The Business Times, 13 July 2000

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Microfilm: NL21887
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 THE BUSINESS TIMES MITA^)rOIpS^7T»GL 85c SINGAPORE Internet: http://business-times.asial com.sg/ THURSDAY. JULY 13. 2000
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  • Article
    Lock icon MARKET SUMMARY
    73 1 Dsn ZJI3JT7 (+6.29) n"« U BHJ3 (+0.05) <f- k ST INDEX FUTUBES 24<ttj00(+6.00) SIMSCIFUTUBES 277J0 (-0.90) STOCK HASKET INDICES Wednesday Change KLSECOMP ***** +1183 NIKKEI m 17,342.13 ***** HANG SENO 17J6t*__+ittJ0 WTWDEX 323-83 1.7* MKAUTA COUP —***** -L63 MANILA OOMP _IAMJ7 -&51 TAEPEl WPI 8,069.75 -9888 S80«LCOMP 839.76
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  • Article
    Lock icon FINANCE
    73 1 F0K8X BATES US$ SI US# 1.743 S(US&/5$ per lil4 2-638 EUR0(US$/5$/E) 0.949 1.653 MI 2.062 am YEN 107.4 1.622 RM 3.800 0469 HKS 7.796 0124 BAST 4012 0043 RUPIAH 9,4» 0.018 'Stto 100until St to HO unit* PKDKE BATES SINGAPORE* 5.H0 KUALA UMPIR 7.67 JAKARTA J9.0U BANGKOK S.50 MANILA
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  • Article, Illustration
    Lock icon Pidemco, DBS Land in $18b merger
    1043 1  -  It will be SE Asia's largest listed property firm in terms of assets By Kalpana Rashiwala [SINGAPORE] Pidemco Land and DBS Land yesterday announced that they will merge to create South-east Asia's largest listed property company. with combined assets of $18 billion and shareholder
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  • Article
    Lock icon Fancy your car running on natural gas? It could, soon
    889 1  -  |:is exclusive Panel studying feasibility of alternative fuel By Christopher Tan [SINGAPORE] An inter-min-isterial working committee is planning to introduce natural gas as an alternative fuel for vehicles here. With oil prices going ballistic, this couldn't have come at a
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  • Article, Illustration
    Lock icon I'm an old hand at property: Pidemco's Liew
    546 1  -  -i He »y»,he has a wealth of development and construction experience spread over 30 years By Andrea Tan [SINGAPORE]'"Without sounding too immodest, I would probably be the only CEO in a property or real estate firm with the most de- valopment and
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      77 1 name he Exec Suite Young architects size up the S'pore architectural scene. Back Page Top Stories Airlines portal won't spell our demise: travel agents. Next Page Keppel may take over BPs 30% stake in SRC. Pg 3 NTUC Income sitting on $2.2 m Goodpack gain. Pg 3 BT Comment i
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      Lock icon Page 1 Advertisements Column 2
      31 1 More reports, Pg 4 GATX selling S 'pore storage terminals, Pg 8 Keppel may take over BP's 30% stake in SRC, Pg 3 Lower-sulphur fuels likely to be legislated. Pg 28
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      44 1 1 f-Jfr- lF* 0 i I Jilni! i A ,>^i v \> V\\ lln f iik M i .iihl*. i\itu il time pu i x ,11 ilu \\u\UW ninsi i\vi m i n c tinupu*.*. m i ujiu h hr.ition "l tinu 11-. >-~• K x
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon How that DBS rumour got moving
        71 2 AN impeccable Grapevine source has offered this version of how the whole speculation over the imminent departure of DBS Bank boss John Olds started. Seems Mr Olds had to give up his rented house in posh Cornwall Gardens because it had been sold and
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      • Article
        Lock icon There IS such a thing as a free lunch
        84 2 SEEMS that banks are increasingly looking beyond their banking halls when it comes to promoting their products and services. At lunchtime, around Raffles Place, promoters hired by banks can be seen competing with hawkers to catch the attention of passers-by. In
        84 words
      • Article
        Lock icon Get sloshed at Great World Chateau
        110 2 INTERESTED in wine but don't know much about the stuff? Lifestyle and furniture store Barang Barang at Great World City on Kim Seng Road is organising a wine appreciation workshop on July 15 and 16. For $20 a person, wine connoisseur and publisher Ch'ng
        110 words
    • Article, Illustration
      Lock icon Airlines' upcoming portal doesn't spell our demise, say travel agents
      851 2  -  I ill exclusive They can still add value by catering to needs of various sectors iiy Corinne Kerk [SINGAPORE] Mergers. Acquisitions. Small players getting killed off. To some, that may well be the scenario in the travel industry, following recent
      FILE PHOTO  -  851 words
    • Article, Illustration
      Lock icon Does Singapore need a Richard Li?
      700 2  -  -il comment TECHNOLOGY Fnrglfft rlffr na< Twinglnn what a high-tech hero could do kenneth james AT an E-business conference in Hongkong a couple of weeks ago, participants picked up complimentary copies of Wired, Red Herring and Time as they entered the conference hall. Not
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon NOL makes Cheng Wai Keung dy chairman
      189 3 NEPTUNE Orient Lines has appointed Cheng Wai Keung as deputy chairman and expanded its board of directors. Chairman Lua Cheng Eng said yesterday that the appointments underline the "group's commitment to strengthening its fundamentals and ensuring it has the right balance of skills
      189 words
    • Article, Illustration
      Lock icon Keppel may take over BP's 30% stake in SRC
      422 3  -  If it does, it would be buying into an industry facing tough times, says analyst By Eugene Low KEPPEL Corp said yesterday that it was considering taking over BP Amoco's 30 per cent stake in Singapore Refining Company (SRC). "Keppel is
      422 words
    • Article, Illustration
      Lock icon NTUC Income sitting on $2.2m Goodpack gain
      402 3  -  It buys 18.7 m shares at an average 54.84 cents each; says it is not a 'trading bny' By Ling Su Ann NTUC Income, which yesterday announced it bought 18.7 million Goodpack shares at an average of 54.84 cents apiece on Tuesday, is
      Source: Bloomberg  -  402 words
    • Article
      Lock icon Zagro portal to see at least $10m worth of biz
      344 3 ZAGRO Asia expects at least $10m worth of business to pass through its e-commerce portal, Agro Connect.com, by the end of this year, its chairman Poh Beng Swee said yesterday. The portal, which went online in April, is believed to
      344 words
    • Article
      Lock icon One-third of firms adopt staff stock option scheme: survey
      415 5  -  93% of companies say they can afford to restore CPF cnt in fall in three years By Audrey Tan A THIRD of companies here have adopted employee stock option schemes to reward and provide an incentive to staff, a survey found.
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    • COMPANY Briefs
      • Article
        Lock icon KHZ bags $130m contract
        61 5 KEPPEL Hitachi Zosen has clinched a contract to build two cable laying and repair vessels for a total contract value of more than $130 million from CS Tycom Reliance, Inc, a subsidiary of American company Tyco Submarine Systems. The construction of the cable laying and repair
        61 words
      • Article
        Lock icon PCRD rides on CyberWorks rally
        126 5 Reuters PACIFIC Century Regional Developments surged 10 per cent yesterday on the back of a rally by its Hongkong-listed subsidiary, Pacific Century CyberWorks and talk of a stock split, dealers said. PCRD, which is tightly held by tycoon Richard Li, rose to a high of
        Reuters  -  126 words
      • Article
        Lock icon IPC to make announcement today
        37 5 IPC Corp has requested suspension in the trading of its shares today pending an announcement. The company's shares closed up 1.5 cents at 25.5 cents on a volume of 7.5 million shares.
