The Business Times, 20 June 2000

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Microfilm: NL21875
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 THE BUSINESS TIMES MITA (P) 035/12/1999 SINGAPORE TUESDAY, JUNE 20. 2000 tjps
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  • Article
    Lock icon MARKET SUMMARY
    60 1 □sn INUB (-16.02) OBT-SU 7*183 (-5.56) is atut (-no) STOCK MARKETINDICES Monday Change NIKKEI 11»L*_+***** HANG SENG 11*7.47 -1NJ1 SET INDEX MAM -188 JAKARTA COMP _490.«9 +167 MANILA COMP 128 TAIPEI WP! *****.1 -1*7 SEOUL COMP 75M8_-U6 CLSA CHINA B IM1JI -SJ6 AUSTALLORD S.104J +7J Noon EST Ckage
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  • Article
    Lock icon FINANCE
    75 1 FOBEX BATES ust ss LSI 1.729 £(US$/S$ per 2) lil< 1820 BUSOflJSS/SS/E) 0.969 1474 DM 1019 0.856 YEN tOe.8 1634 RM 1800 0.465 HKS 7.7*4 8522 BAHT 39.18 0.044 RUP1AH 8626 0.020 'Sttowouma PUKE BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .J9W BA.N(iW)K J.56 MANILA 11.00 HONGKONG 8.50 TAIPEI
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  • Article
    Lock icon Hutchison beats NOL to stake in Indonesian port: report
    377 1 Antara reports deal; NOL warns of higher charges if Hutchison Port wins bid Bloomberg [HONGKONG] Hutchison Port Holdings of Hongkong has likely won a bid to take a 48 per cent stake in a container port in Tanjung Priok, Indonesia for
    Bloomberg  -  377 words
  • Article
    Lock icon OBS scuttles Vickers, Goh merger
    1257 1  -  Merger proposal fails to win 75% approval needed for it to proceed OOH-TIGKBRS MERGER By i Conrad Raj [SINGAPORE! Flamboyant hotelier Ong Beng Seng yesterday blocked the creation of what would have been Southeast Asia's largest securities house with over $1 billion in shareholders' funds
    1,257 words
  • Article
    Lock icon New sense of empowerment by shareholders? Not quite
    674 1  -  m lock siew catherine ong IT isn't everyday In Singapore that a minority shareholder takes on the management of a publicly-listed company, especially one substantially owned by the government and wins. Ong Beng Seng's victory yesterday over the controlling sharehold era of
    674 words
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      75 1 DBUDB Property Grenville condo: Majority owners pressuring Pidemco. Pg 10 Why Lee Han Shih thinks SGX will soon put the Singapore Exchange Centre space up for sale. P*9 Top stories Nasdaq, Japan off to smooth start. Mtif Pmgm Ipco targeted for takeover by Ruby Millenium. 4 Adroit beats expectations with
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      85 1 What the parties say, Pg 3 Industry opinions, Pg 3 Thombs down from the market, Pg 3 For every door that closes, three more doors will open. We'll look at every one of those doors carefully before G K Goh executive director Goh Yew Lin ijr I think at this
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      106 1 DANIEL ROTH t -s -^4 "Premier" Exclusive Daniel Roth module. The dragging retrograde hour hand advances 210° to return instantly to its point of departure before continuing its course. Date o'clock. to*** SINGAPORE THE HOUR CLASS Takashimaya SC. >\ MALAYSIA THE HOUR CLASS Lot 10 Shopping Centre, Tel 734 2420
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      Lock icon Page 1 Advertisements Column 4
      49 1 He's the h'? LN of golf. If the other pros could find a judge who would split him in two, j they would. 'IT «J f> Jf J l( ill I' ir: if, |.i iiy (<, < f \'>( Manhattan's retail business Pgi and corruption charges win be dropped. I
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  • NEXT page
    • Article, Illustration
      Lock icon Nasdaq Japan opens with promise of a global market
      760 2  -  It dismisses charges of being a vehicle for Softbank units From Anthony Rowley in Tokyo NASDAQ Japan an offspring of the US Nadaq automated securities trading market got off to what was described as a "smooth" start yesterday with a modest
      AP  -  760 words
    • ON THE grapevine
      • Article
        Lock icon Hyphenation hell
        68 2 w FROM the online magazine. The Standard, repeating what Tim Richardson erf The Register has to say about the business plan of British company Silicon Smart, which sells domain names that are common words separated by hyphens, like www.c-e-l-e-b-r-i-t-y.com: "No one from Silicon Smart was available for comment.
        68 words
      • Article
        Lock icon Speeditup.com
        75 2 9 REEL.COM, the Internet arm of Hollywood Video, knows how to treat customers right The second largest video rental chain in the US, Hollywood Video is selling its e-commerce business to online superstore buy.com. Reel.com has sent out e-mail to all its customers offering free shipping to customers on
        75 words
      • Article
        Lock icon Go where?
        45 2 THIS takes the cake for a fancy name. Guoco Land, listed in Hongkong, is transforming itself into a New Economy company with the name of imGo. "1mG0... invests in high-growth opportunities throughout the wireless sector." the company said in a statement Good luck.
        45 words
      • Article
        Lock icon Everything but the time
        119 2 A RECENT survey of US Internet and technology companies has found that nearly 80 per cent of newly-hired workers receive stock options at their hiring, and a third receive a sign-on bonus. A study for News Alert Inc revealed that if you worked for a US
        119 words
    • Article
      Lock icon What they say
      56 2 fctndtwtry understands tto grow froa| tower margins, and the need to to Investment Research Ltd I? we will continue to engage all the major shareholders constructively. So we have not worked out the details. Some of your questions are in anticipation of change that we will have
      56 words
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      288 2 rn ftHie Hull MBA OF HULL MBA (General) 28th Intake Starting Soon! "Ranked Among Starting in Singapore •28 June 2000 f DivisS* j M BA (Investment finance) 10th Intake 200 y Universities, 1999* Starting in Singapore July 2000 UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor
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  • GOH-VICKERS merger
    • Article, Illustration
      Lock icon WHAT THE PARTIES SAY
      199 3 Tfw following are the press statements issued by the various parties yesterday: *mvQ our vwws. vmUuttn*hta ftstftllll)MlHil I ll>ls^'li3lil^ Balks Holdings Limited shareholders to decide or the merger scheme with QKGoh Holdings 1 Limited, V ickers Bailas failed to achieve the required 75 per cent approval
      199 words
    • Article, Illustration
      Lock icon Investors give outcome the thumbs-down
      639 3  -  By\ David Boey [SINGAPORE] The market yesterday gave the thumbsdown to news that the proposed merger of broking houses Vickers Ballas and GK Goh had fallen through. Market players instead homed in on shares of fellow brokerage Kay Hian on expectations that it would dominate
      Source: Bloomberg  -  639 words
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      67 3 As quick as the real thing. t JH|" j KKufe..*'-' 1 *^0 HH£-- I 1- vmhhvmhmmmh^ For more information on Internet Business Solutions, please fax this form to (65) 735-5782 or e-mail faxplus@singtel.com Name: Designation: Company: Address: Tel: Fax: E-mail: s Please sign me up for a free workshop. Please
      67 words
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  • SINGAPORE companies
    • Article
      Lock icon DBS bidding for Chase's retail business in HK
      523 4  -  pT^xclusive It may have to spend at least HKs6.7b; main attraction is US bank's profitable credit card business From* Quak Hiang Whai in Hongkong DBS Group could be spending more than Ssl billion again on yet another acquisition as the Singapore banking
      523 words
    • Article, Illustration
      Lock icon Adroit beats expectations with 41% premium on debut
      339 4  -  Analysts cite small float, expect farther upside By Andrew Wee ADROIT Innovations surpassed analysts' expectations to close its debut trading on the mainboard yesterday with a gain of 41 per cent over its offer price of 50 cents. The share opened at
      Source: Bloomberg  -  339 words
    • Article
      Lock icon Ipco targeted for takeover by Ruby Millenium
      518 4  -  It will be used as investment vehicle to explore new opportunities By\ Eugene Low IPCO International, an infrastructure and construction group, has been targeted for takeover by investment firm 3a Investment Partners and Malaysian businessman Mohamad Desa Pachi, who is chairman of Bumiputra-Com-merce
      518 words
    • Article, Illustration
      Lock icon MPH profit jumps 46% to $16m
