The Business Times, 25 July 2000
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2000-07-25
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The Business Times
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Title Section28 2000-07-25 1 I H H H H I H H l m. y a i W W I X i J MITA(P) 035/12/1999 SINGAPORE Internet: http://business-times.asial.com.sg/ TUESDAY, JULY 25, 200028 words
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Article72 2000-07-25 1 E2 VMM (-27.74) BT-SRI 807 JO (-9.69) nSTIXDEXmUIES M 2J02J0 (-20.00) SMBCIHJTUIES M MM (-2.40) STOCK MARKET INDICES Monday Change JkLGEOOMP 822J8 -8.1# NIKKEI 22* IM47.12 -***** HANG SENG 17JWJ9 -281.17 SET INDEX 9US -1163 4AKASTA COUP 598J4 IM MANILA OOMP —M77J8 L88 TAIPEI WP! 8,***** -HkU seoul72 words
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Article76 2000-07-25 1 FOBEX BATES uss ss USS 1.749 £(US$/S$per£) 1*18 JJM EURO{USS/S$/E) 19J4 UM DM 1 m MM YEN 1 m LM8* RM ISM 8.460 HK$ 7.717 1224 Miff <171 0.043 WHAH 8L87f—0.020* PUKE SATES SINGAPORE* 5.81 KCALA LUMPUR 717 .JAKARTA ».M BANGKOK— MANILA 11.00 HONGKONG 8.5® TAIPEI 7M SYDNEY .8.5076 words
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518 2000-07-25 1 Toh Han Shih - 5-year plan will connect offices, homes, schools via high-speed cable or relay stations By Toh Han Shih [SINGAPORE] The government yesterday unveiled a five-year plan to connect the nation's offices, homes and schools via high-speed cables or wirelessly through relay stations518 words
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679 2000-07-25 1 Teh Hooi Ling - By' Teh Hooi Ling [SINGAPORE] Singapore plans to award between four and six licences for third-gen-eration (3G) wireless telecommunication networks by the year-end. 3G networks are capable of pumping massive amount of data at high speed over the air up679 words
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634 2000-07-25 1 Quak Hing Whai - This swells gains made by Li Ka-shing In telecom market From Quak Hing Whai in Hongkong LI Ka-shing has done it again. Proving beyond doubt that he is far ahead of the pack in Hongkong, the territory's most famous multi-billion-aire has634 words
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Article, Illustration230 2000-07-25 1 He feels like leaving the government, he says to laughter AFP MALAYSIAN Prime Minister Mahathir Mohamad jokingly bemoaned yesterday his low pay. "If I may I would like to complain," he told a conference. "I'm the CEO of the whole of Malaysia IncorporatedAFP - 230 words
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Advertisement164 2000-07-25 1 mgntt Top stories Expect bad results from brokers. Pg4 Halim Saad to buy Renong shares from UEM?Pg 17 Asean risks being sidelined in global economy. Pg 16 BT Comment '"**\-i 1 '< vi. 1 Internet guidelines meant to be flexible, give comfort. Pg 4 M Cost per minute to call:164 words
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Advertisement93 2000-07-25 1 Singapore's nse of broadband and wireless to soar, Pg 3 A tip for S 'pore airwave sale, Pg 3 Singapore s roadmap to anytime, anywhere broadband access to issue 4-6 high-speed wireless or 3G telecoms licences: and 3-6 fixed-wireless broadband or LMDS licences by year end auction or beauty contest93 words
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Advertisement13 2000-07-25 1 DT-VoioeStream deal, Pg 13 A new image bp 6.2% Next Page Pg 2013 words
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ON THE grapevine
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Article97 2000-07-25 2 WE found this piece of late-night wisdom on wallstraits.com (the Internet website whose tagline is Investing is Serious Fun). What are the top five IPO prospectus danger signs? N0.5: The price/earnings ratio has four digits. N0.4: The 'Company History' section starts from three months ago. N0.3: The97 words
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Article96 2000-07-25 2 THE share price of Carlsberg has been rather stable despite disclosure that there was an attempted bombing of its plant in Malaysia by a deviant Muslim group early this month. In fact, Overseas Assurance Corporation (Malaysia) Berhad, the insurance arm of Singapore's OCBC Bank, has been nibbling96 words
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Article78 2000-07-25 2 WE'RE used to former bankers and computer scientists giving up their jobs and setting up Internet companies, but radio disc jockeys? Joe Augustin, best known for his morning radio programmes on the Class 95 radio station, will be speaking at the networking event this Thursday, according78 words
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Article69 2000-07-25 2 WE received a gift from technology startup, Iteru.net, which promised to be better than any mobile phone in the market. Among its advantages, it doesn't require batteries, is shockproof and is lighter than any other mobile phone. We were just slightly disappointed to find69 words
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Article57 2000-07-25 2 WITH an average of 2-3 technology companies announcing their initial public offers every week, Stratech Systems Ltd is going the extra mile. Believed to be the first company to announce its public offer today at the open area at Change Alley, Caltex House, it could start57 words
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Article79 2000-07-25 2 HERE are the results of BT Online poll last Friday, following the news that DBS Bank would give each of its staff two days off each year to do community work: Question: What would you do if your company gives you time off for community work?79 words
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Article, Illustration611 2000-07-25 2 Lilian Ang - sllexclusivel Common identity for group with market valneofUSs2oob Reports by] Lilian Ang [SINGAPORE] BP Amoco, the world's third largest publicly listed oil group, last night unveiled a new, unified global brand to bring the string of companies it has tied upFILE PHOTO - 611 words
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232 2000-07-25 2 [SINGAPORE] BP Amoco is likely to revamp its 31 petrol stations in Singapore by the end of this year or early next, to give them the fresh look planned for its retail outlets worldwide. The stations with revamped green, white and yellow232 words
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Advertisement300 2000-07-25 2 11l jlhe Hull MBA UNIVERSITY OF Hi TT T MBA (Investment Finance) 10th Intake Starting 28 July Few Places Left! /^tofomuitioriV "Ranked Among MBA (General Management) Session UK's First r. V Toe, 1 Aug 2000 Division MBA (Strategic Marketing) IlijfMHjlt V 7.oopmy Universities, 1999" MBA (Travel Tourism) UNIVERSITY OF SOUTH300 words
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Advertisement20 2000-07-25 2 Getting access to the latest computers peripherals begins with The Straits Times Classified. I I mm Classification 221: Computer Products/Services20 words
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IDA roadmap
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Article, Illustration570 2000-07-25 3 Toh Han Shih - By 2005, 2.2 m Singaporeans will be broadband users and 1.2 m will surf Net wirelessly: studies By Toh Han Shih LOCAL use of high-speed broadband and wireless Internet services will soar during the next five years, the Infocomm Development Authority (IDA)570 words
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Article, Illustration291 2000-07-25 3 ATM or Asynchronous Transfer Mode: A technology that enables Internet to be transmitted at high speed. It enables providers to offer different services at different levels of quality and speed on the same network. Broadband: High-speed Internet, faster than 64 kilobits per second (kbs), that enables291 words
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Article, Illustration887 2000-07-25 3 Catherine Ong - British expert recommends multiple rounds of ascending auction for objectivity, transparency By I Catherine Ong AN adviser to the British government on the sale of Third Generation (3G) mobile phone licences said Singapore should consider multiple rounds of ascending auction for its upcoming saleREUTERS - 887 words
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Advertisement23 2000-07-25 3 asia-hotels.com ASIA'S INTERNET HOTEL GUIDE AND RESERVATION SYSTEM Igj* Book online! ■jw* ■JSKI; _*:V' i- 'aj£- S V. ,3S' 1 fl .si http://www.asia-hotels.com23 words
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SINGAPORE companies
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634 2000-07-25 4 Ven Sreenivasan - R^xclusive Results hit by plunge in market turnover and lower commissions By Ven Sreenivasan THE first-half earnings of stockbroking firms are expected to dive as much as 60 per cent, weighed down by plunging market turnover and lower commission earnings.634 words
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353 2000-07-25 4 Ling Su Ann - DBS Bank, Sing Tel among corporates moving to boost disclosure By\ Ling Su Ann MORE companies are switching to quarterly reporting to improve disclosure to investors. DBS Bank, for one, will report on this basis in the foreseeable future. "Quarterly and businesssegment reporting signifi-353 words
