The Business Times, 4 November 1999

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Total Pages: 46
1 46 The Business Times
  • 12 1 THE BUSINESS TIMES 85C SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY, NOVEMBER 4, 1999
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  • 64 1 sn 2087J0 (+30.77) BT-SRI 796L37 (+10.19) sdcsci nmjiES ***** (+5.90) STOCK MAXKET INDICES Wednesday Change KLSE COMP 730 62 +3,59 NIKKEI Closed HANG SENG *****.33 -7&51 SET INDEX ***** +030 JAKARTA COMP 608.59 ♦9.18 MANILA COMP __1(>4189. +7.84 TAIPEI WPI 7380.09 -***** SEOl'L OOMP 887.15 -3.08 CLSA CHINA
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  • 81 1 FOREX RATES I'SS ss LSS 1669 £(1 SS/SS per 1.651 1755 ETRO(TSS/SS per E) 1.051 1.754 DM 1.861 0.897 YEN 103.7 1.608* R M 1800 0.439 HKS 7.770 0115 BAHT 38.72 0.043 RIPIAH 6.739 0.025* 'St to 100 units FUME SATES SINGAPORE* 5.80 KUALA LUMPUR 7.25 JAKARTA 40.00 BANGKOK
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  • 914 1  -  I exclusive Major players battling to find niche in e-commerce revolution By i Catherine Ong [SINGAPORE] One of the biggest industries in Singapore, foreign exchange trading, will soon undergo profound changes because of electronic commerce, bankers warned. The big forex houses said they have
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  • 924 1  -  President wants change spelt ont in next IMF Letter of Intent, expected by mid-Dec From Shoeb Kagda in Jakarta IN a major shift in economic direction, Indonesia's newly-elected President Abdurrahman Wahid has asked the International Monetary Fund (IMF) to focus more on agriculture
    REUTERS  -  924 words
  • 536 1  -  It places oat excess shares instead of damping them on open market By' Ven Sreenivasan [SINGAPORE] Brandes Investment Partners has started selling down its DBS Group shares to bring its shareholding within the statutory limit, but the market was relieved yesterday that the US
    Source: Bloomberg  -  536 words
  • Page 1 Advertisements
    • 182 1 DfSmE Top stories Oct trading on SES down 17% to lowest in 8 months. Pg 4 Sing lower; MAS may have intervened. Pg 8 BT Comment High-tech lessons from Europe. Pg 9 Motoring sa WMM The shape of tilings \o come. Pg 32 Shipping Times Joseph Tan Jude Benny emerges
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    • 10 1 ÜBS marrtntforward trading of G-3 currencies to Tokyo, Next Page
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  • NEXT page
    • 678 2  -  l»ii exclusive The regional HQ for risk management, spot trading, derivatives, to stay in S'pore By i Catherine Ong [SINGAPORE) ÜBS. one of the top three foreign exchange banks in Singapore, is moving the forward trading of major currencies from the
      678 words
    • ON THE grapevine
      • 97 2 SINCE Neil Armstrong and two other US astronauts soared across the heavens to land on the moon three decades ago, prices of goods and services everywhere have gone up considerably. For example, a special Time magazine edition on July 25,1969, to mark the moon landing carried a subscription
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      • 76 2 HERE'S a gem of financial forecasting that we have just come across. It's from the latest report of a Singapore securities house on the impact of component shortages on the revenues of info tech companies. It says: "As such, we earlier concluded that the only negative effect that
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      • 168 2 AFTER his "Saving Private Ryan" speech some time ago, Hongkong's Financial Secretary Donald Tsang now wants to go for the "Full Monty". No, the outspoken Mr Tsang is not going to do a striptease act for the public. In his speech to the Confederation of
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      • 113 2 NASDAQ has been going great guns lately and one local stock that's clearly benefiting from this is Creative Technology, which has been shooting up over the past week. How high can it go? Traders must be wondering if it can cross the $30 mark as it did a
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 499 3 I c.* J;:- t* •>:'*' v 1 -Ifli xSfif? 3m:; T'7-Qr %V" y.l! 4 I 4 4, r? £$>&&& <m I "?P& T .r ft 'A, i. •|ft|jll'tf V. ~?T\ V-- :<lffl^#v'; jfjf; yy '||MhIL Win SI I i I I I OK P i A s I I \uii
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  • SINGAPORE companies
    • 638 4  -  Sesdaq turnover dives 36%; investors sidelined by external concerns Hy Ven Sreenivasan TRADING activity on the Stock Exchange of Singapore fell to its lowest level in eight months in October as investors remained sidelined amid the uncertain external environment.
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    • 1038 4  -  IStoMHlock siew| anthony rowley EQUITY analysts are rather too fond of referring to a particular level in any given share index as being "psychologically important", for one reason or another. Yet. over-used as this phrase may be, it does
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    • 560 5  -  It secures licence for Sun-Netscape technology to offer Net portal solutions Rlf Teh Hooi Ling SINGAPORE Technologies Telemedia is entering cyberworld in a big way with plans to pump at least US$3O million (Ssso million) over the next two years into Internet businesses.
      560 words
    • 252 5 US-based company may increase or sell off its holdings Bloomberg AVNET Inc, one of the world's biggest computerparts distributors, said it's in talks with Serial System Ltd about its stake in the Singa-pore-based electronics distributor and manufacturer. Avnet, which owns about
      Bloomberg  -  252 words
    • COMPANY Briefs
      • 97 5 FRUIT and vegetable distributor FHTK Holdings said that at least half of the proceeds from its previously announced rights issue will be used to repay bank borrowings. FHTK announced in September that it will raise $43.5 million in net proceeds from its rights issue
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      • 32 5 ENG Kong Holdings will be listed on the mainboard today following its application for a transfer from Sesdaq. The short name of the shares is EngKong.
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      • 106 5 STRIKE Engineering yesterday said it has an option to buy a freehold factory for $7.25 million. The acquisition is to better house the company and its units, and $2 million of the proceeds from its recent listing will be used for the purchase.
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      • 62 5 HOTEL Properties yesterday announced the setting up of an associated company, Hard Rock Cafe (HK) Ventures Ltd, with a paid-up capital of HK$lO,OOO (552,150). The unit, which will run restaurants and sell merchandise, is fully owned by HRC (HK) Holdings, which is in
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    • 135 5 BONVESTS Holdings' general manager John Chin has resigned as general manager. A brief company announcement yesterday said his resignation from Nov 1 was accepted by the directors with regret, but did not give any reason for his leaving. Mr Chin, 45, was in
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    • 355 7  -  Grand Orient placing out 59.1 m of developer's shares at 22.5 US cts each Lit/i Carol Eng CHINA property developer Dragon Land plans to raise US$l3 million (5521.7 million) from a placement of shares equivalent to one-fifth of its current issued share capital. It
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    • 203 7  -  UOI will pay a sum equal to the audited net book value of ICI lty\ Soh Tiang Keng UNITED Overseas Insurance (UOI) announced yesterday it intends to acquire sister company Industrial and Commercial Insurance (ICI). This acquisition is subject to the approval
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    • 195 7 Reuters STOCKBROKKR GK Goh has placed an "outperform" rating on Parkway Holdings on expectations of a high return on equity in healthcare operations, compelling valuations and attractive short-term prospects. GK Goh, in its latest research report obtained yesterday, set a 12-month fair value
      Reuters; FILE PHOTO  -  195 words
  • Page 4 Advertisements
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    • 566 4 Workshop on Finance for Non-Financial Managers As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction
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  • Page 5 Advertisements
    • 13 5 Buy It. Sell It. Find It. Classified. 1800-737-1166 Call Today For Results Tomorrow.
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    • 75 5 We're FIRST again. "The World's Most Admired Niati, Package and Freight Delivery CompanyV 999 In 1999, in a Fortune magazine global survey of senior executives, board members and financial analysts, wor id wide UPS was named the world's most admired company in its field. If this sounds all too familiar,
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  • SINGAPORE markets
    • 583 6  -  comment STOCKS r.sivanithy AN improving Indonesian outlook, receding US interest rate fears and a new overnight record high for Nasdaq breathed new life into the local market yesterday, sending prices up for the third time in the past four sessions.
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    • 207 6  -  WARRANT WATCH By\ R Sivanithy FROM the looks of things, the search for laggards might go into full swing soon liquidity in the small cap segment has ballooned and the penny stocks are starting to move. Of course this may
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    • 237 6  -  HOT STOCK By Ven Sreenivasan THE shares of DBS Group took a battering last month following the Monetary Authority of Singapore's rejection of Brandes Investment Partners' request to hold on to its 7.1 per cent shareholding in the group. The stock tumbled 7 per
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    • 126 6 Thursday, Nov 4 ♦9.30 am. FHTK Holdings Ltd holds extraordinary general meettng ♦Ham. Ritchie Brothers holds first auction in Singapore ♦12.45pm. Press briefing by Trade Development Board on "Intellectual Property Rights Protection" ♦3pm. Press conference to discuss release of Mercer's third-quarter 1999 performance report and ratings for
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    • 450 6 Bloomberg [SINGAPORE] The Singapore dollar fell yesterday from an 11-month high recorded on Tuesday, as buying of US dollars by local banks triggered speculation that the central bank is selling the city's currency. The Monetary Authority of Singapore (MAS) couldn't be reached
      Bloomberg  -  450 words
