The Business Times, 18 May 2000

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asia 1 .com.sg/ THURSDAY, MAY 18, 2000
    16 words
  • Article
    Lock icon MARKET SUMMARY
    68 1 sn 201L83 (-42.82) BT-SRI 75&3K (4.72) SmSCI FUTURES ***** (-1.00) STOCK MARKET INDICES Wednesday Change KLSE COMP ***** *4.45 NIKKEI 17,404.03 147.22 HANG SENG _14.827.81 -***** irriNnn rwoH JAKARTA COMP 514.85 >17.03 MANILA COMP __1.534.05 >26.07 TAIPEI WPI 9.085.74 >***** SEOUL COMP 727.18 -1959 CLSA CHINA B .826.
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  • Article
    Lock icon FINANCE
    82 1 FOREX RATES us* s$ L'SS 1.730 £(l'SS/S$ per 1.498 1591 EURO{US$/S$/E) 0.895 1.549 DM 2.184 0.792 YEN 1093 15X3 RM 3.800 0 455 HK$ 7.790 0522 BAHT 3923 0 044 RLTIAH &430 0021 'St lo 100 uiuts PRIME RATES SINGAPORE* 5.80 Kl'ALA UFMPUR 7.«7 JAKARTA :».00 BANGKOK .9.511 MANILA
    82 words
  • Article
    Lock icon Has the Fed left it till too late?
    1065 1  -  COMMENTARY Asia's initial relief yesterday may well prove a little premature, says Larry Wee Larry Wee IWM HE widely-expected move by the US Federal Reserve to raise its key Fed funds rate by a heftier 0.5 percentage point to 6.5 per cent
    1,065 words
  • Article
    Lock icon UK online retailer totters on brink of collapse
    488 1 Analysts fear other e-t&iling stocks may suffer if it falls Reuters [LONDON] British online retailer boo.com was on the verge of collapse yesterday, signalling the first failure of a major Internet player and fuelling a potential backlash against e-tailing stocks. "(boo.com) is
    Reuters  -  488 words
  • Article, Illustration
    Lock icon NEL's profit warning sends electronics shares reeling
    889 1  -  Big Four contract manufacturers' shares dive, led by NEL's 31% By Jennifer Lien [SINGAPORE] The share prices of listed contract manufacturers took a battering yesterday after a profit warning from Nat Steel Electronics (NEL) on Tuesday caused analysts to slash their earnings forecasts
    Source: Bloomberg  -  889 words
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      118 1 imspe BT Comment Net phoning: too tough to call? Next Pmg* Top stories Negotiable broker rates in HK in 2 years. Pg 11 Indonesian financial markets yesterday welcomed the country's signing of a letter of intent with IMF. Next Page Qantas, SIA and Cathay Pacific close to announcing deal on
      118 words
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      15 1 lin 4UK dotcoms could run dry in 6 months. PwC, Pg 13 »j|, j I''
      15 words
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      96 1 PW rate hike: Afore reports, Pg 3 Inrii In tun >- ifiii/ili Model. ulnmatu ilir<>inti;r(ii>li. aiailtibU in plat in ii in V 5". /.S'<7. YclloH m /link old jSmp' hilciiuitmiHil JKm 10-vcar MB? anlfi. S wi lunul-nuuU. n //%T I i t" it 1- J I "%> 4' f lr"
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Need help with the PR?
        78 2 IT looks as if the Institute of Public Relations of Singapore (IPRS) could do with some help to get its own PR act together. The director for corporate affairs of a high-profile organisation in Singapore rang up the institute recently to ask for help in
        78 words
      • Article
        Lock icon Out for a breather Down Under
        62 2 IF you're wondering where the lawyers at Wong Partnership are, they're taking a well deserved break in Melbourne. For putting in all those extra hours of work, staff are being treated by the firm to an all-expense-paid holiday that started yesterday and which ends
        62 words
      • Article
        Lock icon Happily housebound
        84 2 A SIMEX local has nothing but praise for "tele-commuting", that New Economy notion of working from home. Not only does the technology allow him to trade through his home terminal while in his pyjamas, he can look after his three dogs while his wife goes out to work.
        84 words
    • Article, Illustration
      Lock icon IMF, Jakarta sign letter of intent for US$400m loan
      777 2  -  Rupi&h, Jakarta stocks stage mild rally; IMF allows imposition of VAT on Batam to be deferred From Shoeb Kagda in Jakarta INDONESIA'S financial markets yesterday staged a mild rally with both the rupiah and the stock market rising on news that
      AFP  -  777 words
    • Article
      Lock icon Qantas, SIA, Cathay setting up online travel agency: report
      538 2  -  Web site could slash costs of distribution and edge ont intermediaries and other online travel retailers: AFR From Surinder Singh in Sydney QANTAS, SIA and Cathay Pacific are close to announcing a deal which will see the creation of a new
      538 words
    • Article, Illustration
      Lock icon Net phoning – too tough to call?
      645 2  - Net phoning too tough to call? TECHNOLOGY mm anA Tnt»li«a« I" ""*«> o«*nmnHIanil HanwHwff kenneth james TO Singapore technopreneur Ng Kai Wa the future of telecommunications is clear: "The industry knows that the future is IP-based," he said in a recent interview with BT. That's one heck of a statement,
      645 words
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  • FED watch
    • Article
      Lock icon The Fed shows it won't bow to politics
      611 3  -  NEWsrrrrmrerei Rate hikes could threaten AI Gore's presidential chances and give Bush political momentum From Leon Hadar in Washington THE indications that the US Federal Reserve has opted for a more aggressive interest rate policy could well slow the booming US economy,
      611 words
    • Article, Illustration
      Lock icon Like Terminator, Fed rate hikes will be back: Wall Street
      545 3 Reuters [NEW YORK] Wall Street has not seen the last of the Federal Reserve, leading investment firms said after Tuesday's half-point rise in key interest rates. Like Arnold Schwarzenegger in The Termi nator, the Fed signalled: "I'll be back." And
      Reuters  -  545 words
    • Article
      Lock icon Local lending rates unaffected by US hike
      674 3  -  In fact, benchmark 3-month interbank rate eases from last week's 18-month high Ihj Ling Su Ann [SINGAPORE] The widely anticipated 50 basis point hike in US interest rates on Tuesday has not put pressure on Singapore lending rates, with the benchmark three-month interbank
      674 words
    • Article
      Lock icon FOMC statement
      213 3 The following is the text of a statement issued after Tuesday's meeting of the Federal Reserve's Open Market Committee. AFP "The Federal Open Market Committee voted today to raise its target for die federal funds rate by 50 basis points to 6.5 per cent In a related action,
      AFP  -  213 words
    • Article, Illustration
      Lock icon Wary Asian markets close mixed
      263 3 Reuters [SINGAPORE] Regional stocks were a mixed bag yesterday as the market still assessed the possible impact of the Federal Reserve's 50-basis-point tightening overnight. Asian currencies were lifted briefly by a rebound in the rupiah, caused by the sooner-than-expected signing of Indonesia's letter of intent
      Reuters; AP  -  263 words
    • Article
      Lock icon Dow slides at opening
      53 3 Reuters [NEW YORK] US stocks sank at the open yesterday as Wall Street sobered at the prospect that the Federal Reserve may keep raising rates. By noon EST, the Dow Industrial Index was down 166.20 points at 10,768.37 points after advancing in the previous session following
      Reuters  -  53 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Astra dives on talk that Soros fund may sell its stake
      420 4  -  SaleofLazard's 113 m Astra shares to CCL seen to be finalised this week By Christopher Tan SPECULATION that billionaire investor George Soros' flagship Quantum Fund may sell its stake in Indonesia's Astra International drove its stock price to a
      Source: Bloomberg  -  420 words
    • Article
      Lock icon Asti aborts 19.8m share placement
      271 4  -  Weak market has led to the cancellation of deal with Vickers Ballas liy Andrea Tan SEMICONDUCTOR equipment maker Asti Holdings said yesterday it has called off its placement because of weak market conditions. Last week, Asti said it would place out 19.8 million new shares
      271 words
    • Article, Illustration
      Lock icon Building group Hua Kok raising $20m from IPO
      465 4  -  MEW LISTING By Marissa Chew CONSTRUCTION and precast components manufacturing company Hua Kok International yesterday said it will be raising up to $20 million in its initial public offering. The company, which received fii'-prtriciple approval to list on. tha,Singapore Exchange yesterday; WIT!
