The Business Times, 23 September 1999

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Microfilm: NL21648
Total Pages: 54
1 54 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES MITA (P) 046/12/96 85C SINGAPORE Internet: http://business-times.asia 1 .com.sg/ THURSDAY, SEPTEMBER 23, 1999
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  • Article
    Lock icon MARKET SUMMARY
    59 1 SMI 783J9 (-24.40) □ansa fgtuies 277*80 (-7.90) STOCK MARKET INDICES Wednesday Change KLSECOMP 711.17 -I&1I NIKKEI 17,328.76 -6OT.B HANG SENG 13,187.62 232.84 SET INDEX 410.16 -16J9 JAKARTA COMP M&.46 -1.81 MANILA COMP _J.lfl7.7l -18-81 TAIPEI WP! Closed SEOUL COUP S4IJ7 -1M6 CISA CHINA B 867.02 -J.46 AUST ALL
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  • Article
    Lock icon FINANCE
    77 1 FOBEX BATES US» St USS 1.7W £(USS/S$ per L«l 1787 EURO(US$/S$ per E) 1.010 1.796 DM 1.862 M18 YEN 1041 1J»* RM 1800 0.460 HKS 7.707 0120 BART 40.40 0.042 RUPIAH ***** 0.021* •St* Mm* PUKE BATES SINGAPORE* L80 KUALA LUMPUR 738 JAKARTA 40.00 BANGKOK 19.00 MANILA 11.00 HONGKONG,..
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  • Article, Illustration
    Lock icon Hong Leong takes over hard-hit Tsang & Ong
    822 1  - Hong Leong takes over hard-hit Tsang Ong I-i exclusive It intends to bny out partners for a token $1 each, and rename the company By Conrad Raj [SINGAPORE] The Hong Leong Group has effectively taken over control of troubled Tsang Ong Stockbrokers. It has pumped in more than $20 million
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  • Article
    Lock icon Angry Japan calls US bluff over yen's strength
    934 1  -  |:i analysis From Anthony Rowley in Washington JAPAN appears determined to "call the bluff" of US policymakers who are bent on using the current bout of yen strength to force economic changes they have long been urging Tokyo to make. Senior financial
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      153 1 DBfIPB I I SM "It has been a long 10 months working on this one but I am happy we found a suitable investor for Delifrance." Tay Siew Choon, MD of SembCorp Industries P*4 In the Mack Neptune Orient Lines has returned to the black with an overall net profit
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      166 1 EXCLUSIVE INTERVIEW WITH A WHITE Br KNIGHT PACIFIC 14 CAN I W Page 7 HAVE WE GOT EXCLUSIVES TODAY! *L•'• 1 V t+ 'V" Derailed: C&C's third core business. Page 2 Simex suspends trading in MSCI Taiwan stock index futures. Page 8 KepLand continues its shopping spree. Page 8 Update
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  • THE next page
    • Article, Illustration
      Lock icon Intelligence changes everything
      975 2  -  Hy Patrick Daniel BT Editor IS Intelligence changes everything altogether too high-brow a tagline for BT? And why all the colour on our front page? Well, it comes down to the simple aim of our "millennium makeover": distinguishing BT from the competition. This is a new obsession
      CHRIS LOH  -  975 words
    • Article, Illustration
      Lock icon Cycle & Carriage finds route to third core business blocked
      879 2  - Cycle Carriage finds route to third core business blocked l-i exclusive Bid for 20% stake in can-maker thwarted by injunction From, 4. Ruth Wong, Christopher Tan Hn SingafiSfa Cycle Carriage Ltd's (CCL) ambition to set up a third core business in addition to motor trading and property has been derailed,
      879 words
    • Article, Illustration
      Lock icon BOJ's firm stand on yen unnerves markets
      564 2  -  Nikkei tumbles; investors worry strong yen will stifle Japanese recovery By R Sivanithy [SINGAPORE] Japan's benchmark stock average yesterday tumbled 3.4 per cent after the Bank of Japan declined to further ease its monetary policy to weaken the strengthening yen, dragging other regional
      Source: Bloomberg  -  564 words
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      58 2 Page 1-3: Top stories of the day Page 4-8: Singapore companies and markets Page 9-11: Singapore news Page 12: Editorial page Page 13-14: Malaysia news Page 15-16: South-east Asia Page 17-19: East Asia Page 20: South Asia Page 21-23: World news Page 24-28: Stock prices Page 29-30: TV/Lifestyle Page 31-32:
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  • FOCUS 2000
    • Article, Illustration
      Lock icon Gazing into the crystal ball
      774 3  -  By' Vikram Khanna T is fa|al to ever read what you have earlier written," wrote the Nobel Prize winning economist I Paul Samuelson, back in 1962. "It breaks your nerve as a forecaster." Journalists have an excuse, howevB er. We are not forecasters, merely H
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  • SINGAPORE companies
    • Article
      Lock icon SembCorp sells Delifrance to Prudential unit at big discount to market
      466 4  -  By. Lee Han Shih [SINGAPORE] After 10 months of hard work, SembCorp Industries has finally found a buyer for its most awkward possession, listed baker and restaurant chain Delifrance. Yesterday, SCI said it signed an agreement to sell its
      466 words
    • Article
      Lock icon 'White knight' Seatown to pump $23m into Pac Can
      664 4  -  Deal will result in all Pac Can creditors being paid off in fall: judicial manager By Catherine Ong THE Seatown Group, one of Singapore's largest shipbrokers which has diversified into construction, has agreed to pump in at least $23 million in
      664 words
    • Article, Illustration
      Lock icon Swissair selling 8m SIA shares'
      329 4  -  By i Conrad Raj SWISSAIR is placing out its block of eight million Singapore Airlines (SIA) shares through US investment house Salomon Smith Barney at $17.25 a share or $138 million in total. News of the proposed deal, which is at a sharp discount to
      FILE PHOTO  -  329 words
    • Article
      Lock icon IPO pricing: offer more shares to public
      846 4  -  |!l«>3'< lock siew R Sivanithy EVERY once in a while, initial public offers or IPOs leap into the limelight. This time the spotlight came from Deputy Prime Minister Lee Hsien Loong in his Saturday address at the Simex dinner. Specifically, BG Lee raised
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    • Article, Illustration
      Lock icon Low-key towkay moves into spotlight with Pac Can move
      601 4  -  hi exclusive By\ Catherine Ong FROM sea to land, See Chee Beng, the man at the helm of the Seatown Group, manoeuvres his business interests in a low-profile manner typical of a self-made Chinese towkay. "Mr father is extremely low-key," said
      CHRIS LOH  -  601 words
    • Article, Illustration
      Lock icon NOL back in the black with $10m interim net profit
      531 7  -  Bat its loss before non-recarring items is $167 m; it expects better second half By' Wong Wei Kong [SINGAPORE] Neptune Orient Lines (NOL) returned to the black with an overall net profit of $10 million for the half year to
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    • Article
      Lock icon Scotts Hldgs posts $63.6m bottomline loss for the year
      475 7 [SINGAPORE 1 Scotts Holdings, which recently became an associate of DBS Land, has made provisions of $49.2 million, bringing its bottomline loss to $63.6 million for the year ended June 30. Loss before extraordinaries came to $14.4 million, a quarter more
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    • Article
      Lock icon Asian Micro debuts on Sesdaq with 37% premium
      255 7 NEW Sesdaq counter Asian Micro ended its debut trading day with a 37 per cent premium over its offer price, but analysts say the stock could have done better if not for the bearish mood in the market. Asia Micro sold 53
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    • Article, Illustration
      Lock icon Dane to lead NOL's Europe box transport business
      183 7 [SINGAPORE) Neptune Orient Lines has appointed a Dane, Ken Sorensen, to lead its container transportation business in Europe. Mr Sorensen will join the company next month and will be based in London. His appointment is another step in NOL's strategy of expanding
      SIEW YAW HOONG  -  183 words
    • Article, Illustration
      Lock icon DBS Land eyeing stake in privately-held Vista Healthcare
      423 7 It will reveal more of its healthcare business plans today DBS Land, which already has a substantial interest in healthcare group Parkway Holdings, is eyeing a stake in privately-held Vista Healthcare. The property giant is holding a press conference today to announce
      423 words
    • Article
      Lock icon Sunright seeks new customers as chip sector recovers
      442 7 Bloomberg [SINGAPORE] Sunright Ltd, one of Singapore's biggest makers of semiconductor testing equipment, said it will add new customers within nine months to replace a Texas Instruments Inc contract it lost last year. Sunright lost the TI contract one of its biggest
      Bloomberg  -  442 words
    • Article
      Lock icon Court rules in favour of Summit
      517 7  -  Two BSA appeals dismissed; Summit appeal allowed and costs awarded By. Jennifer Lien [SINGAPORE] The Court of Appeal yesterday ruled in favour of CD-ROM maker SM Summit in three sets of appeals, the latest in Summit's long-running legal dispute with piracy watchdog Business Software
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    • Article
      Lock icon Amara interim profit up slightly
      144 8 [SINGAPORE] Hotel and property company Amara Holdings yesterday turned in slim earnings for the first half, with group net profits rising just 0.5 per cent to $1.3 million. The company managed to stay profitable despite lower room rates and closure of rooms that was due
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    • Article
      Lock icon S'pore suspends trading in MSCI Taiwan futures
      425 8  -  =i exclusive Suspension will continue today if Taiwan side stays closed Siow Li Sen [SINGAPORE] The MSCI Taiwan stock index futures market was closed yesterday and will remain closed today if the Taiwan stock market is still closed, the Singapore International Monetary Exchange
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    • Article
      Lock icon Quake could hurt some S'pore-listed firms: broker
      441 8 Bat equipment makers like ASA, Flextech may benefit Bridge News (SINGAPORE] Fraser-AMMB Research thinks that the Taiwan earthquake could hurt Taiwan-linked companies that are listed on the Singapore Stock Exchange (SES), as well as have "potential spill-over (effects) on Singapore's semi-conductor related companies",
      Bridge News  -  441 words
    • Article, Illustration
      Lock icon Keppel Land in $73m River Valley buy
      566 8  -  hi exclusive Combined plot has potential for 85-nnit project By\ Kalpana Rashiwala [SINGAPORE] Continuing its active buying to boost its landbank, Keppel Land has picked up two adjoining freehold apartment blocks along River Valley Road for $73.5 million bringing its total residential landbank
      SIEW YAW HOONG  -  566 words
    • Article
      Lock icon Penguin interim net down 32%
      293 8  -  By\ Marissa Chew [SINGAPORE] Hit by the early completion of a landbridge from Singapore to the Southern Islands, Penguin Boat saw its net profit for the half-year ended June 30 fall 32 per cent to $2.3 million. Penguin also said its earnings were hit by
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    • Article
      Lock icon CSC profit, turnover plunge
      94 8 [SINGAPORE] The interim net group profit of CSC Holdings tumbled by 75 per cent to $273,000 while its turnover fell by 41 per cent to $31 million, the company announced yesterday. With the turnaround of the national economy, the group has secured about $48 million worth
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      194 5 Formerly a military secret. Finally available to a select few. o f ".£.<• «r# ■->. W- 'tTmbWI :T tHBMPI -ml -&&KL 4# iJLtiMiMMF #Wi j^sv'j &BBk&Msumfote < r 4 c3HBBHfI3BWfeB r' i- f', r >4 .ji jwfei -.'V 4 idS&iiiaEr -> IpF 1 1: **M| l I felsp? <*£ THaJJrH|
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Tokyo's 3.4% plunge, Wall St slide rattle S'pore market
      574 6  -  I-i comment STOCK MARKET r. sivanithy A HAMMERING dished out to the Japanese stock market that was probably triggered by an overnight slide in US stocks left the local market with little chance of recovering yesterday, and the Straits Times Index
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    • Article, Illustration
      Lock icon Freight Links warrant worth bearing in mind
      196 6  -  WABBAMT WATCH -By R Sivanithy TODAY'S feature is one of the more controversial warrants in the local market Freight Links. For those who recall, this warrant was in the limelight a few months ago because of a last minute lifespan extension. As a
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    • Article, Illustration
      Lock icon SIA: Charts show further weakness
      261 6  -  HOT STOCK By' Wong Wei Kong SINGAPORE Airlines shares fell $1 or 5.5 per cent to $17 yesterday, one of the biggest net losers of the session. The stock opened at its intraday high of $17.50, hit a low of $16.70, before recovering some ground
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    • Article
      Lock icon Diary of events
      92 6 Thursday, Sept 23 10.45am. Launch of Medtecs International Corp IPO. Orchard Hotel 11.00am. 3lst Asean Economic Ministers* Meeting. Westin Plaza 3.45pm. Press Conference Armstrong Industrial Corp's half-year results 5.00pm. Press Conference Allied Components International's full-year results United States Washington* 8.30am. The US Labour Department releases weekly unemployment
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    • Article, Illustration
      Lock icon Too early to call Sing low a turnaround
      489 6  -  I i comment CURRENCIES Any sustained fall through 551.71 is technically bad news for the local nnit larry wee AFTER a less-than-convincing test of weakness on Monday and Tuesday, the Singapore dollar was forced to a threemonth low of 551.7100 against the
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    • Article
      Lock icon Untitled
      384 6 Stocks Vojumg AtianMicro 5c 43,461.000 •Gwrling Irt 16,043,000 SingT«i 15c 10,589,000 HotunalnvNT5 9,157,000 *TanChooglnt50c 8208,000 Asia Rxx&Prop US$ 8,206,000 ICTHK10C 7,412,000 PO 25c 7.229,000 S*mbCoipl2Sc 8.264,000 STEngg 10c 6,237,000 8lpclw > OCBC Foreign 48,506,867 SIA 44.002,445 D6S 40,462,370 ShgTet15c 30,786,046 City D*v50c 26,624,1.36 NatEtoclOc 23,062,319 AsianMlcro 5c 22,414,960 OUB 21,217,839
      384 words
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      74 6 warm iAv; ii v m —r —i i i 111 p i i HT"-^ Iw ereis an d^i Jte r j»3W^T x I I \£r JL. Daily to Switzerland and Europe. Travel, they used to say, frees the mind. It still can. So relax. Think your thoughts. And leave everything
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      Lock icon Page 6 Advertisements Column 2
      21 6 Toothache 7 See your dentist investment advice? You need DBS investor Online Get the Best Call us at 323-3955 S3l )USBANK
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      27 7 Call us at 730-5318 or email us at btnews@sph.com.sg if your company has decided on the result announcement date and would like shareholders and investors to know.
