The Business Times, 10 February 2000

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Total Pages: 44
1 44 The Business Times
  • 14 1 THE BUSINESS TIMES MfTA (P) 035/12/1999 85c SINGAPORE Internet: http://business-times.asial.com.sg/ THURSDAY, FEBRUARY 10. 2000
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  • 61 1 sn (-18.48) BT-SBI 8M.47(-10.08) SIMSCI FOTUKES 2HJO (-€.20) STOCK MAKKET INDICES Wednesday Change KLSE COMP 99L85 +12.80 NIKKEI 20,007.77 +13&89 HANG SENG 16,819.46 +***** SET INDEX 456.02 9.92 JAKARTA COMP ***** +2.5-5 MANILA COMP „i047i7 +1183 TAIPEI WPI 10.008.88.._+152 49 SEW 1. COMP 961.22 -11.91 CLSA CHINA B
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  • 86 1 FOREX RATES uss s$ US$ 1692 £(1JS$/SSpcr£) 1.613 2.728 ElRO(ljS$/SS/E) 0 992 1.679 DM 1.970 0.858 YEN 108.8 1.555* RM 9.800 0.445 HKS 7.780 0.217 BAHT 37.57 0.045 RITP1AH 7,345 0.023' 'St to 100 units "St to 100 units PUME KATES SINGAPORE* 5.80 Kl'ALA LL MPl'K 7.67 JAKARTA .39.00
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  • 566 1  -  i:iiexclusive Ministries of education and home affairs moving ont of Tanglin; sites slated for residential use Hyt Carol Eng, Marissa Chew [SINGAPORE] Two massive sites at the prime Tanglin area currently occupied by government ministries have been slated for residential use,
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  • 505 1 Buyxom, eßay, Amazon.com, CNN were among those hit Reuters [SAN FRANCISCO] Hackers pulled off a series of brazen attacks on major Web sites on Tuesday, leading to shutdowns at Buy.com Inc and eßay Inc after a similar assault hit Yahoo! Inc the day before.
    Reuters  -  505 words
  • 337 1  -  PEOPLE Revamp of parent MediaCorp sees high-level casualty; group looking for successor By Siow Li Sen [SINGAPORE] Government-owned Media Corporation of Singapore, which is undergoing restructuring to stay vibrant in the fast-changing broadcasting industry, has suffered a high-level casualty: Lee Cheok Yew, the
    FILE PHOTO  -  337 words
  • Page 1 Advertisements
    • 91 1 PfSPE Motoring Auto ads zoom up 12.5% to $36m. Pg 26 Car Cars tees off golf pro plan. Pg 26 BT Comment Death of newspapers? Not quite, not yet. Next Page NEL's e-commerce foray helps reduce other risks. Pg 3 Top stories UOB promotes several senior execs in unprecedented move.
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    • 1 1 WHERE
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    • 86 1 Ex PacNet chief now heads Aussie paging firm Easy Call v t Creative s Sim Wong Hoo now f hall a liillionaiie. isfvr* !<l SF s Inter,! hot slock Mesim.iga Softbank sets up 150h yen Internet fund. neuters unveils £500 million Net strategy. S'pore Web sites safe but not hacker-proof:
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  • NEXT page
    • 570 2  -  Deal will give it strong presence in communications equipment market By, Jennifer Lien [SINGAPORE] Nat Steel Electronics (NEL) will pay US$2OO million (*****.2 million) to buy a US manufacturing plant from an NEC Corp subsidiary, a move that will help it achieve
      ARTHUR LEE  -  570 words
    • 665 2  -  PEOPLE Company is migrating core business to Internet, seeking S'pore listing soon By l Conrad Raj [SINGAPORE] Chan Wing Leong, Pacific Internet's former executive chairman, hra resurfaced as executive chairman of listed Australian paging company Easy Call Asia Ltd, which is planning
      FILE PHOTO  -  665 words
    • 337 2  -  I si I exclusive Conrad Raj [SINGAPORE] In an unprecedented move. United Overseas Bank has promoted three of its senior management to senior executive vice-presidents (SEVP). It has also promoted two senior vice-presidents to the post of executive vice-president (EVP). While Gn Hiang Meng, Samuel
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    • 658 2  -  I=l i comment TECHNOLOGY But what happens in this Industry is likely to foreshadow developments in other industries kenneth james READERS of the Singapore Press Holdings' newspapers literally saw red on Tuesday. Setting aside debate on the merits of this unusual marketing gambit,
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    • ON THE grapevine
      • 178 2 SOME banks in Singapore are now explicitly targeting art lovers. ÜBS, for instance, recently started offering "art banking" services to its Singapore clients. According to its brochure entitled Art Banking: Another Financial Planning and Wealth Management Service, ÜBS has "highly qualified specialists" who offer a one-stop shop
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      • 28 2 PSST! Colliers Jardine's director Lim Gnee Kiang has quit the firm last week. Sources say he may be looking to set up his own consultancy.
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      • 151 2 Flying Low Slow TRY to beat this for a publicity stunt. Iron Annie, a 1939 JU-52 aircraft, is making a 40,000 km world tour at a laid-back speed of 180 kph (modern planes do about 1,000 kph), piloted by a crew of 10 volunteer pilots who also lovingly maintain three
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  • SINGAPORE companies
    • 252 3 ELECTRONICS stocks charged skywards yesterday on frenzied buying, tracking a surge by technology issues on Wall Street on Tuesday which boosted the tech-heavy Nasdaq index to another record high. The Singapore stock market's top gainers list was dominated by stocks like Creative Technology, Venture
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    • 479 3  -  $39 close highest since Feb '97; gains seen from Net investment strategy Ven Sreenivasan CREATIVE Technology shares continued to surge yesterday as analysts re-rated the company based on gains they expect it to make from future listings of its Internet startups. The stock of
      FILE PHOTO; Source: Bloomberg  -  479 words
    • 696 3  -  ![s33locksiew lee han shih NATSTEEL Electronics (NEL) has taken the biggest gamble in its corporate history. Jittery shareholders watch out it may have to take even bigger gambles in the next few months. Yesterday NEL. the fifth largest electronics subcontractor in the
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    • 554 4  -  CORPORATE RESULTS Associate Ml boosts profit; group nnveils $100 m e-commerce, Internet strategy By* Teh Hooi Ling KEPPEL Telecommunications Transportation (KT&T) yesterday reported a better-than-expected 73 per cent surge in net earnings to a record $22.4 million for the year ended Dec
      ARTHUR LEE  -  554 words
    • 356 4  -  By' Wong Wei Kong ELECTRONICS contract manufacturer PCI Ltd, which recently started implementing a three-year growth plan, reported yesterday a 102 per cent increase in earnings for the six months to December 1999. PCI said net profit for the period hit $7.1 million
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    • 514 4  -  Shareholders meet in April on tie-np with Vickers Balks Wong Wei Kong REPORTING its results for the last time before shareholders vote on a proposal to merge with fellow broking firm Vickers Ballas, GK Goh Holdings said
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    • 171 4 DEFENCE group Singapore Technologies Engineering has made a host of changes at the group level. For starters, it has finalised the $268 million acquisition of sister company Chartered Industries of Singapore (CIS). CIS, a weapons and munitions maker, will merge with ST Auto to form
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    • 232 4  -  Counter is biggest percentage gainer, closing at 46.5 cents Ihfi Audrey Tan SHARES in Thakral Corporation made the biggest gains in percentage terms in the stock market yesterday, on news that it had signed a deal with Pacific Internet to offer services
      Source: Bloomberg  -  232 words