    • 451 6 Stock* Volume Golden Agri US10c 38,288,000 "Gentmglnt 30,060,000 Asia Food&Prop USS 22,468,000 Medtecs US5c 18,919,000 RoJy IrrtUSIOc 17,033,000 IRE Corp 10c 16,380,000 Fastech US10c 13,238,000 DBSGrp *****,000 KLW Htdgs 10c 10,246,000 IPC Corpo 5c 9,259,000 Stocka DBSGrp 246.035.748 Chart Semiconductor 26c 36,223,550 OC8C 33,301,059 UOB Foreign 19,574,568 SIA 17,887,650 Golden
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  • Page 6 Advertisements
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    • 17 6 investment advice? 323-3955 88DBSBANK Buy It. Sell It Find It. Classified. Call Today For Results Tomorrow. 1800-737-1166
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  • Page 7 Advertisements
    • 394 7 COMPLAINT MANAfiEMEIfT TOWARDS SERVECM CONDUCTED BY: PROFESSOR ROBERT JOHNSTON Business School, University of Warwick f Holida y ,nn Park View, Singapore 9.00 am 5.00 pm 1. COMPLAINTS AND BUSINESS BENEFITS the acid tests for complaint management 4. MEASUREMENT AND ANALYSIS satisfaction, retention, and improvement identifying information needed L3^'r ha,n inki
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  • SINGAPORE news
    • 419 8  - Sing lower; MAS may have intervened Short-term interest rates up due to Y2K, rate hike concerns Siow Li Sen THE Singapore dollar was driven lower yesterday and it was believed that the Monetary Authority of Singapore (MAS) had intervened the day before to prevent the currency from strengthening too much.
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    • 479 8  -  collective Emraa Owners of 120,363 sq ft Lorong Chuan site hope to reap over $72m from tender iti/ Marissa Chew ANOTHER whopper of a site has come up for sale in the Ix>rong Chuan area the owners at Arang Court are coming together to sell
      479 words
    • 349 8  -  Andrea Tan FOR every square metre of industrial space, the manufacturing sector produces an average output of $710, a rise of 4.1 per cent annually since 1990, latest figures from Jurong Town Corporation show. From $450 per square metre (psm) in
      349 words
    • 352 8  -  on the economy asian dollar market Ity I Soh Tiang Keng THE Asian dollar market Singapore's offshore market surged by US$6.9 billion in September to hit US$475 billion, the Monetary Authority of Singapore (MAS) said yesterday. This rise was a turnabout from August when
      Source: MAS  -  352 words
    • 265 8 LOCAL destination and event manager East West Executive Travellers Pte Ltd has brought Corporate Games a corporate multi-sport festival to town. It has secured the franchise for the South-East Asia Corporate Games, which is part of the Worldwide Corporate Games Community. "Apart from having
      SIEW YAW HOONG  -  265 words
    • 242 8  -  Ling Su Ann FOUR natural rubber producers in Thailand and Indonesia, and Japanese trading giant Itochu Corp have formed an international rubber trading firm in Singapore. Called Rubber Net (Asia) Pte Ltd, the new firm will start off with a paid-up capital of
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    • 543 9  -  r Mmmtnt J TECHNOLOGY It's a big-tracks global market for the fleet of foot kenneth james THE first stop was Dublin, where the weather chilly despite cloudless skies was more than compensated for by the warm hospitality and rich humour of our Irish hosts. Then on
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    • 270 9  -  It's region's top seller of e-commerce software licences Toh Han Shih SUN-NETSCAPE Alliance plans to treble its staff strength in the Asia-Pacific to keep up with triple-digit growth in the region's electronic commerce business. Sun-Netscape Alliance se- nior vice-president Stuart Wells told BT that
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    • 713 9  -  —aiT-naft Bin Hee Heng Singapore MRS Tan-Huang Shuo Mei, assistant manager of the Customer Service Department of the CPF Board, stated in her reply (CPFIS processes under review, BT, Oct 22) to various letters that "the cost for members need not necessary be lower" if
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  • Page 8 Advertisements
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      141 words
    • 11 8 Collective sales hit $3b in 3 weeks, Executive Suite, Pg 30
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  • Page 9 Advertisements
    • 471 9 It would be a pity if you didn't look at the Lange 1 But you certainly don't need one to movement with a magnifying glass. read its patented outsize date. The Lange l's balance-cock. Lange's inimitable watchmaking skill in magnification: free-hand cutting by a master engraver makes every balance-cock unmistakably
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    • 19 9 E-mail: btletter@sph.com.sg Youomntmatmmt kxtornm *****71, ormaMyourhtfrto 7tm Dim*mm nam, TtnmHoum, 390 Kim Sang Romd, Singapore 2W4Q6,. PteaaaglvayourMlnama, addnaa andtahphonanumbar.
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  • EDITORIAL & opinion
    • 793 10  -  mum I bottom line OPINION maureen dowd The writer is a New York Times columnist I WILL say this in Naomi Wolfs favour: you've got to respect a woman who gets a vice-president to pay her a salary higher than his own. Time magazine
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    • 103 10 It was all money, money, money, Gucci suitcases, two Rolex watches, private jets one day I woke up in a hotel, and it was all just emptiness. I couldn't take it anymore, so I just stopped.' -UriGeller the famed "spoon-bender" on why he quit the business. Reason
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    • 622 10 EDITORIAL A LOT is said these days about sharpening Singapore's entrepreneurial edge, and in such discussions it's almost de rigueur to throw in a line about the need to tolerate failure. But going beyond lip service seems to be another matter altogether. One way to
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    • 1252 10  -  Unless New Delhi can kick-start the economy, Indian industry could remain locked in stagflation By] Prem Shankar Jha The writer, a New Delhi-based journalist and former editor of The Hindustan Times, contributed this article to BT THE Vajpayee government, in its new incarnation, has inherited
      FILE PHOTO  -  1,252 words
    • 910 10 Tough bargain AFTER months of hard bargaining, Mickey Mouse and chums are finally packing for their move to a new home in the SAR. In an economy still hamstrung by recession, the long-awaited announcement is the most positive sign that better days are coming. It gives
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  • MALAYSIA news
    • 548 11  -  nil exclusive New four-year loan split into 2 tranches; loan lead-arranged and underwritten by HSBC Bank From Diana Oon Abdullah in Kuala Lumpur THE Malaysian government has appointed underwriters for a syndicated loan to refinance. at substantially better rates, a US$l.35 billion
      FILE PHOTO  -  548 words
    • 221 11 KUALA LUMPUR AFX-Asia MALAYSIA may need up to five years to regain its single A rating status, said Stephen Taran, Salomon Smith Barney managing director of corporate bond research and global head for sovereign credit research. The Malaysian Business Times
      AFX-Asia  -  221 words
    • 144 11 KUALA LUMPUR Bernama THE reinstatement of Malaysia in the International Finance Corporation (IFC), a unit of the World Bank, effective from Monday, Nov 1. saw only a marginal impact in the local stock market yesterday. "It did provide some positive impact to the
      Bernama  -  144 words
    • MARKET moves
      • 45 11 INVESTORS greeted the rumour that Arab-Malaysian banking group is set to marry Utama Bank with cautious optimism. Utama rose five sen to RM2 while AMMB closed unchanged at RM7.85. The two recently broke away from their forced marriage to Perwira Affin Bank.
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      • 114 11 THE share price of Nanyang Press Holdings has been holding rather well although it lost a major defamation case to Mirzan Mahathir, the eldest son of the Malaysian premier. The counter closed at RM4.46 yesterday, 20 sen or 4.3 per cent below the closing price on
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      • 52 11 RHB Capital inched up 4 sen to RM3.34 after unveiling a sterling set of first-quarter results a turnaround from two years of massive losses. In addition, main subsidiary RHB Bank, which is keen to be an anchor bank, is believed to be talking to potential
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      • 72 11  -  Compiled by Eddie Toh INVESTORS are not too excited over reports that CI Holding has offered to buy a 30.3 per cent block in KFC Holdings from Ishak Ismail for RM4SO million (*****.5 million). CI shares shed 10 sen to RM6.10 in thin trading. CI
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    • 189 12 KUALA LUMPUR Bridge News A UNIT of construction company United Engineers (Malaysia) Berhad (UEM) will buy a 33.33 per cent stake in waste treatment and disposal firm Kualiti Alam Holdings from Arab-Malaysian Development Berhad for 40 million Malaysian ringgit (5517.6 million)
      Bridge News  -  189 words
    • 496 12  -  Deals are for work on RM6b integrated steel complex in Kudat, Sabah Pirtm Ruth Wong in Kuala Lumpur MALAYSIA moved a step closer towards establishing a six biUion Malaysian ringgit (552.6 billion) steel complex in Sabah's Kudat town following Nusantara Steel Group's signing
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    • 286 12 KUALA LUMPUR TWO Pengkalen subsidiaries of Malayan United Industries Bhd (MUI) will be requoted on the KLSE tomorrow and on Nov 11 following capital restructuring, The Star reported yesterday. Pengkalen Holdings Bhd, to be renamed Pan Malaysia Holding Bhd, and Pengkalen Capital Bhd which
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    • MALAYSIA Briefs
      • 75 12 Bridge News [KUALA LUMPUR] Merrill Lynch raised its estimates on Malaysia's gross domestic product (GDP) growth for 1999 to 5.2 per cent from 4.9 per cent previously, and to 6 per cent for 2000 from 4.6 per cent, official news agency Bernama reported
        Bridge News  -  75 words
      • 78 12 Bernama [MELBOURNE] Car Lovers Carwash Ltd, which is 72 per cent owned by Malaysia's Berjaya Group, suffered an annual net loss of AJI.S million (Ssl .6 million) compared with the previous year's loss of A) 11.9 million. In Car Lovers' annual report released yesterday, managing
        Bernama  -  78 words
