The Business Times, 8 June 2000

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Total Pages: 46
1 46 The Business Times
  • 2 1 m SINGAPORF
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  • 71 1 mrnm U UnUfl (+88.15) mminr-aa U 779J1 (+18.86) PJ SOBCI FUTUIES mm mjo (-0.40) STOCK MiBXET INDICES WedoewUy Change KLSEOOMP 8KJ4 I1K NIKKEI 17,144* -Si. 12 HANG SENG IMNM +J8J8 SET INDEX SMS <M JAKARTA COUP _4M4t *7 MANILA OOMP _1JBU» 4«J§ TAIPEI WPI 5,116.47—>***** SEOUL CO* P
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  • 72 1 FOREX RATES USS St Ufc L721 £(US$/SI per LHB UN EURO(US$/S$/E) MM IMS DM IM MB YEN 1«J LM RM UN MS* HKt 7.711 1221 BAHT MM RUP1AH _M00 MM* •strnmtmm FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.57 JAKARTA 29.09 BANGKOK 9M MANILA 11.00 HONGKONG 8.50 TAIPEI 7 M
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  • 602 1 US$2O trillion market expected to challenge linkup between iX and Nasdaq Bloomberg, Reuters [PARIS] The New York Stock Exchange (NYSE) and seven other bourses including Euronext, formed by the merger of the Paris, Amsterdam and Brussels exchanges, are in talks
    Bloomberg,; Reuters  -  602 words
  • 951 1  -  His stepping down may spark bid for Asia's biggest healthcare company Byl Lee Han Shih [SINGAPORE] Listed Parkway Holdings' long-time managing director Tony Tan said yesterday he would step down, a move that could trigger the long-awaited bid for Asia's biggest private healthcare
    FILE PHOTO  -  951 words
  • 598 1 Key issues raised in 1998 still unresolved in 1999, including valuation of China assets [SINGAPORE] For the third year running, IPC's auditor Ernst Young has qualified the group's financial statements, issuing a disclaimer of opinion, and once more raising "substantial doubt
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  • Page 1 Advertisements
    • 92 1 IH HIDE Ex«c Suit* Q1 caveats down, reflecting the sombre mood in market Arts Festival Kuo mmmmm Pao MH Kun's I IWm double- F v^H bill: LJB Monologues a pleasant I f surprise. Top storfss Profit-taking next week could stall STI recovery: analysts. P9* Currency controls: World Bank releases study
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  • NEXT page
    • ON THE grapevine
      • 72 2 IF you think only individuals send e-mail barrages to companies, think again. We recently received 12 copies of an e-mail media alert from a public relations agency telling us of an Alcatel press conference at the CommunicAsia trade show. In light of the recent case of the person
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      • 36 2 BUSES with the words "FCUK" plastered on their exterior drew some raised eyebrows, making some wonder if it was a misspelled vulgarity. Apparently it stands for French Connection UK, a clothing label.
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      • 53 2 PARTICIPANTS at the CommunicAsia trade show were offered incentives to sign up with Ongline, the online broking arm of Ong and Company. For starters, the company is offering a lucky draw with $68,000 in cash prizes and also 10 Nokia 7110 phones which can be used
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    • 632 2  -  Streats, a free tabloid for commuters, will hit the streets in Sept By' Teh Hooi Ling [SINGAPORE] Singapore Press Holdings (SPH) yesterday announced it is launching a free tabloid targetted at commuters called Streats, a publication that will collide head on with the free
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    • 610 2  -  I comment TECHNOLOGY ftimiimiitoAdiMnn pTOfid— Into the fbtnre. It doent answer one crucial question, though kenneth james GOLFING enthusiasts are having a ball at the Singapore Expo in Changi all this week. In a booth in the middle of a crowded hall, volunteers step up
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  • SINGAPORE companies
    • 708 3  -  Analysts say investors still too edgy for a sustainable recovery ven Sreenivasan [SINGAPORE] A week of steady gains has seen the Singapore stock market's key index rebound some 13 per cent from its recent low, but the index could face a struggle
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    • 683 3  -  Mock siew conrad raj ON Tuesday, building subcontractor Chew Eu Hock Holdings announced that the proposed sale of 24.3 per cent of the company by executive director Wong Swee Choo to Wessington Technology Ltd was called off. What is disturbing about this
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    • 381 3  -  It's revising market to 'overweight' in its model portfolio By < Conrad Raj SINGAPORE stocks are cheap, trading currently at five to 10 per cent below market value, according to leading investment banking house Morgan Stanley Dean Witter, parent of the widelyfollowed Morgan Stanley
      381 words
  • Page 3 Advertisements
    • 116 3 If adroit ADROIT INNOVATIONS LIMITED (Incorporated in the Republic of Singapore on 26 April 1993) INITIAL PUBLIC OFFERING OF 50,000,000 NEW SHARES COMPRISING 12,500,000 OFFER SHARES AND 37,500,000 PLACEMENT SHARES AT $0.50 FOR EACH NEW SHARE; m Applications for Shares may be made on printed Application Forms referred to in
      116 words