        37 words
      • Article
        Lock icon NatSteel buys 62% of Best Bar Pty
        64 5 NATSTEEL yesterday said its wholly-owned subsidiary Eastern Wire Pte Ltd has paid A 52.36 million (552.3 million) for a 61.8 per cent stake in Best Bar Pty Ltd. The investment, it said, will make Best Bar a subsidiary of Nat Steel. Australian-based Best
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    • Article
      Lock icon Fastech interim swells 123% to 124m pesos
      336 5  -  Strong sales boost profit; better performance ahead By] David Boey STRONGER sales have boosted Fastech Synergy's interim net profit by 129 per cent to 124.35 million pesos (Ss4.B million), and the main-board-listed company expects its performance for the rest of the year to
      336 words
    • Article, Illustration
      Lock icon Tastyfood launches 42m IPO shares at 23.5 cents each
      382 5  -  By Kenneth Lee HOMEGROWN Tastyfood Holdings, a manufacturer and distributor of instant cereals and beverages, yesterday launched its initial public offering of 42 million shares at 23.5 cents each. The mainboard aspirant has set aside 4.2 million shares for the public
      FILE PHOTO  -  382 words
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      68 3 a ,;#>. l ■•<#"•' ••>'•*-tv/A^^oK^oHp w ■'> Now you can drive to carpet auctions and actually buy something. f*'-*&% ?*:'■> y <t' TSSMpiE^^ V \V jMJI HM UnVwIQ MOCTVW n 11. 1...1.11. n. 11. rt -I womoai**-* Sat 9a m-6pm ageOmeamfto* W *****00 Mon M 9»m 6pm Sa:9am Sunt Art*-HoMWt«»»<
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  • PIDEMCO-DBSL merger
    • Article, Illustration
      Lock icon Non-core units to be sold off
      337 4 TO better focus on its core serviced apartment business, the company that is to be formed with the merger of Somerset Holdings and The Ascott will be divesting its retail properties, residential developments, and commercial and leisure investments. Most of these non-core assets are
      337 words
    • Article
      Lock icon Assets of $2.7b for Ascott-Somerset
      500 4  -  New entity will become Asia-Pac's largest service residence firm Ity Andrea Tan THE merger of The Ascott and Somerset Holdings will create the Asia-Pacific's largest service residence company with assets of some $2.7 billion and lift the combined company's prospects for overseas expansion. Somerset will
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    • Article, Illustration
      Lock icon Initial reactions to merger mixed
      619 4  -  By Marissa Chew INITIAL reactions from analysts yesterday were mixed on the merger of DBS Land and Pidemco Land. Uncertainty over the management team, as well as over the size of the commercial assets of the merged entity, offset optimism about the sheer size of
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    • Article
      Lock icon Now, to win international approval
      718 4  -  ifrMH lock siew paul thompson SO, after much media speculation, Pidemco and DBS Land have agreed to formally press ahead with a merger. Like much corporate news these days, the announcement was predictable; there were no gasps of astonishment at yesterday's press briefing. The companies
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      176 4 77j/s announcement appears as a matter of record only. <8# THE ASCOTT LIMITED The Ascott Limited *****,000,000 Secured Medium Term Note Programme Issue of: *****,000,000 principal amount of secured fixed rate notes due 2005 5550,000,000 principal amount of secured floating rate notes due 2003 5548,000,000 principal amount of secured variable
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Bullish on Acma? Better pick the stock than the wrt
      192 6  -  WARRANT WATCH By' Ven Sreenivasan The warrant of diversified trading group Acma led the gainers yesterday as it jumped 4.5 cents or 24 per cent to 23.5 cents. Some 1.6 million units were traded. Meanwhile, the underlying stock gained nine
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    • Article
      Lock icon Untitled
      460 6 Stocks Volume Goodpacklc 78,036,000 MediaRing 10c 44,116,000 Achieva 5c 28,435,000 AddvaJTech 2.5c 26,357,000 AiiOcean5c 24,656,000 TT(nt 15c 22,695,000 GiantWTech HK10 20,859,000 GES Intt Lid 20c 20,078,000 CSC W*****7 17,936,000 Ionics P$1.00 16,780,000 Stocks Goodpacklc 51,607,203 PacificCentury 47,368,500 Chart Semiconductor 26c 45,511,964 DBSGrp 37,215,897 GES Intl Ltd 20c 37,138,560 DatacraftlOc 32,458,166
      460 words
    • Article, Illustration
      Lock icon Market stays speculative, tech stocks support STI
      545 6  -  I-I I comment STOCKS ven sreenivasan Tl he Singapore market yesterday managed to hold on to gains made this week, but investors remained focused on recent issues and penny stocks. The Straits Times Index rose 6.29 points to 2,113.37 on the back of
      545 words
    • Article, Illustration
      Lock icon Be nimble if you trade in Horizon.com
      262 6  -  HOTSTOCK By Ven Sreenivasan HORIZON.COM, once a favourite among punters, has started to stir again. The counter was the sixth biggest gainer on the bourse yesterday as it jumped 22 cents or 12 per cent to $2.09. A total of some 307,000 shares
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    • Article
      Lock icon Market Notices
      133 6 ♦SINGAPORE Computer Systems announced the promotion of Fong Khai Yin to the position of executive vice president e-business. Mr Fong assumed this position on July 1. In his new portfolio, Mr Fong will continue to spearhead SCS' e-business strategy and efforts. These include going into IT-based businesses with
      133 words
    • Article, Illustration
      Lock icon Regionals hurt again as rupiah hits 21-month low
      345 6  -  l-l L comment CURRENCIES larry wee THE US dollar raced past regional currencies in early trading yesterday led once again by the Indonesian rupiah and aided by a weaker Japanese yen but ended the day mixed. New greenback highs for this year
      Source  -  345 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      753 6 <£) JADASON ENTERPRISES LTD (Incorporated in the Republic of Singapore on 10 August 1990) Invitation in respect of 113,000,000 ordinary shares of $0.01 each comprising 100,000,000 New Shares and 13,000,000 Vendor Shares as follows:(1) 11,300,000 Offer Shares at $0.20 for each Offer Share by way of public offer; and (2)
      753 words
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      Lock icon Page 6 Advertisements Column 2
      48 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important All applications for units in eight must be made on the application forms accompanying the prospectus investors must read ttie prospectus The value of the units and the income from them may fall as weilasnse 51 H'.StV-' y
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      103 7 BlancpaiN presents a Jremiere Reposition a (c^ingapour A Premiere Exhibition m., iHBr mm W ince 1735, there has never been a Quartz Blancpain watch. And there never wmfcj wi"be- From the Half Hunter Moonphase, specialised Totlrbillon, Perpetual Calendar SC Minute Repeater to the distinctive Trilogy collection, Blancpain rema ns r
      103 words
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  • SINGAPORE news
    • Article
      Lock icon US group GATX selling S'pore storage terminals
      384 8  -  irn exclusive Sale of $400 m facilities part of plan to focos on higher margin businesses By] Eugene Low US transport services and storage group GATX Corp is selling its bulk oil and chemicals storage terminal operations in Singapore valued at over $400
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    • Article
      Lock icon Don't worry about S$ falling against US$
      459 8  -  Focus en its relative stability and the low interest rates, says bank treasury head By Siow Li Sen INVESTORS should focus on the low domestic interest rates and the relative stability of the Singapore dollar against a trade-weighted basket of currencies, instead of
      459 words
    • Article
      Lock icon Healthcare for elderly gets boost
      300 8 COMMUNITY hospitals and nursing homes, or voluntary welfare organisations (VWOs), will be organised around three regional hospitals in three zones as part of a 10-year framework to provide high-quality step-down health services for the elderly, the Ministry of Health (MOH) said yesterday. The hospitals are
      300 words
    • Article
      Lock icon Corrections and clarifications
      45 8 In our July 10 report "Net trading can cut two ways", the number of companies that have been granted the approved cyber trader status by the Trade Development Board is three and not two as reported. We are sorry for the error.
      45 words
    • Article, Illustration
      Lock icon Reselling purchase options is against law: URA
      349 8  -  By David Boey HOUSING speculators who accept fat cash incentives to resell their purchase options are running foul of the law, said the Urban Redevelopment Authority (URA) yesterday. It was responding to a BT report yesterday that some buyers who had snapped up
      FILE PHOTO  -  349 words
    • Article
      Lock icon Govts must make space for insurgents, says guru
      411 9  -  The age of incnmbency is dead, strategy master tells PS2I symposium By\ Kenneth Lee INCUMBENCY has never been worth as little as it is worth today, said Gary Hamel, a man The Economist calls "the world's reigning strategy guru". Speaking at the
      411 words
    • Article
      Lock icon PSA unveils US$2b bond programme
      274 9 PSA Corporation announced yesterday the establishment of a US$2 billion (553.5 billion) debt issuance programme and appointed eight dealers. The bond issue is part of the port operator's capital restructuring exercise leading up to its eventual initial public offering (IPO) and follows the recent assignment
      274 words
    • Article
      Lock icon Siemens Medical opens top-end facility here
      375 9 SIEMENS Medical Instruments (SMI) yesterday officially opened a state-of-the-art plant in Singapore to manufacture the complete range of its hearing instruments, including a digital hearing aid which it says will be the world's first to come with artificial intelligence. The new facility, which will
      375 words
    • Article
      Lock icon 14 real estate firms tie up to form PropNex
      197 9 WHEN the competition gets tough, size matters. Thus 14 real estate companies have gathered to form Property Network for Excellence (PropNex). "The competitive environment will only get tougher so combining resources for economies of scale will be the key to not
      197 words
    • Article, Illustration
      Lock icon Unemployment and inflation: any link?
      359 9  -  on the economy inflation joblessness By, Anna Teo IS there a link between inflation and unemployment? Not apparently or immediately, it would seem, but the data, when presented graphically, suggest a strong negative correlation. The link is particularly strong between the inflation rate (or year-on-year
      359 words
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      72 8 If 'ft Jjj -V :"Af: i 1 >' r s 4 I if 4 J' .'I. u -J 1 Meet Ann and Wykidd; better known as Song and Kelly. While they might be familiar feces awand Singapore, overseas. Song K< choose the American Express® Card. So now, they get the
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  • Page 9 Advertisements
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      41 9 light be familiar feces aroi|ad Singapore, overseas, 'Song Kelly' may only be known as a brand. That's why the designer duo y deserve in London, York and beyond. Why not join them? Apply for the American Express Card now on 291-7122.