      562 4  -  Earnings from Aussie property arm A? Jennings boost performance By Serena Ng MPH Ltd yesterday posted a 46 per cent surge in full-year net profit to $16 million, riding once again on strong sales and higher profits from its Australian property arm AV Jennings
      CHRIS LOH  -  562 words
    • Article
      Lock icon Sime S'pore takes 49% of Balmoral Park project
      270 4 SIME Singapore is taking a 49 per cent stake in the Balmoral Park residential site which Steven Soh of the Land Resources group bought in March, their second deal together. The partners are paying a purchase price of $66 million for the
      270 words
    • Article
      Lock icon YHS (M) cannot buy into sister company
      318 5  -  Deal exceeds SCs 25% limit on acquisition of foreign assets by listed firms From] Diana Oon Abdullah in Kuala Lumpur FOOD and beverage maker Yeo Hiap Seng (M) yesterday said that the Securities Commission has disallowed its proposed plans to buy into sister
      318 words
    • Article, Illustration
      Lock icon Shining Corp IPO at 21-23 cents each by month's end
      411 5  -  Construction, building ma terials firm has contracts worth $30m By Andrea Tan SHINING Corporation, the latest construction-related firm to hit the listing trail, will offer shares at between 21 and 23 cents apiece at the end of the month. "We'll
      CHRIS LOH  -  411 words
    • Article, Illustration
      Lock icon DBS, Morgan Stanley, UBS to handle PSA Corp global IPO
      374 7 OUB will be co-lead manager for Singapore retail tranche Bloom berg, AFP PSA Corp said yesterday it has appointed DBS Group Holdings Ltd, Morgan Stanley Dean Witter Co and ÜBS Warburg as global coordinators and bookrunners to handle its planned
      Bloom berg,; AFP; FILE PHOTO  -  374 words
    • Article
      Lock icon Corrections & clarifications
      60 7 Corrections clarifications IN our report on June 15 headlined "Former banker starts Asia's first secondary loan auction site", we reported that debtdomain.com operated with the approval of the Monetary Authority of Singapore. The company has clarified that that is not so, and that it has only been working with the
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    • COMPANYBriefs
      • Article
        Lock icon Jadason gets nod for mainboard listing
        67 7 JADASON Enterprises, one of the leading PCB equipment and supplies distributors in Asia, has received in-princ.iple approval from the Singapore Exchange for a mainboard listing. Overseas Union Bank is the manager, underwriter and placement agent for the I IPO. Jadaeon was founded in Hongkong
        67 words
      • Article
        Lock icon Ayala Int'l unit in $80m investment deal
        154 7 AFX-Asia AY ALA International Holdings, formerly know as TLB Land, said its whoUy-owned unit Foflet International, together with Grosvenor Estate Holdings unit Grosvenor Ltd and Uni-Asia Finance Corp, win jointly invest 180 million in the performance notes being issued by AP Real Estate
        AFX-Asia  -  154 words
      • Article
        Lock icon HSH buys Brisbane hotel for A$53m
        70 7 HAI Sun Hup (HSH), which has the sixth-largest portfolio of hotel rooms In Australia, has acquired yet another hotel—Brisbane's Heritage Hotel—for Ass 3 million (5165.5 million). The purchase of the 252-room, five-star hotel In the central business district caps an aggressive buying spree by
        70 words
      • Article
        Lock icon F&N owns 87.5% of Time Pub
        74 7 FRASER and Neave (FAN) has successfully acquired Times Publishing. At the close of its general offer at 3.30 pm yesterday, FAN owned 87.5 per cent ofTPL. FAN said it will immediately review with TPL management all aspects of TPL's business. The beverage and property
        74 words
      • Article
        Lock icon Falmac completes takeover of UK firm
        59 7 SESDAQ-LISTED knitting machine manufacturer Falmac yesterday said it had completed the acquisition of England's Camber International for £881,250 (123 million). Camber is amongs* the world's leading manufacturers of circular knittimg machine. Falmac directors believe the acquisition will have a positive effect on the net
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      • Article
        Lock icon MAE Engg ventures into aqua-culture
        58 7 MAE Engineering, an integrated provider of mechanical and electrical engineering services and aquarium specialist works, has diversified into the aqua-culture business. Its subsidiary, Sunsparkle Pte Ltd, will hold a 70 per cent share in Aqua Ocean Marine Technology Sdn Bhd (AOMT). AOMT cultivates and produces
        58 words
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      84 4 sJf m. I W rM^%if /Jr IHHi tT^ sjjSHflk Jp J MR£J fl I B« ~?i^*" ir" V" 43 ll■ 1L -.»<■ »H V SPORTSW^^R^^* Make a statement on the fairways and impress on the greens with exclusive Black White golf wear. Golfn. uo *«***,~d**+* <^% PI f u~ <*.*.".
      84 words
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      115 5 "11I: zj'7 ..J: M" ..1/ £fr r jaw I L. jwiMMIBBSMBI Wc provide consultancy scrviccs on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore
      115 words
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      30 5 ftßcy nfifioMMM uiudi pc g p*op |rt jowrtioi|(lii mm affected will be <cves ya*roMkkfcenrolling in Ae ctU<SS2)29OS-JJJS when in Hong Ken*. or<4J) i i II lIW.XIIIi If II I '■> sIBSE?
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Gamuda wrt: cheap way to a stock with good potential
      173 6  -  WARRANT WATCH By Ven Sreenivasan ALTHOUGH the Kuala Lumpur stock market is currently undergoing a consolidation, there are some nuggets to be found, especially amongst the warrants. Take the Gamuda Bhd warrant, for instance. This instrument expires in December 2006.
      173 words
    • Article
      Lock icon Untitled
      426 6 Stocks Volume AdrotlOc 06,332,000 AddvafTech 2.5c 18,806,000 Kyoaha HK50C 13,806,000 CMiNilOc 13,800,000 NOL 10,641,000 IPCCo»pn5c 8.979,000 POO 20c 8,618,000 TV»tnwood5c 6,801,000 FHTKHHga20o 6,153,000 L&M50C ....5,159.000 9tocfc» S Adreft 10c 46.354.475 PacMcOanlury 32,590,500 DBSGrp 32,612,336 SPH 19,661,165 Chart Semiconductor 26c 18,887,788 NOL 17,600,800 NatEtodOc 14,639,650 UOB 14,200,800 OCBC 13^63,530 3tA. 12,779,464
      426 words
    • Article, Illustration
      Lock icon STI slips below critical 2,000 level, led by bank stocks
      559 6  -  comment STOCKS ven sreenivasan THE Singapore stock market started this week the same way it closed the last on a lacklustre note with investors showing little or no appetite to take positions. Weighed down by banks and selected component stocks,
      559 words
    • Article, Illustration
      Lock icon KepLand's next resistance at $2.50
      214 6  -  HOT STOCK By' Wong Wei Kong SHARES of property developer Keppel Land rose in active dealing yesterday, with the stock finishing among the session's most heavily traded issues. Keppel Land shares rose 6 cents or 2.7 per cent to $2.30. The stock opened at $2.20
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    • Article
      Lock icon Market Notices
      46 6 t on a cum basis ison June 22. Last day for buying-in on a cum basis is on June 27. Date payable is on July 4. ♦ASIA Pacific Breweries Ltd will be trading ex-dividend (interim dividend at cents) on June 23. Last day tor
      46 words
    • Article, Illustration
      Lock icon Weaker US outlook favours euro, yen; hurts regionals
      349 6  -  comment CURRENCIES larry wee BOTH the euro and the Japanese yen rose against the US dollar yesterday on news of a weaker outlook on the US front, but the region's currencies fell as the threat to its export-led recovery rose. Citing the
      Source:  -  349 words
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      265 6 THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY 19 June 2000 o FRASER AND NEAVE, LIMITED (Incorporated in the Republic of Singapore) has acquired an 87.5 per cent, interest in TIMES PUBLISHING LIMITED (Incorporated in the Republic of Singapore) SG acted as Financial Advisor to Fraser and Neave, Limited
      265 words
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      Lock icon Page 6 Advertisements Column 2
      46 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. Important All applications for units m eight must be made on the application forms accompanytng the prospectus investors must read the prospectus The value of the units and the income from them may fall as weiiasnse SJlH'.s
      46 words
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      325 7 Page Ballroom, Hilton Singapore Sunday, June 25, 2000 Viewing time 10.30am-12 noon Auction sale From 12.15pm We are knocking an unprecedented 50% off the reserve prices of all our rugs for the opening bid. Only during the Great Singapore Sale! Up for bids are: an outstanding and valuable collection of
