The Business Times, 19 July 2000

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Total Pages: 44
1 44 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE Internet: http://business-times.asia 1 com.sg/ WEDNESDAY. JULY 19, 2000
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  • 77 1 sn *****7 (-1.47) BT-SU ***** (-4.57) ST INDEX FUTUBES 2100.00 (+2.00) smsci niTUBES 271.40 (+0.40) STOCK MARKET INDICES Tuesday Change KLSE COUP 838.03 -8J0 NIKKEI 225 *****.07 441.76 HANG SENG 17,440.83 393.96 SET INDEX ***** -119 JAKARTA COUP __S07.06 +014 MANILA OOMP _1.528« -17.75 TAIPEI WPI 8J68.78 216.74
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  • 79 1 FOBEX BATES us$ s$ DS$ 1745 £(l'Si/S5 per 1.493 1607 El.'RO(l'S$/SS/E) 0.936 1.634 DM 1090 0.835 YEN 1073 1.619* RM 3.800 0.460 HK$ 7.796 0124 HAHT 4017 0.043 RUPIAH 9J70 0.019 St to 100 unto St to 100 units PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA ..JS9.00 BANGKOK
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  • 554 1  -  Sassoon to have 12% of the merged company with the Koos Group controlling 70% fYom Quak Hing Whai in Hongkong THE consolidation in the region's securities industry continues with yet another "merger" yesterday. Taiwan's KGI Group said it would take over Singapore's securities
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  • 853 1  -  Using local intermediaries adds another layer of costs to investors By Ling Su Ann [SlNGAPOßE] The Monetary Authority of Singapore is considering allowing investors to invest directly in for-eign-registered mutual funds or unit trusts. It was replying to two letters from
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  • 468 1  -  Change to free float method may cause big capital outflows From Quak Hiang Whai in Hongkong INDEX compiler Morgan Stanley Capital International (MSCI) said yesterday it will announce on or before Dec 31 possible changes to the way it sets up its index. If
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  • Page 1 Advertisements
    • 353 1 PTSTOE Top stories Chartered Semiconductor Manufacturing wins chip contract. Pg 4 China plans Nasdaqstyle market. Pg 13 BT Comment Ifs time OCBC Bank got its Internet strategy right. Pg 4 People Tiger Woods ready for a date with history. Pg 28 Majlhag* MAS reviewing fund distribution channels, Pg 9 Pay
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    • 10 1 US June CPi higher than expected Report. Pi 7 17
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  • NEXT page
    • ON THE grapevine
      • 109 2 NTUC Fair Price, Singapore's homegrown supermarket giant, engaged an independent research company, Acorn Marketing, to conduct an unbiased price survey among local retailers in May. The survey showed that Fair Price had 59 per cent of the lowest-priced items from a sample of about
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      • 85 2 WITH market speculation that many dotcoms would soon run out of money, some Singapore dotcoms are not taking chances of being lumped together with the cash-strapped. Two Singapore dotcoms, Mediaßing.com and bex.com, have told Grapevine that they still have substantial cash reserves. Mediaßing.com, listed on the Singapore
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      • 109 2 SOME insurance companies seem to be probing for market information even as they sell their products. One BT reader said recently that he was "accosted" while waiting for his wife outside a supermarket by a representative of one of the local insurance companies. Armed with a stack of
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    • 827 2  -  ABN Amro, Citibank open new branches in city; HSBC moves to HDB heartland By\ Siow Li Sen [SINGAPORE] July has turned out to be a pretty busy month for foreign banks in Singapore. While local banks seem to be closing branches faster than it takes
      ARTHUR LEE  -  827 words
    • 319 2 Retailer's troubles in Japan echo in Singapore store [SINGAPORE) An unknown number of suppliers descended on embattled Japanese retailer Sogo's department store at Raffles City over the past few days in a bid to retrieve their stocks, say sources. It is understood that
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    • 455 2  -  Getting Personal By Corinne Kerk Whos David Chew, founder and chief executive officer, Stratech Systems. Afss42 Claim to fames Though he grew up in a poor family where chicken or roast pork rice was a luxury, Dr Chew went on to clinch a doctorate in Business
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    • 378 2 r|2s) JjiA SINGAPORE INVESTMENT BANKING ASSOCIATION 25TH ANNIVERSARY LECTURE "KEY TRENDS IN THE WORLD ECONOMY AT THE BEGINNING OF THE NEW CENTURY" by 1999 Nobel Prize Laureate for Economics, Professor Robert Mundell Wednesday, 6 September 2000 (9.00 am 2.00 pm) Marina Mandarin Singapore (Taurus/Leo Rooms, Level 1) Robert Mundell has
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  • Page 3 Advertisements
    • 535 3 fhg J's i-mfM,. Silpf >s.'• I <rvi ic f 1 LfXLIS fMif -V's V M* 111 the lucky few are grounded in the present content 6 S 300 Meanwhile, the intelligent Electronically Controlled J til 1 1 X with who, what and where they are. They jet to enjoy every
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  • Page 4 Advertisements
    • 192 4 BIC BRC Asia Limited (Incorporated in the Republic of Singapore on 14 December 1938) INVITATION IN RESPECT OF 143,200,000 ORDINARY SHARES OF $0,025 EACH COMPRISING 37,000,000 NEW SHARES AND 106,200,000 VENDOR SHARES AS FOLLOWS:(A) 14,320,000 OFFER SHARES AT $0.25 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (B)
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  • SINGAPORE companies
    • 377 4  -  The deal is seen as key to its entry into the Japan market, Bluetooth technology By' Toh Han Shih CHARTERED Semiconductor Manufacturing has won a contract to manufacture chips for Bluetooth, a cuttingedge wireless technology, for Japan's Oki Electric Industry Company. Chartered, which
      FILE PHOTO  -  377 words
    • 690 4  -  From Harish Mehta in /iaru/kvk DBS Thai Danu Bank, the Thai subsidiary of DBS Bank, yesterday reported a modest first-half operating profit for the first time since the outbreak of the economic crisis three years ago, signalling that its
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    • 467 4 Jane data from Lipper shows that Japan was tops, S'pore with USslsb was sth in Asia Reuters GLOBAL institutional holdings of Singapore stocks rose 5.9 per cent to U5515.25 billion (5526.53 billion) at the end of June from US$l4.4 billion a month 1
      Reuters  -  467 words
    • 698 4  -  I "•MM locksiew wong wei kong WHAT really is OCBC Bank's strategy for Internet banking? This is probably the biggest question raised by OCBC's announcement on Monday that it will be investing US$5O million (5J87.5 million) in a new regional Internet
      FILE PHOTO  -  698 words
    • 405 5  -  It forms 40-60 joint venture with C3DC to establish foothold in infrastructure projects there By I Serena Ng MAINBOARD-LISTED Kian Ann Engineering has struck a joint venture deal with Chi-na-linked CIDC Group Holdings, which is involved in infrastructure development, to expand into
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    • COMPANYBriefs
      • 44 7 INTERNET Technology Group's public offer was 15.3 times subscribed at its close yesterday. The Internet operating and investment holding company had offered 86 million shares at 65 cents each to raise $55.9 million. Trading on the mainboard starts today.
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      • 119 7 SINGAPORE Telecom yesterday said it has promoted Lucas Chow to executive vice-president (consumer business) with immediate effect. Mr Chow will continue to head Sing Tel Mobile as its chief executive officer. The Consumer Business Group oversees the development, marketing and sales of fixed, mobile,
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      • 38 7 SINGAPORE Telecom said wholly-owned subsidiary C2C AsiaPac Pte Ltd has incorporated a wholly-owned subsidiary known as C2C (Bermuda) Pte Ltd. C2C's principal activity is the construction and operation of a pan-Asian submarine cable system.
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      • 79 7 CREATIVE Technology yesterday announced it will showcase its first ever Mac-compatible PDE product, the NOMAD II MG, at the Macworld Expo on July 19 to 21 in New York. The NOMAD II MG features a unique professional lifestyle design offering MP3 support with reprogrammable firmware
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      • 156 7 IPCO International yesterday clarified that it will not be investing $120 million or any amount in building the two hotels and golf course near the airport in the Bangladesh capital, Dhaka. It said that as announced last week, it has changed its focus from infrastructure/construction
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      • 28 7 COMFORT Group said the Singapore Exchange has given in-principle approval for the listing 0f267,420,692 new shares arising from its l-for-2 bonus issue.
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    • 396 7  -  The stake in CIDC unit 21st Centnry Biotech Group will be acquired through an exchange of Econ shares Tay Hong Seng LISTED Econ International will take a 15 to 20 per cent stake in a newly set up life sciences
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    • 325 7 Company's profit rises 23% to $4.2 m as turnover goes np 9% to $113 m STAMFORD Tyres posted a 23.7 per cent rise in profit to $4.22 million for the year ended April 30, 2000, from $3.44 million a year earlier, thanks to improved
      FILE PHOTO  -  325 words
    • 245 7 BOUSTEAD Singapore said its 55 per cent owned subsidiary' Boustead Projects is buying into Dynamic Venture, a company set up in March to invest in IT and life sciences projects. Boustead Projects will subscribe to five shares at a par value of US$l per
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  • SINGAPORE markets
    • 510 6 Stocks Volume Goodpack 1c 61,995,000 AirOcean 5c 37,511,000 Jadasonlc 31,314.000 Bnertey NZ10C 25,528,000 AddvalTech 2.5c 19,042,000 TT Int 15c 18,329,000 MediaRing 10c 16,951,000 PNE Ind 10c 16,134,000 IPC020C 11,156,000 North 22 US1C 10,731,000 Stocks S Goodpack 1c 43,888,263 Chart Semiconductor 26c 37,635,609 DBS Grp 26,000.858 SPH 24.370.305 KeppelCorp 18,414,116 SIA
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    • 505 6  -  1 i comment STOCKS ven sreenivasan THE local bourse yesterday traded under the shadow of regional currency volatility and continued weakness in the Singapore dollar. Traders said sentiment turned soft amid rising concerns over regional economic and political uncertainties. Topping the list of
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    • 197 6  -  WARRANT WATCH fh Ven Sreenivasan LABROY Marine's warrant was among the leading percentage gainers yesterday as it climbed 8.3 per cent to 19.5 cents on 241,000 units. Meanwhile, the underlying stock gained 5.9 per cent to 36 cents on
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    • 253 6  -  HOT STOCK By Ven Sreenivasan BUS operator Tibs Holdings leapt to life this week after Singapore MRT chairman Chew Choon Seng suggested there could still be a merger between the two transportation players. After rising by as much as 19 cents during the
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    • 126 6 ♦METALOCK will hold its AGM and EGM on Aug 8 at 10 am, Carlton Hotel, Empress Room A, Level 2,76 Bras Basah Road. ♦KOH Brothers will hold its EGM on Aug 7 at 10 am, 11 Lorong Pendek, Koh Brothers Building. ♦AUSSINO.COM will hold its EGM on Aug
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  • Page 6 Advertisements
    • 124 6 The Perfect Investment Opportunity For Sale by International Tender W** ■MHMfIIM Location Jl. Jend. Sudirman Kav. 22-23, Jakarta, Indonesia Opportunity :*A rare chance to buy a prime office building. •Superb location ana coveted address in Jakarta's CBD. •Fully occupied and commanding premium rents. Land Area 10,444 sqm No. Of Towers
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    • 102 6 YOU CAN NOW PUT YOUR CPF SAVINGS IN EICHT. Important AJI applications for units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units ano the income from them may fall as well as nse OIXISBANK Larry Wee's
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  • Page 7 Advertisements
    • 20 7 1 he art of relationship gjg| I he science of results THE BREAKTHROUGH GROUP PROFESSIONALS IN INSURANCE AND FINANCIAL SERVICES
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    • 85 7 W m*. "W I T*-% moM r JH ft i f f/Y FMIK PM» JW Kv You never iOy»'il m H# actually own a Patek Philippe. ia w^: You merely look after it for the next generation. Annual calendar ref 5035 by Patck Philippe i j The HourGlass B QUALITY
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  • SINGAPORE news
    • 578 8  -  Vancouver-based 360 networks to pay USsBoom for use of 25% of cable's capacity rs/ Teh Hooi Ling C2C Cable Network, Singapore Telecom's new US$2 billion (553.5 billion) cable project announced just two days ago, has found its first customer in 360 networks. The Van-couver-based
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    • 520 8 Higher semiconductor shipments to offset weakness in disk drives, PCBAs and PCs, say analysts JUNE non-oil domestic exports are likely to be up 11-16.5 per cent year-on-year after a gain of 15.6 per cent in May, analysts said. The Trade Development Board will
      FILE PHOTO  -  520 words
    • 408 8  -  ffy Andrea Tan THE Housing and Development Board (HDB) is launching the sale of two 99-year leasehold sites slated for condominium development, which could fetch about $260 million in total. The sites are at Upper Serangoon View and Hougang Ave 6,
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    • 301 8 Buyers said to be a mix of HDB npgraders, investors ALLGREEN Properties yesterday sold another 35 units at Queens condominium at Stirling Road, bringing total sales to just over 70 since the preview for the project began on Monday. Allgreen has so far
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    • 406 8  -  By Eugene Low SINGAPORE'S economy is expected to expand by 5.5-7.5 per cent this year but growth is likely to slow down in the second half, a report by the US embassy here said yesterday. Following a robust opening six months this
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    • 308 8  -  M U I un the economy forecasts By Anna Teo INDUSTRIAL output is likely to have risen by 14-15 per cent in June, down from a strong 20 per cent jump in May, according to DBS Bank's economic research division. Commenting on the
      Source:  -  308 words
    • 53 8 IN Saturday's report, "ABS to fix rates of Ss, baht, rupiah", it was incorrectly mentioned that the Association of Banks in Singapore would fix the Singapore dollar short-term interest rates from Aug 2,2000. The fixing has been in effect since Aug 2 last year. We are sorry
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  • MAIL bag
    • 293 9  -  Toh Yong Chuan Assistant Director (Corporate Communications) Monetary Authority of Singapore I THANK Chua Boon Lee ("Feeder funds no longer relevant", Executive Money, June 30) and Ghwee Eng Hwee ("MAS should explore ways to protect unit trust investors", Executive Money, July 7) for their feedback
