The Business Times, 5 October 1999

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Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (Pl^£lsf3Tx as* SINGAPORE I Internet: http://business-times.asial.com.sg/ TUESDAY. OCTOBER 5. 1999
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  • 58 1 am 2037.87 (-1339) mm mn <4.41) VjSDDGiniTUIISi mm mn (-0.90) STOCK HABKET INDICES Monday Change KI5EC0MP ***** +171 NIKKEI 17,76X71 +M.16 HANG SENG *****.86 +***** SET INDEX MJi -1U JAKARTA COMP 655J6 -16.74 MANILA COMP _2.164.28 +UU TAIPEI WPI 7,686.48 *tU» SEOUL COMP 8I8J7 -2638 CLSA CHINA B
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  • 75 1 ram bask US» 8$ uss ijm £(US$/SSper£) 1.660 1861 ETHXUSS/53 per E) 1.071 Wtt DM 1J87 0.920 YEN 1060 LOOT RM U00 0.447 HKS 7.717 Oil* BAHT ***** 0.042 RUPIAH MOO OKI* •sr«ija»i«ai ROB BARS SINGAPORE* 5.80 KUALA LUMPUR 715 JAKARTA 4» M BANGKOK M.W MANILA ll.Ot HONGKONG 8.25
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  • 764 1  -  NTUC Income is not compatible with ICS, says chief executive TanKinLian By\ Siow Li Sen [SINGAPORE] Speculation of a tie-up between the Insurance Corporation of Singapore (ICS) and the giant NTUC Income cooperative is likely to continue running for some time yet,
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  • 294 1 Move comes just days after DBS did the same to ICS [SINGAPORE] United Overseas Bank is paying a premium of 30 per cent to take United Overseas Finance private, just days after the DBS group did the same to Insurance Corporation
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  • 564 1  -  Refinancing allowed since no increase in banks'exposure By\ Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore (MAS) clarified yesterday that it has not eased its policy on housing loans. Responding to a BT article yesterday on home loan refinancing,
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  • Page 1 Advertisements
    • 91 1 msmg Top stories En bloc tax bill: no relief in sight. Pg 2 Ho Bee applies to list property business. Pg 4 MAS'sY2K liquidity scheme for banks and financial houses. Pg 9 Hopes up for more anchor banks after Dr M's remarks. Pg 15 Corporate sentiment in Japan improves dramatically.
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    • 109 1 jspk,.. m Lee Han Shih on the v W of the two mm *>m Bengs Property Pg 1 2 Ong Beng Senq Kwek Lcnq Bonq ff* HRI m >< mjSyKj ?sS■ i ff^H IrHH IHg|^^^BM|| You never 1 U U PATEK PHILIPPE GENEVE actually own a Patek Philippe. You merely
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    • 4 1 MAS letter, P# 2
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  • THE next page
    • 581 2  -  I-ii exclusive Those who had units for nnder 3 years and forced to sell have to pay taxes By] Marissa Chew [SINGAPORE] Those hit by a hefty tax bill after a collective sale of their properties because they have not owned
      FILE PHOTO  -  581 words
    • ON THE grapevine
      • 56 2 WE hear that negotiations between Singapore Telecom and Deutsche Telekom to set up a company to pool their regional cellular phone assets are in an advanced stage. The company goes by the working name of "Asia Celco" and it is likely to be headed
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      • 81 2 OVERSEAS Union Bank has sounded out banks on a US-dollar loan for Overseas Union Enterprise Ltd, the latest edition of basispoint reported. The maturity is five years and pricing indicated was around 150 basis points. OUE is the hotel and property arm of the OUB
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      • 53 2 TAIWANESE funds have found their way to Singapore in the wake of the devastating earthquake which has claimed more than 2,200 lives. One banker told us a venture capital fund that his bank is raising has received an unusually high level of inquiries from Taiwanese
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      • 90 2 ITS not always true that companies reward shareholders at the expense of employees. Marine group Chuan Hup Holdings, which has just announced plans to reward shareholders with a l-into-5 stock split that is in effect a 4-for-l bonus, was just as generous in rewarding
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    • 335 2  -  =i I =1 :Ito the editor Leong Sing Chiong Assistant Director (Corporate Communications) Monetary Authority of Singapore THE headline of your front page article yesterday, "No 80% limit for home loan refinance: MAS", was sensational and could mislead your readers into thinking that
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  • Page 2 Advertisements
    • 35 2 Poetry in Motion Its upper back as your upper back Its lower back as your lower back Its seat as your seat Its arms f u < > c s as your arms n i < > c s.
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  • Page 3 Advertisements
    • 186 3 NOKIA People see Asia's top golfers battle for the US$4OO,OOO Nokia Singapore Open. j From October 21st to 24th, the top golfers on the Asian PGA tour will come together at the Orchid Country Club for the highly-prized Nokia Singapore Open. This prestigious event is a rare opportunity to witness
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  • SINGAPORE companies
    • 232 4  -  Firm told to explain decision to drop ont of both SES and Irish exchange By] Eugene Low CHINA North Industries is seeking to delist itself from the Stock Exchange of Singapore following the cancellation of the company's listing on the Irish Stock
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    • 595 4  -  I exclusive Unit has impressive list of property projects in London as well as at home By] Kalpana Rashiwala HO Bee Holdings, which has bought $80 million worth of properties over the past two months, has submitted an application to the Stock Exchange
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    • 360 4  -  Talks on USs72sm hotel sale now on non-exclusive basis, says Regal By. Kalpana Rashiwala YS Lo's Regal Hotels International yesterday said it was continuing discussions to sell its North American hotels for US$725 million (551.23 billion) to Millennium Copthorne Hotels on
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    • 373 4  -  By\ Siow Li Sen OCBC Bank is unlikely to take over Great Eastern Life, the other listed insurance company, at least not in the foreseeable future. Last Friday, DBS Group Holdings announced a plan to privatise The Insurance Corporation of Singapore
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    • 765 4  -  I lock siew quak hiang whai IF by now you haven't moved into the business of multimedia, Internet or anything that remotely sounds hi-tech, you probably have forgotten how to make money in Hongkong. But then again, it is probably
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    • COMPANY Briefs
      • 49 5 THAKRAL Corp has appointed Henry Tse, formerly the head of Compaq Computer's consumer products group in China, its managing director and head of the group's information technology business. Thakral is the distributor of brands such as IBM, Hewlett-Packard and Apple Computer in China.
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      • 54 5 KEPPEL Fels Energy and Infrastructure's offshore arm, Keppel Fels, has completed a US$lO million contract to repair Tam Dao, a jack-up drilling rig belonging to Vietsovpetro, a joint venture between Vietnam and Russia. The rig was built by Keppel Fels in 1988 and has since
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      • 48 5 SINGAPORE Warehouse Company (SWC), a subsidiary of Hwa Hong Corp, has subscribed for 50 ordinary shares of £1 each for a 50 per cent stake in Coralsands, a UK-incorporated company. Coralsands is now an associated company of SWC and Hwa Hong.
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      • 29 5 FORM Holdings yesterday said $12.75 million out of the $14.75 million net proceeds from its option share issue will be used to repay bank loans.
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      • 23 5 GOLTRON yesterday announced that Chan Sen Fock and Bernard Sim, directors and audit committee members of the company, have resigned.
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      • 58 5 LUNG Kee International Ltd (LKIL), a subsidiary of Lung Kee Metal Holdings, has increased its paid-up capital in Japanese associated company Lung Kee Metal Japan (LKMJ) by 50 million yen. It has also acquired one per cent more of LKMJ for two million
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      • 37 5 PERTAMA Holdings has sold the shop unit in Lucky Plaza belonging to its wholly-owned subsidiary, Universal Audio, for $1.5 million. It yesterday said the proceeds would be used to repay borrowings.
