday. "A study by the Economic Times Research Bureau reveals that employee costs for a sample of top 30 listed
      Reuters  -  133 words
    • 259 10 SEOUL Seoul firmly committed to corporate reforms Reuters SOUTH Korean President Kim Dae Jung said yesterday the country's economy would grow by 5 to 6 per cent in 2000 and that there would be no backpedalLing on corporate reform. Mr Kim, speaking
      Reuters  -  259 words
    • 350 11 TOKYO Japan firms' 113.8b yen investment now worth 5b yen; Tokyo staff to be sacked AFP CRESVALE International Ltd said yesterday all staff in Tokyo would be sacked and it would likely have to close down its securities business after a scandal
      AFP; REUTERS  -  350 words
    • 633 11 TOKYO Concern that changes will lead to massive bond supply Reuters JAPANESE reforms aimed at making hundreds of semipublic corporations more efficient and accountable will almost inevitably cause interest rates to rise, according to analysts. Bond investors are worried that reform
      Reuters  -  633 words
    • 264 11 TOKYO Private equity gronp strongest candidate in final talks on sale of collapsed bank AFP JAPAN'S banking crisis manager yesterday told the prime minister that US private equity group Ripplewood Holdings is likely to buy the collapsed Long-Term Credit Bank of
      AFP  -  264 words
    • 251 11 BOMBAY Reuters THE Indian government must give up majority stakes in the country's state-run banks and encourage mergers between them, an idealogue of the Bharatiya Janata Party (BJP) told The Economic Times newspaper yesterday. "We believe that the government should
      Reuters  -  251 words
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  • THE WORLD
    • 411 12 FRANKFURT Corporate sentiment gets boost from rising exports, weak euro: economists Reuters GERMANY'S closely watched Ifo business climate index is expected to have risen in August to its highest level in a year confirming an improved growth outlook for Europe's biggest economy. Analysts polled
      Reuters  -  411 words
    • WORLD Watch
      • 105 12 Reuters [BRUSSELS] European Union officials yesterday welcomed a decision by a World Trade Organisation (WTO) dispute panel which they said found that a US tax scheme for exporters violates world trade rules. EU sources said the panel's confidential final report, sent to Brussels and
        Reuters  -  105 words
      • 69 12 Reuters [MUENSTER, Germany] Ralsa Gorbachev, who brought glamour and controversy to the Kremlin when her husband ruled the Soviet Union, died of leukaemia yesterday in a German hospital. She was 67. Mikhail Gorbachev was by her side when she finally lost her long battle with
        Reuters  -  69 words
      • 94 12 Bloomberg [STOCKHOLM) The Swedish economy is expanding faster than previously thought, allowing the government to plan the biggest income tax cut in almost a decade, the finance ministry said yesterday. The largest economy in the Nordic region is likely to expand 3.6 per cent
        Bloomberg  -  94 words
    • 412 12 ÜBERLIN Reuters GERMAN Chancellor Gerhard Schroeder's Social Democrats yesterday pledged to back his unpopular austerity programme despite suffering their worst regional election defeat since World War n in Saxony. Capitalising on voters' hostility to the reforms, the conservative CDU opposition was returned to government
      Reuters  -  412 words
    • 77 12 [SCHEVENINGEN] A Dutch mounted honour guard guiding his horse through thick smoke as part of general rehearsal for today's presentation of the Dutch State Budget at Scheveningen beach. The horses are exposed to explosions, smoke bombs and gunfire for an hour. Queen Beatrix
      REUTERS  -  77 words
    • 245 12 LONDON Reuters BRITAIN should have an ample stock of banknotes and coins to tide it over the extended millennium holiday, the Bank of England (BOE) said yesterday when announcing a technical measure to help ensure such an outcome. Lan Plenderleith, BOE
      Reuters  -  245 words
    • 296 12 LONDON FT PRIVATE capital flows to emerging markets will be put at risk by the International Monetary Fund's (IMF) decision to allow Ecuador to default on its bonds, said Nicholas Brady, former US Treasury secretary. Mr Brady said the IMF was "playing with
      FT  -  296 words
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  • EDITORIAL & OPINION
    • 731 13  -  THE BOTTOM LINE OPINION By Rajendra Bajpai The writer is a New Delhi-based journalist who contributed this article to BT A COSTLY armed conflict between India and Pakistan in northern Kashmir has turned into a political bonanza for Prime Minister Atal Bihari Vajpayee's National
      731 words
    • 149 13 'It will be like Somalia. It's more than Somalia I know my people. They are angry.' Abdurrahman Wahid head of Nadhlatul Ulama (NU), Indonesia's largest Muslim organisation, predicting that Australian soldiers will go home in body bags from the peacekeeping venture in East Timor 'I don't see
      149 words
    • 594 13 EDITORIAL WHILE there has been much talk in recent months of a return to growth in Asia, government officials seemed a lot more cautious —until the 21 leaders of the Asia Pacific Economic Cooperation (Apec) forum met for their seventh summit in Auckland recently. In
      594 words
    • 1034 13 Do today's new technologies call for an entirely new economics that can cope with pervasive externalities and increasing returns? The Economist TWO sorts of claim are made about the "new economy". The first says that technology is spurring growth so dramatically that old
      The Economist; FILE PHOTO  -  1,034 words
    • 1036 13 Bvw mora pvwwful IF the bill on state security currently being debated in the House of Representatives is seen as a test of wills for the country's reform leaders, then they have let their supporters down. All indications are that the House will endorse the bill
      1,036 words

  • EXECUTIVE LIFESTYLE
    • 1056 14  -  Networks are adding more non-whites to their programmes, says besmardweimbaub BERNARD WEINRAUB NYT The West Wing a new and highly anticipated NBC dramatic series about the White House, had a problem. The pilot episode was notable —and strongly criticised for the absence of any minority
      NYT; FILE PHOTOS  -  1,056 words
    • 479 15 Britons order twice as much Indian take-home as they do the English favourite, fish and chips NYT [LONDON] The air on narrow, bustling Brick Lane is perfumed with a piquant potpourri of garlic, curry and coriander. Outside the Victorian-era store fronts in this funky East
      NYT; FILE PHOTO  -  479 words
  • Page 14 Advertisements
    • 184 14 ■roffivsfl SPECIAL FEATURE OCTOBER 19, 1999 LOAD UP WITH VALUABLE SALES LEADS The shipping industry is steaming full speed ahead into the new millennium. Container volume and port calls are up and still increasing steadily. Against this exciting backdrop, The sth Pan-Asian Container Shipping, Ports and B Transport Event will
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    • 8 14 E>day anhelaobao SIMEXBft 3E±E mnzm mm mmsmm «3E*WS»
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  • Page 15 Advertisements
    • 247 15 Where to wine, dine and entertain..." (®££sSSr C r^c^Z^lb\ e "Shang yue" this Mid Autumn Festival with Plaza Rirkroyal's delicious mooncakes available at Cafe Plaza or Si Chuan Dou Hua Seafood Restaurant. Mooncakes Lotus Seed Paste (Plain) $22 Lotus Seed Paste (Single Ets Yolk) #25 Lotus Seed Paste (Double Egg
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    • 46 15 i 1 Q OfX 1 HOTEL QRANO CENTRAL LIMITED 22 Orchard Road/Cavenagh Road. Singapore *****7 Tat: 737 9644 Ext 40CV02 Fax: 733 3175 I Mon to Fri Lunch Dinner Sat Dinner only J Sun A Pub. Holidays closed Free valet parking available daily, from 7pm onwards.
