The Business Times, 19 April 2000

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Total Pages: 48
1 48 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asial com.sg/ WEDNESDAY. APRIL 19. 2000
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  • 64 1 HI JMW7J7(+7.7B) ■PVjBT-SBI U 754J7 (+8.41) PI on mans U 272J0 (+3.80) STOCK MARKET DOHCES Tuesday Change KLSEOOMP m» NIKKEI 18J89J2 -».tt HAW SENG SET INDEX -7.83 JAKARTA COUP _52&26 -1.90 MAMLAOOMP >1169 TAIPEI WPI 9J07.m +J1W6 SEOUL COMP 747J9 +98J8 CL8ACHWAB BMJ4 >1179 AUST ALLOW) 3JK* +4U
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  • 75 1 FOBEX SATES uss s$ DSJ 1.700 £(USt/S$ per 1177 1681 EUBOfUSS/SS/E) MM 1.6*9 DM 1067 1822 YEN 104.4 1.629 RM 1866 ***** HKS 7.788 6118 BAOT 87.89 1646 RUPIAH 7,720 6122* •Sfte WQuxtu PRIME RATES SINGAPORE* 5.89 KUALA LUMPUR 7.67 JAIUKA .39.00 BANGKOK 9.60 MANILA _11.00 HONGKONG 8.50 TAIPKI
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  • 824 1  -  iiexclusive Infocom players set to wire up more than 30 commercial buildings by year-end By Andrew Wee,Marissa Chew [SINGAPORE] About 10 per cent of the Central Business District will be broad-band-enabled by this year-end, and the wiring-up is set to speed up as
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  • 234 1 Coroner's Conrt told of 2 bullet casing? in helicopter wreckage Bernama [RAUB, Pahang] An aircraft technician has told a Coroner's Court here that he found two bullet casings while inspecting the wreckage of the Agusta AIO9E Power helicopter that crashed and killed DRB-Hicom chair- man
    Bernama  -  234 words
  • 584 1  -  Investors wary that Dow stocks could go into another tailspin By Ven Sreenivasan [SINGAPORE] Most Asian stock markets rebounded yesterday following a sharp overnight recovery on Wall Street, but volumes were relatively thin as investors waited for further evidence that confidence has
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  • 85 1 AFP, Bloomberg [NEW YORK] US stocks continued their recovery yesterday morning, with the Nasdaq Composite rising 177.87 points to 3,717.03 at noon, and the Dow Industrial jumping 144.81 points to 10,727.32. Investors seemed to have recovered their confidence following the first round of corporate earnings reports.
    AFP,; Bloomberg  -  85 words
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  • NEXT page
    • 582 2  -  It earns top marks for economic restructuring and adaptability Byi Anna Teo [SINGAPORE] Cited for its "extreme resilience" and adaptability, Singapore has again earned top marks in the latest World Competitiveness Yearbook. The (year) 2000 rankings by the Lausanne, Switzerland-based International Institute for
      582 words
    • 523 2 New Economy face of Ong Company Getting Personal What Ong Seng Gee, executive director, Ong Company Agw3o Otelm to Fumc The son of Ong Ttin An, founder of one of Singapore's oldest ttockbroking houses, is the New Economy face of the company. He led Ong Company (OngCo) to set up
      523 words
    • 613 2  -  HE firms nrged to join S'pore or invest on their own in selected enterprises there Fromi Quak Hiang Whai in Hongkong PRIME Minister Goh Chok Tong yesterday urged Hongkong companies to help the recovery process in Indonesia by joining Singapore or investing on their
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    • ON THE grapevine
      • 62 2 OUR sources tell us that Keppel Securities research head Vasu Menon will soon join OCBC Bank as the chief editor of its new e-bank unit, FinatiQ.com. It seems Mr Menon was picked because of his strong presence among retail investors, being credited with successfully converting Keppel
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      • 122 2 SEEMS that some rival bankers are a little gleeful over the latest online share financing facility of United Overseas Bank that offers 100 per cent financing, considering the state the stock market is in. "They must be making margin calls every day," one banker said. According to
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  • Page 2 Advertisements
    • 338 2 KPMGSeminarSeries e-Business: trends and future directions Friday, 12 May 2000,9.00 am to 5.00pm, Orchard Hotel, Level 3, Ballroom The future is e-business. Should you be a leader or a fast follower? Many companies are waiting and watching, uncertain of how to cope with the pace of change. Business leaders accept
      338 words
    • 7 2 S'pore follows Anglo-Saxon model: report, Pg 10
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    • 166 3 For a FREE brochure, fill in and mail or fax this coupon to: Tourism Authority of Thailand, c/o Royal Thai Embassy, 370 Orchard Road Singapore *****0 Tel: (65) 235 7901 Fax: 733 5653 Email: tatsinosingnet.com.sg Nam Age: Tel: Destinations Interested In: WWW.tat.Of.th www.navision.com.sg i Cakes a i Refreshing Way to
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  • SINGAPORE companies
    • 379 3  -  Firm wants human tonch while boosting online services with Maybank tie-up By Siow Li Sen EVEN as FRASER Securities ties up with Maybank to offer online share financing to boost its share of Net-sawy customers, it also wants to double its remisier base.
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    • 395 3  -  By Marissa Chew OPH-POlnT.ic, an incubation centre officially opened yesterday at Eunos, has signed up three companies to provide its tenants with expertise ranging from software to management and legal advice. The owners are Far East Organization, its listed subsidiary Orchard Parade Holdings,
      395 words
    • 525 6  - OCBC launches e-bank finatiq is the name E-bank will sell nnit trusts, pay 2* interest on investment account By\ Ling Su Ann OCBC Bank yesterday officially launched its e-bank, finatiq, which will sell thirdparty unit trusts and pay out 2 per cent interest on its investment account. The interest payment
      SiEW YAW HOONG  -  525 words
    • 669 6  -  locksiew siow li sen OCBC Bank's 1999 annual report sent out to shareholders last week was pretty startling, as annual reports go. Snappy and smart, it comes in a metallic ring binder in what seems to be the latest fashion colour if the current fad
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    • 302 6  -  Focus now is on more Net services for existing operations ity Ling Su Ann UNITED Overseas Bank (UOB) is leaving open the option for a standalone e-bank, focusing at the moment instead on adding more Internet services to existing banking operations in Singapore and
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    • 149 6  -  Andrew Wee HOMEGROWN Aretae Interactive Pte Ltd, an Internet business builder, has received in-principle approval for a Singapore Exchange (SGX) main board listing, its senior officials said yesterday. Aretae provides strategic consulting, Internet business solution and application hosting services. Its clients include Pidemco Land,
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    • 162 6  -  By* Andrew Wee GROWASIA.COM, which counts investment bank Crosby Group, Overseas Union Bank (OUB) and GK Goh Holdings among its shareholders, expects to process up to US$l billion <Ssl.7 billion) in transactions in its first year, said the company's chairman yesterday. Launched yesterday,
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    • 162 6  -  By Tay Shi'an SHARKSFIN specialty chain Thai Village Holdings yesterday launched its initial public offer (IPO) of 23 million shares at 20 cents each for a listing on Sesdaq. Of the amount, 4.6 million shares are offered to the public and 18.4 million shares
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  • MARKET jitters
    • 722 4  -  But it will be hit if there is a fundamental change in the US economy From Meera Tharmaratnam in Hongkong ASIA will bear up well even if the US stock market heads towards a sharper correction so long as it does not lead
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    • 696 4 FT [LONDON] Investors have been here before. There were sharp declines in share prices in October 1997 and in the late summer of 1998 and the markets quickly recovered. So there were few signs of alarm on Monday, especially as Wall
      FT; AP  -  696 words
    • 625 4 Asian governments risk sending wrong signals to investors, say economists Reuters, AFP [TOKYO] Asian governments are falling back into bad habits, debating whether to prop up stock prices in defiance of Western policymakers' insistence that the region must rely for its recovery on
      Reuters,; AFP  -  625 words
    • 566 4  -  Electronics index up 4% as analysts forecast stronger H2 for the industry From Macabe Keliher in Ta ipei TAIWAN DRAM stocks have been leading the main bourse over the past two days as chip spot prices rise and investors ignore signs of a
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    • 608 6 s SINGAPORE LAND LIMITED SINGAPORE LAND LIMITED (Incorporated in the Republic of Singapore) ISSUE OF 68,771,089 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR 68,771,089 NEW ORDINARY SHARES OF $1.00 EACH ("NEW SHARES") IN THE CAPITAL OF SINGAPORE LAND LIMITED (THE "COMPANY") AT $2.20 PER NEW SHARE TO BE OFFERED TO SHAREHOLDERS OF
      608 words
    • 310 6 F^KW^ERHOUsBQOPERS3 With Value Added Taxes (VAT), or Goods Services Tax (GST) now collected in over 130 countries, VAT is a major issue for international companies and any organisation carrying out cross-border transactions. Failure to understand the principles and practice of VAT in different tax regimes will adversely affect a company's
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    • 111 7 S Br.- m I Business Centre I www.pacfusion.com I With Business Centre you can post your company's press releases, announcements and latebreaking news just as fast as you can write them. You can also do it for free! No matter what business industry you're in, Business Centre provides you with
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  • SINGAPORE markets
    • 452 8 Stocta Votam OnoAsia 10c 14,761.000 AkOcMn5c 14,017,000 VickaraCapM25c 12.700,000 SingTel 15c 12,587,000 STEngg 10c 10,482,000 QESWIUd20c 9,456,000 MadaRlne 10c 8,842,000 HKLandllSIOc 7,732,000 JurongT«ch 10c 7,106,000 TACBt***** 7,104,200 *o*a PadflcCantury 58,007,166 Chart SamConductor 26c 52,246,032 OBSOrp 44,020,838 U08 35,332,110 DatacnAIOc 32,788,878 TACBt***** 32,731,517 0C8C 31,278,100 SingTai15c 29,914,285 StA 28,466,642 NatElaclOc 26,607,460
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    • 583 8  -  I-i i comment STOCKS r.sivanithy Although wall Street staged a halfdecent comeback on Monday, it looks like investors here were not convinced that the rebound could go all the way. Thus while the Straits Times Index first shot up 69 points
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    • 209 8  -  WARRANT WATCH By R Sivanithy SPEAK to brokers and you hear mostly that the jury is still out on the New Economy. But not a few still feel that tech stocks will bounce back; the only question is when and which
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    • 246 8  -  HOT STOCK By' Wong Wei Kong SHARES of electronics contract manufacturer PCI Ltd rose yesterday and finished as one of the session's most active stocks. PCI shares closed up four cents or 3.3 per cent at $1.25. The stock opened at $1.28 and hit
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    • 147 8 GREAT Eastern Holdings has proposed the sab-division of each ordinary share of $1.00 in the capital of the company into two ordinary shares of $0.50 each. HERSING Corp will be trading ex-dividend (first and final dividend of one cent) on Apr 24. Last day for buying-in on a
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    • 34 8 Looking for a forum to talk stocks? Chatline is the place to be Find us at http //iol dbs com sg/ 83 DBS BANK Larry Wee's enrreneles column appears en Page 32 nnd Oil.
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  • SINGAPORE news
    • 435 9  -  w Teh Hooi Ling INFORMATION technology service provider Cap Gemini has teamed up with partners like Cisco, Nokia, Oracle and Sun Microsystems to set up a global Wireless Internet Centre (WIC). The partners will pump some $30 million into the centre over the
      SIEW YAW HOONG  -  435 words
    • 443 9  -  Unlike most dotcoms, Creation Street has a profit target By' Teh Hooi Ling UNLIKE most dotcoms, Asia Pacific Creation a start-up formed by Tan Tong Hai, former head of Star Hub Internet has a profit target. The company expects its home improvement portal,
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    • 310 9  -  Sing Tel will pnt in USs4om, Star Hob will spend USs3om Ity Teh Hooi Ling THE new US$l.O6 billion (Ssl.B billion) high-capacity submarine cable linking eight Asian economies has attracted an overwhelming 40-over investors. Singapore Telecom, one of the founding members
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    • 449 10 I T d =1 on the economy trade AFXAsia SINGAPORE'S non-oil domestic exports in March are likely to have grown 19 per cent to 22 per cent year-on-year, up from growth of 18.8 per cent in February, backed by continued vibrant electronics
      AFX- Asia  -  449 words
    • 516 10  -  T7T exclusive I They cite need to clarify tax, licensing and banking rules Reports from Audrey Tan in Hanoi SINGAPORE businessmen in Vietnam would like to see the pace of reforms quickened, to improve both the business environment and investment climate, an association of Singaporean
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    • 315 10 ASEAN countries will derive more benefits from the Asean Free Trade Area (Afta), if they integrate faster into it, Deputy Prime Minister Lee Hsien Loong said to Vietnam Prime Minister Phan Van Khai yesterday. "The faster a country is ready to
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    • 325 10  -  By\ Eugene Low ANCHORVILLE, a joint venture company set up by Singapore Power, ST Marine and Aqua Gen International, will bid for a contract to supply some 20 million gallons per day (mgd) of desalinated water to the Public Utilities
      CHUA CHIN HON/ST  -  325 words
    • 200 10 SINGAPORE Power (SP) yesterday launched its US$3OO million (Ssslo million) bond issue, which was priced to yield 94 basis points higher than comparable US government treasury bonds. The five-year bonds, given a triple-A rating by Standard Poor's, pay an annual coupon of 7.25 per cent
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    • 214 10  -  By, Anna Teo SINGAPORE is an example of the Anglo-Saxon behavioural model of society characterised by deregulation, labour flexibility and risk-taking, according to the 2000 World Competitiveness Yearbook. This model of society one of three identified in the report is marked by privatisation and "a
