The Business Times, 14 December 1999

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Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MITA(P) 046/12/98 85C SINGAPORE TUESDAY, DECEMBER 14, 1999 Internet: http://business-times.asial .com.sg/
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  • 67 1 sn *****2 (-9.12) BT-SSI M4JI (+2.43) SOfSCI FDTCSES 327 M (+0.60) IhfeOK MARKET INDICES Monday Change KLSE COMP 7«&74 +28.14 NIKKEI *****.08 -66.77 HANG SENG 16.***** +6190 SET INDEX ***** +1563 JAKARTA COMP -630.56 3.28 MANILA COMP —2,***** +73.03 TAIPEI WPI 7383.61 —+149.84 SEOIL COM P 1,013.66 4
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  • 84 1 FOREX RATES A US» S$ ISS 1679 £n r S$/SS per 1.624 1725 ElHO(l$$/S$/E) 1.015 1.704 DM 1.927 0.871 YEN 1025 1.638* RM SHOO 0 442 HKS 7.774 0.216 BAHT 38.60 0.043 RIP1AH 7.235 0.023 'St to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LTMPTR 7.25 JAKARTA 40.00 BANGKOK
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  • 714 1  -  Manufacturers' sentiment improves less than expected; plans to cnt capital spending a worry From. Anthony Rowley in Tokyo THE Bank of Japan's latest survey of corporate conditions published yesterday showed that recovery in the Japanese economy is still on track, although the pace appears
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  • 472 1  -  More setting up regional offices and headquarters now than last year Prow: Quak Hiang Whai in Hongkong FOREIGN companies are returning once again to Hongkong to set up regional operations either regional headquarters or offices after a sharp drop in their numbers
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  • 610 1  -  Site visitors earn points to buy e-commerce products By' Teh Hooi Ling [SINGAPORE] The Internet war is escalating with Pacific Internet yesterday announcing that it will pay users to go to its e-commerce portal and Web site Pacfusion.com. By dangling the carrot,
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  • Page 1 Advertisements
    • 73 1 nranMß Top stories Times Pub to be F&N's e-commerce engine. Pg4 Elec Eltek to sell entire PCB operations for US$5l6 million. I*4 Trading in Kian Ho shares suspended. Pg 3 More layoffs expected in disk-drive, shipyard sectors. Pg9 No dramatic rise in local interest rates: Peter Seah. Pg 9 Macau's
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    • 24 1 Tom Davenport, director of Andersen Consulting's Institute for Strategic Change, 3|on findings that many Americans do their cyber-shopping while at work Pa 9e 29
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    • 123 1 SIAS unveils Clob plan 6 We believe that we can work closely with SIAS and we shall be seeking to meet with them to discuss a working arrangement on their proposal for the staggered release of the Clob shares. a Bintang Melewar spokesman 4 Next Page SIAS president David Gerald
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    • 6 1 Real cost for users, Pg 4
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  • NEXT page
    • ON THE grapevine
      • 72 2 BANKS faced with the perennial problem of high staff turnover may want to consider some of the attention that HSBC lavishes on its very special cadres the 300 or so international officers out of a total staff strength of 130,000. They command such a special position in the
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      • 72 2 IT'S that time of the year for gifts and we are getting some rather imaginative goodies. From Templeton Asset Management, one BT staffer received a keychain with a beetle clock which says: "You've been bugged." Another gift from design consultants Winson Terry was a cuckoo clock with chocolate
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      • 57 2 COLLECTIVE sales may be the hottest thing in the property market now, but the idea actually has been around for a long time. As property consultancy Knight Frank put it in its hilarious calendar, en bloc sales "existed when squatters organised themselves in negotiating with landowners on compensation
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      • 69 2 PUBLIC toilets are a serious business. Serious enough to warrant an annual toilet symposium, which this year was held in Japan, where the theme was "The Toilet and the Human Environment in the 21st Century". In Singapore, there is a Restroom Association of Singapore, which among its other
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      • 110 2 WHILE some of us are hard-pressed to decide which millennium party to go to later this month, it's a different story for IT firms. A senior employee at a large IT company here told us that she has finished preparing news releases addressing every possible
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    • 1025 2  -  Plan also calls for a 12-month staggered release to allay fears of ELSE meltdown hYom Eddie Toh in Kuala Lumpur THE Securities Investors Association (Singapore) has unveiled its plan for a 12-month staggered release of frozen Malaysian Clob shares that includes
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    • 508 2  -  BT readers will decide who should get the Spirit of the Century By< Andrea Tan [SINGAPORE] The list is out. Businessman Sim Wong Hoo, nominated MP Claire Chiang, liver-transplant surgeon Susan Lim, singer Dick Lee and former weightlifting champion Tan Howe Liang have been
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  • Page 2 Advertisements
    • 287 2 JL The Hull MBA OF HULL mba (General) 27th Intake "Ranked Among Starting in Singapore January 2000 Gene^al^MßA MBA (Investment Finance) 10th Intake Dec '99/ Universities, 1999" Starting in Singapore March 2000 UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD 9 8 MBA Doctor of Philosophy in Burimm
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  • Page 3 Advertisements
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  • SINGAPORE companies
    • 577 4  - Elec Eltek to sell entire PCB operations for US$516m Sale, pricing shares at U554.55, will leave it cash-rich bat possibly without a business By. Lee Han Shih LISTED Elec Eltek International has reached preliminary agreement to sell its entire printed circuit board (PCB) operations for US$5l6 million ($866 million), a
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    • 627 4  -  TUB group cites intellectual capital, strong balance sheet for its 21% interest t¥ Wong Wei Kong DO what Nat Steel Ltd achieved with Nat Steel Electronics (NEL), that's what food and beverage (F&B) group Fraser and Neave (F&N) hopes to do with its
      ARTHUR LEE  -  627 words
    • 367 4  -  Ityl Carol Eng CENTREPOINT Properties will launch three residential development projects in the next three years, which together with Euphony Gardens, will yield $75-80 million pre-tax profits annually during the period. Two of them are in the north Yishun Emerald and Yishun Sapphire. They will
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    • 883 4  -  SKtKi locksiew catherine ong SOMETHING is wrong with the government's liberalisation policy for the infocommunications sector if the end result is that it kills off the player that has brought about lower prices, greater innovation and a higher level of customer
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    • 339 5  -  VIRTUAL WARS It denies providing link to another Web site is copyright infringement By' Teh Hooi Ling THE Catcha.com Group, which has one of South-east Asia's largest and fastest growing search engine portal, said yesterday that Pacific Internet's suit against it for copyright infringement by
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    • 342 5  -  By. Jennifer Lien CREATIVE Technology yesterday announced that it had received a mixed verdict in its case against sound-chip rival Aureal Semiconductor, and said it would appeal part of the ruling. The multimedia firm said a US district court had found one of
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    • 272 5 Ex-MD charged with CBT; auditors' report awaited SHARES of Kian Ho Bearings were suspended from trading yesterday following the charging of its ex-managing director Kwek Chee Tong last Saturday with criminal breach of trust. An announcement from Kian Ho Bearings said it had requested
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    • 354 5  -  By\ Ling Su Ann ADVANCED Systems Automation (ASA) has bounced back into the black, reporting a profit of $350,000 on a 29 per cent growth in turnover to $47.8 million for the interim period ended Sept 30. The total packaging solutions provider
      FILE PHOTO  -  354 words
    • COMPANY Briefs
      • 72 7 PROGEN Holdings said that after further negotiations with Zhejiang Products and Air-Cooling Equipment Co, the latter will be paying a higher price for the proposed sale 0f34.88 million shares of 1 renminbi each in Zhejiang Shangfeng Industrial Holdings Co. The buyer will now pay
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      • 66 7 Dl, a wholly-owned subsidiary of Keppel Telecommunications Transportation, has deployed Nortel Networks' high-performance networking equipment in its Internet backbone infrastructure to support reliable, high-speed dedicated Internet access and Virtual Private Networks services. Dl's robust Internet backbone will operate at gigabit Ethernet speed to support business
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      • 47 7 JING Chui Ltd, an investment vehicle of the Soeryadjayas, has bought 15.7 million shares in L&M Group Investments at 61.5 cents a share. The purchase brings its interest to 20.7 million shares, representing a stake of 11.18 per cent.