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416 2000-07-25 4 SYDNEY LISTED Australand Holdings yesterday reported flat interim net profit of A 532.18 million (5533.1 million) for the half-year to June 30, after an abnormal item related to a law suit ate into most of its gains. Australand, a subsidiary416 words
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383 2000-07-25 4 Kenneth Lee - Global component comprising 80% of issue folly subscribed Byl Kenneth Lee HOMEGROWN telecommunications solutions provider iSoftel Ltd yesterday launched its initial public offering of 56 million shares at $1.06 each for a listing on the main board of the Singapore Exchange.383 words
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Article, Illustration763 2000-07-25 4 siow li sen - ilocksiew siow li sen IF Sim Wong Hoo wants to set up an Internet bank in Singapore, he might have a better chance by first doing so in the US and then trying to apply under the current admission rules for foreign763 words
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Article, Illustration380 2000-07-25 5 Conrad Raj - By Conrad Raj KEPPEL Corporation is issuing $250 million in fixed rate bonds to raise money to part finance its massive Keppel Harbour residential project. The five-year bonds are being lead-managed by Standard Chartered Bank for Keppel Corp's wholly-owned investment holding subsidiaryFILE PHOTO - 380 words
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375 2000-07-25 5 Conrad Raj - Group becoming investor and backer of high-tech ventures By* Conrad Raj KEPPEL Marine Industries (KMI), now transforming itself into an investor and backer of high-tech ventures, does not expect to turn a profit in ffye second half of this year. The group,375 words
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289 2000-07-25 5 Serena Ng - By I Serena Ng SINGAPORE conglomerates are behind their Hongkong counterparts in terms of e-commerce and multimedia strategies and should tie up quickly with strong overseas players, a regional analyst said yesterday. But Ng Kong Yong, vicepresident of research for GK Goh289 words
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339 2000-07-25 5 Teh Hooi Ling - Sing Tel also secures capacity purchases of over USsl.4b for the submarine cable By 1 Teh Hooi Ling SINGAPORE Telecom yesterday said over six telecom companies worldwide will pay more than US$5OO million (SsB7o million) for a 40 per339 words
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133 2000-07-25 5 Reuters INTERNET firm Horizon.com Ltd said yesterday a consortium it formed with 1Net Singapore has signed a memorandum of understanding with a Taiwanese group to run a broadband project The company said in a statement that Taiwan's Shin Kong Group had commissioned theReuters - 133 words
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Article, Illustration418 2000-07-25 8 David Boey - Venture also rallies after analysts' briefing but Stats slides on chip fears By David Boey WHILE the general market awaits Wall Street's next move, some punters have apparently made up their minds about where packing firm CarnaudMetalbox (CMB) and microchip testerSource: Bloomberg - 418 words
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408 2000-07-25 8 [KUALA LUMPUR] AffinUOB Securities Sdn Bhd, the stockbroking arm of listed Affin Holdings Bhd, is believed to be courting Klang-based Amsteel Securities Sdn Bhd with a view to a merger, The Sun reported yesterday. It quoted sources saying the courtship intensified following408 words
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301 2000-07-25 8 WITH its substantial stake in China's biggest motorbike company, listed Lion Asiapac is poised to gain substantially from China's pending entry into World Trade Organisation (WTO). Lion Asiapac acquired 24.23 per cent of Zhejiang Qianjiang Motorcycle in 1997. In March301 words
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Article, Illustration661 2000-07-25 9 KUALA LUMPUR Selling could come later; no rush by Clob shareholders to sell as local bourse is now weak: analysts THERE has been minimal impact so far on the Kuala Lumpur bourse from the release of frozen Central Limited Order Book (Clob)REUTERS - 661 words
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313 2000-07-25 9 IPC's rescue plan is nearing completion, giving the company a net value of $200 million, from a negative net worth previously. The PC company yesterday said white knight Infomatec AG has given notice to take up 137.36 million new shares for313 words
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239 2000-07-25 9 MEDIARING COM's early move into eWorld of Sports.com Ltd has put it in good stead The company is paying for a 4.99 per cent stake in the sports goods retailer's post-flotation capital with 10 per cent cash and 90 per cent in239 words
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Page 4 Advertisements
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Advertisement492 2000-07-25 4 I GST a simple tax? More than 5 years after the introduction of GST, there is still a degree of uncertainty amongst businesses about the application of GST. In its basic form, GST is a simple tax. Yet, it must deal with a wide spectrum of very complex business transactions492 words
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Advertisement160 2000-07-25 5 US*MRltftodOV<ii M-'ix li pf j sWifijia fioiilm jut j r«rja isu'ntffvm hflß r i* I*: Asian newlyweds hit hard by African rebel leaders. Diamonds finance the fighting in some of Africa's most controlled by forces rebelling against a legitimate and time you considered the Financial Times To subscribe, brutal wars.160 words
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SINGAPORE markets
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Article, Illustration182 2000-07-25 6 Wong Wei Kong - WARRANT WATCH By' Wong Wei Kong TECK Wah Industrial warrants were one of the best performing warrants yesterday in percentage terms, although volumes remained light. The warrant closed half a cent up or 4.17 per cent at 12.5 cents on 103,000 units. It opened182 words
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Article454 2000-07-25 6 Stock* Volume BRC Asia 2.5c 23,775,000 HongLaiH 5c 16,030,000 Ionics PS1.00...- 15,038,000 IPC020c 14,053,000 AddvaTTech 2.5c 13,920,000 ST Assembly 25c 11,373,000 AirOcean 5c 10,662,000 FHTKWdgs20c 10,216,000 North 22 US1c 10,198,000 ITech4c 10,048,000 Stocks_ < Chart Semiconductor 26c 51,507,718 ST Assembly 25c 47,237,310 VentureMfg25c 40,928,375 S1A 28,470,670 NatEleclOc— 25.144.338 SPH 23,541,818454 words
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Article, Illustration551 2000-07-25 6 david boey - I :'i comment STOCKS david boey Regional markets started the week on a sour note yesterday, weighed down by Wall Street jitters as stock market players took their cue from Friday's fall in key US indices. The benchmark Straits Times551 words
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Article, Illustration246 2000-07-25 6 Wong Wei Kong - HOT STOCK By' Wong Wei Kong MEDIARING.COM continued to lose ground yesterday with the stock finishing among the session's most active issues. Mediaßing shares closed down 2 cents or 3.36 per cent at 57.5 cents. The stock opened at the day high of 59 cents246 words
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Article135 2000-07-25 6 ♦♦SEMBCORP Industries announced its wholly-owned subsidiary, Sembawang Corporation, has entered into a sale and purchase agreement to acquire 40 million shares of 10 cents each in the capital of SembCorp Marine from Ishika waj ima-Harima Heavy Industries. The cost amounts to $28.7 million or 71.63 cents per share.135 words
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Article, Illustration332 2000-07-25 6 larry wee - (comment CURRENCIES larry wee THE Thai baht yesterday hit a 10-month low after falling through key support at 40.50 baht per US dollar, as Thai stocks succumbed to a new bout of selling which saw the key SET stock index hit aSource: Reuters - 332 words
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Advertisement219 2000-07-25 6 Next-Gen Carrier Solutions SOFTEL LTD (incorporated with limited liability in the Republic of Singapore) INVITATION IN RESPECT OF GLOBAL OFFERING OF 56,000,000 ORDINARY SHARES (the "OFFER SHARES") OF 550.05 EACH COMPRISING 6,000,000 VENDOR SHARES AND 50,000,000 NEW ORDINARY SHARE AS FOLLOW:(1) AN INTERNATIONAL OFFERING OF 44,800,000 ORDINARY SHARES; AND (2)219 words
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Advertisement46 2000-07-25 6 YOU CAN NOW PUT YOUR I CPF SAVINCS IN EICHT. 'important All applications for units in eight must be made on the application accompanying the prospectus investors must read the prospectus The value of the units and the income from them may fall as weilasnse >I<l46 words
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Advertisement79 2000-07-25 7 Seamless e-business seamless software. E-business Suite Database Marketing Sales Support <2f Webstore <2f Procurement <&_ Manufacturing <gf Supply Chain Mgmt Financials <2f Human Resources <2< I A complete e-business suite from Oracle. Or an e-business kit from lots of vendors. The choice is yours. www.oracle.com Copyright 2000 Oracle Corporation. All79 words
