The Business Times, 9 December 1999

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Total Pages: 46
1 46 The Business Times
  • 13 1 THE BUSINESS TIMES Mi™jm06i12/98 85C SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY, DECEMBER 9, 1999
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  • 59 1 Dsn 236L33 (+51.46) BT-SBI 887.42 (+15.75) flsmsanmjiEs U mso (+7.90) STOCK HABKET INDICES iV Wednesday Change 725J8 4*8 NIKKEI 18,***** 1K.7« HANG SENG *****18 -8171 SET INDEX ***** -Ml JAKARTA OOfMP _I»J8 -M7 COMP 1511-10 41J2 fAIPEl WP1 7311-K 1803 gBOCLCOMP *812 -11.60 CtSA CHINA B 740.60 *17
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  • 78 1 FOBEX KATES uss s$ IBS 1679 £(U8$/S$ per 1.629 2.734 ETRO<USS/SS/E) 1.028 1.726 DM 1903 t.882 YEN 102.8 1633* RM 1800 0.442 HKS 7.776 0516 BAHT J8.a9 0.044 RUPIAH 7,222 0.023 'Stto MO units PUKE KATES SINGAPORE* 5.80 KUALA LUMPITI 7 .25 JAKARTA 40.00 BANGKOK 10 00 MANILA 11.00
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  • 724 1  -  I :j i exclusive It'll give a cnt of phone charges to ISPs; move likely to further stir telecom industry By i Catherine Ong [SINGAPORE] Star Hub, Singapore's newest telecoms operator, will share usage revenue with Internet Service Providers (ISPs) which direct Internet
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  • 570 1  -  Instead, company fine-tunes its other proposals From Eddie Toh in Kuala Lumpur NEGRI Sembilan prince Tunku Abdullah has shelved his proposal to exchange frozen Malaysian shares formerly traded on Singapore's over-the-counter market Clob In- ternational for units in a closed-end fund and
    FILE PHOTO  -  570 words
  • 688 1  -  Rally being powered by a few bine-chip bank and tech stocks Ven Sreenivasan [SINGAPORE! The benchmark Straits Times Index continued to hit new highs yesterday, but the Singapore market's current rally has been powered by a small group of blue-chip
    Source: Primark Datastream  -  688 words
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    • 87 1 nrsmE Top stories OECD paints reassuring picture of Japanese economy. Next Pago Nat Steel Electronics and Taiwan's Accton Technology in tie-up. Pg 4 Kim Eng returns to the black with $47.2 m first-half profit. Pg 5 PacNet counts the cost of meeting the competition. PgB Nokia is Europe's top company
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    • 37 1 EXECUTIVE SUITE U\UDSCAPE What's in? What's out? Page 28 PaoNet counts the cost of meeting the competition, Pg 8 MOIO H I N G L .Hi The man n*- %^VS- V Vn A 1 cars P.iqt? 31
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    • 67 1 TroabUnff local parallels with Wall St, Pg 4 Market comment, Pg 6 Charfhan New Beta Titanium Collection '%^9H| i-^R? iiiii V --i '^2 Ip n rgw mf x-|§g tR, *sf. *v' ?H > i t:■■.^p 3^S 9 i '?.Z%>?'%.. i e* f». HiPi m Jjp- W'' |j| '"*%f I j
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  • NEXT page
    • 703 2  -  It forecasts growth of 1.4% this year and next, Q3 contraction notwithstanding hYont. Anthony Rowley in Tokyo FEARS that Japan's economic recovery may have been derailed by a contraction in third-quarter growth were squelched yesterday by a report from the Organisation for Economic
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    • ON THE grapevine
      • 70 2 THERE are so many en bloc sales going on in Balestier, many of them slow-moving, that a property consultant mused that perhaps the owners of the various properties in the area should consider teaming up for a precinct sale. "That will change the entire
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      • 92 2 IT seems not all wives are equal in Singapore. At an Arthur Andersen seminar on succession planning, one participant said Singapore Immigration, after much toing and froing, finally recognised the common-law wife of an expatriate and gave her dependent status otherwise the company would have lost
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      • 223 2 CHINA'S entry into the World Trade Organization may have caught the fancy of most observers, but not economist Marc Faber, sometimes known as "Dr Doom" for his bearishness. An old China hand who resides in Hongkong, this savvy market spectator thinks that contrary to conventional wisdom, China's
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      • 91 2 AN increasingly competitive world is creating more mergers and alliances between companies. But as someone pointed out, corporate names have consequently become so complicated that one can hardly recall them. For example, following British Incepta's acquisition of public relations firm i.Mage, the latter now goes by Citigate
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      • 100 2 THE business cards of new telecoms-ISP provider Star Hub show the name, department and contact numbers of its employees, but not the title of the person. We do know that the top gun at Star Hub is Terry Clontz and the general manager of Star Hub Internet
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    • 612 2  -  US inheritance tax at np to 55% also applies to foreigners By Siow Li Sen [SINGAPORE] With e-trade in international stocks gaining ground here, few investors are aware that it could be a potential tax trap, a succession planning seminar was told yesterday. Say
      612 words
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  • FOCUS KL bank mergers
    • 681 3 RHB Bank, MRCB spat highlights pitfalls as financial bodies scramble to send plans to central bank Reuters A PUBLIC quarrel has broken out between Malaysia's third largest bank and a politically powerful shareholder over a merger plan, raising new questions about the nation's
      Reuters  -  681 words
    • 497 3 Bank Madura chief 'can't recall' getting Perwira Affin's proposal Bloomberg [KUALA LUMPUR] Multi-Purpose Bank Bhd has submitted a new plan to become an "anchor bank" in Malaysia's crowded financial services industry. With Multi-Purpose's plan, Malaysia's 68 financial institutions will be grouped under nine
      Bloomberg  -  497 words
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    • 61 3 I jpPPP"- I V "S CONCORD m Time is a luxury. THE CONCOtD JMWFSARIO** CHRONOt**A f h«- COS*. vv.n. .%v v'.>. Vr .o «0 Of, A $ti.ON."! «nstANttss S'Ht ok :e ooir> W 7 34 3*3.! *av /?4 A< So*»/73?#66e CortmaWalcfeC«*.c V 23* COM. 3.W *!*5'7.U Dew u Nonklng WotcK
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  • SINGAPORE companies
    • 531 4  -  IN THEirffyngffTTTji^M Deal gives it design capability and access to customers in networking market Jennifer Lien NATSTEEL Electronics (NEL) will tie up with Tai-wan-listed electronics manufacturer Accton Technology Corp in a deal which could bring in a "conservative" US$l billion (Ssl.7
      FILE PHOTO  -  531 words
    • 739 4  -  locksiew r sivanithy ONE of the most glaring things about the current stockmarket rally is that it comes at a time when Wall Street isn't providing much by way of leadership, at least not as far as the Dow Jones Industrial Average
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    • 367 4  -  They'll co-develop technologies to produce chips for Ericsson from 2001 By. Jennifer Lion CHARTERED Semiconductor Manufacturing and Sweden's Ericsson AB have agreed to co-develop two chipmaking technologies which will make Chartered a high-volume producer of Ericsson's chips. Volume production for chips using the radio-fre-quency (RF)
      FILE PHOTO  -  367 words
    • 579 4  -  By Carol Eng PROPERTY stock prices have recently lagged the general market, but analysts say the sector has upside potential next year as more property launches take place and the economic recovery filters into people's pockets. In the market rally in
      579 words
    • 370 5  -  VISP allows a firm to provide or resell Net services without owning network infrastructure w Teh Hooi Ling WHILE Star Hub Internet, Sing Net and Pacific Internet are fighting tooth and nail over the retail market, new kid Data One yesterday came up with
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    • 398 5  -  Broking house posts $47-2mgainiiiHl compared to $7.46 m loss last year By, Andrea Tan BROKING house Kim Eng Holdings yesterday returned strongly to the black with net profit of $47.2 million for the six months ended September, fuelled by robust stock market
      FILE PHOTO  -  398 words
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    • 278 5 g 7? at j Introducing the most comprehensive website on Greater China's financial markets. uninD.ctiinaiiieb.com r m mtwi ri.M Now China presents its next resource is destined to become a virtual financial *wn»Kiim breakthrough China Web corn-a new community Recent political and commercial developments English and Chinese language website dedicated