    • 382 4  -  Toh Han Shih PACIFIC Internet's revenues from electronic commerce will outstrip its traditional Internet access revenues in two years, Pacific Internet eßusiness general manager Larry Ang said yesterday. "The daughter is always prettier than the mother," he said, referring to Pacfusion.com, PacNet's newly
      AFP  -  382 words
    • 220 5 UNISTEEL Technology, which has received in-principle approval for a mainboard listing, said yesterday that it would launch its initial public offer (IPO) next week. The company, a leading manufacturer of high-end precision fasteners for the hard disk drive (HDD) industry, hopes to
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    • 310 5  -  It renames two units in food services, manufacturing arm, restructures operations By] Francis Kan MAINBOARD-listed Prima group has renamed two of the companies in its food services and manufacturing arm to better reflect their businesses. The change, which has been effective since Feb 1,
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    • 323 5  -  From I Surinder Singh in Sydney THE financial crisis in Asia may have turned some companies upside down but at Shangri-La Asia, it was a chance to do some housekeeping and to shore up its holdings. The company, owned by Malaysian billionaire Robert Kuok's
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  • Page 3 Advertisements
    • 89 3 Premium Automobiles Branch Showroom 61 Übi Avenue 2. #01-11 Au I Singa p or e *****8 Tel 84 1 11 83 Fax 841 3181 Parts Service 27 Leng Kee Road. Singapore 1 *****. Tel: 473 11 83 Fa*: 473 11 31 According to Auto magazine, "with ijJgC' all its features,
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  • Page 4 Advertisements
    • 473 4 Workshops on Goods Services Tax GST a simple tax? More than 5 years after the introduction of GST, there is still a degree of uncertainty amongst businesses about the application of GST. In its basic form, GST is a simple tax. Yet, it must deal with a wide spectrum of
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  • Page 5 Advertisements
    • 184 5 HI V i J "V- '*<" -f-\ -s J~ 7 411 R V Efl ftfl This is what golf is all about. for for dough. the arc ways to hole a but the outlets across the putters l m Hiro Matsumoto, we know putters at Pan-West. L As Singapore's premier
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  • SINGAPORE markets
    • 504 6 Slocta Volume Benefun HK10c 33,486,000 Vickers Caprtal 25c 22,971,000 GK Goh WtOO 20,635.000 ChuanHup 20c 18,959,000 IPC Corpn 5c 17,204,000 MediaRing 10c 17,129,000 PCI 25c 17,096,000 Eastgate 10c 13.793,000 Goldtron 20c 13,378,000 PohLian 10c 13,196,000 Stocks DBSGrp 74^976,539 SIA 51,900,792 UOB 44,304,948 OCBC 42,047,414 PacificCentury 34,686,219 OUB 32,953,650 MediaRing 10c
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    • 191 6  -  WARRANT WATCH By: R Sivanithy WE'VE highlighted the extension of life spans of Malaysian warrants in this column several times in the past, but we've not seen one where the extension is six months, with an option to extend another five years
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    • 600 6  -  I=ll comment STOCKS r.sivanithy IT was another "tech" day for the local market yesterday although there was no technical rebound index-wise, it was technology stocks that enjoyed the best part of what turned out to be a weak day for
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    • 230 6  -  HOT STOCK Ity Wong Wei Kong SHARES of electronics contract manufacturer PCI Ltd rose sharply in heavy trade yesterday, with the stock finishing as one of the session's most active issues and biggest gainers. PCI shares closed at 51.64, up 13 cents or 8.6
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    • 181 6 ♦Shangri-La Hotel yesterday gave recent valuations of its properties. DTZ Debenham Tie Leung (SEA) valued Shangri-La Hotel at $610 million, Shangri-La Apartments at Anderson Road at $187 million, Shangri-La Residences at Lady Hill Road at $171 million and Rasa Sentosa Resort at $89.6 million. ♦Jaya Holdings said trading
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    • 342 6  -  I:l I comment CURRENCIES larry wee THE US dollar gave up some of its recent strength in Asian trading yesterday, despite another record day for technology stocks in the US asset markets overnight. Yet another new high of 4,427.50 for the Nasdaq Composite Index
      Source: Reuters  -  342 words
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    • 136 6 This announcement does not constitute an offer or invitation to any person to subscribe for or purchase any of the securities described herein, nor is it calculated to invite, nor does it permit the making of, offers for such securities. The issue was fully subscribed for on 28th January, 2000
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    • 26 6 Do you need flexible financing for your share purchases 7 Call us at 323-3955 and find out what we can do for you S3 DBS BANK
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  • SINGAPORE news
    • 271 7  -  I A w 4 =1 on the economy prices By. Audrey Tan IMPORTED inflation looks set to rise, as import prices surged 9.8 per cent in December due to higher oil prices. Latest figures from the Department of Statistics (DOS) show that the doubling
      Source: Dept of Statistics  -  271 words
    • 243 7 CHENG Wai Keung, chairman and managing director of Wing Tai Holdings, has been made Singapore's representative to the Apec Business Advisory Council. Mr Cheng, who was appointed by Prime Minister Goh Chok Tong, replaces outgoing representative Lim Ho Kee, director of
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    • 512 7  -  Motor traders expected softening as window period for bidding was shorter By Christopher Tan CAR buyers who gave the Chinese New Year crush a miss were rewarded yesterday with a hongbao COE prices fell by 6-11 per cent in
      512 words
    • 468 7  -  By 1 Eugene Low GLOBAL Refund, which provides tax refunds in cash to travellers worldwide, plans to expand its business in the Asia Pacific over the next one to two years, using Singapore as its regional base. Asad Jumabhoy, Global Refund's regional director for
      CHRIS LOH  -  468 words
    • 441 7  -  Over-protection will hamper business, they say By Toh Han Shih SINGAPORE e-commerce players have put up adequate defences against hackers but acknowledge that that they cannot totally prevent attacks on their Web sites. Moreover, they cannot afford to be too defensive
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    • 245 7 $15m price; planned use a first for a collective sale site A GROUP of European investors specialising in retirement villages has bought Loyang Lodge for $15 million with the aim of developing the site into a retirement village. This will be
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    • 333 7  -  MAILTET7I Lim Chin Siew Singapore via Internet THE letter by Andrew Tan (BT, Feb 9) was indeed a fine piece of English eloquence. However, sad to say, it was in rather poor taste. By allowing incendiary remarks to be published, I am concerned that the commercial
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    • 268 7  -  Y C Bay Singapore I REFER to your article "GPE to buy parent's GP Batteries, Clipsal stakes" (BT, Feb 2). According to the article GPE is to pay a substantial premium to the parent for the shares of GP Batteries and Clipsal
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    • 36 7 You can e-mail us at btletter@sph.com.sg or fax us at *****71, or mail your letter to The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. Please give your full name, address and telephone number.