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    • 217 7 AFX-Asia A TOTAL of 23 companies with primary listings and four with secondary listings wiU change their foreign cur-rency-denominated shares to Singapore-dollar listings from Monday, the Singapore Exchange said. The change follows a liberalisation of conditions covering Singapore-dollar listings by foreign companies announced
      AFX-Asia  -  217 words
    • 574 7 Fond managers re-rating companies for their restructuring efforts Reuters SINGAPORE'S technology stocks are expected to remain in focus this week as they are being re-rated for their restructuring efforts, fund managers and analysts said. With more gains forecast for technology issues, the
      Reuters; FILE PHOTO  -  574 words
    • 392 7  -  By'. Eugene Low PROPERTY and trading company See Hoy Chan Sdn Bhd is buying a 50.1 per cent stake in HBM Print Ltd for $25.6 miUion, or 58 cents a share, in a deal that wUI lead to a general offer
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  • Page 5 Advertisements
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    • 8 5 Kian Ho: MD's quitting promptly announced, Pg 9
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  • SINGAPORE markets
    • 180 6  -  WARRANT WATCH R Sivanithy ELECTRONICS and telecommunications stocks have been in play for a while now. Witness, for instance, the recent performance of Datacraft, Chartered Semiconductor and Singapore Telecom. There are not many warrants on which to bank on if this continues, but
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    • 460 6 Stocks Volume MIT 10c 28.896,000 L&M50C 15,863,000 RafftesH 85c 13,763,000 SingTel 15c 10.819,000 Medtecs US5c 10.704,000 'Gentmg Int 8,684,000 MediaRing 10c 8,545,000 Mentor Media 8,532,000 Asia Food&Prop US$ 8,160,000 GMG Global 5c 7,912,000 Stocks DBSGrp 46.951,342 SingTel 15c 36,614,688 OCBC 33.445,802 SPH 31,329.553 City Dev 50c 26,249,311 MIT 10c 24.664.310
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    • 570 6  -  I =i j comment STOCKS r. sivanithy UNLIKE the previous five sessions, there was no late burst of buying to lift the Straits Times Index to another high yesterday. Instead, traders had to endure a relatively quiet day during which shares
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    • 238 6  -  HOT STOCK By Wong Wei Kong CEREBOS Pacific shares made a rare appearance on the top gainers list yesterday, after the food and beverage group finally returned to the black. Cerebos shares, which used to be an institutional favourite before it was hit by the
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    • 69 6 Singapore ♦8.30 am. ABN Amro Credit seminar ♦9.30 am. Matsushita Technology (S) celebrates its 20th anniversary ♦10.45 am. Press briefing—announcement on OUBAM and ING Investment Management joint venture ♦11am. Press conference on Tradenet Y2K by Trade Development Board ♦11am. Starhub Internet press conference ♦11.30
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    • 510 6  -  hi comment CURRENCIES Sing dollar outlook could liinffi on Y2K effects larry wee AFTER a brief flurry to the downside when Japan's fourth-quarter tankan diffusion index came through on the weaker end of expectations, euro weakness appeared to limit yen
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 363 7 KPMGSeminarSeries mmmsmmmaammmmmmmmm German Desk Talks US-GAAP Accounting of German Companies Impact of new German legislation (Kapitafaufnahmeerleichterungsgesetz) Monday, 17 January 2000,1:00pm to s:oopm, German Centre, Conference Rooms A growing number of German companies are presenting their accounts according to US-GAAP. This is mainly due to the internationalisation of capital markets, requirements
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    • 204 7 This announcement appears as a matter of record only. OUB EURO EMERGING CAPITAL CBO I LIMITED €100.75 million Collateralised Bond Obligation Backed by a portfolio of sovereign emerging markets bonds and European/US high yield corporate bonds Collateral Manager OUB Asset Management Ltd Advisor DOMINICK COMPANY AC Senior Notes Guaranteed By
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  • SINGAPORE news
    • 518 8  -  It's expected to pay total of $141 m for two freehold adjoining sites By. Kalpana Rashiwala DBS Land is understood to have edged out City Developments for two freehold adjoining sites at Angullia Park worth around $140 million. Sources say that Angullia
      FILE PHOTO  -  518 words
    • 210 8 NEW construction sites will have to hire environmental control officers (ECOs) with effect from April next year. The Ministry of Environment (ENV) announced this yesterday, saying that "a construction site with a high compliance for public health safety will not only benefit workers on
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    • 417 8  -  Japan is expected to contribute 40% of revenue next year He/xtrts by. Andrew Wee THREE Japanese companies have invested $5 million in exchange for 4.8 per cent of Singapore-based WizOffice.com Pte Ltd, adding to the $8 million a Japanese venture capital group pumped
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    • 288 8 PEOPLE INVOLVED in setting up Japan Asia Securities (JAS) Group, the Hongkong subsidiary of Singa-pore-based SHS Holdings, JAS's managing director Tetsuo Yamashita takes a hands-on approach when working with company clients. "Once I find a good company I have to
      CHRIS LOH  -  288 words
    • 394 9  -  OUB launches first euro-denominated CBO backed by sovereign emerging market bonds By] Ling Su Ann THERE will be no dramatic increase in local interest rates, though they will have an upward bias, said OUB's president and chief executive officer, Peter Seah,
      CHRIS LOH  -  394 words
    • 135 9  -  MATT.BAG Wee Piew Director and Chief Executive Officer Kian Ho Bearings Ltd WE refer to the report in The Business Times of Dec 11, 1999, under the heading, "Kian Ho Bearings MD to be charged in court today". The report stated that Kian Ho Bearings
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    • 253 9  -  Raymond Chow Vice-President Corporate Communications and Marketing Singapore Exchange Limited WE refer to Mr Denis Distant's letter entitled "Why different treatment?" (BT, Dec 7). Mr Distant noted that both Metro Holdings and Cosco Investment (Singapore) had announced share splits on Dec 6,1999, and
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    • 476 9 on the economy jobs Retrenchments are likely to accelerate in this quarter despite the better economic outlook, as more layoffs are expec ted in the disk-drive industry and shipyards, the Ministry of Manpower (MOM) said yesterday. And the risk of structural unemployment still
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  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 39 9 E-mail: btletter@sph.com.sg You can email us at btletterQsph. com.sg, fax to us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