      ARTHUR LEE  -  465 words
    • Article
      Lock icon Trading SGX shares on the Net at a discount
      482 4  -  By Toh Han Shih [SINGAPORE] Thanks to the Internet, shares listed on the Singapore Exchange (SGX) can be traded at commissions lower than the usual rates. Boom.com, a Hongkong Internet stock brokerage, allows investors to trade SGX shares over the Net
      482 words
    • Article, Illustration
      Lock icon Tokyo market: new-look Nikkei causing false alarm
      885 4  -  HOCKfWytcM'JJ anthony rowley THERE is much confusion in the Tokyo stock market as a result of last month's decision by the Nihon Keizai Shimbun publishing group to change the components of its Nikkei-225 stock index, a globally-used benchmark of Tokyo share prices. Investors
      Source: Bloomberg  -  885 words
    • Article, Illustration
      Lock icon KepLand to wire up all its developments
      405 5  -  'E-lifestyle' homes and offices planned for S'pore and region, starting with waterfront project By Andrea Tan KEPPEL Land said yesterday that it would wire up all its developments, starting with its waterfront project which will be launched in the third quarter. KepLand and
      CHRIS LOH  -  405 words
    • Article, Illustration
      Lock icon Two SIA units M more than 6% over concerns
      227 5 Investors wonder abont returns from expansion plans Bloomberg SINGAPORE Airport Terminal Services (Sats) and SIA Engineering both fell more than 6 per cent, as investors raised questions about when the two units of Singapore Airlines Ltd will see profit growth from
      Bloomberg  -  227 words
    • COMPANY Briefs
      • Article
        Lock icon CEO change for Panpac Media.com unit
        51 5 PANPAC Media.com Ltd said Thomas Yeoh Eng Leong has resigned as chief executive officer of its subsidiary Panpac E. Media Pte Ltd. Mr Yeoh will remain as adviser and director. Robert Ng Guam Hai will replace Mr Yeoh as chief operating officer of the
        51 words
      • Article
        Lock icon Food Empire buying into creamer maker
        59 5 MAINBOARD-LISTED Food Empire Holdings yesterday said it intends to acquire a 35 per cent stake in Ernsts Food Ingredients Sdn Bhd for RM1.75 million (SS800.000). Ernsts produces non-dairy creamer. Food Empire said Ernsts is planning to build a new production facility costing RM8.62 million
        59 words
      • Article
        Lock icon Capital Group ups NEL stake
        76 5 US fund The Capital Group Companies has bought more shares Natsteel Electronics. The substantial shareholder bought 70,000 shares at $9 each on April 27; 100,000 shares at $8.34 on May 12; 200,000 shares at $8.20 on May 15; and 100,000 shares at $8.33 on May
        76 words
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      Lock icon Page 5 Advertisements Column 1
      75 5 Each year here at Jaecer-leCoultre, WE EXPECT ANOTHER "MANUFACTURE" TO PRODUCE AN EVEN SMALLER MOVEMENT... WE HAVE BEEN WAITING SINCE 1929. V'J B Ti ii CAI iBkL 101 II II \x/( )Rl I)S S.MAI MSI Ml lIA NI Al MC )VI Ml NI 98 PAN I S ANI) \VI IC
      75 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      484 6 Stocks Volume Nat Elec 10c 42,410,000 Avaptas 5c 39,473,000 NatSteel 50c 24,540,000 AirOcean 5c 13,323,000 CE!5c 11,516,000 Jurong Tech 10c 9,952,000 NOL 9,054,000 Omni Ind 10c 0,994,000 Inno-Pac20c 8,760,000 ChewEuHock 20c 8,337,000 Stocks Nat Elec 10c 256.800,150 Chart Semiconductor 26c 74.681,965 NatSteel 50c 72,893,170 VentureMlg25c 53,972,566 DBS Qrp 35,637,840 UOB
      484 words
    • Article, Illustration
      Lock icon NEL's profit warning, Fed rate hike deal blow to STI
      542 6  -  STOCKS r. sivanithy NATSTEEL Electronics' profit warning reverberated around the local stock market yesterday, sending shock waves that brought contract manufacturing counters to near-to-tal collapse and helped to plunge the Straits Times Index down 42.82 points to 2,011.83. A steep
      542 words
    • Article, Illustration
      Lock icon Sterling, A$ hit by US rate hike
      437 6  -  CURRENCIES larry wee CURRENCY markets showed a mixed response in Asian trading to the expected 0.5 per cent US interest rate hike overnight, with the sterling pound and Australian dollar worst-hit, but regional currencies proved a little more resilient. And those most closely-linked
      Source: Reuters  -  437 words
    • Article, Illustration
      Lock icon MMI warrant: decent numbers, time not a concern
      204 6  -  WARRANT WATCH By R Sivanithy INTERNET and dotcom plays are no longer the rage that they used to be, mainly because of the recent volatility on Nasdaq and a realisation that the companies concerned have to start delivering on the earnings front.
      204 words
    • Article, Illustration
      Lock icon NOL: nearing resistance levels
      219 6  -  HOT STOCK By Wong Wei Kong SHARES of national shipping group Neptune Orient Lines (NOL) continued to move higher yesterday, with the stock finishing among the session's biggest gainers and most active issues. NOL shares finished up 7 cents or 4.96 per cent at 51.48. The
      219 words
    • Article
      Lock icon Market Notices
      169 6 ♦ACE Dynamics will be trading ex-dividend (final dividend of 0.05 cent) on June 19. Last day for buying-in on a cum basis is on June 22. Date payable is on July 5. ♦HONG Fok will be trading ex-dividend (first and final dividend of 1 cent) on June 6.
      169 words
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      Lock icon Page 6 Advertisements Column 1
      106 6 Nominations for the 2000 Enterprise 50 awards are now open Companies can nominate themselves by completing the official nomination form. Jm Companies must be home-grown, J privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition), with four years of Celebrating Singapore's audited statements. Enterprising Spirit V Nomination forms are
      106 words
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      Lock icon Page 6 Advertisements Column 2
      26 6 i Do you need flexible financing for your share purchases 0 Call us at 323-3955 and find out what we can do for you DBS BANK
      26 words
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      341 7 Th.s advertisement has been approved by Deutsche Bank AG London regulated by SFA for the conduct of investment business in the UK The services described in this advertisment are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation Source CommScan
      341 words
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  • SINGAPORE news
    • Article
      Lock icon CPF keeps interest for Ordinary, Medisave accounts at 2.5%
      207 8 THE Central Provident Fund Board will continue to pay interest of 2.5 per cent per annum for CPF savings in Ordinary and Medisave accounts from July 1 to Sept 30 this year. The board said in a statement yesterday that the
      207 words
    • Article
      Lock icon Embracing e-commerce is matter of survival for S-E Asia
      343 8  -  ASEAN MISSION TO THE US Firms have no choice but to use the Net to stay competitive: George Yeo Reports from Eugene Low in New York FACED with global competitive pressures, South-east Asian countries will have no choice but to embrace
      343 words
    • Article
      Lock icon Don't overlook SEA's long-term potential
      455 8 Region offers competitive edge to US investors: B6 Yeo IT is in the interest of the US government and corporations not to lose sight of South-east Asia's long-term potential, Minister for Trade and Industry George Yeo said here on Tuesday. The region is huge in
      455 words
    • Article
      Lock icon April exports seen rising 13-15%
      358 8 AFX-Asia SINGAPORE'S non-oil domestic exports in April should show a gain of 13-15 per cent year-on-year after rising 17.1 per cent in March, with growth led by semiconductor and telecommunications equipment exports, economists say. They believe the prevailing component shortages faced by electronics contract manufacturers
      AFX-Asia  -  358 words
    • Article, Illustration
      Lock icon Having a ball of a time
      66 8 OVERSEAS Union Bank president Peter Seah teeing off at the inaugural OUB Platinum Circle Golf Experience tournament at the Tanah Merah Country Club yesterday. The top prize of the tournament is an all-expense paid trip and VIP tickets to the British Open at St
      CHRIS LOH  -  66 words
    • Article
      Lock icon New Phoenix award for comeback technopreneurs