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  • EDITORIAL & opinion
    • 723 8  -  mii\4 I bottom line OPINION paul krugman The writer is a professor of economics at MIT and the author, most recently, of' The Return of Depression Economics' NYT WHEN Japan's Kansai International Airport was being planned, there was considerable uncertainty over how much
      NYT  -  723 words
    • 141 8 'We have in this great country a superb economy, but you have this extreme risk of dramatically insufficient domestic savings translating into a current account deficit of very great size.' Michel Camdessus outgoing head of the International Monetary Fund, on US share prices and low US savings
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    • 617 8 EDITORIAL Tnii sianaon between Indonesian President Abdurrahman Wahid and his Coordinating Minister for Security and Political Affairs, General Wiranto, reflects a lack of coherence and authority in the new government which could cost Indonesia dear. It all started when Gen Wiranto was implicated by a govern-ment-backed
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    • 1121 8  -  That's what Unctad offers both developed and developing countries at its 10th meeting in Bangkok next week By] Harish Mehta The writer is BT's Bangkok correspondent THE Tenth United Nations Conference on Trade and Development (Unctad X) meeting next week in Bangkok
      FILE PHOTO  -  1,121 words
    • 729 8  -  COMMENTARY She's no longer the first lady or Hillary Rodham Clinton. She's jnst HILLARY! By) Maureen Dowd NYT [WASHINGTON] I just love the perky campaign slogan. "HILLARY!" It evokes all those shiny divas who need only one name Cher and Madonna and Charo and Ann-Margret. It
      NYT; FILE PHOTO  -  729 words

  • MALAYSIA news
    • 569 9 KUALA LUMPUR Deputy Finance Minister cites exports and pick-up in domestic demand Reuters MALAYSIA'S economy is expected to expand by more than the official 5 per cent forecast in 2000, driven by exports and a pick-up in domestic demand. Deputy Finance
      Reuters  -  569 words
    • 433 9 KUALA LUMPUR US carrier appoints MAS local gronndha lulling aiffinf Reuters MALAYSIAN Airline System Bhd (MAS) and Northwest Airlines Corp moved closer to a full partnership yesterday when the US airline appointed the Malaysian carrier as its local ground-handling agent. The move fuelled speculation that
      Reuters  -  433 words
    • 74 9 KUALA LUMPUR Reuters MALAYSIA'S Technology Resources Industries Bhd (TRI) is close to reaching an agreement with bondholders after it defaulted on bond payments of US$53l million (*****.3 million) last year. Asked if TRI was close to a deal with bondholders, group executive vice-president
      Reuters  -  74 words
    • MARKET moves
      • 76 9 NATIONAL car distributor Edaran Otomobil Nasional made it to the top gainers list yesterday as a weaker yen heralded relief from import price pressures on the national car. The automobile dealers association's projections last week of better sales this year, based on the wealth effect from
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      • 71 9 MARKET talk that chemical products company Ancom would be going into a business-to-business Internet venture boosted the counter yesterday. The stock was up RMI.IB, to RM4.22, with more than 15 million shares traded. The rumours are unsubstantiated, but it seems to be good enough
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      • 104 9  -  Compiled bj Diana Oon Abdullah STOCKS of computer equipment sales and servicing company Lityan Holdings took a breather yesterday, ending lower unlike other IT-related companies on the Kuala Lumpur Stock Exchange. Lityan closed 10 sen lower to RM6.90, following news that it will place out
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    • 364 9 Reuters MALAYSIA yesterday reported a modest cooling of its torrid industrial output in December, but analysts said the slowdown was a seasonal blip and the economy was still recovering strongly. The industrial production index rose by 16.2 per cent in December year-on-year, well below
      Reuters  -  364 words
    • 399 9  -  From Meera Tharmaratnam in Hongkong THE Hongkong unit of Malaysia's CIMB Securities may have flouted securities laws here time and again but all it got was a rap on the knuckles yesterday following months of investigations. CIMB Securities (Hongkong) Ltd was publicly
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    • 352 9  -  KLSE's rise diverts money and attention from Singapore stocks ffy R Sivanithy (SINGAPORE) The Malaysian stock market index's inexorable rise to the 1,000 mark continued in full swing yesterday, diverting money and attention away from the local market and sending the Straits Times Index
      AP  -  352 words
  • Page 9 Advertisements
    • 134 9 ways the world Program allows you to earn an from the famous CHICAGO GSB faculty, at our new Asian campus in Singapore. It spreads 16 weeks of study over 20 months, so you can earn the CHICAGO MBA while you work. This program attracts an elite group of international executives,
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  • SOUTH east asia
    • 306 10 MANILA Bloomberg SAN Miguel Corp said it is seeking to buy stakes in up to four foreign companies and hopes to complete the purchase of a Philippine firm by March, putting to work a cash hoard that stands
      Bloomberg  -  306 words
    • 600 10  -  Ibra's move assures investors reformist forces are gaining the npper hand From I Shoeb Kagda in Jakarta FOREIGN investors, buoyed by the signal from President Abdurrahman Wahid's government in the Astra International saga that it means business, yesterday made the first moves
      AP, FILE PHOTO  -  600 words
    • 437 10 BANGKOK Bloomberg THAI Petrochemical Industry pel (TPI), one of Thailand's biggest debtors, yesterday reignited a dispute with creditors by vetoing an already agreed upon plan to restructure its US$3.5 billion (555.9 billion) debt. The company's announcement came three weeks after TPl's creditors submitted a
      Bloomberg  -  437 words
    • 240 10 JAKARTA Bloomberg PT Bank Negara Indonesia (BNI), the largest publicly traded state bank, has transferred 9.7 trillion rupiah (552.2 billion) in debts owed by the Texmaco Group, Indonesia's largest textile firm, to the bank rescue agency. The loans should have been transferred
      Bloomberg  -  240 words
    • NOTE Book
      • 111 10 AFX-Asia [JAKARTA] Former finance ministers Mar'ie Muhammad and Fuad Bawazier said Bank Indonesia was responsible for the administration of trillions of rupiah in liquidity credit channelled to the banking system during the financial crisis of 1997/1998. "Bank Indonesia was responsible for the extension of
        AFX-Asia  -  111 words
      • 72 10 AFX-Asia [BANGKOK] The Bank of Thailand will select HSBC Holdings PLC as the winning bidder for Bangkok Metropolitan Bank, the Krungthep Turakij reported, citing a source close to the negotiations. The report said an announcement is expected by Feb 24. "But in
        AFX-Asia  -  72 words
      • 87 10 Bloomberg [BANGKOK] Robinson Department Store Pel, one of Thailand's largest retailers, said it would jointly file a debt restructuring proposal with creditors to the Bankruptcy Court within 60 days. Robinson, delinquent on 17 billion baht (*****.7 million) of debt made the comment a day
        Bloomberg  -  87 words
      • 79 10 AFX-Asia [JAKARTA] Attorney-General Marzuki Darusman said that the probe into the PT Bank Bali scandal has been slow because of the constraints inherent in the legal process and not because of any pressure or "intervention" from certain parties. "Yes it is slow. It is not
        AFX-Asia  -  79 words
  • Page 10 Advertisements
    • 674 10 Keppel Telecommunications I Transportation Ltd I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1999 I The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the H Company and of the Group for the year ended 31 December
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  • Page 11 Advertisements
    • 85 11 WOrld Everywhere under the sun. now gives me a whole new world r advanced WAP technology, you can read very latest local and world your morning cup of coffee; traffic and situation before you leave for the office; quietly follow the stock market's ups and downs throughout the evening find
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  • EAST asia
    • 698 12  -  Investors favour it over HKT, Sing Tel because of better growth prospects From Meera Tharmaratnam in Hongkong CHINA Telecom, the Hong-kong-based unit of China's largest cellular operator, rose again yesterday, reinforcing the view that investors' appetite for telecoms stocks had shifted dramatically in
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    • 258 12 HONGKONG Bloomberg NEW World Cyberbase Ltd, the information technology arm of real estate developer New World Development Co, said yesterday that it plans to raise HK5378.75 million (5582.3 million) through the sale of 150 million new shares to fund acquisitions. Cyberbase will sell the
      Bloomberg  -  258 words
    • 58 12 [BEIJING] A man on Tuesday buying a pack of cigarettes from a neighbourhood cigarette vendor in Beijing selling both Chinese and bogus 'imported' brands. Vice-Premier Wu Banguo has hailed the Chinese tobacco industry as 1999's top revenue-spinner, while health officials announced a record
      AFP  -  58 words
    • 243 12 I HONGKONG Bloomberg. AFP' THE Stock Exchange of Hongkong is reviewing its operating procedures after a staff member accidentally shut down the exchange's trading system on Tuesday. A dip in Hongkong Island's power supply triggered the exchange's reserve power system, the exchange said.
