The Business Times, 25 January 2000

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Microfilm: NL21692
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (P)Q3S/i2/Ig9Q Internet: http://business-times.asial .com.sg/ SINGAPORE TUESDAY, JANUARY 25, 2000 85c
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  • Article
    Lock icon MARKET SUMMARY
    60 1 sn 2£MJ4 (-13.84) BT-SBI BU2B (-19.94) SIMSCI FUTURES ***** (4.30) STOCK MARKET INDICES Monday 'Change KLSECOMP %4M +0.54 NIKKEI 19,066.71 _*17&62 HANG SENG 15,167.56 +W.14 SET INDEX ***** -1.70 JAKARTA OOMP _656.72 -717 MANILA COMP __2,066J« 7.10 TAIPEI WP! 9,387.07 ♦M.13 SEOUL COUP 92(577 *1JJ CLSA CHINA B
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  • Article
    Lock icon FINANCE
    83 1 FOREX RATES us$ s$ US$ 1.682 £<!jvSS/S$pcr£) 1.861 1.777 EURO(US$/S$/E) f .004 1.688 DM 1.949 0.863 YEN 106.0 1.603* RM 1.800 0.443 HK5 7.779 0.216 BAHT 3752 0.046 RUP1AH 0.023 •St to 100 units I,cmv •S$ to 100 units PRIME SATES SINGAPORE* 538 KUALA LUMPUR 767 JAKARTA .1900 BANGKOK
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  • Article
    Lock icon SingTel may merge with HKTel
    785 1  -  A successful merger will create one of Asia's largest telecoms company By' Teh Hooi Ling [SINGAPORE] Singapore Telecom yesterday announced that it is in talks to merge with its Hongkong counterpart, Cable Wireless HKT, to form Asia's largest international telecoms company with a combined market
    785 words
  • Article
    Lock icon S'pore start-up bex.com in tie-up with 3 Japanese giants
    501 1  -  S'pore firm hopes to win over several thousand new customers to its trading platform Ru' Toh Han Shih [SINGAPORE] Bex.com, a Singapore start-up that offers facilities for business-to-business electronic commerce, is going into a joint venture with three Japanese giants that
    501 words
  • Article
    Lock icon SingTel share price hit by news leak?
    296 1  -  European broker asksSGXto investigate By] R Sivanithy [SINGAPORE] A large European broking house has complained to the Singapore Exchange (SGX) about Singapore Telecom's share price movement last Friday and is lodging a formal request that there be an investigation. A source from the
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      Lock icon Page 1 Advertisements Column 1
      102 1 msmE Top Stories Chan Brothers structuring IPO to support Chanßrothers dot com. Pg 4 EDB's goal: $10b manufacturing investments for Singapore in 2002. Mext Peg* Time Warner, EMI merger: details of world's top record company. Pg 18 BT Comment Lee Han Shih on why property auctioneers' days could be numbered.
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      Lock icon Page 1 Advertisements Column 2
      311 1 Telecom winners and losers Stock market investors scrambled yesterday to re-rate the shares of companies that will be affected by the abrupt opening up of the Singapore telecoms market two years ahead of schedule. Here is the market's verdict: Singapore Pros* Holdings Datacratt Asia Keppei T&T ass- W airSystems integrator
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      Lock icon Page 1 Advertisements Column 3
      139 1 Driven into each other's arms by deregulation, Next Page >1® l J ■nppfcf -j V Jfc .J». t y' ,/U'-'< f rru l-L..~ i |MM X —V ii r i.s' t IflSB f u/A V4Kb o ~yru'jLi^y/ fp 7/ Vv,. ''.Z I''LAL^/a iV-rYir. i-iTi—fifn 1 r/yffffei "-•*"«^B-- s- 4 1A
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  • NEXT page
    • Article
      Lock icon EDB's goal: $10b manufacturing investments for S'pore by 2002
      631 2  -  Target for 2000 is $&sb; tightening labour market, skills mismatch biggest worries Byi Audrey Tan [SINGAPORE] Singapore is gunning to recover ground lost in the Asian financial crisis by attracting manufacturing investments to the tune of $8.5 billion this year and
      631 words
    • Article, Illustration
      Lock icon Telecoms Big Bang: a boon for EDB, says Philip Yeo
      441 2  -  By* Jennifer Lien {SINGAPORE] The liberalisation of the telecommunications sector has made the Economic Development Board's job of attracting investments much easier, EDB chairman Philip Yeo said. "Now we'll have a fighting chance to get more investments, to promote more
      CHRIS LOH  -  441 words
    • Article
      Lock icon Harder to attract new investments to Bintan: EDB chief
      380 2 Existing investors likely to stay but new investors need assurance of safety [SINGAPORE] It will be much more difficult to attract new investors to Bintan Industrial Park, unless there is assurance that the recent protests will not happen again, Economic Development
      380 words
    • Article
      Lock icon Driven into each other's arms by deregulation
      522 2  -  Sing Tel, HKTeI merger talks CAW likely to sell residential-oriented assets and retain corporate businesses Prorn Meera Tharmaratnam in Hongkong THE discussions between Cable Wireless HKT and Singapore Telecom on a potential merger come at a time when both companies are facing their
      522 words
    • ON THE grapevine
      • Article
        Lock icon Cyberbanking on the slow lane
        79 2 HAVE you tried the DBS Bank's Internet banking Web site which allows users to check account balances and transfer funds at the click of a mouse? Well, you may save time but it does not seem to do so for the bank. After confirming your
        79 words
      • Article, Illustration
        Lock icon E-r, no Chinese e-quivalent
        57 2 ACER Computer chairman and chief executive Stan Shih said yesterday at an IT conference that "e" is fast becoming a part of the Chinese vocabulary. As there is no equivalent character in the Chinese language, the Chinese media has just been running "e" as a prefix
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      78 2 SCres.v.ur*... x*. v. r.r j, -a *.£Y TO > fe '4, Wmm**--ADMIRAL S CUP 'TIDES* THE SPIRIT OF THE SEA Its special and exclusive automatic movement gives the time of the high and low tides and the strength of the current in relation to the phases of the moon. 18
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  • TELECOM liberalisation
    • Article
      Lock icon Reshaping the telecoms landscape
      754 3  -  NEWSKI.kM^I-l The opening up of Singapore's telecoms sector will demolish existing price models and transform today's oDerators Ru Catherine Ong SINGAPORE'S telecoms landscape is set for radical changes as liberalisation brings in new players and market structures, and emerging technologies help carriers build networks of unlimited
      754 words
    • Article
      Lock icon SCV to spend $50m to offer telecoms services
      437 3  -  By Teh Hooi Ling V lSlOn (SCV) yesterday said it expects to spend $50 million in the second half of the year to enable its cable network to offer telecommunications services in Singapore. And company officials said SCV may launch its initial
      437 words
    • Article
      Lock icon SingTel shares plunge on fear of market loss
      531 3  -  SPH and Keppel TAT seen as leading beneficiaries of govt's liberalisation move By Ven Sreenivasan THE potential loss of its dominant market position saw the shares of Singapore Telecom taking a bashing yesterday, while stocks of companies which are likely to benefit
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    • Article, Illustration
      Lock icon Foreign telcos moving to seize opportunities
      493 3  -  By 1 Teh Hooi Ling FOREIGN telecommunications companies are wasting no time in trying to take a bite of Singapore's lucrative telecoms market. Yesterday, the first working day after the government announced that the telecom sector would be fully liberalised, MCI Worldcom called Singapore
      493 words
    • Article
      Lock icon Liberalisation will not hurt existing telcos: Cheow Tong
      475 3  -  Byi Andrew Wee, Teh Hooi Ling THE telecommunications liberalisation announced last week will not hurt Singapore's incumbent operators, said Communications and Information Technology Minister Yeo Cheow Tong at an IT conference yesterday. Addressing delegates at research firm International Data Corporation's Asia-Pacific IT
      475 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon IPO to support e-commerce on Chan Brothers' itinerary
      510 4  -  Chanßrothers dot com may need $15m or $20m investment over next few years ity Wong Wei Kong HOUSEHOLD name Chan Brothers is structuring an initial public offer (IPO) that will support its newly created e-commerce initiative, ChanBrothers dot com, managing director Anthony
      510 words
    • Article, Illustration
      Lock icon Star East IT launches $10m S'pore Web site
      469 4  -  E-commerce facilities will be available in second phase By Andrea Tan STAR East Information Technology, graced by a cast of Hongkong showbusiness stars including gongfu actor Jackie Chan, yesterday launched a $10 million Singapore Web site that will eventually offer e-commerce. Hongkong-listed
      CHRIS LOH  -  469 words
    • Article
      Lock icon New media valuations outshine newspapers
      806 4  -  SMMH lock sievv meera tharmaratnam NEW media valuations are likely to hurt print media companies, and generously reward Internet companies billed as new media, and that trend's likely to accelerate particularly following the AOL-Time Warner deal. "The big issue is what you do with print
      806 words
    • Article, Illustration
      Lock icon Ansett employees offer to buy out News Ltd, Air NZ stakes
      435 4  -  Air NZ's pre-emptive rights, which scuttled SlA's buyout plans, still in play Byi Conrad Raj SINGAPORE Airlines' loss may be a gain for Ansett Airlines employees, who are proposing a buyout of Australia's second biggest domestic airline. lain Lang,
      FILE PHOTO  -  435 words
    • Article
      Lock icon ST Engg expected to post earnings growth of 25%
      445 4 Reuters SINGAPORE defence giant ST Engineering is expected to unveil strong 1999 earnings growth of 25 per cent, prompting buy calls from analysts who are confident its shares will outshine other govern-ment-linked blue chips. Analysts polled by Reuters issued buy calls
      Reuters  -  445 words
    • Article
      Lock icon Unisteel Tech's listing gets in-principle approval
      179 4 UNISTEEL Technology, which makes high-end precision fasteners, said yesterday it has received in-principle approval for a ma inboard listing. Established in 1988, the firm's core businesses include the manufacture and supply of precision fasteners for the hard disk drive industry and telecommunications and transportation
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    • COMPANY Briefs
      • Article
        Lock icon Van der Horst seeks suspension
        37 4 VAN der Horst has requested a suspension in the trading of its shares today pending an announcement. Yesterday, its shares closed 2.5 cents down at 44.5 cents on a volume 0f984,000 shares.
