The Business Times, 3 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
    16 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85* SINGAPORE Internet. ht:p://'bi. siness-times.asial .com.sg/ THURSDAY, FEBRUARY 3, 2000
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  • Article
    Lock icon MARKET SUMMARY
    63 1 SR (+41.01) BT-SU BGH32 (+13.70) Jlsmsa pottos LJ ***** (+6.30) SRXX BASKET INDICES Wednesday Change JCLSE GOMP ***** +M.7S NIKKEI IW7&91_+l«i3 HANG SENG 16,789.82 155.96 -SET1NDEX 479.S2 4.77 JAKARTA COMP VANIIA COUP __1$7S* +212 TAIPHWPT Closed SEOUL OOMP 943 59 +14JM OSA CHINA B dosed AUST ALL ORD
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  • Article
    Lock icon FINANCE
    73 1 POBEX KATES uss s$ US$ 1.699 £(US$/S$ per 1.612 1738 EliRO(lS$/S$/E) 0173 1.853 DM 1910 0.845 YEN 1085 1586 RM XiMO 0.447 HKS 7.781 6J18 BAHT 37£6 0.046 RUHAH 7,497 0.023* PUKE BATES SINGAPORE* 5.38 KUALA LUMPUR 7.67 JAKARTA J9.Q0 BANGKOK A50 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84 SYDNEY
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  • Article, Illustration
    Lock icon Far East pips DBS Land in bid for Clarke Quay site
    729 1  -  Top bid of $340.8 million; property experts divided on whether govt will award site By Kalpana Rashiwala [SINGAPORE] In its first major property foray in over two years, property giant Far East Organization has put in the top bid
    729 words
  • Article
    Lock icon Why Asian finance firms only pay lip service to e-commerce
    470 1  -  They acknowledge its potential, but are bound by investments in traditional services By Siow Li Sen [SINGAPORE] Financial institutions in Asia pay only lip service to pursuing e-business, mainly because they can't see a way out of their heavy investments
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  • Article
    Lock icon New COE system has wide implications
    839 1  -  HH4!«IIHW3 L&nnch date poshed back to second half of the year By Christopher Tan [SINGAPORE] For the 10,000 or so Singaporeans who descend on the market for a new car, bike or truck each month, the soon-to-be-intro-duced open bidding system for Certificates of Entitlement
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      66 1 DBBPE Top Stories Jan record: 4,400 cars Motoring Pg 20 Wiranto defies quit order, sending chill through financial markets. Wext Page Aussie central bank raises rates, but fumbles in releasing the news. Next Page Exec Suite New property Web site draws investor interest. Pg 24 it y i 1 mmmm
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      47 1 Get online to the Fed's latest move The US Federal Reserve Board is expected to have announced the outcome of its interest rate meeting last night at about 3.15 am Singapore time. Look out for the Fed's latest moves in BT's online edition at http;//busin«M-tim«».asUi 1 .com.sg
      47 words
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      Lock icon Page 1 Advertisements Column 3
      106 1 wmmmm jfe, ft *i,T r rfi j* fs3FH ~&k- MM HOUSE 2000^ How to do all your chores and still keep Saturdays free. Soon, you'll be able to use your 3rd generation mobile phone to plan vacations, video conference, shop for groceries, check account balances, transfer funds, trade in real-time,
      106 words
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      6 1 Open hkkHnp Highlights ofproposals, Pg 2
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  • NEXT page
    • Article, Illustration
      Lock icon Wiranto's defiance shakes financial markets
      695 2  -  Tension is high as the scenario shapes up for a Gus Dur-Wiranto collision course when the president returns from his overseas trip From Shoeb Kagda in Jakarta INDONESIA'S military strongman General Wiranto sent a chill through financial markets yesterday, defying a quit order by President
      MIBL/ST  -  695 words
    • Article, Illustration
      Lock icon Don't be all things to all men: Lloyds chairman
      543 2  -  PBOPLB By Wong Wei Kong DON'T try to be everything. That's the advice Sir Brian Pitman, chairman of Lloyds TSB and a member of the Monetary Authority of Singapore's International Advisory Panel, has for Singapore banks now busy tooling up to
      ARTHUR LEE  -  543 words
    • Article, Illustration
      Lock icon Seven habits for highly effective e-businesses
      598 2  -  TECHNOLOGY Based on timeless principles, Covey's concepts are more relevant than ever in the Mew E-conomy kenneth james TALK about staying power. More than 10 years after it was first published, Stephen R Covey's The 7 Habits of Highly Effective People remains on the
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    • Article
      Lock icon Aussie central bank's 50bps rate hike surprises
      439 2 Blonder over release of news threatens to eclipse strong signal Reuters, AFP [SYDNEY] Australia's central bank yesterday announced a rate hike which surprised most analysts with its severity and annoyed many who missed out when the bank issued the announcement ahead of schedule.
      Reuters,; AFP  -  439 words
    • ON THE grapevine
      • Article
        Lock icon Sour over ST Assembly allotment
        64 2 GRAPEVINE has received complaints over the "unfair" allotment of shares of ST Assembly Test Services (Stats) by certain brokers. Since enough has been said by the Singapore Exchange and members of the stockbroking industry on this issue of fairness, we won't dwell on it. Suffice
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      • Article
        Lock icon Working from the crack of dawn
        110 2 IF you think you work hard, think again. It seems that Tony Raza, an analyst with Prudential-Bache Securities, gets into the office at 4am and leaves around 6.30 pm. That's right 4 am. He says he functions better in the morning. Besides, given the
        110 words
      • Article
        Lock icon Two crashes, one caution
        107 2 TALK about bias in the Western media. Following the crash of a Kenyan Airlines plane in the sea off the Ivory Coast last Sunday, Jane's Information Group, the publisher of the widely followed information on military and naval hardware, issued a press release questioning African aviation
        107 words
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  • SINGAPORE companies
    • Article
      Lock icon Fund investments rise 7.9% in Jan to US$9.5b
      370 3  -  Fond managers were probably buying on dips as STI was down 10% tot Wong Wei Kong REVERSING the decline in December. fund investments in Singapore stocks rose 7.9 per cent in January, the month that saw the market correcting downwards. Figures from
      370 words
    • Article, Illustration
      Lock icon GP Batt, Clipsal revamp welcomed
      418 3  -  By Andrea Tan INVESTORS gave the thumbs-up to the ownership revamp plan for GP Batteries and Clipsal Industries although analysts raised concerns about the huge premiums GPE Industries will have to fork out for its parent's stake in the two other companies. GP Batteries shot
      Source: Bloomberg  -  418 words
    • Article, Illustration
      Lock icon Dragon Land still to refund $1.26m to 18 house buyers
      674 3  -  By Teh Hooi Ling PEH Chin Hua's Dragon Land may have lost its court battle in China to set aside an arbitration order that it refund $1.26 million to 18 house buyers in Singapore but more than a month later,
      FILE PHOTO  -  674 words
    • COMPANYBriefs
      • Article
        Lock icon New senior V-P for NEL
        83 5 NATSTEEL Electronics Ltd (NEL) has appointed KY Chou as senior vice-president, Taiwan operations. Mr Chou will be responsible for the group's Taiwanese investments and operations and will assume a vital role in NEL's expansion strategy, the company said. He reports directly to chief operating officer
        83 words
      • Article
        Lock icon Horizon.com wins two MOE tenders
        67 5 INTERNET company Horizon.com Ltd has been awarded two Ministry of Education (MOE) tenders worth over $5 million. The company said the first tender of $1.2 million was to provide online learning video content to 22 schools to be delivered over two years. A second tender
        67 words
      • Article
        Lock icon Keppel unit completes six tugs
        86 5 KEPPEL Hitachi Zosen said its unit, Keppel Singmarine Dockyard has completed all six Anchor Handling Tug/Supply (AHTS) vessels for the AP Moller Group (Maersk). The vessels are largest of their kind to be built in Singapore. Measuring 82 metres by 19 metres and drawing 7.5
        86 words
      • Article
        Lock icon Vikay sells China assets for $20.1m
        95 5 VKAY Industrial has sold its subsidiaries in China for $20.1 million to International Display Works Inc, its judicial managers said yesterday. The sale price is for the assets of the subsidiaries, free of liabilities. Vikay has received $8.9 million and will receive the next
        95 words
      • Article
        Lock icon MHE Holdings back in black
        75 5 MHE Holdings has returned to profitability with earnings of $321,000 for the six months ended Dec 31, compared with losses of $639,000 the same period last year. Turnover was up 6 per cent to $4.9 million, while net tangible asset backing per share fell to
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      • Article
        Lock icon Sunright revises equipment sales order
        47 5 SUNRIGHT said wholly-owned subsidiary KES Rood Technology Taiwan Ltd, will sell just one unit of testing equipment, instead of two, to its Malaysian associate for about $3.5 million. The change in agreement is due to revised testing capacity requirements of the companies.