      325 words
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  • SINGAPORE news
    • Article
      Lock icon Covance opens Asia HQ drug research facility
      370 8  -  US-based firm offers medical test and data management services By Eugene Low SINGAPORE'S life sciences industry got a shot in the arm with the opening of Covance's drug research facility yesterday. The facility which houses the US-based firm's central laboratory and clinical development
      370 words
    • Article, Illustration
      Lock icon More residential property launches likely: Chesterton
      299 8  -  It expects projects to compete on quality as prices stagnate By Marina Chew THE residential property market may be dominated by resale transactions now, but this is set to change as developers are pushed by upcoming supply and higher interest rates to launch their
      FILE PHOTO  -  299 words
    • Article, Illustration
      Lock icon StarHub ties up with Australia's TransACT
      285 8  -  Broadband networks to be developed for valne-added services By Teh Hooi Ling STARHUB is teaming up with Australia's TransACT Communications to jointly develop high-speed broadband networks for the delivery of a wide range of value-added services such as video, telephony and Internet services. Singapore's
      285 words
    • Article
      Lock icon Govt to maintain minimum living standard
      325 8  -  By, Joyce Koh WHILE the income gap might widen in the future, the government will still work to maintain a minimum standard of living, said Minister of State for Trade and Industry Lim Swee Say yesterday. He said that despite the growing gulf in
      325 words
    • Article, Illustration
      Lock icon 11% jump seen in non-oil exports
      296 8  -  the economy outlook Byi Anna Teo SINGAPORE'S May trade data is likely to show a "dramatic bounce" in year-on-year terms, says J P Morgan, forecasting a 11 per cent jump in the month's non-oil domestic exports. The market consensus seems to expect a return
      Source: CBC  -  296 words
    • Article
      Lock icon Charges more than net return
      185 8  -  Leong Sze Hian Singapore UNITED Overseas Bank has launched "MOST—Mapping Out Strategies for Tomorrow" which states "in line with the current government initiatives to promote the use of CPF funds for investment and retirement planning, UOB is the first CPF Agent Bank to implement several
      185 words
    • Article, Illustration
      Lock icon Stop car dealers from bidding for COEs
      467 8  -  li'"Hbag With online bidding now, there is no need for dealers to bid on buyers' behalf anymore Patrick C H Tan Singapore THE Land Transport Authority (LTA) is working towards an open COE bidding system soon. It is perhaps timely to review whether
      FILE PHOTO  -  467 words
    • Article
      Lock icon Let Visa Electron be used an Web
      161 8  -  Leong Weng Tat Singapore IT appears the Visa Electron cards issued by the local banks cannot be used for online payments. The response given to me by a local online bookstore was that "the local banks are not too willing to accept Visa
      161 words
    • Article
      Lock icon Reassure small investors, SGX
      331 8  -  Narayana Narayana Singapore ACCORDING to media reports, the SGX announced earlier this month that it had doubled the tick value or the value of the minimum price movement of a contract from the $5 to $10, to make trading and hedging "more cost-effective". (Incidentally, it also
      331 words
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      17 8 1M GARAGE SALES Rummage here for a treasure trove of great finds. fif The Straits Times Classified
      17 words
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      66 8 We welcome letters. E-mail us at btfetterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind
      66 words
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  • FOCUS property
    • Article, Illustration
      Lock icon A white elephant to be shot — fast
      746 9  - A white elephant to be shot fast PROPERTY To solve Its 'legacy' problem, It Is likely that SGX will soon put Its Singapore Exchange Centre space np for sale lee han shih IN the next few months, Messrs JY Pillay and Tom Kloet will have to make a major decision,
      746 words
    • Article, Illustration
      Lock icon Grenville saga continues
      495 10  -  Condo owners are now trying to hold Pidemco to the deal, claiming STB may yet approve the sale Reports by] Kalpana Rashiwala [SINGAPORE] The majority owners of Grenville Condominium are trying to hold Pidemco Land to a deal it inked in January to buy the property. Their
      FILE PHOTO  -  495 words
    • Article
      Lock icon Tat Lee Court sale okayed
      181 10 THE Strata Titles Board (STB) has approved the $122 million collective sale of Tat Lee Court in the West Coast to listed City Developments. With this sale, the STB has to-date approved 12 applications made by majority owners for collective sales since the amended Land
      181 words
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      191 9 >fris i»i» "NOW I KNOW HOW INCREDIBLE IT FEELS TO HIT A PERFECT SHOT." Chris Newton •18 Handicap Viilr iTv JI^^BHhIHBbbIIP^w^^WH^^BI ■mhH s pv i K "We make our clubs so you can get the wonderful sensation of hitting a golf ball...perfectly." Ben Hogan New from Ben Hogan, Apex Plus™
      191 words
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      Lock icon Page 9 Advertisements Column 2
      148 9 /WKv Jones Lang W LaSalle. For Sale Harrison Road Freehold 8 storey warehouse building with 2 basement levels Land area approx. 16,388 sq ft Floor area approx. 40,570 sq ft Brand new condition Ideal for corporate headquarters Separate entrances for car and truck For enquiries, please contact Sole Marketing Agent
      148 words
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      59 9 /WR\ Jones Lang w LaSalle. TUAS AVENUE 2 INDUSTRIAL BUILDING FOR SALE •Gross Area: Approx 171,862 sq. ft •Site Area Approx 191,600 sq. ft •Tenure: Expiry March 2055 Purpose-built part 1 part 3 storey factory with a 2 storey ancillary office block •Ideal for MNCs For enquiries, please contact Sole
      59 words
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      965 10 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER •Address 2 Tai Seng Avenue Description A 7-storey purpose built corporate building with f I Tender Closing: Wednesday 12 July 2000 For enquiry and tender document, please contact Sole Marketing Agent CB Richard Ellis (Pte) Ltd Industrial Department Tel: 224 8181 Fax: 221
      965 words
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      155 10 hAUOkV ■■■■■I Built in: 54,692 sf U VJIM £9 Land area: 52,4975f Tenure: 60 yrs from 1961 p I Sale with vacant possesion For more details, kindly contact Joint Marketing Agents: Knight V* Tan Kok Eng Frank Property Consultants 228 6894 251 7387 4-Storey Detached Industrial Building No. 9 Sin
      155 words
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      328 10 Jones Lang W LaSalle, Prime Mixed-Landed Prime Bungalow Site Site in Bukit Timah along Dalvey Road Site area: 34,473 sq ft Site area: 65,416 sq ft Zoned for two-storey mixed-landed housing Zoned for Good-Class Bungalows Close to prominent schools like Swiss Cottage U n 'fl ue c n e k
      328 words
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  • eNews
    • Article
      Lock icon No move yet to list Symbian, says Psion
      204 11 Reuters [LONDON] Handheld computer maker Psion pic yesterday tried to dampen excitement over a reported plan to float its Symbian joint venture soon, saying it had taken no decision on whether to list the operating system developer. Psion shares rose 16.7 per
      Reuters  -  204 words
    • Article, Illustration
      Lock icon Tired of Whitney? SwapIT for Britney
      518 11 BOSTON AP TRADE Whitney for Britney, or Cream for Korn. A new Internet company hopes to make it easier for people to get rid of CDs they no longer want and get hold of used CDs that they do. Swapit.com may lack the cozy
      AP; FILE PHOTOS  -  518 words
    • eBriefs
      • Article
        Lock icon Microsoft to buy Bungle Software
        69 11 Reuters [NEW YORK) Microsoft Corp was to announce later yesterday that it will buy Bungle Software Products Corp to create cutting-edge gamee for its forthcoming X-Box video game console, the Wall Stmt Journal reported yesterday. Terms were not diecloeed. according to the article. Some analysts
        Reuters  -  69 words
      • Article
        Lock icon Real-time prices on UK cell phones
        69 11 Daily Telegraph [LONDON] Mobile phone users in Britain will be able to receive real-time share pricee on their phones when iTouch launches its new WAP portal today. The portal is backed by United News Media, which has a 70 per cent stake hi iTOuch.