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      • Article
        Lock icon C&W Asia, Creative start HK$100m ISP
        51 4 CABLE and Wireless Network Services (Singapore) Pte Ltd yesterday launched an Internet service provider in Hongkong worth HK$lOO million (5521.6 million). The company, formed from the strategic alliance between Cable and Wireless Asia, and Creative Technology Ltd, will help businesses tap the Net more
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      • Article
        Lock icon Hwa Hong buys up Singa Devt
        72 4 PROPERTY and insurance group Hwa Hong Corporation said yesterday its subsidiary, Space Resources Pte Ltd, will buy 1.8 million shares in Singa Development representing a 66.67 per cent stake for $3.6 million cash. This will make Hwa Hong the sole shareholder as subsidiary Singapore
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      • Article
        Lock icon See Hup Seng director quits
        16 4 SEE Hup Seng said Ichiro Uesawa has resigned as a director.
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      101 5 <?-*• E >. Sing Tel believes that the power of your jJKjjjm II I 111 l HHH| HH H I That it shouldn't be restricted by the complexity ;•'■>; »V- 4 \,|/> **r I >', 'i, .v *"*!P"~ W v gm ■■■mm of the rapidly changing world of business w
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      20 6 .A ■•>.< ■_^B^B^ f HH >^jBBBBJBBJBBy'^[BBBBBBBBBBBBfe^BBBB|B^ v^jBBBBBB| bHUH HHH |F. **WH *3BP B '*-"''v** 7 '•''v^ Brklge Information Systems, the >■!■ »l^^ji
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      190 7 I I I I v I I H I I I I n■ n i H H It^JasSS ■ppi BHBBBB Hi HBI HB• HBB 4BHll^^^HH^^^BBHHBB'il^^^^HßP '?^^^^^"^S^^^^ Hi. ®p Bl___^ m lM ati'i ..J&r.-, U,<J*rr mßMWMm^'iiliiMif MBm r~in'n -a^S^S? i > stgfl^BlXjEa&' dSBi-' 5 :-,^mSI^B^BE& yfc jR". -O its?. j -J
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon SingTel covered warrant still overpriced
      179 8  -  WARRANT WATCH -By\ R Sivanithy THE government's decision to fully liberalise the telecom sector this April has come as a shock to many. Predictably, the worst hit is Singapore Telecom, whose shares collapsed 10 per cent yesterday. The Credit Lyonnais covered warrant on the counter
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    • Article, Illustration
      Lock icon SingTel hit, SPH soars on news of telecoms big bang
      554 8  -  I=ll comment STOCKS r.sivanithy THERE was a distinct telecommunications play evident in the market yesterday, the outcome of the government's sur prise decision to liberalise the sector two years ahead of schedule. In addition, there was a focus on a
      554 words
    • Article
      Lock icon Untitled
      488 8 Stocks Volume SingTel 15c 41.349,000 KianArtn20c 24,979,000 Seksun R250 14,689,000 DBS Land 13,524,000 Fastech USlOc 10,804,000 MediaRing 10c 9,830,000 CityDev GS CW*****3 9.375,000 Datapuise 5c 9,037.000 Eastgate 10c 7,765,000 Kingboard US10C 6,538,000 Stocks SingTel 15c 117.350,959 DBS Grp 94,411,988 PacificCentury.. 61.965,000 SPH 48.149,269 Chart Semiconductor 26c 44,467,020 Nat EJec 10c
      488 words
    • Article, Illustration
      Lock icon Keppel T&T: whole new ball game
      217 8  -  HOT STOCK Ven Sreenivasan KEPPEL Telecom Transportation recorded one of its biggest single day jumps yesterday, boosted by last Friday's surprise announcement that the telecommunications sector will be thrown open to competition two years ahead of schedule. The 16-cent climb to $2.41 yesterday brings
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    • Article
      Lock icon Diary of events
      134 8 Tuesday, Jaa 25 ♦Bam. NUS-MIT collaborations on sustainable infrastructure development, organised by NUS ♦8.30 am. Perspectives 2000 And Beyond Conference organised by the Institute of Policy Studies ♦9.15 am. Opening of Jupiter Communication Asean representative office in Singapore ♦9.30 am. Singapore Telecom Workshop on Telecommunications Technologies ♦10am.
      134 words
    • Article, Illustration
      Lock icon S$ hits 7-week low on opening of telecoms market
      338 8  -  J I comment CURRENCIES larry wee THE Singapore dollar was dragged down to an early December low of 551.6850 yesterday, as overseas players reacted to the latest news to hit the local currency. News that Singapore is to open up its
      Source: Reuters  -  338 words
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      138 8 This announcement does not constitute an offer or invitation to any person to subscribe for or purchase any of the securities described herein, nor is it calculated to invite, nor does it permit the making of, offers for such securities. The issue was fully subscribed for on 12th January, 2000
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      Lock icon Page 8 Advertisements Column 2
      24 8 To make money from the market you need the best ideas. Cet some by signing up with DBS Investor Oni ne at 323-3955 >X<|)[?SBANK
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  • SINGAPORE news
    • Article
      Lock icon GST teaser: will there be a rate increase this year or next?
