The Business Times, 16 May 2000
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2000-05-16
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The Business Times
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Title Section16 2000-05-16 1 THE BUSINESS TIMES MITA (P) 035/12/1999 h Internet: http://business-times.asial .com.sg/ SINGAPORE TUESDAY, MAY 16, 2000 85C16 words
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Article69 2000-05-16 1 sn 201L4C (-15.19) BT-SEI 74&37 (-6.00) SQESCI FUTURES 264J0 (-1.90) STOCK MARKET INDICES Monday Change KLSE COMP ***** 1J2 NIKKEI 17J13.69 -44.17 HANG SENG *****5# -230.64 SET INDEX 888J7 -43 JAKARTA COMP 516.43 -10.46 MANILA COMP 1,517.09 -2252 TAIPEI WPI 8,465.02 -96.42 SEOUL COMP 728.67 -1L63 CLSA CHINA69 words
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Article79 2000-05-16 1 FOREX SATES USI SI US$ 1.729 £(US$/S$ per 1515 2.619 EURO(US$/S$/E) 0517 1586 DM 1132 0511 YEN 106J 1587 RM 3.800 0.465 HK$ 7.790 0222 BAHT 39.1C 0.044 RUPIAH 8566 0.020 1 •Stto lOQunits SINGAPORE* 5.80 Kl'ALAU MFI R 7.67 JAKARTA .39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8 5079 words
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523 2000-05-16 1 Eddie Toh - Time Engg says Khazanah wants np to 30% stake, bat entry of 3rd party as strategic partner likely From Eddie Toh in Kuala Lumpur TIME Engineering will have to contend with a mystery partner, following its scuttled union with Singapore Telecommunications last week.523 words
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Article, Illustration456 2000-05-16 1 Quak Hiang Whai - Asia's largest syndication to be used to pay for CAW HKT From Quak Hiang Whai in Hongkong RICHARD Li's Pacific Century CyberWorks Ltd yesterday secured the largest syndicated loan ever in Asia US$l2 billion (5520.6 billion) which will be used to finance its bid forFILE PHOTO - 456 words
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548 2000-05-16 1 Catherine Ong - HE fond manager plans to launch multi-dealer trading system on Web site By Catherine Ong [SINGAPORE] The Government Investment Corporation of Singapore (GIC), JP Morgan and Deutsche Bank have jointly invested about US$l4 million (Ss24 million) for a 47548 words
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Page 1 Advertisements
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Advertisement112 2000-05-16 1 DfSmE BT Comment Lee Han Shih on the implications of People's Association jumping on the property bandwagon. Pg 10 Top stories Effect of any Fed rate hike on S'pore rates seen muted. Next Page Short-sellers in 4 counters face $590,000 loss. Pg 4 Microsoft breakup will make PCs harder to112 words
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Advertisement36 2000-05-16 1 Cyber Works deal poses 'modest'risk: Telstra, Pg 15 The US Federal Reserve's decision on interest rates will be released later tonight after 2:lsam Singapore time. For the announcement, go to our website at: http://business-times.asia 1 .com.sg36 words
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Advertisement69 2000-05-16 1 Thai market may spread to the region Next Page The floundering -v Pine '4 v'Jrs x*: *J' 1 i \V;. ">S ■*>■' V"' .J <- K yl'&••' •'>'•*. -.V. ;i*- *-jV' i*..-' '""•■i.••••' 'ISref' r" ...v r.;c V- 1 4 I *w v. -A>. *n -V-.'\2>- •,>*• j> "vf >•-69 words
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ON THE grapevine
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Article145 2000-05-16 2 WALL Street may be rocking, but US fund managers are still upbeat about US stocks. In a Barron's poll of 153 money managers, a whopping 58.6 per cent said they were either bullish or very bullish about the market's fortunes over the next six months. They see a145 words
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Article54 2000-05-16 2 THREE consortia, heard to be Citicorp Investment Bank; DBS Bank and Morgan Stanley Dean Witter; and JP Morgan and OCBC Bank are said to have been shortlisted for the $500 million bond for the Land Transport Authority, basispoint, a fixed-income newsletter, said a mandate is54 words
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Article164 2000-05-16 2 SYDNEY is keeping mum on the identity of the torch bearer for the Sept 15 opening of the Olympic Games. Our usually informed sources are putting their money on one of these three: Dawn Fraser, Australia's swimming legend, Ron Clark, the veteran sports personality164 words
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Article101 2000-05-16 2 THE athletes at this year's Sydney Olympics will be housed in a new suburb called Newington right next to the Games venue at Homebush Bay. The first phase of Newington has already been completed and the occupants are looking forward to the Games, said the developer.101 words
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Article, Illustration699 2000-05-16 2 Ven Sreenivasan - High levels of liquidity biggest factor weighing against major rise By Ven Sreenivasan [SINGAPORE] Lending rates in Singapore are not expected to react immediately to a hike in US rates, but the tightening bias in the US money marketsCompiled by BT - 699 words
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Article, Illustration698 2000-05-16 2 Investors believe SEA's economic, political reform is just a smokescreen AFP Bloomberg [BANGKOK] THAILAND'S stock exchange is rapidly falling through the floor, triggering fears in Southeast Asia that the region is heading towards another economic crisis, analysts said yesterday. "Foreign investorsAFP; Bloomberg - 698 words
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338 2000-05-16 2 Analysts expect earnings to be sustained on recovering economy, bullish exports Reuters (BANGKOK] Thailand's recovering economy, bullish exports and revived domestic consumption have lifted corporate earnings and brightened the business outlook this year, first quarter corporate results showed yesterday. The broad-based improvement inReuters - 338 words
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Advertisement296 2000-05-16 2 The Hull MBA OF HULL MBA (General) 28th Intake Starting Soon! "Ranked Among Starting in Singapore •29 May 2000 f Session MBA (Investment Finance) 10th Intake Universities, 1999" Starting in Singapore July 2000 UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor of Philosophy in Business A296 words
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Advertisement249 2000-05-16 3 M^organ_£t^nley_6j_Co I J-^mU£d Limued_Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter Co. >| fig"- -^iil BHBBSIK .x* r -4HV ,a lIhHK K J SI H V 4bIJUL»-- 11 fi x agßMn^^^^^^B^^Bß|^^SS^^3HH||rtHHl R' SS|B >• Si S jfV~ v.-,r .y- J >& You have a feeling249 words
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Advertisement86 2000-05-16 4 i** r r r- ■*•■■■l**. I mm -HO- •"•iHP* 7/ X' .'^/X N. If you want to get that little bit and gives more accurate and awemore serious about improving your f inspiring results on the fairways handicap, S-Yard has the ultimate than you've ever thought possible. Driver for you.86 words
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SINGAPORE companies
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355 2000-05-16 4 Ven Sreenivasan - Buy-ins in Chew En Hock, Parkway Lab, Medi-Rad&nd Nucleus Electronics Byy Ven Sreenivasan SHORT-SELLERS of shares in Chew Eu Hock, Parkway Lab, Medi-Rad and Nucleus Electronics four counters which drew intense speculative interest last week faced losses of up to $590,000 as a355 words
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222 2000-05-16 4 SINGAPORE Computer Systems (SCS), the IT business arm of the Singapore Technologies group, yesterday launched a $3 million thirdparty call centre. Named JuzCall, the 100seat facility is housed in SCS' Bedok premises and provides services such as handling inbound information and technical helpdesk enquiries through222 words
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335 2000-05-16 4 Kenneth Lee - USs2.sm investment is part of efforts to prepare Boustead IT for listing in 2001 By] Kenneth Lee BOUSTEAD Singapore, a diversified company with interests ranging from bakeries to marine insurance, has bought a strategic 18 per cent stake in US-based Internet firm and335 words
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Article, Illustration540 2000-05-16 4 Tay Hong Seng - Commitment raised to $150 m; may doable to $300 m if conditions conducive By' Tay Hong Seng KEPPEL Tat Lee Bank's Tech Financing Centre will be increasing its lending fund for hi-tech start-ups from $50 million to $150 million. The fund size may furtherCHRIS LOH - 540 words
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461 2000-05-16 4 toh han shih - iWWH locksiew toh han shih THE Internet is forcing the pace of change in the Singapore Exchange (SGX) and Singapore's Financial industry. This is highlighted by SGX bringing forward the liberalisation of stockbroking commissions to Oct 1 from the original date of461 words
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Article, Illustration408 2000-05-16 5 Bloomberg PARKWAY Holdings Ltd, Singapore's largest owner of private hospitals, said it's planning an initial share sale for its Shenton Medical chain by the third quarter, to boost staff morale and finance expansion. "We want to motivate our employees to performBloomberg; FILE PHOTO - 408 words
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COMPANY Briefs
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161 2000-05-16 5 Reuters WBL Corp said its subsidiary M-Flex Singapore Pte Ltd has submitted an application to list on the main board of the Singapore Exchange. M-Flex would become the holding company of WBL's flexible printed circuits (FPC) and rigid printed circuit boards (PCB) design andReuters - 161 words
