The Business Times, 15 August 2000

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Total Pages: 46
1 46 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85C SINGAPORE TUESDAY. AUGUST 15, 2000 Interrior htto.//business-times.asial .com.sg/
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  • 73 1 OS*. (+26.14) 7PlPx"' n"-™ U 83M3 (+13.41) ST INDEX FUTURES 2419 (+31.00) SIMSCI FUTDBES 28L20 (+4.50) STOCK MAKKET INDICES Monday Change KLSE OOMP ***** -180 NKKEI225 16,***** +16.41 HANG SENG 161&8.06 -***** SET INDEX dosed JAKARTA COMP 604.07 1.72 MANILA COUP _1,***** -11.01 TAIPEI WPf 7348.87 —-125.78 SEOULCOMP
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  • 72 1 FOBEX RATES US* si uss -—nu £(USI/SJper£) 1.603 1676 EUR0{12S$/S®/E) 9.902 15W DM 1117 1186 YEN 1Q&8 «iO 811 UN 1218 HKS 7.800 4JH BAHT 4058 ».69 RUP1AH 8U0 i804 FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA -—.39.00 BANGKOK -.9.60 MANILA 11.00 HONGKONG 8.50 XAfPH 7.84 SYDNEY -8.50
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  • 797 1  -  Chairman and his wife to sell 63% stake to investor at 54 cents a share W Ven Sreenivasan, Tay Hong Seng [SINGAPORE] Three days after Links Island hit the headlines over the heavy short-selling of its shares by punters, the company's chairman surprised
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  • 543 1  -  It is taking steps to improve procedures relating to IPOs By David Boey [SINGAPORE] After more than a week of silence, UOB Asia yesterday tendered an apology for the insufficient disclosure that led to public criticism of its handling of the eWorldofSports.com (eWOS) initial
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  • 604 1  -  JI2SEB23 Parliament could take action if he does not heed guidelines on task-sharing From Yang Razali Kassim in Jakarta INDONESIA'S influential parliamentary Speaker said yesterday that President Abdurrahman Wahid could be impeached if he failed to heed guidelines now being drawn up by
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  • Page 1 Advertisements
    • 98 1 dispe BT Comment Office market enjoying boom from New Economy. But how long will it last? Pg 12 Top Stories Titanic clash over Indon Cabinet. M*xt Page Millennium Copthorne Hotels' interim up 59% to £38m. Pg 4 New chief set to steer MAS. Pg 15 DBS blocks staff from accessing
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    • 5 1 Megawati toughens stand, Next Page
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    • 118 1 i Island replies to SGX, Next Page Moreiwpor*»Pg6 m Code of conduct for underwriters of IPOs urged GKGohshouW be reprimanded too, say investors UOB revelation gives new twist to controversy. How managers/underwmws handled previous IPO shortfalls What readers say JT gerald genta W '-^ss^pr >Helßp CLASSIC "The simplest of the
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  • NEXT page
    • ON THE grapevine
      • 89 2 STARHUB is sounding out banks for short-term finance, according to leading Asian debt markets newsletter basispoint. It says the amount of government compensation to Singapore's third telecom operator has not been announced, so Star Hub cannot draw down its $931.2 million project finance. Given the large
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      • 101 2 WE hear Thai business tycoon Taksin Shinawatra is shelling out serious money to fly Tiger Woods to Thailand in November to take part in the Johnny Walker championship at Mr Shinawatra's Alpine Golf and Country Club. Tiger's mother's Thai nationality has given rise to
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      • 77 2 RICHARD Witts, veteran managing director of United Mok Ying Kie, was quoted in regional financial magazine The Asset as saying his resignation after nine years with the firm was partly a result of the proposed merger of UOB Securities and Kay Hian Holdings. "Well I must admit that was
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    • 257 2  -  From] Eugene Low in Kuala Lumpur SENIOR Minister Lee Kuan Yew arrived in Kuala Lumpur yesterday on a four-day informal visit to Malaysia, the first in a decade. He will call on Malaysian Prime Minister Mahathir Mohamad this afternoon, during which
      GEORGE CASCON/ST  -  257 words