      Bloomberg.; AFP'  -  243 words
    • 593 12 HONGKONG Hongkong firm in no hurry to sell as it conld get more valne ont of deal: analyst Reuters, Bloomberg HUTCHISON Whampoa Ltd may not have planned on owning just a small, passive stake in a pan-European mobile telecoms venture, but it is expected to
      Reuters,; Bloomberg  -  593 words
    • 395 12 ■HONGKONG Sega.com will take 33% of Cheong Ming in share swop Bloomberg SEGA.COM, a unit of Japanese game maker Sega Enterprises Ltd, said it will buy a third of Hongkong packaging box maker Cheong Ming Holdings Ltd in
      Bloomberg  -  395 words
    • SINO Briefs
      • 71 12 Reuters [HONGKONG] Shares in Internet portal developer e-Kong Group Ltd soared yesterday to close at HK$3.6O, boosted by news it paid HK549.88 million (Sslo.B million) for a 4 per cent stake in a UK-based interactive TV provider Elmsdale Media Ltd. The stock, which hit
        Reuters  -  71 words
      • 54 12 Bloomberg [HONGKONG] China Everbright Technology Ltd, a computer peripherals manufacturer controlled by China's cabinet, said it may raise HKIII2 million (5524.3 million) by issuing 74 million shares at HK$l.5l each. Company secretary Matthew Cheng declined to say whether the capital raised would be used
        Bloomberg  -  54 words
      • 84 12 Bloomberg [SEOUL] Korea Electric Power Corp, South Korea's power plant monopoly, said it will bid with ABB Ltd for the construction of a USS3 billion (Sss.l billion) atomic-powered plant in China. Kepco formed a group with ABB to participate in the bid, which will
        Bloomberg  -  84 words
      • 71 12 AFP [TAIPEI] A top executive of Taiwan's ruling Kuomintang (KMT) has put the total worth of party assets at up to NT$2OO billion (Ssl 1 billion). Liu Tai-ying, who heads the KMT business management committee, told the China Times the party had set up
        AFP  -  71 words
  • Page 12 Advertisements
    • 124 12 This announcement appears as a matter of record only H UNCONDITIONAL CASH OFFER I I E33!H]TatLee Bank I Keppel Tat Lee Bank Limited (Incorporated in the Republic of Singapore) for and on behalf of lUS Ts3 Oil Gas Services I Keppel Oil and Gas Services Pte Ltd (Incorporated in the
      124 words
    • 16 12 72 MUSICAL INSTRUMENT Keep in tune with noteworthy buys here. *<* I CATS. The Straits Times Classified
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  • SOUTH asia
    • ASIA Notes
      • 74 13 AFP [LAHORE] Ishaq Dar, finance minister under deposed Pakistani premier Nawaz Sharif, has been formally arrested and charged with corruption. "He has now been formally arrested and charged with corruption and money laundering by the National Accountability Bureau," said a military official yesterday. Some 16
        AFP  -  74 words
      • 59 13 AFP [NEW DELHI] Indian artists and intellectuals holding up banners condemning the government's cultural policy towards Deepa Mehta's film Water during a demonstration on Tuesday. The protesters criticised the government's handling of the film shoot in Varanasi, which was halted as it allegedly shocked Hindu
        AFP  -  59 words
      • 96 13 Bloomberg [«irtLinnoi Maars aonware international Ltd, an Indian business management software maker, expects revenue to jump 60 per cent in 2000, as it adds more clients and gets ready to sell its products in Europe. The company expects its sales to rise to
        Bloomberg  -  96 words
      • 66 13 AFP [COLOMBO] Sri Lanka yesterday braced for more bomb attacks on public transport after a string of explosions over the past week claimed four lives and left more than 120 injured. In the latest attack Tuesday night, three people were killed and 42
        AFP  -  66 words
      • 86 13 Bloomberg [SYDNEY] AWB Ltd, Australia's monopoly wheat exporter, said Pakistan could face a food shortage if its government continues with a plan to reduce wheat imports by 20 per cent from their original projections. It said Pakistan's plan to reduce wheat imports was based on
        Bloomberg  -  86 words
    • 165 13 NEW DELHI Top fixed-line phone company applies for Internet gateway Bloomberg MAHANAGAR Telephone Nigam Ltd (MTNL) shares surged a maximum permissible 8 per cent to 324.6 rupees yesterday on hopes that India's biggest fixed-line phone service provider will earn more from its Internet access
      Bloomberg  -  165 words
    • 520 13 ÜBOMBAY roor infrastructure, govt interference are blocking way, say industry players AFP INDIA'S ambitions to become an information technology superpower could come unstuck before the twin challenges of poor infrastructure and government interference, industry insiders say. "India has a third rate telecommunications system which
      AFP  -  520 words
    • 305 13 NEW DELHI AFP INDONESIAN President Abdurrahman Wahid yesterday urged India, Russia and China to form a trade grouping with his country to stay afloat in world business. "In order to stay strongly in the world market, we have to develop the
      AFP  -  305 words
  • Page 13 Advertisements
    • 182 13 Building on the successful launch of |ava Tarik, Sun Microsystems together with the Infocomm Development Authority of Singapore is proud to implement Java Tarik 11. Combining ServiceProvider.Com and Innovator.Com, lava Tarik II is all set to transform Singapore into a global net economy and Info-Communications hub. In partnership, NTU Service
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  • Page 15 Advertisements
    • 88 15 Everywhere under the sun. ffll whole new life. Life doesn't stand still. And nor do hundreds of thousands of Singaporeans. Because Ml places the power of mobility in their hands each day, with innovative products, and value-for-money services and plans. Now, Ml will raise mobility to a whole new level.
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  • WORLD news
    • 491 16  -  Nikkei closes above 20,000; brokerage firms lead gainers as recession fears fade hYom I Anthony Rowley in Tokyo JAPANESE stock prices reached their highest level in 2 1 years yesterday as the Nikkei 225 stock average closed above the psychologically important
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    • 79 16 [KOMAE, Japan] Rice wine maker Sakurako Tsuchiya, 30, holding a bottle of her prize-winning wine, which also bears her name, at her family rice wine brewery in Komae, near Tokyo. She is one of only a handful of female rice-wine makers in a business that traditionally was
      REUTERS  -  79 words
    • 365 16 SYDNEY Bloomberg NEWS Corp shares rose more than 3 per cent to a record on expectations that its combination of content and distribution assets are undervalued. The world's fourth-largest media company's ordinary shares rose as much as 80 Australian cents
      Bloomberg; Source: Bloomberg  -  365 words
    • 428 16 TOKYO AFP JAPANESE firms must avoid relying solely on an improving economy and instead implement far-reaching reforms if they want better credit ratings, Standard and Poor's said yesterday. A decade has passed since Japan's speculative boom of the late 1980s spectacularly
      AFP  -  428 words
    • 369 16 SEOUL Govt molls tax perks to boost investment in bond market Bloomberg KOREA'S government plans to boost its capital markets further and strengthen monitoring of conglomerates in a further round of reforms as it rebuilds the financial system after the 1997 crisis.