  • SINGAPORE markets
    • 540 4  -  i£ comment STOCKS ven sreenivasan THE Singapore stock market continued its climb yesterday, cheered on by more data suggesting a slowing of the US economy. The data, showing US wholesale demand growth in April has eased while inventories went up,
      540 words
    • 193 4  -  WARRANT WATCH By Ven Sreenivasan THERE has been a discernible increase in institutional interest in recent days in bank stocks. Little wonder then that many of the covered warrants issued on the big four local banks have been enjoying relatively
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    • 241 4  -  HOT STOCK By' Ven Sreenivasan THE stock of bus operator Delgro Corp has been in the spotlight lately, following the news that it has joined the consortium led by Media Corp to set up a new newspaper group. The company is taking a IS per
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    • 129 4 ♦L&M.Group Investment if announced that it had on June 2 entered into a conditional agreement to purchase 14 million ordinary shares of RMI.OO each in Mitrajaya Holdings Berhad amounting to approximately 24.16 per cent of the total issued and paid-up ordinary share capital of Mitrajaya. Mitrajaya is primarily
      129 words
    • 332 4  -  comment CURRENCIES larry wee THE US oollar stumbled badly in Asian trading yesterday, after falling to its lowest levels in almost two months in New York overnight against currencies like the euro, Japanese yen and Swiss Franc. In overnight trading, the US
      332 words
    • 439 4 Stock* Votoma Achwva 5c 35,706,000 Macft-RadSc 26,360,000 Tiak5c 24,402,000 PNElnd 10c 22.527,000 PaifcwayLab 5c 20,896,000 STEngglOc. 17,853,000 SPHAa«aOna5c 14,754,000 Nud*jaEJac5c 14,613,000 NatStoai50c— 12,155,000 HMI5C 11,582,000 DB6Grp 121,278,792 SPH 103,109,276 Chart Semiconductor 26c 102,870,788 0C8C 52,120,180 Nat Bsc 10c 45,362,537 ST Engo 10# 44,567,240 (JOB 32,072,367 C/V> OQ flOQ OQn TAC
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  • Page 4 Advertisements
    • 142 4 I idflv I ho\l in°one There's no better time than now nM to tee off at Bmtan Lagoon Resort's world-class courses the Jack Nicklaus Seaview Course and the lan Baker-Finch f Woodlands Course. E-mail reservation@bintanlagoon.com W or call 223 3223 for reservations. Daytripper Package From $115 nett per person on
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    • 48 4 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. Important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as weilasnse $31 HISrV-' y
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  • SINGAPORE companies
    • 526 5  -  Analysts say investors keen on direct cross-trading are likely to start with big names By i Serena Ng THE agreement struck between the Singapore and Australian stock exchanges to allow for cross-trading of shares is seen as a step in the right
      526 words
    • 433 5  -  And it is exploring ventures outside S'pore, New Zealand Byi Christopher Tan FRENCH brand Peugeot marks listed Sime Singapore's second move in two years to rev up its motor operations. And it will be followed by more. "We are looking at other opportunities," said Lawrence
      ARTHUR LEE  -  433 words
    • 129 5 Reuters [HONGKONG] Hongkong-based Asian brokerage Jardine Fleming Securities said yesterday it had closed its futures business in Singapore due to low margins. "The closure of the Singapore futures business is consistent with Jardine Fleming's priority of efficiently allocating its capital to areas of greatest return,"
      Reuters  -  129 words
    • 362 6 Joint venture is among seven vying for 74% stake in Power Grid's project AFX-Asia, Bloomberg SINGAPORE Telecom has joined hands with India's BPL to bid for a 74 per cent stake in the national telecom backbone project proposed by the
      AFX-Asia,; Bloomberg  -  362 words
    • 301 6  -  Sing Tel in talks to wholesale broadband capacity to ISPs By Teh Hooi Ling INTERNET surfers can soon look forward to broadband access from any Internet service providers (ISPs), not just from infrastructure owners Singapore Telecom or Singapore Cable Vision. Yesterday, Sing Tel
      301 words
    • 389 6  -  By, Joyce Koh CASETRUST, incorporatised as a public company in April, will launch its initial public offering within 12-18 months, its director Toh See Kiat said yesterday. The first round of private placements is already underway, he said. Case Trust plans
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  • Page 5 Advertisements
    • 64 5 llK! 1,,, mm pml.com PiMhb MmMw Psrformance Moton Umitad ftrtorm.no, Car*.. 315 Alexandra Road Tal 474 7800 Mon-M Mm-7pm Sat 9«m-Bpm Sun I Public Holiday. 10am-spm Sma Darby CarKra. 808 Dunaam Road *1 *****00 Moo-*1 9am-Bpm Sal oam-Bpm Sun« PuMc HoMay. 10am -spm Eaat Coaal Car*a. 280 Kampong Anng Road
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  • Page 6 Advertisements
    • 201 6 Digitally Yours.... You can now create your very own wodd of multimedia and let your creativity do wondersi In fad, when you are using JVC'* GR-DVL9BOO, give your best shot with the XGA resolution A A (1024 768 pixel) that captures crystal-clear images, and a comprehensive set of multimedia interfaces
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    • 10 6 Banbelaobao Singapore court may set legal precedent for Web-related cases
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  • SINGAPORE news
    • 611 7  -  ASIA DEVELOPMENT FORUM But its report says mere time needed to confirm its benefits Stories by' Yang Razali Kassim AMID a debate on whether Indonesia should introduce currency controls, the World Bank has released a study that gave qualified support to the
      Source:  -  611 words
    • 587 7 Bnstve -and electric INDONESIA'S attorney-general is in great demand these days—but that's also why he's playing hide-and-seek. Marzuki Darusman, or Kiki, as he is known among friends, was to be a keynote speaker at the dinner of the Asia Development Forum here. But until the eleventh
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    • 480 7  -  S'pore identified as target partner for Irish e-commerce devt in Asia-Pacific From. Audrey Tan in Dublin SINGAPORE is likely to sign an e-commerce agreement with Ireland, in which both countries will commit to developing a pervasive and secure environment for electronic
      REUTERS  -  480 words
    • 544 8  -  But it had to go on with listing Sing Tel, then correct problem later; BG Lee From' Wong Wei Kong in Canberra THE government knew even before it floated Singapore Telecom in 1993 that it was not moving
      TAN SUAN ANN/ST  -  544 words
    • 281 8  -  on the economy outlook By Eugene Low DESPITE a projected slowdown in second half economic growth to 4.5 per cent, Singapore's economy will still finish the year with growth of 6.3 per cent, thanks to a strong Q1 performance, says an OUB
      Source: UOB  -  281 words
    • 462 8  -  MAiLirm Narayana Narayana Singapore YOUR Hock Lock Siew column, "Rules needed for index change announcements" (BT, May 20), which commented on changes in the components of broadly followed indices is valid, but only to a point. The MSCI is only one of
      462 words
    • 281 8  -  Dr Edmund Wong Singapore ONG Yang Peng's letter "Let citizens run Community Clubs" (BT, May 26) and the People's Association's (PA) subsequent reply, "Over 30,000 citizens, PRs serve CCs" (BT, May 30) prompted me to share with BT readers my experience as a
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  • Page 7 Advertisements
    • 50 7 v^>3 You never ££&Sk\ If mj yT x V* (I »C t»P actually own a Patek Philippe. W»^x jgy You merely aSSf it c Annual Calendar look after it for the next generation. by p a .ek Ph,i lpp For information: Geneva Master Time, Tel: (65) 732 1506. www.patek com
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  • Page 8 Advertisements
    • 1334 8 4* July 2000 Holiday Inn Park View Singapore 9.00 am 5.00pm Conducted by: DR. BO EDVARDSSON DIRECTOR OF SERVICE RESEARCH CENTER, SWEDEN COURSE CONTENTS 1 1. Complaints and organizational 4. Saving customers and building improvement relationships with service recovery Definitions perspectives j^ e profitable art of service recovery Size impact
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    • 34 8 You can e-mail us at btletterQsph.com.sg or fax us at *****71, or mail your letter to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. Please give your full name, address and telephone number.
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  • Page 9 Advertisements
    • 95 9 1 Institutional investor Magazine 2000 All-Asia Research ham Purvey "Goldman has been cognizantolthe opportunities mAsia.^ I {IHe has great insight and examinetaw* ff m other —t 3 agemen l Bouman can d 0 i, II I I II ft I I I f 0 II I I I r/mely recomwendaVmand
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  • COMMUNICASIA2000
    • 410 10  -  SBA signs pact to set up Asia DAB Committee with World DAB Forum By David Boey RADIO listeners in Asia can look forward to receiving crystal clear radio broadcasts once the Asia DAB Committee starts nudging broadcasters and service providers in the
      410 words
    • THEBuzz
      • 39 10 THE inaugural Asian Infocomm Roundtable was held earlier this week and involved Asia-Pacific government and industry representatives. The issues addressed included widening access to new technologies and services, and facilitating the growth of the Internet.
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      • 97 10 IT seems the answer to the question "The Internet Revolution in Asia-Pacific: Fact or Fiction?" is a state secret and if they tell you, they will have to shoot you. Why else would the Infocomm Development Authority, which recently pledged to be very transparent in its dealings, bar
        97 words
      • 53 10 LOOKS like the telcos are trying to outdo each other. Motorola had a fashion show which included Elite models, while Philips had three TV stars—Andrea D'Cruz, Annabelle Francis and EJ. The television babes flirted with the audience, batted their eyelashes and added a little more "oomph" to
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    • 527 10  -  By< Catherine Ong THERE are few problems technology cannot fix. Even a bad golf swing can be a thing of the past. At CommunicAsia, golf pros are on hand well virtually in the case of those at the MCI Worldcom booth to
      SIEW YAW HOONG  -  527 words
    • 178 10  -  By Kenneth Lee STARHUB and Lucent Technologies yesterday unveiled a computer product which lets businesses centrally manage their telecoms and Internet access. Lucent's Enterprise Networks Group will manufacture the product called Argent Office, while Star Hub will bundle it with other services targetted at small and
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    • 190 10  -  Developed in S'pore, it offers secure wireless Net deals By Kenneth Lee COMPAQ yesterday launched its Singapore-devel-oped mobile commerce solution which enables mobile devices to receive data from the Internet and to carry out commercial transactions. Called MIP-eC (mobile Internet platform-enterprise commerce), the hardware and software
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    • 208 10 US-BASED broadband solutions provider Polycom Inc yesterday launched two new video-conferencing solutions at CommunicAsia 2000. The first the View Station FX, is targeted at medium and large corporations, government and educational Institutions that require highend video performance and video conferencing. It delivers TV-quality video at 60
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    • WHATS news
      • 67 10 HALIPLEX Communication Systems yesterday introduced its Optical Multi Service Provision Platform, made up of the HPX 600 and HPX 300, targeted at Internet Service Providers and telephone companies. This can service 50,000 subscribers for about US$3 million (555.2 million). The HPX 600 starts at about US$7,OOO
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      • 74 10 ERICSSON has launched the world's first ever GPRS phone with Bluetooth technology—the GSM triple band R520. R520 offers complete wireless connectivity with its built-in Bluetooth chip and is enabled with HSCSD speeds of up to 28.8 kbps. It also features a WAP browser, making it
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      • 92 10 NOKIA unveiled its tough new Nokia 6250 that has internal cushioning of the circuit board and the presence of external bumpers that help the phone to withstand shocks and shakes. The dual band phone allows for Internet access with its WAP 1.1 browser and is EFR
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      • 100 10 HOMEGROWN InnoMedia has introduced the Info Talk V, an Internet phone product based on Voice-over IP technology. Anchored on the H. 323 standard, the most commonly used and supported Internet Telephony standard, it allows users to make calls over the Internet without a PC. An Internet phone
        100 words
      • 55 10 ASCOM has introduced its mPhone multi-media payphone series in Singapore, which provide public Internet access as well as traditional facilities served by payphones. Users can send and receive e-mail, surf the Net and complete other transactions using credit cards, phone cards and cashcards. Prices are undisclosed.
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  • Page 10 Advertisements
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  • ARTS festival
    • 258 11 THE Coffin Is Too Big For The Hole and No Parking On Odd Days are monologues written by Kuo Pao Kun, the respected elder statesman among Singapore's playwrights. Coffin revolves around a grandchild—male in the Mandarin version, female in the English who has to deal
      258 words
    • 607 11  -  The English version of Kuo Pao Kun's Double-bill benefited greatly from a powerful subtext and smart staging By] Parvathi Nayar Shakespeare might be someone who continues to speak relevantly down the centuries, but so much of contemporary culture including theatre writing falls into
      PHOTO TAKEN AT REHERSAL  -  607 words
    • 309 11 TODAY Where: Victoria Theatre, Bpm, tickets at $22, $32, $42, $52 Arturo Sandoval (US) Where: Rltz-Carlton Milienia, Bpm, $85 Doppio-Parafielo, Tracking Time (Australia) Where: Clifford Pier, Bpm, tickets at $26 (free seating) Kuo Pao Kun: A Festival Double-bill in Chinese (Singapore) Where: Drama Centre, Bpm, tickets at $22
      309 words
    • 541 11  -  Comedian Jack Neo's portrayal gives a lift to the Chinese version Byi Corinne Kerk KUO Pao Kun's monologues, said Lim Jen Erh, director of the Chinese version of The Coffin Is Too Big For The Hole and No Parking On Odd Days, "are located in everyday life, and
      PHOTO TAKEN AT REHERSAL  -  541 words
  • Page 11 Advertisements
    • 286 11 jj r n^ e ~~***gfj£fKraina the gateways of information ■K technology for your business Voice, Data, Internet and Wireless. If your business depends on it, give us a call Do you know that for every internet user, there are as many as 10,000 phone Make your j users? With just
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  • Page 12 Advertisements
    • 55 12 3?V i "jTT: .< i 1 i<, J \-«V*- i .ft] v I-XM^;:: i £^i l i-'' -I'- 1 v* rf> Fraafn)! net I™ rrcc^Lasi. -■•> v <- ii V| ZJ'; .r File Sharing Lobby Offline Acces^^l®^d3r M' 4. Jl? Jl I'lfe-;#*"'' -f 1 I v t v j ytxpense
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  • eNews
    • 382 13 WASHINGTON Group seeks to forestall govt intervention in e-commerce LAT-WP Reuters SEEKING to forestall further government intervention in e-commerce, a coalition of leading high tech companies on Tuesday proposed a new system aimed at protecting consumers against fraud and privacy intrusions in cyberspace.
      LAT-WP; Reuters  -  382 words
    • 321 13 TOKYO Stock rises 50% in 3 days; company denies speculation Bloomberg HIKARI Tsushin Inc soared 20 per cent yesterday on renewed speculation the cellular phone subscription agency and Internet investor is the target of a takeover attempt. Hikari Tsushin shares rose their ex-change-imposed limit
      Bloomberg  -  321 words
    • 236 13 TOKYO Reuters JAPANESE Prime Minister Yoshiro Mori, who wants to make information technology the centrepiece of next month's G-8 summit, has touched a computer keyboard for the first time. Mr Mori sent an e-mail when he visited a school near Tokyo on Tuesday,
      Reuters; AP  -  236 words
    • 414 13 WASHINGTON AP, Reuters COMPUTER security experts have intercepted a new virus designed to attack cell phones with text capabilities, posing a threat to handheld computers, pagers and phones that are exploding in use worldwide. The virus, similar to the Love
      AP,; Reuters  -  414 words
    • 407 13  -  Move to set np e-bnsiness tie-ups for M6E and tailding sectors By Johnny Yeo EI-NETS.COM a Singapore designer, builder and operator of industry-specific e-com-merce systems has taken the first major step in its bid to penetrate the China eßusiness market. On Tuesday,
      407 words
    • 298 13 PALO ALTO, California Reuters SURFBUZZ.COM, an Internet firm that awarded expensive prizes, became the latest dotcom failure on Tuesday when it abruptly announced it would cease operations. If ever a single dotcom startup embodied the whole frenetic race to
      Reuters  -  298 words
  • Page 13 Advertisements
    • 71 13 I he Tittany Business Ciitt. W IIV II I>l k- ll till! 11l i Ii tlV.i'l lit tun JcM'jn i* t!u- K>t '!hh i- In !t- vl>t liu 11 iMtu- P» >\. lill.♦ 11\ «_'itt iht.iU* nu>n .tppit-v ix\ him Fitt im Ji v_u* iic t inu U iln lit*
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  • EDITORIAL & opinion
    • 805 14  -  bottom line OPINION leon hadar The writer is BT's Washington correspondent FLANKED by such foreign policy luminaries as Henry Kissinger, George Shultz and Brent Scowcroft, the presumptive Republican presidential candidate, George W Bush, who has been described by pundits as a foreign policy lightweight addressed
      805 words
    • 79 14 The trick to making this work is to leave your ego at the door.' Howard Schnltz Starbucks chairman, on why he felt it was time to shed daily responsibilities to focus on a vision of taking the company he created into the future. 'We found in the
      79 words
    • 666 14 EDITORIAL THE Chuan Leekpai government may have become over cautious in the run-up to the general election due later this year. Despite advice from both the International Monetary Fund and the World Bank that it must act to stimulate consumption, the government seems wary of taking
      666 words
    • 1234 14  -  The US needs excessive Japanese savings, jnst as Japan needs excess US demand a situation that conldgetontofhand By Martin Wolf FT NOT for nothing is economics known as the dismal science. The gloom of the financial crises of 1997 and 1998 has
      FT; FILE PHOTO  -  1,234 words
    • 747 14  -  COMMENTARY Because people don't want to hear about something they actually understand Paul Krugman The writer is a professor of economics at the Massachusetts Institute of Technology NYT ECONOMISTS who have ventured into the alleged real world often quote Princeton's Alan Blinder, who has formulated what
      NYT  -  747 words