        Daily Telegraph  -  69 words
      • Article
        Lock icon Credit Lyonnais starts Net brokerage
        73 11 Bloomberg [PARIS] Credit Lyonnais BA, France's third-largest publicly traded bank, started an Internet brokerage that aims to break even in 2003 with 30,000 to 80,000 clients. Credit Lyonnais Interactif, the bank's Internet bank, already offers brokerage services. The new brokerage, dubbed Top Trades, will offer
        Bloomberg  -  73 words
      • Article
        Lock icon Beenz.com forms venture in Japan
        79 11 Bloomberg [TOKYO] Beeni.com Inc said it has started a joint venture in Japan with Oracle Japan and units of Softbank Corp and Hikari Tsuahin to provide Japaneee companies with its online incentive marketing service. Beensxom Japan, capitalised at US$2.7 million (554.6 I million), said it
        Bloomberg  -  79 words
    • Article
      Lock icon AOL plans TV service with e-mail, messaging
      330 11 DULLES, Virginia Billed as cheaper alternative to buying a second PC, it will compete with Microsoft's WebTV Bloomberg AMERICA Online Inc, the world's largest Internet provider, will introduce an interactive television service that combines e-mail and other activities with TV broadcasts in a
      Bloomberg  -  330 words
    • Article
      Lock icon Intel to double wafer-making capacity in Ireland
      264 11 DUBLIN Reuters INTEL Corp, the world's largest maker of computer chips, said yesterday it planned to almost double semiconductor wafer manufacturing capacity at its European manufacturing site in Leixlip near Dublin. Intel said it would add 50,000 sq ft initially to the plant,
      Reuters  -  264 words
    • Article
      Lock icon IBM wins 10-year deal to run Nissan's IT network
      477 11 TOKYO Bloomberg INTERNATIONAL Business Machines Corp, the world's No 1 computer-services company, said it won a 10 Vi-year contract to run information systems for Nissan Motor Co, Japan's third largest automaker by sales. Beginning in October, IBM will manage maintenance and
      Bloomberg  -  477 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Graft takes root in India's economy
      878 12  -  bottom line OPINION rajandra bajpai The writer is a New Delhi based journalist who contributes to BT IT wasn't long ago that taking a bribe for performing one's duty was considered repugnant in India Now it is a way of life and it is
      878 words
    • Article
      Lock icon IN OTHER WORDS
      87 12 This notion of lightness is totally missing the point There are many smart people, intellectually smart as well as street-smart, who don't have the energy or motivation at times to act smart, but that doesn't mean they're not smart' -Lamy Davis a fraternity brother of George Bush
      87 words
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      Lock icon Dirty politics in Thailand
      627 12 EDITORIAL DESPITE three rounds of re-polling because of rampant cheating, a full 200-member Senate is still not in place in Thailand. A fourth re-poll in four constituencies is slated for some time soon, but the Election Commission fears more dirty tricks, perhaps forcing a fifth re-poll.
      627 words
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      Lock icon American economy will be tamed into slower growth
      1077 12  -  Fnrther credit tighteningi will take place that will eventually slow Main St activity By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology LAT-WP AS mid-year 2000 approaches, there is a noticeable change in American and global financial
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      Lock icon WHAT THE OTHERS SAY
      903 12 THERE is an ongoing debate among economists, engineers and futurists about whether we are really living in a golden age of technological progress. Nobody questions that digital technology and its consequences including the Internet, cell phones, smart appliances and all that have made and will continue
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  • REGIONAL news
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      Lock icon Time dotCom listing still on, says Halim Saad
      504 13  -  jTi^xciusive Sale to Khazanah expected before creditors' meeting next month From'. Eddie Toh m Kuala Lumpur TIME Engineering will proceed with its earlier plan to float Time dot Com even if Khazanah Nasional pays less than what Singapore Telecommunications had offered for
      504 words
    • Article
      Lock icon Bank Negara gets into venture capital business
      207 13 KUALA LUMPUR Bloomberg MALAYSIA and two of the nation's biggest banks said they will invest RM3OO million (5H36.4 million) in new companies related to telecommunications, biotechnology and high-technology manufacturing. Malayan Banking Bhd (Maybank) and BumiputraCommerce Bank Bhd will each put in RMSO million,
      Bloomberg  -  207 words
    • Article
      Lock icon KL extends top judge's term by 6 months
      186 13 KUALA LUMPUR AP THE government has extended the term of Malaysia's top judge for another six months despite a mounting debate over whether he compromised his duties during a vacation in New Zealand, a senior official said. Malaysia's King granted Federal Court
      AP  -  186 words
    • MARKET moves
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        Lock icon Tat Sang gains 5% on debut
        189 13 FURNITURE-MAKER Tat Sang Holdings Bhd managed to buck the market trend yesterday, posting a modest gain of 12 sen or almost 5 per cent above its offer price of RM2.50 on its debut on the second board of the Kuala Lumpur stock market yesterday.
        189 words
      • Article
        Lock icon YCS rises 30 sen on relisting
        111 13  -  Compiled by Diana Oon Abdullah SECOND-BOARD construction and property group Pembinaan YCS Berhad saw both its shares and warrants actively traded yesterday as it was relisted after an 18-month trading suspension following the conclusion of its debt workout plan. YCS, which currently has a
        111 words
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      Lock icon Malaysia and Korea likely to get rating upgrades: Salomon
      454 13 MANILA It also expects better Asian bond performance in H2 Reuters PROSPECTS for Asian sovereign bonds are better in the second half of the year, with Malaysia and South Korea likely to get credit rating upgrades on the back of improving
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      Lock icon Philippines posts hefty growth in trade surplus
      364 13 MANILA Analysts expect healthy export demand to continue Reuters THE Philippines yesterday reported a hefty 204.5 per cent annual growth in trade surplus in the first four months of this year and analysts expected the trend of slowing imports and healthy export demand
      Reuters  -  364 words
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      Lock icon Gus Dur risks backlash with Suharto pay-back deal
      575 13  -  From 1 Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid has embarked on a risky strategy of attempting to strike a deal with former president Suharto to drop corruption charges if he agrees to return US$25 billion (Ss43 billion) to the government.
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      Lock icon Lawyers charged with blackmail of HK tycoon
      305 14 f* HONGKONG AP mTWO lawyers appeared in -Court yesterday on charges that they tried to cheat a bil- lionaire businesswoman out r ,qf HK$lO million (552.2 millfj lion) in a scam relating to her late tycoon husband's will. p Thomason Mo and Ailey
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      Lock icon Thai GDP in Q1 up 1.5% from Q4 on surging exports
      600 14 BANGKOK Year-on-ye&r, however, growth slows to from (15%, raising concern about recovery Bloomberg, AFP THAILAND'S economy expanded in the first three months of the year as surging exports of cars and electronics offset declines in financial services and agriculture.
      Bloomberg,; AFP; AP  -  600 words
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      Lock icon HK jobless rate drops to 5.1%
      261 14 HONGKONG Bloomberg HONGKONG'S unemployment posted its biggest drop in more than IS years in May as the city's double-digit economic growth generated more manufacturing, construction and service jobs. The jobless rate declined to an average 5.1 per cent in the three months to May,
      Bloomberg; AFP  -  261 words
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      Lock icon Nearly 100 Chinese miners murdered in compensation scams
      369 14 BEIJING Gangs cause rock collapse, pose as kins to claim payments AFP THE Chinese authorities are moving to smash a chilling but common scam in which criminal gangs have murdered up to 100 miners in order to steal their death compensation payments.
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    • NOTEBook
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        Lock icon HK exchange applies for listing
        68 14 Reuters [HONGKONG] The Stock Exchange of Hong Kong yesterday said its holding company, Hong Kong Exchanges and Clearing Ltd (HKEx), has appHed filiating on the exchange. It did not give a target date for the listing. The Hongkong government has previously said the listing couki
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        Lock icon Quantas delays overseas share sale
        79 14 Bloomberg [TAIPEI] Quanta Computer Inc, the Taiwan notebook computer maker whose shares have fallen 28 per cent since early April, has withdrawn an application to sell shares overseas. It has received regulator approval to delay a sale ofglobal depositary receipts, said an official ofthe Securities
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        Lock icon RM300m M'sia funds for Net, tech firms
        71 14 Bloomberg [KUALA UJMPUR] Malaysia and two of the nation's biggest banks said they will invest RM3QO million (5113&2 million) in two funds to focus on the Internet, telecommunications and high-technology manufacturing. Malayan Banking Bhd and Bumiputra Commerce Bank will each ooctribnteßMSO million, white
        Bloomberg  -  71 words
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      Lock icon China Everbright names new chairman
      176 14 HONGKONG AFP CHINA'S flagship investment group China Everbright Ltd yesterday said that it has appointed Wang Mingquan as executive director and chairman to replace Liu Mingkang. Mr Wang has also been appointed executive director and chairman of China Everbright Technology Ltd and China Everbright International
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      403 13 |y wharton-sMu Wharton un„ersit, conference UnhwnKy of PtwnylvMlt Professor Jerry Wind Leonard Lauder Professor and Professor of Marketing, The Wharton School. University of Pennsylvania Q A Session Moderator Dr Y.Y. Wong, Chairman, WyWy Group Professor Tan Chin Tiong, Provost. Singapore Management University Professor Patrick T. Harker Dean, The Wharton School.