      310 8  -  NTSB targets those who rise from ashes of failed ventures By Kenneth Lee THE National Science and Technology Board yesterday launched the inaugural Phoenix Award, which recognises technopreneurs who have braved failures and created other high-tech business ventures. "We have this award in order
      310 words
    • Article
      Lock icon PA is not the developer of Tampines commercial centre
      121 8  -  MAIL I.Tn Ooi Hui Mei (Ms) Deputy Director (Public Affairs) for Chief Executive Director People's Association Singapore I REFER to your Property column, "People's Association in the property game" (BT, May 16). Your writer Lee Han Shih has got the facts
      121 words
    • Article
      Lock icon Having more money helps boost birth rates
      565 8  -  Tan Keng Soon I WOULD like to thank Pek Beng Choon, Director (Budget), for taking the trouble to reply ("Critic of high reserves got it all wrong: govt", May 15) to my last letter to Mailbag. It gave us interesting insights. However, I
      565 words
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  • eNews
    • Article, Illustration
      Lock icon Prop I-nets in tie-up with SingTel Mobile
      550 9  -  Listed firms may take stakes in property portal; New York Times in talks to nse company's technology By Johnny Yeo AWARD-WINNING Singapore property portal Prop I-nets.com has, within two years of its inception, caught the eye of Sing Tel Mobile, the New York
      FILE PHOTO  -  550 words
    • Article
      Lock icon US House passes bill to block FCC from imposing fees for Internet use
      353 9 WASHINGTON Myth of surcharge on Net usage laid to rest Reuters THE US House of Representatives on Tuesday passed a bill blocking the Federal Communications Commission (FCC) from imposing fees for using the Internet for everything except
      Reuters  -  353 words
    • e Briefs
      • Article
        Lock icon 7 Japanese firms in online venture
        97 9 AFP [TOKYO] Seven Japanese finance companies announced the launch yesterday of an Internet sales and marketing site and said they would expand it to offer online consultations. The site at http://www.financialone.co.jp "offers a broad range of financial services and information", said the companies, known
        AFP  -  97 words
      • Article
        Lock icon Lycos Europe incurs 28m euro loss
        54 9 AFP [FRANKFURT] Bertelsmann and Lycos Inc online joint venture Lycos Europe reported yesterday a net loss of 27.7 million euros (5542.9 million) in the third quarter to March 31, bringing its nine-month net loss to 47.7 million euros. The company said third-quarter sales increased
        AFP  -  54 words
      • Article
        Lock icon Prudential unit to offer banking services
        70 9 Bloomberg [LONDON] Prudential Pic said Egg, its online unit, will offer banking services via digital television later this year as Britain's biggest insurer aims to broaden its distribution and tap more than three million Sky Digital customers. Prudential signed a three-year non-exclusive pact with
        Bloomberg  -  70 words
    • Article
      Lock icon Top chemical makers in JV to trade over Net
      184 9 LUDWIGSHAFEN, Germany Bloomberg THE world's top chemical makers, including DuPont Co, BASF AG and Bayer AG, agreed to set up a joint venture in July to buy and sell chemicals over the Internet. The unnamed company will operate as an independent
      Bloomberg  -  184 words
    • Article
      Lock icon Net players warn against heavy regulatory hand
      530 9 PARIS Governments must not overreact, says Internet Alliance AFP THE world's leading Internet players warned governments on Tuesday against applying a heavy regulatory hand to the Web or face seeing the new sector's exponential growth stifled. Existing legislation, voluntary cooperation by industry, smarter
      AFP  -  530 words
    • Article
      Lock icon Intel, Mitsubishi to make chipset for 3G phones
      325 9 TOKYO Bloomberg INTEL Corp, the world's largest maker of computer chips, and Japan's Mitsubishi Electric Corp, said they will develop a chipset for the next generation of cellular phones. Using Intel's technology, Tokyo-based Mitsubishi will be able to make a cellular phone
      Bloomberg  -  325 words
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      Lock icon Page 9 Advertisements Column 1
      362 9 Beat the @-jam... get your message through faster, witn the power of multimedia in your business card. tk 1 CD RO(TI noaaft Cram itoad S»ng«por«2sB3l2 rjjc» 1 w t»S) 71? #1M C«S) 735 77\0 J KM*«hui.fib.tom.t9 1 I MUMS* WW# 1 Put Your Website In Your Customers' Hands your customers
      362 words
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  • REGIONAL news
    • Article
      Lock icon Indonesia raises one-month interest rates
      373 10 JAKARTA Move seen as attempt to prop np weak ropiah Reuters AFP BANK Indonesia yesterday hiked the key interest rate on its one-month paper by an unusually large amount, in a move which analysts said was another attempt to defend the beleaguered rupiah currency. The
      Reuters; AFP  -  373 words
    • MARKET moves
      • Article
        Lock icon Languishing Time
        151 10 INVESTORS continued to dump Time Engineering after its scuttled deal with Singapore Telecommunications last week. The counter shed 8 sen to RM4.26 yesterday, 31.3 per cent lower than its peak of RM6.20 last month when the deal was first announced. Although Khazanah Nasional will replace Sing Tel and
        151 words
      • Article
        Lock icon Clipped wings
        73 10 NALURI Bhd the parent of national carrier Malaysian Airline System eased another 3 sen to RM1.46 despite winning a reprieve from creditors. Analysts are now waiting for the Kuala Lumpur Stock Exchange to query the company on its plan to dispose of assets in order to retire half
        73 words
      • Article
        Lock icon Subdued tech stocks
        70 10  -  Compiled by Eddie Toh WHILE the broader market shrugged off the US interest rate hike, trading of Malaysian technology stocks has become rather subdued due to the volatility of the US technology bourse, Nasdaq. Lityan was the most active technology stock but it closed unchanged at RM5.35
        70 words
    • Article, Illustration
      Lock icon Khazanah to be given 'active participation' in Time dotCom
      472 10  -  Analysts suggest that the final price tag may be less than SingTel's offer of RM&3oashare tYam Eddie Toh in Kuala Lumpur KHAZANAH Nasional will be allowed "active participation" in Time dotCom's management although the Malaysian government investment arm does not have
      472 words
    • Article
      Lock icon Asia post-crisis revamp slow: MAS official
      171 10 SYDNEY Reuters ASIA'S financial and corporate restructuring in the wake of the regional crisis is proving slow and cumbersome, a Singapore Monetary Authority (MAS) executive said yesterday. "Bank reorganisation has been incomplete and slow. Debt restructuring has been very limited, and if anything has
      Reuters  -  171 words
    • Article, Illustration
      Lock icon Clearing the air
      59 10 [BANGKOK] A Thai mechanic, wearing a mask, yesterday measuring emission levels from a motorcycle during a campaign aimed at reducing white-fume exhaust in Bangkok. The campaign, partly sponsored by the World Bank, will offer free of charge to 2,ooomotorcyclists a check-up and tune-up in a survey of
      AFP  -  59 words
    • Article
      Lock icon M'sia anti-graft body quizzes Telekom execs
      358 10 KUALA LUMPUR Probe involves alleged kickbacks by Mitsui to clinch Telekom contract NST MALAYSIA'S Anti-Corrup-tion Agency (ACA) has interviewed and recorded statements from several executives of Telekom Malaysia Bhd, the Finance Ministry and Mitsui Co Ltd of Japan in connection with allegations the Japanese
      NST  -  358 words
    • Article, Illustration
      Lock icon Suharto family's business empire largely intact despite ouster
      863 10 ■JAKARTA Business as usual at Bimant&ra and Citra Marga, although their premiums have vanished Bloomberg TWO years after former Indonesian president Suharto was ousted from office, large parts of the industrial empire that was forged by his family are still very much
      Bloomberg  -  863 words
    • Article
      Lock icon Negotiable broker rates in HK in 2 years
      590 11  -  Rules filing minimnm commissions for stocks, futures deals to be scrapped from April 1,2002 From Quak Hiang Whai in Hongkong HONGKONG will free brokerage commission rates in two years' time, following the endorsement yesterday by the board of Hong Kong Exchanges and