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  • FOCUS property
    • 667 10  -  1=11 comment PROPERTY Keppel Barbour condo project's expected earnings could have been as high as $lb had group not been bogged down by woes during the regional crisis lee han shih THE Keppel group hinted last month that it might make $400 million selling condominiums
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  • Page 10 Advertisements
    • 535 10 Prime Freehold Residential Sites For Sale SERENE ENVIRONMENT AT RIVER VALLEY GROVE (100% AGREEMENT) =r-, Existing development (13 units) 1 ll 1 i Subject' Site Land area 14.057 sq ft A Plot ratio 2.8, height up to 30 storeys .JvjfejL —-H— Central location Close to CBD and Orchard Road I
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    • 324 10 MANGIS PARK PRIME DISTRICT 15 FREEHOLD SITE Big Land Area of 28£48Jsf DGP Plot Ratio 1A »P to 4-storey Good regular shape and wide frontage Close to Eunos MRT Station, Shopping centres MBiHjji > at Marine Parade and East Coast Park Near Tao Nan Pri, CHU Katong, Victoria JC Sale
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    • 62 10 PRIME INDUSTRIAL/OFFICE BUILDING FOR LEASE Property Liang Huat Industrial Complex, 51 Benoi Road Description 3 blocks of light industrial/office building Sizes Available 2.272/4,242/6,785/8,483/10,981/ 29,110 sq ft Date Available Immediate Remarks Fully air-conditioned office Ideal for light manufacturing, warehouse office use Prominent frontage Easily accessible via For enquiries, please contact Sol*
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    • 228 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NIKKO CAPITAL SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap.SO. that a Final General Meeting of the abovenamed Company will be held at 6
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  • Page 11 Advertisements
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  • EDITORIAL & opinion
    • 883 12  -  Wi\\A bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent UNTIL recently, "collapsist" theories about the Japanese economy were rife and late last week, London's Financial Times derided Japan as an "economic junkie" unable to live without regular shots
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    • 105 12 The difference is a few miles, and for Americans, with their expansive continent, it seems pathetic. But this is the proverbial olive tree. For the Syrians, to be or not to be on the water's edge is critical. Itamar R&binovich who once headed Israel s negotiations with
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    • 601 12 EDITORIAL Mercifully, Russia has backed away from the ultimatum for up to 50,000 Grozny civilians to leave the city by Saturday or become a fair target in an all-out onslaught. A new corridor out of the besieged Chechen capital has been established and refugees are
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    • 1230 12  -  Run for cover the next time someone says US is in a new era of prosperity, warns J K Galbraith By] Elizabeth Mehrun LAT-WP THE economy is thriving, boasts the president. Never been healthier, agrees US Federal Reserve chairman Alan Greenspan. Buy,
      LAT-WP  -  1,230 words
    • 704 12  -  COMMENTARY Much easier for them to fix prices or squelch innovation w William Safire NYT COMPETITION is the driving force of free enterprise. Concentrated power is the greatest danger to capitalism. Two US government watchdogs are charged with protecting competition:
      NYT  -  704 words

  • MALAYSIA news
    • MARKET moves
      • 63 13 HEAVYWEIGHTS Telekom Malaysia and Tenaga Nasional enjoyed strong buying support yesterday. Telekom chalked up RMI to RM13.50 while Tenaga gained 15 sen to RM9.10. Analysts said the buying interest in the two counters part of both the KL market barometer and the Morgan Stanley Capital International indices will
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      • 58 13 RENONG Bhd, which is closely linked to the dominant political party United Malays National Organisation, rose 16 sen to RM2.17 on news that Prime Minister Mahathir Mohamad has retained Daim Zainuddin as finance minister. Renong associate Time Engineering jumped 22 sen to RM1.36 on rumours of
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      • 67 13 MALAYSIAN Resources Corporation Berhad jumped 22 sen to RM2.65 yesterday following news that it had agreed to work with Rashid Hussain in the latter's bid to secure anchor bank status. MRCB recanted its initial objection and said it would go along with the plan
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      • 62 13  -  Compiled by Eddie Toh TECHNOLOGY-RELATED stocks continued to dazzle on the back of strong demand for Malaysian technology products. Lityan leapt 64 sen to RM4.62, MPI rose RM2.10 to RM22.40, CSA was up 95 sen to RM9.20, Globetronics gained 80 sen to RM9.55 and Mesiniaga chalked
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    • 458 13  -  Sentiment also helped by signs of continuity in govt's economic policies FYom Diana Oon Abdullah in Kuala Lumpur STOCKS on the Kuala Lumpur Stock Exchange closed at a 4-month high yesterday, reflecting what analysts said was a combination
      FILE PHOTO  -  458 words
    • 409 13 KUALA LUMPUR Successful bidder to pay np to RMB4Om, says report Reuters TENAGA Nasional Bhd has proposed a financial structure for the sale of a 40 per cent stake in Malaysia's largest power plant which would require the winning bidder to pay between
      Reuters  -  409 words
    • 370 13 m bank mergers KUALA LUMPUR MALAYAN Banking Bhd, which recently submitted a merger proposal to Bank Negara, wants to remain the dominant bank in Malaysia. "We want to be of a certain size in order to be in a dominant
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    • 185 13 KUALA LUMPUR AFX-Asia HONG Leong group unit Hong Leong Bank Bhd has begun talks with Amanah Merchant Bank Bhd to create an investment banking company, the Asia Wall Street Journal reported yesterday. The report cited senior financial executives close to both
      AFX-Asia  -  185 words
    • 453 13 KUALA LUMPUR Merrill Lynch lands partnership, sees exponential growth SUNWAY City Bhd, a member of the Sungei Way group, expects to benefit from the Singapore Government Investment Corp's (GIC) expertise and experience in property development. Sungei Way group president Chew Chee
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  • Page 13 Advertisements
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    • 26 13 prime 1 WAREHOUSE/ FACTORY SPACE I FOR LEASE I A Z Building f For details, please call owner Telephone I 437 6853 437 6872 534 3132
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  • MALAYSIA news