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    • 389 9  -  Jenny Lam Vice-President Corporate Communications Pidemco Land Jeanne Wong Senior Manager Corporate Communications DBS Land WE refer to Chan Weng Kee's letter ("How does DBS Land merger create value?", Mailbag, July 18). We thank Mr Chan for sharing his views on the proposed
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    • 376 9  -  Narayana Narayana Singapore via Internet I REFER to your report "SGX takes steps to fight last-minute index rigging" (BT, July 14). It says that "the pre-open routine" from Aug 21 onwards will last from 8.30 to 8.59 am during which orders can be
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    • 363 9  -  Marc Goldstein Senior Analyst, Global Research Dept Institutional Shareholder Services via Internet THIS is in response to Serena Ng's article "STE snag may be due to worry over directors' independence" (BT, July 15). The article speculates as to the reason or reasons why minority
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  • Page 9 Advertisements
    • 407 9 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Vmes 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
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  • e-NEWS
    • 688 10  -  FAST Frontline Technologies has set aside one-fifth of vendor shares for employee share options after the proposed listing this year By Andrew Wee STEVE Ting isn't simply paying lip service to his staff when he tells you he values them as much as the hottest
      ARTHUR LEE  -  688 words
    • 423 11 LONDON It becomes the third biggest Net services company in Europe Reuters BRITAIN'S Cable Wireless yesterday said it had bought another five Internet firms in Europe for US$lOO million (Ssl74 million), making it the third biggest Internet services company on the
      Reuters  -  423 words
    • 531 11 LONDON Survey shows famous Old Economy names making way for those of the new FT COCA-COLA is about to lose its status as the world's most valuable brand to Microsoft, a study was to show later yesterday. The survey points to a
      FT  -  531 words
    • eBriefs
      • 143 11 Bloomberg [WASHINGTON] Computer Associates International followed Charles Wang's pay package of US$655 million (551.14 billion) in 1999, the biggest in the US that year, with US$l3 million in cash and stock this year, plus options possibly worth US$B2.4 million. The No 4 US software
        Bloomberg  -  143 words
      • 80 11 AFP [HONGKONG] Phoenix Net Ltd yesterday said it is to provide satellite broadband video services in the Asia-Pacific with Yahoo Hongkong. The link up between Phoenix Net and Yahoo Hongkong will allow the distribution of broadcast content to Internet service providers (ISPs) through Phoenix Net's
        AFP  -  80 words
      • 86 11 Bloomberg [AMSTERDAM] ABN Amro Holding, the largest Dutch bank, said it signed an agreement with Royal KPN NV, the largest Dutch telephone company, to offer financial services over the Internet in Europe. Each company will own 50 per cent of the new venture, called
        Bloomberg  -  86 words
      • 72 11 Reuters INhw YORK] Morgan Stanley Dean Witter Internet infrastructure analyst Jeffrey Camp was ranked by First Call/Thomson Financial as the most widely read Wall Street analyst in the second quarter, according to First Call/Thomson Financial. Mr Camp unseated the better-known Henry Blodget, Merrill Lynch's
        Reuters  -  72 words
      • 60 11 AFP [BOMBAY] US-based Internet communications, commerce and media company Lycos Inc yesterday announced the launch of its India portal in English and Hindi. The website www.lycosasia.co.in aims to offer highly localised content, said Mary Ong, chief executive officer of Lycos Asia. "We are poised to become
        AFP  -  60 words
      • 85 11 Bloomberg [SCHAUMBURG, Illinois] Motorola Inc said it is splitting its Internet Protocol Network Systems division into five units to better focus on one of its fastest-growing parts businesses. The separate units include Cable Modems, which makes devices that allow high-speed Internet access over TV cable;
        Bloomberg  -  85 words
    • 522 11 LONDON Reuters, Bloomberg TROUBLED Dutch software company Baan said yesterday that it lost more in 1999 than previously reported and its survival depended on a takeover offer by Britain's Invensys pic. A failure of the 762 million euros (Ssl.2 billion)
      Reuters,; Bloomberg  -  522 words
    • 472 11 NEWYORK Books will soon be sold in component parts on the Net NYT THE Frommer's guide to France may be made up of chapters and maps, but most readers know it as an indivisible and coherent whole: a book. This fall, that
      NYT  -  472 words
    • 320 11 NEW YORK Reuters CITIGROUP Inc and America Online Inc yesterday said they formed a multi-year pact to join the financial firm's payment and money transfer infrastructure with AOL, making it easier for users to make payments online. The companies will make Citigroup's payments programme an
      Reuters  -  320 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 41 11 I iafca«— ftatoa Irtwufc C>yTMD I I Visit OCRA^lflnUfv^inhor^orop!ln!#^rS»tt^l^ NEW PARK Health Centre H Individual room with New Parte Centra Hotel *****33 Tel: 299 9389 299 4698 Business Hours :10am ■fanhelaobao Stocks upbyovor at Shanghai baurse in first half-year i«-tL^gfc -taiflß
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  • EDITORIAL & opinion
    • 758 12  -  mi\\4 bottom line OPINION reginald dale The writer is a columnist with the International Herald Tribune, where this commentary first appeared ONE of the most depressing features of international trade negotiations is the perennial feuding between the United States and the European Union
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    • 98 12 'I surf more in the Atlantic than on the Internet I am waiting till I am no longer prime minister to get into it' Lionel Jospin French prime minister, on the Internet. 4 You might be in power today, but power is temporary. Justice is permanent.' Snlafmaw
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    • 614 12 EDITORIAL HOW good is stockbroking research in Singapore? Is there always a disproportionate number of buy versus sell orders? Is there a heavy reliance on rumour and speculation instead of highqualify research? Are portions of the market such as Sesdaq not covered by many houses? The
      614 words
    • 980 12  -  The authorised distributor who develops the market has ways to connter parallel importers By\ Lee Khai Sheang, Lim Guan Hua, Tan Soo Jiuan The writers are associate professors at the National University of Singapore Business School PARALLEL importing occurs when authentic
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    • 929 12 Lebanon left behind IN THE 1950s and '60s, Lebanon played a unique role in the Arab East. Lebanon's fast entrepreneurial software served as a critical bridge between the Arabs and the world. But in the age of globalisation, just being fast isn't enough. You also need
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  • MALAYSIA news
    • 452 13 KUALA LUMPUR DRB-Hicom and Oriental to take 51%; domestic, export markets targeted Bernama MALAYSIAN parties would hold the majority 51 per cent stake in the proposed tie-up between Honda Motor Co Ltd of Japan, DRB-Hicom Bhd and Oriental Holdings Bhd, industry
      Bernama  -  452 words
    • 264 13 KUALA LUMPUR Reuters, AFP MALAYSIAN aviation firm Naluri Bhd said yesterday it was not in discussions with any party on plans to sell a stake in its 29 per cent associate Malaysian Airline System Bhd (MAS). Media reports on Monday said
      Reuters,; AFP  -  264 words
    • 63 13 [KUALA LUMPUR) Panasonic product manager Abdul Rahman pouring water on to the new Panasonic Toughbook laptop computer in a demonstration to visitors at the Multimedia Expo 2000 in Kuala Lumpur yesterday. The Toughbook casing, made of durable strong magnesium alloy, assures superior resistance to
      AP  -  63 words
    • MARKET moves
      • 116 13 GEMTECH Resources, controlled by businessman Tong Kooi Ong, was leading the day's gainers in morning trading yesterday, before shedding most of its gains to close only 10 sen up at RM8.50. Dealers said rumours of Gemtech consolidating Mr Tong's media interests and making a bid for one
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      • 197 13 STOCKS of Malaysia Airlines Bhd (MAS), Naluri, and Technology Resources Industries were active yesterday as the market continued to speculate on a possible sale of MAS shares. While Australia'a Qantas Airways has been named by local papers as a possible buyer of the shares
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      • 99 13  -  Compiled by I Diana Oon Abdullah SHARES in Phileo Allied posted modest gains yesterday, a day after one of its substantial shareholders, Avenue Assets, explained its refusal to accept the terms of Phileo's merger agreement with Maybank. Avenue Assets alleged that Maybank's choice to conduct the
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    • 367 13 KUALA LUMPUR German insurer said to be finalising deal with Amsteel Corp AFP GERMAN insurance giant Allianz is finalising negotiations to take a controlling stake in Malaysian British Assurance, an official familiar with the talks said yesterday. "Negotiations have gone on for
      AFP  -  367 words
    • 182 13 UKUALA LUMPUR Reuters MALAYSIAN plantations and property group Kumpulan Guthrie Bhd said yesterday it has signed a deal with the government to build and manage a 25-km expressway in the Klang Valley, an area which includes Kuala Lumpur. Guthrie said the concession period to
      Reuters  -  182 words
  • Page 13 Advertisements
    • 99 13 MftgSVe Yourself A Break! Go To New Zealand For Only Return airfare to Auckland or Christchurch plus A 3N at Main Stay properties Terms and Conditions Fares valid for AM flight departure ex-Sin by 31 August Above promotional hotel must be utilised before 31 August, thereafter, jSXfr peak season su
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    • 422 13 Topics include: Topics include: Topics include: Sale of land with respect to zoning GST treatment on 'regulatory', Administrative waivers 'Non-regulatory', 'subsidised' fees concessions granted by IRAS to B Supply of residential cum commercial and grants financial institutions, including properties general misconceptions regarding GST treatment on donations in these waivers and
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  • REGIONAL news
    • 704 14 JAKARTA Unclear why family exempted as bank shareholders usually have to put np 20% Reuters THE founding family of Indonesia's scandal-plagued PT Bank Bali said yesterday they would not inject new funds into the bank as part of a government decision to
      Reuters  -  704 words
    • 38 14 [JAKARTA] Indonesian farmers shout during a rally outside of the parliament house in Jakarta yesterday. About 300 farmers demanded land reform and the return of farmland forcibly taken over by the Suharto-era government. AFP
      AFP  -  38 words
    • 146 14 MANILA AFX-Asia THE Philippine Department of Justice has summoned BW Resource Corp majority shareholder Dante Tan, 37 individuals and eight brokerages accused by the Securities and Exchange Commission of committing illegal trading practices involving BW shares, Justice Secretary Artemio Tuquero said. He said those involved
      AFX-Asia  -  146 words
    • 242 14 JAKARTA AP THE head of the International Monetary Fund in Indonesia said yesterday that President Abdurrahman Wahid s government has almost fulfilled all reforms mandated by their latest letter of intent. John Dodsworth, the fund's representative in Jakarta. said he expects the reforms to
      AP  -  242 words
    • NOTEBook
      • 70 14 AFX Asia [JAKARTA] PT Semen Cibinong has admitted that it has bank deposits in the Cayman Islands, as well as a large amount of debt, The Observer reported. It quoted Yose Rizal of the Jakarta Stock Exchange as saying that Semen Cibinong was questioned
        AFX Asia  -  70 words
      • 60 14 Reuters [JAKARTA] Indonesia's Supreme Audit Agency (BPK) yesterday said it had found 209.4 trillion ruplah (5538.9 billion) of state funds unaccounted for, most of it intended for use to shore up shaky banks under former president Suharto. The audit found 204.7 trillion rupiah of the
        Reuters  -  60 words
      • 62 14 AP [JAKARTA] Indonesia's attorney-general said former president Suharto must appear in court personally when his corruption trial starts next month. The Jakarta Post said yesterday. "If Suharto cannot attend the trial because of illness or other factors, then the trial will have to be
        AP  -  62 words
      • 41 14 Reuters [JAKARTA] Indonesia's Golkar party will formally rebuke President Abdurrahman Wahid over his running of the country when the president accounts for his first year in office next month, Golkar deputy chairman Aulia Rachman said yesterday. Reuters
        Reuters  -  41 words
    • 339 15 MANILA Reuters THE Philippines yesterday said its trade surplus reached U551,365 billion (552.38 billion) in the first five months of the year from US$5OO million in the same 1999 period, but analysts said falling imports indicated a slowing economy. In May
      Reuters  -  339 words
    • 678 15  -  Fjjcomment ASEAN Coming meeting will be timely platform to regain lost ground yang razali kassim IN the run-up to next week's annual Asean meeting with its key trading and security partners, the United States has normalised its long-suspended trade relations with Vietnam. President Clinton said
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    • 386 15 BEIJING Targeting at high-growth firms, it is likely to be in Shenzhen and trade in local currency FT CHINA has ordered that a junior stock market for highgrowth companies be launched by the end of the year, heralding a new dawn for private enterprise and an
      FT  -  386 words
    • 361 16 AP [HONGKONG) The tycoon who has controlled Macau's lucrative casino trade for nearly four decades will be stripped of his monopoly next year, opening the way for competition in the tiny gambling haven, a Hongkong newspaper reported yesterday. Stanley Ho had hoped
      AP; FILE PHOTO  -  361 words
    • 667 16 BEIJING Growth momentum likely to be maintained in second half of the year Bloomberg CHINA'S economic growth accelerated in the first half of the year and consumer prices snapped a two-year decline as exports grew by more than a third and
      Bloomberg  -  667 words
    • 236 16 HONGKONG Bloomberg CHINA Broadband Corp, a cable television company, agreed to acquire a 67 per cent stake in Chinese rival CVN Group Inc for US$l.7 billion (552.9 billion), mostly in new stock. China Broadband shares rose 54 per cent in the US. The
      Bloomberg  -  236 words
  • Page 14 Advertisements
    • 228 14 fflhl .a?>. .C !jf? v -£->"'■ J V.;. v.. --L ~*r* M W-jn&f^^^y^g'X'j^SgjafcacraßfcqPSffßte'jiig^yj-ffi PISi < 4 &R I Many people like the safety of savings. But their slow growth means it's unlikely to develop a balanced investment portfolio designed to create lasting, long-term you'll achieve your financial goals. Others prefer
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  • Page 15 Advertisements
    • 11 15 Japan, N Korea may call for talks to resume, Pg 17
      11 words
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  • Page 16 Advertisements
    • 317 16 P7? MSSiS^^s? e,l^^6?.'/^- A rare opportunity to join the Jurong Island success story Join the world s petrochemical Creating an Integrated giants on Jurong Island Chemical Logistics Hub j Companies like Celanese, Chevron, DuPont, The 80 ha Chemical Logistics Hub Vg v I ExxonMobil, Lonza, Mitsui, Shell and on j
      317 words