    • 806 2  -  BTIsVWIIUMj She is demanding for comeback of Wiranto, Kwik and Laksamana From 1 Yang Razali Kassim in Jakarta SUPPORTERS loyal to President Abdurrahman Wahid took to the streets yesterday in a sign of escalating tension, as the president and Vice-President Megawati Sukarnoputri squared up
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    • 500 2  -  Winstedt Chong managing director This is Links Island Holdings Lid's reply yesterday to the Singapore Exchange on the recent substantial increase in the price and trading volume of the company's shares. We refer to your letter dated Aug 11, 2000. On Thursday, Aug 10,2000, Mr
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  • Page 2 Advertisements
    • 304 2 JB, The University of Hull A "Ranked Among UK's First Division Universities,' 99" THE QUEEN'S i ANNIVERSARY information A General Im uM A Strategic Mnrlrrtinri isaSooo If I Finance 7.00 pjn. Travel Tourism UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" PhD MA/BA Doctor of Philosophy in Business ft
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  • Page 3 Advertisements
    • 575 3 INBIiM IjßliiWfcMS ify>f i j ■BBBBBBK y PHKBBEEL < "AS* /J&;< 'Jfl K UOB Asset Management JHH Visitwww.iiobgroup.com/uobain/healthcare and watch Adam Puritz, from our investment about the investment opportunities in way helps you make MR-: IS. mm Everybody needs healthcare. So why not invest in it? TTWTTPn Young or 0,d
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  • SINGAPORE companies
    • 550 4  -  Better results in Asia, UK and US; turnover surges 116% to £322 m By] Marissa Chew LONDON-LISTED Millennium Copthorne Hotels has reported a higher interim net profit, fuelled by better results in Asia, Britain and the US, and earnings from new acquisitions. Net earnings
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    • 271 4  -  By] Bryan Lee ACHIEVA yesterday reported a sterling first-half performance, with net profit doubling to $3.9 million on turnover of $160.5 million, up from $119.8 million last year. Earnings per share rose to 1.19 cents, from 0.61 of a cent before. Net tangible assets
      SIEW YAW HOONG  -  271 words
    • 293 4 Reuters (WELLINGTON] New Zealand-based hotel company CDL Hotels and related companies, Kingsgate International Corporation and CDL Investments Ltd, yesterday all announced improved half-year profits for the six months to June 30. CDL Hotels posted a net tax paid profit of NZ$3.4l million (552.7
      Reuters  -  293 words
    • 197 4  -  Compiled by i Andrea Tan Harimau Investments has posted a 201.7 per cent rise in net profit to $13.9 million on a 157 5 per cent surge in operating income to $17.5 million in the six months to June. Net earnings per share were 23.08 cents, compared
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    • 627 5  -  paul thompson RECENT developments suggest that Singapore's corporate landscape may be about to change shape. The emergence of local companies with global ambitions, the possible recomputation of the MSCI Index, and the use of an overseas listing to finance expansion, have again
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    • 178 5 CHARTERED Semiconductor Manufacturing has beefed up its management structure by creating an office of the president. Barry Waite remains president and CEO but three executives will join him as members of the new office. They are Rob Baxter (senior vice-president of business operations),
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    • 696 9  -  BT»4!MHMMJ Named an Approved Oil Trader in 1998, CAO says listing likely by next June By' Tay Hong Seng THE Singapore-based trading arm of China Aviation Oil Supply Corp plans to list on the main board of the Singapore Exchange (SGX) in the
      AFP  -  696 words
    • 160 9 SEMBCORP Industries said yesterday its wholly owned subsidiary SembCorp Energy had bought a 30 per cent stake in a West Australian power plant for As2s million (5524.9 million) cash. SembCorp said it bought the stake in Kwinana CoGeneration Plant from Edison Mission
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    • 309 10  -  Sesdaq aspirant expects to launch IPO this month to raise company's image By] Bryan Lee MECHANICAL and electrical engineering services company Nylect Technology has received in-princi-ple approval to list on Sesdaq and expects to launch an initial public offer this month. Chief executive David