    • 388 14 KUALA LUMPUR Reserves slashed in conscious decision to cnt holdings: analysts Reuters MALAYSIA is believed to have slashed its gold reserves this year but economists and government officials say it was done as part of a long-term policy of reducing its
      Reuters  -  388 words
    • 522 14 KUALA LUMPUR Bernama ASIA Travel Network Sdn Bhd (ATN), a Malaysian online reservation system provider, will restructure its organisation and shareholding before seeking a listing on Nasdaq, said its chief executive officer, Alex Kong. The restructuring would involve the formation of
      Bernama; FILE PHOTO  -  522 words
    • MALAYSIA Briefs
      • 99 14 Bernama [KUALA LUMPUR] Lingkaran Trans Kota Holdings Bhd (Lltrak) said it would now pay 132 million Malaysian ringgit (5158.3 million) to take a 30 per cent stake in Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint) instead of RMI76 million for a 40
        Bernama  -  99 words
      • 65 14 AFX-Asia [KUALA LUMPUR] Tan Chong Motor Holdings Bhd said the reorganisation of its motor and non-motor units have been completed, with both scheduled to list on the KLSE separately on Dec 15. Automotive Holdings Bhd, the autoparts unit, will list 201.6 million shares while the
        AFX-Asia  -  65 words
      • 65 14 AFX-Asia [KUALA LUMPUR] Renong Bhd said its warrant holders have agreed to exchange 140.723 million existing warrants for new ones. Renong is to issue a maximum of 257.348 new warrants to existing holders on a one-for-one basis at a price of 0.10 Malaysian ringgit
        AFX-Asia  -  65 words
      • 100 14 Reuters (KUALA LUMPUR] Malaysia's MCSB Systems Bhd said its bondholders have not approved an extension to its five-year warrants issue, which will expire as scheduled on April 30,2000. The company, which suspended its shares for one market trading day yesterday, said a meeting earlier
        Reuters  -  100 words
    • 308 14 PHNOM PENH Reuters CAMBODIAN mobile phone operator Tri Cellular Communications Cambodia Co Ltd in which Malaysia's TRI is a partner is to cease operations this month. It will turn subscribers over to Cambodia Samart Communication Co Ltd, the company said
      Reuters  -  308 words
  • Page 14 Advertisements
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  • SOUTH east asia
    • 598 15  -  But there's an off-chance attack by nnhappy coalition partners and opposition parties could oast govt From Harish Mehta in liangkok THAILAND'S beleaguered coalition government is expected to narrowly survive a two-pronged attack from politicians within the coalition who are unhappy with the pace of
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    • 252 15 JAKARTA Bailout of bank could cost bank rescue agency 880b nipiah Bloomberg THE Indonesian Bank Restructuring Agency (Ibra) took control of PT Bank Putera Multikarsa, and could spend as much as 880 billion rupiah (*****.2 million) bailing out the lender. The takeover comes
      Bloomberg  -  252 words
    • 419 15 HANOI AFP FOREIGN businessmen and donors yesterday expressed their frustration with the lack of improvement in Vietnam's investment climate, and warned that the country was losing out to regional competitors. "They need to move faster, otherwise Vietnam will lag more behind neighbouring countries than
      AFP  -  419 words
    • 352 15 BANGKOK Bloomberg PIN Chakkaphak, a financier who fled Thailand two years ago, could be extradited from the UK in two months to face charges of embezzlement, Thai government officials said yesterday. Pin, the former president of Finance One Pic, left Thailand
      Bloomberg  -  352 words
  • Page 15 Advertisements
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  • FOCUS Macau
    • 1454 16  -  More than just reining in triads, govt must make use of enclave's new status as an autonomous part of China From Quak Hiang Whai in Maca u MAINTAINING public security or more specifically, reining in the powerful casi-no-linked triads has been the central
      AFP  -  1,454 words
    • MACAU Watch
      • 190 16 FOR many correspondents and dignitaries who will be visiting Macau during the handover, one of the matfor concerns must be public security. Will the triads set off a few bombs around town or induce violence to distract the handover ceremony? One influential pro-Beijing businessman told BT he
        190 words
      • 235 16 HONGKONG'S return to China two years ago was under markedly different political circumstances. The territory was still fearful of the Chinese and the West was putting enormous pressure on Beijing regarding its post-handover promises. Understandably, the Chinese took extra effort not to alarm Hongkong residents,
        235 words
      • 192 16 (pAKiß'ug&gi fff/kmmy more influential^ls it ChiCTExecuttve designate Edmund Ho Hau Wah who hails from a banking family and now will run Macau, or casino tycoon Stanley Ho who is well known throughout South-east Asia? The future chief executive was running his smallish domestic family bank in
        192 words
      • 168 16 HEADS of state and government from the European Union expect Macau to retain its specific identity after reverting to Chinese rule, press reports say. In a final declaration at the Helsinki Summit last Saturday, the 15-member EU emphasised the importance of "Macau's future prosperity
        168 words
  • Page 16 Advertisements
    • 126 16 on Batam, there's a great new place for the inn crowd. Just seconds from Batam's Waterfront City Ferry Terminal, we've built an idyllic hotel designed for both business and pleasure. Splash into the huge tropical lagoon from the waterslide. Or hold a meeting in our state-of-the-art Conference and Business Centre.
      126 words

  • Page 17 Advertisements
    • 379 17 '**Jk* J?** J "%fifi^ j^ie <rv A?. *^^5 2j**»-»*n 4 >*~ .~«w?**V. >* 1-^"» 4 <- i > «if X v bili'^ as TTifr r 5 A*llr«P **vil ,*|fc iCT 4 ~sfe *»v *5' ••<•» -»<•»-• *,«< *r- ra<y ,1» s V v..> „,«3KLi*. y *t 4 »s» I '*'I*--.■'"?■'
      379 words

  • EAST asia
    • 470 18  -  Cheung Kong pays HKsl.3b for Kowloon plot; auction results largely in line with expectations Prom Quak Hiang Whai m Hongkong JACKIE Chan the businessman has emerged again. The action movie star, who has invested heavily in the restaurant business, yesterday emerged
      470 words
    • 313 18 BEIJING Reuters CHINA plans to impose strict regulations on foreign investment in Internet companies, including a cap on ownership, despite hopes raised by a World Trade Organisation deal with the US, a top government minister was quoted as saying yesterday. Minister of
      Reuters  -  313 words
    • SINO Briefs
      • 101 18 Bloomberg [HONGKONG] Henderson Land Development Co, Hongkong's third largest real estate developer, Is playing catch-up in information technology. Two of Henderson Land's biggest units, Henderson Investment Ltd and Hong Kong China Gas Co said they will form a 50-60 joint venture, to be called Towngas IT