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    • 738 10  -  Fong Yong Kian Director (Taxation) for Permanent Secretary Ministry of Finance WE refer to Chay Yee Meng's article in the Mar 29 issue of The Business Times titled "Give S'poreans abroad tax perks, not penalties". Mr Chay gave the impression that being a tax resident
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  • Page 10 Advertisements
    • 364 10 e-Business.. .What's P the buzz fuss? You've heard about it! You've talked about it! So what you gonna do about it? In the e-economy business environment, information technology and the functionality of business software systems will play an increasingly important role. Business process integration throughout the supply chain will become
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  • e News
    • 553 12 LONDON With USslb capital, it will target retail customers outside US Reuters, Bloomberg INTERNATIONAL banking group HSBC Holdings and US investment bank Merrill Lynch Co Inc said yesterday they were teaming up to form a global online banking and investment services company. The two
      Reuters,; Bloomberg  -  553 words
    • 434 12 TAIPEI Reuters, Bloomberg TAIWAN began trading of Internet startups and smallcapital firms yesterday in a newly created board under the over-the-counter market, with all three stocks enjoying a honeymoon period in the form of a price rally. "Today was a very good
      Reuters,; Bloomberg; AFP  -  434 words
    • 297 12 BEIJING But analysts say this may hamper planned listing of state firms Reuters CHINA plans to set up second boards for technology companies as soon as possible, top market regulator Zhou Xiaochuan was quoted as saying yesterday. "When legal conditions
      Reuters  -  297 words
    • 375 12  -  SINGAPORE By Joyce Koh COMMUNICATIONS via the Internet might be encroaching on traditional face-to-face interaction with loved ones, according to survey results released by MasterCard International yesterday. When polled on the impact of the Net on their interpersonal relationships, 85 per cent of
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    • e Briefs
      • 83 12 Reuters [HONGKONG] Stock House Media Corporation, a global provider of online financial content, said yesterday that the SCMP.com, the Internet arm of the South China Morning Post newspaper, had agreed to acquire a 5.45 per cent stake in Stock House. "We are very pleased to
        Reuters  -  83 words
      • 90 12 Bloomberg [TOKYO] Yahoo! Japan Corps profit soared six-fold as it continued to see an expansion in advertising revenue from a growing number of Japanese companies marketing themselves on line. Parent net income at the Japanese unit of Internet search engine and services company Yahoo! rose
        Bloomberg  -  90 words
      • 87 12 Reuters [SEATTLE] Go2Net Inc on Monday posted second-quarter profits that blew away Wall Street estimates, with revenues quadrupling as the Web site network signed up more advertisers and attracted more buyers for its Internet business technologies. Go2Net said pro forma profits for the three months ended March
        Reuters  -  87 words
      • 78 12 Reuters [NEW YORK] Doubleclick Inc yesterday posted an operating loss erf 11 US cents a share in the first quarter, in line with expectations. The New York-based company's revenues nearly tripled, reflecting the increasing use of the Internet as an advertising vehicle. The company reported an
        Reuters  -  78 words
    • 1097 13  -  FAST hi I exclusive Americans discover gems of Asian arts and crafts in this online store Byi Andrew Wee [SINGAPORE] A PAIR of young entrepreneurs have added an oriental touch to online selling by hawking Asian arts and crafts and clothing to Americans on the
      ARTHUR LEE  -  1,097 words
    • 369 13  -  SINGAPORE By, Jane Cheong IT appears that Nasdaq's crash last week has not dampened the IPO hopes of at least one Internet startup. Asiatravelmart.com, set up in June 1998, said yesterday it is going ahead with its plans for a Nasdaq listing
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  • Page 12 Advertisements
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    • 19 12 Locate its owner through Classification 821 (Found). Simply call CJL.T.S. at 1800-737-1166 for this free service. Another Classified Service
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    • 51 12 Full professional after sales service provided. For a FREE copy of our 100 page colour brochure or to arrange a complimentary consultation contact: Ms Florence Nathan, General Manager OVERSEAS COMPANY REGISTRATION AGENTS (ASIA) PTE LTD 26-04 CLIFFORD CENTRE, 24 RAFFLES PLACE. SINGAPORE *****1 E-mail: ocrasingOsingnet.com.sg TEL: (65) *****82 FAX: (65)
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  • Page 13 Advertisements
    • 101 13 UOB Cyberbank shines even brighter with Sun Microsystems. United Overseas Bank is proud to announce that Sun Microsystems is now the strategic Internet technology provider I I I I f° r UOB Cyberbank. What does this initiative mean to you, our Cyberbank customers? Simply that with Sun's JaIL microsystems I
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  • EDITORIAL & opinion
    • 746 14  -  HTTT^ bottom line OPINION shada islam The writer is a Brussels-based journalist who contributes to BT IT took months of difficult internal debate to hammer out but European Union (EU) governments have finally come up with a twopronged diplomatic formula which they hope
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    • 149 14 The typical risk taker will say, 'Oh, that is nice, the Fed will bail us out'.' -David Jams chief economist at Aubrey G Lanston, a Wall Street bond firm, on what would happen if the US Federal Reserve either refrains from raising interest rates or cuts rates
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    • 614 14 EDITORIAL THE rumour mills in Jakarta have been working overtime these past few weeks as the word is out that Indonesian President Abdurrahman Wahid intends to overhaul his economic team, possibly in the coming days. But beneath the surface talk of shifting political alliances and
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    • 830 14  -  Money-losing Internet retailers, like Peapod, have been scrambling for fnnding lifebuoys By Leslie Kaufman NYT AFTER weeks of battering in the stock market, many e-commerce companies drained of cash and unable to recapture investor interest are rushing around in search of
      NYT  -  830 words
    • 1064 14 Wall St's yo-yo FRIDAY'S largest-ever point loss on the Nasdaq market was followed on Monday by the largest-ever point gain putting to rest, for now, fears of a meltdown on Wall Street. No one could know before trading started on Monday whether stocks would continue to
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  • MALAYSIA news
    • 570 15 KUALA LUMPUR Malaysia's GDP will grow 6%, inflation will rise to 3.4%, bnt currency peg will stay, think-tank says Reuters MALAYSIA'S leading economic think tank yesterday maintained its forecast of 6 per cent growth for 2000, saying resurgent domestic demand will nudge up inflation but
      Reuters  -  570 words
    • MARKET moves
      • 107 15 BRITISH American Tobacco (BAT) surged RM1.25 to RM29.50 following the release of a sterling set of earnings for the quarter ended March 2000, thanks to better margins and the acquisition of the tobacco business from Malaysian Tobacco Company (MTC) last year. Sentiment was also buoyed by
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      • 63 15 MALAYSIAN Tobacco Company (MTC) continued to languish following the sale of its tobacco business to British American Tobacco for over RM7OO million (Ss3l3 million) last year. MTC shed four sen to RM4.10 yesterday, a far cry from its peak of over RM6. Investors started dumping MTC when
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      • 71 15  -  Compiled by Eddie Toh TA Enterprise the owner of one of the largest brokerages in Malaysia hogged the limelight yesterday on news that it has acquired TA Dotcom for a nominal RM2. Despite the renewed interest, the counter eased five sen to RM1.55. TA did not
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    • 216 15 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohammad slammed foreign fund managers for their calls to revise the ringgit peg upwards, dismissing them as ignorant, the national Bernama agency said late on Monday. "I don't think they know what they are talking
      Reuters; FILE PHOTO  -  216 words
    • 179 15 KUALA LUMPUR AFP CHINA Press Bhd and Nanyang Siang Pau Sdn Bhd, publishers of China Press and Nanyang Siang Pau, have sued Pemandangan Sinar Sdn Bhd, the publisher of Sin Chew Jit Poh, for alleged libel, The Sun daily reported yesterday. The two publishers
      AFP  -  179 words
    • 404 15 PhileoAllied's services currently Intranet-based Reuters [KUALA LUMPUR] A cy-ber-savvy Malaysian bank unveiled a new service yesterday which rewards depositors for doing their banking online and punishes them for going to bank branches. Customers who open accounts at PhileoAllied Bank's eone.com.my site will be offered
      Reuters  -  404 words
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  • SOUTH east asia
    • 453 16 BANGKOK Company wants to pay off US$25O million in debt which falls dne this year Reuters THAI mobile phone operator Total Access Communications will issue at least US$55O million (*****.7 million) in domestic bonds this year to refinance its debt, the chief executive
      Reuters  -  453 words
    • 451 16 MANILA It's Philippine brewer's largest bny in two years Bloomberg SAN Miguel Corp, the Philippines' biggest brewer, offered to buy Australian brewer J Boag Sons for As 92 million (5593.8 million), in a bid to expand its overseas operations and bolster its
      Bloomberg  -  451 words
    • 292 16 JAKARTA Reuters FORMER Indonesian president Suharto's eldest daughter was questioned for six hours yesterday by Indonesian investigators conducting a corruption probe against her disgraced father. The questioning was held at the attorney general's office, which is spearheading the investigation of alleged corruption at
      Reuters; AFP  -  292 words
    • 394 17 JAKARTA Bnt it warns that farther delays will be punished by the financial markets Reuters THE International Monetary Fund (IMF), investing billions of dollars in Indonesia's recovery, yesterday said it was confident the government would put the economy back on track but warned that
      Reuters; FILE PHOTO  -  394 words
    • 296 17 MANILA Profit boosted by sale of stake in 2 banks, cement firm Bloomberg DIVERSIFIED food, property and telecommunications group JG Summit Holdings Inc said profit last year surged almost five-fold, boosted by sales of stakes in two banks and a cement company and by
      Bloomberg  -  296 words
    • 379 17 JAKARTA Reuters ASIAN rubber traders yesterday said it was too soon to gauge how plans by six global tyre and rubber suppliers to establish an electronic marketplace for the commodity would affect the physical market. Other factors making it difficult to assess the
      Reuters  -  379 words
    • ASIA Notes
      • 84 17 Bloomberg [MANILA] Equitable PC! Bank, the Philippines' third-largest bank by assets, said it may sell more assets later tills year, including some of its four savings banks, to reduce overlapping businesses. The bank, which is completing the integration of its operations arising from the
        Bloomberg  -  84 words
      • 97 17 AFP [BANGKOK] Thailand's Cabinet yesterday gave Krung Thai Bank the go-ahead to set up an asset management company for US$l4 billion (5523.8 billion) in non-performing loans (NPLs). Under the plan, drawn up by the finance ministry, Krung Thai will transfer 587 billion baht
        AFP  -  97 words
      • 67 17 AFX-Asia [JAKARTA] Indonesian Bank Restructuring Agency (Ibra) deputy chairman Jerry Ng said PT Bank Danamon will absorb 10-15 per cent of the 10,400 employees of eight other banks to be merged with Danamon. He said the legal aspects of the merger are scheduled
        AFX-Asia  -  67 words
      • 69 17 Bloomberg (JAKARTA] PT Astra Graphia, an information technology unit of Indonesia's biggest carmaker PT Astra International, said it returned to profit last year helped by foreign exchange gains. The company recorded a profit of 50.2 billion rupiah (Sill million), or 384 rupiah a share,
        Bloomberg  -  69 words
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  • Page 17 Advertisements
    • 89 17 iV hJL J. IK if K II JWF W wi -JO EL TV; IK t lr familiar. Overseas, however, it may be only her literary style that's as well known. Which is why Catherine carries the American Express® Card. assured of instant recognition wherever her talents take her. Why not
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  • EAST asia
    • 521 18  -  Taiwan's No 2 wafer producer denies new wafer fab breached environmental protection regulations From Macabe Keliher in Taipei INVESTORS have ignored fears that the Environmental Protection Agency could shut down a manufacturing plant of Taiwan's second largest wafer producer, United Microelectronics Corp (UMC), and
      521 words
    • 442 18 BEIJING First quarterly rise since Q*****; March prices fall 0.2% Bloomberg, AFP CHINESE consumer prices rose in the first three months of the year as the economy grew faster than expected, and may keep increasing for the rest of the year, the government
      Bloomberg,; AFP  -  442 words
    • 270 18 M BEIJING Reuters CHINA is considering letting domestic insurers set up asset management firms and mutual fund management companies, the Beijing Economic Daily said yesterday. The newspaper quoted an official at the State Development Planning Commission as saying the government was also studying
      Reuters  -  270 words
    • Article, Illustration
      46 18 [BEIJING] The 618 metre long Great Tangka scroll being prepared for exhibition at the Museum of the Chinese Revolution in Beijing yesterday. The Tangka, a large-sized scroll, is certified to be the largest of its kind by the Guinness Book of World Records. AP
      AP  -  46 words
    • 288 18 WASHINGTON House Democratic leader's stand a setback for Clinton NYT IN a setback for the Clinton administration, House Democratic leader Dick Gephardt intends to oppose granting China permanent normal trading privileges, according to several people familiar with his decision. For months, Mr Gephardt has
      NYT  -  288 words
  • Page 18 Advertisements
    • 219 18 I Q Why is your company taking part in the Big Walk 2000? £*jr r o fill J B "«w#*k v I I f ip# .-> g< -J I J||b T> ---^1 wvwm v, fcf rj B ~v J B 1^? _x f!x w" ft WW J T J^B IB.:
      219 words