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      62 14 MONG HING i fAi ainmniiim i I RESTAURANT 20 Havelock Road #01-03/04 Central Square _Jingagoreos976s. Tel: 223 4588, 538 2282 location, a M mi at basement of Central Square, Central Mall Merchant Square. ttejigY Best In m£' mBMWF 1 J? i I I Mte, *Mona Bon^tufl Wedding Banquet available with
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  • WORLD news
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      Lock icon It's on to St Andrews for an 'Open double'
      891 15  -  The British Open and a career grand slam are waiting next month for the formidable Tiger Woods. Dave Anderson reports on the unstoppable golfing phenomenon T'S 6.000 miles from hpif» fPph- rptirpH nilpr of thp Rnval anH A nriont AnHrouic WnnHc
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      Lock icon Hutchison Telecom Australia raises A$702
      424 15 SYDNEY Money from rights offer to pay for new wireless licence Bloomberg HUTCHISON Telecommunications Australia Ltd said it raised As7o2 million (*****.5 million) from a share sale to investors, who purchased 85 per cent of the stock on offer. The money will be used to
      Bloomberg  -  424 words
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      Lock icon Ex-Japanese PM Takeshita dies
      287 15 I OBITUARY 'Shadewshegnn'earned his nickname far fnndraisingclct, kingmaker «hflb 1 AFP {TOKYO! Former Japanese prime minister Noboru Takeshita, known as the "shadow shogun" and kingmaker of politics, died yesterday at the age of 76, a party official said. He died of respiratory failure at a Tokyo
      AFP  -  287 words
    • Article
      Lock icon US economy beginning to slow, says Fed's McDonough
      704 18 LONDON FOMC No 2 cites housing data and consumer durables Reuters, AFX FEDERAL Reserve Bank of New York president William McDonough said yesterday that recent reports from the US economy suggested it was beginning to slow. "The economy, according to data which
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      Lock icon Hedge funds sue UBS Warburg over 1998 asset sales
      398 18 NEW YORK They claim they were forced to close oat position* at fire-sale prices Bloomberg ELLINGTON Capital Management LLC and five of Its hedge funds sued ÜBS Warburg LLC, claiming the investment bank forced the funds to close out investment positions
      Bloomberg  -  398 words
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      Lock icon Deutsche Telekom shares down alter 200m share sale
      699 18 BONN Bloomberg DEUTSCHE Telekom AG shares fell as much as 3.2 per cent after the German government sold 15 billion euros (Ss2s billion) worth of shares in Europe's biggest phone company to help reduce debt and fund a tax reform. Telekom shares
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      Lock icon China enters last leg of talks to join WTO by year-end
      412 18  -  Diplomats say glitches can't be ruled oat as they study Bering's plans to remove trade barriers From D Ravi Kanth in Geneva CHINA began yesterday what its chief trade negotiator described as the "final stage of multilateral negotiations" towards
      412 words
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      Lock icon US banks' Q1 profit up 8.8% to record US$19.5b: FDIC
      425 18 WASHINGTON Bloomberg US banks' earnings rose to a record US$l9.5 billion (5533.7 billion) in the first quarter, up 8.8 per cent compared with the same period in 1999, the Federal Deposit Insurance Corp. At the same time, the agency warned
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    • WORLDWatch
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        Lock icon Li Ka-shing's Husky Oil to buy rival
        61 18 Bloomberg [CALGARY, Alberta] Husky OU Lid, a closely held Canadian oil producer controlled by Hongkong billionaire Li Ka-shing, agreed to buy rival Renaissance Energy Ltd for C 54.42 billion (555.17 billion) in cash, stock and assumed debt. The purchase will form the Canada's
        Bloomberg  -  61 words
      • Article
        Lock icon Old Mutual buys United Asset of US
        43 18 AFP [LONDON] British financial services group Old Mutual yesterday said it had acquired United Asset Management Corp of the United States for USI2S per share in cash, valuing the company at US$l.46 billion (552.5 billion). AFP
        AFP  -  43 words
      • Article
        Lock icon Commerzbank, Dresdner comfirms talks
        72 18 Reuters [FRANKFURT] Germany's Commerzbank AG and Dresdner Bank AG yesterday confirmed they were holding preliminary talks about possible cooperation. The banks said in a Joint statement they would have to assess carefully whether a link-up was feasible. They said no further statements regarding the talks were
        Reuters  -  72 words
      • Article
        Lock icon G-15 calls for better trade terms
        67 18 Reuters [CAIRO] Leaders of the third world's G-15 group met in Cairo yesterday to lobby for better trade terms and more aid from rich nations to cushion the cost of globalisation. Members of the G-15, which combines 17 countries from Asia, Latin America and
        Reuters  -  67 words
      • Article
        Lock icon Ikea to create 10,000 new jobs in UK
        62 18 Reuters [LONDON] Swedish furniture retailer Ikea yesterday confirmed that it would create more than 10,000 new lobe in Britain over 10 years as part of a £700 million (Ssl .83 billion) wide-ranging expansion strategy. Ikea, which currently has 10 stores in the
        Reuters  -  62 words
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      311 15 .—mmmmm—anmmmmmmmmmmmmmmmmkmmm—Mi——mmmm ikMHH >•" Dear Fellow Shareholders, Shareholders of GK Goh Holdings Ltd on Monday voted in favour of a merger with Vickers Ballas Holdings Ltd ('Vickers Ballas'). We regret that even though a majority of those Vickers Ballas shareholders present voted in favour of merger, the number of positive votes
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      143 16 ■F' hr| j£^Kh» E <a jHtt vr v B; nissMi ■Pi* m W We could write the book on derivatives, v'' i It helps that we wrote the alphabet. It bears the catchy designation "FpML? It is the language that enables Internet-based dealing in financial derivatives. We developed W I
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      38 17 *-jfL FpML in collaboration with PricewaterhouseCoopers, gave it to the industry, and along with other leading companies created "9^^rffIMHHBBMHS|H| a 828 industry standard. A new tool, a dialogu^^^ ua,l °ns_ VT) <o£ pU "a %S J" JP Morgan
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      616 18 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MICROTEK INTERNATIONAL TRADING PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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      285 18 In Ihe matter of Ihe Companies Ad, Cap. 50 and in Ihe mailer of Wing Ho Realty Pte Ud (In Memben' Voluntary liquidation) At an Extraordinary General Meeting of Ihe above company held on 19 June 2000 Ihe following resolutions were patted "That Wing Ho Realty Pte Ltd be wound
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  • FINANCE & commodities
    • Article
      Lock icon Futures lose 2.1 points on low volume
      245 19  -  !SGX Derivatives TnAlagßeports MSCI Singapore Index Chan Yet San Refco Singapore THE Singapore stock market started the week lower as other regional markets, with the exception of Japan, feU. The MSCI Singapore Index lost 3.14 points or 1.18 per cent to end the
      245 words
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      Lock icon Futures close down 3.8 points in thin trade
      245 19  -  MSCI Taiwan tatores Chan Yet San Refco Singapore THE Taiwan stock market ended a little lower as electronics stocks fell. The MSCI Taiwan Index fell 1.29 points or 0.33 per cent to end at 384.71 points. The volume traded within the index
      245 words
    • Article
      Lock icon Oil falls ahead of Opec meeting
      261 19 ENERGY REPORT Reuters [LONDON! World oil prices headed lower yesterday as dealers priced in expectations of a rise in supplies in the third quarter from the powerful Opec producers' group which meets later this week in the Austrian capital of Vienna. North Sea benchmark
      Reuters  -  261 words
    • Article
      Lock icon CURRENCY REPORT
      317 19 Reuters London THE yen was buoyed against the dollar and the euro yesterday, as the focus shifted to prospects of a near-term Japanese economic recovery and amid expectations of a possible end to Japan's ultra-loose monetary policy. Analysts said the yen was underpinned by ongoing expectations that the
      Reuters  -  317 words
    • Article, Illustration
      Lock icon Untitled
      1209 19 lMTUitBAlTK CROSS RATES MnI9 A$ a Nt Ure Or M H« to is Yoa Wen m MSP* to Nw S$ to* Sfr Ittt hMPwi USS Aetraia 0.885 1002 0.622 4.082 1217 4.698 26.928 51.987 0.637 6.761 2290 1264 ***** 25.70 1042 4.145 0.972 ***** 23.616 0298 0i03 Canada 1-129 5*49
