The Business Times, 18 November 1999

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Microfilm: NL21667
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (RkdSSSttj 85C SINGAPORE Internet: http://'business-times.asial com.sg/ THURSDAY, NOVEMBER 18, 1999
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  • Article
    Lock icon MARKET SUMMARY
    50 1 □sn mat (-10.OO) nn-m mm 843J4 (-7.05) risusciFDniß Um»(-1.00) 8N0i KiUET DDM8B Wednesday Change SETWDEf 4NlM -1*11 JAKARTA COMP ***** -015 XAMU COUP —1549.74 -8.07 TAIPEI WPI 7.145.78 +&M SEOUL 003IP ***** -40.08 CLSA CHINA B 8tin +4J7 Al'ST ALLORD __S.«K.O0 +41.50 Hub EST Ctage DOW ltM447 +i!4
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  • Article
    Lock icon FINANCE
    72 1 ran rates USS SI tss 1.673 £(ISS/S8per£) U17 1706 um 1.72c D* UK OJ0 YEN mi IW RM 3.800 0.440 HK8_ 7.773 0il6 BAHT 38.90 04M3 RITIA0 CJK 0.034* •atmMmm ram urns SINGAPORE* 588 kuala Lumpur 7J6 JALUHA 40.ee RANQK0K 10.00 n oo HONOKDNG 816 TAIPEI lgj7 SYDNEY 7
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  • Article
    Lock icon Akbar Khan sweetens Clob offer: sources
    856 1  -  He is said to be catting moratorium period from 5 years to just over 2 years From, Eddie Toh in Kuala Lumpur SINGAPORE businessman Akbar Khan's Effective Capital has sweetened its offer for the frozen shares previously traded on Singapore's over-the-counter market Clob International,
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  • Article
    Lock icon SIAS statement
    249 1  -  David Gerald Jeyasegaram President Securities Investors Association (Singapore) SIAS welcomes a speedy settlement of the issue and hopes the source of information (in recent reports) is reliable. However, Clob investors must await an official statement either from KLSE or from the Malaysian prime minister on the current official
    249 words
  • Article
    Lock icon S'pore economists divided over next year's outlook
    613 1  -  Bnt consensus that this year's growth likely to top 5% By. Audrey Tan [SINGAPORE] Economists are agreed that this year's economic growth will likely exceed 5 per cent but disagreed on whether it would be better next year. A BT poll of seven
    613 words
  • Article, Illustration
    Lock icon CityDev, HK tycoon tussle for major en bloc site
    499 1  -  p:il exclusive Smi-cm iay CHyDev is leading with tap bid of $250 m for Kim Lin Mansion By] Kalpana Rashiwala, Carol Eng [SINGAPORE] City Developments and a company linked to Hongkong tycoon Li Kashing have emerged as the two top bidders
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      68 1 prams Top stories Sim© S'pore likely to secure Peugeot agency. Pg 4 Mediaßing IPO retail portion 41 times subscribed. Pg 8 Hot stock: Creative Tech Wts highest level in 10 months. Cigarette distributor sues S'pore Tobacco for $10m. Pg 10 m.£M •BHHB ■j The CEO speaks: watchmaker Franck Muller. Pg
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      63 1 EXECUTIVE SU I T E I Weddincj cake I houses don't I jj. appeal to me.« i VVh.it will the next Concept Plan, ready in 2001, have in store lor you? Where to read Q3 economic survey The government's third-quarter survey of the Singapore economy is available at the online
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      22 1 J New Beta Titanium Collections^ oi" jrt jlSp' -<:ft -^i^fei'-Sik•--*u M«|^W <&&£>■:^f®|*:4fe; Model: 808J 48%Wjf^Sfc'* Available at all leading optic^^H^^t'-5 r '^H
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      4 1 More report*, Pg 10
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Asia's wheel of fortune
        156 2 THE current issue of Asiaweek magazine lists Asia's 1,000 largest non-bank companies in terms of annual US dollar sales but also profiles them in a variety of other financially useful ways. In terms of sheer size of sales, three of Singapore's five largest corporations are oil
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      • Article
        Lock icon Japan shines
        89 2 BUT the same Asiaweek report is also a reminder of the sheer size of companies from Japan, the world's second largest economy. In terms of sales and assets, for example, Japanese non-bank companies dominate, accounting for practically three-quarters of the largest 1,000 companies' totals of U554.76 trillion (SsB
        89 words
      • Article
        Lock icon You can travel, but you can't hide
        114 2 MOBILE phones are at once a blessing and a bane for business executives on the move. With roaming capability, local businessmen can be contacted 24 hours seven days a week almost anywhere in the world, for better or for worse. E-mail looks set
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      • Article
        Lock icon Pause for the millennium
        105 2 LOOKS like the Japanese will need to plan their bank transactions with greater care than usual come the millennium's end. According to the Asian Banking Journal, Japanese banks are closing their automated teller machines (ATMs) from Dec 31 to Jan 4 while over-the-counter services will cease
        105 words
    • Article, Illustration
      Lock icon Dow rallies but bonds hold back
      1018 2  -  Stock market celebrates Fed's moves, but the bond market is pessimistic From* Andrew Marks in New York THE immediate reaction to the news that the Federal Open Market Committee raised the Federal funds rate for the third time this year in effect taking back
      AFP  -  1,018 words
    • Article
      Lock icon FOMC statement on interest rates
      272 2 [WASHINGTON] The Federal Reserve issued the following statement after a meeting on Tuesday by the Federal Open Market Committee to decide the ftiture course of US monetary policy: "The Fedetal Open Market Committer (FOMC) today voted to raise its target fcr the •federal fends rate
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      79 2 fctY To >. CQRUM Ifflk v jppwpppi^l^ lr Ww <M m TABOCAN On your wrist or bureau. A contemporary watch forever with you. Steel or 18 carat gold. Automatic mechanical or quartz movement. Registered model. Manufactured in Switzerland In exclusivity at LUCKY PLAZA MILLENIA WALK #01-32 Tel: 734 3668 Fax:
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      35 2 FOODRHt I THOUGHT i r'~- t —k A I I I I I I Tuck Into The Straits Times Classified B to satisfy your craving for good food. Buy it Sal IL Rnd k. II
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      128 3 Personal relationship: To make your dreams come true, you need an enduring partner who shares your goals and perspectives. Generations of clients have entrusted the active management ol their assets to our personal advisers. Indeed, for over 125 years we have been committed to adding value to our partnerships. Take
      128 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Sime S'pore likely to secure Peugeot agency
      357 4  -  Uii exclusive Group sees motor sector as growth area, wants more brands to represent Reports by Christopher Tan SIME Singapore, part of the diversified Sime Darby conglomerate, is likely to secure the Peugeot distributorship for Singapore. BT understands that Sime had made a
      357 words
    • Article
      Lock icon Comfort gives up Peugeot, Piaggio distributorships
      365 4 Hove was expected; company had losses from Day One COMFORT Group is giving up its Peugeot car and Piaggio scooter distributorships after failing to stem losses from Day One. In an anticipated announcement, the transport operator said yesterday it would cease to represent the
      365 words
    • Article
      Lock icon The Asian version of the Star Wars trilogy
      701 4  -  jimHlocksiew quak hiang whai MANY analysts who had valued Wharf Holdings' cable and planned broadband Internet services at outrageous premiums are going back to the drawing board. In one of the most astonishing turnarounds, Wharf, which is spinning off the unit known
      701 words
    • Article
      Lock icon MediaRing IPO retail portion 41 times subscribed
      350 5  -  135 m shares also folly placed ont to institutional investors By Toh Han Shih THE iniUal public offer of shares by Mediaßing.com has been subscribed by retail investors by roughly 41 times, MediaRing.com president Chua Kee Lock told BT yesterday. Mediaßing com is
      350 words
    • Article, Illustration
      Lock icon Allgreen to launch freehold landed project
      320 5  -  Terrace houses likely to be priced from about $L37m By, Andrea Tan ALLGREEN Properties, the second largest listed property developer, will launch tomorrow the first phase of its freehold landed residential project in Bukit Batok, Pavilion Park. The Kuok Group subsidiary is putting up
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    • Article
      Lock icon Goh Keng Swee steps down from Hong Leong Asia posts
      181 5 HONG Leong Asia's deputy chairman. Goh Keng Swee, wUI step down from his post and as director of the company from today. The former deputy prime minister has also asked that he cease to be consultant to Hong Leong Asia's
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    • Article
      Lock icon Brierley exec option plan
      140 5 Reuters [WELLINGTON] Brierley Investments Limited said yesterday that it planned to issue 54.5 million options over ordinary shares as executive options, and set the possible future issue of five million ordinary shares to chief executive Greg Terry. The shares for Mr Terry would be issued on
      Reuters  -  140 words
    • Article, Illustration
      Lock icon Reuters sets up risk management unit
      484 7  -  S'pore centre plans to extend related products even to retail investors Wong Wei Kong NEWS and financial information provider Reuters yesterday announced the setting up of a risk management support and consultancy centre in Singapore and plans to extend risk management products beyond the
      CHRIS LOH  -  484 words
    • COMPANY Briefs
      • Article
        Lock icon UIC's deemed interest in SingLand up
        53 7 UNITED Industrial Corp yesterday said its deemed interest in subsidiary Singapore Land Ltd, held through wholly-owned subsidiaries UIC Investment, UIC Enterprise and UIC Development, had been boosted to 58.1 per cent, or 201.2 million shares. This follows UIC Development's acquisition of 2.3 million Singland
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      • Article
        Lock icon Bonvests boosts stake in subsidiary
        83 7 BONVESTS Holdings has increased its shareholding in wholly-owned subsidiary Kim Boen Investments Pte Ltd by subscribing for an additional 2.1 million ordinary shares at $1 each, thus raising Kim Boen's issued and paid-up capital to $2.1 million. The company said that the transaction is not
        83 words
      • Article
        Lock icon Centrepoint sets up 2 new units
        38 7 CENTREPOINT Properties yesterday said it had incorporated two wholly-owned subsidiaries, CPL Homes Pte Ltd and CPL Realty Pte Ltd, each with an authorised capital of $100,000 and a paid-up capital of $2.