  • SOUTH asia
    • 521 19 BOMBAY Over 100 IT firms aiming to raise 50b rupees are among EPOs in the pipeline Reuters A TUMBLE in Indian shares, spooked by the carnage in world markets, is likely to squeeze a busy programme of planned Initial
      Reuters; AP  -  521 words
    • 136 19 BOMBAY AFX-Asia BOMBAY Stock Exchange president Anand Rathi said Indian markets will gradually delink themselves from Nasdaq. Speaking to reporters at a news conference, Mr Rathi said: "The delinking will happen as most of our companies listed here have a strong bottom line unlike
      AFX-Asia  -  136 words
    • 279 19 WASHINGTON Bloomberg PAKISTAN expects a new loan from the International Monetary Fund within the next two months, aiding its Budget process and prospects for needed foreign investment, said Finance Minister Shaukat Aziz. Pakistan and the IMF must still finish their negotiations, but
      Bloomberg  -  279 words
  • Page 19 Advertisements
    • 10 19 tk pllanhe Zaobao BEEM fit* Should govt loosen rules ML
      10 words
    • 149 19 They have made their mark on world trade. Asia Pacific Breweries, Bax Global, Borealis Singapore, Cerebos Pacific, Creative Technology, Hewlett-Packard Singapore, Informatics Holdings, Keppel FELS, Maersk Singapore, Salcon, ST Logistics, TT Importers Exporters, Texas Instruments Singapore, Toepfer International-Asia and Venture Manufacturing. Are you ready to make yours? ,o«*' Tt v
      149 words