      Bloomberg  -  369 words
    • 249 16 SYDNEY AFP AMERICAN George Trumbull, the former chief executive ofbanking and insurance giant AMP Ltd, has settled a bitter dismissal dispute for A 513.2 million (5514.2 million) one of the largest payouts of its type in Australian corporate history. The settlement comes as
      AFP; FILE PHOTO  -  249 words
    • 351 16 TOKYO Fund to invest 100 m yen each in some 1,500 startups AFP, Reuters JAPANESE Internet investor Softbank Corp said yesterday it was setting up a venture fund totalling 150 billion yen (552.26 billion) to invest in domestic Net start-up companies.
      AFP,; Reuters  -  351 words
    • 260 18 MUNICH Bloomberg SIEMENS AG's market value surpassed US$lOO billion (Ssl7o billion) for the first time, making it one of the top three companies in the benchmark DAX index and showcasing the force that technology companies have become in Germany. Siemens rose 4.9 per cent,
      Bloomberg  -  260 words
    • 470 18 SCHAUMBURG, Illinois It expects to spend about USs2.6b this year to develop its facilities Bloomberg FRED Tucker, who is the new president of Motorola Inc's semiconductor unit, said that the company plans to make acquisitions and form partnerships to spur advances in
      Bloomberg  -  470 words
    • 468 18 SAN FRANCISCO Reuters CISCO Systems Inc on Tuesday handily beat analyst forecasts, reporting that fiscal second-quarter profit rose 49 per cent as the world's biggest maker of gear that powers the Internet sold more equipment to telecommunications companies. The company also
      Reuters  -  468 words
    • 427 18 NKWYORK Dow Jones up also as labour data suggests another interest rate rise unlikely NYT, AFX THE Nasdaq closed above 4,400 for the first time and the Dow ended up yesterday after a government report indicated that the economy could continue to
      NYT,; AFX  -  427 words
    • 425 18 NEW YORK It aims to take up to USsl.2b in equity over next 3 years Bloomberg ANDERSEN Consulting is setting up regional centres that will help develop and invest in Internet startups, intending to trade its expertise and financing for equity stakes. The
      Bloomberg  -  425 words
    • 431 18 WASHINGTON Lawmakers working towards more temporary visas AP HIGH-TECH companies, desperate for workers amid a booming US economy, want to hire more foreigners and are pushing Congress to expand an immigration programme that will let them do just that. Congress temporarily expanded
      AP  -  431 words
    • 498 19 PEOPLE Low US savings rate also poses risk to otherwise rosy global economy Reuters [WASHINGTON] "Overvalued" US share prices and low US savings rates are two risks to an otherwise rosy world economic picture, the outgoing head of the International Monetary Fund said
      Reuters; AP  -  498 words
    • WORLD Watch
      • 64 19 Bloomberg [HERZOGENAURACH, Germany] Puma, Germany's No 2 sporting-goods maker, indicated it returned to a preliminary profit in the fourth quarter on rising demand for its sportswear in the US and Europe. Puma's implied net income was 200,000 euros (*****,400), or one cent per share, in the
        Bloomberg  -  64 words
      • 88 19 Bloomberg [TOKYO] Toyota Motor Corp posted a 28 per cent rise in group profit in the first half based on its first interim earnings filing with the US Securities and Exchange Commission. The No 4 automaker in the US on Sept 29 listed American depositary
        Bloomberg  -  88 words
      • 67 19 Bloomberg [LONDON] British Sky Broadcasting Group fell to a fiscal second-quarter loss after spending more to win new digital subscribers. The company will also invest £250 million (Ss6Bo million) to develop its Internet businesses. BSkyß lost £36.5 million, or 2.1 pence a share, in the three
        Bloomberg  -  67 words
      • 82 19 AP tDE,rt v rji\ i win, wregunj in me saiu u siui expects earnings per share to grow 20 per cent, but warned its results may fall short of expectations for fiscal 2000. The athletic shoe maker said it has fared well despite a
        AP  -  82 words
      • 54 19 NYT [WILMINGTON, Delaware] In the first contest after his bruising defeat in New Hampshire a week ago, George Bush handily won the Republican primary in Delaware on Tuesday. Mr Bush had 51 per cent of the vote, John McCain 25 per cent and Steve Forbes
        NYT  -  54 words
    • 477 19 LONDON Latest tally shows it has support of fands holding 26% stake Reuters ROYAL Bank of Scotland cemented a strong lead over Bank of Scotland in the takeover battle for National Westminster Bank pic yesterday, claiming further institutional support for
      Reuters  -  477 words
    • 500 19 TOKYO Move expected, small start-ups preparing to bite into lucrative market Reuters JAPANESE telecoms giant NTT said yesterday it plans to cut its charges for unlimited Internet access by half as early as May, bowing to criticism both at home and abroad
      Reuters  -  500 words
    • 333 19 TOKYO Bloomberg AGENTS from Japan's Financial Supervisory Agency (FSA) unexpectedly arrived at Merrill Lynch Co's Tokyo offices this week to carry out an audit into the biggest US brokerage's risk controls, an FSA official said yesterday. About 40 agents from the securities watchdog have been in
      Bloomberg  -  333 words
    • 438 19 LONDON Reuters NEWS and information company Reuters Group Pic has announced a £500 million (Ssl.4 billion) plan to move its core business to the Internet, a board shake-up and a 9 per cent rise in 1999 pre-tax profit to £632 million. But
      Reuters  -  438 words
  • Page 16 Advertisements
    • 89 16 Corporate image Walk dist to Aljunied MRT Attached toilets to all units i^ m3 30% Retention LHK3 Building Clean trade development tt* Full glass alum, cladding Basement Surface parking. 24 hrs guard -gw Attached toilets to all units f'ljf; 1 Lj Hr* Ground floor units from r- f 3,649 sqft
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  • Page 17 Advertisements
    • 92 17 H(I f I 111 tl* I ONE J [STOPj H ■-> 0. I Announcing the strategic From today, PACfusion.com offers alliance between PACfusion.com f you the one-stop business solution, and IBM. A multi-million dollar deal With IBM, you can be sure that linking Asia's premiere-business e-commerce has now just been
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  • Page 18 Advertisements
    • 101 18 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands 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 further
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    • 353 18 THE COMPANIES ACT, CHAPTER SO Section 290(2)(b) NOTICE Of RESOLUTION CHANCERY PROPERTIES PRIVATE LIMITED (In Members' Voluntary liquidation) At on Extraordinary General Meeting of Chancery Properties Pi i vote Limited held at 9 Battery Road #07-00 Straits Trodina Building Singapore *****0 onih«M day ofFebruary 3000, the following special resolutions were
      353 words
    • 151 18 DULWICH HOLDINGS PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co.. t Coleman Street
      151 words

  • Page 19 Advertisements
    • 101 19 B Outstanding fljj Legacy Estate rated AAA ranking Urn a m Highesf Sah *y rating by Japan Minislr y of ||Hteff»-'i: yj r^"ti ;ri Legacy Estate established World Speed Record IMiljij^lllklfliiiiiiiillßlilßH^^lS i P eve l°ped originally as a wagon AiAyiOD/.V Ar~~ The Safety of All-Wheel-Drive I pfe'uo 25 Leng Kee
      101 words

  • FINANCE & commodities
    • 245 20  -  Singapore Indax SGX Derivatives Tradtagßeports Daphne Tay, Jardine Fleming THE Singapore stock market ended lower yesterday with banking issues easing further as ambivalence towards the upcoming announcements of corporate results kept a lid on their prices. Technology counters continued to shine on the back of