  • WORLD news
    • 464 17 NEW YORK Analysts says data not enongh for Fed to raise rates in Aug; Dow, Nasdaq down Bloomberg, Reuters, AFX THE overall cost of living for US consumers in June increased more than markets anticipated, yet the core rate
      Bloomberg,; Reuters,; AFX  -  464 words
    • 425 17 WASHINGTON The lender will not try to reform every aspect of a country Reuters THE International Monetary Fund wound up two days of closed-door talks with a promise to streamline the conditions underpinning its loans and new pledges not to neglect
      Reuters  -  425 words
    • 493 17  -  Tories dismiss spending, largest since World War n, as a splurge which will lead to tax increases Front Neil Behrmann in l/ntdon BRITISH Chancellor Gordon Brown is embarking on a pre-election spending pro gramme of around £43 billion (Ssl 11.8 billion), aimed mainly
      493 words
    • 315 17 TOKYO AFP JAPANESE real estate developer Seiyo Corp collapsed yesterday with US$5 billion (SsB.7 billion) in liabilities, the latest victim of the speculative "bubble economy" boom of the late 1980s. The collapse will have far-reach-ing consequences for the Saison group of companies,
      AFP; REUTERS  -  315 words
    • 382 17  -  From, Anthony Rowley in loxyo MOVES to resume suspended offi cial talks on establishing normal diplomatic relations between Japan and North Korea are expected to be announced after Japanese foreign minister Yohei Kono meets his North Korean counterpart in
      382 words
    • COMPANYResults
      • 76 17 Reuters [DETROIT] General Motors Corp yesterday reported record second-quarter profits of US$l.75 billion (Ss3 billion), topping Wall Street estimates even as its automotive earnings slipped against strong year-ago results. Profits from continuing operations climbed to a record U552.93 per diluted share from U552.66 per
        Reuters  -  76 words
      • 97 17 Reuters V* i univj merrui L.yncn at ka), me inu i u» Dronerage, yesterday posted a 34 per cent increase in earnings, on a rise in investment banking fees and profits from managing money for investors. Merrill earned US$9O2 million (511.57 billion), or US$2.Ol
        Reuters  -  97 words
      • 73 17 Bloomberg [AMSTERDAM] Royal Philips Electronics, Europe's second largest semiconductor maker, said second-quarter profit more than doubled on soaring demand for chips to power mobile phones and rising consumer electronics sales. Profit excluding a gain rose to 699 million euros (551.14 billion), or 0.52 euro
        Bloomberg  -  73 words
      • 77 17 Bloomberg [PARIS] STMicroelectronics, Europe s biggest chipmaker, said second-quarter profit more than doubled on higher sales to makers of products such as mobile phones, pocket organisers and digital cameras. Net income rose to U*****.5 million (*****.5 million), or 37 cents a diluted share, from U*****.5 million,
        Bloomberg  -  77 words
    • 547 18 Lower commissions, electronic communications systems feeding demand Bloomberg [WASHINGTON] The Nasdaq Stock Market said trading increased 71 per cent in the year's first half, led by trades in Cisco Systems Inc and other technology companies. The number of shares changing
      Bloomberg; Source: Bloomberg  -  547 words
    • 419 19 NEW YORK It joins new trend of banks taking loans and securities off balance sheet FT BANK of America has joined the parade of formerly fastgrowing US banks that are now shedding assets. It said on Monday that it would
      FT  -  419 words
    • 285 19 LONDON FT GERMANY'S banking watchdog has thrown merger talks between Dresdner Bank and Commerzbank into confusion by rendering Commerzbank's biggest shareholder powerless to influence the outcome. The Bundesaufsichtsamt fur das Kreditwesen has barred Cobra from exercising voting rights on its 17 per cent stake.
      FT  -  285 words
    • 293 19 MELBOURNE It is reshaping itself as a niche player with e-commerce-linked growth businesses Reuters AUSTRALIA and New Zealand Banking Group Ltd (ANZ) turned its back on the search for size yesterday, with Australia's fourth largest bank now pinning its hopes on better returns as
      Reuters  -  293 words
    • 726 19  -  Hotels cut prices and add extras to spur business in a slow period, says Gillian Upton Gillian Upton FT [LONDON] IMAGINE languishing in a junior suite in the deluxe Pan Pacific Hotel in Bangkok for only US$l75 (*****.5) a night. It is a five-star, centrally located
      FT  -  726 words
  • Page 17 Advertisements
    • 31 17 VII sg.sports.com Singapore's eyes and ears at the 2000 »«.(*< .oy«t»v n ||jj|} Golf at sg.sports.com News, Reviews, Statistics, Interviews, Equipment, Pro Tips, Asian Destinations Sy SpOmESm GOMtl asiacontent.com —i—l.—iL-.■, s ..-y
      31 words