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Advertisement743 2000-07-25 8 CREDIT LYONNAIS FINANCIAL PRODUCTS (GUERNSEY) LIMITED (Incorporated In Guernsey) To: All holders of Call Warrants issued by Credit Lyonnais Financial Products (Guernsey) Ltd relating to the ordinary shares of Ssl.oo each in the capital of United Overseas Bank Limited Dear Sir Madam, EXPIRY OF WARRANTS The rights comprised in the743 words
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Advertisement438 2000-07-25 8 Marine I Industries I I Keppel Marine Industries Limited I I (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2000 The Directors of Keppel Marine Industries Limited advise the following unaudited results of the Company and H the Group for the438 words
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Advertisement8 2000-07-25 8 SIT falls 1.3% on Wall Streetjitters, Pg 58 words
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Advertisement91 2000-07-25 9 owner We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants.91 words
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Advertisement179 2000-07-25 9 You've got your business up and running and just about covered everything. Now, back to the drawing board. x *i .S 4 V sj 1 *r V fn A* Infinite Flexibility* The worst scenario is that somewhere down the road, your e-business hits a brickwall. a Your ecßeans 1 Product179 words
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SINGAPORE news
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Article, Illustration383 2000-07-25 10 Serena Ng - raw ontneeconomy money supply By\ Serena Ng SINGAPORE'S money supply continued to grow despite shrinking domestic bank loans over the past year, as it was supported by rising net foreign assets in the banking system, according to a DBS Bank research report. Ml orSource: CEIC - 383 words
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360 2000-07-25 10 Surinder Singh - Singapore loses out as IBM opts for IT talent pool in Australia From Surinder Singh in Sydney COMPUTER giant IBM has chosen Sydney over Singapore as the base for its AsiaPacific e Business Innovation Centre. Announcing this yesterday, New South Wales Premier Bob360 words
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Article, Illustration404 2000-07-25 10 Marissa Chew - Queens: of 502 units offered sold Allgreen's project at Stirling Rd is next to MRT station f¥ Marissa Chew ALLGREEN Properties' Queens ruled the residential market over the weekend, with another 73 families signing up to become owners at the condominium. Queens first went on sale last Monday during aFILE PHOTO - 404 words
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252 2000-07-25 10 Marissa Chew - By\ Marissa Chew THE first collective sale of a project for redevelopment into landed housing has been closed, with the site going to Hoi Hup Realty. Hoi Hup will pay $21 million about $316 per square foot for the 66,304 sq252 words
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Article, Illustration45 2000-07-25 10 Corrections clarifications OUR July 7 report, "Citibank sees home loans rise 3.7 times in 4 months", was accompanied by the wrong photograph of Edwin Khoo, business director of Citibank's global consumer banking. Here's the right picture (right) of him. We are sorry for the error.45 words
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505 2000-07-25 11 Geraldine Low - mailittm Geraldine Low Chief Operating Officer www.theopenarena.com Singapore via Internet ALLOW me to reply to Joycelyn Lee's letter "Must Singaporean investors get burnt just to learn?" (Mailbag, July 8), Narayana Narayana's letter "That endless unit trust debate" (Mailbag, July 12) and in light of your505 words
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226 2000-07-25 11 Denis Distant via Internet - Denis Distant via Internet PLEASE refer to your report "F&N share sale triggers general offer for CMB Asia" (BT, July 22). I note that Claremont Heights has since indicated it will make a general offer to all CMB Asia (CMBA) shareholders at226 words
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Article, Illustration249 2000-07-25 11 Eugene Low - 2-tranche loan to help finance Power Net purchase By] Eugene Low SINGAPORE Power has launched a A 5772.5 million (*****.8 million) loan syndication to help finance its As2.l billion purchase of the Australian electricity transmission network Power Net. The loan, launched late last week,FILE PHOTO - 249 words
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Article, Illustration159 2000-07-25 11 SINGAPORE Land's flagship building, Singapore Land Tower, will be given an $18 million facelift from August. The 74-storey building, located in the prime financial district of Raffles Place, will be upgraded in two but overlapping phases. The phases overlap so as to reduce159 words
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Advertisement154 2000-07-25 10 Only One Courier lets you know the moment your shipment arrives Has your express courier company ever ■Ifc* contacted you to say "...your shipment arrived safely, thank you for your business'? At One Courier.com. we automatically email H you the moment your shipment reaches its H destination. Because we think154 words
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Advertisement169 2000-07-25 10 'Daily 'Essentials Coffee, Muffins, The Business Times Get the first two for free and the third at an irresistible price p"citwan<o H9H: Just come on down to the Dome Cafe at Suntec City from Jul 25 to 28 between 10.30 am and 3pm to find out more about this tempting169 words
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Advertisement22 2000-07-25 10 k Create a romantic holiday for you and your loved one through The Straits Times Classified. Buy k. Sd k. Find It.22 words
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Advertisement197 2000-07-25 11 We welcome letters. E-mail us at btietterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind libel197 words
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Advertisement303 2000-07-25 11 A: r your PRESCRIPTION to Asia's Premiere Medical, Healthcare, Occupational Safety Health Showcase 29 to 31 August 2000 Singapore International Convention Exhibition Centre Hospjuedjca f A LnA Health Exhibition for Asia HOSPlMedica ASIA 2000 100 exhibiting companies from 20 International Exhibition on countries featuring the latest in OSH Hospital, Pharmaceutical,303 words
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FOCUS property
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190 2000-07-25 12 8-storey office block issued TOP early this year [SINGAPORE] ENG Yick Building, an eight-storey office block off Paya Lebar Road, was put up for sale by private arrangement yesterday. The building, which obtained its Temporary Occupation Permit early this year and is190 words
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Article, Illustration440 2000-07-25 12 Surinder Singh - Bold strategy may reap rich rewards Froml Surinder Singh in Sydney Accord Pacific Holdings, the Australian arm of the Lian Huat Group in Singapore, last week released four penthouses at its Darling Harbour Garden Towers development in Sydney. The penthouses are located on the 19thFILE PHOTO - 440 words
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Page 12 Advertisements
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Advertisement712 2000-07-25 12 FRUSTRATED, FED-UP DISGUSTED WITH YOUR ACCOUNTING SOFTWARE When your decision making is hampered due to lack of reliable timely information, it is time you bought FI-IDEA. SOME OF THE s-— 810 aiEHTS Banco Do Brasil S.A. Compact Metal Industries iJd x Framework Building Products Pte Ltd Hexon Technologies Pte Ltd712 words
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Advertisement430 2000-07-25 12 DISTRIBUTION CENTRE FOR SALE Location Toh Guan vicinity Description A 3-storey warehouse and office complex with 2 mezzanine floors Land Area Approx. 273,318 sq ft Built-in Area Approx. 253,992 sq ft Tenure JTC Leasehold 30 30 years w.e.f. 1/12/1990 Please contact Sole Marketing Agent Industrial Department Bernard Goh DID: 326430 words
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e-NEWS
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eBriefs
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53 2000-07-25 13 Reuters [TOKYO] Major investment bank Goldman Sachs said yesterday it had launched an Internet-based Japanese government bond (JGB) trading system for institutional investors. The service, eJGB, will enable Goldman's clients to trade a total 170 issues in four-, five-, six-, 10and 20-year JGBs during JapaneseReuters - 53 words
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Article44 2000-07-25 13 Reuters [DUBLIN] US Internet equipment company Cisco Systems is to locate a new manufacturing plant in Dublin, creating up to 3,000 new jobs, Irish media said yesterday. The proposed plant is part of its major European expansion. —ReutersReuters - 44 words
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Article53 2000-07-25 13 Reuters [LONDON] British Sky Broadcasting said yesterday that it had appointed former Adidas-Salomon executive Bob McCulloch to build its online sporting goods retail business. BSkyß said in a statement Mr McCulloch would head up skysportsstore.com—BSkyß's firststand-alone e-commerce venture —and has taken a minority stake inReuters - 53 words