      • 98 12 Bridge News [KUALA LUMPUR] Hong Leong Industries has proposed to issue up to 125 million Malaysian ringgit (5554.9 million) nominal value bonds to part finance some of its businesses, refinance existing debt, and to raise working capital. The five-year unsecured bonds which mature in
        Bridge News  -  98 words
      • 63 12 QUOTING a report in the Malaysian newspaper The Star, BT yesterday reported that Berger International Ltd plans to shift its headquarters from Singapore to Malaysia. Berger has since clarified that it has no plans to do so. It is only setting up a new research and development centre in
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  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 431 12 rl h iW LiJ ICM Special Feature November 30, 1999 A.aJlll z The tide has turned. The shipping industry has picked up dramatically in the past year. It's all systems go! Around the world, aging fleets have to be repaired, converted or z replaced and local shipyards can develop more
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    • 263 12 4th November, 1999 Deutsche Bank AG acting through its London branch NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF EUROPEAN STYLE CALL WARRANTS RELATING TO THE BASKET OF SINGAPORE BANK STOCKS ISSUED BY DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH, ON 3RD MARCH, 1999. Notice is hereby given by Deutsche
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    • 89 12 W *35? -W *8* <*::■■> Hi a OPEN TO THE PUBLIC I 3rd S 4TH ORIENTAL 4 CARPET AUCTION NO RESERVED PRICE All carpets must be j; auctioned off! Regardless of price TRIE PERSIAN AND IRANIAN CARPETS I r OTTOMAN/TIRKISH AND CENTRAL 2| 1 ASIAN CARPETS Wool. Silk. Vu and
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  • SOUTH east asia
    • 551 13 MANILA Banks warned to act fast on mergers as 2 form nation's biggest financial institution Bloomberg WHEN he was named governor of Bangko Sentral ng Pilipinas (BSP) in July, Rafael Buenaventura shook Manila's bankers by predicting just five banks would control 80 per cent
      Bloomberg; FILE PHOTO  -  551 words
    • NOTE Book
      • 87 13 AFP [BANGKOK] Organisers of an international arms fair which opened in Thailand yesterday say the Asian economic crisis has taken its toll on the cash-strapped defence industry. Over the next three days some 100 companies will tout state-of-the-art military technology and hardware to local
        AFP  -  87 words
      • 55 13 Bridge News [JAKARTA] Bank Indonesia has not changed its forecasts and still predicts that Indonesia's economy will be stagnant for 1999, the central bank said in a statement. It said that inflation for the year would likely come in at between 2 per cent and
        Bridge News  -  55 words
      • 69 13 AFX-Asia [MANILA] Duff Phelps Credit Rating Co said it has affirmed its stable ratings outlook for the Philippines in view of the government's effective management of the economy amid the Asian crisis. "The outlook on the ratings remains stable. Although economic activity slowed and the
        AFX-Asia  -  69 words
      • 71 13 AFX-Asia [MANILA] US Export-Import Bank has finally approved the rehabilitation plan of Philippine Airlines, Business World reported. Based on documents filed with the Securities and Exchange Commission, Eximbank said it is "formally withdrawing" its objection against the plan after PAL managed to address the bank's
        AFX-Asia  -  71 words
      • 67 13 Bloomberg [BANGKOK] Finansa Ltd, a Bangkok-based financial advisory firm, won a government auction of a Thai securities licence, agreeing to pay 234 million baht (Sslo.l million) for the permit, the stock exchange said. The licence, which allows Finansa to offer brokerage and underwriting services, came
        Bloomberg  -  67 words
      • 62 13 Bloomberg [MANILA] Social Security System, a Philippine pension fund, said it accumulated enough shares in Security Bank Corp to obtain a board seat in the small lender. The pension fund, in a filing with the Securities Exchange Commission, said it bought 36.93 million
        Bloomberg  -  62 words
    • 376 13 ■JAKARTA Higher tariffs make up for fall in telephone traffic Reuters INDONESIAN state-run international telecoms operator PT Indosat said yesterday nine-month net profit surged 36.5 per cent, with higher tariffs compensating for a drop in telephone traffic. Indosat posted net income of 1.19 trillion
      Reuters  -  376 words
    • 335 13 BANGKOK Bloomberg CREDIT Suisse First Boston (Hong Kong) plans Dec 7 to auction off a 24.7 per cent stake in Bangkok Mass Tran sit System Pel. Thailand's first elevated train system, in a sale which is expected
      Bloomberg  -  335 words
    • 396 14 JAKARTA Ibra chairman Glenn Yusuf will not be replaced, says Kwik Reuters AFXAsia AFP THE International Monetary Fund said yesterday that Indonesia must strengthen control mechanisms at the cen tral bank and the Indonesian Bank Restructuring Agency (Ibra) to prevent further scandals
      Reuters; AFX- Asia; AFP  -  396 words
    • 305 14 AFP [BANGKOK) The economic crisis has failed to dampen Thailand's hopes of staging the 2008 Olympics, with Prime Minister Chuan Leekpai declaring his support for a bid, officials said yesterday. Chetta Thanajaro. chairman of the Olympic Committee of Thailand (OCT), told reporters that
      AFP; FILE PHOTOS  -  305 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 65 14 IBM DB2 and DB2 Universal Database are trademarks of International Business Machines Corporation m the Unrted States and/or other countries Windows and Windows A NT are trademarks of Microsoft Corporation in the United States other countries or both UNIX is a registered trademark in the United States and other countries
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  • EAST asia
    • 569 15  -  HK govt hopes three theme parks will be built on Disneyland site I'Yom Quak Hiang Whai in lUmykony THE Hongkong Disneyland could be the first of several major tourist attractions to be built on Lantau Island, Chief Executive Tung Cheehwa said. In an
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    • 70 15 (SHANGHAI) Shanghai officials yesterday briefing German Chancellor Gerhard Schroeder (second from right) on the history of Yu Garden during his visit to the city's famed traditional garden. The 300-year-old attraction was built by a Ming dynasty businessman for his parents. Mr Schroeder is on a three-day
      REUTERS  -  70 words
    • 193 15 SAN FRANCISCO AFP HONGKONG'S Information Secretary Kwong Ki-chi said here on Tuesday that 14 North American computer technology firms are in line to be tenants at the Cyberport centre off Hongkong. He said the companies have signed letters of intent to become
      AFP  -  193 words
    • 146 15 HONGKONG Bloomberg THB number of apartments changing hands in Hongkong rose 4.6 per cent in October compared with September, the first rise in five months. Still, October, traditionally one of the busiest months of the year for homes sales, was 23.7 per cent
      Bloomberg  -  146 words
    • 319 15  -  Move will make merged entity among world's top 100 hrttm Macabe Keliher in Ta ipei TAIWAN'S Ministry of Finance has mergers back on its priority list, proposing to bring together three government owned financial institutions to create a bank large enough to stand
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    • 223 15 TAIPEI Bloomberg ACER Group, one of the world's top 10 makers of personal computers, expects its sales next year to jump to a record US$lO billion (5516.7 billion) on increasing shipments of laptop computers and mobile phones to US customers. Acer sees sales rising 25
      Bloomberg  -  223 words
  • Page 15 Advertisements
    • 159 15 Group In Association With THEBusinessTIMESJ* DSBBB N INDONESIA FORUM The New Indonesia The New Cabinet: Policies and Personalities Foreign Investment: Prospects and Perspectives Foreign Relations: ASEAN, Singapore and Australia Regional Autonomy and Natural Resource Development Expert Speakers: Dr. Dewi Far tuna Anwar Former Presidential Advisor to B.J. Habibie Foreign Affairs
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  • SOUTH asia
    • 428 16 BOMBAY Analysts say profits show firms more competitive, recovering well AFP -INDIAN industry is well on the recovery path after nearly three years of slowdown, according to analyses of recent six-monthly company financial results. The Business Standard newspaper, which analysed the results
      AFP  -  428 words
    • 392 16 BOMBAY AFP HEAVY selling by foreign investors and Year 2000 (Y2K) fears have been responsible for the recent sharp fall in Indian share prices, despite definite signs of an economic revival, analysts said Tuesday. The benchmark 30-share sensitive index on the
      AFP; FILE PHOTO  -  392 words
    • 183 16 BOMBAY Bloomberg MAX India Ltd, one of the country's leading drugmakers. is teaming up with New York Life Insurance Co. the fourth-largest life insurer in the US, to set up joint venture for insurance in India. The new venture will offer insurance services
      Bloomberg  -  183 words
    • IN brief
      • 41 16 Reuters {COLOMBO} Sri Lanka has appointed a committee to reform laws for Internet trading, officials said yesterday. It will recommend laws to ease e-commerce transactions by ensuring reliability, address regulatory concerns and reduce litigation and costs.—Reuters
        Reuters  -  41 words
      • 51 16 AFP [BOMBAY] The Indian government is considering giving up its majority stake in public-sector banks in ongoing financial reforms, the Business Standard newspaper reported yesterday. It said the finance ministry's banking division was working out amendments to the Bank Nationalisation Act to do
        AFP  -  51 words
      • 47 16 AFX-Asia [BOMBAY] Bajaj Auto Ltd is considering hiving off its motorcycle plant at Chakan in Maharashtra state into a joint venture with an international company, a senior company official said, adding it is talking with several foreign motorcycle makers. -AFX-Asia
        AFX-Asia  -  47 words
      • 40 16 Reuters [BHUBANESHWAR, India] India's state-run National Aluminium Company Ltd (Nalco) said yesterday that its aluminium exports from the cyclone-hit state of Orissa could be delayed for 15-20 days but the commitments will be met. Reuters
        Reuters  -  40 words
  • Page 16 Advertisements
    • 168 16 I* -V' l v Ml OKI pfff| f% 3j*Sl Pakhoed and Van Ommeren have ■Wm'j Wa have pooled our worldwide assets, |PM|Bpi:. fe resources, people and experience. From tank w 'l(ii3lPstorage to warehousing, from chemical afci'- distribution to shipping, from individual services to supply chain management: Vopak will be the
      168 words

