The Business Times, 1 February 2000

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Microfilm: NL21769
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MITA (PHJ35&2Z1999 85C SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, FEBRUARY 1, 2000
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  • Article
    Lock icon MARKET SUMMARY
    55 1 sn (-54.63) BT-SRI M&21(-20.00) nsaBdPIITDIES mM mjso M 0.70) STOCK MARKET INDICES Monday Change KLSEOOMP *22.19 -1147 MIKKE1 MMJSENG 15U2J4 -***** SgTWDEX ***** +112 JAKARTA COMP ***** +1.70 MANILA COUP —1,989.43 +29.94 TAIPEI WPt 9,***** +198J1 SEOUL COMP ***** +121 CL8A CHINA B dosed AUSTALLOBD 3,096.0 +11 llan
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  • Article
    Lock icon FINANCE
    79 1 FOBEX SATES USS St USS 1.704 £(US$/S$ per 1.822 1702 KUBOflSS/SS/E) 6J61 1.671 DM 1.996 18M YEN 1065 1 m RM 1800 0.448 HKI 7.781 A219 BAffT J753 9.045 RUPIAH 7,426 0023 'Stic 100 units FUME BATES SINGAPORE* 638 KUALA LUMPUR 7.«7 JAKARTA J9Q0 BANGKOK J.50 MANILA U 00
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  • Article
    Lock icon SGX disputes KLSE version of meeting
    796 1  -  KLSE statement misleading, says MAS spokesman From Eddie Toh in Kuala Lumpur THE Kuala Lumpur Stock Exchange last night claimed that its Singapore counterpart has recognised Effective Capital's proposal as a "comprehensive solution", but a Singapore Exchange spokesman described this as "incomplete and misleading".
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  • Article, Illustration
    Lock icon BMW pushes ahead to set up My-owned units in Asia
    564 1  -  It will take over import, wholesale in key markets By Christopher Tan [SINGAPORE] Luxury car maker BMW yesterday said it will push to set up fullyowned subsidiaries in Asia, in line with the group's strategy to assume import and wholesale
    ARTHUR LEE  -  564 words
  • Article, Illustration
    Lock icon Stats' $7.5b market cap makes it 10th biggest stock on SGX
    397 1  -  Share debuts at $7.85,121% above its $3J>54 offer price By Jennifer Lien [SINGAPORE] ST Assembly Test Services (Stats), which made a stellar debut on the US Nasdaq market last Friday, yesterday saw its shares reach $9 before retracing to
    Source: Bloomberg  -  397 words
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      Lock icon Page 1 Advertisements Column 1
      85 1 DffgDE Sacking of Wlranto President Abdurrahman Wahid says he'll sack Wlranto (above) over the Timor debacle. Pgl4 Market Cap Market worth of Singapore listed companies down 5.4% in Jan. Pg 3 Full list of ranking. Pg4 BT Comment Lee Han Shih on impact of govt policy on HDB resale flats
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      48 1 liw Mm IRR^HRiMPPPi Rare handcrafted 18K white or yellow gold timepieces set with exceptional diamonds from the Harry Winston Collection. HARRY WINSTON |h| NEW YORK BEVfRLV HILLS PARIS GENEVA TOKYO OSAKA Exclusively at: B The HourGlass Takashimaya S.C. #01-02 Tel: 734 2420 Scotts SC. #01-09/10/11 Tel: 235 7198
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      23 1 Fall statements from KLSE, Next Page Hang Seng t REPORT Py 15 CT| (lown w I I r^ r > pts COMMENTARY l' (j
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Small Net worth
        126 2 WE know that loss-making Internet companies such as Mediaßing.com have listed on the Singapore Exchange (SGX). But have you heard of a company with no revenue listing on SGX? In an interview with BT, iProperty chief operating officer David Leong at first said iProperty could well be
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      • Article
        Lock icon High finance
        48 2 FINANZPLATZNews, the newsletter to promote Frankfurt as the European financial centre, reported in its January issue that the city holds occasional skyscraper festivals when locals are encouraged to visit skyscrapers, admire them and journey to the top And we thought the Germans only had beer festivals!
        48 words
      • Article, Illustration
        Lock icon Logic's rival
        43 2 ONE local banker surveying the competitive strategies of some of his rivals had this observation to make: "The biggest strain to acting logically is competition." Let's hope our bankers are not driven to acting crazy as the competition is only beginning.
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      • Article
        Lock icon Web world of sports
        75 2 SINGAPORE'S largest sporting goods retailer is about to open an online store to catch the growing segment of cyberspace shoppers. The 25-store World of Sports says online shoppers can get unreleased, limited and special edition items. This means they can preview and order in advance products
        75 words
    • Article, Illustration
      Lock icon Report overstates size of S'pore's liabilities, says Dept of Stats
      587 2  -  It says inclusion of interbank loans in estimate of external debt is misleading Reports by Anna Teo [SINGAPORE] A new set of external debt statistics published jointly by the World Bank and three other international agencies overstates the size of
      587 words
    • Article
      Lock icon 30% of S'pore's $10.5b corporate loans come from UK
      328 2 Foreign firms account for three-quarters of S'pore external debt at end-1997 [SINGAPORE] The United Kingdom is Singapore's largest creditor country, accounting for nearly one-third of the corporate sector's $10.5 billion overseas loans at end-1997. Two foreign oil companies and one foreign
      328 words
    • Article
      Lock icon Statement on Effective Capital's offer
      372 2 Full statements by the Kuala Lumpur Stock Exchange [KUALA LUMPUR, Jan 31] The Kuala Lumpur Stock Exchange (KLSE) met with Singapore Exchange Ltd (SGX) today in Kuala Lumpur to discuss the Central Limit Order Book International (Clob) issue. During the meeting, SGX conveyed its position
      372 words
    • Article, Illustration
      Lock icon KLSE views Melewar, SIAS claims seriously
      770 2 [KUALA LUMPUR, Jan 31] The Kuala Lumpur Stock Exchange views seriously the claims made by Bintang Melewar Sdn Bhd (BMSB) and allegations and misrepresentations made by the Securities Investors Association of Singapore (SIAS) on the Clob issue. daJmimadebjrßtntaiif Male* arHdn Bhd Bintang Melewar Sdn
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  • SINGAPORE companies
    • Article
      Lock icon Market cap of listed companies down 5.4% in Jan
      721 3  -  Tech firms like GES, Global Tech continue to climb np market worth ladder while Wing Tai, Cycle Carriage slip By Wong Wei Kong CONTRARY to expectations at the end of last year and even early this month, the market worth of
      721 words
    • Article
      Lock icon Del Monte—for solid products, margins, gains
      768 3  - Del Monte —for solid products, margins, gains HOCKirra^iravi wong wei kong NOW that the Singapore market appears to be hostage to gyrations on Wall Street and US interest rate movements, maybe it's time for investors to start trawling for stocks that are not tied so closely to the Dow or
      768 words
    • Article
      Lock icon ST Engg short-sellers caught out
      307 3  -  SGX initiates buy-ins at 6% above Jan 21 closing price Flo- Ven Sreenivasan SHORT-SELLERS of ST Engineering were caught wrongfooted yesterday as the Singapore Exchange initiated buyins at up to 14 cents above the prices at which the stock was sold down 10 days ago.