  • Page 18 Advertisements
    • 1981 18 NOTICES ""^^7dverlisr^ainoiiTeriBoo*747lBB7»T37No^4n29Bj NOTICE IS HEREBY GIVEN that I, NG SIU CHING of Blk 304 Ang Mo KioAve 1 *08-1135 Singapore *****4, have applied for a Beer House, (outdoor beer stall) Licence in respect of M/s Qin Hua Ying Ka Fei Shi located at Blk 320 Shunfu Road #02-23 Singapore *****0,
      1,981 words
    • 897 18 NOTICE NOTICE IS HEREBY GIVEN that. I TAN PECK KIM of 823 Old Holland Road, Singapore *****1, have applied for a WHOLESALE LIQUOR SHOP LICENCE in respect of M/S ORCHARD LEASING (PTE) LTD located at 895 A Bukit Timah Road, Singapore *****6, and that this application will be considered by
      897 words

  • Page 19 Advertisements
    • 110 19 The Language Centre jpSfc Singapore Chinese Chamber Institute of Business 1 -5^9The Premier Institute for Chinese Studies conducts these courses: (For non-Chinese speakers) Level 1: 02 Aug to 20 Sept (Wed Fri) 7pm to 9.30pm T 15 Aug to 28 Sept (Tue Thur) 7pm to 9.30pm Level 2: 21 Aug
      110 words
    • 522 19 I Adnan Buyung Nasution Partners I ADVOCATES AND COUNSELORS AT LAW I HI Wisma Danamon Aetna Life, 18th Floor, Jl. Jend. Sudirman Kav. 45-46 I Jakarta *****, INDONESIA H HI For and on behalf of Mr. Didi Dawis, entrepreneur, having his address at Jl. Suryopranoto No. 67A, Jakarta *****, Indonesia,
      522 words

