The Business Times, 6 July 2000

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Microfilm: NL21887
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 The BusinessTimes MITA (P) 035/12/1999 85C SINGAPORE Interne!* http://business-times.asial .com.sg/ THURSDAY, JULY 6, 2000
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  • Article
    Lock icon MARKET SUMMARY
    72 1 Dsn 2,***** (+7.91) BT-SRI 806.49 (+1.53) ST INDEX FUTURES 2079.00 (+10.00) SIMSCI FUTURES 27&00 (+1.10) STOCK MARKET INDICES Wednesday Change KLSECOMP 818.69 +10.82 NIKKEI 225 17,435.95 -3430 HANG SENG 16,***** +238.51 SET INDEX 322.85 +619 JAKARTA COMP 512.47 +331 MANILA COMP +1.04 TAIPEI WPI 8,421.74 +***** SEOUL COMP
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  • Article
    Lock icon FINANCE
    78 1 FOREX SATES l!S$ SS USJ 1.737 £{11S&/SS per 1.515 2.631 El'RO(US$/SS/E) 0.954 1.657 DM 2.061 0.847 YEN 106.4 1.633 RM unl— 0.457 HKt 7.796 0.223 BAHT 39.47 0.044 RUPIAH 9,255 0.019 SSto 100 units NUMERATES SINGAPORE* 5.80 KUALA UJMPl'K 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11 (Ml HONGKONG 8
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  • Article
    Lock icon IPO market stirs, but some analysts advise caution
    1009 1  -  Those in bear camp say special factors explain the meteoric rise of top performers By] Ling Su Ann [SINGAPORE] The IPO market is demanding attention again, after months of neglect. Market watchers are predicting the return of initial public offer (IPO) fever
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  • Article, Illustration
    Lock icon STM setting up SmartCard chip design centre in S'pore
    437 1  -  -ti exclusive Operations at $30m facility will begin by year-end liy David Boey [SINGAPORE] The world's leading maker of Smart Card chips, STMicroelectronics (STM), is putting in $30 million to set up a chip design centre in Singapore. STMicroelectronics said the
    Source: D  -  437 words
  • Article, Illustration
    Lock icon Standing tall
    54 1 [NEW YORK] It was US Independence Day, the fourth ofJuly. And Americans have never had it better. US President Bill Clinton is seen here speaking on the USS John F Kennedy as a tall ship passes between him and the Statue of Liberty at New York Harbour during
    AP  -  54 words
  • Article
    Lock icon Goodbye Sogo, hello Robinsons
    724 1  -  Japanese store will close at Raffles City; Robinsons, Gold Storage will take over By Kalpana Rashiwala [SINGAPORE] It's the end of the road for Japan's beleaguered Sogo department store at Raffles City in Bras Basah Road. The shopping mall's landlord, Raffles City Pte Ltd of the
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      80 1 wsmE Exec Suite It's a buyer's market, say property consultants. Pg 28 Top stories Clob investors can trade without schedules. Next Page lonics tops actives after winning Philips contract. Pg 3 SMRT valued at $930 m in coming share sale. Pg 5 Motoring European cars rev up market share as
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      15 1 B V LG A R 1 I it I l» ll if I t I
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  • NEXT page
    • Article, Illustration
      Lock icon Would you want a minister for just $2,000?
      594 2  -  It's possible, but good-quality people cost more: BG Lee Serena Ng [SINGAPORE] If government ministers are paid $5,000 or even $2,000 monthly, there would still be volunteers for the job, but then such volunteers may not always be ideal for it, Deputy
      BLOOMBERG NEWS  -  594 words
    • Article
      Lock icon Clob investors need not wait for release schedules before selling
      408 2  -  They can call the MCD-Direct service to check status From Eddie Toh in Kuala Lumpur LONG-SUFFERING Clob investors can start trading their Malaysian shares that used to be quoted on Singapore's Clob International even though they have not received their
      408 words
    • ON THE grapevine
      • Article
        Lock icon Moody's upgrade for Malaysia next?
        75 2 STOCKBROKING firm Merrill Lynch has tipped Malaysia to be the next country to be upgraded in the near future following the recent rise in Thailand's rating. With Thailand's rating of Baa 3 by Moody's, Merrill reckoned Malaysia will do as well if not better, given
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      • Article
        Lock icon Bouquets for borrowers
        40 2 IN its annual borrowers award, Euromoney, the London-based financial magazine, has named Asia Pulp Paper as the best Asian corporate borrower, Korea Development Bank as the best Asian sovereign borrower, and Hanvit Bank as best Asian bank.
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      40 2 This announcement appears as a matter of record only. IKR INTERNATIONAL LTD. POWERFORD PTE LTD (Wholly-owned Subsidiary of HKR Asia-Pacific Pte Ltd) SGD 51,600,000 Project Finance Facilities Sole Lender HSBC^> The Hongkong and Shanghai Banking Corporation Limited 3 July 2000
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      8 2 Market forces will spur bank mergers, Pg 4
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  • SINGAPORE companies
    • Article
      Lock icon Ease up to ensure market can absorb big S$ paper supply
      727 3  -  i [•!•}!< lock siew wong wei kong ARE recent fears of an oversupply of Singaporedollar paper overblown? Last week, the Monetary Authority of Singapore (MAS) successfully auctioned its largest ever issue of Singapore Government Securities (SGS), or government bonds.
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    • Article, Illustration
      Lock icon Ionics shares heavily traded on news of Philips contract
      630 3  -  37.3 m units changed hands yesterday despite partial suspension By David Boey SHARES of lonics EMS Inc topped the actives yesterday after it announced Royal Philips Electronics had awarded it a contract to make some 10 million CD Rewritable (CDRW) drives
      Source: Bloomberg  -  630 words
    • Article
      Lock icon SMRT valued at $930m in coming share sale
      608 5 The valuation works ont to be about 15% less than some estimates calculated by analysts Bloomberg SINGAPORE MRT Ltd said it would sell shares in an initial sale that would value the company at as much as $930 million, less than analysts
      Bloomberg  -  608 words
    • Article, Illustration
      Lock icon Parkway up 5% after board appointment
      298 5  -  Parkway Labs, Medi-Rad also get booster shots Byi Andrea Tan PARKWAY Holdings shares rose 20 cents or 4.6 per cent yesterday, a day after the company appointed the founder of India's Apollo Hospitals Group to its board. The healthcare operator's two other listed units.
      Source: Bloomberg  -  298 words
    • Article, Illustration
      Lock icon HK-based North 22 Technology Services launches IPO
      422 5  -  ity Andrew Wee HONGKONG BASED North 22 Technology Services Group, which provides computer services, yesterday launched its initial public offering of 125 million new shares. The public tranche of the mainboard IPO has 17.5 million shares offered at 20.5 Singapore cents, which will
      ARTHUR LEE  -  422 words
    • Article, Illustration
      Lock icon Three S'pore banks score in Net survey
      322 7  -  DBS ranked first in Asia-Pac outside Australia; OUB, UOB among top ten By\ Siow Li Sen LED by DBS Bank, three Singapore banks have been given high marks for Internet banking Web sites in the Asia-Pacific region. DBS Bank was ranked top in
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    • Article
      Lock icon Somerset Holdings bags deal to run Tianjin retail mall
      273 7  -  By] Lilian Ang LISTED Somerset Holdings, the hospitality and retail arm of the Pidemco group, yesterday said it clinched a property management contract for one of the largest retail malls in Tianjin, China. The prime six-storey shopping and entertainment centre is
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    • COMPANY Briefs
      • Article
        Lock icon Shining Corp IPO 9.5 times subscribed
        49 7 SHINING Corp yesterday said its public offer was 9.5 subscribed. The placement tranche of 20 million shares has been fully taken up. The company's initial public offering comprised 28.2 million shares at 21 cents each, representing 34.3 per cent of its issued capital.