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    • 237 5  -  By\ Eugene Low HONGKONG-BASED Grande Electronics Holdings, which yesterday received in-princi-ple approval from the Stock Exchange of Singapore (SES) for a US-dollar mainboard listing, looks set to join the year-end bumper crop of initial public offers (IPOs). Grande designs and
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    • 657 5  -  It'll open more doors, give greater access to fending: Globe Telecom official Hyi Catherine Ong AYALA Corp, a joint venture partner of Singapore Telecom in the Philippines, will support a merger of the regional cellular operations of Sing Tel and Deutsche
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    • 641 5  -  It says it's received millions in funds from new investors Toh Han Shih MEDIARING, a local Internet firm, is looking to listing on Nasdaq in the US next year, the company's chief operating officer Chua Kee Lock told BT yesterday. But he would not provide details
      SIEW YAW HOONG  -  641 words
    • 424 5  -  By < Carol Eng TLB Land is expected to sell four properties to Keppel Land for $99 million and may participate in developing two of them. The company, which is being taken over by Philippine conglomerate Ayala Corp, said this
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    • 177 5 HONG Leong Investment Holdings (HLIH) now has a deemed interest of 14.84 per cent in Hotel Properties Ltd (HPL), compared to the controlling Ong family's 20.55 per cent. The latest tally comes after First Capital Corp acquired another 5.2 million HPL shares (1.15 per
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    • 710 8  -  Writeback of provisions this year will boost earnings, but minimal amounts expected: analysts By Carol Eng LISTED property firms are expected to return to the black this year because there will not be the kind of massive provisions and losses incurred
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    • 468 8 Group in talks with several firms for strategic tie-ups Reuters SEMBCORP Industries Ltd is in talks with several foreign firms to form strategic partnerships within a year or two to boost its engineering, construction and logistics businesses, president Wong Kok Slew said yesterday. "In engineering
      Reuters; FILE PHOTO  -  468 words
    • 229 8 Reuters SEMBCORP Industries Ltd may divest its industrial parks if they fail to meet the group's financial targets, including reaping a return on equity (ROE) of 12 per cent, group president Wong Kok Slew said yesterday. "Within the next three
      Reuters  -  229 words
  • Page 4 Advertisements
    • 93 4 ©Singapore Expo, Singapore I tfp I 5-7 October 1999 I Fire, Safety A Rckm Asia I I Exhibition Cferrne Rihm f f id i cisco iWrk.K.LH National Kir* Ptnnta Canaril Singapore CMI Drfrncc lore* AMM MMnl S«ori>; (a«Uo a 4?\:::::o:r B?! t rijia National Klrc Protection TDB ».nOAPOPt Ai. U
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  • SINGAPORE markets
    • 591 6  -  -j I comment STOCKS ven sreenivasan THE Singapore stock market had one of its quietest trading sessions of the year yesterday as most players stayed on the sidelines ahead of today's interest rate-set-ting meeting by the US Federal Reserve. The Straits Times
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    • 218 6  -  WARRANT WATCR -Bl Ven Sreenivasan THERE are three sets of Keppel Tat Lee Bank warrants that are in the money. One expires in July next year, another in August and the third in July 2002. The Keppel Tat Lee stock
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    • 312 6  -  HOT STOCK -By' Wong Wei Kong INTRACO Ltd shares soared 22 cents or 17 per cent to $1.54 yesterday, one of the session's biggest net gainers. The stock opened at $1.51, hit an intra-day high of $1.60 and a low of $1.50. Volume was
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    • 75 6 Tuecdajr, Oct 6 Singapore ♦9am. Standard Poor's Singapore corporate rat- ings' briefing ♦10am. Industrial Automation Logismat '99 opening ceremony at Singpore Expo Centre, Changi South Japan Tokyoc 0630 GMT. Finance Ministry announces auction results of 20-year Japan government bonds United States WaihtagtMß 9am. The Federal Reserve's policy-set-ting
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    • 488 6  -  _JBnPTfT77TTTTS7TM CURRENCIES Asian currencies perk up, on welcome news from new Indon Parliament larry wee THANKS to the Indonesian rupiah, regional currencies like the Thai baht and Singapore dollar look like they could now head back higher against the US dollar, even if the Japanese yen
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    • 398 6 Volume •Qertinglnt 18,267,000 Suriway IntlHKIOc 7,475,000 SingTeM5c 7,187,000 Asia Food&Prop US$ 5,550,000 Golden AgriUSIOc 4,136,000 "TanChongintSOc 3.668.000 Hotung Inv NT5 3,290,000 IPCCo«pn5c 3,183,000 QES mil Ltd 20c 3,103,000 TtongWoon 10c 2,856,000 Stocfce DBSGrp 32.185.725 SingTel 15c 22,876,188 ICS 16,061,200 OUB 13,058.580 SPH 11,620,045 SIA 10.142.100 Sunway Infl HK1 Oc 9,559,830
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 153 7 •ftr^SP J**-1 > i A r < 'i'»•. ■r w I '.f>, ißk'tefV w tf f l Vf z^H/^M -M^m^MV^+yw' W'"&-SM*'jr v-: ■<%?; yj.yr\ M -astral T The National Cost of Quality (NCOQ) programme is an initiativebf quality. Ultimately, it helps to improve your profitability. Don't sit back and let
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  • Page 8 Advertisements
    • 298 8 gar m a n quality Simply World Class An ISO certified company K&B Singapore Ptt Ltd 94 Tagore Lane. Singapore *****6 Tel: 458 7666 Fax: 458 7566 E-mail: kesinpWsingnet.com sg workstation desking seating accessories We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British
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    • 12 8 Buy It Sell It Find It Classified. Call Today For Results Tomorrow.
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  • SINGAPORE news
    • 436 9  -  Standby repos to be available from Nov 29 to Jan 28 By' Wong Wei Kong THE Monetary Authority of Singapore (MAS), in line with other central banks, has introduced a Y2K liquidity scheme to provide temporary assistance to banks
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    • NEWS Roundup
      • 47 9 THE Singapore Chinese Chamber of ConoMrae A Industry (SCCCD and Singapore PresaHoMfaios<Vl& have teamed np to develop the WortdOrtiwan Biwtam Network. The online i >et waUug aj <an fsb—ladm SPH's Web site AsiaOne.SCCCI will provide the data nila^iiimainni— millm online intormatioo service.
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      • 7 9 RoamCuatx*nerSerrk*C^oSf WMotoa-4,P,ek&
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      • 29 9 in Intent iao4oujqP) telephony, yoitttndtty Mid it hulMudfeßd which allows users to caJQanytetophooe in the world, •rmlfthedßgHTMttinntalwphw^UTW.m.uM^^ another InlbTalk.lnfcTalk is hm<Aletia*sstandkdooe appliance <br I? telephony.
