The Business Times, 17 February 2000

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Total Pages: 44
1 44 The Business Times
  • 21 1 THE BUSINESS TIMES MITA(P) 035/12/1999 85* I N G A P O R E Ir ernet: http://business-times.asial.com.sa/ THURSDAY, FEBRUARY 17, 2000
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  • 56 1 Om mi aa (+12.96) nir-m mm 7ML2O (-1.94) W% SIMSCX FUTURES UISMO (+3.60) STOCK MARKET INDICES Wednesday Change -JtSi83a5 HAV08EN0 17.943J9 +356.23 SETfilBEX 4&M, -8J4 JAKARTA COMP 8215® -1 &M MANILA OOMP _13MJ6 43.11 TAlfHWP! lMM.49_AlN.7i SEOUL COMP ***** 41 CLSA CHINA B 833.13 17J AOSTALLORD 3.14&3 44
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  • 74 1 POUZX BATES US$ S) US$ 1.791 £(USS/S$perl) IM 1713 EUBO(U8S/S$/E) 1171 IMS DM 1JW tffiS YEN 109.0 \m RM im ***** HKS 7.781 Ul» BABff S7CS 9.046 RUPIAH 7J76 003* •sxto IKuniti •SttOlKunta PKOBIilBS SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA M.M BANGKOK J.50 MANILA U M BONG KONG 8.50
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  • 671 1  -  BTiamilMWJ Company said to be keen on one-fifth share; shortlist from Ibra expected around March 23 By\ Christopher Tan [SINGAPORE] In its boldest move in recent memory, listed motor group Cycle Carriage Ltd (CCL) is bidding for a substantial stake in
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  • 789 1  -  GDP data not reflecting vitality in sectors like IT From J Anthony Rowley in Tokyo CORPORATE restructuring in Japan is moving into high gear, with regulatory changes being planned to give the process a boost and new business ventures now demonstrating
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  • 591 1  -  Denials cool euphoria over HK telecom stocks From rr_ Quak Hiang Whai tn Hongkong SEVERAL Asian telecom giants came forward yesterday to quash rumours that they were involved in bidding for Cable Wireless HKT, cooling the market euphoria that has built
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  • Page 1 Advertisements
    • 91 1 DBBPg Top stortos Pidemco makes $50m jump into e-business. Next Pmgm Audemars Piguet: Standing the test of time Pmgm 3 Keppel Land surprises with $78.7 m profit. Pmgm 4 -i >-. ■■"&J'"~' j®*® Citibank rated best retail bank in S'pore. Pmgm 6 ;A* f ;«%fs*&£&■;*> .;"> Pay structure of top
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    • 96 1 Get the latest corporate results early From today. BT's online edition will carry the major mKKfP- w corporate results as soon as they are available, from MT&- ahout 6pm. Keppel Corp for example, will be releasing ZZ its 1999 results after the market closes at spm today So look us
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    • 5 1 atngTel treated even-handedfy: SFC, Pg€
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    • 423 2  -  New company being formed will also invest in Internet companies Reports by\ ror\vn a tvxti Marissa Chew [SINGAPORE] Pidemco Land said yesterday it would commit $50 million initially to spearhead its move into e-business, becoming the latest property developer to announce its Internet strategy.
      SIEW YAW HOONG  -  423 words
    • ON THE grapevine
      • 98 2 PACIFIC Internet held a teleconference earlier this week to announce its financial results, and we're told by participants that the conference call proved to be an ear-opener in more ways than one. During the session, someone answered another phone call, treating the
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      • 83 2 Why the region 's a draw for banks HERE S an indirect reminder of why Singapore banks are looking to the region to boost their earnings as the local market matures and competition intensifies. Indonesian Bank Nisp, which recently posted its 1999 financial results, says it is projecting loans growth
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      • 77 2 WE received a wedding invitation from a woman who gushed: "I've met this great guy who's just like me! Cool, savvy, sleek, simple and just as easy-to-get-along with." We called up Judith, whose name was listed at the bottom of the card, who vehemently denied she
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    • 232 2 [SINGAPORE] Pidemco Land returned to the black last year, posting after-tax profits of $61 million, compared to a huge $328.8 million loss in 1998. The government-linked company also booked an extraordinary gain of $49.5 million from its sale of investment properties, including Albert Complex and Peranakan
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    • 617 2  -  comment TECHNOLOGY Established retailers will use their traditional strengths online to muscle out new dot-coms kenneth james ASIA'S perennial gamblers have an exciting new game technology stocks. Seems like the stakes are getting higher as Asia's tech stocks go up, up,
      617 words
    • 470 2  -  He reckons share price is cnrrrently overvalued by aronnd six times By i Catherine Ong [SINGAPORE] The "equity spirals" behind the phenomenal rise in Pacific Century Cyberworks or PCCW share price is akin to a "Ponzi scheme" which will collapse when the last willing
      470 words