      635 9  -  mm exclusive A rise to 5% may be a prelude to income tax cut; but sceptics point to fragile economic recovery liy Soh Tiang Keng WITH economic recovery firmly on track and the Goods and Services Tax (GST)
      635 words
    • Article, Illustration
      Lock icon Thai Airways soar to its 1st golf league victory in years
      425 9 Strategic pairing paves way for win in Ericsson tournament STRATEGIC pairing by team captain and general manager Sudhagun Divaveja paved the way for Thai Airways International's victory in the second leg of the Ericsson Corporate Golf League presented by
      425 words
    • Article
      Lock icon Electronic components: US Nov orders surge
      270 9  -  ■R7?on the economy electronics liy J Jennifer Lien NEW orders for electronic components in the US jumped 34.7 per cent year-on-year in November, reversing October's revised 7.9 per cent decline. Manufacturers ordered a total of US$l5.B billion (5526.6 billion) of electronic components on a
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    • Article
      Lock icon Quarterly GDP figures available at current prices
      251 9 QUARTKRLY estimates of gross domestic product (GDP) are now available in nominal terms, or at current prices. This complements the existing real or price-discount-ed GDP data. With both real and nominal quarterly GDP numbers, changes in the total value of goods and services
      251 words
    • Article
      Lock icon Sumitomo Life in Asian expansion drive
      219 9 SUMITOMO Life Insurance one of Japan's Big Three in life insurance has acquired a 10 per cent stake in Pheim Asset Management (Asia) in its drive to expand its fund management business in Singapore and this region. Formed in 1995, Pheim Asset Management (Asia)
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      298 9 THE OF SINGAPORE SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC AMOUNT OFFERED SGOI2OO Million ISSUE CODE NSOOIOOX ISSUE DATE 1 FEBRUARY 2000 MATURITY DATE 1 FEBRUARY 2005 INTEREST RATE TO BE DETERMINED BASED ON THE AVERAGE YIELD OF SUCCESSFUL APPLICATIONS PRICE TO BE DETERMINED AT THE AUCTION
      298 words
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      19 9 ■Hi# |Hf 1: m C|^B BiH Hp V r i •Jj B jl| .^gßj H^fl Rl^k. ■NH jjyk £X«V<
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      111 10 i ipJ bp^^wbp^^tJ I wyn jßT^p" I'^'*1'^'*' 1 <&&&*- "WMii oollah» OOIXAII ooiSSnt <?■* MtSJlt .si. r 4 t^ < g i^*^ 1 liJ i^w*%-m M A Diamond Pendant Earrings worth $12,000 1U f% M A#llt I 2nd-Home Theatre System $6,000 4 Partner of: Mmo 3f t mMmM Iml 3rd
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  • MAIL bag
    • Article
      Lock icon Share values: one basic difference
      335 11  -  Ho Wing Yin Executive Director Real Estate Developers Association of Singapore I REFER to the recent spate of letters on share values and the proposed amendments to the Land Titles Strata Act. The relevant authorities have initiated a review of the Act in recognition that
      335 words
    • Article
      Lock icon CPF interest loss: do something
      251 11  -  See Leong Kit Singapore THIS is an issue of "interest" (deliberate pun) to those who use their hard earned Central Provident Fund monies together with bank loans to purchase private property. CPF funds used for monthly loan repayment are deducted from the member's account on
      251 words
    • Article
      Lock icon Stop dissenting owners from buying time in en bloc sales
      150 11  -  William Lee Singapore via Internet I SHARE the opinion expressed by Steven Loh in his letter "Stop en bloc sale owners from buying time to cut tax liability" (BT, Jan 11). Many property owners who bought properties less than three
      150 words
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      104 11 l|Sr ■■■HHi. m^mt* L 4 V ft New York, Washington DC, Chicago, San Francisco, Los Angeles, Honolulu....They're all as close as an All Nippon Airways flight rom s a direct —or via Tokyo Asia's biggest and closest jfes©^'^----"*'" """Z gateway to all five major US gateways. Start by joining the
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      57 11 M! e IKRH > v 2. IKI§I §\lw||§]l IH2^H r H w Iteai ,j|pi apSMrqM| *OF v i v V JH v |H I k Jp *r^2^ r^T- Jr l^HP' ■ra Free sushi pack to go along with off during happy hours. Avafta&le till 9pm, Sundays to Thursdays. Offer starts
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      335 12 OPEN THE DOOR TO E-COMMERCE SOLUTIONS THAT'LL REVOLUTIONISE YOUR BUSINESS AND THE WAY IT COMPETES. In today's intensely competitive marketplace, your business needs to slash commerce portals that make up the Global Trading Web (others include costs and enhance productivity. SESAMi, Asia's first global trading portal, marketplaces in North America,
      335 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Auctioneers: going... going... gone?
      605 13  -  I:l I comment PROPERTY HK bank's online property auction could signal the beginning of the end for auctioneers lee han shih THE days of property auctioneers could be numbered, if what goes on in Hongkong is anything to go by. Last week a small Hongkong bank
      605 words
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      188 13 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. ;:h CAT AI Buy It. Sett It. Find It. II COLLECTIVE SALE! PRIME D.15 FREEHOLD SITE I I No. 33-49 Mangb Road I Various Land Area Options of 41,497 rf./ I ***** sf. /12,949
      188 words
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      251 13 37 TAMPINES STREET 92 MORTGAGEE SALE BY PRIVATE TREATY Description A 4-storey purpose built industrial building witti a basement level •Land Area Approx 4,804 6sqm (51,716 sq ft) Gross Floor Area Approx 10,805 18 sqm (116.306 sq ft) Tenure HDB Leasehold 30+30 years wef 1 September 1994 Remarks Sale with
      251 words
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      359 13 ZHONGGUO (CHINA) Remittance Centre Specialise in to fro Reminbi remittance service 226-2678 I 224-3456 I COREX BUILDING FOR SALE Address 10 Tannery Lane Description A 7-storey factory cum warehouse building •Land Area Approx 1.782 9 sqm (19,191.14 sq ft) Gross Floor Area: Approx 4,062 6 sqm (43.730 sq ft) Tenure
      359 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Davos Man has an image problem
      758 14  -  mill I bottom line OPINION paul krugman Paul Krugman is a professor of economics at MIT and the author, most recently, of' The Return of Depression Economics' NYT THIS week the Swiss ski resort of Davos, once the home of a sanitarium, will play
      NYT  -  758 words
    • Article
      Lock icon IN OTHER WORDS
      120 14 The US continues in its role as the world's consumer of last resort' Vincent oooersc an economist, after the US trade deficit grew to an all-time high of U5526.5 billion (5544.3 billion) for November from U5525.6 billion in October. 'Having an extremely popular product does not make
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    • Article
      Lock icon Indonesia's political Budget
      611 14 EDITORIAL PRESIDENT Abdurrahman Wahid's Budget for the year 2000 was widely hailed for its realism. In fact, the Budget is as much the president's political map as it is his blueprint for reviving the country's devastated economy. Even after the successful presidential and general elections last year,
      611 words
    • Article, Illustration
      Lock icon In the Net world, we're only in silent movie era
      1166 14  -  Existing media, Internet, and access companies most pool talents to compete in interactive future Byi Greg Feldberg, Fred Bowers Greg Feld berg and Fred Bowers are the regional convergence analyst and the regional telecom analyst, respectively, at Indosuez WI Carr
      1,166 words
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      Lock icon WHAT THE OTHERS SAY
      914 14 Justifying the Budget JUST how deep the scars that more than 30 years of mili-tary-dominated rule have left on Indonesians are can be gauged by the strong opposition that has been voiced in many quarters against the rather substantial increase in the government's new security and
      914 words
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  • MALAYSIA news
    • Article
      Lock icon M'sia's Measat Brunei firm in multimedia services tie-up
      379 15 KUALA LUMPUR Venture offers digital TV, radio, interactive services to homes in the snltanate AFP MALAYSIA'S sole satellite broadcaster said yesterday that it has tied up with a Brunei company to provide digital television, radio and interactive services directly to homes in
      AFP  -  379 words
    • Article, Illustration
      Lock icon Renong to list Prolink, divest Commerce Asset stake: report
      230 15 [KUALA LUMPUR] Malaysian conglomerate Renong Bhd is planning to list Prolink Development Sdn Bhd on the Kuala Lumpur Stock Exchange and divest its 12.4 per cent stake in Commerce Asset Holding Bhd, the Star newspaper said yesterday. It quoted sources as
      FILE PHOTO  -  230 words
    • Article
      Lock icon Time Engrg plans debt for bonds swap, share sale
      424 15 KUALA LUMPUR Bloomberg TIME Engineering Bhd plans to swap some of its debt for new bonds and raise about 3.2 billion Malaysian ringgit (Ssl.4 billion) through the sale of shares in its telecommunications unit as it struggles to stay afloat. According
      Bloomberg  -  424 words
    • Article
      Lock icon More unit trust fund distributors
      270 15 KUALA LUMPUR Reuters THE Federation of Malaysian Unit Trust Managers (FMUTM) said yesterday that the Securities Commission has approved guidelines allowing institutions to become third party distributors of unit trust funds. "This is the first set of guidelines developed by FMUTM for the unit trust
      Reuters  -  270 words
    • MARKET moves
      • Article
        Lock icon Anchor status hopes boost AMMB
        86 15 ARAB-Malaysian Merchant Bank chalked up another 40 sen to 13 Malaysian ringgit on growing expectations that the group will clinch an anchor slot as the banking industry consolidates by merging with one another. Investors had earlier dumped the shares when it was not in the
        86 words
      • Article
        Lock icon Rumours dog Hong Leong Bank
        83 15 HONG Leong Bank shed 25 sen to RM6.30 on rumours that it may not survive the banking merger process. However, analysts still expect the bank, which is controlled by Quek Leng Chan, to emerge as one of the anchor banks. It has started talking to
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      • Article
        Lock icon Time dotCom a hot favourite
        65 15 INVESTORS continued to snap up the shares of Time dot Com, formerly known as Time Engineering, on news the company will float some of its assets to help repay creditors. It gained 4 sen to RM3.30, while its warrants rose 5 sen to RM1.37. Time
        65 words
      • Article
        Lock icon Utusan leads media pack
        91 15  -  Compiled by Eddie Toh UTUSAN Melayu jumped by a hefty RM1.51 to RM5.35 on heavy volume although interest in other media groups has subsided. All listed media groups in Malaysia came alive following news of the merger in the US between America Online and Time Warner.