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    • 700 9  -  WHAT CAM 00 WRONG ON JAM 1,2000 By' Wong Wei Kong AS financial markets head towards the year 2000, Singapore investors should prepare themselves to handle any computer glitches, but more importantly, they should anticipate the millennium strategies of fund managers to wring maximum
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    • 463 10  -  Fond rating film RCP gives fond manager 'excellent/very good' business ratings By Wong Wei Kong ABERDEEN Asset Management Asia, with its regional office in Singapore, has won a strong endorsement from fund rating company RCP Partners. And the fund management firm, more successful in the institutional
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    • 470 10  -  Service provided by FriendMexom, owned by ecQuaria By' Toh Han Shih IMAGINE a stock broking house running an Internet share trading Web site. Thousands, maybe millions of people are trading shares at this Web site simultaneously. All these investors and punters,
      SIEW YAW HOONG  -  470 words
    • 186 10  -  MATTPAn Linda Hoon Company Secretary Sembawang Corporation Ltd WE refer to your report "SembCorp sells Delifrance to Prudential unit at big discount to market" (BT, Sept 23). We wish to point that at no time did the acquisition of Delifrance push
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    • 428 10  -  George Lim Singapore YOUR Sept 24 news report on the liberalisation of the Japanese stockbroking industry, entitled "Stockbrokers in Japan brace for commission war", shows the inevitable impact of technology advancement on a well-shel-tered Japanese brokerage industry. It was reported that come Oct 1, commission fees
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    • 177 10  -  Samuel G Panthradil Singapore I REFER to the article "Mind the GAAP" by Paul Thompson (BT, Sept 28). The writer has made a factual error in stating that UK football clubs, especially those quoted on the LSE such as Manchester United and Tottenham
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    • 189 10  -  Jerry Low Kai Siong Singapore via Internet I REFER to the report "SingNet would go for SembCorp's PacNet stake If there's an open bid" (BT, Sept 30). In the report, Sing Tel CEO (chief executive officer) Paul Chong said that "Sing Net, as
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    • 126 10  -  Billy Chew for Permanent Secretary Ministry of the Environment Singapore PLEASE refer to your Mailbag article entitled "Is aspartame safe to consume?" (BT, Oct 2). We would like to assure the writer that it is safe to consume food products containing aspartame. Safety evaluation
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    • 335 10  -  P=M 3 on the economy bank loans By\ Soh Tiang Keng TOTAL bank loans to Singapore's non-bank customers dipped by 2.9 per cent in August on a year-on-year basis, according to latest figures from the Monetary Authority of Singapore. The decline was sharper
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    • 204 10 JENNIE Chua, general manager of Raffles Hotel, has been promoted from executive vice president to president and chief operating officer of Raffles International Ltd. Her promotion, effective from September 1, adds yet another feather to her cap. She is a director in 30
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    • 761 11  -  President says developing people's potential will be the major focus of government policy in the new millennium, reports Audrey tam ANDREA TAN THE challenges of the new millennium and the proactive ways in which Singapore will respond to them were the focus of President SR
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  • Page 9 Advertisements
    • 18 9 Hm Straits Times OaMffled/TaagHn Mai HUkf IztUt Tanglln Mall, every third Saturday of die month, spm 11pm IcatjJ
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    • 104 9 Some things mean the same all over the world Stop No Entry Welcome The credit card from Hongkongßank now has a new look and a new name. Introducing The Card from HSBC. It comes with all the same benefits. Plus one extra. Since HSBC is a name that's internationally accepted
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  • Page 11 Advertisements
    • 402 11 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 naa LIM kah ngam limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE 13 HEREBY GIVEN THAT an Extraordinary General Meeting of Lim Kah Ngam Limited will be held at 30 Prinsep Street, #09-00 LKN-Prinsep
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    • 196 11 The first and still the best. Henley Management College are leaders in the field of flexible MBA programmes for busy international executives. In 198S Henley was the first international MBA programme to be offered in Singapore and since then, Henley has built a formidable presence here and around the world.
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    • 253 11 9SU INTERCONTINENTAL To make your stay even more enjoyable and now twice as rewarding, we'll give you double miles when you book Club Inter-Continental anywhere in Asia Pacific.* Club Inter-Continental. Individual personal service. Twice the rewards. M INTERCONTINENTAL. HOTELS AND RESORTS www. interconti .com for more information conations, contact Hotel
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  • FOCUS property
    • 1035 12  -  PROPERTY Long-awaited takeover tussle for HPL begins to take shape lee han shih LAST week was an exciting time for loss-making Hotel Properties Ltd (HPL), the listed hotel, property and leisure company. First, its top property man, Thio Gim Hock, jumped ship
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    • 561 13  -  Peck Hay Mansion, C&irnhill Heights will yield space for 20-storey condo By] Kalpana Rashiwala THE Cairnhill area a hotbed of en bloc sales before the regional economic crisis cooled things down is hotting up again. Two adjacent freehold apartment blocks
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  • Page 12 Advertisements
    • 266 12 EXCEPTIONAL FULLY LEASED BUNDLE MALL INVESTMENT Secure income stream "VM| with capital growth t Excellent national tenants J including Westco Jeans, The Muses, Jetty Surf, -"flpLOli and Prides Business Adjacent new David Jones Hji Central Plaza Complex. pa (approximately). FOR SALE WITH EXPRESSIONS OF INTEREST OOSING 3.00pm (CST) FRIDAY sth
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    • 190 12 Freehold Residential Site Near Novena MRT Station Site area 17,278 sq ft Xh. /'"US" I »«o«»tynr I "FT jj Opposite St. Michael's V IL School, near Revenue House, United Square Novena Square \d yp I \n p^ot rat 2 s Public Trustee's Sale by Tender Tender Closing: Wednesday, 13 October
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    • 225 12 PRIME RESIDENTIAL HC 77 DEVELOPMENT SITES 1 M lIS and 120 Arthur Rood U lS SUBJECT Collective Sale by Tender II 11 PROPERTY Site area 2,262 sqm (118 Arthur Road) (jf and 1,384.9 sqm (120 Arthur Road) J I 7 Plot ratio 2.1 U I oljsr^J^^ Height of not more
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  • Page 13 Advertisements
    • 118 13 LANE. «———i ii liiJ. l u.y lllil Kn wmmm A FREEHOLD BUSINESS ADDRESS STRATEGICALLY LOCATED OPPOSITE ALJUNIED MRT STATION. Brand new 8-storey light clean industrial building. IIHPP*?. Read V or occupation. Excellent corporate image. Quality building finishes. I Am P ,e car parking lots on the ground and second level.
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    • 509 13 LARGE DEVELOPMENT SITES AT PAYA LEBAR Adjoining freehold plots Near to MacPherson/Paya Lebar Road junction Plot 1 Residential Site area of approx. 12,322.7 sq m (132,642 sq ft) Suitable for 20-storey Condominium development with a plot ratio of 2.1 Plot 2 Recreation Site area of approx. 15,000 sq m (161,460
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  • EDITORIAL & opinion