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Article139 2000-05-16 5 TLB LAND has altered into a joint venture to develop a luxury residential apartment in Repulse Bay, Hongkong. Its partners are Bondax Holdings, a wholly owned subsidiary of lead partner, Asia Standard International Group, which is listed on the Hongkong Stock Exchange, and Westrata139 words
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128 2000-05-16 5 INNO-PACIFIC Holdings has pulled out of the deal to buy several office units in Shenton House as it has not been satisfied with the dOediligence exercise. The company had earlier entered into an agreement to issue new shares as consideration for two Singapore companies128 words
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Article53 2000-05-16 5 Reuters PRINTED circuit board maker Allied Components International has appointed Wong King Yoong, former vice-president and managing director of Compaq Asia, as its new chief executive officer. It also appointed Tan Zing Yuen chief financial officer. Mr Tan was formerly group chief financial officer ofReuters - 53 words
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58 2000-05-16 5 Reuters PROPERTY developer Ho Bee Investment said yesterday it had bought two industrial sites for $23 million. The firm bought a 29,000-sq foot prime industrial site with a 99-year lease at Jalan Kilang Barat for $5.4 million, and another 40,000 sqftof freeholdReuters - 58 words
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Article14 2000-05-16 5 ASCOTT Ltd said Christopher Tang Kok Kai has resigned as director.14 words
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42 2000-05-16 5 FHTK Holdings said Michael Goh Pek Yang resigned as executive director with effect from April 30 and has relinquished his executive function as chief operating officer. He will however remain on the board as a non-executive director.42 words
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105 2000-05-16 5 Bloomberg DBS Group shareholders have approved a plan to buy back as many as 94.9 million preference shares, helping the bank rationalise its capital. Shareholders voted on a change to the non-redeemable status of convertible preference shares, paving the way for a buyback. DBSBloomberg - 105 words
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66 2000-05-16 5 CHIP Eng Seng Corp said its wholly-owned subsidiary, Chip Eng Seng Contractors (1988), has won a $41.5 million contract from NCH (Tampines) Pte Ltd, a subsidiary of NTUC Choice Homes Co-operative, to construct a 242-unit private condominium in Simei. The job, scheduled for completion66 words
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573 2000-05-16 7 ItH buy opto 24£% of Ucom and 30% of TAC unit in deal worth USs72om Reuters [BANGKOK] Norwegian state telecoms firm Telenor agreed yesterday to buy major stakes in two indebted Thai telecoms firms, the companies said. Thailand's United Communication Industry PicReuters - 573 words
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195 2000-05-16 7 FREIGHT Links Express Holdings said Freight Links Express Holdings (Hongkong) has successfuUy placed out 4.961 biUion new shares at HKIO.IO per share and the grant of options to subscribe for 1.124 billion new shares at an exercise price of HK$O.lO per option share for195 words
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Article, Illustration398 2000-05-16 7 Andrew Wee - 1 =\Vi listings By Andrew Wee HOMEGROWN Trek 2000 In ternational, a customised engineering solutions provider, yesterday launched its initial public offering of 30.8 million shares at 32 cents each for a listing on Sesdaq. The public tranche comprises 6FILE PHOTO - 398 words
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352 2000-05-16 7 PNE Industries, one of the region's major integrated manufacturers of electrical and electronic devices, yesterday launched its initial public offering of 51.14 million new shares at 26 cents each, for a listing on the main board of the Singapore Exchange.352 words
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Advertisement21 2000-05-16 5 Tung Centra I WAREHOUSE factory space FOR LEASE A Z Building For details, please call owner n Telephone I 437 6gff3^437^g7g_»J34£fg£_21 words
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Advertisement24 2000-05-16 5 I tyfcj uj theism, Consumers < m v r —iiri ii i Nrwfjiriiii n Early delivery >jEfV Lower price tfEJV[ WSJ.com updates DOU[lfiNE& Get it.24 words
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SINGAPORE markets
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Article480 2000-05-16 6 Stocks Volume ThaiVitege 5c 20,218,000 Food Empire 5c 13,551.000 Strike Engg 5c 13.503,000 ChewEuHock 20c 11,771.000 Ban Joo5c 9,189.000 SiA Engg 10c 7,485,000 AnOcean 5c 7,059,000 GRP 20c 5,006,000 NatSteel 50c 4,925,000 Eastern Asia 4,640,000 Stocka DBSGfp 47,619,732 Chart Semiconductor 26c 28,346,931 ParificCentury 26,063,196 ST Assembly 25c 24,545,226 OCBC 20,944,757480 words
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Article, Illustration558 2000-05-16 6 r. sivanithy - l-ll comment STOCKS r. sivanithy THE fortunes of the local stock market continued to ebb yesterday as investors kept their distance from most of the stocks, leaving traders to try and keep interest alive in the second-lin-ers. Though today's US Federal Open558 words
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Article, Illustration194 2000-05-16 6 R Sivanithy - WARRANT WATCH By R Sivanithy WITH institutions largely out of the market because of US interest rate worries and concerns over what the Morgan Stanley Capital International index reweightings might be, trading interest has centred mainly on penny stocks. So we'll keep194 words
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Article, Illustration240 2000-05-16 6 Wong Wei Kong - HOT STOCK By Wong Wei Kong SHARES of United Overseas Bank (UOB) suffered another poor spell yesterday, with the stock finishing as the session's biggest loser. UOB shares closed down 40 cents or 3.5 per cent at $10.90, after opening at their day-high of $11.20240 words
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Article131 2000-05-16 6 ♦Brilliant Manufacturing announced that the company has incorporated a wholly owned subsidiary.eStraits Pte Q Ltd with an authorised capital ofSsloo,ooo/- divided into 100,000 ordinary shares of Ssl/- each and a paid-up capital of Ss2/. Th principal activity of sStraits is to carry on the business of an investment131 words
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Article, Illustration344 2000-05-16 6 larry wee - l-l I comment CURRENCIES larry wee THERE were not too many US dollar sellers yesterday, ahead of tonight's muchawaited meeting of the Fed's Open Market Committee, when US interest rates are widely expected to be raised by as much as halfSource: Reuters - 344 words
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Advertisement112 2000-05-16 6 f Nominations for the 2000 Enterprise 50 awards are now open n Companies can nominate themselves by completing the official nomination form. Companies must be home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition), with four years of i., j Celebrating Singapore's statements. Enterprising Spirit Nomination forms are112 words
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Advertisement23 2000-05-16 6 Do you need flexible financing for your share purchases" Call us at 323-3955 ana find out what we can do fcr you BOBSBANK23 words
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Page 7 Advertisements
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Advertisement444 2000-05-16 7 touch with With continuous traininq, BASF BASF is committed to brighter prospects for employees. MHHHftUtaMMjam, Achieving fun potential through tranmg and development. BASF is a transnational chemical BASF provides training programmes One important area of training in Asia company that is dedicated to as well as production-related Pacific is people-444 words
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Advertisement244 2000-05-16 7 CATS. Buy It. Sell It. Find It. t 1 Achieve Wealth Beyond Your Wildest Dreams! Master Strategies for Accelerating and Achieving Your Business Personal Coals |f^ Success Guru Shares H His Secrets On: X v Negotiating To Close The Sale Closing techniques presented in this program can help ANY salesperson244 words
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SINGAPORE news
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Article, Illustration520 2000-05-16 8 Andrea Tan - But rush by upgraders not in sight, with HDB resale applications down 46% in Q1 By, Andrea Tan LEASEHOLD condominiums in the nonprime areas will stay affordable to public housing upgraders, even though private residential prices have risen 15 per cent and theSource: URA, HDB, DTZ Research - 520 words
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Article, Illustration143 2000-05-16 8 CELEBRATING their move to a prime, happening location yesterday are Singapore Press Holdings' marketing division staff. The Big Move for some 300 SPH marketing staff from News Centre on Genting Lane to Paragon shopping centre on Orchard Road happened yesterday. The staff, with the exception143 words
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268 2000-05-16 8 NTU will launch two Master of Science programmes in infocommunications starting in July under its School of Electrical and Electronic Engineering. This initiative aims to meet the manpower shortage in the infocomm sector. The programmes will be in communications engineering and communication software and268 words