      307 words
    • Article
      Lock icon Portfolio flows to Asia seen growing, bias towards equities
      443 3  -  Korean won is JP Morgan's top currency pick By Wong Wei Kong PORTFOLIO flows to Asia are expected to strengthen in 2000, and while there will still be a bias to equities with currencies remaining attractive bets, interest is broadening in
      443 words
    • Article
      Lock icon Globe Telecom plans US$300m expansion
      190 3  -  Prom Al Labita in Manila GLOBE Telecom, Singapore Telecom's listed joint venture with Philippine conglomerate Ayala Corp, will spend US$3OO million (*****.9 million) this year to upgrade and expand its wireless network. Globe president Gerardo Ablaza said the capital expenditure, the company's largest in a
      190 words
    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      2890 4 RANK COMPANY MKTCAP CHANGE PRICE CHANGE PE JAN 31 DEC 30 FROM JAN 31 2000 FROM RATIO 2000 1W SSM DEC 30 '99 DEC *****0 1 1 SingTel *****.0 -18.0 2.82 -18.0 22.0 2 2 DBS Grp *****.0 -16.2 22.80 -16.5 99.6 3
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    • Article
      Lock icon C&C wins sole distributorship for Korea's Kia
      427 5  -  This is expected to raise group vehicle sales by more than 20% in year two By Christopher Tan LISTED motor group Cycle Carriage has secured the sole distributorship for Kia of Korea, a move that is expected to boost group vehicle sales by
      427 words
    • Article, Illustration
      Lock icon OUB appoints Lien's wife non-exec director
      204 5 OVERSEAS Union Bank has appointed Lien Ying Chow's wife, Margaret Lien, as a nonexecutive director with effect from today. The 57-year-old Mrs Lien is a director of Lien Ying Chow Pte Ltd and Wah Hin Co Pte Ltd. She is also a member of
      204 words
    • Article
      Lock icon IFS offers online factoring service
      133 5 MAINBOARD-LISTED International Factors (Singapore) Ltd (IFS) yesterday signed a strategic alliance with Commerce Exchange to offer online factoring services to clients. IFS, which is investing about $300,000 in the first year on this project, will be the first financial institution in South-east Asia to offer
      133 words
    • COMPANYBriefs
      • Article
        Lock icon No known reason for price falls: NOL
        42 5 NEPTUNE Orient Lines (NOL) said it was not aware of any reason for yesterday's and last Friday's increased trading volume and price movements of its shares. Yesterday, NOL lost 22 cents to close at $1.70.
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      • Article
        Lock icon Corrections and clarifications
        56 5 ST Engineering (STE) has clarified that its actual 1999 profit attributable to shareholders was $200.5 million as announced by the company. An article in BT on corporate earnings yesterday had cited Barra Global Estimates' 1999 forecast profit of $193.9 million for STE instead of the reported figure.
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    • Article, Illustration
      Lock icon Roly back in the black with US$3.1m interim gain
      486 5  -  It plans to launch children's Internet portal in China By Ling Su Ann MAINBOARD-LISTED Roly International has swung into the black for the half-year ended Oct 31 and it plans to launch a children's Internet portal in China this year. The
      FILE PHOTO  -  486 words
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      Lock icon Page 5 Advertisements Column 1
      376 5 ,V BEST-SELLING BRAND B~ I fflmfrrJ ?BiBMi^KBR Mlfflraffl!/ -> i I I (A t* M B mr hH XL w W ■r AW n4\iiU|H pr- .A iI. f#i /Jf ■r B fei yr v HHPVW: P»p, BF. I .g- I^H«fc J|^^| PHHHHHHMBIH^HHB^HiHHHBMBiS»t, >\ iIHHMHIHHHHII^^^Hi wards auto world The moment you
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      491 6 Stocks Volume ST Assembly 25c 27.546,000 MultiChem 5c 21,450,000 NOL 20.422,000 MMI HkJgs 10c 15,307,000 ICTHKIOc 14,556.000 SingTel 15c 12,414,000 Fastech US10c 11,540,000 *TanChonglnt50c 10,110,000 l-Comm US5c 8,609,000 Hotung Inv NT5 8,037,000 Stocks ST Assembly 25c 222,580,150 PacificCentury 75,390,259 DBS Grp 62,570,704 OCBC 41.821,732 NOL 35,823,710 SingTel 15c 35,136,692 SI
      491 words
    • Article, Illustration
      Lock icon Lack of liquidity in ITE shares makes warrant a risky play
      195 6  -  WARRANT WATCH Ven Sreenivasan THE warrant issued by ITE Electric Co was the biggest percentage gainer yesterday as it edged 2.5 cents or 14.3 per cent higher to close at 20 cents. Volume was 284,000 units. This was despite
      195 words
    • Article, Illustration
      Lock icon Blue chips bear brunt of selldown sparked by Wall St
      579 6  -  STOCKS v.sreenivasan INTEREST rate-sensitive stocks fell as caution weighed on the market ahead of today's US Federal Open Market Committee rate-setting meeting, the first for this year. The Straits Times Index bounced off a low of 2,223.41 to end the
      579 words
    • Article, Illustration
      Lock icon Selling of SingTel may be overdone
      261 6  -  HOT STOCK By Wong Wei Kong SHARES of Singapore Telecom continued to lose ground yesterday and fell in line with many other big issues. Finishing among the session's most heavily traded shares, Sing Tel closed at $2.82, down 5 cents or 1.7 per cent.
      261 words
    • Article
      Lock icon Diary of events
      84 6 Tuesday Feb 1 Singapore ♦8.40am. HDB's 40th anniversary birthday bash ♦10am. Launch of ID.safe Certification Authority Services ♦10am. EDB industry briefinj on resource development ♦lpm. Media invite: Research Institutes Centres for Intellectual Property Alliance Singapore United States Washington: 9am. The Federa Reserve's policy-setting Federal Open Market Committee
      84 words
    • Article, Illustration
      Lock icon US$ sharply higher after exploding in NY on Friday
      520 6  -  CURRENCIES larry wee ASIAN currency markets woke up to a sharply higher US dollar against most currencies, after it was bought with a vengeance in US trading last Friday. Players reported that frenzied unravelling of huge short US dollar positions across
      520 words
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      Lock icon Page 6 Advertisements Column 1
      143 6 fIS), YOUR FAMILY MORE THAN W-C MEMORIES Leaving your assets to your loved A ones should he a simple and uncomplicated thing. \\\m But without careful planning, i good intentions may not be enough. V At Ihe Breakthrough Group, we help you IE- protect and preserve your wealth, and plan
      143 words
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      Lock icon Page 6 Advertisements Column 2
      23 6 Access to IPO placements. Just one more reason to join DBS investor Online Call us at 323-3955 to find out more. ©DBS BANK
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      47 7 I (mica. wristn utch with I U l WL jjMr w The I inest handcrafted timepieces I at the world's most exclusive timepiece boutique. I A celebration of time. I .itnrtr Intonutionjl IV l td. > ()ivhjrd RojJ. »0l -2~ I\ir;«-j«»n. Singapore Y>W. Id: ~?4MMI av !h I
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Bank loans down 3% in December
      293 8  -  By! Soh Tiang Keng COMMERCIAL bank lending to non-bank customers fell in December last year but at a slower rate, according to latest figures from the Monetary Authority of Singapore. Year-on-year, total bank loans slipped 2.9 per cent to $147 billion against a 3.5
      Source: MAS  -  293 words
    • Article, Illustration
      Lock icon NSTB chairman named EDB's 2nd deputy chairman
      271 8 PEOPLE TEO Ming Kian, National Science and Technology Board chairman, has been appointed second deputy chairman of the Economic Development Board. Hang Chang Chieh; deputy vice-chancellor of the National University of Singapore, and five industry leaders have also joined the EDB board. EDB,
      FILE PHOTOS  -  271 words
    • Article, Illustration
      Lock icon Strong regional, local interest expected for Clarke Quay MRT site
      625 8  -  99-year leasehold site could fetch $400m-ssoom By Kalpana Rashiwala THE tender for the site above the Clarke Quay MRT Station closing tomorrow is expected to generate strong interest from Singapore and regional players, including a few Hongkong parties such as
      Source: URA  -  625 words
    • Article, Illustration
      Lock icon Half-Life ban hits local game industry
      459 8  -  By Andrew Wee A BAN on Half-Life, the wildly popular computer action game, has hit local game stores hard, reducing the revenue of some by 70 per cent. In a letter to Half-Life's distributor, Berkeley Multimedia, dated Jan 24, the Ministry of Information and
      459 words
    • Article, Illustration
      Lock icon Sun, NTU, IDA launch $5m Java Tarik II
      450 8  -  Scheme aims to make S'pore a hub for information services By. Elizabeth Su YOU can drink to Java Tarik 11, a new $5 million initiative from Sun Microsystems Inc, Nanyang Technological University (NTU) and the Infocomm Development Authority of Singapore (IDA). It
      FILE PHOTO  -  450 words
    • Article
      Lock icon Engineering sector raises value-added per head by 7.7%
      433 9  -  But output in real terms up just 0.7%; in nominal terms it fell 0.5% due to Asian economic slump Reports by Engene Low VALUE-ADDED per worker in Singapore's engineering sector grew a healthy 7.7 per cent last year to $55,437. Output, however,
      433 words
    • Article
      Lock icon Three MNCs receive manufacturing HQ status
      277 9 THREE multinationals in the engineering industry received Manufacturing Headquarters (MHQ) status from the Economic Development Board yesterday. With the MHQ status awarded to companies committed to making Singapore their regional or global manufacturing and business hub Molex Singapore, Sanden International and Sumitomo Metal Mining
      277 words
    • Article
      Lock icon Was short-selling real reason?