    • 694 14  -  mm bottom line OPINION mohan kuppusamy The writer is BT's editorial page editor NO ONE will accuse Australian Prime Minister John Howard of being hugely imaginative, but his "put up or shut up" speech on peacekeeping operations in East Timor could take him into uncharted
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    • Article, Illustration
      132 14 The blessed Prince Charles has talked about the importance of working with the grain of nature rather than against it, but my father is dying of Parkinson's disease. It is a lingering and horrid death, but it is one of the things nature produces.' -Alaißy&a enthusiastic supporter
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    • 639 14 EDITORIAL WHERE have all the home buyers gone? This was the question posed in the headline of a BT story last week on Singapore's property market One month after the end of the "hungry ghosts" month, which is traditionally a slow period, Singapore's property market
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    • 1099 14  -  Will Wall St babble burst or a slower demise of prosperity come from worsening balance of trade? By. Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology AMERICA'S economic prosperity continues to prevail much as it has done throughout most
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    • 440 14 FT THE ice is breaking in corporate Japan. Three announcements last week show the extent to which big companies are changing, in ways that would have seemed impossible only a few years ago. What is startling about the keenly awaited restructuring plans from NEC,
      FT  -  440 words
    • 322 14 THE expected arrival of United Nations investigators in East Timor to look into allegations of severe human rights abuses in the territory, particularly shortly before and in the wake of the Aug 30 self-determination ballot, is easily the most serious blow to Indonesia's international reputation. It
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  • MALAYSIA news
    • 575 15  -  I=ll analysis Investors banking on Arab-M'sian, RHB Cap, may be discounting HL Bank s chances for a slot By] Eddie Toh [KUALA LUMPUR] PRIME Minister Ma- 1 hathir Mohamad's comment that Malaysia may have more than six "anchor" banks has
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    • MARKET moves
      • 168 15 TILE manufacturer White Horse's debut on the main board was one of the highlights in a day of thin trading. The RMI stock which was offered to the public at RM1.50 opened 30 sen up at RMI.BO, reaching a dayhigh of RM1.90 within the first hour
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      • 203 15 A FOCUS on banking stocks led to gains and helped to push the finance index up by 51.67 points to 5,309.26 yesterday. When Prime Minister Mahathir Mohamed said that it was not a certainty that there would be six merged banking institutions to replace the existing ones,
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      • 123 15  -  Compiled by Diana Oon Abdullah AFTER being battered last week following the announcement of group net losses of RMI.4 billion (*****.7 million) for the year-ended June 1999, Renong shares gained some ground yesterday, edging up 5 sen to close at RM1.77 with over 2.1 million shares
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    • 403 15 KUALA LUMPUR Firm will swap RlE369m of debt for 2 types of loan stocks Bloomberg ADVANCE Synergy Bhd, a diversified Malaysian company with businesses ranging from insurance to bottle making, said its creditors have agreed to a restructuring of Malaysian ringgit 369.2 million (Ssl6s million)
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    • 248 15 KUALA LUMPUR "WHITE Knight" companies interested in acquiring listed companies to speed up their listing status are now left with looking at "secondtier companies" with bigger debt problems, The Sun reported yesterday. "Good ailing companies" that is, those with smaller, more manageable borrowings have
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    • 254 15 KUALA LUMPUR Bloomberg MALAYSIAN plastics manufacturers have raised prices of plastic products by more than 30 per cent to offset the rise in crude oil prices that has pushed up production costs for plastics. The rise in prices is effective immediately, the Malaysian Plastics
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    • 745 16 KUALA LUMPUR IT sin goes national car way, Thailand opens doors to big carmakers IHT POLITICIANS in Malaysia and Thailand sometimes cite the return of traffic jams as proof that their battle-scarred economies are recovering. And while that may sound like an unscientific barometer
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    • 457 16 ■KUALA LUMPUR THE DRB-Hicom Group, a conglomerate which has loomed large over Malaysia's economic landscape, is not expected to lose focus despite the proposed sale of its stake in Proton to national ofl corporation Petronas, The Sun reported yesterday. A source
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    • MALAYSIA Briefs
      • 76 16 AFP {KUALA LOMPUR] Anwar Ibrahim's sodomy trial win reaome today, a defence lawyer said from the hospital where the Jailed former Malaysian deputy premier baa undergone tests for alleged arsenic poisoning. Christopher FBrnando said yesterday Anwar had told him the arsenic level In his body
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      • 27 16 AFP [KUALA LUMPUR} Malaysian Prime Minister Mahathir Mithfimftrt hat fig**" HP year before callingsgneial election expected tobehis toughest test of recent year*.—AFP
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      • 40 16 [KUALA LUMPUR] Prime Minister Mahathir Mohamad dismissed rumours that his wife has had a stroke, saying she was in fact recovering from a torn Ugsment hi her shoulder, 7V Star reported yesterday.
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  • Page 15 Advertisements
    • 114 15 Pr Jra Sunday Brunch: Chicken Schnitzel. Knuckles. Nuremberg Sausages. Hungarian Goulash. Apple Strudel and more Garlic Braiwursi. free flow beer *nd even more. Singapore's days of belt-tightening are over. 0 1 With prices like $14.50+++ for weekday lunch and $38+++ for Sunday brunch (including free-flow beer and live UN J
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    • 176 15 I I You to Asia's Next Millennium Asia's eading regional platform for he- w wire, cable, fastener and spring making tube and pipe tradeg welding, joining, cutting and surfadng le~~~l Meet with world leaders showcasing the latest state-of-M the-art technology, machinery, materials and i Seize the opportunity to expand your
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  • Page 16 Advertisements
    • 58 16 ft e i Eye opener. Throwing light on distant events often reveals opportunities and risks that may affect you. But how will you know in time to act? \bur International Herald Tribune will tell you, straight and to the point. Pick up your copy right away or to subscribe, please
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  • SOUTH-EAST asia
    • 776 17  -  If he chooses not to stand for president, he could still sanction a third choice to ran against Megawati, Habibie From Shoeb Kagda in Jakarta POLITICAL analysts yesterday predicted the emergence of respected Muslim leader Abdurrahman Wahid, also know as Gus Dur,
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    • 1148 17  -  comment SEAN 111" tnitiwindan pfndHwnffy fa lift lflnffftT twO-hIHfM rMfl yang razali kassim Humility pays. That's probably the one big lesson Amien Rais has learnt in his short but eventful stint in Indonesian politics so far. At a time when no one dared to
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    • NOTE Book