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      • Article
        Lock icon Corrections and clarifications
        60 7 THE public offer shares of the initial public offering of China Toll Bridges and Roads are priced in Singapore cents and not US cents as incorrectly reported in BT yesterday. The public offer shares are priced at 23.1 Singapore cents each, while the placement shares are priced
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    • Article
      Lock icon Sinar Mas sells 4.7% stake in AFP
      170 7 Reuters INDONESIAN-LINKED Asia Food Properties Ltd (AFP) said yesterday its parent, the Sinar Mas group, had sold 136 million shares on Monday and Tuesday, or a 4.7 per cent stake in the food firm. It said in a statement that Flambo International Ltd
      Reuters  -  170 words
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      58 5 Jis 3 r 1$ 9 CD i o BVLGARI A new classic for women kt gold and with pavi diamonds Alio available in white gold Available Smgapore Bvlgari. HH.on Ho,el 737 1652 Takashimay. Dep. M men, S.ore 735 6689 and Die k son Wa.ch 4 Jewellery. The Promenade 732 8900
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      379 6 ilBtta Volunw As* Food&Prop US$ 56.803,000 AataOskorHKISc *****.000 CMT«tocomHK75c 28,006,000 PCI 25c.... 18.868.000 GoldanAgriUSIOc.. 18,834.000 MartorMtdtai 15,848.000 *Q«KlnoW 15,251,000 "TanChongintSOc 14.866,000 L4M50C 13.318.000 VandwHorat 10,179,000 OCBC 80.061,170 DeSCbp 40,529,161 Ntf BaclOc 46,666,406 StA 41,183*17 UOB 36,136*31 Asta Focd&Prop US$. 32,152.120 T«nChongW60c 29,740,936 SPH 29,646*77 OUB 19*64,420 PCI26c 18*18*86 Stocks Onto
      379 words
    • Article, Illustration
      Lock icon Pullback in share prices after 2 weeks of steady rises
      558 6  -  i|comment STOCKS ven sreenivasan SHARES succumbed to profit-taking after starting the day with a bang following an overnight surge on Wall Street. But brokers said the pullback was normal after two weeks of steady rises and noted that the selling
      558 words
    • Article, Illustration
      Lock icon CM Telecom wrt looks good despite short expiry period
      195 6  -  WARRANT WATCH By' Ven Sreenivasan CHINA-LINKED issues continued to remain in play yesterday. The US dollarquoted CM Telecom was the third most active counter on the local bourse yesterday as it ran up another two US cents to 58.5 US cents
      195 words
    • Article, Illustration
      Lock icon Creative Tech at overbought levels
      238 6  -  HOT STOCK By' Wong Wei Kong CREATIVE Technology shares stood out yesterday, leaping to its highest level in 10 months with a surge of $2.10 to $27.10 on 470,850 shares traded. Yesterday's volume was almost double the 10-day traded average of 292,020 shares. The counter
      238 words
    • Article
      Lock icon Diary of events
      129 6 Tknraday, Nor 18 ♦earn. Ministry of Trade and Industry nesweoufcqncs on ThirdQuarter Bconomic Surrey data •win Singapore society of rmaiv dal Analysts' workshop on Global Investment Performance Standards ♦10am. Productivity and Standards Board news briefing on National Training Awards. ♦10am. I-Het and DB8 Land nesrs "QBfcwntf ♦10am.
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    • Article, Illustration
      Lock icon US$ up sharply on Fed news, but fails to sustain gains
      527 6  -  -Ucomment CURRENCIES Fed seen a* acting to hold interest rates unchanged for at least the next quarter larry wee ASIAN trading yesterday first saw the US dollar rising across the board in what seemed like an unequivocal thumbs-up to
      527 words
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      929 6 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 I ga LION ASIAPAC LIMITED Tim (Incorporated in the Republic of Singapore) Notice of Twenty-Ninth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Twenty-ninth Annual General Meeting of the Company will be held at The Conference Room at
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      357 6 ■iMwrmop THi COMMUNIS ACT, CAP. 90 AND M TMi MATTM OP ox mm* cot Pill* in' m—T U«hM— At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Finlayson Green 109-08, Asia Insurance Btridng, Singapore *****7 on the 17 day of November 1999, the Mowing
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      6 6 investment advice 7 323-3955 831 WSBANK
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      319 7 Lange's distinguished past Lange's distinguished present. fThe cross of the Legion of Honour. x- At the 1900 World Exhibition in Pans, T "A. Lange Sohne" showcased 1 l ß>Qt e 1997 mCermany pocket walches which astonished even For the second time m three the most accomplished horologists. In /Jpf 881
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      63 8 I I wrnmtmmmmmmmmmmm •■hmhmi H «aa| -n yn: Before you can have e-anythiflg you need an from 3Com. \'j* x > :f: ——1 Before you can even contemplate the simplest tasks in e-business, you need a strong network behind you. 3Com e-Networks. Can we build one for you? WWW.3COm.COm/enetWorks Mote
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Who will survive a Net crash ?
      722 9  - Who will survive a Net crash comment TECHNOLOGY The number of Net companies has exploded, but only those with passion and direction wlU be left when the market crashes kenneth james THERE really is an Internet bubble, and it's about to burst. That's the strongly-held opinion of Anthony B Perkins,
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    • Article
      Lock icon Stanchart sees 7% GDP growth for S'pore in Q3
      365 9  -  Bank cites firmer manufacturing sector; also expects stronger S$ By. Jeanette Pang STANDARD Chartered Bank projects Singapore's thirdquarter gross domestic product growth at 7 per cent, up from the second quarter's 6.7 per cent "Our optimism stems from the stronger manufacturing
      365 words
    • Article
      Lock icon Cigarette distributor sues S'pore Tobacco for $10m
      418 10  -  I=l exclusive Ban Teck Seng unhappy over principal's contract termination terms Conrad Raj CIGARETTE distributor Ban Teck Seng is suing its former principal of 75 years, Singapore Tobacco Company, for $10 million after its contract to distribute the latter's products was terminated. STC,
      418 words
    • Article
      Lock icon Venus Mansion owners give go-ahead
      301 10  -  CQLLennuFCFira $131 m expected for now; tender date not fixed yet By. Marissa Chew ABOUT 85 per cent of the owners (by share values) at Venus Mansion have consented to the sale of their building, jumping on a bandwagon crowded with other nearby apartment blocks.
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    • Article, Illustration
      Lock icon AirView Tower's collective sale could fetch $133m
      396 10  -  By\ Kalpana Rashiwala AIRVIEW Towers along River Valley Road has been put up for collective sale and the property could fetch about $133 million based on recent transactions in the area. This works out to $755 per sq ft (psf) of potential built-up
      ARTHUR LEE  -  396 words
    • Article
      Lock icon Learning should be 'fun and interesting' like Pokemon; and lifelong: BG Yeo
      318 10 CITING the wildly successful Pokemon as an example, Minister for Trade and Industry George Yeo, yesterday urged learning to be conducted in a "fun and interesting" manner. "If learning can be made as fun as Pokemon for young
      318 words
    • Article
      Lock icon SCI clarifies statement on CPF
      124 10  -  IgAW-Mli Charlie Chan Director Cross Industry Division Singapore Confederation of Industries PLEASE refer to the report in BT yesterday on the Singapore Confederation of Industries' press release on the subject of CPF restoration. We would like to clarify that SCI has called for a CPF
      124 words
    • Article
      Lock icon Astra founder denies buying firm's shares from Ibra
      196 10  -  William Soeryadjaya Jakarta Indonesia I REFER to previous reports suggesting that I am involved with the purchase of PT Astra International shares from BPPN (Indonesian Bank Restructuring Agency or Ibra). I would like to clarify the reports by confirming that I am
      196 words
    • Article
      Lock icon Western Digital to close Chai Chee plant by end-Jan
      340 11  -  All disk drive manufacturing ops will be in M'sia; 950 jobs will be lost By, Jennifer Lien WESTERN Digital (WD) Corp has finally made its move to close down its Singapore plant, moving all disk drive manufacturing to Malaysia and shedding
      340 words
    • Article
      Lock icon Citibank launches online credit card, other Net services
      296 11  -  By 1 Toh Han Shih CITIBANK yesterday launched several Internet initiatives in Singapore, including an online credit card service and Internet bill payment for over 60 organisations. Citibank's online credit card service allows credit card holders to check their credit line and
      296 words
    • Article, Illustration
      Lock icon Prime rates not likely to rise
      276 11  -  on the economy interest rates By. Audrey Tan PRIME lending rates are not likely to rise in Singapore despite the recent rise in domestic interbank rates, according to ABN Amro Bank. The bank says there is no policy reason to expect higher interest rates
      Source: ABM Amro  -  276 words
    • Article, Illustration
      Lock icon Looking for a franchise? Just click on this site
      295 11 THE world of franchising is now just a click away. The Singapore Productivity and Standards Board (PSB), Sing Tel Yellow Pages and Singapore International Franchise Association (SIFA) have developed a franchise Web site. Franchise Search, in a move to boost franchising
      SIEW YAW HOONG  -  295 words
    • Article
      Lock icon Finance industry unions to launch skills re-training programme
      293 11 UNIONS in the finance industry are considering launching a skills redevelopment programme to identify and equip workers with the changing skills needed in that industry. National Trades Union Congress (NTUC) officials said the unions, which have grouped themselves under an industry cluster,
      293 words
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      10 9 QIL Ml W I pLianheZaohan **wm sas IPOtt£_ %attSJBEL —«HH»
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      175 9 Often, it's net the destination but the journey thot matters most. In the new Bora, you have a car that comes with a head-turning design. Built to excite your senses with exacting details in comfort, performance and equipment level. A car that gives you an unwavering sense of confidence, even
      175 words
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      274 10 ATTENTION EMPLOYER! learn a lesson frem 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
      274 words
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      2 10 E-mail: btletter@sph.com.jsg
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      459 11 II r> I v 1 i n i AI iL i i: \\i u \i r» i i 91 DATE FR,DAY < 31 DECEMBER 1949 TIME :6PM TO *AM (Cocktails from 6pm 7 pm VENUE SINGAPORE INTERNATIONAL CONVENTION EXHIBITION CENTRE I EVEL 2 BALLROOM Nobody can throw parties quite like
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Is it fair to protect rivals from Microsoft?
      760 12  -  bottom line OPINION robert samuelson The Washington Post Writers Group COMPANIES compete to defeat their rivals. The social harm arises only if consumers suffer from excess economic power. Despite months of bad trial publicity and Judge Hiomas Jackson's scathing decision, most Americans
      The Washington Post Writers Group  -  760 words
    • Article
      Lock icon IN OTHER WORDS
      113 12 'We sometimes forget how lucky we are to have free speech and what an important part it plays in our modern day Ufe -Jack Straw British home secretary, launching an initiative to set up copies of Speakers' Corner, London's famed bastion of free speech, across the country.