  • WORLD news
    • 566 20 WELLINGTON But first, Air NZ most get Australia's nod to make Ansett a full subsidiary Reuters SINGAPORE Airlines' move for a quarter ownership of Air New Zealand is closer to being sealed now that SIA has won New
      Reuters; FILE PHOTO  -  566 words
    • 363 20 SYDNEY DISCOUNT carrier Virgin Australia said yesterday talks with Singapore Airlines about a joint arrangement were over for the time being. Virgin Australia chief executive Brett Godfrey said although he had previously held substantive talks with the Singapore carrier, there had been no
      363 words
    • 440 20  -  From D Ravi Kanth in Geneva CHINA torpedoed a US move to censure its human rights performance yesterday after Beijing mobilised support, largely from Asian and African countries to adopt a no-action motion against the draft US resolution. The resolution said China's human
      440 words
    • 369 20  -  From Shada Islam in Brussels ASIA and the European Union must join forces to crack down on cybercrime as part of a new era of region-to-region security cooperation, the EU Commission said yesterday. Asia and Europe should also share their experiences
      369 words
    • 578 20 NEW YORK While vigilance is necessary, tough action by the Fed is not, they say Reuters, Bloomberg AFTER years of waiting in the wings while America's economy expanded at a breakneck pace, inflation may be returning to centrestage, several Federal
      Reuters,; Bloomberg  -  578 words
    • WORLD Watch
      • 55 20 Reuters [LONDON] Britain's Standard Chartered Bank is in final negotiations to buy ANZ Grindlays Bank from Australia and New Zealand Banking Group Ltd, industry sources said yesterday. "They are cloee to it (a deal)," one source told Reuters. Analysts have suggested a price tag of
        Reuters  -  55 words
      • 74 20 Reuters [DALLAS] Texas Instruments Inc's shares fell as much as 7 per cent a day after the biggest maker of semiconductors for cellular phones reported slower sales growth. The shares fell US$lO to US$lBB in midmorning trading yesterday, after touching US$l3B Vfc. The stock had gained
        Reuters  -  74 words
      • 53 20 AFP [HAMBURG] Dresdner Bank, which recently pulled out of a headline-hitting merger with Deutsche Bank, plans to cut 4,ooojobs in its retail hanking operations, the weekly newspaper Die Zeit said in an article to be published tomorrow. A Dresdner spokesman dismissed the report as
        AFP  -  53 words
      • 56 20 Reuters [NEW BRUNSWICK, New Jersey] Johnson Johnson yesterday said its first-quarter profit jumped nearly 16 per cent, bolstered by growing pharmaceuticals sales. It posted net earnings of US$l.3l billion (552.2 billion), or 83 cents per diluted share, beating forecasts by two cents. Revenues rose
        Reuters  -  56 words
      • 70 20 Reuters [NEW YORK] Pfizer Inc yesterday said its first-quarter operating earnings jumped 33 per cent, helped by growing sales of its drugs. The No 2 US drugmaker, which makes anti-impotence drug Viagra and hypertension medicine Norvasc, said operating profits, excluding one-time items, rose to US$l.OB
        Reuters  -  70 words
      • 84 20 Bloomberg [WESTWOOD, Kansas] Sprint Corp, which is being bought by MCI World Com, said first-quarter profit rose 2.5 per cent, as customers chose its cut-rate long-distance and wireless calling plans. Profit from continuing operations rose to US$445 million (***** million), or 50 cents a
        Bloomberg  -  84 words
      • 58 20 Reuters [ATLANTA] Coca-Cola Co yesterday reported unexpectedly better first-quarter results as conditions in its businesses strengthened during the last part of March. Before a write-down and other non-recurring items, Coca-Cola earned 32 cents a share in the first quarter of2ooo. Wall Street analysts had predicted
        Reuters  -  58 words
    • 473 21 SEATTLE Dozens of high-level employees are being given np to 200,000 shares, extra leave LAT-WP MICROSOFT Corp management, concerned about the exodus of top talent to Internet startups and the sharp drop in its stock price, is quietly doling out large stock-option
      LAT-WP  -  473 words
    • 532 21 NEW YORK New version of Pocket PC seen as an acceptable alternative NYT WITH impressive new software for handheld computers, Microsoft will today mount what industry analysts regard as its first serious challenge to Palm Inc, the leader in
      NYT  -  532 words
    • 516 21 NEW YORK AP ON Dec 7, 1978, the entire workforce of Microsoft Corp got together for a group photo prior to moving the company from Albuquerque, New Mexico, to the Seattle area. Of those 11 people, only one chairman Bill Gates is still with
      AP; MICROSOFT  -  516 words
  • Page 20 Advertisements
    • 706 20 I NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 I IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50) ANO IN THE MATTER OF CHANG AIK HONG CO (PTE) UMfTED (Incorporated in the Ropuo&c of Singapore) (In UyHltn) Monbon' Voluntary WindbigUp At on Extraordinary General Mooting of
      706 words
    • 329 20 IN THC MATTER Of THE COMPANIES ACT (CHAPTER 50| AND IN THE MATTER Of ASIAN BUSINESS CREATIONS PTE LTD |hwpoiu»d in lite Ropufait of Singapore) (In UfdMa*) Mmhbin' Voluntary Winding Up At an Extnxxdmary General Moating of Members of Aston Busineu Creations No Ltd convened and hold at No 1
      329 words

  • Page 21 Advertisements
    • 183 21 fl |^HR jJlaHSHfifeHI KncH 'VV- r-Vf /V;:^ Espresso to Milano. Now you can espresso to Milano with Emirates, 3 times a week. On board our latest wide-bodied aircraft, you'll experience warm friendly service, gourmet cuisine and up to 40 channels of personal audio and video entertainment. Business Class passengers can
      183 words

  • Page 22 Advertisements
    • 2317 22 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Company for Joint Venture We invite Singapore based blasting and coating companies, to invest and manage in a company holding 100% foreign investor licence, running profitably for the last 3 years complete with machinery, manpower and on-going work
      2,317 words
    • 637 22 NOTICE IS HEREBY GIVEN that I, HOONTUAT JOCK of Blk 305 Ang Mo KioAve 1 *05-1151 Singapore *****5, have applied for a Retail Liquor Shop Licence in respect of M/s Tony's Sun Food Beverage Catering located at 3 Temasek Boulevard *01-KO9 Suntec City Mall. Singapore *****3, and that this application
      637 words

  • FINANCE & commodities
    • 220 23  -  SGX Derivatives Trading/fejoorte MS& Singapore Index Daphne Tay, Jar dine Fleming THE Singapore stockmarket yesterday opened on a strong note but closed marginally higher as it failed to hold on to its early gains. Investors remained cautious and sentiment fragile despite the
      220 words
    • 288 23  -  MSCI Taiwan fatores Chan Yet San Refco Singapore THE Taiwan stock market rose for the second day following a big rebound on the Nasdaq market overnight. The Taiwan Stock Exchange Weighted Price Index rose 313.35 points or 3.5 per cent to 9,307.03 points
      288 words
    • 194 23 ENERGY REPORT Reuters [LONDON] World oil prices pushed higher yesterday, lifted by firmer markets in refined products and expectations of swelling demand for crude in coming weeks. Benchmark Brent crude was trading 32 US cents stronger at U5523.06 a barrel after touching an early
      Reuters  -  194 words
    • 335 23 Reuters liondon THE euro was trapped within around one per cent of record lows against the US dollar and the yen early yesterday, undermined by a fall in the German Ifo survey and by a better tone for the US currency from the recovery in stocks. The closely-watched
      Reuters  -  335 words
    • Article, Illustration
      1256 23 MTBRBAMECPBEEMCT RATES 4pm, Apr is Against S$ Against US$ Against S$ Against US$ Cwt»i>cI(s (War BM Offer Curranclas Bid Qfftr 8w Qfftr St'USt to one unit of foreign currency: SttSS to 100 unit* of foreign currency: Aujtralia* doHar ***** 1.00(6 0.5921 0.5931 24 "J 2 24 53 CMMliin datUr *****
      1,256 words
    • 1838 23 8I00MPUT0RBS Apr 18 RU68CR (Mures ctataq at SJOpm) RSS1 CONTRACT(S ewbAq) CtoM VotaM OpM Moatt High Law Sett (towm) Merest May 00 116.75 JM 00 119 JO 600 JotUW ***** 200 **00 123.50 200 RSS 3 CONTRACT (UScwtsAfl) VotaM OpM Hoatk High Lam Sett (touMS) Interest May 00 68.00 67j00
      1,838 words