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    • 37 15 A MID-AUTUMN CELEBRATION WITH OUR MANDARIN MILLENNIUM MOONCAKES 27 August to 24 September 1999 Telephone Hotline: 835 4220 1 4nwi9bniiH Htirukirin QQ Singapore —i 13 Orchard Road Singapore 2 ***** v.;rrr w 737 4411 ft*. 7n 21*1
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  • Page 15 Miscellaneous
    • 1084 15 CRYPTIC CROSSWORD 31 Led off for grabbing cash, so scared (8) of help (7) YESTERDAY'S SOLUTION DOWN 14 Rally servicemen deal with (7) rA y 1 Far from happy if nothing's 17 View? Some hope! (8) aMoURy i MnMiMeUa put into code (6) 18 Compromise with the aim to c^uf^D^i|ojo[qs|H|A|H|pj
      1,084 words

  • KNOWLEDGE ECONOMY
    • 1387 16  -  Chief knowledge officers are helping firms focus on relevant knowledge, turning them into knowledge-creating and sharing organisations By. Anna Teo [SINGAPORE] IT'S no surprise that six in 10 corporate chiefs in the World Economic Forum's 1998 CEO survey said knowledge management (KM) was "absolutely critical"
      CHRIS LOH  -  1,387 words
    • 297 16 A company's ability to transfer knowledge can be a tool to motivate staff SOME organisations have a "constitutional inability" to make knowledge management (KM) work. The main reason for this is either that the need to manage knowledge is not clearly articulated or there
      297 words
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  • COMPANIES & MARKETS
    • 562 17  -  Bank will manage exposure to scheme to miwimigA risk to shareholders By Wong Wei Kong (SINGAPORE) Interest rates in Singapore can only go higher but OCBC Bank can manage its exposure to its fixed-rate housing loans with minimal risk, vice-chairman and chief executive Alex Au
      562 words
    • 437 17  -  Residential projects at Tomlinson Rd and BokitTimahwill offer 472 units By\ Kalpana Rashiwala [SINGAPORE] Wing Tai Holdings, which releases its full-year results today, is preparing to market two freehold residential projects one on the Tomlinson Mansion site and the other on the
      ARTHUR LEE  -  437 words
    • 776 17  -  HOCK LOCK SIEW Siow Li Sen IT looks like United Overseas Bank (UOB) is still very much the flavour of the month among Singapore's five listed banks. Investor interest has been sustained in part, no doubt, by the slow unfolding of its
      776 words
    • 266 17 AFX-Asia [SINGAPORE] Analysts said they have upgraded their full year net profit forecasts for Venture Manufacturing Ltd to between $90 million to $95.1 million after the contract manufacturer reported a 65.6 per cent rise in interim net profit to $36.70 million, analysts
      AFX-Asia  -  266 words
    • 141 17 [SINGAPORE] Inno-Pacific Holdings yesterday told the stock exchange that it is not aware of any price-sensitive information that could have contributed to the heavy trading of its shares last Friday and yesterday. At the same time, it notified the exchange that Tong Keng Meng
      141 words
    • COMPANIES
      • 461 18  -  MEW LISTINGS IPO to raise USss.6m; placement, reserved shares of 33 US cents each fully taken np By: Marissa Chew [SINGAPORE] Fastech Synergy will sell eight million shares to the public at 56 cents each in an initial public offer
        FILE PHOTO  -  461 words
      • 256 18  -  By\ Eugene Low [SINGAPORE] Local compact disc maker Eastgate Technology, which received in-princi-ple approval for a main board listing last week, plans to use the proceeds of its initial public offer to expand its local and Hongkong manufacturing operations. Eastgate
        256 words
      • 168 18 [SINGAPORE] Hotung Investments yesterday signed a private placement with Daiwa Singapore to place out 80 million new shares at U550.3719 each, which is a discount of 9.61 per cent on the weighted average price for trades done yesterday. The net proceeds of US$29.l
        168 words
      • 443 18  -  Analysts Stock has medium-term fair valne of 38-40 cents By. Andrea Tan (SINGAPORE] The shares of education provider TMC International Holdings are likely to see a five to 10-cent rise over its initial offer price of 29 cents next Monday,
        443 words
      • 404 18  -  It's paying Sim to raise its stake in a Gnangzhon plant from 30% to 51% By, Jennifer Lien (SINGAPORE] Precision plastics manufacturer First Engineering, which is boosting its stake in a Guangzhou plant from 30 per cent to 51 per cent,
        404 words
      • 209 18 AFX-Asia [SINGAPORE] Engineering services and trading company Rotary Engineering Ltd reported a 9.8 per cent rise in net profit for the first half which saw lower sales. Net profit rose to $3.34 million from $3.04 million in the comparable period
        AFX-Asia  -  209 words
      • 208 18 [SINGAPORE] IPC Corp has signed a deal with a US-based Internet company to offer software applications to small and medium-sized businesses over the Internet. It yesterday said it had won a franchise from ASPOne Inc, a newly-formed subsidiary of France's Prologue Software,
        208 words
      • 129 18 As of yesterday, 170 SES-listed companies had released their financial results for the six months ended June 30.1999. They recorded a combined $4,194.9m in group profits, up 53.6% over the same period last year. The total included 19 foreign companies listed here. If they were excluded, total profits
        129 words
      • COMPANY Briefs
        • 32 18 [SINGAPORE] Asian Micro, a Sesdaq-bound electronics manufacturer, saw its public offer tranche of 5.3 million shares subscribed 250.9 times by the close of the offer yesterday.