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  • SINGAPORE markets
    • 473 6 Stocks Volume Mrnoc 47,596,000 ChuanHup20c 23.434,000 China Toll 20c 21,269,000 OUB CL eCW*****5 20,222,000 Ho Bee 5c 19,388,000 Chip EngSeng 5c 14,053,000 MediaRtnglOc 13,915,000 OCBC DB eCW*****7 13,778,000 Asia Food&Prop US$ 12,975,000 OCBC 11.372,000 Stocks OCBC 166,066,966 DBS Grp 80.044,109 OUB 61,836,000 MIT10C 36,658,585 SIA 33,478,800 SingTel 15c 30,081,036 SPH
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    • 571 6  -  I=ll comment STOCKS r.sivanithy THE local fnarket yesterday continued to be obsessed with blue chips, and bank and technolo-gy-related themes that drove the Straits Times Index up 51.46 points or 2.2 per cent to a new all-time high 0f2,351.33. The rest
      571 words
    • 177 6  -  WARRANT WATCH By R Sivanithy WITH all the attention focused on technology stocks and banks, property counters have been largely ignored. The sector is still labouring under concerns relating to oversupply, stalling prices, illiquidity and perhaps too many en bloc sales. Despite this, however,
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    • 267 6  -  HOT STOCK By Wong Wei Kong AFTER the explosive surge by DBS Group shares, it was the turn of OCBC Bank shares to take the spotlight yesterday with heavy buying pushing the stock to end at a new high. OCBC shares closed up $1.10
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    • 131 6 Thursday, Deo 9 ♦10.15 am. Singapore MMA and Acrylic Group Complex opening ceremony by Lee Yock Suan, Minister for Information the Arts and Minister for the Environment. Venue: Spore MMA Acrylic Group Complex #01-06, Jurong Island ♦spm. Fraser Neave Group of Companies to release their fullyear results.
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    • 357 6  -  I :j comment CURRENCIES larry wee AFTER dipping to US$l.O2 in New York trading, the euro recovered somewhat in Asian trading yesterday, and the South Korean won once again led gains for Asian currencies. Against the local unit, the euro retreated from key
      Source: Reuters  -  357 words
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    • 366 6 INTERNATIONAL FACTORS (SINGAPORE) LIMITED (Incorporated with limited liability in the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period from December 9, 1999 and ending on (but excluding) March 9, 2000. (a)
      366 words
    • 222 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JANCOM PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the Company will be
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    • 223 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GUINAUIT INTERNATIONAL (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50. a Final General Meeting of the above named Company will
      223 words
    • 20 6 T See your dentist Investment advice 7 You need DBS Investor Online Get the Eest Call us at 323-3955 83DBSBANK
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  • SINGAPORE companies
    • 436 7 Philippine central banker clarifies that DBS Group still working on BPI deal Bloomberg Reuters DBS Group Holdings' Thailand unit denied a newspaper report that it was bidding to buy government-owned Siam City Bank pel. DBS Thai Danu Bank pel, in
      Bloomberg; Reuters  -  436 words
    • 326 7  -  By, Jeanette Pang HSBC Trustee yesterday unveiled a solution for fund managers to outsource their front office systems and back office operations. Designed by DST International (DSTi) for the Asia market, the outsourcing solution, called FOC@S, enables fund managers to focus
      326 words
    • COMPANY Briefs
      • 49 7 THE United Overseas Bank group, through Tye Hua Nominees, has bought 500,000 shares in United Overseas Land at an average of $1,448 apiece. The acquisition on Monday brings the group's interest in UOL to 44.26 per cent, or 261.53 million shares.
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      • 49 7 PACIFIC Can Investment Holdings said its shareholders have approved its scheme to reduce the company's shares from 50 cents par value to 10 cents. The capital reduction is subject to confirmation by the High Court. Pac Can is currently under judicial management.
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      • 65 7 NICKY Tan, judicial manager to MHE Holdings, said its Japan-incorporated associated company, Hisec Company Ltd, was placed under Uquidation on Aug 11,1999. The company owns 30 per cent of Hisec's issued and paid-up capital of 15 minion yen (*****,500). The Uquidation of Hisec is not
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      • 98 7 MAI NBOARD-listed Excel Machine Tools yesterday announced that it has been awarded two orders valued at $7.6 mUlion for various types of machine tools. One of the orders was to supply $5.5 minion of Computer-Numericany Controlled machine tools and robotics to a Thai University
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    • 80 7 AFX-Asia SINGAPORE Technologies Engineering Ltd said a dispute with a European party which had threatened to make a $275 million claim against it has been amicably resolved. ST Engineering, which had not made any provision for the potential claim, said it would not
      AFX-Asia  -  80 words
    • 426 7  -  It cites strong demand in all major geographical markets i¥ Ling Su Ann MARKET darling IDT Holdings yesterday reported a healthy 42 per cent rise in net profit to $22.5 million on an 18 per cent rise in revenue, beating the consensus
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  • Page 7 Advertisements
    • 179 7 Yirt fawiMvtlHii JEC Free Network Setup Service (worth above $500) for Purchase of 3 or mora Computer*. W Promotion ends 31st December 1999 |S Options: (Price* Incfoda 3% GST) I MH 1 MSWMtWoriutatkxi l Modal: C 433 (64M8) $1328 lm LU •Modal: PHI 500 (64M8) $1628 ffrTijpi I 2. MS
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    • 64 7 A•* N -'WM' HaRT f mHBL ill MMgMWfc Younever PATEK PHILIPPE actually own a Patek Philippe. geneve —«U* You merely look after it for the next j|UP generation. The Annual Calendar. The first self-winding annual calendar watch with power reserve and moon-phase. Begin your own tradition. Men's Annual Calendar ref
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  • SINGAPORE news
    • 492 8  -  PH Goh, Obuchi also agree to look into drawing np bilateral free trade pact From. Eugene Low in Tokyo FOLLOWING the collapse of the latest round of trade talks in Seattle, Prime Minister Goh Chok Tong and his Japanese counterpart, Keizo
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    • 420 8  -  p:ll exclusive Its plan will also depend on Sing Net's reaction, says CEO Teh Hooi Ling NASDAQ-listed Pacific Internet expects its response to Star Hub Internet's free surfing plan to cost as much as what Sing Net's toll-free deal did, which is
      420 words
    • 301 8 THE Monetary Authority of Singapore (MAS) yesterday announced the appointment of civil servant Lam Chuan Leong and lawyer Philip N Pillai to its board of directors for two years, effective from Jan 1. It also announced the reappointments of Deputy Prime
      301 words
    • 252 8  -  ornn^econom^| prices By. Audrey Tan WHOLESALE prices rose yet again in October, driven up by the rise in global oil prices. Latest figures from the Department of Statistics (DOS) show that the domestic supply price index rose 8 per cent from a
      Source: Dept of Statistics  -  252 words
    • 628 9  -  I-li comment TECHNOLOGY Communication between machines will be the rage kenneth james AT 6 o'clock on a Saturday morning a businessman calls a taxi service's booking line, and a cheery voice answers. The conversation goes like this: "I'd like a cab to
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    • 368 9 HOW do you gauge if your office cleaners are doing a good job? Commercial building owners can now refer to a "technical reference" to assess the services they are buying, thanks to a Ministry of Manpower-driven plan to professionalise the cleaning industry. Manpower
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    • 375 9  -  i'-ii exclusive Venture fond takes 7.6% stake, valning WizOffice.com atslosm fty- Andrew Wee A JAPANESE venture capital group has pumped $8 million into Singapore-based WizOffice.com Pte Ltd for a 7.6 per cent stake, valuing the four-month-old dot-com company at $105 million. Hikari Tsushin
      FILE PHOTO  -  375 words
  • Page 8 Advertisements
    • 144 8 Travel hasn't lost its magic Master Geographic dl\/ With its sC®~7\ ingenious fa system for displaying a. multiple time zones, the Master Geographic is in a world ot its own. Just select a city, and the time on the subdial adjusts immediately The complicated automatic movement, created entirely by our
      144 words