  • WORLD news
    • 528 17 SYDNEY Overnight cash rate raised to 5% from 4.75% first increase in 5 yrs Bloomberg AUSTRALIA'S central bank yesterday raised its key rate for the first time in five years, reversing a quarter-point cut made 11 months ago because the economy is growing faster
      Bloomberg  -  528 words
    • 741 17 ADELAIDE BSkyß's purchase of 25% stake will help media giant crack European market Reuters, AFX-Asia NEWS Corp Ltd chairman Rupert Murdoch painted an upbeat picture for the international group yesterday, with plans to crack the European media market in a US$l billion
      Reuters,; AFX-Asia; REUTERS  -  741 words
    • 338 17 SYDNEY No hnrry to sell, it's got a strong cash flow, he says AFP THE price for News Corp's 50 per cent stake in airline Ansett Australia has doubled to Asl.o billion (Ssl .07 billion), owner Rupert Murdoch said yesterday,
      AFP  -  338 words
    • 232 17 SEOUL Bloomberg DAEWOO Group's 10 main units have debts of at least 79.6 trillion won (Ssl 11.1 billion) 16 per cent more than the US$57 billion (Ss9s billion) which the group said is owed by all of its almost 30 affiliates. Korean creditor banks
      Bloomberg  -  232 words
    • 194 17 ■SEOUL Bloomberg FOREIGN direct investment in South Korea rose to a record in the first 10 months of the year as the government leaned on companies to sell assets and pare debts. Foreign investment totalled U5510.25 billion (Ssl7 billion) between January and October, 83
      Bloomberg  -  194 words
    • 261 17 MELBOURNE Bloomberg AUSTRALIA New Zealand Banking Group Ltd, Australia's fourth-largest bank, said second-half earnings rose a better-than-expected 39 per cent as it cut costs by closing branches and made more money from home loans. Earnings for the six months to Sept 30 rose
      Bloomberg  -  261 words
    • 507 18 MADISON, New Jersey Union would create the largest drag making company by sales Bloomberg AMERICAN Home Products Corp (AHP), and WarnerLambert Co, two of the top 10 US drugmakers, are discussing a US$65 billion (SsloB billion) merger, the Wall Street Journal
      Bloomberg  -  507 words
    • 226 18 WASHINGTON Bridge News INTERNATIONAL Monetary Fund managing director Michel Camdessus is hinting that he will leave his job before his term expires in 2002, the Wall Street Journal reported yesterday. Mr Camdessus is serving an unprecedented third 5year term as the IMF chief. He has
      Bridge News  -  226 words
    • 63 18 [ST PETERSBURG, Russia] A worker wrapping an ancient statue created in 1717 by the Italian architect Tropelli, in the Summer Garden yesterday. The Summer Garden, once a favourite place of Russian tsars, has 91 statues, all of which are wrapped and protected by wooden boxes
      REUTERS  -  63 words
    • 260 18 m Moscow Soviet-era analogue technology less prone to millennium-related glitches Bloomberg THE US Agency for International Development (USAID) said it expects few disruptions in Russia caused by Year 2000 computer problems because most of the country's Soviet-era technology is not prone to date-related
      Bloomberg  -  260 words
    • 355 18 WASHINGTON Bloomberg THE Nasdaq Stock Market's plan to become a for-profit company is starting to encounter opposition from small brokerages concerned that their financial interests would be overlooked in the conversion. "If a vote were to be taken today, the plan would go
      Bloomberg  -  355 words
    • WORLD Watch
      • 74 18 Bloomberg [NEW YORK] The index of leading US economic indicators fell in September as building permits and new orders for factory goods dropped. The Conference Board's index, intended to predict economic growth over the next half year, fell 0.1 per cent in September after
        Bloomberg  -  74 words
      • 90 18 Reuters [HERZOGENAURACH, Germany] German sporting goods maker Adidas-Salomon yesterday said that third quarter net profit rose more than 20 per cent, sparking a rally in its shares even as the firm left its full-year outlook unchanged. The group said in a statement
        Reuters  -  90 words
      • 81 18 Bridge News [FRANKFURT] Germany's electrical engineering and electronics giant Siemens yesterday said its net income for the fiscal year to end-September rose 37 per cent to 3.64 billion marks (553.2 billion), up from 2.66 billion marks on the year, boosted by improved earnings from
        Bridge News  -  81 words
      • 67 18 Reuters [LONDON] The Sun's topless "Page Three Girl" may be getting on for 30 years old but the British tabloid does not seem ready to dump her just yet. The word from the newspapers's headquarters yesterday was "no change at the moment" despite overnight
        Reuters  -  67 words
    • 535 19 TOKYO NEC-controlled PC maker will also stop selling Packard Bell brand in US Bloomberg PACKARD Hell NKC Inc. the struggling personal computer maker controlled by NKC Corp, said it will fire as much as 88 per cent of its US
      Bloomberg  -  535 words
    • 371 19 NEWYORK Recent killings highlight rising violence in stock fraud world NYT WHEN two young stockbrokers were found shot to death in an affluent New Jersey suburb last week, the headlines may have conjured up an image of well-tailored suits and a carpeted blue-chip world
      NYT; FILE PHOTO  -  371 words
  • Page 17 Advertisements
    • 180 17 ATTENTION EMPLOYER! learn a lesson from us. Coffee with training can be highly ADDICTIVE! No queues, no travelling and no dozing off while you attend this training. Sit back and sip your hot coffee while cruising through our on-line training module in the comfort of your office or home. With
      180 words