      SIEW YAW HOONG  -  309 words
    • 400 10 (KUALA LUMPUR] Genting Bhd group affiliate Star Cruises pic will apply to withdraw the listing of its shares on the Luxembourg Stock Exchange after it has secured a listing for all its shares in Hongkong, The Sun newspaper reported yesterday. It will,
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  • Page 4 Advertisements
    • 447 4 CLAREMONT HEIGHTS LTD (incorporated in the British Virgin Islands) CONDITIONAL CASH OFFER f FOR CARNAUDMETALBOX ASIA LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF DESPATCH OF OFFER DOCUMENT The Development Bank of Singapore Ltd wishes to announce, for and on behalf of Claremont Heights Ltd ("CHL" or the "Offeror"),
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    • 193 4 (4 15 August 2000 Sunlight SUNLIGHT GROUP HLDG LTD (Incorporated in the Republic of Singapore on 9 December 1998) INVITATION IN RESPECT OF 25,000,000 NEW ORDINARY SHARES OF $0.10 EACH AS FOLLOWS: (A) 2,500,000 OFFER SHARES AT $0.26 FOR EACH OFFER SHARE BY WAY OF PUBUC OFFER; AND (B) 22,500,000
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  • Page 5 Advertisements
    • 7 5 < r- <•■• "!MBB^~ IttttStt^-'--J*-' ii i- j. r <&*
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    • 272 5 'U r* I "One thing I've learnt to expect is the unexpected" |ll X i C -J? H" j?* >'■< ••>•••' \s i jjfcjL' ?v v "4. JHfc "~t jjj- js% i f]-,'' -f i^- rMar'rrir^^y^^^^^^* i -tjets w«MBH»**Ky -^%jMmfa -^B t J v il^i^iiiMi^H[^^^^^^B^ -TBS*?? \±^B/^Wkßm£KmSmUß^^^BSmmß^BS 11 1 HI
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  • EWOS saga
    • 470 6  -  UOB Group's $5.7 m paper loss is more than double the $2.2 m commission By. David Boey UOB Asia may have known from the start the market could give the cold shoulder to the eWorldofSports.com float. And such concern would have been
      Source: Bloomberg  -  470 words
    • 437 6  -  By- Ling Su Ann THERE is no general rule in Singapore prohibiting lead managers and underwriters from subscribing for the retail portion of initial public offers they handle. But a BT survey has revealed it is not the general practice in other
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    • 196 6 ALTHOUGH the spotlight has been on UOB Asia as lead manager of the controversial eWorldofSports IPO, some investors have pointed the fmger at co-underwriter GK Goh Stockbrokers —and demanded it too be reprimanded. In a statement on Friday reprimanding UOB Asia for giving
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    • Article, Illustration
      275 6 How managers/underwriters handled previous IPO shortfalls Date: Jan 1998 Issuer: Maqnacomp Int I Manager/underwriter: The public tranche of the IPO was 8.6% under-subscribed, with the excess shares placed out to institutional investors. e Data: Oct 1996 Issuer: NatSttsl Broadway Manager/underwriter: QEHECQ The public tranche was under-sub-scribed by more
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    • 91 6 to our online survey on the eWOS IPO saga* TIM twos IPO WM an unmitigated disaster. Tt* SOX should: 1. Ban managers and underwriters from &2% subscribing to private placements and public tranche shares of the IPOs they are involved in 2. Ban managers and underwriters from Issuing
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    • 238 6  -  Chung Kwong Meng Associate Financial Consultant, LUA I REFER to the many media reports about and the public response to the eWOS saga. I have a different view. Many have called for steps to ensure more transparency, such as making IPO managers and underwriters disclose
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    • 134 6  -  Ng Kwong Chong Singapore via Internet I REFER to your article, "Stock exchange reprimands UOB Asia over eWOS IPO" (BT, Aug 12). It is reasonable to expect bankers to carry out their business professionally, properly and ethically. The market will judge them
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    • 48 6  -  Loo Mean Yuan Singapore via Internet TO maintain its reputation as a trustworthy bank, UOB Asia should buy back all eWOS shares at a higher price maybe 60 cents a share to compensate investors who had subscribed for the eWOS IPO.