  • Page 9 Advertisements
    • 132 9 When a new Reverso emerses, there's always something behind it I -vbhbhhhhhhhhhhmmvnmimmwimmnmiiiiiiiiimlh a I JJ iiihi bk 11 m Ifl mm I i -,«»4tfftBIV!fKV^B«!I•#3fHHSWP?2!? v# SB Bi ill 1 J <■■ I |H fc B Ka H til I flf I D| f V Reverso Gran' Sport The enjoyable side
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  • EDITORIAL & opinion
    • 812 10  -  mm bottom line OPINION harish mehta The writer is BT's Bangkok correspondent THAILAND'S opposition parties are again ganging up against the eight-party coalition government of Prime Minister Chuan Leekpai. Next week, they will table a no-confidence motion in Parliament. It is a sad comment
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    • 97 10 'You cannot have labour rights if you do not even have a job.' designated next head of the World Trade Organization (WTO), on disputes over labour standards and the environment. This is a carnival against capitalism.' Leone Rdnbold a representative of Direct Action Network, the coalition that
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    • 654 10 EDITORIAL ITS a known fact that central bankers will have a busy time this year-end —they must ensure that Y2Kinspired hiccups do not mess up their local payment systems. But currency markets seem determined to give a couple of the world's most powerful central banks
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    • 854 10  -  False stereotypes that popularise idea that the political system is corrupt are unhealthy By Robert Samuelson The Washington Post Writers Group THE most revealing thing about political scientist Jeffrey Berry's recent book (The New Liberalism: The Rising Power of Citizen Groups) is that
      The Washington Post Writers Group; FILE PHOTO  -  854 words
    • 784 10  -  COMMENTARY Activists who make a difference work with multinationals and consumers By Thomas Friedman NYT NOW that the Seattle World Trade Organization (WTO) summit is over, we can ask: Was it a turning point, or just an exclamation point? That depends entirely
      NYT  -  784 words