      590 words
    • Article
      Lock icon China Minsheng Bank to raise 2b yuan from listing
      513 11 Shenzhen share sale seen as test of demand for China's banking stocks Bloomberg AFP [BEIJING] China Minsheng Banking Corp, China's only privately owned lender, said it plans to raise two billion yuan (*****.7 million) by selling shares to domestic investors for
      Bloomberg; AFP  -  513 words
    • Article
      Lock icon China Unicom tipped to raise US$4b in HK, US listings
      235 11 AFP [HONGKONG] China Unicom, China's second largest telecommunications operator, will raise about US$4 billion (556.9 billion) from its share offering ahead of listings in Hongkong and New York, a brokerage source said yesterday. The company has started marketing the share
      AFP  -  235 words
    • Article
      Lock icon HK$15.8b Cyberport deal signed
      300 11 HONGKONG Cost overruns, if any, will be borne by CyberWorks AP AFP THE Hongkong government yesterday signed a contract with Pacific Century CyberWorks Ltd for the construction of a high-technology industrial park. The total construction cost for the Cyberport, a large-scale development that will house offices
      AP; AFP  -  300 words
    • Article, Illustration
      Lock icon Champion for the sporting spirit
      83 11 [HONGKONG] Timothy Fok, son of local tycoon Henry Fok and president of the Hong Kong Sports Federation Olympic Committee, addressing a news conference on Tuesday on Hongkong's bid to host the 2006 Asian Games. This is the first time the territory has ventured into the
      REUTERS  -  83 words
    • Article
      Lock icon Sina.com Q3 loss surges to US$12m
      282 11 HONGKONG Bat sales rose 247% during period, says China Web site Bloomberg SINA.COM, which bills itself as China's most popular Web site, said its third-quarter loss widened ninefold as sales surged more than 240 per cent. Sina.com, reporting earnings for the first time since
      Bloomberg  -  282 words
    • Article
      Lock icon Asia funds gloomy on region's economy: poll
      225 11 LONDON Reuters ASIA-PACIFIC investment managers have turned gloomy about the region's economy, underlining their bearish attitude to the prospects for world economic growth, according to the May Merrill Lynch Gallup fund manager survey. The poll, issued yesterday, shows only 33 per cent of
      Reuters  -  225 words
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      661 11 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I CORRIGENDUM Re: Liquor Licence Notice in the Business Times on II April 2000 The Applicant for Liquor Licence for Maharajah Holland should be Manjit Kour and not as published. Dated: 18.5.2000 CORRIGENDUM Please be informed that the Liquor
      661 words
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  • WORLD news
    • Article, Illustration
      Lock icon Terra to pay US$12.5b in stock for Lycos
      848 12 MADRID New company Terra Lycos set to rival AOL; expected to breakeven next year Bloomberg TERRA Networks SA, Europe's second-largest Internet service provider, agreed to buy Lycos Inc for US$l2.5 billion (5521.5 billion) in stock to enter the US market and to
      Bloomberg; REUTERS  -  848 words
    • Article
      Lock icon 34% more firms went bust in Japan in April
      367 12 TOKYO Reuters CORPORATE bankruptcies in Japan rose for the sixth straight month in April, climbing 34 per cent year-on-year to 1,562 and further failures were virtually unavoidable, a credit research firm said yesterday. Analysts said the soaring bankruptcies would bring short-term
      Reuters  -  367 words
    • Article
      Lock icon Hyundai Motor, auto units to split from parent
      179 12 SEOUL Bloomberg HYUNDAI Motor Co, Korea's largest carmaker, and three other auto units will sever their ties with parent Hyundai Group by the end of next month, a plan aimed at creating a more focused company. Hyundai Motor approved the separation programme
      Bloomberg  -  179 words
    • Article, Illustration
      Lock icon A single-minded fighter with eye on winning
      635 12  -  PEOPLE By Robert Davis, Deidre Leipziger AP I HAVE a T-shirt framed outside my office, saying: "You let up, you lose." I bought it in a bar room in my early days at Lycos. I was meeting at a hotel with some investment
      AP  -  635 words
    • Article
      Lock icon HP's 2nd quarter profit up 6.5% on strong PC, Unix server sales
      386 12 SAN FRANCISCO USsBl6m gain beats forecasts; Agilent spin-off to be completed Jane 2 NYT HEWLETT PACKARD Co reported fiscal second-quarter earnings Tuesday that exceeded Wall Street estimates. The company cited strong sales of personal computers and Unix servers
      NYT  -  386 words
    • Article
      Lock icon Mori moves to apologise amid furore
      417 12 TOKYO Hot issue but LDP still likely victor in polls: analysts Reuters BOWING to pressure to calm a political storm in the run-up to elections, Japanese Prime Minister Yoshiro Mori moved to apologise for remarks that echoed the wartime past, domestic media said yesterday.
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    • Article
      Lock icon Sumitomo back in black with 26b yen profit
      223 12 TOKYO Bloomberg SUMITOMO Corp, Japan's fifth-largest trading company, returned to profitability in the year through March, as many Asian economies recovered and higher energy prices boosted earnings. Sumitomo reported group net income of 26 billion yen (Ss4l3 million), or 24.47 yen a
      Bloomberg  -  223 words
    • WORLD Watch
      • Article
        Lock icon Jobless rate drop hides UK makers woes
        133 13 Reuters [LONDONI A sharp fall in British unemployment in April to a 20-year low of 3.9 per cent disguises a miserable picture for the country's manufacturers, who are being clobbered by the pound's strength against the euro. Official data yesterday showed jobs in
        Reuters  -  133 words
      • Article
        Lock icon Granada, Compass to merge
        59 13 Bloomberg [LONDON] Granada Group Pic and Compass Group Pic agreed to merge, forming the world's biggest catering company and allowing Granada to spin off its media unit, owner of one-third of the UK's Independent Television network. Each Granada share will be exchanged for 0.7547 Granada Compass
        Bloomberg  -  59 words
      • Article
        Lock icon Camden suffers 14% slide in profits
        97 13 Reuters [CAMDEN, New Jersey] Campbell Soup Co yesterday reported a 14 per cent decline in fiscal third quarter earnings and said full-year results may miss forecasts because of weak soup demand. It said it earned US$l39 million (Ss24o million), or 32 US cents per
        Reuters  -  97 words
      • Article
        Lock icon Record sales boost Toyota earnings
        102 13 AP [TOKYO] Record export sales at Toyota Motor Corp softened the Impact of a rising yen and helped lift profits 14 percent on the year, Japan's largest automaker said Wednesday. Toyota posted a group profit 0f406.7 billion yen (556.4 billion) in the fiscal year ending
        AP  -  102 words
      • Article
        Lock icon Linde set to get nod for share sale
        80 13 Bloomberg [MUNICH] Linde AG shareholders are expected to give the German company permission to sell new shares worth 2.2 billion euros (553.4 billion) amid talk it may team up with Praxair Inc to buy BOC Group Pic after a rival bid failed.
        Bloomberg  -  80 words
      • Article
        Lock icon Euro consumer price rise slows in April
        115 13 Bloomberg [BRUSSELS] Consumer price increases slowed in the euro region last month, falling below the European Central Bank's 2 per cent ceiling for the first time since January. Prices rose 0.1 per cent in April from March and 1.9 per cent from April
        Bloomberg  -  115 words
    • Article
      Lock icon Quarter of UK dotcoms could run dry in 6 months
      281 13 LONDON PwC study shows no clear link between share performance, length of bnrn rate Reuters A QUARTER of UK Internet companies could run out of cash within six months and most of the remainder within 15 months, research commissioned by
      Reuters  -  281 words
    • Article, Illustration
      Lock icon Oz dollar takes a dive
      89 13 [SYDNEYI Customers yesterday using an automatic teller machine at a Sydney branch of the Westpac bank during lunchtime. The Australian dollar crashed to a 21-month low of US$O.57, due to the ongoing strength of the US dollar, which has been buoyed by a robust economy.