  • STOCKS east asia
    • 2696 24 HONGKONG AFP flHanfiSeng +515J6 HONGKONG shares surged 3.5 per cent in a technical rebound yesterday, after Wall Street bounced back from last week's meltdown, dealers said. "With no special news in Hongkong, the market is undergoing a technical rebound, following overnight gains on Wall
      AFP  -  2,696 words
    • Article, Illustration
      893 24 Reuters PShnkaßMrn *KM CHINA'S stocks staged a mild technical rebound yesterday, one day after plunges on Asian bourses dragged them down. A recovery in Hongkong shares also helped give local investors temporary relief from worries of a global market crash, triggered by sharp falls on Wall Street last week,
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  893 words
    • 353 24 AFP QWPbfax ****** TAIWAN share prices closed 3.5 per cent higher yesterday, buoyed by a rebound on Wall Street, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 313.35 points to 9,307.03, following a 1.4 per cent rise in the previous session. "Today's rise was inspired by the
      AFP  -  353 words
    • 1960 24 TOKYO AFP Nikkei 285 -MIU TOKYO'S key Nikkei stock index fell 0.2 per cent yesterday as selling ahead of its revamping offset gains prompted by Wall Street's strong rebound, brokers said. The Nikkei 225 Average dipped 39.12 points to end at 18,969.52, extending Monday's
      AFP  -  1,960 words
  • Page 24 Advertisements

  • STOCKS klse
    • 9033 25 MOUSTMALS ContMMtr products 2000 List Vol D«V C* Mm. Low CI—my m -000 M» U» P/t w 420 310 Ajlnomoto 358 unch 2 360 358 22.7 145.1 158 91 >nqk«i 99 -0.5 113 104 99 144.0 670 290 Apollo Food HK| 480 79 510 476 fl.4 192.0 3000 2700 BATSOc
      9,033 words
    • 433 25 AFP n Composite Index +SL93 MALAYSIAN shares closed up 0.7 per cent yesterday on a rebound spurred by Wall Street's overnight rise but were weU off earlier highs in cautious trade, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose
      AFP  -  433 words
  • Page 25 Advertisements

  • SGX clob & regional stocks
    • 3246 26 BONDS WARRANTS Apr 18 m Ms m fapbr l-l w UlWi.ll M| MCa» (n> Mk MM La> Mm c«w Mi *r rail La* *■*•> Mn hta MM MK Mm m tak|I UN 80 18 s 3164 »cmj W*****4 19 unch 85 19.5 19 16 19 20 41.0 I 300 161
      3,246 words
    • Article, Illustration
      760 26 AFP D SET Mai -7.C THAI stocks fell 1.9 per cent yesterday after a rally on the back of Wall Street's overnight gains fizzled when prof-it-takers emerged in the late afternoon, dealers said. The Stock Exchange of Thailand (SET) Index slipped 7.63 points to 385.25 while the select SET
      AFP  -  760 words
    • 291 26 AFP F1 Composite fader +10-59 PHILIPPINE share prices rose 0.7 per cent yesterday after US markets rebounded but profit-taking limited the day's gains. The Philippine Stock Exchange Composite Index closed 10.59 points higher at 1,648.13. Volume fell to 2.67 billion shares worth 1.44 billion pesos. AFP f* NW *t-
      AFP  -  291 words
    • Article, Illustration
      673 26 AFX-Asia QCmpaate Index -LOO JAKARTA share prices closed lower in volatile trade, erasing early gains made in a modest rebound following Monday's sharp losses as Standard Poor's forex rating downgrade undercut already cautious sentiment, dealers said. The Composite Index closed down one point or 0.19 per cent at 528.26,
      AFX-Asia  -  673 words
    • 268 26 AFP PmSE-40 +2L23 NEW Zealand's stock market yesterday rose 1.1 per cent after Wall Street's rebound to make a partial recovery. The NZSE-40 Capital Index closed up 21.23 points at 1,995.01. Turnover yesterday was light at NZ$BO.5 million. rw>) Advantage HOS 3.40 0.20 515 Air NZ A 1.92 0.02
      AFP  -  268 words
    • 552 26 AFP P All Primaries *€15 FOLLOWING big gains on Wall Street overnight, the Australian Stock Exchange's key All Ordinaries Index surged more than 80 points in early trading before closing 66.5 points up at 2,986.5. The SP/ASX2OO Index closed 66.4 points up at 3,010.3 while the All Industrials Index
      AFP  -  552 words
    • 291 26 AFP FlOwnpositg Index +3IJM THE Korea Stock Exchange Composite Index closed up 39.58 points at 747.30. Volume was 270 million shares, worth 3.2 trillion won. AFP *F» Anam Stmt ***** 1150 Brain Toch 12W 95 Cantral Bank 2125 0 CMCewn *****0 -500 OMCuBM 2260 50 DMwnqCorp 2320 90 Daewoo
      AFP  -  291 words
  • Page 26 Advertisements

  • 9357 27 SGX MAXMBOARD Transaction date: Apr 18 Or Or mm 32-Wk Laat V« Oay Laat Ouol. otv Dtv YM Nat Cap Avg Mmi Law um -1 "II II Ml COOOI HL— t*»m Cw W tJi W MULTHNDUSTRY 182 88 m c 1000 Acma SOe 122 Cd -5 166 127
    9,357 words
  • Page 27 Advertisements
    • 54 27 jjjjjjjjjJjjjjjjM For further information, call Somerset Residences on (65) 272 7272. I 8 Shenton Way, #13-01 Temasek Tower, Singapore *****1 Website: www.somerset.com DC C T P M P C I i Auckland Bangkok Beijing Guangzhou Hanoi •Ho Chi Minh City Jakarta Kuala Lumpur Kuching London Shanghai Singapore Surabaya Sydney Tianjin
      54 words

  • Page 28 Advertisements
    • 36 28 eei X misi EEI-X Limited An e-commerce project led by GP eßiz Limited and GPE Industries Limited Member Gold Peak Group Bangkok Beijing Guangzhou Hong Kong Jakarta Kuala Lumpur Manila Seoul Shanghai Shenzhen Singapore Taipei Tokyo
      36 words

  • EXEC lifestyle
    • 449 29  -  Art Singapore 2000 will show range of visual art, reports fzojcza tap FELICIA YAP CONTEMPORARY South-east Asian artists will be given a well-deserved voice in September at Art Singapore 2000 the first international art exhibition with a focus on contemporary art from South-east
      FILE PHOTO  -  449 words
    • 1268 30 John Burgess Associates staff take time to enjoy nature even as they take care of their clients who are playing golf Contributed by JBA ONE of the most satisfying payoffs of running the Ericsson Corporate Golf Tour Asia is that the JBA (John Burgess Associates) team
      Contributed by JBA  -  1,268 words
  • Page 29 Advertisements
    • 123 29 Lucent Technologies (S) Pte Ltd congratulates V RADIjL N C E Communications for achieving PREMIER Business Partner Status in the Business Partner Accreditation Program H"We congratulate Radiance Communications Pte Ltd for achieving Premier Business Partner status in Lucent Technologies' Business Partner Accreditation Program. This is a significant milestone for both
      123 words

  • Page 30 Advertisements
    • 278 30 »I r HI Truly great design is all in the details. WW about superficial beauty. It's about making every part a f jgjS perfect form and function, merged with revolutionary technology. And here's why the Ericsson h H j T2B is fitting example: >-p compact Ericsson Its lithium polymer, credit
      278 words