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    • Article
      Lock icon ST Telemedia still exploring IPO idea
      211 5 SINGAPORE Technologies Telemedia is still exploring the idea of an initial public offering, a spokeswoman said. She was responding to a Straits Times report which said the company could be listed by June. She added that Credit Suisse First Boston, mentioned in the report
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    • Article
      Lock icon SPH explains why Continental ad was rejected
      308 5 CONTINENTAL Edge, one of several Malaysian companies to make offers to buy the frozen Clob shares, was not able to advertise its offer in The Straits Times because it did not provide evidence that its offer had been accepted by the relevant authorities,
      308 words
    • Article
      Lock icon Firmer interest rates likely to hit banks' margins
      704 5  -  HocKim'icmm siow li sen ALL this anxiety over the direction of interest rates might soon generate fatigue and investors could just choose to ignore the whole issue. But interest rates will loom large for much of this year, not least because the
      704 words
    • Article, Illustration
      Lock icon Centrepoint, Stanley Quek in Aussie deal
      401 5  -  As4om joint venture company will acquire and develop properties in Australia By. Andrea Tan CENTREPOINT Properties Ltd has teameu up with international property developer Stanley Quek to acquire and develop properties in Australia. The company, to be known as CPL (Australia) Pte Ltd, will
      401 words
    • Article, Illustration
      Lock icon Nobel steps up e-commerce activity
      319 5  -  By. Andrew Wee LISTED Nobel Design Holdings (Nobel) expects to generate 15 per cent of group revenue from its e-commerce ventures and grow this to 25 per cent next year, its general manager Terence Goon told BT in an interview yesterday. It will accomplish this
      CHRIS LOH  -  319 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      192 3 Jardine Fleming Working with today's stars and helping tomorrow's winners to achieve their financing needs ST Engg Bookrunner MKeppel January 1999 IBIHHHI V Keppel Corp Share placement Bookrunner April 1999 IHHHHfI KeppelLand v --V Share Bookrunner June 1999 Keppel T&T Convertible boncK Bookrunner November 1999 JIT Holdings Share Bookrunner JIT
      192 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      482 4 Stocks Volume Eastgate 10c 27,402.000 *TanChongint50c 26,073,000 MMIHUgelOc 24,230,000 QES tnti Ltd 20c 21,196,000 LAM 50c 14,000,000 Fastech US10c 10,306,000 NOL 9,569,000 K»anAnn20c 9,459,000 WngboardUSIOc 8,931,000 Dataputae 5c 8,715,000 Stocks DBSGrp 51.411.548 QES IndUd 20c 43,119,730 *TanChonglnt50c f 36,759,360 Chart Semiconductor 26c 36,117,016 ST Assembly 25c 30,724,280 PadlteCentuiy 24,969,600 NatEleclOc
      482 words
    • Article, Illustration
      Lock icon A Chinese New Year rally— at least for this year?
      560 4  - A Chinese New Year rally at least for this year? STOCKS r.sivanithy A SMART rebound in blue chips and a sudden play on small-cap electronics counters during the final hour yesterday injected life into a relatively quiet local market and gave rise to hopes that at least this year, investors
      560 words
    • Article, Illustration
      Lock icon Tibs wrt: don't be distracted by the high gearing
      197 4  -  TUIUT WATCH By R Sivanithy WARRANTS that are close to expiry are very interesting creatures, especially if they are either out-of-the-money or at-the-money. The Tibs warrant, for instance, rocketed nine cents or an amazing 60 per cent yesterday to 24 cents
      197 words
    • Article, Illustration
      Lock icon Mixed outlook for Eastgate
      253 4  -  HOT STOCK By Wong Wei Kong SHARES of Eastgate Technology rose sharply in heavy trading yesterday, finishing as the session's most active stock. Eastgate shares closed up 12 cents or 19 per cent at a new high of 75 cents, after having opened at the day
      253 words
    • Article
      Lock icon Market Notices
      190 4 ♦Sembawang Kim trans' 256 million shares begin trading on a ready basis today. The listing will be on the main board's transport sector under the short-name SembKim. Kimtrans Singapore Pte Ltd and SembCorp Express Pte Ltd, which respectively own 81,536,000 and 84,864,000 shares, representing 31.85 per cent and
      190 words
    • Article, Illustration
      Lock icon Greenback surges 1% to hit 5-month hih of 108.42 yen
      498 4  -  JKJUMl^yUUJUMiaHHi CURRENCIES US stocks rally overnight, despite impending Federal Reserve rate hike larry wee BOOSTED by a five-month high against the yen, and fears of a political showdown in Indonesia, the US dollar extended its recent rally in Asian currency
      498 words
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      Lock icon Page 4 Advertisements Column 1
      643 4 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I NOTICE IS HEREBY GIVEN that, I Wong Kok Chor j of Apt. Blk 228, Bukit Batok Central #03-35, Singapore I *****8, have applied for a Public House, First Class I Licence in respect of M/s Crystal Jade (La
      643 words
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      Lock icon Page 4 Advertisements Column 2
      524 4 NOTICE IS HEREBY. GIVEN that I, SIAH BEE LIAN of Blk 231 Serangoon Ave 3 11-44 Singapore *****1, have applied for a Ist Class Public House Licence in respect of M/s Ram's Cafe Pub located at 30 Woodlands Ave 1 #02-01 The Woodgrove Singapore *****5, and that this application will
      524 words
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      Lock icon Page 4 Advertisements Column 3
      315 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 2«0<2)(B) AND IN THE MATTER OF NEPTUNE LITHOGRAPHIC PTE LTD (Mambart Voluntary Winding Up) At on Extroordinory Ganaral Maatmg of tha abovanomad Company duly convanad and hald at 257 Salagia lood. *05-281 Salagia CompUx. Singapora *****0 on 18
      315 words
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      Lock icon Page 4 Advertisements Column 4
      26 4 o you need flexible financing for your share purchases 7 Call us at 323*3955 and find out what we can do for you 83 DBS BANK
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      135 5 Ilactaec Iktethp rtiefoe^jjjj^F^ W, P- I tenkrfiMipf ckbMp. By cwitrofeng the face we're iMe to crate W fmfmmf. IM imi tt >%. JJf/ IS Mm- s jm trim, fjiMj Mail mi aaas att a stream teaiy JMp w r fete, ad a ixatias Ware. yVJnbwond anything mlse made of steel.