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      Lock icon Untitled
      1752 19 SI COM FUTURES Jun 19 1 RUMCR<MarasdMta|«atSJOpa) '<■<" SSS)C0NTtACT(ScM(Vk9) CteM VotaM Opt* Matfc 1— Sttt HlMIl) ihwt MOO 117.00 1*00 119.00 Sap 00 122.50 400 M/DacOO <2400 R& 3 CONTRACT OS cMts/kq) VotenM Open tMft W# Km S«tt (tMMl) Mfacwt MOO 65.50 1190 MOO 6425 66.25 66k 5C 150 2875
      1,752 words
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  • STOCKS east asia
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      Lock icon Hang Seng falls 1% on selective profit-taking
      2798 20 HONGKONG AFP QHangSaig -166J1 HONGKONG share prices dropped one per cent on selective profit-taking following a recent rally and declines on Wall Street on Friday, dealers said. "There is selling pressure on property and banking stocks," said Ricky Tarn, research director at Pacific
      AFP  -  2,798 words
    • Article
      Lock icon Nikkei snaps four-day losing streak
      2009 20 TOKYO AFP Ql§dßai226 +***** SHARE prices in Tokyo rose 1.7 per cent yesterday as the opening of a new hightech stock market and hopes of economic recovery improved sentiment, brokers said. The Tokyo Stock Exchange's key Nik-kei-225 Index rose 273.04 points to end at 16,591.35,
      AFP  -  2,009 words
    • Article
      Lock icon TAIPEI
      330 20 AFP □WP Index -H. 7 TAIWAN share prices closed 0.2 per cent lower yesterday in lacklustre trade amid cautious sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index eased 19.7 points to 8,751.1, with turnover hitting this year's low of NT564.70 billion. "Investors are reluctant to trade since
      AFP  -  330 words
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      Lock icon CHINA
      965 20 Reuters QShenzhenßlndex -3iO CHINA'S stock markets closed lower in slow trade yesterday as investors dumped shares of firms with poor earnings after Beijing signalled it was moving closer to delisting underachieving firms. The Shanghai B Share Index fell 1.33 per cent, or 0.74 of a point, to 54.82 on
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  965 words
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  • STOCKS klse
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      Lock icon Untitled
      7689 21 IBMHHHHHHN 2000 C mr Ooy Nat Cap HH> Lew Ciw»«» Sale -BOO HMb Lew Pfl tmd 420 3» Ajlnomoto 350 -20 15 352 350 19.1 Mt9 158 62 Angkasa 62 -1 45 64.5 62 913 670 290 ApoMo r ooo -llg 446 M.7 1793 3350 2700 BAT90C 3100 -50 2003
      7,689 words
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      Lock icon KL shares fall in low trading volume
      348 21 AFP Q Composite Index -219 MALAYSIAN shares closed 2.7 per cent lower yesterday on heavy selling pressure with sentiment weakened by Wall Street's fall late last week, dealers said. The Kuala Lumpur Stock Exchange Composite Index feU 22.9 points to finish at 813.29,
      AFP  -  348 words
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  • SGX clob & regional stocks
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      Lock icon Untitled
      2536 22 BONDS A WARRANTS Junl9 wim M imtn IHM La* Mm laltHk MCmm Urn Mat MM Lao CT tali «ar rww l— Soy M» W W—rt8a8» Mm 41W lni>i|f UK 90 16.5 s Acm< W*****4 20 unch U 20 20 Iti 20 20 4t0 I 300 *64 6.05 a 59 7.5
      2,536 words
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      Lock icon SEOUL
      278 22 AFP CI Composite Index -3.66 THE Korea Stock Exchange Composite Index closed down 3.66 points at 755.38. Volume came to 264 million shares, worth 2.1 trillion won.—AFP JmH *fAAMISMHI—— ***** imrt •ratnTacft *08 5 COTtr«t«nt WO »0 CMCtm. IMOOO 7500 Dm Cu tank 2Q70 uncft Dmim Corp WOO -45
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      Lock icon MANILA
      280 22 AFP Q Composite Index -9.28 PHILIPPINE share prices closed 0.6 per cent lower yesterday in reaction to the fall in the US market and concerns over US interest rates. The Philippine Stock Exchange Composite Index fell 9.28 points to 1,560.62. Turnover fell to 2.54 billion shares worth 1 billion
      AFP  -  280 words
    • Article
      Lock icon WELLINGTON
      272 22 AFP QNZSE-40 -12J7 THE New Zealand share market dipped 0.6 per cent yesterday. The NZSE-40 Capital Index was down 12.17 points at close to 2,035.74 on low total market turnover of NZ$57 million. Market giant Telecom fell 11 cents to NZ$7.5B. —AFP j»w w *h rmm Advantaga HOS 2
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    • Article
      Lock icon SYDNEY
      540 22 AFP FlADOrdmtriM +7J THE Australian stock market defied falls on Wall Street to rise 0.2 per cent yesterday, underpinned by a stronger News Corp, brokers said. The All Ordinaries Index rose 7.6 points to 3,104.5 while the SP/ASX2OO rose 10.3 points to 3,151.1, after earlier dropping to 3,119.8. Turnover
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      Lock icon BANGKOK
      726 22 AFP PSETbJg -3JB THAI shares closed 1.1 per cent lower yesterday on thin and range-bound trading, as investors ignored the release of positive first quarter economic news, dealers said. The Stock Exchange of Thailand (SET) Composite Index dropped 3.83 points to close at 340.66, while the select SET SO
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      Lock icon JAKARTA
      629 22 AFP FlCmpogtelaiex +U7 INDONESIAN share prices closed 1.4 per cent higher yesterday on heavy volume, mostly driven by speculation in Lippo group stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 6.67 points at 490.69 on a volume of 916 million shares worth 634.41 billion rupiah. Advancing
      AFP  -  629 words
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  • Article
    Lock icon STOCKS sgx
    6698 23 SOX MA M M BOARD Transaction date: Jun 19 Qf Qf if 1^1 Last V* Day UaiOwta c»v Otv YM Nat Cm Am hn» t— ciin ut» room l— •mrm umt en >/t $3 HMMI W2 K* a c Ac km 90c 121 cd I a 121 121
    6,698 words
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      67 23 K.» mj yW Who is behind an Auoemars Piguet watch? Regional Agent. Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. availasu s.ngapo«e J 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0 Tel* 218 6678 Fax* 238 6676 Cortina Watch Centrr Ptc Ltd internet- hlt o //www .ud!2. Raffle, City
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  • ARTS festival
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      Lock icon Bitter brew
      827 24  -  The much-hyped Hot Water disappoints P Y VAN with the pianist's erratic performance and graphic portrayals of violence P Y VAN ALAS. Hot Water, that much-hyped encounter between the forces of a traditional European music piano recital and a modern son et lumiere show was ill-matched. It was
      FILE PHOTOS  -  827 words
    • Article
      Lock icon More like a cold shower
      569 24  -  Hot Water feels like a work-in-progress, despite having some resonant visnals Byl Parvathi Nayar AFTER the disappointing reactions to the controversial Desde mono, the first Singapore Arts Festival 2000 (SAF) co-commis-sion, the wait was on for the festival's other co-commission: Robert Wilson's Hot Water. The
      569 words
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      Lock icon WHAT'S ON
      194 24 TODAY Sloka, The Ctiandralekha Qroup (India) Where: Victoria Theatre, 8pm, tickets at $22. $32, $42 and $52 Experimentum Mundi (Italy) Where: Victoria Concert Hall, 8pm, tickets at $22, $32, $42 and $52 Mel em Qetaran Jiws, Perksmus (Singapore) Where: Kallang Theatre, 8pm, tickets at $16, $22 and $32
      194 words
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      190 25 Where to wine, dine and entertain.„^(o»& < rickcn and Roast Sirloin Beef. Japanese Buffet Lunch #23.90 (Adult), 40% discount (Child) te* Euro-Asian Buffet Dinner $24.90 (Adult), 40% discount (Child) Dmtj bmd> tM+tjm S* Tmmckfnm C aoo* to 4.30tm fttnfK PrmJtft Gnd beitefo appjy •ftfiwnirtw or *****15/298 0011 Cafe Plaza AT
      190 words
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      Lock icon Page 25 Advertisements Column 2
      81 25 HOIB.QIUNDCafmM.UMTB> I 22 (Mmrl Road, Stogapore 22M17 B Tat: 737 M 44 Ext 400 MB Fa«c733J175 n n nfl rP r< rS1 v fMH r i JKKKBj fja I I It m i m A mm A I [y|r/111 fnffr/o/n -re' (onfca Patrick Ana 74J i I C r 4
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      Lock icon Page 25 Advertisements Column 3
      35 25 V) DIAOYIITATI iiKiM I lI'SB eg CHINESt KwaANT Experience the exquisite cuisine of Diaoyutai at Pine Court Chinese Restaurant. Reservations: 831-6262/6 <*sA'»rffiiii«gyMnr _J 5339 333 Odufd So* S»o« *****7 W: 737 4411 F*x tu 2361
      35 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      629 25 MHHHHHHH &0 r P h H Ua Chu Kang Pte H2 SaJian. Masak Apa?. Pinal Game 6 AM Kids Central: The a4O Ssn ?5o tova's!£: v 8 LA Lak* Big Comfy Couch. t4O Jkse 100 y V? (U i^ •40 Ozzie The Owl/Teddy- tao NeSsToniaht a3o "-*> Close Transmission, hears.