  • REGIONAL news
    • 300 15 KUALA LUMPUR Securities body says this will bring it in line with global standards Reuters MALAYSIA'S Securities Commission (SC) said yesterday a shorter T+3 share trading settlement period will be implemented by the end of the year, bringing the country in
      Reuters; REUTERS  -  300 words
    • 273 15  -  Froml Eddie Toh in Kuala Lumpur BELEAGUERED Time Engineering yesterday confirmed that it has talked to NTL Incorporated as a potential technological partner following its failed union with Singapore Telecommunications (Sing Tel) last month. Time Engineering said it has held preliminary discussions with
      273 words
    • MARKET moves
      • 145 15 BIG-CAP blue chips continued to be the biggest losers yesterday as foreign funds re-allocating money to other bourses in the region continued to move out of the Malaysian market. The short-term redemption of funds, which started after the brief rally at the end of
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      • 94 15 ELECTRONIC stocks continued to be out of favour yesterday, as the overall weak sentiment on the KL market was made worse by a poor showing on Nasdaq overnight. Worst hit was semiconductor manufacturers like MPI which was down RM1.75 to RM4I, while its competitor Unisem,
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      • 84 15  -  Compiled by Diana Oon Abdullah SHARES of medical suppliers Pharmaniaga, listed on the Kuala Lumpur Stock Exchange last year, eased yesterday despite an announcement on Tuesday that the company has got an exclusive three-year distribution contract. The company said it has the contract to supply medical
        84 words
    • 498 15  -  His vast business interests raise conflict of interest issues From] Harish Mehta in Bangkok THE purchase of a TV station last week by ty-coon-politician Thaksin Shinawatra has sparked intense debate whether he will make a good future prime minister, with analysts and academics
      498 words
    • 398 16 BANGKOK New bill will push oat developers with insufficient funds, help industry: govt AFP, Bloomberg THAILAND'S cabinet took fresh steps on Tuesday to regulate the country's shattered property sector by approving a draft law which will force developers with insufficient funds out of
      AFP,; Bloomberg  -  398 words
    • 65 16 AP [JAKAR TA] Indonesian student protesters raise their fists as they stage a protest rally in front of the attorney-general's office in southern Jakarta yesterday. Hundreds of students demanded that the attorney-general speed up the investigation on former president Suharto on allegations of corruption
      AP  -  65 words
    • 323 16 Pointless to impose capital controls: deputy governor Reuters [SINGAPORE] Bank Indonesia said yesterday that there was little it could do to stabilise the shaky rupiah, which remains hostage to worries about the country's political outlook. "How can we defend the
      Reuters  -  323 words
    • 360 16 BANK BALI SCANDAL AFX-Asia, AFP [JAKARTA] The police are studying Bank Indonesia governor Syahril Sabirin's report that President Abdurrahman Wahid is intervening in the central bank's affairs, National Police chief Rusdiardjo said. "We are examining the report," he told reporters, noting
      AFX-Asia,; AFP  -  360 words
    • 491 17 SHANGHAI Textile, shipping, steel firms seen benefiting bat high-tech firms face tougher foreign competition Reuters CHINA'S pending entry to the World Trade Organization has provided a fillip for textile, steel, shipping and other counters that are seen to benefit from membership of
      Reuters  -  491 words
    • 217 17 SEOUL Bloomberg, AFP CHINADOTCOM Corp, a manager of Internet sites with Asian news and information, plans to invest US$lOO million (Ssl72 million), in Korean dotcom companies within the next 18 months, a top official said yesterday. Chinadotcom chief executive office Peter Yip, who is
      Bloomberg,; AFP  -  217 words
    • 182 17 Bloomberg [HONGKONG] THE Bank of China, one of China's four biggest banks, said it will merge its Hongkong affiliates by the end of the year. Bank president Liu Mingkang said the merger will definitely be completed by the end of the year. In
      Bloomberg  -  182 words
  • Page 15 Advertisements
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      89 words