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      1149 8 MM MB 1 mamma I ■vi mww I rum I MMI HOLDINGS LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of MMI Holdings Limited (the I "Company") will be held at 29 Woodlands Industrial
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      Lock icon Page 8 Advertisements Column 2
      24 8 Lost i/our P f Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS. I Buy It. Scl It. Find It.
      24 words
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      Lock icon Page 8 Advertisements Column 3
      91 8 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong jJtahaous Samoa t Full rtomtaee, management, corporate secretarial and professional administration services are available. I We specialize in offshore mists, offshore banks, and captive insurance companies for qualified
      91 words
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  • SINGAPORE news
    • Article
      Lock icon Govt to release 20 ha industrial land next year
      551 9  -  Observers taken aback by quantum of planned sales Zfc/< Carol Eng THE government yesterday said it will release about 20 hectares of industrial land next year, showing its determination to keep costs low. This is despite the current market glut which,
      551 words
    • Article
      Lock icon S'pore group may not invest further in Shanghai housing project
      640 9  -  l-i exclusive First phase of govt-to-govt project a success; better opportunities elsewhere in region By 1 Teh Hooi Ling [SINGAPORE] Singapore's consortium of government and private companies may not invest in future phases of the government-to-govern-ment housing project in Shanghai,
      640 words
    • Article, Illustration
      Lock icon Franchising grows even in hard times: survey
      436 9  -  More new franchises in S'pore in 97-98 than last decade By Teh Hooi Ling FRANCHISING is finding favour in hard times. A survey by the Trade Development Board (TDB), Productivity and Standards Board (PSB) and the Singapore International Franchise Association (Sifa) has found
      FILE PHOTO  -  436 words
    • Article
      Lock icon Local firms may get more tech funds
      304 9  -  By. Audrey Tan THE government is prepared to increase funding for its technical assistance scheme for local firms, in a bid to get businesses to upgrade their operations, Trade Industry Minister George Yeo said yesterday. He announced changes to the Local Enterprise Technical
      304 words
    • ON THE grapevine
      • Article
        Lock icon Quirky stock quotes
        71 9 ONE European securities house is now providing stock quotes over the phone via a voice-activated interface: You announce the stock over the phone, and the system will respond with the stock price. But you don't always get what you ask for. A colleague asking for Creative Technology
        71 words
      • Article
        Lock icon No handphones please
        66 9 WE would of course understand that handphones and pagers are banned at power lunches for businessmen in such exclusive venues as the Tanglin Club or Cricket CLub. But guess who are the latest people who have been slapped with a similar ban on these mod-cons? Eleven-year-old kids
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      • Article
        Lock icon The eagle lands
        63 9 GUANGZHOU-BASED Eagle Brand Holdings will be opening a Singapore representative office by the end of this year to distribute its line of ceramic tiles and sanitary ware, and to provide a local contact point for its investors. We wish more foreign companies listed here would take their
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      • Article
        Lock icon Microsoft gives to charity
        75 9 It's time to use your PC for a good cause. Microsoft will pledge one cent for each page view at www.ycm-can-do-more.com.sg, a Web site which allows Singaporeans to share how technology has touched them. After 37 days, page views hit the one million mark yesterday evening,
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      • Article
        Lock icon PwC Building?
        48 9 DBS Square may very well be renamed PwC after its single largest tenant PricewaterhouseCoopers, which is expected to move in by December. PwC, whose 2,000-plus staff are housed currently in two different locations, will take 11 floors in the new 28-storey building, we're given to understand.
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    • Article
      Lock icon SP-Pertamina US$7b gas deal sealed at last
      347 10  -  Gas price pegged to S'pore spot price of high sulphur fuel oil By Eugene Low IT took more than a year of negotiations between the two parties, but Singapore Power (SP) has finally signed an agreement to buy US$7 billion (Ssl2 billion) of
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    • Article, Illustration
      Lock icon Eastman Chemical opens US$200m Jurong Island plant
      419 10  -  It may double facilities if chemical product prices continue to rise By] Eugene Low US-BASED Eastman Chemical, which opened its US$2OO million (*****.6 million) oxo chemicals plant on Jurong Island yesterday, may double the capacity of its facilities here if chemical product prices
      SIEW YAW HOONG  -  419 words
    • Article, Illustration
      Lock icon Lesson One in the emerging new economy
      848 10  -  I comment TECHNOLOGY If your business doesn't get into the Internet, be ready to lose out to those who are In the game kenneth james The writer is BT's Technology Editor. He welcomes your comments; e-mail him at kenjames@sph.com.sg AFTER so many trips
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    • Article
      Lock icon Consider currency backed by gold
      447 10  -  MAILBOX Michael Phillips Canada via Internet THANK you for printing my inquiry into viewpoints on the future of Singapore. I'm delighted to see a couple of responses to my initial letter. I'd like to describe a two-caption caricature I envision. The first is a big
      447 words
    • Article
      Lock icon Rest assured KL mill catch up with S'pore
      1094 10  -  Malik Tahir Malaysia, via Internet I REFER to the letter by YY Fong, "Resistance to social reforms", in BT of Sept 18. The Petronas Twin Towers are not occupied only by the Petroleum Club on three floors. Petronas has about 20,000 employees
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    • Article, Illustration
      Lock icon Consensus growth forecasts up a notch
      322 11  -  1=413 on the economy By* Anna Teo DESPITE an anticipated slowdown in electronics demand over the next few quarters, the consensus forecasts of Singapore's economic growth both this year and next have gone up by a notch over the past month. And this does
      Source: Consensus Economics Inc  -  322 words
    • Article, Illustration
      Lock icon Tricast launches Asian showbiz Web site
      214 11 AFP AN Asian entertainment Web site was launched here yesterday to provide surfers with local, regional and international entertainment news ranging from Hollywood to Cantopop. Asia E! Online (asia.eonline.com) is a venture between the US-based E! Online and Tricast Pte Ltd, a Singa-pore-based Internet
      AFP  -  214 words
    • NEWS Roundup
      • Article
        Lock icon River Valley en bloc sale
        99 11 ANOTHER collective sale has hit the River Valley area. Owners of Chen Yuan Building at 1 River Valley Close have agreed to sell their properties collectively. The property has a land area of about 20,329 sq ft. The site is zoned residential and can be
        99 words
      • Article
        Lock icon Yeo Cheow Tong to visit UK, Shenzhen
        55 11 MINISTER of Communications and Technology, Yeo Cheow Tong, is now visiting Hongkong and Shenzhen to study the transport and information technology structure there. During his four-day visit, Mr Yeo will meet Hongkong's Chief Executive Tung Chee Hwa, top government officials and leaders from
        55 words
    • Article, Illustration
      Lock icon Liberty buys 70% of Citystate Holdings
      612 11  -  Citystate sees strategic tie-up as a way to beef np its financial muscle for regional expansion By Wong Wei Kong IN the first instance of consolidation in the insurance industry since the government announced its intention to open up the market, general insurer Citystate
      ARTHUR LEE  -  612 words
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      75 9 I PEOPLE ELOPER /Leading Consultancy In Investing In People Why waste precious time solving problems which should have been prevented with... THINKING INNOVATION CIRCLES Working with our Clients, we design, develop and deliver, customised Organization Development Career Development People Development and of course, our original Thinking Innovation Circles H Personnel
      75 words
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      190 11 MaybankSprinTT m ja,Jm -wr W A HT" Wr JM wsr m. lr jB m FififiH W w* J?v>' "SF; iM.,-. Sr& -C» v > f i gSy 'a TB gHH H ,--^m Remit the exact amount to Malaysia in record time. The fastest telegraphic transfer to Malaysia is here. It's
      190 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon The need to boldly trumpet S'pore's assets
      819 12  -  ■7TT= bottom line OPINION david mason The writer was a partner in an international accountingfirm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. THIS is a story of how an
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    • Article
      Lock icon IN OTHER WORDS
      97 12 To quarantine, contain or write off Russia as too corrupt would ill serve our national interest.' Lawrence Summers US Treasury Secretary, during congressional testimony on why Washington would not end its support for Moscow despite allegations that billions in loans had been siphoned from government coffers. 'Police
      97 words
    • Article
      Lock icon Millennium bug: the final stretch
      651 12 EDITORIAL IT is unfortunate that an occasion as mystical as the dawn of a new millennium has been overshadowed by a pesky computer bug. As we enter the last 100 days of the millennium, most people know about the software shortcut that leads some computer
      651 words
    • Article, Illustration
      Lock icon It's too early to bring out the champagne
      881 12  -  The global economic outlook is rosier. But is the good news solid recovery or just temporary respite from crisis? By Robert J Samuelson The Washington Post Writers Group THE story of how the global economy escaped calamity is at best murky and
      The Washington Post Writers Group; FILE PHOTO  -  881 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      958 12 Stick to regulation* DEVASTATING though it is, the death toll in the Taiwanese earthquake might have been much higher but for strict engineering standards which allowed most buildings to withstand a force measuring 7.6 on the Richter scale. In Turkey, where a similar tremor force killed
      REUTERS  -  958 words
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  • MALAYSIA news
    • Article, Illustration
      Lock icon Danaharta starts property sales in Nov
      604 13  -  l-i exclusive Analysts warn of poor response if pricing is unrealistic From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S asset management company Danaharta Nasional will put about 30 to 50 properties on the auction block in November as the country begins to clean up
      Source: Danaharta Nasional  -  604 words
    • Article, Illustration
      Lock icon Go for simpler projects, Kingman urges M'sia
      218 13 KUALA LUMPUR AFX-Asia MALAYSIA should use funds more productively and should have less grandiose projects, the Sun quoted American economist Paul Krugman as saying yesterday. "There should be less grandiose projects and no more 'tallest building in the world' for the next decade,"
      AFX-Asia  -  218 words
    • MARKET Moves
      • Article
        Lock icon Maybank loses some shine
        63 13 SHARES of Malaysia's largest bank have not quite performed even though the bank announced a higher- than-expected set of results earlier this month. While the bank reported a jump in non-interest income and lower provisions, investors were not too impressed with the 5 per cent fall
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      • Article
        Lock icon Troubled Intria still weighed down
        39 13 INTRIA continued to be weighed down although it has denied newspaper reports that it would undergo a capital reduction exercise to tidy up its balance sheet The counter shed 2.5 sen to 71 sen.