      • 48 17 AFP [JAKARTA] The International Monetary Fund and the World Bank have given Jakarta an Oct 10 (leadline for a fUH public disclosure of a PrlceWaterhouseCoopers audit into the Bank Ball scandal, the Kompas daily quoted an MP as saying yesterday. —AFP
        AFP  -  48 words
      • 47 17 Bloomberg [MANILA] Philippine exports In August roee at their fiostest pace In seven months to more than US$3 billion (816.1 billion) for the first time. Merchandise exports rose to US$3.2 billion, up 21 per cent from the same month a year ago.—Bloomberg
        Bloomberg  -  47 words
      • 39 17 Bloomberg [BANGKOK] United Overseas Bank, Singapore's third-largest bank, will complete its purchase of Thailand's insolvent Radanasin Bank later this month, rather than yesterday, as some had expected, a Bank of Thailand official said. —Bloomberg
        Bloomberg  -  39 words
    • 282 17  -  From\ Shoeb Kagda in Jakarta ASTRA International shares fell sharply yesterday on profit taking and market rumours that a deal struck between two US-based investment companies and William Soeryadjaya to buy a 19.9 stake in the company would be done
      282 words
  • Page 17 Advertisements
    • 66 17 There're many ways I to treasure your ■memories thema provides liftvan storage or personal effects you have no use for at the moment and do not wish to discard for sentimental or other reasons. Store your surplus furniture and effects with us at a reasonable cost in a secure and
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    • 561 17 fiiilmniaiß nbmli fn rrirfmr dialogue with IMF, Pg22 FREE one-way upgrade to Business Class with ANA to Japan. loin ANA MILEAGE CLUB now and enjoy this introductory privilege. Welcome to ANA Mileage Club. As a member you'll enjoy AWABB MILEABE REDUCTION CAMPAIGN RIBSI Free mm-W| epfrade from Economy Class to
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  • EAST asia
    • 683 18 HONGKONG Hongkong's dot-com wannabees find an Internet-related name can mean big bucks on the bourse Bloomberg WONG Kwan, a hotel chef-turned-real estate mogul, has his sights set on the Internet and a new brand name to prove it. Pearl Oriental CyberForce Ltd, his company's
      Bloomberg  -  683 words
    • 335 18  -  If implemented, construction group will recover $32.4 m From Quak Hiang Whai in Hongkong CHINA Development Corp (CDC), the Hongkong-listed Singapore construction group, has reached a conditional agreement with Low Tuck Kwong and an Indonesian unit over a lawsuit against the former chairman and
      335 words
    • 67 18 [FUZHOU] Employees of the Red Society ofFujian province on Sunday packing relief supplies donated by local residents for Taiwan's quake victims. The people of Fujian, original home of many Taiwanese, have donated some cash and a large amount of supplies such as food, tents and
      XINHUA  -  67 words
    • 291 18 HONGKONG Funding will be via. selling stocks, bonds, issue of new shares Bloomberg CHINA Telecom (H K) Ltd said it will pay its parent US$6.4 billion (Sslo.B billion) for three mobile phone networks in China and fund the purchase by selling stocks,
      Bloomberg  -  291 words
    • 143 18 HONGKONG Bloomberg SINO-I.COM Ltd said it will sell its 78 per cent stake in Philippine hotel operator Acesite (Phils) Hotel Corp for HK5266.8 million (5558.1 million) to focus on its information technology businesses. The sale to private South Port Development Ltd and
      Bloomberg  -  143 words
  • Page 18 Advertisements
    • 69 18 for aIILWHIMiUIIJJ |H SgL'f* H I v <A 1 HI 1 11■ II I iffl v il Available at: Petite Finesse Boutique, #02-43/45 Suntec City Mall Tel: 337 0823 Petite Cherie Boutique, #02-40/41 Centrepoint Tel: 734 9658 my J /ij The Sale Shop, #03-12 Midpoint Orchard Tel: 738 2635 petite
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    • 80 18 Hook Look Slew, Pg4 *■> »> ny', j-r Mk if|| CATCH THE LATEST WAVE IN LOGISTICS 1 w 4p3 The Shipping Tunes now features a full page of logistics n£\vs on Thursday e\er\ r tn gf t Current trends, latest developments with specialist writers providing expert and giving you valuable
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  • SOUTH asia
    • 613 19 NEW DELHI Shares down on news of likely fragile victory for BJP alliance Reuters, AFP INDIA'S general election looks set to usher in another period of damaging political instability, with exit polls predicting a fragile majority for the ruling Hindu nationalist coalition. Share
      Reuters,; AFP  -  613 words
    • 399 19 NEW DELHI MTNL's entry likely to raise competition in Indian market Bloomberg MAHANAGAR Telephone Nigam Ltd, India's biggest phone company, said it will start to make money in three years time from its new mobile phone service unveiled on Saturday. The company
      Bloomberg  -  399 words
    • 180 19 BOMBAY Bloomberg INDIA'S Sriven Multi-Tech Ltd, a software developer with a market capitalisation of 1.7 billion rupees (5561.2 million), hopes to soon name a Microsoft Corp employee to its board. "We do expect him to help us in getting more business," S
      Bloomberg  -  180 words
  • Page 19 Advertisements
    • 218 19 Oh, for the good old days when the only thing All it takes is a corporate culture that thrives consumers really knew about your product was on change and an organizational structure flexible what you told them in your ads. enough to sustain it. In the new electronic economy, potential
      218 words

  • Page 20 Advertisements
    • 285 20 Is there a notebook that presents as well as I do? |^^||||||||||||Hh i 1 H Ull Ik. I I Br 1 B ft S. 4T i _or\f i I v j dfl^^^€ ga r' r T r r T T jjH I I I *****1 1 1 \^m^mWm I I
      285 words

  • WORLD news
    • 623 21  -  But manufacturers plan to cat capital spending by 9.4% dne to yen's surge From Anthony Rowley in Tokyo CORPORATE sentiment in Japan improved dramatically during September compared with readings taken in June, the Bank of Japan reported yesterday in its
      Source: Bank of Japan  -  623 words
    • 366 21 TOKYO FT The Japanese government is now actively seeking a foreign or domestic financial group to purchase Nippon Credit Bank (NCB), the Japanese bank which was nationalised last year. It follows last week's announcement that the government had taken the unprecedented decision to sell
      FT  -  366 words
    • 410 21 SEOUL PlusUbereadyby Oct 31, foreign banks not told earlier Bloomberg PLANS to reschedule the debt of seven of 12 key units of near-bankrupt Daewoo Group will be ready by Oct 31, earlier than planned, in an effort to calm investor nerves, Korea First
      Bloomberg  -  410 words
    • 471 21 TOKYO AFP JAPANESE Prime Minister Keizo Obuchi won agreement yesterday for a powerful new three-party coalition, paving the way for a Cabinet shake-up which had been delayed by the country's worst nuclear disaster. The premier's ruling Liberal Democratic Party (LDP) struck the critical deal
      AFP; REUTERS  -  471 words
    • 616 21  -  l-i i exclusive From'. Neil Behrmann in London SURGING gold prices last week punished bullion banks, precious metals dealers and brokers, hedge and commodity funds and mining companies which went short, say dealers and analysts. They suffered losses from large
      616 words
    • 156 21 TOKYO Reuters THE Tokyo International Financial Futures Exchange (Tiffe) will introduce two new measurements to make yen futures trading more attractive and boost competitiveness with other exchanges, it said yesterday. The Tiffe said the new measurements include "half-tick pricing" and "give-up (Unctions", effective
      Reuters  -  156 words
    • 240 21 SEOUL Tax office says they revenue of Lo9t won Bloomberg KOREAN Air and parent, Hanjin Group, were fined a record 541.6 billion won (*****.5 million) for evading taxes and creating a fond for the use of honorary group chairman Cho Choong
      Bloomberg  -  240 words
    • 399 22 PARIS This would bolster case for ECB to raise interest rates, say analysts Bloomberg REPORTS from across Europe in the coming days are likely to show accelerating economic growth, boosting the case for higher central bank interest rates. Analysts expect reports out today will