      41 words
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  • Page 10 Advertisements
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      171 10 jtjy h m ,^i^%kl^ Let Us Help You Navigate The Global Fixed Income Markets Launched on the Ist of July, the Lehman Brothers Asian-Pacific Aggregate Index is set to become the definitive measure of portfolio performance in the Asia Pacific region. Featuring some 1,000 fixed income securities, it draws on
      171 words
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  • MAIL bag
    • Article
      Lock icon Beware aggressive IPO valuations
      383 11  -  Ang Hao Yao WITH the recent punting on new stock issues or initial public offers (IPOs), speculators seem to be chasing up the stock prices on the day of listing. Some of these stocks may have already been aggressively priced for the IPO, thereby adding to
      383 words
    • Article
      Lock icon Scholars should not be groomed at expense of others
      440 11  -  Jeffrey Ong I WOULD like to give my comments on the issue of scholarships. We need to look at the selection criteria. I believe the majority of these scholars come from wealthy families. They not only can foot the bill, but
      440 words
    • Article
      Lock icon Change contracts for scholarship winners
      148 11  -  Lim Hock Chai THE 11 "likely bond-breakers" who spoke out may have something to tell us. Maybe it is time for scholarship issuers to review their positions. Let's try thinking out of the box for a while. Perhaps they should examine the relevance of their
      148 words
    • Article
      Lock icon F&N among the most transparent companies
      356 11  -  Kenneth Tan Corporate Communications Manager Fraser and Neave Ltd WE refer to Catherine Ong's report, "And now, the least transparent firms" (BT, July 12). According to Ms Ong's poll of 20 analysts and fund managers, Fraser and Neave (F&N) was regarded as one of
      356 words
    • Article
      Lock icon Commercially sensitive info not exchanged: SingTel
      207 11  -  Foo Kim Leng (Ms) Senior Corporate Communications Manager Singapore Telecommunications Ltd WE refer to the article "Starhub launches new budget international calling service I-Call 018" by Teh Hooi Ling in The Business Times yesterday. The article quoted Henry Lim, Starhub's chief financial officer, as
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  • Page 11 Advertisements
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      90 11 Since 1975 our worldwide staff of over 275 multi-disciplined professionals ajf V W i agj including lawyers, chartered accountants. K a k chartered secretaries and bankers have S M a V provided confidential and cost effective S? Ja akJ[ company formation in all the major low tax areas including Incorporation
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      Lock icon Page 11 Advertisements Column 2
      254 11 We welcome letters. E-mail us at bt/etterGsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim 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
      254 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Mexico shows how trade can free up politics
      760 12  -  riTrql bottom line OPINION leon hadar The writer is BT's Washington correspondent CONSUMER advocate Ralph Nader and conservative columnist Pat Buchanan have launched their races to the White House by bashing the pro-free trade policies advanced by the Democratic and Republican presidential
      760 words
    • Article
      Lock icon IN OTHER WORDS
      112 12 'Biotechnology companies are not in the business of giving away anything.' Dr V&l Giddings of the Biotechnology Industry Organization, a trade group, on a joint call by six scientific agencies from the US and the Third World for increased development and use of biotechnology crops to solve
      112 words
    • Article
      Lock icon Fresh vote for World Cup
      607 12 EDITORIAL THE hosting of an event like soccer's World Cup championship is big business these days, with major economic benefits going to the county that wins the right to be host There can be no other word than fiasco to describe the handling of the
      607 words
    • Article, Illustration
      Lock icon US must remain tops for breakthrough ideas
      1187 12 The following are extracts of Tuesday's speech by US Federal Reserve rhairmati Alan Greenspan to the National Governors' Association AN intriguing aspect of the recent wave of productivity acceleration is that US businesses and workers appear to have benefited more from the recent
      1,187 words
    • Article, Illustration
      Lock icon WHAT THE OTHERS SAY
      894 12 Speight' s weapon THE almost total success of George Speight's hostage-tak-ing coup in Fiji is depressing news. But it is also a reminder <jf the problems of defining "justice" in ethnically divided societies and the futility of those purporting to represent "the international community" issuing pompous
      894 words
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  • MALAYSIA news
    • Article
      Lock icon Amcorp details auditor's qualification of results
      430 13  -  Auditor doubts whether group will be able to continue as a going concern Pram\ Eddie Toh in Kuala Lumpur ARAB-MALAYSIAN Corporation (Amcorp) the ultimate parent of the Arab-Malaysian banking group last night provided a detailed explanation of its auditor's qualification of its results for
      430 words
    • MARKET moves
      • Article
        Lock icon AMMB's merger blues
        80 13 AMMB Holdings, the parent of Arab-Malaysian Bank, eased 60 sen to RM13.80 despite the overall market rise yesterday due to growing concern that it would not succeed in merging with the Utama banking group. AMMB has denied press reports that talks with the Sarawak banking group had
        80 words
      • Article
        Lock icon Sports Toto back on track
        65 13 Berjaya Sports Toto rose 20 sen to RM6.65 on continued bargain hunting activity after falling by almost 30 per cent in the past four weeks. Investors were earlier concerned that its loans to parent Berjaya Land may turn sour. Sentiment has since improved following Berjaya
        65 words
      • Article
        Lock icon TRI set to reschedule bonds
        68 13  -  Compiled by Eddie Toh Technology Resources Industries leaped 44 sen to RM4.98 yesterday on expectations that it would succeed in rescheduling US$375 million in euro bonds sometime this week. Major shareholder Tajudin Ramli is expected to pledge the future earnings of its mobile phone subsidiary
        68 words
    • Article
      Lock icon Time gets creditors to agree to repayment scheme
      383 13  -  Next step will be to get shareholder approval Prom, Diana Oon Abdullah in Kuala Lumpur TWO years after seeking protection from its creditors, Time Engineering yesterday managed to get them to support its debt work out scheme to repay RM4.B billion (552.2
      383 words
    • Article
      Lock icon Moody's may upgrade M'sia debt rating
      556 13 KUALA LUMPUR Six major banks also under review for possible upgrade Bloomberg MALAYSIA'S foreign currency debt rating was placed on review for possible upgrade by Moody's Investors Service, citing the nation's ability to weather external economic events like the Asian crisis of 1997-1998. The
      Bloomberg  -  556 words
    • Article
      Lock icon M'sia's upgrade review perks up Man bonds
      156 13 HONGKONG Reuters INVESTORS used a sovereign upgrade review on Malaysia as the springboard to dive back into the Asian bond market yesterday, bidding credits higher across the board. "We saw some aggressive buying this morning from investors and the Street," Chris Lung, a
      Reuters  -  156 words
  • Page 13 Advertisements
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      103 13 We provide consultancy services on offshore structures, j shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong .-.Bahamas -Samoa Full nominee, management, corporate secretarial and pmfr&xiqpal administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.