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    • 340 6  -  WHAT BPtnCTB SAT Thomas Ng Singapore via Internet WHY the big fuss over eWOS? Who says the price of a stock has to go up after an initial public offering? And if it goes down, do you call that an
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  • Page 6 Advertisements
    • 126 6 Bone of contention isssfl What the UOB announcement did and did not say The SQX took UOB Asia to task for this announcement in The Straits Times on Aug 4, two days after the offer closed. While the announcement says the public tranche had been 'approximately 1.3 times subscribed 1
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  • Page 7 Advertisements
    • 331 7 More than meets the eye. jJM jfl \w ,'-M The New DBS American Express Credit Card. Exclusive Founding Member Privileges r Apply now and receive lifetime Founding Member status. Your privileges will More benefits than you can imagine. include a limited-edition Founding Member Card, double PERKS during special annual promotions,
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  • SINGAPORE markets
    • 174 8  -  WARRANT WATCH Ven Sreenivasan THE warrants of Noel Gifts rose 12.5 per cent, or half a cent, to 4.5 cents yesterday. The underlying shares of the gift and packaging specialist closed at 25 cents on Thursday. They were not traded yesterday or Friday.
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    • 527 8 Slocks Vo*ums NWTech5c 41.122.000 AddvafTech 2 5c 20,181,000 TTInt 15c 17,793,000 MediaRing 10c 15,128,000 Ionics P$1.00 13,648,000 Reed Grp5c 12,997,000 PKTech5c 12,447,000 Achieva5c 12,085,000 Links Island 10c 12,038,000 North 22 US1c 10,327,000 Stocks > UOB 39,319,060 DBSGrp 39,155,712 JIT Hkjgs 10c 39,019,040 OUB 35,618,950 SIA 29,223,459 Nat Elec 10c 22,624,420
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    • 536 8  -  STOCKS ven sreenivasan THE Singapore stock market yesterday started the week on a positive note, rising for the third straight session on a gradual improvement in sentiment. Technology counters were the most prominent gainers, boosted by last week's announcement of
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    • 233 8  -  HOT STOCK By' Ven Sreenivasan DATACRAFT Asia shares rose 10 US cents to US$7.9O yesterday on 209,000 units. From a technical viewpoint, the stock is trending sidewards in a filled triangle formation. In other words, it looks likely to oscillate within the US$7.5O to
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    • 137 8 ♦OVERSEAS Union < i Securities will be trading ex-dividend (interim dividend of three cents tax exempt) on Aug 21. Last day for buying-in on a cum basis is on Aug 24. Date payable is on Sept 1. ♦OVERSEAS Union Enterprise will be trading ex-dividend (interim dividend of six
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    • 336 8  -  CURRENCIES larry wee REGIONAL currencies continued to be buoyed as the rupiah made further gains yesterday, but further advances could well be limited by the US dollar's stronger tone elsewhere. The Indonesian unit captured a further 1.4 per cent gain to end
      Source: Reuters  -  336 words
  • Page 8 Advertisements
    • 252 8 electron icAsia 2000 International Trade Fair for Components, Assemblies, Electronics Production and Display Technologies in-corporating World of Display Technology October 11-14,2000 Hong Kong Convention and Exhibition Centre A Mega Event Not to Miss The Ideal Sourcing Opportunity Visit Asia's foremost electronics trade fair, electron icAsia 2000, to source the latest
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    • 50 8 I YOU CAN NOW PUT YOUR CPF SAVINGS IN EIGHT. important All applications tor units in eight must be made on the application forms accompanying the prospectus investors must read the prospectus The value of the units and the income from them mav fan as well as rise >I<l >r.SK'
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  • Page 9 Advertisements
    • 12 9 Btoday©**^**. ilianhe Zaobao Can HK and Taiwan property markets be salvaged? "•EBH?