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  • SINGAPORE news
    • Article
      Lock icon MAS unveils more effective macroeconometric model
      569 6  -  New model will respond better to structural changes in economy, it says By Anna Teo AFTER more than a year of development and testing, the Monetary Authority of Singapore (MAS) yesterday unveiled a new macroeconometric model that it says will respond better to structural
      569 words
    • Article
      Lock icon More customer emphasis in revamped ISO 9000
      276 6 THE ISO 9000 is to be revamped to encourage organisations to give greater emphasis to customer satisfaction and the related measurement and monitoring systems. In its place, the International Organisation for Standardisation (ISO) will launch the ISO 9001:2000, most likely by the end
      276 words
    • Article
      Lock icon World of Sports launches virtual megastore
      220 6 WORLD of Sports, the largest sporting goods chain in Singapore, yesterday launched its virtual megastore, eWorldofSports.com, with a host of incentives to motivate customers to shop online. This move marks the start of an aggressive campaign to integrate its network of retaU outlets with
      220 words
    • Article
      Lock icon EDB's co-investment funds double to more than $4b
      374 6  -  Investment arm is studying more than 20 projects By Audrey Tan CO-INVESTMENT funds managed by the Economic Development Board (EDB) doubled in size last year to more than $4 billion, and the board is keen to step up its investments this year,
      374 words
    • Article, Illustration
      Lock icon Otis' new generation lifts save cost, space
      202 6 OTIS Elevator Company, the world's largest maker of elevators, yesterday unveiled a new generation of elevators which it says will save significant cost and space for building owners. The new "Gen-2" elevators use a flat, coated steel belt to lift the elevator car,
      202 words
    • Article
      Lock icon Air France's Asian frequent flyer plan
      324 6  -  Hy Conrad Raj AIR France, one of Europe's largest airlines, yesterday launched its first Asian local frequent flyer programme in Singapore enabling its passengers to earn rewards right here. The initiative will provide members of Fre'quence Plus as its frequent flyer programme is called,
      324 words
    • Article
      Lock icon SM Lee, DPM Tan to speak at US high-tech conference
      185 6 SENIOR Minister Lee Kuan Yew and Deputy Prime Minister Tony Tan win both give speeches at a conference in San Francisco from March 8 to 10. Titled "Singapore TechVenture 2000 Making the Connection", it aims to introduce Singapore's technopreneurial activities
      185 words
    • Article, Illustration
      Lock icon Rising input prices could dampen flow of new orders
      302 6  -  By Anna Teo THE purchasing managers' index (PMI) has remained robust over the past 13 months, but one dampener down the road could be rising input prices. One of nine key factors that go into the overall composite index, input prices
      Source: SIPMM  -  302 words
    • Article
      Lock icon Great World City location not an issue
      168 6  -  MAILItT^I Burso Tan Director of Finance On behalf of the Board of Directors Home Solutions (S) Pte Ltd REFERRING to the news article, "Ethan Allen to quit Great World Citjtt (BT, Jan 24), which was subsequently quoted in The Straits Jimes on Jan
      168 words
    • Article
      Lock icon Questions on ST Assembly share allocation
      182 6  -  H B Chua Singapore via Internet FIRST it was Citicorp which came out with the idea of distributing the new ST Assembly Test Services shares through stockbroking firms instead of the conventional IPO open to public application. No doubt, there were conditions attached, such
      182 words
    • Article
      Lock icon KI Auto clarifies Kia's deal with C&C
      174 6  -  S Y Chee Managing director Kl Auto Pte Ltd WE refer to the reports on the award of the sole distributorship to Cycle Carriage for the sale of KIA passenger and commercial vehicles headlined "C&C wins sole distributorship for Korea's Kia" (BT, Feb
      174 words
    • Article
      Lock icon Fund transfer not wholly within CPF's control
      295 6  -  Ronald Chong Manager (Public Affairs) Central Provident Fund Board WE refer to the letter, "CPF interest loss: do something", by Mr See Leong Kit (BT, Jan 25). Mr See suggested that the CPF Board effect the transfer of members' funds to the mortgagees
      295 words
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      Lock icon Page 7 Advertisements Column 1
      42 7 O 0 O o ITOYOTA is O No. 1 I I In Overall I > I Vehicle I I Sales For 1999* o No. 1 1 In Total I I Number Of I Vehicles On fJ The Road** O o o o o
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Dr Clinton and Mr Bill: trade schizophrenia
      782 8  -  uninEEHS OPINION leon hadar The writer is BT's Washington correspondent THE proverbial Man From Mars, on a mission to Earth to provide his superiors on that planet with an analysis of America's global trade policies, landed early last week on the South Lawn
      782 words
    • Article
      Lock icon IN OTHER WORDS
      100 8 Illegal logging is not simply about destruction of the forests. It's also about the system of corruption and wealth it creates.' -A Rowindrfy&rto director of environmental group Telapak Indonesia. There's not that much creativity out there. We have 90 channels now and people say there's nothing on
      100 words
    • Article
      Lock icon Globalisation and domestic politics
      552 8 EDITORIAL AUSTRIA'S new coalition government is quickly learning a painftil lesson of globalisation: that as technologies converge and satellite images are delivered at the touch of a button to living rooms all over the world, nation-states can no longer operate in an isolated reality; domestic policies
      552 words
    • Article, Illustration
      Lock icon Fallen global icons
      1330 8  -  Coke and McDonald's seemed ready to take over the world. Bnt global branding's now losing its appeal By Richard Tomkins FT THIRTY years ago, Coca-Cola made one of the most memorable commercials in advertising history when it stood 200 multi-ethnic youngsters on a hilltop in Italy and
      FT; FILE PHOTO  -  1,330 words
    • Article, Illustration
      Lock icon Why expensive oil may endure
      668 8  -  COMMENTARY The Saudis are involved in a great example of global gamesmanship By Floyd Norris NYT WHO you gonna believe? Me or your lying eyes? When it comes to oil prices, that classic Richard Pryor query ought to be the refrain of the experts, who
      NYT; FILE PHOTO  -  668 words
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  • REGIONAL news
    • Article
      Lock icon Petronas may join Exxon in Chad project
      376 9 KUALA LUMPUR Reuters MALAYSIA'S state oil firm Petronas is set to take up a 35 per cent stake in a US$3.5 billion (555.9 billion) oil production project in Chad, industry sources said yesterday. The sources said that US oil giant Chevron Corp will
      Reuters  -  376 words
    • MARKET moves
      • Article
        Lock icon Active Leader climbs 71 sen
        59 9 PENANG-based cable maker Leader Universal Holdings has become the latest beneficiary of technology play in Malaysia. Yesterday, its shares rose on active trade following a local news report that the company was eyeing a venture in the Internet-related business and components/products manufacturing. Leader topped the
        59 words
      • Article
        Lock icon Paracorp up on takeover talk
        78 9 LITTLE-KNOWN manufacturing-based Paracorp Bhd was the third most active stock on the KL bourse yesterday following rumours that the company was a target for a reverse takeover. The company was queried in December last year on the unusual movement of its shares and in a
        78 words
      • Article
        Lock icon TRI in limelight after Time's move
        109 9 DEBT-LADEN telecommunications-based Technology Resources Industries caught the interest of investors following Time Engineering's fancy footwork with its debt. Analysts said that since Time Engineering could find a way out of its hefty debt problem, there was no reason why TRI cannot. TRI owns the
        109 words
      • Article
        Lock icon AMMB's hot after posting strong Q3
        95 9  -  Compiled by Ruth Wong FINANCIAL group AMMB Holdings Bhd was in high demand yesterday following the release of strong third quarter results. For the nine months ended Dec 31,1999, AMMB made a pre-tax profit of 526 million Malaysian ringgit (***** million). For the full
        95 words
    • Article
      Lock icon MRCB sells off stakes in Malakoff, power project
      648 9  -  RM94Bm move seen substantially cutting group's debt, sends shares up Prom Diana Oon Abdullah in Kuala Lumpur DEBT-RIDDEN Malaysian Resources Corporation Bhd's (MRCB) disposal this week of its interests in a power generation project and Malakoff Bhd for a total of 948
      648 words
    • Article
      Lock icon M'sian sovereign rating unlikely to be upgraded: S&P
      395 9  -  Region's credit quality hasn't fully recovered from crisis From Diana Oon Abdullah m Kucua Lumpur MALAYSIA'S sovereign rating is unlikely to see any upgrades this year, despite continuing economic recovery and ongoing banking reforms, ratings agency Standard Poor's said yesterday. Takahira Okagawa,
      395 words
    • Article
      Lock icon Growing foreign appetite for Malaysian bonds
      355 9 KUALA LUMPUR Reuters MALAYSIA has largely regained the confidence of global money managers and there is strong foreign appetite for the country's sovereign and corporate debt issues as funds reallocate assets. Fixed income analysts said strong economic growth, political stability and ratings upgrades had
      Reuters  -  355 words
    • Article
      Lock icon Lewis & Peat bankruptcy: Bakrie to lose 110b rupiah
      362 9 Lewis Peat bankruptcy: Bakrie to lose 110b rupiah JAKARTA 60b rupiah will be for shutting robber trader's units in S'pore and London Bloomberg PT Bakrie Sumatera Plantations Tbk, planting arm of Indonesia's biggest non-Chi-nese business group, said it will set aside 110 billion rupiah (5524.9 million) to close bankrupt rubber
      Bloomberg  -  362 words
    • Article, Illustration
      Lock icon Indonesia's donors pledge US$4.7b
      557 9 JAKARTA AFP INDONESIA'S main aid donors yesterday pledged up to US$4.7 billion (SsB billion) in loans to support the country's 2000 Budget but deferred a decision on rescheduling US$2.2 billion in debt. "Indonesian donors committed strong support to the government of Indonesia, pledging to disburse up
      AFP; AP  -  557 words
    • Article
      Lock icon Ibra may not push for Astra management reshuffle