      113 words
    • Article
      Lock icon Best man for the IMF job
      600 12 EDITORIAL SINCE Michel Camdessus, who led the International Monetary Fund for 13 years, indicated last week that he would resign early as IMF managing director, there has been intense jockeying to be his successor. The top IMF post seems to have been reserved for
      600 words
    • Article, Illustration
      Lock icon Labour tax reforms leave Tories in a tizzy
      975 12  -  Changes will make Britain an attractive investment haven By] Neil Behrmann The writer is BT's London correspondent NEW Labour is outmanoeuvring the Tories on all fronts and is on course for a historic victory in the next election. Labour can call an
      FILE PHOTO  -  975 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1004 12 Genetic nightmare WHEN Aldous Huxley projected over half a century ago in his Brave New World a future in which the human race could be conditioned to accept with ecstatic happiness a genetically crafted caste system in a descending scale from alphas to epsilons, it was
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  • MALAYSIA news
    • MARKET moves
      • Article
        Lock icon Mesiniaga makes an impressive debut
        154 13 MAINBOARD new listing Mesiniaga dominated trading on the Kuala Lumpur Stock Exchange yesterday, closing up by more than 50 per cent, or 96 sen, to 2.86 Malaysian ringgit on the day's second largest volume traded of 6.6 million shares. The stock hit its day's high
        154 words
      • Article
        Lock icon MSCI reshuffle leads to hectic trade
        186 13 THE Morgan Stanley Capital International's (MSCI) recent addition and removal of stocks from its MSCI Standard Index resulted in a frenzy of activity yesterday for the counters affected. New additions to the list among them FACB Resorts, IJM Corporation and Unisem rose in active
        186 words
      • Article
        Lock icon Unisem resumes climb
        60 13  -  Compiled by Diana Oon Abdullah THE inclusion of semiconductor maker Unisem in the MSCI Standard Index helped the counter to register a 70 sen gain to RM18.40 yesterday, after it took a breather from its upward climb in Tuesday's session. The counter saw some 776,000 shares traded
        60 words
    • Article
      Lock icon OSK to make general offer for TCL shares
      187 13 KUALA LUMPUR Reuters MALAYSIAN stockbroking firm OSK Holdings Bhd yesterday said it has signed an agreement to buy a 31.4 per cent stake in TCL Premier Holdings Bhd for nearly 110 million Malaysian ringgit (5548.4 million). OSK said in a statement it
      Reuters  -  187 words
    • Article
      Lock icon Tan Chong posts RM46m pre-tax profit in 3rd quarter
      294 13 KUALA LUMPUR Bernama TAN Chong Motor Holdings reported a pre-tax profit of 45.97 million Malaysian ringgits (5120.2 million) for the quarter ended Sept 30 on a turnover of RM459.99 million. Earnings per share stood at 7.2 sen while net tangible asset
      Bernama  -  294 words
    • Article, Illustration
      Lock icon Mesdaq chairman sees advent of pure Net plays in Malaysia
      664 13  -  i'ii interview ISPs J&ring, TMNet, software firm Biztone, Internet service operator Hitechniaga seen as potential listings From Ruth Wong in Kuala Lumpur MENTION Amazon.com or Yahoo.com and one can easily elicit a knowing nod from any Internet user around the
      664 words
    • Article
      Lock icon M'sian tech counters set to rise further
      444 13 KUALA LUMPUR Broking houses upgrade earnings as semiconductor demand jumps Reuters SHARES of some of Malaysia's major technology firms, buoyed by a global electronics boom, hit record highs this week and analysts said more gains could be on the cards on the back
      Reuters  -  444 words
    • Article
      Lock icon KL returns to Dow Jones indices from next week
      140 13 KUALA LUMPUR Bernama MALAYSIA will be reinstated into several Dow Jones Global indices from Monday, Nov 22, it was announced yesterday. A Dow Jones statement said it felt that Malaysia was committed towards a further relaxation of its capital control regime.
      Bernama  -  140 words
    • MALAYSIA Briefs
      • Article
        Lock icon No deal to buy broker: Hwang-DBS
        73 14 Reuters [KUALA LUMPUR) Stockbroker Hwang-DBS (Malaysia) Bhd said the company had not entered in to a pact with timber-based Pan Pacific Asia Bhd to buy ita broking unit Peninsula Securities Sdnßhd. Replying to a query from the Kuala Lumpur Stock Exchange, Hwang said it
        Reuters  -  73 words
      • Article
        Lock icon Road Builder to see 25% profit growth
        40 14 Reuters [KUALA LUMPUR) Construction group Road Builder (M) Holdings Bhd expects pre-tax profits to rite by 2S per cent in its current financial year compared to last year, Beraama news agency said yesterdayßeuters
        Reuters  -  40 words
      • Article
        Lock icon Lawsuit casts doubt on poling date
        80 14 Bridge News [KUALA LUMPUR] University lecturer Jomo Kwame Sundaram has filed a suit in the High Court against the Elections Commission (ECX saying that polllngcould not be lawfully held without the inclusion of the 68<M)00 new voters who registered earlier this year. If he
        Bridge News  -  80 words
      • Article
        Lock icon MCA's Lim wants to quit politics
        39 14 Bernama [KUALA LUMPUR) MCA deputy president Datnk Lim Ah Lek wants to be exctaded from the party's list of candidates for the Nov 29 general election, saying he intends to retire from politics.—Bernama
        Bernama  -  39 words
    • Article
      Lock icon Merger likely to be finalised by March, says Kontena
      440 14 KUALA LUMPUR SC has given go-ahead for tie-ap with twe port operating companies KONTENA Nasional Sdn Bhd, the country's leading haulage company, expects its merger plans with two port operating companies Klang Container Terminal and Klang Port Management Sdn Bhd to
      440 words
    • Article
      Lock icon M'sian telcos set ad guidelines
      146 14 KUALA LUMPUR AFXAsia EIGHT local telecommunications companies signed a set of advertising and promotions guidelines, that will set standards in advertising and promotions, Bernama news agency reported. The eight telcos are: Telekom Malaysia Bhd, Celcom (M) Sdn Bhd, DiGi Telecommunications Sdn Bhd, Max is Communications
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      Lock icon Ringgit peg stays, says NEAC deputy head
      509 14 KUALA LUMPUR Regional currency movements still too uncertain to review fixed exchange rate Bridge News AN official of Malaysia's high-powered National Economic Action Council (NEAC) said there is no reason to change the ringgit's peg to the US dollar "for the time being."
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  • SOUTH east asia
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      Lock icon Jakarta's Cybercity tech hub to get 24-hour news-based TV station
      577 15  -  -i exclusive L&M Group, M'sia's TV3 and FT Global Infonnasi Bermuta backing Indon version of CNN By Yang Razali Kassim INVESTORS from Singapore, Malaysia and Indonesia are joining hands to start a round-the-clock news-based television station in Jakarta's future information
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      Lock icon Bank Bali case: Judge adjourns ex-head Ramli's trial to Nov 24
      594 15 JAKARTA AtUraar-gßMral set toSUBM Baramuli, Subirin Bloomberg AFP, AFX-Asia A JAKARTA judge yesterday adjourned the case against Rudy Ramli, former head of PT Bank Bali, who appeared in court on charges of breaking banking laws, even as the attorney-general
      Bloomberg; AFP,; AFX-Asia; AFP  -  594 words
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      Lock icon Jakarta working on forex report system
      130 15 ■JAKARTA Bridge News BANK Indonesia is considering making the reporting of foreign exchange transactions of a minimum US$5,OOO- (558,350-5516,700) mandatory as part of its foreign exchange monitoring system but has not yet decided the minimum amount, deputy governor Achjar Hlias said yesterday. "We are
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    • Article
      Lock icon Thai telecom firms post better operating profits
      468 16 BANGKOK Hefty net losses in Q3 bnt earnings prospects are positive: analysts Reuters THIRD quarter financial results from Thai telecommunication firms this week showed growing operating profits that indicated positive ftiture earning prospects, analysts said yesterday. Cellular phone operators, in particular, improved quar-ter-on-quarter
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      Lock icon Avoid divisive issues in WTO talks, urges US official
      546 16 BANGKOK BqkulsikMUbe oo 6nhjuKC6d umrlLGt access, says Fisher Reuters THE United States sought to reassure South-east Asia yesterday it would have the region's interests at heart during global trade talks later this month, saying several potentially divisive issues should be avoided.
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      Lock icon Ibra wants to dose Bank Nusa Nasional
      225 16 JAKARTA Bridge News THE Indonesian Bank Restructuring Agency (Ibra) believes that the nationalised Bank Nusa Nasional (BNN) cannot be saved and wants to hand it to Bank Indonesia for liquidation but the central bank does not want to close any more banks, a
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    • NOTE Book
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        Lock icon Manila Y2K bug-buster to explain
        53 16 APP [MANILA] Tbe head of a Philippines body set up to advise on nrillennium bug problems was yesterday ordered to answtr allegations tipt he may have bean involved In shady deals, officials said. Y$K Commission gatraaan Airghle within 48 remediation efforts", said presidential spokesman Fernando
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        Lock icon Justice minister not suspected of
        54 16 AFP [JAKARTA] Indonesia's Justice Minister Yusrll Dm Mahendrai» not among three ministers suspected of corruption, President Abdurrahman Wahid Mid in a statement issued yesterday. 'The president has confirmed that thsjustke and law minister is not among ministers reportedly involved in KKN (corruption, collusion and nepotism)."
        AFP  -  54 words
      • Article
        Lock icon Bangkok starts 10b baht bond sale
        57 16 Bloomberg [BANGKOK] Thailand yesterdsy began s 10 billion baht (Ss43omillion) bond sale to tap consumer demand for better returns than offered by bank deposits. Ths sate is the second in which authorities have targeted individual investors this year. Proceeds will help fUnd the 2000
        Bloomberg  -  57 words
      • Article
        Lock icon Thai bad loans prevent upgrade
        51 16 Bridge News [SINGAPORE] Thailand's high non-performing loan levels and the uncertain political outlook prevented its sovereign ratings from being upgraded with thoee of South Korea and Malaysia last week. Standard Poor's said yesterday. SAP stays worried about high corporate debt and the pace of restructuring.—Bridge
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      • Article
        Lock icon Aussie firm in Indon coal contract
        59 16 AFP [PERTH] Australian engineering and construction contracting group, Clough Engineering, has won a AJ2IS million (Ss23l million) coal mining contract in Indonesia. Clough managing director Brian Hewitt said the deal had been signed with mining company PT Gunungbayan Pratamacoal (GBP) for work at GBP's
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      184 15 t \WZ-~- ■mmm i m I 11 i r» n T i m i t blligence The New S-Class. I 2RS' V \-£a timiM .r••••• r t- •'%s# Bk I d driving companion. 1 the ability to respond to you intelligently. in front. (Available as an option.) All these features
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      159 16 introducing the fthinkpad 570 M <idc) here's how it works just slip the new, ultralight PJfffiffTl superthin thinkpad 570 into an ultrabase and it transforms into a flexible multimedia desktop 11 enough to take with you |t Jr as your all-in-one portable ifs the one computer to y more than
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  • EAST asia
    • Article
      Lock icon ABN Amro unit takes 40% stake in e-commerce firm
      499 17 HONGKONG Company's first snch investment in Asia banking on boom in China online trading Bloomberg ABN Amro NV's Asian investment unit is taking a 40 per cent stake in one of General Electric Co's e-commerce businesses, a move that aims to
      Bloomberg  -  499 words
    • Article
      Lock icon 50% foreign limit for China insurance firms
      418 17 BEIJING This wiU be alio wed three years after China joins WTO Bloomberg CHINA, backing away from an earlier pledge to allow foreign majority ownership of insurance companies, will limit foreigners to a maximum 50 per cent stake three years after its entry
      Bloomberg  -  418 words
    • SINO Briefs
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        Lock icon Taipei prints new notes for New Year
        65 17 Bloomberg [TAIPEI] Taiwan's central bank is boosting orders for new currency notes as it prepares for the year-end seasonal cash demand and an expected surge of withdrawals related to Y2K concerns. The Central Bank of China said it will stockpile an additional NT$9OO
        Bloomberg  -  65 words
      • Article
        Lock icon Jardine Fleming to bid for Daewoo Sec
        42 17 Bloomberg [SEOUL] Jardine Fleming Group, the Hongkong arm of the UK's Robert Fleming, is the sixth foreign company to tell regulators of plans to bid for Daewoo Securities Co, the Korea Economic Daily reported. Bloomberg
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      • Article
        Lock icon Taiwan CPC project partners may quit
        52 17 Bridge News [TAIPEI] Potential minor participants in the investment of a planned naphtha cracker project led by the state-run Chinese Petroleum Corp. known as the No 8 plant, are inclined to pull out of the project, an executive from the petrochemical industry said yesterday.