      103 words
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      39 13 X €B€L the architects of time i ifii ifi :d k w3hk 5l X 'I >fU fm ■*M^^^B^JP^ t 3^^^rj^B^^«s\3^^ §^^sjj(^*'sf jJ '<* V M sv v// <ii»- CHRONOGRAPH 1911 Automatic movement, certified chronometer, steel, water resistant to 30 m
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  • SOUTH east asia
    • Article
      Lock icon Gus Dur meets with Mega, other political leaders
      440 14 JAKARTA They are supposed to discuss political tensions undermining the govt and economy Reuters INDONESIA'S President Abdurrahman Wahid was expected to meet his vice-president and other prominent local leaders yesterday to discuss political tensions undermining government and the economy. A government source
      Reuters  -  440 words
    • Article
      Lock icon Bimantara to sell stakes in 3 subsidiaries
      332 14 JAKARTA Money raised will be used to repay USs4lm in debt Bloomberg PT BIMANTARA Citra of In donesia, which is controlled by a son of former President Suharto, plans to sell some of its stakes in three of its subsidiaries to help repay
      Bloomberg  -  332 words
    • Article
      Lock icon Singapore-owned Sogo franchisee to open Manila store
      308 14 MANILA It's signing deal with Mer&lco unit that owns shopping mall Bloomberg ROCKWELL Land Corp, the property arm of Manila Electric Co (Meralco), will sign a pact with a company linked to Sogo Co of Japan to establish a department store in a
      Bloomberg  -  308 words
    • Article
      Lock icon Top 3 rubber producers plan to control price
      438 14 BANGKOK Bloomberg THAILAND, Indonesia and Malaysia, the world's top three rubber producers, have agreed to set a benchmark price for rubber exports and will coordinate supply to support prices, said Arkom Angchuan, Thailand's Deputy Minister for Agriculture. The countries will set an
      Bloomberg  -  438 words
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      38 14 J 5 At Area si a Land, we'll do anything to help our tenants stay focused on their business. 7. ru it't f •< value Fc ..-ji:: a' 1 breaKirtj ne.\ group J c.-t! Ar casia new N 'numJ
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  • EAST asia
    • Article
      Lock icon China law requires labels for gene modified seeds
      304 15 BEIJING Bloomberg CHINA has passed a law that will require labelling of genetically modified seeds, the country's first restriction of the technology, which has already run into opposition in Europe and Asia on food safety concerns. The law, passed on Saturday by
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      Lock icon HK studying interest income taxes
      431 15 HONGKONG mrMA says study should be completed by year-end followed by talks with market players and govt Reuters THE Hong Kong Monetary Authority (HKMA) said yesterday that it was sponsoring a study on taxing financial intermediation in Hongkong as there were anomalies in the way
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      Lock icon Wheelock may make general offer, says Joyce chairman
      230 15 This gives Joyce shareholders higher price Wheelock is paying for 51% stake Bloombirg [HONGKONG] Wheelock Co, a property and retail conglomerate, may offer to buy all shares in Joyce Boutique Holdings Ltd to give shareholders a crack at the higher price Wheelock
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      Lock icon PetroChina plans gas project
      249 15 BEIJING USsl4£b initiative to be open to foreign participation Bloomberg PETROCHINA Co, China's largest oil producer, said a US$l4.5 billion (5525.2 billion) natural gas project in which foreign investors could take controlling stakes in key areas such as gas distribution for the first time could double
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      Lock icon China economy up 8.6% in first-half: Zhu
      523 15 BRUSSELS This is even faster than the BJL% in Ql; trade is up 30% and tax revenue, 20%, in HI Bloomberg [BRUSSELS] China's economy grew 8.6 per cent in the first half of 2000 from a year earlier as it shook off the
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  • SOUTH asia
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      Lock icon Karnataka secures 248b rupees of investment
      350 16 BANGALORE Jane investment fornm attracts proposals from local and foreign firms AFP THE southern Indian state of Karnataka attracted 248 billion rupees (559.4 billion) of domestic and foreign investment during a month-long investment forum here, an official said on Tuesday. "The response has been
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      Lock icon Star TV banks on Bollywood icon Amitabh Bachchan
      535 16 Quiz show tops ratings, draws millions of viewers AFP [NEW DELHI] Rupert Murdoch's Star TV network looks set to leapfrog its rivals in India and laugh all the way to the bank with a show that offers millions to its viewers and
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      Lock icon Satyam Computer posts 95% surge in Q1 earning
      322 16 BOMBAY Bloomberg SATYAM Computer Services, India's fourth biggest software exporter, said its firstquarter profit rose 95 per cent, helped by 21 new customers for e-commerce software. Profit in the three months ended June rose to 503.6 million rupees ($19.7 million) from 258
      Bloomberg; Source: Bloomberg  -  322 words
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      52 16 We're proposing a merger with Pidemco Land Find out Why, What it means to you as a shareholder, and How the proposed merger will come about. Get your answers online now. www.dbsland.com Or call us at 435 1188. i < v-v v r >, '.vj Atr,-' W"- £J M j2*Vr*
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  • eNews
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      Lock icon Yahoo earnings beat forecasts, ease concerns
      558 17 SAN FRANCISCO Solid rise in Jane quarter's revenue to USs27om quells fears over weak online ads NYT YAHOO announced better-than-expec-ted quarterly earnings and revenue on Tuesday, quelling investor concerns that consolidation and business failures among struggling dotcoms might hurt its revenue base Yahoo reported
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      Lock icon Portals for town councils
      141 17 SINGAPORE SINGAPORE Power unit SP E-Services and Horizon.com have sealed a 65-35 joint venture agreement to develop and operate a town portal for the various townships in Singapore. Called can Town, revenue from the portal's first year of operations is projected to fall between $16 million
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      Lock icon A cyber lawyer to help you cut those legal fees
      588 17  -  p:|l exclusive SINGAPORE LegalStndio.com's standard download costs $25 to $150 By' Teh Hooi Ling PREPARE your own will, or your divorce papers, without having to visit the lawyer's office. For companies, draft your own employment or non-disclosure agreements. That's what
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      Lock icon Hutchison gains HK$5.8b from UK deal
      805 18  -  DoCoMo, KPN bny 35% of its 3G venture for £2.1b, leaving it with a 55% stake From( Quak Hiang Whai in Hongkong LI Ka-shing, Asia's consummate dealmaker, yesterday unveiled a series of strategic alliances with telecoms giants NTT DoCoMo and KPN Mobile in a
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    • E Briefs
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        Lock icon PMC-Sierra buys Quantum for US$2.3b
        99 18 Bloomberg [BURNABY, British Columbia] PMC-Sierra Inc has agreed to buy Quantum Effect Devices Inc for about US$2.3 billion in stock, giving the chip designer semiconductors used in set-top boxes and Internet-related gear such as routers and switches. PMC-Sierra, which develops chips for communications and networking
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        Lock icon Hitachi to offer online investment trusts
        58 18 Reuters [TOKYO] Japan's Hitachi Ltd saidyesterday it would start offering a service with Nomura Research Institute enabling Japanese regional banks to sell investment trusts online. The service, to be launched in October, will allow regional banks to handle investment trust sales and redemptions online,
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        Lock icon Vodafone gets EC nod for Orange sale
        74 18 Reuters [LONDON] Vodafone AiiTouch pic, the world's biggest mobile phone company, said yesterday it had received regulatory approval from the European Commission to sell Britain's fastest-growing mobile phone operator Orange. The purchase of Orange by France Telecom has still to be approved by
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        Lock icon Dell chairman sells US$309m in stock
        68 18 Bloomberg [ROUND ROCK, Texas] Dell Computer Corp chairman and founder Michael Dell sold 6.25 million shares of the No 1 direct-seller ofpersonal compters last month, raising U*****.9 million (*****.3 million). Mr Dell sold the shares from June 19 to June 30 at between $48.86
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      Lock icon Deutsche Telekom may be putting pressure on Sprint
      385 18 NEW YORK Reuters DEUTSCHE Telekom's reported US$3O billion-plus (5552.2 billion) bid for Voice tream Wireless Corp could give the German firm its much-desired toehold in the US telecommunications arena but may just be a gambit to drive Sprint Corp to the bargaining
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      Lock icon PayPal shakes up world of financial services
      502 18 WASHINGTON System «f sending small amounts of cash by e-mail among fastest growing Net services AFP AN Internet startup firm is shaking up tjie world of financial services with an innovative system to send cash by e-mail. The system, launched last November by
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      795 18 NOTICE To advertise call toll-free 1800-741 1883 Fax No: 741 1298 a NOTICE IS HEREBY GIVEN that I, CHUA YEW CHONG, of Blk 310 Shunfu Road #07-223, Singapore *****0, have applied for a Retail Liquor Shop Licence in respect of CHUAN LONG TRADING located at Blk 7 Tampines Mart St
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  • WORLD news
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      Lock icon Poorer Q2 seen for US brokerages
      743 19 NEW YORK Slack profits for banks as well; stock market slump among factors cited Reuters THE biggest US brokerages, led by Merrill Lynch Co Inc. are expected to report a slowdown in second-quarter profits next week because of the recent stock market slump and
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      Lock icon Former Archbishop of Canterbury dies at 78
      411 19 OBITUARY Bebert Runcie, seen as taring critic «f the Thatcher government, toes long battle with cancer AP [LONDON] Robert Runcie, the 102 nd Archbishop of Canterbury who led the Church of England through a decade of theological turmoil, has died. He was 78.