        39 words
      • Article
        Lock icon Arab-M'sian group out of favour
        60 13  -  Compiled by Eddie Toh INVESTORS were probably betting that Azman Hashim's Arab-Malaysian group would not succeed in securing an additional anchor bank slot. Arab-Malaysian Merchant Bank fell 40 sen to RM6.10 while Arab-Malaysian Finance eased 6 sen to RM2.94 despite news that they planned to
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    • Article
      Lock icon Kit Siang warns of 'economic storm'
      407 13 KUALA LUMPUR Reuters, Bernama THE leader of Malaysia's opposition yesterday said the government's tax cut on repatriated short-term foreign profits was a belated admission that capital controls have hindered big inflows of foreign money. Lim Kit Siang also said a greater "economic storm" was
      Reuters,; Bernama  -  407 words
    • Article
      Lock icon YTL Power, CLP Power on the prowl in region
      307 13  -  New joint venture will bid for M'sian power-generating assets first Frrmi Eddie Toh in Kuala Lumpur YTL Power the power generation arm of the Yeoh family's YTL Corporation of Malaysia has teamed up with heavyweight CLP Power International of Hongkong to
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    • Article
      Lock icon Daim positive that economic turnaround will be sustained
      410 13 KUALA LUMPUR Bridge News THE Malaysian economy will continue to grow in the third quarter after turning around in the second quarter, Finance Minister Daim Zainuddin told Bridge News yesterday. "Based on the movement of key economic indicators during July and August
      Bridge News  -  410 words
    • Article
      Lock icon Cash deals may complicate KL bank mergers
      816 14 KUALA LUMPUR Improved performances of better placed banks would only raise the costs involved in the merger process AFX Asia BANKS being forced out of the industry to make way for the sector's rationalisation may only want to do so for cash, adding
      AFX Asia  -  816 words
    • Article, Illustration
      Lock icon Petronas' PNG gas pipeline extension not viable: Chevron
      365 14  -  It'll cost USs2oom and demand in Port Moresby is small Prom Brian Gomez in Port Moresby THE operator of Papua New Guinea's US$3.5 billion (Ss6 billion) project to pipe natural gas to Queensland says it does not believe a PNG government proposal
      FILE PHOTO  -  365 words
    • Article
      Lock icon MAS: Rising fuel costs will hit profit
      381 14  -  It expects 70% average seat factor; fuel takes up 10% of total costs From Ruth Wong in Kuala Lumpur NATIONAL carrier Malaysia Airlines sees a rising passenger load factor this year but escalating fuel costs will clip its profits, MAS executive vice-president Bashir
      381 words
    • Article
      Lock icon M'sian bond prices rise on demand for Danamodal paper
      201 14 KUALA LUMPUR Reuters MALAYSIAN bond prices rose yesterday as companies and banks, flush with liquidity, snapped up bonds issued by the nation's bank recapitalisation agency, Danamodal Nasional Bhd, dealers said yesterday. "It has a lot more to do with the sufficient
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    • MALAYSIA Briefs
      • Article
        Lock icon Malaysia's reserves dip by US$780m
        64 14 Reuters [KUALA LUMPUR] Malaysia's gold, foreign exchange and other reserves fell by nearly US$7BO million (Ssl.3 billion) in the first half of September driven by the outflow of foreign portfolio funds, analysts said yesterday. Bank Negara said in a statement that the nation's international reserves
        Reuters  -  64 words
      • Article
        Lock icon Police swoop on more Anwar allies
        82 14 Reuters (KUALA LUMPUR] Malaysian police yesterday widened a crackdown on opposition politicians following mass protests in support of jailed former finance minister Anwar Ibrahim. Police chief Norian Mai said authorities were looking to arrest five more politicians after retaining at least 13 earlier this
        Reuters  -  82 words
      • Article
        Lock icon Multi-Purpose in Phileo merger pact
        36 14 Reuters [KUALA LUMPUR] Multi-Purpose Holdings Bhd said yesterday its banking unit has signed a memorandum of understanding with PhileoAllied Bhd to negotiate a merger with Phileo Allied Bank (M) Bhd. Reuters
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      • Article
        Lock icon Country Heights' proposal
        99 14 AFX Asia [KUALA LUMPUR] Country Heights Holdings Bhd is currently preparing an outline proposal for the management of the Millennium Dome project in London, which will be submitted to the UK government. In a statement, managing director Lee Kim Yew said Country Heights was one of the
        AFX Asia  -  99 words
      • Article
        Lock icon Kapar tender outcome still pending
        68 14 AFX-Asia [KUALA LUMPUR] Tenaga Nasional Bhd said the authorities have yet to decide on the successful bidder for its proposed sale of a 40 per cent stake in the Kapar power plant. A company official said a short-list of bidders has been drawn up. She
        AFX-Asia  -  68 words
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      249 13 VOLVO for life J BESIDES YOUR VOLVO, LWtfttKk. WE'LL ALSO TAKE CARE OF YOU. I In- -vim*- attention that we have In en la\ ishinn i »t11« >a > >Im > has now hern extended to something ei|iiallv important Ihe ow nei lust tor vmi. om husiness hours ha\ e
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      183 14 ■HMfiViTil SPECIAL FEATURE OCTOBER 19, 1999 IMDUPWITH VALUABLE SUES 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 Transport Event will be held in
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      9 14 Hock Lock Siew Takes you behind the news TheßusinessTimes
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  • SOUTH-EAST asia
    • Article
      Lock icon Bangkok Bank sets up AMC
      162 15 BANGKOK Reuters BANGKOK Bank Pic said yesterday it had established a wholly owned asset management company (AMC) to handle initially loans restructured or rehabilitated by the bank. Bangkok Bank's executive chairman Kosit Panpiemrat told reporters the bank would delay transferring its nonperforming loans to the
      Reuters  -  162 words
    • Article
      Lock icon San Miguel aborts sale of Coca-Cola Amatil stake
      415 15  -  Move spurred by share price slump; spin-off could have raised USsBoom From. Al Labita in Manila FOOD and beverage giant San Miguel Corp (SMC) yesterday aborted its US$BOO million (Ssl.4 billion) plan to sell its 21.5 per cent stake in Australian bottler
      415 words
    • Article, Illustration
      Lock icon Slick welcome
      42 15 [BANGKOK] Bangkok gas station attendants inviting motorists to fill up yesterday. Local oil prices have risen to an eight-year high but the government has still not decided if it will cut the oil tax despite pressure from oil users. AFP
      AFP  -  42 words
    • Article
      Lock icon No 'top official' suspects likely
      479 15 BANK BALI SCANDAL Indon police say PwC methods are illogical Reuters [JAKARTAJ Indonesia's police said yesterday they did not expect to name any top officials as suspects in their investigation of a banking scandal, despite allegations senior government figures were involved. Police also said their
      Reuters  -  479 words
    • Article
      Lock icon Bank Bali's Beckett keeps Stanchart banner flying
      660 15 JAKARTA He's rallying staff, reassuring clients, facing the media Bloomberg PASSING through Jakarta's international airport recently, Doug Beckett was surprised when an Indonesian immigration officer took a second look at his passport. "Douglas Beckett?" the officer asked, thumbing the travel document. "Douglas Beckett
      Bloomberg  -  660 words
    • Article
      Lock icon National Finance buys HSBC Thai unit, eyes banking licence
      213 15 ÜBANGKOK Bloomberg NATIONAL Finance, one of Thailand's largest non-bank lenders, said it bought HSBC Finance Securities (Thailand) Ltd for 292 million baht (5512.3 million), to boost its assets to qualify for a banking licence. It said it also bought mortgage lender
      Bloomberg  -  213 words
    • Article
      Lock icon Radanasin buyer to be named next week, says BOT
      400 15 BANGKOK Govt lawyers, busy with IMF letter, delay vetting of sale agreement Reuters THE Bank of Thailand said yesterday it expects to announce a winning bidder for nationalised Radanasin Bank Pic next week. Kiatchai Sophastienphong, director of the central bank's financial
      Reuters  -  400 words
    • Article
      Lock icon Telkom partners hire CSFB as adviser
      524 16 The 5 partners want to resolve contract dispute with largest Indon phone company Bloomberg [JAKARTA] PT Telkom's five joint operating partners have hired Credit Suisse First Boston (CSFB) as adviser to help resolve their contract dispute with Indonesia's biggest phone company. The five joint
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    • NOTE Book
      • Article, Illustration
        Lock icon FT reporter killed in E Timor
        125 16 Bloomberg (JAKARTA] Sander Thoenes, a Dutch reporter with Britain's Financial Times, has been found dead in East Timor, a United Nations spokesman said. Multinational peacekeepers found him face down in a ditch in a suburb of the capital Dili, with his notebook beside him.