        Bridge News  -  52 words
      • Article
        Lock icon HK legislators okay Disney park
        76 17 Bloomberg [HONGKONG] Hongkong moved a step closer to making a proposed Walt Disney theme park a reality as legislators approved a government plan to spend more than HK$l3.6 billion (552.9 billion) to reclaim land and build roads for the project. The Legislative Council will vote
        Bloomberg  -  76 words
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      Lock icon In high spirits
      50 17 [HONGKONG] Workers yesterday working on the interior of a 18m tall Christmas tree inside a Hongkong shopping mall. Retailers in the territory, which is beginning to shows signs of recovery, are spending more on decorations in a bid to attract customers during the upcoming festive season. REUTERS
      REUTERS  -  50 words
    • Article
      Lock icon HK eases listing rules for Growth Emerging Markets
      264 17  -  Minimmw public float lowered, accounting standards changed From Quak Hiang Whai in Hongkong THE Stock Exchange of Hong Kong has amended the listing rules governing public float requirements and accounting standards for the newlylaunched Growth Emerging Markets (GEM). The bourse said yesterday
      264 words
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      160 17 MaybankSprinTT '^■dKsTzmr* r jßPBßi^^MraMP MMiiiM^H^^^^^H^^^^ jjBQyS mn <I^3Fjsf^ Remit the exact amount to Malaysia in record time. The fastest telegraphic transfer to Malaysia is here. It's Maybank's super SprinTT. Able to cross state borders in y/O /iUt^M a single transaction. With over 260 branches across the country, Maybank SprinTT remits
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  • SOUTH asia
    • Article
      Lock icon Pakistan Telecoms earnings jump 20%
      136 18 KARACHI Reuters STATE-RUN Pakistan Telecommunications Co Ltd, the market leader on the Karachi Stock Exchange, announced a 20 per cent jump in after-tax profits yesterday for its last business year. The company said it posted an after-tax profit of 17.57 billion rupees (*****.7 million) in
      Reuters  -  136 words
    • Article
      Lock icon Indian media mogul bids for ICO Global
      440 18 BOMBAY He says his plan to inject USsl.2b in return for 74% stake betters rival offer FT SUBHASH Chandra, the Indian media mogul, has emerged as a surprise bidder for control of ICO Global Communications, the US-listed satellite telephone company that filed for
      FT  -  440 words
    • Article, Illustration
      Lock icon All aboard
      58 18 [NEW DELHI] Visitors checking out a model carriage of New Delhi's Metro Rail Project at the India International Trade Fair yesterday. The first "Metro Train "service is set to begin in 2002, with the first phase, covering three routes, expected to be completed in 2005. The Metro Rail
      AFP  -  58 words
    • Article
      Lock icon Analysts call 'buys' on India software stocks
      644 18 BANGALORE Move to high-value areas after Y2K projects ensure high returns, they say Reuters INDIA'S glittering computer software stocks will prove to be golden investments as the industry feasts on a global appetite for software services. Despite having soared to dizzying heights, the
      Reuters  -  644 words
    • Article
      Lock icon S&P cuts ratings of Pakistan govt bonds to default status
      328 18 HONGKONG Bloomberg PAKISTAN'S government bonds have been downgraded by Standard Poor's to its lowest level, or default status, as the ratings company warned governments and companies that they can't skirt default ratings by rescheduling debts. Pakistan defaulted on its bonds
      Bloomberg  -  328 words
    • Article
      Lock icon Anti-graft crackdown in Pakistan
      177 18 ISLAMABAD AFP PAKISTAN yesterday began a crackdown on corruption, setting up a new court with powers to prosecute offenders and recover billions of missing dollars. Under a new law enacted overnight, the military rulers set up a National Accountability Bureau and promised to begin arresting people
      AFP  -  177 words
    • ASIA Notes
      • Article
        Lock icon 6.5% GDP growth seen for India
        36 18 Bloomberg [NEW DELHI] India's economy will grow 6.5 per cent in the year to March 2000 as factories step up production and exports increase. Finance Minister Yashwant Sinha said. Bloomberg
        Bloomberg  -  36 words
      • Article
        Lock icon No plans to divest stake in carmaker
        57 18 Reuters [NEW DELHI] India's Heavy Industry Minister Manohar Joshi yesterday told an Economic Editors Conference that the government had no plans to disinvest its stake in carmaker Maruti Udyog Ltd. Hie Indian government and Japan's Suzuki Motor Corporation each hold 50 per cent
        Reuters  -  57 words
      • Article
        Lock icon Minister defends share sale in Gail
        58 18 Reuters [NEW DELHI] Finance Minister Yashwant Sinha yesterday defended the sale of shares in state-run Gas Authority of India Ltd through a recently-concluded issue of global depositary receipts. "Hie Gail disinvestment has been done in the most transparent manner possible. It is not a
        Reuters  -  58 words
      • Article
        Lock icon Computer Associates in India venture
        68 18 Bridge News [BANGALORE] Computer Associates International will hold 51 per cent equity in its software accounting joint venture with India's Pentafour Software and Exports, Charles Wang, CA chairman and chief executive, said yesterday. The new venture will develop and market accounting software in India, and
        Bridge News  -  68 words
      • Article
        Lock icon Tatas regroups into 7 categories:report
        57 18 Bridge News [BOMBAY] India's largest business group, the Tatas, has reclassified its businesses into seven groups from the current 11, the Financial Express said yesterday. The group, with a turnover of US$B.B billion (5514.7 billion), has also trimmed the number of its "group companies" to
        Bridge News  -  57 words
      • Article
        Lock icon US move to reimpose Pak sanctions
        51 18 Bridge News [BOMBAY] A legislation to reimpose economic and military sanctions against Pakistan has been introduced in the US House of Representatives even as 27 Congressmen urged President Bill Clinton not to resume defence relationship with Islamabad, the Press Trust of India reported yesterday.—Bridge
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      654 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No 741 1298 YANGXIN CHU CHEONG FOOOSTUFF (SINGAPORE) TRADING PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 Of THE COMPANIES ACT CAP. SO THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 18TH
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      390 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AE ENGINE PARTS ASIA PACIFIC (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of
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      276 18 At an Exfcaoßfinaiy General Mating of tia abovenamed Company held at Via Baiasfra No. 5, Lugano Swfaarland an 12k day of November 1999 at 10.30 ajn., tht fofcring RaaoUtona nan duly paaaatfSPECUL RESOLUTIONS MNUNG UP RESOLVED: (a) That tia Company ba wound up voiuntarly purauant to Sadon29o (1) (b) of
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  • WORLD news
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      Lock icon Oct CPI in US rises just 0.2% in line with expectations
      586 19 WASHINGTON Slow pace suggests Fed may not raise rates again for several months Bloomberg Reuters CONSUMER prices in the US rose in October at the slowest pace in four months, suggesting the Federal Reserve's increase in interest rates on
      Bloomberg; Reuters  -  586 words
    • Article
      Lock icon Britain's jobless numbers fall for eigth month
      376 19 LONDON Bloomberg THE number of unemployed Britons declined for an eighth month in October as a quickening pace of economic growth prompted hiring among service businesses, such as mobile phone and mortgage companies. There were 8,400 fewer jobseekers compared with September, leaving the
      Bloomberg  -  376 words
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      Lock icon More than a pint in the house
      60 19 [QUEENSTOWN, New Zealand) Bar employee Paul Murphy drinking a beer while he surveys flood damage to his place of employment in Queenstown. Hundreds ofpeople were evacuated and a state ofemergency declared in tourist areas of New Zealand's South Island yesterday after torrential rain
      REUTERS  -  60 words
    • Article
      Lock icon Deutsche Telekom agrees to buy Siris
      178 19 Bloomberg [BONN] Deutsche Telekom AG agreed to buy Siris, the French telecommunications unit of Unisource NV, for 700 miUion euros (511.2 biUion) in cash to move into France as its decade-long relationship with France Telecom SA unravels. Siris, which was founded by Unisource in
      Bloomberg  -  178 words
    • Article
      Lock icon Citigroup may consider buying Bank One Corp: analyst
      415 19 NEW YORK Purchase would boost Citigronp's leading position in the credit card market Bloomberg CITIGROUP, the biggest US financial firm, might consider buying Bank One Corp. the nation's fifth largest bank, to increase its credit card and Internet businesses, an analyst at
      Bloomberg  -  415 words
    • Article
      Lock icon Hedge funds get a new benchmark index
      273 19 NEW YORK Reuters HEDGE funds will have a benchmark of their own with the launch yesterday of an industry index that tracks 284 of the biggest funds with US$lOO biUion (Ssl67 billion) in investments. The new benchmark, called the CSFB/Tremont Hedge Fund Index,
      Reuters  -  273 words
    • Article, Illustration
      Lock icon Madison Ave is world's costliest retail location
      387 19 LONDON Bloomberg NEW York's Madison Avenue held its place as the world's most expensive area for retailers, according to an annual survey by the international property consultant Healey Baker. Prime space on Madison Avenue now costs U556,459 (S$10,802) per sq m a year,
      Bloomberg  -  387 words
    • Article
      Lock icon Funds judge brokers by quality of research: poll
      416 19 LONDON Merrill emerges best in research for emerging markets Reuters EMERGING market fund managers are increasingly using quality of research to determine their choice of broker and allocation of commissions, according to a survey that found Merrill Lynch is the most respected
      Reuters  -  416 words
    • Article
      Lock icon Japan mission calls for historic opening up to Asia
      615 20 TOKYO Report to Obuchi issued after 12-day tour of region, led by Toyota chairman AFP A TOP Japanese mission called for a historic new push to open the country up to Asia's recovering economies in a key report to Prime Minister
      AFP  -  615 words
    • Article
      Lock icon NTT to axe 21,000 jobs, cut capital spending at two units
      411 20 TOKYO World's largest telco underpressure from smaller rivals Bloomberg NIPPON Telegraph Telephone Corp, the world's largest phone company, will cut about 16 per cent of its workforce at two local units and trim capital spending in response to increasing
      Bloomberg  -  411 words
    • Article, Illustration
      Lock icon Ex-manager of Credit Suisse Tokyo unit arrested
      278 20 TOKYO Reuters IN the strongest action taken in relation to a foreign financial firm in Japan, police yesterday arrested a former manager of Credit Suisse First Boston's Tokyo unit on suspicion of violating banking laws. Police said Shinji Yamada, former head of the
      Reuters  -  278 words
    • Article
      Lock icon US Congress clears path for IMF debt relief plan
      504 20 WASHINGTON IMF will be allowed to revalue part of gold reserves to create USs3Jbfnnd FT THE International Monetary Fund will be allowed to use some of its gold reserves for international debt relief under an agreement reached between the Clinton administration