      REUTERS  -  89 words
    • Article
      Lock icon European ministers to sign 6.6b euro order: Eurocopter
      194 13 MARIGNANE, France Bloomberg EUROCOPTER said it expects European ministers to sign the continent's largest-ever helicopter order, worth 6.6 "billion euros (5510.2 billion), at the Berlin Air Show in June. The company expects firm orders for 244 NH9O military helicopters from France, Germany,
      Bloomberg  -  194 words
    • Article
      Lock icon Vodafone-Vivendi Net venture to go public in 2 years
      311 13 PARIS Vizzavi to offer Web access to more than 70 million people Bloomberg VODAFONE Air Touch pic and Vivendi SA plan an initial share sale for their European Internet venture, newly baptised Vizzavi, within two years to give it the means
      Bloomberg  -  311 words
    • Article
      Lock icon Global infocom boom a boon for Japanese component makers
      276 13 TOKYO Reuters THE global Internet and mobile phone boom has helped Japanese makers of electronic components defy the country's recession to post healthy profits, earnings results released yesterday showed. Rising demand for components such as chip ceramic capacitors and chip inductors
      Reuters  -  276 words
    • Article
      Lock icon KKR's US$10b buyout fund to be world's biggest
      712 13 NEW YORK Buyout funds set to raise record amounts this year Bloomberg KOHLBERG Kravis Roberts Co aims to amass as much as US$lO billion (5517.2 billion) for what would be the world's biggest buyout fund, tapping demand for returns that outstrip the
      Bloomberg  -  712 words
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      593 13 Noble group limited (Incorporated in Bermuda with limited liability) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN ffiat the 2000 Annual General Meeting of the Company will be held at 18th Floor CRC Protective Tower 38 Gloucester Road Hong Kong on 8 June 2000 at 11:30 a.m. for the
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  • FINANCE & commodities
    • Article
      Lock icon Futures trade at huge discount to cash
      284 14  -  SGX Derivatives Trading/^'porte MSCT Singapore Index Daphne Tay Jardine Fleming THE Singapore stock market closed lower yesterday, suppressed by the dual effect of Nat Steel Electronics' profit warning and concern over further Fed rate hikes. The electronics sector tumbled 10.02 per cent, rocked
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      Lock icon Futures up 16.5 points on positive leads
      310 14  -  MSCI Taiwan fatnres Chan Yet San THE Taiwan stock market had a strong raUy as the market reacted positively to the interest rate hike in the US overnight. Taiwan's president-elect Chen Shui-bian commented yesterday that his inaugural speech on Saturday would ease tensions
      310 words
    • Article
      Lock icon Oil dips as punters lose energy
      135 14 ENERGY REPORT Reuters [LONDON] Steamy world oil prices which have frayed US nerves in recent days cooled down yesterday as speculative buying petered out. "There has been a lot of technical buying by speculative hedge funds," an industry source said. "But they have started
      Reuters  -  135 words
    • Article
      Lock icon CURRENCY REPORT
      330 14 Reuters London INTERNATIONAL investors have yet to be convinced that the plummeting New Zealand and Australian dollars have hit rock bottom and are betting these currencies have further to fall, analysts said yesterday. The New Zealand dollar sank to 15-year lows near US$0.4600 while the Australian dollar fell
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Untitled
      1241 14 MTERBAlfK CROSS RATES Mayl7 AS C$ twb Euro Ftr Dm HK$ Ind Bs Bupiah Yen Won W MZ$ Pafc Bs Peso S$ Bawd Sfr HT$ lafct Hmt U$$ Australia 0.847 4.724 0.636 4.169 L243 4.435 25.028 47.988 0.622 6.347 2.163 1.226 29.514 23.718 0.985 4.030 0.985 17.487 BJB 0 380
      1,241 words
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      Lock icon Untitled
      1894 14 SICOM FUTURES May 17 RUBBER (Marts dosing at SJOpm) RSS1 CONTRACTS ctrtsAg) CiOM VotaM Open Mont* low Sett (tows) Interest Jun 00 119.00 Jul 00 120.50 400 Aug 00 ***** 400 Sep 00 123.50 400 RSS 3 CONTRACT (US c«tfs/tg) VotaM Open Month Hfcjh Low Sett (towns) Interest Jun 00
      1,894 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng tumbles 2.2% as uncertainties grow
      2867 15 HONGKONG AFP QfengSen* -332.48 HONGKONG share prices plunged 2.2 per cent yesterday amid a string of uncertainties following the US interest rate hike, dealers said. "There are other uncertainties on top of tne US interest rate hikes," said Howard Gorges, vice-president at South
      AFP  -  2,867 words
    • Article
      Lock icon Nikkei down 147 pts on profit-taking
      2015 15 TOKYO AFP □Wkkaflß -147.22 SHARE prices in Tokyo closed 0.8 per cent lower yesterday as investors found few buying incentives and took profits on banking and real-estate issues, brokers said. The key Nikkei 225 Index lost 147.22 points to end at 17,404.03. The Topix
      AFP  -  2,015 words
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      Lock icon CHINA
      1015 15 Reuters fl Shenzhen B Index +&27 CHINA'S hard currency B shares closed mixed yesterday due to profittaking after two days of gains based on optimism over talks with the European Union on Beijing's bid for WTO membership, brokers said. The Shanghai B Share Index ended down 0.78 per cent
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,015 words
    • Article
      Lock icon TAIPEI
      366 15 AFP Q VP Index +357.92 TAIWAN share prices jumped 4.1 per cent yesterday following Wall Street's overnight rally and amid eased political concerns ahead of the island's presidential inauguration, dealers said. The Taiwan Stock Exchange Weighted Price Index jumped 357.92 points to 9,085.74 on turnover of NT5178.42 billion. "Both
      AFP  -  366 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KLCI up on MSCI reinstatement moves
      386 16 AFP Q Composite Index +4.45 SHARES closed 0.5 per cent higher yesterday on selective buying of blue chips ahead of Malaysia's reinstatement in the Morgan Stanley Capital International indices at the end of this month, dealers said. The Kuala Lumpur Stock Exchange Composite Index
      AFP  -  386 words
    • Article
      Lock icon Untitled
      8804 16 INDUSTRIALS JOOO Last ,,-Urt V<M D.y N.t Cep MH> Uw Cl—>m »H -OOP High Lw P/t 420 310 AMOomoto 372 20.4 150.S J52 unch 9 97 97 143.0 ltnn »?55 a^ l 2^. 00dH 5 5 530 530 12.6 212.0 222 I?2 Mt.aO'.- 3225 unch 1460 3250 3225 40.6 9208.3
      8,804 words
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      41 16 l Nrpnutt Ortcni lion Limited M IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults in Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      3413 17 BONDS WARRANTS Wt «m> fnmt u*n H LMt VM Dr» LmIOmM ><1 Ma* Can lur Mu HUB w# Ln SIM Cwwmt SlM *er- COM) M* In hr« M« Mo (MHO Ma <%) C»trm*2 laft 80 17 s 3164 Acma W*****4 22.5 -2.5 399 25 22.5 22.5 23.5 24 41.0 1
      3,413 words
    • Article
      Lock icon SEOUL
      313 17 AFP CI Composite Index -19.59 THE Korea Stock Exchange Composite Index closed down 19.59 points at 727.18. Volume was 217.6 million shares worth 2.5 trillion won. AFP M»n «M Anjm Soul ***** 550 BroinToch 1025 125 Central B*n« 1120 195 ChMCwnm *****0 2000 Dm Gu Bank MOO -110 DMttnq
      AFP  -  313 words
    • Article
      Lock icon MANILA
      289 17 AFP n Composite Index ♦26,07 THE Philippine Stock Exchange Composite Index rose 1.7 per cent or 26.07 points to close at 1,534.05. Turnover for the day rose to 2.38 billion shares worth 1.33 billion pesos, up from 1.87 billion shares worth 1.02 billion pesos on Tuesday. May 17 Pesa
      AFP  -  289 words
    • Article
      Lock icon WELLINGTON
      286 17 AFP QNZSE-40 -10.47 THE NZSE-40 Capital Index shed 10.47 points, or 0.5 per cent, to close at 1,997.81 after local and US interest rates were raised. Turnover was NZ$l22 million. Shortly after the Fed lifted its key rate to 6.5 per cent, the New Zealand Reserve Bank took identical
      AFP  -  286 words
    • Article
      Lock icon SYDNEY
      567 17 AFP fl All Ordinaries -13 AUSTRALIAN share prices fell 0.4 per cent yesterday as investors digested a 50 basis point rate hike in the United States overnight, brokers said. The All Ordinaries Index finished 13 points lower at 3,040.1 while the newly-intro-duced SP/ASX 200 dropped 14.4 points to 3,074.8.