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Article, Illustration294 2000-05-16 8 24,585 sq ft plot in Holland/Farrer area could fetch $13-15 m PETROLEUM giant Shell has put up for sale its former petrol station at the junction of Holland and Farrer roads. The 24,585 square foot freehold site can still be used294 words
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Article, Illustration306 2000-05-16 8 Marissa Chew - P=M 3 on the economy retail sales By Marissa Chew RETAILERS performed well beyond expectations in March, with the retail sales volume rising 27.6 per cent from the same period a year ago. Two estimates from DBS Bank and Salomon Smith Barney had putSource - 306 words
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719 2000-05-16 9 Joyce Koh - RAD will get SlOin,- $40m for financial incentive schemes including Project Website By Joyce Koh A SUM of $50 million has been set aside to beef up productivity and innovation in the construction sector over the next two years, Minister719 words
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Article, Illustration454 2000-05-16 9 Toh Han Shih - A dotcom was born of a romance between a former ST reporter and a US software programmer at Lindy Hop classes By> Toh Han Shih FORMER Straits Times reporter Lim Li Hsien and her husband Eric Tachibana have started a dotcom, Extropia, thanks to love for the Lindy454 words
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Article362 2000-05-16 9 Teo Kwee Bin - 1* IflMUbag Teo Kwee Bin DEPUTY Prime Minister Lee Hsien Loong's response in Parliament on the new DBS Bank charges is disappointing. I bank with DBS Bank not only because it is a good bank, but also because it is regarded as Singapore's national bank. DBS'362 words
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Article175 2000-05-16 9 Eric Ang Teck Sin - Eric Ang Teck Sin AFTER two failed bids, Singapore Telecom at least has one thing to be proud of it is still a cash-rich company looking out for business opportunities. If the Malaysian government's investment arm offers the same terms as Sing Tel to175 words
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351 2000-05-16 9 Ong Siew Yen - Ong Siew Yen I WOULD like to share my experience about closing a dormant POSBank account. Way before the saga over DBS Bank's $2 charge, I went to the Raffles Quay branch of POSB in November 1999 to close a joint account that351 words
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Article179 2000-05-16 9 Ng Piak Hah Singapore - Ng Piak Hah Singapore I FIND it extremely timely that the government is proposing a scheme to help people save enough for retirement. There is another more pressing issue at present. For the last couple of years, interest rates have been so low that retirees,179 words
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Page 8 Advertisements
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Advertisement170 2000-05-16 8 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For170 words
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Advertisement52 2000-05-16 8 —!^L———■——^^ from 650 sq ft onwards Second Storey Office Units street frontage; high visibility large private estate HDB fr m 430 sq town within vicinity column-free bright airy easy access; near future MRT For enquiries and viewing, please call: 338 6833 (O) 9211 6412 (P) ImiJ Nationwide Realty Singapore Pte52 words
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Advertisement52 2000-05-16 9 IT'S AS GOOD AS DRIVING YOUR OWN. Enjoy the performance. power and prestige of Honda cars with our hasslefree corporate leasing package. Competitively priced and tailored for the busy executive. it covers everything that needs taking care of. including Road Tax. Full Insurance Coverage and Full Maintenance Service. Call 84052 words
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FOCUS property
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Article, Illustration692 2000-05-16 10 lee han shih - •I comment PROPERTY Plans to lease out 70% of new community club In T&mpines to commercial tenants have serious Implications for private sector lee han shih THE poor owners of shopping space. After surviving a market glut in the mid-90s and the Asian Crisis692 words
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Advertisement491 2000-05-16 10 HUKFOI>L bUILT FACTORY pHHSfI Built in: 54,692 sf M £3 Land area: 52,4975f Tenure: 60 yrs from 1981 1 Sale with vacant possesion For more details, kindly contact Joint Marketing Agents: Knight Tan Kok Eng Frank Property Consultants 228 6894 251 7387 J If You Have Missed Any Of These491 words
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Advertisement103 2000-05-16 10 f M Jones Lang \SJJ! LaSalle. High Profile City Fringe Location North Adelaide> South Australia 55 77 King William Road 2 x 3 Level Quelity Office Buildings with 6200m 2 <•*»*> J of letteble spece. JP^ 106 on-site car parks High profile location Estimated Net Income, when fully leased $A103 words
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Advertisement311 2000-05-16 10 AMARA CORPORATE TOWER I Brand New 12-Storey Office Tower at 100 Trai Street M Floor Area from 900 sq ft onwards, w Appro*, total lettable space of 50,000 sq ft. Close proximity to Tanjong Pagar MRT Station, Taxi Stand and Bus Stop. Close to Banks, Post Office, Sbops and Food311 words
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Advertisement55 2000-05-16 10 Location :1249 Serangoon Road Site Area :3,138.75QM (33,785 SOFT) FREEHOLD, PLOT RATIO :2J ST— A HIGH-RISE DEVELOPMENT V EASY ACCESS TO PIE/CTE/SERANGOON RD CONVENIENT/AMENITIES Tender Closing Ist June 2000 (Thursday), 4.00pm. JACKY CHAN *****270 SALLY KHENG *****852 BUSINESS SERVICES/ PRODUCTS The Straits Times Classified. I^T Classifications 201 266. \cajs.J Buy55 words
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eNews
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374 2000-05-16 11 LONDON Global Internet Billing will use 20,000 retailers to sell the cards FT Prepaid e-shopping cards, modelled on successful mobile phone cards, are to be launched this summer. Global Internet Billing (GIB), an Internet payment startup, will use 20,000 independent retailers to distribute cardsFT - 374 words
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483 2000-05-16 11 NEW DELHI Bloomberg WHEN Aditya Srinath bought books from an online vendor recently, he paid for his purchase with plastic, putting him among the few Indians to use a credit card in the absence of a legal framework for such transactions. Granted, he was onlyBloomberg - 483 words
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e Briefs
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66 2000-05-16 11 Bloomberg [NEW YORK] Online purchasing by US small businesses rose 12-fold to US$25 billion (5543.2 billion) last year as companies took advantage of the Internet's efficiency, a survey showed. Small businesses spent US$2 billion online in 1996, according to information technology and Internet consultantsBloomberg - 66 words
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79 2000-05-16 11 Bloomberg [TOKYO] Softbank Technology Corp shares rose 5.5 per cent after the unit of Japan's largest Internet investor said its first-half parent earnings tripled. The company, 63 per cent owned by Softbank Corp, gained 1,600 yen to 30,800 yesterday after earlier rising as muchBloomberg - 79 words
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126 2000-05-16 11 Reuters [TOKYO] Matsushita Electric Industrial Co Ltd said yesterday that it will launch its first recordable DVD player in Japan in June, mounting a challenge to rival Pioneer Corp and possibly setting off a DVD 'format war". Matsushita, whose brands include Panasonic, National and Technics,Reuters - 126 words
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Article75 2000-05-16 11 FT [LONDON] SAP, Europe's biggest software company, is ready to make acquisitions and strike reselling agreements with smaller software groups to reverse declining sales in the US, its second biggest market. Hasso Plattner, SAP's co-chief executive, said investors had agreed it could issue up toFT - 75 words
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285 2000-05-16 11 SAN JOSE, California Funding for Internet firms jumps five-fold to USslo.Bbe survey Bloomberg US venture capital firms invested a record US$l7.2 billion (5529.6 billion) in young companies in the first quarter, a four-fold increase from a year earlier, a survey showed.Bloomberg - 285 words
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Article, Illustration387 2000-05-16 11 PARIS Reuters THE world's leading industrialised states, struggling against Love Bug-style computer attacks from the most unexpected places, opened a cybercrime conference yesterday with a caU to prevent lawless "digital havens" from springing up around the globe. French Interior MinisterReuters; AP - 387 words
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Article127 2000-05-16 11 Reuters [NEW YORK] Microsoft Corp has acknowledged a flaw in its popular Internet browser that could let hackers steal "cookies", or files e-commerce sites U9e to track and conduct business with online customers, the Wall Street Journal said yesterday. The browser flaw could be worrisomeReuters - 127 words
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326 2000-05-16 11 BRUSSELS Europe's Net traffic will end up in US hands, say opponents FT THE European Commission is coming under pressure to block the US$l3O billion (*****.2 billion) merger of MCI Worldcom and Sprint, which opponents say would put the bulk of Europe's InternetFT - 326 words
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209 2000-05-16 11 TOKYO Reuters SONY hopes its mobile Internet device to be launched this year could be a product as strategic as its Walkman, the firm's new president, Kunitake Ando, was quoted as saying by Asian Wall Street Journal yesterday. The world's second-largest consumer electronicsReuters - 209 words