        Bloomberg  -  101 words
      • 85 18 Reuters [SHANGHAI] Shanghai aims to set up an exchange for trading ownership of technology firms as the forerunner to a second board on the city's bourse, the Wenhui Dally said yesterday. The exchange would trade "property rights", including shares, of high-technology companies as well
        Reuters  -  85 words
      • 66 18 AFP [SHANGHAI] Hongkong and Shanghai Banking Corp Ltd (HSBC) yesterday announced a U5533.2 million (Sss6 million) purchase of office space here, confirming long-rumoured plans to move its top management for mainland operations out of Hongkong. The move "reflects our strong commitment to the long-term development
        AFP  -  66 words
      • 92 18 Reuters {HONGKONG! Regent Pacific Group Ltd said yesterday it was acquiring its controlling stake in Bulgarian commercial bank Hebrosbank for less than book value. It said in a published statement that its purchase of 97.6 per cent of Hebrosbank for U5J23.5 million (Ss39 million) represents
        Reuters  -  92 words
    • 258 18 SHANGHAI New roles also allow purchases of stocks, bonds, real estate AFP CHINA yesterday announced detailed new regulations on Taiwan investment that for the first time allow investors from the island to acquire state enterprises. The rules which add detail to the 1994
      AFP  -  258 words
  • Page 18 Advertisements
    • 245 18 IT'S NOT WHAT YOU KNOW, IT'S WHO KNOWS YOU. Here's the best connection you can make. Network with Futurestep, the premier online executive recruiting service. Register now and you will be considered for exclusive career opportunities in Singapore and elsewhere that are simply unavailable through other means. After registering, continue
      245 words

  • SOUTH asia
    • 466 19 DELHI Analysts, uneasy abont rush, cautioning investors Reuters INDIA'S computer software industry may have stormed into the booming US market and wowed bourses at home, but it is now a crowded field where investors would do well to separate the good, the
      Reuters  -  466 words
    • 410 19 BANGALORE Cogentrix, HK's CLP Power partners in USsl.3b project Reuters INDIA'S Supreme Court yesterday quashed a public interest suit which had contributed to last week's withdrawal of a US$l.3 billion (552.2 billion) international power project in the southern Indian state of Karnataka. In
      Reuters  -  410 words
    • 232 19 BOMBAY Reuters THE Centre for Monitoring Indian Economy said data on industrial activity in the year so far indicated a modest recovery in the economy. "The industrial sector recorded a 6.4 per cent increase in the first half (of the year) and many individual
      Reuters  -  232 words
    • 335 19 NEW DELHI A GROUP of infotech bigwigs including Infosys promoter NR Narayanamurthy and Silicon Valley entrepreneur Kanwal Rekhi have made a concerted bid to take over the prestigious Indian Institutes of Technology (IITs). The group has offered to create a US$l billion
      335 words
  • Page 19 Advertisements
    • 318 19 1"- x A 'jf 18 K j^ 'j| II L I T f *^yB >|'t. '.rw J «ffl I J MHMPSBI JH b raKtfff fl r jfl 1 -*3» m BP^ IP^\ izOffice is a one-stop, online business Competitive: Subscription is FREE! And our service provider that transforms the attractive
      318 words

  • WORLD news
    • 319 20 HOUSTON Finns to baQd up market for Alpha chip, which is one of the fastest in world Bloomberg COMPAQ Computer Corp, the world's No 3 computer maker, has picked Korea's Samsung Electronics Co to manufacture its newest Alpha processor as part of a US$5OO million
      Bloomberg; FILE PHOTO  -  319 words
    • 331 20 SEOUL Nabors-led group to retain steelmaker's workforce Bloomberg ISEOUL] A group led by USbased Nabors Capital agreed to pay US$5OO million (*****.8 million) in cash to acquire Hanbo Steel Co, ending a year-long struggle to find a buyer for the Korea's second-largest
      Bloomberg  -  331 words
    • 309 20 TOKYO Reuters, AFP MAJOR Japanese automakers yesterday showed little interest in bidding for ailing South Korean car maker Daewoo Motor in a possible international auction. "We have no plans to buy a stake in Daewoo Motor in the future," a
      Reuters,; AFP  -  309 words
    • 457 21 LONDON UK's biggest cable firm acquiring stake from Swisscom, Veba and Siemens Bloomberg NTL Inc, the UK's biggest cable company, agreed to buy Switzerland's Cablecom Holding AG for 5.8 billion Swiss francs (556.2 billion) in cash and assumed debt to
      Bloomberg  -  457 words
    • 419 21 AMSTERDAM Bloomberg ING Groep NV withdrew a takeover offer for Credit Commercial de France SA (CCF) after France's sixthlargest bank showed insufficient "interest and support" in a bid valuing it at 10 billion euros (5517.1 billion). ING said it wants CCF's support
      Bloomberg  -  419 words
    • WORLD Watch
      • 74 21 Bloomberg [SYDNEY] The Sydney Futures Exchange, the biggest futures and options exchange in the Asia-Pacific region, has set up trading facilities in Hongkong and Tokyo. The facilities, called communication hubs, enable firms to trade Sydney Futures Exchange products using Sycom, the exchange's electronic trading system. Clients
        Bloomberg  -  74 words
      • 53 21 AFP [LONDON] Sports Personality of the Year British boxer Lennox Lewis (left) posing with Sports Personality of the Century former world heavyweight champion Muhammad All of the US at the BBC Sports Personality of the Year Awards held at the BBC Television studios in London
        AFP  -  53 words
      • 79 21 Reuters [SYDNEY] Australian childrens' Internet search engine Kidz.net Ltd yesterday said funds controlled by billionaire financier George Soros have taken an 8.13 per cent stake in the company. The funds, Quantum Emerging Growth Partners, Quota Fund and Soros Fund Management, bought around 6.2 million
        Reuters  -  79 words
      • 58 21 Bloomberg [SEOUL] Samsung Corp said it won the exclusive right from Visa International to circulate a debit card for the first time in Korea. Samsung and Visa will set up a join venture early next year to introduce the debit card, which can be
        Bloomberg  -  58 words
    • 332 21 WALLDORF, Germany It is expected to create 10 Net-based marketplaces Bloomberg SAP AG, the world's biggest maker of business management software, said it expects to announce agreements to create at least 10 Internetbased marketplaces for major global companies and their suppliers. While
      Bloomberg  -  332 words
    • 519 22  -  SINGAPORE It'll be underpinned by accelerated financial revamp liy Vikram Khanna ASIA'S V shaped economic recovery will be sustained into next year, aided by the upturn in Japan, according to the latest assessment by investment bank Salomon Smith Barney (SSB), which is part of the
      519 words