      309 9 I JAKARTA Bloomberg THE Indonesian Bank Restructuring Agency (Ibra) may not push for a management reshuffle at PT Astra International, the country's largest automaker, backing off from its previous position. "We are very flexible," said Arwin Rasyid, deputy chairman of the bank
      Bloomberg  -  309 words
    • Article
      Lock icon PT Dipasena big scandal, says Kwik
      104 9 JAKARTA AFX-Asia COORDINATING Minister for Economy, Finance, and Industry Kwik Kian Gie said PT Dipasena, a shrimp company surrendered by the Gajah Tunggal group to the Indonesian Bank Restructuring Agency (Ibra), is a "big scandal", and questioned its valuation by the group. "I have
      AFX-Asia  -  104 words
    • NOTEBook
      • Article, Illustration
        Lock icon Jayalalitha jailed for graft
        66 11 AFP [MADRAS] AN Indian court yesterday sentenced top politician Jayalalitha Jayaram to one year's hard labour in Jail on corruption charges for Savouring a hotel owner while she was chief minister of the southern state of Tamil Nadu from 1991-96. She is one of India's top
        AFP  -  66 words
      • Article
        Lock icon Thailand fair aims to draw investments
        69 11 AFP [BANGKOK] Thailand was to launch a major industrial fair yesterday designed to convince the world its economy has turned the corner and to lure foreign investors to bolster the recovery. The two-week Board of Investment Fair 2000 was expected to draw three to
        AFP  -  69 words
      • Article
        Lock icon Indon panel to begin bank probe soon
        56 11 AFX-Asia [JAKARTA] State Finance and Development Supervision Board chairman Alie Sulendro said the body plans to begin a probe of banks that received liquidity credit from the central bank "soon". He said the board had already received an official instruction from the finance
        AFX-Asia  -  56 words
      • Article
        Lock icon India seeks partners for new airport
        80 11 Bloomberg [NEW DELHI] India is seeking private partners, both Indian and foreign, to build a new international airport in the southern city of Bangalore, in a move aimed to encourage investments in the country's infrastructure. The government has floated a global tender to attract
        Bloomberg  -  80 words
      • Article
        Lock icon B'desh paralysed by opposition strike
        64 11 Reuters [DHAKA] Bangladesh was largely paralysed yesterday by an opposition strike protesting a law designed to combat lawlessness, and police reported one man killed and 13 wounded in bomb explosions. The country's two stock exchanges, in Dhaka and Chittagong, were closed, officials said. Many offices
        Reuters  -  64 words
    • Article
      Lock icon China's biggest e-retailer plans Nasdaq listing
      378 11 SHANGHAI Football deal will help to establish its brand name AFP THE operator of China's biggest on-line retailer, 8848.net, is planning to list on New York's Nasdaq later this year, the official Shanghai News reported yesterday. Beijing Everest E-Com-merce and Network Service Co Ltd
      AFP  -  378 words
    • Article
      Lock icon Sycamore homes in on telecoms revolution
      338 11 BOMBAY Reuters THE chairman of a hot hightech firm which made a blockbuster debut in the US last year said on Tuesday that its technology was set to revolutionise telecoms, just as personal computers changed computing in the 1980s. Optical networking, a laser technology
      Reuters  -  338 words
    • Article
      Lock icon Taiwan allows banks to own brokerages
      179 11 TAIPEI Bloomberg TAIWAN said it freed banks to own as much as 100 per cent of stock brokerages under new rules to strengthen the island's securities industry. The catch is that banks planning to establish new stock brokerages must first acquire at least one
      Bloomberg  -  179 words
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  • THE Clinton Years
    • Article, Illustration
      Lock icon US boom: Clinton shares the credit
      3702 10 The following is a transcript, provided by the White House, of a roundtable interview in the Oval Office on Tuesday with President Bill Clinton and reporters from The New York Times, The Washington Post and The Wall Street Journal. Q: The economy. Is this
      3,702 words
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      98 10 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands y Hongkong Bahamas Samoa Full nominee, management,corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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      343 11 Ballroom, Hilton Singapore Monday, Februaiy 7, 2000 Viewing time 10.30am-12 noon Auction sale From 12.15pm To welcome in the year of the golden dragon, Edmund and Shukor have explored remote villages throughout the vast weaving regions of Central Asia to bring you A startling array of collectible Hat weaves An
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  • WORLD news
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      Lock icon News Corp surges on Internet merger moves
      537 12 Murdoch seen spuming off assets to boost company's worth; said to be in talks with Nokia on possible tie-np Bloomberg, FT [SYDNEY] Shares in Rupert Murdoch's News Corp surged to a record as investors bet the acquisition-hungry billionaire may be moving to tie-up
      Bloomberg,; FT; FILE PHOTOS  -  537 words
    • Article
      Lock icon Nomura unit sets up Japan's largest equity fund
      232 12 TOKYO AFP A DIVISION of Japan's top brokerage said yesterday it had set up the country's largest ever equity fund, attracting more than US$7 billion (5511.9 billion) for investing in domestic stock markets. Nomura Asset Management Co Ltd, an investment fund affiliate
      AFP  -  232 words
    • Article
      Lock icon Austrian far right conservatives to form govt
      317 12 I VIENNA Coalition threatens to isolate country internationally AUSTRIA'S conservatives and Joerg Haider's far-right Freedom Party were due to seek President Thomas Klestil's formal approval yesterday for a coalition pact which could isolate the country internationally. The coalition, agreed on Tuesday by People's
      317 words
    • Article
      Lock icon Merrill to introduce interest bearing accounts
      298 12 NEW YORK Bloomberg MERRILL Lynch Co said it would introduce a federally insured interest-bearing account tied to brokerage accounts, challenging banks and thrifts for some of their US$4.l trillion (Ss7 trillion) in US savings deposits. The new service gives the world's biggest brokerage, which
      Bloomberg  -  298 words
    • Article
      Lock icon US leading indicators up 0.4% in Dec
      539 13 NEW YORK Money supply, business investment increases led rise; analysts had expected 0.3% gain Bloomberg THE index of leading US economic indicators rose in December, led by increases in money supply and business investment. The Conference Board's index rose 0.4 per cent last
      Bloomberg  -  539 words
    • Article, Illustration
      Lock icon McCain beats Bush by wide margin; Gore edges Bradley
      686 13  -  WHITEirTTTET^.T.T.I From Leon Hadar in Washington REPUBLICAN Senator John McCain won a huge victory over his party's presidential front-runner, Texas governor George W Bush in New Hampshire on Tuesday, while Vice-President A 1 Gore, succeeded by a small win to contain
      REUTERS, AFP  -  686 words
    • WORLDWatch
      • Article
        Lock icon Time Warner posts record Q4 earnings
        81 13 Reuters [NEW YORK J Time Warner Inc, the world's largest media company, yesterday posted fourth-quarter earnings that easily beat Wall Street estimates, reflecting strong growth in cable TV and publishing operations. The company reported record earnings before interest, taxes and amortisation (EBITA) of U552.45
        Reuters  -  81 words
      • Article
        Lock icon London exchange may merge with rival
        72 13 AFP [LONDON] The London Stock Exchange held out the prospect yesterday of a possible merger with a competing stock market as it unveiled plans to poll members on conversion to a public company next month. The announcement that LSE members will decide on March
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      • Article
        Lock icon Japan coalition rams through bill
        70 13 Reuters [TOKYO] Japan's ruling coalition faced down an opposition boycott of Parliament yesterday, ramming a controversial seat-cutting bill through the Upper House, a move likely to force early elections. In the absence of the opposition and ignoring their calls for talks on a compromise, the
        Reuters  -  70 words
      • Article
        Lock icon Nissan likely to miss profit forecast
        93 13 Bloomberg [TOKYO] Nissan Motor Co, an affiliate of France's Renault SA, said it is likely to miss its group operating profit forecast for the year ending March 2000, citing weaker-than-expected auto sales in Japan. On Nov 22, it predicted it would post operating profit
        Bloomberg  -  93 words
    • Article
      Lock icon Senate panel approves Greenspan as Fed chief
      305 13 WASHINGTON Reuters THE US Senate Banking Committee voted unanimously on Tuesday to approve Alan Greenspan for a fourth term at the helm of the Federal Reserve as the US economic expansion entered record books as the longest in history. His nomination as Fed
      Reuters  -  305 words
    • Article
      Lock icon BritTel shares dive 21% on shock profit slump
      536 13 LONDON 3,000 to lose jobs as competition, hefty staff costs hit Q3 Reuters BRITISH Telecommunications pic lost a fifth of its market value yesterday after the company said savage competition for UK customers was ripping into its profits and forcing it to
      Reuters  -  536 words
    • Article
      Lock icon Internet boom set to widen the world's rich-poor gap
      341 13 DAVOS, Switzerland AFP THE world's poor will miss out on the benefits of the telecommunications revolution and the gap between rich and poor will continue to rise, business leaders and statesmen warned here Tuesday. While Internet start-ups and mobile telecoms create
      AFP  -  341 words
    • Article
      Lock icon Microsoft cites competition from AOL in antitrust defence
      437 13 m WASHINGTON AP MICROSOFT Corp, insisting that it faces intensifying rivalry from a looming software giant, America Online, has argued that it has no power to dominate the industry. In its final written defence against sweeping antitrust charges by the Clinton administration
      AP  -  437 words
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      1415 12 Editorial: Globalisation and domestic politics, Pg 8 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that I, PANG WEE UN of 249 Tampines St 21, #08-554 Singapore *****9, have applied for a Public House, Ist Class Licence in respect of M/s Sodexho
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      20 12 Lost Try finding it at Classification 821 (Found) of The Straits Times Classified. CATJS. Buy It. Sd It. Find It.