          32 words
        • 87 18 [SINGAPORE] Penguin Boat International is acquiring all the businesses of Auto Batam as a going concern for $28.5 million. Auto Batam and its subsidiaries are involved in the business of tourist and travel services, the operation of passenger ferry services and the handling of
          87 words
        • 101 18 [SINGAPORE] National Kap narrowed its interim loss from $1.7 million last year to $173,000 for the half-year ended June 30. The company also booked an extraordinary loss of $327,000 in cessation expenses for various businesses, resulting in a bottomline loss of $500,000. Although turnover fell
          101 words
        • 73 18 [SINGAPORE] Singapore Telecom's wholly-owned subsidiary Sing Tel Ventures (Singapore) Pte Ltd has subscribed for 1.43 million preferred shares of 10 cents each in the capital of Hospitality City Pte Ltd (Hospitality City), representing a 25 per cent interest Hospitality City, which is incorporated in
          73 words
        • 94 18 [KUALA LUMPUR] In response to media reports, KFC Holdings (Malaysia) Bhd has clarified that the franchises it operates under are not held by its substantial shareholder, Punca Ibarat. The KFC franchises for Malaysia and Brunei are held by itself, while the Pizza Hut franchise
          94 words
        • 46 18 [SINGAPORE] Ng Kok Heng, chairman of Uraco Holdings, sold three million of his shares in the group for 40.5 cents a share last Friday. He now holds 33.9 million Uraco shares, representing a 9.6 per cent stake in the group.
          46 words
        • 45 18 [SINGAPORE] The Capital Group Companies Inc sold 66,000 ST Engineering shares last Friday at an average price of $2.1715 a share. This brings its stake from 206,942,841 shares, or 7.3 per cent, to 206,877,841 shares, or 7.29 per cent.
          45 words
    • REGIONAL COMPANIES
      • 390 19 Move will allow Standard Chartered Nakornthon Bank to retain SET listing Bridge News [BANGKOK] Thai-based and UK-backed Standard Chartered Nakornthon Bank Pic's (SCNB) board of directors approved a plan on Friday to raise its registered capital, a move necessary to maintain its listing
        Bridge News  -  390 words
      • COMPANY Briefs
        • 104 19 Bloomberg [BELLEVUE, Washington] Voice Stream Wireless Corp is close to acquiring Aerial Communications for US$3 billion (Sss.l billion), the Wall Street Journal Interactive Edition reported, citing a person familiar with the agreement. Voice Stream, which provides wireless phone service in the western US, is
          Bloomberg  -  104 words
        • 57 19 AFX-Asia [HONGKONG] Theme International Holdings said it has not yet received a concrete takeover proposal from Giordano International Ltd. It said the company is also exploring restructuring proposals with two other parties and talks are at a preliminary stage. No agreement has been
          AFX-Asia  -  57 words
        • 59 19 Reuters [PARIS] Defosses International, the media division of luxury goods group LVMH, yesterday said it had bought a 20 per cent stake in British Video Networks Ltd. The acquisition took place via a capital increase of £20 million (5554.8 million) in the British
          Reuters  -  59 words
        • 56 19 Reuters [WELLINGTON] New Zealand's Todd Capital yesterday said it wanted to buy up to 35 per cent of Metropolitan Lifecare Group after earlier completing the purchase of just under 20 per cent of the firm in a mixture of on and off-market
          Reuters  -  56 words
      • 275 19 AFX-Asia [HONGKONG] Sino Land Co Ltd is expected today to report a year-to-June net profit of HK$l.3 billion to HK$l.44 billion (Ss2B4 million to Ss3l4 million), up from HK5908.68 million the previous year, according to analysts' forecasts. The profit rise will
        AFX-Asia  -  275 words
      • 137 19 Reuters (KUALA LUMPUR] Malaysia's RHB Bank Bhd said yesterday that its executive director Abdul Murad Khalid has resigned, effective immediately. It gave no reasons for the departure of Murad, appointed to the post in February as a nominee of bank recapitalisation agency Danamodal
        Reuters  -  137 words
      • 347 19 It says sale won't add to recent losses on investments Bloomberg [WELLINGTON] Brierley Investments Ltd said it plans to quit its interest in Asian property investor Seabil Pacific Ltd by year-end in a sale. that won't add to the investment
        Bloomberg  -  347 words
      • 169 19 AFP [BEIJING] The Coca-Cola Co opened a US$3B million (5564.4 million) extension to its Beijing bottling plant yesterday as it set out to increase its 33 per cent share of soft drink sales in China. "Throughout the last two decades, Coca-Cola has become
        AFP  -  169 words
      • 273 19 Bloomberg [BANGKOK] KR Precision Pel, Thailand's biggest maker of components for computer disk drives, said it plans to raise 1.08 billion baht (5545.8 million) by selling shares to shareholders and a foreign fund to help pay debt and invest in new products.
        Bloomberg  -  273 words
    • INTERNATIONAL COMPANIES
      • 86 21 [NEW YORK] Sumner Redstone (filephoto, above), 76, the chairman of Viacom, which owns Blockbuster video stores, MTV and Paramount Studios is being sued for divorce by his wife Phyllis Redstone for US$3 billion (555.08 billion), her attorney said on Sunday. It is the biggest divorce claim in
        REUTERS  -  86 words
      • 435 21 Disposal of leading electricity producer in north-east US conld raise np to USssb, say analysts FT {PARIS] Vivendi, the French environmental services and communications group, has put Sithe, its electricity production arm, under strategic review in a move that may lead to
        FT  -  435 words
      • 450 21 Move will create world's largest high-performance plastics maker Bloomberg [PARIS] Norton Co, a unit of France's Cie de Saint Gobain SA, will buy Furon Co, a US maker of plastics and polymers, for US$6l7 million (551.05 billion), creating the world's largest
        Bloomberg  -  450 words
      • 455 21 Bloomberg [AMSTERDAM] ING Groep NV said it's reorganising its European, North American and Asian activities into regional divisions that will help spur the biggest Dutch finan-cial-services company's expansion. The new European division will be created early next year and be headed by Michel Tilmant and Hessel
        Bloomberg  -  455 words
      • 350 21 AFP [TOKYO] The Tokyo District Court ordered a low-cost Japanese maker yesterday to stop producing and selling personal computers resembling the hit model iMac of the US Apple Computer Corp. The court issued an injunction to prevent SOTEC Co Ltd of
        AFP  -  350 words
      • 134 21 Bloomberg [ESSEN, Germany] Hochtief AG, Germany's biggest builder by market value, said shareholders of Turner Corp have tendered 91 per cent of their shares in its US$37O million (*****.2 million) acquisition of the US construction company. Hochtief said last month it would
        Bloomberg  -  134 words
    • COMPANIES, FINANCE & COMMODITIES