    • 393 22 BASLE, Switzerland Statement issued as euro hits record lows against dollar, yen Reuters CENTRAL bankers attending a regular meeting at the Bank for International Settlements concurred yesterday that euro zone economic growth should help support the euro's exchange rates, Bank of England governor Eddie
      Reuters  -  393 words
    • 315 22 NEW YORK LAT AFTER spending more than US$3OO million (*****.4 million) on plans that include a state-of-the-art command centre complete with filtered air to thwart chemical and biological attacks, officials here believe New York is fully prepared to face potential problems
      LAT  -  315 words
    • 183 22 FRANKFURT AFP DEUTSCHE Telekom, the German telecommunications giant, wants to sell its portfolio of property, estimated to be worth 35 billion Deutschemarks (5530.5 billion), the Financial Times reported yesterday, without quoting sources. Deutsche Telekom made the decision following its failed bid for Telecom
      AFP  -  183 words
  • Page 20 Advertisements
    • 137 20 Turning heads day and night W? I Jabger-leCoultre I iv IV *$3 '9H^h Hhh*. an elegant lady jBLf turns her Reverso Duetto's case to conceal its daytime grace, and to reveal its sparkling evening beauty. It is a magical moment that others love to share. The Reverso has always turned
      137 words
    • 5 20 I lianhe laobao \um %!#s«
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  • Page 21 Advertisements
    • 135 21 Turn your back on time mm mio > H m~] With its pure Art Deco since 1931, fhe MSr Reverso has a unique identity. Especially when we add the final touch. By engraving your initials on its pivoting case, we invite you to turn your back on time as elegantly
      135 words

  • Page 22 Advertisements
    • 1777 22 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 BW MECHANICAL SEALS (S.EA) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 9 December 1999 the following resolutions were duly
      1,777 words
    • 328 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 DURAMETALUC ASIA PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 9 December 1999 the following resolutions were duly passed: 1. SPECIAL RESOLUTION-WINDING-UP That the Company be wound up voluntarily pursuant to
      328 words
    • 2 22 18 DAYS
      2 words

  • FINANCE & commodities
    • 233 23  -  SGZ Derivatives TmtDagßeports MS& Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market took a breather yesterday following the spectacular runup during the past week. Volume was moderate with interest focused mainly on selected blue chips, with DBS Group Holdings leading the pack. The
      233 words
    • 191 23  -  MSCI Taiwan fatures Matthew DenBleyker Refco Singapore SIMEX MSCI Taiwan Stock Index Futures yesterday gained 8.1 points or 2.31 per cent to 359.4 while the underlying MSCI cash index rose 6.06 points or 1.73 per cent to 355.58. Strong demand by foreign institutional
      191 words
    • 229 23 ENERGY REPORT Reuters [LONDON] World oil markets steadied yesterday after a fall on Friday when the United Nations voted to extend Iraq's oil-for-food exchange. London January Brent futures traded up three US cents at U5524.47 a barrel as Iraqi customers started signing
      Reuters  -  229 words
    • 328 23 Reuters New York THE dollar started the week yesterday with modest gains against the euro and yen, benefiting from adjustments in some positions after Germany and Japan released softer-than-expected economic data. The euro limped to fiveday lows against the dollar overnight after traders digested news that German retail
      Reuters  -  328 words
    • Article, Illustration
      1195 23 mTERBAMK CROSS RATES Decis A$ C$ gmb tyro rfr Dm HK$ Ind Is tyW> Yen Wow Itl «$MiH Mo S$ *mi >fr >tT5 Nfct Hmt US$ Australia 0.941 6.178 0.628 4.116 1.228 4.952 27.704 46.091 0653 7.188 2.421 1291 33.021 25.931 1069 3.899 1.005 20. VM 24.590 0292 0.637 Canada
      1,195 words
    • 1866 23 SICOM FUTURES Deci3 RUBBER (futurts dojinq is at 5.30pm) RSS1 CONTRACTS c«ntsAe) ClOM Volume Opm Month Hiqh Low Sett (tonnes) Interest Jan 00 112.00 Feb 00 H3.50 100 Mir 00 H6.50 100 Apr/Jun 00 123.00 RSS 3 CONTRACT (US cents/kg) Volume Opon Mont* High low Sett (tonnes) Interest Jan 00
      1,866 words

  • STOCKS east asia
    • 2885 24 HONGKONG Reuters QjHangSeng +6L9 HONGKONG stocks closed moderately higher yesterday after a choppy day in which the Hang Seng Index hit a new year-high but lacked the momentum to breach its all-time record. The blue-chip index ended up 61.9 points, or 0.38
      Reuters  -  2,885 words
    • 2035 24 TOKYO AFP Q Nikkei 225 -H77 SHARE prices in Tokyo closed 0.4 per cent lower yesterday as the Bank of Japan's latest tankan survey showed a disappointingly modest rise in business confidence, brokers said. "The tankan turned out to be weaker than expected This attested
      AFP  -  2,035 words
    • Article, Illustration
      972 24 Reuters V% Shenzhen B Index *0.66 SHENZHEN'S B shares ended up yesterday, partly due to retail demand for issues likely to make cash dividend payments for 1999. The B share index rose 0.66 point, or 0.83 per cent, to 80.28 on turnover of HK$l5 million, compared with HK$3O million
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  972 words
    • 323 24 AFP JT4WP Index +149.84 TAIWAN share prices rallied 1.9 per cent yesterday on strong buying in telecoms and Internet-related issues, dealers said. "Institutional investors are scrambling to buy stocks in companies with investment in telecommunications and Internet businesses here as part of the global trend," said Fubon Securities analyst
      AFP  -  323 words
  • Page 24 Advertisements
    • 61 24 fl 1 This Christmas, give your loved one the only treat she'll want W 1 LOW riSK. hlgn return# a Phillipwamgift voucher. With our range of beauty voucher will be delivered to the IHtllllp a^^reSS y our choice TheUItimateBEAUTYEXPERIENCE j* «> «kvr n .r. m United Square, Unit #B1 -56.101
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  • STOCKS klse
    • 414 25 AFP, AFX-Asia 1 Composite Index +25J4 MALAYSIAN share prices surged 3.4 per cent yesterday, led by a rally in technology stocks spurred by last week's record close on the Nasdaq index, dealers said. The Kuala Lumpur Stock Exchange Composite Index finished at 768.74 points,
      AFP,; AFX-Asia  -  414 words
    • 7948 25 INDUSTRIALS ConswMf product! 1999 List Vol Day Net Cap Low Compeny Silt '000 High Low P/t SmM 440 255 A|inomoto 300 »0 121.6 174 46 Anqkasa 95 7 7 95 94 140.1 404 220 Apollo Food Hlg 326 6 4 328 324 7.8 130.4 294 115 Berjaya Land 168 11
      7,948 words
  • Page 25 Advertisements

  • SGX clob & regional stocks
    • 3194 26 BONDS WARRANTS Dec 13 ■t (nh t*m M-M Laet *«i Bey Urtteete ft* HUM Can Ear CmM N* Lew Um Caapaay SM COM) N# U> **> W» InMMk Pita lnrta|T UA 104 10.5 s 3160 "AcerW*****1 USS....™.„ 40 unch 6 40.5 40 40 40.5 33.1 1 156 75 2.80 19
      3,194 words