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      37 15 27 t... ~.d Singapore l»909 8 T,.: 473 MB, F,,: ,73 113. mmP I 1453mm-4796mm-1810 mm. In human terms, it's the equivalent of a sexy 36-24-36. The Audi A 6. Audi nnnn Advancement through Technology VA. y
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  • SOUTH east asia
    • Article, Illustration
      Lock icon Manila worried over Ho's investment threats
      632 16 MANILA Estrada spokesman assures investors Philippines is investment-friendly AFP A THREAT by Macau casino mogul Stanley Ho to cancel all his investments in Manila could dampen investor confidence in the Philippines, President Joseph Estrada's spokesman said yesterday. "That is a genuine concern," presidential spokesman
      AFP; FILE PHOTO  -  632 words
    • Article
      Lock icon Riots worry Indon mine investors
      604 16 JAKARTA Output of tin, gold and copper hit by violence, theft Reuters VIOLENCE and looting in Indonesia has worried investors in one of the world's leading exporters of tin, gold and copper concentrates, sources said yesterday. Tin prices surged to US$6,OBO a tonne at the
      Reuters  -  604 words
    • Article
      Lock icon Thailand's National Finance trims loss
      260 16 BANGKOK Bloomberg NATIONAL Finance Pel, Thailand's largest non-bank finance company, said its loss narrowed last year compared witlr 1998 as cost of funds fell and it wrote back some previous bad loan provisions. The company lost 341 million baht (5515.3 million), or 0.28 baht per
      Bloomberg  -  260 words
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      Lock icon Thai paper buys Thailand.com address
      111 16 BANGKOK Bloomberg NATION Multimedia Group pel has bought the nation's most visible dot-com address: Thailand.com. Nation Multimedia, which publishes Thailand's largest business daily newspaper and the No 2 English-language newspaper, paid less than US$7 million (5511.7 million) for the Internet address. It didn't identify the
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      Lock icon BI may not need cash injection: minister
      225 16 JAKARTA Bloomberg INDONESIA'S central bank may not require a cash injection after an accounting oversight has increased its liabilities to equal its assets. Finance Minister Bambang Sudibyo said. Bank Indonesia (BI) has a 100 trillion rupiah ($23 billion) so-called "stabilisation fund" that has
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      1020 16 P THE NANYANG MM yiuv Technological •<■ool University V B ■■H^F International Hospitality Tourism teaching faculty with extensive management experience Bi-annual overseas Business Study Missions which connect you with industry leaders Inclusion into the expanding network of upper management professionals in the international regional Hospitality Tourism Industry Trimester system enabling
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  • EAST asia
    • Article
      Lock icon Fujian probe: China getting tough on graft
      513 17 BEIJING But crackdown on gmnggiing gram needs to go deeper, says HE politics prof AFP THE unmasking of a vast smuggling scam reaching into the heart of the government shows China is serious about tackling graft, analysts said. Beijing's decision to send 400
      AFP  -  513 words
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      Lock icon Nationalist Party built wealth with shady deals: book
      357 17 TAIPEI Stock nuns made with tips from govt officials, authors say AP TAIWAN'S ruling Nationalist Party, one of the world's richest political organisations, has built a US$lO billion (Ssl7 billion) fortune with the help of shady land and stock deals, a new
      AP  -  357 words
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      Lock icon Taiwan jobless rate at 2.92%
      196 17 TAIPEI AP Bloomberg TAIWAN'S unemployment rate climbed to 2.92 per cent last year, the highest in 14 years, the government said yesterday. More people were out of work because Taiwan has yet to recover fully from the Asian financial crisis, according to the Directorate General
      AP; Bloomberg  -  196 words
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      Lock icon Tung Chee-chen on PetroChina board
      240 17 HONGKONG Bloomberg TUNG Chee-chen, chairman and chief executive of Orient Overseas International Ltd, has agreed to sit on the board of PetroChina Co, a unit of China's largest oil company China National Petroleum Corp. "We can confirm (Mr Tung) was invited and has accepted an
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      9 17 I I WSmß\ 437 6853 437 6872_ 534 3132
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      167 17 IP®^ Vi/ S^^^^S < 1." '^■■1 VISION OF THE FUTURE It's here! The new 42wide Plasmavision Home Theater from Fujitsu General. Connect it to a TV tuner, DVD/LD/VCD player or VCR and transform your living room into a 'live' theater with all the comforts of home. And at only B.scm
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  • WORLD news
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      Lock icon EMI, Time Warner merger to create world's top record firm
      461 18 LONDON Their merged USs2ob music bnsinessll have strong Net presence Reuters BRITAIN'S EMI Group Pic and Time Warner Inc said yesterday they were merging their music businesses to create the world's top record company, worth US$2O billion (5533.6 billion), with
      Reuters; AP  -  461 words
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      Lock icon US banks strong vs Internet banks: Moody's
      412 18 LONDON Traditional core retail business unlikely to suffer Reuters US banks need Web-based delivery channels to maintain their competitive positions, Moody's Investors Service concludes in a recent report. "The Internet has already changed the structure of some industries such as retail brokerage and
      Reuters  -  412 words
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      Lock icon Japan Telecom to give up some overseas services
      321 18 TOKYO Bloomberg JAPAN Telecom Co, the nation's third-largest long-distance carrier, said a portion of its operations overseas will be absorbed by a joint venture between AT&T Corp and British Telecommunications pic to focus more on Internet and data services. Japan Telecom, which
      Bloomberg  -  321 words
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      Lock icon Web site lists India's corrupt top officials
      221 18 NEW DELHI AFP INDIA'S national corruption watchdog has taken the unprecedented step of publishing the names of top civil servants and police officials it believes should face criminal charges. And its chief said in comments yesterday that more was to come. The Central
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    • WORLD Watch
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        Lock icon Bell Atlantic profit rises 12%
        67 18 Bloomberg [NEW YORK] Bell Atlantic Corp, the No 2 US local phone company, said fourth quarter earnings rose 12 per cent as wireless phones proved popular holiday gifts and businesses bought more fast-data transmission services. The company said profit excluding one-time items rose to US$l.22
        Bloomberg  -  67 words
      • Article
        Lock icon Siemens profits jump after restructuring
        79 18 Reuters [FRANKFURT] Germany's Siemens AG propelled Its shares to an all-time high yesterday by reporting sharply higher-than-expected first quarter profits and raising its forecasts for the fall year. The group said income after tax and before extraordinary items more than doubled to 625 million euros
        Reuters  -  79 words
      • Article
        Lock icon Kodak's Q4 earnings climb 17%
        73 18 Bloomberg [ROCHESTER, New York] Eastman Kodak Co said fourth quarter profit climbed 17 per cent as sales rose for a fourth straight quarter, a sign Kodak's cost-cutting and marketing strategies may have ended 1997 and 1996's sales skid. Profit from operations rose to US$4O3 million
        Bloomberg  -  73 words
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        Lock icon Probe into alleged French cash for Kohl
        78 18 Reuters [BERLIN] German legislators will expand a graft Inquiry to examine reports a French state firm sent secret campaign donations to ex-chancellor Helmut Kohl at the behest of then-president Francois Mitterrand, an official said yesterday. "We will expand the focus of the inquiry,"
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      • Article
        Lock icon BA to change payment mode to agents
        61 18 Bloomberg [LONDON] British Airways said it will change the way it pays travel agents, in a bid to cut costs and win back passengers lost to rivals. The airline plans to pay agents set fees, replacing the percentage commissions they have hitherto received
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      Lock icon Free US tabloid faces suit from other papers
      434 19 LONDON Rivals say Metro Philadelphia's deal with transit authority is unfair NYT A NEW breed of daily newspaper that has had phenomenal success here and throughout Europe is facing its first test in the United States with Metro Philadelphia, which was to
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      Lock icon American Beauty takes 3 Globes
      905 19 Reuters [BEVERLY HILLS, California] Dysfunctional families dominated the Golden Globe Awards on Sunday with American Beauty taking three top movie awards, including best drama, and Mafia show The Sopranos rubbing out the competition in TV categories. American Beauty, starring Kevin Spacey and Annette Bening as
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      1174 18 ASEAN FUND LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of ASEAN Fund Limited wishes to make the following announcement: AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 1999 1999 1998 or (USS'OOO) (US$000) 1. Investment and Other Income 155 337) 145 58 Dividends and Interest
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      15 18 Just be at Dome Park Mall today to find out about our attractive subscription offer.