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      Lock icon Page 25 Miscellaneous Column 2
      222 25 CRYPTIC CROSSWORD ACROSS 5 Great numbers of parcels (4) 1 One of thoee raising bubs in- 6 Device of cheer-leaders in New doors? (8,4) England stale (7) 9 Operjingfor gold porting dta- 7 ine provides pen--10 Obaanwd, fee a cake that is un- 8 B < ll determines VAT to
      222 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon Rise of corporate varsities
      1027 26  -  These new institutions of education portend a new trend in continuous learning reports ammateo ANNA TEO IT may well be, in some cases, an overgrown training department rebranded with a highfalutin name. But the corporate university whether built of bricks and mortar or virtually has, like
      FILE PHOTO: NTU EXECUTIVE CENTRE  -  1,027 words
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      Lock icon Go to school— while at work
      460 26 Go to school while at work ABB ON the banks of Lake Zurich sits Forum Horgen, the state-of-the-art training centre of Credit Suisse. It also houses the ABB Academy, the corporate university of the global engineering and technology group. Convinced that a corporate U would help the group set the
      460 words
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      127 26 ,j Jr ~tfiiiiii^^|i^| y iTifn |SH gwßHWlll B S You can't conquer the world of eßusiness being a lonely fish in an isolated pond. You need the freedom to Mt MpM',l' connect. So your employees, partners, suppliers and customers can work together. And all their different operating systems, intranets, extranets
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  • SHIPPING TIMES
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      Lock icon MARITIME STOCKS
      277 27 Hie freight market report has been dropped doe to pressure on space j»i> a m CWT DtetrtbuHen 079 -0.01 9 Co»co £!*5ftman<.-..ol20 uncO 10 FnluM LMl 0-23 0.01 197 G6 Holding* 0.63 uneh 0 Hal Sun Hup 0.34 -0.01 47 IMC HoMngs-HK —5.60 unch 0 JayaHoidtags arr -0.01
      277 words
    • Article, Illustration
      Lock icon 58 bodies found in truck arriving by ferry in Dover
      389 27 Victims thought to be illegal immigrants from Asia; Dutch-registered truck came from Belgium AFP [DOVER, England] Fif-ty-eight people, thought to be illegal immigrants from Asia, were found dead early yesterday inside the container of a Dutch-registered truck at the port
      AFP; REUTERS  -  389 words
    • Article
      Lock icon Med Star stowaways part of smuggling ring
      187 27 [SINGAPORE] Interrogations of the 10 Iranian and four Iraqi stowaways who attempted to hijack the Italian cargo vessel Med Star by claiming they had a bomb have revealed that they are part of a human smuggling ring, said a senior Indian Coast Guard
      187 words
    • Article
      Lock icon Half of Philippines' maritime colleges expected to meet new standards
      313 27  -  Fromi Alec Almazan in Manila PHILIPPINE education officials estimate that at least 50 or 42 per cent of the country's 118 maritime colleges will eventually pass the government's new accreditation requirements and be allowed to continue offering maritime courses. Commission
      313 words
    • SHIPPING news
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        Lock icon Defects in modern vessels are a growing cause for concern
        701 28  -  DOCKYARD By] David Hughes THERE is a nice irony about the story of the holes appearing, and getting bigger, underneath the main engines of some modern VLCCs (Very Large Crude Carriers). As readers of this newspaper will surely be aware,
        701 words
      • PORTShots
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          Lock icon Bergesen switches officers
          75 28 NORWEGIAN owner Bergesen plans to replace about 600 of its 1,060 Norwegian and 200 British officers with Filipinos, Indians, Latvians and Russians to cut costs and stay competitive. The move could save about US$2O million (5534.4 million) a year and will be Implemented over the next two
          75 words
        • Article
          Lock icon CSAV buys liner business
          64 28 CHILEAN line Companhia SudAmerica de Vapores has bought the name and liner services of Swiss-based carrier Norasia. CSAV is reported to have paid US$3B million for Norasia's global network. Now Norasia Is to be the ma)o>" shareholder in aExpress Container Service which will run a fast
          64 words
        • Article
          Lock icon More trouble for Rina
          72 28 ITALIAN classification society Rina is likely to have more explaining to do to the International Association of Classification Societies (lACS) following the detention of the 1976-built, Maltese-flag tanker Nunkl in Amsterdam for a large number of deficiencies. Rina has reportedly suspended the class and all the
          72 words
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      Lock icon SHIPPING SCHEDULES INDEX
      182 28 PACE Kit-Senator 4 ACL 6 Mmas 4 AMI 3 DitkUoyd S Accord 8 Don n4mi 3 >rr.n,hki C UStr«TH 6 Awwmnip 5 Austral 8 ECU Unt 6 r 4 D.l>i, CKftfl C tmlf till 0 poong Sun 8 7 GUnk 4 BUnqHas B G««artranj 6 7 Hwgli
      182 words
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      16404 35 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VkW Voy age Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oe-st n Nam* Not* Number Number SIN Desfn Htmt Nam* Number Number «ne „m, Numoer Numoer 11/07 02/00 Cho Yenq PUDONG SEN OMW 65-*****12 1° Au z w z, n s
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        Lock icon CONVETIONAL WHARVES
        562 39 vturt Voy Mo Bwth Arrtval Dtpwtur# Jaa|M vi tan i jun-oi J02 19/06/7* 19/06/2330 Tf Jaftar *2OT0r JOT 19/06/9:15 20/06/8-00 taVSMtKlW M0S1 J03 19/04/8:45 19/06/1630 c Ntm i»-jw jot n/ovtss nnv%M 6» 6ee<VWl IK J02 19/06/KM0 19/06/T730 ■taUf 1 ***** J03 19/06/930 20/06/630 MMJ«n Jmt» JOT 19/06/12 JO
        562 words
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        Lock icon CONTAINER SCHEDULES
        1637 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO BooMni/Mmc* Htb Ship Voy No Etb/Btr Prtod Tnm To fnm *cj rum i wudo a amoo a/*» a/iwo U WmO W'ObW *fl*OC a «A700 TM*H -IWK 1 IV070C -9.TTW w/woc 4 IVBM IW»W IVT700 AO NMSCUS 04M MAM MM MM
        1,637 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        440 39 CartM NO Mm 9904 0.7 OJ 0.0? 78 O.OS JhS OmmNt tatar ImUm Art WW Sitoirt Nortow£23 0 0 1 0 0 0 %M| 3M Am MS 4 U U Ui SI OOZ torn 340 Mo MIA 0.5 17.1 0.01 99 O.OS MW1 9MA M/M »m/m
        440 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        175 39 Jail Hong Kong: HK Special Administrative Region Establishment Day. JalM France: Bastille Day. JolU Brunei: HM The Sultan's Birthday. /ml 17 Thailand: Buddhist Lent Day. Jal2o Japan: Marine Day. A«ft Singapore: National Day. Aag 12 Thailand: HM The Queen's Birthday. Aaglß Germany: Assumption Day. Korea: Liberation Day. A*
        175 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        724 39 THIS report compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars Instead of single prices fbr s more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        724 words
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        Lock icon KLM's hub at Schiphol airport a key attraction for BA
        629 40 Dutch carrier's hnb-and-spoke network at Amsterdam can offer transfer services to British airline Reuters [LONDON] Amsterdam's Schiphol airport would be a major prize for British Airways pic if it succeeds in its planned takeover of KLM Royal Dutch Airlines. Analysts
        Reuters; REUTERS  -  629 words
      • Article
        Lock icon Airbus clears last hurdle for launching A3XX
        825 40 European consortium has finally set terms for corporate restructure IHT [PARIS] Airbus Industrie has cleared the final corporate hurdle prior to launching its longplanned superjumbo jet to compete directly with the Boeing 747, a French aerospace executive said over the weekend. The go-ahead
        IHT  -  825 words
      • Article
        Lock icon Second map light found without burn marks
        259 40 SWISSAIR CRASH AP [HALIFAX, Nova Scotia] A second map light from Swissair Flight 111 has been found without burn marks in the plane's wreckage, investigators said. A Transportation Safety Board spokesman said the small halogen light that rested above the observer's seat was
        AP  -  259 words
      • Article, Illustration
        Lock icon Lufthansa sees profit growth from freight; e-commerce
        486 40 Bloomberg [BERLIN] Deutsche Lufthansa AG, Europe's No 2 airline, said it expects 10 per cent profit growth this year to be driven by an increase in the number of business travellers and by growth in cargo shipments as companies fulfill orders placed over
        Bloomberg; AFP  -  486 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1738 40 an fucht n* fuow era lmtm 0020 *****2 mo MM» *tm mo una mm "raw go OFOI mo OFR 2055 *05 0F5 2250 AM229 ZZX H2457I 1MB 1*779 2305 0*380 2230 1605 B24S79 2305 ILK T 30t «05 S***** 2305 AflHtartM KL0043 0435 fflfttH 0040 J*!