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      348 12 IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTER OF JUVENIA WATCH (S) PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary Genera] Meeting of the memben of JUVENIA WATCH (S) PTE LTD duly convened md held at 133 New Bridge Road #10-08. Chinatown Point. Singapore
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  • FINANCE & commodities
    • Article
      Lock icon Late burst of buying lifts futures
      226 14  -  SGZ Derivatives Trading/fepwY BSSd Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market closed higher yesterday following Wall Street's overnight gains and as concerns over a widely-expected US rate hike receded. Banks and Singapore Press Holdings led the gains. SPH rose 4.72 per
      226 words
    • Article
      Lock icon Oil prices race higher on news of shrinking US stockpiles
      300 14 ENERGY REPORT Reuters [LONDON] Oil prices powered back up towards nineyear peaks yesterday after news that depleted US oil stockpiles had shrunk still further. Benchmark Brent crude for March delivery in London was 24 US cents firmer at U5526.63 a
      Reuters  -  300 words
    • Article
      Lock icon Palladium fixed at new all-time high
      180 14 Reuters [LONDON] Palladium was fixed at a new all-time high of U*****.00 a troy ounce yesterday amid good industrial demand and little sign of metal deliveries from msyor supplier Russia. Palladium's previous high fix was US$4BB.OO on Jan 28 and it was fixed at
      Reuters  -  180 words
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      Lock icon CURRENCY REPORT
      333 14 Reuters linn*"* 1 THE dollar consolidated across the board after rising to its highest in nearly five months against the yen yesterday ahead of a US interest rate decision. Analysts said the dollar had the potential to move higher with the US Federal Reserve seen capable of engineering
      Reuters  -  333 words
    • Article, Illustration
      Lock icon Untitled
      1074 14 TBRBAMI cross rates Feb m 2 q —»Ew» Ffr 0« HfcS I- i» Y» W» Ml M23 i» N» «T MT> 8*t N»8 W$ J"®™® 1 0 925 4-171 0.655 4JN L2H 4.960 27.716 47.790 OjMI 7206 2.422 1796 33.*****582 L0S3 3.999 ion ajanm iw nin J"** 1 L06I 5.721
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      1727 14 ttlCOM FUTIIItES Feb2 RUBBER (Mm dad* as at SJOpa) RSS1 CONTRACT(S ce#tsAq) CtoM VotHM Opaa WontO m# U» Sit (t—M) latamt i* 00 122.75 Q00 Apr 00 126.75 300 May 00 ***** ***** 129.25 (00 300 Jim 00 ***** 300 RSS 3 CONTRACT (US Votaw Opaa Moatfc HMi Low Stt
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  • STOCKS east asia
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      Lock icon HK stocks rise further on follow-up buying
      2732 15 HONGKONG AFP *135.96 HONGKONG'S share prices rose 0.9 per cent on follow-up buying yesterday on the back of overnight gains on Wall Street, dealers said. Ben Kwong, research head at KGI Asia, said: "Following gains on Wall Street, investors expect the US Federal
      AFP  -  2,732 words
    • Article
      Lock icon Nikkei at its highest since mid-97
      2018 15 TOKYO AFP O Nikkei 225 ******3 SHARE prices in Tokyo closed yesterday up 0.8 per cent at their highest point since mid-1997 as the entry of a major new investment fund lifted hopes for an influx of funds, brokers said. The Nikkei-225 index rose
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      102 15 I investment poKifouo I L rw I lp Shares. Bonds. Stocks. Annual Reports. I Whatever you're offerlnq, we help you reach out S2==s- 11 I to °*adults In Slnqapore dally. ——p tgafi*- J The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883 The Taipei market was
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  • STOCKS klse
    • Article
      Lock icon Untitled
      8681 16 M0USTI1ALS Cmwr prefects 2000 Last Vol Day Net Cap MN> 1— fl«mi Ml •OOP Leer Wl M 372 310 Ajinomoto 352 18 1 352 352 22.3 142.7 119 91 Angkasa 102 4 97 104 99 150.4 400 290 ApoNo Food Hlg 396 6 29 400 394 9.4 158.4 2975 2725
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      Lock icon Banking, technology stocks drive market up
      398 16 AFX-Asia QCbmpaote Index +20.75 MALAYSIAN shares yesterday closed higher following Wall Street's gains overnight with investors focused on select banking and technology stocks, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed up 20.75 points or 2.25 per cent at 942.85 and the
      AFX-Asia  -  398 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3097 17 BONDS WARRANTS r- a c u. i-Ss jk 104 10.5 3160 A Acar ******1 USS 43 "unch 53 44 43 43 435 r 33 80 14.5 I 3164 Acma ******4 37 unch 79 38 36 5 37 38 37 iin U, M2 I 59 16 3161 AIITtch ******7 20 -2
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      Lock icon SEOUL
      308 17 AFP Q Composite Index +14JK THE Korea Stock Exchange Composite Index yesterday closed up 14.84 points at 943.59. Turnover was 308.4 million shares worth 4.3 trillion won. —AFP Wm *h Anam Sami 9970 380 Brain T»cl» 1810 15 Cantral Bank 3220 130 ChaMComm *****0 ***** 0* Gu Bank 3155
      AFP  -  308 words
    • Article
      Lock icon MANILA
      254 17 AFP >1 Composite Index +152 PHILIPPINE share prices edged up marginally yesterday as investors snapped up selected blue chips amid lingering concern over political uncertainty. The Philippine Stock Exchange Composite Index closed 2.52 points higher at 1,975.96. AFP mm MRC AMad 0.55 unch 0 Abacus Construction 1.06 0.02 1
      AFP  -  254 words
    • Article
      Lock icon WELLINGTON
      278 17 AFP PIBSE-40 -&52 NEW Zealand's share market eased 0.3 per cent yesterday as overseas investors continued to overlook it in favour of markets elsewhere. The NZSE-40 Capital Index dropped 6.52 points to 2,035.39 with volume worth an unimpressive NZ579.3 million. —AFP m «a cooci Advantaga MOS 3-36 -O H
      AFP  -  278 words
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      Lock icon SYDNEY
      592 17 AFP QUMMg +3LB AUSTRALIAN shares closed up one per cent yesterday due to strong gains by Rupert Murdoch's News Corp and despite a greater-than-expected hike in interest rates by the Reserve Bank of Australia, brokers said. The All Ordinaries Index added 31.8 points to close at 3,116.30. The All
      AFP  -  592 words
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      Lock icon BANGKOK
      788 17 AFP Q SET Index -3.77 THAI stocks closed down slightly yesterday ahead of a decision on the direction of US interest rates, dealers said. The Stock Exchange of Thailand Index closed down 3.77 points, or 0.8 per cent, at 470.62. Decliners led advancers 173 to 57, and 62 stocks
      AFP  -  788 words
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      Lock icon JAKARTA
      681 17 AFP P Composite Index -1128 INDONESIAN share prices slumped 2.2 per cent and the rupiah weakened yesterday on political concerns as President Abdurrahman Wahid strengthened calls for General Wiranto to step down, dealers said. A sales representative at a European brokerage said the market was presenting a good buying
      AFP  -  681 words
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      122 17 Daniel Jeanßichard A lar B e version of Daniel Jeanßichard's flagship TV SCREEN model, t l^e LARGE TV SCREEN automatic chronograph houses a5l -ruby r-i DJR 25 13/4 movement with a frequency of 28,800 v/h. Water-resistant imf Al to 50 metres and fitted with a cambered crystal and rectangular push-pieces,
      122 words
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  • Article
    Lock icon STOCKS sgx
    8773 18 SQXMAIWBOARD Transaction date: Feb 2 Gr Gr m wt 52-Wk Kit Vet Day Last Quota Dlv Mv YM Net Cap Ave Law StWa Ciwaiay U* rOOO) HH» L— Bwyar S—or Cw W Price MULTI-INDUSTRY 182 67 m c tOOO Acma 50c 129 *3 283 129 126 128 129
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      412 19 Where to wine, dine and entertain..."' < kSStr •Offering the lowest interest rate in town 4545 Pre-Chinese New Year Corporate Luncheon 8C Dinner Set Menus (24 31 Jan) $398 and $528 for 8 to 10 pax Yfear 2000 Chinese New \fear Set Menu (4-19 Feb) $1,288 for 8 to 10
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      31 19 J-* I ACROBATIC February 2 to 10 (Frbnury 8, 9 10 fully booked) iSSnj^hww c e P r n^ I HI Orcturd Raid Singi<jore 218A67 M 7)7 4411 NK 712 2161
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      1109 19 The Business Times, Thursday, February 3,2000 CRYPTIC CROSSWORD Central Our Choice). TV Innovations. 10.00 Sailling: Louis Vuitton r—, T ano am KiZrL'tZv p™ 11-30 The King of Queens: 5.00 Sajian: Aroma. Cup 2000 Highlights 2. 2 3 FM F1 P F~l SKSE' K","' jSohfDmBKO. u.OO World Figure Skating "LJ U
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  • MOTORING page
    • Article, Illustration
      Lock icon Dragon feat for C&C
      538 20  -  630 Mercs delivered in January a record monthly high three times its 1999 monthly average By Christopher Tan [SINGAPORE] MORE than 600 MercedesBenz buyers have another reason to celebrate this festive period they got their spanking new limos in January, or just in time for the