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    • Article
      Lock icon Ford demands US$250m credit line from its bankers
      292 19 NEW YORK Otherwise, they won't get to arrange acquisitions, raise capital for the carmaker Bloomberg FORD Motor Co has put its investment bankers on notice: Ante up US$25O million (***** million) of credit if they want to arrange acquisitions and raise capital
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    • WORLD Watch
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        Lock icon Global Crossing sells local ops
        85 20 Bloomberg [HAMILTON, Bermuda] Global Crossing Ltd, builder of a worldwide phone and data network, agreed to sell its local phone operations to Citizens Communications Co for U553.65 billion (556.4 billion) in cash to pay debt and invest in its network. The all-cash transaction involves about
        Bloomberg  -  85 words
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        Lock icon EC warns Roche, 11 others
        78 20 Bloomberg [BRUSSELS] Roche Holding, BASF and 11 others were threatened by the European Commission with fines for fixing the price of vitamins. The commission said it sent formal warnings to the companies, suspecting them of rigging the market for "vitamins A, C, D and B
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        Lock icon Merged Japan bank to cut jobs
        58 20 Bloomberg [TOKYO] Sanwa Bank, Tokai Bank and Toyo Trust Banking Co, which plan to merge by April 2002, said they aim to cut 20 per cent of their workers and close branches to cut costs. The three banks said they will cut a total
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      Lock icon Imports outpace exports in Japan
      382 20 TOKYO Reuters JAPAN'S exports, once the main drivers of its economic recovery, were strongly outpaced by rising imports in May and officials said the shift reflects growing domestic demand in the world's second largest economy. The surplus in Japan's current account, its broadest measure of
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      Lock icon UBS to buy Paine Webber for US$12b, assume US$4.3b debt
      779 20 ZURICH To avoid losing US brokerage's key staff, ÜBS is setting up USsB7sm pool Bloomberg ÜBS AG, Europe's third-largest bank, agreed to buy Paine Webber Group Inc for about US$l6 billion, giving the Swiss company control of the No 4
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      Lock icon Sogo seeks and gets court protection
      421 20 TOKYO Govt polls ping on proposed 198b yen bailout Bloomberg DEBT-LADEN Japanese department store Sogo Co filed for court protection after the government pulled the plug on a proposed 198 billion yen (553.2 billion) taxpayer-fund-ed bailout. The Tokyo District Court yesterday accepted Sogo's request
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      84 19 I *1o \Jmo*a eiifo**,, ikltHU Just click www.wizoffice.com (J JJ WizOfffoe.com Tomt MiH OMc* Man* »oflv9f ¥Voftddl MoArM St about investment. That is, with whom you place your hard-earned savings is just as important as where you place them. With UOB Asset Management rest assured that your assets who have
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      52 20 -3 < ,<r THE PENINSULA MANILA Corner of Ayala 61 Makati Avenues, 1226 Makati City, Metro Manila, Republic of the Philippines. Tel: (61-2) 887-2888 Fa*: (6)-2) 815-4825 The Peninsula Group Reservations Centre, Hong Kong. Toll Free: 001-800 2131-5555 E-mail: tpmdpeninsula.coin Website: www.peninsula.com Ifegf Toll Free: 1800-227-3126 Toll Free- 1800-717-9955 MTIII
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      128 20 DINNER at the Goodwood jl r jlwill be bringing you a lavish Peranakan feast at the jT" Tudor Ballroom. Tuck into a sumptuous nine course dinner while 4 entertained by an hour-long comedy skit. And dance imS n it l r VeS rom a Melakan band! -1? for reservations. Dinner
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      145 21 For the five essential areas of your life. One essential card. Personal Investment Ever Bordeaux futures? Maybe down to earth money I Technology group learn a lot For more appealing than pork bellies. X! cutting edge, our Technology interest group helps keep you up to date the trends the products.
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  • FINANCE & commodities
    • Article
      Lock icon STI futures up amid mixed stock market
      299 22  -  SGZ Derivatives TradingReports ST Index/MSCI S'pore Indm Chan Yet San THE Singapore stock market ended a little mixed yesterday on a rather active day. The Straits Times Index gained 6.29 points or 0.3 per cent to close at 2,113.37 points. Within the index,
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      Lock icon Futures down on lack of upward impetus
      241 22  -  MS& Taiwan Index Chan Yet San TAIWAN stocks closed lower yesterday following the decline on the Nasdaq overnight. The MSCI Taiwan Index fell 4.35 points or 1.2 per cent to settle at 359.56 points. The volume within the index was modest at 517.15
      241 words
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      Lock icon Oil falls on signs of Opec softening
      189 22 ENERGY REPORT Reuters [LONDON] Oil prices retreated slightly yesterday as dealers kept a close watch on discussions between Opec oil ministers over extra supplies. Saudi Oil Minister Ali alNaimi was meeting with Venezuelan counterpart Ali Rodriguez, current Opec president, in talks which could
      Reuters  -  189 words
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      Lock icon CURRENCY REPORT
      324 22 Reuters London THE US dollar rose against major currencies yesterday on an improved outlook for the US economy and on merger news favouring the US currency. The greenback gained on the yen, euro and Swiss franc after Federal Reserve chairman Alan Greenspan said in the previous day that
      Reuters  -  324 words
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      Lock icon Untitled
      1233 22 MTEEBAMK CROSS RATBS juU2 AS C$ >w6 Euro Ffr Dm HKS Ind h Ihipiah Yw Hon >M WZS P«k Is Peso S$ »Md Sfr »T$ BaM Pomt US$ Australia 0.874 4.901 0.622 4.083 1217 4.603 26.386 56.004 0.634 6.586 2.244 1.*****.878 ***** 1.029 4.018 0.966 18.227 ***** 0.390 0.590 Canada
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      1862 22 SICOM FUTURES Jul 12 RUB8ER (futures closing u «t S.30p«n) RSS1 CONTRACTS cwtsAv) Close Volume Open Month High Low Sott (tomes) Interest Auq 00 113.50 Sep 00 117.75 400 Oct 00 119.00 Nov 00 119.75 RSS 3 CONTRACT (US cents/kg) Votame Opto Mont* High low Sott (tonnes) Interest Aug 00
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  • STOCKS east asia
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      Lock icon Hang Seng stages another rise, helped by Hutchison
      2854 23 HONGKONG AFP H Hang Seng +192.60 SHARE prices in Hongkong closed 1.1 per cent higher yesterday led by conglomerate Hutchison Whampoa which announced the sale of stakes in its British mobile unit. The benchmark Hang Seng Index gained 192.60 points to close
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      Lock icon High-priced tech stocks under attack
      2022 23 TOKYO AFP □Hikka2as -1020 SHARE prices in Tokyo dipped 0.9 per cent yesterday as investors dumped expensive high-tech issues to square off positions in the absence of major incentives, brokers said. The key Nikkei 225 Index fell 162.20 points to close at 17,342.10. The market
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      Lock icon CHINA
      1016 23 Reuters n Shenzhen B Index +Q) CHINA'S hard currency B stocks clambered higher yesterday as companies' announcements of interim results picked up momentum* but brokers said the short-term upside remains limited. The Shanghai B Share Index rose 1.11 per cent, or 0.61 of a point, to 55.45 with turnover
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      Lock icon TAIPEI
      359 23 AFP Qj VP Index -98^8 TAIWAN shares closed 1.2 per cent down yesterday as investors stepped to the sidelines amid weakness in market confidence, dealers said. The Weighted Price Index fell 98.88 points to 8,059.75 on turnover of NT554.89 billion, the thinnest volume this year. "Investors have no confidence
      AFP  -  359 words
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      61 23 MS®!—!- I IPO. Shares. Bonds. Stocks. Annual Reports. jtmjffiv?''. I oa a I Whatever you're offerlnq, we help you reach out i 8 Pttrr SSI9O par I I I to 86.7% of all adults in Singapore dally. j 1J J I .V M S I RHHUHH ThB Stra ts Times
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      503 24 EiBBBDDDHHHmnD AmW w A I J jf****' Yes I want to subscribe to the new for 9 month# at $168.00 and receive my free gift* Name:(Mr/Ms/Mdm) B (Wt Philips Genie J L/C or Passport No.: Sponsored by M 1 SSS Profession: H| Address: /TTl| l Postal Code: ill 1^ I
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  • STOCKS klse
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      Lock icon Shares rise 1.6% in broad-based technical buy
      434 25 AFP |3 Composite Index +1333 MALAYSIAN shares closed 1.6 per cent higher yesterday on institutional support in late trade, dealers said. The Composite Index rose 13.83 points to finish at 859.34. The Second Board Index was up 6.50 points at 232.44. A dealer
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    • Article
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      9151 25 INDUSTRIALS Conuimor protects 2000 Last Vol Day Net Cap High Low Company Solo 000 High Low P/E Jmll 420 310 A)inoffloto 360 19.7 145.9 158 62 Angkasa 84 3 122 85 80S 123.9 670 290 A potto rood HI<J 460 unch 2 460 460 (0.0 184.0 3350 2700 BAT 50c
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  • SGX clob & regional stocks
    • Article