  • Page 18 Advertisements
    • 127 18 International Credit Exhibition Conference II 17-19 November 1999 Wednesday Friday Raffles City Convention Centre The Westin Stamford Singapore Register for FREE Online Exhibit Pass by 14 November at http://WWW.intemationalCredit99.Com Credit Conference By International Conference Speakers from USA, Europe, Australia Singapore at http://www.internationalcredit99.com/conference.htm GULF AIR A MALAYSIA AIRLINES FIRST CLASS -$4688
      127 words

  • Page 19 Advertisements
    • 2205 19 NOTIfIES H -1- To advertise call toll-free 1800-741 1883 Fax No: 741 1298 A KALFARM FINANCE LIMITED (Incorporated in the British Virgin Islands with limited liability) (the "Issuer") PT KALBE FARMA (Incorporated in the Republic of Indonesia with limited liability) (the "Guarantor") NOTICE TO THE HOLDERS OF THE U. 5.5100,000,000
      2,205 words

  • FINANCE & commodities
    • 263 20  -  SIMTflf Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market put on a strong showing yesterday with gains seen across the board. The partial divestment of excess shareholdings in DBS Group Holdings by Brandes Investment Partners was well received by the
      263 words
    • 199 20  -  MSCI Taiwan fatnres Cecilia Woo Refco Singapore THE Simex MSCI Taiwan Stock Index futures opened lower yesterday and finished in the same stride for the third day, losing 6.3 points in the November '99 contract. The Taiex shed 141.5 points along with the
      199 words
    • 200 20 EMEROY REPORT Bloomberg [NEW YORK] Crude oil was little changed yesterday as traders await indications of how successful Opec was in limiting oil supplies last month as it sought to trim world inventories and extend an 86 per cent
      Bloomberg  -  200 words
    • 315 20 Reuters London THE dollar rebounded from six-week lows set earlier against the yen yesterday, on short-covering as the market put signs of a possible stron-ger-than-expected Japanese fiscal stimulus package into context. Analysts said the dollar had fallen as far as 103.46 yen earlier in Europe on the back
      Reuters  -  315 words
    • Article, Illustration
      1299 20 XTERBAMK CROSS RATES v Eur Ffr On HK$ Ind »s Bnpiah Yen Wow W »«m> Hm Si >md Sfr HT$ 6a»t Pond US$ 105 0 946 "JJ «JjJ "g 5 004 ZV)A8 43 399 0.668 7.674 2.447 1254 33.390 25.839 1.075 3.962 0.964 20.428 24.932 0.390 0.644 ST 0187 01
      1,299 words
    • 1921 20 SICOM FUTURBS Nov 3 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cmts/kq) Clos« Volume Optn Month HW] Low Sttt (toonts) Interest Dec 99 127.75 1200 Jan 00 131.25 100 Feb 00 133.75 100 Mar 00 135.75 100 RSS 3 CONTRACT (US cents/kg) Volume Optn Month Hjfji low Sttt (tonwts)
      1,921 words

  • STOCKS east asia
    • 2706 21 HONGKONG AFP. Reuters Q Hang Seng -78J1 HONGKONG share prices weakened 0.6 per cent yesterday in directionless trade after four sessions of gains, dealers said. "There is a lack of direction," said Kitty Chan, fund manager at Dharmala Investment. The key Hang
      AFP.; Reuters  -  2,706 words
    • Article, Illustration
      994 21 Reuters QShenzhenßlndex -0.25 SHENZHEN'S B shares ended slightly lower yesterday due to continued selling in A shares overshadowed by rapid market expansion, analysts said. The B share index fell 0.25 point, or 0.33 per cent, to 75.63 on turnover of HK$l3 million against HK$l9 million on Tuesday. The A
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  994 words
    • 381 21 AFP QVPlnlex -141.5 TAIWAN share prices fell across the board yesterday, losing 1.8 per cent on Year 2000 (Y2K) computer concerns and fears over a possible US interest rate hike, dealers said. "Selling set in on anticipation that foreign institutional investors would ease buying due to Y2K concerns," said
      AFP  -  381 words
  • Page 21 Advertisements
    • 48 21 mm th© now H Monday The Tokyo 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 fa CATjS. Buy h. Sefl h. Find h. I
      48 words

  • STOCKS klse
    • 8172 22 INDUSTRIALS Consumer products 1999 La*« Vol Day Net Cj **0* Lom Company SO OOO High U» M |ai 440 255 Ajinomoto 302 -8 I 302 302 19.2 122.' 174 46 Angkasa 91.5 1 8 92 91.5 134,< 404 220 Apollo Food Hlg 310 74 124 C 294 115 Berjaya Land
      8,172 words
    • 440 22 AFP. AFX-Asia F1 Composite Index +159 MALAYSIAN share prices closed 0.5 per cent higher yesterday on light buying by local funds, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 3.59 points to Finish at 730.62 while the Second Board
      AFP.; AFX-Asia  -  440 words
  • Page 22 Advertisements

  • SES clob & regional stocks
    • 3002 23 BOHPS A WABRAMTS 52 wi M» [inn Ln SIM t n* ®»T nt—t Cam li« Cartl Mis U t«» Wn Mn ImMiIMK Mca <%> turtitf UN 50 ,0 ,i JSS 2 3 r s 243 4, 4 «i 33 ,s 6 80 2 65 20 53 J 3048 5 J
      3,002 words
    • Article, Illustration
      792 23 AFP FISET Index +0.9 THAI shares finished marginally higher yesterday after profit-taking wiped out most earlier gains, dealers said. The Stock Exchange of Thailand Index closed up 0.9 point or 0.2 per cent at 403.31. Volume was 4.58 million lots worth 7.34 billion baht. An analyst with a local
      AFP  -  792 words
    • 285 23 AFP Q Manila +7.84 PHILIPPINE shares closed 0.4 per cent higher in post-holi-day trade yesterday as selected blue chips continued an upturn from last week, analysts said. The Philippine Stock Exchange Composite Index rose 7.84 points to close at 2,043.89 points. AFP 000) MRC Allied 0.74 -0.02 '270 Abacus
      AFP  -  285 words
    • Article, Illustration
      717 23 AFP Q Composite Index +9JB INDONESIAN share prices closed 1.5 per cent higher yesterday following the resumption of talks between the government and the International Monetary Fund on loan disbursements, dealers said. They said the release of the full PricewaterhouseCoopers audit on the Bank Bali scandal and solid ninemonth
      AFP  -  717 words
    • 275 23 AFP Q Wellington -13J8 A SAGGING Telecom Corp and Canadian shareholders' rejection of a merger bid from Fletcher Challenge Paper for their firm yesterday drove New Zealand shares down 0.6 per cent. The NZSE-40 Capital Index lost 13.18 points to 2,086.74.— AFP »«3 W5 rooot Advantage MOS -2.50 -0.02
      AFP  -  275 words
    • 598 23 AFP nAM Primaries +19.3 AUSTRALIAN share prices made moderate gains yesterday, rising 0.7 per cent after an anticipated rise in official interest rates by the central bank. The All Ordinaries Index rose 19.3 points to close at 2,926.20. The All Resources Index closed up 16 points at 1,195.90 while
      AFP  -  598 words
    • 306 23 AFP fl Composite Index -3.03 THE Korea Stock Exchange Composite Index closed down 3.03 points at 887.15. Volume was 409.7 million shares worth 4.6 trillion won. —AFP •"J mm Anom S*mi ***** -200 Brotn T«ct> 2305 15 Centra Bank 3000 -30 Crw«l Comm —***** -800 Do* Gu Bonk 4810
      AFP  -  306 words
  • Page 23 Advertisements

  • 8425 24 MAIM BOARD Transaction date: Nov 3 6r Or M Wt Vo4 Day Last Ouott Olv Div YM Nat Cap A«« StNo Company COOP) HlgH Law 8«yar Sa«af C'w P/E jmM Prtca MULTHMDUSTIY 182 17.5 m b 1000 Acma 50c 109 *1 209 110 107 108 109 10 3.3
    8,425 words
  • Page 24 Advertisements
    • 54 24 Multiply your wealth. VI II The Equity Investment Account from Citibank. W W Gives you credit to invest in shares and interest on your positive balance. Hf W What better way to multiply your money? Call 339 7126 to open an account today. Or visit our website at www.atibank.com.sg I
      54 words

  • EXEC lifestyle
    • 425 25 BOXING Both studying tapes of first fight to prepare for rematch next week Reuters [LAS Kvander Holyfield admitted on Tuesday that he had underestimated Lennox Lewis ahead of their first fight and promised that he has learned from his mistakes. "He had more skills than
      Reuters; FILE PHOTO  -  425 words
  • Page 25 Advertisements
    • 78 25 Where to wine, dine and g^gsra I 60 Dishes j DELUXE FEAST A little dose of aphrodisiac to perk up your clay. f 3 COME FACE TO FACE WITH THE FAMOUS MADAME TUSSAUD'S SINGAPORE. it,nmm Uiners Uub cardmember will enjoy a 20% discount on admission tickets. Subject to a minimum
      78 words
    • 57 25 CELEBRATE THE LAST CENTURY WITH DE GRAND Happy Hours 5. OQptu to 9.00pm Draft beer per mug: $<>.50»»-<-Draft beer per jug $24.00+ Free Titbits d You will find ic all here (>] Dine M M *rm contact Patrick Any at 740 12X4. Aim Chtto at 740 I >sl>.5 l >.
      57 words
    • 82 25 Introducing an exciting new experience in dining! PALACE CHOiCES unlimited" A La Carta (92 dishes available!) $6.80 per main dish $2.80 per tim sum dessert Semi Buffet (Select from a la carte menu!) $12.80 Lunch $16.80 Dinner Inciude FREE flow of drinks! Set Menu (Lunch in a jiffy!) $9.80 Lunch
      82 words
    • 96 25 l W\"" J I Weekday Special Lunch Menu Y v $4.50 nett per item v with FREE-CHOICE of oik coffire/tca, soft drmk or Chin Cho»» I I Katsudon (Deep Fried Pork Cutlet topped with Egg and Onion) Stir Fried Tang Hoon with Mixed Seafood (Bean Vermicelli) II Fried Rice with
      96 words
    • 25 25 floor A Festival ofWines the Cuisine rfVenetaJtah J 2-14 November 1999 Reservations: *****58/88 .HttnJkirut S Simgq/Mrr 13} Octurd Rtvad. Singapore 2)8867 1 732 2 361
      25 words
  • Page 25 Miscellaneous
    • 1044 25 CRYPTIC CROSSWORD new (4) 100 u Bold a martins may be these (8) ■HBhI JKm Mb 16 Drink, knock it back as a start--17 Result m WKm composers(s) 20 I I I I I I I I 18 Chinese society of weight and I^J__J^ 20 It's level, but sees many
      1,044 words