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      • Article
        Lock icon PacNet launches Mandarin portal
        110 7 AFP PACIFIC Internet yesterday launched a Chinese language web site portal in Hongkong and Singapore. Chinese Pacfusion.com would leverage on the success of PacNet, its English language counterpart and a Nasdaq-listed company. "With over one billion people communicating in Mandarin, our Chinese language portal is an
        AFP  -  110 words
    • Article, Illustration
      Lock icon Keppel TatLee says it's still keen on Philippines' Equitable PCI
      426 7 S'pore bank denies newspaper report, says talks to bay stake are going on Bloomberg KEPPEL Tat Lee Bank Ltd, the smallest of Singapore's five lenders, yesterday denied it has lost interest in Equitable PCI Bank, the Philippines' third-largest commercial lender,
      Bloomberg; FILE PHOTO  -  426 words
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      170 3 IF YOU'RE LOOKING FOR A HOUSE IN LONDON, HERE'S A MAP YOU'LL FIND USEFUL. jCf/ rO /S\ /J 1 x fcng, {J Kmcwm JL>- 7& ''""-.v \*nwmsns /y \V 7 /r The DBS London Property Showcase at the Grand Hyatt Ballroom, 8 9 July. To make the most of property
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  • BANK mergers
    • Article, Illustration
      Lock icon Market forces will spur bank mergers: BG Lee
      972 4 Govt studying changes in banks' capital adequacy requirements, intends to deepen measures to enliven debt market, ease CPF investment rules Bloomberg [SINGAPORE] SINGAPORE'S banks may be forced by market forces to merge as further opening of the island state's financial industry intensifies
      Bloomberg  -  972 words
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      135 4 This announcement appears as a matter of record only July 2000 SingaTrust Limited (Incorporated in the Republic of Singapore on 15 November 1994) INVITATION IN RESPECT OF 50,000,000 ORDINARY SHARES OF $0.25 EACH COMPRISING 42,000,000 NEW SHARES AND 8,000,000 VENDOR SHARES AS FOLLOWS:(A) 12,000,000 OFFER SHARES COMPRISING:(I) 7,000,000 OFFER SHARES
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      792 4 SingaTrust Limited (Incorporated in the Republic of Singapore on 15 November 1994) INVITATION IN RESPECT OF 50,000,000 ORDINARY SHARES OF $0.25 EACH COMPRISING 42,000,000 NEW SHARES AND 8,000,000 VENDOR SHARES AS FOLLOWS:(A) 12,000,000 OFFER SHARES COMPRISING:(I) 7,000,000 OFFER SHARES AT $1.20 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER;
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Acma wrt: decent numbers, but a high-risk play
      192 6  -  WARRANT WATCH By R Sivanithy AFTER a sharp spurt at the end of April and early May, Acma's share price has drifted downwards. It has actually been moving sideways for some weeks now, hovering around the current price of $1.20 with no
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    • Article
      Lock icon Untitled
      507 6 Stock* Volume Ionics P$1 00 37,308,000 FDS Netw US5c 32,049,000 Achieva5c 30,142,000 AddvalTech 2.5c 29,022,000 AirOcean 5c 27,249,000 LafeTech US4c 25,440,000 PKTech5c 22,187,000 Adroit 10c 18,780,000 WahShing HK50c 18,513,000 Trek 5c 12,278,000 Stocks SIA 56,861,700 FDS Netw US5c 45,645,840 DBSGrp 39,735,421 PacificCentury 30,707,500 Chart Semiconductor 26c 28,118,150 Ionics P$1.00 21.505.535
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    • Article, Illustration
      Lock icon Renewed interest in tech stocks sparks lively session
      539 6  -  l-l I comment cn —i O o CO r. sivanithy Technology counters made a bit of a comeback yesterday in a much livelier trading session than seen in recent days even blue chips firmed in modest volume. Again, a popular theme was
      539 words
    • Article, Illustration
      Lock icon SIA shares set to break through $18
      248 6  -  HOT STOCK By' Ven Sreenivasan SINGAPORE Airlines (SIA) was among the leading gainers yesterday as it jumped 40 cents or 2.3 per cent to a twomonth high at $17.90. The traded volume of 3.2 million shares was significantly higher than its 10-day average
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    • Article
      Lock icon Market Notices
      147 6 ♦GP Industries announced it had acquired 219,000 shares in Clipsal Industries (Holding) from the open market on June 28. Its interest has now risen to 49.1 per cent or about 56.4 million shares, from about 48.9 per cent previously. ♦SC Global Development will hold its AGM EGM on
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    • Article, Illustration
      Lock icon Rupiah plunges 5% on heavy selling by US players
      346 6  -  I=l i comment CURRENCIES larry wee THE Indonesian rupiah collapsed under pressure from what players described as heavy selling traced to US parties falling almost 5 per cent overnight to end at a fresh 16-month low of 9,400 versus the US
      Source: Reuters  -  346 words
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      92 6 2 2 NORTH 22 TECHNOLOGY SERVICES GROUP LIMITED (Incorporated in Bermuda on 24 January 2000) INITIAL PUBLIC OFFERING 125,000,000 New Shares comprising:(a) 30,000,000 Offer Shares at 550.205 each; and (b) 95,000,000 Placement Shares at US$O.l2 each Application for Shares may be made on printed Application Forms referred to in the
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      49 6 YOU CAN NOW PUT YOUR CPF SAVINCS IN EIGHT. important All applications tor 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 well as nse Ql HISBANK
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      101 7 Love Sparkles at Larry's mmm /A businessman in search of a gift for his wife. Demanding nothing but the best. An ideal cut Lazare Diamond necklace, 88 pieces long. After a while, the deal is cut: the gift goes home. w A wife caught happily unawares, another satisfied customer Jlr
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  • MAIL bag
    • Article, Illustration
      Lock icon Be fair to minority shareholders
      262 8  -  Frank Newman IN the past year or so, several listed com pa nies have floated off subsidiaries on the stock market, but their existing shareholders were not given the first bite of the cherry when the shares were issued. Two companies come to mind: Flextech
      FILE PHOTO  -  262 words
    • Article
      Lock icon Unit trust 'cooling off' period a setback
      441 8  -  Geraldine Low Chief Operating Officer www.theopenarena.com via Internet I REFER to the article "Unit trusts: Money back clause under study" (BT, July 4). This move, if implemented, will be a few steps back in the development of our fund management industry and the
      441 words
    • Article
      Lock icon Distribute bank shares in specie
      89 8  -  Denis Distant I REFER to the article "Banks' non-core asset sales: fair deal likely for minorities" (BT, July 4) and suggest the banks consider distributing to their shareholders in specie the shares of non-core subsidiaries and associates. This exercise would save brokerage on the sales
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    • Article
      Lock icon Merit in having a roof over your head
      625 8  -  Other ways to lower business costs than catting CPF contribution Chow Theng Kai ALLOW me to give some comments tc your article, "What tne IMF thinks of the CPF" (BT, July 3 I have neither the full text of the IMF s
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    • Article
      Lock icon Debit cards that can be used online
      229 8  -  Georgette Tan Vice-president for communications, Asia-Pacific MasterCard International I REFER to Leong Weng Tat's letter (Mailbag, June 20) on online payments in Singapore Allow me to assure Mr Leong that the major players in the payments industry' are making giant strides to facilitate
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Price pressures creeping in
      415 9  -  I4 T 4=l on the economy prices By Anna Teo PRICE pressures are slowly but surely creeping in, going by the latest core inflation figures. These measures provide a better indication of an economy's underlying price trends by stripping out the more price-volatile components from the
      Source: MAS  -  415 words
    • Article
      Lock icon Ministries to discuss new directions and present innovations
      141 9 ALL 15 government ministries are gathering together for the first time next week to present their existing and future innovations. The function is organised by the Public Service for the 21st Century (PS2I) Office to commemorate its fifth anniversary, as well as
      141 words
    • Article
      Lock icon StarHub teams up with NetTasking.com
      450 9  -  Move will allow telco to offer broader range of services to business customers ny' Teh Hooi Ling STARHUB, which aims to rake in $45 million in revenue from small and medium-sized companies this year, has added a new service to its suite following a strategic
      450 words
    • Article, Illustration
      Lock icon Teneriffe to be launched at $410 psf on Saturday
      403 9  -  Each unit of this leasehold cluster housing project will go for $1.3 m By. Andrea Tan THE Teneriffe, a 99-year leasehold cluster housing project off Sixth Avenue, will be launched this Saturday at an average of $410 per sq ft (psf)
      403 words
    • Article
      Lock icon MTI to release early quarterly growth estimates
      234 9 Figures to come a month before economic survey MORE timely indication of Singapore's economic health will be given with the release of advance growth estimates, which will be made public as early as 10 days after the end of each quarter, the Ministry
      234 words
    • Article
      Lock icon Healthy take-up rate at Techpark 21 factory
      191 9 INDUSTRIAL property developer Sin Soon Lee Realty's Bukit Batok factory has seen a healthy take-up rate of 59 per cent since its launch last month. Prices for the 179 units ranged from $215 to $300 per sq ft or from $450,000 to $700,000
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      36 9 %*A r V Breaking good news! Fortune is really smiling on job seekers. Sunday RECRUIT in The Sunday Times brings you a feast of career opportunities, on top of your Saturday RECRUIT bumper. Bite into it!