    • 314 26 AFP d Composite Indei -4L52 THE Korea Stock Exchange Composite Index yesterday was down 4.52 points at 1,013.65. Volume was 347 million shares worth 5.2 trillion won. —AFP i» a An*m S»mt ***** 900 Br*tn T#ch 2330 20 C»ntr»IB«n* 2*05 -35 Crwil Comm *****0 -6000 Dm Cu B** 3650
      AFP  -  314 words
    • 290 26 AFP PI Manila +73.03 PHILIPPINE shares jumped 3.8 per cent yesterday on technical trading and a sharp rise in the price of dual-listed Philippine Long Distance Telephone Co in New York, dealers said. The Composite Index rose 73.03 points to close at 2,012.84. AFP Oec 13 Ptw (000) MRC
      AFP  -  290 words
    • 278 26 Reuters Q Wellington *11.68 BUYING interest in market heavyweight Telecom led the New Zealand share market higher yesterday in what brokers described as an otherwise featureless and uneventful day. The NZSE-40 Capital Index rose 11.68 points to 2,131.45. Reuters Own MS (008) Advantage MDS 3.55 0 05 151 Air
      Reuters  -  278 words
    • 590 26 AFP PAHOrdomiM -10.4 AUSTRALIAN shares fell 0.3 per cent yesterday as News Corp stock suffered a bout of profit-taking that countered a positive lead from Wall Street, brokers said. The All Ordinaries Index fell 10.4 points to 3,109.90. The All Industrials Index dropped 17.9 points to 5,416.60 and the
      AFP  -  590 words
    • Article, Illustration
      790 26 AFP Q SET Index t-15.63 THAILAND'S stock market gained 3.7 per cent yesterday, fuelled by interest in the banking sector after Moody's Investor Service upgraded its outlook on five local banks, dealers said. Communications issues were also in focus amid ongoing global interest in the sector, they said. The
      AFP  -  790 words
    • Article, Illustration
      710 26 AFP CI Composite Index ->L2B INDONESIAN share prices closed 0.5 per cent lower yesterday on profit-taking, but continued robust gains by telecommunications stocks tempered the decline, dealers said. A dealer with Trimegah Sekurindo Lestari said local investors sold for profit late in the session after a strong opening. "But
      AFP  -  710 words
  • Page 26 Advertisements

  • 8934 27 MAIN BOARD Transaction date: Dec 13 Or Or M Wt 52-Wk Last Vol Day Last Ouot# Div VM Mat Cap Avg Hlqh Law St Mo Company Sale COOOl High Law Buyer SeHer C'vr P/E $mll Price MULTI-INDUSTRY 182 17.5 mc WOO Aetna SOc 113 3 82 114 113
    8,934 words
  • Page 27 Advertisements
    • 61 27 Multiply your wealth. VI Z-x Wf The Equity Investment Account from Citibank. yj H Gives you credit to invest in shares and interest on your positive balance. Vj jHBL W What better way to multiply your money? f Q a ll 339 7126 to open an account today Or visit
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  • Page 28 Advertisements
    • 254 28 Where to wine, dine and entertain...™'"lß-Offering the lowest interest rate in town hHH|*****45 Treat yourself to a wide range of Japanese cuisine. Enjoy Tempura, Sushi Rolls, Sashimi, Soft Shelled Crabs and many more plus tantalising desserts. Buffet Lunch 8C Dinner: #23.50 (Adult), #16.50 (Child) (Lunch daily except Saturday "Hutch "from
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    • 65 28 r 1 mwM HOTEL ORANO CENTRAL LIMITED I 22 Orchard Roadtovanagh Road, Slngaporw *****7 I Tat 737 W44 Ext ***** Fax: 733 3178 fl pppp=H Hortaßortese I New Italian Caff 6 Authentic Italian Pasta, focaccia Caffe O^Vlll i wjb 72 Anson Road, #01-01 Anson House 1 Singapore *****1 I lei
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    • 59 28 IPP-fWaW' jj£ yj, 'Ji m, Lr j'jz J uwj-' V i f SL' i 7 V t-nif N /1 > v I > J 1 'S! l 1 L^-VIP^ i\ j ,A v v I-''-—-- v depend on luck. Advertise in Wine, Dine Entertain of The Business Times and reach
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    • 77 28 llfS Mil Jl I Weekday Special lunch Menu Y 4 $4.50 nett per item with FREE-CHOICE of one coffcc/tra, soft drink or Q»in Chow 1 Fried Pork Egg andoMion». \CStir Hoon )r >y with Mixed Seafood y I t (Bean VermiceWi) Fried Rice with Salted Fish Spaghetti Bolognaise Teochew Kuey
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    • 37 28 ■BKT soothing live English entertainment. Happy Hours ""«ltat-L 9ltardaily p $s+++ on all house pours 20% off all other drinks Reservations: 831-6310/6288 Mmm.ltrt'm Hi <Ym ...ii, 3)3 Orchard Road. Singapore *****7 TH 737 4411 Fax: 732 2361
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  • Page 28 Miscellaneous
    • 907 28 Prsssisre 12 Slayer: Lovers Walk. mmmmmmmmm 3.00 PM TV Innovations. MUtomium. Collateral LM PM Response TV. MO National News MO Kidz Blitz: Sesame MN Mad About You I„ 2 S° Inl Dalam MO KmTbIIU: Hello Kitty 'am Weekday Movie Syiar Ramadan Christmas Hour. Zone: CoUision Course. (LOO Wonders of Weather
      907 words
    • 240 28 CRYPTIC CROSSWORD ACROSS 6 Limits engagements to pay for 1 Day scholars brought back come driving (9) dean (7) 7 Confined with a heartless nurse 5He may set out gin, but not for us® (7) drinking! (7) 8 9° resum negotia--9 Rage wildly after French wine 7 proves acidic stuff
      240 words

  • KNOWLEDGE economy
    • 1150 29  -  The knowledge work manager has to circumvent controls, encourage a shared vision, build networks, recruit and train By Anna Teo [SINGAPORE] TOM Davenport wants to bring his dog to work, and has, on behalf of his colleagues and himself, argued the case with "the bureaucracy". But, as
      CHRIS LOH; FILE PHOTO  -  1,150 words
    • 678 29 We reproduce the last part of Patrick Lambe's A-Z of Knowledge Management A Survival Guide TRAIN Sis for Software. Software houses are going crazy. Even fairly nondescript desktop packages for home PCs are touting themselves as "document management systems". Unfortunately, unless you spend
      TRAIN  -  678 words
  • Page 29 Advertisements
    • 431 29 THE BUSINESS TIMES AND MOET CHANDON "Spiri/ Of ZJ/ie Century" Cftwarcf I 9jp?Jm V ftr 1" I tjjsf Sim Wong Hoo Singapore's entrepreneur Claire Chiang Known tor her delation Dr Susan Lim Pioneering liver-transplant extraordinaire. Mr Sim is the first person to win to the causes of woman and the
      431 words

  • Page 30 Advertisements
    • 458 30 M iUDEMARS PIGUET Lc maitre de I'horlogerie depuis 1875 Isn't it time to talk about a watch THAT LOOKS UNLIKE ANY OTHERS? The Canape Collection^ i The Canape line is the latest addition the smallest automatic movement used to Audemars Piguet's classical by Audemars Piguet (20mm in diameter, collections of
      458 words

  • SHIPPING TIMES
    • 304 31 Bridge News Reuters THE capsize sector of the dry cargo freight market remained firm in the Atlantic but there were signs of decline in other areas, brokers said. Panamaxes were easier with the possible exception of the east coast of South America, they added. The Baltic Dry Index
      Bridge News; Reuters  -  304 words
    • 298 31 ICS *000 KB CWT Distribution 122 -0.03 31 Oman Hup 0.43 -0.02 4535 Cosco Invastmant 1.T7 -0.02 95 Fralqht Links 0-30 -0.01 187 06 Holdings 0.89 -0 01 Hat Sun Hup 0.85 0.12 596® IMC HoMnqs-HK —5.60 unch 0 Jays Mowings 1.19 -0.01 249 Jurong Shipyard —7.85 -0.10