      FT  -  504 words
    • Article, Illustration
      Lock icon Japan's LTCB asking Rubin to join its board, says paper
      202 20 mmUm Reuters foiled Japanese bank a. consortium led by US investment group Sipplewood Holdings, the Financial Timet report a formal decision yet, but added be was understood to be aMraded to tbs oflfer. A Ripplewood official in Tokyo aafal that
      Reuters; FILE PHOTO  -  202 words
    • Article, Illustration
      Lock icon Mr Yen joins Salomon advisory board
      170 20 Bloomberg [NEW YORK] Citigroup Inc said Eisuke Sakakihara, the fonnsr Japanese finance vice-minister known as Mr Yen, Joined ths I® ternational advisory board of tts investment banking unit, |MjPi mon Smith Barney. back for the post of meiwigtng dtaictoi^t^ etaryFtod, wm Join financial and
      Bloomberg; FILE PHOTO  -  170 words
    • Article
      Lock icon NZ central bank raises benchmark rate to 5%, warns of more rises
      362 20 WELLINGTON Bloomberg NEW Zealand's central bank yesterday raised its benchmark interest rate a half point to 5 per cent, warning more increases will follow to keep inflation in check as the nation's economy rebounds. The bank, saying annual
      Bloomberg  -  362 words
    • WORLD Watch
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        Lock icon Chase boss Shipley to retire on Jan 1
        83 20 Bloomberg [NEW YORK] Chase Manhattan Corp chairmen Water Shipley will retire on Jan Lending a 43-year career at the bank and handing the Job, as expected, to chief executive William Harrison Jr. Mr Shipley, who had his 64th birthday this month, planned
        Bloomberg  -  83 words
      • Article
        Lock icon Outgoing HP chief to head wine firm
        101 20 NYT [SAN FRANCISCO] For months the speculation on LsWis E Piatt who retires as chairman of Hewlett-Packard Co at the end of the year, has been that he would Join a venture capital firm or an Internet start-up. But Mr Piatt will Join
        NYT  -  101 words
      • Article
        Lock icon Withdrawal limit for new Tiger clients
        67 20 Bloomberg [NEW YORK] Billionaire hedge fUnd manager Julian Robertson, in a reversal, said new limits on withdrawals from his Tiger Management LLC would apply only to clients who invest after Dec 31. Mr Robertson had told investors last month that starting next March SI,
        Bloomberg  -  67 words
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  • FINANCE & commodities
    • Article
      Lock icon Futures lose steam after a firm start
      278 21  -  Anuria Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market finished lower yesterday, knocked down by profit-tak-ing and lack of followthrough buying following a good nine-day raUy. The benchmark Straits Times Index closed 10 points or 0.45 per cent lower
      278 words
    • Article
      Lock icon Futures up on absence of US inflation pressure
      193 21  -  MSCI Taiwan ftitnres Cecilia Loh Refco Singapore THE Simex MSCI Taiwan Stock Index yesterday rallied 1.4 points on a positive note as the US economy shows no sign of inflationary pressure amidst stable interest rate. The Taiex climbed 39.58 points to 7,645.78
      193 words
    • Article
      Lock icon Oil prices hit nine-year high
      205 21 ENERGY REPORT Reuters [LONDON] Oil prices hit a nine-year high yesterday after the world's leading oil producers vowed to maintain deep supply curbs until April, despite warnings that global stockpiles are shrinking sharply ahead of winter. Brent blend crude futures for January touched U5525.07 a
      Reuters  -  205 words
    • Article
      Lock icon CURRENCY REPORT
      346 21 Reuters liWHiflll THE dollar lost early gains against major currencies yesterday, amid waning support from the US Federal Reserve's rate rise and shift to neutral bias in monetary policy on Tuesday. The dollar more than reversed its progress against euro and yen, as the focus shifted from the
      Reuters  -  346 words
    • Article, Illustration
      Lock icon Untitled
      1135 21 iMTKEBAltK CROSS KATBS NovI7 AS CS tate Inro Ffr Pw m$ ln<8»8»tel> Yan 6an H lg$h>b M» M IT> Oafct Hmi m Australia 0.939 6.178 0.622 4.079 1216 4.909 27.859 44.897 0.601 7.556 2.499 1.242 ***** 25.902 1074 3.944 099T ***** ***** 0J97 0642 Cm4I 1064 5.671 0462 4.342 1.295
      1,135 words
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      Lock icon Untitled
      1688 21 BOOK WFTIWBS Nov 17 WWO (Mew th*i« «H3epm> RSS1 CONTRACTS ctafe/ty dm Mm Opal Mali tMgi Low UM (In) Wmt Ok 99 MOO 1*00 116.75 TOO MO JM 00 11*75 400 <00 MOO 125.75 125.75 ***** 600 100 M>r 00 125.75 100 Itt 3 CONTRACT (UScMtVhg) VataM OpM HmM Hl»
      1,688 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng pulls back alter topping 15,000
      2858 22 HONGKONG AFP n Hang Seng -*-15.02 HONGKONG share prices rose just 0.1 per cent yesterday, dropping back from a strong opening in reaction to overnight gains on Wall Street, dealers said. However, some retail investors locked in profits after the index soared past
      AFP  -  2,858 words
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      Lock icon CHINA
      984 22 Reuters FlShemfaenßlndgg +0.38 SHENZHEN'S A and B shares reversed morning losses to end higher yesterday, thanks to late buying in property issues, analysts said. The B share index rose 0.36 point to 86.25 on turnover of HK$62 million against Tuesday's HK$76 million. The A share index went up 8.54
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  984 words
    • Article
      Lock icon TAIPEI
      365 22 AFP E|WP Index *3158 TAIWAN share prices closed 0.5 per cent higher yesterday on Wall Street's overnight rally, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 39.58 points to 7,645.78 on turnover of NT5103.09 billion. Risers led decliners 279 to 170. "The market was mainly driven by
      AFP  -  365 words
    • Article
      Lock icon Shares higher on foreign buying
      2040 22 TOKYO AFP Qwuntag +UMB SHARE prices in Tokyo rose 0.7 per cent yesterday as foreign investors hunted stocks on brighter prospects for Japan's economy and after a rally on Wall Street, brokers said. But profit-taking eroded some of the early gains which were partly attributed
      AFP  -  2,040 words
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  • STOCKS klse
    • Article
      Lock icon Untitled
      7577 23 Cmsmmt prefects •W Last Vol Day Nat Cap MH> La» Ciwuay 8aH •000 MHI> Law P/I $m8 440 255 AJinomoto 302 M 1224 174 46 Anpkasa 87 -1 36 M 86.5 128-3 404 220 ApoHoFoodH* 310 -2 1 310 310 7.4 124.0 294 115 Bartaya Land 171 1 15 172
      7,577 words
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      Lock icon Election uncertainties weigh down shares
      260 23 AFP, AFX-Asia POwnpogtehiex -OA MALAYSIAN share prices ended 0.1 per cent lower yesterday amid a lack of follow-through buying, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 0.61 point to finish at 719.73 and the Second Board Index eased 0.36 point to 151.69.
      AFP,; AFX-Asia  -  260 words
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      39 23 J I 1 I IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore dally. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu HOO-ViHM)
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  • SES clob & regional stocks
    • Article
      Lock icon Untitled
      2640 24 BOMPS AWAREAMTS Nov 17 UHM* UM M Bay MM A™ taScw tar CM M» La» Mm r.—MT Mi ««r- mtl «M la M> Ml h5 MUM Mm (M MM (aft 104 10.5 9 3160 *Acar ******1 USS 41 0.5 222 42 403 41 413 I 33J i 156 a, 2
      2,640 words
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      Lock icon BANGKOK
      743 24 AFP P SET Met -13J1 THAI share prices plunged 3.1 per cent yesterday, with investors discouraged by broadly disappointing thirdquarter results from the nonfinancial sectors, dealers said. Share prices were also dragged sharply lower as foreign investors offloaded banks and finances, they said. The Stock Exchange of Thailand Index
      AFP  -  743 words
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      Lock icon MANILA
      288 24 AFP □mail* -a.07 PHILIPPINE share prices fell 0.4 per cent yesterday as foreigners continued to shun the market despite upturns abroad, analysts said. The Philippine Stock Exchange Composite Index fell 8.07 points to close at 1,949.74. Volume totalled 13.32 billion shares.—AFP —'ff *h nm MRC Allied 0.78 0.02 720
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      Lock icon JAKARTA
      658 24 AFP QtapdhUß_4Jt INDONESIAN share prices closed little changed yesterday amid local bargain-hunt-ing in second liners, with gains contained by sell-offs in some blue chips, dealers said. They said the sell-offs were triggered by concerns over the Bank Bali case following the replacement of the bank's Standard Chartered management team.
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      Lock icon WELLINGTON
      275 24 AFP QWeOmgUo +BJ2 NEW Zealand stocks were up 0.6 per cent yesterday despite a much anticipated interest rate hike from the central bank. On turnover of NZ$lOl million, the NZSE-40 Capital Index rose 12.12 points to 2,061.06, with Telecom up 10 cents at NZ$7.9l. —AFP —>17 f—» Advent ege
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      Lock icon SYDNEY
      569 24 AFP FlADOnßtriai *3L5 AUSTRALIAN share prices put on a strong performance yesterday, gaining one per cent after the US equity market responded positively to monetary policy changes there overnight brokers said. The All Ordinaries Index closed 31.5 points up at 3,036.00. The All Industrials firmed 56.1 points to 5,259.60
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      Lock icon SEOUL
      272 24 AFP QOompoote Index 1006 THE Korea Stock Exchange Composite Index closed down 40.06 points at 967.64. Volume was 491.9 million shares worth 6.99 trillion won. —iff *ftamSMl *4550 -tlOO BratnTacK 3000 50 Contralto* 3000 »0 "WOO -7000 DMbila*—— «S0 "300 Oaasanf Carp 4010 -370 Daewoo Corp— 750 H5 DaawooClact——
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      28 24 '*N &-7. lrHlsl fiiir |J yliilHii- Hf if-V Wizm hirst impressions count. K 1 Jllilp 1 ,Jf f ;:U« tK«»!•:•••'• wuw.lM/ *■■<« v. V-, v... y nVv\\v/ V»'v .<-* >■■ A
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  • Article
    Lock icon STOCKS ses
    7431 25 MAIN BOARD Transaction date: Nov 17 6r Or mm J2-MI Ljst Vol Day Last Owlt Dh Dh YM Mat Cap *1 MH» Lw IW» Cimpiny rooo) Mm. L— 8nyar laBar CV P/l Wrt«d MULTHNDUSTIY 182 17.5 m b 1000 Acma SOc 120 -2 751 124 120 119 120
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      73 25 M Le maitre de I'korlogerie depuis 1875 Who is behind an Audemars Piguet watch? Ccrtinall&idiCcnlre AVAII AM P AT SIHGAWff 7 Regional Agent, Showroom ft Service Centre: AUDEIIARS PIOUET (SINGAPORE) PRIVATE LIMITED. Cortina Walrh Crntrt Ptr Ltd 9 Raffles Boulevard #01 -111/112 Millenia Walk Singapore 0J9596. Tel: *****13/3391 353 Fa*:
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  • EXEC lifestyle
    • Article, Illustration
      Lock icon Present, future perfect athlete
      806 26  -  Tiger Woods is set to be the next century's first great worldwide athlete, says tmcboswhu. TOM BOSWELL LAT-WP OVER the next few weeks, well see lots of lists of the greatest athletes of the 20th century. Was Michael Jordan better thai) Babe Ruth? Was Muhammad Ali
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      434 27 Where to wine, dine and entertain..."""? ("E&aOffering the lowest interest rate in town jjjjjjjj^^ Dine on Cafe Plaza's sumptuous authentic Thai buffet for lunch and dinner, along with attractive lucky draw prizes to be won! Buffet Lunch Dinner. £22.50 (Adult), 30% discount (Child) For reservations, please call 290 8218/298 0011.