  • Page 11 Advertisements
    • 228 11 mm Pacific Internet®! r r* r ri rJ r —r- r-J (J r- r- cents a day, you can get N| an internet account from the Best Internet Service Provider in the Asia Pacific. So why settle for less? The fact is. we have been voted Best Internet Service Provider
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  • MALAYSIA news
    • 436 12  -  It cites impressive recovery and restructuring efforts for 888 foreign currency rating; others seen following snit From Diana Oon Abdullah in Kuala Lumpur FOLLOWING Malaysia's economic resurgence, ratings agency Fitch IBCA has upgraded the country's long-term foreign currency rating to 888, bringing it on par
      436 words
    • 268 12 KUALA LUMPUR AFP THE formation of a new government in one Malaysian state has been delayed amid speculation of opposition to it from the local sultan, reports said yesterday. The official Bernama news agency said several members of the state assembly in Negri
      AFP  -  268 words
    • 134 12 KUALA LUMPUR Bloomberg MALAYSIA'S foreign exchange reserves fell 0.9 per cent to U5530.15 billion (5550.7 billion) on Nov 30 from two weeks earlier, the central bank said. The reserves fell US$26 million in the two weeks after Nov 15, said Bank Negara Malaysia.
      Bloomberg  -  134 words
    • 341 12  -  Company aims to be biggest st ockbr oking house in M'sia fiYom Ruth Wong in Kuala Lumpur IN its bid to become Malaysia's biggest stockbroker, OSK Holdings Bhd yesterday bagged yet another brokerage by agreeing to buy the entire stockbroking business of Ipoh-based Premier
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    • 457 12  -  The unit of debt-ridden Time Engg will continue negotiations with keen parties, confirms three offers received From Diana Oon Abdullah in Kuala Lumpur TIME Telekom, the main subsidiary of debt-ridden Time Engineering, will continue to negotiate with potential suitors until it is
      FILE PHOTO  -  457 words
    • 78 12 KUALA LUMPUR Reuters MALAYSIA'S Tan Chong Motor Holdings Bhd yesterday said that Kuala Lumpur Stock Exchange has given in-principie approval for listing of APM Automotive Holding Bhd and Warisan TC Holdings Bhd on the main board of the bourse. In October,
      Reuters  -  78 words
    • MARKET moves
      • 98 12 SHARES of Malaysian plantations stocks rose yesterday on news that European buyers were boycotting Indonesian crude palm oil because an earlier Indonesian shipment of some 85,000 tonnes was found to be contaminated. Market watchers said Malaysian palm oil exporters could benefit from this development
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      • 72 12 SHARES of Maybank rose after the central bank governor said two days ago that Bank Negara had received merger proposals from some six different groups, and that he expected more to come before the end-January deadline. More banking groups will be good news for Maybank because
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      • 149 12  -  Compiled by Ruth Wong FINANCIAL group RHB Capital's shares fell yesterday after Malaysian Resources Corporation Bhd (MRCB) said it would file a protest over RHB Bank's merger plan Two days ago, Bernama quoted MRCB chairman Abdul Rahman Maidin as saying that it would oppose
        149 words
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    • 1259 12 NOTICE OF MEETING OF BONDHOLDERS GOLDTRON LIMITED Trust Deed dated 7 April 1995 ("Trust Deed") Between the Company and HSBC Trustee (Singapore) Limited ("the Trustee") constituting 5548,420,000 6.75 per cent. Convertible Bonds Due 2000 ("the Bonds") NOTICE IS HEREBY GIVEN that a meeting of Bondholders under the provisions of the
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  • Page 13 Advertisements
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  • SOUTH east asia
    • 504 14 JAKARTA He asks MPs for support, says revelations may hit powerful people Reuters, Bloomberg INDONESIA'S chief economics minister, Kwik Kian Gie, vowed yesterday to reveal more banking scandals in the government's drive to battle corruption. Mr Kwik asked for support from members of
      Reuters,; Bloomberg; FILE PHOTO  -  504 words
    • 574 14 MANILA Recovery could take place in Ql, Q2 if bills pass, says Deutsche Bank Reuters INVESTORS hoping for a turnaround in the moribund Manila share market may have to wait until next year, a foreign fund investor says. Philippine stocks, the worst performers among Asia's
      Reuters  -  574 words
    • 289 14 TELECOMSIII.MmiLmi.I.W Reuters [PHNOM PENH] Cambodia wants to sell up to 70 per cent of its telephone system to the private sector and will invest the revenue in infrastructure projects, Prime Minister Hun Sen said yesterday. "We have a policy of
      Reuters  -  289 words
    • 119 14 JAKARTA AFP THE Indonesian government is committed to divesting its majority stakes in the telecommunications sector as early as next year, State Enterprises and Investment Minister Laksamana Sukardi said yesterday. Mr Laksamana told a business seminar here that the sector must boost its
      AFP  -  119 words
    • NOTE Book
      • 91 14 Bloomberg [BANGKOK] Thailand's bad loans fieU for the fifth month in October, dropping to 43.8 per cent of all credits, from a revised 44.7 per cent in September, as banks and borrowers restructured more debt, the Bank of Thailand said. It said
        Bloomberg  -  91 words
      • 79 14 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd yesterday said its wholly owned subsidiary has increased its stake in Digital Phone Company Ltd of Thailand to 48.99 per cent from 46.99 per cent "The additional stake comprising 0f21,607,821 shares of 10 baht each was acquired
        Reuters  -  79 words
      • 69 14 Bloomberg I JAKARTA] PT London Sumatra, an Indonesian plantations company, may have understated charges, inclusion of which would have almost doubled the nine-month loss it reported, independent accountants said. The company's practices do not conform with generally accepted accounting principles, and "raise substantial doubt about
        Bloomberg  -  69 words
      • 46 14 Reuters {JAKARTA] Indonesia's President Abdurrahman Wahid yesterday announced plans to visit two of the most troubled regions. He would visit the strife-torn Moluccas this weekend and travel to the far-eastern province of Irian Jaya to see in the new millennium. —Reuters
        Reuters  -  46 words
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    • 1991 14 I ior I IDT HOLDINGS (SINGAPORE) LIMITED I (Incorporated in the Republic of Singapore with limited liability) I IDT HOLDINGS (SINGAPORE) LIMITED is an holding company with subsidiaries engaged in the design, engineering, manufacture and marketing of consumer electronic products which principally feature LCD and microprocessor applications I Group Financial
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  • Page 15 Advertisements
    • 232 15 rt outsit the c Star Award Winner Ms Lilian Tay, Counter Services Supervisor Once again Comfort's stellar performance has won it the Star Award in the Excellence Service Awards. Recognition for the best service also resulted in a haul of 14 Gold Awards, more than double that of their nearest
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  • EAST asia
    • 441 16  -  Company says success of telecoms and multimedia arm i-Cable has helped it diversify From Quak Hiang Whai in Hongkong PETER Woo's Wheelock and Company yesterday unveiled a 31 per cent jump in interim earnings and continued to defend the market potential
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    • 313 16 HONGKONG Bloomberg, AFX-Asia MOST of the individual investors that bought the Hongkong government's indexlinked Tracker Fund (TraHK) last month were first-time buyers of funds, the Hong Kong Investments Funds Association said. The fund was created from a small percentage of the
      Bloomberg,; AFX-Asia  -  313 words
    • 224 16 HONGKONG Bloomberg US telephone company AT&T Corp is in talks to sell its dialup Internet access service in Hongkong, as part of a strategy to focus on trans-border services for multinational companies. The company said it's reorganising its units
      Bloomberg  -  224 words
    • 246 16 BEIJING AFP CHINA has raised its tax rebate quota for exporters to accelerate exports, state media said yesterday. The State Administration of Taxation has raised the quota by 6.6 billion yuan (Ssl.3 million) over the previous quota of 57 billion yuan, according to
      AFP  -  246 words
    • SINO Briefs
      • 49 16 Bloomberg [HONGKONG] Income Partners Asset Management Ltd, a Hongkong-based fixed income fund management company, is setting up Asia's first Internet business for trading and researching the region's bonds. The new company, called asiabondportal.com, went online last Thursday and will open next month. Bloomberg
        Bloomberg  -  49 words
      • 59 16 AFP [MACAU] A worker erecting scaffolding as construction work on Chinese figures is carried out at Lake Nam Van here on Tuesday ahead of the upcoming handover ceremonies. The handover of Macau to China will take place cm Dec 20, ending more than
        AFP  -  59 words
      • 65 16 Bloomberg {HONGKONG] CCT Telecom Holdings Ltd said yesterday that it's seeking US$5,OOO (558,400) per subscriber from China Unicom, China's No 2 telephone company, as compensation for early termination of its mobile phone ventures in China. China United Telecommunications Corp, known as China Unicom, is seeking
        Bloomberg  -  65 words
      • 82 16 Bloomberg [BEIJING] Motorola Inc, the world's No 2 cellular phone maker, said yesterday that it had won six contracts valued at a total of US$22B million (Ss3B3 million) to upgrade oellular networks in China, providing capacity for another &3S million subscribers by July 2000. The
        Bloomberg  -  82 words
  • Page 16 Advertisements
    • 151 16 v™. SIEMENS There is more to us than meets the eye. Though the 'how' is not always immediately apparent, the results are obvious. •< As a global knowledge-based company and systems integrator, we are well-poised to meet today's demands for knowledge-intensive solutions. At Siemens, we focus on bringing innovations in
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  • SOUTH east asia
    • 673 17 MADRAS Focus oo tittle-known firms such as Surra Optima, Affcek and Ctast Reuters FUND managers are digging deeper into the Bombay share market in their search for high-tech gold, having already mined some of its richest seams. The funds' new targets are smaller, lit-tle-known
      Reuters  -  673 words
    • 259 17 NEW DELHI Reuters A GROWING number of Indian companies, seeking to raise their global profile, are moving to United States for a stock listing, a senior official of the New York Stock Exchange said on Tuesday. "Companies list overseas because that
      Reuters; FILE PHOTO  -  259 words
    • 204 17 POWER KUALA LUMPUR Move comes after recent changes to Pakistan's leadership AFP MALAYSIA'S power giant Tenaga Nasional Bhd will have to renegotiate its power plant deal with Pakistan following changes to that country's leadership, a report said yesterday. A team has been sent to
      AFP  -  204 words
    • 182 17 ■KATHMANDU Reuters BRITAIN'S Independent Power Corp has withdrawn an offer to buy small Nepalese state-owned hydroelectric generator Butwtd Power Co, alleging problems in the bidding process, a local newspaper reported on Wednesday. "We cannot continue with a process where Nepal ignores its
      Reuters  -  182 words
  • Page 17 Advertisements
    • 153 17 fc*w~ /M T J Jl «i^Mflfli Lwmil i r You can't judge performance by looks. However, this is an exceptional car. Some cars are great looking, and some are great driving. And then, you have the innovative technology and richly individualized interiors as well. Call today for Audi A 4.
      153 words