      378 9  -  Narayana Narayana Singapore via Internet IT comes as somewhat of a surprise that R Sivanithy's article reads: "Blue chips out of favour for now as funds look elsewhere" on Jan 17, but Ven Sreenivasan the following day comments: "STI dives 2 per cent as blue chips
      378 words
    • Article
      Lock icon Change telcos without changing numbers
      112 9  -  Dickson Goh Kah Tong Singapore via Internet CURRENTLY when one switches from Ml to Sing Tel (or vice versa), one has to change phone numbers. This is a major deterrent for consumers. This aspect of liberalisation has already been implemented in Hongkong there should be
      112 words
    • Article
      Lock icon Quotation of Singapore Government Stocks (Jan 31, 2000)
      337 9 IOCATNE MATURITY YEAH RAISED COUPON NTBIST OFWYSOF GROSS RATE AMOWT PAYMENT ACCRUED ACCRUE) REDByPTBN (*PA) <M OATES KTEflEST NTEflEST) YBD(%PA) 01/02/2000 N*****0N 1996 4 7QOOQ 1/2 1/8 183 100.00# 3 92/ 01/03/2000 Loan 1 1980 61/4' 88.53 1/3 1/9 152 ****** 018*
      337 words
    • Article, Illustration
      Lock icon Seagate has no plans to shut more plants this year: official
      359 9  -  There's no future restructuring plan right now, says senior V-P By Jennifer Lien AFTER shutting down several plants in Singapore and the region, Seagate Technology has no plans to shut down any more plants this year, a senior official
      FILE PHOTO  -  359 words
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      115 9 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin islands Mauritius Cayman Islands Hongkong Bahamas Samoa i Full nomihee, management, corporate secretarial and professional administration services arc available. I We specialize in offshore trusts, offshore banks, and captive I insurance companies for
      115 words
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      Lock icon Page 9 Advertisements Column 2
      232 9 Two great cities.... Two great hotels.... From February 1 to May 31, 2000, experience 5-star luxury in two exotic locations. With their "TWin City Promotion", The Regent Singapore and The Regent Kuala Lumpur offer a special rate of ***** and RM33O per night for Deluxe accommodation. Complement a great stay
      232 words
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      2387 10 [NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 I WEARNES INTERNATIONAL (1994) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 65 Chulia Street, #50-00, OCBC Centre, Singapore
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      355 10 NOTICE OF FINAL MEETING SUMIPACK INTERNATIONAL PTE LTD (In Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting of the Members of the abovenamed company will be held on 1 March 2000, at 10.30 a.m., at the office of Oeloitte
      355 words
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      896 10 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KIM UAN HUAT TRADING CO. PTE. LTD. (Membeu' Voluntary Liquidation) At or Exlrooidmory Generol M eetoig of the Mwlxo of KIM UAN HUAT TRADING CO. PTE. LTD.. duly convened ond held on January 2000 (oMowing wai
      896 words
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  • FOCUS property
    • Article, Illustration
      Lock icon Knock-on effect of the HDB resale market
      675 11  -  PROPERTY Govt policy on HDB resale flats has a near-immediate impact on the private housing market lee han shih Remember ail the talk last year about developers holding back the launch of new condominiums to push up prices? Well, the latest government figures
      Source: HDB, URA  -  675 words
    • Article, Illustration
      Lock icon CityDev gets go-ahead for 1,190 condos on Changi plot
      595 11  -  BTlti jJIIL-IIUJ But it will have to pay differential premium to remove title restrictions By Kalpana Rashiwala CITY Developments has obtained provisional permission for 1,190 units on the sprawling 1.04 million sq ft Upper Changi piece of land it bought from
      595 words
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      43 11 r e or^ a 'lender ratio 2.1 and 20 storeys Existing Development: Pacerson Tower (72 Tender Closing: 24 Feb 2000 ■PR™ Sarah Kang *****19 TanSerFong 228 6820 Ng SengTat 531 MIS Tan Hong Boon 22S 6833 David Ng *****(6 Francis Lkn 228 6818
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      259 11 NEWTON HEIGHTS SITE FOR SALE PROPEm f k //II pi auuiu/" Newton Heights \V\" aid /L/ i j PARAMETERS 1 Newton toad. f .olv Singapore *****3 J/ U LOCATION i;f \J U P<° 3° storeys Situated opposite the 55 DESCRIPTION ru /PROPERTY. The site has a very ear ACS School,
      259 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Govts should sell, not give, spectrum
      593 12  -  BSB9 OPINION ivan png Dr Png is professor and vice-dean of computing, National University of Singapore GERMANY'S biggest wireless phone company, Mannesmann AG, which recently took over Orange, a mobile phone operator, and its ongoing battle against the US$170 billion (S$289.2 billion) hostile bid
      593 words
    • Article
      Lock icon IN OTHER WORDS
      116 12 'We're in the hurt business. If you're not prepared to get hit, you shouldn't step in the ring.' -Mike Tyson a few minutes after he had dispatched Julius Francis with a technical knockout in the second round. 'I think we also need to move the IMF from
      116 words
    • Article
      Lock icon Clinton and the Luddites
      635 12 EDITORIAL WHILE US President Bill Clinton was addressing the world's political, corporate and media glitterati at the annual summit of the World Economic Forum in Davos, Switzerland this past weekend, hundreds of protestors were wreaking havoc outside. Carrying placards denouncing globalisation and free trade, they proceeded
      635 words
    • Article, Illustration
      Lock icon Economists still have plenty to worry about
      1023 12  -  Business cycle not obsolete, new century will see recessions, speculative manias and fiwftnrifli panics By Paul Samuelson LA Times EXPERIENCED scholars in economics know that the last year of the just-expired century was, from the standpoint of global GDP growth and wage inflation
      LA Times; FILE PHOTO  -  1,023 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      1048 12 Why the euro's down MAYBE it's a sign of maturity; or maybe it's just that typical American obliviousness to the outside world. Whatever the reason, the United States has an admirably relaxed attitude toward the international value of its currency. When the dollar slides against the
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  • MALAYSIA news
    • Article
      Lock icon Sapura, Hutchison tying up to buy 30% of Time dotCom
      681 13  -  They are expected to make RM2b hostile bid this week, says financial magazine From Diana Oon Abdullah in Kuala Lumpur AMID rumours of a hostile takeover bid, news emerged yesterday that Malaysia's Sapura Telecommunications Bhd plans to team up with
      681 words
    • Article
      Lock icon Malaysian telecoms body spells out competition rules
      245 13 KUALA LUMPUR Reuters THE Malaysian Communications and Multimedia Commission yesterday published two documents spelling out the regulatory body's powers to curb anti-competitive behaviour in the telecommunications industry. "In the absence of general competition policy in Malaysia, these provisions are necessary as they clarify
      Reuters  -  245 words
    • Article
      Lock icon Rating agency ups M'sia from BBB to BBB-
      111 13 HONGKONG MALAYSIA'S foreign currency credit rating has been upgraded by Duff Phelps Credit Rating Co, a result of growth in the country's economy and foreign currency reserves. The nation's long-term foreign currency sovereign credit rating was raised to 888 from 888-, and
      111 words
    • Article
      Lock icon Sime Darby to invest in power sector: CEO
      165 13 KUALA LUMPUR Reuters MALAYSIA'S Sime Darby Bhd said yesterday that it was seeking new investments in the power sector in view of the planned sales by Tenaga Nasional Bhd of its power generation assets. Sime Darby chief executive Nik Mohamed Yaacob said