      538 words
    • Article, Illustration
      Lock icon BMW plan may affect local firms
      444 20  -  Dealers sceptical S'pore will be spared global dealership integration scheme Bt Christopher Tan [SINGAPORE] BMW Group's global plan to integrate dealerships representing its various brands will have profound implications for up to four local companies if it is implemented here. The so-called Group Solus
      444 words
    • Article, Illustration
      Lock icon Smart Journey to save travelling time
      347 20  -  to* Jeanette Pang [SINGAPORE] Singapore's public transportation system will soon take a stride forward with a pilot project which seeks to reduce commuters' travelling time. The three-year study is the brainchild of a group of researchers from the National University of Singapore's School of
      CHRIS LOH  -  347 words
    • BUMPER to BUMPER
      • Article
        Lock icon Toyota denies design deal with GM, VW
        125 20 TOYOTA Motor has denied a report that it had agreed with General Motors and Volkswagen AG to standardise computer systems for design and development of vehicles and auto parts, according to AFP. The Yomiuri Shimbun had reported that the top carmakers from Japan,
        125 words
      • Article
        Lock icon GM in buyout talks? No, says BMW
        91 20 HERE'S another denial. BMW has dismissed speculative reports that General Motors is in talks to buy over the company. "I can tell you there is no truth in it whatsoever," a spokesman based here said. GM had dropped hints at the Detroit Motor
        91 words
      • Article
        Lock icon Porsche's 911 Millennium model
        58 20 PORSCHE has come out with a 911 Millennium model. The car is finished with a special paint that appears in shades of black, dark green and violet depending on the light, and angle it is viewed from. It features 18-inch wheels, sunroof, Litronic headlamps, and Porsche
        58 words
      • Article
        Lock icon Tibs Taxis clinches SIA, Sats oontract
        56 20 TIBS Taxis has clinched a $2 million-a-year deal with Singapore Airlines and Singapore Airport Terminal Services to provide taxi services to their flight crew and staff. The renewable three-year contract took effect on Tuesday. Before switching to Tibs, SIA and Sats were served by
        56 words
      • Article
        Lock icon New M3 expected here by next March
        95 20 A NEW BMW M 3 will be launched in the second half of the year but details are sketchy at the moment Its design concept was first shown in Frankfurt last year, and again in Detroit last month. This car will be BMWs
        95 words
      • Article
        Lock icon Emas extended to ECP
        83 20  -  Complied by Christopher Tan THE Expressway Monitoring and Advisory System (Emas) has been extended to the East Coast Parkway (from Keppel Road to Still Road). Emas was first launched on the Central Expressway on March 21,1996. It was extended to the Ayer Rajah Expressway on Nov
        83 words
    • Article, Illustration
      Lock icon Audi TT delayed again, expected in March or April
      470 20  -  Firm says delay has nothing to do with modification work By Christopher Tan [SINGAPORE] Audi's troubled TT sports coupe has been delayed once again. The car was initially expected here by December. This was pushed to January/February. Now, a top Audi
      470 words
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      75 21 SINGAPURA T x JiW BUILDING SOCIETY LTD A J NEED A LOAN? TAKE ADVANTAGE# OF OUR FINANCIAL STRENGTH f 1 We provide loans and financial assistance for your Corporate and Personal Financing. j| Car Loan Home Loan Share Loan Commercial/Industrial Loan Factory Loan and etc. I East Coast: 348 8262
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  • Page 23 Advertisements
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      86 23 >yy JJ^H i Ji ••< Residential property in Melbourne has a long and successful history of investment performance with 01 minimal downside or risk. Now you can virtually access the latest information on new developments, legal matters and much more. At your own convenience. Anytime. I Click on www.centralequity.com for
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  • EXECUTIVESuite
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      Lock icon New property Web site draws investor interest
      757 24  -  A blue chip company is in talks to take up a stake in Propertyßuyer.Com, which will be launched soon after the Lunar New Year. coBDmE kerb finds out what this Web site has to offer CORINNE KERK Shareholders of a new property Web
      757 words
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      Lock icon Aussie properly market shows signs of danger
      1630 24  -  Overbuilding, threat of higher interest rates and impending goods and services tax may burst bubble By Lim Say Boon The writer, an Australian citizen, is head of research with a large local bank AUSTRALIA'S residential property market has entered the danger zone. After
      FILE PHOTO  -  1,630 words
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      Lock icon HOUSEHUNT
      3186 21 Property transactions for selected districts lodged between Dec *****9 and Jan *****0. ST ss sssp K ""K (SOFT) (SS-000) ,S$, "*8* mm M Uistrict09 JC Draycott Apt 10/11/99 FH 797 1050 1318 Non-tafutod Jervois Lodge Apt 01/12/99 FH 1378 1100 798 AACte Apt 23/11/99 FH 1561 850 545 Jervois
      3,186 words
    • BY DESIGN
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        Lock icon A Chinese scholar's elegant study
        1170 22  -  That was what Dr Paul S Lietman of Johns Hopkins Singapore wanted his office space to be. With the help of The Merchant Design Co, he successfully created one. parvaibi wayar reveals how the look was achieved PARVATHI NAYAR IT'S the location that makes it
        ARTHUR LEE  -  1,170 words
      • Article
        Lock icon New homes for sale
        228 22 DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq«) LAUNCHED UNITS SOLD* ($paf) River Place FEO 3 Havelock Rd 678-3,229 509 348 950 99-yr Tanglin View FEO 3 Alexandra Rd 872-2,282 256 161 830 99-yr Avalon PidemcoLand 9 Anderson Rd 958-4,241 82 48 1,620
        228 words
    • REGIONAL PROPERTY
      • Article, Illustration
        Lock icon Foreign funds buy into HK
        778 23 The Hongkong and Thai property markets are looking attractive to investors, reports carol eng Foreign players are likely to continue buying Hongkong properties over the next 12 months, and start picking at the Thai property market as well. In a regional report being collated for
        FILE PHOTO; Source: H & Valut Dept/DTZ D Tie Leung  -  778 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      142 25 Bridge News, Reuters VESSEL owners found scant evidence of any beneficial change of direction in the dry cargo > freight market on Tuesday, brokers said. Panamax rates east of Suez remained steady and period timecharter business of up to 12 months' trading was in that region /'at respectable
      Bridge News,; Reuters  -  142 words
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      Lock icon MARITIME STOCKS
      283 25 TTr WHTfH S» w T Distribution 1.20 0.02 10 Chum Hup 0.40 unch 4596 Cosco Investment LOS 0.01 4 Freight LMu 017 inch 222 G8 Holdings 0.83 unch 0 Hat Sun Hup 0.79 unch 38 IMC HoMlngs-HK 5.60 unch 0 Jaye Holdings LI7 0.02 T78 Jurong Shipyard L62
      283 words
    • Article, Illustration
      Lock icon Star, Carnival join forces to bid for NCL
      476 25 US cruise operator to acquire 40% stake in Star unit, set np to acquire Norwegian crnise line Reuters [OSLO] US cruise giant Carnival Corp and Malaysia's Star Cruises yesterday surprisingly joined forces in a battle for Norwegian cruise firm NCL Holding. The
      Reuters  -  476 words
    • Article
      Lock icon China sentences pirate to death
      261 25 Two others given life terms for hijacking cargo vessel last year AFP [BEIJING] A member of a Myanmar pirate gang which hijacked a cargo vessel in the Andaman Sea was sentenced to death by a Chinese court and two other pirates were jailed for life,
      AFP  -  261 words
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      Lock icon Transmarine GM breaks with tradition in his running of the company
      547 25  -  SHIPSHAPE By Marcus Hand GLEN Symonds, general manager of Transmarine Navigation in Singapore, is a man quite literally bursting with enthusiasm for his job and life in general. The move by the former ship captain, whose last job was
      547 words
    • SHIPPING news
      • Article
        Lock icon Oil major 'toughens policy on old tankers'
        290 26 Reuters [LONDON) Oil major ExxonMobil has toughened up its policy on using tankers more than 20 years old, shipbrokers have said. The company has adopted a policy of only accepting vessels older than 20 years on a case-by-case basis after senior chartering managers'