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      32 27 DOW with soothing live English entertainment. Happy Hours 6pm-9|Mft4«Uy t $s+++ on I al house poors 20% off all other drinks Reservations: 831-6310/6288 333 Odud Road. 23M47 1*737 4411 Fee 7J2 1341
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  • Page 27 Miscellaneous
    • Miscellaneous
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      943 27 lim,minTTffs^———— MHHHHWMI >J0 News 5 Tonight. 240 TV Innovations. m Toyster. i A i^———lo4o The Practice: Trees In tOO Balada Dangdut: Bagai 100 News. Hiti EKSIS!?f„m Th® Ar Disambar Petir (r). 840 Hari Ini Dalam Seja--4.00 Kidz Blitz: Here s Hum- u,©© Spin City: Family Af- 5.00 Citra Keluarga. rah.
      943 words
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      213 27 CBYPTIC CROSSWORD ACROSS 71 owned a smal property in this 1 Modest just the same (10) a W M 6 K makes a pass into a path (4) 8 Uige a chap to become a PR MAnunt~gm.tt.stft*** ™n M) 11 Concerning aw* he's shameless fjjSIX 1 8 L, fl m
      213 words
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  • THE CEO speaks
    • Article, Illustration
      Lock icon Magic of Franck Muller
      1362 28  -  He is refreshingly original, delightfully rebellious, and perhaps the Swiss watchmaking industry's greatest success story today, says labbtwee LARY WEE IN the highly competitive world of Swiss haute horlogerie, or high-end watch making, only one man can claim to have turned 140,000 Swiss francs (*****,280) into
      SIEW YAW HOONG  -  1,362 words
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      200 28 UOB RIVILEGE BANKING J Hwl 0-v*: Her- T ?Mim iM VALUE-ADDED FINANCIAL SERVICES. YOUR OWN RELATIONSHIP MANAGER. A ROOM WITH A VIEW. RIvI L E G E At the heart Pr v le B e Banking is Plaza 2, Raffles Place, you'll find your Relationship Manager most those of you
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Faces of a unique city
      1225 29  -  In formulating the new Concept Plan to meet the people's needs, URA is seen to face challenge from key issues such as an ageing population, more foreign workers as well as IT revolution, gabol en a finds out CAROL ENG More waterfront homes like those
      FILE PHOTOS; Source: URA  -  1,225 words
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      Lock icon Living in the rail world
      1125 30  -  COVER STORY The MRT has changed the way we shop and work and is set to influence the intensity of land development oho choon fab takes a look ONG CHOON FAH The writer is executive director of Edmund Tie Company THE MRT has become an
      FILE PHOTOS  -  1,125 words
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      Lock icon Untitled
      331 30 New homes for sale jflffffTfffjfffgW DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO OF PRICE TENURE (sqft) LAUNCHED UNTTSSOLD* ($pef) Craig Place Guthrie 1 Craig Rd 560-730 17 1 975 99-yr Faber Crest CDL 5 Faber Heights 1,012-2,099 240 102 590 99-yr River Place FEO 3 HavelocK/Ctemenceau Ave 678-3,229 509 313
      331 words
    • RETAIL
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        Lock icon Net edge in the shopping malls
        705 31 Two of US' largest retail property owners are embracing the Internet by creating online shopping units FT IN recent weeks, two of the largest US retail property owners, Simon Property Group and Prime Retail, have announced the formation of new subsidiaries to use Internet
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    • PERSONAL SPACE
      • Article, Illustration
        Lock icon Revelling in company
        1587 32  -  jaime ee sees CK Tang chief Tang Wee Swig's penchant for entertaining in his huge kitchen and other comforts JAIME EE IF you like cooking, you would want to be friends with Tang Wee Sung so you could play in his kitchen. Bigger than some studio apartments,
        PHOTOS BY SIEW YAW HOONG  -  1,587 words
    • Article, Illustration
      Lock icon HOUSEHUNT
      2705 34 Property transactions for selected districts lodged between Oct 19 and Nov 15. PROJECT NAME/ PROP CONTRACT TENURE BUH.T-IY PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BULT-W PRO PSF STREET NAME TYPE DATE LAND AREA* STREET NAME TYPE DATE LANOAREA* (SOFT) (St'000) (SI) (SOFT) (S$000) (SI) District 1 District 13
      2,705 words
    • OVERSEAS PROPERTY
      • Article, Illustration
        Lock icon Thai market on the mend
        973 35  -  Those hoping to buy Bangkok properties at "fire-sale" prices would be disappointed, but investment opportunities do exist says baxusbbsbbta HARISH MEHTA After five quarters of negative growth, occupancy at Bangkok's offices those rows of empty towers entered positive territory in the third quarter this year.
        FILE PHOTO  -  973 words
      • Article
        Lock icon Untitled
        224 35 VE«» YBa Ji l Citibank' (max of 30 yra) 4.0000 4.7500 5.5000 5.8000 5.5000 5JQQQ ***** 5.0000 5.0000 5.0000 5.0000 ***** 5.7500 HongLeongFlnancet(maxof30yre) 4.0000*8750 ***** Si»0 5155 boso Singapore Rnancrft (max of 30 yra) 4.0000 4J750 Oreo ftiao (U250 Jiao 6.1250 HSBC (max ot 30 yra) 3.3300 4.7500 5.2500 6.0000
        224 words
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      27 30 i WML?"* '*'W P We Mean Business newsm A' *r M,;.flj Hourty Bmlmss Updtts, Monday to Friday or NewsllMlo 93.8 ni M News#adio93& more news more rcs.com.sg/newsradlo
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      134 31 For Sale By Tender Corporate Residential Services I A Rustic Country Home At 5 Binjai Rise (13,466 sf) Unique 2 «ty bungalow with P^_ swimming pool Oiract viaws over lush foliaga, cascading waterfall a tropical garden Gutsy use of bricks A wood Viewing is highly recommended Tender Nov 1999 Friday
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      55 31 COLLECTIVE SALE By Tender PASIR RIS GARDEN -s^l' S3 iJLU INVESTMENT SALES 5 TEMASEK BOULEVARD #07-02 LdlCSlCriOn SUNTEC TOWER 5 STORE *****5 INTERNATIONAL^^^^^^P^B TEL: 221 8288 FAX: 533 4339 COLLECTIVE SALE By Tender INVESTMENT SAIES 5 TEMASEK BOULEVARD #07 02 V. IK'SU'I lull^ SUNTEC TOWER S S PORE OJH9BS m
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      32 31 COLLECTIVE SALE By Tender j INVESTMENT SAI ES I 5 TEMASEK BOULEVARD »07 02 V I K'SICI l< M I SUNTEC TOWER S S PORE *****S TEI 221 8288 AX 533 4339
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      45 33 7'£S* -i J ?saSm s *&gßm 1 1 1 I I a 7 '/i■ S n J i v XVM A >$* 1 1 safest iNOWNKI) IN SIN GA> O R-E'", "RECOGNIZED EVERYWHERE, GEEaIES] r- ESJSSS vKI F|j i |TfKT|Ti ET7|y|f|V| Kg g rS iiiiViiil l
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      81 34 enM. m sff Ac %mJk 8: pg *> n yj 1 l^El SINGAPURA BUILDING SOCIETY LTD p J 1 NEED A LOAN? TAKE ADVANTAGE J OF OUR FINANCIAL STRENGTH F We provide loans and financial assistance for your Corporate and Personal Financing. Car Loan Home Loan Share Loan Commercial/Industrial Loan
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      41 35 CB Richard Ellis Investment DlO RESIDENTIAL SITE FOR SALE BY TENDER PROPERTY PENURE Dragon View Park (Option to description amalgamate bIII environment (lose to adjoining plot Near to shopping other Grange WBBUSbk 224-8181 PLANNING HPiiMB PARAMETERS RW^t^vß CB Richard Ellis Investment
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      66 35 THE KEY TO YOUR UK PROPERTY FINANCE ii > t £r MMBBI Highly competitive Intefest rate Fast and convenient service Flexible loan package Repurchase approval No prepayment penalties For further information, please contact either Eileen Tan or Amy Wee at Tel: (65) *****33 and Fax: (65) 225 8013. The Royal
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  • MOTORING page
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      Lock icon C&C closes in on Kia deal
      518 36  -  Industry observers say motor heavyweight a sure winner in bid for keenly-contested agency Ihr Christopher Tan All reports by Christopher Tan [SINGAPORE] Listed blue-chip group Cycle Carriage is close to clinching the distribution rights for Kia cars, signalling a new push to expand its
      518 words
    • Article
      Lock icon Emission rules: Car traders get a reprieve
      484 36 ENY extends March deadline for new standards to January 2001 [SINGAPORE] In an unexpected move, the Ministry of Environment (ENV) has granted a reprieve to motor traders who are unable to meet the proposed March 2000 deadline for a new emission standard. The
      484 words
    • Article
      Lock icon Most businesses pleased with extension
      334 36 [SINGAPORE] BUSINESSES welcome the decision by the government to postpone the implementation of the Euro II vehicle emission standard. A spokesperson for bus and taxi group Tibs Holdings said yesterday: "The move will allow us more time to work with our suppliers to come to
      334 words
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      Lock icon Traders here eyeing Lambo dealership
      433 36 [SINGAPORE] What's faster than Ferrari, sharper than Sherlock and more confident than Bond on a mission? Answer: The Singapore motor trader. Able to sniff a deal halfway round the globe and an opportunity arising from something as seemingly irrelevant as Audi taking over Lamborghini, a
      433 words
    • BUMPER to BUMPER
      • Article
        Lock icon Loss data shows Saab best in its class
        91 36 THE Highway Loss Data Institute of America has found the Saab 900 to be the best in its class for the fourth year running. Collating data of 247 models made in 1996-1996, the institute based its findings on injury claims against US
        91 words
      • Article
        Lock icon BMW's Net drive
        56 36 BMW is set to become the first car maker to provide onboard Internet and e-mail access on models to be launched next year. With the mere addition of a voice-activated control system, BMW buyers in Germany can access required information on the Net. The service is provided
        56 words
      • Article
        Lock icon Asean makes a comeback
        82 36 THE Japan Automobile Manufacturers Association (Jama) expects total sales in the five major Asean markets Thailand, Indonesia, Malaysia, Singapore and the Philippines to recover by 40 per cent this year. In a recent meeting with journalists in Singapore, Jama regional representatives said 1999 sales of the
        82 words
      • Article
        Lock icon BMW may offer run-flats next year?