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      2781 26 BOWDS A WARRANTS Jul 12 ■t mi M im 52-Bm* Lart M to Uiltolti H max Can tin Mk Mto M# laa Chwmt Mi ««r- M# Lai tor* toi Prtca MUM) Mn nw In H|f l«N 51.5 16.5 1 Acma W*****4 —215 4.5 1591 26 20 23.5 24 20 41.0
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      Lock icon SEOUL
      281 26 AFP Q Composite Index ♦2JW SOUTH Korea's Composite Index yesterday closed up 2.90 points at 839.80. Volume stood at 462.3 million shares worth 3.4 trillion won. AFP T Anam S«ml. J39S0 WO Br«ln Tacit. **0 -20 Cantral Ban* WTO -JO CnatfCanwn. 14*900 unrt Oaa Gu Bank 24*0 -90 Daasanq
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      Lock icon MANILA
      264 26 AFP Q Composite Index -&51 PHILIPPINE shares fell 0.5 per cent yesterday with sentiment battered by the peso's sharp drop on Tuesday to a 30-month low. The Composite Index finished 8.51 points lower at 1.554.57. Volume was 1.04 billion shares worth 903 million pesos. AFP J1I2 fasa (000) MRCAIMd
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    • Article
      Lock icon WELLINGTON
      269 26 AFP PWSMO *3140 NEW Zealand stocks closed up 1.7 per cent yesterday as mid-cap stocks performed well and off-shore selling eased, dealers said. The benchmark NZSE-40 Capital Index finished 36.40 points higher at 2141.76 on a turnover of NZ$lO3 million. —AFP mb m m»i Advantage HDS 2.8* 0.09 120
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      Lock icon SYDNEY
      533 26 AFP QUor«iari« -3.70 AUSTRALIAN shares fell 0.1 per cent yesterday despite an early boost from overnight comments by US Federal chairman Alan Greenspan. The All Ordinaries Index reached a record intra-day high of 3,293.20 but failed to make it three record closes in as many days, ending 3.70 points
      AFP  -  533 words
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      Lock icon BANGKOK
      802 26 AFP D SET Index -L 7» THAI stocks ended 0.55 per cent down yesterday on selling of bank shares by retail investors amid worries about half-year results due to be announced next week. The benchmark SET Index finished down 1.79 points at 323.93 points, in very thin turnover of
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      Lock icon JAKARTA
      693 26 AFP n Composite Index -L 63 INDONESIAN share prices closed a marginal 0.32 per cent lower yesterday in directionless trade as the rupiah weakened to a 21-month low, dealers said. Blue chips extended losses on profit-taking while foreign investors remained mostly sidelined, dealers said. The Jakarta Stock Exchange Composite
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  • Article
    Lock icon STOCKS sgx
    9023 27 SCX A pa wftflPn Transaction date: Jul 12 Or Or M Wt 52-Wk Last Vol Oty LMt Qwtt W* Wv YM Net Cm Avf Mm. Lw» Cwnpany SH rOOO) HN> lw Mfc C»r PH 1*& Prtca MULTI-MINISTRY 163 K)I m c AcmaSOc 128 *9 959 131 121 128
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      65 27 I ImKE^SHWV Who is behind an Audemars Piguet watch? AVAILABLE AT: SINGAPORE: Regional Agent, Showroom a Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watch Centre Pte Ltd 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0 Tel: 238 6678 Fa*: 238 6676. Raffles City #01-36 Tel: *****85 Lucky Plara #01-32
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  • MOTORING page
    • Article
      Lock icon Delphi expects sales in Asia-Pac to soar
      474 28 Alliances and acquisitions to fuel vehicle components giant's expansion THE world's biggest vehicle components maker Delphi Automotive Systems expects sales in the Asia-Pacific to double by 2005, according to a senior executive. Last year, sales in the region hit US$l.9 billion (553.3 billion),
      474 words
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      Lock icon Eisenmann sets up Asian office in S'pore
      453 28  -  Vehicle plant equipment specialist has major project with Sats here AD reports By Christopher Tan EISENMANN of Germany, a vehicle plant equipment specialist, has set up an Asian office here "to be closer to our customers". "We've been in Kuala Lumpur for eight
      453 words
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      Lock icon Turbo response for the new Porsche
      222 28 ABOUT a dozen people have plonked down deposits for the super-fast and super-expen-sive Porsche 911 Turbo. At $711,888 apiece, the bookings would translate into sales of $8.5 million for local Porsche agency, Stuttgart Auto. The first deliveries are expected to be in mid-August; and
      222 words
    • Article
      Lock icon Lower-sulphur fuels likely to be legislated
      279 28 Newer car engines demand near-zero sulphur content to work optimally CLEANER fuels are likely to be legislated to take full advantage of cleaner engines available today, industry sources reckon. Although there are several harmful components in petrol and diesel, the target pollutant is sulphur
      279 words
    • Article
      Lock icon Dotcom or not, making money is what it's all about
      332 28 BURN rate dotcomspeak for capital expenditure is the "most stupid term that's ever been invented", says IT expert, former NTU lecturer and cyber-entrepreneur Ng Kok Loon. Dr Ng, who is launching a Net-based cooperative targeted at car buyers this Saturday,
      332 words
    • BUMPER to BUMPER
      • Article
        Lock icon Ex-Daewoo man bound for Aston Martin
        91 28 CALL it a reward if you like. Ulrich Bez, the man hired by Ford Motor to help in its acquisition of Daewoo, has been given the job of heading the American company's prestigious Aston Martin division. Mr Bez was formerly with Daewoo, and was
        91 words
      • Article
        Lock icon Delphi working on fuel-saving devices
        104 28 AUTOMOTIVE parts giant Delphi is developing a number of technologies to improve fuel efficiency. One of them is the cylinder deactivation system, which is expected to improve economy by 5-8 per cent. Similar to a system used in the new Mercedes-Benz S-class, it controls the
        104 words
      • Article
        Lock icon Audi A2 coming to town next year
        50 28 THE Audi A 2, an aluminium subcompact, will not be here this year after all. Apparently, the importer will only bring in the automatic version, which is not available as yet. The new schedule for the radically-stvled A 2 is early next year.
        50 words
      • Article
        Lock icon Management revamp at QAF Brnnei
        64 28 QAF Brunei, the royalty-linked automotive-based company, has undergone a major management change. A line of senior executives, including group financial controller Michael Kiew, are no longer with the company. A retiring deputy director of the country's finance ministry is taking over the helm. QAF Brunei
        64 words
      • Article
        Lock icon Here's how to have a fragrant train ride
        77 28  -  Compiled bj Christopher Tan TRAIN operator SMRT will launch scented MRT tickets this weekend. A set consists of four tickets in rose, tulip, gerbera and calla lily fragrances. Each set costs $27 and each ticket has a travel value of $5.50. Only
        77 words
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      417 29 Where to wine, dine and entertain,. (SHasSfr I Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $23 (Adult), 40% discount (Child) Dinner: #26 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Pnces subject to semce charge &gmt.
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      19 29 i j i?. t f w VI- it >* HS- < tHii« bm^Ehehbl Hi ~^3M j J. i ;t tJWßfcf A
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      984 29 EffaEEiE fiM^.f^ifnTSni^^— Central 4.00 Planet Ex (Variety). 4.00 Because You Love Me. 11.00 The World Tonight. s club 7ln Miami (Dra- 5.00 Love At Last. 1130 In Conversation (r). 0.00 AM Kids Central: ma) 12.00 MN Headlines. Blue s Clues. 5.00 Cybernet. 12.02 AM One Hour News. 9.30 Ozzie The
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      287 29 CRYPTIC CROSSWORD ACROSS 5 Story spun (4) 1 Employ completely to one's ad- 6 teftkSii Si?" vantaoe (8) niai attendants left inside (4,4) 9 After a negative reply from the I P oO Ptearegotng to use i|(4) king I get a nasty complaint (8) 8 out is the most 10
      287 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Get your valuation at WAP speed
      458 30 Want some quick numbers on that property you've been eyeing? Pick up your WAP mobile phone to plug into CKS' new service. By MARISSA CHEW CKS Property Consultants has plunged headlong into e-business ahead of its competitors and today launches a new product which
      458 words
    • Article
      Lock icon Hai Sun Hup offers Sydney penthouses
      455 30  -  From Surinder Singh in Sydney HAI Sun Hup, the shipping and hotel conglomerate, has just completed the construction of six penthouses at its Stamford on Kent hotel and residential development in Sydney's CBD and is offering them for sale. The six penthouses each around
      455 words
    • Article
      Lock icon Blind competitions work better: SIA
      472 30  -  By 1 Marissa Chew HAVE competitions which are blind and open to all, says tne Singapore Institute of Architects which recently came up with a prize to recognise Excellence in Architectural Design Competitions. The first award went to the Land Transport Authority, which last Monday
      472 words
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      4 30 H I jB B
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      156 30 PRIME FACTORY FOR SALE Location Lok Yang vicinity Description Purpose-built JTC factory Land Area Approx. 223,912 sq ft Built-in Area Approx. 109,198 sq ft Tenure JTC Leasehold 30+30 yrs w.e.f. 16 April 1973 For enquiries, please contact Sole Marketing Agent Industrial Department Tel: 224 8181 BRAND NEW WAREHOUSE AT CHANG!