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      325 19 NOTICES W Tn ariwOrtiCQ roll Inll (mn HOHH "7 A•* or» 1 r 11. -I I IN THE MATTER OF THE COMPANIES ACX CAP. 50 AND IN THE MATTER OF TK VALVE SINGAPORE PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1)
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      124 19 NOTICE IS HEREBY GIVEN that I, LEE AH HIAK of Blk 107, Scrangoon North Ave 1, #01-675 Singapore *****7, have applied for a Retail Beer Shop Licence in respect of M/s Yong Fu Minimart located at Blk 107, Scrangoon North Ave 1 #01-675 Singapore *****7, and that this application will
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      316 19 BAN HOCK HM (FAR EAST) PTE LTD (In Liquidation) (Incorporated in tha Republic of Singapore) NOTICE NOTICE IS HEREBY GIVEN that a Final Meeting of tha Member* of tha •bovenamed Company will be hold at 316 Outram Road. #15-08, Tan Boon Liat Building. Singapore *****4 on Tuesday the 29th day
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      259 19 NOTICE IS HEREBY GIVEN that I, MUKESH S/O MANHARLAL SHAH of 10 Jalan Lempeng #13-01 Singapore *****7, have applied for a Retail Liquor Shop Licence in respect of M/s Bordelais Pine Wines located at 3 Seah Street #01-02, Singapore *****9, and that this application will be considered by the Liquors
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      599 19 nyvm^vmn KALFARM FINANCE LIMITED (Incorporated in the British Virgin Islands with limited liability) ("Kalfarm") PT KALBE FARMA TBK (Incorporated in the Republic of Indonesia with limited liability) (the "Guarantor") NOTICE TO THE HOLDERS OF THE U. 5.5100,000,000 GUARANTEED FLOATING RATE NOTES DUE JULY 1999 (the "Existing Notes") Notice of Modification
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      108 19 NOTICE IS HEREBY GIVEN that I, LIM HONG CHAY of Block 210 Bishan Street *09-357 Singapore *****0, have applied for a Public House, First Class Licence in respect of M/s Sushi-Tei Pte Ltd located at No. 9 Raffles Boulevard, *01-16/17/18/19 Time 2 Millenia Walk Singapore *****6, and that this application
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      160 20 IHI 11 I \S L t >M 1 The Parmigiani Fleurier TIMEPIECE BOUTIQUE IS NOW OPEN. THE FIRST OF ITS KIND IN THE WORLD, THIS EXCLUSIVE BOUTIQUE OFFERS DISCERNING COLLECTORS THE EXQUISITE TIME PIECES OF MASTER HOROLOGIST MICHEL PARMIGIANI. He has celebrated the art of time for over a QUARTER
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      133 21 MiNU'iK j\m 1 A PRIME EXAMPLE of Parmigiani's mastery of movement. The movement chimes AND Models with a perpetual calendar DISPLAYING DAY, DATE, 48 MONTHS INCLUDING THE LEAP year) AND A CORRECTOR AT 1 1 O'CLOCK FOR THE 1 day, are also available. fortune. Handcrafted ionica. another showcasing the ionic
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  • FINANCE & commodities
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      Lock icon Futures down in choppy trading
      283 22  -  SGX Derivatives TrsMngßeports MSd Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market was weaker yesterday following news of the surprise "Big Bang" which will effectively free up the domestic telecommunications market by April this year. Singapore Telecommunications' share price took a 10.4 per
      283 words
    • Article
      Lock icon Improved sentiment boosts futures
      248 22  -  MSCI Taiwan fatnres Lee Shu Weng Refco Singapore THE Taiwan market opened higher yesterday and managed to sustain its rally to close at 423.51, up 6.30 points. Investors were cheered by the improved domestic economy and Friday's rally on Nasdaq. Persistent foreign buying also provided good
      248 words
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      Lock icon Oil steams higher
      130 22 EMERGY REPORT Reuters [LONDON] Oil prices careered higher yesterday, pressed back towards nineyear peaks by fears that unbending Opec output cuts could leave consumers dangerously short of supply. Benchmark Brent crude for March was up 41 cents at U5526.76 a barrel in London by 1245 GMT, well
      Reuters  -  130 words
    • Article
      Lock icon CURRENCY REPORT
      312 22 Reuters London THE euro narrowly escaped a fall below parity against the US dollar yesterday after briefly sliding on disappointment the Group of Seven did not mention the single currency's weakness in their statement at the weekend. Although scepticism over the euro's potential to make a sustained recovery
      Reuters  -  312 words
    • Article, Illustration
      Lock icon Untitled
      1194 22 mterbawl cross rates Jan24 AS C$ —E*° Ffr P" HK$ ted t» N»U» Ytn Woa Ml N2jPith Pwo S$ tend «T HI} W Hmt USS Australia 0.946 6.178 0.655 4294 1.280 SM 28.670 48.081 0.690 7.383 2.496 *****4.056 26.602 LI05 3.716 L055 ***** 24.451 0J98 0.657 AtTJ 4538 J* 3
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      Lock icon Untitled
      1820 22 SICOM FUTURES Jani RU88ER (futures dosinq«s«t 5.30pm) RSS 1 CONTRACTS cents/kg) CIom Vokm Opm Month High Low Sott (towits) Interest Fod 00 113.25 100 Mar 00 116.25 900 Apr 00 120.25 May 00 122.75 RSS 3 CONTRACT (US cents/kg) Volume Own Month jfw Sott (toraos) Interest FtdOO 6400 64.00 67.50
      1,820 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Market buoyed by news of Internet tie-up
      2852 23 HONGKONG AFP H Ham Seng +59J4 HONGKONG shares rose 0.4 per cent in cautious trade yesterday, with lingering worries over US interest rates offset by news of Internet joint ventures by leading listed companies, dealers said. "Trading is cautious because of worries over
      AFP  -  2,852 words
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      Lock icon CHINA
      998 23 AFP Q Shenzhen B Index -OJ3 SHENZHEN B shares ended weaker yesterday, with most investors reluctant to build positions in the last week before the Chinese New Year holiday, analysts said. The B Share Index shed 0.33 point, or 0.4 per cent, to 85.12 on turnover of HK$32 million,
      AFP; Source: Credit Lyonnsis Securities(Asia) Ltd  -  998 words
    • Article
      Lock icon Telecoms and hi-tech stocks up
      2019 23 TOKYO AFP P Nikkei 225 *178.82 SHARE prices in Tokyo rose 0.9 per cent yesterday with high-technology and telecommunications issues benefiting from another record high on the US Nasdaq Composite Index, brokers said. "The Nasdaq's record-breaking run has prompted investors here to buy high-tech and
      AFP  -  2,019 words
    • Article
      Lock icon TAIPEI
      400 23 AFP n TP Index +13U3 TAIWAN shares jumped 1.4 per cent to a two-year high yesterday on strong buying of financial stocks, dealers said. "Investors are seeking bargains in financial issues whose share prices are relatively low amid sectoral rotation," said Jason Lin, deputy manager of Richmond Investment Consulting.