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon E-economy in Europe faces death by taxes
      723 10  -  mi\\dk I bottom line OPINION shada islam The writer is a Brussels-based journalist who contributes to BT ROMANO Prodi is a self-confessed Internet fan. The president of the European Union's executive commission starts off the day by scrolling the Web sites of his
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    • Article
      Lock icon IN OTHER WORDS
      136 10 'He's a great master who looks like a complete walkover. Suddenly, there's a whirl of limbs and then everyone is lying on the floor.' -Greg Barton an Australian biographer of Gus Dur. on the Indonesian president's political methods. 'I resign, my adventure is over. I am not
      136 words
    • Article
      Lock icon The financial sultanate
      576 10 EDITORIAL BARRING any last-minute change of heart, Brunei alms to become an international financial centre soon. It is an ambition that is perhaps overdue. And it was not the East Asian economic crisis that led to this plan getting off the ground; Brunei, given its strong currency,
      576 words
    • Article, Illustration
      Lock icon Thailand still crippled by chain of corruption
      1170 10  -  Business cronyism that set Thailand np for a fall has been slow to change By Lee Miller Bloomberg NARUPORN Chotivongsajarn spends 11 hours each day in a 4-sq-m stall at a low-end Bangkok shopping mall, peddling blouses and skirts to students from nearby
      Bloomberg  -  1,170 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      926 10 Action needed on Ftyl THE time has arrived for effective international action to match the strong words of condemnation that followed the ethnic coup in Fiji. The United Nations' and the Commonwealth's confidence that the forces of moderation will prevail have apparently proved to be misplaced,
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  • MALAYSIA news
    • Article
      Lock icon William Cheng plans to make Lion roar again
      568 11  -  RM74Bm in cash and properties to be injected in ailing group's units From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon William Cheng will inject RM74B million (*****.7 million) in cash and properties into his ailing stable of listed companies in a bid
      568 words
    • Article
      Lock icon Time, Sapura up on Time dotCom news
      344 11  -  Sapura said to be tying up with Khazanah Prom Diana Oon Abdullah in Kuala Lumpur STOCKS of Time Engineering and the Sapura group rose yesterday on news reports that Sapura will be teaming up with government investment arm Khazanah Nasional to take up
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    • MARKET moves
      • Article
        Lock icon Mulpha shares active
        98 11 SHARES of diversified property and construction group Mulpha International Bhd were actively traded yesterday. The counter, which has over 35 per cent of its shares held on Clob, saw a total of 2.8 million units traded, closing up 4 sen to 68 sen. Trading in Mulpha picked
        98 words
      • Article
        Lock icon Recommendation boosts Tanjong
        123 11 DIVERSIFIED power and gaming group Tanjong yesterday finished 50 sen higher to RM9.50, aided by a positive recommendation by local house PhileoAllied securities. Despite a slight disappointment in first-quarter results, Phileo recommends an accumulation for Tanjong at current levels. In addition to a steady income stream from
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      • Article
        Lock icon MMC up after share sale news
        66 11 MALAYSIA Mining Corp's shares closed higher yesterday up 16 sen to RM1.72 after it was reported that Malaysia's state-run fund manager Permodalan Nasional Bhd had sold its 19.9 per cent stake to private group Impian Teladan Sdn Bhd. No reason was given for the
        66 words
      • Article
        Lock icon UMW shares weaker
        58 11  -  Compiled by Diana Oon Abdullah MOTOR dealer UMW Holdings was down yesterday, closing 40 sen lower to RM7.50. Analysts said most news related to the counter had been absorbed, and the counter has been among those holding up reasonably well in the market decline of the last
        58 words
    • Article, Illustration
      Lock icon Weapons raiders part of Muslim cult: Police chief
      390 11 AFP [SAUK, Malaysia] The gang trapped on a hilltop after seizing more than 100 weapons from a Malaysian army camp is part of a Muslim spiritual group and has political motives, the country's police chief said yesterday. "Further investigations that we have
      AFP  -  390 words
    • Article
      Lock icon Nipah virus infects 4 in Sarawak
      172 11 KUALA LUMPUR Reuters FOUR people have been infected by the deadly Nipah virus in Malaysia's eastern state of Sarawak on Borneo island, the official Bernama news agency said yesterday. It quoted Sarawak Health Director Yao Sik Chi as saying that the four two workers
      Reuters  -  172 words
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      480 11 Learn the entrepreneurial secret that made Brad Sugars a millionaire at age 24, deca-millionaire at 27 and, how he's gone global to shoot for his first $100 million before he's 30 Whether you're in a business Here's what you'll for yourself, have only ever learn at Brad's dreamt of starting
      480 words
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  • SOUTH east asia
    • Article
      Lock icon Financier Saxena fights extradition to Thailand
      291 12 VANCOUVER He's accused of role in USs6om Bangkok Bank of Commerce embezzlement case Reuters NEARLY four years to the day after he was arrested for his alleged role in a bank scandal that shook Thailand's economy, financier Rakesh Saxena on Tuesday was back in
      Reuters  -  291 words
    • Article
      Lock icon US, Viet officials hopeful of striking trade deal
      244 12  -  From Leon Hadar in Washington AMERICAN and Vietnamese officials meeting this week in Washington are hoping to conclude a deal that will be a major step in an effort to establish normal trade relations between the two countries that had fought a
      244 words
    • Article
      Lock icon Manila sweetens PNB sale terms
      250 12 MANILA Reuters THE Philippine government has sweetened terms in its second attempt to sell a 30.39 per cent stake in financially-trou-bled Philippine National Bank (PNB) on July 19, Finance Secretary Jose Pardo said yesterday. Bidders for the stake, which amounts to 62.67 million shares, would
      Reuters  -  250 words
    • Article
      Lock icon Jitters in Jakarta as rupiah hits 2-year low
      530 13  -  Unit falls 5% on central bank's plan for softer approach to rate policy Front I Shoeb Kagda in Jakarta THE Indonesian rupiah yesterday tumbled to a two-year low, fuelling concerns of a possible free-fall in the currency, which could ultimately lead to
      530 words
    • Article, Illustration
      Lock icon Explosives found at office of Attorney-General in Jakarta
      508 13 JAKARTA Reuters INDONESIAN police said yesterday that they had found explosives at the Attor-ney-General's office in Jakarta, just one day after a home-made device detonated in the multi-storey building. Police were evacuating the building and had yet to try to disarm the
      Reuters; AP  -  508 words
    • NOTE Book
      • Article
        Lock icon Indon Q3 growth seen at 3-4%
        73 13 Reuters [JAKARTA] Indonesia's central bank said yesterday the economy would grow 3-4 per cent in the third quarter compared with the year-ago period, roughly in line with expected gross domestic product growth for calendar 2000. In a statement, Bank Indonesia said it did not
        Reuters  -  73 words
      • Article
        Lock icon Thais worried about crime wave
        56 13 AFP [BANGKOK] Thailand's Metropolitan Police Bureau is worried that crimes related to gambling on Euro 2000 matches will "explode" now the championship has ended, a report said yesterday. Bookmakers and gamblers might turn to crime to settle bets laid on the matches, assistant commissioner Wongkot
        AFP  -  56 words
      • Article
        Lock icon Thailand's NAP to expel 34 MPs
        71 13 AFX-Asia [BANGKOK] The New Aspiration Party (NAP) will expel members who refused to resign their seats in Parliament along with the majority of other MPs last week, NAP spokesman Kuthep Saikrachang said. He said the 34 MPs who refused to quit along with the
        AFX-Asia  -  71 words
    • Article
      Lock icon PAL's April net profit of 392b peso biggest in history
      182 13 MANILA AFP PHILIPPINE Airlines (PAL) said yesterday it posted a record monthly net profit of 392.7 million pesos (5515.6 million) in April. PAL said in a statement that the profit in the first month of its new fiscal year was
      AFP  -  182 words
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      86 12 2 NORTH 22 TECHNOLOGY SERVICES GROUP I v. sirvicii ™l®| ik rdr I ;J^'^ I ?!!!L- Raßiji,.; f f|W 5| I liliUiiJt' wtp s More people are reading. J* Kr; According to an independent survey, readership of SPH s daily newspapers increased in 1999 over the previous year By 5%
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      5 13 Rupiah plunges 5 Pg 6
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      Lock icon Page 13 Advertisements Column 2
      277 13 e-business is changing the way you handle your data. Your e-business needs to handle a huge amount of data, including multi-media that is often unstructured and would test any other database software and your patience. But not IBM's new DB2® Universal Database ver 7.1. A robust database operating across all
      277 words
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  • ASIA news
    • Article, Illustration
      Lock icon Taiwan stocks rally on new stimulus package
      500 14 TAIPEI Index posts biggest gain in three months; recovery also helped by govt buying Bloomberg TAIWAN'S key stock index posted its biggest gain in more than three months yesterday after the government prom ised to hold taxes steady and nurture in vestment funds
      Bloomberg; Source: Bloomberg  -  500 words
    • Article, Illustration
      Lock icon Tung admits target change
      629 14  -  85,000 public flats a year goal was abandoned in 1998 Fromi Quak Hiang Whai in Hongkong UNDER fire from the public over alleged inconsistencies in his housing programme, Hongkong Chief Executive Tung Chee-hwa yesterday admitted for the first time that he abandoned his long-term target of
      AP  -  629 words
    • Article
      Lock icon H share firms may sell new stock in China
      344 14 SHANGHAI Bloomberg CHINA may allow its publicly traded companies more leeway to raise capital by lifting a 1998 ban that prevents firms that have already sold shares in Hongkong from selling new shares in Shanghai and Shenzhen. The Chinese Securities Regulatory
      Bloomberg  -  344 words
    • Article
      Lock icon Indian funds lose money in H1 with IT funds losing less
      369 14 BOMBAY Bloomberg INVESTORS in Indian tech nology funds, such as Birla IT Fund, lost money in the first half of 2000. Those that invested in general stock funds lost more. Technology funds dropped an average 11 per cent as
      Bloomberg  -  369 words
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      505 14 lr^ 11 1 S^^tH IHH H A l^^l fy^ ■CBfund I ■gfgfund, 9 MAN HHHHHMHHHi M OPTIMIX OPTIMIX I^^^9 I Asian Equity Fund Contrarian Fund Gold ft Resources Fund BHHI r^^9 Far East Asia A fa^^B fcuiudwg Japan Equity Fu* Winner Global Equities FuikK i best Performing Fuiu*. fl years,
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  • eNews
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      Lock icon Hutchison shares soar with Hang Seng in tow
      642 15  -  Li Ka-shing's firm finds favour with investors ahead of its major tie-np with two foreign telecoms giants From Quak Hiang Whai in Hongkong LI Ka-shing's Hutchison Whampoa Ltd led the Hongkong market higher yesterday as investors continued to buy up the stock
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      Lock icon On the prowl for prized IT talent
      522 15 BANGALORE AFP AS dotcom fever rages in In dia's information technology (IT) capita] of Bangalore, headhunters have resorted to trawling pubs, hotels, and even clubs and discos in their search for badly needed talent. V Sridhar, chief of headhunting firm CRV Consultants, which
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    • Article
      Lock icon Computer Associates dives 43% after profit warning
      245 15 ISLANDIA, New York Bloomberg COMPUTER Associates International Inc shares fell as much as 43 per cent after the No 4 US software maker warned that fiscal first-quarter profit missed analysts' estimates because of sluggish sales in Europe and for its mainframecomputer software line.