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  • Page 10 Advertisements
    • 110 10 Head Office:4 Chang Cham Rd, Singapore *****3 Sole Agent: fBIISVIGW VjOIT Pte Ltd Tel: 476 0955 Fax: 476 0977. Email: transview.goM@pacific.net.sg #02-46/47/48 Specialists' Shopping Centre. Tel: 732 0955/6 #01-05 Mandarin Hotel Shopping Arcade Tel: 738 1155 #02-25/26 Far East Shopping Centre Tel: 732 6861 3rd Floor, Isetan Scotts, Shaw House
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    • 120 10 GEO CS) <s>) (§7 (2) |jjr s.C CW 3R!?Kt:R f) R£CJ IPO V.•'« .H BLZZ BRc.AKOUI ECONOMIC FLASH www.asiaxis.com provides objective, unbiased and insightful financial news and information. We aim to deliver greater depth and insight to the avid investor. Our intuitive financial tools are designed to empower and enhance
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  • SINGAPORE news
    • 470 11  -  But DOS says by 2020 more men will make it to 'old-old' ranks those aged 85 and above Byi Anna Teo WOMEN live longer than men, and Singaporeans are no exception. Singapore's some 150 centenarians last year were predominantly women as were its
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    • 260 11  -  By Marissa Chew WHOLESALE prices continued to climb in June, as fuel prices rose on strong demand and tight supply. Fuel prices have been rising for many months due to production cuts implemented by the Organisation of Petroleum Exporting Countries (Opec). An agreement to
      Source: Dept of Statistics  -  260 words
    • 722 11  -  By' Tay Hong Seng CHINA'S entry to the World Trade Organisation will create billion-dollar opportunities in the education and training business. And Singapore is poised to get in on the action. China needs to recruit about 300,000 MBA graduates to help prepare its many
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    • 624 11  -  BTia'miuwj It plans to double its capacity over the next 12 months By' Tay Hong Seng CYNICS have written off Singapore's marine services sector as a sunset industry with a many small players and outdated vessels. But JS Marine Technology believes the need
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    • 497 11  -  Shipment of S'pore-made goods seen rising 12%, np from 10.5% in June n,, Chuang Peck Ming SINGAPORE'S export picture in .July is largely similar to that of June, according to private sector forecasts. Offering estimates ahead of the release of official figures on
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  • Page 11 Advertisements
    • 342 11 your PRESCRIPTION to Asia's Premiere Medical, Healthcare, Occupational Safety Health Showcase 29 to 31 August 2000 Singapore International Convention Exhibition Centre HOSPlAAedica J A A Health Exhibition for Asia HOSPlMedica ASIA 2000 100 exhibiting companies from 20 International Exhibition on countries featuring the latest in OSH Hospital, Pharmaceutical, Medical products
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  • FOCUS property
    • 674 12  -  _HrnrTT7im» PROPERTY Sodden surge In Q2 demand may not be sustainable In longer term If euphoria of liberalisation dies down lee han shih WHO would have thought office building owners would be among the first to enjoy benefits from the New Economy. The question
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    • 327 12  -  By. Andrea Tan SINGAPORE has become a more expensive place to do business compared to six months ago, going by the trend in prime rents. According to CB Richard Ellis, prime office rents in Raffles Place rose 8 per cent
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  • Page 12 Advertisements
    • 316 12 TONG CHUAN MANSION 1873.55qm I iEBSQi i (20,166.35 sqft) I \mm\ •Rotßatio2.l/height East subject to evaluation EST 8 Within Marine Parade sub-regional Centre •Minutes to beach/ .Mill™ f Pafade ECP/good schools o D Tender closing date: l! S U Sept 13,2000 (4 pm) "j Realty Services "4 371 Beach Road
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    • 520 12 ENG WAH ORGANIZATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Second ANNUAL GENERAL MEETING of ENG WAH ORGANIZATION LIMITED will be held at the Colonial Room, The American Club, 21 Scotts Road, Singapore *****9 on Friday, 1 September 2000