  • WORLD news
    • 522 18 HELSINKI Mobile phone maker overtakes BP Amoco as its shares soar &5%, boosting market cap to 203b euros Reuters THE world's biggest mobile phone maker, Nokia, on Tuesday added over 8 per cent to a remarkable 1999 bull run and overtook BP
      Reuters  -  522 words
    • 381 18  -  m SINGAPORE By 1 Teh Hooi Ling THE joint venture to be formed by Telstra and KPN, or Royal Dutch Telecom, in global mobile satellite businesses will be cash positive from Day One, said Telstra Global Satellite general manager Michael Smith.
      SIEW YAW HOONG  -  381 words
    • 371 18 NEW YORK FT NEAR real-time information on the performance and risk profile of hedge funds will be available to investors when a new service, supported by Standard Poor's and Ernst Young, launches this week. Plus Funds.com represents the latest attempt by
      FT  -  371 words
    • 337 18 FRAMINGHAM, Mass Reuters PERSONAL computer unit shipments are expected to grow by 17 per cent worldwide in the current quarter compared with a year ago, down from the 20 per cent previously forecast by leading market research firm International Data Corp (IDC). IDC
      Reuters  -  337 words
    • 543 18 LONDON They say introducing new systems will lead to other problems Reuters SOME cures for the millennium computer bug might do more harm than good. With just about every big company in the world spending millions of dollars on new equipment to thwart
      Reuters  -  543 words
    • WORLD Watch
      • 74 19 Reuters [STOCKHOLM! Swedish telecoms group Ericsson yesterday announced a strategic partnership with US software giant Microsoft to help people stay in touch via the Internet and mobile phones while on the move. Following a trade suspension in Ericsson shares, the Swedish company announced it was
        Reuters  -  74 words
      • 74 19 Bloomberg [MUNICH] Corning Inc agreed to buy the fibre-optic cable making activities of Siemens AG, including two joint ventures, for US$l.4 billion (552.3 billion), as the German engineering group focuses on more profitable units. Corning will take over 50 per cent of the Siecor Corp
        Bloomberg  -  74 words
      • 104 19 Reuters [LONDON] British brewing and leisure group Bass pic reported a 4.8 per cent rise in annual profits yesterday as the company said trading had started strongly in its new financial year. Bass, which owns Inter-Continental and Holiday Inn hotels and around 3,000 UK
        Reuters  -  104 words
      • 74 19 Reuters [MOSCOW] Presidents Boris Yeltsin of Russia and Alexander Lukashenko of Belarus, defying widespread scepticism, yesterday signed a treaty committing the two ex-Soviet republics to merging into a confederal state. But despite the signing, postponed from last month when Mr Yeltsin fell ill, there were
        Reuters  -  74 words
    • 342 19 LONDON Reckitt Benckiser says fall-year profit won't meet analysts' expectations Reuters RECENTLY merged Anglo-Dutch consumer products group Reckitt Benckiser Pic shocked investors with a profit warning yesterday, wiping almost 10 per cent off its share price. The bad news was delivered one week after
      Reuters  -  342 words
    • 453 19 SYDNEY He warns that it's too narrowly based and speculative to sustain momentum AFP THE US stock market is so narrowly based and speculative that it is poised for a fall, Australian Stock Exchange chairman Maurice Newman warned yesterday. Mr Newman
      AFP; FILE PHOTO  -  453 words
    • 260 19 NEW YORK Reuters FEDERAL Reserve Bank of San Francisco President Robert Parry joined a growing chorus of central bankers on Tuesday who see scant signs that the tremendous momentum of the US economy is waning. Mr Parry also observed that some
      Reuters  -  260 words
  • Page 18 Advertisements
    • 121 18 I AIR SALONPAS Relieves Your 01 I Muscular Pain ggm Anytime, Anywhere I Now available at I all leading pharmaceutical outlets I We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Samoa I Full nomihee, management, corporate
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  • Page 19 Advertisements
    • 194 19 25 years FACTS and FUTURE of S. E £Jt!HS§ Protective capital resources and ratio: 60 million SGD and Three technology groups and their products 37* Ratio realizable liquidity on short-term debts 1.81 1 SEGHERSbetter technology for services+machinery: technological services to the large industries. Protective capital resources* long term on fixed:
      194 words

  • FINANCE & commodities
    • 200 20  -  SGX Derivatives TraMn&Reports MSGK Singapore Index Daphne Tay, Jardine Fleming THE Singapore stock market rose from strength to strength yesterday, propelled by feverish interest in current hot favourites, namely finance and technology issues. The Straits Times Index achieved a new year-record, ending at 2,351.33, up
      200 words
    • 129 20  -  MSGE Taiwan fixtures Juliana Loo Na Na Refco Singapore THE SGX MSCI Taiwan Stock Index futures yesterday fell 2.4 points, led by banks on disappointing profits. In the earlier session, the market was pushed by Credit Lyonnais Rouse's stop order together with buying strength
      129 words
    • 346 20 ENERGY REPORT Reuters [LONDON] Oil prices fell away from recent highs yesterday as a big build-up in US oil stockpiles soothed fears of a supply shock this winter. Benchmark Brent was down 85 US cents at U5524.55 a barrel
      Reuters  -  346 words
    • 312 20 Reuters New York STRONGER THAN-EXPEC-TED German economic data briefly lifted Europe's single currency yesterday .and helped keep the currency comfortably above last week's lifetime low under parity with the dollar. For the third day in a row, Europe's largest economy reported data strong enough to suggest Germany's recovery
      Reuters  -  312 words
    • Article, Illustration
      1193 20 nTTERBAME CROSS RATES !*£l A$ C$—>Uro Tfr P» HK) Ito H **Uk Yan Won BX H2S tot »s toso S$ »M< Sfr K7S 8a>t to—4 US$ Australia 0.936 6.178 0.631 4.140 1235 4.917 27.465 45.698 0.646 7.274 2.404 1254 32.792 25.969 1070 3.924 0993 ***** ***** 0.391 0638 Canada 1061
      1,193 words
    • 1785 20 ggCOM FUTURES Dec 8 KUBKR (Mum closing at 5.30pm) RSS1 cMits/kq) CiOM VoiMM OpM Month High Low Sttt (twwi) trttrart Jan 00 H3.50 Ft6 00 115.00 WO Mar 00 118.00 118.00 118.00 600 100 Apr/Jun 00 124.00 RSS 3 CONTRACT (USwtrtsAg) VoiMM OpM Month Hlqk Low Sttt (tomi) Intactlt Jan
      1,785 words