      Bloomberg  -  245 words
    • Article
      Lock icon NEC may list in US to fund takeovers of IT firms
      302 15 TOKYO Bloomberg NEC Corp, Japan's biggest maker of personal computers and semiconductors, said it may list its own shares and those of its subsidiaries in the US to help fund acquisitions of information technology companies, part of its efforts
      Bloomberg  -  302 words
    • Article
      Lock icon Asian e-business seen rising to US$300b in 2004
      525 16  -  Growth lags that of US and Europe dne to lack of telecommunications and other infrastructure Prom Neil Behrmann in London ASIA'S e-business revenues will soar to US$3OO billion (Sssl9 billion) in 2004 from US$3l billion in 1999, forecasts the London-based Economist Intelligence
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      Lock icon Softbank sinks to 9-month low on Net stock fears
      373 16 TOKYO Its shares fell to 11,920 yen, before closing at 12,460 Bloomberg SOFTBANK Corp sank as much as 14 per cent to a nine-month-low as investors once again began to question the earnings prospects for companies whose activities are focused on
      Bloomberg  -  373 words
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      Lock icon Melbourne IT to register Chinese domain names
      225 16 MELBOURNE Bloomberg Melbourne IT Ltd, an Internet domain name registry, said it will use technology developed by Singapore-based i-DNS International to register domain names using Chinese characters. The Melbourne-based company said it plans to extend its registry business into other character-based languages, including
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    • e Briefs
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        Lock icon AMP Bank offers free PCs to customers
        77 16 Bloomberg [SYDNEY] AMP Ltd, Australia's biggest life insurer and fund manager, said its banking arm will offer free personal computers to new home loan customers, as the fledgling bank seeks to expand client numbers. Sydney-based AMP Banking, which said it received about Asl2s
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        Lock icon IBM, Cisoo tie up for European venture
        65 16 Reuters [NEW YORK] Computer and Internet giants International Business Machines Corp and Cisco Systems Inc on Tuesday said they would team up to offer European businesses a complete system to manage their customer relationships. It is the first venture announced since September, when
        Reuters  -  65 words
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        Lock icon Stolen art on Interpol's Web site
        94 16 AFP [LYON, France] Interpol has added a section on stolen art works to its Internet site, including information on terra-cotta statues from Africa that are particularly sought by traffickers, it said on Tuesday. Recently stolen paintings, sculptures, furniture, jewels, and coins will be posted
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        Lock icon Philips to double CD-R drive production
        55 16 Reuters [AMSTERDAM] Philips Components, a unit of Philips Electronics NV, yesterday said it planned to double its production capacity of CD-Rewritable drives to 20 million units annually by the end of2ool. Europe's largest maker of consumer products, lighting and semiconductors said its decision was
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      257 15 \n \III 1/ l/JH^trp^^ Y\ VU v H^7SQT^^ a\A AiuLr Tmßi i iru>ii \\\\\\\V\ V\ h J/yL nj'/N/ /n/ /V I I rvi A "Put not your trust In money, but put your money In trust." X\\S\\\\ i Iff' Ollvr Wendell Holme* Sr. \A\\\woX\A\\ ■fI/ Vx/\ k^§9* \W\a\V\\V\ !^Bk^^^\\ x^A\V^y^'
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      116 16 www.hyundai-motof.com) <D 2002 nn mho cur |^)REA}MfVN The People's People Carrier The new Hyundai Tiajet ~W $W -.v. 1 f W f J|MH|Pf |j* Uh y 4 i A > ISB^B^HHEjHBIKHS^^T'i^Bi# I I I L jylL*£» —w > > I w. 1111%111.-' .ti fiift'iifri iltl'nltji "-it T!nHnß-*MMrv 1 H||HNBHHB Hyundai
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      87 16 Since 1975 our worldwide staff of over 275 multi-disciplined professionals i f «H including lawyers, chartered accountants. i K chartered secretaries and bankers have ji AW provided confidential and cost effective company formation in all the ma|or low IPt ,<lx ar e3s including: Incorporation Fees from USSSOO The world's leading
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  • WORLD news
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      Lock icon EU warns 120 banks over alleged fee cartel
      470 17 BRUSSELS It has evidence they breach roles on forex charges for euro zone currencies Reuters THE European Commission said on Tuesday that it was sending legal warnings to 120 banks and banking federations in Belgium, Ireland, Finland and Portugal, alleging they operated
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      Lock icon Aussie central bank leaves key rate unchanged
      398 17 SYDNEY Move was widely expected amid signs of slowing growth Bloomberg AUSTRALIA'S central bank left its key interest rate unchanged at 6 per cent, signalling it is assessing the impact of four previous increases and tax cuts on the economy. The Reserve Bank
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    • Article
      Lock icon British Land seeking £2.5b for hostile bid?
      168 17 Reuters [LONDON] British Land is understood to be seeking £2.5 billion (5J6.6 billion) in debt financing to fund an all-cash hostile bid for Liberty International and its majority-owned subsidiary, Capital Shopping Centre, the Financial Times reported yesterday. The newspaper said British Land, Britain's
      Reuters  -  168 words
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      Lock icon 10-year wage freeze for queen, says Blair
      400 17 HtrmuliOiwuea will stay at CTJm Reuters [LONDON] British Prime Minister Tony Blair said on Tuesday the annual allowance Queen Elizabeth gets from taxpayers will be frozen for the next 10 years. The Civil List payment made to the monarchy by the government to
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      Lock icon D Telekom buying C&W: reports
      555 18 MUNICH Deal could be signed soon after July 19, says German magazine AFP AP Reuters GERMAN telecommunications giant Deutsche Telekom is on the verge of buying British group Cable Wireless, two business weeklies reported in their latest editions. Cable Wireless rose as much as 7
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    • Article
      Lock icon Index of leading US indicators falls 0.1% in May
      466 18 NEW YORK Bloomberg Reuters THE closely-watched index of leading US economic indicators fell in May, the second straight month without an increase. This is the latest evidence that six interest rate increases from the Federal Reserve over the past year are
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      Lock icon Toyo joins Sanwa-Tokai alliance
      433 18 TOKYO AP Bloomberg TOYO Trust and Banking Co said yesterday it would join the planned alliance between Sanwa Bank and Tokai Bank, filling a gap left last month when Asahi Bank dropped out. The banks said they would combine under a holding company in April 2001,
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      Lock icon Crude down 6% on news of Saudi ouput hike plan
      392 18 Saudi wants Opec benchmark price to fall to about US$25 Bloomberg [NEW YORK] Crude oil plunged more than 6 per cent after Saudi Arabia, the world's top producer, said Monday it was prepared to raise output by 500,000 barrels a
      Bloomberg  -  392 words
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      Lock icon Japan set to review telco law, NTT may be split
      374 18 TOKYO Govt aims to spar IT sector, cat line access costs Reuters JAPAN appears set to overhaul telecoms giant NTT with a review that might break up the company, a former state monopoly which is currently at the heart of
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      Lock icon US analyst's call depresses prices of top chipmakers
      258 18 NEW YORK Bloomberg TEXAS Instruments Inc, Advanced Micro Devices Inc and National Semiconductor Corp fell after Salomon Smith Barney Inc analyst Jonathan Joseph forecast that semiconductor shipments would slow and prices decline. Texas Instruments dropped 5 to 64 in early trading. Silicon
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      133 17 Ring road in Beijing stops European traffic. Without warning last year, Chinese authorities issued The intention was to protect the ailing Chinese business. To get your subscription for the FT, simply an edict that all sports utility vehicles except for automotive industry. This has in turn slowed down call (852)
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      1174 18 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I IN re^ H O^A Q^ Originating Summons No. 940 of 2000 In the Matter of Showpia Asia Limited (Formerly known as Shows Plastics Singapore Fie Ltd) (In Judical Management) (RC No. *****1374K) And In the Matter of
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      137 18 SMITH ENERGY SERVICES PTE LTD (In Vol. Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the Members of the abovenamed Company will be held at the Office of M/s Wee Seng Tiong Co., 1 Coleman
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      8 18 ■today® Planhafanhon Uneasy, relations among the license holders
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  • FINANCE & commodities
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      Lock icon Futures up on Europe stock market lead
      271 19  -  SGX Derivatives Tmttin&Reports ST Index/MSCI S'pore Index Chan Yet San SINGAPORE stocks ended higher yesterday. The Straits Times Index closed up 7.91 points or 0.38 per cent, to close at 2080.33. Within the index, 27 counters advanced, 16 declined and 12 remained unchanged.