  • CORPORATE family
    • 1072 3  -  For the Audemars, the only surviving founding family among the top Swiss watchmakers, that means defending 125 years of history and tradition. LARRY WEE reports LARRY WEE AT a time when mega-cross border mergers and acquisitions regularly make front-page news all over the world, only
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  • Page 3 Advertisements
    • 187 3 The millennium. Highlights of the final quarter. ING Barings reports an exceptional final quarter of the millennium. Particular highlights: kM our involvement in the development of railway infrastructure in India and China in the 1880s, raising finance for governments and municipalities including a bond issue to assist reconstruction in Tokyo
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  • SINGAPORE companies
    • 822 4  -  Profits frail new lyntfh#, office rentals expected to underpin earnings By] Kalpana Rashiwala KEPPEL Land, the first listed property group to announce its full-year results, yesterday posted a higher-than-ex pected group net profit of $78.7 million against a $350.6 million loss in 1998 and
      CHRIS LOH  -  822 words
    • 353 4 KEPPEL Land says it is prepared to invest 14) to $100 million initially in start-ups and established technology/Internet companies relevant to the property industry. The company's managing director Kevin Wong indicated this yesterday when announcing Keppel Land's tie-up with sister company Keppel
      353 words
    • 293 4  -  By Soh Tiang Keng SINGAPORE Food Industries (SFI). which went public last November, has bettered its prospectus forecast with a net profit of $18.8 million on a turnover of $315.4 million for last year. Net earnings for the year ended December 1999 rose by
      293 words
    • 463 4  -  Talk of interest from Japan's Net giant lifts stock by 28.6% By Conrad Raj KEPPEL Marine Industries shot up by as much as 32 per cent yesterday on rumours that it would be transformed into an Internet company following its assets divestment Investors drove
      463 words
    • 723 4  -  ITOK* lock siew r. sivanithy MUCH publicity has been given to the performance of Nasdaq and tech stocks in the past year or so. Mention the way markets have behaved and the focus will inevitably be on how such counters have doubled, tripled or
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    • 295 5  -  Among lnrtl hawk^ UOB is tops overall followed by OUB, DBS&ndOGBC By' Vikram Khanna [SINGAPORE] Citibank is the most highly rated retail bank in Singapore, outscoring its local and foreign rivals on a range of criteria, according to a survey of professionals in Singapore's retail
      FILE PHOTO  -  295 words
    • 512 5  -  There are tentative plans to include US, Aussie markets By\ Wong Wei Kong JOINING the battle for online broking dollars, GK Goh Holdings yesterday launched GohDirect, its online trading system that will allow investors in Singapore to trade on six regional stock exchanges.
      512 words
    • 332 5  -  Sale to group of contractors will help ease firm's borrowings Byi Andrea Tan A CONSORTIUM led by Chiu Teng Construction will buy loss-making Pentex-Schweiz-er Circuits' Bukit Merah factory for $26.8 million. The 120,000 sq ft site along Jalan Bukit Merah is
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    • 195 5 HOME decor distributor Roly International said yesterday it has raised US$5.B million (559.9 million) for its associated company iHomedecor.com. UOB Venture Technology Investments Ltd and UOB Venture Investments n Ltd, Nippon Venture Capital Corporation and certain Asianbased strategic investors have injected US$2.B million cash
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    • 553 7  -  I'Uvi ISstinas Batam-based company aims to raise $7m-slom in mainboardlPOtobe launched next week From, Jennifer Lien inßatam TUCKED in a corner of the Batamindo Industrial Park here, not far from Nat Steel Electronics' (NEL) printed circuit board assembly (PCBA) plant,
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    • 450 7  -  By Ven Sreenivasan LINKS Island Holdings, a reclamation and marine services provider, launched its initial public offer of 50 million ma in board-bound shares yesterday. The offer, representing 26.3 per cent of its enlarged share capital, comprises a public tranche of 15 million shares
      ARTHUR LEE  -  450 words
    • 424 7  -  It also to list a separate unit in North America later in the year By Carol Eng HOMEGROWN mushroom grower Mycoßiotech is targeting to list in Singapore by June, and also to list a separate unit in North America later
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    • 273 7 DigUand rumour sends parent to intra-day high of $249 THE stock price of computer maker GES International leaped to a record high yesterday amid rumours that it was about to list one of its subsidiaries on New York's Nasdaq market The
      Source: Bloomberg  -  273 words
    • COMPANY Briefs
      • 94 7 PARKWAY wholly-owned subsidiaries Mount hospital Lid (MEHIO and (Hsnsagles International Pte Ud(GIPL) have signed a deal with Consultant Nsurospeciaiists Pta Ltd (CNS) to aet up a to Singapore to provide clinical, consultancy sndntsniifaiMiil ssi vices in relation to neurological dbjonlars and related services for neuroscience centres. MKHL«ndQlPLwait»>»«»4p»rc«ct«Dda6perc»Dt
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      • 77 7 EOTARY Engineering, one afthe significant plays in the stock market yesterday, has requested a suspension of its shares today. It also informed the Singapore Exchange btevenlng thatas part of its strategy, it is actively ■tploringoppoituiiUlestr new bininoasoa to increase tttrnover/profltabmty and value of its shares. The company is finalising
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      • 35 7 TO has acquired Fortune Mission Sdn to wholly-owned subsidiary, FuYu tovwtoeot Pte u± Fortune Mission has an authorised capital ofBMloo,ooowith a paid-up capital of RM2. The company assemble# plastic Darts.
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      • 24 7 SAN TEH Ltd has set up a representative office Ln Xiamen, China far trading and investment activities.
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      • 43 7 ynUKK Engineering has agreed to an extension of time for its purchase of sharas in Plan-B Bpeed.com Pte Ltd apdlAntrovision (S) Pta Ltd. The deadline for conditions to beaiet is now March 31.8trike had earlier said the deadline was Feb 19.
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      • 58 7 ALLlANCBTechnology and Development said its •OMtaary, Port Canning Ootmtry dub Investment Ltd, has began tafts with North Shore Marina Pte Ltd, the owners ofPonggol Marina, for the sale of FCCC's 51 per centintereet in Übin lagoon Resort Pte Ltd to NSM. Negotiations are
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    • 381 7 Reuters [SINGAPORE] Keppel Corp (KepCorp) Is expected to post a strong jump in earnings for 1999 but continues to trade at a steep 40 per cent discount to the total value of the sum of its parts. "The flavour
      Reuters  -  381 words
    • 424 7  -  By, Jeanette Pang SMITTEN by the Internet bug, metal stamping specialist Seksun Precision Engineering has invested $1.8 million in a financial portal which plans to list on the Singapore Exchange (SGX) within a year. The mainboard-listed company's maiden Internet venture will give it
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  • Page 4 Advertisements
    • 70 4 THE KEY TO YOUR UK PROPERTY FINANCE w m m *£|jg| .Zr Highly competitive interest rate Fast and convenient service Flexible loan package Pre-purchase approval No pre-payment penalties For further Information, please contact either Eileen Tan or Amy Wee at Tel: (65) *****33 and Fax: (65) 225 8013. The Royal
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    • 8 4 Editorial: Malaysia's way is working but..., Pg 12
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  • Page 5 Advertisements
    • 69 5 Pr.mlum Automobile 8,..cb 5h..,00m 61 Üb, A»,»,e 2. .0111 *****8 T.I 1183 Ft, 841 3181 P.,.. Service 27 Leaf lee Si.MPo" *****«. T.I: 473 IK3 F«l: 473 1131 I l lleeeieww,mWlWWW W, W WW,^ll^,llieellßlll^ ■■nan Hl————| mjT-~ -mmmmmrnmm i. v j mi, t. jjttj KftW. K k V bj£ 3LJP^gj
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  • SINGAPORE markets
    • 580 6  -  =11 comment STOCKS r.sivanithy IT was slow in coming, but the rally, when it finally came yesterday, was a welcome relief from the weakness of the previous few sessions. It came thanks mainly to a resurgence in the tech play that has
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    • 464 6 Stocks Volume GES InB Lid 20c 23,936,000 KepMarinsl50c 21,154,000 JC-MPH™. 20,420.000 Strike Engg 5c 15,192,000 Vtekers Capital 25c 13,716.000 Aied Com 10c 13.579,000 NOL 13,281,000 Goldtron20c 12,813,000 PohLian 10c 12,126,000 SingTal15c 10.783.000 Stocks GES Intl Ltd 20c 64,503,710 PactflcCantuy 58.417,570 ST Aseembty 25c 49,792,864 DBS Grp. 44.801,629 KepMarins 150c 36,295,717
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    • 165 6  -  WARRANT WATCH -By R Sivanithy THE last time we featured the Boustead Singapore warrant in this column was September last year, before the stock underwent a l-for-4 split. Its numbers have all had to be adjusted, so perhaps a review is in order. The
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    • JC-MPH resistance remains at $1.20
    • 147 6 PROGEN HOLDINGS' 3-for-lO rights issue of 42,931,4865 hares of 10 cents each will be listed today. SINGAPORE Press Holdings said yesterday it had completed raising its stake in Singapore Cable Vision Ltd to 26.7 per cent SINGAPORE Technologies Engineering said substantial shareholder The Capital Group Companies Inc has
      147 words
    • 512 6  -  -li comment CURRENCIES larry wee THE US dollar rose through 551.70 for the first time in two weeks yesterday, after successive waves of buying by US players. From the start of trading yesterday, trading rooms here reported strong buying by US investment
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  • Page 7 Advertisements
    • 381 7 I EASYKNIT INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited lability on 8 September 1994) NOTICE OF BOOKS CLOSURE DATE NOTICE TO MEMBERS THE PROPOSED RENOUNCEABLE RIGHTS ISSUE ("RIGHTS ISSUE") OF NOT LESS THAN 306,406,053 NEW ORDINARY SHARES OF HK$O.lO EACH ("RIGHTS SHARES") IN THE CAPITAL OF EASYKNIT INTERNATIONAL HOLDINGS
      381 words