        Bloomberg; REUTERS  -  125 words
      • Article
        Lock icon Conoco orders audit of pipeline deal
        66 16 Reuters [JAKARTA] The operator of Indonesia's West Natuna gas field has ordered an independent audit of a controversial pipeline deal awarded to McDermott International to lir>k the field to Singapore, Pertamina said yesterday. Conoco had asked PricewaterhouseCoopers to conduct the audit which would be
        Reuters  -  66 words
      • Article
        Lock icon US$4.6b Sulawesi refinery going ahead
        53 16 AFX-Asia [JAKARTA] Singapore-based Pare-Pare Refining Corp said it is continuing with a plan to start building a US$4.6 billion (SS7.B billion) refinery in Pare-Pare, South Sulawesi, next year. Construction of the first phase of the refinery will begin in April next year with total investment
        AFX-Asia  -  53 words
    • Article
      Lock icon UPS boss now heads US-Asean Business Council
      359 16  -  He says S-E Asia represents the future for US firms From Leon Hadar in Washington JAMES Kelly, chief executive officer of United Parcel Service (UPS), the largest pack-age-delivery business worldwide, was on Tuesday named the chairman of the US-Asean Business Council which promotes
      359 words
    • Article
      Lock icon Weak baht good for exports, govt won't intervene: Thai DPM
      309 16 BANGKOK Reuters THAI Deputy Prime Minister Supachai Panitchpakdi reiterated yesterday that the government saw no need to intervene in the market to support the sliding baht as a weak currency could help exports. He told reporters: "The government sees no
      Reuters  -  309 words
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      79 15 "That's riant. You (jet more-LEFs. With the Local Enterprise Finance Scheme (LEFS), qualifying As a participating financial institution in the government's LEF FACTORS businesses can enjoy very competitive rates for factoring, industrial Scheme, IFS can offer you that added advantage. Don't get LEFS (SINGAPORE) LTD hire purchase, equipment loans and
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      510 16 a. i 1 M I Br, V «ei£ps-^ >>i S^*^vs^B^Br3^.,Pw;--S?''^l W Along with professional-looking printouts, HP Office Colour Printing to a minimum. Lower cost-per-page and higher duty cycle than Solutions can give your business a valuable competitive edge. competitive brands make HP an affordable and reliable choice on IH| Both
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  • EAST asia
    • Article, Illustration
      Lock icon HK stocks good value despite slow GDP recovery: analysts
      815 17  -  Ui exclusive Heavyweight HK firms make major portion of their profits overseas Front Meera Tharmaratnam in Hongkong HONGKONG'S stockmarket recovery from the nadir of the Asian economic crisis is among the strongest of the crisis-hit countries even though its economy lags
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    • Article
      Lock icon Free financial info on Net by Sun Hung Kai
      237 17 HONGKONG Service complements share trading info offered by affiliate Bloomberg SUN Hung Kai Properties Ltd, one of Hongkong's two largest real estate developers, has set up a Web site offering free financial information, complementing a share trading service offered by its
      Bloomberg  -  237 words
    • Article
      Lock icon Five banks named to sell HK govt stocks
      156 17 HONGKONG AFP HONGKONG'S government has appointed five international investment banks to dispose of part of the massive share portfolio it acquired last year, a newspaper reported yesterday. Goldman Sachs, Jardine Fleming, ING Barings. HSBC and the Bank of China's investment arm, BOCI
      AFP  -  156 words
    • Article, Illustration
      Lock icon Analysts cut Taiwan GDP forecasts
      610 18  -  But electronics cycle, heavy rebuilding spending will limit damage From Macabe Keliher in Ta ipei WITH Taiwan bracing itself for a NT$lOO billion (555.4 billion) bill to set the country right following Tuesday's massive earthquake, analysts yesterday lowered GDP growth forecasts as the majority of
      REUTERS  -  610 words
    • SINO Briefs
      • Article
        Lock icon China to issue 36b yuan of bonds
        88 18 AFP [BEIJING] China will issue 36 billion yuan (557.4 billion) in treasury bonds in two batches today, Xinhua news agency announced yesterday. The first batch, worth 16 billion yuan, will have a two-year maturity and will be sold to state-owned commercial banks and
        AFP  -  88 words
      • Article
        Lock icon Shangri-La Asia buys into Thai hotel
        97 18 Bloomberg [BANGKOK] Hongkong-based Shangri-La Asia Ltd, one of the region's biggest luxury hotel operators, said it acquired a 70 per cent stake in the Bangkok Shangri-La hotel for 3.17 billion baht (Ssl34 million). Through Thailand-based vehicles, Shangri-La offered 35 baht per share for all
        Bloomberg  -  97 words
      • Article
        Lock icon Shenzhen bank stake: Citic gets okay
        79 18 Bridge News [HONGKONG] Beijing-based China International Trust and Investment Corp (Citic) has received regulatory clearance to acquire a 20 per cent stake in Shenzhen Development Bank (SDB), the English-language South China Morning Post reported yesterday. Citic is a Chinese government-backed conglomerate whose subsidiary, Citic
        Bridge News  -  79 words
      • Article
        Lock icon HK-based fund managers focus on Asia
        73 18 Reuters [HONGKONG] Hongkong-based fund managers keep up to 60 per cent of their invested money in Asia, according to a new survey by PriceWaterhouseCoopers released yesterday. The survey found Hongkong investment managers keep around 36 per cent of funds in Asia (ex-Japan) equities, 21
        Reuters  -  73 words
      • Article
        Lock icon Cosco may revise purchase terms
        80 18 [HONGKONG] Cosco Pacific Ltd said it may revise terms of a proposed acquisition of a stake in sister company Cosco Investment (Singapore) Ltd from its direct holding company Cosco Pacific (Hong Kong) Group Ltd. "The directors of the company have considered the views of a
        80 words
    • Article
      Lock icon HK govt finally moves to cut airport charges
      537 18  -  Airlines had been poshing for lower landing, parking fees From* Quak Hiang Whai in Hongkong AFTER long-drawn-out and often heated discussions with the airline industry, Hongkong yesterday decided to lower the landing and parking charges at its airport a move immediately welcomed
      537 words
    • Article
      Lock icon Hang Lung Devt's profit up 23% as provisions diminish
      347 18  -  From Quak Hiang Whai in Hongkong MEDIUM-SIZED Hongkong developers continued to report improved results as Ronnie Chan's Hang Lung Development Company yesterday unveiled a 23 per cent jump in net profit for the year to June 30, although the results fell
      347 words
    • Article
      Lock icon China opens credit taps to boost stocks
      570 19 17 fond managers, brokers can now raise funds on interbank market Reuters [BEIJINGJ China finally announced yesterday that bank credit taps would be opened to some brokers and fund managers, the latest step in government efforts to boost the stock markets. The central
      Reuters  -  570 words
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      81 17 N J\ Ml <,k\l:\ I: d new conquest <>l time 1 lie Coihjuistihlor C(M I I' j ll* j <i \=^Snf/ fit S"' >'// rf,' Hi i < W'* Si\» I Kl VV\I« II I IMII11»: si\«.xr.»Ki c pr n r mm wm\ •\i. 11 \w (in III: 711 111,
      81 words
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      713 18 JAYA HOLDINGS LTD UNAUDITED RESULTS ANNOUNCEMENT The Directors are pleased to announce the unaudited consolidated results of the Group for the financial year ended 30 June 1999. 1999 1998 FAV/(UNFAV) $000 000 000 Change Turnover 55,459 73,307 (17,848) (24.3) Operating profit 31,575 43,007 (11,432) (26.6) Interest income 1,093 2,240 (1.147)
      713 words
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      2073 19 I WING TAI HOLDINGS LIMITED a (Incorporated in the Republic of Singapore) I Unaudited results for the year ended 30 June 1999. I The Directors of Wing Tai Holdings Limited announce the unaudited consolidated results for the year ended 30 June 1999. I GROUP COMPANY Of the $258.3 million provision
      2,073 words
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  • SOUTH asia
    • Article
      Lock icon ICICI becomes first Indian company on NYSE
      456 20 INDIAN COMPANIES EYE US LISTINGS Telephone Nigam, Reliance seen heading for Wall St AFXAsia FT, [BOMBAY] ICICI, the Indian lender, yesterday became the first Indian entity to list on the New York Stock Exchange (NYSE). The NYSE listing follows the completion of ICICI's
      AFX- Asia; FT,  -  456 words
    • Article
      Lock icon Indian Net service provider Satyam files for Nasdaq IPO
      318 20 WASHINGTON Reuters SATYAM Infoway Ltd, the second largest Internet service provider in India based on the number of customers, on Tuesday filed to raise as much as U5557.5 million (5597.8 million) in an initial public offering. The company is offering American
      Reuters  -  318 words
    • Article, Illustration
      Lock icon Congress gains ground
      807 20  -  from new delhi yogi aggarwal M ID-WAY through a month-long parliamentary election, the mood of the Indian electorate seems to be shifting away from the ruling Bharatiya Janata Party (BJP)-led alliance to the Sonia Gandhi-led Congress alliance. While the swing based on my travels through the key
      AFP  -  807 words
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      224 20 "Having so many leaders in the £SA| IT industry at Suntec City enables Suntec City satisfied our needs networking and the sharing of ideas, by a||owing ug tQ centra jse a T? our operations and to enjoy y I Microsoft Singapore economies of scale." Rolf G«rber, Managing Director, "We were
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  • WORLD news
    • Article
      Lock icon KEB aims to sell US$1b GDRs at only 5% discount to shares
      436 21 SEOUL Investors' fears of huge corporate debts had earlier widened discounts to 25% Bloomberg KOREA Exchange Bank, Korea's fourth-largest commercial lender, said it aims to sell US$l billion (Ssl.7 billion) of stock for as little as 5 per
      Bloomberg  -  436 words
    • Article, Illustration
      Lock icon Sony co-founder Morita's seriously ill
      182 21 TOKYO AFP JAPANESE tycoon Akio Morita, who co-founded the electronics giant Sony Corp, is seriously ill in hospital, a company spokesman said yesterday. Mr Morita, 78, collapsed from a brain haemorrhage while playing tennis in November 1993 and has stayed in Hawaii since 1994. He
      AFP; FILE PHOTO  -  182 words
    • Article
      Lock icon Japan rates ease as BOJ regains confidence in its independence
      395 21 ■TOKYO Reuters JAPAN'S short-term interest rates fell yesterday, a day after the Bank of Japan defied intense pressure from politicians to help curb the yen by easing credit. "Interest rates fell as the Bank of Japan restored market confidence by
      Reuters  -  395 words
    • Article
      Lock icon Tokyo exchange to launch market for startups in Nov
      272 21 TOKYO New bourse Mothers will have easier listing bat stricter disclosure rales Bloomberg THE Tokyo Stock Exchange will create a new market in November aimed at enabling startup companies with promising new technology to sell their shares, TSE president Mitsuhide Yamaguchi
      Bloomberg  -  272 words
    • Article, Illustration
      Lock icon Global market cap: Europe to make up 40%
      735 22  -  :i exclusive Salomon sees this happening within a decade as euro eliminates cross-border currency risks From'. Neil Behrmann in London EUROPEAN stock markets will account for 40 per cent of world stockmarket capitalisation within a decade, up from 22 per cent currently,
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    • Article, Illustration
      Lock icon Morgan Stanley's 3rd qtr profit up 55% to US$970m
      584 22 NEW YORK Bloomberg MORGAN Stanley Dean Witter Co said third-quarter profit rose 55 per cent, led by investment banking and a recovery in asset management and trading a year after Russia's default triggered a worldwide bond rout. Net income at the
      Bloomberg; FILE PHOTO  -  584 words
    • Article
      Lock icon IMF sees world growth at 3.5%
      516 22 WASHINGTON But a sharp US downturn could threaten prospects Reuters THE world economy will grow a strong 3.5 per cent next year, but a steep downturn in the United States could put the new healthier forecasts under threat, the International Monetary Fund said yesterday.