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97 2000-07-25 13 Reuters [WASHINGTON] A Web site has posted CIA documents revealing a 1996 briefing for visiting Japanese security officials about the structure and focus of US intelligence but experts said on Sunday that the most exciting thing about it was probably its "secret" designation. TheReuters - 97 words
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89 2000-07-25 13 AFX-Asia [TOKYO] Sumitomo Metal Industries Ltd said it, Sumitomo Corp and BP Amoco PLC will jointly build an extranet to handle data on the steel pipe business by the end ofthis year, confirming Nihon Keizai Shimbun report. An extranet is an internet-based information systemAFX-Asia - 89 words
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47 2000-07-25 13 Reuters [TOKYO] Japanese trading house Mitsubishi Corp said yesterday it plans to launch an online weather derivatives market in September, enabling companies to hedge against weather-related risks. It expects leisure and beverage firms, department stores and utilities to be major potential buyers.—ReutersReuters - 47 words
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69 2000-07-25 13 Reuters [LONDON] The global development of e-commerce in financial services could be stifled by the current lack of coherence among regulators of the fledgling industry, a report published yesterday said. "Protect and Survive Regulation of e-commerce in the financial services industry", produced by accountancyReuters - 69 words
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298 2000-07-25 13 PALO ALTO, California New fund reflects keen interest in Net infrastructure firms Reuters SPECTRUM Equity Investors, a venture capital firm focused on the technology that supports the Internet, was scheduled to announce yesterday that it has closed a US$l.75 billion (Ss3 billion) fund,Reuters - 298 words
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345 2000-07-25 13 U NEW YORK NYT IT may not be Sex and the City, but relationships in the computer industry often run from frosty to passionate awfully quickly. Just look at that old yin-yang pair, Apple and Microsoft. In the Microsoft anti-trustNYT - 345 words
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Article, Illustration625 2000-07-25 13 Deutsche Telekom-VoiceStre&m deal Senators have called for a review of national security implications AP DEUTSCHE Telekom's takeover of US mobile telecoms operator Voice Stream Wireless Corp gives Europe's biggest phone company an international reach to 375 million customers. The company also gets itsAP; AP FILE PHOTO - 625 words
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225 2000-07-25 13 CAPETOWN Reuters A TOP South African private hospital is auctioning a range of plastic surgery operations, from breast reductions to fat removal, over the Internet with a starting price of one rand. "The bidding will be open-ended for one operation per dayReuters - 225 words
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Page 13 Advertisements
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Advertisement550 2000-07-25 13 Engr gy and E-Commerce The New Frontier ■T f 9\ 1 APPEC 9000 CONFERENCE WHO SHOULD ATTEND m u TOPICS A SPEAKERS Executives from national and Independent •p oil companies, government agencies, The Changing Face of Market research and consultancy companies, refinery °M CO* 1 6th operator and petrocfwrtolcompartes, (Vrsider*550 words
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Page 14 Advertisements
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Advertisement41 2000-07-25 14 bp OBP, Amol What del It means! global erl It means! 10 millio! It means! and dies! It meana of solar I It meana beyond Today, 1 (fl join toga called b! new bra! beyJ www.bp.coiß O 2000 BP Amoco pic41 words
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Advertisement113 2000-07-25 15 p r BP, Amoco, ARCO, Castrol. What does it add up to? It means a new company able to offer I global energy solutions. llt means the retail presence to serve 110 million customers a day. llt means a company that makes petrol I and diesel that produce lower emissions.113 words
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EDITORIAL & opinion
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Article, Illustration579 2000-07-25 16 sree kumar - pWiT^I bottom line OPINION sree kumar The writer is a development economist and partner in a consulting firm WHEN George Speight and his supporters overthrew the elected government of Fiji, it lent full force to Mao's dictum that power grows from the579 words
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Article199 2000-07-25 16 'Should any serious disagreement surface at the meeting, it is most likely kept secret That is part of the reason why summit communiques are so dull.' Morihiro n—kiwa a former Japanese prime minister onG-7 summit meetings. 4 I think I'm just going to call up my dad199 words
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Article647 2000-07-25 16 EDITORIAL BANGKOK seems to be in the grip of "Samak Fever". That is how the people of Bangkok describe the phenomenon of Samak Sundaraveja who, at age 65 and on the verge of political retirement, swept the governorship of the capital with a handsome victory in647 words
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Article, Illustration945 2000-07-25 16 John Miller - There are a range of vital functions that can only sensibly be performed by local accounting bodies By John Miller The writer is head of Singapore affairs of the Association of Chartered Certified Accountants (ACCA Singapore). The ACCA has some 250,000 members andFILE PHOTO - 945 words
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Article, Illustration951 2000-07-25 16 Giddy rash to cot tax THERE is a disturbing, almost willfully irresponsible quality to the giddy rush by politicians to enact huge federal tax cuts without regard to how much of the projected surpluses are real, and with little or no debate about other, better ways951 words
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REGONAL news
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Article, Illustration440 2000-07-25 17 H&lim S&ad will then have to pay UEM RM3b for the 32.3% block of shares From Eddie Toh in Kuala Lumpur MALAYSIAN tycoon Halim Saad now faces a strong prospect of having to buy a block of Renong Bhd shares from United Engineers MalaysiaFILE PHOTO - 440 words
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351 2000-07-25 17 ■KUALA LUMPUR THE Malaysian Exchange of Securities Dealing and Automated Quotation Bhd (Mesdaq) will launch its new trading system on Friday, Malaysian Business Times reported yesterday. This will be with or without the consent of the Kuala Lumpur Stock Exchange (KLSE), MBT351 words
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MARKET moves
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107 2000-07-25 17 Reuters MAIOANK, tne tnira Diggest stock in the key Kuala Lumpur Stock Exchange index, shed 60 sen or 4 per cent to RM14.10, its lowest finish since Jan 6. Volume was a moderate 1.6 million shares. "Foreign funds are taking profits, and weReuters - 107 words
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71 2000-07-25 17 Reuters GAMING firm Magnum Corp ended down 13 sen at RM2.72 on 5.7 million shares traded yesterday. The drop came after the counter soared 16 per cent last week on talk a new shareholder would buy the company. But after the market close, MagnumReuters - 71 words
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418 2000-07-25 17 KUALA LUMPUR Time hopes to sign op tech partner before unit's listing Reuters MALAYSIA'S Time Engineering Bhd is on track to list its key telecoms unit Time dot Com by October, the managing director of Time dotCom said yesterday. "The October deadline remains," HalimReuters - 418 words
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Article149 2000-07-25 17 KUALA LUMPUR Reuters TELEKOM Malaysia Bhd yesterday declined to say if it was seeking a new partner after Japan's Nippon Telegraph and Telephone Corp (NTT) aborted talks for a stake in the company last week. "I don't want to comment," chairman Radzi Mansor toldReuters - 149 words
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Article, Illustration581 2000-07-25 18 Harish Mehta - He suggests 4 measures to rid the perception of Asean being 'ineffective' FYom\ Harish Mehta in Bangkok ASEAN risks being sidelined in the new global economy because international perception about the grouping remained negative despite signs of economic recovery, Singapore Foreign MinisterAFP - 581 words
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145 2000-07-25 18 HONGKONG Reuters HONGKONG Financial Secretary Donald Tsang said yesterday he will revise the government's earlier estimate of 6 per cent for the territory's 2000 economic growth, saying the revision would reflect a "significant improvement" in economic performance. "The conclusion 1 have drawn is thatReuters - 145 words