      • 534 22 Other plans likely to emphasise M'soft's new focus as Web software supplier NYT [NEW YORK] Microsoft Corp's plans for the Internet have shifted uncertainly in recent years, but a series of announcements expected this week is intended to emphasise its new, narrower
        NYT  -  534 words
      • 445 22 Deal will create top global marine power equipment maker Bloomberg [LONDON] Rolls-Royce Pic, which makes engines for planes, ships and powerplants, offered to buy Vickers Pic for £576 million (Ssl.6 billion), to double its marine power sales. The cash offer values each Vickers share
        Bloomberg  -  445 words
      • 466 22 Reuters [LONDON] London stockbrokers woke up to the reality of an earlier market start yesterday as the UK stock market harmonised its opening with Frankfurt and Paris, bringing forward the start of trading by one hour. The British market's opening moves forward one
        Reuters; FILE PHOTO  -  466 words
      • 388 22 Bat sustained oil price rises could hurt consumers and Opec Reuters [VIENNA] The Organisation of the Petroleum Exporting Countries (Opec) may no longer be the beast that shook the West in the 1970s by quadrupling the price of oil. But behaving again like a real
        Reuters  -  388 words
    • FINANCE & COMMODITIES
      • 253 23  -  g T! X Reports SISCI Singapore Index Daphne Tay, Jardine Fleming BOTH the Singapore stock and futures markets began the week on a positive note but were knocked down when news of lower-than-expected non-oU domestic export data hit the market at mid-day. Figures released
        253 words
      • 170 23  -  MS& Taiwan fatnros Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures posted a marginal gain in a quiet session yesterday as investors could hardly find any clue to determine the market's directions. Market sentiment was very cautious also because of the long
        170 words
      • 258 23 ENERGY REPORT Bloomberg [NEW YORK] Crude oil feU almost 2 per cent, its first drop in four sessions, on expectations that Opec will do little to change production levels at a meeting this week. The Organisation of Petroleum Exporting Countries will meet
        Bloomberg  -  258 words
      • 353 23 Reuters, AFP London THE yen reversed its earlier losses against the US dollar and the euro yesterday afternoon as the market was swept by doubts about whether the Bank of Japan would ease its credit policy. The yen was initially dragged lower in Asia on the prospect of
        Reuters,; AFP  -  353 words
      • Article, Illustration
        1259 23 LPiERBAjiK Cit OSS RATisa Sep 2 *S C$ «wb Eiro Ffr Dw HK$ Ind to h+* Yw Wow HI W2$ Prt Ptao S$ Umt Sir WT$ tolK NwJ US$ Australia 0.950 6.178 0418 4.055 1209 5.009 28.068 511% 0.696 7.745 2.451 1234 33.405 25.887 1094 3.927 0.992 20.514 25.784 0498
        1,259 words
      • 1835 23 jjOOM FUTURES Sep 20 RUBKR (futures dostaqu at SJOpa) RSS1 CONTRACTS centsAfl) CtOM VotWM OpOfl Mitt Wqk Low Sott (tonnos) Intamt Oct 99 96.00 1200 Mov 99 99.50 300 Ok 99 102.50 200 Jan/Mar 00 107.25 300 Apr/Jw 00 m.25 Jul/Sep 00 114.25 RSS 3 CONTRACT (US cants/kg) VoftMM Open
        1,835 words
    • Article, Illustration
      1464 24 Reuters C 3 Hang Seng -12.47 HONGKONG stocks finished lower yesterday, with blue chips largely declining or sidelined as investors sought out technology stocks. The Hang Seng Index closed down 12.47 points or 0.09 per cent at 13,472.37. Turnover was HK510.63 billion, down from HK$lO.B7 billion on Friday. Declines
      Reuters  -  1,464 words
    • Article, Illustration
      566 24 Reuters n Shenzhen Blndex -0.72 SHENZHEN'S B shares closed lower yesterday, extending weeks of weakness caused by tense ties between Beijing and Taiwan and an absence of government measures to boost the market. The B Share Index slipped 0.72 points, or 0.80 per cent, to 89.14 on turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  566 words
    • 344 24 AFP QWP Index -44.79 TAIWAN share prices closed 0.6 per cent lower yesterday in thin trading as investors stayed on the sidelines ahead of the Moon Festival holiday, dealers said. The Weighted Price Index fell 44.79 points to 7,972.14 on a turnover of NT550.07 billion. It had risen 100.01
      AFP  -  344 words
    • 2263 24 LONDON Industrials ion nk *h 3i Group 8.01 -0.04 Aooey National 9.91 0.01 A B Foods 4.21 -0.02 A B Ports 3.10 unch AstraZeneca 25.00 0.57 Alliance Leicester 7.85 -0.14 Allied Domecq. 3.52 -0.03 Allied Zurich 7.11 -0.05 Anglo American Cold 43.70 unch ASOA Croup 2.21 unch
      2,263 words
    • 1665 24 AFP Q Nikkei 225 *XOM SHARE prices in Tokyo rallied 1.3 per cent yesterday as the yen eased against the dollar amid growing prospects that the Bank of Japan would loosen its monetary grip, brokers said. The Nikkei-225 Average rose 232.99 points to finish at 17,575.26. "Investors were beginning
      AFP  -  1,665 words
    • KUALA LUMPUR STOCK MARKET
      • 8058 25 MOUSTMALS 1999 Last Day Net Cap High Law Company Saw OOP High Law P/t Smll 440 255 AjinomotO 316 20.1 128.1 174 46 Angkasa 101 -2 12 103 99 148.9 404 220 Apoilo Food Hlg 330 -4 17 330 328 11.5 132.0 294 115 Berjaya Land 192 -3 64 195
        8,058 words
      • 395 25 AFP, AFX-Asia P Composite Index -3.65 MALAYSIAN share prices ended 0.5 per cent lower yesterday amid renewed concerns over political stability following a weekend anti-government rally, dealers said. The KLSE Composite Index fell 3.65 points to finish at 710.03, but well off a sharp
        AFP,; AFX-Asia  -  395 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 182 26  -  WARRANT WATCH -By Ven Sreenivasan GP BATTERIES International warrants stood out in a lacklustre market yesterday, making it to the top percentage gainers' list with a jump of five cents to 83.5 cents on a volume of 13,000 units. Meanwhile, the underlying share was
        182 words
      • 215 26 HONOKONO STOCKS Gf Or 52-Wk Last V«i Day Last OuoO Mi Hi YN MM M Cap Law Stna Company Sa» COOP) Hfh L— Myaf Mir Cvr »/t jml 365 173 5123 COL (2000) HK 262.5 8 3.7 3 #.9 5193.4 5124 Cathay Pac 20t MK_ 720 265 2.1
        215 words
      • 2111 26 BONOS, LOANS ft WARRANTS m S2-WH Lait Vol Day La»t Oust* Avg HI* Lm Stno Company UH ♦f- COOP) High la» ""V"! 104 3 1 3160 A Acor ******1 US$ 43.5 -1.5 93 47 4L5 4L5 433 80 4.5 s 3164 Acma ******4 34.5 -2.5 10 34.5 34.5 33 35
        2,111 words
      • Article, Illustration
        705 26 n Composite Index -3J9 JAKARTA shares closed lower yesterday with most players waiting to see what happens in East Timor where a contingent of multinational troops arrived yesterday. Dealers said sentiment was weak and trade sluggish. The Jakarta Composite Index closed down 3.69 points, or 0.7 per cent, at
        705 words
      • Article, Illustration
        882 26 AFP □set Into -3J6 THAI stocks slipped 0.9 per cent yesterday after profittaking offset early gains and some investors kept their powder dry ahead of an expected growth forecast upgrade, dealers said. Some investors hoping for a spectacular economic recovery were disappointed by National Economic and Social Development Board