        76 36  -  Compiled by Christopher Tan RUN-FLAT tyres, which allow users to continue driving despite total air loss, may be available in BMWs from next year. BMW is Europe's first manufacturer to offer the tyres from the factory as standard equipment. They will first be available
        76 words
    • Article
      Lock icon The OMV guide
      1447 36 Average open market vakje(ONN) of cars registered in October 1999 MOOELMME CC ANEOMV® j ALFA ROMEO A156 23 1.970 25.645 ALFA ROMEO A156 2.5 2.482 26.369 *»A843A 4.172 94.900 BMW310W4CP 1B9E 31.447 ■MV23AUTO 1.895 44.096 i BMMf 32CW40R 1391 37.437 BMW52C* 1391 ***** BMW 323GA COUPE 2.494
      1,447 words
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      304 37 Bridge News, Reuters SENTIMENT was lifted in the dry cargo freight market on Tuesday by both an actual and potential fresh chartering enquiry from grain and coal charterers in particular, brokers said. The Baltic Dry Index (BDI) rose four points to 1,346, the Baltic Capesize Index firmed 10
      Bridge News,; Reuters  -  304 words
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      Lock icon MARITIME STOCKS
      295 37 SES IN w w CWT Distribution 1.37 0.02 363 Oluan Hup 2.03 0.07 4190 Cosco Investment L21 -0.13 434 Freight Links 0.34 -0.01 1818 GS&Mtaga 0.95 -0.03 40 Hat Sun -0.72 -0.02 1129 MC HoWngs-HK 5.60 unci) 0 Jaya Holdings 1.03 0.01 464 Jurong Shipyard 8 65 0.05
      295 words
    • Article
      Lock icon Cooperative efforts lead to hijacked ship's arrest
      510 37  -  IMB praises actions of shipping industry and Indian coastguard By\ Marcus Hand [SINGAPORE] The dramatic arrest of the hijacked Japanese cargo ship Alondra Rainbow by the Indian navy on Tuesday was an example of how the shipping industry and law enforcement agencies can
      510 words
    • Article, Illustration
      Lock icon 2,000th vessel and still counting
      61 37 [SINGAPORE] Vessels arriving alongside the yards of the Arab Shipbuilding and Repair Yard (ASRY) for routine docking and repairs. ASR Y, which started operations in 1977, passed a significant milestone in its history when it handled its2,oooth vessel recently. The shipyard has now repaired over
      61 words
    • Article
      Lock icon Class societies feel the pressure
      694 37  -  MBWRUILDS By: David Hughes THE stream of bulk carrier newbuilding orders has continued. The examples in the accompanying list make up about half of the contract reported over the past two weeks. The latest bulker orders coincide with the delivery of what is widely expected
      694 words
    • Article
      Lock icon Vancouver port reopens after settlement of dispute
      284 37 Bloomberg [VANCOUVER] The Port of Vancouver, Canada's busiest, has re-opened after being shut down for more than a week by a labour dispute. Shipping activity is expected to increase over the next few days, a spokesman for the port authority said. It has
      Bloomberg  -  284 words
    • Article
      Lock icon EDB in push for chemical logistics hub in S'pore
      370 37  -  EDB targeting $330 m in investment by logistics firms this year By. Ann Toh [SINGAPORE] The Economic Development Board (EDB) is promoting Singapore as a hub for chemical logistics to support the burgeoning chemicals manufacturing sector, which contributes 24 per cent
      370 words
    • PORT Shots
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        Lock icon Daewoo wins US$720m in ship orders
        72 37 Reuters [SEOUL] South Korea's Daewoo Heavy Industries Co, a unit of ailing Daewoo Group, said it won a total of 18 shipbuilding contracts worth US$72O million (SHJ2 billion) in October. It said the orders for October included two orders f0r300,000-tonne very large crude carriers
        Reuters  -  72 words
      • Article
        Lock icon Viet ports upgrading plan gets PM nod
        94 37 Reuters [HANOI] Vietnam Prime Minister Phan Van Khai has approved a masterplan to upgrade the country's sea pots over the next 10 years. An official from the Government Office, which works closely with the prime minister, said that no figure on the capital
        Reuters  -  94 words
      • Article
        Lock icon Baltic Exchange offers S&P checks
        52 37 [LONDON] The Baltic Exchange has offered to act as a watchdog to ensure sale and purchase (SAP) valuations are accurate. The move follows remarks by the managing director erf" the SAP department of major London-based shipbroker Clarksons that "random breath testa" were needed to stop
        52 words
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      353 37 Ponang aims to draw tourists to watarfront Pasa 2 WTO daal: llttte Impact aaan on China aldinaa Backpage A am fWViHiy, piuuiull WOfeSHOp Oil Rcengineering Supply Chain 24A-2SMi Novoabor 1999, Coacofrio Hotel, Sfegoport ■IJI>JH.IIJ.IWJIWMM«m.MI!II.IIT.I.W>J.ma WHO SHOULD ATTEND? Daripi mi structure powerful proem of CONTINUAL Directors, Managers. Anahsu.Pmjea Managers, IMPVOVEMENT MIS/TT
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  • SHIPPING news
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      Lock icon Penang aims to draw tourists to its waterfront
      295 38 Bid to rival Singapore's Boat and Clarke Quays [SINGAPORE! Penang port wants to redevelop its waterfront to rival San Francisco's Fisherman's Wharf, Sydney's Darling Harbour and Singapore's Boat and Clarke Quays. Its Swettenham Pier and Weld Quay have the potential to become
      FILE PHOTO  -  295 words
    • PORT Shots
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        Lock icon Minoan on buying spree
        116 38 GREEK ferry operator Mlnoan Flying Dolphins has bought 15 ships operating in the Greek Island and Adriatic trades from rival Agapitos Express Ferries. The ships were mainly built in the 1970s and consist of six passenger-vehicle 20-knot vessels serving the Cyclades, Ave smaller ships in the
        116 words
      • Article
        Lock icon ROCL to sue EU over Kosovo
        105 38 STRUGGLING Greek operator Royal Olympic Cruise Lines (ROCL) is suing the European Union for US$44 million (5173.5 million) it claims it lost as a direct result of the war in Kosovo. It was forced to make considerable changes to its schedules due to the
        105 words
      • Article
        Lock icon Fincantieri must seek outside help
        130 38 ITALIAN state-owned shipbuilder Fincantieri will have to find outside aid to refinance the company after it posted nine-month losses of US$2B3 million (***** million), up from US$79 million in the same period last year. A group ofbanks is likely to take a 10-15 per cent
        130 words
      • Article
        Lock icon Repairers face legal minefield
        95 38 THE biggest potential difficulties facing the shiprepair industry are arising out of accountability and potential liability, according to the Salvage Association's John Aston. Speaking at the Ship Repair Conversion 90 conference, Mr Aston said technical difficulties had been replaced with legal difficulties should something go wrong
        95 words
      • Article
        Lock icon A&P wins P&O cruise redit contracts
        66 38 UK-BASED shiprepairer AAP Group has won the refit contracts for P&Q Cruises' Victoria and Arcadia in December and January. The deal follows the company's successful refit of P&O's flagship Oriana earlier in the year. The contract has been welcomed by the company, whoee last
        66 words
  • Article
    Lock icon SHIPPING SCHEDULES INDEX
    184 38 PACE Diaklloyd 8 Aa 6 Dongnama 3 AMI 3 Donflwmi 3 Accord 8 00cMn 7 Aopmlvip 5 ta 4 Austral 8 Evergreen 6 BalaiiShpo 5 Foon fl s <'" BSA 7 CU* 4 B'tang Mas 8 4 CCW 7 Hang Hinitn 1 CMA 8 3 Heung-A 4
    184 words
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      189 38 jj&Mr Keep in Touch Jmgr 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 SENLIM AGENCIES PTE. LTD. 133, New Bridge Road. *06-09, Onrwtown
      189 words
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      557 38 L*** services represented /«IHkA by Members of the Registry ot \WHU/ AocredNed Shipping Agents. National Shipping Assoc Members o4 toe Singapore Forwarders AaaociHon. H ULY UNE MALI Ivissa I voy liu ns tu P.KUMG SfOtl MAii Princess Lily V 1099 25/11 27/11 06/12 Princess Lily V 1199 12/12 14/12 23/12
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      1053 39 SAX SERVICE (DIRECT) vtssa vor sum uu I oa* I aa I hou I oo I m I w I m lure awsamontx mm a4/ii 00/12 14/12 u/n 14/12 14/12 »4/n 14/12 is/12 h/ii ahtoummm« (got pi/12 16/n "2i7TT~ 21/12 ~2i/n ~217Tr~ vihi a/n 22/12 om 00/12 23/12 21/12 21/12
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      1473 39 0 HANJIN SHIPPING iikP 1 lOiMwlw -Ma 2JWJJO I-- MAiUi WWff)m ire iookiog nwnyw saib room ;m oocunan rooiyi v* wmmmm»w mm um wtms mi mmo aao iismuoooon to nw usa 4 canapa OtA zgm I "T 8 I I I I ">■ 1 I I I m I I
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      80 39 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgNtoOmboxZNlngnNLooiTLNg PORT LOUIS lft/11 I Karachi COLOMBO J IN/11 1 BombayWHßiadras CH^H0 BO (IBAY 20/11 mapras/bamqaijohe ao/n tJ CHITTAOONO 22/11 Port Louis [pMAKA, >CO
      80 words
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      1456 40 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERKANEAWCANADA Vtna WOT MM LfH HT* Mff HAM l*V FU VESKL VOY HI BIT IK fOS MX MTU HMUM HMTLAMO 003SW 1111 Hit Mil Ml 2 (7 12 Ml 2 Ml 2 NHZMOOtM MM 11.11 Ml 2 Ml 2 1(12 1212 1« 12 TRADE MAFU
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      792 40 WIAM MAC-NELS S'PORE M SIA Canter: MM CORTR LMCS, MC ftouoANamaam I~IV/\~ J 9®U: (094)*****9 MAMLA: (992)*****24 PBIANO: (04) *****39 BANGKOK: (992) *****97 SURABAVA: (91) *****11 P. KELANG: (03) *****77 JKT: (21)*****46 KUCH9HQ (092) *****1-3 /VALPARAISO MANZANILLO MV "KUO LUNG" VOY KL 901 ETA SIN: 19-11-99 Pis Contact us at
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      553 40 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vmml s pore n sheva colomm p.klang TULSIDAS W. 117 24 NOV tl DEC M DEC 13 DEC TARPON SILVER VII7W 21 NOV 17 DEC 14 DEC lIMC CAPE CANAVERAL VIIIW 01 DEC 14DEC M DEC HOEC TULSIDAS V.IIS IS DEC tl DEC IS DEC