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622 2000-07-25 18 Shoeb Kagda - Rupiah, bourse rise but recovery seen as only temporary From Shoeb Kagda in Jakarta AFTER days of nerve-wrack-ing uncertainty, Indonesia's Parliament yesterday eased political tensions in the nation by delaying its response to President Abdurrahman Wahid's refusal to submit to622 words
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Page 17 Advertisements
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Advertisement115 2000-07-25 17 The official delivery company of the 2000 Olympic Games. l f World Class Relay Team As the official delivery company of the 2000 Olympic Games, UPS will be asked to guarantee on-time delivery* of all kinds of things to Sydney from all over the world. It might be weight machines115 words
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Page 18 Advertisements
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Advertisement1306 2000-07-25 18 ASEAN SUPREME FUND LTD (Incorporated in the Republic of Singapore) The Board of Directors of ASEAN Supreme Fund Ltd wishes to make the following announcement: AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2000 1 May 1999 to 1 May 1998 to 30 Aor 2000 30 Apr 1999 or1,306 words
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Advertisement821 2000-07-25 18 ASEAN FUND LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of ASEAN Fund Limited wishes to make the following announcement: UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 APRIL 2000 1 No* 99 to 1 Nov 98 to 30 Apr 00 30 Ayr 99 »«R (US$100) (USs'ooo)821 words
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Page 19 Advertisements
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Advertisement366 2000-07-25 19 This advertisement has been approved by Deutsche Bank AG London, regulated by SFA for the conduct of investment business in the UK The services described in this advertisment are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation Source: Euromoney,366 words
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WORLD news
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479 2000-07-25 20 NEW YORK USsloob deal may result in Nortel owning more than 50% of Corning, while Corning will own optical parts nnit Reuters, AP, AFP NETWORK equipment companies Nortel Networks and Corning Inc are in talks about a deal worth more than US$lOOReuters,; AP,; AFP - 479 words
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337 2000-07-25 20 LONDON Share price started at £28 bnt then fell to £24 after a while Reuters THE London Stock Exchange, which plans to merge with Frankfurt's Deutsche Boerse, was given an £834 million (552.21 billion) price tag yesterday as its shares becameReuters - 337 words
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324 2000-07-25 20 TOKYO Reuters FEARS of more failures lurking in Japan's restructuring economy after the collapse of Sogo Co Ltd have led to a rise in the premium charged to banks doing business in the overseas interbank market, traders said yesterday. The three-monthReuters - 324 words
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Article, Illustration335 2000-07-25 20 FRANKFURT AFP THE planned tie-up between HypoVereinsbank and Bank Austria, announced at the weekend, will enable the sec-ond-biggest bank in Germany and the leading Austrian bank to cut costs by 500 million euros (*****.6 million) a year from 2003, they said yesterday. AtAFP; AP - 335 words
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Article, Illustration289 2000-07-25 20 BOMBAY AFP, Reuter SHARE prices on the Bombay Stock Exchange (BSE) plunged 6.2 per cent yesterday as investors took fright at a weekend interest rate hike by the central Reserve Bank of India (RBI), brokers said. The benchmark 30-share BSE Sensitive IndexAFP,; Reuter; Source: Bloomberg - 289 words
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WORLDWatch
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Article77 2000-07-25 20 AFX-Asia [SEOUL] SK Telecom Co Ltd said it has bid for a 5 per cent stake in Korea Electric Power Corp unit Powercomm Co Ltd which is currently in the process of being privatised. SK Telecom is considering applying for a further stake when aAFX-Asia - 77 words
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Article91 2000-07-25 20 AFX-Asia [TOKYO] Fujitsu Ltd will set up a new company to provide public and financial web system solutions by merging two wholly-owned subsidiaries with a total capital of7oo million yen (5111.2 million). The subsidiaries to be merged are Fujitsu Financial Systems and Fujitsu Social SystemAFX-Asia - 91 words
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70 2000-07-25 20 Bloomberg [LONDON] Vodafone Airtouch pic said chief executive Chris Gent will invest a "significant" portion of his £5 million (5113.3 million) cash bonus in the company's stock. The decision may help cool shareholder protests that are expected at a meeting tomorrow. Mr GentBloomberg - 70 words
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69 2000-07-25 20 Bloomberg [SEOUL] Samsung Securities Co, one of Korea's most profitable brokerages, said it's considering merging with Samsung Investment Trust Securities Co, a fellow member of the Samsung Group of companies. "We are considering a merger with Samsung Investment Trust, but nothing has been finalised," saidBloomberg - 69 words
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Article71 2000-07-25 20 Reuters [NEW YORK] DaimlerChrysler AG will issue a warning about financial performance for the rest of the year when it announces second quarter results tomorrow, the Wall Street Journal reported in yesterday's electronic edition. Company treasurer Thomas Capo has told colleagues he plans to step downReuters - 71 words
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57 2000-07-25 20 Bloomberg [SEOUL] The Bank of Korea appointed assistant governor, Park Cheul, as the Korean central bank's new deputy governor. Mr Park, 54, will replace Shim Hoon, who was recently appointed head of Pusan Bank, a provincial bank. The new deputy governor has worked atBloomberg - 57 words
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69 2000-07-25 20 Reuters [LONDON] Mexico was expected to launch a US$l billion (511.7 billion) global bond maturing in January 2006 yesterday, an official at joint lead manager JP Morgan Securities confirmed. JP Morgan will lead the deal together with fellow US investment bank Bear Stearns.Reuters - 69 words
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Article, Illustration187 2000-07-25 21 AFP [LONDON] British managers are the most stressed and overworked in the world, according to a survey published Sunday comparing the working lives of managers in 24 countries. Britain's managers complain most about their work, and are most likely to suffer illnesses related to theirAFP - 187 words
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284 2000-07-25 21 LONDON The package amounts to nearly £15.5 m or 20 times his base salary Reuters LEADING institutional shareholders are to protest at plans to give Jean-Pierre Garnier anointed head of the Glaxo Wellcome pic and SmithKline Beecham pic merger share options worth 20 times hisReuters - 284 words
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299 2000-07-25 21 TOKYO Reuters ON a custom-cleared basis, the trade surplus in Japan rose 3 per cent in June from a year earlier to 1.198 trillion yen (5519.3 billion), the Ministry of Finance (MOF) said yesterday. Most economists had forecast a decline. "TheReuters - 299 words
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Article, Illustration538 2000-07-25 21 Andrew Hill - Greenspan's testimony to Senate Banking Committee seems to suggest that Americans may have finally hit the consumption ceiling, says Andrew Hill Andrew Hill FT AFTER nine-and-a-half years of non-stop economic growth, Americans may be hitting the consumption ceiling: they finally have enough stuff. That atFT; AFP photo - 538 words
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Page 20 Advertisements
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Advertisement211 2000-07-25 20 Cafe You're flushed with cash and can't decide where to park your funds? > mW a InHk ft« > Invest in fine wine and luscious food Only at Wall St. Cafe The word out in the street is great numbers pr/cewise that is i i inl 1 ggj, $t Opening211 words
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Page 21 Advertisements
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Advertisement1694 2000-07-25 21 [BH] powermatic data systems limited NOTICE OF THE ELEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of Powermatic Data Systems Limited ("the Company") will be held at 135 Joo Seng Road #08-01 PM Industrial Building Singapore *****3 on Friday 11 August 2000 at 11:001,694 words
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CORPORATE focus
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Article, Illustration1324 2000-07-25 22 Jennifer Lien - Frank Russell has evolved from a small brokerage into a global force, Jennifer Lien reports Jennifer Lien THE headquarters of the Frank Russell Company in Tacoma, Washington, bears no trace of the grand, marble-lined halls of its Wall Street counterparts. Understated,1,324 words