  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 937 17 TMC INT'L HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TMC INT'L HOLDINGS LTD ("the Company") will be held at 141 North Bridge Road, #03-01 Capitol Centre, Singapore *****9 on Friday 23 June 2000 at
      937 words
    • 151 17 11 Time for a change: II Rado 'Xeramo'. I Always beautiful I thanks to high-tech I ceramics overall I and a sapphire crystal I to top it off. I (Also available I in leather strap). I RADO I Switzerland I Av.iilabic.it ALI WATCHES lucky Pl.i/.i 732 7673 Wisrri.i Atria 7H
      151 words

  • Page 18 Advertisements
    • 3245 18 To advertise call toll-free 1800-741 1883 Fax No: 741 1298 OFAR EAST FINANCE ORGANIZATION LIMITED AND ITS SUBSIDIARY (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 1999 HwOT Tt-CIWMH Th. Poop Th« Compony Note im 1998 im im iWf RSS~ IW9 im~ I > J FKH)
      3,245 words

  • WORLD news
    • 263 19 TOKYO Bloomberg JAPANESE business spending on new factories and equipment rose for the first time in two years in the first quarter as profits increased, a government report showed. Capital spending by firms outside the finance sector rose 3.3 per cent in the
      Bloomberg  -  263 words
    • 446 19 WASHINGTON Jndge expected to approve the essence of government's breakup plan NYT IN a spirited final filing on Tuesday, Microsoft condemned the government's plan to split the company in two as "a radical step" that seemed to treat software as if it were pornography.
      NYT  -  446 words
    • 411 19 WASHINGTON Govt limits visas while US schools don't teach enongh NYT RAPID economic expansion will falter unless Congress upgrades America's "human capital" by improving education, welcoming highly skilled foreigners and spending more on scientific research, Microsoft chairman Bill Gates and other high-tech titans
      NYT; AP  -  411 words
    • 390 20 TOKYO Deals by computer makers, suppliers expected to top USslb in first year Reuters, Bloomberg A GROUP of global technology titans including International Business Machines Corp will join forces to create one of the world's largest business-to-business online markets, company officials said
      Reuters,; Bloomberg  -  390 words
    • WORLDWatch
      • 45 20 Bloomberg [LONDON] Four London-based fund managers —♦Jupiter Asset Management, Gartmore Investment Management, Scudder Threadneedle Investments and Prudential pic's M&G Asset Management—have agreed to invest £20 million (5552.4 million) to start an Internet mutual ftind "supermarket" in the UK. Bloomberg
        Bloomberg  -  45 words
      • 64 20 Bloomberg [LONDON} HSBC Holding pic has purchased 20w7 per cent of Credit Commercial de France SA and is on track to complete its takeover ofFrance's No 5 bank by the end of July, according to the prospectus for the offer. The value
        Bloomberg  -  64 words
      • 44 20 Reuters [COLOMBO] Sri Lanka's Industry Development Minister CVGunaratne and 10 others were killed in a suicide bomb blast at a procession to mark War Heroes Day honouring soldiers killed in the war against the Liberation Tigers of Tamil Eelam (LTTE).—Reuters
        Reuters  -  44 words
    • 614 20  -  Talks at early stage; BA shares fall in initial reaction From] Neil Behrmann in London BRITISH Airways' shares tumbled yesterday in initial reaction to the confirmation that it was in talks to acquire the Dutch national airline KLM, which will become a minority partner. Mergers
      AFP  -  614 words
    • 235 20 NEW YORK Reuters AMR Corp's American Airlines and Delta Air Lines Inc held preliminary talks on industry consolidation earlier this week, even discussing the possibility of a merger, the Wall Street Journal reported yesterday, citing people involved in the talks. The talks took place
      Reuters  -  235 words
    • 526 21 WASHINGTON His warning on risk of inflationary spiral suggests he favours farther rate rise Reuters, Bloomberg jTHE Federal Reserve may i still face the task of forcing fthe booming US economy to a much lower rate of growth to wring out any
      Reuters,; Bloomberg  -  526 words
    • 144 21 SYDNEY Bloomberg AUSTRALIA'S central bank yesterday left interest rates unchanged after Tuesday's policy board meeting, signalling it expects the economy to cool and previous rate hikes to keep inflation in check. In a Bloomberg News survey, 16 of 21 economists had expected the
      Bloomberg  -  144 words
    • 260 21 REITERS Joe Both secures USs3b has Sony Pictures, Fox as key partners AP [LOS ANGELES] Former Disney studio chief Joe Roth unveiled plans for an independent film production company that already has secured US$3 billion (555.16 billion) in financing and commitments to distribute 36
      AP  -  260 words
  • Page 19 Advertisements
    • 15 19 NOTICES r^)riuertis^alMolMre^Bo^^MBB^|l To advertise your simply fax: 741 1198 or Call 1011-free: 1800 741 1883
      15 words
    • 671 19 NTHE MATTER OF THE COMPANES ACT (CHAPTER 50) AMD NIHE MATTER OF OTB COMMJMCAKMS PTIUO ON MEMBERS' VOLUNTARY UQUCADON) At an Extroordray General Meeting of the abovenamed Company duly covened and hetd at 101-A Uppef Crow Street. #11-22 People's Parti Centre. Singapore *****8 on Friday, the 2nd day of Ju»
      671 words
    • 215 19 i- VftiV, t «i f toko, atmr-atrtw* <*ao «K j^tt 1 *<• v Hi Ss6 226 f €< >^% r r r#v Compact Footprint Lights-out management Ruggedized carrier-grade Extremely serviceable Stacks up to 1.75 inches tail. Allows remote management packaging Front accessible media. Up to 40 servers per rack at
      215 words