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Advertisement96 2000-05-16 11 «i i n fii nnill r until now. Microsoft SQL Server mmmmmmi Thevaitie of information to any business lies in how effectively it is converted -*gfc 4 into knowledge. With SQL Server, information makes perfect sense. t -"v^sBBBBBBBB^^BM in independent studies to be best in performance, best in scalability, and96 words
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EDITORIAL & opinion
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Article, Illustration778 2000-05-16 12 lee boon keng - I i\\4 1 bottom line OPINION lee boon keng The writer is with DBS Market Research THE euro plunged to its all-time low of 88.5 US cents in the first week of the month, despite the 25-basis-point hike in the repo778 words
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Article128 2000-05-16 12 'Japan is, in effect, a one-party gerontocracy where gerrymandering is rife, prevarication and procrastination are a way of life and patronage is dispensed with brazen vulgarity.' Rnssdl Jones chief economist at Lehman Brothers in Tokyo. 'I've got more black friends in this country now than Mugabe.' -lan128 words
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Article623 2000-05-16 12 EDITORIAL THE idea of integrating the stock markets of Bangkok Singapore and Kuala Lumpur may not seem an immediately practical idea but it should not be ruled out as a medium-term possibility. If it does eventually come about, the proposal aired last week by Thailand's623 words
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Article, Illustration1263 2000-05-16 12 Anthony Rowley - Pnblic cynicism over political manoeuvres could provoke 'landslide'against Japan's rnling party By Anthony Rowley The writer is BT's Tokyo correspondent WHO you believe will form the next Japanese government after the election which now seems certain to be held nextFILE PHOTO - 1,263 words
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Article, Illustration947 2000-05-16 12 He*t <m Greenspan IN recent history, US Fed tightenings have aggregated about 3 percentage points... In this cycle, rates were first raised in June last year and have advanced in five steps of a quarter-point each, from 4.75 to 6 per cent. Now, though, the Fed947 words
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MALAYSIA news
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Article, Illustration496 2000-05-16 13 Eddie Toh - Creditors have agreed to the 2 firms' debt restructuring From Eddie Toh in Kuala Lumpur TAJUDIN Ramli has won a reprieve from creditors for two of his companies Naluri Bhd and Celcom but he may still lose control of Malaysian Airline System. As partFILE PHOTO - 496 words
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325 2000-05-16 13 KUALA LUMPUR Govt's policy this year is to strengthen sector, promote IT Reuters MANUFACTURING will continue to be a driver for Malaysian economic growth this year, and the government plans supportive policies, a state report said yesterday. "The thrust of the government's policy in 2000Reuters - 325 words
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MARKET moves
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Article101 2000-05-16 13 Bloomberg BANK stocks fell on concern that the government will not be able to push rates lower to stimulate loans growth. RHB Capital Bhd, which owns the third largest RHB Bank Bhd, fell 15 sen or 2.9 per cent to a more than threeBloomberg - 101 words
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Article65 2000-05-16 13 Bloomberg PERUSAHAAN Otomobil Nasional Bhd (Proton) fell 10 sen or 1.8 per cent to RM5.40. This followed reports that Hicom Holdings Bhd had rejected Proton's offer to buy its 32 per cent stake in car retailer Edaran Otomobil Nasional Bhd at RMll a share becauseBloomberg - 65 words
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46 2000-05-16 13 Bloomberg NALURI Bhd rose 3 sen or 2 per cent to RM1.55 after its shareholders approved a plan to reschedule its RMI.2 billion (***** million) debt, including selling of its 29 per cent stake in Malaysian Airline System Bhd. BloombergBloomberg - 46 words
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199 2000-05-16 13 KUALA LUMPUR Bloomberg INTRIA Bhd, a Malaysian construction firm that United Engineers has agreed to buy, will sell RM7BS million (***** million) of bonds for the first time in four years. Intria is looking to repay debt of about RM6SO million. InBloomberg - 199 words
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Article156 2000-05-16 13 KUALA LUMPUR AFX-Asia THE Kuala Lumpur Stock Exchange is launching a technology sector index to assist investors in identifying constituent companies. A statement from the KLSE said there would be separate technology sectors for the main board and the second board but they will be representedAFX-Asia - 156 words
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Page 13 Advertisements
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Advertisement8 2000-05-16 13 Wake^p nn-HtntHHTlnrw Start your job search early. Read8 words
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Advertisement303 2000-05-16 13 ag K I!( Solutions. Forward thinking small w^Tyfyi "y i T l T! l businesses search for them. ■■■■■■■■i®*AA«iilfc®ifiliAiiSßiHMH #V%-% To be more efficient. To be more mtei* Pentium* m processor 600 Mhz $3 QQQ (dual processor capability) wj%#ww productive. And IBM provides them. 128MB ram 9.1G8 Wide Ultra SCSI303 words
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REGIONAL news
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Article, Illustration717 2000-05-16 14 Shoeb Kagda - Rupiah loses nearly 10% in value against the US dollar over past seven days From Shoeb Kagda in Jakarta AS the Indonesian rupiah continues to flounder, the country's economic reform programme threatens to unravel, possibly undoing recent progress on corporate debt restructuring and banking717 words
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WORLD Watch
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Article100 2000-05-16 14 AFX-Asia [JAKARTA] Indonesian President Abdurrahman Wahid has backed a proposal to appoint the equivalent of a prime minister .Achmad Tirto Sudiro, chairman of the Supreme Advisory Council, said he had welcomed the idea of creating a poet of "first minister", with the same authorities asAFX-Asia - 100 words
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Article87 2000-05-16 14 Reuters I JAKARTA] Indonesia's state corruption watchdog said yesterday it would look into the controversial appointment of President Abdurrahman Wahid's brother to the powerful Indonesian Bank Restructuring Agency (Ibra). The appointment ofHasyim Wahid as "expert adviser" to Ibra has sparked charges of a return to theReuters - 87 words
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Article95 2000-05-16 14 Reuters [MANILA] Philippine conglomerate Benpres Holdings reported yesterday that its first quarter net profit fell 50 per cent from a year earlier, mainly due to a decline in profits by its utility units and media affiliate. It said net income was 24 million pesos (*****,400),Reuters - 95 words
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Article101 2000-05-16 14 Bloomberg [BANGKOK] Bad loans at banks and finance companies in Thailand fell in March, the tenth consecutive month-on-month decline, as more companies restructured debt with lenders, the central bank said. Delinquent loans fell to 37.2 per cent of total loans at the end of March,Bloomberg - 101 words
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344 2000-05-16 14 ■JAKARTA Bloomberg INDONESIA slashed its economic growth forecast for this year by more than half after reporting lower-than-expected growth for the first quarter. Sugito Suwito, chairman of the Central Bureau of Statistics, said the government cut its forecast to 1.5 per cent from 4Bloomberg - 344 words
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Page 14 Advertisements
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Advertisement14 2000-05-16 14 |I|YOU CAN ENJOY E\| I THE FINER THIN J I I I I I14 words
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EAST asia
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Article, Illustration694 2000-05-16 15 Catherine Ong - CEO's stand contrasts with analysts' perception that Telstra was risking USs3b By Catherine Ong TELSTRA Corp said its US$3 billion deal with Pacific Century CyberWorks (PCCW) pose "modest" risk to the company and the operations to be created from the alliance could account for694 words
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Article328 2000-05-16 15 Bloomberg TOM.COM Lid, tycoon Li Ka-shing's Internet venture, yesterday said its first quarter loss widened more than 12-fold even as sales roee more than 50 per cent. Reporting results for the first time since it sold shares, Tom.com said it lost HK545.4 million (Sslo.l million),Bloomberg - 328 words
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368 2000-05-16 15 TAIPEI Govt gives it extra year to repay NTs24.sb in loans as customers panic Bloomberg PANICKED depositors rushed to pull money out of Taiwan Development Trust Corp yesterday, prompting the finance ministry to broker an agreement giving the firm an extra year to repayBloomberg - 368 words
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Page 15 Advertisements
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Advertisement230 2000-05-16 15 'S~: i 2*Ki<*'%►*££* l L.'' "H: K*v mk -!**-#<!<• .>*: -•■!> v J, k v. 'H '^^^..'VV'• i k,^{--\ K'W> r," V- .-'Jk '"-"i Ba WITH CAS S3 AC K, O YOU CAN ENJOY EVEN MORE OF I f THE FINER THINGS IN LIFE. *W r v t v *>*.230 words