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Page 22 Advertisements
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Advertisement2274 2000-07-25 22 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I WANT WANT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Want Want Holdings Ltd will be held at 3 Temasek Avenue, #07-03 Centennial2,274 words
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Advertisement176 2000-07-25 22 IN THE MATTER OF H THE COMPANIES ACT. CHAPTER 50 E-SEP (ASIA) PTE LTD NOTICE IS HEREBY GIVEN that Pursuant to Section 296(1) of the Companies Act, a meeting of the Creditors of the abovenamed company will be held at 116, Lavender Street, #03-09, Pek Chuan Building, Singapore *****0 on176 words
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FINANCE & commodities
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314 2000-07-25 23 Chan Yet San Refco Singapore - SGX Derivatives Tradingßeports ST Xnde*/MS& SPpore Index Chan Yet San Refco Singapore THE Singapore stock market closed lower yesterday as it could not escape being hit by the declines in global equity markets. The Straits Times Index lost 1.3 per cent to314 words
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239 2000-07-25 23 Chan Yet San Refco Singapore - MSCI Taiwan Index Chan Yet San Refco Singapore TAIWAN stocks fell yesterday for the third straight day. The MSCI Taiwan Index lost 1.22 per cent to 354.48 points. The volume within the index was moderate at 524.41 million shares with 11 stocks up,239 words
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Article187 2000-07-25 23 ENERGY REPORT Reuters [LONDON] OU prices tracked sideways yesterday after slumping last week amid evidence that Saudi Arabia was leaking more exports. Fast fading from summer highs, traders said prices could quickly faU towards the US$25 a barrel target, which would satisfy both RiyadhReuters - 187 words
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Article315 2000-07-25 23 Reuters London THE yen was mired within half a per cent of last week's two-month lows against the US dollar in early trade yesterday amid lingering doubts about the sustainability of Japan's economic growth and renewed weakness in Japanese stocks. Fears of an imminent downgrade of Japan's creditReuters - 315 words
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Article, Illustration1233 2000-07-25 23 ntTBRBAMKCTQgg RATES ,ful24 A$ a W tw Ffr M w iKhYen Wow >M NKmi Pwo S$ Bud Sir HT$ 8*t Hmi USS Australia 0.865 4.880 0.629 4.127 1231 4.583 26.286 52.172 0.640 6.550 2234 1.270 ***** 26.242 1028 4.056 0.978 18.250 ***** 0.387 0.588 Canada 1.157 5.644 0.728 4.774 L4231,233 words
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Article1818 2000-07-25 23 8IC0M FUTURES Jul 24 RUBBER (futures dostegts it 130p») RSS1 CONTRACTS ctrtsAq) Close VotaM Opt* Moot* Mffc Lav Sttt (twos) Interest Aug 00 m.50 Sep 00 114.25 400 Oct 00 115.50 Nov 00 1*25 RSS 3 CONTRACT (UScMts/hf) VotaM Opto Montti Ktyk Low Sttt (towns) Interest Aug 00 -6125 19001,818 words
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STOCKS east asia
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Article, Illustration2864 2000-07-25 24 HONGKONG Reuters PHangSffltf -26L17 HONGKONG stocks fell yesterday, led by a depressed telecoms sector following a profit warning from Swedish telecoms giant Ericsson. Banking and property stocks fared better but some weakened after the benchmark index tested but met firm resistance atReuters - 2,864 words
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1959 2000-07-25 24 TOKYO Bloomberg Diekhias -man JAPANESE stocks fell yesterday, paced by NTT DoCoMo after Agilent Technologies and America Online said profit and sales rose less than expected, pulling the US Nasdaq Composite Index down 2.2 per cent on Friday. Lenders such as Sumitomo Bank also declinedBloomberg - 1,959 words
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Article, Illustration977 2000-07-25 24 Reuters n Shenzhen B Index -120 CHINA'S hard currency B shares weakened yesterday as the Shenzhen debut of Shandong Zhonglu Oceanic Fisheries Co led to an outflow of funds from established issues, brokers said. The Shenzhen B Share Index closed down 1.96 per cent or 2.20 points at 110.25Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd - 977 words
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Article356 2000-07-25 24 AFP QWP Index -103J7 TAIWAN'S share prices closed 1.3 per cent lower yesterday in lacklustre trade as investors stayed on the sidelines. The Taiwan Stock Exchange Weighted Price Index lost 103.17 points to 8,064.20. Turnover amounted to only NT550.24 billion, the lowest this year. There is growing market distrustAFP - 356 words
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Page 24 Advertisements
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Advertisement105 2000-07-25 24 NOTICE IS HEREBY GIVEN that I, KOH POEYING of 61, Mt Sinai Drive #02-05 Singapore *****3, have applied for a Retail Liquor Shop Licence in respect of M/s Tango Restaurant Wine Bar Pte Ltd located at 35A Lorong Mambong Holland Village Singapore *****2, and that this application will be considered105 words
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Advertisement104 2000-07-25 24 NOTICE IS HEREBY GIVEN that I, CHNG SEOU TEE of Blk 704 Woodlands Dr 40 #10-16 Singapore *****4, have applied for a Beer House, First Class Licence in respect of M/s The Green House Cafe located at 11 Bali Lane Singapore *****8, and that this application will be considered by104 words
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Advertisement110 2000-07-25 24 NOTICE IS HEREBY GIVEN that I, HO KENG POH of Blk 115 #12-287 Bedok North Road Singapore *****5, have applied for a Ist Class (Extended) Licence in respect of M/s Club Millennium KTV Ptc Ltd located at 60 EuTong Sen Street #0501/02 Furama Hotel Shopping Ctr Singapore *****4, and that110 words
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Advertisement112 2000-07-25 24 NOTICE IS HEREBY GIVEN that I, WONG CHUNG GIiAN of Blk 234 A Serangoon Ave 2 #10-137 Singapore *****4, have applied for a Public House Ist Clsss (Extended) Licence in respect of M/s Redhill Rangers Football Club located at 100 Orchard Road #01-02 Meridien Shopping Centre Singapore *****0, and that112 words
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STOCKS klse
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Article, Illustration427 2000-07-25 25 AFP n Composite Index -BJ9 MALAYSIAN shares ended one per cent lower yesterday on selling of selected blue chips amid weak regional markets, dealers said. The Composite Index closed down 8.19 points at 822.89. The Second Board Index dropped 3.34 points to 220.13. VolumeAFP - 427 words
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Article8712 2000-07-25 25 INDUSTRIALS Com—f prefects 2000 Lul V04 Day Hat Cap Hmi t— f ia) m im wo n» u» Kl Wi 420 310 Ajinomoto 360 19.7 145.9 158 62 Anqkasa 75 -15 7 75 75 "0.6 670 290 ApoMo Food Wq 466 "4 11 466 460 10.1 186.4 3350 2700 BAT8,712 words
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Page 25 Advertisements
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Advertisement11 2000-07-25 25 'ITwStnulsTimiy Photo essay a creative way to recruit the right talents.11 words
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SGX clob & regional stocks
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Article2743 2000-07-25 26 BONDS WARRANTS Jul 24 wt Mi **m! 1*1 LMt M Day UHfcili kn Cot bv Mm MIb f Mi raM> M* LOT »w Mkr Mm ImM Mk M» <*> laart*! UM j» 'S ts 32 328 It? 1 24 f ;gggBBg= UnCh 4 27 27 26 i! ,S S S2,743 words
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Article300 2000-07-25 26 AFP n Composite Index -45J7 SOUTH Korea's Composite Index closed down 45.17 points at 737.89. Volume was 391 million shares worth 2.4 trillion won. —AFP J«24 WW AnamSwnt *00 -1SSO Br tin Tech 850 -25 Central Sank 720 -125 CheH Comm *****0 500 Dae Gu Bank 2130 -115 DaesanqAFP - 300 words
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Article269 2000-07-25 26 AFP Qtompoate Index -L 66 PHILIPPINE shares were hardly changed yesterday, falling a mere 0.1 per cent amid domestic political and economic concerns. The Philippine Stock Exchange Composite Index shed 1.66 points to 1,477.80, in yet another day of losses. Jul 24 PtM 000) MRC Alliod 0.50 0.04 960AFP - 269 words
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Article277 2000-07-25 26 AFP Dhee-40 -am NEW Zealand stocks closed down one per cent yesterday in a thin market, dealers said. The benchmark NZSE-40 Capital Index declined 22.06 points to 2,101.79 on turnover of NZ$B5.7 million. Telecom, shedding 15 cents to NZ$7.3O, accounted for half the fall. AFP mm «a nm AdvantageAFP - 277 words
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Article549 2000-07-25 26 AFP PAnOrJmariag -210 AUSTRALIAN shares eased 0.7 per cent yesterday amid lacklustre trade weighed down by falls in key media, technology and banking stocks, brokers said. The All Ordinaries Index fell 24 points to 3,266.3, retracing much of its 3,290.3 record close on Friday. Preliminary turnover totalled just 502.78AFP - 549 words