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      Lock icon Futures surge 4.2% on market boost from govt
      236 19  -  MS& Taiwan Index Chan Yet San TAIWAN stocks yesterday made a strong comeback after the government announced measures to boost the market. The MSCI Taiwan Index gained 17.68 points or 4.95 per cent to close at 374.85, taking back nearly double what
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      Lock icon Oil dips over extra Saudi supply
      225 19 ENERGY REPORT Reuters [LONDON] Oil prices shed more ground early yesterday as dealers braced for extra oil from Saudi Arabia after Riyadh's surprise vow on Monday to lift exports. London Brent blend futures fell 39 US cents a barrel in early trade to U5529.19,
      Reuters  -  225 words
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      Lock icon CURRENCY REPORT
      342 19 Reuters London THE euro was buoyed against other major currencies yesterday as strong euro zone economic reports reinforced expectations that the European Central Bank (ECB) would resume its monetary tightening in coming months. The single currency racked up its biggest gains against a generally weaker yen after senior
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      Lock icon Untitled
      1273 19 DWBRBAM1 CROSS KATES .^5 C$ 9nto Euro Ffr Dm HK$ Ind H Bnp.ah Yon Won Ml MSfith Pm S$ Bud Sfr MT$ UM Pound US$ Australia 0.886 4.945 0.625 4.098 1.222 4.645 26.617 55.137 0.634 6.656 2.264 1.286 31.*****.004 1.035 4.023 0.970 18J67 23.514 0.393 0.596 Canada 1.128 5.579 0.705
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      1779 19 8IC0M FUTURES Jul 5 RU88ER (futures dosing «it 5.30pm) RSS 1 CONTRACTS rents/kg) ClOM VotaM OpM Kowt> High Low Sott (tonws) tutwrt Au« 00 04.00 SopOO 118.25 400 Oct 00 m JO Nov 00 120.25 RSS 3 CONTRACT (US rents/kg) VoiWM OfM Kawtti Hfri Low Sott (towwrt btoroot Aug 00
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  • STOCKS east asia
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      Lock icon Hang Seng faces 16,500 hurdle after Cheung Kong-led rise
      2834 20 HOMGKONG AFP Pi Hang Seng +23&51 HONGKONG shares gained 1.5 per cent yesterday, backed by good corporate news, dealers said. The key Hang Seng Index gained 238.51 points to close at 16,474.27 on turnover of HK512.86 billion. "The stock market was
      AFP  -  2,834 words
    • Article
      Lock icon Tokyo investors wait for Wall St leads
      2054 20 TOKYO AFP Q Nikkei 225 -3120 SHARE prices in Tokyo closed 0.2 per cent lower yesterday as investors cleared their positions and waited for post-holiday trading on Wall Street, brokers said. The key Nikkei 225 Index fell 34.20 points to close at 17,435.95
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      Lock icon CHINA
      975 20 Reuters -0.76 CHINA'S hard currency B shares ended mixed yesterday after flickering in a narrow range as investors grew cautious ahead of the interim results season. The Shanghai B Share Index erased some earlier gains but ended up 0.87 per cent, or 0.48 of a point, at 55.543 points.
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  975 words
    • Article
      Lock icon TAIPEI
      370 20 AFP QWP Index +369.20 TAIWAN'S Weighted Price Index jumped 4.6 per cent or 369.20 points to 8,421.74 yesterday on government support and bargain-hunting in financial stocks, dealers said. "Strong buying in financial and large-cap issues from government-linked funds effectively pushed up the market," said Grand Cathay's analyst Yu Yin-kai.
      AFP  -  370 words
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  • STOCKS klse
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      Lock icon Market may find support at 800 points
      442 21 AFP H Composite Index *1(182 MALAYSIAN shares closed 1.3 per cent higher yesterday on follow-through buying from the technical rebound a day earlier, dealers said. The Composite Index ended up 10.82 points at 818.69. The Second Board Index gained 0.15 Of a point
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    • Article
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      8594 21 UHMJSTRIALS Consumer products 2000 Lilt Vol Day Net Cap Lew C—p—V Ml -OOP Mmi L— Wtt $11 420 310 A|inomoto 354 unch 1 354 354 19.4 143.5 158 52 Angkasa 68 100.3 670 290 Apollo Food Hlq 450 20 t3 450 450 9.8 180.0 3350 2700 BAT 50C 3175 75
      8,594 words
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  • SGX clob & regional stocks
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      3310 22 BONDS A WARRANTS ■t Ml fna/ [inn u.1 M m MM rauM Cot [m> Dm mm m# lm riamr fan «*r- coooi w# im> mt* um mhim mm nu uh 70 16.5 S Acma W*****4 19.5 -0.5 48 20 19.5 19 20 20 41.0 1 300 166 6.15 12 45.5
      3,310 words
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      Lock icon SEOUL
      257 22 AFP f% Composite Index +ILB7 SOUTH Korea's Composite Index rose 1.4 per cent or 11.87 points to 830.40. Volume was 528.2 million shares worth 3.3 trillion won. —AFP MS A nam Semi ***** KX) Br*nTe«ti 905 15 Central Bank 1125 -55 Clwil Comm *****0 0 Da* Cu Bank 2425
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    • Article
      Lock icon MANILA
      281 22 AFP n Composite Index +LO4 PHILIPPINE shares rose 0.1 per cent yesterday, helped by lower-than-expected inflation figures. The Composite Index climbed 1.04 points to 1,539.92. Turnover fell to 1.55 billion shares worth 588 million pesos, from 525 million pesos on Tuesday.—AFP COOP) MRC Allied .0.54 -0.04 3120 Abacus Construction
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    • Article
      Lock icon WELLINGTON
      265 22 AFP □NXSE-40 *101 NEW Zealand shares rose 0.2 per cent yesterday, despite market heavyweight Telecom closing lower in an otherwise firm market, dealers said. The NZSE-40 Capital Index closed 3.01 points higher at 2,048.61. Turnover amounted to a total of NZ5117.5 million. —AFP Mi W COOP) Aflvanuga HOS 2.S9
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      Lock icon SYDNEY
      549 22 AFP FlAllordmari« *110 AUSTRALIAN shares rose 0.4 per cent yesterday on a rebound in telecoms and technology stocks, brokers said. The All Ordinaries Index rose 12.0 points to close at 3,271.50 while the SP/ASX 200 Index rose 10.40 points to 3,320.50, led by Telstra. National turnover totalled one billion
      AFP  -  549 words
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      Lock icon BANGKOK
      781 22 AFP p SET Into* +4J» THAI shares rose 2 per cent yesterday despite continuing concerns over the Opposition's drive to force an early election, dealers said. The Stock Exchange of Thailand (SET) Composite Index closed up 6.19 points at 322.85, while the benchmark SET 50 index was up 0.50
      AFP  -  781 words
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      Lock icon JAKARTA
      667 22 AFP F1 Composite Index +121 INDONESIAN shares closed 0.6 per cent higher yesterday, driven by foreign buying in blue chip stocks, dealers said. The Jakarta Stock Exchange Composite Index closed up 3.21 points at 512.47, off a low of 505.59. A total of 747.5 million shares worth 576.74 billion
      AFP  -  667 words
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  • Article
    Lock icon STOCKS sgx
    9507 23 SGX MADVBOARD Transaction date: Jul 5 Cf C€ M W1 52-Wk Last Vol Day Last Ooote Dtv Dtv YM Not Cap Avg MH> L— Ciwp—y Sate COOP) wmi L— fctyf %*m Cw P/E 9mm Erica MULTI-INDUSTRY I6S KM m c Acnw 50c 120 cd unch 65 121 119
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      270 24 Where to wine, dine and entertains mmsr^ Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $25 (Adult), 40% discount (Child) Dinner: $26 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Prices subject to service charge 6'govt, taxes
      270 words
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      84 24 r < l I O-. I HOTEL GRAND CENTRAL LIMITED j 22 Orchard Road/Cavanagh Road, Singapore *****7 Tal: 737 9044 Ext 400/02 Fax: 733 3175 Fine Dining InA Contemporary Mode ngngmrflsdi, NORTH INDIAN RESTAURANT EsUL 1971 Promotional lunch buffet 28.00+++ Adult $18.00+++ Child Indulge in exotic Rajasthani, Gujarati, Punjabi and
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      206 24 p3H| of charcoal grilled Bb'q at Marina Bistro where a standard platter, comprising squids, prawns, beef. lamb, chicken fillet and chicken winglets. coat only $29.00 each. Additional oreders of any of these items cost between $2 and $5 a serving. Available daily for dinner only. Itfrill M A I N
      206 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      1077 24 M Oeetrel namely, the comparison 830 Singapore Today. 8.02 In Conversation. r «-r- ww hbm onA i/:j c Prtntrai- TKo and competition between 7.00 Four Walls And A Ceil- 830 Business Tonight. XT ~ZT HHI O M^ Kld P S S ent al: The them This film is catego ing.