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SOUTH asia
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Article, Illustration510 2000-05-16 16 NEW DELHI Fundamentals are strong, with robust growth in industrial and export sectors Reuters INDIAN shares have slumped in recent months, the rupee hit a record low last week and inflation is running at near 18-month highs but the country's economy is aReuters; Source: Bloomberg - 510 words
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296 2000-05-16 16 BOMBAY Bloomberg AUSTRALIA and New Zealand Banking Group Ltd, Australia's fourth-largest bank, will sell co-branded credit cards in India with Rupert Murdoch's News Corp and may expand the alliance to the rest of Asia. Mr Murdoch's Star TV, the largestBloomberg - 296 words
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Page 16 Advertisements
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Advertisement2222 2000-05-16 16 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 qsbq Fu Yu Manufacturing Limited ShJ jS! (Incorporated in the Republic of Singapore) VIF NOTICE Of ANNUAL GtHEIAI MtFFINQ NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Function Room 3, 2nd2,222 words
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Advertisement176 2000-05-16 16 NOTICE Of MEETING OF CREDITORS IN THE MATTER OF THE COMPANES ACT (CHAPTER SO) AND IN THE MATTER OF AG-SIL AD (SINGAPORE) PTE LTD NOTICE IS HEREBY GIVEN pureuant to Section 296 of the CompeniM Act (Chapter 50) that a meeting of the creditors of the abovenamed company be held176 words
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Advertisement754 2000-05-16 16 KLOtMAN ASIA PTI LTD (In Members' Voluntary liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 that the find msOng of the members of the Company will be hold at 2 Hovelocfc Rood. •07-07 Apolo Com, Singapore *****3 on 16th of June 2000754 words
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WORLD news
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515 2000-05-16 17 TOKYO Decline first in 3 years; surplus showing signs of ticking np again Reuters JAPAN'S current account surplus, the broadest measure of trade in goods and services, dipped in the year that ended on March 31, reversing course after twoReuters - 515 words
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Article, Illustration555 2000-05-16 17 Reuters [TOKYO] Japan laid out plans yesterday for an official funeral for former Prime Minister Keizo Obuchi with an eye to minimising political disruption while capturing a sympathy vote in elections next month. The death on Sunday of the party machine politician, who hadReuters; AFP, AP - 555 words
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323 2000-05-16 17 TOKYO Bloomberg INDUSTRIAL Bank of Japan Ltd (IBJ), Dai-Ichi Kangyo Bank Ltd and Fuji Bank Ltd are setting up a 30 billion yen (*****.7 million) fund to buy shares in privately-held Japanese companies. The banks, which plan toBloomberg - 323 words
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240 2000-05-16 18 BOSTON Reuters UNICREDITO Italiano Group, Italy's second largest banking group, said yesterday it would buy US investment management firm Pioneer Group Inc for a total of about US$l.2 billion (Ss2.l billion). UniCredito said it would buy all the outstanding shares of Pioneer GroupReuters - 240 words
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Article, Illustration464 2000-05-16 18 WASHINGTON Consumers will get more choices, says US Justice Dept in companion article Bloomberg THE US Justice Department's proposed breakup of Microsoft Corp would "destroy" the consistency of the way the company's Windows operating system works on personal computers, making computers harderBloomberg; FILE PHOTO - 464 words
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391 2000-05-16 18 WASHINGTON There were claims innovation would be stifled and research stnnted NYT COMPARING the proposed breakup of Microsoft to the AT&T case of the 1980s, Brad Smith, a Microsoft lawyer, said he saw one big difference. "AT&T was mostly a national company," he said,NYT - 391 words
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WORLD Watch
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83 2000-05-16 18 Bloomberg [WASHINGTON] US industrial production recorded the largest gain in April in 20 months, as factories, mines and utilities stepped up output to keep the US economy humming along, Federal Reserve figures showed yesterday. Production increased 0.9 per cent last month after risingBloomberg - 83 words
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Article44 2000-05-16 18 Bloomberg [DUSSELDORF, Germany] Veba AG and Viag AG, merging to form Europe's fourth biggest power company, said they will cut 3,ooojobs and sell units with sales of five billion euros (Ss7.B billion) by combining their chemicals activities. BloombergBloomberg - 44 words
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Article67 2000-05-16 18 Bloomberg [MELBOURNE] National Australia Bank Ltd said it sold US$l.6 billion (Ss2.B billion) of notes to help pay for its acquisition of MLC Ltd —the largest ever sale of debt by an Australian company. Australia's second biggest bank sold US$9OO million of 10-year non-call fixedBloomberg - 67 words
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77 2000-05-16 18 AFP [TOKYO] Japanese audio equipment maker Pioneer Electric Corp posted an 11-fold increase in net profit in the year to March after successfully floating a subsidiary on the Tokyo market. Pioneer said its December launch of the world's first DVD recorder and re-recordable DVDAFP - 77 words
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575 2000-05-16 19 NEW YORK Stock market slide already delays or derails plans by many IPO aspirants Reuters STRUGGLING US companies seeking to raise funds are being caught between a rock and a hard place as the Federal Reserve is expected toReuters - 575 words
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Article, Illustration531 2000-05-16 19 HANOVER, Germany Bloomberg AP EUROPE'S largest tourism firm Preussag AG has agreed to buy Thomson Travel Group for £1.8 billion (554.7 billion), beating a rival bid from C&N Touristic. Preussag offered 180 pence a share, 12.5 per cent above C&N'sBloomberg; AP; AFP - 531 words
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277 2000-05-16 19 WILEN, Switzerland Bloomberg BILLIONAIRE financier Martin Ebner of Switzerland says he's recommending that investors buy shares in ÜBS AG a day before Europe's third-biggest bank begins trading on the New York Stock Exchange (NYSE). Mr Ebner, the founder of BZ Bank, aBloomberg - 277 words
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376 2000-05-16 19 LONDON Latin America will be biggest loser: fund managers Reuters ASIA will emerge as the big winner from Morgan Stanley Capital International's quarterly index changes, to be formally announced tomorrow, while Latin America will be the biggest loser, say strategists andReuters - 376 words
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Page 17 Advertisements
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Advertisement142 2000-05-16 17 *-V Value for money for your international mail. jBB Whatever currency you work in, you need good value for money when spending on the distribution of your international direct mail. TNT offers international mail services designed to stretch your budget further, leaving you money which can be better spent on142 words
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Page 18 Advertisements
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Advertisement170 2000-05-16 18 'Where should you .com? J Quah Siew Heng, Managing Director, Origin Technology Pte Ltd mm* oriGin «I i 1 f I t 'Whether or not you're in the online business, no-one can .f-'' mm** u I x deny i( is the hottest thing right now. If you were to ask,170 words
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Page 19 Advertisements
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Advertisement3001 2000-05-16 19 j SembCorp Marine ——r SEMBCORP MARINE LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the 37th Annual General Meeting of the Company will be held on Wednesday May 31 2000 at 11 00 a m at 29 Taniong Kling Road. Singapore *****4 to transact the following3,001 words
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FINANCE & commodities
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238 2000-05-16 20 Daphne Tay - SGX Derivatives Tradingßeports MSCT Singapore Index Daphne Tay THE Singapore stock market finished lower amid light trade yesterday, weighed down by the ongoing interest rate worries as the US Federal Open Market Committee meeting draws nearer. Banks were pressured, with UOB shedding 3.5 per238 words
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277 2000-05-16 20 Chan Yet San - MSCI Taiwan fatores Chan Yet San THE Taiwan stock market ended lower yesterday as the US Federal Reserve's interest rate setting FOMC meeting draws near. The Taiex fell 95.42 points or 1.11 per cent to close at 8,465.02, with electronics stocks leading the way. Turnover277 words
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Article157 2000-05-16 20 ENERGY REPORT AFP [LONDON] Oil prices slipped below the US$2B-per-barrel mark in London trading yesterday, although dealers said the market remained artificially high. Benchmark Brent crude was trading at U5527.61 a barrel, 44 US cents lower. The market has been driven to levels lastAFP - 157 words