      156 words
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  • Article
    Lock icon HOUSEHUNT
    2786 31 Executive Suite Prooettv transactions for selected districts lodged between June 5 and Julv 10. PROJECT NAME.' PROP CONTRACT TENURE BULT-M/ PRICC PSF STREET NAME TYPE DATE UNO AREA* (SOFT) (SS'OOO) (SS) District 15 y Non-landed Amber Park Apt 12/05/00 FH 1744 1275 -731 Amber Point Apt 12/06/00 FH 1690
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  • Page 31 Advertisements
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      48 31 I PPPi P 5 FINANCING YOUR NEEDS Car Loan Loan Commercial/Industrial Loan Sajjj9iiHnfef East Coast 348 8262 Beach Rd 292 1459 3 Bedok: 445 8011 Buk.t Timah 467 1916 Uf| I lIUL QQ||f|f£QQ S Ang Mo Kio: 458 4222 Serangoon: 299 8855 IIW I Llllkl WWW W WWW
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon designer locale
      1863 32  -  When WH Architects' Wong Mun Summ and Richard Hassell won the competition to design the SAM and National Stadium stations on the Marina rail system ten days ago, they received calls from fellow practitioners congratulating them on their win and also for putting young local architects in the
      PHOTOS: SIEW YAW HOONG, ARTHUR LEE  -  1,863 words
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      54 32 OFFICE SPACE FOR SALE 73 BUKIT TIMAH ROAD TONG NAM BUILDING Close Proximity to Future MRT stations at Zhujiao Centre and Farrer Park 4 contiguous floors available for sale as a whole or individually Floor areas ranging from 777 sqm to 821 sqm Freehold tenure Selling with tenancies and vacant
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      134 32 What's tho best wit to structure a competition to ensure that the most creative entry wins? P| 30 I FOR SALE BY TENDER LARGE GOOD CLASS BUNGALOW SITE ALONG JERVOIS ROAD l! 5 mins' drive to Orchard shopping y entertainment area 1 j *10 mins' drive to the Central Business
      134 words
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  • SHIPPING TIMES
    • Article
      Lock icon MARITIME STOCKS
      287 33 MX '000 mb a it CWT Mstr *ut km 0.85 0.03 311 Oman Hup 0.39 0.01 761 Cosco Invastmant 0-21 0.01 274 Freight Link* -.0.23 unch 257 G8 Holdings 0.67 0.02 14 HalSunHMP- .0.39 0.01 342 IMC Hotdlngs-HK 5.60 unch 0 Jaya Holdings 0.19 0.01 723 Kappal Corp
      287 words
    • Article
      Lock icon Asian feeder grouping set to raise rates this year
      648 33  -  Operating costs have escalated while freight rates have fallen dramatically Byl Donald Urquhart [SINGAPORE] Concerns over rising operating costs and historically low freight rates have prompted an Asian feeder line grouping to consider implementing rate increases by the fourth quarter this
      648 words
    • Article, Illustration
      Lock icon Ben Line's John Tan retires after 45 years in shipping
      483 33  -  By George Joseph [SINGAPORE] The doyen of Singapore's shipping community. the affable John Tan. has retired as a director of Ben Line Agencies after over four decades in the shipping business. "Just say 1 am stepping down after 45 years
      483 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      207 34 PAGE ACL 6 ANL 3 8 Accord 8 Appenship 5 Assets 8 Austral 8 Balajt Shpg 5 BSA 7 B tang Mas 8 CCNI 7 CMA 8 COSCO 5 CSAV 3 ft Central Ex 6 Cho Yang 5 CtanaShpg 5 ft Cougar 3 ft CWTGIobelink 7 0'
      207 words
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      Lock icon South Korea grabs VLCC orders
      803 34  -  NEWBUXLDS By David Hughes There have been fewer reports over the past fortnight of bulk carrier orders, perhaps a sign that owners are getting nervous about the backlog of newbuildings set to come into the market over the next 18 months or so. On the
      FILE PHOTO  -  803 words
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      Lock icon SHIPPING GUIDE
      16618 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartisar Vassal Voyaga Tataphona ETA ETA Advartisar Vassal Voyaga Talaphona SIN Dasfn NMta Nam* Numbar Numtoar SIN Dast'n Nam* Nama Numbar Numbar .va* i AIMl'B I PWi KSMMMm moms f I To BRISBANE (BNE) 205B Australia To ABIDJAN (ABJ) 2003 Cota D'lvolra «/o;
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        749 45 Vessel Voy No Berth Arrival Departure SI Mint Baru 10/00 Jw 4 *j01 12/07/8:40 12/07/20:00 Akbar Putra Jtil-01 J02 12/07/6:05 12/07/23:15 Bt Fitriana ***** J01 12/07/8:30 12/07/23:00 Winstar 1 65SOO J03 12/07/9:20 13/07/6:30 Bayswaterttt M0171 J02 12/07/8:05 12/07/16:00 tl 23 132 J02 12/07/9:05 12/07/17:30 C Proqrws 12Jul J09
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      • Article
        Lock icon CONTAINER SCHEDULES
        1974 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Bal»i>ce Rstls Ship Voy No Etb/Btr Period From To From ALAMJAYA 2 14/300 It It/1500 I1/M59 Nw-00 2« n/1700 12/0*59 12/0900 21 n/1700 12/0459 12/0900 12/0700 12/1159 12/1400 4 12/1200 I2/M59 12/1700 MUWRT M (VMM II n/1500 11/1*59 Nw-00 2A
        1,974 words
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        Lock icon GLOBAL HOLIDAYS
        188 45 Jul 14 France: Bastille Day. Jul Iff Brunei: HM The Sultan's Birthday. Jul 17 Thailand: Buddhist Lent Day. Jul 20 Japan: Marine Day. Aa|9 Singapore: National Day. Aug 12 Thailand: HM The Queen's Birthday. Aug Iff Germany: Assumption Day. Korea: Liberation Day. Anff 17 Indonesia: Independence Day. Aug
        188 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        778 45 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are tndi cated. The Cockett Bunker Price Index
        778 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        565 45 Carbon 180 Mai 990.8 0.S 18.9 0.08 78 0.04 Jul 6 Density Water Residue Ask Aluminium Sediment No above £25 0 0 3 0 0 0 ——380 Aw 966.2 0.2 13.0 0.06 47 0.02 t,"J, 380 Max 993.9 0.5 18.2 0.09 99 0.05 MAM %«ff tt/u
        565 words
    • AIR & LAND transport
      • Article
        Lock icon SriLankan Air to reassess fleet upgrading
        285 46 Reuters [COLOMBO] SriLankan Airlines, hit by a slowdown in passenger load following an upsurge in the island's ethnic war, will reassess the feasibility of completing its fleet update programme this year, its chief executive said on Tuesday. "After our peak summer season of June
        Reuters  -  285 words
      • Article
        Lock icon Corporate makeover agencies pitch for 'new-look' Airbus
        223 46 AFP [PARIS] Agencies specialising in corporate identity makeovers, including Lon-don-based Wolff Olins, are pitching to work on a new look for Airbus, the European airliner consortium, industry sources said on Tuesday. A number of international design consultancies are presenting their ideas for relaunching
        AFP  -  223 words
      • Article, Illustration
        Lock icon European airlines merge
        66 46 [MILAN] (From left) Walter Vollenweider, senior vice-president alliances, Qualiflyer Group, North Atlantic SAir Group, Vincenzo Soddu, managing director, Volare Group, Gino Zoccai, chairman, Volare Group and Alex Kaufmann, president adviser of the SAir Group, during a press conference on Tuesday after Italian airlines Volare Airline and Air
        AP  -  66 words
      • Article
        Lock icon China Southern forecasts higher profit
        210 46 Passenger, cargo traffic rose in first half Bloomberg [GUANGZHOU] China Southern Airlines Co, China's largest carrier, expects 15 per cent more passenger traffic this year, increasing full-year profits, as the re gion's economic recovery generates more demand for cargo and travel. For the first half
        Bloomberg  -  210 words
      • Article
        Lock icon Boeing recovers from strike
        127 46 AP [SEATTLE] Boeing Co said on Tuesday that its commercial jet deliveries are nearly back on schedule as it has all but recovered from the 40-day strike earlier this year by its engineering and technical workers. Boeing delivered 167 commercial jets in the second quarter ended
        AP  -  127 words
      • Article, Illustration
        Lock icon BA to renew focus on Europe