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      Lock icon Page 24 Miscellaneous Column 2
      270 24 CRYPTIC CROSSWORD ACROSS unfinished article (6) 1 Robust seaman? (4-6) 5 Ignore 'er uprooting the flea--6 Very large see in Norway (4) >ane 9 Two doctors like a port (7) 7 Marker for the composer (7) 10 This month without delay (7) 8 Not inclined to be fair (2,3,5) 12
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  • MOTORING page
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      Lock icon European inroads
      592 25  -  track Continental cars drive up their market share in HI as Japanese dominance diminishes Byi Christopher Tan IF you think you've been seeing more Volvos, Volkswagens and Renaults around, you're not imagining things. There are. Along with all-time favourites like Mer-cedes-Benz and BMW, they are now part of
      592 words
    • BUMPER to BUMPER
      • Article
        Lock icon Sime S'pore acquires rest of NZ dealer
        111 25 SIME Singapore has acquired the remaining 20 per cent stake in Continental Car Services, a New Zealand multi-brand motor dealership. The listed company paid NZ$2.l million (Ssl.7 million) for the purchase. Sime, which has the BMW, Ford, Land Rover and Peugeot agencies in
        111 words
      • Article
        Lock icon 'Reverse exhibition' in Jakarta
        126 25 THE Third Conference on Asean Auto Supporting Industries will be held in Jakarta on July 19-20. It is organised by the Japan External Trade Organization and co-organised by the Japan Automobile Manufacturers Association, Japan Auto Parts Industries Association, Asean Automotive Federation and Jakarta International Trade Fair.
        126 words
      • Article
        Lock icon Peter Kwee eyes Lamborghini franchise
        86 25 SPORT Auto, a unit of Peter Kwee's automotive group, has joined the bidding for the Lamborghini franchise. The race for the exotic brand—fully owned by Volkswagen, which Mr Kwee represents—was until recently confined to two parties: the company that distributes Ruf and Aston Martin cars;
        86 words
      • Article
        Lock icon Ford raises stake in M'sian assembler
        102 25 IN another exception to the rule, Ford Motor has raised its stake in its Malaysian assembler and distributor company to 49 per cent, from the legislated limit of 30 per cent previously. The move was represented by an additional investment of RM22.5 million (5510.3
        102 words
      • Article
        Lock icon Bidding for SDE plate numbers opens
        50 25 BIDDING for car plate numbers in the SDE series has opened. You can submit bids from $1,000 (in cashier's or money order) on forms obtainable from the Land Transport Authority's Sin Ming Drive location. Successful bidders will be notified by post after July 15.
        50 words
      • Article
        Lock icon Ford aims to boost Volvo sales by 50%
        74 25 FORD is targeting to lift Volvo annual car sales from around 400,000 units now to 600,000 (a 50 per cent jump) by 2004 "at the very latest". The head of Ford's premier automotive division, Wolfgang Reitzle, formerly from BMW, has set this
        74 words
      • Article
        Lock icon Skoda sales up 9.4% In first five months
        59 25 SKODA's worldwide sales grew 9.4 per cent to 173,462 units in the first five months of the year. Most sales occured in Western Europe, while Central European markets suffered some declines. This year, Skoda owned by Volkswagen aims to raise sales to
        59 words
      • Article
        Lock icon Checking bus routes on the go
        50 25 SINGAPORE Bus Services and Sing Tel have teamed up to provide free bus travel information accessible via WAP phones. Commuters can now check what buses call at specific stops, as well as route details on the go. The SBS Web site is at www.sbs.com.sg.
        50 words
      • Article
        Lock icon Special-edition MRT tickets for sale
        75 25  -  Compiled by Christopher Tan TWO new special-edition MRT tickets will go on sale from next Wednesday. One has the logo for this year's National Day Parade while the other features MTV VJ Belinda, who will host a National Day carnival. At $14 a pair ($6
        75 words
    • Article, Illustration
      Lock icon Police's Star unit buys new Land Rovers
      407 25  -  By David Boey THE Singapore Police Force is the first Singapore government agency to cherish the fine on and off-road handling capabilities of the Land Rover New Discovery. Sources said the police bought two New Discoveries for its crack Special Tactics and Rescue
      PHOTOS BY DAVID BOEY  -  407 words
    • Article
      Lock icon Effects of Rover sale filter to BMW Asia
      348 25  -  Land Rover division moving out next week By Christopher Tan THREE months after German carmaker BMW announced the sale of Rover and Land Rover, the first tangible impact of the separation has filtered down to its fully-owned Asian office here. Half a
      348 words
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      Lock icon The most expensive bike sold in S'pore
      333 25  -  -By Christopher Tan THE sum of $82,000 may not be a great deal in the car world. The money may buy you an entry-level Japanese model or a mid-range Korean product. But in the motorcycle arena, it is an obscene amount that will
      333 words
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      1222 25 1 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 PACIFIC CAN HOLDINGS INVESTMENT LIMITED (In Judicial Management) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of PACIFIC CAN HOLDINGS INVESTMENT LIMITED will be held at
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  • RESIDENTIAL PROPERTY
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      Lock icon Upgraders' force
      1491 26  -  Latest survey by HDB found greater upgrading desires among households in public housing, spelling potential demand for private property. ON6 CHOON PAH offers a glimpse ONG CHOON FAH The writer is executive director of DTZ Debenham Tie Leung TODAY'S HDB households are a new breed young, upwardly mobile
      1,491 words
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      Lock icon Profile of an aspiring HDB upgrader
      200 26 An overwhelming proportion of HDB households aspiring to upgrade to private housing are nuclear families (87 per cent). Household heads are young, often between 30 and 39 years old (50 per cent) and household incomes typically high at $8,000 or more (37 per cent).