      245 words
    • 193 20  -  MSCI Taiwan fatores Lee Shu Weng Refco Singapore THE Taiwan Weighted Price Index hit its highest level in 29 months, to close above 10,000 points on the first trading day of the Year of the Dragon. The index gained 152 points to close at
      193 words
    • 239 20 EMERGY REPORT Reuters [LONDON] Buoyant oil prices marked time yesterday after US data showed inventories in the world's biggest energy consumer near their lowest in more than a decade. Benchmark Brent was at U5526.38 a barrel at 1330 GMT, one cent
      Reuters  -  239 words
    • 336 20 Reuters London THE euro wiggled its way back up within one cent of parity against the US dollar yesterday as weaker-than-ex-pected German output data did little to dent optimism over the euro zone's econom ic pick-up. German output rose 0.7 per cent in December from the previous month,
      Reuters  -  336 words
    • Article, Illustration
      1259 20 MTERBAMK CROSS RATES Ml AS C$ Euro Ffr Dm HK$ tndBsBup.ah Yen Wow ttU HIS Pat Is Peso S$ tawd Sir MT$ -M NK USS Australia 0.915 6.179 0.637 4.178 1246 4.919 27.569 46.439 0.688 7.101 2.403 1289 32.779 25.579 1069 1965 1025 19.372 ***** 0J92 0.632 Canada 1-093 5.738
      1,259 words
    • 1798 20 SIC01I FUTURES Feb 9 RUB8CR (futures dosfeq «s S.30pn) RSS1 CONTRACTS cents/kg) ClOM Mm OpM IWntn nKJn LOW MH \vOMNS| HRCTvSl Mar 00 125.00 125.00 124.75 300 900 Ayr 00 128.75 300 May 00 132.75 132.75 ***** MO 300 Jw 00 133.75 300 ISS 3 CONTRACT (US canbAfJ Mm Opaa
      1,798 words

  • STOCKS east asia
    • 2798 21 HONGKONG AFP Hi Hang Seng +590.73 HONGKONG share prices surged 3.6 per cent yesterday on follow-up buying, mainly in technology stocks, spurred by overnight gains on Wall Street, dealers said. "The market's sharp rise is due to the stronger Wall Street" which was
      AFP  -  2,798 words
    • 364 21 TAIPEI AFP fIWP Index ****** TAIWAN shares broke through the 10,000-point level yesterday to a 29-month high in the first trading session after the Chinese New Year holidays, amid bullish sentiment spurred by overnight gains on Wall Street, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 152.49 points
      AFP  -  364 words
    • 2005 21 TOKYO AFP El Nikkei 225 +13&89 TOKYO share prices rose 0.7 per cent yesterday to close above 20,000 points for the first time in two-and-a-half years. The Tokyo Stock Exchange's Nikkei--225 Index rose 138.89, points to end at 20,007.77, backed by a record close on the technology-laden
      AFP  -  2,005 words
  • Page 21 Advertisements
    • 54 21 investment portfolio I I IPO. Shares. Bonds. Stocks. Annual Reports. 03 I Whatever you're offerinq, we help you reach out I to 86.7% of all adults in Slnqapore daily. ftgg*" _J| fmmmd TheStraitsTimes TheßusinessTimes LianheZaobao B e r Tamil Murasu 1800*741*1883 Chairperson OR CHAIR SALESPERSON? l To fill your vacant
      54 words

  • STOCKS klse
    • 8785 22 MDUSTMALS Coflsamr protects 2000 Lilt Val Day Nit Cap Wgfc Lw C«w»iny «H •OOP MH> L— P/l SmH 380 310 Afinomoto 380 20 4 380 380 24.1 154.0 119 91 Angkasa 107 1 135 109 103 157.8 444 290 Apoilo Food Mlq 428 18 61 444 414 10.2 171.2 2975
      8,785 words
    • 438 22 AFP n Composite Index +12L80 MALAYSIAN shares closed 1.3 per cent higher yesterday on follow-through buying, with sentiment buoyed by Wall Street's gains, dealers said. A senior analyst at a local brokerage said the market underwent rotational play with investors switching to
      AFP  -  438 words
  • Page 22 Advertisements

  • SGX clob & regional stocks
    • 3377 23 BONDS WARRAMTS AV M Wn*t fnmj [ipry iMt M *qr LniOmU kr% ntm* Can IiK Mm MtlM y u* OOO) NI# I.. ».,r s„», *K. (.MttibtM M C»»«: i*t '2l! !2'5 s 3' 6 A Acer ******1 US$ 43 unch 73 43.5 43 42.5 43 33.1 t 156 72 2
      3,377 words
    • Article, Illustration
      807 23 AFP, AFX-Asia CI SET Index -9.92 THAI shares fell 2 per cent yesterday, as investors continued to check out of the market after the Chinese New Year break. The Stock Exchange of Thailand Index shed 9.92 points to 456.02, while the select SET 50 was down 0.78 of a
      AFP,; AFX-Asia  -  807 words
    • 299 23 AFP Q Composite Index +12JJ3 PHILIPPINE shares closed 0.6 per cent higher yesterday in reaction to the upturn on overseas markets, brokers said. The Philippine Stock Exchange Composite Index rose 12.83 points to 2,047.27. Volume rose to 4.1 billion shares worth 3.3 billion pesos. —AFP 000) MRC Allied 0
      AFP  -  299 words
    • Article, Illustration
      725 23 AFP rl Composite Index *155 INDONESIAN share prices closed 0.4 per cent higher yesterday on late buying in select stocks, led by Telkom ahead of the company's results due out tomorrow, dealers said. An institutional dealer at Vickers Ballas Tamara said the late rebound was mostly driven by buying
      AFP  -  725 words
    • 285 23 AFP QNZSE-40 +16.01 NEW Zealand's share market yesterday snapped out of its recent lethargy with improved volumes even though gains on its index left it within the recent depressed range. The NZSE-40 Index rose 16.01 points or 0.8 per cent to 2,038.24 on turnover worth NZ$93 million. AFP F«*9
      AFP  -  285 words
    • 599 23 AFP F1 All Ordinaries ♦10.0 AUSTRALIAN shares rose 0 3 per cent yesterday on strc.ig performances by the media sector and banks, brokers said. The Australian Stock Exchange's key All Ordinaries Index was 10.0 points higher at 3,134.0. Turnover totalled 901.9 million shares worth Asl.6 billion. The All Industrials
      AFP  -  599 words
    • 313 23 AFP Q Composite Index +14-83 THE Korea Stock Exchange Composite Index yesterday closed up 14.83 points at 976.05. Volume was 238 million shares worth 3.8 trillion won. AFP Hon AnamSaml 9600 -160 Br«>n T«th 1735 .55 Central Bank 3255 35 Ch*U Comm ****** ***** Ow Cu B*nk 3040 -40
      AFP  -  313 words
  • Page 23 Advertisements
    • 78 23 watches are a hundred years behind the times 4Sf^§,fefri A certain feeling ot unrest keeps me £oing. I don want improve H His nothing less than limiting tliem up to tke same standards same c larity, C 5 years Chronoswiss i-i Faszination der Mechanik a a j uncommon philosophy in
      78 words

  • 9059 24 SGXMAINBOARD Transaction date: Feb 9 Cr Cr M Wt 52-Wk Last Vol Day Last Ouot* Dl« DW VM Net Cap Avq HH> Lew StWo Cwn*any >m COOOt H%» Ln Buyer M« C'vr 9t§_ S*>*' Price MULTI —yiwt 182 68 m c 1000 Acma 50c MO +4 1163 145
    9,059 words
  • Page 24 Advertisements
    • 60 24 Multiply your wealth. lL I JjmW\ The Equity Investment Account from Citibank. Tu flKl W Mm |Gives you credit to invest in shares and interest on your positive balance. J <■ What better way to multiply your money? Call 339 7126 to open an account today Or visit our website
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  • Page 25 Advertisements
    • 261 25 Where to wine, dine and entertain..." -Offering the lowest interest rate in town 4545 Weekend Lovers' Nest Package $218 per couple inclusive set dinner and a deluxe room with breakfast for 2 Romantic Candlelight Gala Set Dinner $98 per couple Happy Valentine's Day International Buffet Dinner $55 (Adult) inclusive of
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    • 27 25 CELEBRATE THE LAST CENTURY WITH DE GRAND Happy Hours 5.00pm to 9.00pm Draft beer per mug S6.so*»f I I )r.ilt heir per jug $2-I.oof Free Titbits I
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    • 45 25 I Ip Ijjllll^ y II 'I L K. depend on luck. wB3 Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. Patrick Ang at 740 1284, Amy Choo at 740 1559, or Shirley Lee at 740 2290 now.