      Bloomberg  -  399 words
    • 428 22 LONDON Bloomberg PENINSULAR Oriental Steam Navigation Co, the world's third-largest cruiseline operator, sold its Bovis construction arm to Australia's Lend Lease Corp for £285 million (***** million) in abandoning plans to list Bovis on the stock market. P&O said it will
      Bloomberg  -  428 words
    • 555 22 LONDON It plans to sell £5b of assets, boost retail hanking Reuters FUND managers and analysts reacted coolly yesterday to National Westminister Bank Pic's (Nat West) latest defence against Bank of Scotland's bid, saying it was a panic move that should have been done a
      Reuters  -  555 words
    • 65 22 [MUNICH] Two waitresses of the Hofbraeutent dancing on a beer table to celebrate the end qfMunich's Oktoberfest on Sunday. The world's biggest beer parly concluded its two-week tribute to Bavaria'sfavourite beverage andfestival organisers said that 6.5 million visitorsfrom around the world had downed a record
      REUTERS  -  65 words
    • 412 22  -  Discussions to be held next week in Jakarta Froml Shoeb Kagda in Jakarta AS a sign that the strained relations between Jakarta and the International Monetary Fund (IMF) could be on the mend, Indonesia has indicated its willingness to resume dialogue. The IMF
      412 words
    • 243 22 LONDON Bloomberg THE UK's Financial Services Authority, Britain's financial regulator, will take on the London Stock Exchange's responsibility for share listings, the government said, as the exchange prepares to turn into a commercial business. The LSE said in July it will
      Bloomberg  -  243 words
    • 292 22 WASHINGTON Bill Gates may also invest in satellite telephone network Bloomberg MOTOROLA Inc, the biggest shareholder of Iridium LLC, told creditors of the bankrupt satellite-telephone network that Craig McCaw may inject as much as US$3OO million (Ssso7 million) into the company, said three
      Bloomberg  -  292 words
    • 299 23 SAN FRANCISCO Reuters SEMICONDUCTOR companies in the US are expected to rlport strong third quarter but analysts are concerned about the fourth garter because of damage to Taiwanese chip plants from ladt month's earthquake. "Clearly, the market is not tuned
      Reuters; FILE PHOTO  -  299 words
    • GLOBAL Briefs
      • 55 23 Bloomberg [LONDON] Richard Sykes, chairman of Glaxo Wellcome pic, Britain's second-biggest drug company, said yesterday that his company could begin to move its research out of the country if the government refuses to allow its anti-flu drug Relenza to be prescribed by the
        Bloomberg  -  55 words
      • 62 23 Reuters [LONDON] British business failures rose sharply in the third quarter of the year, despite burgeoning economic recovery, a survey from business information group Dun Bradstreet published yesterday showed. The survey found 11,741 business fatalities in the third quarter, the highest since 1992 when
        Reuters  -  62 words
      • 66 23 Reuters [LONDON] Imperial Chemical Industries pic said yesterday that it had agreed to sell its Belgian-based acrylics business, including the Perspex brand, for £506 million (551.41 billion). The sale, which the company had said last week was imminent, is an important step in ICl's
        Reuters  -  66 words
      • 67 23 Bloomberg [SAN JOSE, California] Cisco Systems Inc, the No 1 Internet-equipment maker, said a US$2 billion (553.4 billion) contract awarded to International Business Machines Corp in August is under anti-trust review by the US Justice Department. Under the five-year agreement, IBM, the world's largest
        Bloomberg  -  67 words
    • 688 23 of the day ATLANTA, Georgia But Sprint board seen going for MCI deal even though it's worth less Bloomberg BELLSOUTH Corp has offered US$72 billion (*****.2 billion) in cash and stock to buy Sprint Corp, the third-largest US long-distance phone company that is in talks
      Bloomberg  -  688 words

  • Page 22 Advertisements
    • 242 22 MERRILL LYNCH INTERNATIONAL CO. C.V. NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF AMERICAN STYLE CALL WARRANTS RELATING TO THE BASKET OF SINGAPORE BANK STOCKS ISSUED BY MERRILL LYNCH INTERNATIONAL CO. C.V., ON 29TH JANUARY, 1999 AND 26TH FEBRUARY, 1999. Notice is hereby given by Merrill Lynch International Co. C.V. (the
      242 words

  • Page 23 Advertisements
    • 30 23 pool^ SBf/r through The Straits *Wy j Times Classified. SSmJ/They help me do my part to save (he earth. J fJr Wj^F' CAT A Buy fc Sdl fc Qnd h
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    • 652 23 T™ Fiyfree.^i A y O World Perks, the global mileage program of Northwest Airlines and KLM Royal Dutch Airlines, is Asia Pacific s most generous. So generous that with this promotion, just one flight is all you need to fly free! a* FLY ANYWHERE WITH WORLDPERKS, AND LAND A FREE
      652 words

  • FINANCE & commodities
    • 222 24  -  m—m« fjeports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market had one of its quietest sessions yesterday as investors kept a low profile ahead of the Federal Open Market Committee meeting tonight. The Straits Times Index closed at 2,037.87, down 13
      222 words
    • 171 24  -  MSC3 Taiwan tatnrM Charlie Kuo Refco Singapore THE Simex MSCI Taiwan Stock Index futures rose slightly yesterday behind news that Hitachi, Japan's largest electronics maker, will consign production of microprocessors and integrated circuits to United Microelectronics Corp and Episil Technologies Inc of Taiwan. Investors
      171 words
    • 251 24 ENERGY REPORT Reuters [LONDON] Oil prices tracked back from recent highs yesterday but not enough to convince dealers that the long rally was over. International benchmark Brent for November delivery was down 51 cents at U5523.16 a barrel by 1359 GMT,
      Reuters  -  251 words
    • 325 24 Reuters I«ondon THE US dollar set two-month lows against the euro and eight-month lows against the pound yesterday as the market decided the US Federal Reserve was the least likely of the three major central banks meeting this week to raise rates. While polls showed economists did not
      Reuters  -  325 words
    • Article, Illustration
      1101 24 WBtUHCKOttMTM Oct4 as o li tot nt n it y m wm m mm* m> o —a m mt m amm ioti 1175 1*0 100 100 ino 2urn %m ojm t.ns zjoo **********1492 uo i« 1975 20.902*574 mm iam CMil 1030 5121 043) 109 1234 5203 295Z7 52jM0 0.719 1224
      1,101 words
    • 1535 24 SICOM FUTURES Oct4 RUBKK(Mv«fcM^«fl(13llH0 KS1CQIfTIACT(ScMtiAD CfcM VMm OpM MmH M£ Umf fctt d—w> Mwrt Ma* 99 102X0 900 OK 99 105.00 <200 JM 00 ***** 100 Fife 00 101.75 «0 MvOO -1IL7S 100 Apr/JMOO -113.75 BSiaMmuaascMta/kt} MMM 0PM ttrtft »gt> u» IH (NWD Mwi> Nov 99 M 5*75 55 2000
      1,535 words

  • STOCKS east asia
    • 2788 25 HONGKONG AFP 11 Hang Seng +142.62 HONGKONG share prices rose 1.1 per cent yesterday on selective buying amid easing fears of a US interest rate increase and hopes of positive signals from a domestic policy statement, dealers said. "The market believes
      AFP  -  2,788 words
    • 351 25 AFP □*P Index +»J3 TAIWAN share prices closed 0.3 per cent higher yesterday on buying in construction material stocks as the island works to rebuild apartments that collapsed in last month's earthquake, dealers said. The Taiwan Stock Exchange Weighted Price Index moved up 25.93 points to 7,685.48, on turnover
      AFP  -  351 words
    • 1755 25 TOKYO AFP n Nikkei 225 *5L15 SHARE prices in Tokyo closed 0.3 per cent higher yesterday but late selling trimmed some of the earlier gains notched up on a rebound in Japanese business sentiment, brokers said. The key Nikkei Average of 225 selected issues rose
      AFP  -  1,755 words
  • Page 25 Advertisements
    • 98 25 -MSlSvi l m n» f um• Leothir ri^H •Montblanc Boutiques: Ngre Ann City #0/34. Ra.flJ.-s Ciiy POI-37A. faMjpn *0118 Comer Watch Palace MomtbUmt Service Centre: Varaffm 9UI IH y The stock markets In China were closed for a public holiday yesterday There is no smoke without fire. With so many