      AFP  -  567 words
    • Article, Illustration
      Lock icon JAKARTA
      701 17 AFP F1 Composite Index +17.03 INDONESIAN share prices closed 3.4 per cent higher yesterday on a technical rebound with gains extended by the signing of a new agreement with the IMF, dealers said. The Jakarta Stock Exchange Composite Index closed up 17.03 points at 514.85. A foreign exchange dealer
      AFP  -  701 words
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  • Article
    Lock icon STOCKS sgx
    9597 18 SGXMAHBOARD Transaction date: May 17 Or Sr M wt 52'** Last Vol Day Last Quota Dtv Oiv VM Net Cap Avg U» StNo Coanpany Sale COOP) High Low Buyer SeWer CW P/E $mM Prict MtllTHNDUSTRY 182 95 mc 1000 Acma 50c 128 cd -3 174 131 127 127
    9,597 words
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      Lock icon Page 18 Advertisements Column 1
      72 18 1 /jP§§ij4UDEMARS PIGUET Who is behind an Auoemars Piguet watch? -f 2 5 CorttaaWrtriiCefltre Regional Agent, Showroom fl Service Centrr: AUDI MARS PIGUET (SINGAPORE) PRIVATE LIMITED. available at Singapore O fc ,!,rl Road #03-10/11 Wheelock Place Singapore 2)8880. Tel: 238 6678 Fax: 238 6676. Cortina Watch Centre Pte Ltd L
      72 words
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      497 19 Where to wine, dine and gggg^ i Enjoy our ever-popular Japanese favourites for lunch and in tne evening, tuck in to a wide selection of Japanese, Asian and Western dishes like Sashimi, Roti Prata, Murtabak, Drunken Chicken and Roast Sirloin Beef. Japanese Buffet Lunch $23.90 (Adult), 40% discount (Child) Euro-Asian
      497 words
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      Lock icon Page 19 Advertisements Column 2
      39 19 I k V i 17-24 MAY2OOO Come and feel the pulse of modern Spanish by justo M del Amo Revolving Restaurant Reservations: 831 -6288/58 ManAtrin Sutpymrr J -HP iMMi 5 313 OdiMl Raid. Singapore 238M>7 WW4411 fn hi 2161
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      1020 19 CK7PTIC CROSSWORD Hl>l;tH:T»T7»rsWMM^Central I music). Special: Cinta Di Balik Dennis Foo. I |5 I IS I 14 I IS T'TBBft T? Ts ono am KiH« fpntni' Thn e .°u/ Une Noda. L3O This Week in India (r). I—l—l I I I I I I »I 2 r«urh ur* m r
      1,020 words
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  • MOTORING page
    • Article, Illustration
      Lock icon Where there's smoke...
      460 20  -  There may be a diesel vehicle that needs to have its emission level checked Reports by Christopher Tan AFTER years of education, enforcement and inspections, smoky vehicles remain a scourge in Singapore. Each year, around 10,000 are summoned, with possibly thousands of others unchecked. Given that diesel-driven
      FILE PHOTO  -  460 words
    • Article
      Lock icon Diesel passenger cars: strict rules to stay
      393 20 DESPITE great advances made in diesel technology, the Ministry for the Environment remains firmly against liberalising laws governing diesel passenger cars. In response to BT's query, ENV said it agreed that with the advance of technology, emissions from diesel vehicles had improved considerably
      393 words
    • Article
      Lock icon Kah opts to refurbish Alexandra premises
      266 20 HONDA distributor Kah Motor has scaled down development plans for what would have been a "state-of-the-art facility" in Alexandra Road. The Oriental Holdings company acquired a 100,000 sq ft leasehold site next to Hyundai agent Komoco for $20.9 million in late--1998. The intention then
      266 words
    • Article, Illustration
      Lock icon Is Zoe ready to debug?
      153 20  -  All reports by Christopher Tan BARELY three months after driving her sparkling white Volkswagen Beetle (the only one in Singapore), leading local actress Zoe Tay is now eyeing the sporty Audi TT. The "Queen of Caldecott" was spotted at Audi's new showroom in Leng Kee
      FILE PHOTOS  -  153 words
    • BUMPER to BUMPER
      • Article
        Lock icon MTA gets new office bearers
        64 20 NEW office bearers were elected at the Motor Traders Association annual general meeting last Friday. Michael Wong of Isuzu distributor Triangle Auto is now president, Chia Yong Sian of Nissan's Tan Chong is vice-president and ex-president David Tay of Hyundai agent Komoco is now the
        64 words
      • Article
        Lock icon Auto GTI moves into oar rental
        79 20 AUTO GTI, a company privately held by Tan Chong*s Tan family, has moved into the vehicle rental business after losing its Volkswagen agency two years ago. The company has been sourcing for new brands to represent since Car Cars took over its mainstay business.
        79 words
      • Article
        Lock icon Cheng Yong adds BMW and Volkswagen
        72 20 PARALLEL importer Cheng Yong Credit, which has been selling cars like Mercedes-Benz, Toyota and Nissan, is now targeting two other brand names. The former used-car trader has added BMW and Volkswagen to its portfolio. Neither brand has caught the attention of parallel importers previously.
        72 words
      • Article, Illustration
        Lock icon Test-drive the Octavia this weekend
        69 20 JTA Motors is having a carnival to launch the Skoda Octavia this weekend. Head down to 22 Übi Road 4 on Saturday and Sunday for some food and fun, as well as a test-drive in one of the most highly-rated cars in recent years. There
        69 words
      • Article
        Lock icon Delphi software centre in Bangalore
        61 20 AUTOMOTIVE parts and systems maker Delphi has set up a software technical centre in Bangalore, India. The centre, located at the International Technology Park, will employ about 250 people. Most of them will be involved in developing microprocessor software used in embedded controls for electronic
        61 words
      • Article
        Lock icon GM settles brakes lawsuit for US$19m
        94 20 GENERAL Motors has agreed to a US$l9 million (SS33 million) settlement for a class action lawsuit that alleged the company installed defective brake parts in sedans built from 1968 to 1993. According to an AP report, the New Jersey lawsuit claimed the rear brakes
        94 words
      • Article
        Lock icon Audi offers mobile phone Net service
        65 20 AUDI has become the first German car company to offer Internet service through mobile phones. This wireless application protocol (WAP) service can be accessed at http://wap.audi.de using compatible mobile phones. Users can find out the latest company news and facts as well as scan
        65 words
      • Article
        Lock icon Don't like your new number? Change it
        153 20  -  Compiled by Christopher Tan YOU can reject the number plate of your new car if you don't like it Prom this month, motor traders have to inform customers of the registration numbers of their new vehicles before the registration process is confirmed. A
        153 words
    • Article
      Lock icon The OMV guide
      1243 20 Average open market value (OMV) of cars registered in April. M00&/1MKE CC AVE OMV($) MOOELMAW CC A*0M*5) ALFA ROMEO A156 25 15TO 243X3 FORD MONDeOB-OSDR 1588 ***** AUO A31 6A3DP 1596 ***** fMM*MOCKlftflGLX 15B8 W* AUDI AA1.6A40R 1506 2a 100 HOHQA ACCORD ALTO 1.907 ***** AUOA41BmP4DR 1,781
      1,243 words
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  • Article, Illustration
    Lock icon HOUSEHUNT
    3574 21 Property transactions for selected districts lodged between Apr 17 and May 15. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PMCE PSF I PROJECT NAME/ PflOP CONTRACT TENURE BUK.T-W PRKX PSF STREET NAME TYPE DATE LANO AREA* i STREET NAME TYPE DATE UWOAKA* (SOFT) (SS'OOO) (SS) (SOFT) (S$000) (S$) District 01
    3,574 words
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Offices with the works
      1304 22  -  The growth potential of serviced offices has attracted major developers such as FEO and Hong Leong into the field, with FCC also exploring opportunities in the segment. CAROL EN6 checks out the draws CAROL ENG SERVICED offices form a very small market in Singapore but this