  • SINGAPORE news
    • 369 8  -  By' Teh Hooi Ling THE Info-comm Development Authority of Singapore (IDA) is inviting industry and public views on two issues: financial disclosures required of telecoms companies and the developments of fixed-wire-less broadband networks and services. IDA issued the two consultation papers yesterday as
      369 words
    • 570 8  -  Hay polling CEOs of some 500 MNCs, local firms, big investors Byi Anna Teo IS the level of top management pay in Singapore "too high" relative to that of other employees? Are chief executives more at risk today of losing their jobs than three
      LIM SIN THAI/ST  -  570 words
    • 295 8 SINGAPORE'S second mobile phone operator Ml yesterday announced that it will scrap the monthly subscriptions of its CDMA customers. Instead, it will bill customers for the actual airtime used at the end of every month. Currently under its Chat 188 plan,
      FILE PHOTO  -  295 words
    • 281 8 the economy exchange rate policy SINCE the outbreak of the regional crisis, the exchange rates of the East Asian economies have been managed more flexibly, and have shifted towards the yen at the expense of the US dollar in their currency baskets. Most of
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    • 263 8  -  m MAILISTTHM Wu Pei Tong Singapore via Internet IT is good that the government is looking into measures to promote the use of broadband Internet and to attract broadband content here. Perhaps, for a start, we should look into encouraging our broadband
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    • 165 8  -  David Stannard Executive director Corporate finance division Securities and Futures Commission, Hongkong WE refer to the article, "Sing Tel, HKT: A done deal that got done in?", in your newspaper of Feb 15. We are surprised that a reputable newspaper such as yours has printed an
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    • 369 8  -  Host for e-commerce Web sites offers 30% faster response time By Andrew Wee US-BASED Dell Computer Corp yesterday opened its Asia-Pacific Web farm which will serve regional markets and also announced alliances with Singapore Net firms. Dell's US$5 million (SsB.s million) Web farm will
      369 words
    • 271 8  -  By Francis Kan THE Singapore Chinese Chamber of Commerce Industry yesterday launched a programme to help small and medium-sized enterprises, or SMEs, to keep costs down by outsourcing non-core business functions. "Through this special programme for SMEs, we want to assist our member companies
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    • 241 8 OILTANKING GmbH, the world's second biggest oil storage company, is investing $105 million to build storage tanks and jetties in Singapore to serve the Royal Dutch/Shell Group. The company, which is a division of the German Marquard Bahls AG group, said in a
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  • e News
    • 591 10 Key allies Dell and Compaq, big customers give the new operating system the thumbs-up Reuters [SAN FRANCISCO] Software giant Microsoft Corp on Tuesday kicked off a gala launch event for Windows 2000, with two key allies, Dell Computer Corp and Compaq Computer Corp, and big customers
      Reuters; AP  -  591 words
    • 411 10 BONN Bloomberg DEUTSCHE Telekom AG, Germany's largest phone company, said it will buy Lagardere SCA's Club Internet for an estimated 2 billion euros (553.3 billion) in stock as it expands outside Germany. In exchange for the 99.9 per cent of Club Internet, Telekom
      Bloomberg  -  411 words
    • 309 10 SYDNEY Bloomberg WESTPAC Banking Corp, Australia's third-largest bank, said it formed an alliance with John Fairfax Holdings Ltd, the country's biggest newspaper publisher and online news provider, to sell loans online to home buyers. In the three-year, multimillion alliance, Westpac Banking's online
      Bloomberg  -  309 words
    • Asia Online to keep acquiring despite high stock valuations
    • 335 10 MAKUHARI, Japan Reuters APPLE Computer announced the launch of a souped up i-Book notebook computer yesterday with double the memory and hard-drive size of the previous model. Apple Inc chief executive Steve Jobs told a trade show in Tokyo that the new i-Book
      Reuters  -  335 words
    • E-commerce vital for developing nations: UN
    • 356 10 LONDON Chancellor wants to giggty phone to set off surge In e-commerce FT PLANS to halve the cost of Internet use by the end 0f2002 were set to be announced last night by Gordon Brown, the chancellor. In an interview with the
      FT  -  356 words
    • e Briefs
      • 87 10 AFX-Asia [HONGKONG] Pacific Century CyberWorks Ltd has made a strategic investment in US-based Weave Innovations, the companies said. They did not mention price paid or the size of the stake acquired. Weave develops technology enabling users to view and share digital images and content via
        AFX-Asia  -  87 words
      • 75 10 Reuters [KUALA LUMPUR] Telekom Malaysia's wholly owned unit Telekom Multimedia is in talks to sell its Internet infrastructure, Bernama said yesterday. "There are many regional Internet service providers keen on the infrastructure," Telekom Multimedia's acting chief executive officer Majid Abdullah was quoted as saying. He
        Reuters  -  75 words
      • 68 10 AP [WASHINGTON] The US House of Representatives passed s US$6.9 billion (5111.7 billion) measure on Tuesday aimed at expanding the government's role in computer and scientific research and maintaining the nation's role as a technology leader. The bill, which passed by voice vote, would
        AP  -  68 words
      • 87 10 Bloomberg [FRAMINGHAM, Massachusetts] America Online, MCI WorldCom's Uunet Technologies and other US Internet service providers' revenue will jump 29 pa* cent this year to almost US$23 billion (5539.1 billion), International Data Corp said. AOL, the world's largest ISP, serves about 40 per cent
        Bloomberg  -  87 words
      • 82 10 Reuters [TOKYO] NTT DoCoMo, Japan's biggest mobile phone operator, expects to sign up Ave million i-mode Internet phone users by the end of March, becoming Japan's biggest Internet access platform, managing director Kei-ichi Enoki said yesterday. NTT DoCoMo currently has 4.1 million subscribers
        Reuters  -  82 words

  • Page 11 Advertisements
    • 111 11 Jt- :*1 -4"' 1 f&m?4 y; ft 1 TrSfe" »*< v i +1. 'Y" ;,3t r V < -f W r r«-*s ■SftP* 1>• 'kA V >•' £r&£. v f t: ■> >~"% f w. r,. jj. '.<y l flfiffi The first bank to introduce Internet Banking in Singapore llißl
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  • EDITORIAL & opinion
    • 695 12  -  »i!!=l I bottom line OPINION manjit bhatia The writer is a lecturer in political economy at the University of Queensland in Australia WHEN Asia was going through its worst post-war economic crisis in 1997, many in Australia smugly berated East Asia for a want
      695 words
    • 117 12 'We are now in a period of emergency in which we lack everything—houses, food, health care.' Joae Alexandre Qnsmao East Timor's defacto leader, on what foreign aid officials there call "groundzero". 'If ever there were a case in which the integrity of the international justice system needed
      117 words
    • 661 12 EDITORIAL Stj vim\ 1 rLbJN months ago, the academic and investment communities were up in arms after the Malaysian government implemented its controversial capital controls. Instead of embracing the conventional wisdom that free market forces would provide the best cure for the country's economic ills,
      661 words
    • 977 12  -  If McCain upsets Bush again in Sooth Carolina primaries, he conld go on to win the Republican nomination By Leon Hadar The writer is BT's Washington correspondent JOHN McCain's election campaign bus, the Straight Talk Express, is attracting so many journalists these
      FILE PHOTOS  -  977 words
    • 752 12  -  DOMMEMTART Asians don't need affluent Westerners trying to save them from globalisation By 1 Paul Krugman The writer is a professor of economics at MIT NYT TALK about globalisation. Michel Camdessus probably knew that his last speech as managing director of the International Monetary Fund
      NYT  -  752 words