        AFP  -  882 words
      • 330 26 AFP F1 Manila 2L87 PHILIPPINE share prices closed one per cent higher yesterday. "There was selective buying mainly on blue chips," said Hardie Lipana of Guoco Securities. The Composite Index added 21.87 points to 2,105.75. A total of 461.42 million shares worth 3.3 billion pesos were traded from Friday's
        AFP  -  330 words
      • 422 26 AFP Composite Index +&A 8 SOUTH Korean share prices closed 0.9 per cent higher yesterday following moves to set up a bond market stabilisation fund and the sale of Korea First Bank to a US investment firm, dealers said. The Composite Index was up 8.68 points at 933.88. Volume
        AFP  -  422 words
      • 657 26 AFP Q All Ordinaries -7.4 AUSTRALIAN shares closed down 0.3 per cent yesterday with concerns over a possible hike in US interest rates and the weak greenback dominating sentiment, brokers said. The All Ordinaries Index ended down 7.4 points at 2.907.3. The All Industrials Index lost 13.3 points to
        AFP  -  657 words
      • 280 26 Reuters □Wellington ♦17J» NEW Zealand shares ended strongly but brokers said light volume had exaggerated many individual movements. The NZSE-40 Index ended 17.59 points higher at 2,110.80 after turnover worth NZ$67 million, about NZ$2O million of that from trade in takeover target Shortland. Reuters h»n u* roooi Advant aqa
        Reuters  -  280 words
    • 7173 27 Transaction dan-: Sqi 20 j Or Or M W1 92-Wk Last V* Day Last Ouata Otv M« YM Nat Cap Avg I*# Law StNa Campany Sala COOP) H>gl> Law Buyac laWar CVr Wl hi Ww MUTHWUSTIY 182 17.5 m b 1000 Acma 50c 119
      7,173 words
    • 1483 27 Or 6r M W1 W LMt Vol On LMt Om«i OK Dh VM M Cop Av* HN» La» WW Company 8ala COOOt L— Bwyor 8a8ar Cw wn 8m8 PrtCO 2*8 61 C 2049 'ASAuto 10c 168 cd -4 101 17} 167 167 170 10 N 0.6 191.8 *67 137
      1,483 words
    • STOCK EXCHANGE OF SINGAPORE
      • 392 28 Stocks Hkmm TiongWoon 10c 24,509,000 PCI 25C 20,607,000 liwo-Pac 20c 18,909.000 •Gentinq Int 18,112.000 Mentor Media M,211,000 ICT HKlOc 13,402,000 Golden Agri USIOc 13,029,000 International Press Softcom 12,716,000 Asia FoodiProp US$ 11,901,000 SingTel 15c 10,250,000 Stocks DBS 51.807.260 SU„ 38.541,200 OOB 33,085,800 SingTel 15c 30,514.070 SPH 20.033,534 PacificCentury 19,993,850 08S
        392 words
      • 638 28  -  STOCK MARKET COMMENTARY Funds dry np on worries of strong yen, US rate hike; retail investors selling to realise profits nnder CPF scheme By Ven Sreenivasan THE market languished in directionless trading yesterday as a strengthening Japanese yen
        638 words
      • ON THE GRAPEVINE
        • 100 28 SINGAPORE Airlines' posh First and Raffles class passengers will now be able to buy their tickets on the Internet, just as the Economy class customers can. But we suspect it might be easier if they just give their secretaries a holler. SQ-eTravel, as the
          100 words
        • 90 28 IT needs no gas or COE. But getting a driving licence may be a bit of a problem. The judicial managers of Tang Dynasty City in Jurong, beside having the usual task of finding new buyers for the money-losing theme park, have also got to find a home
          90 words
        • 126 28 IF the country were Singapore Inc as some have dubbed it Singapore would be among the most profitable companies in the world. For the financial year to March 31, 1999, Singapore Inc reported profit* defined as excess of receipts over outlays —of $17.06 billion, a touch lower
          126 words
        • 117 28 GOVERNMENT officials in Japan must be a busy lot these days. Apart from having to worry about how to tackle the soaring yen, an upcoming Group of Seven meeting and yet another fiscal stimulus package, they've got another issue to "come to grips" with: how
          117 words
      • Article, Illustration
        65 28  -  By Ven Sreenivasan CLOB-quoted Genting International is set to tread water at current levels for the near term. The RSI is neutral while the Stochastics do not suggest any directional changes. The counter has support at US 30 cents level but faces stiff upside resistance at 40 cents.
        65 words
  • Page 17 Advertisements
    • 99 17 I When the largest private issuer in Europe needed someone with the expertise to lead manage their first SGD bond issue, the choice was clear. DePfa wP Deutsche Pfandbrief Bank AG DePfa Deutsche Pfandbrief Bank AG S$ 100 9 000 v OOO Principal Amount of 4.75% Notes Due 2006 Lead
      99 words

  • Page 18 Advertisements
    • 186 18 ©Singapore Expo, Singapore ft jj 5 7 October 1999 \mr\ s X f N A 11 Fir*. Safely A ■MB !VJ| f\ 2=£ CD SHB CISCO > M "T* Naltoaal Flri Prtvealloa Slacapar* Civil Defc»« Astea Pr»frwU«»l Stearity C*«««il FtCtt i« 4 wi TAB JUSn »incA»ow Ai»una» Nallaaal Fire Pr#lccll«i
      186 words
    • 12 18 Sunday Classified at Clarke Quay f I catj&l Every Sunday, 9am spm
      12 words

  • Page 19 Advertisements
    • 92 19 FfISTECHM Fastech Synergy ltd I (Incorporated in Bermuda on 10 September 1999) I INITIAL PUBLIC OFFERING I OF 39,000,000 ORDINARY SHARES I AT US$O.33 FOR EACH PLACEMENT SHARE I 550.56 FOR EACH OFFER SHARE I Applications for shares under the public offer may be made by way of printed I
      92 words
    • 50 19 Daily to Switzerland and Europe. Travel, they used to say, frees the mind. It still can. So relax. Think your thoughts. And leave everything else to us. JHtJ Swissair. We care. swissaiv%7 4j<i On hard Road 018-(MAMA)f> WL%ma Atria. Singapore *****7. Tel: 737 8133 Fax: 737 3608 C i v
      50 words

  • Page 20 Advertisements
    • 783 20 AW i3#i 17 y O 0* *lf i-vi Ali aA > f y v r >*_ 4 x *#c v 5 v > i^a 1 Fly once. Fly free. 0 > f a World Perks, the global mileage program of Northwest Airlines and KLM Royal Dutch Airlines, is Asia Pacific's
      783 words

  • Page 21 Advertisements
    • 105 21 r~ Busy Executive f-Jazz Sunday Brunch: sammmmChicken .Schnitzel. Pork Knuckles. Nuremberg Sausages. Hungarian Guula.sh. Apple Slrutfel and more Garlic Bratwurst. free-flow beer Singapore's days of belt-tightening are over. ©I With prices like $14.50+++ for weekday lunch and $38+++ for Sunday brunch (including free-flow beer and live J jazz music), our
      105 words
    • 637 21 The New Landscape for t| Global Marketers by Professor Warren I. Keegan "The guru's guru on global marketing. His Insights Into what companies must do to succeed In the world of global competition are exceptionally dear and to the point." These are extraordinary times for global *Why do "successful" companies
      637 words

  • Page 22 Advertisements
    • 943 22 A (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at The Westin Plaza, Indiana Room, 4th Floor, 2 Stamford Road, Singapore *****2 on Thursday, 14 October 1999 at 10.00 a.m. for the
      943 words
    • 268 22 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full ftomihee, management, corporate secretarial and professional administration services are available. I We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.