  • STOCKS east asia
    • 2823 21 HOMGKONG Reuters El Hang Seng -83.71 HONGKONG stocks closed lower yesterday in active trade, split between profittaking in market leaders and a late rally in selected property counters and other laggard blue chips, brokers said. "This is just a bit of necessary
      Reuters  -  2,823 words
    • 2020 21 TOKYO AFP Q Nikkei 225 -112.7* SHARE prices in Tokyo fell one per cent yesterday as brokers and institutions took profits from recent gains on information technology issues, brokers said. The Tokyo Stock Exchange's Nikkei 225 Index fell 192.76 points to end at 18,401.20. The broader
      AFP  -  2,020 words
    • Article, Illustration
      970 21 Reuters U Shenzhen B Index -2^7 SHENZHEN'S hard currency B shares closed down sharply on expanded turnover yesterday as investors slashed their positions ahead of the year-end. The B share index fell 2.67 points, or 3.29 per cent, to 78.51 as turnover rose to HK$26 million from Tuesday's HK$l7.l
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  970 words
    • 348 21 AFP QWP Index -1103 TAIWAN share prices closed 0.2 per cent lower yesterday on mixed sentiment and Y2K concerns as the year comes to an end, dealers said. "Buying seems to slow down because the Y2K problem is still a major concern to investors," said Tsewang Nyima, institutional department
      AFP  -  348 words
  • Page 21 Advertisements
    • 61 21 2 a AB The lucky few are those who believe that the a thought is as precious as the gift. Now more As the season of giving rushes I by, for a lucky /U V I beyond the season. ew the moments q Montblanc Boutique Singapore: Ngee Ann City *01-34,
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  • STOCKS klse
    • 415 22 AFP. AFX-Asia Q Composite Index -0.58 MALAYSIAN share prices closed barely changed yesterday amid persistent political concerns and profit-taking ahead of the Muslim fasting month of Ramadan, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 0.58 of a point to finish
      AFP.; AFX-Asia  -  415 words
    • 8174 22 INDUSTRIALS Cmsmmt protects 1999 Last Voi Day Net Ca« Hiqh Law Company Sala 'OOO Hlgfc Lao P/C $<nM 440 255 Ajinomoto 300 )9.0 121.6 174 46 Angkasa 86 -1 11 86.5 86 126.8 404 220 Apollo Food Hlg 300 -20 3 300 300 7.1 120.0 294 115 Beriaya Land 158
      8,174 words
  • Page 22 Advertisements
    • 79 22 HOME IN ON HD*S .IfSAAiAi. f SECOND lOND ISSUE AND ~J I I BUILDUP YOU* I I tT"i. J I n *T"««»» Ortnt Lanrt Limbed I INVESTMENT POWTOUO I UTmilßl I *47 *10.000 Slum I I f%2^" n I I I I I mK/j/BBBS IPO. Shares. Bonds. Stocks. Annual Reports.
      79 words

  • SGX clob & regional stocks
    • 3207 23 BONDS WARRANTS d** e—i U m2 Lot Mm MM '■yffty 75 u» finn m mm m im M> wm c*tMii w 104 10.5 s 3160 *Ac«r ******UIS3 4n unch 27 40 40 40 40.5 33-' J J** 8J8 2 80 14.5 s 3164 Acma W*****4 33.5 1 127 34 32.5
      3,207 words
    • 300 23 AFP n Composite Index -IL6 THE Korea Stock Exchange Composite Index yesterday lost 11.6 points to 988.32. Volume totalled 275 million shares worth 4.4 trillion won. OKI Anam SaflW ***** -700 Brain Tach 1750 -105 Cantral Bank 2340 -70 CrwMComm *****0 2500 Ow Cu Bank 3320 110 Daatang Corp
      AFP  -  300 words
    • 277 23 AFP CI Manila -3L52 PHILIPPINE share prices closed 1.6 per cent lower yesterday as foreign investors continued to shun the market, analysts said. The Composite Index fell 31.52 points to close at 1,911.10. Volume was 17.91 billion shares worth 2.5 billion pesos. —AFP Naa *f- nm MRCAIHad 0.71 0.01
      AFP  -  277 words
    • 275 23 AFP QWeUmgton -14J3 NEW Zealand stocks were down 0.7 per cent yesterday on light turnover of NZ595.9 million. Financial services company Tower was the leading local light which saw the NZSE-40 Capital Index close down 14.93 points at 2,111.61. —AFP Nil «n COM) AdvantHOS 3.35 -0.15 113 Air NZ
      AFP  -  275 words
    • 584 23 AFP HmOrttMriM AUSTRALIAN shares staged a recovery to finish a barely noticeable 0.1 per cent rise after earlier sliding on the back of a fall in New York stocks overnight, brokers said. The All Ordinaries Index ended up 2.9 points at 3,108.80. The All Industrials closed 16.5 points firmer
      AFP  -  584 words
    • Article, Illustration
      779 23 AFP CI SET Index -<U1 THAI shares closed almost unchanged yesterday, shedding 0.1 per cent with overall sentiment negative amid concerns over debt restructuring and the Y2K bug, dealers said. The benchmark Stock Exchange of Thailand Index shed 0.61 of a point to close the day at 413.27. Volumes
      AFP  -  779 words
    • Article, Illustration
      685 23 AFP n Composite Index -OJ7 INDONESIAN share prices closed 0.1 per cent lower yesterday on lack of fresh incentives, dealers said. One dealer said offshore and local investors stayed away in the absence of developments to perk up the bourse. A dealer with Dinamika Usahajaya said "the market was
      AFP  -  685 words
  • Page 23 Advertisements

  • 8435 24 MAIN BOARD Transaction date: Dec 8 Cr Or M Wt 52-Wk Lift Vol Day Last Ouota w» Dlv Yld Nat Cap Avg HN> L— SIMo Company Sal* COOO) High Low Buyor Sailor C"»r p/t Mea MWTMNDUSTVY 182 17.5 m c 1000 Acma SOc 115 *2 310 117 114
    8,435 words
  • Page 24 Advertisements
    • 51 24 Multiply your wealth. IL J \g The Equity Investment Account from Citibank. Gives you credit to invest in shares and interest on your positive balance. V Sl j|f what better way to multiply your money? mJ Call 339 7126 to open an account today Or visit our website at www.citibank.cofn.sg
      51 words

  • Article, Illustration
    1899 25 Property transactions for selected districts lodged between Nov 10 and Dec 6. PROJECT NAME/ PROP CONTRACT TENURE BUIMW PWCE PSF WOP TtMUfl£ PfllCE STREET NAME TYPE DATE LAHO AflEA" STREET NAME TYPE DATE LANOAREA (SOFT) (STOOO) (S$) (SOFT) (SS 000) <SS) Dktrirt 1 <S TheParkshore Apt 19/10/1999 FH 1001
    1,899 words
  • Page 25 Advertisements
    • 77 25 f m SINGAPURA v i^l BUILDING SOCIETY LTD \i W NEED A LOAN? TAKE t 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 Factory Loan and etc. -Q-«W\ g\M AQ East Coast: 348
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  • SHOWCASE
    • 718 26  -  Shangri-La Residences impresses cobenme kttrk with its hotel-style services and spacious apartments, but interested parties have to be prepared for a one-year waiting list CORINNE KERK THE fact about homes, no matter how beautifully they are done up, is that someone has to clean them.
      SIEW YAW HOONG  -  718 words
    • 721 26 DEVELOPER DISTRICT LOCATION S£E TOTAL UNfTS MO. OF PRICE TENURE £j!£I*****HI (8qf,) LAUNCHED UNrT89C4J>' (tpaf) River Place FEO 3 HavelockRd 678-3,229 509 330 950 99-yr Tangtln View FEO 3 Alexandra Rd 872-2,282 256 152 830 99-yr Faber Crest CDL 5 Faber Heights 1,012-2,099 240 104 590
      721 words
  • Page 26 Advertisements
    • 16 26 your cue! Yowwaafcly guide to pubs and lounges wry Friday in Tlm Now Paper Fastads fastads
      16 words
    • 326 26 View Finder Project: Shangri-La Residences Dovoiopor: Shangri-La Hotel Ltd Location: Ladyhill/Orange Grove Rds No of units: 55 Unit sizos: 1,459 to 3,579 sq ft Rontal: $6,500 to $15,000 monthly 1100% Consensus By Tender at River Valley Road nr n Site area: 15,355 sq ft I Plot Ratio: 2:8 \l\ Jg
      326 words