  • Page 31 Advertisements
    • 230 31 Where to wine, dine and entertain...^(o>as gggSo^ award "1 winnkhß DINNER 6.30pm 10.30pm Price subject to 10% lervict chary and previfag gLrvramimit Inti 76 Bra* Baah Rood. Singapore *****8 Tel: 3)8-833) Fax: J 39-6866 Wefc-site http://www.carlton.com.JS E-mail: Restaurantt3Carlton.com.ag 218 Queen Street, Singapore *****9 Tel: *****22 Fax: (65) *****33 Website: http://webpfO.com.au/oxford/
      230 words
    • 116 31 ISoBZmS available for: private parties company dinner and dance conference seminar and meeting. HOTEL QRAND CENTRAL LIMITED 22 Orchard Road/Cavenagh Road, Singapore *****7 Tat 737 9944 Fax:*****75 ,<!fL t S J't. «t The light'is kind, the cakes are frivolous and the tempo it calm, confident and leisurely. Served at Langtry's,
      116 words
    • 71 31 Hotel Asia 37 Scotts Road I 1.11 lISI l\l, L(H Millennium Fortune Menu 8-Course Set Menu at Only $29.90 per person (m«mm 4 persow) From 1 March 2000 lo 31 May 2000 Lunch (11.00 am-2.30 pro) Dinner (6.30 pm- 10.30 pm) m For reservations, call 431lttS or 33S 2245 Presentation
      71 words
    • 157 31 ■■I i April 24, 25, 27 28 East West Lunch Semi Buffet with your choice of a la carte main course and desserts. $22 per person. International Secretaries' Day (April 26) Four-course set menu at $30 per person. Special Lunch Time Fashion Show at 1 pm. Includes lucky draw to
      157 words
    • 144 31 J W^f ADVENUIRE 1-30 th April 2000 i i Drink to your heart's content in our wine buffet offering selected wines from the land down under! Reservations: 831-6288/6310 i Sfos Mamiarut Stngnparr WP tii ><m JEM HPS? 31) Orchard Rrwd Singapore 2 3M67 M: 737 4411 Fax: 732 2361 Sggyy
      144 words
  • Page 31 Miscellaneous
    • 856 31 i* l»lil:kmnTy*r;^Central 5-30 Tube Top. Buria 7.00 Extreme Magazine: 6.00 Wheel of Fortune. L3O PMTV Innovations. RAD. S >as Central: The Big 640 The Pyramid Game. 2.00 Response TV. 7.30 Football: Tiger Beer S- 7.00 Under One Roof. 340 TV Innovations. League Soccer Dot Shorts. 7JO Service To The Nation.
      856 words
    • 236 31 CRYPTIC CROSSWORD ACROSS 7 Reluctance to provide a transla--1 The fence is quite dim about 1 tion down (8) 8 Court official introducing counsel 5 Sceptically request a social work- to 0130 er(6) 13 Motorists want them-but not 9 Left always ahead of time-such about their person! (5,5) an advantage
      236 words

  • MONEY matters
    • 1083 32  -  -I I comment CURRENCIES Watch key levels of 106 yen and 551.71 against greenback larry wee THE recent record falls in US stock market prices, Monday's recovery notwithstanding, will force a stricter evaluation of financial market risks in the future, although we do
      Source: Bloomberg; Source: Hypovereinsbank  -  1,083 words
    • 739 32  -  Bat good credits like Singapore Power's USs3oom issue should still do well By> John Tan The author is a fixed-income strategist at Standard Chartered Bank, This article is an excerpt from their Asian Fixed Income Strategy Weekly. It is not an invitation to invest.
      739 words
  • Page 32 Advertisements
    • 336 32 Gear up for 12% p.a.* interest rates on your Singapore Dollar Deposit ff frlSKi PL JU Pair your Singapore Dollar with the Japanese Yen and make your W% < In a Citibank Premium Deposit you have the option of investing in world currencies time. This unique pairing could potentially f
      336 words