      268 words


  • Page 24 Advertisements




  • Page 28 Advertisements
    • 1346 28 To make money from the market you need the best ideas. Ce: some s-gnino uo with CBS Investor Gnhne at 323-3955. gj| ft BANK NOTICES To advertise call toll-free IPHO-741 1883 Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REV
      1,346 words

  • SHIPPING TIMES
    • 286 29 Bridge News Reuters BROKERS said the Atlantic Panamax market is still rallying, driven by minerals rather than grain. They predict that with the acceleration of grain shipments in the last half of October and first half November, rates should continue to rise. Mitsubishi is rumoured to have fixed
      Bridge News; Reuters  -  286 words
    • 297 29 m mmmmmwm h»M a n CWT Distribution 1-30 006 184 Chuan Hup t37 O-Ot 1158 Cosco Invastmant 1.15 -0.02 13 frtight Unlit 0.33 -0.01 380 G8 Holdings 0.90 -0.02 48 Hal Sun Hup 0.69 0.01 100 IMC HoMtags-HK 5.60 unch 0 Jaya Holdings 0.95 -0.01 46 Jurpng Shipyard
      297 words
    • 453 29  -  Feeder operator hopes securing berth reservation scheme will reduce delays By\ Marcus Hand [SINGAPORE] Feeder operator Bengal Tiger Line (BTL) has signed a two-year appropriated berth deal with the Madras port, which it hopes will help bring relief to the congestion that
      SIEW YAW HOONG  -  453 words
    • 173 29  -  By- Ann Toh [SINGAPORE] Nine shipping and maritime personalities are in Singapore for the Maritime and Port Authority of Singapore's (MPA) annual International Advisory Group (LAG) meeting. The meeting will discuss MPA's plans and strategies in view of global trends in dedicated terminals, the cruise
      173 words
    • 364 29  -  Southern mainland ports now seen as rivals to HE From David Taylor in Hongkong 1 THE Shenzhen Port Authority has recently reported a 58.61 per cent increase in container throughput to 1.84 million TEUs (20-ft equivalent units) at its Shenzhen Ports, for the
      364 words
    • PORT Shots
      • 109 29 [LONDON] Associated British Ports Holdings (ABP) announced that pre-tax profits for the first half of the year were down 7.5 per cent to US$B5 million (5J143.65 million) on the same period last year, due mainly to increased interest payments and a lack of property sales.
        109 words
      • 78 29 [LONDON] August saw a 50 per cent rise in newbuilding orders in Japan, according to the latest figures from Japan Ship Centre, although tonnage is still 61 per cent lower than in August 1998. Bulkers dominated the order book, with 8 out of the
        78 words
      • 35 29 UK shtprepairer A&P Tyne has won a US$5 million (5)8.45 million) refit contract for the Royal Navy Auxilliary repair ship DUigenc*. The work is expected to take three months.
        35 words
    • 1242 30 TRANSHIPMENT PORTS If fully carried out, the planned development in Mediterranean ports will put capacity well above demand, say analysts (LONDON] IF YOU build it, they will come. But will they come soon enough? And will they pay enough to make it worth your while?
      Source: Severtanng Services of America  -  1,242 words
    • 202 30 PAGE Djak Lloyd 8 ACL 6 Dongrvama 3 ANL 3 ECU Line 6 Accord 8 ECl Appenship 5 lm^tm 6 Austral 8 8 Baiait SUpg 5 GL 4 Gemartraiw 6 BSA 7 u Hangii 7 B tanq Mas 8 Hanjin 3 CCMI 7 Heung-A 4 CMA 8
      202 words
    • 20429 37 thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 13/10 06/11 COSCO EVER GUARD 0003W 65-*****00 To ABIDJAN (ABJ) 2003 Cote D'lvoire 13/10 10/n Kien Hung harmony container mrws 65-*****33 02/10
      20,429 words
    • SHIPS IN PORT
      • 614 41 Vessel Voy Mo Berth Arrlvd Departure Jm m Pwl Spc Capncof *****9 JB 20/09/7:25 20/09/1900 Soiarmarin*f 9906 J02 20/09/730 23/09/17:15 C Succns 20-S£P J09 20/09/8:20 20/09/1600 HOMO 1 ***** J02 20/09/8:55 2V09/2300 Aqua Lucky 17/99 *3 20/09/9.25 20/09/2300 Bt S*)iti ***** J01 20/09/8-00 20/09/2300 Bt Sarwiti 4 *****
        614 words
      • 1946 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Book Idq/Bilinc Rstls Ship Voy No Etb/Btr Portal From JTo From ACE WtlSCUS 0290 2V* 00 19/15M 19/1*59 IWWO a nrrno amw amw a W/1700 !0/M» 20/0900 20/0T00 20/189 JO/MOO 20/1200 20/MS9 20/1700 auuuava i «5n» iimvo 19/800 19/1*59 19/1900
        1,946 words
      • 190 41 Sep 23 Japan: Autummal Equinox Day. South Korea: Harvest Moon Festival Eve. Sep 24 South Africa: Heritage Day. South Korea: Harvest Moon Festival Eve. Taiwan: Mid-Autumn Festival. Sep 25 Hong Kong: Day after Mid-Au-tumn Festival. South Korea: Harvest Moon Festival Day Following. Sep 27 Australia: Queen's Birthday (WA).