  • FINANCE & commodities
    • 326 20  -  SGX Derivatives Tradingßeports ST lnde*/MS& STpore Index Chan Yet San Refco Singapore SINGAPORE stocks closed mixed yesterday in a slow session for index counters. The Straits Times Index ended just a tad lower with a loss of 1.47 points or 0.07 per cent at
      326 words
    • 224 20  -  MSCI Taiwan Index Chan Yet San Refco Singapore TAIWAN stocks lowered yesterday after four days of gains. The MSCI Taiwan Index gave up 8.86 points or 2.34 per cent to 369.67 points. Volume of index component counters was about average at 736.92 million shares
      224 words
    • 180 20 ENERGY REPORT Reuters [LONDON] World oil markets were thrown into fresh confusion yesterday after Opec headquarters said prices had fallen below the cartel's US$2B threshold for releasing extra crude. Opec's Vienna secretariat said the price for a basket of its crudes, the benchmark for triggering more
      Reuters  -  180 words
    • 322 20 Reuters London THE yen rallied yesterday amid expectations of a nearterm end to Japan's zero interest rate policy, while the euro failed to find support from stronger than expected euro-zone inflation. The yen recovered one yen from six-week lows against the US dollar set on Monday after the
      Reuters  -  322 words
    • Article, Illustration
      1353 20 nTTERBAMK CROSS RATES J ul ]s AS C$ Bint Euro Ffr Dm HKS Ind Bs Bupiah Y»n Won BM NZ$ Pak Rs Peso S$ Band Sir HT$ Bafat Powd US$ Australia 0.866 4.852 0.625 4.097 1.222 4.557 26.152 54.768 0.630 6.509 2.221 1.272 30.566 26.037 1.021 4.036 0.968 18 096
      1,353 words
    • 1965 20 SICOM FUTURES Juli8 RUBBER (futures dosing as at 5.30ptn) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 00 112.50 Sep 00 116.75 400 Oct 00 118.00 Nov 00 118.75 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Aug 00 64.50
      1,965 words

  • STOCKS east asia
    • 2857 21 HONGKONG AFP Han* Seng -393.95 SHARE prices in Hongkong closed 2.2 per cent lower yesterday with late-session selling focused on China Mobile, financial stocks and properties after their recent gains, dealers said. They said sentiment turned cautious ahead of the release of US inflation
      AFP  -  2,857 words
    • Article, Illustration
      1052 21 Reuters C. Shenzhen B Index +OJ7 CHINA'S hard currency B shares closed higher yesterday, boosted by positive economic data and strong A shares. However, prospects of lacklustre mid-year company results continued to weigh on the market. The Shanghai B Share Index recorded a new intraday peak for the year
      Reuters  -  1,052 words
    • 378 21 AFP IJ WP Index -216.74 TAIWAN share prices closed 2.5 per cent lower yesterday as investors locked in profits, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 216.74 points to 8,368.78, following a 0.8 per cent rise in the previous session. The sell-off was also triggered by
      AFP  -  378 words
    • 2008 21 TOKYO AFP Q Nikkei 225 -341.76 SHARE prices in Tokyo fell 2 per cent yesterday on persistent fears of more business failures following the collapse of Japanese department store chain Sogo. brokers said. Investors also took profits on the previous day's rally, which
      AFP  -  2,008 words
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  • STOCKS klse
    • 8274 22 INDUSTRIALS C8®s®bhc products 2000 Last Vol Day Nat Cap HN> L—f Company 81» "OOP Hl|fc La» +tl $mM 420 310 *(lnomolo 356 -4 2 356 356 19.5 144.3 158 62 Angkasa 77 I 29 77 76 113.5 670 290 Apotio Food Hlg 480 10 4 192.0 3350 2700 BAT 50c
      8,274 words
    • 443 22 AFP Q Composite Index -&30 MALAYSIAN shares ended one per cent down yesterday on selling of select blue chips and amid weakness in regional markets. The Kuala Lumpur Stock Exchange Composite Index finished down 8.30 points at 838.03. The Second Board Index
      AFP  -  443 words
  • Page 22 Advertisements
    • 22 22 GET THE ONE THAT FITS! Multi-skilled worker, aspiring leader, all-rounder, star performer... Find the right staff through The Straits Times Recruit. 1800-741-1883
      22 words

  • SGX clob & regional stocks
    • 3192 23 BONDS A WARRANTS r U* M 0* UtfO-te S2c- U. l S£ C W. (too. N« I- fcy w* S tm 5, „5 5 1 Acma ******4 19 onth 292 20 19 19 19 5 20 410 I mo ito a »i 38 7.5 s AIITech ******7 7.5 unch 2
      3,192 words
    • Article, Illustration
      781 23 AFP Q SET Index -2J9 THAI share prices closed 0.7 per cent lower yesterday with the weaker baht setting the market tone as players trickled back from a three-day holiday weekend, analysts said. The Stock Exchange of Thailand (SET) Index shed 2.19 points to end at 313.39. "The weaker
      AFP  -  781 words
    • 292 23 AFP Q Composite Index -17.75 PHILIPPINE shares fell 1.2 per cent yesterday on weak trade figures, brokers said, with the Composite Index shedding 17.75 points to 1,528.85. Turnover rose to 1.92 billion shares worth 704 million pesos, compared to 1.22 billion shares worth 609 million pesos on Monday. AFP
      AFP  -  292 words
    • Article, Illustration
      701 23 AFP Q Composite Index *0.24 JAKARTA shares closed 0.05 per cent higher yesterday in thin, range-bound trade, with sentiment remaining cautious despite recent good news, dealers said. The strengthening of the rupiah and news that Indonesia may comply with all the requirements in its letter of intent with the
      AFP  -  701 words
    • 273 23 AFP QNZSE-40 +23.60 NEW Zealand stocks closed up one per cent yesterday as increased offshore interest helped leaders rebound, dealers said. The benchmark NZSE-40 Capital Index finished 23.60 points higher at 2,139.53. Turnover amounted to NZ$B5.5 million. —AFP MM W *h (HB Advantage MDS -2.70 -0.05 86 Air NZ
      AFP  -  273 words
    • 565 23 AFP n All Ordinaries -12.70 AUSTRALIAN shares sank 0.4 per cent yesterday as key blue chips took a rest in a market lacking direction from overseas, brokers said. The All Ordinaries Index closed down 12.70 points at 3,260.30 while the SP/ASX2OO fell 12.80 points to 3,300.60. Preliminary national turnover
      AFP  -  565 words
    • 313 23 Q Composite Index -15.62 SOUTH Korea's Composite Index yesterday closed down 15.62 points at 812.33. Volume came to 314.7 million shares worth 2.2 trillion won. —AFP M* Mom Anam S»mi ***** -550 Brain T *ch 90S -35 Central Ban* 995 -120 Choil Comm *****0 7500 0 aa Cu Bank
      313 words
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  • Page 24 Advertisements
    • 644 24 y |SS l 6^ e I oBB Times Gianfranco Ferre Citibank Ready Gianfranco Ferre Gianfranco Ferre 1 lr^ Gianfranco Ferre desk lop clock B Gianfranco Ferre photo frame ™**i 1 KrjjuJJ >/ 1 v-.'j. ";'">. v r ■v > j J 'i J r 'J News you can use. g/
      644 words

  • 9891 25 awxa i kssmm ■> Trr r~ i j- ijnif irpwinwrMwwiwMwmiiw« n ir iimn m wn bi u,i <■ pww SGX MAXMBOARO Transaction date: Jul 18 Or Cr M Wl 32-Wk List Vol Day Ltd Ouote Dtv Dtv YM Nat Cap Avg Hkjh Law Company Sate COOO) Hl«h Law
    9,891 words
  • Page 25 Advertisements

  • MONEY matters
    • 811 26  -  l-j t comment CURRENCIES Possible US$ break-out versus yen and euro will limit regional recovery larry wee THE Indonesian rupiah's sharp recovery of almost 3 per cent yesterday after yet another horrible week has bought some welcome reprieve for regional currencies, but this may
      Source: Reuters; Source: Hypovereinsbank  -  811 words
    • 413 26 THE overall impact of China's impending WTO entry is positive. China will become anchored into a rule-based international trading system, with recourse to dispute settlement And geo-politically it is a victory for China's reformists, which should mean greater globalisation and
      413 words
    • 631 26 OUR latest market survey showed a preponderance of US dollar bulls for both the week and month. The yen, for example, is expected to lose further ground, while political aggravation remains the main bug-bear for the rupiah and the peso. Such regional weakness can
      631 words
  • Page 26 Advertisements
    • 73 26 r world trade centre I I #iIJUk I JSSL Hie only exhibition that showcases I K jP/ I Experience first hand the excellent quality of W\ H our Indonesian products at manut^tultrs I pnces To see em V° u must v s '^o n esia V VI J Don't wait
      73 words