      Reuters  -  516 words
    • Article
      Lock icon Taiwan investment in China down 31%
      199 22 TAIPEI Reuters TAIWAN said its indirect investment approvals in rival China has dropped 31.02 per cent in the first half of 1999 compared with the year-earli-er period. The commission approved 203 investment projects worth U*****.54 million (*****.1 million) between January and June, it said
      Reuters  -  199 words
    • Article
      Lock icon Monetary policy holds key, says OECD
      363 22 PARIS Difficulties afflicting global economy have abated, it says Bridge News ALTHOUGH most of the difficulties afflicting the global economy have abated, the world's biggest economies still face "serious challenges" that will hold sway over monetary policy decisions ahead, Donald Johnston, Secretary General of
      Bridge News  -  363 words
    • WORLD Watch
      • Article
        Lock icon Brazil central bank head bets on real
        102 22 Bloomberg [RIO DE JANEIRO] Arminio Fraga, president of Brazil's central bank, has bet the world almost US$lO billion (Ssl7 billion) that his country's battered currency will hold its value against the dollar. If right, his decision to sell dollar-indexed debt in the domestic
        Bloomberg  -  102 words
      • Article
        Lock icon Deutsche Bank not buying Dresdner
        62 22 Bloomberg [FRANKFURT] Deutsche Bank AG, Germany's biggest bank, denied a report that it intends to buy Dresdner Bank AG, the country's No 3 bank. Weekly magazine Wirtschafis Woche reported Deutsche Bank had sent board member Ronaldo Schmitz to negotiate with Allianz AG, Germany's No 1
        Bloomberg  -  62 words
      • Article
        Lock icon UK Q2 growth revised up to 0.6%
        89 22 Reuters [LONDON] The British economy expanded by 0.6 pa* cent in the second quarter of the year from the first up from a revised 0.2 per cent growth in the first quarter, the Office for National Statistics said yesterday. The figures showed the
        Reuters  -  89 words
      • Article
        Lock icon Laura Ashley 1st-half loss widens
        76 22 Bloomberg [LONDON] Laura Ashley Holdings Pic said its first-half net loss widened after the UK clothing and home-furnishings retailer was forced to sell its unprofitable North American business for US$l to help avoid insolvency. The company made a loss in the 26 weeks to July
        Bloomberg  -  76 words
    • Article
      Lock icon Expect bigger loss at Western Digital
      296 23 IRVINE, California Disk-drive maker cites competition, fewer shipments Bloomberg WESTERN Digital Corp, the world's No 3 disk-drive maker, warned its fiscal firstquarter loss will be wider than expected because of tough competition and fewer shipments of desktop diskdrives. Western Digital said it expects a
      Bloomberg  -  296 words
    • Article
      Lock icon DuPont in talks with drug firms on possible JVs
      358 23 NEW YORK It's mulling over issuing tracking stock for life sciences business Bloomberg DUPONT Co, the largest US chemical company, is in talks with potential pharmaceutical joint-venture partners, and will decide by early next year whether to issue tracking stock for
      Bloomberg  -  358 words
    • Article
      Lock icon Goldman Sachs profit doubles in third-qtr
      386 23 NEW YORK Bloomberg GOLDMAN Sachs Group Inc said third-quarter profit jumped 94 per cent as trading and investment banking revenue surged at the fifth-big-gest US securities firm. In its second quarterly report since selling shares to the public in May, the 130-year-old firm said
      Bloomberg  -  386 words
    • Article, Illustration
      Lock icon Hand-made opera costumes for sale
      63 23 [PARIS] Costumes belonging to the Paris Opera, which is holding a three-day sale until tomorrow oflo,ooo hand made drama costumes tailored between 1927 and 1993. The outfits are being soldfor between 20francs (555.45) and I,ooofrancs under a big top located in Bastille square outside the
      AFP  -  63 words
    • Article
      Lock icon HP boosts Internet presence via e-commerce deal with Oracle
      279 23 m SAN FRANCISCO NYT HEWLETT-PACKARD Co (HP) long a laggard behind Sun Microsystems and IBM in computer systems for electronic commerce took a step towards strengthening its Internet presence with an announcement on Tuesday of a deal with Oracle Corp to
      NYT  -  279 words
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      173 21 In its own confident and quiet stvie that have won endiess admirations the world over, the New Golf has come of age with a sophistication beyond comparison. Setting itself apart even further, and in a blistering pace, is a new and awesome 1.8-litre turbo engine to take its performance to
      173 words
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      2019 23 NOTICES T^dvertis^al I toll-free 1800-741 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF EVERETT COMPANY PTE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of
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      491 23 WESTCAMP BUILDERS PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY given pursuant to Section 308(2) of the Companies Act. Cap. 50 that the Final Meeting of Members of the above-named Company will be held at Block 809 FRENCH ROAD #05-168 SINGAPORE *****9 on 25-10-99 at 9:3oam for the purpose stated
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      522 23 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HONG KONG WARDS FREIGHT |S) PTE UMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of Hong Kong Words Freight (S) Pie Limited duly comined and held at Unit 1602, 16/ F. Malaysia
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  • FINANCE & commodities
    • Article
      Lock icon Spot month falls below psychological 280 level
      218 24  -  ;>iiwri» Report MSCI Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market took a severe battering yesterday following the eye-pop-ping 225-point overnight plunge in the Dow Jones Industrial Average, and further compounded by the fallout in the Nikkei-225 futures in Asian trading.
      218 words
    • Article
      Lock icon Oil prices rebound as Opec sticks to output curbs
      312 24 ENERGY REPORT Reuters [LONDON] Oil futures stumbled slightly yesterday on mixed signals over US crude stocks but soon regained the morning's highs as Opec ministers hammered home the message that output cuts were here to stay. Benchmark Brent blend crude abandoned
      Reuters  -  312 words
    • Article
      Lock icon Gold posts biggest 2-day gain in nearly 6 years
      197 24 Bloomberg [LONDON] Gold posted its biggest two-day gain in almost six years, helped by Gold Fields Ltd, which bought some of the gold auctioned by the Bank of England on Tuesday. Gold Fields, the second largest gold mining company, said it
      Bloomberg  -  197 words
    • Article
      Lock icon CURRENCY REPORT
      314 24 Reuters, AFP London THE yen continued to push higher against the dollar yesterday, but with the world's most powerful finance ministers and central bankers due to meet on Saturday, currency traders are treading wearily in case of joint intervention. Analysts said even though the chances were slim that
      Reuters,; AFP  -  314 words
    • Article, Illustration
      Lock icon Untitled
      1261 24 INTERBANK CROSS RATES Sep* AS CS Bmb Euro Ffr Dw HK$ tnd Bi hurt* Yen Wow W Whlih hw S$ Bud Sft WT5 8afct Km* US$ Australia 0.961 6.178 0.621 4.075 1215 5.067 28.418 54.316 0.680 7J77 2.479 1.240 33.797 26.317 1.115 1952 0.996 20.*****.356 0.400 0.652 Canada 1041 5.636
      1,261 words
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      Lock icon Untitled
      1859 24 SICOM FUTURES Sep 22 RUBBER (futures dosing at 5.30pm) RSS1 CONTRACT (S cwtsAg) Ck»e Volume Open Month High Low Sett (tonnes) Mwrt Oct 99 96.50 300 600 Nov 99 100.00 300 Dec 99 103.50 103.50 103.00 900 600 Jan/Mar 00 107.75 300 Apr/Jun 00 m.75 Jul/Sep 00 1M. 75 RSS
      1,859 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Shares fall on concerns over US rates, rising yen
      2401 25 HONGKONG AFP P Hang Seng -***** HONGKONG share prices fell 1.7 per cent yesterday as worries grew over a US interest rate increase and the surging yen following heavy falls on the New York and Tokyo markets, dealers said. Howard Gorges,
      AFP  -  2,401 words
    • Article, Illustration
      Lock icon CHINA
      857 25 Reuters HShenzhenßlndex 42 SHENZHEN'S hard currency B shares closed slightly higher yesterday, aided by light buying from domestic brokerages, analysts said. The B share index edged up 0.2 point, or 0.23 per cent, to 89.39 on thin turnover of HK512.47 million, though that was up from HK$7.7l million on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  857 words
    • Article
      Lock icon Stocks suffer biggest fall this year
      2131 25 TOKYO AFP Q Nikkei 225 407.03 SHARE prices in Tokyo tumbled in their biggest fall this year losing 3.4 per cent yesterday with investors depressed by the Bank of Japan's refusal to ease monetary policy to stem the yen's rise, brokers said. The key
      AFP  -  2,131 words
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      40 25 The Taipei market was closed yesterday The secret of success Taking the right course, of course. Study the wide range of courses available in the Education/Training Section in the Classified Classifications 700 to 799 Buy h. Sal h. Find It
      40 words
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8189 26 MDUSTMAU Consumer products 1999 Last Vol Day Nat Cap H» Law Canany Sa«a *000 Law P/l $wM 440 255 AJInomoto 310 19.7 125.6 174 46 Angfcasa 105 -3 7 105 105 154.8 404 220 Apollo Food Hlg 330 -2 1 330 330 11.5 132.0 294 115 BariayaLand 169 -10 228
      8,189 words
    • Article, Illustration
      Lock icon Shares tumble in tandem with regional markets
      420 26 AFP, AFX-Asia C 3 Composite Index -18J3 MALAYSIAN share prices closed 2.5 per cent lower yesterday in line with weak regional markets after sharp falls on Wall Street and on a rising yen, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell
      AFP,; AFX-Asia  -  420 words
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      31 26 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best site: Check The Straits Times Classified First. CATS. Buy h. sa It. Find It.