  • Page 20 Advertisements
    • 149 20 t >* -t* M£; NIKKEI Over three million readers a day can't be wrong iXVj+i- fl IW* ,-vv- i- vv: Gf V->**tr apv <■■ >. «h*,' p.—— ns»*» I jfHH b 1 pjjl- l-K 1 5 Jg I I •>i ior Round-theclock business news, Insightful coverage of Asian economic, Free-term
      149 words

  • Page 21 Advertisements
    • 811 21 TKKWAH INDUSTRIAL CORPORATION LTD (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Company will be held at 25 Pandan Crescent #05-15 TIC Tech Centre Singapore *****7 on Friday, June 23, 2000 at 3.00 p.m. to transact the following business:
      811 words
    • 139 21 V© fMF^h for .com business with eWserver. Whether your business is at the e-commerce high or low gear, eWserver.com empowers you with integrated e-services at every stage of your progress. Harnessing the latest internet technologies, tapping into industry specific domain knowledge and leveraging on venture partners and strategic alliances, eWserver.com
      139 words

  • FINANCE & commodities
    • 243 22  -  SGI Derivatives Tradlng/feporfe MSCI Singapore Inda» Chan Yet San Refco Singapore THE Singapore stock market rose for the fifth day in a row on the back of gains in financial stocks and large-capped Singapore Press Holdings. The MSCI Singapore Index gained 3.93 points
      243 words
    • 274 22  -  MSGI Taiwan fixtures Chan Yet San Refco Singapore THE Taiwan stock market shrugged off overnight falls in the US to close at its highest level since May 19. The Taiwan Stock Exchange Weighted Price Index gained 157.26 points or 1.76 per cent
      274 words
    • 228 22 ENERGY REPORT Reuters [LONDON] World oil markets groped for direction yesterday amid uncertainty about Opec oil policy following mixed signals on its fledgling price band mechanism. July Brent Blend crude was 24 US cents weaker at U5528.35 a barrel, while US light crudes were two
      Reuters  -  228 words
    • 325 22 Reuters London THE dollar stumbled to sev-en-week lows against the euro, the yen and the Swiss franc for the second straight day yesterday, undermined by an unfavourable interest rate outlook for the United States. Analysts forecast a rise in euro-zone interest rates as early as today and see
      Reuters  -  325 words
    • Article, Illustration
      1179 22 DTTERBAME CROSS RATES w7 AS C$ Cw Ffr Dm MBWIs H$Uk Yw Ww Ml Nw S$ 1mt tt IT) Ml N— US$ Australia 1070 4498 OiM 4.039 1204 4.599 ***** 50.753 0.421 6.569 1243 1238 ***** 25.003 10B 4.10 0.947 K.I43 22.90 1304 1990 Canada LM9 5427 0.700 4.440 1303
      1,179 words
    • 1683 22 MOOM FUTURES Jun 7 M08C8 (fitwtsckMtafmtSJMM w' v R»icovnucmcMbAo am MM OPM 'I t/ .-As bm S«tt (taaMs) Merest moo raoo 1 AmOO ***** TKJO flfcSO 50 00 *0 HMO 400 00 ***** BS$3COVTlACT(UScMti/lf) Votes* Opn Kgntk w|i Ik Sstt (toRMs) Merest MOO 6450 mo A* 00 65.50 *73 S«f
      1,683 words

  • STOCKS east asia
    • 2618 23 HONGKONG AFP Q Hang Seng *3&38 HONGKONG share prices rose 0.2 per cent yesterday as the market consolidated recent sharp gains, dealers said. The key Hang Seng Index gained 38.38 points to close at 15,900.06 its seventh consecutive gain, on a turnover
      AFP  -  2,618 words
    • Article, Illustration
      977 23 Reuters fl Shenzhen Blndei -KUft CHINA'S B shares closed higher for a second straight session yesterday, aided by unabating hopes for a merger of the hard currency markets with domestic A shares. The Shanghai B Share Index leapt 2.01 per cent, or 1.1 points, to 55.66 on little changed
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  977 words
    • 326 23 AFP □WP Index +157.28 TAIWAN share prices closed 1.76 per cent higher yesterday on strong buying of technology shares despite Wall Street's overnight losses, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 157.26 points to 9,115.47, on turnover of NT5148.05 billion. "The stock market has finally returned
      AFP  -  326 words
    • 1885 23 TOKYO AFP Qffittci22s -2502 SHARE prices in Tokyo closed 0.1 per cent lower yesterday, hit by drops in high-technology issues and the yen's jump against the US dollar, brokers said. The key Nikkei 225 Index fell 25.12 points to end at 17,144.96. The
      AFP  -  1,885 words
  • Page 23 Advertisements
    • 59 23 I investment poKTFouo f I IPO. Shares. Bonds. Stocks. Annual Reports. Ils I Whatever you're offering, we help you reach out II I to 86.7% of all adults In Slnqapore dally. tli—Hi^c—-- I 11 f I Ml '0 MHMHHBHMi MHIWWW* I JH i 1 ____P The Straits Times The Business
      59 words

  • STOCKS klse
    • 361 24 AFP □frmpoamlifei -lia MALAYSIAN shares closed 1.9 per cent lower yesterday amid concern about the Impending staggered release of frozen shares worth billions of dollars onto the local market, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 16.55 points
      AFP  -  361 words
    • 7165 24 MDHU 3 Ift I'll I JW1 l c tour Ci«>li| »oto ■coo m» Lo» p/i urn 420 310 A0nomotO_: 364 M.9 M73 69 70.5 -23 260 713 Hi 104.0 670 290 *po*o Food Mhj 496 9 4S6 496 NX9 162.4 3325 2700 SAT50c 3200 90 2439 3200 3129 40J 9137.0
      7,165 words
  • Page 24 Advertisements