  • Page 27 Advertisements
    • 682 27 Where to wine, dine and entertain..rt(»>asa f Savour the distinctive mix of fla and tastes of Singapore. fl Feast on the exciting spread of JT local dishes we have for you such as Nasi Lemak, Tauhu Goreng, Tandoori Fish etc. Do expect a change in our daily menu. Price mijcct
      682 words
    • 154 27 r f 'Lm: Savour local fare I and our award-winning Chatterbox Chicken Rice Wc arc open 24 hours daily in ease roii have not eaten yet. j Enquiries: 831 6291 *YET> Majtlarut —i 3 Onrturd Ro*d. Soum *****7 M: 7)7 4411 Fax: 732 2)61 lu*ck WlfU o*\g cov*M>)iv*\gHf#iry $o£+ >rtnU.
      154 words
  • Page 27 Miscellaneous
    • 906 27 Central 4.30 Cinema, Cinema. 5.10 Love At Last. 12.02 AM One Hour News 1 90# B,uesClu« Cen ral ¥'Et c£'#Japan2ooo. W I SW M £5 iuss a ,r ,ime lu w ine Aaventures Ul Pad 5.30 Sabrina The Teenage s3fl Tirai Wamfa iv,n p„ IHk. dington Bear witch (Last Hp).
      906 words
    • 267 27 CRYPTIC CROSSWORD ACROSS opposition (4) 1 Environmentalists urban pre- ®It s remote and icy (7) cinct a verdant area (10) 7 A westerner losing nothing by 9 The worst element can always chance (10) rise to the top (4) Making a minister sob as drama 10 Deny cast is involved
      267 words

  • SPORTS people
    • 771 28 If he wins at St Andrews, he would become the first person to win the career Grand Slam by age 24 NYT Tiger woods knows golf history He knows golf has been played at St Andrews. Scotland, for centuries. He knows he
      NYT; REUTERS  -  771 words
  • Page 28 Advertisements

  • SHIPPING TIMES
    • 280 29 Reuters PANAMAX shipping rates continue to defy normal seasonal softness, brokers said on Monday. "Rates have increased across the board along with earnings," broker Clarksons said in a report that said falling bunker prices were boosting profits for shipowners. "The summer lull hoped for by charterers may well
      Reuters  -  280 words
    • 303 29 MX '000 JIM ss w C«VT Distribution 0.81 unch SO Chuan Hup 0.39 unch 910 Cosco Invastmant Oil 0.01 1110 Fralght Links 0.22 -0.01 337 GB Holdings 0.65 -0.02 26 Hal Sun Hup 0.38 -0.01 317 IMC HoidtaQS-HK .....5.60 unch 0 Jaya Holdings 0.18 0.01 726 KappalCorp 4.06
      303 words
    • 556 29  -  From Aug 15, minimnm freight rate of US$2BO per TEU will be imposed By\ Donald Urquhart [SINGAPORE] The first round of rate increases under the Asia Feeder Discussion Group (AFDG) was announced on Monday by the group's Calcutta Feeder Operators (CALFO) committee.
      556 words
    • 10 29 Sf g *r? T^jfj^^^rnfrwYfIffr y fcl AP
      AP  -  10 words
    • 918 29  -  STRAIT TALE By I Seafarer IT is with some reluctance that the attention of this column is yet again turning to reaction to the Erika tanker accident and the consequent EurOPA proposals mooted by the European Commission (EC). For the first time,
      918 words
    • 293 29 Decision reflects continuing low valuations of crnise companies in US Reuters [LONDON] British shipping company P&O and Festival Cruises have decided not to pursue the merger of their cruise businesses due to the continuing low valuations of cruise companies in the United States
      Reuters  -  293 words
    • 263 29  -  From\ Rajendra Bajpai in New Delhi AN agreement on a land-sea corridor linking India and Russia via Iran and Oman is expected to be signed by September ahead of a proposed visit of Russian President, Vladimir Putin, to India in
      263 words
    • SHIPPINGS websites
      • 1125 30 Website for cargo rates receives patent to a business method, but its validity may yet be tested in court NYT [NEW YORK] PATENTED Internet business methods are being questioned in the cargo shipping business following the emergence of a spate of dotcom companies claiming exclusivity
        NYT; FILE PHOTO  -  1,125 words
    • 316 30 PAGE ECU Line 6 ANL 3 ESP Lines 13 Accord 8 Ewywn Ahrenkiel 14 FoongSwi 8 Appenship 5 Frt Links 14 AsiaOCL 13 6 Link 4 Assets 8 Gemartrans 6 Austral 8 Genshpg 13 Avant 14 Global 13 B'tang Mas 8 Glory Nav 14 BSA 7 Hangli
      316 words
    • 20197 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT tIA ETA Advertiser Veiiel Voyage Telephone ETA ETA Advertiser Vessel Vo,age Telephone SIN Dest n Name Name Number Number SIN Dest'n Name Name Number Numbei 02/06 12/06 NYK P 4 0 NEDLLOYD LYT 0234 6******23 TO ABIDJAN (ABJ) 2003 Cote D'lvoire 02/06 17/0a Austral CAPE
      20,197 words
    • SHIPS IN PORT
      • 688 43 Vessel Voy No Berth Arrival Departure J 1 *23 J06 18/07/4:15 19/07/600 SVtKf? 450M8 JO W07/605 18/07/19:00 ***** J 01 18/07/8:20 18/07/14:00 «Mf Pert OVOO J12 18/07/6:55 18/07/17:00 C Cowttfidgt *****4 JI7 >8/07/805 19/07/5 00 23 J02 18/07/8:10 19/07/6:30 Bt Mas Indafi ***** J01 18/07/10:00 18/07/2000 23SO 103
        688 words
      • 1904 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklnq/Boltnce Rstls Voy Mo Etb/Btr Period From To From ACJ fAUOtt 0028 11/1400 M 17/1500 If MM IT/1900 a 17mo a/0651 a/0100 M 17/1700 a/0659 16/0400 J a/0700 wm a/vtoo a/1200 18/1459 W/I700 UU£ ovw H/il H a 17/1500 I7/M9I
        1,904 words
      • 185 43 Jul 20 Japan: Marine Day. Ang9 Singapore: National Day. Aa|l2 Thailand: HM The Queen's Birthday. Ang 15 Germany: Assumption Day. Korea: Liberation Day. An* 17 Indonesia: Independence Day. Ang27 Philippines: National Heroes Day. Ang 28 United Kingdom: Summer Bank Holiday. Aug 31 Malaysia: National Day. Sep 12 Korea:
        185 words
      • 756 43 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
        756 words
      • 403 43 u u ~7*" 180 990.8 0.5 18.9 0.08 78 0 04 iU2 Pmftr W*tf twMw Art Al—tatoi Si*«iiit No rtovt £25 0 0 4 0 0 0 %h/h 380 Ave 986.4 0.2 0.4 0.06 43 002 "A" »*> C35 m I 0 "f l$0/CWMC S *0
        403 words
    • AIR & LAND transport
      • 637 44 US planemaker faces challenge of trying to get more ont of a shrinking workforce Reuters [SEATTLE] The bumpy ride for Boeing Co investors is entering its fourth year amid signs the turbulence is easing, though analysts say the aerospace giant's
        Reuters  -  637 words
      • 95 44 AP [MANILA] Philippine Airlines (PAL) said it has resumed flights to southern Cotabato City. The flights were suspended in May because of fighting between soldiers and separatist Moro Islamic Liberation Front guerillas near the airport. Rene Solomon, a spokesman for PAL, said that several unexploded
        AP  -  95 words
      • 105 44 [BALTIMORE] (From left) Bernie Cahil, chairman ofAer Lingus; Sean O 'Huiginn, Ambassador of Ireland to the US; Baltimore Mayor Martin Malley; Mary O'Rourke, Irish Minister for Public Enterprise; Maryland Governor Parris Glendening; Senator Paul Sar banes and Rodney Slater, US Secretary of Transportation at a welcoming ceremony
        AP  -  105 words
      • 350 44 Parliament paves way for national carrier's privatisation AFP [AMMAN] The Jordanian parliament scrapped the public status of the national carrier Royal Jordanian paving the way for its privatisation despite opposition from several lawmakers. "Before the vote, 17 deputies walked out of parliament to protest
        AFP  -  350 words
      • 232 44 AP [WASHINGTON] On the fourth anniversary of the crash of TWA Flight 800, two witnesses criticised investigators for doing too little to determine the source of a light they say they saw in the sky near the doomed plane. They speculated the light
        AP  -  232 words
      • 295 44 Top management changes may mean a review of plan AFP [TAIPEI] Plans by Taiwan's China Airlines (CAL) to acquire a stake in a Chinese cargo-only airliner could be delayed by management changes at CAL, the company said. CAL spoksman Scott Shih
        AFP  -  295 words
      • 1936 44 CITY FLIGHT ETA fUGHT ETD IMHi M8230 1850 WS0741 1310 VNS0742 0*5 LH6381 1850 S0VNT75 1830 S0VN176 1035 S0230 1850 ****** MIO kmttrfm KL0843 0*» KL0838 22S5 T640T 840 T6408 IMP S023 0645 N***** 2325 MM AY97 MS ATM 205 GA979 1035 S0328 2325 0HIM 88
        1,936 words
  • Page 29 Advertisements
    • 189 29 Shipping websites: Patents may not hold water Pag* 2 NOTICE OF RATE RESTORATION ON 1 AUGUST 2000 During May 2000, the Member Lines of Asia Westbound Rate Agreement (AWRA) issued a press announcement informing their customers in the Asia to North Europe Trade that as part of a rate restoration
      189 words