        Reuters  -  290 words
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        Lock icon Bid to cut ballast risk
        709 26 IMO is looking at rules to prevent the spread of harmful aquatic organisms in ballast water IMO News SHIPS have always needed to take on ballast at certain times to maintain essential seagoing properties. Originally the ballast consisted of bricks, stone, iron and other substances,
        IMO News; FILE PHOTO  -  709 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      198 26 PACE Ojak Lloyd 8 ACL 6 Donqnama 3 ANL 3 ECL Accord 8 ECU Line 6 Appenship 5 Ever 9 rew Austral 8 foonq Sun 8 Balaji Shpq 5 K. Gemartrans 6 8'tanq Mas 8 Hin,,i 7 CCNl 7 Hanjm CMA 8 Hansameyef 5 COSCO 5 Hcunfl
      198 words
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      Lock icon SHIPPING GUIDE
      17242 33 thebusinesstimes THEBUSINESSTIMES EXPORT Voyaa* Telephone I ETA ETA Advertiwr Vnui I FT A FTA Advertiser Vxui Wow doe Telephone I rr» r.. Advertiser v Telephone ETA ETA Advertiser V«M Voyage TMcMr* D ,n Name Nun** Number SIN Dest'n Name Name Number Number WW 14/03 Evergreen E. GROWTH 0325-071W
      17,242 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        631 36 Vmm4 Voy No Berth Arrival Departure JM|M Spc Capricor *****9 Jt2 02/02/7 :25 02/02/7140 M Bump S E ***** J01 02/02/10:30 02/02/18:00 Harm* Ac* 0202/0 J12 02/02/7:50 02/02/2140 Gs» 213 60Sa 36 02/02/6.40 02/02/2359 Labroy 133 Nc/32 302 02/02/715 03/02/840 Bt HtrM ***** 301 02/02/815 02/02/20:15 Tropical 28
        631 words
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        Lock icon CONTAINER SCHEDULES
        1968 36 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Booklng/BaUnc* Rstls Ship Voy No Etb/Btr Portod From To From UU DM* cout «AT» ovnoo oy*» i»*o ZA 01/1700 Hints* 02/0900 a Oi/TTOO 02/0*59 02/0900 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/T700 wiaumi— roi i/ttoo i ovnoo 5»a» ao a
        1,968 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        220 36 Feb New Zealand: Public Holiday, Waitangi Day. Germany: Epiphany Day. Sweden: Epiphany Day. Feb 7 Singapore: 3rd Day of Chinese New Year. China: 3rd Day of Chinese New Year. Hong Kong: 3rd Day of Chinese New Year. Feb 19 Thailand: Makha Bucha Day. MarM Indonesia: Hari Ray a
        220 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        801 36 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 indicated. The Cockett Bunker Price Index change and
        801 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        405 36 Carton 180 Max 990.8 0.7 19.0 0.08 78 0.06 Jm IT Density NtW* Art Atonrtnluai MImM No above C25 0 0 25 0 0 0 380 Ave 987.0 0J 14.5 0.06 34 0.02 u 380 Mm 992.5 17 17.7 0.09 72 0.05 1MB »/V M/M Wo
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        Lock icon 1968 Irish air crash report delayed until March
        297 37 Reuters [DUBLINJ The release of a key report on Ireland's worst air disaster, the Tuskar Rock crash of 1968, has been delayed until next month. A government spokesman said the report, originally expected this month, was more likely to be published in
        Reuters  -  297 words
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        Lock icon British Airways to slash 6,500 jobs
        549 37 Carrier trying to cut costs, reverse fall in profits Reuters [LONDON] British Airways plans to shed some 6,500 jobs over the next three years as part of a strategy to cut costs and downsize its business in order to reverse a plunge in profits,
        Reuters  -  549 words
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        Lock icon Alaska Airlines chairman defends safely record
        527 37 Carrier will not ground any of its fleet of 35 McDonnell Douglas MD-80 and MD-83 planes Reuters [LOS ANGELES] Faced with his airline's first fatal crash in a quarter of a century, the chairman of Alaska Airlines on Tuesday defended his company's safety record
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        Lock icon Argentina suspends plan for open skies deal with US
        403 37 Reuters [BUENOS AIRES) Argentina grounded plans to lift flight restrictions with the United States to help its flag carrier Aerolineas Argentinas stay in the air and pay its soaring debt. "The open skies agreement with the United States has been suspended,"
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        Lock icon Boeing, BAe combining bids for Korean firm
        156 37 AFX-Asia [SEOUL] Boeing Co and BAe Systems are planning to combine their bids for partnership with Korea Aerospace Industries Ltd (KAI), a consolidated aircraft entity of Samsung Aerospace Co Ltd, Hyundai Space Aircraft Co Ltd and Daewoo Heavy Industries Co Ltd, the Korea
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1964 37 CITY FLIGHT ETA FUGHT ETD 0F6 1840 MataMt BA7381 1930 BA7382 2060 FafcMka S0989 1540 $0990 0125 °f«1 1930 0F82 2050 GuMfzlNM S0603 1910 C2352 0635 *"®229 "30 CZ353 2045 S0804 1015 SO229 2230 HMai VN741 1310 VN740 1410 AiMtartMl S023 0650 GA974 0120 *"5?™ T
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        Lock icon TradeNet operator to focus on trade and logistics services
        592 38  -  Singapore Network Services will also expand two other core areas: healthcare and legal work By Ann Toh [SINGAPORE] Singapore Network Services (SNS) will focus on three core areas as it expands its business beyond the operation of Trade Net, Singapore's online
        592 words
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        Lock icon Circle to sponsor Logistics Institute
        190 38 [SINGAPORE] Circle International has committed to sponsor the Logistics Institute Asia Pacific, an initiative by the Economic Development Board (EDB). The institute forms part of EDB's vision to develop Singapore into a leading logistics hub in Asia. I "The institute is a vital force in
        FILE PHOTO  -  190 words
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        Lock icon UPS earnings in 4th qtr better than expected
        471 38 US package delivery company's profit climbed 37% while revenue was np just under 12% AP [ATLANTA] United Parcel Service (UPS) reported better-than-expected fourth-quarter earnings on Monday, but saw its stock drop more than 8 per cent by U555.43 to U5559.50. "We don't
        AP  -  471 words
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        Lock icon Bureau Veritas buys two US logistics companies
        220 38  -  David Hughes [LONDON] French-based classificatffii and inspection society Bureau Veriß has bought US cargo and intermoJ6 equipment firms Unicon Internatioi© (UIL) and Neptunus in order to beef A its stake in the international logistft market. "The acquisition will enable BureA Veritas, the market
        220 words
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      29 25 Bid to cut ballast risk Page 2 Alaska Airlines defends safety record spagei3 Aircraft schedule Page 13 Trade Net operator to focus on trade and logistics services Backpage WE
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      201 26 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Asia, North America and Europe, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com Ejriiprr.Bnc Surrjrsryjfß BBBpih *****1111 -I m .Ylllljiil MBUi■ i■ v/^lvOsl bli- i I Jv^l L lSrE:
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      599 26 ICS I .ill: Cross I'orts Inter* ontinrnt.il He Ltd Tel: 235 0060 See Page 3 FixW-Oqy tdwdufa to JPN, TWN, HKG, PHL (Act «p4inq FCU to owounp Ivoy jkt| ml pop jm mni| hkolkm. [khh osa |tyo I ron ykk «M 2 I moo lujoT" MY* IBDGI 17M HM 0102
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      193 26 Lines services represented Members of the Registry of Members of the ccre^ Shipping Agents, Singapore Logistics Association S pore Notional Shipping Assoc ULY UNE MALE VESSEL VOY ETA Tlu ETA P. KLANC SPOBE MALE Empress lily VO2OO 16/02 17/02 26/02 Princess Lily VO2OO 03/03 04/03 13/03 Empress Lily VO3OO 19/03
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      1187 27 SAX SERVICE (DIRECT) vcsa voy sweu uut oak dai hou or ax mem <n kyc ATIGAMtT 0171 26/01 10/02 15/02 15/02 15/02 15/02 15/02 15/02 16/02 16/02 Aft SUB 0171 02/02 17/02 22/02 22/02 22/02 22/02 22/02 22/02 23/02 23/02 API TURQUOISE 0171 09/02 24/02 29/02 29/02 W/02 29/02 29/02
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      2009 27 OHANJIN SHIPPING !ik PI tfcMpilo* Mr. *****30 H***" MfflG (S) PTI LTD top <n tOWWC *****35 237 SALfS *****74 731 POCUNHH *****71 774 OfMAIKXft *****50 751 MINUK *****55 FAX *****40 aNO **********0 M TO NW USA CANADA USA CANADA* Imwvoy mm sm imhau/voy s" I D| m roi r~6i r~iw
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      90 27 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: wgateembox2.sin g nrt.com*g Calcutta siChittagong PORT LOUIS 107/02 I Karachi f COLOMBO 15/02 KARACHI/LAHORE 13/02 Bombsy f Msdrss bombay 11/02 I MADRAS/BANGALORE 15/02 IrS.