  • Article, Illustration
    3195 26 Property transactions for selected districts lodged between Oct 4 and Nov 1. PROJECT NAME; PROP CONTRACT TENURE BUILT-IN/ PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUHT W PRICE PSF STREET NAME TYPE DATE LAND AREA' STREET NAME TYPE OATE LAND AREA' (SOFT) (SJOOO) |S$) (SOFT) (S$000> (SS) District 09
    3,195 words
  • Page 26 Advertisements
    • 87 26 Pay FIXED INTEREST RATE from date pnlra °f release NOT date of letter of offer minim zn 1 For housing loans without hidden conditions, call lis —we have been financing homes since 1950 We provide loans and financial assistance for your Corporate and Personal Financing. 1 ilk WPR s] Car
      87 words

  • OVERSEAS PROPERTY
    • 1826 27  -  Despite current depressed prices and rental values, chanfook kheong sees opportunities for capital gains for cash-rich investors CHAN FOOK KHEONG The writer is executive director of investment sales and senior technical adviser (Indonesia) of CB Richard Ellis. THK beleaguered Jakarta property market has not shown any
      1,826 words
  • Page 27 Advertisements
    • 34 27 CBD Richard Ellis Investment By Tender or Private Treaty LOYANG LODGE INVESTMENT SALES i I 5 TEMASEK BOULEVARD #07-02 Lllt'SttTtl >11 SUNTEC TOWER 5 S PORE *****5 I TEL 221 8288 FAX 533 4339
      34 words
    • 39 27 k ''iSi i L Investment Sales 222 1333 A T 16 Raffles Quay #30-01 Hong Leong Building Singapore *****1 Fa« 221 3305 m Investment Sales 222 1333 A Raffles Quay #30-01 Hong Leong Building Singapore *****1 Fa* 221 9305
      39 words

  • PERSONAL SPACE
    • 1868 28  -  Michael Chiang's personal touches speak volumes about the soft-spoken playwright and Caldecott Publishing CEO, says oobimxe kerk CORINNE KERK Michael Chiang speaks softly. So softly that your polite "Pardon?l didn't get that?" slowly crumbles into "Sorry?" and finally, just plain "Har?". The good thing, though, is
      CHRIS LOH  -  1,868 words

  • RESIDENTIAL PROPERTY
    • 1164 29  -  Based on URA's latest statistics, amy khor sees the Western region gaining favour with homebuyers AMY KHOR The writer is research director at Knight Frank Tffti Central region where the prime residential enclaves of Singapore are located is undoubtedly the preferred choice of most investors.
      Source: URA, Kraght Frank Research  -  1,164 words
  • Page 29 Advertisements
    • 107 29 CB Richard Ellis Investment RESIDENTIAL SITE FOR SALE BY TENDER PROPERTY i DESCRIPTION Arang Court Site has wide frontage LOCATION j Serangoon Ave 3 (Braddell Heights by amenities and Estate) good schools. Large pool of demand from LAND AREA matured HDB estates TTTrrr and existing private Sq i P~Perty tenure
      107 words
    • 275 29 Rare freehold residential development site along Alexandra Road Located just a few minutes' drive from the CBD and Orchard Road Excellent accessibility very convenient Walking distance to Redhill Tiong Bahru MRT Stations Ideal for an apartment development with facilities Tenure Freehold Development Potential Approved Gross Plot Ratio 259 Land Area
      275 words
    • 307 29 FACTORY IN JURONG FOR SALE Vicinity International Road Description A single-storey detached factory with a 2-storey office annexe Tenure JTC Leasehold 30 30 years wet 16 August 1988 •Land Area Approx. 7,718.705qm (83.084 sq II) Gross Floor Area: Approx. 5,338.70 sqm (57,446 sq ft) Remarks Good main road frontage For
      307 words

  • EXECUTIVE Suite
    • 1509 30  -  With the current slew of en bloc sales, owners would be wise to set reserve prices closer to market trends, market observers tell kalpava rashxwala KALPANA RASHIWALA SOME $3 billion worth of collective sale sites have been launched in the three weeks since
      1,509 words
    • 283 30 Collective sales closed this year pwce (*PSf month size plot price* per plot potential DEVELOPMENT,LOCATION SOU) BUYER (sq ft) RATIO ($m) RATIO) UNfTS•• Devt sit*/Balmoral Cres Jun Noel Gifts/Tiong Choon 16,096 1.6 13.10 509 18 Naga Court/Bt Timah Rd Aug Keppel Land 49,168 2.1 72.12 698 70 Duchess
      283 words
    • 636 30 Collective sales launched on or after Oct 11 '99 price i •-*«!> (IPSf DEVELOPMENT LOCATION TENDER SIZE PLOT EXP PRICE* PER PLOT POTENT1A CLOSING (SOFT) RATIO (|m) RATIO) UNITS" Granville Mt Sinai Lane Nov 3 210,375 1.4 188 638 200 Devt site Duchess Ave Nov 4 57,145 1.4 47
      636 words

  • MOTORING page
    • BUMPER fo BUMPER
      • 82 31 PARTS and components maker Delphi Automotive Systems booked US$l billion (Ssl.7 billion) in new business in the Asia-Pacific region in the first nine months, senior executives said at the just-ended Tokyo Motor Show. Group Asian sales in 1998 was US$l.6 billion. The US$l billion
        82 words
      • 94 31 FORD launched a global TV ad campaign on Monday that showcased its seven product brands Ford, Lincoln, Mercury, Mazda, Jaguar, Aston Martin and Volvo together for the first time. The two-minute ad was aired by all major networks around the world. To keep
        94 words
      • 138 31 FORMULA One racing boss Bernie Ecclestone is planning to sell half of his stake in Formula One Administration, the company that controls the sport, in a deal valued at £781 million (Ss2.l billion), according to Reuters, quoting a Financial Times report. The
        138 words
      • 107 31 GOLFER Liew Choon Boon collected a brand new Lefcus IS2OO last week bounty for a hole-in-one he scored at the Golf Fengshan Tournament early this month. The 24-handicapper executed the 158 m feat with a four-iron on the fourth hole of the Dendro course at
        107 words
      • 60 31 A JAGUAR-sponsored concert took place last Friday night at the British High Commissioner's residence. The concert featured prize-winning students from London's Royal College of Music. The performance was one of just seven concerts given by the students during a five-nation tour of the Asia-Pacific region. Jaguar's
        60 words
      • 65 31 SIEMENS' Automotive Systems Group will soon offer a finger-print access system to carmakers. Using the science of biometry, Siemens' proposal is for a car to recognise each driver's identity and to adjust itself to suit his or her preferences. These may pertain to
        65 words
      • 76 31 US Electricar Inc has developed, under contract with Hyundai Motor Co, a hybrid system for its vehicles. This system was created for Hyundai's concept car displayed recently at the Seoul Auto Show. It has been successfully integrated and has demonstrated all performance requirements. The
        76 words
      • 106 31 GENERAL Motors' Opel has successfully operated a fuel cell stack in -20 deg Celsius. The sub-zero start-up tests have been repeated on the same stack as many as 25 times with no reduction in performance, according to GM. Starting a fuel cell stack at freezing temperatures has
        106 words
      • 69 31 ERICSSON Mobile Communications AB and Mannesmann VDO AG will form a "strategic alliance" to develop integrated in-car communications and information systems. The move bundles know-how in all elements of car "infotainment" the merger of satellite navigation, communications (phone), telematics (traffic information) and entertainment. More than 10
        69 words
      • 87 31 HARLEY-DAVIDSON's new bikes with Twin Cam 888 engines are now available here. The 45-degree air-cooled unit features the same 1,450 cc displacement as the Twin Cam 88. What's unique are its balancers, which cut down on engine vibration and make the new models more
        87 words
      • 48 31 AS part of its new model offensive, Opel will invest DMIBS million (*****.l million) in a new transmission production facility at its main plant in Russelsheim, Germany. The new gearbox is a state-of-the-art six-speed transmission and production is to begin in 2002.
        48 words
      • 74 31  -  Compiled by Christopher Tan THE 280-metre long Opel Millennium Express is well on its way across Europe and Scandinavia. Conceived to celebrate Opel's 100 th year, the exhibition on rail highlights the marque's history as well as technologies of tomorrow. The Opel Millennium Express is
        74 words
    • 1425 31 Motor shows are among the better venues to catch up with industry captains, especially for impromptu interviews. In the first place, they are there, within easy access, and they are not averse to beingSffipffed in ffieir trades. And they somehow never ever say "no
      FILE PHOTOS  -  1,425 words
    • 462 31 Collaborations GENERAL Motors took the cake with a slew of announcements. The American giant unveiled a Chevrolet 4x4 that will share the same platform as a Suzuki. GM has an equity stake in the Japanese small-car specialist, which sources say will produce the Chevy-badged
      462 words
    • 863 32  -  The last major motor show of the century unveils new trends in cars of the future, writes Christopher tam CHRISTOPHER TAN WE'VE seen the future of the motor car, courtesy of the 33rd Tokyo Motor Show. The century's last major car event which ended
      863 words