      98 words

  • STOCKS klse
    • 8019 26 MDUSTMALS Cmhmmt pnAxtt 1999 Last Vol Day Mat Car High Law Campany Sale 'OOP High Law PX Smil 440 255 Ajinomoto 310 «9.T 125.6 174 46 Angkasa 92 2 31 95 90 135.7 404 220 Apollo Food Hit 326 16 13 334 320 11.3 130.4 294 115 Berjaya Land 170
      8,019 words
    • 388 26 AFP rl Composite Index +2.79 MALAYSIAN share prices closed 0.4 per cent higher yesterday in listless trade amid light buying support from local investors, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 2.79 points to finish at 682.86, off an earlier
      AFP  -  388 words
  • Page 26 Advertisements
    • 36 26 Classified First. Want to get a laptop? Or simply get computer savvy? Log on to the best Check The Straits Times Classified First. t I«w».4„.l t. V 5 C=>r-S=3 Buy k sa k. Rod k d
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  • SES clob & regional stocks
    • 2301 27 BOMPSAWmMTO ocu Kaptry M i km M Cam tm CakM mm u» m» tmtm urn «ar mm tm —yar w m —N« ia« 104 3 S 3160 *Acar ******1USS 353 -03 17 37 35.5 35.5 3*5 50 43 t 3164 Ac ma ******4 29 293 30 30 41 300 2)0
      2,301 words
    • Article, Illustration
      735 27 AFP D SET Mm -111 THAI share prices closed sharply lower yesterday, shedding 2.7 per cent on continued profit-taking amid concern over the direction of US interest rates, dealers said. They said the market flailed to sustain gains above major resistance at 400 points, despite some speculative buying in
      AFP  -  735 words
    • 266 27 AFP PMuriU *lm PHILIPPINE share prices closed marginally up yesterday. The Philippine Stock Exchange 'Composite Index added 1.32 points to close at 2,104.28. Volume was up at 3.8 billion shares worth 2.3 billion pesos from Friday's 2.9 billion shares worth 2.7 billion pesos. —AFP Oct 4 Hm *h nXW)
      AFP  -  266 words
    • Article, Illustration
      663 27 AFP Q Composite Index •10.74 INDONESIAN shares fell 1.9 per cent yesterday as investors locked away profits on an early rally which followed the appointment of a reformist politician as assembly speaker, dealers said. They said the market's behaviour yesterday was unusual it rose sharply in the morning before
      AFP  -  663 words
    • 267 27 AFP PWdßngtwi -m NEW Zealand shares slipped yesterday in line with Wall Street's negative tone last week, dealers said. "We're following the trend set by the Dow again," a dealer said. The NZSE-40 Capital Index closed down 6.21 points at 2,045.62 on turnover of NZ564.2 million. —AFP Oct* ■>
      AFP  -  267 words
    • 524 27 AFP DAnOrtMriM -17.4 AUSTRALIAN share prices slipped 0.6 per cent yesterday in subdued trade as investors awaited possible interest rate rises, brokers said. The Australian Stock Exchange's benchmark All Ordinaries Index fell 17.4 points to 2,895.5. Turnover totalled 241.2 million shares worth A 1407.4 million. The All Industrials Index
      AFP  -  524 words
    • 269 27 AFP DftMHiiiUiMM -MJB THE Korea Stock Exchange Index closed down 20.98 points at 818.37. Volume was 231.9 million shares worth 2.5 trillion won. —AFP M4 MM Saml 17*00 -MO BrdnTtcfi 17*5 -5 C antral Bank 2820 0 Own Cam ***** WOO Dm Gu Bank 4000 -«0 DaasanqCorp SSO 230
      AFP  -  269 words
  • Page 27 Advertisements

  • 6748 28 MAIN BOARD Transaction date: Oct 4 Or fir m si-Mi Laat V* Day Laat Quota Ot» CfJ *TJ hh» La. Mm C.mpany m> room HN» U» Bayar »a6ar c-yr p/t >■" Prtc MULTHNDUSIKY 182 17.5 mb 1000 Acma 50c 106 cd -3 146 K>9 106 105 106 33
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  • Page 28 Advertisements
    • 42 28 pl~ip PgiM Sa-e oepc, Bo.es llfQ fjllGllCO. Vessel Loan Factoring l I 1 i A|| Ma Kit Tel: 488 B>»C> B»«* Tel: 282 1458/161« B«<«ll T«l: 446 8811/8288 Irtlt Tlaili T«l: 417 UH/1118 E«»t C«»St Til: >48 8?»?/8ZB8 tirilHH Ttl: ZBB 8888/88SS
      42 words

  • RUGBY world cup
    • 621 29  -  The Rugby World Cup is like women's Grand Slams; there're no surprises By\ Shahiron Sahari [SYDNEY] Watching the Rugby World Cup is like following a women's Grand Slam tennis event: lots of attractive match-ups in the early rounds, some tense moments for the seeds, but the
      AFP  -  621 words
  • Page 29 Advertisements
    • 305 29 Where to wine, dine and (SE&sgfe- Mi £><& Mlkday §ppcial kineh Mpl '•@|43Onotppritp tfith <^^focr«o{ldnnß Mushroomed Chicken Tai Bak fri^SMacaroni •pri« inckidpaovteeChw# end jf relftfanl 6wernra«rt Tax J/ .forlte»eTV6tion»( coll u» al 430 4119 a Al 218 Queen Street. Singapore *****-9 L_ Select from our extensive a la carte buffet
      305 words
    • 90 29 Basalts wrap-ups Pool A: South Africa 46 Scotland 29; Uruguay 27Spain 15. Pool Be England 67 Italy 7; New Zealand 45 Tonga 9. Pool Q Fiji 67 Namibia 18; France 33 Canada 20. PoolDs Wales 23 Argentina 18; Samoa 43 Japan 9. Pool Es Australia 57 Rumania 9, Ireland 53
      90 words
  • Page 29 Miscellaneous
    • 1097 29 CRYPTIC CROSSWORD ACROSS g 1 One's holiday wardrobe rep--5 Getting a hundred into line should be easy (6) 'T 9 Approach big noise about a mm buffoon (8) 12 Dancer's step, a refinement of the canter 13 A quarter quietly landed in 16 Page promoted and commend- -_JiE—JlB 21 The
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  • KNOWLEDGE economy
    • 1357 30  -  Corporations need to fundamentally change the way they describe, measure and reward performance in a knowledge-based economy. alsxaxder lbbb lays out some of the challenges for CEOs, CFOs and HR directors ALEXANDER LEEB The writer is managing partner of The Boston Consulting Group in Singapore THE
      1,357 words
  • Page 30 Advertisements
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    • 13 30 PiWoRACCeI GOT A QUESTION OR COMMENT? Please e-mail ebusmess@sg.orade.com. and BT will respond
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  • SHIPPING TIMES
    • 298 31 Bridge News, Reuters THE dry cargo freight market saw mixed fortunes for most types of vessels, although gains still outweighed losses, which was reflected in rises to nearly all of the Baltic indices, brokers said. The Baltic Freight Index (BFI), the Baltic Capeaise Index and the Battle Panama*
      Bridge News,; Reuters  -  298 words
    • 172 31 M4 M rill I Mm 1M 32 1 ChuMMup ISO -OCT 1M» Mil 3S«E=y8 ss I dilMdtH, 1M -0.01 12 itotatocfc 0.57 0.01 M nn» y rrt SOU 0»prty M-US OJS undl ItT nadfle C*m*n 102 OJO 1ST PMlMMC«f 0J4 -001 f taMnM l.M -0.03 1MT tm>M4tf HI
      172 words
    • 400 31  -  Fuel costs rising feeder operators on S'pore trades to announce increases this week By] Marcus Hand (SINGAPORE] Shipping lines on two trades in the Asian region announced emergency bunker surcharges last week to combat rising fuel costs, with feeder operators on trades
      400 words
    • Article, Illustration
      67 31 [PUNTA ARENAS, Chile] An immense iceberg, named B-10A, floats 600 miles south-east of the Chilean coastal town ofPunta Arenas and2oo miles north-east of the Antarctic Peninsula. The iceberg, which measures 16 by 40 statute miles and travels at a speed qf seven nautical miles a day, is monitored
      AFP  -  67 words
    • 289 31  -  OBITUARY MARCUS HAND [SINGAPORE] Ted Arison, the IsraeliAmerican founder of the world's largeet cruise ship operator, Carnival Corpora- tion, died of a heart attack at his Tel Aviv home on Friday at the age of 75. Mr Arison, one of the world'e richest men, made his fortune
      AFP  -  289 words
    • 183 31  -  By I Marcus Hand [SINGAPORE] Shippers are forming a worldwide virtual community on the Internet to exchange information and increase international cooperation. The decision to form a global network which shippers round the world can access was taken at the recent global tripartite shippers
      183 words
    • 125 31 Bernama [NEW DELHI] The Malaysian government and the private sector have taken keen interest in the setting up of a port at Colachel in the southern tip of the Indian peninsula. Following discussions between a ministerial delegation from Malaysia and the chief minister of the