  • SHIPPING TIMES
    • 292 33 Bridge News, Reuters THE dry cargo freight market started the week on Monday with little change in capesizes, which remained steady in the East but easier in the Atlantic. However, stronger demand was reported for panamaxes from grain houses from the US Gulf and the east coast of
      Bridge News,; Reuters  -  292 words
    • 312 33 MX '000 AprJS <M CWT Distribution 0.93 -0.01 55 Chuao Hup 0.38 unch 1031 Cosco Investment. 0.18 unch 88 Freight Links. 0-24 -0.01 471 08 Moldings 0.65 -0.01 23 H« Sun Hup 0.69 0.01 139 IMC HokHngs-HK 5.60 unch 0 Jaya Holdings 0.17 unch 402 Keppel Corp 3.92
      312 words
    • 480 33  -  Rotterdam, Hamburg developing inland depots to serve potentially lucrative market By Donald Urquhart [SINGAPORE] In the face of increasing global port competition and global shipping alliances, European ports are increasingly looking to central and eastern Europe for growth. Major ports like the
      480 words
    • 69 33 [COLOMBO] Akitsu Odagqki, chairman of the Japanese-owned Colombo Power (Private) Limited, riding a boat outside the Colombo harbour to reach the barge-mounted 60-megawatt power generator (background) brought to Sri Lanka. Japan's Mitsui Engineering and Shipbuilding Company and Kawasho Corporation have an equal stake in the power plant
      AFP  -  69 words
    • 681 33  -  STRAIT TALE By\ Seafarer EUROPEAN matters and, at least peripherally, the ill-fated tanker Erika come to my mind again. Political moves within the European Commission (EC) have profound implications for Asian shipping and the furore over the Erika
      681 words
    • 272 33 AFP (MANILA] Domestic shipping regulations are being tightened in the Philippines to prevent a recurrence of last week's ferry disaster which claimed at least 139 lives. Transportation Secretary Vicente Rivera said. The new rules are designed to prevent ferry firms loading more passengers
      AFP  -  272 words
    • 225 33 Bloomberg [SINGAPORE] Royal Carib bean Cruises Ltd. the world's No 2 cruise operator, expects Asia's contribution to sales to double in as early as two years as the company looks to expand its business in the region. Asia currently accounts for 3 per jjuit
      Bloomberg  -  225 words
    • INLINE shipping exchanges
      • 644 34 The rash of dotcom shipping information ventures doesn't spell end of the traditional shipping market, say insiders Reuters [LONDON] A FRANTIC dash to set up tanker trading and information Websites is being touted as the end of the traditional shipping marketplace, but insiders say
        Reuters; FILE PHOTO  -  644 words
    • 306 34 PAGE ECt 4 ANL 3 ECU Line 6 Accord 8 ESP Lines 13 Ahrenkiel 14 Evergreen 6 Appenship 5 f °o«9Sun 8 AsiaOCL 13 Frt Links 14 Austral 8 L Avant 14 &em4rtrans B'tanq Mas 8 Genshpg 13 r Global 13 BTl 14 M IL.U. i<hnn <;
      306 words
    • 21032 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Teiephone SIN Dest'n Name Name Number Number SIN Destn Name Name Number Number To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (ABJ) 2003 Cote D Ivolre 26/04 20/05 mol snatos challenger 9406a a zioout
      21,032 words
    • SHIPS IN PORT
      • 688 47 v,ss VoyNo Btrth Arrival Departure Jareag Part low Song 24 J14 18/04/7:25 18/04/22:00 Marco Poto J 04/20J JH 18/04/800 19/04/3:00 2507 604 J12 18/04/7:50 19/04/8:00 D*c*nf»egos Ol/OOJ J17 I8/04/W30 18/04/16:00 ***** J01 18/04/9:00 18/04/23:00 JAA 20 J14 18/04/10:45 19/04/6:00 Bt Arm Jaya AP«-I8 J01 18/04/11:30 18/04/23:59 'Ob* 27
        688 words
      • 1915 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Bstls Sh'P Voy No Etb/Btr Ptrlod From To From ACNICVCR rot a/2000 U a/1500 a/*59 a/1900 a/nn a/an a/aoo _i* witoo a/otn a/0900 Al SAtAHIA com MOJO u a/1500 «MH a/1900 II a/1500 «/»M a/1900 a a/woo 19/0*51 a/otoo
        1,915 words
      • 196 47 Apr 20 New Zealand: Market Holiday, Stock Exchange Closes at Noon. Denmark: Maundy Thursday. Philippines: Maundy Thursday. Apr 21 Denmark: Good Friday. France: Good Friday. Germany: Good Friday. Thailand: Market Holiday. New Zealand: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Philippines: Good Friday. Singapore: Good Friday.
        196 words
      • 787 47 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change
        787 words
      • 468 47 Carbon ISO Mai 991.2 0.S 15.6 0.10 90 0.06 Apr 13 Density Water Residue Ask Aluminium S*dl»*n* No above E2S 3 0 S 0 2 0 380 Ave 966.9 0.2 13.7 0.07 36 0.03 IiM 300 Mai 991.4 0.9 17.9 0.09 72 0.06 «s/w 3 v/v
        468 words
    • AIR & LAND transport
      • 440 48 AMERICA* AIRLINES CRASH Df CALI, COLOMBIA Bnt lawyers for Honeywell, Jeppesen argue that American crew solely responsible for crash AP [MIAMI] The crew of an American Airlines flight was responsible for entering an incorrect code into a flight computer that caused
        AP  -  440 words
      • 203 48 Shift to e-ticketing part of airline's effort to trim costs Bloomberg [TOKYO] Japan Airlines Co, Asia's largest carrier, is extending its Internet-based ticketing to international flights from May 22. expanding a service that has been available to domestic passengers since 1996. "The
        Bloomberg  -  203 words
      • 134 48 AP [FRANKFURT] Deutsche Lufthansa's cargo unit and Deutsche Post are forming a strategic air cargo and freight alliance involving their joint interests in express dispatch service DHL International. Lufthansa and Deutsche Post both hold slightly more than 25 per cent in DHL International, which belongs
        AP  -  134 words
      • 170 48 AFP [MANILA] Philippine Airlines (PAL) and Lufthansa have signed an agreement allowing the local carrier to sell cargo space on flights operated by the German carrier, a PAL statement said. Under the agreement, PAL is permitted to book space on Lufthansa's twice-a
        AFP  -  170 words
      • LOG Book
        • 89 48 AFP [MUNICH, Germany] German airline Lufthansa wants to buy Swissair's stake in Austrian Airlines, the weekly magazine Focus Money said in an article to be published in latest edition. A high-ranking Swissair official confirmed negotiations were underway between Lufthansa chief Juergen Weber and Swissair
          AFP  -  89 words
        • 80 48 AFX-Asia [SHANGHAI] Sichuan has seen a sharp drop in the number of tourists travelling by air since the implementation of an air ticket revenue-sharing policy on key domestic air routes from April 1, the China Business Times said. The report cited representatives at a
          AFX-Asia  -  80 words
        • 105 48 AP [AUCKLAND, New Zealand] Seven passengers on a Korean Air flight were injured on Monday when the jet struck turbulence on a direct flight to Auckland. An ambulance spokeswoman said the injuries included cuts, bruises and mild concussion. None of the seven was seriously
          AP  -  105 words
      • 376 48 Bloomberg [MILAN] Twelve European airlines fighting Italy's plan to shift flights to Milan's new Malpensa airport say they are confident the European Commission will block the transfer. The airlines met yesterday in Brussels with the commission, the European Union's executive arm, in
        Bloomberg; AP  -  376 words
      • 1976 48 CITY FLIGHT ETA FLIGHT ETD aaj AN8230 1850 (W|2lM SO803 1910 CZ352 0910 1850 C2351 2045 $0804 WZO $0230 1850 Hanoi VNS0741 UK) ¥*$0742 0905 Amsterdam KL0843 0435 KL0838 2255 S0VH175 1830 S0VH176 1035 S023 0645 **S0T40 1410 GA979 1035 Hatyai MI891 1110 MI892 073S KL9165
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  • Page 33 Advertisements
    • 104 33 Shipping web sites face wall of tradition Page 2 r~■ i ••-AviS f ,-,-L~' r -'w > ll§ Wf/-& ft 4 y r CATCH THE LATEST WAVE IN LOGISTICS BBBBK^RT" *<H K s jm Jl The Shipping Times now features a full page of logistics news on Thursday every fortnight
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  • Page 34 Advertisements
    • 1213 34 I NORTH AMERICA I I EXPORT 1 1 OTHER DESTINATIONS I SSX-SUPER SHUTTLE EXPRESS-DIRECTTO LONQ BEACH pH I WEST COAST Of CENTRAL AMERICA (MARGARTTA SERVICE) vtssa vot TtasT maw lowgkacm muas houstom oocagq wwtow ■pkooit wssa wi TT rrjunml aoumtu sawioobcq coowro ptonceu outHAVBnuoA uuwauT ooq NtrmuNos msi? u/m m/m
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    • 712 34 Lines services represented by r Members of the Registry of Accro^' Shipping Agents, Singapore Shipping Association »i;vr..«. Members of the Singapore Logistics Association ULY UNE MALE I VESSEL VOY ETA TfU [~lu P. KLAMC SPORE MALE Princess Lily VO3OO 23/04 25/04 03/05 Empress Lily VO4OO 10/05 12/05 20/05 Princess Lily
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  • Page 35 Advertisements
    • 1228 35 TO EUROPE FROM EUROPE IvKSa VOY Sil RTM ANR HAM RRV SOU FIT UK IvtSStL VOT (WW ANR HAM HV SOU FXT l£H S« I DANURf SS3W 20/04 13/05 10/0S 11/05 1/05 ELK 559E 1/04 29/03 30/03 27/03 20/04 NOIMIS 01SW 21/04 7/05 9/05 12/05 13/05 HY FEDERAL 3231 31/03
      1,228 words
    • 1661 35 ®HANJIN SHIPPING !ik p tfefolyoU. -Wb ?*****0 HANJIN SHIPPING PTIITD hnp No** con BOOHING *****35 737 WIS *****74 731 DOCUMENT *****71 774 OffttTIONS *****50 7SI MAIN UNI *****55 FAI 53*1145 CI NO **********0 M TO NW USA CANADA USA CAM/SPA* H* VSI/VOY I BAM ISM UM HAU/VOY I «T~| fIW
      1,661 words
    • 478 35 vessel voy sin pkg vor sin hkg kel usn pus IvisstL voy I siw I pkg I vtssa 1 voy I sin I jkt HYUNOAISPOINTtI Q4QS 71/04 71/04 30/04 02/05 03/05 j 1 I W? |21/jH I Bffij AO MAGNOLIA 0720 22/04 7*/04 70/04 5f«RU* oots 07/0S W/05 I KMK