      AFP  -  400 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon Market ends flat amid profit-taking
      370 24 AFP H Composite Index +0.54 MALAYSIAN shares closed barely higher yesterday after a volatUe session of profit-taking mixed with buying interest in cheaper stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose 0.54 of a point to finish at 954.50 points, off a
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    • Article
      Lock icon Untitled
      8513 24 INDUSTRIALS Cowmw products 2000 Last Vol Day N«t Cap Lew Ciwpaay Ma 'OOP High L— P/l >mM 372 310 Ajlnomoto 370 US 150.0 116 91 Angkesa 111 unch 140 114 110 163.7 392 290 Apollo Food Hlg 380 2 23 300 378 9.1 1S2.0 2975 2725 BAT50< 2950 -25 302
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2871 25 BOHDS A WARRANTS Jan 24 it irih Ciprv Hta* LM SIM Caanun i** 1 UltOMt* tf| HUM C«W (Mf Ot»C Mh ww Lom fy I* (000) Hi# LM s*M< Prica (Murtfl *at» frtt* <*) a—im%2 un 30 !25 j!52 lti^wo, 1 n7li US$ unch <15 41 41 415 331 I
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      Lock icon SEOUL
      310 25 AFP Q Composite Index +1.61 THE Korea Stock Exchange Composite Index closed up 1.61 points at 926.77. Volume was 209 million shares worth 2.8 trillion won. AFP •It* 24 Hon Anam Semi I... ***** -750 Br am Tech 1770 -10 Central Ban* 2750 -100 ChetlComm *****0 -6000 Oae Gu
      AFP  -  310 words
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      Lock icon BANGKOK
      790 25 AFP Q SET Index -L7O THAI shares lost 0.4 per cent yesterday in quiet trade, with some selective buying mainly in small-caps and communications, dealers said. An analyst with Ocean Securities said the market moved in a narrow range mainly due to the lack of strong leads to support
      AFP  -  790 words
    • Article
      Lock icon MANILA
      297 25 AFP Q Manila -7JO PHILIPPINE shares closed 0.3 per cent lower yesterday, dragged down by expectations of lower corporate earnings, brokers said. The Philippine Stock Exchange Composite Index dropped 7.10 points to 2,055.56. Volume was 3.7 billion shares worth 1.3 billion pesos. —AFP _Jt <000 > WCAWed 0.67 0.07
      AFP  -  297 words
    • Article
      Lock icon WELLINGTON
      284 25 AFP Q Wellington -1159 NEW Zealand's share market ended down 0.6 per cent yesterday in light trade, with a residue of negativity following last week's small increase in the central bank's key interest rate. The NZSE-40 Index lost 13.59 points to 2,079.16 with turnover worth NZ569.2 million. AFP -H»z«
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      Lock icon SYDNEY
      606 25 AFP n All Ordinaries -&8 AUSTRALIAN shares closed down 0.2 per cent yesterday under the weight of falls in News Corp, Telstra and BHP, brokers said. The Australian stock market's key indicator, the All Ordinaries Index, fell 6.8 points to 3,096.6. Turnover totalled 1.2 million shares traded worth A
      AFP  -  606 words
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      Lock icon JAKARTA
      750 25 AFP H Composite Index -7.97 INDONESIAN shares closed 1.2 per cent lower yesterday amid concerns over social unrest, with trade largely focused on Lippo group stocks on the back of Internet euphoria, dealers said. "In general the market was dragged down by political factors. People are worried that the
      AFP  -  750 words
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  • Article
    Lock icon STOCKS sgx
    8709 26 MAIN BOARD Transaction date: Jan 24 Or Or M W« •*-Wk LM« Vai Day Last Owott Otv Mv VW N*t Cm Ay« H»gP L— 6tN* Ompany Bala COOP) High L— l»T»r 6a«ar Cvr H P/t 6mS Prict mxnmmnrr 102 67 me <000 Acm*50c 122 -3 247 120 120
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      61 26 tC% j^ L* Multiply your wealth. mil J*\ The Equity Investment Account from Citibank. mi W Gives you credit to invest in shares and interest on your positive balance. f JHBp y What better way to multiply your money? Call 339 7126 to open an account today Or visit our
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      256 27 Where to wine, dine and entertain...'^-Offering the lowest interest rate in town 4545 Fortune Abalone at #78 aa m SI CMMNIOO HIW n«OM KSWItNtr AT PLAZA PARKROYAL 7500 A Beach Road Singapore *****1 Tel: 298 0011 Fax: 292 4559 To Ring In The New Year Nothing brings in the luck
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      40 27 CELEBRATE THE LAST CENTURY WITH DE GRAND f hippy Hours s.(H)pm to 9. (H)pm per iniig Sft.SO* t I )r.ilt bur pir jug s2-» (tit >♦ fl free Titbits j i o i ol lik. j > l. Managing Owner Donato Mazzola
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      127 27 For Congress; Leva) 1 Tel: *31 2045 Treat yourself your guests to a wide selection of international favourites. Open for lunch dinner (Congr— Kopl Tlam) Level 1 Tat; 431 2045 Munch on local favourites snacks! (Joaquim) Lave) 1 Tel: 431 2062 Local delights buffet style> CP—rt River Patace) Level 3
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      27 27 Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang at 740 1284, Amy Choo at 740 1559, or Shirley Lee at 740 2290 now.
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      Lock icon Page 27 Advertisements Column 5
      26 27 live English entertainment. Happy Hours 6pm 9pm daily $s+++ on ail house pours 20% off other drinks j Reservations: I 10/6288 m Onturd R.wrf 2 1M67
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      776 27 PfevariMMlS Slayer: Bad Girls. VMMItt 3.00 Ragam. oOA num/i 11.00 Millennium: Saturn LOO PM Response TV. 330 Warna-Warni Muzik. S *00 S III"— tZ Laluan Sutera AMBelund The Velvet Willi Wuhlmouse. 5.00 Kidz Blitz: Sesame L OO Weekday Movie Zone: 5.00 In Celebration of My- J 1 V 1 Street.
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    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 2
      263 27 CRYPTIC CROSSWORD ACROSS catty lively in Surrey, for the most 1 Dress hangs on these hurdles P® rt a sports fashion (8-6) 6 Keen to take bread for cash? 9 Majority, chasing ambition, to- (5.5) wards the rear (7) 7 Playing a waiting game in a strip to Works out
      263 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon When the fad hits the firm
      781 28  -  If you're wondering whether your company's a fashion victim, PATRICK shows how you can tell PATRICK LAMBE IN the first part of this article ("Pitfalls of management fads", BT, Jan 18), I argued that taking management fads seriously is bad for business. What has
      781 words
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      165 28 A SPECIAL FEATURE SHIPPING TIMES 29 FEBRUARY 2000 KEEP YOUR BUSINESS FLYING HIGH If you are in the air freight logistic and related businesses, 29 February 2000 could bring unprecedented opportunities. That's because Shipping Times will publish a special feature to highlight the latest developments and the future of the
      165 words
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      161 28 THEj ACCOUNTS I M&JBM SOFTWARE 1 Includes logßggyi A/R, A/P SOME OF THE stocks BIG CLIENTS DO's INVOICING BmctDoßnaiisA. Order Processing Compact Metal Industries Ltd and FUtre (S)PteLtd. More.... Framework Building Products Pte Ltd Hexon Technologies Pte Ltd feWtgmjA Customize as^ inter Connect Pte Ltd r Karon* Secretarial Services Kings
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  • SHIPPING TIMES
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      Lock icon Piracy attacks worldwide soared 40% last year
      496 29  -  Indonesia, with 113 incidents, accounts for more than one-third of the global total By] Marcus Hand [SINGAPORE] South-east Asia remains a black spot for piracy, contributing to a 40 per cent surge in attacks worldwide last year with a total of 285 incidents
      FILE PHOTO  -  496 words
    • Article
      Lock icon FREIGHT MARKET
      278 29 Bridge News Reuters PANAMAX rates in the Atlantic continued to decline, with reported fixtures offering little encouragement to owners despite increased chartering enquiry, brokers said last Friday. In the Far East, a good volume of pan am ax business was conducted on a private basis and rates appeared