      298 words
    • 421 31  -  Joint venture invests USs2oom tobnild3berths at Inchon port By. Ann Toh [SINGAPORE] PSA Corp and Korean conglomerate Samsung Corp yesterday signed an agreement to develop South Korea's Inchon South Port into a major container terminal. PSA and Samsung will both invest
      421 words
    • 139 31 [SINGAPORE] Singapore tide tables for year 2000 will be available in electronic form for the first time with the release of the Singapore Electronic Tides Tables (ETT) CD-Rom. The CDRom is being released by the Maritime Port Authority of Singapore (MPA) in addition to
      139 words
    • 259 31 Reuters [RENNES, France] The oil tanker Erika broke in two and later sank on Sunday in heavy winds and six-metre high waves off the western coast of France. British and French helicopters plucked all 26 crew of the Maltese-flagged tanker to safety, 70 km south
      Reuters; REUTERS  -  259 words
    • 403 31 UK shipping group hopes to take advantage of investor interest in cruise industry [SINGAPORE] British shipping group P&O is reported to be looking at a US listing next year taking advantage of investor interest in the cruise industry. P&O believes that the greater transparency
      403 words
    • 142 31 (LONDON) The board of the Panama Maritime Authority has sacked boss Ruben Reyna following his implication in a state corruption investigation. The move has been greeted with dismay by the Panamanian shipping industry, where Mr Reyna was popular. The head of the country's chamber of shipping
      142 words
    • P&O company
      • 609 32 World's No 3 cruise-line operator is confident of new era of profitability as it focuses on cruises Bloomberg [LONDON] PENINSULAR Oriental Steam Navigation Co (P&O), the world's third-largest cruise-line operator, is confident of a new era of profitability in the future for the group as it
        Bloomberg; FILE PHOTO  -  609 words
    • 199 32 PAGE Detains 4 ACl 6 OjafcUoyd 8 AML 3 Oongnama 3 Accord 8 ECt 4 Appenjhip 5 ECU Urn 6 Austral 8 Emgrew 6 BalajiShpg 5 foongSun 8 BSA 7 GUnk 4 Btang Mas 8 Gemartrans 6 CCNI 7 T CMA 8 «*>i» 3 COSCO 5 Heung-A
      199 words
    • 20144 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 22/12 17/01 COSCO EVER CUARO 0005W *5-22*1900 To ABIDJAN (ABJ) 2003 Cote D'tvoire 23/12 "/oi e.guaro ojn-ow* 45-392im 21/12 31/01 Setramar
      20,144 words
    • SHIPS IN PORT
      • 586 43 Vessel Voy No Berth Arrival Departure Jnraag tart SJMnt 8 2 J06 13/12/6:05 13/12/17:00 TongMn 9912 J16 0/12/6:50 14/12/8:00 8108 4493 999 301 0/12/8:45 13/12/17:00 JwH>3 16/99* J02 0/12/7:35 13/12/1740 See Caprlcor *****9 J12 0/12/7:05 13/12/19:00 Sing l M 11 *****9 J02 0/12/8:05 13/12/2340 Bt htfta ***** JOI
        586 words
      • 1833 43 RECEIVING OF EXPORT FCi CONTAINERS AND LCL CARGO Bookimj/B«l*ncc Rstls Ship Voy No Etb/Btr Period From To From ACI NMKCUS 0321 U/*00 II 12/1500 12/1*59 12/1900 2A 12/1700 13/0459 11/0900 21 12/1700 13/0454 13/0900 I 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1700 A NAN (HUM ***** 14/21:00 12/1500
        1,833 words
      • 216 43 Dm 23 Japan: Emperor's Birthday. Deo 28 Italy: Christmas Day. Brunei: Christmas Day. Australia: Christmas Day. Belgium: Christmas Day. Canada: Christmas Day. Denmark: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Deo 24 Australia: Boxing Day. Canada: Boxing Day. Denmark: Boxing
        216 words
      • 796 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are tndi cated. The Cockett Bunker Price Index change and the
        796 words
      • 481 43 CtrfeM 180 Ma 992.1 2.3 18.1 0.11 79 0.09 Ok 9 Density Water ftesMue As* Aluminium SeOlnwnt No above E25 7 1 17 1 0 0 380 Ave 963.2 0.4 12.3 0.06 30 0.02 tin. 380 Mai 990.8 14 15.3 0.12 67 0.04 W' ww No
        481 words
    • AIR & LAND transport
      • 485 44 It will delay law to limit aircraft noise if US negotiates international noise reduction standards Reuters [BRUSSELS] The European Union said it was ready to delay until at least September 2001 a controversial law to limit aircraft noise, if the United States
        Reuters  -  485 words
      • 171 44 Reuters [COLOMBO] SriLankan Airlines said a strike by its staff had been called off and flights out of Colombo have resumed with normal operations except for a few delays. "SriLankan Airline's staff who were on a go-slow since Wednesday evening called off their unofficial union action
        Reuters  -  171 words
      • 707 44 NYT [ATLANTA] As the holiday season approaches, America's major airlines are promising to treat passengers with a little more kindness. Under pressure from the US Congress, which had threatened legislative action, the air carriers came up with their own customer service policies
        NYT; FILE PHOTO  -  707 words
      • Article, Illustration
        61 44 [MOFFETT FIELD, California] Nasa technicians working in the Future Flight Central cab with seamless out-the-windowfield-ofview displaying computer-generated images of San Francisco International Airport at Moffett Field, California. The cab is capable of replicating the user interface and functionality of existing and emerging air traffic control technologies and the
        AFP  -  61 words
      • 418 44 A few factors behind last year's crash: minister AFP [BANGKOK) The findings of a probe into last year's crash of a Thai Airways passenger jet that killed 101 people will be released after the New Year holidays, reports said. Communications
        AFP; FILE PHOTO  -  418 words
      • 1623 44 an FU6M7 CU FUCm nt BA7306 840 ****** 2359 MM BA73T 1930 0A7302 2050 Ott 840 $***** 2359 Of# mo 0f82 2050 MH $0909 840 $0*90 BBS AM8229 2230 giu|rt« S0803 1990 CZ354 09« LH6300 2230 COM 2045 $0004 88 ItaMi *1(741 OIO **740 M» kmt«4m
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  • Page 31 Advertisements
    • 400 31 People National Industrial Transportation League The National Industrial Transportation League (NITL) has appointed Peter Gatti as vicepresident of international relations. Mr Gatti, who joined the NITL in 1985, has served as its director of policy specialising in air, maritime and international issues since 1992. Dot Norske VerftasHekje Heige Mldttun, chief
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    • 9 31 EU seeks to defuse hushktt vow with US Backpage
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    • 154 31 Reaping gains of restructure, Page 2 Did you know... .the TT Club insures over of the world's container fleet ...the TT Club insures over 3250 freight forwarders and NVOCs ...the TT Club is a mutual and is run for the benefit of its members ...the TT Club insures 1725 port
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  • Page 43 Advertisements
    • 85 43 The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated. Shipping Times now features a full page on logistics on Thursday every fortnight with news of current
      85 words