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  • Page 36 Advertisements
    • 1587 36 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN ANAPA WSSa »0Y m| UM I RTM I AMU H*M IIHV IFU [MESSEL |VOY r'S"" C" SW FOS VIC MTB PUOONG SENATOR 0013W ISM HIS 07 05 MB (9 05 10 05 1105 OSfl AMERICA 0935W 70 04 (7(5 09 05 11 H 11R
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    • 846 36 > AM MAC-HELS S'MM M'Slfl r™TTTTI Carrier: MN CONTR LINES, INC P. GUDANG: (07) *****26 I -lYv J CM MOc iaOOS7SOOOOE SIBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (682) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 PORT KLANC MOJI/HAKATA MV
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    • 775 36 EXPfIfSS CONTAINER FEEOCR FOR N SHEW (CFS MULUNO MUM6AICOIOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C D POINTS Vessel S PORE N SHEVA COLOMBO P KLANG CAPE CREUS V 105W 23 APR 82 MAY 06 MAY 12 MAY CAPE CANAVERAL V 122W 30 APR 09 MAY 13 MAY
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  • Page 37 Advertisements
    • 1917 37 [VESSEL V6Y krtH HK6 AN PKO OXfc OMM fcA UK IRAN TABATABAEI PCL-151 19/04 21/04 25/04 26/04 06/05 07/05 10/05 08/05 IRAN SATTARI PCL-152 26/04 28/04 02/05 03/05 13/05 14/05 20/05 15/05 IRANBAAKERI PCI-153 03/05 05/05 09/05 10/05 20/05 21/05 27/05 22/05 IRANHESABI PCI-154 10/05 12/05 16/05 17/05 27/05 28/05
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    • 1306 37 NEW SIEMCI DIRECT TO COLOMBO I IN 5 DAYS I IYIKT WIMESPAY J I GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TIL 226 1900 FAX: *****08 OUTWARD (l/l) 420S802™ToHOREOfF!cT^^^™~^™^^| I COSTAR SNIPPING PTE LTD «i2-oo sales/bkgs *****57/43 inward dept (d/oi *****85 COSTAR AGENCIES (M) SDN BHD Io> NO: **********00 SINGAPORE
      1,306 words
    • 1273 37 EUROPE EXPRESS SERVICE EXPORT IMPORT VLSSEI VOT SM UH RTM AND HAM IHV FU VESSEL VOT RTM HAM FU liH SM PWSANStN Oil* Is/04 12/05 tl4/05 15/05 It/05 17/05 11/05 QAM *0141 30 03 01/04 04 M 05 04 23 04 HJ PORTLAND 037 V* '02.05 '9. 05 21. 05
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  • Page 38 Advertisements
    • 1465 38 EUftOPf/UK/SCANDINAVIA/FINLAND/RUSSIA SERVICES aW»T IMPORT wssa/VQTAGi lsfip romTwg imp m Tiww |mv vKsn/voYAci mv Ithp lamw 1 me, Imp IWCDOI »W 07? 24/04 14, OS 14/05 17/05 11/05 L M6HT RE 043 M/Q2 31.03 Q1.04.QZ.J4 .04,04 24/04 L DEVELOP RW4II W/04 IS/05 70/ 05 72/DS J3/05 74/05 74/ OS LREWAROREQ3B 04/04
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    • 838 38 rjggggPff PACIFIC INTERNATIONAL UNES (PTE) LTD A SSSSV ffti 140 Cecil Street, #03-00 PIL Building. Singapore *****0. 1 CR NO 100e*****00E I IfgSfl VOT WG SW Hi STB H M KL At* Ftl me I ill I I OOQ MACON 005 17/4 It/4 25/4 l/J S/S t/S IS/S 17/S I
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    • 377 38 SO TROK SIANGAN ROAD *02-02 CmPOflT CENTRE S PORE *****S TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W ttSSa W* EH ED QESTM7IQN mabukwa i6/?om 23*4/2000 imnm balan ILMAMUI UM 24/04/2000 Kltiltm PONTIANAK MABUKWA 17/2001 29/04/20 M 30/0170N PALEHMANG/PKL BALAN •LMAMW M7OOO MK.7MO 0&/05£000 PONTIANAK For
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  • Page 39 Advertisements
    • 392 39 BSA mm MYANMA FIVE STAR LINE (Myaamor National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU HP* AN 26 7W SU> SAGAING MW SU) MAUTSU AGENTS: BOUSTEAD SHIPPING AGENCIES KIR: TEL (03)*****00 PKL TEL (03) *****01 PEN: HI (04)*****02 PGU: HI (07)*****21/4 BANK LINE (A service of Andrew
      392 words
    • 1329 39 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOY I SIN I SOU LEH RTN ANT HAW Mi [VESSB VOY|SOU|LBI|RTM|ANT|HAW|WV| ffL SRI DANURE SS3W 20/04 (N/05 13/05 10/05 11/05 EINE SS9E 27/03 01/04 29/03 30/03 20/04 NOlHfi 015W 21/04 12/05 13/05 07/05 09/05 HY FEDERAL 323E 29/03 05/04 01/04 11/04 22/04
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    • 706 39 v*JOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVY LIFT SERVKI" VESSEL VQY RAMP HEIGHT SIN IK MAO MIA SAV BAI j ORF NYC MIW j MOt TO#A AHOO9 400 Torn 6.3 M 29/04 25/05 02/0* 05/06 07/06 09/0* <0/06 12/06 16/0* 19/0* TAROMGA AHOIO 400 Tons 6.3
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  • Page 40 Advertisements
    • 1749 40 BAMOKOmmP T* PHUT/LAIM CWAIAWO JAKAHTA/PAHJAHQ viStti vor Ml——ML mtf lch vissa vor sm it I rjw mwrA BHUM-- m ii PI 22/04 23/04 ULtm JUS itfi 21/ M ?VM MATHU IHUM 461N 20/04 24/04 UHI KHIiM li£ 21/04 23/04 VUtUBHUM 337N TVM VmT RIMMftOT M 4 HflJ 24/04 u iii!
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  • Page 43 Advertisements
    • 64 43 DIRECT CALLING c New Weekly sin/huangpu, xiamen. Express Service to SHEKOU. HUANGPU, |A I OAKLAND XIAMEN, SHEKOU/SIN wni\L«iiL> See Page 5 Daily Page 13 COSTAR SHIPPING PTE LTD NORASIA LINE EASTRANS LINES (S) PTE LTD ECU Singapore Pte Ltd BOMBAY/ Providing You With More LIEUf |>CI tu ortn- or- it
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  • Page 44 Advertisements
    • 85 44 RICKMERS-LINIE Yoor Expert In Afent: Hapag-Lloyd (S) Pie Ltd -Bredcbulk -Oversize VI 200CantonmentRoad#08-02 Southpoint Project Cargo •Container Singapore *****3 Heavy-lift Services to: Regular Break-Bulk Project-Service US-Gulf East-Coast (Houston, New Orleans, Savannah, Camden, Baltimore) Europe Med (Alexandria, Savona, Rotterdam, Antwerp, Hamburg, UK) Interasia (Haiphong, Hong Kong, Shanghai, Dalian, Xingang) Loading: Singapore,
      85 words
    • 52 44 iMK utBMIIIIT ■ggg>ffgJ|| METROPORT SNIPPING SDN. BHD. SINOROR MERCHANT n,j^i««MinoePiiiiHSdM(MamM^k r marine CO., LTD. HKS&|S9tf m fu: iw: w tm «im. M ..w T eydodt FARWIDE SNIPPING AGENCIES PTE LTD EXPORT fcfc 221-M22 (5 Uwj) Fox: 226-1 SI4 Ml: POKT KLAWC SIN: SINGAPOtI H»G: HONG HOMO USN: UISAN MIS: PUSAN
      52 words
    • 43 44 SHIPPING* WAREHOUSING lotaM: Singapwc I j lading Daily Mon to Sal (BATAMLNIX) l/III) Accepting K1 Lift Carpi Reefer Container Singapore leading Mon. Wed& Fn (BATAMINDO D) Accepting Rn/Tonvenoonal/Project Heavy Lift Caigo 227 0322 Fax: 222 9330 totanfedo Skipping Worebovsfeg Pt« Ltd W-51 HWM
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  • Page 45 Advertisements
    • 904 45 gFSAMUDERA SHIPPING LINE LTD 72 A N < 03, $ii»f«pof« *****1 MAIN LINE/OUTWARD: 532 3iU INWARD |W0): 437 2364 IMPORT STATUS (DID): 437 2378 INVENTOCT (DID): 437 2420 Wall sit* http://www.so i»»d»ro.«©m CR NO. **********0 D BOOKINGS UNE: 535 6266 (Celiq/Je»si<o/Mei Chon/Jeslynn/Poro/Honim) BSLGS/WEEKLY 3 SIGS/WEEKLY IvisstL I vor I sw
      904 words
    • 826 45 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I rtc I sw I JKT I su» I nw 1 roc "1 cm I >ow 1 mi I MTI I o«f I SAV I mw I T<M I HOU I HOEOM MNERVA /MS* 00/05 14/05 17 OS 19/05 ?0 CS 24,
      826 words
    • 205 45 VCSa VOY ETAPGU MY VOY ETASM DAY KUAUSiAXI 70KS 11AM iw 20MN U/W WED kuausuxi mis ham wi raw 20/w ihu KUAUSIAII 2012S 20/04 THU 2«» 21/04 HB KUALA SIAKI TOMS 21/04 HB 2M3N 22AM SAI KUAUSIAII TOMS 73/04 SUN 20MN 24/04 MOM KUAUSIAII 2WSS MOM MWT 25/04 "TUT" KUALA
      205 words
    • 696 45 EN6 LEI SHIPPING CO rniTD I I W *****75 |t Um*| Fu: SMNM/SJMtM I I t ainHIIWIIIIH I vessel vor sin eta smetv msthutioh U>m Stt 8 6/00 17/04 19/04 BIW Umoo Sior 38 3/00 19/04 20/04 Dum Uwn Star 3? 3/00 20/04 21/04 Jokm S*n Central 4/00 20/04 21/04
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  • Page 46 Advertisements
    • 557 46 I VESSEL VOY SIN MAA SIN I TIGER BRIDGE 792N 21 22/04 27 3(V04 ofro6W)s I TIGER METRO 793N 2& 26/04 01 04/05 09-IIVOS I TIGER STAR 794N 28 29/04 04-07,05 12-13WJ5 I TIGER RHYTHM 795N 02 03/05 06 11/05 16-17/05 I TIGER BRIDGE 796N 05-06/05 11 14/05 19-20/05 I
      557 words
    • 924 46 JV FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg DIRECT CONSOLIDATION SERVICE TO •OSAKA/NAGOYA *LAEM CHA BANG *LAE/PORT MORESBY •PASIR GUDANG «CEBU -ADELAIDE/BRISBANE •TAICHUNG/KAOHSIUNG SHANGHAI/XIIMGANG *MAHE •INCHON HAIPHONG/PHNOM PENH *YANGON •SEMARANG/BELAWAN SUVA/NOUMEA MALTA FOR BOOKING: *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVY LI FT CARGO Bobby Lee *****71 bobby@flesin.com.sg Lawrence Lim *****78
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    • 61 46 ¥0Y ETA OP HOT POtT HMVTUn AMfTHYST *7007 73/04 75/04 TANfrON/CNimfiOM 30MT BONANZA ***** 03/05 05/05 kATAMCAS/SMBK BAT 30MT TIN 01/05 07/05 BUI, E. TWO* 30MT KMUHA, UMN, PMMIT, UMAMOVIVILII, MWMVtHM. VUMTAU, CAKTNO, lUiftWM, NOMMOMC, SOUTH (MM, Ait IMOWKIA. MALAYSIA, EOtTI HIMHI* UM BE NO HO SHIPPING A TRADING CO
      61 words
    • 1261 46 For booking enquiry cat *****80 /J^V Weksile: Irttp://www.ood.tom Vy USA l > rt w i« o* tt* irehou I «j mm «rc iiou oS Im se? OOQ JAPAN 41ES1* 111 ft OS/OS 10/05 11/05 11/05 10/05 MTt UHOBIMTSI3 71/03 71/03 30/03 31/03 05/04 71/04 00G NrmNUUDS 1*517 74/04 11/05 17/05
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    • 87 46 REGULAR SERVICE TO INDONESIA ETA ETD DESTINATION CHAHAYA VICTORY 1704 1&04 JAKARTA TBN 1&04 2UOt PALEMBANG/PONTIANAK; MEDAN PANGKAL BALAM (EAST TIMOR) REGULAR SERVICE EX YANGQN (MERGUI SITTWE) JUBILANT 18/04 21/04 VISAK/CAICUTTA CHAHAYA STAR 22/04 25/04 MADRAS/CHITTAGON6 VISAK/CALCUTTA REGULAR DIRECT CONTAINER BREAKBULK SERVICE TO PORT LOUIS A DURBAN EXPORT VOY SIN
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  • Page 47 Miscellaneous
    • 122 47 LEGEND: Issued by Meteorological Service Singapore Thunderstorm Showers Rain Temperature C„/ Wind direction and speed in knots Cloudy Day Weather w Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds L__J 5,1 9 hl *1 2m ->—-One half fleche represents 5
      122 words