  • Page 32 Advertisements
    • 351 32 More reports, Pg 31 a What do you feed a growing business? j|| Do you want your growing business to bloom? Maybe take over W//KA Grow your business without planting an IT department. a bit of the other guy's turf? Then this is what to feed it: Compaq Buy a
      351 words

  • SHIPPING TIMES
    • 292 33 Bridge News, Reuters ASIA Panamax rates continued to slide with charterers fixing ships at some aggressive levels, but otherwise trading remained sluggish. Atlantic Panamax trading remained dull with few rates surfacing. Futures opened a touch weaker again with the premium on the Nov contract and an easier Pacific
      Bridge News,; Reuters  -  292 words
    • 306 33 SES '000 *»3 S$ *h VH CWT Distribution t.28 0.03 31 Chuan Hup LSI 0.01 964 Cosco Investment t13 0.02 27 Fraigfrt Links 0.31 0.01 731 08 Holdings 0.84 0.02 6 Hat Sun Hup 0.68 0.02 263 IMC Holdings-HK 5.60 unch 0 Jaya Holdings 0.95 0.02 84 Jurong
      306 words
    • 461 33  -  Joseph Tan Jude Benny emerges as Singapore's biggest shipping and admiralty practice si* exclusive Byi George Joseph [SINGAPORE] Shipping lawyers here have been reorganising and regrouping to take on more shipping and admiralty related work as the Republic heads towards being an international
      461 words
    • 732 33  -  NEWBUILDS By, David Hughes 7ET again we have seen a number of very substantia] orders announced over the past fortnight. A number of owners are taking the plunge by committing to very large crude carrier (VLCC) newbuilding orders despite the currently depressed
      732 words
    • 213 33  -  By Ann Toh [SINGAPORE] P&O Ports has clinched a US$l3B million (*****.46 million) build-oper-ate-transfer (BOT) contract for a container terminal at India's Cochin Port, after PSA Corp and Hutchison dropped out of the second round of bidding. P&O Ports has a successful track record in
      213 words
    • 338 33 Xinhua [QINGDAO) The major port city of Qingdao in east China's Shandong Province aspires to become one of the two largest international shipping centres in China in the next six years, along with Shanghai. By the year 2005, the port will have gained
      Xinhua  -  338 words
    • ROTTERDAM port
      • 1062 34 Rotterdam's car terminal fixes its space problem by expanding upwards Port of Rotterdam [ROTTERDAM] THE scarcer the space the more inventive a company becomes. The two sister companies, Rotterdam Car Terminal (RCT) and Rotterdam Car Center (RCC), demonstrate how it can be done. A few years
        Port of Rotterdam; FILE PHOTO  -  1,062 words
    • 193 34 PACE Ojak Lloyd 8 ACL 6 Oongnama 3 ANL 3 ECU Line 6 Accord 8 ECL 4 Appenship 5 Ew rM 6 Austral 8 oon on &ala|i Shpg s G Link 4 j Gemartrans 6 imk CO 1 Heunq-A 4 CMA 8 Hyundai 7 COSCO 5 Interasia
      193 words
    • 21586 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number 24/n 20/12 Evergreen SKY RIVER 0313-003W 65 392W1 To ABIDJAN (ABJ) 2003 Cote D'lvoire 24/n 20/12 KienHung sea boxer sb9ois *****0133
      21,586 words
    • SHIPS IN PORT
      • 645 45 Vassal Voy No B«rth Arrival Depart ur< Jareng Part MarcoooW 46 Prw006 JI7 03/11/2 55 04/H/600 Jan*. Mil 59 J02 03/11/7:40 03/11/19:00 AkDar Piitrj *****9 J02 03/11/6:35 03/11/23:00 8t Putra88 ***** J01 03/11/8:15 03/11/23:59 Gsh 203 58Sa J1« 03/11/740 03/TI/23:59 8t Kap«la P8 ***** J01 03/11/8 05 04/11/12:00
        645 words
      • 2013 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From MI MAGNOLIA ma 5/7DO M 02/1700 03/0*59 03/0*00 !l 02/1700 03/0659 03/0900 3 03/0700 03/1159 03/1400 4 03/1/00 03/1459 03/1700 aUHMMI MM VTS U 02/1700 03/0*59 03/0900 /I 02/1700 03/0*59
        2,013 words
      • 150 45 Nov 5 Brunei: Meraj. Nov 5 Indonesia: Ascension Day of the Prophet Muhammad SAW. Sweden: All Saints Day. Nov 7 Malaysia: Deepavali. Singapore: Deepavali. Russia: Day of Unity and Reconciliation. Nov 11 Belgium: Remembrance Day. Canada: Remembrance Day. France: Armistice Day. Nov 12 Taiwan: Birthday of Dr Sun
        150 words
      • 769 45 THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        769 words
      • 472 45 Carbon 180 Max 991.1 12 17.8 0.09 60 0.09 Oct 28 Density Water Residue Ash Aluminium Sediment No above £25 1 t 11 0 0 0 JJyE" 380 Ave 989.1 0.4 13.4 0.06 28 0.02 bra* 380 Mo 995.5 0.9 18.1 0.08 47 0.04 WW! »«/V
        472 words
    • AIR & LAND transport
      • 664 46 FAA also to blame for crippling device meant to warn air controllers when planes go too low Reuters [WASHINGTON] US safety investigators said that the crew of a Korean Air Lines (KAL) Boeing 747 was largely to blame for a
        Reuters; FILE PHOTO  -  664 words
      • 132 46 Bloomberg [SEOUL] The South Korean government banned Korean Air Lines from flying to Guam and Saipan for two years after US authorities blamed pilot error for a 1997 crash in Guam that killed 228 people. Korean Air, the nation's flag-carrier, was also banned from increasing
        Bloomberg  -  132 words
      • 528 46 It owns 2 planes bnilt at the same time as the two 8767-300ERjets that have crashed Reuters [SEATTLE] The deadly crashes of two 767-300ER planes built side-by-side on the Boeing assembly line, have not spooked British Airways. the owner of
        Reuters; FILE PHOTO  -  528 words
      • 521 46  -  From: Diana Oon Abdullah in h'ualu Lumpur EUROPEAN aircraft maker Airbus Industrie is hoping that Malaysia Airlines (MAS) will be among regional airlines to place orders for its new long-haul aircraft, the A 340-500. "We have made proposals to MAS about the aircraft,
        FILE PHOTO  -  521 words
      • 151 46 Reuters [BEIJING] China's civil aviation industry is expected to grow 8 per cent a year in the next decade, the China Daily quoted a senior official as saying yesterday. China planned to "open Mif Wtitfes, add advanced aircraft and build a group of key
        Reuters  -  151 words
      • 1844 46 CITY FLIGHT ETA FLIGHT CTD S***** 0755 OF5 2245 AMart* BA7381 1930 BA7382 2050 "«»5 835 LH6373 2355 OF81 1930 0F82 2050 LH6374 835 S026 2355 AN8229 2230 S0325 1535 LH779 2359 IH6380 2230 LH778 1655 ****** 2359 $0229 2230 H2457* 1655 S***** 2359 Amtertfan $023
        1,844 words
  • Page 33 Advertisements
    • 160 33 Rotterdam port: Things an looking l*>, page 2 Korean Air crash in Guam: Craw mainly to Mama, backpg LET-S BUILD PARTNERSHIP ffl IA -jiii|pr mm W i '«pp^ Thanks to a well-considered of and effort, and therefore money. For anyt expansion and diversification, ABX LOGISTICS thing that needs to travel
      160 words

  • Page 34 Advertisements
    • 203 34 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 Real-Time Shipping Information Y (global home page) www.nykline.com (for USA rates) www.na.nykline.com i l 2-I.nihiiiit frfttrf" %Vt^!-, JMT fiTElif""® SENLIM AGENCIES PTE. LTD. 133,
      203 words
    • 668 34 Ltnes swvices represented b y Members of the Registry ot Members o« the jW/ Accredited Shipping Agents, Singapore Freight Forwarders Sfrore National Shipping Assoc Association |J ULY UNE MALE Ivissu TvoTTiu Tra eta f. KUHG STORE MALI Empress Lily V 0699 10/11 13/11 22/11 Princess Lily V 1099 25/11 27/11
      668 words