      Reuters  -  165 words
    • Article
      Lock icon NCL bid: Star Cruises says it didn't skirt Norwegian law
      443 13 KUALA LUMPUR Reuters MALAYSIA'S Star Cruises Pic said yesterday it believed it did not skirt Norwegian law in buying a 47 per cent stake in takeover target Norwegian NCL Holding. "Star Cruises, being a company of reputation, would not do
      Reuters  -  443 words
    • Article, Illustration
      Lock icon Banks meet BN's merger plan deadline
      443 13  -  From Eddie Toh in Kiuila Lumpur CENTRAL bank governor Ali Abul Hassan Sulaiman said yesterday Bank Negara has received merger proposals from all domestic financial institutions and is currently assessing the applications. "The deadline for all banking institutions to revert to Bank Negara on
      AFP  -  443 words
    • Article
      Lock icon M'sia's M3 supply up 2.7% in December
      247 13 KUALA LUMPUR Increase signals country's stronger economic growth Bloomberg MALAYSIA'S broadest measure of money supply in December expanded at its fastest rate in 1999, a sign of accelerating economic growth. M 3, the most closely watched measure of money supply, rose 2.7 per
      Bloomberg  -  247 words
    • MARKET moves
      • Article
        Lock icon MRCB down on debt concerns
        130 13 SHARES of industrial group Malaysian Resources Corporation Bhd (MRCB) fell on active trade yesterday following a news agency report that the group needed to raise at least 260 million Malaysian ringgit (Ssll7 million) by yesterday to get approval from its creditors for more time to
        130 words
      • Article
        Lock icon Expected deal boosts AIC price
        83 13 SEMICONDUCTOR maker AIC Corporation Bhd soared yesterday on news that it could soon clinch a deal with an American firm and that it would issue a one-for-one share bonus. The stock closed 70 sen higher at RM 17.90. AIC president Mohd Ariff Puteh told reporters
        83 words
      • Article
        Lock icon Camerlin up on placement rumour
        73 13  -  Compiled by Ruth Wong LOW-KEY Camerlin Group Bhd bucked the bearish market trend yesterday to end higher following rumours that there would be a placement of some 5 per cent of its shares. The investment holding firm is part of tycoon Quek Leng Chan's Hong
        73 words
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      138 13 TIBNGOURT* 4-19 February 2000 Raw Fish Salad s l Simply The Best Penana (KTV rooms available) A choice of 3 set menus at Mackerel $28 $48 Buffet in town $298/$4BB/$6BB, Ala Carte, Raw Fish •Salmon $38 $68 —Z LIVE music daily from Salad a Nian 6ao- Don m,ss lt! 6.30pm
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      18 13 UotaVvj fev to\ toiM w&y post b ttnde/s cmUM Just click www.wizofTice.com 7 /y WizOfffce.com **l I ~IbH
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  • SOUTH east asia
    • Article, Illustration
      Lock icon GusDur says he's sacking Wiranto
      623 14  -  Official probe links ex-armed forces chief with East Timor violence Prtrm Shoeb Kagda in Jakarta INDONESIA'S President Abdurrahman Wahid has set himself on a collision course with the country's powerful military. He announced yesterday that he would sack his Coordinating Minister for Security and Political
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    • Article
      Lock icon Soros said to be eyeing Astra stake
      619 14  -  Unconfirmed reports say he indicated his Interest after meeting 6ns Dnr at the WEF Prom Shoeb Kagda in Jakarta AS the deadline looms for control of one of Indonesia's most-prized corporations, Astra International, Jakarta was abuzz with rumours yesterday that American billionaire George
      619 words
    • NOTEBook
      • Article
        Lock icon Gus Dur to ask Britain for help
        42 14 Reuters [LONDON] Indonesian President Abdurrahman Wahid will plead for investment and political support from Britain this week to help his country pull through a crippling economic crisis and waves of religious and separatist violence. Reuters
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      • Article
        Lock icon TelecomAsia to list on Nasdaq
        53 14 AFX-Asia [BANGKOK] Telecom Asia Pic plans a Nasdaq listing this year, tbeKrungthep Turiktj quoted chairman Supochai Chearavanonda as saying. He said the company also plans to hold talks with United Communications Pic, Thai Telephone Telecommunication Pic and Shin Corporation on cooperating in order to minimise
        AFX-Asia  -  53 words
      • Article
        Lock icon Soros to buy into firm: report
        47 14 AFX-Asia [JAKARTA] US investor George Soros and Northern Trust Global advisers plan to acquire shares ofPTArtha Graha Investama, Bisnis Indonesia reported. The paper quoted a company source as saying the group wants to be involved in IT development in Indonesia. -AFX-Asia
        AFX-Asia  -  47 words
      • Article
        Lock icon 2 Phillippine banks report profits
        48 14 Reuters [MANILA] Union Bank of the Philippines said its fourth quarter net income in 1999 reached 190.66 million pesos (SsB million). Separately, Bank of the Philippine T«ianH« (BPI) said it had made net income 0f576.95 million pesos in the fourth quarter 0f1999. —Reuters
        Reuters  -  48 words
      • Article
        Lock icon Indon Jan CPI up 1.32% front Dec
        59 14 Bloomberg [JAKARTA] Indonesia's prices increased for a fourth month as the end of the Muslim Casting month spurred spending on food and transportation, the Bureau of Statistics said. January consumer prices gained 132 per cent on month, after rising 1.73 per cent in
        Bloomberg  -  59 words
    • Article
      Lock icon 20t rupiah in recap bonds to be traded
      293 14 JAKARTA Bloomberg INDONESIAN banks will begin trading 19.7 trillion rupiah (554.5 billion) in recapitalisation bonds today, marking the advent of a government rupiah bond market, said central bank deputy director Miranda Goeltom. Once the banks can trade the bonds, they will be
      Bloomberg  -  293 words
    • Article
      Lock icon Indonesia may drop V-P succession law: Amien
      262 14 TOKYO Reuters INDONESIA'S Parliament may revise the nation's constitution to abolish a clause under which the vice-presi-dent automatically becomes president if the nation's leader is incapacitated, Speaker Amien Rais was quoted as saying. In an interview with Japan's Nihon Keizai Shimbun business daily
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    • Article
      Lock icon Govt spending sparking Thai recovery: analysts
      494 14  -  But they say budget deficit is still high at 4-5% of GDP From Harish Mehta in Bangkok THAILAND is staging a moderate economic recovery, sparked by liberal government spending and rising exports, analysts said after official data released yesterday showed exports grew more than
      494 words
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      875 14 ASIA PACIFIC BREWERIES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at Level 2 Alexandra Point. 438 Alexandra Road. Singapore *****8 on 22 February 2000 immediately following the
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  • EAST asia
    • Article
      Lock icon HK banks, fund managers get set for pension fund race
      369 15 HONGKONG Bloomberg HSBC Holdings Pic, Bank of East Asia Ltd and other banks and fund managers will today start competing for a share of Hongkong's potentially lucrative mandatory pension fund market. The companies are allowed to start marketing pension fund
      Bloomberg  -  369 words
    • Article
      Lock icon Qualcomm close to deal on CDMA in China
      190 15 BEIJING Bloomberg QUALCOMM, a US developer of the fastestgrowing digital mobile phone standard, said it is "very close" to a pact that could mark the first widespread use of its Code Division Multiple Access (CDMA) technology in China. Qualcomm senior vice-president Louis
      Bloomberg  -  190 words