  • SGX clob & regional stocks
    • 2833 25 BONDS WARRANTS *m? Mi *m/ i**y m am 111—I I tat Mb> to mm MM U" «ar- mm u» -r» m Mm t—ato» w» nw Qwgg km 80 M3 Acma W0M724 19 -1 47 20 19 10 19 19 41.0 1 300 170 631 13 59 7.S a AIITwSlWOIOeO? ..18
      2,833 words
    • Article, Illustration
      701 25 AFP P SET Index jU THAI shares fell 1.3 per cent yesterday as late profit-tak-ing mainly in large companies offset earlier gains, dealers said. The Stock Exchange of Thailand (SET) Composite Index shed 4.6 points to finish the day at 340.83 points, and the select SET 50 lost 0.38
      AFP  -  701 words
    • 283 25 AFP Q Composite Index -40.06 THE Philippine Stock Exchange Composite Index closed 2.6 per cent or 40.05 points lower at 1,522.33. Turnover fell to 1.33 billion shares worth 796 million pesos compared to 2.2 billion shares valued at 1.22 billion pesos traded on Tuesday. AFP *El rum mrcaim on
      AFP  -  283 words
    • Article, Illustration
      616 25 AFP r lmmposne maex INDONESIAN share prices closed 1.5 per cent higher yesterday, with gains triggered by foreign buying in Telkom and sustained by interest in other large companies, dealers said. The Jakarta Stock Exchange Composite Index closed up 6.7 points at 459.46 on a volume of 377 million
      AFP  -  616 words
    • 269 25 AFP QNZSE-40 +1&33 NEW Zealand shares rose 0.8 per cent yesterday after buying of key blue chip stocks, dealers said. The NZSE-40 Capital Index closed up 15.33 points at 2,054.21 on light turnover of NZ564.58 million. Telecom was up nine cents at NZ$B.O3. —AFP jm 7 «a mm Advantaga
      AFP  -  269 words
    • 538 25 AFP UmOMrn -36 AUSTRALIAN shares fell 1.1 per cent yesterday, dragged lower by News Corp and soft US and Asian markets, brokers said. The All Ordinaries Index slipped 35 points to 3,070.8 its lowest point for the day while the SP/ ASX2OO dropped 37.3 points, or \2 per cent,
      AFP  -  538 words
    • 271 25 AFP Q Composite Index +2&33 THE Korea Stock Exchange Composite Index closed up 28.33 points at 822.54. Volume stood at 491 million shares worth 4.9 trillion won.—AFP JmT *h VHKISkM ***** 290 BraMTadl 1139 10 Central Bank 1629 99 CIMHCOMMI *****0 -1000 DaaGuta* 2910 310 Dm nn< Carp 2179
      AFP  -  271 words
  • Page 25 Advertisements

  • 7175 26 SGZ MAIHBOAHD Transaction date: Jim 7 Or Or M rn u m LMt *0 o** unomt w> oo* VM IM C« A** H» Lwr C—p—f Mi PDOO> W» l*a Iff Clr W 9*9 Ww MKMMHV Hi Wit W MMW«BWMn«il>Wi Hi IT it ■2 mac AcaiSOc Met -2 nZBIM
    7,175 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 429 27 Where to wine, dine and entertain...'™"? <]> f| v I Q 4 HOTEL GRAND CENTRAL UMfTED 22 Orchard Road/Cavanagh Road, Singapore *****7 Tafc*****44Ext400/02 Fk*****75 J Indulge in exotic appetisers, authentic Indian cuisine like Chicken Masala, Roian Josh, Naan, landoori specialities and traditional desserts including Mawa Balls and Mango Kulfee. All
      429 words
    • 52 27 7— Welcome to therich heritage of PhifippmeCuisme at Chatterbox Coffeehouse 9- 18 JUNE 2000 j JOT4N £ii 1 I Lunch: 12.00pm to 2.30pm $23.00+++(adult) $13.80+++(child) Dinner: 6.30pm to 10.00pm $26.00+++ (adult) $13.80+++ (child) Enquiries: 831 6291 CVmxjc Coffeehouse Ist floor fl] JJ3 Octurd feud S.ngjpore 2J8867 W: 737 4411 F»
      52 words
  • Page 27 Miscellaneous
    • 870 27 O—trat Marshall Service, the 3JIO TV Innovations. 1102 AM One Hour News fwi am i/m„ •SO'' team needs to pro- SUM Cinderella. LOO Business Tonieht MTMK ssis. 11 m ar elMi ss^S ESS>Kiwer ?5s fxs^s ,ma asaMr^-"-\?"22 I? d K b cords Primetime. 7.30 Wayang. nanciai Data. 11-00 She-Ra Princess
      870 words
    • 233 27 CKVPTIC CROSSWORD ACROSS (8) 1 Outstanding screen director Banter thafs offensive for the e((10) derly (8) 6 It parts with its teeth (4) 11 See about supporting newspa--9 Person regularly in service (10) per's concise writing styte (12) 10 Less than a shiing for nurse (4) 14 Blot out former
      233 words

  • MOTORING page
    • 715 28  -  CARirary Questionable whether new import regulations simplify life for independent importers and consumers Reports by' Christopher Tan THE government is set on "liberalising" the car market, which for decades has been the domain of a selected few called distributors. The first visible step was
      715 words
    • 318 28 ENTREPRENEURIAL parties have wasted no time in capitalising on the deregulation of car-import rules. A number of them, mainly car-related businesses, have launched or are launching online portals to entice motorists with price-slashing schemes. These include usedcar trader Sin Thai Hin; VW/Renault dealer
      318 words
    • BUMPER to BUMPER
      • 125 28 HYUNDAI is having a prosperous year. For the year up to end-May, the Korean brand ranks third in the vehicle sales tally. Combining passenger and commercial products (but excluding taxis), distributor Komoco Motors sold 2,277 Hymn dais. This ranks the brand third after Toyota (4,024 units)
        125 words
      • 66 28 IF YOU don't already know, Aspen Automobile is the new Komoco-supported Hyundai dealer in town. Started by ex-Komoco manager K C Chim and located at Balmoral Plaza, the outfit also includes participation from Alpine Automobiles (VW and Renault dealer) in the form of vehicle financing.
        66 words
      • 130 28 BUS company Tibs Holdings has taken another step to become a multi-modal player. It has started night servicing for its fleet, a move managing director Tan Hup Foi said would "help us to prepare ourselves for future ventures into rapid transit operations, where rail maintenance is
        130 words
      • 91 28 WANT to know more about the logistics involved in car making? The second Global Automotive Logistics Conference and Exhibition is scheduled for November at the Princess Sofia Hotel in Barcelona, Spain. A number of experts will speak on the challenges the industry is facing, especially in
        91 words
      • 96 28  -  Compiled by Christopher Tan HERTZ has once again been voted "Best Car Rental Company—Asia Pacific" at the 2000 TTG Asia Travel Awards held in conjunction with the PATA Travel Mart recently. The annual awards honour outstanding individuals and companies in the Asia-Pacific travel industry. Meanwhile,
        96 words
  • Page 28 Advertisements
    • 90 28 _JHL Voted the most beautiful estate in the world by Auto :lS§r Revue magazine, the new Volvo V7O has room enough for all your social life. Test drive one today and discover how it holds the road like it holds peoples' attention. THE NEW VOLVO V7O. ftk FOR THOSEWHO DEMAND
      90 words