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    • 97 12 5-Storey Detached Factory At No. 9 Bukit Batok Street 22 5-storey detached factory with ancillary office and a basement carpark Land area: approx. 67,400 sq ft Gross floor area: approx. 157,440 sq ft HDB leasehold 30+30 years wef 1 Feb 1993 Excellent as corporate headquarters lUJg Debenham H| Tie Leung
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  • SINGAPORE news
    • 404 13  -  RTiamiui'jj It's eyeing 100,000 sq ft on second floor for first signature store in Asia By\ Kalpana Rashiwala AUSTRALIAN retailer Harvey Norman is in advanced negotiations to lease 100,000 sq ft at Millenia Walk for its first signature store in Asia,
      FILE PHOTO  -  404 words
    • 292 13 Asking price now $37m, $7.6 m below last Sept's quote THE Lengkong Apartments in Kembangan are up for collective sale again the second time in less than a year. This time, however, the price tag is lower at $37 million and
      292 words
    • 259 13 Estimate excludes service charges, property tax THE Novena Square project will generate gross rental income of about $65 million a year when fully let. The estimate before service charges and property tax is based on average rental figures provided by majority
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  • Page 13 Advertisements
    • 18 13 ISB GARAGE SALES Rummage here for a treasure trove of great finds. fa CATAI The Straits Times Classified
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  • EDITORIAL & opinion
    • 744 14  -  wxnnsEsm OPINION shada islam The writer is BT's Brussels correspondent AUTUMN in Brussels looks set to be dominated by negotiations on a new European Union treaty designed to prepare the 15-nation bloc for eastward expansion Many of the reports on the inter
      744 words
    • 92 14 'Love is always a detour whereby one returns to oneself, finds oneself again.' Francois de Singly author of "Libres Ensemble" (Free Together), on the terrible pitfalls of giving up one's identity to become a partner of someone else. 'From the very beginning of the Yugoslav crisis in
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    • 620 14 EDITORIAL ATOP Thai politician has been found guilty of falsely declaring his assets and banned from politics for five years. That this could happen at all in Thailand long known to be tolerant of its wayward politicians is indicative of the change in public attitude
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    • 1300 14  -  Globally, the US accounts for 75% of the defaulted bonds by amonnt and 85% by number of companies By\ Robert D Hershey Jr NYT WITH the economic expansion setting records for longevity, much of American business is revelling in prosperity. But
      NYT; USA TODAY  -  1,300 words
    • 819 14 Trast Jeopardised THE European Commission suspects Dutch banks of setting a fixed price for the exchange of currency. Since the euro's introduction in 1999, the exchange rates of European currencies among each other have been fixed. This means the banks no longer risk fluctuations in the
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  • MALAYSIA news
    • 502 15  -  Report says Tenaga boss may take over from current MAS chairman Tajudin From Eddie Toh in Kuala Lumpur AN outsider may be appointed to manage Malaysia Airlines as part of the "broadbased" plan to pave the way for the entry of
      AP  -  502 words
    • 167 15 KUALA LUMPUR AFX-Asia MALAYSIAN Resources Corp Bhd has received creditor approval to defer the payment of debts amounting to RM99O million (*****.6 million) due at end-July to October, The Edge reported, citing sources. They said the deferment will allow Malaysian Resources to
      AFX-Asia  -  167 words
    • 91 15 KUALA LUMPUR AFX-Asia TIME Engineering Bhd said it has held talks with several parties including France Telecom, Cable Wireless and NTL Corp, for a strategic partner for its unit Time dot Com Bhd. The company said in a statement to
      AFX-Asia  -  91 words
    • MARKET moves
      • 80 15 Bloomberg PLANTATION stocks declined after some of them posted slowing earnings, hurt by lower palm oil prices. PPB Group Bhd on Friday reported a 50 per cent drop in profit to RM61.5 million (Ss2B million) for the six months ended June 30. PPB fell eight sen to
        Bloomberg  -  80 words