  • Page 30 Advertisements
    • 1267 30 1 NORTH AMERICA I EXPORT 1 I OTHER DESTINATIONS SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) wr maw HP aw iwma onus nohctow oncaco mwwm wncoon vissa I vot ill I pr.oumAil acuutu sAwiotaao cobnto pt cauba wmvHnwu OOaWTIM JSES3O 24/17 24/07
      1,267 words
    • 91 30 SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Hong Kong 4 AH CWiw Pgrf I EVERY THUR sun vessel yiliik VOI ETD SIN ETA TYO ETA KOt ETA YOK ETA NGO ETA OSA *«D TAKHUMG
      91 words
    • 726 30 Unes services represented by r Mem^ers °f Registry of Members of the Accredited Shipping Agents, Sin 9 a P° fe Logics Singapore Shipping Association Association gj| ULY UNE MALI vesscl Tvoy Tlw Tew eta P. KLANG STORE MALE Empress Lily VO6OO 16/07 18/07 25/07 Princess Lily VO5OO 06/08 10/08 17/08
      726 words

  • Page 31 Advertisements
    • 1151 31 TO EUROPE FROM EUROPE vot Mtiwiww»Mumia| [vessel voy I rim haw wrv sou Fn leh sw API AIMANOME 316W 20/07 12/08 09/08 10/01 07/0» MAAS 5371 25/06 27/0* 30/0* 01/07 >1/07 TYNI S3BW 21/07 o*/0l OS/0S 11/01 12/01 NOl AMAZWKTf 029E 01/07 21/06 29/0*24/07 20/07 Art AGATE 021W 24/07 11/08
      1,151 words
    • 1837 31 ©HANJIN SHIPPING IlkFl 6. Ms FWyt Lot Sdn *****30 "amjin shipping (S) m; itp <■« kxwwo *****3s 737 saus *****74 731 mqwhi *****/1 274 othutiows ?3?o?so ?si tuun lint *****55 fax s*l i« ano **********0** TO NW USA CANADA USA f "*™/W P® UMI HAUI/VOY SEA TT* KN m ol
      1,837 words
    • 453 31 rasa voy sin pkg voy sjw hkg na usw his vessel voy sh jkt sub MTtruvm 01 us ?i/Q7 n/o; 30/07 qi/m ot/oo ZiJZ =r ilwS IO2S 73/07 02/01 71/07 06/01 "ASOVIA 3S_ 73/07 7S/07 3S* 74/07 30/07 01/01 04/01 04/00 VOYISIH DIC MBO SHA U» HS« (MKUUAN OIOS 71/07
      453 words

  • Page 32 Advertisements
    • 1645 32 SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANS ANAPA SStL W" SIN LEH HT* I AMR HAM llflV IfU I KSSEI IvOY SM 6IT SPf FOJ VIC UTS PUSAN SENATOR 0014W 10.07 MM MM 17 MMM MM 10 00 PATHOS SENATOR OOttW 1107 MI7 DIM MM MM lilo HANJIN BREMEN NMW 7107
      1,645 words
    • 961 32 m. Am MAC-NELS S'PORE M'SIA Cairtw: MN COMTD UHES. MC M\y J •*>= 1*»57a0000« SJBU: (084) *****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P- KELANG: (03) *****77 JKT: (21) *****45 KUONNG (082) *****1-3 BARCELONA MV "NORASIA SHANGHAI" V.MW 333 ETA SIN: 21-7-2000 MV "NORASIA HONGKONG"
      961 words
    • 729 32 EXPRESS CONTAINER FEEDER FOR N SHEW (CFS MULUNO MUMBAICOLOMBO ALSO ACCEPTING TO AU. NORTHERN AND WESTERN I.C.D. POINTS V«««l SPORE N SHEVA COLOMBO PKLAMC CAPE CANAVERAL V I2CW 23 JUL 01 AUG (5 AUG 11 AUG TULSIOAS V.128 30 JUL 00 AUG 12 AUG 10 AUG CAPE CREUS VIIOW 06
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  • Page 33 Advertisements
    • 1698 33 IQVESSO- VOY HKO KHH SIN PKL DXI »A DAM OIK IRAN HOtMOZOAW PCI-163 14/07 16/07 20/07 22/07 30/07 STTO7 <»701 04/0« IRAN TEHRAN PCI-164 21/07 23/07 28/07 29/07 06/08 07/08 09/08 11/08 IRAN TAOATABAEI PCI-163 28/07 30/07 04/08 05/08 13/08 14/08 16/08 18/08 IRAN ISfAHAN PCI-166 04/08 06/08 11/08 12/08
      1,698 words
    • 985 33 nwsmnq 1 Jjr MtiCT TO COLOMBO I M 5 MYS I IYIKY Wi—KIAY J I GENERAL AGENTS IN SINGAPORE 80 ROiINSON RD TEL 226 1900 FAX: *****08 OUTWARD (B/L) COSTAR SHIPPING PTE LTD #12-00 SAUS/IRGS *****57/43 INWARD OEPT (0/0) ***** M COSTAR AGENCIES (M) SDN BHD CR WO: **********0 M
      985 words
    • 857 33 tutow iXPtgss sntvtci EXPONT TIMPOKT jwSsai—-f&rM, \JBL oik .K» I Jl> iJHfc lA' ii it 11IIjl Ii ill I ii it POHANCSBI I OHW |n/W 10>/W[l»/WiH/>»|H/WIH/W|U/W |IU COffMHAGtM 004( 03/01 05/00 07/01 10/00 17/06 TKANSPACffIC IBtVICg EXPORT IMPORT visa vot SM LG< oa *carms cmwxs »nun Tvor lm oak si
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  • Page 34 Advertisements
    • 567 34 export J vcsa/voTAGt iscr |im h»gTimpTih anw wv fl □BHHHB fUvT W 12/00; uj* lII® jSSO/oo fl LPauitiw-ou os/m 24/00 76/oo i Sfr-gg-jjg x/m 1 AISO ACOPTING CARGO TO AND FROM;- FNftAND, KNURR. SWHK*RUSSIA B INORWAT MiOniRRANSAN/BIACK SCA/EUROPC SBtVIOS I EXPORT 1 VBSa/VOTAg jsGP 100 YKN Oft MU RON OHV
      567 words
    • 380 34 IIXPORT VTSSa VOTAGI SGP CMR DM JOA AM DMN RAN KM NOT rUHE OIS6W 71/07 01/00 04/00 B ASSENT 0122-01W 2S/07 29/07 03/00 04/00 05/00 B U*m*)«Tol3S«lW 25/07 29/07 04/W 04/00 07/00 09/00 IINGHE 0176W 21/07 00/00 12/00 B AORIOT 0623-072W 31/07 04/00 09/00 10/00 11/00 UMASSURE 013W17W 01/0005/00 11/»-
      380 words
    • 734 34 f PACIFIC INTERNATIONAL UNES fPTB LTD "N I SSSSS^^^mIWB 140 Cecil Street, #03-00 PIL Building, Singapore *****0. CRNO **********06 I Ilvpsn ypT STP MB Wi M -a: ~r hi -a, v <-, ,ia na-^a LjutJ ii/i )"/> i»/i 83 11/ I I I ivtssa VOT _jto_ sw m m poe
      734 words
    • 385 34 50 TELOK OLANGAH ROM) M 2-02 CmPOffT CENTRE S PORE *****0 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR WO. **********0W *ssa wr ew eto destmoun NABUKWA mm 1M***** 1467,2M8 PKL BALAM OiAOUKWA 3V2000 2267M0 ZM7M MLEMOANGMIfTOK"PKL MLAM kaguri mam zynam a/nam mnmnManMrnm kaguri mm tumam mmtoo pontumm
      385 words