        666 46 Decision to acquire ELM will depend entirely on shareholder value: Eddington Bloomberg [LONDON] British Airways pic's new chief executive, addressing shareholders for the first time since his April appointment, reiterated that the airline sees Europe as its backyard and central to the company's "alliance
        Bloomberg  -  666 words
      • Article
        Lock icon AXA raises stake in KLM
        428 46 Insurer is hoping BA will offer premium in any takeover of Dutch airline Bloomberg [LONDON! Axa SA boosted to 22.5 per cent from 15.3 per cent the stake in KLM Royal Dutch Airlines NV it holds for clients, betting that British Airways pic will offer
        Bloomberg  -  428 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1732 46 CITY FLIGHT ETA FLIGHT ETC MM BA7381 1930 BA7382 2055 Of81 1930 Of82 2055 AN8229 2230 ukm urn J SO229 2230 H. JUcktwM) *223 0705 KM 0920 *****2 0705 S062B1 0920 N***** 2045 N***** 2045 $0286 2045 ***** 2045 Brink CT148 0910 BSxiBtH*** *****5 0245 B*****
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      127 33 The freight market report has been dropped doe to onspeoe South Korea grabs VLCCorders ■P*g*2 Introducing smarttHinkers.com The first independent site that really allows you to manage your bunker requirements on-line. Established by experienced bunker and shipping professionals to combine innovation with hands-on understanding of the industry. opportunities The SMART
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      201 34 i i 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 lj l_ SENLIM AGENCIES PTE. LTD. 133, Nw Bridge
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      690 34 Lines services represented by l£lßks| Members of tKe Registry of Members of the |fiM| Accredited Shipping Agents, S.ngapore Log.shcs 2/ Singapore Shipping Association Association LILY UNK MALI vissa VOY [Ita1 ta Teu eta P. KLAMG SPORE MALE Empress Lily VO6OO 16/07 18/07 25/07 Princess lily VO5OO 28/07 30/07 08/08 Empress
      690 words
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      1014 35 \J y/ SAX SERVICE (DIRECT) ___________J vcsa voy sure uu am pm hou oi cawtwaiiirc Hum KU 05/07 10/07 25/07 25/07 25/07 25/07 25/07 25/07 20/07 26/07 IfIGMMT 0211 12/07 ~V/Q7~ 01/00 01/00 01/ M 01/08 01/0» 01/00 02/01 02/00 mm 021? 19/07 03/00 00/00 00/00 00/00 00/00 00/00 00/00
      1,014 words
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      1915 35 Cirtwn Wro Hlhr On HANJIN SHIPPING !lkl-I iHsMr*L» -Sde *****30 HANIW SHIPPING m ire K» M» (1 MOKHIG *****35 737 SALES *****74 731 POCIMIH *****71 774 OPaAIIOWS *****54 7SI MM lIM *****55 ftl *****4S Cllttll TO NW USA CANADA USA CANADA* rot vsi/yoy mm sw imnam/voy su tw Ea pot
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      1294 36 SENATOR LINES TO UK/CONTINENT TOMEPTTERRANEANCANADA <t«a VOT "5T ItH HTM AIM HAM MV FU ttna WW HI BIT tH HB WJ MTW nwnßwn mrrm w.i 7 km nm mm mm mm patmos hhatoa mkw kit an dm mm mm um PUSANKNATOR MI4W 1117 MM MM I7M MM MM lIM AMEMCA
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      Lock icon Page 36 Advertisements Column 2
      879 36 am MAC-NELS S PORE M'SIA Cavvtoß Mil COHIH UNES, INC p ouoang: (07)*****26 "NW" WNOHMamMOaC S«U; (064)*****9 MAMLA: (632)******4 PENANG: (04) *****36 BANGKOK: (6C2) *****67 SURABAYA: (31)*****11 P. KELAWG: (03) *****77 JKT: (21) *****46 KUCHMQ (062) *****1-3 BARCELONA MV "VILLI DE LIBRA" V.MW 332 ITA SIN: 15-7-2000 MV "NORASIA SHANGHAI"
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      663 36 EXPRESS CONTAINER FEEDEfI FOR NSHEVA (CFS MUUMO. MUMMI£OLOMBO ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN I.C D POINTS Vrael S PORE N SHEVA COLOMBO P.KLANC CAPE CREUS V 1 WW 16 JUL 2S JUL 79 JUL M MM CAPE CANAVERAL V 176W 23 JUL 11 AUG 05 AUG 11 MM
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      1667 37 IQVfSSa. VOY HKO KHH I SBN I PKL I PX» OA PAM PRC IRANSHAHRYAR PCI-162 07/07 09/07 16/07 15/07 23/07 24/07 26/07 2S/07 MAN HOBUAOZOANPCL-163 14/07 16/07 21/07 22/07 30/07 31/07 02/03 04/03 WAN TEHRAN PC L 164 21/07 23/07 23/07 29/07 06/03 07/03 09/03 11/03 IRAN TAOATAOAEI PCL-165 23/07
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      1126 37 mwsitwq 1 .Or MBKIIO COLOMBO I M 5 MVS I EVERY WEMISOAY I I GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/L) COSTAR SNIPPING PTE LTD *12-00 sales/rkgs *****57/43 inward deft (d/o) *****«S COSTARIMNCIES (flft) SDN BHD CR NO: **********0 M SINGAPORE *****1 CONVENTWNAI
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      Lock icon Page 37 Advertisements Column 3
      755 37 m Timport I I Ollt I Vf%l I 19/17 131/07 I 03/10 M/ 01 expott import VBSa VOT SM LSI OAI [WM CMMRS Mt 1) SM VfSSB DOT 160 OAI SI jag Qltw 1W Mm w~ NIUBIBKMI 0M( 13/07 10/00 IITST UM»M4MMiII* IMUS must* OT«W 14/0* 19/0* ***** WOSS M
      755 words
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      628 38 Kldiiiiuyiyß WMO—/UK/KAIWM4AVIA/P—AHO/MUMIA WMCd urotT Vtssa/VOTAM |SGP lON HN IMP TZH T Ul» L6t«BALHf-071 TsfiT IPT 12/ M LMMm a/07 Ifl/M 12/W 14m IS/W 17/01 ***** E DIVINE BR-011 I 30/p; I 11/01 I Vo< 71/W 77/01 W0» 73/01 ALSO ACOFTWG CARGO TO AM FRORk- FMLAM, OCIRRARK, SWEDEN, lUSSU NORWAY MBMTtMEAMtAN/MACK
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      Lock icon Page 38 Advertisements Column 2
      375 38 tmmm wiiwioui/mw iu» caw* awa IXPOtT VESSEL VOYAGE SGP CM OM J*A AM DAW lAH MR NXV 2MUAMCHE OIS4W 14/07 7V07 71/07 UM ANfli 0471 021W 17/07 71/07 74/07 77/07 71/07 UMPAIMT *****07W 11/07 7J/07 71/07 71/07 31/07 07/ M YD HE OIS4W 71/07- 01/ M 07/W 04/08 UNUSEMT 0477D11W
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      1011 38 ADVANCE CONTAINER UNES (PTE) LTD ill. TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. 1663M*****E W FOR BOOKINGS PLEASE CALL: *****23 SALES A MARKETING *****21-20 RAWQKoi~Ti*M—/»«« JAKAKTA.(7IIIIHoi/WM» vtssa VOY 8N KK VfSSR VOY I «N JCT YANTRA BHUMIfAD 349N 15/7 5d 18/7 \m SHAR SUNOA (UTCI) 070 15/7
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      376 38 SB TELOK BLANGAH ROM <82-82 CfTIPOfIT CENTRE STORE *****S TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W *ssa wr ro no ooiMom UMMU nam u«7am wuizm mummm mom nam mam warn FMataoMftramNMc MMunw aam utiam iimam muntok Far enqmnes awt bookings please contact SEASPACE SHIPPING (S)
      376 words
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      400 39 BSfl a. ,^BT! f ll Tf=!3Tl7s*l l P3V5S l 5^^Br M* MYANMA Ipßßk FIVE STAR LINE (Myoamor Natioaol Line) W Loading for Yoagoi VtSSU VOT SIN Ptl PtN PGU MAWUMTINE 90W SU» MMn UN yj) MALAYSIA AGENTS: IOUSTIAD MOPPING AGENCIES MIL TU (03)*****00 Ptl: TU (03) 3/6*lol PIN; TU (04)2******
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      1217 39 HMNEF HYUNDAI MERCHANT MARINE CO., LTD. Ivbsa VOT nn SOU I IB! lIT I ANT I NAM MV fmi£~ I VOT I SOU I LBI I RTM I ANT I NAM IMV| S» NOL CORAL 01SW 14/07 04/08 05/08 10/07 01/08 APICYPRBE OIM 21/0* 21/0* 27/0* 01/07 IS/87 HYMGMESS 325W
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      727 39 vOOv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA «<*(> HEAVYUFT SIRVKI' [VESStI VOT RAMP HEIGHT SM IK MAO MIA SAV BAL Off NYC IffW MM TAIABOI AHOIT 4001 ms 6.3 M ~257W 25/00 02/09 05/09 07/0* 09/09 To/W 12/09 14/09 19/09 TAMPERE AHOH 4001 ms 4JM 10/01 09/09 17/09 24/09
      727 words
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      1727 40 INDONESIA NATIONAL UNE TO AUSTRALIA ""I RJiL COIfPUMER BEFVICE va wt_ m m m vn m m m w wimuu hs ii/vii/v n/wn/vB/v a/v irrt ntovca nT i r/v it/v »/w »/v »i/» m/m raw hemic om n/v it/w T" ii/i» mmm ln~ n/wi/w is/w u/» ii/w FEEDER SERVICE TO
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      47 43 Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Turn to Pg 3 Mon/Wed/Fri Pg 7 Worldgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To EAST MALAYSIA a EAST/ PORTS ASIA service DETAILS Rg 8 Pg 7 (Barwil)
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      75 45 .v*** t The Shipping Times now features a full page of logistics news on Thursday every fortnight. Current trends, latest developments with specialist writers providing expert analyses and giving you valuable insights into logistics companies that make a difference with their services Make sure you read the Shipping Times and
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