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Article334 2000-05-16 20 Reuters THE dollar surfed higher yesterday, most visibly against the yen, finding support ahead of a US Federal Reserve policy meeting today which is widely expected to sanction a 50 basis point rise in interest rates. Analysts said the dollar's advance was more pronounced against the yen asReuters - 334 words
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Article, Illustration1245 2000-05-16 20 HTERBAIIK CROSS RATES C$ *mb Eire Fir Dfli HK$ Ind Bi Eupiah Yw Dot RM MZS P«t»> 14m S) t«wd Sir MT$ Hmt OSS Australia 0.853 4.767 0.626 4.108 1225 4.474 25.261 49.193 0.626 6.403 2.183 1.211 29.773 23.864 0.993 4.018 0.976 T7j67§ ***** 0179 0574 Canada 1172 5585 0.7341,245 words
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Article1818 2000-05-16 20 SICOM FUTUHJBB May 15 RUS8CR (Marts dostag «t 5J0p«) RSS1 CONTtACT (S cwrtiAo) CIom VotaM Opto Mart* M|ft Uw Sott (toMQ*) Intortst Jan 00 120.50 50 J* 00 122.00 400 Amq 00 125.00 400 Sip 00 126.00 400 RSS 3 CONTtACT (US cMts/kq) VotaM OpM MmHi HM| Low Sott Bmm)1,818 words
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STOCKS east asia
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Article, Illustration2841 2000-05-16 21 HONGKONG AFP CllLuttSeng -23(164 HONGKONG share prices dropped 1.5 per cent yesterday on profit-taking amid cautious sentiment ahead of an expected US interest rate hike, dealers said. The key Hang Seng Index lost 230.64 points to close at 14,881.30. "It isAFP - 2,841 words
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Article, Illustration991 2000-05-16 21 Reuters P Shenzhen Blade *0144 CHINA'S hard currency B shares closed up slightly yesterday as some domestic investors bought textile issues on the resumption of talks with the European Union on Beijing's bid to enter the World Trade Organization (WTO). The Shanghai B Share Index ended up 0.67 perReuters; Source: Credit Lyonnais Securities (Asia) Ltd - 991 words
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Article360 2000-05-16 21 AFP □WPlnte -96.42 THE Taiwan Stock Exchange Weighted Price Index fell 1.11 per cent or 95.42 points to 8,465.02, as investors took to the sidelines ahead of the presidential inauguration on May 20, dealers said. Turnover was NT593.95 billion. Decliners led advancers 309 to 225, with 59 issues unchanged.AFP - 360 words
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Article2060 2000-05-16 21 TOKYO AFP Q Nikkei 225-4417 SHARE prices in Tokyo closed 0.3 per cent lower yesterday as Investors grew wary of the New York market ahead of a US Federal Reserve meeting, brokers said. The key Nikkei 225 Index lost 44.17 points to end at 17,313.69.AFP - 2,060 words
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Page 21 Advertisements
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Advertisement41 2000-05-16 21 You never yM&i actually own a Patek Philippe. patek phiuppe You merely R GENEVE Begin your own tradition. look after it for the next generation. sS5f Annual Calendar For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com by Patek Philippe41 words
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STOCKS klse
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Article8443 2000-05-16 22 MNJfUMLS Cmsmmt protects L»t Vol Day Net Cap HM» U» Cl— M» -000 High Um P!% %mM 420 310 Ajinomoto 374 20.5 1516 -*2! *-5 -15 15 97 96-5 142.3 ,122 Stttil 00 Hh J 530 10 7 530 520 12.6 212.0 ?Z5 2700 T ,50t 3150 50 2433 3158,443 words
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Article, Illustration367 2000-05-16 22 AFP kJ Composite Index -L 92 THE Kuala Lumpur Stock Exchange Composite Index ended 0.2 per cent or 1.92 points down at 910.74 in cautious trading ahead of the Fed's interest rate-setting meeting. The Second Board Index feU 4.89 points to 255.09. "TheAFP - 367 words
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Page 22 Advertisements
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SGX clob & regional stocks
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Article3436 2000-05-16 23 BONDS WARRANTS w m ■rata U-«Mt U* UiMnli kn Um Um MM La. Mm c«w W» r*« M# l« h|« M> Mo MklMk **e <*» U" 80 17 s 3164 Acma W*****4 23 -2.5 675 26 23 23 23.5 26 41.0 I 300 150 5.61 14 59 as s 31613,436 words
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Article, Illustration789 2000-05-16 23 AFP CI SET Index -<L 3 THE Stock Exchange of Thailand (SET) Index fell 1.8 per cent or 6.3 points to 339.37, while the select SET 50 was down 0.51 at 23.79. "Volume remained thin as many investors are sidelined waiting to see" what happens tomorrow (Tuesday), said ABN-AmroAFP - 789 words
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Article274 2000-05-16 23 AFP n Composite Index -2122 THE Philippine Stock Exchange Composite Index fell 1.4 per cent or 22.22 points to close at 1,517.09. A total of 1.4 billion shares worth 1.7 billion pesos changed hands, down from Friday's 2.12 billion shares worth 1.06 billion pesos. AFP Hay IS P»w 000)AFP - 274 words
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Article, Illustration705 2000-05-16 23 AFP Q Composite Index -10.46 THE Jakarta Stock Exchange Composite Index ended 2 per cent or 10.45 points down at 516.43, off a low of 512.78, on 206.4 million shares valued at 328.18 billion rupiah. Declining stocks led advancers 91 to 26. Dealers said market sentiment was undermined byAFP - 705 words
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Article282 2000-05-16 23 AFP QNZSE-40 -28.42 THE NZSE-40 Capital Index closed down 1.4 per cent or 28.42 points at 2,001.95 on turnover of NZ$9B million. The market was led lower by Telecom Corp which lost 24 cents to NZ$B.2B. The firm's third quarter profit results are due today, with news of spin-offsAFP - 282 words
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Article571 2000-05-16 23 AFP nADOrfauVt AUSTRALIAN share prices closed slightly higher in thin trade yesterday after Wall Street's firmer close on Friday, dealers said. The All Ordinaries Index closed up 14.6 points, or 0.5 per cent, at 3,018.6. The SP/ASX 200 index closed up 16.3 points at 3,051.1. Volume was 415.6 millionAFP - 571 words
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Article308 2000-05-16 23 AFP Q Composite Index -1L63 THE Korea Stock Exchange Composite Index closed down 11.63 points at 728.67. Volume was 191.8 million shares worth 1.7 trillion won AFP Mat IS "KW A nam Skui ***** 1800 Brain Tacit 1155 195 Centra* Bank 1305 -165 Chert Comm *****0 -4500 Dm CuAFP - 308 words
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Page 23 Advertisements
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Advertisement12 2000-05-16 23 A weekly must-read for property buyers and sellers every THURSDAY Thkßi sini-ssTimks12 words
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Page 24 Advertisements
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Advertisement32 2000-05-16 24 't v n^i>i«f>it]||i4 t Mm ill* IFI vill<t r^l|ißßßß -Vjl A l *to*4 *o*4 3$ .Jf V *V -sdb"*/t-*' 4 ''"S vvt'' *^f?*-' x For more information, email us at infotdonovan.com. sg32 words
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Article8808 2000-05-16 25 SGXMAD1B0ARD Transaction date: May 15 Last Vol Dey Last Ouot# ON Otv VW N.t Cap Avg **9* SINo Csmpwy Sa«o COOO> High Low Buyer Sailer H C'vr p/c $mll Price MOLTHNDUSTVY 182 95 m c 1000 Acma 50c 129 cd -3 218 132 128 129 130 5 4.38,808 words
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Page 25 Advertisements
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Advertisement62 2000-05-16 25 HOME IN ON HDITS SECOND BOND ISSUE AND I 1" I investment poctfouo j l"^™^™"» I PO shares. Bonds. Stocks. Annual Reports. ■13 I Whatever you're offering, we help you reach out "jj I t0 86.7% of all adults In Singapore dally. i j <t MP*-- M. Tho Stra tS62 words
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KNOWLEDGE economy
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Article, Illustration622 2000-05-16 26 Marissa Chew - McGraw-Hill computer-based learning division to focus on companies rather than individuals By 1 Marissa Chew WITH lifelong learning becoming the buzzword among companies and individuals in Asia, McGrawHill Lifetime Learning (MHLL) couldn't resist the opportunities and early this month became the latest computer-based learningCHRIS LOH - 622 words
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Article, Illustration833 2000-05-16 26 Schools and teaching are set to change dramatically, thanks to new technology "Shirley zips into her skintight school uniform which on the outside looks something like a ski suit. The lining of the suit in fact contains cabling that makes it a communication system.FILE PHOTO - 833 words
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Page 26 Advertisements
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Advertisement216 2000-05-16 26 ~*v*" M 1 SUPERSTAR VIRGO T I Meeting your 1 incentive needs Is 1 r .y < ;y Talking business has never been more enjoyable. SuperStar Virgo is your all-inclusive, hassle-free alternative to conventional meeting venues, with sophisticated audio-visual facilities at our Executive Business Centre. Reward yourself or your clients216 words
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Advertisement150 2000-05-16 26 30th May 2000 Holiday Inn Rark View 9.00 am 5.00pm Conducted by: WHO SHOULD ATTEND MACK PALOMAKI Service Developers m |j-CYSTEiA Software Developers GSM Network Operators LUND, SWEDEN GSM Network Managers Training Managers Fms *****.00 per participant c (Inclusive of lunch, 2 coffee breaks, n m^ training materials certificate of150 words
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Page 27 Advertisements