    • Article
      Lock icon Home loans to get boost in China
      151 15 ■SHANGHAI Reuters CHINESE banks will boost their mortgage lending this year as Beijing gives a new push to housing reforms, but weak demand will limit business, bankers said yesterday. Central bank governor Dai Xialong has made expanding housing loans a priority in 2000
      Reuters  -  151 words
    • Article, Illustration
      Lock icon Blue chip stocks lead Hang Seng Index's 4% plunge
      460 15  -  Wall St's fall drives market to wipe out most of last week's 7% gain Pntrn Quak Hiang Whai in Hongkong HONGKONG shares plunged sharply yesterday in line with heavy losses in New York last Friday as investors feared interest rates may
      REUTERS  -  460 words
    • Article
      Lock icon Firms struggle to meet China's encryption rules
      424 15 SHANGHAI AFP FOREIGN companies struggled to meet yesterday's deadline to register all sensitive encryption software with the Chinese government because the rules were unclear, they said. "We're trying to comply with these regulations," a spokeswoman for Microsoft (China) Co said yesterday. But she
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  • SOUTH asia
    • Article
      Lock icon Indian telco Bharti heads for Nasdaq: report
      179 15 NEW DELHI It plans to raise USsloom to fond expansion Reuters INDIA'S largest private telecom service provider Bharti Group plans to list on the US Nasdaq exchange, the Financial Express newspaper said yesterday. It would be the first privately held Indian telecom group
      Reuters  -  179 words
    • Article
      Lock icon Tata Engg sells 20% of unit to Hitachi
      198 15 BOMBAY USs2l.sm sale price much higher than analysts expected Bloomberg TATA Engineering Locomotive Co, India's biggest truckmaker, said it has sold 20 per cent of Telco Construction Equipment Co to Hitachi Machinery Co of Japan for US$2l.5 million (5536.6 million). The transaction
      Bloomberg  -  198 words
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      369 15 Now, every time you fly ANA, you'll be taking off with even more mileage points. In celebration of the new millennium, ANA is offering all ANA Mileage Club Members our Year 2000 Bonus Miles. Between 16 January and 31 March 2000 (Boarding Date), all you have to do is travel
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  • WORLD news
    • Article, Illustration
      Lock icon Little hope seen for early global trade round
      598 16 NEWSH.fcimHU WEF IN DAVOS Late next year is earliest talks will take place: diplomats Reuters TRADE diplomats say there seems little prospect for the early launch of a new global liberalisation round despite vocal big power support for the project. After four
      Reuters; AFP  -  598 words
    • Article
      Lock icon No media takeovers, Microsoft to stay with software
      391 16 AP, Bloomberg [DAVOS, Switzerland] Bill Gates told international business leaders yesterday that Microsoft will refrain from the trend of media mergers and will stick to creating software. Steve Case, chief executive of America Online, said his company's blockbuster merger with Time Warner
      AP,; Bloomberg  -  391 words
    • Article
      Lock icon US consumer spending rises its fastest in 4 months in Dec
      449 16 WASHINGTON Personal income np 0-3%, spending rises 0-8% Bloomberg US consumer spending rose in December at its fastest pace in four months even as income growth cooled from a month earlier, government figures showed today. Spending rose 0.8 per
      Bloomberg  -  449 words
    • Article
      Lock icon BOJ to stick to policy of near zero interest rates
      426 16 TOKYO Reuters THE Bank of Japan will stick to its policy of driving shortterm interest rates to near zero while watching out for adverse effects from the strong yen, BOJ governor Masaru Hayami said yesterday. Addressing a regular meeting of
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    • Article
      Lock icon New Hampshire and dark horses
      524 16  -  RACErey mvj nrai mgya From Leon Hadar in Washington THE voters in the state of New Hampshire, who will take part in the first presidential primary of the year today, are expected to determine the political fate of Democrat Bill Bradley, a former basketball star,
      524 words
    • Article
      Lock icon Groundhog Day in US is D-day for interest rates
      517 17 NEW YORK But whatever the decision, Wall St's expecting more rises this year Reuters THE big question on Wall Street this week: Will inflation tsar Federal Reserve chairman Alan Greenspan see his shadow on Groundhog Day? With a key meeting on
      Reuters  -  517 words
    • Article, Illustration
      Lock icon Vodafone will win Mannesmann bid: analysts
      402 17 PARIS Its deal with Vivendi will sway investors to its side, they add Bloomberg VODAFONE Air Touch Pic will sway enough investors to win its US$l7O billion (Ss2B9 billion) bid for Mannesmann AG after the UK wireless phone company agreed on Sunday to form
      Bloomberg; REUTERS  -  402 words
    • Article
      Lock icon News Corp shares surge to record on Merrill report
      292 17 SYDNEY Investment bank says media company's assets are significantly undervalued Bloomberg SHARES in Rupert Murdoch's News Corp Ltd surged as much as 11 per cent to a record-high after investment bank Merrill Lynch Co said the assets of the world's fourth-biggest
      Bloomberg  -  292 words
    • Article
      Lock icon Net could transform Japan: report
      324 17 TOKYO Bnt pricey phone rates, PCs threaten e-commerce growth AFP THE Internet could revolutionise Japan's hidebound economy but high telephone rates and pricey computers are holding back what could be the world's biggest electronic market, a report said yesterday. "In Japan, we believe we are
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    • Article
      Lock icon Soros buys into Japan online broker
      120 17 TOKYO Reuters FOREIGN investors, including a fund led by financier George Soros, are snapping up shares in Japanese online broker Monex Inc, signalling strong foreign participation in one of the fastest growing sectors of Japan's "new" economy. Monex, set up by former Goldman Sachs
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      32 16 •mbkH^Bßß^M^BHßßte^| tS&-*&sP&^^^'-- ,mil PBx -1 IBpu llkiM i i RjH IfiH Li nil Vi|i» i lay Giwu I|XJ Tanglin Mall #03-14 Te1:737 0818 Raffles City S.C. Level 3 Tel:3 39 148 8
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      1581 17 rm WBL CORPORATION LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 85th Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 65 Chulia Street #50-00, OCBC Centre, Singapore *****3, on Wednesday, 1 March 2000 at 10.30 a.m. (or
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  • FINANCE & commodities
    • Article
      Lock icon Futures end weak on massive selldown
      270 18  -  SOX Derivatives Trading/teworfc MSCI Singapore Index Daphne Toy Jardine Fleming THE Singapore stock market closed weaker yesterday following the steep losses posted by US markets last Friday. Investors were also apprehensive of the outcome of the Fed policy meeting scheduled for today and tomorrow.
      270 words
    • Article
      Lock icon Futures up despite fears of profit-taking
      164 18  -  MSGS Taiwan fatnres Matthew Den Bleyker Refco Singapore THE Taiwan Weighted Price Index rose 108.51 points, or 1.1 per cent, to 9,744.89, its highest level in 29 months, as chipmakers such as Winbond Electronics and Mosel Vitleic Inc paced the gains in the broad
      164 words
    • Article
      Lock icon Oil down on US stock swap plan
      262 18 ENERGY REPORT Reuters {LONDON] Oil prices feU yesterday after the United States said it might release crude to the market from emergency stocks amid concern about a worsening supply shortage. News that Iraq's output had dropped by as much as 800,000 bajrels per
      Reuters  -  262 words
    • Article
      Lock icon CURRENCY REPORT