  • Article, Illustration
    1787 29 Property transactions for selected districts lodged between May 8 and June 5. PROJECT NAME/ PROP CONTRACT TENURE BULTHW MICE PSF PROJECT NAME/ PROP CONTRACT TENURE MUM* PMCE PSF STREET NAME TYPE DATE LAND AREA* STREET NAME TYPE DATE LAND AREA* (SOFT) 1ST000) (St) (SOB) (SfOOOl 0ft District 15 St
    1,787 words
  • Page 29 Advertisements
    • 42 29 YOUR NEEDS 11 East Coast: 348 8262 Beach Rd 292 1459 k ■ia 8 Bedok: 445 8011 Bukit Timah 467 1916 Uf|T| I All. QQf|f|fZQQ I -'.%*X Anfl Mo Kio: 458 4222 Serangoon: 299 8855 I IV I Llllti WWw WWW k
      42 words

  • BY DESIGN
    • Article, Illustration
      712 30  -  Trax, the latest addition to the Xlra Designs family, is set to woo the man-in-the-street with its contemporary, lower-middle range furniture and accessories. ooßrnmsßßX checks out the draws CORINNE KERK ITS been 10 years and upmarket furniture retailer, Xtra Designs, is ready to move in on the mass
      712 words

  • OVERSEAS PROPERTY
    • 1310 31  -  Property in the UK may be easing but respectable rentals and generally higher prices keep a downturn at bay. HZ3X. behrmamn finds out from the experts NEIL BEHRMANN THH HE UK housing market, and London in particular, is off the m boil, going by statistical evidence.
      FILE PHOTO  -  1,310 words
  • Page 31 Advertisements
    • 230 31 To improve your business, tve have MB left no stone BLT) unturned ■S BCI Asia's FU-OUT Report is a resource for Interior Designers, Painters, Electrical jm Contractors and anyone who supplies products or services to companies that m, move, upgrade or fitout new or existing premises. Every working day, our
      230 words
    • 25 31 Invest in Melbourne Prime Freehold Apartments Choice of 1,2 3 bedroom 1 Sales Display N v T For more information photos simply click i www.centralequity.com
      25 words
    • 19 31 The Straits Tlmts W ClasslfM where fl virtually II twrytMnq is at your it-,., i ib&r m ifft.MK.Mk. J
      19 words

  • EXECUTIVESuite
    • 835 32  -  A DTZ study reveals a third consecutive quarterly drop in home caveats lodged, despite more new launches. MABIBSA CHEW learns that price-sensitive buyers holding out for more launches are behind the decline MARISSA CHEW WITH the buyers on the sidelines waiting for the best
      Source: URA, HDB SISV FleaLink, DTZ Deb T L Research  -  835 words