  • REGIONAL news
    • MARKET moves
      • 110 13 INVESTORS continued to snap up shares of two counters in the Renong stable. Time Engineering rose 22 sen to RM4.28, while Intria inched up 5 sen to RM1.43 on heavy volume. But the two companies' debt woes are far from over. Time Engineering has to
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      • 55 13 LATEXX Partners continued to rise on expectations of huge long-term contracts from a US company for the supply of its rubber products. The counter jumped RM1.60 to RMII.BO although the company has not confirmed the deal yet. Traders said the price hike is also
        55 words
      • 75 13  -  Compiled by Eddie Toh TECHNOLOGY-BASED stocks continued their winning streak yesterday. CSA Holdings jumped RM2.50 to RM2O, while Mesiniaga gained RM1.40 to RM16.00. The two stocks are easily the top performers of the Malaysian bourse this year. Investors were also encouraged by Multimedia Development Corporation executive
        75 words
    • 88 13 KUALA LUMPUR Reuters MALAYSIAN conglomerate Diversified Resources Bhd (DRB) said yesterday that it was in advanced negotiations with the government over a multi-billion-ringgit railway track project. DRB, in a statement to the KLSE, said it would make an announcement once the contract
      Reuters  -  88 words
    • 607 13  -  KLlga.T™ Investors in search of secondary players offering indirect play on IT theme From Diana Oon Abdullah in Kuala Lumpur THE "tech fever" which hit the KL stock market about two months ago is still raging. Rising prices and rich valuations have fuelled the
      AFP  -  607 words
    • 334 13 KUALA LUMPUR Boom in KL tech shares seen as sustainable for one or two years Bloomberg, Bernama PICA Corp shares rose much as 22 per cent after the Malaysian provider of financial services said it plans to buy 10 per cent of Kalan
      Bloomberg,; Bernama  -  334 words
    • 268 14 JAKARTA Bloomberg, Reuters FOREIGN investment approvals in Indonesia fell 74 per cent month-on-month in January, Investment Minister Laksamana Sukardi told Parliament yesterday, as political and social instability kept investors away. Indonesia approved investments totalling US$95.B million (*****.3 million) last month, Mr Laksamana said.
      Bloomberg,; Reuters  -  268 words
    • 503 14 JAKARTA Bid* below asking price; problem may hit country's tentative economic recovery Reuters INDONESIA has a problem with billions of dollars of bonds issued to rescue the banking sector from insolvency nobody wants them at the asking price, and the country's
      Reuters  -  503 words
    • 432 14 MALAYAN Banking Bhd is unlikely to face problems of "indigestion" or a clash of corporate culture and management styles in any significant way that some of the other nine anchor banks may be confronted with, The Star reported, citing analysts. "It will still be the
      FILE PHOTO  -  432 words
    • 542 14 iim bank mergers KUALA LUMPUR Anchor banks could be halved to just 5 in 3 years'time THE 10 banking groups approved by Bank Negara should brace themselves for a second round of consolidation three years down the road, a report in The
      542 words
    • 183 15 Bloomberg TAIWAN investors have set up about 40,000 factories in China, creating "several million" jobs, Taiwan Vice-President Lien Chan said. The vice-president has previously said Taiwan companies invested about US$l3 billion (5522.1 billion) in China in 1998 alone through some 2,100
      Bloomberg  -  183 words
    • 699 15 MANILA Publication of BW Resources probe results landed bat index slides Bloomberg THE publication of the official report of an investigation into the Philippines' most serious stock scandal is being hailed as the dawn of a new era of candour, though
      Bloomberg; AFP  -  699 words
    • 433 15  -  Thais concerned that director-general and his supporters might not keep word From] Harish Mehta in Bangkok WORLD Trade Organization chief Mike Moore yesterday dismissed speculation among some Thai officials and academics that he would not vacate his seat for Thai successor, Supachai
      433 words
    • 128 15 WTO chief Mike Moore was threatened yesterday, three days after an activist flung a cream pie in the face of international Monetary Fund head Michel Camdessus. The Thai authorities apparently received a phone call from an unidentified person threatening Mr Moore. Asked if the caller threatened to
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    • NOTE Book
      • 82 15 AFP [JAKARTA] Doctors for former Indonesian president Suharto have testified that the former autocrat was "physically and mentally unfit" to undergo an investigation into alleged corruption, reports said yesterday. A statement by the doctors was submitted by one of Mr Suharto's lawyers, Juan Felix Tampubokm, to
        AFP  -  82 words
      • 91 15 AP [LONDON] Britain has agreed that Thailand may seek the extradition of a financier accused of making millions of dollars in bad loans that contributed to his country's 1987 recession, lawyers told a court on Tuesday. Pin Chakkapak, 49, a former executive of Finance One, appeared
        AP  -  91 words
      • 67 15 AP [JAKARTA] A day after he was removed as senior government minister, Gen Wiranto dropped into a popular Jakarta radio station and became their disc jockey for more than an hour, news reports said yesterday. The former military chief flirted on the phone
        AP  -  67 words
      • 60 15 Bloomberg [JAKARTA] Four Korean creditors sued PTBakrie Finance Corp for bankruptcy over its failure to pay US$23 million (5539.1 million) of debt. "We are very frustrated because Of Indonesia's legal system," said Tae Seon Paik, president director of AB Sinarmas Multiflnance, a unit of Asian
        Bloomberg  -  60 words
      • 59 15 Reuters [BEUING] China has moved to tighten up control on selling of foreign exchange to importers, the Economic Daily reported yesterday. The State Administration of Foreign Exchange and the the General Administration of Customs had ordered a classification of importers' customs clearing documents to
        Reuters  -  59 words
      • 54 15 AP [MANILA] President Joseph Estrada yesterday signed into law this year's Budget which he said would help the Philippine economy grow more than last year. The 629 billion peso (5526.4 billion) Budget will bring growth up to 4.5-5.5 per cent by the end of the
        AP  -  54 words
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  • JAPAN report
    • 2218 16 In his speech to students of Nanyang Technological University and National University of Singapore on Tuesday, Senior Minister Lee Kuan Yew referred to Japanese Prime Minister Keizo Obuchi's commission to review the country's future. We reproduce below extracts from the report by the commission on
      2,218 words
  • Page 16 Advertisements
    • 288 16 VALENTINO GARMENT PTE. LID. (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap.so that the Final Meeting of Members of the abovenamed Company will be held at the offices of Messrs Ernst Young, 10 Collyer Quay, #21-01, Ocean Building, Singapore *****5 on Friday,
      288 words
    • 8 16 mWM Myth of dot com investment QSi 1
      8 words