      • 92 15 Bloomberg TELEKOM Malaysia Bhd fell 50 sen, or 4.5 per cent, to RM 10.70, its lowest in more than 10 months on concern it may lose its dominant position in Malaysia's telecom industry as its rivals boost their services to attract more customers. Yesterday marked its fourth
        Bloomberg  -  92 words
    • 660 15  -  Bondholders, seeking more out of deal, could prove to be obstacle hYwn 1 Diana Oon Abdullah in Kuala Luwf/ur HIGHWAY operator Plus is likely to miss its target for flotation before the year is out as negotiations with bondholders crucial to its
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  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 220 16 JWh mi HP HP IV HP HP HP HP HP jUI jm HP New Name. New Logo. Still as Sharp. f '4 EDC3EJVIATRIX I*J I connecting the dots Previously known as The Edge Consultants, our team embarked on a mission to jumpstart the New Economy in Asia Pacific by deploying
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  • e-NEWS
    • 479 17 Site targets upper-income bankers, lawyers and professionals Bloomberg [HONGKONG] When DBS Group Holdings Ltd's Hongkong employees posted comments about management at its securities subsidiary on a gossip website in June and July, the bank asked the Internet firm to pull the messages.
      Bloomberg  -  479 words
    • 368 17 NEW YORK JP Morgan, Merrill, CSFB will take USs4om equity stake in PlnsFnnds FT A TRIO of Wall Street banks is making a strategic investment in Plus Funds, a company seeking to broadcast realtime hedge fund performance and risk information over the Internet. JP
      FT  -  368 words
    • 236 17 LONDON Move to compete with FX Alliance's service: sources Reuters THREE banking heavyweights in foreign exchange Citibank. Chase Investment Bank, Deutsche Bank and Reuters are working on an online multibank foreign exchange dealing service to rival one unveiled by FX Alliance earlier
      Reuters  -  236 words
    • 408 18  -  Deal gives HE conglomerate vehicle to bid for one of Italy's five 3G mobile phone licences Fromi Quak Hiang Whai in Hongkong LI Ka-shing's Hutchison Whampoa Ltd has taken control of Italy's Andala SpA, giving the Hongkong conglomerate a vehicle to bid for
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    • 382 18 LONDON Sonera is looking for partner; Goldman Sachs is assisting it The Daily Telegraph, Bloomberg Bloomberg ORANGE, the UK mobile telecoms company, is understood to be in preliminary talks to buy Sonera, the Finnish mobile telecoms company, for around
      The Daily Telegraph, Bloomberg; Bloomberg  -  382 words
    • 292 18  -  38% redaction will rein in barn rate at USslm a month Fromi Quak Hiang Whai in Hongkong HONGKONG-LISTED portal renren Media Ltd, which is linked to Rupert Murdoch's News Corp, has become the latest to join the growing number
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    • eBriefs
      • 127 18 AFX-Asia [HONGKONG] Tom.Com is to acquire stakes in a sports portal and an advertising and event management firm for US$5O million (SsB6 million) as part of its efforts to build a sustainable revenue base, the South China Morning Post reported. The firm has signed
        AFX-Asia  -  127 words
      • 60 18 AFP [MAINZ, Germany] Bids for a licence to operate third-generation mobile phones in Germany exceeded 36 billion euros (Sss6 billion) as the auction entered a third, and possibly decisive, week yesterday. At the end of the fifth round of bidding yesterday, the
        AFP  -  60 words
      • 64 18 Bloomberg [LONDON] Dixons Group Pic said it will combine its electronic games and software business with Gameplay.com Pic to sell video and computer games. Dixons will receive 6.8 million new Gameplay shares, worth £14.7 million (Ss3B million), and pay £5 million for a further
        Bloomberg  -  64 words
      • 41 18 Reuters [TOKYO] Softbank E-Commerce Corp, a unit of Japanese Internet investor Softbank Corp, said it will start an online Japanese job-hunting service on Sept 1 for holders of MB As with Global Workplace Ltd. —Reuters
        Reuters  -  41 words
      • 51 18 AFP [PARIS] British Internet retailer lastminute.com said yesterday it has bought French Internet travel retailer Degriftour for 98 million euros (Sslsl million) Lastminute.com, which already sells leisure services as well as consumer goods online, says the purchase will make it Europe's third-largest online retailer.