      337 18 Reuters THE US dollar consolidated last week's big, broad-based gains yesterday ahead of a US Federal Reserve policy meeting this week but held within one cent of record highs against the euro. The euro still had a long way to go before it could restore confidence by reclaiming
      Reuters  -  337 words
    • Article, Illustration
      Lock icon Untitled
      1081 18 MTEEBAMK CROSS KATES j an3 i? CS —> Br> Ffr Dm HK$ >nd Ki N»ta4 fm Won Ml MgWili Mo S$ tort Sir »T$ toM Hmt MtS cSSd?" imc 0 922 J55J A,™ 27.789 47.297 0.681 7.157 2.421 1.288 33.*****.845 L085 4.028 104( 19.559 ***** 0293 0.437 lT 7 UT9
      1,081 words
    • Article
      Lock icon Untitled
      1785 18 SICOM FUTURES Jan31 RUBBER (Mures ctostag at at SJOpa) RSS1 C0MT1ACT($ ctrtsAq) close Votaw# Oam mm low S«tt (tonaos) latarot Feb 00 B100 00 123.75 1500 Apr 00 129.75 129.75 127.75 100 900 May 00 ***** ***** 130.25 100 300 RSS 3 CONTRACT (US nnts/lo) VotaM Opea Hjjfc Low Sott
      1,785 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng down 4% on US rate hike fears
      2565 19 HONGKONG AFP Q Hang Seng -653.60 HONGKONG share prices plunged 4 per cent yesterday to below the 16,000-mark due to worries over expected US interest rate hikes, dealers said. "The market fell on the back of the weaker Wall Street," said
      AFP  -  2,565 words
    • Article
      Lock icon TAIPEI
      348 19 AFP Flurr Index +K&5l TAIWAN share prices soared to their highest level in more than two years, rising 1.1 per cent yesterday amid upbeat sentiment as investors shrugged off fears of US interest rate hikes, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 108.51 points to 9,744.89,
      AFP  -  348 words
    • Article
      Lock icon Nikkei hits 30-month high
      1946 19 TOKYO AFP Q Nikkei 225 ****** TOKYO share prices closed yesterday at a 30-month high with investors heartened by demand from new investment trusts, brokers said. The Nikkei-225 Index reversed earlier losses to end 104.92 points 0.5 per cent higher at 19,539.70, its highest close since
      AFP  -  1,946 words
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      46 19 Executtvb^/^ The Shenzhen and Shanghai stock markets were closed yesterday for the Chinese New Year holiday. Trading will only resume on Feb 14 GET THE ONF THAT FITS! Multi-skilled worker, aspiring leader, all-rounder, star performer... Find the right staff through The Straits Times Recruit. tBoa34v!ee3 f
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8669 20 INDUSTRIALS Cmsmmt products 2000 Last Vol Day Nat Cap Hljfc Low Ownay 81a "000 Hlfli Law P/E %m* 372 310 Aflnomoto 370 23.5 150.0 119 91 Angkasa 98 -4 35 101 98 144.5 394 290 Apollo Food Hlg 390 -2 21 394 38« 9.3 156.0 2975 2725 BAT 50C 2900
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    • Article, Illustration
      Lock icon Wall Street's fall drags shares lower
      437 20 AFP kl Composite Index -13.47 MALAYSIAN shares closed lower yesterday with volumes on the decline after Wall Street's fall on Friday and before two public holidays this week, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed down 13.47 points or 1.4 per
      AFP  -  437 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3007 21 BONDS A WARRANTS Vt VnrtS PrMt/ Imry l"l M Lasltaala *H M Can liar Mk ma dim W# Lot hr> Mkr Ma M)M Mm -|n1n|l l» 21 i l^£SSoi US$ r 43 0-5 59 43 43 43 43 5 311 i isT 73 2.67 Ta 59 jl 55? 5 79
      3,007 words
    • Article
      Lock icon SEOUL
      307 21 AFP Q Composite Index *121 THE Korea Stock Exchange Composite Index yesterday closed up 2.21 points at 943.88. Volume was 268.8 million shares worth 3.5 trillion won. *M AnomSoml—— 9690 -460 BrWtToe* WO -40 Central B«nk 2*90 to ClwN Comm. *****0 BOO Dm Gu Bonk 3K>o 25 OMMng Corp
      AFP  -  307 words
    • Article
      Lock icon MANILA
      282 21 AFP M Composite Index +20.04 PHILIPPINE shares climbed one per cent yesterday on the back of strong buying into in-dex-linked issues, brokers said. The Philippine Stock Exchange Composite Index put on 20.04 points to close at 1,989.43. Turnover amounted to 3.4 billion shares worth 1.7 billion pesos. AFP *h
      AFP  -  282 words
    • Article
      Lock icon WELLINGTON
      282 21 AFP QHZSE-40 -186 NEW Zealand shares recovered in late trading to end 0.2 per cent lower yesterday after it had been down 35 points earlier in the wake of Wall Street's hefty fall on Friday. The NZSE-40 was down 3.85 points to 2,055.22 on thin turnover worth NZ554.3 million.—
      AFP  -  282 words
    • Article
      Lock icon SYDNEY
      577 21 AFP W All Ordinaries +3J AUSTRALIAN shares closed 0.1 per cent higher yesterday after strong demand for News Corp countered the negative impact of a slump on Wall Street, brokers said. The All Ordinaries Index ended at its highest point, 3.9 points up at 3,096.0. The All Industrials Index
      AFP  -  577 words
    • Article, Illustration
      Lock icon BANGKOK
      783 21 AFP rISET Index +OJ2 THAI share prices closed flat yesterday with some selective buying mainly in telecommunications supporting the market while most investors remained sidelined ahead of a scheduled meeting of the US Federal Reserve later this week, dealers said. The Stock Exchange of Thailand (SET) Index closed up
      AFP  -  783 words
    • Article, Illustration
      Lock icon JAKARTA
      635 21 AFP F1 Composite Index +L7O INDONESIAN shares closed 0.3 per cent up yesterday on a technical rebound in some large caps, but sentiment remained weakened by political concerns, dealers said. PT Ciptadana Sekuritas equity sales manager Jeanny Hartanti said the index was lower overall because of weakness on Wall
      AFP  -  635 words
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  • Article
    Lock icon STOCKS sgx
    9035 22 SGX MAXNBOARD Transaction date: Jan 31 Gr Gr M wt 52-Wk Lest Vol Day Lett Quota Dlv Ot» VM Net Cap Avg HN> Law StHe Cawpaiiy «al» COOOt Higk Law Bmftr Mhi Cvr P/t t*m Wet MULTI-INDUSTRY 182 67 m c 1000 Acme 50c 126 -5 166 128
    9,035 words
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      417 23 Where to wine, dine and entertain..."-Offering the lowest interest rate in town 290 4545 j IS 9 OMNI MIMIMMMM AT PLAZA PARKROYAL 7500 A Btach Road Singapore *****1 Tel: 298 0011 Fax: 292 4559 PARKROYAL HOTELS RESORTS. AN ASSOCIATE Of THE SPHC PLAZA GROUP Don't miss the opportunity to toss
      417 words
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      Lock icon Page 23 Advertisements Column 2
      35 23 I m&* acrobatic JiHL troupe February 2 to 10 t Ffirudry 8. 9 10 fuUy kooknh 7$ i C^oh, 1 I The Neptune L_M mr mtm mm H™"* Reservations: Xmiyd bt )3) Orcturd Ko«d Stngapon-2i8867
      35 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      1243 23 cryptic crossword Central 5-30 Music Street. LOS Ranma 1/2. Financial Data. [i [2 I [3 R K I [5 TJ f Tf~ TV. v ®-00 Wheel of Fortune. L3O Chinese Medicine and I I J 9.00 AM Kids Central: 130 The Pyramid Game. Healthcare. Sportacrty M■■ B a 7.00 7th
      1,243 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon The naked truth
      1716 24  -  The biggest myth about knowledge management is that it is all new to us when we have been proficient practitioners. Managing knowledge is only worth doing if it adds value to the company, writes Patrick lambs PATRICK LAMBE IN part two of this article ("When the fad
      1,716 words
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      164 24 A SPECIAL FEATURE SHIPPING TIMES 29 FEBRUARY 2000 KEEP YOUR BUSINESS FLYING HIGH If you are in the air freight logistics 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
      164 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      290 25 Bridge News, Reuters THE dry cargo freight market in the Atlantic saw little change for capes ize and panamax tonnage and rates remained broadly stable, brokers said. Although there was an exceptionally high turnover of handysize fixtures, there was little improvement in rates for owners, they added. In
      Bridge News,; Reuters  -  290 words
    • Article