  • WORLD news
    • 407 17 WASHINGTON Report sajs govt needs to continue structural reforms Reuters, AFP THE International Monetary Fund forecast strong growth and manageable inflation for boom economy Australia on Tuesday, and said the risks associated with a high current account deficit were manageable. The IMF
      Reuters,; AFP  -  407 words
    • 389 17 SYDNEY Bloomberg AUSTRALIA'S central hank says two interest rate increases since last November haven't slowed the economy yet, suggesting the bank may raise borrowing costs again this year. The Reserve Bank of Australia (RBA) said in its quarterly economic outlook that it
      Bloomberg  -  389 words
    • 516 17 BOMBAY frenzied demand for TV software producer and broadcaster reflects current love affair with firms Reuters SHARES in television software producer and broadcaster Television Eighteen India Ltd (TV 18) rocketed over 1,000 per cent its trading debut yesterday, reflecting investors' current love affair
      Reuters  -  516 words
    • 202 17 NEW DELHI AFP INDIA'S Information Technology Minister Pramod Mahajan has expressed concern over a dizzy rise in stock markets ftielled by information technology shares. 1 do not want this (rise in share values) to crash and start from scratch," Mr Mahajan told a business
      AFP  -  202 words
    • 714 18  -  It warns Congress that delay may mean postponing it till mid-2001, after the elections From. Leon Hadar in Washington CLINTON administration officials are pressing for a Congressional vote on the deal that will allow China to join the World Trade Organization
      714 words
    • 549 18 Hi-tack execs meet him te explore ways of beesting security Reuters (WASHINGTON] President BUI Clinton met computer executives on Tuesday to plot strategy to prevent Web site hacking, saying last week's attacks had raised the alarm for tighter Internet security but were
      Reuters; AP  -  549 words
    • 343 18 Reuters [WASHINGTON] A prankster who usurped President Bill Clinton's name to urge more Internet pornography in an online presidential interview said on Tuesday it was an easy trick that highlighted flaws in new-media journalism. "It was completely unplanned. I was just
      Reuters  -  343 words
    • 195 19 NEW YORK Bloomberg FOREIGN investors bought a record amount of US stocks last year to tap into economic growth, low inflation, a strong dollar and gains of computer-related shares, the Securities Industry Association (SIA) said. Overseas investors bought about U*****.9 billion (*****.8 billion)
      Bloomberg  -  195 words
    • 65 19 [AREZZO, Italy] Art restorer Silvano Lazzeri, chief of the restoration mission for the St Fruncis Basilica ofArezzo in Tuscany, looking on Tuesday at one of the frescos of the cycle, "The Legend of the True Cross", painted by Renaissance master Piero della Francesco from 1452 to 1466. The
      AFP  -  65 words
    • 478 19 mTOKYO Aim is to ensure stable global growth, so Opec likely to raise production Reuters SAUDI Arabia, the world's biggest oil producer, has signalled that oil prices should fall by at least 10 per cent, after more than doubling in the
      Reuters  -  478 words
    • 266 19 WASHINGTON Reuters WHEN Federal Reserve Chairman Alan Greenspan testifies before a Congressional panel today on US interest rate policy, it could mark the end of a closely watched tradition spanning more than two decades. His required appearance before the House Banking
      Reuters  -  266 words
    • WORLD Watch
      • 92 19 Bloomberg [LONDON] Glaxo Wellcome, which plans to unite with SmithKline Beecham to form the world's biggest drugmaker, said 1999 earnings rose 6 per cent on demand for new respiratory drugs such as Flixotide and Serevent. Net income totalled £1.95 billion (555.28 bWion), or 53.9 pence
        Bloomberg  -  92 words
      • 61 19 Bloomberg [WAJjTHAM, Massachusetts} Lycos, one of the three largest Internet search directories, said its fiscal second-quarter loss widened on higher costs as revenue more than doubled. Its loss widened to US$3l million (5552.7 miUion), or 31 cents a share, in the quarter ended Jan
        Bloomberg  -  61 words
      • 53 19 Bloomberg [FRANKFURT] Deutsche Bank said fourth-quarter profit rose 72 per cent as trading income rebounded. Profit rose to 700 miUion euros <551.16 billion), or an indicated 12 euro per share, in the fourth quarter from 406 mOl ion, or 0.73 per share, a
        Bloomberg  -  53 words
    • 238 19 NEW YORK Sources say the group could be split into three arms FT Pricewaterhouse Coopers (PwC), the world's largest accountancy firm, is nearing a decision on a radical reorganisation that could see the group split into three. The three entities would broadly
      FT  -  238 words
    • 440 19 SEOUL Court's decision will improve cashflow, send its shares np AFP KIA Motors Co, the harbinger of South Korea's economic crisis in 1997, graduated yesterday from nearly two years under court receivership, the company said. Kia Motors applauded the court's decision, which it said would improve
      AFP  -  440 words
  • Page 17 Advertisements
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  • Page 18 Advertisements
    • 820 18 I Keppel Land Limited I (Incorporated in the Republic of Singapore) fl 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1999 I The Directors advise the following unaudited results of the Company and of the Group for the year ended fl 31 December 1999: COMPANY GROUP I H 1999
      820 words
    • 106 18 Corporate Advantage I For more information I or reservations, I please I (65 294-0467. I fax I Superior Room 298-2038 I Complimentary Local Calls r f 'T l I v sales golden land mark.com.sg fl and Dailv NcwsoaDcr Au ra,es an suhject to io%char e > I J Y I
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    • 17 19 p§[^Sj I;© 1 wK' I Photo essay a creative way to recruit the right talents. TlwStnutsTiiiM-s 1800-741-1883
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  • FINANCE & commodities
    • 245 20  -  SOX Derivatives Tradlngßeports MSCa Singapore Index Daphne Tay Jardine Fleming THE Singapore stockmarket closed higher in mixed trading yesterday, lifted by selective buying of tech stocks on rotational play. OveraU market sentiment was cautious as investors await Alan Greenspan's Humphrey-Hawkins report to
      245 words
    • 182 20  -  MSCI Taiwan tatores Matthew Den Bleyker Refco (Singapore) Pte Ltd THE Taiwan Stock Exchange Weighted Price Index jumped up 106.75 or 1.1 per cent to 10,064.49. One of the main factors influencing the market was a government plan to liberalise fixed-line phone services on the
      182 words
    • 290 20 ENERGY REPORT Reuters [LONDON] World oil prices held firm near nine-year highs yesterday on continuing signs of depleted stockpiles of crude and refined products in the United States. In the US market, March light, sweet crude futures stood 6 US cents firmer at U5530.12
      Reuters  -  290 words
    • 316 20 Reuters THE US dollar remained in tight trading ranges yesterday as traders were reluctant to bet on the currency ahead of testimony by Federal Reserve Chairman Alan Greenspan and of key German data due later this week. Analysts said currency dealers would scan Mr Greenspan's semi-annual Hum-phrey-Hawkins monetary
      Reuters  -  316 words
    • Article, Illustration
      1067 20 MTBKBAMK CROSS KATBS A| C$ lmt> Ffr Pm HKS V> Wan H Nm 8— Sfr >7$ Oatt Hmt m Australia 0.919 6.178 0445 4.231 1262 4.915 ********** 0409 7.01 2.400 1287 32.749 ***** L074 4.014 1.036 19.379 ***** OJM 0412 Canada LO08 1704 0.702 4604 1373 1348 29.964 50.6*9 0.749
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    • 1655 20 SI COM FUTURES Febl6 i IUHO Italian u«*|as«SJ0pM) RSS1 CONTRACTS cMtt/)*) dm Votam Opm MwO t— Sit ft—tf wK Mar 00 w5 im AurOO ***** ***** OOOO 300 100 *V0O ***** ***** 132.50 MO 400 QM0 400 RSSSQWTBMT(UcMtt/kf) Mm 0M !«55 W» U» Wt (tilt) Irtwgfe Sm» £00 75J0 7L00
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  • STOCKS east asia
    • 2756 21 HONGKONG Reuters QHMgSig ****** HONGKONG stocks ended higher yesterday with HSBC Holdings Pic leading banks upwards as investors followed their US counterparts by selling tech and telecom-re-lated shares in favour of market laggards. The benchmark Hang Seng Index, which slumped on Tuesday after
      Reuters  -  2,756 words
    • 2033 21 TOKYO Reuters Ommag +23L36 TOKYO'S benchmark Nikkei Average closed firmer yesterday, with banks recovering after sharp falls the previous two days due to a proposal by the Tokyo municipal government to impose a new tax on big banks. Banks rebounded after major credit rating
      Reuters  -  2,033 words
    • Article, Illustration
      992 21 Reuters DShanheaßlndei -2.45 SHENZHEN'S hard currency B shares closed solidly lower yesterday as renewed concerns over poor corporate earnings for 1999 overshadowed the impact of new official marketboosting measures. The B Share Index fell 2.45 points, or 2.67 per cent, to 89.30 as turnover dropped sharply to HK$Bl.2 million
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  992 words
    • 365 21 AFP n VP Index +106,75 TAIWANESE share prices closed 1.1 per cent higher to reclaim 10,000 points yesterday following overnight gains on Wall Street and Vice-Presi-dent Lien Chan's vow to expand the stock market and its trading hours, dealers said. The Taiwan Stock Exchange Weighted Price Index jumped 106.75
      AFP  -  365 words
  • Page 21 Advertisements