  • Page 35 Advertisements
    • 373 35 BSfl x Wok MYANMA pBHk FIVE STAR LINE (Myonmar Notional Lioe) 1 Loading for Yangon VESSEL VOY SIN PKL FEN PGU MAWUMYME WW SU> SAGAING MW SU) MALAYSIA AGENTS: lOUSIUO SHIPPING AGENCIES KUL m (03)*****00 PKL TIL (03)37*4101 PEN: TEL (04) *****02 PGU: TEL (07) *****21/4 BANK LINE (A service
      373 words
    • 1322 35 HYUNDAI MERCHANT MARINE CO., LTD. [VESSB VOY SM SOU I LBi IWM I ANT I HAM I BRV I VESSB I VOY I SOU I IB! RTM ANT HAW IWVISMI API ALMANDti 314W 20/07 07/08 12/08 09/08 10/08 NOLAMA2CMTE 0291 24/04 01/07 28/04 29/04 20/07 TYIR S3BW 21/07 11/08 12/08
      1,322 words
    • 768 35 vOtw WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CM *ORO HEAVY LIFT SERVICE" VESSEL VOY RAMP I HEIGHT I SIN lIK I MAO 1 «UA SAV Ml ORF NYC NEW |MM ITAUIOT AHOIS 400Toni 6.3 M 25/07 25/08 02/09 05/09 07/09 WvTTo/W 12/09 16/09 19/09 TAMPERE AHOI6 4001 MS 6.3
      768 words

  • Page 36 Advertisements
    • 1776 36 MNOKOMItf TA PHUT/LAMM CWAMNO JWMT/>/WMWQ WW 1 VQT lail Ml I I LCH vissa I vot 1 sw I «T rm jaiDiAieus ml nm mz mz_ mams 'jjff m 72/07 24/07 27/07 fl* 2AZQZ ™_Jl/2Z SZSZ mZ_ ows rfly -mm* IAZN 15ZSZ n/o; n/v nm nfiMw TZS KTO ZSSL AMAHIHUM'*
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  • Page 39 Advertisements
    • 52 39 •sS YANGON See Page S Daily See Pafe 14 COSTAR SHIPPING PTE LTD EAGLE CORPN. (PTE) LTD COCOS CHRISMAS ISLAND JAPAN DARTC^ WESTERN AUSTRALIA V flTfUl Vll I VII Turn to Page 8 Daily TURN TO Page 7 Jt, era ASSETS SHIPOWNERS MANAGERS PTE LTD NTL NAIGAI TRANS LINE (S)
      52 words

  • Page 40 Advertisements
    • 57 40 pgjL ffifoman, lues n i TiiTisrT^r vu VOL P«1 KI FHU na sin pamj pad IMI cut obi hou «o> «m GOfEN ISLAND 36 30/07 13/07 25/07 25/07 J7/07 01/01 I 07/0* IDI 71/01 I 01/09 01/09 07/00 00/00 SAW HOUSTON 01 21/00 07/00 11/00 10/00 11/00 22/00 1 23/00
      57 words
    • 43 40 jfftttk SINOKOR MERCHANT If®*' W, Mm htMM ***** Nrt Utmmm Dml Dnaa, Merita. MARINE CO 179 hktMtsiw/rm/tm tautOUZHUJ mnmb^M"»T cydadt FARWIDE SNIPPING AGENCIES PTE LTD EAPOKT M: 221-8422 (S Lines) Fmx: 226-ISM CT: CHOYANG PKL: POIT KUWG USN: ULSAW PUS: PUSAN KWT: KWAW6TAWO
      43 words
    • 45 40 SHIPPING WAREHOUSING lata: Singapore Loading Daily Man 10 Sa (BATAMLNTX) I/Ed) Aooepnng HClXaTvendonaW I rt>jecl/Heav\ Lift Cargo Reefer Conamer Biataa: Singapore Loading Mon. Wed &Fn (BATAMINDO IT) Accepting HTl>ConvenDonal/Project A Heavy Lift Cage Uk 227 0322 Fax: 222 9330 •niiiilmii Slrifftag Pta Ltd Mi m-sinnniifWM
      45 words

  • Page 41 Advertisements
    • 973 41 SSAMUDERA SHIPPING LINE LTD 72 Anson Rood, #06-01 to 03, Sinyaporo *****1 MAM LINE/OUTWARD; 532 3688 INWARD (WD): 437 2368 IMPORT STATUS (DID): 437 2371 INVENTORY (DID): 437 2420 Wobsito bttp://www.somudoro.coni (I NO. 1M*****000N (Celiq/Jessica/Mci Chan/Jeslynn/Dora/Yvonne/Hanim) E3ZHZMBBESEBM! 8 SLGS/WEEKLY QJSQQQIMH 3 SIGS/weekly VESSEL Wj! JAR VESSEL VOT SIM IKK fICH)
      973 words
    • 794 41 S»N TO SRI LANKA INDIA, CANADA, US/EC/GUIF, MEXICO untfiM MtKi /MM ft*__PPS_l <*« jKM HAL I MTL "TorT j SAY NEW TAW HOU HOCGH DTKt /0654 "nffi AAM J ZgL Jj/M /W ?>/W W/W W/ fl 11/10 15/10 22Z4L_24ZfflLJJifiLJtt/SLJI/8L _fiZ/flS_ -22/09 19/10 22/10 23/10 24/10 30/10 04/11 m/ 77 HOK*
      794 words
    • 193 41 VBSEL VOY EIAPGII DAY VOY ETA SIN MY niAUSIWI 7IS7S 17/07 "llO* 71S7M 11/07 TUE KUAiA SMK S liifTlW NED 715*" 20/07 TST ■MUMI Titos ~2M)7 THU TUOT 71/07 "ST~ KUAUSUJtI 7141S 72/07 Stf 7161* 22/07 W~ cmmi 7147S 73/07 SUM 7142* 74/07 MOIT *WUSI«I 7143S 74/07 MON 7UST 7SAI7
      193 words
    • 729 41 I \\ygm ENG lil SHIPPING CO PTE LTD I I I W: *****7S <* Uni| fat: 5330<3«/S32*9M I 1 LJ_ C« IU: 15l2t»OOOOOt I I vtssii vor sin eta sin no destination I UnyilJoyo 8/00 21/0/ 22/07 Duma %cwonc I Union Siar 3? 6/00 22/0/ 23/07 befcmn I UnonSttlO 6,1)0
      729 words

  • Page 42 Advertisements
    • 619 42 I VESSEL VOY SIN MAA SIN TIGER STAR 818 N. 21 22t>7 27 3007 04 06,08 TIGER RHYTHM 819N 31 03/08 08 0908 TIGER BRIDGE 820N 28 2ft"o7 03 06,08 11-12/08 TIGER METRO 821N 01-02/08 07 10*08 15-16^8 TIGER STAR 822N 04 05/08 10-1208 18-19/08 TIGER RHYTHM 823N 08 09/08
      619 words
    • 1197 42 FREIGHT LINKS EXPRESS Tel: *****11 Fax: *****77 E-mail: Flesin@singnet.com. sg DIRECT CONSOLIDATION SERVICE TO •OSAKA/NAGOYA *LAEM CHA BANG *LAE/PORT MORESBY •PASIR GUDANG -CEBU ADELAIDE/BRISBANE •TAICHUNG/KAOHSIUNG SHANGH AI/XINGANG «MAHE •INCHON HAIPHONG/PHNOM PENH YANGON •SEMARANG/BELAWAN SUVA/NOUMEA MALTA FOR BOOKING: *****51/3/6/60/61/62/67/68/69/79 PROJECT SHIPMENT HEAVYUFT CARGO Lawrence Lim *****78 lawrence@flesin.com.sg WAREHOUSING LOGISTIC SERVICES ENQUIRY
      1,197 words
    • 1200 42 For booking enquiry call *****80 vC\: Weksile: http://www.Md.CMi Vy USACANADA {l|ffl SGTLO 0« MEMWW HOO M 55 MM NYC HOU Of LO SG? OOCL NfTHEILAMOS 71E571 IN PI M/ 00 09/00 10/01 10/00 09/00 OOCL UlttN 34W524 27/0* 21/04 29/OA 30/04 05/07 73/07 00QIMAM 3SES3O 74A17 HAM 16/00 17/01 17/01
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  • Page 43 Miscellaneous
    • 116 43 LEGEND: Issued by Meteo^oiogk^ Service^ng^pore K Thunderstorm Showers Cloudy Day «'">««"< and speed In kno.s X Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j I Slight, <1 2m -•—•One half Heche represents 5 knots j Moderate, 1,2 m 2.5
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  • Page 44 Advertisements
    • 202 44 Sing Tel wishes to announce that it will no longer provide Singapore Radio/9VG radio communications services on HF and VHF channels from 1 April 2001. As such, it will no longer be possible to transmit and receive radio calls, radio telegrams, radio telexograms and radio messages via this service. To
      202 words