      Lock icon MARITIME STOCKS
      278 25 MM »♦/-¥«< CWT Distribution LM -0.04 20 OMMnHMp 0.39 -0.01 3065 Ceaco Investment 1-07 0.03 199 Freight Links 0-27 unch 219 GB Holdings Off 0.01 10 Hal Sun Hup 0.79 -0.01 SS IMC HoMbtgs-HK 3.60 uncti 0 Jeya Holdings US -0.01 88 Jurong Shipyard 1.62 unch 0 KeppelCorp
      278 words
    • Article, Illustration
      Lock icon Call to apply maritime rules more efficiently
      669 25  -  Sinking of tanker Erika reinforces need for better co-ordination of inspections, says class society chairman By Ann Toh [SINGAPORE] The Erika accident has heightened the need not for more regulations and inspections, but for a more efficient and stricter implementation of existing rules
      669 words
    • Article
      Lock icon China acts to tighten safety aboard ships
      230 25 AP [BEIJING] China is stepping up efforts to tackle poor safety aboard ships after 769 passengers died in shipping accidents last year, a 27 per cent increase compared to 1998, an official newspaper said. The government's Communications Ministry, which was strongly criticised for
      AP  -  230 words
    • Article
      Lock icon NOL names chief information officer
      227 25  -  By Marcus Hand [SINGAPORE] Neptune Orient Lines (NOL) named its new chief information officer (CIO) who will head its organisation of about 300 computer systems specialists. Donald Liedtke, who comes to NOL from Packard Bell NEC, will from this month be based at the APL
      227 words
    • Article, Illustration
      Lock icon P&O Nedlloyd shows thanks to PSA for vessel rate record
      225 25 [SINGAPORE] P&O NedUoyd general manager Tony Gibson believes a job well done is best appreciated with a nice gesture. In a ceremony to celebrate the company's highest vessel rate recorded worldwide, achieved by PSA Corp last month, he presented 12
      225 words
    • CREW welfare
      • Article, Illustration
        Lock icon Chaplains watch over seamen
        894 26 Groups, such as the Seamen's Church Institute, look after the rights of foreign mariners, who are often exploited AP [NEW YORK] A DECK hand in dungarees stands watch at the loading ramp of the Ukrainian cargo ship, Viktor Talalikhin. The gaping portal in the vessel's bow
        AP  -  894 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      196 26 PACC Del mas 4 ACL 6 0)* Lloyd 1 ANL 3 Dongnama Accord 8 4 Appensnip 5 ECULine 6 Austral 8 Ewr re n 6 Balaji Shpg 5 fow *9 Sun 8 BSA j G Link 4 BtjfKj Mas 8 rinS CCMI 7 TT CMA 8 H
      196 words
    • Article
      Lock icon SHIPPING GUIDE
      19048 33 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser V«sH Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Dest'n Name Name Number Number 16/02 M/03 COSCO EVER GROWTH 0007W 65 *****00 TO ABIDJAN (ABJ) 2003 Cotf O'lvoire 14/02 14/03 Evergreen E. GROWTH 0325-07IW 45-*****T1
      19,048 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        634 37 Vessel Voy No Berth Arrival Departure Jwaag Nrt umpto 2002 JOB 30/01/23:20 03/02/T7:00 Midas Hop* 34 J11 31/01/7:25 03/02/8:00 »«*8 4269 320 J01 3V01/n;20 31/01/15:00 Ac* 3101/0 J12 31/01/8:25 31/01/23:00 AlptMAarmm 31 J04 31/01/6:45 01/02/6:00 Fortunt Act n J05 31/01/7:35 01/02/600 C Progr«u 31-Jan JOT 31/01/8:35 3V01/1600 KlunMwng
        634 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1870 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklno/BaUnct Rstts Shlp VoyNo Etb/Btr Porlod From To From ACHIEVER 704 3/1240 U 31/1500 3V1659 31/1900 31/1500 31/1659 31/1900 a n/1700 0V0659 ovmoo a 31/1700 0V0659 01/0*00 ovotoo ovito ovmoo 4 QVM59 01/1700 m. auiamom mm 3M.-00 m S/hoo m/mi
        1,870 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        454 37 Carton MO Ma 990.8 0.7 19.0 0.08 78 006 Jm27 0«Mltv Motor M*n Ask *lil»lw SifciH No «om E25 0 0 25 0 0 0 380 Am 987.0 0J 14.5 0.M 34 0.02 ton 380 Ma 992.5 17 17.7 0.09 72 0.05 %mM »m/m mm mm*
        454 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        198 37 Ju 24 Afeu; Zealand: Market and Public Holiday, Wellington Anniversary Day. Jan 31 New Zealand: Market and Public Holiday, Auckland Anniversary Day. Feb New Zealand: Public Holiday, Waitangi Day. Germany: Epiphany Day. Sweden: Epiphany Day. Marie Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya HajiMarlß
        198 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        757 37 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 Indicated. The Cockett Bunker Price Index change and the individual
        757 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon BA to spend £600m on new cabin, other products
        429 38 Mew cabin aims at business travellers who do not want to pay fall business fares, but will spend for added comfort Reuters [LONDON] British Airways yesterday unveiled a £600 million (Ssl.6 billion) package of new products to be introduced to its
        Reuters  -  429 words
      • Article
        Lock icon Rolls-Royce wins US$480m engine order from Embraer
        157 38 Bloomberg [LONDON] Rolls-Royce pic, the second- biggest aircraftengine maker, said it won US$4BO million (SsBl6 million) in orders from Empresa Brasileira de Aeronautica SA for engines to power RJ 145/135 regional jets. The AE3OO7A engines will be used in Mesa Air Group Inc
        Bloomberg  -  157 words
      • Article, Illustration
        Lock icon Analysts expect KLM to more than double its third-quarter loss
        613 38 Bloomberg [AMSTERDAM] KLM Royal Dutch Airlines is expected to report that its third-quarter loss more than doubled from a year ago, as rising operating costs, including higher fuel prices, outweighed the benefits of improved air traffic in Asia. Its fiscal
        Bloomberg; FILE PHOTO  -  613 words
      • Article
        Lock icon Kenya Airways jet crashes into sea: seven rescued
        318 38 Airbus airliner was carrying 179 passengers Reuters [ABIDJAN] A Lagos-bound Kenya Airways Airbus 310 carrying 179 passengers crashed into the sea off Ivory Coast. Only seven people are reported to have survived, rescuers said early yesterday. Bodies and wreckage were floating in
        Reuters  -  318 words
      • Article, Illustration
        Lock icon PAL to resume flights to Taiwan in two weeks
        312 38 AFP [MANILA] Flag carrier Philippine Airlines (PAL) will resume flights to Taiwan in a fortnight, following last week's end to an air dispute, its president said yesterday. "Our flights will require no less than two weeks before we are able to
        AFP; FILE PHOTO  -  312 words
      • LOGBook
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          Lock icon BAA's 9-month profit falls 8.9%
          72 38 Bloomberg {LONDON] BAA pic, the world's biggest airport operator, said nine-month profit fell 8.9 per cent after exceptional items, because of weaker retail sales resulting from the abolition of duty-free shopping in Europe. Net income for the nine months to Dec 31 fell to £310
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          Lock icon Eva to resume Manila flights on Feb 12
          74 38 AFX-Asia [TAlPKij&va Airways Corp said it is scheduled to resume flights to Manila from Feb 12 after Taiwan and the Philippines ended a long-standing air dispute with the signing of an agreement last week. "We will resume eight flights a week to
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          Lock icon KL seeks help of airport consultants
          80 38 Bernama [KUALA LUMPUR] The Malaysian Transport Ministry will enlist the expertise of international consultants who have successfully helped create the world's aviation hub to farther promote the KL International Airport (KLIA), its minister, Ling Liong Sik, said yesterday. "Hopefully they can teach and show
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1681 38 OTY RJ6HT IT* FU6HT ETP ****** 2359 MMM* 8*7381 1930 1*7382 2050 «W Z3S9 0f81 1930 0T82 2050 ***** B40 ***** 0B5 f2S £2! r.wtito. ***** wo cz3« on LHt3aO 2230 CZ35W045 SO804 1015 NmmI *1(741 1310 VW740 1410 tmtrntm ****** 0S2S 6*974 0120 1925 S023