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Advertisement206 2000-05-16 27 Where to wine, dine and entertain..."-?(o>esssst SKiSSiJiS fiatf»o4£ Mingle with friends or corporate clients at Club 5. Warm your spirits at our Fashion Show (Mon Thur) or Bottle Night (Ist Wed of the month). We cater for private functions as well from 80 persons onwards. Opening Hours Sundays Thursday: 3pm206 words
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Advertisement58 2000-05-16 27 HOTEL GRAND CENTRAL LMMITEO 22 Orchard Road/Cavenagh Road. Singapore *****7 Tat *****44 Ext 400/02 Fax: 733 3175 mm Local +Western Set Meals from 1 $6.90" t'or reservation*, please call I *****38 i 1 HOTEL Windsor »»mk WCwr I m—it mtmt Cafe Windsor. Ist Storey. Hotel Wodsor. 401. MacPherson Road. Saigapore58 words
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Advertisement77 2000-05-16 27 Roasted Whole Suckling Pig f Steamed Live Sea-Bass Fish with Lime Sauce (Thai Style) 'hT Deep Fried Fresh Prawns with Pepper and Garlic MM* Braised Mushroom with Bean-Curd Puff and Lo-Han Vegetable 111 ml Braised Shark's Fin Soup with Dried Seafood Sauteed Pork with X.O. Sauce Braised Noodle in Abalone77 words
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Advertisement20 2000-05-16 27 Advertise in Wine, Dine Entertain of The Business Times. Contact Patrick Ang 740 1284 or Amy Choo 740 1559 now.20 words
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Advertisement42 2000-05-16 27 K rji*np vwoCDC p4 Coffeehouse fH '< Ist floor n Savour local fare 5)6/ our award-winning j Chatterbox Chicken Rice We are open 24 hours daily in case I you have not eaten yet. Enquiries: 831 6291 Mandarin Suufttporr 333 Ofrtwrd Ro*d. *****742 words
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Page 27 Miscellaneous
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Miscellaneous977 2000-05-16 27 RBSfßiCentral Adventures. SJO Kahwin Palsu. LOO B Tonight. 1 *>vm 830 Music Walk. 0.00 Selera Asean. 130 Inside Story (r). 9.00 AM Jtids Central. The 6.00 Wheel of Fortune. 630 Saiian. 2-00 To finnam- Rpal.timo J&i. 1 .«> mg Ccmfy couch. OJO Judge Judy 7.00 FilirFikir. RnancSl Data jffßfigbgL 9.30977 words
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Miscellaneous281 2000-05-16 27 unirnC CROSSWORD ACROSS ng? Obtain ft, oddy, in Macbeth 6 Daring young man Peter, in- (4,2,2,5) voived with Tsaritza (7,6) 13 1 a™9«et as a mischievous lit--8 Private papers destroyed (6) tledevi(3) 9 Conducts television bands (8) 15 Biblical character shown in a 10 Constelation of pride? (3) base light281 words
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Page 28 Advertisements
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Advertisement423 2000-05-16 28 ine Business nmes, mesaay, May it), 2UOO Get Internet experience! Listen, learn and network with six Internet companies that already have international success. When it comes to the digital age, Sweden is a world leader home to Icon Medialab, Speed Ventures and Letsbuyit.com. Icon Medialab is one of the world's423 words
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SHIPPING TIMES
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Article139 2000-05-16 29 Bridge News Reuters RISING demand for panamaxes in the Atlantic was the principal feature of the dry cargo freight market on Friday. The Baltic Dry Index (BDI) gained two points to 1,616 and the Baltic Panamax Index rose 10 points to 1,544, while the Baltic Capesize Index shedBridge News; Reuters - 139 words
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Article284 2000-05-16 29 mn *i CWT Distribution—0.85 -0.01 74 Chum Hup 0-37 -0.01 699 Cosco kwastmant 0.20 -0.03 628 Fright Unki OJtS -0.01 118 GB Moldings 0.68 unch 0 Hal Sun Hup 0.34 uncfi 36 IMC HoMnqs-HK 5.60 uncti 0 Jay* Holdings 0.18 -0.01 73S Kappal Core 3.70 -&04 258 Kappa*284 words
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645 2000-05-16 29 Donald Urquhart - High cost of transponders a concern among members of shipping community By\ Donald Urquhart [SINGAPOREJ The local shipping community is generally upbeat about the Maritime and Port Authority's (MPA) masterplan for port development announced recently. The primary aim of the Port Improvement Plan for645 words
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PORT Shots
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Article67 2000-05-16 29 [LONDON] A Cambodian-flag bulker has sunk after a collision with another bulk carrier in the lower Yangtze River. The 11,600 dwt 1976-built Conan and the 28,450 dwt Panamanian-flag Rubin Forest collided in the early hours of the evening and while the 1992-built Forest was able to continue,67 words
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Article44 2000-05-16 29 [LONDON] Norwegian tanker and bulk operator Bergesen has reported a 48.5 per cent drop in first quarter after-tax profits to US$lO.2 million (5517.34 million), compared with US$l9.B million in 1999, and a 17.5 per cent fell in its operating profit.44 words
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308 2000-05-16 29 [LOS ANGELES] Imports and exports soared to record highs at the Port of Los Angeles in April, as US retailers began stocking up early for the fall shopping season and Asian economies continued to improve. Inbound shipments were up 45 per308 words
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261 2000-05-16 29 Ann Toh - Byi Ann Toh [SINGAPORE] APL, the container shipping arm of Neptune Orient Lines (NOL), will deploy its own vessels on the North-South America service, departing from serving this trade lane by chartering space in its partners' vessels since entering the market261 words
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SHIPPING news
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Article, Illustration853 2000-05-16 30 David Hughes - UKERSCEME By\ David Hughes THE European Commission (EC) recently confirmed the exemptions the liner shipping companies have from European Union (EU) law. That pleased the lines but not the shippers. The UK shipper organisation, the Freight Transport Association (FTA), has not givenFILE PHOTO - 853 words
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210 2000-05-16 30 Reuters [LONDON] British shipping company P&O last Friday lost an appeal against the taxman on whether val-ue-added tax (VAT) should be charged on items that are sold on journeys between European Union (EU) member states. P&O had claimed that sales of non-consumable goodsReuters - 210 words
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Article197 2000-05-16 30 PAGE Detmas 4 ACL 6 D >* Lloyd 8 ANL 3 Dongnama 3 Accord 8 Eastrans 6 Appenship 5 ECl 4 Austral 8 ECU line 6 Baiaji Shpg 5 Evergreen 6 BSA 7 FoooqSun 8 B'tang Mas 8 Glink 4 CCNI 7 Gemartrans 6 CMA 8 Hangli197 words
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Article16473 2000-05-16 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 31/05 10/0* Hanjin ITHA BHUM MO *5-32*0235 To ABIDJAN (ABJ) 2003 Cote D'I voire 31/05 n/Ot Evergreen ITHA BHUM 500 *5-*****1116,473 words
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SHIPS IN PORT
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Article761 2000-05-16 41 "'Ml VoyHo Berth Arrival Departure J»»1 Pert *rtklWp«n 5A/00 J02 15/06/8:10 IV05/1740 ra MSA J16 15/05/6:15 15/05/23:59 **copolo 22 PUW179 J16 15/05/6:30 6/05/6:00 Harcopolo 26 JMB047 J6 15/05/6:45 6/05/2340 Tg Johor 18 V *****) XT 15/05/8:10 16/05/0:14 C Progress 15-MAY JOT 15/05/8:30 15/05/16:00 Bt Moo* Usa May-15 J01761 words
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Article1913 2000-05-16 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO Boofclnq/BoUnco Rstts Ship V°y Mo Etb/Btr Ptriod From 2° Fro* acxuac ota M/1200 u h/hm iv»m n/im tci SUCUU i N/DsM M BM WW MM AlAMJAYA 2 MM MM H B/BM H/MM H/MM B/BM B/MM BM U H/17M M/0659 HAWIO1,913 words
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Article178 2000-05-16 41 May 17 Thailand: V isakha Bycha Day. May 18 Malaysia: Vesak Day. Singapore: Vesak Day. May 19 Denmark: Great Prayer Day. May 29 United Kingdom: Spring Bank Holiday. May 31 Brunei: Royal Brunei Armed Forces /Anniversary. Apr Brunei: First Day of Muslim Calender. May 11 Hongkong: Buddha's Birthday.178 words
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Article785 2000-05-16 41 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are lndl cated. The Cockett Bunker Price Index change and785 words
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Article493 2000-05-16 41 Carbon 1M Max 909.9 0.6 15.4 0.09 89 0.05 May T1 Density Water InMat Ask AIwMwh hfcl No tort E25 0 0 2 0 3 0 T %M<M 390 Aw 985.9 02 12.0 0.06 38 0.02 380 Mu 991.4 2.0 17.0 0.08 70 0.06 W) %w493 words
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AIR & LAND transport
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265 2000-05-16 42 Poor weather in some areas also reduced services over weekend Bloomberg [CHICAGO] UAL Corp's United Airlines, the world's largest airline, said it cancelled 130 of its 2,400 scheduled US flights because of a shortage of pilots and poor weather in some areas.Bloomberg - 265 words
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365 2000-05-16 42 Reuters [ZURICH] Swissair said the US Department of Transport had issued a key waiver which would allow the Swiss airline and its Belgian subsidiary Sabena to more than double codeshare flights with new ally American Airlines. The immunity will allow the three airlinesReuters - 365 words
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Article, Illustration425 2000-05-16 42 It will decide this week whether to follow US move to suspend carrier from parts repair Reuters [CANBERRA] Australia's Civil Aviation Safety Authority (Casa) said yesterday it would decide this week whether to follow US regulators and withdraw approval for Qantas Airways Ltd toReuters; FILE PHOTO - 425 words