        190 words
      • 815 41 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and
        815 words
      • 343 41 Crto, MO Mai 990.0 U 14.7 0.08 74 0.05 Sttt Pm>t T mm A* nmntm g-£» K5 J u 0 .0? 32 0.02 Y*? 380 Mai 993.4 0.8 15.7 0.11 70 0.06 »WV] >/y m/m m/m wi Ho *ow C35 2 0 0 0 0 0_
        343 words
    • AIR&LAND TRANSPORT NEWS
      • 663 42 Govt report does not ftjmign any responsibility for Ang22 crash Bloomberg [TAIPEI] The Hongkong government released a report that provided no clear answers on the cause of a China Airlines plane crash in Hongkong last month that killed three people
        Bloomberg; FILE PHOTO  -  663 words
      • 177 42 AFP [DUBLIN] A government investigation was underway in Ireland after an aircraft landing at Shannon airport in the south-west of the island overshot the runway. None of the 317 passengers and crew of the plane coming from New York was injured when the incident happened
        AFP  -  177 words
      • 507 42 They are deciding whether to be part of connter offer toOnexbid Reuters [MONTREAL] Air Canada's pilots said they asked for access to the airline's detailed financial data ahead of deciding whether to be part of any employee or management-led counter offer to
        Reuters  -  507 words
      • 480 42 Bloomberg [MELBOURNE] Ansett Holdings Ltd, Australia's No 2 ranked airline, said its international arm is on track to deliver its first ever profit as an increase in traffic on its Japanese route and the suspension of loss-making Asian services boosts earnings.
        Bloomberg  -  480 words
      • 355 42 Reuters [CHICAGO] Trans World Airlines is seeking to cut its losses in the transatlantic region by 30 per cent a year as part of a broad plan for the eighth largest US airline to return to overall profitability after a decade of
        Reuters  -  355 words
      • 1841 42 arc njCHT eta rucm no $***** kos ****** 2350 MMM 6A7361 1930 BA7382 2055 **7306 1615 S***** 2350 Of81 1930 0f82 2055 <*<> 1815 LH"73 2355 AN8229 2230 I I 2355 IH6360 2230 MM* S0909 BID S0990 «0S ***** 2230 S«Mn«2ltM $0603 1905 C23S4 0910 MtwMi
        1,841 words
  • Page 29 Advertisements
    • 19 29 Mediterranean ports Sates sink as capacity swells Planned development of ports will put capacity above demand: analysts. Page 2
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    • 431 29 Daaiila Alr France has appointed I vOplv Jacques Clabaut (left) jH as regional director of Southeast Asia and Australia. Singapore Airttws jl He will be responsible for (SIA) has named f JR the development, sales and FOo Kim Boon as an growth of the airline for additional Company [J J
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    • 427 29 HE report offers no clear answers in China Airlines crash Govt report does not assign any responsibility for Aug 22 crash. Back Page A two-day, practical workshop on Supply Chain Management Techniques Learn Tested Supply Chain Management Techniques that workl 27th-28th October 1999, Concorde Hotel, Singapore WHO SHOULD attend? Vice
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  • Page 30 Advertisements
    • 739 30 [SUPER SHUTTLE EXPRESS (SSX) [~1 [OULF KARACHI PO* EOS (G W J Vtssa I VOT 100 I" PKUNG VESSEI VOT OWN MM j KWT I JIA 1 OND j (MO IfKUWC SM JJ/JJ 55/JJ 51/5 PtO NEOUOTD ORINOCO Oil 10/09 10/0* 11/09 14/04 15/04 10/04 14/04 15/04 «XL* fTA 27W537
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    • 713 30 Unas services represented <j /fllßkv by Members ol the Registry ot W Members ol the (IVgPI; Accredited Shipping Agents. SUtfU Singapore Freight Forwarders Stxxe National Shipping Aaaoc Association Pq LILY LINE MALE VESSEL VOY ETA Tlu TEW P. KLAN6 SPOKE RULE Empress Lily V 0599 02/10 03/10 13/10 Princess Lily
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  • Page 31 Advertisements
    • 1093 31 I SAX SERVICE (DIRECT) vtssa 1 vdy Isw n* ux oaa pal hou cm cm mem «i nyc AftjAK 0)41 15/09 30/09 05/10 05/10 05/10 05/10 05/10 05/10 06/10 06/10 AftGAJBCT oil 22/09 07/10 12/10 12/10 12/10 12/10 12/10 13/10 13/10 14/10 m.srm 0141 29/09 14/10 19/10 n/10 19/10 19/10
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    • 1845 31 HANJIN SHIPPING Ilk P■ U i HsMyilo -Mb *****30 HANJM SHIffIWG (S) rTILTD f» lwj» an >*****6 737 SALES *****74 738 DOCUMWT *****71 77< BggOjjS *****50 7SI HUN UWt *****55 M *****40 C» WO 11 S34t3oooo>t TO NW USA CANADA USA CANADA* mVSL/VOT lIM I i iMHAUL/VOT SEA TTW KN
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    • 309 31 FULLY CONTAINIIIHO DIDICATID SIRVICIS «TT™WTWTT7W ■m 5L JL JS ™L JL. Jfi—J«_ jgjL... I .*S tS; -Sr g%.u IHT IMKUHtM WW 2VW 27/W 20/00 30/W -fog- 2®- ktuwdai smifTß Kgsnjffi W UTCBHUW OIS 10/00 21/00 11* 72/00 VOT 21/00 01/10 02/10 KMTt HQWMQWfi JUL Wl 3® EMIZMM 28. dOMtw ijjMr~~iwiw~z
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  • Page 32 Advertisements
    • 1649 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDrTERHANEANCANADA VESSEL VOY ISM L£H I RTM IMM HAM llftV IFU VtSStL VOY SM GIT Sl* K)S H.C MTU CHOYAMG ATLAS MIOW 14 M #110 KlO 03 H 06 10 OS 10 07 10 CHOYAMG PMOEMX 0940W 10 N 03 10 05 10 07 10
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    • 944 32 a■ MAt-MLS S'Pflftfe M'SIA I Carrier MN CONTR LINES, INC P. GUDANG: (07) *****26 I KW- J OUNOcIXMSTSOOOOK SiBU: (064)*****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA (31)*****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHWG (082) *****1-3 VANCOUVER BC NHAVA SHIVA/NEW DEIHI" MV "HANJIN KAOHSIUNG V.046E
      944 words