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  • STOCKS warrants, clob, regional
    • Article
      Lock icon Untitled
      3076 27 TURNOVER COOO) VALUECOOO) wi T«m xn T*I MuMM- 33.141 33.141 ***** 66,615 Manufacture 58.832 63,059 121.891 103.543 35JV4 138.759 C winnerc* 16,163 2.045 20.208 ***** 1.444 34,229 Tpt/5 tor/Com 28.711 714 29.425 104.888 379 105^37 FtoWK* 25J23 25,323 172.048 172,048 C on tt ruction 4.795 2.802 7,597 3,098 1430 4.528
      3,076 words
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      Lock icon BANGKOK
      861 27 AFP □set Index -15.39 THAI share prices closed down 3.6 per cent yesterday, with investors concerned about weaker regional markets and Wall Street's sharp decline, dealers said. Foreign-led selling of large caps pushed share prices sharply lower, they said. The Stock Exchange of Thailand Index shed 15.39 points to
      AFP  -  861 words
    • Article
      Lock icon MANILA
      285 27 AFP PHILIPPINE share prices closed lower yesterday in reaction to the fall on Wall Street and fears that the record US trade deficit could push interest rates higher. The Composite Index fell 18.81 to 2,107.73. —AFP ie# 22 Hm *h (000) Abacus Construction 2.44 0.10 21 Aftoltll Equity 2.34
      AFP  -  285 words
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      Lock icon SEOUL
      296 27 AFP n Composite Index -15.85 THE Korea Stock Exchange Index closed down 15.85 points at 941.57. Volume was 298.9 million shares worth 4.8 trillion won. —AFP S*»22 «M AnomSoml moo MSO Brain Tocti 2015 S Control Bank 2835 35 ChollComm ***** 2500 DnGUBIM 4660 -120 DMung Corp 6550 260
      AFP  -  296 words
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      Lock icon JAKARTA
      756 27 AFP Q Manila -1&81 Q Composite Index _-LU INDONESIAN share prices closed 0.3 per cent lower yesterday in line with major regional bourses as investors remained sidelined on concerns over East Timor and the Bank Bali scandal, dealers said. An analyst with Harita Kencana Securities said the market was
      AFP  -  756 words
    • Article
      Lock icon SYDNEY
      601 27 AFP F1 All Ordinaries »2i THE Australian share market defied a slide on Wall Street as it ended up just 0.1 per cent yesterday thanks partly to a rally in gold stocks, brokers said. The All Ordinaries Index ended the day 2.9 points stronger at 2,901.70. The All Industrials
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      Lock icon WELLINGTON
      275 27 AFP Q Wellington -19.96 NEW Zealand stocks eased yesterday following reversals on the New York and Tokyo markets, dealers said. The NZSE-40 Capital Index fell 19.96 points to 2,064.98 on total turnover of NZ5126.3 million. "We had a market which was reflecting weak offshore, global markets," said Matthew Rose
      AFP  -  275 words
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      34 27 A golf membership that's still paippip|Bpfip| a good investment even if you decide never to play golf again. IliBHSi The Bintdn Lagoon Golf Membership. Great qolf and qreat resort for just S46Z a month.
      34 words
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  • Article
    Lock icon STOCKS ses
    8565 28 MAIN BOARD Transaction date: Sep 22 Of Or HW* S2 W Last Vol Day Last Ouol. Dtv Ot* VM Mat Cap A»q Htgh Low St No Company Sale COOP) High Low Buyor Seller C'yf H P It Smll Price MULTI-INDUSTRY 182 17.5 m b 1000 Acma 50c 116
    8,565 words
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      59 28 Multiply your wealth. I tmr Wf A T^e Equity Investment Account from Citibank. Tm W Gives you credit to invest in shares and interest on your positive balance. pj jJK W What better way to multiply your money? Call 339 7126 to open an account today O visit our website
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  • EXEC lifestyle
    • Article, Illustration
      Lock icon Diana to get permanent memorial
      398 29 It'll take form of a fountain in one of London's royal parks Reuters [LONDON] British Prime Minister Tony Blair, responding to pleas from around the world, said yesterday a permanent memorial to the late Princess Diana would be built. His announcement came in an interview
      Reuters; FILE PHOTO  -  398 words
    • Article, Illustration
      Lock icon A Blass of the personal
      517 30  -  Only Bill Blass' show came close to evocative on a bland NY catwalk last week, cathy horvm reports CATHY HORYN NYT LAST Thursday morning, as rain beat against the windows. Calvin Klein was in his office giving a reporter a preview of the spring collection
      NYT  -  517 words
    • Article, Illustration
      Lock icon Hits and misses
      600 30 RANDOLPH DUKE FRIDAY'S collection didn't seem especially personal broad-striped balmacaans, beaded slip dresses and long shirt dresses that could have been designed by Oscar de la Renta or Halston. and in fact probably were. Duke's perky knit hot pants and popover tops looked warmed over. Ditto shiny
      FILE PHOTOS  -  600 words
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      420 29 Where to wine, dine and entertain...^^ mM Eat across the region with signature dishes such as Hong Kong's famous Shark's Fin Soup, spicy Thai Tom Yam Soup, hearty Penang Char Kway Teow, crispy Japanese lempura, delicious Sichuan Dan Dan Noodles and tasty Wanton Noodles from Singapore. Lunch/Dinner: #22.50 (Adult), 50%
      420 words
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      39 29 Create your own set luncb of Continental cuisine with strong French Italian influences. Mondays to Fridays 100 noon to 2.30pm (last order) fSF Price: $28++* Vl* Nvolviaf Reservations: *****58/88 ''X'™ Mantkirin Sisujaporr 333 Orchard Road, Singapore *****7. Tel: *****11
      39 words
  • Page 29 Miscellaneous
    • Miscellaneous
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      1060 29 CRYPTIC CROSSWORD 31 aid for devel- h SggS*****L opment? (9.4) 1511 may innumber cab TMrNcMTMmNI down (5) BcWrBSBMbBSHrH 16 Abode made of sundried 2 Unavailing suggestion for bricks (5) P economy (7) 20 A perfume's distinctive na--3 Motorist's kit? (4) tu *g fcTHotG®™uoTN^^ 4 A cheese snack undercooked ~V UoMEMOM
      1,060 words
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      92 30 "31 To make the right decision at the right time, what you need is the right information. Which is why for 23 year*, investors have subscribed to Singapore s leading business daily. Whether it's exploring macro-economic issues or exposing wild market INTELLIGENCE CHANGES EVERYTHING. r "T u The u f
      92 words
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  • MOTORING page
    • Article, Illustration
      Lock icon All the F1 thrills and spills — on the Web
      674 31  - All the F1 thrills and spills on the Web Can't make it to Sepang or Suzuka? Try these sites if you want an adrenalin rush, writes andrew wee ANDREW WEE [SINGAPORE] IF you're unable to make it to Sepang in Kuala Lumpur or Suzuka in Japan for the last two
      AFP  -  674 words
    • Article, Illustration
      Lock icon Renaissance for high-end cars
      683 32  -  f!AP TRACK The economic recovery has driven up sales of bigger and more luxurious models, writes CHRISTOPHER TAN CHRISTOPHER TAN [SINGAPORE] It's as good a sign as any that economic recovery is well in place sales of high-end cars have returned to, and in some cases
      683 words
    • Article
      Lock icon The OMV guide
      1010 32 Average open market value (OMV) of cars legetorcd in August 1999 MOOa/MAKE CC AMEOMVg) MOKUMNE CC AWE OMV{S) AUB8020EA 1504 ***** MffSUBMIIQAMAHTE 33 2572 33.678 MJUVDZeEA 2598 3ftO« rrr Mf1IAA9fiA O 771 ob coq OWiTT i*. ±H1 MSSANSUNNV15 M 1,486 13,1 <6 BMW3iaAoeno 1.796 sasoe tmmsuHti ALTO
      1,010 words
    • Article
      Lock icon Keppel Insurance sued over copyright
      379 32  -  New agency alleges it used proprietary info to offer similar insnrance product Reports by Christopher Tan [SINGAPORE] In what's believed to be a test case, a start-up motor insurance agency is suing major player Keppel Insurance for copyright infringement. The partners of Risque StrategiQue, a
      379 words
    • Article
      Lock icon System for open COE bidding: five proposals
      262 32 [SINGAPORE] The government has received Five tender proposals for a system to facilitate open or transparent bidding of COEs (certificates of entitlement, or govern-ment-auctioned permits to own cars). The proposals were from parties shortlisted to take part in a closed tender the Land
      262 words
    • EXECUTIVE Suite
      • Article, Illustration
        Lock icon Developers hold back launches
        790 33  -  The buying momentum that the market was expecting after the Hungry Ghost month has not picked up yet, reports MAUSSAOBBI MARISSA CHEW WHATEVER happened to that slew of new home launches expected after the Ghost Month? Before the Ghost Month, which started on Aug 11, a
        FILE PHOTOS  -  790 words
      • SPECIAL FOCUS
        • Article, Illustration
          Lock icon Bargaining chip in en bloc gains
          1198 34  -  What owners get from collective sales depend a lot on their negotiating ability as well as comparative advantage of their properties. lum sau Km, sim 100 les and malone-lee Lai choo outline other factors LUM SAU KIM, SIM LOO LEE,MALONE-LEE LAI CHOO The writers
          1,198 words
        • Article, Illustration
          Lock icon Collective sales seen surging
          830 35  -  With the new law passed, at least 10 sites are likely to be offered in the coming weeks, says jerebkt lake JEREMY LAKE The writer is executive director of investment sales at CB Richard Ellis COLLECTIVE sales activity has picked up substantially in the last two
          830 words
      • Article, Illustration
        Lock icon HOUSEHUNT
        2681 36 Property transactions for selected districts lodged between Aug 30 and Sept 20, 1999. PROJECT NAME/ PROP CONTRACT TtNURE BULT-W PWCE PSF PROJECT NAME/ PROP CONTRACT TBWRE BULT-W PRtt fSf SHKTNAME V« DATE LAND AREA* STRKTNAME TYPE DATE LAND AREA* (SOFT) (SS'OOO) (S$) (SOFT) (S$TOO» (SS) District 02 Kim Keat
        2,681 words
      • PERSONAL SPACE
        • Article, Illustration
          Lock icon Playing up the tropical theme
          1104 37  -  Museum director Kenson Kwok shows PARVATHI NAYAR his comfortable yet functional dwelling PARVATHI NAYAR IT is unpretentious, designed for comfort, and an organic extension of the owner's personality and interests. Kenson Kwok, director of Asian Civilisations Museum, agrees that his walk-up apartment in Cairnhill Court
          1,104 words
      • OVERSEAS MARKETS
        • Article, Illustration
          Lock icon UK housing prices seen peaking