      Bernama  -  125 words
    • FOCUS shipwrecks
      • 997 32 S Africa's first high-tech water excavation will soon reveal the mysteries of the Dutch East India Co shipwreck [CAPE TOWN] IMPORTANT historical artefacts will soon be recovered from the Brederode shipwreck, off the Cape Agulhus coast, using highly sophisticated and specialised equipment in South Africa's
        FILE PHOTO  -  997 words
    • 182 32 PACE DiakUoytf 8 ACl 6 Oongnwii 3 AM. 3 ECU Line 6 t Accord 8 ECl 4 Append* 5 Austral 8 F08^s BaiafiShpq 5 GU 4 jy Gemartrans 6 HangN 7 Btang Mas 8 H«onn 3 CC* 7 W—| A 4 CMA 8 Hyundai 7 COSCO S
      182 words
    • 19019 39 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage SIN Oest'n None Name Number Number SIN Dest'n Name Name Number Number 13/10 07/tl Norsul CSAV SINGAPORE 0I2S 65-*****33 To ABIDJAN (ABJ) 2003 Cot* D'I voir* i3/» oo/n cosco ever guard ooiow *5-22«90c B/B H/tl
      19,019 words
    • SHIPS IN PORT
      • 667 43 Vtisd Voy No Nfth Antral Popart** jm«M MMmki now joi 04/n/M5 im/mvimo n Sar Saktl A***** JOI OA/MM 0VNVK00 CaMc Ddp* DCC-99 J03 04/10/8:30 04/10/2330 —I—13 OCT-99 J03 04/10/8:10 05/XVB30 M lastari OCT-01 JOI 04/KVM0 04/10/2339 Hang Star Apr-99 J02 04/W/KJ0 04/10/2330 Mvcopato 56 01/WJ Jtt 04/KV12J0 06/10/630
        667 words
      • 1945 43 RECEIVING OF EXPORT FCt CONTAINERS AMP La CARGO fcutofftUMf Rstts SI# Voy No Et>/Btr NrfcX Fw T« froa i Mxcown *noa vmo a wm omm omm j a 03/IM 04/04J9 04/0*00 I 04/0700 04/M 04/1400 4 M/ate 04/mm oVffoe iauuc om yem a ovrmo mmh 04/0*00 j QVT700
        1,945 words
      • 188 43 Oat 10 Taiwan: Double Tenth National Day. OH 11 Canada: Thanksgiving Day. Japan: Sports Day Holiday. United States: Columbus Day. Oat 12 Mexico: Columbus Day (optional). Spain.- National Day. Oat 18 Hong Kong: Chung Yeung Festival. Oat 23 Thailand: Chulalongkorn Day. Oat 95 Ireland-Republic OF: October Holiday. New
        188 words
      • 778 43 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
      • 360 43 Carta, MO MU 9*0.6 U 14.7 0.08 74 0.05 PaailU Mater IhMn Ask Makki SMM NaabawE2S 0 1 0 0 22J1 ==2 380 AM 967J 0.4 1X2 0.06 31 0.02 m Mai 99L6 OJ 15.7 0.11 78 0.06 H/W %H/U »MI WM —a— Maa>awC3S 4 0
        360 words
    • AIR & LAND transport
      • 318 44 Safety not given as much weight as economics in code-sharing deals: govt report AFP [WASHINGTON] US transportation authorities have recommended that aviation regulators begin examining the safety records of foreign airlines that partner with US companies, The Washington Post reported. A
        AFP  -  318 words
      • 355 44 Bloomberg [TOKYO] Japan's Transport Ministry said it has not yet determined where Tokyo's third major airport will be located, and that details will be decided after March 2000. The ministry in August sought 300 million yen (Ss4.B million) for the year
        Bloomberg  -  355 words
      • 402 44 Bloomberg [LONDON] BAA pic, the world's biggest airport operator, warned that profit would not meet estimates this year, because of falling income from duty-free shops. BAA said pre-tax profit for the fiscal year to March 31 will be £30
        Bloomberg; FILE PHOTO  -  402 words
      • 182 44 AFP [LIMA] The air transport group Taca has launched a new airline in Peru and promised to invest US$25O million (***** million) in the country's airline and tourism industries. Taca president Federico Bloch, who controls 49 per cent of the company, said the new airline
        AFP  -  182 words
      • 715 44 Purchase by Onex of Air will toka it out of Alliance Bloomberg [CHICAGO] UAL Corp's United Airlines and its partners will try to block a bid by Onex Corp to purchase Air Canada and Canadian Airlines Corp as they try to keep their
        Bloomberg  -  715 words
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  • Page 31 Advertisements
    • 216 31 United Parcel Service (UPS) has named Dmtanßoni as managing director of UPS Singapore. He will be responsible fl for the strategic management and growth of the Singapore company, inducing marketing, business development f customs brokerage as well as finance and accounting. Mr Bond spent It years with UPS, holding key
      216 words

  • Page 32 Advertisements
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    • 413 32 Jjg FR. MEYER'S V SOHN Turn To Pg4 i I ouhouwp Ivor |y»l iwt MMIOYtNOttUNM ***** ,W I 1 I in ■i—niu oisi km Im.mln.ml km is.ii km km km I«.m|kml HMMWU—« ~IM KM MJL M »I.M| I I qiiOWßi ~M KM ON KlO I tl.Ml KM I aaum mm
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    • 211 33 g A rcl™ «sLvig™n ia mist #w# I i/m Ib/i# -I I m/m I#>/!# |-I I BW&ayu—fin I B/ll I wflo Iwifl 88 mt row -I- I #i» l##/i#lii/i# is/i# ivi# ivi# immßi tic I j I jjflj l*Bn j»w 1 mem a l#yi»|#s/n In# ITO I I IfHl IwMSb
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    • 1292 34 DSR-SENATOR LINES TO UK/CONTINENT TOMEDnraRANEAMCANADA vtna. wrr m lbT~ nm urn ham mv m «a ww an it m in m HAiUN VALENCIA MMW till 11 1111 2111 811 23.11 MM WASHUBTOa KHATOa MCW tilt 1111 a* a M M 1* HANJMOAUAN MM Mil 2311 M M Oil ail M.II
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    • 700 34 "Kvv* J WNOHMmNM SBU: (064) *****9 MAMLA; (032) *****24 W V PENANG: (04) *****36 BANGKOK: (662)*****67 SURABAYA: (31)*****11 P. KELANQ: (03) *****77 JKIi (21)*****46 KUCHMQ (002) *****1-3 DIRECT COMSOI. TO;- VALPARAISO MANZANILLO VERA CRUZ PUERTO CABELLO BOOKING, PIS CALL CYNDI/CALLY/XIUHUA rai 1 MAT NH It V—Eastern Car Liner, Ltd. vSI*
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    • 1620 35 Iveooel voy kmh hkq tm pko pop pxb dmm Iba am l IRAN TAKHTI PCL-5122 29/00 01/10 08/10 00/10 10/10 10/10 17/10 10/10 21/10 HUN TABATABAEI PCL-5123 00/10 00/10 12/10 13/10 22/10 23/10 24/10 20/10 20/10 IRAN SATTARI PCL-5124 13/10 10/10 10/10 20/10 20/10 30/10 31/10 02/11 04/11 IRAN BAAKERI
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    • 1080 35 \Wi>Uf iifcf QM* r Mi|iy (7 top) I SINGAPORE'S GfNERAi AGCMTS: SO ROMNSON RD TIL- 226 1000 FAX; *****01 OUTWARD (BA) fc TT2osSS2™TsMosiO?nC^ i, ,B >— ai,,,lß,<i COSTAR SNIFFING PTEITD saus/kos 420StS7/M uewao ocn (D/O) 420szts COSTAR AGENCIES (M) SDN BID 4205t50/55 T/SHfMT pgr *****2S TIL 02-07-15 ***** WL 02-07-*****70
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    • 938 35 EXPOUT IMPORT "I Mxnm umotsnimak\)mamaiiimimmwmmymnm mm BBBBBBBBHB t EXPORT IMPORT VESSa [vox Hi LGO OAI VESSa VOT in OAC m KJUWWN MI ME WK oMT HIMURNGTQN OOOW 20/w 23/00 12/10 HI WRSHWGTON 0241 17/10 04/11 00/11 HI MALTA OSSW 17>00 30/00 10/10 HI KKUN 01M 24/TO~ VUW IW ■*»*,S2J «**ASH
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    • 957 36 ADVANCE CONTAINER LINES (PTE) LTD Al I Z TEL: *****21, FAX *****19, TEL£X :RS ***** ACLPL FOR BOOKINGS PIiASC CALL *****22& ALES A MARKETING *****21-2S OPERATIONS: 2212MW *****06 CR NO. *****M000aE mAMOXOKiummmrnk JAK&rnTA-n+mmmm vna Ivor w kk vtssa I vor i mn 1 act KOIA RAIMA imJ/LCHI UNA) 57 5/10
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      458 words
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    • 783 37 WALLENIUS WILHELMSEN TO NORTH AND UTINAMERKA "CAS ROtO WAVYUFT SHVKE" fVKSa VOY RAMP HEIGHT SM UX OH. MA SAV BAL 0» NYC WW MB um JBST 400 Imb IS *****" 09/11 Wii 11/11 23/11 25/11 24/11 21/11 02/12 M/ 12 UUNT AHOI 400 Taw 6.3* 31/10 It/11 04/12 07/12 09/12
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    • 323 38 INDONESIA NATIONAL LINE TO AUSTRALIA ""I RJLLCONTMNERaoMCC vs. Iwlwc ailw —In» I lit| mi Jim mmmi pi nm H/it w/niyi« »/w rwam las I «yn h/h i;/w w/i> n/i> mivarr ml it/H 14/14 K/it »/i9 »/i> mmmu El 4/N|h/io|M/H| |M/ll| FEEDER SERVICE TO INDONESIA j *a vot van mam m
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  • Page 39 Advertisements
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      56 words


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  • Page 43 Advertisements
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