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403 2000-05-16 42 Reuters [CANBERRA] Canberra airport officials accused carrier Qantas Airways of using bullying tactics yesterday to try to get airports to turn against Impulse Airlines, the new player in Australia's domestic airline market. Qantas has launched a turf war over terminal spaceReuters - 403 words
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Article1821 2000-05-16 42 OTY njCWT CT* FU6HT CTD OFi 1805 S026 2350 UMl 1*7381 1930 BA7J82 2055 W3B ttt 0F0I 1930 0fB2 2055 Wh S0909 BID iW> 1 S0803 1910 CZ352 0910 LH6300 2230 CZ351 2045 fflWI 1020 —M BMM OH MM MB U0043 MB BMM 0040 SWH175 18301,821 words
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270 2000-05-16 42 Bernama [RANTAU PANJANG, Malaysia] The Malaysian railway KTMB (Keretapi Tanah Melayu Bhd) expects to transport five million tonnes of cargo this year via the landbridge service. Exco chairman, Mohd Nor Idrus, said that last year, 4.3 tonnes of cargoBernama - 270 words
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Advertisement517 2000-05-16 29 UPS Logistics Group has appointed Michael Gildea (right) as executive business development manager for its Asia Pacific operations. Singapore-based Mr Gildea is responsible for account development and management of Asia Pacific clients. Prior to this, he was vice-president, Australasia and account di-Bf rector of REL Consultancy Group. Mr Gildea has517 words
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Page 30 Advertisements
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Advertisement759 2000-05-16 30 NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (BSX) lOULF KARACHI EXPRESS (QKX) VKSa VOY LGO ""TT"" 1 PRUNG VISSEI VOT MM "Tlh RWT JU MO CM |PRIANG 00d CALIFORNIA 44W516 24/04 14/05 H/05 PtOMiDUOTDMEUOURNE IK 05/05 05/05 07/05 Of/OS 10/05 15/05 If/05 20/05 OOa NfW YORK 04W517 03/05 21/05 23/05759 words
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Advertisement668 2000-05-16 30 Lines services represented by Members of the Registry °f Members of the "'^Si5 Accredlted Agents, Sin 9 Log'^cs Singapore Shipping Association Association ULY LINE MALE I VESSEL VOY ETA Ett Tlu P. KLANC SPORE MALE Princess Lily VO3OO 14/05 16/05 24/05 Empress Uly VO5OO 02/06 03/06 11/06 Princess Uly VO4OO668 words
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Page 31 Advertisements
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Advertisement1073 2000-05-16 31 SAX SERVICE (DIRECT) Vissa VOY SMElft LAX OM Ml HOU CM OX MOD All NYC APLTOURMA!* 034* 17/05 01/06 06/06 06/06 06/06 06/06 06/06 06/06 07/06 07/06 APIJAK 0201 24/05 08/06 U/06 13/06 13/06 13/06 13/06 13/06 14/06 14/06 AnGARtCT 0201 31/05 15/06 20/06 20/06 20/06 20/06 20/06 20/06 21/061,073 words
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Advertisement1633 2000-05-16 31 @HANJIN SHIPPING !Ikl-| 4. >fc Mn< Lo. -We *****30 mmn swpiw, (S) rn lip iooking ********** sales *****24 731 nocunfm ********** o«uno»fs ********** mainune *****55 fu 53*1145 ano iismmoooou TO NW USA A CANADAI CANADA* R ¥St/VOY r~srj nw I dbi |wI oo J msp ml on I«a1 m I1,633 words
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Advertisement190 2000-05-16 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 CONSOLIDATION, WAREHOUSING, TRANSPORTATION, HOUSEHOLD REMOVAL AND CAR TRANSPORTER LCL CONSOLIDATION SERVICE An ilfiliite of Mitsui OSK Lines Hai Sun Hup Group r— r^— Co*§m Express Logistics Pte LM <+> dcsti nation 30 Boon Lay190 words
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Page 32 Advertisements
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Advertisement1573 2000-05-16 32 DSR-SENATOR LINES TO UK/CONTINENT TO MEDITERRANEAN/CANADA gßa WW WW la HIM ANH HAM OHV FIJI VESSEL TOY "si!!"" Gff 1 FOS I VLC I MTw" PWUAO SENATOR 0012W lIM KM MM MM MM 17 M MM PAlf HMO SENATOR OOMW ISM 01M MM MM 17 M 14 M HAMiM BREMEN1,573 words
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Advertisement926 2000-05-16 32 mjkm MAC-NELS S PORE M'SIA Carrier MM CONTR UNES, INC rouoang^m^ l-JW J CM MOi H********** SOU: (084) *****9 MANILA (632) *****24 PENANG: (04) *****36 BANGKOK; (662) *****57 SURABAYA (31) *****11 P KELANG: (03) *****77 JKT: (21) *****45 KUCHING (062) *****1-3 HO CHI MINH LAI/PORT MORESBY MV "DRAGON KALIMANTAN" V.926 words
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Advertisement735 2000-05-16 32 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULUNO. MUMBAUCOLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POKTS v S PORE N SHEVA COLOMBO P KLANG CAPE CANAVERAL VI23W 22 MAY M MAT 03 JUN HJUN TULSIOAS ¥.125 28 MAY M JUN 11 JUN 11 JUN CAPE CREUS V.117W 04735 words
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Page 33 Advertisements
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Advertisement791 2000-05-16 33 IgggL— VOT I HKfl I KHH I I H(L I MB U &AM MK IRAN HESABI PCL-154 12/05 14/05 18/05 19/05 27/05 2«/05 30/05 01/06 IRAN SHAHRYA* PCI-155 19/05 21/05 25/05 26/05 03/06 04/06 06/06 08/06 IRAN BAABAEI PCL-156 26/05 28/05 02/06 03/06 11/06 12/06 14/06 16/06 «AN»ESTAN PCL-157 02/06791 words
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Advertisement1007 2000-05-16 33 mw titvKi or MKCT TO COIOMtO jr IN 5 DAYS IYIKT WIMUS* AY I MRO,,HSOMM TIL 226 1900 FAX: ***** M OUTWARD (l/l) *****02 JOHORE OFFICE: I 7n\m_ nmiWu il2 oo SAUS/KCS *****57/43 INWARD DEPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BHD 221/WW un 'S* 5,11 W 104 <*1,007 words
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Advertisement698 2000-05-16 33 EXPO" IMPOST US 8 °fji ff»? sWiSllllillllig i fHfe Tiri nmtF rn i una tori imnnimi onirnn nniinmiiimiiiE"—»**»y TRAMSMOnCSMVia ""M* I IMO6KT VBsa vor sm lgo oai kcbtws ukik rani* mw ——Sw cm aS" T!L li^ M^r?^'tll2iS:~ uusa w-iwrfw-HHFlfr&ttSriStaS9K SS —2% iMg 2« hjpajhs OIAI 'nV «wn* J»a HJV/uikoa aim698 words
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Advertisement991 2000-05-16 34 SoHySStSSSSKSHNK gpotr 1 VPSE/VOYAGE SGP ROM HOG THP IZH 1 AWW IHV B EOfIJJIE IW-01S l£s* 13/06 LMMHH ?i/os 14/P* it/o* 11/0* io/o* 20/o**2o/0* t. DOJ6HT WM)I3 03/0* ?t/0* 24/0* 2*/P* 27/0* 21/0* 21/0* AISO ACCEPTING CARGO TO AND FROM:- FMUND, DfNRUUM, SWEDEN, RUSSIA I tNORWAY MHHAHMH/iUttK SIA/RJKOW HMVKIS I991 words
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Advertisement878 2000-05-16 34 r ADVANCE CONTAINER UNES (PTE) LTD AL«L- TEL; 221MZ1, FAX *****18, TELEX :RS ***** ACLPL CR NO *****M0000C FOC BOOONOS PIIASi CALL *****23 SALES A MAMCETMO *****21-28 <*■ j BMHK V«» Ivor I jkt B>X/A MA$ [R*J] JOg V* UAOHE lUTCI) 043 16/5 lu. 19/5 Fn SEA MERQiANTIBtf AQil Sft»ll6s878 words
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Advertisement388 2000-05-16 34 SO TOOK BLANGAH ROM KJ2-02 OTIPOffT CENTRE STORE OHMS TEL: *****11 (6 lines) FAX: *****05 TUC RS ***** CR NO. **********0W *ssa VOY n* ETD OESTMnON LMAMUI *****1 21IUW 270&7 M PONTUMM INAOUKWA 20,7000 2i.tS.7M PKL. lALAN INABUKWA *****0 31/OS/2M 01M/2M PALBMM/KL MM For tnq*iri«s ami bookings please contact SEASPACE388 words
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Advertisement366 2000-05-16 35 MM MYANMA «BBk FIVE STAR UNE (Mvmnmt Notiowl Um) Loo<H for Yaßgon VESSH VOY SIN P«1 PEN PGU ikum **w su> IMNMIN WW 25/05 BULAYSU AGENTS: BOUSTEAD SMPPMG AGENCIES OL TH (03) *****00 P«L TH (03) 37M101 nt TH (04)2****** POfc TH (07)*****21/4 BANK LINE (A Sf»k» »f Asdrtw NORTHBOUND366 words
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Advertisement1185 2000-05-16 35 HMNEHYUNDAI MERCHANT MARINE CO., LTD. Ivßsa vor m\ sou 1w 1 rtb ami hab 1 BRvliwssa wrlsoul ibi I rib I ant |ma I brv Ifr **ST| HYAOMBAL 32*W 11/05 05/0* 10/0* 07/0* 08/0* APIIOUTI 01* 28/04 24/ M 23/04 25/04 H/05 NYNKMBS 324W 22/05 14/0* 07/0* 08/0* 10/0* BAAS1,185 words
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Advertisement615 2000-05-16 35 vOOv WALLENIUS WILHELMSEN TO NORTH AMD LATIN AMERKA "CAR RORO HIAVYIIfT SERVICE' iVKSQ VOY UW HBGNT SW UC MAO |MU SAV I BAL I Otf NYC ISW MOB VMO AHOII 4001 MS A.3M 24/05 25/0* 03/07 04/07 01/07 10/07 UjW 13/07 T77oT 20/07 TOUKOMG AHOI2 4001 MS *JM 11/0* 10/07615 words
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Page 36 Advertisements
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Advertisement1263 2000-05-16 36 MatMi INDONESIA NATIONAL LINE TO AUSTRALIA H RJLL COWTMNER REBVIC6 va jrer m aw m m srp m m «a wi WNUU IB 17/HIS/K Jt/05 J»/05 JO/OS 01/06Mi 3H OWT B/OS 31/5 M/M fi/S wbw IoT w/ts 31/ os mm ii/it ii/» ii/ot »/*m/u n/ot u/m h/m n/o* FEEDER SERVICE1,263 words
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Page 39 Advertisements
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Advertisement47 2000-05-16 39 j^rj* Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum to Pg 3 Mon/Wed/Fri Pg 7 Woridgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To EAST MALAYSIA L AST/ d*t* service DETAILS Pg 8 Pg 1 (Barwil)47 words
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Page 41 Miscellaneous
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Miscellaneous121 2000-05-16 41 V LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Showers S^\ Rain Temperature C„/ Wind direction and speed in knots Cloudy Day Weather (><J Hazy Wind speed symbols Sea Conditions O Pull circle w/o line indicates calm or light and variable winds I 1 -2ni -»—One half fleche represents 5121 words
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Page 42 Advertisements
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Advertisement368 2000-05-16 42 NOTICE OF A RATE RESTORATION IN THE ASIA/NORTH EUROPE TRADE ON 1 AUGUST 2000 In October 1999 the Member Lines of the Asia Westbound Rate Agreement (AWRA) issued a press announcement giving an early indication to their Customers in the Trade from Asia to North Europe of their intention to368 words
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