  • Page 35 Advertisements
    • 1096 35 SAX SERVICE (DIRECT) vgsa VOY SWtU LAX QAK DAI HOU Ot CO. WHO AR NY( VIMDt 015t 27/10 11/11 16/n 16/1) 16/11 16/1) 16/11 16/11 17/11 17/11 mGW>gT Oia 03/11 U/ll 23/11 23/11 23/11 23/11 23/11 M/ll 24/11 25/11 01« 25/11 30/11 02/12 02/12 02/12 02/12 02/12 02/12 03/12 03/12
      1,096 words
    • 1803 35 ©HANJIN SHIPPING !§yF| ilhWfiU. -Wr *****30 HA JW> Swww6 (*> HI lIP top bq« toffi >*****16 *****3S 737 SAIfS 73M84 73$ OOCUMBtT *****71 7?4 OfHAIWtt *****50 751 MAIN UN( *****55 HI *****40 QUO **********0 M TO NW USA CANADA USA CANADA' I""I UNfH U/V Y I«*| TIW 1 ÜBI ITO
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    • 92 35 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONO KONO FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgate@mbox2.singnetcom.sg n>n.y Calcutta |f r Chlttagong j PORT LOUIS 106/11 I Karachi COLOMBO 05/11 I D«« U m wY. ill |9k KARACHI/LAHORE 07/11 Bombay
      92 words

  • Page 36 Advertisements
    • 1582 36 MR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA «SS£l VOY MN LEH BM MB MM W FU VESSEL VOT "sw*" Gff S« FOS W.C MTF HAMJIN KEELUNG 007) W 2JIO 2011 2111 1811 1111 Mll IOK SIM* 0935W 0411 Mll 2311 2511 7711 "SI PUOONG St NATO* 0011* 0111 1011 1011 20
      1,582 words
    • 910 36 m, am MAC-NELs S'PfIRE M'&IA riT/r?J Carrier: MN CONTR LINES, INC p.guoang:(ot>3BB3726 I ~JVy J 1»057S0000C SIBU: (084) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P- KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 I HO CHI MINH 1 BANGKOK i MV "CONSISTSNCE"V.9969
      910 words
    • 613 36 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO vmal S PORE N SHfVA COLOMBO P KLANG TARPON SILVER V IMW M NOV It NOV 23 NOV 21 NOV CAPE CANAVERAL VII4W 15 NOV a NOV 3* NOV K DEC TULSIOAS Vll7 n NOV M NOV 17 OCC II DEC TARPON SILVER V.117W 29
      613 words

  • Page 37 Advertisements
    • 1698 37 VESSEL VOV KHH HKG SIN PKG PQB PXB DMM IBA BIK IRAN TEYFOURI PCL-5126 27/10 29/10 02/11 03/11 12/11 13/11 14/11 18/11 18/11 IRAN SHAHRYAR PCL-5127 03/11 05/11 09/11 10/11 19/11 20/11 21/11 22/11 24/11 IRAN BAABAEI PCL-5128 10/11 12/11 16/11 17/11 26/11 27/11 28/11 30/11 02/12 IRAN TAKHTI PCL-5129
      1,698 words
    • 1063 37 Dir«t Calls to Kobo (6 Days),! Nagoya (7 Days) Tokyo (8 Bays) j I SINGAPORE'S GENERAL AGENTS: 80 ROIINSON RD TEL 226 1900 FAX: *****04 OUTWARD (l/L) I COSTAR SHIPPING PTE LTD #12-00 SALES/IKGS *****57/60 INWARD DEFT (D/OJ 4205/8S COSTAR AGENCIES (M) SDN BHD 42 /5S T T *****2S 02"-35
      1,063 words
    • 1251 37 EUROPE EXPRESS SERVICE EXPORT ~T IMPORT YISS£L YOT SI j1« BTN j AMB HAM BHV FU "vqr rfi HAM RJ iru sa fUSANSEN 01 i W 09, 11 76/11 21/11 29/11 30 II 01/12 02/12 aa« 012*TjS/i0 17/10 "HWO 24/10 n/rr HJPOBTUND 035W 16. 11 ,03. 12 05. 12 .00.
      1,251 words

  • Page 38 Advertisements
    • 1381 38 EUROPE/UK/SCAWDINAVIA/FINLAWD/RUSSIA SGP ROM ANW HBG THP ZEE LHW I LHV THP ROM ANW HBG PKL SGP E DELIGHT RW-010 07/11 25/11 01/12 27/11 29/11 30/11 01/12 lE. RACER RE-021 07/11 16/10 15/10 17/10 10/10 07/11 00/11 E DIADEM RW-008 14/11 02/12 00/12 04/12 06/12 07/12 00/12 I E RESULT RE-027
      1,381 words
    • 1504 38 ißßßmaa —I 50 TELOK BLANGAH ROAD *02-02 CfTIPORT CENTRE S PORE *****8 H TEL: *****11 (6 lines) FAX: *****05 J TLX: RS ***** CR NO. **********0W H VESSEL VOY ETA ETD DESTINATION M MAfiUKWA 11/11/99 12/11« MUNI OK 1 IMAMUI 1499 11/11/99 12/11W MALAYSIA PORT PONTIANAK J WABUKWA 4099 1M1»
      1,504 words

  • Page 39 Advertisements
    • 440 39 BSfl x mm MYANMA ISHBI FIVE STAR LINE (Myonmar National Line) loading for Yangon (Rangoon) VESSEL VOY SIN Ml KM PGU KENG TUNG 4W SU) MONGU 28W 12/11 MALAYSIA AGENTS: tOUSTEAD SHIPPING AGENCIES KUL HL (03)*****00 PKL TEL (03) *****01 PEN: TH (04) *****02 PGU: HI (07) *****21/4 BANK LINE
      440 words
    • 1272 39 HYUNDAI MERCHANT MARINE CO., LTD. Ivbse voy I sw I sou uh rtm un ham mv kl Ivtssa voY|sou|tßi|BTM|AMT|nAM|Bßv| LA LOW 530W 29/10 19/11 20/11 14/11 14/11 HYOUKE 320E 04/10 13/10 09/10 12/10 30/10 HYGENERAL 321W 01/11 17/11 11/11 20/11 23/11 MONTIROSA S3OE 15/10 14/10 10/10 12/10 02/11 BBE SS4W
      1,272 words
    • 1276 39 WALIENIUS WIIHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" VESSEL VOY RAMP HEIGHT SIN LAX CRL MIA SAV »AL ORf NYC NEW lo> TAMPERE AHO9 400 Tons 6.3 M 11/11 09/12 11/12 21/12 WIF 277iT~ ISTTF OT/OT O*7OT~ TEXAS AH 10 400 Tow 6.3 M 26/11 25/12 03/01
      1,276 words

  • Page 40 Advertisements
    • 765 40 BANGKOK/ MAP TA PHUT/ LAEM CHABAMOj JAKARTA/PAN J A NO VESSEL VOY SIN BKK MTP LCH VESSEL VOV SIN JKT PJN YANTRA BHUM* A 315W In Pt 07/11 BANI BHUM 131 SB OS/11 07/11 MATHU BHUM 439N 06/11 10/11 09/11 BUNGA MAS TIGA *****S 06/11 10/11 XETHA BHUM" 308W 07/11
      765 words
    • 332 40 IIMMHUMI INDONESIA NATIONAL LINE TO AUSTRALIA WJLL COWIAEgR SERVICE wrnrfm m trwoF lie I u/ii ivii m/ii »/n i^u wn |w| n/n 0/11 n/it v/vt n/n ma—l jail »/ii «t/n u/u iy» 17/1? waw »//»it/1111/11 h/it FEEDER SERVICE TO INDONESIA w vm nuam inmk n» re-n» m-n» mwm BIVTANG MAS
      332 words
    • 699 40 Baitrwi— (VESSELS I VOY IS» I PKL jeq MLA LP! RTM HAAi 7TT SOT V*i-E DE TAURUS A34W 06/11 06/11 14/11 19/11 24/11 2S/11 27/11 2*ll 30/11 H V9-LE D*AQUARIUS U34W 08/11 10/11 19/11 23/11 28/11 30/11 01/12 00/12 04/12 1_ V*LE OE AWTARES L34N 16/11 17/11 25/11 3tVll 06/12
      699 words

  • Page 41 Advertisements
    • 62 41 I fa I NEW BREAKBULK SERVICE I QMO TAW lIVI Hwnd-ttw «OfW Contwnf S«rwc< For Complete HVHHHHfHM Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on 5 FR. MEYER'S SOHN SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container p ro ject Crosstrade Turn To
      62 words


  • Page 43 Advertisements
    • 51 43 Vaul StJI Dial 740-6000 on demand (Retrieve more schedules!) Press "1" V;. Select the port and key in STBbl the four digit code eg: To New York (NYC) 2275 Key in your fax number I your phone number Another innovative service offered by The dOCUment Will be Skipping Times s
      51 words


  • Page 45 Advertisements
    • 29 45 Cairo or Congo. Sailing schedules to The African Continent. 24 Hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by THKBI sixkssTlMLN SHIPI'IMiTI.VIKS
      29 words