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Article, Illustration784 2000-07-25 26 AFP Q SET Index -1X53 THE Thai share market nosedived 4.1 per cent yesterday to its lowest point in almost two years as Thailand continued its record as Asia's weakest performer. The Stock Exchange of Thailand (SET) Index tumbled 12.53 points to 293.13 its lowest since October 1998. TheAFP - 784 words
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Article, Illustration682 2000-07-25 26 AFP Q Composite Index -LB5 INDONESIAN share prices closed marginally lower yesterday on profit-taking in selected large cap stocks and regional market weakness, dealers said. They said declines in some large caps around midday wiped out early morning gains. The Jakarta Stock Exchange Composite Index closed down 1.85 points,AFP - 682 words
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Page 26 Advertisements
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Advertisement15 2000-07-25 26 fFits the job to a tee. Will blossom in the post. Find the right candidate.15 words
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Article8818 2000-07-25 27 SGX MAUVBOARD Transaction date: Jul 24 52-Wk Lift Ve« Ory Lb«1 Omo«p l£ D* *1J Hjj cZ Hm< Ln CofflDMv SM rooo) M* >!• Buypf SMt Cw Ptl $m» Prlc. MULTHNMSflY 163 101 m c AcmaSOc 117 -2 39 118 117 117 118 5 42 2.1 IM 2038,818 words
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Page 27 Advertisements
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Advertisement121 2000-07-25 27 With the share trade settlement period reduced, you can still maximize your trading power. Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you II also be earning daily121 words
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KNOWLEDGE economy
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Article234 2000-07-25 28 Extracts from some entries: 'AtyourfingefUps.com' will be a community of people with diverse Interests and requirements for knowledge, but wtth a common need to access such knowledge In a hlahly concise form anytime and anywhere. —Lau Kim Yang The future of work and learning will be greatly Intertwined234 words
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Article884 2000-07-25 28 ANNA TEO - Execs are aware of the need to acquire new skills, akma teo gathers from entries for the first Henley award ANNA TEO WHILE zipping down the East Coast Parkway, the CEO gets a WAP e-mail message on his Ray Bans yes, on the lens perched on884 words
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Article, Illustration708 2000-07-25 28 RANJIT MADAN, LAU KIM YANG - We reproduce here two top essays from the Henley Award contest, by bam jit miimw and by laukdk yakg RANJIT MADAN, LAU KIM YANG The writer is vice-president (chemicals/petrochemicals) of Wilson Impex Pte Ltd, and winner of the inaugural Henley Management College bursarySIEW YAW HOONG - 708 words
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Article559 2000-07-25 28 Lau Kim Yang - Atyonrfingertipsxom comes to the rescue wfcen yon need a quick info fix By] Lau Kim Yang The writer is senior manager (corporate planning) at Singapore Power Ltd SUPPOSE you are a senior executive In London on a business trip. Your British partner unexpectedly calls for a meeting559 words
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Page 28 Advertisements
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Advertisement155 2000-07-25 28 (<s>) (sp) (2) STATE OF THE MARKET NIGHT OWL BROKER DIRECT IPO WATCH STREET BUZZ BREAKOUT ECONOMIC FLASH fl Lmhh -..^1 \yy?* f\* %iS, $Q r v ,> v 4? *lfc rt >r t* www.asiaxis.com provides objective, unbiased and insightful financial news and information. We aim to deliver greater depth155 words
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Page 29 Advertisements
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Advertisement333 2000-07-25 29 Where to wine, dine and (otssa WM&& depend on predictions. t'Wm Advertise in Wine, Dine Entertain V JF' of The Business Times and reach out i 4 to 117,000 readers daily. f Contact Patrick Ang 740 1284 j or Amy Choo <3 740 ISS9 now. HOTEL GRAND CENTRAL LIMITED I333 words
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Advertisement47 2000-07-25 29 V "TTPp COURT DINING At Pine G>urt Chinese Restaurant LUNCH 12 noon 2.30pm DINNER 6.30pm 10.30pm Reservations: 831-6262 SXT™ 4tS. 1..,'. 111 C»M/»lfV i 1.1 i ..—.1..... I. .-i i iii I. i MVtMRIrI/i V flsu 331 Orchard Road. Singapore 23M67 M: 737 4411 fan: 732 236147 words
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Page 29 Miscellaneous
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Miscellaneous897 2000-07-25 29 twtral 5.30 Music Walk. 2.00 Wonders In China. 10.30 B Tonight. a HVm 6.00 Wheel Of Fortune. 3.00 Fun Discovery. 11.00 The World Tonight. ®00 AM Kids Central: Judge Judy. 3JJO We Are Young. IL3O I Watch on TV.fr). Blues Clues. 7.00 Touched By An Angel. 4J5 Love Is Payable.897 words
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Miscellaneous271 2000-07-25 29 CRYPTIC CROSSWORD ACROSS phorated (7) 1 Ulna patient treated before tying 7 Loses 00 t me rt tums o" 1 b®the knot (11) ing completely without feeling 9 Euro-politician sits awkwardly 01) inside and makes an error (7) 8 Mind some tipsy cheering? (6) 10 Trop»estorthe brave? (6) 11 Working271 words
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Page 30 Advertisements
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Advertisement1604 2000-07-25 30 ADVERTISEMENT For more than 60 years, A History Of Frank Russell has been improving Growth And the financial security of people innovation. worldwide Michael PNIUps President of George Russell Chairman of Frank Russell Company Fnnk Rusxl Company ,»3« Frank Russell starts a relative performance of US talents of top money1,604 words
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SHIPPING TIMES
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Article284 2000-07-25 31 SSX -000 MH a *h *t CWT Distribution 0.78 -0.01 19 Chuan Hup 0.40 0.01 2435 Cosco Invostmont—0.20 unch 567 Froight Links 0-21 -0.01 348 68 Holdings 0.45 unch IMC Ha4dkt«s-Hi<-1.S.M unch 0 Jay* Holdings an -0.01 596 Koppol Corp 3 86 -0.10 630 Koppol FELS 100 uneh284 words
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Article, Illustration461 2000-07-25 31 Ann Toh - Portal to be launched on Aug 15; other Application Service Providers to be brought in Byi Ann Toh [SINGAPORE] The Singapore National Shippers Council (SNSC) and Asiaship.com have signed a memorandum of understanding (MOU) to develop an e-freight portal for shippers. The move comes461 words
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133 2000-07-25 31 Reuters [OTTAWA] Canada vowed to crack down on substandard ships after finding that more than half the foreign vessels it inspected last year had faults with their lifesaving, firefighting and navigation equipment "Substandard ships are a threat to the safety of all seafarers, our environmentReuters - 133 words
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270 2000-07-25 31 Reuters [MANILA] International Container Terminal Services Inc (ICTSI) said its affiliate Puerto Rosario SA (PROSA) had signed an agreement that terminated its 30-year concession to operate the port of Rosario in Argentina ICTSI told the Philippine Stock Exchange that PROSA signed an agreement lastReuters - 270 words
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Article194 2000-07-25 31 Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd, Japan's thirdlargest shipping company, said the robust US economy and a recovery in freight charges will boost earnings for the year ending March 2003. The company said it now expects group pretax profit forecast of 33 billion yen (SJS2BBloomberg - 194 words
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PORT services
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Article, Illustration782 2000-07-25 32 Many of Europe's port operating companies are realising that networking, not location, is the key to future growth Journal of Commerce [FRANKFURT] FOR thousands of years, European seaports have built their reputations and businesses primarily by virtue of their locations in protected harbours, near majorJournal of Commerce; FILE PHOTO - 782 words
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Article198 2000-07-25 32 PACE Delmas 4 ACL 6 OHk Lloyd 8 AN I 3 Dongnama 3 Accord 8 Eastrans 6 Appenship 5 ECL 4 Assets 8 ECU Lin 6 Austral 8 J" 1 6 W9H 5 X BSA T Gemartrans 6 BtangMas 8 Hanoi, 7 CCNI 7 tw Hanjin 3198 words
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Article19672 2000-07-25 39 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number SIN Dest'n Name Name Number Number 02/01 28/08 Kien Hung KUO LUNG KL003S 65 *****33 To ABIDJAN (ABJ) 2003 Cot* D'lvoire o2/o« 29/00 cosco ever gentle oouw19,672 words
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SHIPS IN PORT
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Article779 2000-07-25 43 Vessel Voy No Berth Arrival Departure Cosmos Vert* 24 *rw|W 24/07/050 28/07/2300 Full City 25 J18 24/07/505 30/07/12^0 Unian 2014 J09 24/07/7:40 25/07/20^X) Spc Capncor *****9 J12 24/07/6:55 24/07/1900 SnBarul Jut-01 J02 24/07/5:55 24/07/2300 Bangkhunprom 07/00 J11 24/07/8:35 25/07/15.00 Smt Ls 2407 J02 24/07/8:10 25/07/23:00 Midas Hop* 46779 words