  • SHIPPING TIMES
    • 277 33 Bridge News, Reuters THE Baltic Dry Index on Tuesday slipped two points to 1,559, the Baltic Panama* Index shed one point to 1,567, and the Baltic Capesize Index fell seven points to 1,995, while the Baltic Handy Index was unchanged at 1,123. At 1250 GMT, Biffex was un
      Bridge News,; Reuters  -  277 words
    • 273 33 111 111 r H iCi" i iT—I sw MT *b m CWT Distribution 0A2 until M Chum Hup OlM -0.01 SM Coaca awaMmar* 0.19 -OOI 198 rraMMLMa 024 ao» KM Gfl HoMings 0.65 MIC* 0 HdtaiHup 0.32 until 57 MCHaMng^HK —5.60 until 0 Jay* HoMnq» ate -OOt SM
      273 words
    • 578 33  -  Weak spots include ports, terminals, freight depots and parked trailers By\ Donald Urquhart [SINGAPORE] Cargo crime is on the rise with the annual cost of this global theft estimated to be US$3O billion (5551.6 billion) to US$5O billion, says the
      FILE PHOTO  -  578 words
    • 124 33  -  ERIKA SINKING [BREST, France] Almost half a year after the sinking of the tanker 'Erikaclean-up operations are underway off the coast of Brest in France. On May 31, members of the British anti-pollution vessel 'British Shield'executed a trial of pumping oil (right). The oil-clearing vessel was the first
      AFP PHOTO  -  124 words
    • 149 33 PSA Corp has been named among the top five finalists for the 2000 Computerworld Smithsonian Award at a recent gala dinner attended by more than 800 IT professionals in Washington. The PSA made it to the finals of the transportation category for its Computer
      149 words
    • 292 33  -  By\ P T Bangsberg in Manila CHINA Shipbuilding Corp, the largest in Taiwan, is looking for a rescuer but making itself less attractive by imposing conditions. The state-owned firm, facing increasingly tough competition from South Korea and Japan, rolled up NT$3 billion (*****.5 million) in
      292 words
    • 367 33  -  Recent anti-piracy moves seen having little impact By] Donald Urquhart [SINGAPORE] Seven pirate attacks including three on Singapore-flagged vessels have been reported in the last week and a half in the Malacca Straits, raising concerns that recent anti-piracy moves are having
      367 words
    • 245 33 [SINGAPORE] Royal Caribbean Cruises, the world's sec-ond-largest cruise operator, has had to cancel the June 17 maiden voyage of its new ship Millennium as the French builder is unable to complete work on the vessel on time. Passengers booked on the
      245 words
    • SHIP breaking
      • 608 34  -  Liner signs pact to upgrade yard where old ships can be demolished in an environmentally safe way By\ P T Bangsberg [MANILA] LIKE many lines, P&O Nedlloyd has trouble getting rid of old ships in an environmentally acceptable way, so it is creating a
        FILE PHOTO  -  608 words
    • 183 34 PAOC DJakLioytf 8 Aa 6 ton*** 3 AM. 3 E*trans 6 i Accord 8 ECt AppraMp 5 ECUUm Austral 8 E»argraa« 6 BalajISivg 5 FoongSw 8 BSA 7 C Link 4 8'tangMas 8 Gamartram 6 •can 7 Han*l 7 CMA 8 Hanjin 3 COSCO S Haung-A 4
      183 words
    • 15118 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT HA ETA Advarttow VMS* Voyaga TMapAona ETA ETA Advartlsw V«ul Voyaga TMatinona 20/M Uftt CCM HO NEDLLOYD SAO P ***** 45-17Y50X) Tb ABIDJAN (ABJ) 2003 Cot* D'lvolra T# BUENOS AIRES (BUE) 2060 Argentina 10/M 24/W Mm SAUOI YANBU YJTW M-JJ77J44 ACE CONTAINER AEMJS 05-22SOU1 Zl/M
      15,118 words
    • SHIPS IN PORT
      • 581 44 Vossd Voy No 8ort* Arrival Doporturo •JM|M toM VMto OOM J12 07/06/120 07/06/040 Eat URw hlM M 07/06/730 06/06/7:00 Ck nrat 6 JIM 07/06/7.25 06/06/7:00 l»(l—l»f*6 N0M1 J03 07/06/940 07/06/16.-00 JMW JiH JmH31 J02 07/06/845 07/06/23r00 C Pnrm 07A/06 J09 WWM 07/06/1740 Sir mill 9 06S&20 JU 07/06/1:45
        581 words
      • 1824 44 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BoofcinQ/BManca Rsth Ship Voy Mo Ett/ttr Hrtoi Froa To Prow ACTUAJRA 07M02 V*0C 9 OMM OMM Jm*t a 0A/I700 07/0*5* o-.-osoc 2* 0*A700 C7.-o*w :-'9*cc i woe: mam o r/v«x 4 07A200 07/MM 07/1700 MAMJAV* 2 MM Mtt aMM OMM
        1,824 words
      • 167 44 Jnll Germany: Whit Sunday. Sweden: Whit Sunday. taU Denmark: Whit Monday. Sweden: Whit Monday. France: Paris Bourse, Nouveau Marche and Monep equityoptions closed, Pentecost Monday. Germany: Whit Monday. Australia: Queen's Birthday. Philippines: Independence Day. Jal Malaysia: Prophet Muhammad's Birthday. Brunei: Prophet Muhammad's Birthday. Ml Hong Kong: HK Special
        167 words
      • 756 44 THIS report, compiled by Cockatt Marine Oil Lid. shows price ranges in US dollars Instsad of single prtoaa tor a more comprehensive description of the market Prices shown are based on averagestxed stem Market movements are indicated The Cockatt Bunker Price Index change and the individual
        756 words
      • 433 44 CMa WO Max W.1 U &4 OA N 104 MayW D«b*t Water taiMw Art Mrtrt Sirtllt No atow £25 0 0 2 0 3,0 300 Aw 90S J 0 J U 0« 39 OA ta, 300 >tm 990.4 2J0 M 0.00 72 0.04 Win »fl phi
        433 words
    • AIR & LAND transport
      • 300 45 Passenger traffic up 7.4%, cargo volume grows 11% in Feb, saysACl Reuters [GENEVA] Passenger and cargo traffic surged at world airports in February, with the rise fuelled by healthy increases in nearly all regions, the airports industry body ACI reported on Tuesday. ACI,
        Reuters  -  300 words
      • 227 45 Bloomberg [SYDNEY] Qantas Airways Ltd still has not decided if it will buy Airbus Industrie's proposed A3XX super)umbo jet, which would be the largest passenger aircraft flying. "It's something we haven't made a decision about," said James Strong, chief executive of
        Bloom- berg  -  227 words
      • 298 45 SIA, Airbus among listed; selection will be over by July AFP [NEW DELHI] Air-India has shortlisted five companies from which it will lease six Airbus 310s and two Boeing 747-3005.t0 add to its ageing fleet, probably before the end of this year,
        AFP  -  298 words
      • 169 45 Bernama [MANILA] Philippine Airlines (PAL) is awarding each of the 277 passengers of Flight PRBI2 the much talkedabout Davao-to-Manila flight that figured in last month's failed hijacking with complimentary ticket to any point in its domestic network. The flag carrier will
        Bernama  -  169 words
      • 466 45 Reuters [LONDON] British train passengers joined the rail watchdog in calling for more investment in the railways on Tuesday after a survey showed less than half of them believe their journeys give value for money. Of 2,000 train passengers polled by the Shadow Strategic
        Reuters  -  466 words
      • 540 45 air show Alliance, seen u threat in crowded market, says it has orders for 30 planes Reuters [BERLIN] A new player, Alliance Aircraft Corp, revealed plans on Tuesday to enter the already crowded market for regional airliners. "We have letters of intent
        Reuters  -  540 words
      • 66 45 [SCHOENEFELD, Germany} German Economy Minister Werner Mueller (W), Berlin's Mayor Eberhard Diepgen (centre) and Governor of Brandenburg Manfred Stolpe (right) on Tuesday walking in front of the biggest aircraft in the world, the transport plane Airbus A9OO-600ST Beluga, at the opening of the International Aviation and
        FILE PHOTO  -  66 words
      • 1424 45 on FU8WT m FUBfT CT» --.as ssa as a U463M 2230 M VNS074I DM ******0 MM 8B2» 2230 mC7<3 1925 *22 2S SpT37J MB wg WW JMO j"g g asa a as ia MM? MM WW SB VNS0743 IMS AF254 BM MCMHM ***** 0705 >224 OK*
        1,424 words
    • LOGISTICS page
      • 513 46  -  Supply Chain Council Asian survey will help firms to improve performance Byj Ann Toh [SINGAPORE] The recentlylaunched Singapore chapter of the US-based Supply Chain Council is conducting Southeast Asia's first benchmark study on supply chain management practices. The four-month study,
        FILE PHOTO  -  513 words
      • 382 46  -  Committee acts as forum for exchange of viewsondevt By\ P T Bangsberg in Manila WITH its air and sea trade volumes booming again, and its prime position as a gateway for China and much of the rest of Asia, Hongkong
        382 words
      • 211 46 [SINGAPORE] United Parcel Service (UPS) has forged an alliance with convenience store chain 7-Eleven to provide Singapore customers with a 24hour drop-off service for worldwide express document shipments. The first by an express delivery company and a 7-Eleven here, the service is offered
        CHRIS LOH  -  211 words
      • 416 46  -  300 km line will connect cities from N&qjing to Nantong By P T Bangsberg Journal of Commerce in Manila CHINA says it has completed the feasibility study for a new rail line around the Yangtze River delta, where Shanghai, its commercial
        Journal of Commerce  -  416 words
      • FASTTrack
        • 125 46 [SINGAPORE] Hongkong pot operator Modern V 4 Terminals Ltd (MTL) has teamed up with US-baaed venture capital firm EM Warburg and other shareholders to in vest USELS minkm (Sfl-3 millinn) tn an nr>lirx> logistics company. V-Logic enables North American and European retailers to expand
          125 words
        • 94 46 [SINGAPORE] Lufthansa Cargo and Brazilian Varig Cargo airline said they will integrate their airfreighting activities in a common flight network from September* 2000. Lufthansa will initially operate six Boeing 747-200 freighter services from Fhmkftirt to the Viracopos cargo airport near Sao Paulo. The services will
          94 words
        • 61 46 [SINGAPORE] A chartering exchange has been started by London-based shipping investment house Tuflon Oceanic 2 and private equity firm Whitney A Co to provide an environment for underlying commodity trade through post-fixture and voyage completion. "ShipDeak will toad the migration of the US$l5O million (Ss2s7.Bmillion) veaed
          61 words
        • 150 46 [SINGAPORE] PSA Corp has invested USSS million (S|BJ> J million) to expand its logistics network in Chtoa.lt recently launched ajoint venture company with China if Merchant Holdings (CMH) to set up a logistics network covering Central, South and North China. This fallows its joint
          150 words
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    • 1171 39 HMNE* HYUNDAI MERCHANT MARINE CO., LTD. ivesa wr "5" sat at rm aw ~mm m [vcsa I vor 1 sou I 1 rwm ant nam Im~ TT JUMUZONK WW OJ/OJ 36/06 01/W 28/06 »/0* NT CONNOOORE 325E 15/K 20/05 17/05 11/05 OR/0* 522 £25 10 WII 74/05 n/os »/os 10/0*
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  • Page 40 Advertisements
    • 415 40 NOTICE TO CUSTOMERS RCL Feeder Pte Ltd wishes to inform our valued customers that with effect from June 24,2000, a new freight Agency in Port Kelang and Penang will be representing RCL Feeder Pte Ltd in all customer related issues such as "Marketing, Sales, Booking, Documentation and Container handling". The
      415 words
    • 327 40 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL COWPyMtn «»V»CC *a _wr m m m m m. m m tnnarr as is/wm/m ii/m ii/m n/u am WIHUIt 15" OMR 11/N "I n/U BM V/H »/u waau ~~m n/u»/u wu~n/vti/v~n/v~ wiw in tk/uv/u v/vm/v n/w u/wFEEDER SERVICE TO INDONESIA va WT awan
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  • Page 44 Miscellaneous
    • 130 44 LEGEND: issued by Meteorological Service Singapore R[ Thunderstorm A Showers X\ n Temperature c pj Wind direction and speed in knots Cloudy Day Weather Cx 3 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j j Sli 9 ht -<
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    • 125 46 t «v vj Y*f*' 1 r a «r% t *y P Relax and let Jumbo do the work. If you want shipments delivered worldwide, you want DHL Jumbo boxes for goods up to 25kg and Jumbo Juniors for goods up to 10kg. DHL will pick-up and express deliver them door-to-door
      125 words