  • STOCKS klse
    • 7912 22 *000 Last "'"'Va. Day Cap Law Clin -000 MH» Laar P/I jm8 402 310 A|lnomoto 382 unch 2 382 382 24-2 154.8 '30 91 »m>Ml 121 4 178 122 ITT 178.4 444 290 ApoNo Food Hlq 422 12 37 422 410 10.1 WU 29T9 2700 BAT50C 2800 25 385 28.5
      7,912 words
    • 323 22 AFP fl Composite Index »12S MALAYSIAN shares closed 0.3 per cent higher yesterday due to modest institutional support amid some retail profit taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 3.25 points at 998.77. Volume feU to 748.16 million shares worth
      AFP  -  323 words
  • Page 22 Advertisements

  • SGX clob & regional stocks
    • 2619 23 BOHPS&WARRANTS SET"*Lot Ma* 12! M UlUiill I""* t— Urn 'X IVM Cupiflf (III (fill HWl lag feMMf Uh> Im j W il I5S2 ZSSffiSBV'* 1=1 43 unch J3 43 43 43 43 5 J3., l ,56 tT 2 67" ,7 59 16 3l|r AU?Jch W010II07 I i 8 3 J
      2,619 words
    • 276 23 AFP CI Composite Index -02 THE Korea Composite Index closed down 0.2 point or 0.02 per cent to 879.50. Volume was 210.9 million shares worth 3.0 trillion won. —AFP WW Anam Saml 8750 -500 BraHTacH 1540 -60 Central to* 2940 100 CMIConn *****0 -5000 DaaGuBank 2700 0 DaatangCorp 3210
      AFP  -  276 words
    • 287 23 AFP □Compositelndex -43J1 PHILIPPINE share prices plunged 2.22 per cent to a 10week low yesterday. The PSE Composite Index fell 43.11 points to 1,894.95. Volume dropped to 6.59 billion shares valued at 1.7 billion pesos from 8.9 billion shares worth 2.6 billion pesos on Tuesday. —AFP Nw row) MAC
      AFP  -  287 words
    • 262 23 QHBB-10 *50.74 NEW Zealand's share market leapt 2.5 per cent yesterday as offshore Interest was awakened by Telecom Corp's results on Tuesday. The NZSE-40 Capital Index closed up 50.74 points at 2,087.11 with a turnover worth some NZ5183.9 million. —AFP n>» «a cw«> AOvantaqa H05 1ST 0.02 30 AlrN2A
      262 words
    • 573 23 AFP □AnONiMri- -U8 AUSTRALIAN share prices closed 0.3 per cent lower yesterday despite a morning rally which pushed the All Ordinaries index to a record intra-day high, brokers said. The All Ordinaries slipped to close 9.8 points down at 3,148.3. National turnover totalled 1.12 billion shares worth A) 1.85
      AFP  -  573 words
    • Article, Illustration
      761 23 AFP QSETMg -BJ4 Thai stocks plunged to their lowest levels this year yesterday on a concerted sell-off in the communications and banking sectors, dealers said. The Stock Exchange of Thailand (SET) composite index plunged 8.14 points or 1.9 per cent to close at 422.83. The select SET-50 was off
      AFP  -  761 words
    • Article, Illustration
      653 23 AFP Q Composite Index -1540 INDONESIAN share prices closed 2.4 per cent down yesterday amid rumours of possible retaliatory moves by supporters of former security minister General Wiranto, dealers said. Sentiment was also dampened by worries over a plan to raise excise taxes and the weakening rupiah, they said.
      AFP  -  653 words
  • Page 23 Advertisements

  • 7055 24 SGX MADfBOARD TYansaction date: Feb 16 Gr Ot M m L*»« Val Day Last Ourl* Mv Olv VM Nat Cm Am J!s Company m rOOO) High L— Buyar 5a6ar Cw P/t Sm« Prtca MUHMmar 182 69 m c JOOO AcmaSOc 137 *2 493 MO 135 136 137 10
    7,055 words
  • Page 24 Advertisements

  • Page 25 Advertisements
    • 386 25 Where to wine, dine and (SUfeSfe Enjov our ever-popular Japanese favourites for lunch and in the evening, tuck in to a wide selection of Japanese, Asian and Western dishes like Sashimi, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet Lunch (14 Feb -12 Apr) $22.50 (Adult), 40% discount (Child) Euro-Asian
      386 words
    • 15 25 \IANOARIMS I V <a A P O K E tt-.r «.-.■»<?* t M W CI JSINF
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  • Page 25 Miscellaneous
    • 901 25 WiIBHHHHHHHH Ontnl Block. 3JSO Heartbeat. 9JW Asia Sports Show. -—'—9 oo AM Kids Ppntral- p nw Wheel of Fortune. 4.40 The Colourful Melon 0.30 Sports Night. erßangera^ Pyramid Game. Garden. 104)0 Rugby Union World 930 \V- 800 Growing 5.40 Ninja Boy. fington S SerieS Wel W- 30 Superman: Ghost In
      901 words
    • 288 25 CBTPTIC CROSSWORD ACROSS 4 Closely involved with the issue 7 Put off with a story before ten-a (8) mistake (8) 5 "Love is too young to know 9 A horse which has the tot! (6) is" Shakespeare 10 Article opposing queen and (Sonnets) (10) state (4) 6 Trendy and single-so
      288 words

  • MOTORING page
    • Navigating the cyber highway
      • 521 26  -  The motonngmdustry in Singapore takes a right turn into cyberspace. Already companies are registering dot-com services for buyers sellers and everyone in between. Even the Land Transport Authority is said to be expanding its existing Web site to offer an online
        521 words
      • 129 26 THIS ATM-like kiosk promisw to help you find your dream car among an inventory of over 2^ooocars at the brand new Automobile Megamartat6l, ÜbiAve2. Four soch kiosks have been installed at the Megamart, which opens officially this Saturday. You can search using various criteria,
        CHRIS LOH  -  129 words
      • 523 26 THIS is not just another story about a group of 20somethings who have turned their backs on seemingly promising careers to start up a dotcom venture. It is also about a portal they have set up that not only lets you shop for
        523 words
      • 267 26 ST KINETICS, a new unit of listed ST Engineering, has set up an online auction site for the public to buy and sell used cars. The main difference of www.juzclickcar.com.sg is that buyers will get a one-year warranty for cars which are less than seven
        267 words
      • 446 26 Top executive says turnover this year is expected to reack 5m units, up 3% from 19M GERMAN automotive giant Volkswagen expects sales to hit six million units, or 23 per cent higher than 1999's figure, "within the next five
        446 words
      • 395 26  -  More plants possible if export programme takes off Reports by Christopher Tan VOLKSWAGEN, the world's fourth largest vehicle maker, is embarking on two new car projects in China that could boost group sales by one million units or 20 per cent. Board
        CHRISTOPHER TAN  -  395 words
      • 219 26 VOLKSWAGEN subsidiary Audi Ag is spending 100 million marks (SsBs million) to improve high-speed stability of its IT sports car, according to a top VW executive. Board member Robert Buechelhofer said 250 cars a day were being retrofitted with additional features such as stabilisers
        219 words
  • Page 26 Advertisements