        1,738 words
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      140 27 ssa Defective ships a growing concern, Pg 2 Airbus clears last hurdle for A3XX, Back pg y k Introducing smartfounkers.com I\ The first independent site that really allows you I to manage your bunker requirements on-line. I Established by experienced bunker and shipping M professionals to combine innovation with hands-on
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      774 28 WM >* 0> NORTH AMERICA QULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) lOUU KARACHI gXPRfSS (MOQ mm. wr m m nmu rasa m m in mt u m am mm m OOaUUKA 43*511 31/05 10/ M M/M I P&O KBIIOYV KAMA! ANAS OK M/M M/M 11/ M U/M 14/ M 10/
      774 words
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      642 28 v Lines services represented by (S Members of the Registry of Members of (he <MK»J Accredited Shipping Agents, Sin 9 lo 9« ihc Singapore Shipping Association Association ULY UNI MAU WmwJ vßsa Ivor[lS I n liu L P.KIANG SPOtt MAU Is I Princess lily VO4OO 26/06 27/06 05/07 Empress Lily
      642 words
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      1015 29 SAX SERVICE (DIRECT) rasa wr sura ux o* pal hou oo ax mho «i ntc mvmmx «n 21/ot 00/17 u/w 11/17 11/17 11/17 11/07 11/07 n/07 12/17 OiTOUMMUi W 20/04 13/17 11/17 11/17 l»/>7 11/07 11/17 11/07 ~H/W~ 10/07 MJNX Mil 05/07 20/07 25/07 25/07 25/07 25/07 25/17 25/17 20/07
      1,015 words
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      1904 29 ®HANJIN SHIPPING tikPi 4lkh«»f.U. -S*i *****30 HANJM SMPPING (S) PTI LTD //mm W*. com MJOUM *****35 737 SAIB *****24 231 OOOJMMT *****71 774 OfBUTWIS ********** MMNUNE *****55 FAX *****45 fIMMISMfIO4OM TO NW USA A CANADA USA fwvu/vot UM sS u*HAa/voY su -1 nw on rex oi T~Sp m on mm
      1,904 words
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      1336 30 DSR-SENATOR LINES TO UK/C?ONTINENT TOMKDfITORANEAHCANADA wi ww i ia imi w ma w Ri aaaa wr "ST" on m m *u rnn immmwnm nw an ion nn an Mn un lomoom tawTw mw bi «r nn un an an chotwww ami nm ur nn nn nr 1117 an washmgtonkmtw ooaw
      1,336 words
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      772 30 IlLAfl MAC-NELS S PORE M'SIA I Carrier MM COUTH UNES, WC p.quoaiwmm lrJ\y vIJ i«amla:<w)»434«* PENAMQ: (04) 2SM6S6 BAMQKOtC fM2) *****57 MUMM: (II) >2*1211 P (03H6«2g77 JKT (21) *****46 KUCHNQ (MR) *****1-3 MANILA MANZANiUO/VALPARAISO MV "TIGER ARROW" V.795 MV "EUROPEAN EXPRESS" V.EUOOIN ETA SIN: 23-6-2000 ETA SIN: 23-6-2000 MADRAS SHANGHAI
      772 words
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      633 30 r-rr (rnmniwn mmnrwi—n ALSO ACCEPTING TO Mi. MORTHHW MB WESTERN I.CJ). POMTS VMM) stone h shew Colombo p klanc CAFE CREUS VIMW MJM MJUL M JUL U JUL CAPE CANAVERAL V.I2SW C JUL 11 JUL IS JUL >1 JUL tulmoas v.127 hjul ujul hju. a jul CAPE CREUS V IMW
      633 words
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      847 31 IVfSSa VOV HKO KHH I SIN I PKL I DXB tA DAM BMC WANSATTAM PCI-159 16/06 It/06 23/06 24/06 02/07 03/07 05/07 07/07 WANBAAKERI PCL-160 23/06 25/06 30/06 01/07 09/07 10/07 12/07 14/07 MAN HfSABI PCI-161 30/06 02/07 07/07 06/07 16/07 17/07 19/07 21/07 MAN SHAHMYAft PCI-162 07/07 09/07 14/07
      847 words
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      965 31 wfwutyiq 1 or MHCV VO CQIO—P I 5 MVS I ivnv wpmiT J I GENERAL AGENTS IN SWGATORE 80 ROOINSON RD TEL- 226 1900 FAX: *****00 OUTWARD (l/L) 4205M?^oISroSar~ > """l m ITD #12 SALES/RRGS *****57/43 INWARD DETT (D/ 0) *****15 COSTAR AGENCIES (M) SDN BHD a NO: *****1*0000* SINGAPORE
      965 words
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      739 31 IXPONT IMPORT I lloj^lfi^ sr" jlHi^ill'l| EXPORT IMPORT VESSa VOT I I I w l*u»«* umm m ii mo vor ia am £■> [WEISS BBgSBSBSB S^ H gMFT $S= momma oioi jot/w 74/00 vm M wt wc mjosio 10/07 13/0; ~oT/ii USWC/CANADA SSBVICE BtfOff IMPORT mm i |m> ii I
      739 words
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      545 32 I*CAMQ4H«fIA/PONLANO/«USS4A EENVICBS SGP W IW6 TMP g| 1 mW LHV ItffiT WWWTW "TCffir 01/07 20/07 21/07 73/07 75/07 24/07 o>/B7 27/07 21/07 31/07 01/ M 02/00 AKO TO AND HMMb- HMUMD, DENNACK. SWHXN. WSSU 4EAN/BLACK SIA/EUROPE SERVICES SGP 190 tVw]ttS MU MM |MV |IHP ZH nas wfw iwwo/ w mb'
      545 words
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      353 32 ARABIAN HRSIAN OUIf/MDUN SUB CONIB4ENT SERVICE EXPORT VESSEI VOTAGI SGP CM DUi JDA AMI DM IAM MNXV IN6HE 0150* 73/04 04/07 05/07 07/07 UN MOT 041M71* 24/04 30/04 05/07 04/07 07/07 UWASSUK OI3MIIW 27/04 01/07 07/07 07/07 10*712/07 YW Hi 0171* 30/04 11/07 15/07UNASPNE 04IM2WT 03/07 07/07 12/07 13/07 IVO7
      353 words
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      896 32 n ADVANCE CONTAINER LINES (PTE) LTD AA I. I TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. itsaaofflOOOF W FO* BOOKINGS PHASf CALL: *****22 SALIS A MARKETING *****21-20 V«sa VOY UN KK VBSa V.Tr'" ACT I PC 141N 21/6 V>4d 24/6 Srt aNAR &AIAM (UTCII 051 21/6 Vfed
      896 words
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      396 32 SO TEL OK BLANGAH ROM) 082-82 OTWORT CBfTW STORE SSBB2S TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** Cfl NO. **********0W VESSa w ra etc DBiwm nasukwa ?v?oso nmnm nmnm paihobang-msuntw/ m. salam ikaguri rmm t%mnm nmnm pomtianm MMtKW turn MUM Ml am P*L lALAM UtAMU M/7M 847/2SSO 04V7/2SBS
      396 words
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      1699 33 HMNEHYUNDAIMERCHANTMARI^^ Ivtssa WT SM SOU lUN I CTRI ANT I NAM I MtV IWSSE VOT I SOU II IHE AWT NAM M~ "ST NTOTMMOOOM 324W 22/04 10/07 15/07 12/07 13/07 MOSa 5331 02/04 03/04 M/ 05 30/05 20/04 ME SMW 23/04 17/07 15/07 04/07 11/07 THAMES 541E 29/05 03/04 31/05
      1,699 words
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      632 33 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA "CAR RORO HEAVYUFT SERVICE* VRSfI I VOT ItAMP HEIGHT SIN |LK MAO MIA SAV BAL OKf MYC MEW MOI tapiou AHOI3 4001 m *jm "2176* if/07 27/o; 30/07 oi/o« WoT 0476i~*70T WWTT7B~ TAMPA AHOI4 4001— 6.3 M 10/07 09/01 17/01 20/01 22/01
      632 words
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      1594 34 INDONESIA NATIONAL LINE TO AUSTRALIA 1 RN± COWIMNEW REHVIGC vs. wn wt w m m e m R UJU6AI ns b/hs/ii nm vro ii/w rawmM TO tkMvm «/vm/v W/V U/K WWB ~~m u/vu/v wv H/v ii/v T" m—m as w/pu/y n/vn/vn/v u/v~ FEEDER SERVICE TO INDONESIA j ZZZ m ra-tTB
      1,594 words
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      56 37 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum 10 p 3 Mon/Wed/Fri Pg 7 Wo rid gate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL K c 7 T New Europe To Services To Jim*™, EAST MALAYSIA c pQpjg 3.c. ASIA service
      56 words
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  • Page 39 Miscellaneous
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      Lock icon Page 39 Miscellaneous Column 1
      135 39 $£i^> x^ W fegffigjKjfgfljgffygk •< Ik ■^s^^KHH^Bl®^# fm |JRi/IRi|B H F 30. w. >n| K Thunderstorm Showers y^S R®' o Temperature c /-y Wind direction and speed In knots Cloudy Day Weather £**3 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable
      135 words
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