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    • 90 25 The way to a man's heart was NEVER through his stomach. It's through the art of seduction over not 1, not 2... but 3 days. Days 1&. 2 $40/ pax for dinner (12m& 13<h) a t) f wine Day 3 $98/ couple for dinner only (14th) $200/ couple for dinner
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    • 7 25 MANDARIN SINGAPORE 4 CLAL MODern^^ FINMSH CUISINE
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  • Page 25 Miscellaneous
    • 993 25 Central Century: Man or the 5.10 My New Recipe. Standard. ft i 111*1?; Century (Ixistep). 5.35 Ninja Boy. 9.00 Asia Sports Show. 9,00 AM Kids Central: Pow- 8.00 Growing Up. 6.00 See Fri's schedules. 9.30 Sports Night. er Rangers Turbo: The 9.00 Upfront with Najip. 10.00 Cricket Under-19 B Whole
      993 words
    • 306 25 CRYPTIC CROSSWORD ACROSS 5 Packed for a patient in extremity 1 Came down after a nap, as is reasonable (10) 7 Plant in rotation the plan is 6 Pretty loud music (4) eas y ,o follow (5) 10 Sad over replacing a bore (5) 8 A crook at 90 (5,5)
      306 words

  • MOTORING page
    • 593 26  -  Bulk of expenditure goes to print media; Toyota and Mercedes-Benz remain industry's biggest spenders By Christopher Tan [SINGAPORE] THE motor industry revved up advertising expenditure last year, and print was the preferred medium as always. Based on a tally in A
      593 words
    • 301 26  - Car Cars tees off golf pro plan All reports by Christopher Tan [SINGAPORE] Moving from the highway to the fairway, Volkswagen importer and distributor Car Cars recently started an innovative golf sponsorship programme. The company has signed up 20 out of 56 golf professionals operating in Singapore to be brand
      ARTHUR LEE  -  301 words
    • 384 26 FORMER BMW chief executive Bernd Pischetsrieder is joining rival Volkswagen in July. Mr Pischetsrieder, 51, will be VW board member in charge of "quality assurance" a newly created position and chairman of the Seat board. Spain's Seat is part of the VW
      FILE PHOTO  -  384 words
    • 285 26 IN what has come as a bolt from the blue, Volvo distributor SM Motors has appointed as its chief executive officer the former president of Volvo Car's regional headquarters in Singapore, Andre Roy. BT understands that even SM Motors staff had no inkling
      285 words
    • BUMPER to BUMPER
      • 77 26 COMFORT Automotive Services' "$1 oil change" promotion is pulling in the crowd. According to general manager Simon Soh, the promotion drew 2,500 customers in January (up from average monthly of 1,700). Encouraged by the response, Comfort is extending the programme to this month. Mr
        77 words
      • 85 26 SINGAPORE motors port fans should have an additional reason to be happy. This year's Formula One programme has its finale in Sepang, Malaysia on Oct 22. The season starts next month on March 12 in Melbourne. After touring a dozen or so
        85 words
      • 90 26 THE new Mini will make its debut at the Birmingham International Motor Show in October before sales commence in spring 2001. Birmingham has been chosen as the city is both the birthplace and production home of the brand. BMW built a £700 million
        90 words
      • 117 26 rvJKU Motor co is executing a massive rationalisation plan that involves factory closures in Europe as well as an overhaul of supplier and distribution activities. Ford of Europe chief Nick Scheele was quoted by Financial Times last week as saying Britain had become a
        117 words
      • 56 26 GENERAL Motors No 2 Richard Wagoner Jr has been elected chief executive officer. Mr Wagoner, 46, takes over from John Smith, 61, from June. Mr Smith, at the helm since 1992, will continue as chairman. Mr Wagoner will continue to report to Mr
        56 words
      • 89 26 THE Korean car market is expected to grow by some 60,000 units to 1.56 million vehicles this year, according to BMW Korea president Karsten Engel. Mr Engel was in Singapore two weeks ago for BMW's annual Asia conference. He said registrations rose 63 per cent
        89 words
      • 88 26  -  Compiled by Christopher Tan VOLKSWAGEN, Rolls-Royce Motor Cars' temporary owner (BMW takes over from 2003) has stripped eight European Rolls-Royce/Bentley dealerships of their franchises and awarded most of them to VW dealers, according to a recent report in Automotive News. An industry observer close
        88 words
    • 495 26 Parts, systems suppliers may take over production in near future: report IN the near future, car manufacturers might not even make cars. They will outsource the function to parts and systems suppliers. Or so says PricewaterhouseCoopers. In its report "A2C: The Second Automotive Century",
      495 words

  • Page 27 Advertisements
    • 73 27 SINGAPURA f W 1 BUILDING SOCIETY LTD J NEED A LOAN? TAKE ADVANTAGE# OF OUR FINANCIAL STRENGTH I 1 We provide loans and financial assistance for your Corporate and Personal Financing. f p Car Loan Home Loan Share Loan Commercial/Industrial Loan Factory Loan and etc# East Coast: 348 8262 Beach
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  • Page 29 Advertisements
    • 17 29 Open her heart with flowers from The Straits Times Classified. CATAj Buy h. Sell h. Find N.