  • 2661 27 Property transactions for selected districts lodged between Jan 11 and Feb 14 skst sr ""ujsjs asssr sr ""•jsssf ffOH) (SS-OOO) (SD SOFT) srooo) fit) 03 MeiGdn Apt 07/12/99 FH 2777 1960 702 fmlmm i MeiGdn Apt 07/12/99 FH 1432 1000 699 Emerald Park Apt 03/12/99 99 1087 705 648
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  • Page 27 Advertisements
    • 16 27 470 HOUSES-SALE Visit this choice site for a selection of dream homes. The Straits Times Classified
      16 words
    • 127 27 The Yarra Crest apartments are in the heart of it all! Many would consider this the best location in Melbourne Bordering the famous Yar r a River and adjacent totheCßD M jr <,«>.,.» 0 ftp* SH (Central Business District), the Yarra Crest is just minutes lii-* *1 -10*«»'•» 8 to
      127 words
    • 101 27 NEWTON HEIGHTS SITE FOR SALE PROPERTY f\\7 77 k PLANNING Newton Heights \V\ Ay PARAMETERS 1 Newton Road, 4 4 'Residential" Zoning Singapore *****3 acs Of 2.8 Plot Ratio AVw I a. x Up to 30 storeys LOCATION <f Vy Situated opposite the SUBJECT\ DESCRIPTION Newton MRT and V PROPERTYq
      101 words

  • PERSONAL SPACE
    • 1095 28  -  taw so ten finds a strong sense of history in the comfortable home of Kevin-john Mclntyre, managing director of Discovery Channel Asia TAN SU YEN PERCHED at the top of a street in Sunset Gardens, the sundrenched seventies bungalow that is home to
      PHOTOS BY CHRIS LOH  -  1,095 words
    • 599 28 BANKSflNWCE COMPWES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEARt-tt YEAR 11-36 ABN-AMRO Bank (max of 30 yrs) 3.5000 4.2500 4.7500 4.7500 4.7500 4.7500 4.7500 Citibank* (max of 30 yrs) 4.5000 4.5000 4.5000 4.5000 4.5000 4.5000 4.5000 DBS 4.0000 5.0000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong Leong
      599 words

  • COVER STORY
    • 804 29 Development charges ($psm of gross floor area) IBHUSnHiiiUflHiH GEOGRAPHICAL SECTORS 1996 1997 1998 1999 CHANGE $psm—,— 1999 vs 1998 Raffles Place 4150 5200 4100 4100 0 Philip St 3000 4050 3400 MOO 0 4 Marina Centre 3250 3600 3050 3250 7 Fuflerton Square 4500 4060 3400
      804 words
    • 684 29  -  ITTITITJaITri commentary I They mast harness the benefits of the Internet and offer value-added services if they want to stay relevant ong choon fah The writer is executive director at DTZ Debenham Tie Leung THE valuer's role is commonly mistaken to be restricted
      684 words
  • Page 29 Advertisements
    • 107 29 3,461.1 sqm |37,255 sq ft) ,-^gj Plot Ratio 2.8; 30 storeys ujj 100metres(romTiongBharuMKT/ fj Easy Access to CTE/ECP/AYE fjjjp Tender Closing 22nd February 2000, 4.00 pm Jocky Own 9109 0270 Yvohm S«w 9762 2357 Jimmy Giam 9764 47U Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166
      107 words
    • 150 29 FREEHOLD IHDUSTRIAL BUILDING FOR SALE Address: 100 Lorong 23 Geytang Description: A 9-storey light industrial building Land area: Apprm 1,740.6 sqm (18,736 sq ft) Gross Floor Area: Apprax 4,396.7 sqm (47,326 sq ft) Remarks: 3 minutes' wait to Aijunied MRT Station For further enquiries, please contact Sol* Marketing Agent n
      150 words
    • 208 29 Collective Sele T HOOVER FLAT Condominium Development Site et Jalan Rama Rama U mmmmmmm Site Area: 56,596 sq ft Vr D6P Plot Ratio 2.8; up to 30-storey ***** Freehold Near to established housing precinct like Toa Payoh and Whampoa I Safe txtbf»ct»Strtu T«ts Boards Approvai tnqund) Teader clmm: 15 Midi
      208 words

  • EXECUTIVE Suite
    • 992 30  -  Pasir Ris Garden (below) and other collective sale sites may soon be slapped with higher development charges when rates are revised in two weeks, kalpana rashiwala finds out more about the oredicament facina owners and develoDers i KALPANA RASHIWALA Developers of several key collective sale
      992 words
  • Page 30 Advertisements