      Bridge News; Reuters  -  278 words
    • Article
      Lock icon MARITIME STOCKS
      297 29 MX '000 S$ VI CWT Distribution 1.19 unch 10 Chuan Hup 0.39 -0.01 4213 Cosco lnv*stm*nt 1.04 0.01 35 Fr*»ght Links 017 unch 318 G8 Holdings 0.86 unch 4 Hal Sun Hup 0.79 -O.OI 120 IMC Hokttngs-HK —5.60 unch 0 J«y« Hokltfvtjs 1.19 -0.01 186 Jurong Shipyard 1.62
      297 words
    • Article
      Lock icon Hitachi Zosen wins US$280m order
      268 29 Japanese yard beats Korean competitors for deal to build 4 tankers for Bergsen Bloomberg [TOKYO] Hitachi Zosen Corp, a Japanese maker of ships and heavy machinery, received a US$2BO million (*****.6 million) order for four oil tankers from Norway's Bergsen dy ASA, beating its low-cost
      Bloomberg  -  268 words
    • Article
      Lock icon EU okays German aid for Indon ships
      195 29 AFP [STRASBOURG] The European Commission gave Germany the green light to subsidise the construction of two passenger ferries for Indonesia, but cast doubt on similar aid for four Dutch-built vessels. Meeting in Strasbourg, the EU's executive arm said it was reassured that the
      AFP  -  195 words
    • Article
      Lock icon APL sets up business unit in France
      313 29 NOL takes first step towards beefing np European operations (SINGAPORE) Neptune Orient Lines' (NOL) container shipping arm APL is setting up its own business unit in France, the first move in a plan by the national shipping line to beef up its European
      313 words
    • Article
      Lock icon Port Klang's volume hit record 2.55m TEUs last year
      176 29 Malaysia's Port Klang's container throughput hit a record high of 2.55 million TEUs (20-foot equivalent units) last year, up by 40.1 per cent from 1.82 million TEUs previously, officials said. The peak volume was achieved in December with 241,996 TEUs compared
      176 words
    • SHIPPING news
      • Article, Illustration
        Lock icon Weak lines in S-E Asia
        576 30 The generally poor credit quality of shipping firms won't change in near term, says S&P AFX-Asia [SINGAPORE] THE credit quality of the 10 biggest listed shipping lines in South-east Asia is generally weak to vulnerable and this situation is unlikely to change in the near-term,
        AFX-Asia; FILE PHOTO  -  576 words
      • PORT Shots
        • Article
          Lock icon HK's North Point cruise pier dropped
          81 30 CHEUNG Kong Holdings has abandoned plans to build a second cruise terminal in Hongkong's North Point area following objections from the Town Planning Board. The new development plan submitted to the government keeps a new hotel development but drops the proposed cruise terminal. The
          81 words
        • Article
          Lock icon UK sets higher standards for ports
          80 30 THE UK government has issued new guidelines to improve the performance of the country's more than 100 trust ports, including Dover and Milford Haven. The government believes the ports lack the accountability and management practice of other, commercially rim ports around the UK. The
          80 words
        • Article
          Lock icon ROC claims fastest cruise ship
          104 30 GREEK firm Royal Olympic Cruises has announced that the Olympic Voyager, its 25,000 gt newbuilding due for delivery in June, will be the "world's fastest cruise ship". "She will be the only cruise ship to sail three continents in seven days," the company boasts, with
          104 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      178 30 PAGE Delmas 4 ACL 6 8 ANL 3 Donqnacrw 3 Accord 8 ECL Appenship 5 ECULine 6 Austral 8 Evergreen 6 BalajiStipg 5 foongSun 8 USA 7 C Link 4 B t«Xj Mis 8 Gemartrans 6 CCNI 7 Hangli 7 CMA 8 3 Columbus 8 Heung-A 4
      178 words
    • Article
      Lock icon SHIPPING GUIDE
      19688 37 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 To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (AB J) 2003 Cote D'I voire 02/02 27/02 Norsui csav santos oms b-jwoji
      19,688 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        761 41 Vessel Voy No Berth Arrival Departure BtBtJaya ***** 24/01/8:00 24/01/20:00 E link 3 4 J04 24/01/8:15 24/01/23:00 Roda lit IW NtOI J02 24/01/7:10 25/01/8:00 lop Concord UclOO J22 24/01/9:00 28/01/8:30 C Proqress 24-Jan J09 24/01/9 20 24/0V16.OO Bt Diamond ***** J01 24/01/10:00 24/01/18:00 IKtutkm 68 JU 24/01/9:45 25/01/22:00
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        Lock icon CONTAINER SCHEDULES
        1959 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From AC» JAOC 90S 24/23*0 II 23/1500 23/1*59 23/m» 2A 21/1700 24/0*59 24/0900 21 23/1700 24/0*59 24/0900 API CHINA 04K 26/1VOO IB 23/1500 23/1*59 23/1900 2A 23/1700 24/0*59 24/0900 21 23/1700
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        Lock icon VERITAS BUNKER QUALITY REPORT
        544 41 Carbon 180 Mil 990.5 0.6 19.0 0.08 78 0.06 j«n 20 Density Water Residua Ash Aluminium Sediment above £25 0 0 20 0 2-2. 1 380 AM 985.3 0J M.I 0.05 36 0.02 til2 380 Mm 992.5 t7 17.7 0.09 72 0.05 Wl »/V w/M M/M
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        Lock icon GLOBAL HOLIDAYS
        203 41 Jan 24 New Zealand: Market and Public Holiday. Wellington Anniversary Day. Jan 31 New Zealand: Market and Public Holiday, Auckland Anniversary Day. Feb 0 New Zealand: Public Holiday, Waitangi Day. Germany: Epiphany Day. Sweden: Epiphany Day. Mar 10 Indonesia: Hari Raya HajiMalaysia: Hari Raya Haji. Singapore: Hari Raya
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        Lock icon CQCKETT BUNKER MARKET REPORT
        812 41 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change
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    • AIR & LAND transport
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        Lock icon Class action suits against Mobil seek above A$100m in damages
        478 42 AUSTRALIAN AVIATION FUEL CONTAMINATION CRISIS Compensation sought for cost of repairing damaged aircraft engines and lost income Reuters [MELBOURNE) Two law firms lodged class action suits against Mobil Oil Australia Ltd on Monday seeking more than Asloo million (Sslll million)
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        Lock icon Air travel becoming safer
        160 42 Reuters [LONDON] Air travel became safer in the last decade compared with the 1980s despite a higher number of airline accidents, according to a report by Flight International magazine yesterday. The number of airline accidents worldwide rose by 28 per cent to 480 in the 1990s
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        Lock icon Electric cars for rent
        98 42 [YOKOHAMA] A man gets into an ultra-small Hypermini EV of Japan's Nissan Motor Co at a parking lot of the MM2I business and shopping district in Yokohama. The new electric vehicles are being used as rental cars by private companies located in the district for their
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        Lock icon BA to change travel agent payment scheme
        224 42 Bloomberg [LONDON] British Airways is to announce details of a new travel agent payment plan which a newspaper reported could include an end to paying agents a percentage commission. The Sunday Business newspaper reported last weekend that BA would replace percentage commission payments
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        Lock icon Manila's rail transit may become financial fiasco
        483 42 Passengers carried daily way below 400,000 projected Bernama [MANILA] Lower-than-expec-ted passenger load has spawned fears that the US$655 million (551.09 billion) Metro Rail Transit (MRT) 3 may turn out to be a financial disaster. Since it began its commercial operation last Dec 15,
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        Lock icon Baggage handlers strike at Zurich airport
        101 42 Reuters [ZURICH] Zurich Kloten airport said yesterday that baggage handlers started a strike at 0430 GMT and had demanded talks with management. The airport said the strike was a surprise and that passengers were having to carry their luggage to the planes themselves. A