      200 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      176 26 ijnv Good Class Bungalow \WU\\ Area For Sale Location Windsor Park Lot 20-50 mukim 15 Lot Area 1791.25q.m. Titile Freehold For enquires: Richard 9 688 5734 Charlie 9 816 1605 I FOR SALE BY TENDER LARGE GOOD CLASS BUNGALOW "~y SITE ALONG JERVOIS ROAD x 5 mins' drive to Orchard
      176 words
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      Lock icon Page 26 Advertisements Column 2
      64 26 M Jones Lang W/ LaSalle. For Sale by Tender Large Bungalow Site (41,720 sf) Coronation Road West Charming Spanish style bungalow in a garden setting Queen Estate Elevated site, sprawling grounds Freehold jBl, Development potential TENDER CLOSES: 21st JULY 2000 FRI AT 4 PM For further information, please contact Vincent
      64 words
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  • Article, Illustration
    Lock icon HOUSEHUNT
    3207 27 Property transactions for selected districts lodged between May 29 and July 3. PROJECT NAME/ 1 PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (SS'OOO) (S$) District 09 Non-landed Aspen Ht Apt 30/04/00 999 1582 1661 1050 Aspen Ht Apt 30/05/00 999 1324 1380 1042
    3,207 words
  • Page 27 Advertisements
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      50 27 PPJM |< v FINANCING YOUR NEEDS with greater flexibility ar oan Home Loan Share Loan Commercial/Industrial Loan East Coast: 348 8262 Beach Rd: 292 1459 —Bedok 445 8011 Buk.t Timah 467 1916 UftTl IMF" fifiH Hfififi S Ang Mo Kio: 458 4222 Serangoon: 299 8855 lIW I LIIULib OOV VvOO
      50 words
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  • EXECUTIVE Suite
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      Lock icon Buyers' call in property market
      1139 28  -  Property consultants see ample supply of homes from the scheduled launch of 27 residential projects in the next half year while the considerable number of sites in the pipeline may also spur developers to push ahead with their A launches. ANDREA TAN finds out ANDREA
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      121 29 Reuters THE Baltic Dry Index (BDI) slipped three points to 1,610, the Baltic Panamax Index shed two points to 1,594, the Baltic Handy Index gained two points to 1,113, and the Baltic Capesize Index fell 10 points to 2,133. TIME-CHARTER: ♦Gerard L D (built 1994) 165,000 dwt delivery
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      Lock icon MARITIME STOCKS
      284 29 m ms a *1 CWT Distribution 080 -0.01 118 Chutn Hup 040 -0.01 7740 Asco Investment—0.21 0.01 315 faMtLMn 0-24 0.01 583 SB Holdings 0.62 unch 0 M Sun Hup 0.38 0.01 535 IMC Hoidings-HK 5.60 unch 0 Jaya HoMnqs 0.19 0.01 657 MppalCarp 3.86 0.02 874 mmlFtLS
      284 words
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      Lock icon P&O wins revised bid for Chennai container terminal
      564 29  -  Firm beats Hntchison for job; letter of intent expected soon From'. Rajendra Bajpai in New Delhi P&O Australia Ports Pte Ltd expects to bag a letter of intent shortly from Indian authorities to re-develop and operate a container terminal at Chennai. P&O
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      Lock icon Star Cruises sells two ex-Sun ships for US$33m
      246 29 [SINGAPORE] Star Cruises has sold for US$33 million (5557.09 million) two vessels it acquired from Sun Cruises last year. The ships, Mega tar Capricorn and Mega Star Sagittarius, were acquired from Sun Cruises for US$33 million. The two vessels are now positioned
      246 words
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      Lock icon Denmark sells more ports
      61 29 [LONDON] The Danish government is hammering out final details of the sale of three of its remaining 11 state-rim ports The ports of Hvide Sande, Hanstholm and Thyborgen will become controlled by local authorities rather than the central government, which is still seeking to end its
      61 words
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      Lock icon Green links
      80 29 [TOKYO] Six Greenpeace activists who boarded a Russian freighter in Tokyo city's port ana chained themselves to its cargo of wood to protest against illegal logging agreed yesterday to get off the ship. The activists three Russians, one Japanese, one Israeli and one Briton said they would get
      AP  -  80 words
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      Lock icon Keppel Philippine to transfer marine ops to Keppel Hitachi Zosen
      419 29  -  It will also reduce its capital as part of restructuring From A Alec Almazan in Manila KEPPEL Philippine Holdings, the holding company for the Singapore-based Keppel Corp's Philippine investments, is set to reduce its capitalisation and transfer out its marine
      419 words
    • SHIPBOARD romance
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        Lock icon The love boat is a film cliche
        1203 30  -  Singles contemplating romantic encounters on a cruise ship are well advised to take along a good book instead Bill Glenton Financial Times IN heart-throb fiction the paths of true love often cross on the decks of cruise ships. The couple embracing against a
        Financial Times; FILE PHOTO  -  1,203 words
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      Lock icon SHIPPING SCHEDULES INDEX
      180 30 PAGE Oelmas 4 ACL 6 AN I 3 Dongnanw 3 Accord S 6 Appenship 5 ECL 4 Assets 8 ECU Lin 6 Austral 8 RUjiithnn < F00n, Sun 8 ST i Gimk 4 b tano Mj« a Gwwrtrans 6 B tang Mas 8 Hangti 7 CCMI 7
      180 words
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      Lock icon SHIPPING GUIDE
      17002 37 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser v«s*i Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 21/07 11/00 OSEN HANJIN BREMEN 0060W 45 834WW To ABIDJAN (ABJ) 2003 Cote D'lvoirt 21/07 B/00 Everqreen LT GLOBE 0052-005W 4,3921m
      17,002 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        737 40 Vessel Voy No Berth Arrival Departure L*er Pv259 J H *J16 05/07/7:25 06/07/5.00 SPt <*»*« *****4 J12 05/07/6:55 05/07/79XX) B«di6ahari2 Bb2006 J03 05/07/8:25 05/07/20XX) Sendidewa 22 J0« 05/07/8:45 06/07/6:30 T Own 00/03 J05 05/07/7:10 06/07/8«> Elegant lady 07*07 J08 05/07/9:10 05/07/1530 J 15SOO J03 05/07/9:25 06/07/6j0 Km Ping
        737 words
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        Lock icon CONTAINER SCHEDULES
        1974 40 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy do Etb/Btr Period From To From AlAMJAYA 2 M98 7/9S0 04/1500 04/1659 Apr 00 2A 04/1700 05/0659 05/0900 21 04/1700 05/0659 05/0*00 I 05/0700 05/1159 05/1400 4 05/1200 05/1459 05/1700 ANTVCmNC 04W126 8/3 00 II 04/1500
        1,974 words
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        Lock icon GLOBAL HOLIDAYS
        187 40 Jul 14 France: Bastille Day. JulIS Brunei: HM The Sultan's Birthday. Jul 17 Thailand: Buddhist Lent Day. Jul 20 Japan: Marine Day. Aug 9 Singapore: National Day. Aug 12 Thailand: HM The Queen's Birthday. Aug 15 Germany: Assumption Day. Korea: Liberation Day. Aug 17 Indonesia: Independence Day. Aug
        187 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        766 40 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
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        Lock icon VERITAS BUNKER QUALITY REPORT
        548 40 Carbon 180 Mai 990.5 0.7 18.9 0.09 78 0.05 Jun 29 Density Mater Residue Ask Aluminium Sediment No above E25 0 0 2 0 0 0 380 Ave 985.5 0.2 12.7 0.06 51 0.02 CUM 380 Mn 993.4 0.5 18.2 0.09 99 0.05 «6/M«l M/M M/M
        548 words
    • AIR & LAND transport
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        Lock icon European aerospace firms as profitable as US rivals
        597 41 Bat they still face obstacles in competing globally: report Reuters (LONDON) European aerospace companies reached the profitability of their bigger US rivals last year, but they still face obstacles in compet ing against them globally, the industry said. In its annual statistical
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      • Article
        Lock icon Boeing soars ahead of Airbus in new orders
        532 41 Southwest's purchase boosts US planemaker's total for first half to 295 Bloomberg (TOULOUSE, France] Boeing Co pulled ahead of rival Airbus Industrie in new orders so far this year, helped by Southwest Airlines Co's decision last week to buy 94 of Boeing's
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      • Article
        Lock icon Punish unruly passengers, Thai flight attendants urge
        244 41 AFP [BANGKOK] Thai Airways International flight attendants complain they have been groped, bashed and abused by unruly passengers who go unpunished because there are no laws to prosecute them. One steward was hit on the head with a wine bottle and many female
        AFP  -  244 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1917 41 CITY FLIGHT ETA FLIGHT ETD S***** 1605 S026 2350 Adelarte BA7381 1930 BA7382 2055 8*7306 IMS OF81 1930 0F82 2055 »05 AN8229 2230 "7383 2335 LH6380 2230 Fukuoka SO909 1530 $0990 0110 S02W "30 Guangzhou $0803 1910 C2352 0910 Amsterdam S0327 0715 KL0844 0040 C2351 2045
        1,917 words
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        Lock icon Air India to sell off hotel arm
        485 41 National carrier (ratting finances in order ahead of privatisation Reuters (NEW DELHI] State-owned Air India hopes to retire 10 billion rupees (Ss3B million) of debt by selling off its hotel chain subsidiary over the next six months, the flag cartier's managing director said.