      ALL PHOTOS BY SIEW YAW HOONG  -  1,304 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      186 23 Bridge News Reuters THE Baltic Dry Index was down 3 points on Tuesday to 1,612 points with steady Atlantic panamaxes offsetting a softening in the handy, down 3 to 1,142, and capesize, down 16 to 2,151, indices. The Panamax Index was up 5 at 1,554 points. On the
      Bridge News; Reuters  -  186 words
    • Article
      Lock icon MARITIME STOCKS
      294 23 SCX '000 Mar 17 S 1M CWT Distribution 0.86 0.01 13 Chuan Hup 0.37 -0.01 «78 Cosco tnvastmant 0.19 -0.02 1049 Fraight Link] 0-26 uncti 735 CB Holdings ..0.67 -0.01 20 HaiSunHup 0.34 -0.01 77 IMC HoWngs-HK 5.60 unch 0 Jay* HoMngs 0.18 -0.02 1885 KappalCorp 3.64 -0.04
      294 words
    • Article, Illustration
      Lock icon Freight forwarders face bleak future, warns US logistics expert
      454 23  -  IT IN THE 21st CENTURY They most offer more competitive rates and a seamless, integrated service to survive and thrive Ann Toh [SINGAPORE] Freight forwarders may just get obsolete as shippers and carriers increasingly deal directly with each other, but these
      FILE PHOTO  -  454 words
    • Article
      Lock icon A P Moeller, other shipping lines fined 7m euros by EC
      375 23 Bloomberg [BRUSSELS] A P Moeller, the world's largest privately owned container-shipping company, and 14 other maritime transport companies were fined a total of about 7 million euros (5510.99 million) by the European Commission for agreeing not to offer discounts
      Bloomberg  -  375 words
    • Article, Illustration
      Lock icon Back to cruising
      42 23 [HAMBURG! The stern of the British cruise liner Aurora during its departure from the dock of the shipyard Blohm Voss in Hamburg, northern Germany. The ship was repaired in Hamburg following a mechanical defect on her maiden voyage. AP
      AP  -  42 words
    • Article
      Lock icon Shanghai to build new container port by 2002
      324 23 AFP [SHANGHAI] China plans to build a deep-water container port in Shanghai by 2002 in a bid to boost the city's role as an international shipping hub, the China Daily reported. The container port is part of a three-pronged drive to turn
      AFP  -  324 words
    • Article
      Lock icon Daewoo to seek shareholders' nod for spinoff of units
      314 23 Plan to split group into shipbuilding, heavy machinery and bad debt company Bloomberg [SEOUL] Daewoo Heavy Industries Co, a unit of near-in-solvent Daewoo Group, will seek shareholders' approval for a plan to spin off its shipbuilding and heavy machinery businesses for
      Bloomberg  -  314 words
    • CRUISESHIP pollution
      • Article, Illustration
        Lock icon Alaska takes stock of impact
        687 24 Study calls for tests of air quality and waste discharges into waters and a survey of ships' waste practices Reuters [ANCHORAGE, Alaska] Regulators seeking to prevent cruise-ship pollution should measure air quality this summer in Juneau, conduct random tests of waste discharges into Alaska's waters
        Reuters; FILE PHOTO  -  687 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      165 24 PACE tyakUoyd 8 ACl 6 Dongnama 3 AKL 3 Imtam 6 Accort 8 ECL 4 Appensfiip 5 ECUline 6 Austral 8 Evergreen 6 Balaji Shpg S FoongSun 8 BSA 7 Clink 4 B'tangMas 8 Gemartrans 6 CCNI 7 Haogti 7 CMA 8 Hanjtn 3 COSCO 5 Meung-A
      165 words
    • Article
      Lock icon SHIPPING GUIDE
      18166 31 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 10/06 30/06 COSCO BOSPORUS BRIDGE J023W 65 226*00 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BRISBANE (BNE) 2058 Australia 29/05 03/07
      18,166 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        560 35 *•**1 Voy No Berth Arrival Oojurturt j«m w T 1 Wo* 6 JOS 17/05/5:00 17/05/19:30 t«t Lifter Pv257 J15 17/05/655 18/05/500 "arcopolo 48 PrwOig J16 17/05/300 18/05/6.00 8t Dercipti? ***** JOI 17/05/8:45 17/05/23:59 «**o I ***** JOI !7/05/ftfl0 17/05/2359 U*oy 71 Ik3t J02 17/05/7:40 «/05/800 Bt Rah KkM
        560 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1842 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boo* Ing/Balance Rsth Sh,p Vo L No Ett>/Btr p#rlod From To Frew MA (HUM mi HArOO U H/BOO HA*W 16/1900 H/BOO H/HW H/NOO a *nroo 17/otw 17/oNo a 16/1700 17/0*W IT/WOO I 17/0700 17 AIM 17/1400 tfupua OOOJC OTM M
        1,842 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        454 35 Cartoa MO Max 969.9 0.6 6.4 0.09 89 0.0S •tor n Deniltf Mar *M*M Ask tMHua Sediment No above £25 0 0 2 0 3 0 380 Aw 985.9 0.2 12J 0.06 38 0.02 tin. 380 Max 991.4 2.0 17J 0.08 70 0.06 M/Ire %in %m/m
        454 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        180 35 May 18 Thailand: V isakha Bucha Day. 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. May 18
        180 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        783 35 THIS report, complied 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 average sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        783 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon US House okays US$15b transport spending bill
        394 36 Higher investment in airports, track safety; advanced payments for Boston tnnnel project curbed Bloomberg [WASHINGTON] A US House committee approved a US$l5 billion (5525.5 billion) transportation bill that would increase spending on airports and truck safety while curbing advance payments for Boston's "Big
        Bloomberg; FILE PHOTO  -  394 words
      • Article
        Lock icon EgyptAir crash: traffic controller tried to search for plane, FAA tape shows
        491 36 AP [WASHINGTON] The last conversation between the crew of Egypt Air Flight 990 and air traffic controllers was numbingly routine, a transcript released by the Federal Aviation Administration (FAA) shows. But after the Boeing 767 disappeared from radar,
        AP  -  491 words
      • Article, Illustration
        Lock icon UK boosts European aerospace sector
        491 36 It will bny transport aircraft from Airbus, air-to-air missiles from BAe Systems Reuters [LONDON] Britain on Tuesday handed a major boost to Europe's aerospace sector, saying it wanted to buy transport aircraft from Airbus Industrie and air-to-air missiles from BAe Systems pic and Aerospatiale Matra.
        Reuters; AFP  -  491 words
      • Article
        Lock icon 500 Qantas staff exposed to legionella bacteria
        347 36 Bloomberg [MELBOURNE] As many as 500 Qantas Airways staff may have been exposed to the deadly legionella bacteria at the company's call centre office, news reports said. News of the possible infection follows a string of engineering problems that have plagued Australia's No
        Bloomberg  -  347 words
      • Article, Illustration
        Lock icon UK airliner makes sale emergency landing
        242 36 AP [LIVERPOOL, England] A British turboprop plane with 48 people on board made a successful emergency landing on Tuesday in the west coast city of Liverpool after its landing gear failed. Flight 8A7787, a British Regional Airlines turboprop bound from Manchester in northern England
        AP  -  242 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1921 36 CffY RIGHT ETA FU6MT jjj MM «A73SI 8A7382 2055 F«MiMi MJ»3 WO C23S2 OWO om mo MS 2055 cz» 2045 sax was AN8229 2230 Had WS0741 U» ¥*****0 M» IA6360 2230 VWS07O »Z5 I y °3» Miri TC407 840 ***** 840 —*K7 25 MS HCMMO* WS0741
        1,921 words
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      38 23 Click into Asia's maritime hub by catching us at http://business-times,asial.com.sg/shippingtimes/ Si.*-- 4 J*< >* Jl. ~vfe:v-v, ;*?s** v, j' |p||| zz* li k >• ,L In the News Views Opinions I Companies Markets Finance Focus Business Times I Site Index
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      22 23 Alaska takes stock of impact of cruise ship pollution Page 2 US House panel approves USslsb transport spending bill m Back page