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1857 42 OTT HJ6WT ra FU6HT Q> AMaMt 8A738I 1930 8A7382 2050 Of 81 1930 0f82 2050 tllUlMl S0803 1910 CZ354 0910 AM8229 2230 C2351 2W5 MM WC LH6380 2230 H«m< VII741 1310 ****** WO M229 Im VNS0743 1925 AMSttftfM KL0843 0525 GA974 0120 Matv* TG407 1545 *1894
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      434 29 People imiuiHM Cathay Pacific Airways has appointed FACS Maritime Studies Centre is Cfcung Malt as its country manager for organising the following two-day Singapore, replacing Anqus Barclay. workshops in Feb. For enguiries, call Mr Chung, who has been with Cathay 339 2898. Pacific since 1992, last held the position Feb
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      53 29 Poor credit ratings for major S-E Asian lines page 2 yWV| *71 J-r Y [I ill \=fc f V 1 Any Destination, Any Time. Sailing schedules to the Americas more. 24 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by ThkKisinkssTimks SIIim.ViTIMKS i
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      769 30 FlWßi'l i woftwaw—« i H SUPER SHUTTLE EXPRESS (SSX) [GULF KARACHI EXPRESS (QKX) vcsa I voy a I ill """"I pkiang vtssa I voy I dmn Imn Ikwtlxa mo I cmo [nuns HT OOCI JAPAN MWSS3 05/01 13/01 25/01 NYK CASTOR 15WS01 12/01 30/01 01/02 HO NEDUOYD MELBOURNE 071 14/01
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      726 30 i i Lines services represented [lihNl Members of the Registry of Members of the Vvkgw// Accredited Shipping Agents, Singapore Logistics Association. S pore Notional Shipping Assoc. Q ULY UNE MALE VISSCI VOY ETA HS ETA P. KLAHG SPOBE MALE Princess Lily VPIOO 26/01 28/01 09/02 Empress Lily VO2OO 13/02 15/02
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      1152 31 jar Y Vl^FI SAX SERVICE (DIRECT) vtssa voy awn* lax oak m nou ch ax mem jah 1 kyc VIGMNn om 26/01 10/02 15/02 15/0? IS/01 IS/02 15/02 15/02 l*/tt lt/02 **SHNB 017t 02/02 17/02 22/02 22/02 22/02 22/02 22/02 22/02 23/02 23/02 AWTMQUOISf om 09/02 24/02 29/02 29/02 29/02
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      1920 31 HANJIN SHIPPING iikF I «s tWr«i Lo« SAs 23W230 HAWJW SWmWG (S) m ill) H, /wm Um lm IOOBWC *****3S 237 SAUS *****34 7M POtUMtMT ?3?0?;i 774 OfHATIQUS *****50 751 HJM UWt *****5S fu *****60 CI MO H*****0000M TO NW USA CANADA "USA CANADA* rot vsi/voy r»*M SM uni hau/voy
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      80 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73/*****63 Email: wgate@mbox2.singnetcom.ag Calcutta Iport louis 126/01 Karachi feo LOMBO 128/01 I m I If ll V KARACHI/LAHORE 30/01 Bombay V /Madras bom bay I MADRAS/BANGALORE
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      1667 32 DSR-SENATOR UNES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtSSEL VOY SIM LtH HTM HW IW a» VESSiL VOT SBI GIT FOS W.C MTU PUOOMG SENATOR 001 ?W 25 01 11 C 13 02 14 ID 15 02 11 12 17 02 SHANGHAI SENATOR OS3SW 2711 13 R 15 02 17 12 UK
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      965 32 S PORE M'SIA I Cantor MM COHTR LINES, IMC P. QUOANG: (07) *****26 I I IV/ J on NOi ISOOSTSOOOOC SOU: (084) *****9 MAMLA (632) *****24 PENANG: (04) *****36 BANGKOK; (662) *****67 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKTi (21) *****46 KUCHING (082) *****1-3 BELAWAN 'KWAI CHUNG EXPRESS' V.
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      671 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/ COLOMBO VMMI S PORE N SHE** COLOMBO P KLAMG TULSIDAS VllB 25 JAN 02 FEB M FEB 12 FEB TARPON SILVER VIIOW 31 JAN FOB MSO4UCWC OWTCAPE CREUS VIOIW 31 JAN OS FEB 13 FEB IB FEB CAPE CANAVERAL VIIBW 07 FEB 11 FEB 71
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      1844 33 VESSEL VOV KHH HKG SIN PKQ DXB DMM BA I BIK IRAN SATTARI PCL-138 19/01 21/01 25/01 26/01 05/02 06/02 08/02 10/02 IRAN BAAKERI PCL-139 26/01 28/01 01/02 02/02 12/02 13/02 15/02 17/02 IRAN HESABI PCL-140 02/02 04/02 08/02 09/02 19/02 20/02 22/02 24/02 IRAN SHAHRYAR PCL-141 09/02 11/02 15/02
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      997 33 FEB 2000 ACCEPTING COO 1 TO DAKAK, LAGOS, TEMA A I AMMM VIA GENOA I »0«0»IHSO*«D TEL: 2261«0 F»X:*****0S OCITW«D(l/L| 420M02 tOWSEOfFKt "~"^™l I COSTAIt SNIPPING PTE LTD #12-00 SALES/IKGS *****57/43 INWARD DEPT ID/0) *****5S COSTM ifiENCIIS (Ml CAN BHII T/SHPIU Dtp! l X *****2S WL ISA/nam SSm 311, m
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      1192 33 I EUtOPE EXPRESS SCRVICE EXPORT IMPORT iJSor.,.r?, HSLim. m IJW, ijwg. PUiMSM .OIW.OI/07 11,01 OU> CIM O.Ji MO 111 iril M'J HJPOtTUNO 036W 09/02 25/02 27/02 28.02 79/02 01 03 02 03 HJ AMSTIRDAM OCT! 13*01 '15/01 18/01 "19/01 WoM<t o«w 15/0? 03/03 j 05/03 04/03 07/03 00/03T***** HJ OSLO
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      1446 34 EUROPE/UK/SCAN DINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL SGP E DYNAMIC RW OM 29/TII 17/02 ***** 20/02 22/02 23/02 24/02 E RESULT RE 028 04/01 06/01 05/01 07/01 09/01 21/01 E DAINTY RW 014 05/02 24/02 01«J 28/02 28/02 29/02 01/03 E RENOWN
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      1003 34 n ADVANCE CONTAINER LINES (PTE) LTD iX Ij I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****2128 OPERATIONS: *****60/ *****05 CR NO **********0E iANCKW Uill—«/Wt* JAKARTA •(7 Ullif»/w—t) VESSEL VOY HN HOC VESSa VOY 5H 1 JKT KOTA RATNA (FAI/LCH) RNAIB9
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      431 34 50 TELOK BLANGAH ROAD *02-02 OTIPORT CENTRE S PORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSa VOT FT* ETC) OESTMOVN NMUKWA M2OOO 2M***** 2M>***** PKfI*ANGPKL VUtt OWKAJM MAGAU2 EXT 2MI/ZM 2901.2000 MSHNIWMMmfMMNBMMS UMMU *****0 31«***** 0102,2000 MALXYSMM PORTPONTMNM MGURI *****0 *****000 *****000 MMATSAN
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      412 35 BSA j. Wm< MYANMA pBBk FIVE STAR LINE T (Myonmar National Line) Loading for Yangon (Rangoon) VESSEL VOY SIN PKI PEN PGU SITTWE 91W 31/01 HPA-AN 267W 01/07 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL HI (03) *****00 PKL TEI (03)*****01 PEN. TIL (04) *****02 PGU: HI (07) *****21/4 BANK LINE
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      1286 35 HMM^ HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY ISM SOU IB! HTXH ANT HAM WRV FB [VBSE VQT|SOU|IBI|KTM[ANT|HAM|MtV| Ffl **5T HY ADMKAL 324W 27/01 14/02 19/02 16/02 17/02 NOHOUTT 0171 07/01 08/01 02/01 04/01 26/01 NOL CORAL 012W 28/01 18/02 19/02 13/02 15/02 MY (AXON 3231 03/01 01/01 05/01 06/01
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      1200 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYLIFT SERVICE" jVESSEL VQY RAMP HEIGHT SIM lUC MAO MIA SAV lAi ORF MYC NEvTTMOn TOURCOING AHOO3 400 Tons 6.3 M 2S/01 23/02 02/03 05/03 OTTOT OVOT 10/03 12/03 16/03 1^03" TAPIOIA AHOO4 400 Tom 6.3 M 11/02 10/03 19/03
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      1883 36 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTMNER SERVICE va m sw m i stp m w «a hb tfIEWUU) m IS/01 MO2 06/0? oe a? 11/07 usuui in 03/0} oi/o} m/wu/m io/o?~ rto *D KtSMW 00/0} tt/W »/W B/07 2S/0J miyanr is/o? ii/o? v/vi n,"oral FEEDER SERVICE TO INDONESIA WI
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      46 39 FAR EAST EUROPE LINE I Direct Breakbulk/Container/LCL Service to Manila/Guam/Saipan Agents: V-Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius Turn To Pg 5 Wilhelmsen New Europe To [S MIDDLE EASTI China Shipping (S) SE AS A Agencies Pte Ltd 7 (Barwil)
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      84 41 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
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      139 42 news travels fast IN SINGAPORE, when you want to reach out to a select target audience in the transport and logistics industry, only one daily oilers you the advantage ot maximum reach at minimum cost. And that's Shipping Times. Shipping Times brings you not only the daily news but also
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