        Reuters  -  485 words
      • Article, Illustration
        Lock icon Floating airport undergoes tests
        91 41 fYOKOSUKA] A plane takes off from floating airport 'mega-float'during takeoff and landing tests offYokosuka, south of Tokyo yesterday. A group comprising four steel makers and 13 shipbuilding companies, advised by the Transport Ministry, began the tests to confirm whether the 1, 000-meter-long 'mega-float 'facility can safely
        REUTERS  -  91 words
    • LOGISTICS page
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        Lock icon Circle bought over by rival US group
        652 42  -  Global logistics company's plans for S'pore facility not affected By Ann Toh [SINGAPORE] US-based global trans port and logistics company Circle Inter national Group Inc has been acquired by EGL Inc, a Houston-based co ordinator of freight shipments. According to a company statement,
        FILE PHOTO  -  652 words
      • Article
        Lock icon What the Internet can and cannot do
        888 42  -  SAM IGMARSKI examines the basic strengths and weaknesses of electronic communications SAM IGNARSKI Lloyd's List lOWE a lot of my understanding of what computers can and cannot do to the decision of a very talented IT director whose abilities to see into the
        Lloyd's List  -  888 words
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      49 29 Love Boat; Only a film cliche Page 2 0 LOGISTICS PAGE Circle bought over by rival US group Backpage European aerospace firms as profitable as US rivals page 13 Aircraft schedule Page 13 vi? track of v° ur A rnntainpr. w> w alwaysfllP A http://www.ptp.com.my General Line: 607-504 2222
      49 words
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      197 30 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com e nnww i i SENLIM AGENCIES PTE. LTD. 133, New Bndge
      197 words
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      714 30 Lines services represented by r Members of the Registry of ccret^'* Shipping Agents, Singapore Shipping Assoctanon ULY LINE MALE vis«i Tvor [eta Hta [~~iS P. KLAHG SPORE MALI Empress Lily VO6OO 15/07 16/07 24/07 Princess Lily VO5OO 28/07 30/07 08/08 Empress Lily VO7OO 14/08 15/08 23/08 Utv MAftlNt SEftVICtS PTE
      714 words
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      6 30 Members of the Singapore Logistics Association
      6 words
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      1090 31 flga^yyjJSßl SAX SERVICE (DIRECT) vcsa voy sum uu oar dm hou or ax mhr ah kyc AHJAK 021E 05/07 20/07 25/07 25/07 25/07 25/07 25/07 25/07 26/07 26/07 tfl GARNET 0211 12/07 27/07 01/S 01/08 01/Oi 01/W 01/S 01/S 02/08 02/08 MtSnNB 021E 19/07 03/08 08/08 08/08 08/08 08/08 08/08
      1,090 words
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      1805 31 OHANJIN SHIPPING IL.FI iMsMyilo -S*s 73K1730 HAHJM SHIPPING (S) PTI ITD I* laqn com WOtIMG *****35 737 SAUS *****74 731 DOCUMENT *****71 774 OPHUTKMS ********** MAIN LINE *****55 FAX 53*1145 aNO **********0 M TO NW USA A CANADA"| USA CANADA^ R* VSI/VOY MM SM UNHIU/VOY «T~| TTW KM T~PM OO
      1,805 words
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      360 31 VESSEL VOY MM ro VOT SIM HKG KEL gjj PUS VBSEL VOY SjN IKT SW mm owjw w wag. M -ffi g jjf fmtCOWU 003S 04/D7 11/07 73/07 OITCIgLUN6 OOfS OVW 11/07 004N WW 14/07 11/07 21/07_ 21/W VOY SIN Dtt MBOnSr uo hsk HYUNDAI SHHHTtI 044S 14/87 71/07 23/07
      360 words
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      1708 32 DSIf-SENATOR UNES TO UK/CONTINENT TO WT SIN LEH BTM ANR HAM MtV I FU I VESSEL IvOT ISM I GfT I SPE FOS I OT.C OTTO HNUMEUM6 0075W 0717 30 07 3107 27 07 MO7 178 JAPAN SENATOfI KMW 00 07 7317 »07 27 07 20 07 OB 00 HJ6WASH
      1,708 words
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      921 32 m. Am MAC-NELS S'PORE M'SIA I "*fv COUTH LINES, INC p.gudang:(o7)tmsm MY/ V~ J NO iao*****00Q« SOU: (084) *****9 MAMLA: (632)*****24 PENANQ: (04) *****36 BANGKOK; (662) *****57 SURABAYA: (31)*****11 P KELAHG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 BARCELONA MV "VILLI DE CAPELLA" V.MW 331 ETA SIN: 10-7-2000 MV
      921 words
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      715 32 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULUMO. MM—(CM— ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C O POINTS V«MI S PORE N SHEVA COLOMBO P KLANG TULSIDAS V.127 09 JUL 11 JUL 72 JUL »JUL CAPE CREUS VIO9W 16 JUL 25 JUL 29 JUL 14 AUG CAPE CANAVERAL
      715 words
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      1740 33 IQVISSRI VOY HKO KHH I SIN I PKI DXI 8A DAM UK IRAN MOMN PCL-004 03/07 03/07 10/07 11/07 19/07 20/07 22/07 24/07 IRAN SHAHRYAR PCL-162 07/07 09/07 14/07 15/07 23/07 24/07 26/07 2»/07 IRAN HORMOZOANPCL-163 14/07 16/07 21/07 22/07 30/07 31/07 02/04 04/0* IRAN TEHRAN PCI-164 21/07 23/07 2S/07
      1,740 words
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      1141 33 NEW SitVICI 1 Or MKSCTIO COLOMBO I M S BAYS I imTWttittMT J GENERAL AGENTS IN SINGAPORE 80 MMNSOM ID TEL 226 1900 FAX: *****00 OUTWARD (l/l) COSTAR SHIPPING PTE LTD *12-00 SALES/MGS 4205*57/43 INWARD DOT (D/O) *****1S COSTAR AGENCIES (M) SDN BND CRNO: **********0* SINGAPORE 06M98 CONVENTIONAL *****01/150 T/SNHWJgf
      1,141 words
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      918 33 EXPORT I IMPORT I VK» YQT .SM Lfti .CM. AM HA» .IW, FU YBSB i YPT ITg HM ,FU lflj !SM I PUGWASi SOI 017W M/ 07 25/07 27/07 28/07 79/07 30. 07 31/07 7HJ WttfSSftS 0021 15/0* 17/04 19/06 22/0* CW 07 1 PtWJAOSIH 01JW M/M 25/00 127/00 20/00
      918 words
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      654 34 B export B VESSEL/VOYAGE SGP IDM HK IMP ZH ANW IHV ■j DfYEoetwoi? w7oT ~vW no/ ~W 0175T «7M ■L GENERAL RW 071 IS/07 04/08 08/01 10/08 11/ M JML ■E. DIAMOND RW4I4 1 72/07 I 10/0R j 12/01 1 14/ OR] IS/OR It/01 ALSO A( OPTING OUTGO TO ANO
      654 words
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      351 34 MMUNfHHNWI/MUNMOONIMMTfIMa »xpor VKSn VOYAGE SGP CMI DUR JIA AMJ MAN RAN KMNXV SONG* 01SW 87/U7- l«/D719/07 21/B7 UN AROENT OtTWBIW 10/07 15/07 20/07 20/07 22/07 UMPEVKT 0137-003W 11/07 15/07 71/07 71/07 74/07 74/07 SUING HE 0154W 14/07 25/07 29/07 UN MM 0421-029W 17/07 71/D7 74/07 77/07 71/07 UNMTBOT *****07W 18/07
      351 words
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      1001 34 A p7l ADVANCE CONTAINER LINES (PTE) LTD TEL: *****21, FAX *****19, TELEX :RS ***** ACLPI CR NO **********0E K» BOOKINGS PUASt CALL: SAIfS MAJMCTTINO *****21 M mWKO* JAKARTA (7 SalUega/Weat) Vtssa VOY SN Mac yw W ypy I MN 5a YANTRA BUJM [RftJ] 348N 8/7 Sd LLZZ 9NAR SUNDA (UTCI)
      1,001 words
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      392 34 i^ujuiMinuj SO TEL OK BLAMGAH ROAD 162-62 CmPORT CENTRE SPORE *****1 TEL *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W «aa wi eb ra KSTMnm ummu mam ttmam mmam imuwmsm mm mlam mmam pel mum ■mmnw nam nmam xswnm rtLUum Man nam xntiam warn pontmnm For enqmriM
      392 words
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      393 35 Wt MYANMA wHBk FIVE STAR UNE (Myumor National Um) Loading for Yang on VESSEL VOY SM PKL PEN PGU MAWLAMYME 90W Sift SAGAJNG MW 07/07 MALAYSIA AGfNTS: WUSTEAD SMPPING AGENCIES KUL m (03)*****00 PIL IB (03) 37M101 POt m (04)2****** PGU: 111 (07)*****21/4 BANK LINE (A snrvk* of Andrtw Wtir
      393 words
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      1312 35 HYUNDA^JERCHAN^AARINECOj^^D^^^^^^ [Vtssa VOY *mT SOU I 184 I RIM Off HAM MV [VESSa I VOY I SOU lUH tIM AWT HAM MV SM THAMES S*2W 06/07 24/07 29/07 26/07 27/07 HYADMMAI 326E 05/06 06/06 01/06 00/06 29/0* MOSa S34W 07/07 20/07 29/07 23/07 25/07 HYWGHNBS 3241 14/06 07/06 13/06 10/06
      1,312 words
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      723 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND lATIN AMERICA "CAR RORO HEAVYUFT SERVICE" |VISSU VOY lAMP HEIGHT SIN |LK MAO MIA SAV Ml ORf NYC IKW MOO TAMPA AHOI4 4001 MS 4JM 11/07 09/01 17/08 20/01 22/01 WoTwToT 27/05 3\WoSjn~ TAUBOT AMIS 4001 MS 6.3 M 24/07 25/01 02/09 05/09 07/09
      723 words
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      1755 36 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE w. we sw m stp m m ta m wiivarr n/wtt/v n/v h/v ii/p ?i/w msnuu) liT ii/kii/v »i/wn/w»7» 5/w~ Mwrwwia ns \j/vu/w «/o; a/w ii/ii m/w rowßaw m cm ti/v m/m m/h m/« n/5 FEEDER SERVICE TO INDONESIA wt vot smurou
      1,755 words
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      55 39 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Tum to p s 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL K c -r New Europe To Services To EAST MALAYSIA c P .m PORTS 5.E. ASIA service DETAILS
      55 words
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  • Page 40 Miscellaneous
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      131 40 Ji J Jog TOTE TT5t "^l2je ~saB>„ j LEGEND: Issued by Meteorological Service Singapore Thunderstorm Showers o y^\ Rain emperature C„/ Wind direction and speed in knots Cloudy Day Wea,her CXI u a7 w 7 Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and
      131 words
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      246 42 invoices. one invoice. pi' jj mmamxEXPHBS' I ItV Invoice HhPHI nil I LI wR.'-' Bdlng Addraas: Impon Eipr»** VC 96 123 «567 lip v 5^2000 f \il >1 Laval 20Tachntc BuMng Currency SGO v y\| IV /WIA ***** H«bourßo«t 1(1 1 Snoapora J H »A h*» MAWI No Coolant I
      246 words