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      415 25 Looking after welfare of seamen ■pg 2 H SIA Engineering Co (SIAEC)D Chew Long Seng has been appointed chief executive officer ■WtHW of S,A Engineering Co (SIAEC), effective Apr 1. Mr Chew, KrvmJ Jp currently SI A's executive vice-president (technical) and 3 SIAEC's deputy chairman, will continue his deputy I
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      46 25 I I au n I 7C°n° Any Destination,; Any Time. Sailing schedules to the Americas more. 2 4 hours a day in the Shipping Gu ide Fax-On- Demand hotline 740 6000. Another innovative service oil ere J l>\ I 111 ISI vim vs v smmv; timks
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      714 26 ISUPBII SHUTTLE EXPRESS (33X) II IQULF KARACHI EXPRESS (QKX) row WT Ml r*T Vtssa VOT I OMN lAN I KWT IXA I NN> I CMO IpUANG HT 00CI JAPAN 30WSS3 05/01 13/01 15/01 mCASTOt ISWSOI 12/01 30/01 01/02 PtO NOUOTD MaOOIMNI 071 14/01 14/01 14/01 11/01 10/01 24/01 30/01 20/01
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      734 26 Lines services represented ftvßSkV by Members of the Registry of Members of the \vkgKW Accredited Shipp<ng Agents, Singapore Logistics Association S'pore National Shipping Assoc. ULY UNE MALE VESSEL VOY HA pS ETA P. KLANC SPOKE MALI Princess Lily VPIOO 26/01 28/01 09/02 Empress Lily VO2OO 16/02 17/02 26/02 Princess Lily
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      1172 27 I SAX SERVICE (DIRECT) vcsa voy sweu u» oak oai hou <h ox I mb» I<n hyc awgaut oi7i at/oi 10/02 15/02 15/02 15/02 15/02 is/02 15/0? H/02 it/02 AH.SHNB. 017! 02/02 17/02 22/02 22/02 22/02 22/02 22/02 22/02 23/02 23/02 AfITUBOUOBE 0171 09/02 24/02 29/02 21/02 29/02 29/02 29/02
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      1885 27 ©hanjin shipping likFi iHsMytlw -Sde *****30 HAWiW SjjjffjjK (S) PTIITP lw»« lowmc *****3s 737 SAUS *****74 POCUttBIT *****71 774 OfflAlKHft *****50 751 Will UM( *****55 HI ***** M CI NO **********0 M TO NW USA A CANADA USA CANADA' ~R»va7v6v mm sm umhau/vot sa ttw am Twi loi Ssp I
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      73 27 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 vgg* WORLDGATE EXPRESS UNES PTE LTD jjf' Tel: *****11 Fax: *****73/*****63 Email: wgate@mbox2.singnetcom.sg Calcutta /'Chittagong (port look Karachi COLOMBO 15/02 I KARACHI/LAHORE 13/02 Bombay f Madras bombay I MADRAS/BANGALORE 11/02 CALCUTTA 02/02 Colombo* J
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      1605 28 DSR-SENATOR UNES TO UK/CONTINENT TO MEDFIKKRANEANCANADA vtssa vot sw leh htm amr ham obv fu vtssti wot Tm*" git «k rot w.c «ra PUOOM6 SENATOR (Ml?* »01 11K 13 02 UK 15 02 1102 17 02 SHANGHAI SENATOR 0935W 27 01 13 02 10 02 17 02 10 02 20»
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      992 28 AjfcaMAC-NELS S'PORE M'SIA rrTTTTI Carrier: MN COWTR LIMES, INC P.ouoAHaionaTOj. I -IV/ V~ J WOt iaOOS7lDOOOg SIBU: (004) *****9 MAMLA: (832) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P KELAWG: (03) *****77 JKT: (21) *****45 KUOWNG (082) *****1-3 BARCELONA EX 'LT GLAMOUR' V. 0732 ETA SIN: 3.2.2000
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      604 28 l|Q<32£&*| EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO VMMI S PORE N SHCVA COLOMIO PKLANG CAPE CREUS V IflW 31 JAM N FEB 13 FEI 11FH TARPON SILVER 11IW 12 FEB FOR DISCHARGING ONLY CAPE CANAVERAL V.IIIW 17 FEi 11 FEI 20 FEI M FEI TULSIOAS V.III 14 FEI a FEI 27
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      1378 29 OY KHH HHP I SON I PKO I PXB DMM I BA BIK L "J 39 26/01 28/01 01/02 02/02 12/02 13/02 15/02 TT702~ ■pan d 02/02 04/02 08/02 00/02 10/02 20/02 22/02 24/02 IRAN BAABApf ill 11/02 15/02 18/02 28/02 27/02 20/02 02/03 2 10/02 18/02 22/02 23/02 04/03
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      949 29 FEB 2000 ACCEPTING COO T TO DAKAR, LAGOS, TUUI AMBJAN VU GENOA 3 I TISZtiTmZSZTIS■„ 10S0,INS0H,D ntMimo miKiMi outw«d«ai 4ms«u wttcniotFKtI CKh.^/BocJ" 6 11 llZmim,,, ail vSJSiwT" JSSI AMNCIIS (M) SDH BHD 420SA2S TtL 02-07-35 Ml 6* FAX: 02-07-*****70 r?HM)I4* 07/0? 07/07 17/0? JJw StmiiMii. imu. m *G SGP F*o»
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      600 29 Mttoltii WSMM^WwTnmmmmtm V 9 I?V9 lt /W °>/li I I»/W HUNSPAORC S«VICE BC2/BaxKMiT/saNiaHui I IMPORT MLGOQAA IjCTI— CiaeOßWt I) tMFtjT ymn uny 1 Hi J3= —7= 02 > 0? 24 02 22^S PWAHStt O?7W i^i 02 21/02 rm oaaha. stlows, ovmssnm. NJPOVTUND 034W iy/oi M/fti 21 /S '02 42/03 04/03
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      1298 30 B EUROPC/UK/SCAHDINAVIA/FINLAND/BUSStA I SGP ROM ANW HBG THP ZEE LHV LMV THP ROM ANW HBG PKL fsGP" E DAINTY RW-014 05*2 244)2 01/03 264)2 28/02 29/02 01/03 E RENOWN RE-037 13/01 15/01 14*1 16/01 11/01 06/02 17/02 E DEVOTE RW-010 12*2 02*3 08*3 16*3 01*3 07/03 08/03 E RIGHT RE-042
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      967 30 Af*~ ADVANCE CONTAINER LINES (PTE) LTD ML« Li TEL: *****21. FAX: *****19. TELEX :RS ***** ACLPL fO« BOOKINGS PHASE CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS *****00/ *****06 CR NO. **********06 ■AMOKOK Still—«/w—> JAKARTA •(7 tamags/WMt) *91 sin mck vessel vqy aw jkt KOIARAJNA(RftI/LCH) RNAI9I 1/2 le 4/2 Fn UAOHE
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      399 30 SO THOU BLANGAH ROM) *02 42 OTIPORT CflfTTtt (TOK *****0 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CB NO. **********0W rasa m e» no DESTWin mum mammmam mum hlmian mum mom imam imam mm for enquiries and bookings pitas* contact SEASPACE SHIPPING (S) PTE LTD 133 Nm Bridge
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      413 31 BSfl ia %mm MYANMA «BBk FIVE STAR LINE (Myaanor Natioaal Line) Loadiag for Y a ago a (Raagooa) YlSSft VOY SIN PKL PEN PGU SITIWt 91W 04/0? HPA-AN 267W 01/0? MALAYSIA AGENTS: IOUSTEAD SHIPPING AGENCIES KUL m (03)*****00 PKL TEL (03)*****01 PEN: 111 (04) *****02 PGU: TIL (07) *****21/4 BANK
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      1296 31 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. I wssa VOY ISM I SOU UN WW ANT HAW IV HI IVISSa VOY I SOU I IB« IWM I AWT I HAJM I WRV I FB T'sln APLAUMNDME 313W 03/02 21/02 24/02 23/02 24/02 LA LOSE S3li 14/01 IS/01 04/01 11/01 02/02 TYM
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      1206 31 uXw WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE" [vessel I VOT 1 mump height sin lk map mia sav bai qrf nvc [WTioi TAPIOU AHOO4 400 Tow 6.3* 11/02 10/03 19/03 22/03 24/03 24/03 27/03 29/03 02/04 04/04 TAMPA AHOOS 400 low 6.3 M 2»/02 25/03
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      799 32 ■AIIOKOK/ MAP TA PHUT/ LAKH CHABANQ JAKARTA/PAN JANG vessel voy sin bkk mtp lch~ vessel voy sin JKT PJN ANAN BHUM** 148N In Pt OS/02 ULA BHUM 142N In Pt 04/02 04/02 !Hf! 2*2? 1 YANTRA BHUM 327N 02/02 08/02 05/02 2?® ln 06/02 NANTA BHUM" 481N 02/02 06/02 06/02
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      320 32 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL CONTAINER SERVICE at m sn n> a msugai tk oj/o7 mm u/oi u/o? n/n MOMDMUMM MS M/W li/ij M/OJ 7J/K B/H mr*m m is/w ?i/k p/b mm o/o~ MiaBMU) n/B 03/«3 Km 07/83 It/13 FEEDER SERVICE TO INDONESIA w m-n» nun I* »1/il
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      621 32 y». -L'U g yOY 9N PKL JED MLA LEH RTM HAM 7TT SOT SAUDI JEDQAH N3BW 02Ag (XVQg 11AB 16/02 21 *g 23/02 24A32 ***** Z7R2 JUBAa. WOM OMB OMB WB 23/Q2 28/OZ OtXQ Q2AX3 OM3 nwm SAUCM YANBU T3ON ISOB 23AP 2MB 04A33 QMO3 07/03 QBH33 iaro VH-LE Q€
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      50 35 FAR EAST EUROPE LINE Direct Breakbulk/Container/LCL FAR EAST-NED s^to Manila/Guam/Saipan FAR EAST USA Agents; V -Grow Shipping Pte Ltd See Page 7 Daily FULL CONTAINER EXPRESS SERVICE Wallenius Turn To Pg 5 Wilhelmsen New Europe To CS middle east/ S.E. ASIA service I China Shipping (S) Agencies Pte Ltd (Barwil)
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      85 37 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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