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      212 24 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com I, hi iiiiiMßfii miiiMi nmi iiiiirmiiitfmifii-irrr H rir in I M
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      725 24 Lines services represented by Marnbers of the Registry of Members or Aw Credited Shipping Agents, Singapore Logistics Vn» 3/ Singapore Shipping Association Association ULY LINE MALE IVBSII VOY ETA flu ETA P. KLAMG SPORE MALI Princess Lily VO3OO 14/05 16/05 24/05 Empress Lily VO5OO 02/06 03/06 11/06 Princess Uly VO4OO
      725 words
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      1043 25 SAX SERVICE (MRECT) VtSSa VOT SNtn UU OAK Ml HOU Oi OX MEM HI NYC IWIOUMMUNI 0341 17/05 01/06 06/06 06/06 06/06 06/06 06/0t 06/06 07/06 07/06 0201 24/05 00/06 13/06 13/06 13/06 13/06 13/06 13/06 ~M/06~ 14/06 tfIGAMT 0201 31/05 15/06 20/06 20/06 20/06 20/06 20/06 20/06 21/06 21/06
      1,043 words
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      1541 25 ©HANJIN SHIPPING |j£F| -Sole *****30 wueswreiG(Si pti ito imm won* 7310n5737 salb *****74 rx documht ********** oftunotis *****»«i namuk *****55 fax *****45 a TO NW USA 4 CANADAj USA CANADA' m va/vor oam sw uw haix/voy su ttw km Si ai m dtt mm nt —jjjj yyf ——y^T ——m Ni
      1,541 words
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      370 25 Vtssa VOY «H PKG VOT SIM HKG KB. US* I PUS pBSa I VOY I SOW ITO VESSa I VOY I SIM I JKTI KMTt PUSAI OPTS 10/ OS 20/05 21/05 30/05 3) /OS j j Q3U 121^5 AOmOIOUA 0230 20/05 24/ OS 2*/0S MIS 04/0* Qt/o*lSka/PS 21/PS[ MASWU 37S
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      1511 26 MR-SENATOR UNES TO UK/CONTINENT TO MEDTIERRANEANCANADA Vtaa ¥0T MM LtH HTM WW HA«I HV FU KBa ¥0T HI «T «K FM HC nm MUAI SENATOR HI2W 11K KH MM MM MM 17.M MM WWW 11M MM MM MM 17 M 14M HMUHWEMEN M49W 11M 11M 12 M MM MM MM
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      934 26 am MAC-NELS S PORE M'SIA C*rl«r. mn conn LINES, MC P. GUOANG: (07) *****26 I I J om mk **********08 SBU: (084) *****0 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31) *****11 P- KEiANG: (03) *****77 JKT: (21) *****45 KIXXWG (082) *****1-3 PORT KLANG LAE/PORT MORESBY MV
      934 words
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      682 26 EXPRESS CONTAINER FEEDER FOR N.MEVA (CFS MULUNO. MUMMkCOUMM ALSO ACCEPTWG TO Mi NORTHERN MO WESTERN I.C.D. POWTS VMM! s pore n smeva colomso pklang CAPE CANAVERAL V 123W 22 MAY M MAY KS JUN OS JUN TULSIDAS V.125 21 MAY M JUN II JUN 11 JUN CAPE CREUS VIB7W MAW
      682 words
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      835 27 IVBSfI. VOY I MK6 I KHH I 5W I PKL I DXI I IA 6AM UK IRANHCSABI PCL-154 12/05 14/05 IS/05 19/05 27/05 28/05 30/05 01/06 IRAN SHAHRYAR PCI-155 19/05 21/05 25/05 26/05 03/06 04/06 06/06 04/06 IRANBAABAEI PCL-156 26/05 28/05 02/06 03/06 11/06 12/06 14/06 16/06 IRAN SEESTAN PCL-157
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      1199 27 NiW SitVICI 1 CT MKKT TO COLOMBO I M 5 MVS I IYfW WIMHESOAY J I" GENERAL AGENTS IN SINGAPORE 80 ROtINSON RD TIL- 226 1900 FAX: *****08 OUTWARD (l/L) SSFMLSEE 11 m ITO fill® SAIiS/IKGS *****57/43 INWARD MPT (D/ 0) *****85 COSTAR AGENCIES (M) SDN BND CR SINGAPORE *****8
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      983 27 CUtOft EXPKtSS SCRVICE EXPORT IMPORT «Sft Ivor I m 1 Ittl tlli AM HAM IHY FU YBSa Ivor jra MAM hi liatiai ?'y i.Kt? 14/06 )S ff» !*/<* HJ tUUM 0101 27/04 70/04 offir offls HUtT nlHiili mz 1 MmSmm CI ALPHA 01 TOW 77/04 14/07 H/07 17/07 10/07 10/07
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      649 28 ■ukow/uk/scamouma/hnuwo/kussia services EXPORT VESSEL /VOYAGE SGP RDM T HRC TOP ZIE AMW LHV t DIVINERW-010 21/05 14/06 16/06 11/D6 11/06 JO/06 20;06 EPEJ6HTRWOI3 03/06 77/06 24/06 76/8* 77/06 21/*****/06 AISO ACCEPTING CARGO TO ANO FROM:- FMLANO, OENMARK, SWIMM. RUSSIA I NORWAY MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VGSa/VOYAGE I SGP 1(30 VW
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      369 28 ARABIAN PERSIAN OUT/MDUN SUB CONVNMT SERVICE BBflH VESSEL VOYAGE SGP CMR DUR MA ARU DARN RAM RHI NXV SONG HE 0150* 11/05- 30/05 03/06 UN ADROIT *****7W 77/05 26/05 31/05 01/06 07/06 03/06 UNI ANGEL 0124-074W 73/05 77/05 07/06 07/06 05/0607/06 2HUANGHE OIS7W 76/05 06/06 07/06 01/06 UNI ASPIRE 0614-077W
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      1027 28 n fjp: ADVANCE CONTAINER LINES (PTE) LTD ALL- TEL *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO 16S3MMnmnF FOR BOOKINGS PUASE CAU; *****22 SALES A MARKETING *****21-2* RANOKOK JAKARTA (7 vissa voy aw woe vessel vor sw "IF KOTASaa (RAJ/LCH) KSEOS9 18/5 Thu 21/5 Sun KOIA MAJU lUTCII MJU2SS
      1,027 words
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      389 28 MIJJ SO TELOK BLANGAH ROM) 802-02 CIT*WT CENTRE S PORE *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W KSSa VOY FIA FID OESI9MTON MASUKWA 28/2808 23/BS/ZBBB 24/K/2888 PKL BALAM ILMAMUI 84,7888 28/OS/2888 2816,7888 PONTIANAK IKAGURI *****8 27/85/2888 2M5.7888 PONTIAHAK INABUKWA 21/2888 31«/2M 81*7888 BALAM MUNTOK
      389 words
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      393 29 iBSA^ M MYANMA WHBL FIVE STAR LINE (Myaßmr National Line) Loading for Yangon vessel vor sin pkl km pgu SAGAJNG **W SID MAWLAMYINE WW 25/05 MAiAYSIA AGENTS: BOUSTEAD SMPPMG AGENCIES KUL Ttt (03)*****00 f*L Til (03) 37M101 POt lU (04)2****** PGU; TEL (07)*****21/4 BANK LINE (A Mrvkt of Andrew Wtir
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      1190 29 HMNEHYUNDAI MERCHANT MARINE CO., LTD. IVESSH. VOY SM SOU IB! WW AWT HAW wT~| IVBSa VOT|SQU|lBl|rtm|aMT|hAM|mlV| Fa SM HYADMMAL 326* 18/05 05/06 10/06 07/06 08/06 HY BARON 3251 24/04 29/04 26/04 27/04 11/05 HYHRMCSS 324W 22/05 14/06 07/06 08/06 10/0* AftCYPt* 017! 24/04 03/05 29/04 02/05 20/05 AftALMANDOC 31SW 25/05
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      641 29 WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA 'CAR RORO HEAVYUFT SERVICE* pB» VOT RAMP HOGHT SIN UC MAO MIA SAV BAL OOF NYC NEW MOB lilKO AHOII 4001 ms 6.3 M 24/05 25/0* 03/07 06/07 00/07 10/07 TT/OT 13/07 TfJvT 20/07 TOUtCOING AHOI2 4001 ms 6.3 M 11/06 10/07 18/07
      641 words
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      749 30 ■AHOKOK/HtAP TA PHUT/LAEM CHADANO JAKAWTA^AIIJAItO ««fl VQT lUN In MT? LCM~ VtSSB VOT jSW JKT PJN -MBAJSI HID Mi 2425 H4i_ »ETH*»HUM-- 334H 71/05 14/05 ACM IOK 77/0 *am» 4iit 22/05 24/ os 24/ os uaoht m? —I ra/os 27/05 mm* UM ZMS MS 11M ML_ IBfc IB IMM Whi
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      344 30 INDONESIA NATIONAL LINE TO AUSTRALIA I RILL COWBMNER SBRVICC va m m m m stb m "n»T| m. \m mau as iz/bis/b »/«a/w |n/»| usuui lis" om 8/k Ji/w «/w iMt |n/»| WBW ~~m W/B»/«i 11/ M |H*>| m.iwt ~~nT K/un/n n/w n/u p/04|FEEPER SERVICE TO INDONESIA w WT munm
      344 words
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      528 30 I VESSELS I VOY law I PKL jed MLA LB4 HTM HUM 2EE SOT VILLE DANTARES L37W 23*05 24*06 01*06 06/06 12*06 1308 IMB 17/08 18*36 VILLE OE VIRGO S37W 29/05 30/06 08*06 12/06 18*06 19*06 21A» 23*06 2&06 SAWMJEDOW N37W teM iSBB SP6S gg SWg STOg—~»a BBT~ |SAUO»JUBAiL M37W
      528 words
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      59 33 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum 10 p 3 Mon/Wed/Fri Pg 7 WoHdgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL ki c x c T New Europe To Services To k lr%r% L. EAST MALAYSIA e C C ia
      59 words
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  • Page 35 Miscellaneous
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      Lock icon Page 35 Miscellaneous Column 1
      133 35 LEGEND Issued by Meteorological Service Singapore K Thunderstorm Showers y^\ Rain T^ nP ?l atUro C (J Wind d rec lion and speed in knots Cloudy Day Weather C><3 Haz y Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I ,1
      133 words
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