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    • 61 29 flmana tmsxkMxmsm Refrigerator Freezers SXDS22VECNT 22 cu ft 620 litres Built-in, Side-by-side Ice'N Water™ Dispensing, Refrigerator, Black with Stainless Steel door wraps and Solid Stainless Steel handles US A NICHE OPENING REQUIRED: MOW« ITMHllSlll^ mimrng .■LVci .TTrp^^j^^l 140 Paya Lebar Road #04-06 A-Z Building Singapore *****5 Tel *****88 Fa* (65)
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    • 255 29 Freehold Residential Sites For Sale PRIME SITE IN MARINE PARADE c Existing development (18 units) Land area 28,049 sq ft -V P' ot ra t'o 28,upto 20 storeys (Max) v i»iiiii|ri«iD\\ Conveniently close to Parkway Parade and amenities in East Coast Katong area. Subject Sa/e is subject to Strata Titles
      255 words

  • EXECUTIVE Suite
    • 1382 30  -  corinne kerk gives an overview of where information can be tapped before you make a decision on which property to buy CORINNE KERK YOU'RE looking to buy a property but before committing to a 20 or 30-year mortgage, you'd really like to do some research first. So
      1,382 words
    • Article, Illustration
      2257 27 Property transactions for selected districts lodged between Jan 3 and Feb 8. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF PROJECT NAME; PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LANO AREA' STREET NAME TYPE DATE LANO AREA* (SOFT) (StOOO) (S$) (SOFT) (SJ'OOO) (SS) District 15 Landed
      2,257 words
    • SHOWCASE
      • 1229 28  -  Despite being in the heartlands, Central Place still exudes a touch of grandeur, amdrha tan looks at what the service unit project has to offer ANDREA TAN IT does not boast of a swanky address like most service apartments. But then again. Far East Organization's
        PHOTOS BY SIEW YAW HOONG  -  1,229 words
      • 241 28 P-mhm DEVELOPER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq ft) LAUNCHED UNITS SOLD* (Spsf) 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 Ava,on PidemcoLand 9 Anderson Rd 958-4,241 82
        241 words
    • REGIONAL PROPERTY
      • 742 29  -  Al5O million baht facelift is also being planned for the money-spinning city hotel. fTAßisn mehta reports on the expansion plans of the Rajadamri Hotel group HARISH MEHTA THERE is never a dull moment at the upper crusty Regent Bangkok. With the recent
        742 words
      • 612 29 Companies that have restructured operations seen offering value to investors Reuters [BANGKOK] Thai property developers, battered by the country's financial crisis and over-supply, look set to report more bad results for 1999, but losses should be smaller than in the past and
        Reuters  -  612 words
  • Page 30 Advertisements

  • SHIPPING TIMES
    • 295 31 Bridge News, Reuters DESPITE stronger panamax grain inquiry from the Continent to the Middle and Far East, conditions for panamaxes and handysizes loading in the US Gulf in February remained difficult, brokers said. Lack of demand persisted in both of these areas and there was still little sign
      Bridge News,; Reuters  -  295 words
    • 309 31 SCX '000 ui s> m cm Distribution 1.18 unch 13 Cnuan Hup 0.44 0.01 ***** Cosco Investment 1.04 -0.01 64 Freight Lin*! 0-27 -0.01 518 G8 Holdings 0.83 0.01 8 Hai Sun Hup 0.79 0.01 35 IMC Holdings-HK 5.60 unch 0 Jaya Holdings 1.25 0.04 669 Keppel Corp
      309 words
    • 566 31  -  Group is gearing op to provide third party services in chemical logistics By Ann Toh [SINGAPOREJ Stolt-Nielsen Transportation Group (STNG), the world's largest operator of chemical tankers, plans to expand its terminals business in Asia with two projects in the pipeline. "One
      566 words
    • 685 31  -  HEWBUHiDS By. David Hughes THERE are not quite as many new contracts to report this week but nevertheless it is clear that owners still believe now is the time to order bulk carriers. Once again, too, the picture is of orders going, almost exclusively,
      685 words
    • 290 31 April-October profits soar for UK shiprepair yard [LONDON] UK-based shiprepair firm Cammell Laird has signed a 'single-table" partnership deal with two of the country's unions. The Amalgamated Engineering and Electrical Union (AEEU) and the General, Municipal and Boilermakers' Union (GMB), one of the
      290 words
    • TAKEOVER Aussie shipbuilder
      • 692 32  -  German firm buys Kockums, 49% owner of Australian Submarine Corporation, which built troubled Collins-class subs By Peter Seidlitz, David Murphy [ADELAIDE] IT IS the most criticised, controversial and expensive armaments programme in Australia's history. The building of six Collins-class submarines for the Royal Australian Navy
        FILE PHOTO  -  692 words
    • 177 32 PAGE Ojak Lloyd 8 Ad j Dongnama 3 ANL 3 ECL 4 Accord 8 ECU Line 6 Appenship 5 Evergreen 6 Austral 8 FoongSun 8 BalajiShpg 5 G Link 4 BSA 7 Gewiartrans 6 B tang Mas 8 Hartgli 7 CCHI 7 Hanjtn 3 CMA 8 Heung-A
      177 words
    • 17745 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VnstI Voyage Telephone ETA ETA Advertiser V«m Voyage Telephone SIN Destn Name Name Number Number SIN Oest'n Nam* Nam* Number Number 25/02 15/04 Kiwi Hung HARMONY CONTAINER HR905N 45-*****33 To ABIDJAN (ABJ) 2003 Cote D'lvoire To CAPETOWN (CPT) 2067 South Africa 19/02
      17,745 words
    • SHIPS IN PORT
      • 496 43 Vessel Voy No Berth Arrival Departure Jaraaq Part lovt Sonq 22 JU 06/02/8:05 10/02/10:00 C Succtss Oe-Frt JOT 08/02/8:25 06/02/1600 k Me* lad 071 JT7 08/02/7:15 10/02/10:00 Bt M*kar ***** J01 08/02/10:00 06/02/23:00 Km 1601 NmMw JM 08/02/14:00 06/02/23:59 Elisatwth 01 2 J05 08/02/18:00 09/02/11:00 Stargcmm V005 Jtt
        496 words
      • 1976 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Mo Etb/Btr Period from To From ACI VMMIT 0129 12/15:00 I* "nSS 09/1900 l( 09/1500 09/1659 MUM 2A 09/1700 10/0*59 10/0900 21 09/1700 10/0459 10/0900 J 10/0700 10/1159 W/M00 4 10/1200 10/1459 W/17S9 ASIA OPAl 0001C
        1,976 words
      • 196 43 Marie Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. MarlS Taiwan: Market Holiday for Presidential Election. Apr 4 Hongkong: Ching Ming Festival. Apr 20 New Zealand: Market Holiday, Stock Exchange Closes at Noon. Denmark: Maundy Thursday. Apr 21 Denmark: Good Friday. France: Good Friday.
        196 words
      • 804 43 THIS report, compiled by Cockett Ma rlne Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change
        804 words
      • 506 43 Cjrbofl t«0 Max 990.8 0.8 19.0 0.08 78 0.05 i D#mltv iittr Residue Ash Aluminium Sediment No ibovf E25 0 0 31 380 Ave *73 0.3 M.6 0.06 33 0.02 J12 380 MM 992.0 17 18.2 0.09 72 0.06 M/WI m/h M/M ff* ttix Ho above
        506 words
    • AIR & LAND transport
      • 476 44 Thai airline will have to share its code-sharing fees with S'pore carrier Bloomberg [BANGKOK] Thai Airways International said it may quit the Star Alliance, the world's largest airline grouping, because the addition of Singapore Airlines (SIA) will reduce its income.
        Bloomberg  -  476 words
      • 87 44 [WASHINGTON] The flight data recorderfrom Alaska Airlines Flight 261 sits on a table in front of National Transportation Safety Board (NTSB) chairman Jim Hall (centre), and NTSB officials Vern Ellingstad (left) and Bernard Loeb (right) at the NTSB headquarters. Mr Hall is updating the
        AFP  -  87 words
      • 506 44 Bloomberg [TOKYO] Fuji Heavy Industries Ltd, the maker of Subaru cars and trucks, hopes new models sporting more powerful engines will mean higher sales in the North American market, which buys about 90 per cent of the cars it sells abroad.
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      • 186 44 [ST PAUL, Minnesota) Northwest Airlines Corp, the fourth-largest US carrier, said it will expand service by 25 per cent in Memphis, Tennessee, ramping up the carrier's ability to compete in the southern US. Northwest plans about 90 more flights into or out of Memphis-Shelby County
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      • 270 44 US planemaker aims to simplify purchasing, cut factory space Bloomberg ISEATTLE] Boeing Co, the world's biggest planemaker, said it will consolidate com-mercial-jet programmes into one group in an effort to cut costs. The group replaces separate organisations that had managed twin-aisle and
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      • 449 44 Reuters [DUBAI] Dubai governmentowned Emirates airline is considering replacing its Boeing 777-200 planes with a new version expected to be launched by the US planemaker soon, the airline chairman said. "The new stage, which we have not announced yet and which is
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