          750 39 Affordability, consumer confidence will buoy market though a slower price surge is seen, economists say Reuters BOOM is the word reverberating through the housing market in Britain where dinner party chitchat over prices is again a national pastime. Prices in England and Wales leapt 8.1
          Reuters; FILE PHOTO  -  750 words
      • SHOWCASE
        • Article, Illustration
          Lock icon Gardenville lives up to its name
          1160 40  -  ooßnmE hers looks at how the Walshe Road project has capitalised on its surrounding natural reserves, especially Shangri-La Hotel's lush greenery CORINNE KERK Gardenville, right smack in the prestigious Walshe Road area, simply cannot disappear into oblivion. Developer Far East Organization made sure of
          PHOTOS BY SIEW YAW HOONG  -  1,160 words
        • Article
          Lock icon New homes for sale
          237 40 ■nPVIVMMMHM DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq ft) LAUNCHED UNITS SOLD* ($pef) Faber Crest CDL 5 Faber Heights 1,012-2,099 240 100 590 99-yr River Place FEO 9 Havetock/Ctemenceau Avfr 678-3.229 509 306 947 99-yr The Aston r» Kai Group 10 River
          237 words
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      71 32 '®iBLj 7 iHSg| HAny petrol can power your car, but Formula Shell XO does more. Its revolutionary formulation cleans your engine as you drive, giving you a silky, smooth ride. Powerful Voporon™ energy w\\AFJ\ boosters unleash extra energy the instant you step on your accelerator. It's the most odvanced petrol
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      1 32 with
      1 words
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      259 33 Mil', i»r I can make a home in the 'City of Eternal Spring Here in Kunming, Yunnan, the southwestern province i^^Mlii! l^ of China, it's always Springtime, with a refreshing 'air-conditioned' climate all year round. v^^^RHHr^BVV^^BHK Our integrated resort features the best Jack Nicklaus golf course in Asia, and our
      259 words
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      Lock icon Page 33 Advertisements Column 2
      197 33 m Mm '-■•Kif t lE -;5M 4 m -:> -v I P^ |P^ 5 < Thanks to a well-considered strategy of among ABX LOGISTICS customers all over the expansion and diversification. ABX LOGISTICS is world. The concept of one-stop-shopping now one of the 10 most Important logistics saves our customers
      197 words
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      332 34 Prime River Valley Residential Area Good address at No. 1 River Valley Close Freehold \miaqa/ x. V Land Area: approx. 20,329 sq ft 4^/motil Plot ratio 2.8, up to 30 storeys Short distance to Orchard Road and the city "r o N^o€ -STlsfM a TENDER CLOSES ON 15 OCTOBER 1999
      332 words
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      Lock icon Page 34 Advertisements Column 2
      135 34 FOR LEASE CHANGISOUTH Fully renovated office Move-in condition Free carpark Near future MRT 5 minutes to ECP/PIE For more details, kindly contact *****94/*****96 Irnmrm xi s~] site area: 43 770 I Plot Ratio: 2.1 V Height: (up to 20 storeys) c Tenure: Freehold TUT Tender Closing Date: 2L. Ll 1
      135 words
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      Lock icon Page 34 Advertisements Column 3
      231 34 For Sale By Tondor investment sales 23 Amber Road Prime Freehold Residential Site Land Area: 11,789 sq ft [T «r »«y\\ 2.8 Plot Ratio: up to 30-storey Easy accessibility via ECP ii "1??" Close proximity to shopping, H 1 q recreational facilities and popular schools Tender closing date: J7 |«A*TOOMTPeiK
      231 words
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      210 35 St. Martin Residence That Marks Your Level Of LjdA to prestige Distinction Luxury WW •<* 4 M I and central city areas. No restriction Orchard Road. Haven FOR SSk*. Wm e the past, St. Martin Residence offers k FROM A CENTRAL layouts in the apartments echo the environment designed for
      210 words
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      95 36 Pay FIXED INTEREST RATE from date aM of first release NOT date of letter of offer 4 For housing loans without hidden conditions, call us —we have been financing homes since 1950 1 c «ji £I* 5i We provide loans and financial assistance for your Corporate and Personal hnancing. M
      95 words
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      150 37 CB Richard Ellis Investment Team A Success Story (s24om sold in August 99) Property: Location: BukitTimah Road Site Area: 49,168 sq ft Sold For: $72.1 m ftk> I I Property: 17 apartments and I bungalow jQMRN Location: Duchess Avenue Duchess Road Site Area: IHHHfc. i wh| Property: 2 bungalows and
      150 words
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      304 38 aKj^^tKtfK/K HB|ll,l ill>pt^flH^^^Hß^H^^H^H9 W 111 «HHHB i tkiTidlH I 1 I BHm h, 1 B 'l"21i »I rliii' IJ 1 11:■ 11 i [|.;ti| hti W££e&^ *9 1 llM'lli i■{. n [t. s= Hi I'l lr Ii If* |s:§ 1 Ws3f& M fljlwi!!ti«i ULfef ih i fr mS Bfl WM
      304 words
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      157 39 Unparalleled LUXURY IN THE HEART OF T R N T IBPP''' lli-L jßßjjr GUARANTEED LUXURV FREEHOLD CONDOMINIUMS LOCHTEO IN TORONTO'S MOST PRESTIGIOUS jflEf O/ BUSINESS. SHOPPING AND ENTERTAINMENT DISTRICT KZv /O |H OVER HUES lllg^Sß //'y{>4>/<>// r rr Hi- >— —-M IssH i.— --*Bi FO trP I L <S N
      157 words
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      Lock icon Page 39 Advertisements Column 2
      354 39 PRIME RESIDENTIAL DEVELOPMENT SITE Invitation For Tender Property Ixora Court k\ Location :17 Evelyn Road \\VvajG«» Ay (off Newton Rd) H j/ Land Area 3,802.4 sqm (Lot 797 V TS 28) g 212.2 sqm (Lot 798P TS 28 IT A subj to special conditions) r Tenure Freehold PIOHIA/g Planning "Residential"
      354 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      315 41 Bridge News, Reuters HEALTHY rates continued to emerge for Atlantic Panamaxes although some brokers said the market may have reached its top. One broker said that for all the "hype", few fixtures have emerged. However, owners in the US Gulf are still asking high rates so it is
      Bridge News,; Reuters  -  315 words
    • Article
      Lock icon MARITIME STOCKS
      281 41 mn t$ w CWT Distribution U9 -0.05 53 ChuanHuo 134 -0.02 569 Cotco Investment IV4 0.02 53 Freight Unfcs ,032 unch 720 GSHakNngs 0.66 -0.02 S Hal Son Hup 066 -001 Ml IMCHoMn«t-HK 5-60 unch 0 jaye HoHtnq*, 0.94 -OOI 7* Jurong Shipyard 7.45 -OJO 201 KeppelCorp 5.40
      281 words
    • Article, Illustration
      Lock icon Axed: Sun Cruises' top executives
      779 41  -  I-i exclusive Workforce of S'pore-owned cruise line slashed by 80% after sinking of flagship By\ Marcus Hand [SINGAPORE] Sun Cruises president Aloysius Lee and most of the cruise operator's senior executives have lost their jobs following the sinking of its U5573.5 million (*****.95 million) flagship
      779 words
    • Article
      Lock icon Green factor may put an end to bargain prices
      726 41  -  NEWBUILDS By. David Hughes BULK carriers are definitely back in favour as this week's new contracts list show. The make-up of recent orders, strongly featuring bulk carriers and container ships, is very much the same as it would have been some
      726 words
    • Article
      Lock icon Klang terminal operator's throughput up 13%
      203 41 [SINGAPORE] Malaysia's Klang Container Terminal (KCT) has chalked up a 13 per cent growth in container traffic to 585,885 TEUs (20-ft equivalent units) for the first eigfct months of the year compared to the same period last year. In August, the operator handled a
      203 words
    • Article, Illustration
      Lock icon Cosco plans new service with recovery of S-E Asian economies
      384 41  -  Chinese giant will resume one intra-Asian service By. Ann Toh [SINGAPORE] Chinese shipping giant Cosco has announced plans to re-start its business in South-east Asia following early signs of economic recovery and an improvement in the container imbalance situation. Wang
      384 words
    • Article
      Lock icon Regional cruise industry seen as having great potential
      294 41  -  By Marcus Hand [SINGAPORE] The tremendous potential of the cruise industry in the region topped the agenda at the third meeting of the Maritime Port Authority of Singapore's (MPA) International Advisory Group over the last two days. "Members felt this region had
      294 words
    • Article
      Lock icon UK bans Nigerian ship from European ports
      148 41 Reuters [LONDON] A Nigerianflagged tanker, the 646 gross tonne Delmar Eagle, has been banned from entering European ports, Britain's Maritime and Coastguard Agency said on Tuesday. The ship was banned after leaving Penzance without permission last Thursday having being detained since February for
      Reuters  -  148 words
    • FOCUS cargolux
      • Article, Illustration
        Lock icon Dedicated to serving the world
        1036 42 Airlines such as Cargolux ship at high speeds, feeding economies and providing vital links in export/import business Rolls Royce Magazine [SINGAPORE] WHEN an airline includes a road feeder network as well as a flight destination map in its annual report, then you know that it
        Rolls Royce Magazine  -  1,036 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      199 42 PAGE Djak Lloyd 8 ACL 6 Dongnama 3 ANL 3 ECU Line 6 Accord 8 ECl 4 Appenship 5 tver,rew 6 Austral 8 Foo Sm 8 BaLaji Shpg S temartrans 6 BSA 7 o. u o 7 B tang Mas 8 Hanjin 3 CCNI 7 Heunq-A 4
      199 words
    • Article
      Lock icon SHIPPING GUIDE
      19936 49 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyaqe Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oestn Name Name Number Number SIN Dest'n Name Name Number Number To BUENAVENTURA (BUN) 2059 Colombia To ABIDJAN (ABJ) 2003 Cote D'lvoire 10/11 csav iwato own 65-*****55 02/10 06/n Setramar VILLE DE SAGITTA
      19,936 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        662 53 Vessel Voy No Berth Arrival Departure 8tR8 26«8 1099 J 22/09/8:20 22/09/18:00 Putrnnjnd«h2 ***** J13 22/09/900 ***** JOT 22/09/9:10 22/09/2*00 S-jflwt ***** J02 22/09/705 22/09/23:00 southool* ***** JOT 22/09/8:55 22/09/23:00 IjlamaMd 187 HW J0« 22/09/935 22/09/23:00 22-SCP J09 22/09/9:50 22/09/15:00 57 J02 22/09/9:15 22/09/20:00 BtSIUUtta ***** J01 22/09/1300
        662 words
      • Article
        Lock icon CONTAINER SCHEDULES
        2009 53 RECEIVING OF EXPORT FCL CONTAINERS ANPLCLCAROO Booklnq/Btltnc* Rstls Ship Voy No Etb/Btr PtrloO From To From Ml DAHLIA 0131 24/7:00 2A W™ 22/0*59 22/MOO 21 21/1700 22/0*59 22/0100 J 22/0700 22/1159 22/1400 4 22/1200 22/1459 22/1700 AMOD CMAU. NN 2V9*0 2A 21/1700 22/OU9 22/0900 21/1700 22/0659 22/0900 22/0700
        2,009 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        189 53 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).