  • COVER STORY
    • 888 27  -  Improved business sentiment should boost absorption rate to one million sq ft this year, says Christopher fossick CHRISTOPHER FOSSICK The writer is executive director of commercial agency at CB Richard Ellis THE outlook for office space at the start of the year seemed particularly
      FILE PHOTOS; Source: CB Richard Ellis  -  888 words
    • 537 27  -  Rise in consumer spending, tourist arrivals seen to encourage retailers to expand in prime shopping centres %< Joyce Khor The writer is director of research at CB Richard Ellis THE retail industry showed a marked improvement in the second half of 1999, spurred by an
      Source: CB Richard Ellis  -  537 words
  • Page 27 Advertisements
    • 103 27 FACTORY IN JURONG FOR SALE Vicinity International Road Description A single-storey detached factory with a 2-storey office annexe Tenure JTC Leasehold 30 30 years wef 16 August 1988 •Land Area Approx.7,7lB.7osqm (83,084 sqft) Gross Floor Area: Approx. 5,338.70 sqm (57,446 sq ft) Remarks Good main road frontage For any enquiries,
      103 words
    • 32 27 CBH Richard Ellis Investment Dl 5 RESIDENTIAL SITE FOR SALE BY TENDER Viewpoint Condominium to cbd orchard LOCATION ancl good LAND AREA schools Next PLANNING \jkKjMkjS3 224 8181 parameters ■■RSJJjTB HI iiHQnQfli
      32 words

  • 1326 28  -  Landlords face challenge to revamp buildings with new office hubs emerging, corporate demand for bigger floor plates and more people working from home. AMDRSATAM finds OUt ANDREA TAN A QUIET revolution is going on in the office space market. Several new trends have surfaced: the Marina Centre
    FILE PHOTOS  -  1,326 words

  • Page 29 Advertisements
    • 399 29 Where to wine, dine and entertain..." f hXi&w \1 M"" w*s» 1] I Weekday Special lunch Menu Y 4 $4.50 nett per item with FREE-CHOICE of ok afittjtn, soft dnrik oc Chin Chow with Mixed Seafood (Bean Vermicelli) I Fried Rice with Salted Fish I' Spaghetti Bolognaise lpoh Hor Fun
      399 words
    • 73 29 T V' V ~T 01 V |L |pLu *o» rt cko* ha J- X a ANNA4WKING"High-Tea Win movie tickets or a host of other attractive j movie premiums and Sir Thomas Lipton products during High Tea at The Mezzanine (fafe Bar from now until 31 December 1999. Noon to spm
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  • Page 29 Miscellaneous
    • 897 29 p T 1 ia 9.00 Tonight With Gurmit. PMmel2 ft.oo News. rrtmimu 9^o News 5 Tonight. LOO PM Response TV. 6.30 Hari Ini Dalam Seja- mill 3,00 PMTV lnnovations. 10.00 The Practice: Duty 230 TV Innovations. rah 400 Kidz Blitz: Sesame Bound. 4.00 Tarian Hidup (r). 632 Syiar Ramadan m
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    • 209 29 CRYPTIC CROSSWORD -V 1 ACROSS cealed inside (7) 1 Nurse employed by the infantry I ff 1 out-of-the-way ptea (5) is a newcomer (10) BMakjngasurtJlO) 6 Defence post (4) 9 A hst of the obvious? (8) 10 Take out and clean <5» 14 N«k* M at the start, being o<a-
      209 words

  • MOTORING page
    • 475 30  -  Motor traders' gronp offers car buyers some pointers in the wake of the Anto Asia fiasco All report® by Christopher Tan PERSUADED by the authorities to act on the Auto Asia fiasco, the Motor Traders Association (MTA) has come up with what's believed to be
      475 words
    • 297 30 BMW distributor Performance Motors will offer two renowned customisation programmes to its buyers one to raise luxury levels and the other to heighten performance. The first is by BMW Individual, an eight-year-old division of BMW Ag that specialises in catering to the whims of Beemer
      297 words
    • BUMPER to BUMPER
      • 113 30 CYCLE Carriage and DaimlerChrysler are close to an agreement on the latter's foray Into the Mercedes-Benz wholesale business here. BT understands the two are ready to make a formal announcement as early as next week. The new arrangement is unlikely to be immediately positive for
        113 words
      • 112 30 BUS operator Singapore Bus Service earmarked some $40 million as capital expenditure in its new rail business, according to industry watchers. The company has apparently told analysts the sum will be spent on new staff and premises in the run-up to 2002, when
        112 words
      • 93 30 THE Singapore Motor Show 2000 promises to be bigger and better, on account of a market piok-up in the next few years. According to organiser Motor Traders Association, Nissan which was absent last year—has confirmed participation, ft is also working to persuade DaimlerChryster to
        93 words
      • 72 30 CASTROL has struck a "nutfor" partnership agreement with the BMW Group, the lubricants maker says. The agreement includes working together in areas of RAD. Castrol will also partner BMW in its Formula One foray next year. Its lubricants will be used and its brandname will
        72 words
      • 96 30  -  OinMiiHr Christopher Tan BIDDING of car registration plates in the SDA series has begun. Owners have until this Saturday to bid for their favourite numbers from 1 to 9996, with minimum bid at $1,000. Bids must be made on prescribed forms at
        96 words
    • 742 31  -  Ford's Premier Automotive Group is almost ready to show some concrete results just nine months after its formation All reports by Christopher Tan CALL it a gestation period if you will. Nine months after the conception of Ford's Premier Automotive Group (PAG) a division
      FILE PHOTOS; FILE PHOTO  -  742 words
    • 523 31 Dr Reitzle sees more restructuring in the car industry AN interview with Wolfgang Reitzle, 50, is not complete without a detour to BMW. He was after all the most influential figure in the product development side of the business for many years. He joined
      523 words
    • 196 31 PLANS are afoot to set up a group office here that brings together Ford, Jaguar and Volvo, according to an official source. The representative office will be up by the first quarter of next year, and will coordinate administrative and logistical efforts of Ford
      196 words
    • 569 31 !»£'J track ONE of the most noticeable events of 1999 was the return of the parallel importers. Back from exile imposed hy the economic slowdown and a quick-acting Mercedes-Benz distributor, parallel importers are more active than ever, with new players elbowing in on the action.
      FILE PHOTOS  -  569 words
  • Page 30 Advertisements
    • 160 30 .-{i f i. Nt -t 7 M > :vIB B I^H f jg <v v M Bi^Hii^BßB i w' HBBH^BBBI Since its launch, the BMW 5 Series has earned worldwide acclaim by making alone as the choice of discerning drivers who refuse a clean break with conventional car design. It
      160 words