    • 573 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO Vessel SPORE N.SHEVA COLOMSO P KLANG TULSIOAS V.114 24 SEP 01 OCT 17 OCT 11 OCT TARPON SILVER V IO4W 27 SEP 05 OCT 12 OCT 17 OCT CAPE CANAVERAL VII2W 04 OCT 12 OCT 10 OCT 24 OCT TULSIOAS V.115 11 OCT 10
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  • Page 33 Advertisements
    • 1783 33 VESSEL VOY KHH HKG SIM PKG FOB PXB DMM BA BIK IRAN SHAHRYAR PCL-5120 15/09 17/09 21/09 22/09 01/10 02/10 03/10 05/10 07/10 IRAN BAABAEI PCL-5121 22/09 24/09 28/09 29/09 08/10 09/10 10/10 12/10 14/10 IRAN TAKHTI PCL-5122 29/09 01/10 05/10 06/10 15/10 16/10 17/10 19/10 21/10 IRAN TABATABAEI PCL-5123
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    • 1253 33 kly Direct Colls to Kobt (6 D«yf) f Nagoyo (7 Days) Tokyo Days) J I SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL: 226 1900 FAX: *****08 OUTWARD (B/I) J^OSSO^^OHOR^fFK^ COSTAR SHIPPING PTE LTD #12-00 sales/ikgs *****57/60 inward dept (o/o) 4205/ss COSTAR AGENCIES (M) SDN BHD (> NO: **********010 SINGAPORE *****8
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    • 1319 33 EUROPE EXPRESS SEKVKt EXPORT IMPORT HJ VALBKIA jWW M%ojll/jO 17/foT 19/U 2Q/|o 2?/io I 01K j W/jSf jjfc |W*9 1 OM9 2*^9 HJWUNNGTON KWV 12/10 "79/10 31/10 01/' I'o2 1) "OJJ 1 04/11 HJ LONDON 0271 <t'W '109 21/09 7J/09 10/10 KJ MALTA 05SW 19/10 05, 11 07 11 01
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  • Page 34 Advertisements
    • 1464 34 EUROPEAJK/SCAHOIHAVtA/FtNLAMO/BUSSIA SGP ROM ANN HBG THP ZEE LHV IHV THP ROM ANW HBG PKL SGP E DEVOTE RW-008 26/09 14/10 20/10 16/10 18/10 19/10 20/10 E RIGHT RE-040 02/09 04/09 03/09 O&V9 07/09 26/09 27/09 E DEVELOP RW-008 03/10 21/10 27/10 23/10 25/10 26/10 27/10 E REWARD RE-040 09/09 11/09
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    • 1466 34 SO TEL OK BLANGAH ROAD #02-02 CmPORT CENTRE SPORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ETA ETD DESTINATION iNABUKWA 3199 *****9 23.09.99 PALEMBANQfKL BALAM IRIMAWA 0499 23.T0 99 *****9 PASIR GUOANG^ONTUNAMMfTOK ILMAMUI 1199 24.9999 24,***** PONTIANAK For enquiries and bookings please
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  • Page 35 Advertisements
    • 502 35 BSA i.l i*«i MYANMA Ufittk FIVE STAR LINE (Myonmor National Line) Loading for Yongon (Rangoon) VESSEL VOY SIN PKL KN PGU KENG TUNG 4W SU> SAGAING 62W SID MALAYSIA AG*NTS: lOUSTEAD SHIPPING AGENCIES KUI: m (03)*****00 PKL TEL (03)*****01 PEN: TIL (04)2****** PGO: HI (07) *****21/4 BANK LINE (A service
      502 words
    • 1212 35 HYUNDAI MERCHANT MARINE CO., LTP mrrrlTT|||| VBSa VOY "ST" SOU l£H RTM ANT HAM IV FE VRSa DOT SOU IB! RIM ANT HjjL _gV Fa W_ DANK 547W 23/09 11/10 16/10 13/10 14/10 NOl CORAL 009( 03/09 04/09 29/01 31/00 22/09 MONTI ROSA 530W 24/09 17/10 11/10 12/10 14/10 HYADMBAL
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    • 1074 35 WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT SIRVKI" [VESSEL VOT RAMP HEIGHT SIN I LAX CRL MIA SAV lAI OtF NYC NEW MM TAPKXA AHO6 400 Io«s 6.3 M 25/09 25/10 03/11 06/11 OS/11 10/11 TT7TT 13/11 17/11 11/11 TAMPA AHO7 400 Ton 6.3 M 12/10 09/11
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  • Page 36 Advertisements
    • 770 36 BANGKOK/ MAP TA PHUT/ LAEM CHABANQ J AK ABTA/PA M J A MO VESSEL VOY SIN BKK MTP LCH VESSEL VOY S<N JKT PJN YANTRA BHUM 308N In Pt 19/09 IS/09 GURU BHUM ***** 17/09 19/09 I KOTAHARTA HTAO63 In Pt 19/09 BUNGA MAS TIGA *****1 18/09 22/09 MATHU BHUM
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    • 365 36 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE w JL Jjllm ML u. mww iss ti/w »l/)l«3/)0»/)» w/)» msumi n/m ttn* i«/i* 11/n iyw HONPMBMM 77$ «/H 15/11 17/W >1/1* B/IO mivarr li/s| ii/tJw/nl |m/w|»/)«| |»/i>h FEEDER SERVICE TO INDONESIA j «i vot SPOM sutmrt ILTUBMK SUMIMK va vot
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    • 750 36 |g|3Blg3Hß yresns VOY SIN PKL I JED I MLA LEH RTM HAM TEE SOT VILLEDE VIRGO S33W 22A» 23/08 02/10 06/10 11/10 12/10 14/10 IVIQ I^lo SAUOIJEDOAH N33W 28/06 29/09 07/10 12/10 17/10 16/10 2ttlo 22/10 23/10 SAUOI JUBAJL H33W 04/10 06/10 38/10 2SnO 28/10 ZyiO 31/10 VH-LE OORON Y&H
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  • Page 37 Advertisements
    • 55 37 FAR EAST "sffiav KYOWA LINE Direct Breakbulk/Container/LCL EUROPE Service to Manila/Guam/Siapan FULL CONTAINER Agents: V-Grow Shipping Pte Ltd I See Page 7 Daily EXPRESS SERVICE 7TT Asia Oceanic Turn To Pg 5 Container Line Weekly Service to Belawan/Sin/P. Klang Twice-Weekly service to China China Shipping (S) Agencies Pte Ltd Turn
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  • Page 39 Advertisements
    • 46 39 (Retrieve more schedules!) Press "1" Select the port and key in STBCI the four digit code eg: To New York (NYC) 2275 s j£) Key in your fax number I your phone number Another innovative service offered by The document will be SHIPPING TIMES JD %'JSJtZiL
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  • Page 41 Miscellaneous
    • 132 41 LEGEND: R Thunderstorm Temperature c >ho. o Weother Wind direction with speed m£nots Rom Cloudy Sky Wove height Surface winds ore indicated by arrows which fly with the wind One full circle represents calm or hght ond variable winds i__ One half tleche represents 5 knots L_» One full tleche
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  • Page 42 Advertisements
    • 73 42 -BIJSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. ["O Call 740-6000 Press "1" key in Document Code Key in fax number Enter your phone number i feral S For mora information, ASSOCIATION 1 51 Thomson Road 1538 GoldhHf 95SEHHPN07 Tal: 253
      73 words