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      1672 28 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA VtttEl VOY LfH HTM HAM IRV FLX VtSStL WIT SIN Cfl Sft TPS W.C MTW HAMJM DAUAN 0028W 04 02 2t 02 27 02 24 02 25 02 77(2 MM SHU MMW OS 02 22 12 24 02 2( 02 2( 02 07 (3
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      1087 28 p Ai MAC-NELs S'PORE M'&lA rTTTTj Carrier: MN CONTR LINES, INC p.guoang: (07)*****26 I fYv J cm HO: ********** M SIBU: (064) *****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P KELANG: (03) *****77 JKT: (21) *****45 KUCWG (082) *****1-3 BARCELONA EX 'EVER GROUP' V. 0733
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      626 28 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO SPOM N SHEVA COLOMBO PKLANC CAPt CANAVERAL V.IIIW 17 FEI lIFH 2IFH 21 FEI TULSIOAS Vl2O 14 FEI 23 FEI Z1 FEI M MAR CAPE CREUS VIO7W 21 FH H MAR K MAR 11 MAR CAPE CANAVERAL V I 1«W 21 FEI M MAR 12
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      1799 29 [VESSEL VQV I KHH I HKG SIN PKG PXB PMM BA I BIK 1 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 16/02 26/02 27/02 29/02 02/03 IRAN BAABAEI PCL-142 16/02 18/02 22/02 23/02 04/03 05/03 07/03 09/03 IRAN SEESTAN PCL-143
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      978 29 FEB 2000 MCfPIHM CM TO DAKAR, LAGOS, TUU A AlttJIM VIA GENOA I nL 226 "®0 FAX: *****06 OUTWARD (l/l) 420H02 WHOSE OfFKE; i ny*7*SflM« 2KU OAMO* *****57 43 I*W«D D£TT (D/ 0) *****15 COSTAR AGENCIES (M) SDN ND *****25 TE: 02-07-35 ***** FAX? 02-07-35M170 WW Htt SHA MN XM
      978 words
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      696 29 EXPORT I iMPQtT I 1 HggjyttZZll m^m'2^o2' ~l>o| ffij 'jyoj ,j 'wuiiot oim ufll MB Mfl8H&& Mil 'Sfll flflj flfll uflM QMS 012W~74/0? 17/03 19/03 70 /63" 21/03 I MMlUgf S« *Q?ol U/A jffll 1 Kcytwt (iWOR WI HKMfc 1) fß>. WBMtiqya. ■OVOW. ST inuint VMIIMI7) MW w* roi TRAHSPAORC
      696 words
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      1283 30 ■gpii k I EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA I c nuinv uu n SGP "Ml W6 THf K IH» LHV THP ROM ANW HBG PKL I SGP I I r 99/92 24/92 91/93 29/92 29/92 ?952 91/93 E RENOWN RE-037 1341 1541 14*1 18/01 ILVI 06/02 0742 r 12/92 "Z* 3 99/93 99/93 99/93
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      927 30 ArP ADVANCE CONTAINER LINES (PTE) LTD TEL: *****21. FAX: *****19. TELEX :RS ***** ACLPL FOR BOOKINGS PIEASE CALL: *****22 SALES A MARKETING *****21-28 OPERATIONS: *****60 *****05 Cfl NO **********06 ■AWOKOK Sim—n—t JAKARTA •(7 VBSa *91 SIN KK VESSa VQY SW JKT YANTRA BHJM (RM) 327N 3/2 TKj 6/2 Sun KOIA
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      404 30 SO Taw BLANGAH ROAD 102-02 CITIPOffT CENTRE STORE *****1 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** Cfl NO. **********0W KSSa *K fU FID DESTBMnON nmuum wmwmam ioc« k.mum MMUKMI MHHKB IMZ9M MUNTW For and bookings plem contact SEASPACE SHIPPING (S) PTE LTD 133 New Bridge Road #09-08 Chinatown
      404 words
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      408 31 BSfl ik Mft MYANMA «BBk FIVE STAR LINE (Myaamr National lino) 1 Loading (or Yangon (Rangoon) vtssa vot sin pkl pen pgu SiTTYrt 91W o*/w HPA-AH 267W 01/02 MALAYSIA AGENTS: WUSTIAO SHIPPING AGENCIES KUL TU (03) *****00 PKL 18. (03)*****01 PEN: TH (04)*****02 PGth TU (07)*****21/4 BANK LINE (A ttrvic*
      408 words
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      1281 31 HMNE* HYUNDA^AERCHAN^AARIN^Oj^^D^^^^^^ ivpsa voriswisou|UH|m»|AW|HAM|tv|m| Ivtssa vot sou j ia I ran I ant I ham tv "a" 5m TYW S3SW 04/02 25/02 24/02 20/02 22/02 LA LOME 5311 14/0115/0104/01 11/01 NOICYPRME 016W 07/02 23/02 24/02 24/02 24/02 NOLAMAZOMTI 0244 10/01 15/0112/01 13/01 03/02 HY KARON 324W 10/02 21/02 04/03 01/03
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      1111 31 vOOv WALLENIUS WILHELMSEN I TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE" VESSEI VQY RAMP HUGOT SIN |IK MAO MIA SAV lAL QRf NTC WW MOO TAPKHA AHOO4 400 Tom 6.3 M U/02 10/03 19/03 72/03 24/03 26/03 27/03 N/03 02/04 04/04 TAMPA AHOOS 400 Toas 6.3 M 21/02
      1,111 words
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      704 32 ■JWOKOtC/ MAP TA PHUT/ LACM CHABANOI JAKARTA/PAN JANQ VESSEL VOY SIN BKK MTP LCH VESSEL VOY sfi3 JKT PJN ANAN BHUM AA 149N In Pt 05/02 =7= bu U u ofi/02 ULA BHUM 142N ~WO2 YANTRA BHUM 327N 02/02 08/02 05/02 UAOM£ 2LL! 1 NAKTA BHUM*' 481N OS/02 HARI BHUM
      704 words
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      326 32 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTMNER SERVICE va wt m m _m_ jw_ jn_ _m_ *n m usumi m n/n «/u u/tj ii/n w/«~ fumdhsmm ~!u m/n ~limn/nn/n~v/ii~ mivgrr ~~m is/w 7yw v/rn ivn o/o~ tnwauD n/r n/n ovrao//» 11/u FEEDER SERVICE TO INDONESIA *V WT iWWB IUMTt IBM)IK
      326 words
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      687 32 VESSELS VOY StN PKL JED MLA LEW RTM mam W I QfYT SAUOIJEDOAH K3BN MK 06*02 13/02 18/Qg 23/02 25/02 26/02 2*02 "~2a/Bg SAUDI JUBAIL H3SW 08/02 OS/OS 18/02 23/02 28/02 01/03 02/03 04/03 QM3 SAUDI YANBU __j_s/Q2 ~mg~ 2*02 QCO3 06/ TO am »03 IvtLEOEiaMOSA V36W 21/02 22Ag 02AP
      687 words
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      31 36 AHOY! Europe. Sailing schedules from Amsterdam to Zurich. 2 4 hours a day in the Shipping Guide Fax-On-Demand hotline 740 6000. Another innovative service offered by I'm Hi >i\i>sTimi> Sinri'iNd Timks
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      248 37 SOUTH EAST ASIA AUSTRALIA RATE RESTORATION In November 1999, the under-mentioned Lines had announced to the trade of a Rate Restorabon effective 1 March 2000. We wish to remind the trade that with effect from 1 March 2000, the following minimum rates shall apply from the respective ports of origin
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      46 38 4 tfjj^M■ The No. expii^c&inpany Europe announces EtfltOPE FIRST, the way anything to Europe-GuaranteetPl-With wj}s^%. f-sSi offer the up I I W I I ill I 1 L| I J delivery. So for export made easy to our 24-hour Customer at 1800-285 8888. RRST Terms apply.
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