  • THE CEO speaks
    • 1542 32  -  Siam Cement learns that protectionism is not for ever. That competition will grow. And one has to be leaner to survive, reports harishmebta HARISH MEHTA AS Chumpol NaLamlieng speaks, he sketches in the air, outlining the shape of an ambitious construction project. He then points
      1,542 words
    • 330 32 THE Thai monarchy's flagship company, Siam Cement, is best known by its symbol of a white elephant encased in a red diamond, a familiar sight on advertising billboards on Thailand's highways. And yet, despite all its traditions, the company has always stepped boldly into new businesses
      330 words
  • Page 32 Advertisements
    • 228 32 UOB J p RIVILEGE BANKING f 1 ♦v'r-*y r A V X" *afei i wmw *%;im CEO SPEAKS. I ;;.f. ".^fji UOB PRIVILEGE BANKING LISTENS. v- .'-J t- >#5 mtfßßsu V t Mjß i I g At UOB PriVil6ge Banking we translate every CEO s balance of at least *****,000
      228 words

  • SHIPPING TIMES
    • 301 33 Bridge News, Reuters THE capes ize sector of the dry cargo freight market remained steady but quiet, and trans-Atlantic grain rates for panamaxes and handysizes were a little steadier than last week, brokers said. Panamax owners in the Far East were reluctant to fix back to the weaker
      Bridge News,; Reuters  -  301 words
    • 300 33 ics -:>M W BkI *b w CWT Distribution 1-25 -0.02 29 Chum Hup 0.46 0.07 ***** Cesco Investment—t-20 unch 101 Fr*MNLMks 0.31 0.01 544 08 Holdings 0.89 -0.02 40 HtfSun*e_ 0.73 0.01 193 MC H«Mings-HK —5.60 unci) 0 Java Holdings 125 0.0* 990 Jureng Shipyard 8.30 0.25 56
      300 words
    • 450 33  -  Sal—law Smith Barney expects every company it covers to seea recovery in earnings By< Ann Toh [SINGAPORE] The container liner industry is set to rebound in 2000 and 2001, following a period of dismal performance in the mid to late *****. Saloman Smith Barney
      REUTERS  -  450 words
    • 261 33 Reuters [SINGAPORE] Marine shipping company Chuan Hup Holdings Ltd said on Tuesday it bought three vessels for $5.8 million in cash, boosting its fleet to 146 ships to cater to growing regional demand for shipping. "With these purchases we are
      Reuters  -  261 words
    • 351 33 AFP [VILNIUS] A hose being used to pump oil into a tanker at a terminal broke in high winds late on Monday, spewing tonnes of oil into the Baltic Sea, the Lithuanian Civil Security Department announced on Tuesday. More than three tonnes had been
      AFP  -  351 words
    • 340 33  -  Company notes a need for greater choice of cruise holidays in region Byl Marcus Hand [SINGAPORE] With the Royal Caribbean International's return to Singapore shores last week, the company says that it is looking "very closely" at Asia and basing a ship
      FILE PHOTOS  -  340 words
    • SHIPPING rates
      • 621 34 European Shippers' Council has protested against the Taca announcement to increase rates from Jan 1 ITJ THE Trans-Atlantic Conference Agreement's (Taca) Business Plan 2000 signalling higher rates, has met with strong opposition from shippers. The European Shippers' Council (ESC), in the name of its members, has
        ITJ; FILE PHOTO  -  621 words
    • 203 34 PACE Dpk Lloyd 8 ACL Dongnama 3 ANL j ECL 4 i Accord 8 ECU Line 6 Appensh* 5 Evergreen 6 Austral 8 Foo"flS«" 8 Bala t iShpg 5 GLlnk BSA 7 Genwrtrans 6 B'tang Mm 8 Hangli 7 CCNI 7 H*n»» 3 CMA 8 Heung-A 4
      203 words
    • 17191 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone E SIN Destn Name Name Number Number SIN Oestn Name Name Number Number S 22/12 03/01 Evergreen PATSY N 478 45-*****11 To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/12 02/01 Hanjm patsy n 477
      17,191 words
    • AIR & LAND transport
      • 564 45 Data received showed 'a high level of T2K readiness in all regions': lata Reuters [GENEVA] Airports and air traffic control systems worldwide have reported that their Y2K programmes are complete and they are ready for the millennium rollover, the International
        Reuters; AFP  -  564 words
      • 381 45 Bloomberg [SYDNEY] Sydney Airports Corp, which operates Australia's busiest airport, said it plans to increase airline charges to boost returns ahead of an expected initial public offer. The federal governmentowned body, which runs Sydney's international airport and other smaller airports at Bankstown, Hoxton Park and
        Bloomberg; FILE PHOTO  -  381 words
      • 353 45 Air Canada may buy oat AMR's interests in Canadian Airiimm Reuters [MONTREAL] AMR Corp, parent of American Airlines, said on Tuesday it expects to reach an agreement with Air Canada on buying out AMR's financial interests in Canadian Airlines. Air Canada, Canada's largest airline,
        Reuters  -  353 words
      • 213 45 Reuters [AMSTERDAM] KLM Royal Dutch Airlines, Northwest and Alitalia on Tuesday announced the launch of daily non-stop US-Italy flights, due to start in April next year. The statement comes days after US regulators granted anti-trust immunity to Italy's Alitalia, allowing it to join the alliance of
        Reuters  -  213 words
      • 1768 45 CITY FLIGHT ETA FLIGHT ETD S***** 1650 MiMta BA7381 1930 BA7382 2050 »*7306 *40 0F»l 1930 0F«2 20S0 0F6 *40 A/***** 2230 FaMota SOW S40 S0990 0125 LH638C 2230 faniaTtm $0003 1910 i"7K7 0635 $0229 2230 r/m 2045 $0004 KB Amsterdam $023 0650 GA974 0J20 M
        1,768 words
      • 223 45 Reuters [ANCHORAGE] The head of Reeve Aleutian Airways says the introduction of US noise abatement rules for commercial jets may trigger a retaliatory response by Russia. "There are rumblings that if Aeroflot is not allowed to fly into cities other than Anchorage
        Reuters  -  223 words
    • LOGISTICS page
      • 504 46  -  exclusive By 2010, industry may contribute 3.5% to GDP, and create l,ooojobsayear By. Ann Toh [SINGAPORE] Putting brains above brawn, information above assets, today's logistics companies play a different ballgame than that of their early predecessors who simply moved goods around. This ballgame
        FILE PHOTO  -  504 words
      • 367 46  -  Products are targeted at business-to-business sector By\ Marcus Hand [SINGAPORE] Federal Express (FedEx) has launched a range of four e-commerce solutions targeted at the busi-ness-to-business sector. "Business-to-business e-commerce will be the sweet spot of e-commerce," said Rajesh Subramaniam, FedEx vice-president, marketing, communications, e-com-merce and customer
        FILE PHOTO  -  367 words
      • 278 46  -  By. Ann Toh [SINGAPORE] The supply chain movement in Singapore will gain pace next year as local thinktank Gintic is establishing a Singapore chapter of the US Supply Chain Council. Little known in this part of the world, the
        278 words
      • 693 46 H =9 logistics THE Internet is having a broad impact on business transactions and the logistics supporting those transactions worldwide. Industry specific portals, such as e-Steel and eGreenbiz.com, are being introduced to support vertical businesses, providing val-ue-added matching services between buyers and sellers,
        FILE PHOTO  -  693 words
  • Page 33 Advertisements
    • 54 33 Shippers oppose rate rise European Shippers' Council protests against Taca announcement to increase rates from Jan 1. p«g»2 > EDB eyes 6% hike In logistics investments MMEgpn mm Board going all out to pave way for age of virtual manufacturing, says MD Liew Heng San. Logistic* page World's air traffic
      54 words
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