      553 words
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      1669 41 [VESSEL VQY KHH HKG SIM PKG PQB PXB PMM IBA BIK IRAN BAABAEI PCL-Sl2B 10/11 12/11 16/11 17/11 26/11 27/11 28/11 30/11 02/12 IRAN TAKHTI PCL-5129 17/11 10/11 23/11 24/11 03/12 04/12 05/12 07/12 00/12 •RAN TABATABAEI PCL-130 24/11 26/11 30/11 01/12 10/12 11/12 12/12 14/12 16/12 IRAN BATTARI PCL-131
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      997 41 |Vii|BmW2|jl| WMld,f MrMt c ,u t0 KaiM c* Na *oy" (7 D«y*) T*ky« Mys) "*£?il!rao3 Q(^^^uTTiisMr^o!!sn!s!?r~~" I n minS lEIL, i M SAUS/IKGS 4205R57/60 INWARD DCFT (0/0) *****55 COSTAR AGENCIES (M) SDN BHD /H T/SHPMT DIPT 420M2S TtL 5 3IIU Stf: fr2-^3SMI7O mxZ/mni 71/11 7VII 77/11 Sii Im */W X*
      997 words
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      865 41 EUROPE EXPRESS SEBVKS EXPORT IMPORT iar, Ijwl Ijwl Ij«, IjwJjii. nmMisw :oi6w Mfii-irfil-ilfjl-sTii g?j? gflf fifl fifl illy Iffill 1m? if/j? g<l? jo*_ ff/jji Iffiz ffil! os>i i loowzw-itTn—H>H-M'/II tlvi* Kur "MOtS TOt WOK: fHBMVtH 60VC»t tTHTHttWt VU HMII) AOTWttf WBI TRANSPACIFIC SERVICE EXPORT CT AIPNA 009IKITA INN 20/11 i
      865 words
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      1379 42 I EUROPE/UK/SCAMDINAVIA/FINLAMO/RUSSIA I SfiP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PH. SGP E DAINTY RW 013 *1/11 09/12 14/12 10/12 12/12 13/12 14/12 E ROUND RE-039 28/10 29/10 3R/1B 19/11 ■E. DYNAMIC RW-007 20/11 10/12 21/12 17/12 19/12 20/12 21/12 E RENOWN RE 030 04/11
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      984 42 YVi~~ ADVANCE CONTAINER LINES (PTE) LTD Ml L- TEL: *****21. FAX *****19. TEL£X :RS ***** ACLPL FOR BOOKINGS PLEASE CAU: *****22 SALES A MARKETING *****2121 OPERATIONS *****60/ *****06 CR NO **********0E BANGKOK U.iHwt/W* JAKARTA •(7 lnumWK) VBgL VOT SM UK VESSR VOY I' SW JKT YANIRA BHUM (PAT) 3)N 18/11
      984 words
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      442 42 "ij. SO TEL OK BLANGAH ROAD #02-02 OTTORT CENTRE STORE M 0 TEL: *****11 (6 lines) F*X: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOY ETA ETO OESTMAHON MMUKWA 4M9 vnm imi« PW FMOANC/wlmuw mm* UMAHUI IW9 21H159 22/11 M MALAYSIA PORTPONTIANAK NMtKWA 41» 25/11« 2&11« MUNTOK •MMOM42» 2*ll®
      442 words
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      449 43 HMk MYANMA pBHk FIVE STAR LINE (Myamrar National Line) v loading for Yaagoi (Rangoon) VESSH VOY SIN PU PEN PGU MONGU 28W 21/11 MAWUMTINE S7W 10/12 MALAYSIA AGtMTS: lOUSTUD SHIPPING AGENCIES MIL IH (03)*****00 PU: TH (03) *****01 PEN: TO (04)2****** PGU: TH (07) *****21/4 BANK LINE (A service of
      449 words
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      1214 43 HMk HYUNDAI MERCHANT MARINE CO., LTD. Ivissa voy I 58» 1 sou |i» ebb ant I ham Iml a vtssa vot sou |ia I rim lam I ham I mtv I n ai" OANUK S44W 11/11 06/12 11/12 08/12 00/12 HYAHMUU. 3221 25/10 30/10 27/10 28/10 11/11 IY* 531W 10/11
      1,214 words
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      1172 43 WALIENIUS WiLHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICT VESSEL VQT »AW HEIGHT SIN I UU CKL QUA SAV RAi. Off NTC NEW MOB TEXAS AHIO 4001 MS 6.3 M 26/11 25/12 03/01 06/01 01/01 10/01 11/01 13/01 17/01 19/01 TOOA AMI 1 4001 m 6.3 M 12/12
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      1869 44 VESSELS WY I PKL I JH) I MLA LEH RTM HAM ZEE SOT VILLEDe VWQO S3«M 23/11 24/11 08/12 07/12 IVI2 IVI2 17/12 IWI2 SAUDI JEDOAH tOm 28/11 30/11 08/12 14/12 19/12 2tyi2 22/12 24/12 2M2 SAUOUUBAA. jgg 07/12 08/12 16/12 22/12 27/12 ~28/12 30/12 31/12 02/01 VXEtypWON Y34W 15/12
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  • Article
    Lock icon SHIPPING GUIDE
    18905 45 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Mime Name Number Number SIN Oestn Name Name Number Number 02/12 27/12 Kien Hung JUSTICE CONTAINER JC9I4S 65 *****33 To ABIDJAN (ABJ) 2003 Cote D'lvoire oe/12 02/01 csav ise 021s 45-*****55 26/11
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      58 45 m NEW BREAKBULK SERVICE mm% tmmm *Mwm Wuid —<d Cuimimi For Complete RHMM|9|M Schedules Information See PACC CONTAINER LINE Turn To Pg 5 on Pgs W FR. MEYER'S SOHN IMflflßH SPECIALISTS IN Dedicated Forest/Paper Machinery EAST MALAYSIA products Heavy Lift Service Container Project Crosstrade Turn To Pg 14 every Mon/Wed/Fri
      58 words
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      51 47 STa£~fc Dial 740-6000 on demand! —(Retrieve more schedules!) Press "1" JTV Select the port and key in sT Bfcl the four digit code —eg: To New York (NYC) 2275 ST*) Key in your fax number I your phone number Another innovative service offered by CT The document Will be Shipping
      51 words
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  • SHIPS IN PORT
    • Article
      Lock icon CONVENTIONAL WHARVES
      630 49 V«u* Voy Wo Btrth Arrival Departure JMiftrt Pacific (Jiory 2* J12 17/11/1:20 17/11/13:00 Situ 18/99 J16 I7/n/7:K> 8/11/7:00 tC*kor *****9 J12 17/11/7:55 17/11/19:00 "»»M*a *****9 J02 17/0/5:25 17/11/23:00 Ca* Mr2 ***** J01 17/11/9:30 17/1V23:59 #»**4 ***** J01 17/11/840 17/11/23:59 Wrunto 22 PrwB7 J16 17/n/8:05 18/11/6:00 *■>Uc98 JW 17/11/7:20
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      Lock icon CONTAINER SCHEDULES
      1785 49 RgCOVHK Of EXPOtT Fa COWTAWERS AND LCL CARGO Boofclng/Bttenct Rstts SWp Voy Mo Etb/Btr Nrto« Frew* To From ACI DMU 0194 8/700 B/BM B/BM B/BM i* n/mx> it/mm 17/moo a M/iToo ir/ouf ir/owo 3 17/0700 17/1199 17/MOO 4 17/1200 17/MM 17/1700 AH LOTUS 23 19/3:00 N/BM B/*99 *1900
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      Lock icon GLOBAL HOLIDAYS
      98 49 Nov 23 Japan: Labour Thankgiving Day. Rnra United States: Thankgiving Day. Dm 8 Italy: Immaculate Conception. Dml Brunei: First Day of Fasting. Dm 28 Japan: Emperor's Birthday. Dm 25 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France:
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      Lock icon COCKETT BUNKER MARKET REPORT
      753 49 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranees in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on steed stem Market movements are indicated. The Cockett Bunker Price Index change and the Individual
      753 words
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      Lock icon VERITAS BUNKER QUALITY REPORT
      346 49 CvtM MO Mu 9912 12 17J 0.11 79 049 Bmm*T Mr kiUM AM UibIiI.bi Sifcil Ho Mow E25 1 1 D I 0 IM 300 Aw 904J 0J 33.5 0.07 24 0j02 torn 300 Ho 993.4 0.7 II tl2 54 0.04 man %tn »mi mm mm*
      346 words
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      49 49 i v) v) Cairo or Congo. Sailing sched u 1 e st o Th e Afri c a n Continent. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 60 00. Another innovative service offered bv i i. i I HI 111 MMX||\|| s SIIIITIVi Timks
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      18 49 The Straits Times CLASSIFIED Where buyers and sellers meet Find the perfect Item at a garage sale. CATS.
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  • AIR & LAND transport
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      Lock icon WTO deal seen to have little impact on China airlines
      492 50 Shipping may gain more from increase in trade than air freight: analysts Reuters [HONGKONG] The Sino-US pact on China's World Trade Organisation entry is unlikely to trigger a sudden surge in business for Chinese airlines, whose shares have risen on
      Reuters; FILE PHOTO  -  492 words
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      Lock icon US delays FBI takeover of EgyptAir 990 crash probe
      575 50 AXRLDfE PROBES Bloomberg [WASHINGTON] The US National Transportation Safety Board delayed plans to hand the probe into the crash of Egypt Air Flight 990 over to the Federal Bureau of Investigation after the Egyptian government asked for more time to analyse
      Bloomberg; FILE PHOTO  -  575 words
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      Lock icon Qantas incident: pilot or system error the cause, say Thai authorities
      429 50 Aussie carrier still trying to find oat what happened AFP [SYDNEY] Thai authorities have cited pilot error or possible mechanical failure as the reason why a Qantas 747 overshot a Bangkok runway, but the Australian flag-carri-er yesterday said it
      AFP  -  429 words
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      Lock icon No talks to buy 40% of Virgin: Air France
      182 50 Bloomberg [PARIS] Air France SA, Europe's third largest airline, denied a report in the Times that said it is in talks with Virgin Atlantic Airways Ltd to acquire 40 per cent of the UK's No 2 airline. The spokesman also denied
      Bloomberg  -  182 words
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      Lock icon Swissair gets EU nod for stake in S African carrier
      241 50 Bloomberg [BRUSSELS] SAir Group's Swissair AG, Europe's fifth largest airline, won European Union approval to purchase 20 per cent of South African Airways, boosting its share of the market for flights between Europe and Africa. The European Commission, the EU's
      Bloomberg  -  241 words
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      Lock icon Regional Canadian carriers get bid from CIT Group
      263 50 Investors propose merging the four regional airlines Bloomberg (OTTAWA] A group of investors led by former airline executive Robert Deluce and lender CIT Group Inc proposed acquiring and merging Canada's four regional carriers. The investors, which include Ron Joyce, the founder of
      Bloomberg  -  263 words
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1784 50 on njcwT ro maw n» *24*78 «so so2ooe 2359 M8M8I a>W4 oec M2007 km MlllMi 8*7381 1930 8*7382 2050 BA7 i°* orai mo ofi2 2050 AN8229 2230 **■<■ SOW* BO S8990 DBS LH6380 2230 f>M0H S08C3 WO C23S2 0835 $0229 2230 CZ353 2045 S0804 JOB Amsttfttam
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