        189 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        778 53 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        778 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        409 53 Crton 180 MM 990.0 12 14.7 0.08 T4 0.05 u rwa«jtv RiihIu* Ash AMinrtntviw Ho AbOW C25 0 1 0 S**' 6 D ni tr j8o Ave 986 2 0.4 13.4 0.07 32 0.02 a l2l 380 MAX 993.4 0.8 15.7 0.11 70 0.06 Ktflri H/U
        409 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air Canada turns down Onex's takeover bid
        527 54 Air line board calls proposal harmful, urges shareholders not to sell their stock NYT [TORONTO] Air Canada rejected a hostile takeover proposal on Tuesday from Onex Corp, a conglomerate that wants to merge Air Canada with its weak rival, Canadian Airlines International. Delivering
        NYT; FILE PHOTO  -  527 words
      • Article
        Lock icon Delta cuts fares, other airlines follow suit
        230 54 Reuters [NEW YORK] Delta Air Lines Inc said it is cutting its fares for fall travel in the United States and to some European destinations, with added discounts for those who buy their tickets online. Delta spokesman Clay McConnell said the discounts are
        Reuters  -  230 words
      • Article
        Lock icon Four bolts cracked on FedEx jet
        192 54 Reuters [NEW YORK] Four of the six bolts holding a wing flap of a DCIO jet fractured as it came in to land at Memphis International Airport, a preliminary inquiry into the incident has found. No one was hurt when the Federal Express cargo
        Reuters  -  192 words
      • LOGBook
        • Article
          Lock icon Garuda gets US$62m a year for debts
          73 54 Reuters [JAKARTA] State airline Garuda Indonesia said yesterday the government had agreed to give it an extra US$62 million <*****.4 million) per year for eight years to help it repay debts. "Indonesia decided to give Garuda US$62 million per year for the next
          Reuters  -  73 words
        • Article
          Lock icon KLM to launch low cost airline
          59 54 Reuters [LONDON] KLM Royal Dutch Airlines said yesterday its British subsidiary was launching a new low cost airline to compete in a booming European budget market The airline, to be launched early next year by KLM uk, will be branded "buzz" and operate out
          Reuters  -  59 words
        • Article
          Lock icon More flying to Berlin's Tegel
          100 54 AFP [WIESBADEN, Germany] The number of passengers flying between Frankfurt and Berlin's Tegel airport, the most important domestic flight route in Germany, increased sharply in the first six months of the year, the Federal Statistics Office said on yesterday. In the period from January to
          AFP  -  100 words
      • Article
        Lock icon El Al delays decision on plane orders
        246 54 Bloomberg [TEL AVIV] El A 1 Israel Airlines Ltd, Israel's state-owned carrier, said it will delay a decision to purchase planes from Boeing Co or Airbus Industrie while the manufacturers improve their offers. El A 1 wants to get commitments from Boeing and
        Bloomberg  -  246 words
      • Article, Illustration
        Lock icon Austrian Airlines to quit Qualiflyer, join Star
        354 54 Bloomberg [VIENNA) Austrian Airlines Aviation Group (AUA) said it is quitting the Swissair-led Qualiflyer alliance in favour of Star Alliance, the world's biggest airline partnership, to bolster its position both in the US and Eastern Europe. The Austrian air group will leave Qualiflyer
        Bloomberg; FILE PHOTO  -  354 words
      • Article, Illustration
        Lock icon All set for opening
        75 54 [BEIJING] A train, undergoing testing, pulls into a new subway station, as authorities get ready to open the long awaited 7.51 billion yuan (SSI. 5 billion) extension of Beijing's major east-west subway line next Tuesday. The newly completed 13.5 kilometre long line runs underneath Beijing's main
        AFP  -  75 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1858 54 an FLIGHT ETA FLIGHT JTD S0325 1450 ****** 2350 MMMl M73M MO IA73K 2055 LH778 1605 $***** 2350 Of 82 >055 ****** 1605 LH6373 2355 AN8229 2230 S***** 1605 $026 2355 LH6380 2230 "7306 1815 S0229 2230 0F6 J 8 5 tmttrte* KL837 1455 GA972 0010
        1,858 words
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      Lock icon Page 42 Advertisements Column 1
      199 42 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com (for USA rates) www.na.nykline.com Af iwe W NIPPON YUKN KAISHA SENLIM AGENCIES PTE. LTD. 133, New
      199 words
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      723 42 U Members ot the > jIKJ Singapore Freight Forwarders W A«o«.tton Lines services represented t#r\W\ Dy Members ,he R®9«s"> of Accredited Shipping Agents. S'pore National Shipping Assoc LILY LINE MALE I VESSEL VOY ETA |~ITA Tlw P. KLANG SPORE MALE Empress Lily V 0599 07/10 08/10 17/10 Princess Lily V
      723 words
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      1108 43 SAX SERVICE (DIRECT) VtSSB VOY SM EU LAX OAK Bit HOU Q< CO! MEM All NYC APIJADE I 014E IS/09 30/09 05/10 05/10 05/10 05/10 05/10 05/10 06/10 06/10 AfIGARNH 0141 22/09 07/10 12/10 12/10 12/10 12/10 12/10 13/10 13/10 14/10 tfisnm 014E 29/09 14/10 19/10 19/10 19/10 19/10 19/10
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      2311 43 CesNeer imrka Hrthr. (S) HANJIN SHIPPING lik I-1 U .Mb *****3 C HJUUIN SHIPPING IS) PTI lIP bfr cot tOWIHC *****35 TV WIS *****74 731 POCUMfIfI *****71 7/4 OftHAllOltS *****50 gSI mi* LKf *****5S HI *****40 CI HO U*****0000M TO NW USA CANADA USA CANADA* FM VSI/VOY IAM SM UMHALR/VOY
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      270 43 fw FITTS I —I I I I I I I I m*] UMRBUM 1 f!3S I U/W I |Afi( 013A|lf/W| zl/W *gp*HUA oiiT woo ts/w 29/w oi/io M,',jQ jjjjj HTuwMusymna 030S w/w oi/io oviD ovio 04/10 1 Jill I.W'IfgTTBIMM MIC HOW6MW6 913S H/W 20/09 9130 29/W 10/10 OS/10 (M/ 10
      270 words
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      1722 44 DSR-SENATOR LINES TO UK/CONTINENT TO MEDfIUUIANEAN^CANADA VESSEL VOT "ST LfH HTM AHB WW WV FU KSUL >0Y SX GH tft FOt ¥IC MTU HAftMN SAN FRANCISCO 001JW 22 00 0010 It IS 11.* 1310 13 19 IS 10 LONOCN SENATOR 0041W 23 00 10 10 1210 1410 1010 23 10
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      971 44 m. AM MAC-NELS S PORe M'SIA Cantor: MM CONTR LINES, INC P. GUOAMQ: (07) *****26 I -fw V J OK NO. IKM7SOOOM BSU: (064)*****9 MAI6LA (632) *****24 V PENANQ: (04)*****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT (21)*****46 KUO6NQ (062)*****1-3 VANCOUVER BC I MADRAS MV "HJ
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      559 44 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VttMl S PORE N SHEVA COLOMBO PKLANG TULSIOAS Vll4 24 SEP 01 OCT 17 OCT 11 OCT TARPON SILVER VIO4W 27 SEP OS OCT 12 OCT 17 OCT CAPE CANAVERAL VII2W 04 OCT 12 OCT 10 OCT 24 OCT TULSIOAS Vll5 11 OCT 10 OCT
      559 words
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      1633 45 |VESSEL VOY KHH HKG SIN PKO I PQfl DXB PMM BA I BIK I IRAN SHAMRYAR 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 08/10 15/10 16/10 17/10 19/10 21/10
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      2296 45 Nfookly PirMt Calls to Kobt (6 Dtyi),l Hogoyo (7 Doy») Tokyo (S Day) J SINGAPORE'S GENERAL AGENTS: 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OfFKE; j COSTAR SHIPPING PTE LTD #12-00 SAUS/BKGS *****57/60 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD 1 CR
      2,296 words
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      1484 46 EUROPE/UK/SCAN DINAVIA/FINLAMD/RUSSIA SGP ROM ANW HBG TUP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DEVOTE RW 008 26/09 14/10 70/10 16/10 18/10 19/10 20/10 E RIGHT RE-040 02/09 04/09 03D9 06/09 07/09 26/09 27-09 E DEVELOP RW 008 03/10 21/10 27/10 23/10 2S/10 26/10 27/10 E REWARD
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      1080 46 ADVANCE CONTAINER LINES (PTE) LTD Af I TEL: *****21 FAX *****19 TELEX RS ***** ACLrL rlVfa FOC BOOKINGS PLEASE CALL; *****22 SALES MARKETING *****21 28 OPERATIONS *****60/ *****06 CR NO **********0E lAWCKOK 7 JAKA»TA-(7 MH^»i» vessel voy sin BMC vEssa VOT SIN JKT YANTBA BHUM [RATI 309N 23/9 IKj 26/9
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      438 46 SO TROK BLAMGAH ROAD #02-02 CJTIPORT COTRE STORE MttZt TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ETA ETD OESTMUTION IRIMAWA 0799 *****9 PASIR GUOAN&PONTIANAMMfTOK LMAMU 1099 *****9 259M09 PONTUNAK INABUKWA 3399 *****9 *****9 PALEMBAN&PKL BALAM For enquiries and bookings please contact SEASPACE SHIPPING
      438 words
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      497 47 BSA x IM MYANMA wSm, FIVE STAR LINE (Myoanor Notional Liio) loading for Yang on (Rangoon) VE5511 VOY SIN PKI PEN PGU KENG TUNG 4W SU> SAGAING 67W SU) MALAYSIA AGENTS: tOUSHAD SHIPPING AGENCIES KUL Til (03)*****00 PKL TEL (03) 376*101 PEN: TU (04)2****** PGU: TIL (07)*****21/4 BANK LINE (A
      497 words
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      1220 47 1-mjNDAIMERCHANT MARINE CO/LTDIvssa VOT sm sou i« tm »m |hmi| m n wr|soM|i»|rai|<wlHMi|wv|>alMil DANUK S47W 24/0* 11/10 14/10 13/lfl 14/10 HYAMMUI 3JI! JO/M 04/0* 01/09 02/W 2J/09 MONTI ROSA S3OW 24/09 17/10 11/10 IJ/10 14/10 HYWQMSS 31* 01/W 00/W 04/W 07/W 2S/09 HYfHBUU. 3KHN 27/00 13/10 14/10 10/10 10/10 BUS
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      1159 47 WALLENIUS WILHELMSEN TO MOBTH AND UTIN AMERICA "CAN RORO HIAVYUFT SERVIQ" vissu voy ramp man sin iax crl mia sav bal orf ntc new moi TAPIOU AHO6 400 Imm 6.3 M ***** 25/10 W" 06/11 08/11 10/11 U/11 13/11 17/11 11/11 VMM AHO7 4001 MS 6 34* 12/10 09/11 U/11
      1,159 words
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      767 48 BANGKOK/ MAP TA PHUT/ LAEM CHABANG JAKARTA/PAN JANG FSSFI OY SIN BKK MTP LCH ESSEL OY SIN JKT~~ PJN KOTA HARTA HTAO6S In Pt 26/09 BAN I BHUM 12SS8 ***** 26/09 YANTRA BHUM 309N In Pt 26/09 25/09 BUNGA MAS TKjA *****3 2S/09 29/09 MATHU BHUM 433N 25/09 29/09 28/09
      767 words
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      359 48 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL CONTAINER SERVICE va Ivorl ms aiTwa m sr» m. it m|« mawMP m 71/w 11/10 c/io os/i» w/n MSttAI a/W *4/19 19/10 12/14 »/!4 woißum g is/h n/n i//f n/i* n/n MMVOtT 17S_ U/IO 14/10 »/IO N/14 FEEDER SERVICE TO INDONESIA V* vor
      359 words
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      750 48 PSSFIs OY ~aN~' PKL JED MLA LEH RTM HAM ZEE SOT SAUDI JEDOAH N33W 28/08 29/08 07/10 12/10 17/10 18/10 3VIQ 22/10 23/10 SAUDI JUBAM. H33W 04/10 06/10 14/10 19/10 2VIO IQO 29/10 31/10 ILLE D'ORION Y33W 15/10 16/10 ~25/10 29/10 03/11 04/11 06/11 07/11 06/11 ILLE DE MIMOSA 34W
      750 words
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      53 49 FAR EAST KYOWA L,NE Direct Breakbulk/Container/LCL EUROPE Service to Manila/Guam/Siapan FULL CONTAINER Agents: V-Grow Shipping Pte Ltd J See Page 7 Daily EXPRESS SERVICE 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 to Pg
      53 words
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      51 51 STSZ74OIOO onaemancT (Retrieve more schedules!) Press "1" Select the port and key in the four digit code eg: To New York (NYO 2275 st Key in your fax number I Enter your phone number Another innovative service offered by T^ e document will be Shipping times !3fc/!t x S2» y
      51 words
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  • Page 53 Miscellaneous
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      133 53 i i 10S^^\ LEGEND R Thunderstorm Temperature o Q X\ y Shower Weather _X Wind direction with speed m knots Rom Cloudy Sky Wove h *rf* Surface winds ore indicoted by arrows which fly with the wind One full circle represents calm or kght and voriable winds One holt Heche
      133 words
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