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Article1971 2000-07-25 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Wo Etb/Btr Period From To From ACTUAH1A 07*004 25/740 W 23/1500 23/1659 23/1*00 2A 23/1700 24/0459 24/0900 21 23/T700 24/0659 24/0*00 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 AQOAHUA 014* 25/ttO 23/1500 23/169* 21/MO 2A 23/17001,971 words
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Article182 2000-07-25 43 Aag 9 Singapore: National Day. Aug 12 Thailand: HM The Queen's Birthday. Aug 15 Germany: Assumption Day. Korea: Liberation Day. Aug 17 Indonesia: Independence Day. A>|27 Philippines: National Heroes Day. Anf 28 United Kingdom: Summer Bank Holiday. Anf 31 Malaysia: National Day. Bep 12 Korea: Harvest Festival Day.182 words
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Article772 2000-07-25 43 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 indicated. The Cockett Bunker Price Index change772 words
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Article474 2000-07-25 43 Cartoon 180 Mai 990.8 03 18.9 0.08 77 0.04 M 20 Density Hater Residue As* —I— Sedtawwt No above C2S 0 0 4 0 0 0 380 Art 986.4 07 13.5 0.06 40 0.02 tS 380 Mai 993.9 0.6 t8.2 0.09 78 0.04 «WW3 vft m/m474 words
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AIR & LAND transport
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344 2000-07-25 44 Six other jets still flying; cracks pose no danger to passengers: British carrier Reuters [LONDON] British Airways (BA) said yesterday it had detected cracks in the wings of its seven supersonic Concorde aircraft causing one plane to be grounded but insisted there wasReuters - 344 words
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373 2000-07-25 44 Reuters [OXFORD, England] Airbus will start the industrial phase of its A4OOM military transport project by March 2001 when orders are received from the seven states which laid down specifications for the aircraft. Adolfo Revuelta, programme chief at the European AeronauticReuters - 373 words
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Article, Illustration596 2000-07-25 44 George Joseph - HeadofS'pore operations believes in having a personal relationship with customers George Joseph [SINGAPORE] With a record 38 weekly Cathay Pacific flights linking Singapore with Hongkong and increasing passenger and cargo load factors, Cathay's Singapore manager Chung Mak must be a happy man. In fact,ARTHUR LEE - 596 words
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Article, Illustration224 2000-07-25 44 AFP [SINGAPORE] Singapore Airlines (SIA) announced yesterday it would join an aviation electronic commerce exchange whose transactions are expected to hit US$45 billion (5*78.3 billion) annually. Aeroexchange, which will be officially launched in the next few months, will offer airframe, avionics and engine components,AFP; FILE PHOTO - 224 words
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Article1821 2000-07-25 44 CITY FLIGHT ETA FLIGHT ETC *****7 1605 ****** 2305 iTMi 0 TOO »2008 2*5 n .„f!I JSi 0f6 1805 LH6373 2350 M I*2 22$ 55* S***** 2335 S02t 2350 0F81 1930 OF82 2055 **8229 2230 FataMtl SOW g30 ***** QUO LH6380 2230 tm0li ***** 1M C23521,821 words
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Article, Illustration537 2000-07-25 44 FARNBOROUGH AIR SHOW Boeing, Airbus will be battling for orders at aerospace industry's premier air show Reuters [FARNBOROUGH, England] The United States and Europe went head to head yesterday in a dogfight for orders at one of the aerospace industry's biggest show cases Britain'sReuters; AP - 537 words
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Advertisement99 2000-07-25 31 The freight market report has been dropped dne to oncpaoe i li i i %d 71^—I'll ,'vj v i1 4 Kvlc fe| Growing up alongside the children of the world is a seamless network of modern ports. All run r p^ A p rom ta p ortuga anc Yemen to99 words
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Advertisement20 2000-07-25 31 Networking: Key to European ports' future I Pg 2 Personal relationships count with Cathay 1 manager Chung Mak Back Pg20 words
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Advertisement750 2000-07-25 32 I IMPORT ~1 NORTH AMERICA 11 GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (QKX) Vtssu I YOT LGO g PKUMG VISSII VOT DMN PAN KWT *A W0 CMO IPKLAMG SW (XXI BRITAIN 34W526 05/07 23/07 25/07 HO NIDUOYD MALACCA 07C 14/07 14/07 16/07 11/07 10/07 24/07 2S/07 20/07750 words
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Advertisement721 2000-07-25 32 Lines services represented by Members of the Registry of Accr c ,ec Shipping Agents, Siogopore Shipping Association Members of the Singapore Logistics Association ULY UNE MALI vessel voy Feu ha eta P. KIANG SPORE MALI Empress Lily VO6OO 19/07 21/07 29/07 Princess Lily VO5OO 06/08 10/08 17/08 Empress Lily VO7OO721 words
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Advertisement1043 2000-07-25 33 SAX SERVICE (DIRECT) Vtssa VOY SMEIA yu OM Ml HOU Qi COL MiM AH NYC AftTUROUOK 03St 26/07 10/06 15/06 15/06 15/08 15/06 15/08 IS/OR 16/0R 16/08 Afl SARDONYX ~OTS. 02/06 17/06 22/06 22/06 22/06 22/06 22/06 22/06 24/06 24/06 Aft TOURMALINE 036 C 09/06 24/06 29/06 29/06 29/06 29/061,043 words
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Advertisement1665 2000-07-25 34 SENATOR LINES TO UK/CONTINENT TO MEPrmUUNEAN^CANADA VESSEL VOY IS™ LEH RTW WW HAM IBV FU «Ha WW Ml «T tft TOS MX MTU WSAN SENATOR 0014W 11(7 MM MM (7 M MM MM 1(M PATMOS SENATOR N3SW 10 07 *07 01 M MM MM 12 M HANJIN OttMEN (MM 71171,665 words
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Advertisement1030 2000-07-25 34 m. am MAC-NELS S PORE M'SIA Carrier MN COUTH LINES, INC P. GUDANG: (07) *****26 I I I QWMO; H0087«0000g SOU: (084) *****9 MANILA: (632)*****24 PENANG: (04) *****36 BANGKOK: (682) *****57 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: (21) *****45 KUOMNG (082) *****1-3 BUENOS AIRES/SANTOS MV "EVER GENTLE" V.0350-084W1,030 words
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Advertisement1726 2000-07-25 35 IQVISSEI VOY HKG KHH I SIN I PKL PXB BAB PMM BIK IRAN TEHRAN PCL-164 20/07 22/07 27/07 28/07 04/08 05/08 07/08 09/08 IRAN TABATABAEI PCI-165 27/07 29/07 03/08 04/08 12/08 13/08 15/08 17/08 IRAN ISFAHAN PCL-166 03/08 05/08 10/08 11/08 19/08 20/08 22/08 24/08 IRAN BAAKERI PCL-147 10/08 12/081,726 words
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Advertisement2278 2000-07-25 35 NEW SIKVICE 1 CK DIRECT TO COLOMBO I IN 5 DAYS I 2_ EVERY WEDNESDAY J IGENIRAi AGCNTS IN SINGAPORE: 80 ROMNSON RD TIL 226 1900 FAX: *****08 OUTWARD (l/l) T COSTAR SHIPPING PTE LTD #12-00 sales/kkgs 4?osss7/43 inward dipt (D/O) *****86 .COSTAR AGENCIES (M) SDN BHD CR NO: H2,278 words
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Advertisement388 2000-07-25 37 BSA i. ymm MYANMA pßk FIVE STAR LINE W (Myanmar National Line) Loading for Yangon VESSIL VOY SIN ffl KN PGU MAWLAMYINE TOW SIO SAGAING MW SU) MALAYSIA AGENTS: lOUSTUO SHIPPtNG AGENCIES KUC HI 03-*****00 PKL HI 03-*****101 PEN: TU 04-*****02 PGU; TEL 07-*****21/4 BANK LINE (A service of Andrew388 words
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Advertisement1218 2000-07-25 37 HMNEHYUNDAI MERCHANT MARINE CO., LTD. vcsa voy "sST sou lia I rtm aw ham orv Ivcsa I vor sou Iw mn I ant I haw I orv aw HYIARON 327W 27/07 14/08 19/08 16/08 17/08 APIPEARI 0161 12/07 11/07 08/07 29/07 Aft am 021W 28/07 18/08 19/08 13/08 15/08 RHRB1,218 words
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Advertisement743 2000-07-25 37 vftr WALLENIUS WILHELAASEN TO NORTH AND UTIN AMERICA aR "WO HIAVTUFT SERVICE' VESSEL VOY RAMP HEIGHT SIN UC MAO MIA I SAV IJU I Off I NYC MEW MOO TALAKOT AHOIS 4001 ms 6JM 29/07 2S/08 02/09 OS/09 07/09 09/09 10/09 12/09 16/09 19/09 TAMPERE AHOI6 4001 MM 6.3 M743 words
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Advertisement1827 2000-07-25 38 INDONESIA NATIONAL LINE TO AUSTRALIA I FULL COKTAIMER SERVICE va vcnr r*G sm hb m stb Mnrtovaai ns \i/v\t/v */w »/o/ oi/w m/w rawMDStMi nT omt »/w N/«joe ao«/« u/» virvorr t/T n/wi/w «7/o» n/w is/o« i»/w *nanuu> t*T it/nn/h u/m »/w n/w k/m FEEDER SERVICE TO INDONESIA «l VOT1,827 words
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Advertisement13 2000-07-25 39 "#TSf %$< We keep track of your container, always. http://www.ptp.com.my General Line: 607-504 222213 words
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Advertisement55 2000-07-25 41 I New Advertisers/Services/Agencies I STL CONTAINER LINE For Services To Vietnam Calcutta Mon/Wed/Fri Pg 7 STANDARD SHIPPING AGENCIES PTE LTD Offers Weekly FCL/LCL Services To EAST MALAYSIA PORTS DETAILS Pg 8 Shantou, Dongshan, ZhangZhou Turn to Pg 3 Worldgate Express Lines Wfallenius Wilhelmsen New Europe To MIDDLE EAST/ S.E. ASIA55 words
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Page 43 Miscellaneous
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Miscellaneous128 2000-07-25 43 /cW^, I"*" a < *T23E dZHfe^J LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Rain Temperature wj n <j direction and speed in knots Waathor v-/ r Cloudy Day weamer CX3 Ha7v Wind speed symbols Sea Conditions O Pull circle w/o line indicates calm or light and variable winds j128 words
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