  • SHIPPING TIMES
    • 566 31  -  System, to be ready in March, will cat down paperwork, saving time for shippers By Ann Toh [SINGAPORE] The Singapore National Shippers' Council (SNSC) is to launch Singapore's first e-commerce portal for the shipping industry. SNSC chairman John Lu yesterday signed a
      CHRIS LOH  -  566 words
    • 129 31 Bridge News Reuters THE freight market was generally quieter on Tuesday, although the all round strength of capesize chartering was maintained, especially in the Far East, brokers said on Tuesday. The Baltic Dry Index (BDI) and Baltic Panamax Index both rose 28 points to 1393 and 1,348 respectively,
      Bridge News; Reuters  -  129 words
    • 278 31 sex too WW CWT Distribution 1.19 0.01 10 Chuan Hup 0.45 0.01 4*47 Costo invastmant 1.09 unch 74 FrvtaMLMu 0.26 -001 221 GB Holdings 042 unch 10 Hal Sun Hi* 0.78 unch 126 IMC Ho4db«g*-HK SM unch 0 Jaya Holdings 0.26 OOI 4062 KappdICarf 4.00 0.16 7623 KappalFELS
      278 words
    • 327 31 AnHRMATO OF BRIKA SDHZMO [PARIS] France will ask its European Union partners to adopt new shipping safety regulation r in the wake of the sinking of the tanker Erika, Prime Minister Lionel Jospin said on Tuesday. Among the recommended changes were laws to
      327 words
    • 255 31 Reuters [LONDON] Insurers should control the ship safety classification process in the light of weaknesses exposed by the Erika's loss, a senior tanker broker said. Insurance companies should hold the mandate over who inspected vessels' structural conditions and passed them as safe, Sultan Riaz
      Reuters  -  255 words
    • 232 31  -  From i Alec Almazan in Manila [MANILA] One of the Philippines' largest passenger ferries, the 4,885 grt Superferry 3, caught fire on Tuesday while undergoing repairs at Keppel Cebu Shipyard, a member of Singapore's Keppel Group. The fire, which started at 11 am,
      232 words
    • HI-TECH ports
      • 630 32  -  Port looking at IT solutions and customising the best to its requirements, taking into account the local situation m Mohd Sidik Shaik Osman chief executive officer of Port ofTavjung Pelepas Malaysian Business Times IN THE new millennium, industries are racing to upgrade and innovate and introduce
        Malaysian Business Times; FILE PHOTO  -  630 words
    • 179 32 PACE Mm 4 ACL 6 °**Uoyd 8 ami 3 Dongnama 3 i Accord 8 Ea 4 A*pensNp 5 ECU line 6 Austral 8 Bai*S*g 5 FOOn,Sun 8 BSA 7 u Gewartrans 6 B tang Mas 8 CC*I 7 Hanjin 3 CMA 8 H«jno-A 4 COSCO 5 Hyun(U
      179 words
    • 17824 39 thebusinesstimes thebusinesstimes EXPORT J™ Ad rtwr Vo Talaphona eta ETA Advartisar Vassal Voyaga Trt^oo< n Nim Nombar Human SIN Dast n Name Nama NumDar NumOaf T. ABIDJAN <ABJ) 2003 Co.. D'„<*. <*52* M1 coseo ri,», «u» .w,™ Si S» c™» (r0 01/03 6/04 C0SC0 EMPRESS DRAGON 0093W 65-*****00
      17,824 words
    • SHIPS IN PORT
      • 658 42 WW VoyNo Btfth Arrival Dcpartur* Mwt0»0to 48 Pr*036 Je 1 IfB 0/02/22:55 17/02/140 Me 1 02/00 JI7 16/02/6:40 «/02/7:00 S«C Citric or *****0 JI2 16/02/6 50 K/02/1940 M MM Bm ***** JOI 16/02/8 40 16/02/1840 AttW PMn Frt-01 J02 16/02/6:15 16/02/23:59 C Progress 17-FM J10 16/02/1:45 K/02/2040 Wood*
        658 words
      • 1849 42 RECEIVING Of EXPORT Fa CONTAINERS AND La CARGO Book lnq/B«l met Bstlj Ship Voy No Etb/Btr Ported From To From m. mamono b*h vmm m it/noo m/ms* m/bm AS14S «T» IJnot M M/BM WWI M/HM M/BM 14/1651 M/HM a 14/1700 I7/MM IT/WOO a m/bm vmm nmoo (7/0700 i7/n»
        1,849 words
      • 388 42 Carlo* no Mai 990 J 0 J *.9 0.00 78 0.05 Fw OmkHt Water KmMm tit AImbMmi Sedlawnt No alow £25 0 8 12 0 0 G 380 *M 9810 OJ HJ 0.07 40 0X3 380 Mo 992.0 0.7 *2 0.14 270 (MM Wrtri %>A »W>
        388 words
      • 205 42 Feb 23 Brunei: National Day. Fafc2B Taiwan: Peace Day. Marl Korea: Independence Movement Day. Marlt Indonesia: Hari Raya Haji. Malaysia:Hari Raya Haji. Singapore: Hari Raya Haji. Brunei: Hari Raya Aidiladha. Mar 17 United States: St Patrick's Day Bank Holiday (Northern Ireland). Maris Taiwan: Market Holiday for Presidential Election.
        205 words
      • 794 42 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem Market movements are Indicated. The Cockett Banker Price Index change and the Individual
        794 words
    • AIR & LAND transport
      • 540 43 aviation dispute Proposals include revoking landing slots to UK planes, banning British Airways Concorde Reuters [WASHINGTON] US lawmakers threatened to deny landing slots to British planes and other sanctions in retaliation for Sailed talks last month on a new bilateral aviation agreement. Republicans and
        Reuters  -  540 words
      • 225 43 Bloomberg [PARIS] Air France said it bought the remainder of Ireland's City Jet for an undisclosed sum, as it pushes to strengthen regional services feeding passengers into its hub at Paris's Roissy Charles de Gaulle Airport. Europe's third-biggest carrier said it bought a stake in
        Bloomberg  -  225 words
      • 451 43 Reuters [AUCKLAND] Air New Zealand, New Zealand's national carrier, reported yesterday a strong profit for the six months to December, but warned rising fuel costs may well hold back operating margins. The airline also said it was close to finalising
        Reuters; FILE PHOTO  -  451 words
      • 222 43 Move in response to rising prices for aviation fuel Reuters [BRISBANE] Qantas Airways, United Airlines, Thai Airways International and Air New Zealand introduced surcharges on some ex-Aus-tralia freight on Monday and Tuesday in response to rising prices for aviation ftiel. Qantas said the surcharge
        Reuters  -  222 words
      • 110 43 [SINGAPORE] SIA Engineering Company (SIAEC), a wholly-owned subsidiary of Singapore Airlines, won a maintenance contract with US air cargo carrier Polar Air Cargo Inc (Polar), a company statement said on Tuesday. SIAEC, which had applied for a Singapore stock exchange listing, did not announce
        110 words
      • 1575 43 an mad b» man no xiwn Mm hm mm 2050 r+mk» sow B40 sowo 012s *JK 555® ft 1 $0003 WO C2352 0035 AW229 COO 2048 S0I04 BB I i 2 Kwi VW741 1310 VU740 MB I 1 S0"» "30 S0VN175 183$ Aawlartaai S023 0650 6A974
        1,575 words
    • LOGISTICS page
      • 600 44  -  Asia's wine imports are set to grow at a steady rate of 10%-15°/o a year, reports AMK TOH ANN TOH [SINGAPORE] WINE demand in Asia is slowly bubbling back to pre-crisis levels, presenting opportunities for logistics companies serving this highly-specialised trade. According to JF
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      • 288 44  -  Poh TiongChoen Logistics wants to be cltse to customers, who are mainly from the chemicals sector By, Ann Toh [SINGAPORE] An 80-hectare logistics hub on Singapore's Jurong Island has received its first logistics operator, Poh Tiong Choon Logistics, which announced it will lease
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      • 139 44 [SINGAPORE] British Airways has launched a new £20 million (5155.2 million) e-commerce initiative using an integrated e-commerce platform designed by IBM. Phase one of the initiative features web infrastructure that can accommodate larger volumes of Internet visitors and online bookings, and adds real-time flight arrivals
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      • 287 44 Cnrrent average delivery time is fear days DHL survey [SINGAPORE] One in every five orders made online are delivered later than customers' expectations, a global e-com-merce survey by DHL has revealed. The average delivery time today is four days, but the
        287 words
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    • 631 32 Line* services represented by Members of the Registry of MwiWs of the Accr ®d' t "d Shipping Agents, Singapore Logislics Association S'pore National Shipping Assoc. LILY UNC MALE I VISSIL I VOY lEU Tiu [Ok P. KiAMC SfOtE MAU Empress Lily VO2OO 23/02 21/02 01/03 Princess Lily VO2OO 08/03 09/03
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    • 57 41 '{§> KYOWA LINE STL CONTAINER LINE Direct Breakbulk/Container/LCL For Services To Service to Vietnam Calcutta Manila/Cuam/Saipan M *a/ j/c b Agents: V-Grow Shipping Pte Ltd Mon/Wed/Fn Pg 6 See Page 7 Daily STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL Services To u.nmrT.r-r, EAST MALAYSIA cP.^A PORTS 5.E.
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  • Page 42 Advertisements
    • 87 42 Hir fpi The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated, Shipping Times now features a full page on logistics on Thursday every fortnight with news
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  • Page 43 Advertisements
    • 88 43 Together we create the Masterpiece, oi 'p j*.( 7 M At hieve higher (}uaHty, Lffhiemv, i Q0 prompt Deliver) and Serviee Vi in \our I oxistic s enter >4 LAGOS Worldclass-Solutions: r Warehouse Management System Online Shopping Warehouse-Logistics ()ft/<v on," :t,\: :','r i!' m C2IIB CAIB Asia Pacific Pte Ltd
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    • 36 44 The express company Europe the way to deliver almost anything the we \^ss^r A liakA iMi I X iT offer the up I I ||H J| to Europe, 24-hour DHL* Customer Hotline at 1800-285 8888. FERIT
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