        AFP  -  51 words
      • 31 18 AFX-Asia [HONGKONG] Gigamedia Ltd and Sega.Com Asia Ltd have signed a memorandum of understanding to provide online game services in Taiwan, GigaMedia vice-president Chris Tung said. AFX-Asia
        AFX-Asia  -  31 words
    • 330 18 PALO ALTO, California Reuters US venture capital (VC) investments in young private companies hit a new record during the second quarter of this year, although several of last year's hot Internet businesses saw a decline in funding since the first quarter,
      Reuters  -  330 words
  • Page 17 Advertisements
    • 367 17 Just a glance at Nissan Cefiro's power styling causes envy to other car owners. Imagine then, being in control of this beauty that's ripped through the rankings and remains unchallenged as Singapore's best-selling 2-litre car.* In a comprehensive all-round comparative performance test by Road Track magazine (May 2000), Cefiro beat
      367 words

  • Page 18 Advertisements
    • 1489 18 I NOTICES ©DBS LAND USsl2om Floating Rate Notes due 2001 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 15 Aug 2000 (inclusive) to 15 Nov 2000 (exclusive), the Interest Rate payable on 15 Nov 2000 is as follows: Interest 6.9875%
      1,489 words
    • 141 18 Mergers Regional Taxation A f*fi f/| Skltl fift V k Indonesia Thailand Philippines <tnnn qaa i g in.i-l- 12 September 2000) 8.30 a.m. to 5.30 p.m. 31st August 2000, 9.00 am to 5.30pm Marina Mandarin Sincaoore Inter-Continental Hotel, Singapore Marina Mandarin. Mngapore Are Current Valuation Methods Appropriate? What are the
      141 words

  • Page 19 Advertisements
    • 215 19 1111. l)OI I MI NI W niJIXIUOX OH* P*m>or ot JOOO o*vr?n»w i»* <*•» v < 'y\ > V f \w j# -J" 1 I r 1- J "S Z if r 7 Q 2 4k I v\ J* V «V V < LA in v i r|(v 7f t
      215 words

  • REGIONAL news
    • 490 20 With USsloom investment, it plans to provide Internet, IDD services PATRICK Cheung, former head of Lazard Asia Investment Management, is spearheading a group of investors looking to expand into Asia's telecommunications and Internet market through satellite links out of Hongkong. Mr Cheung, who made history
      490 words
    • NOTEBook
      • 58 20 Bloomberg [HONGKONG] Merrill Lynch Co and PT Danareksa Sekuritas were shortlisted to manage a sale of Indonesian government shares in PT Bank Central Asia that may complete the privatisation of the lender. Indonesia promised the International Monetary Fund that its bank rescue agency would sell its remaining
        Bloomberg  -  58 words
      • 27 20 Reuters [JAKARTA] Indonesia will ban owners and executives of 10 troubled banks from leaving the country, Attornev-General Marzuki Darusman said vesterdav.
        Reuters  -  27 words
      • 68 20 Reuters [SINGAPORE] Indonesia's decision to halt its buying and an anticipated fall in Vietnam's rice output is expected to cut Asian rice exports by about 15 per cent in 2000, traders said yesterday. "We certainly expect a fall in Asian rice demand. With
        Reuters  -  68 words
    • 206 20 JAKARTA Details will be oat after new Cabinet is confirmed Bloomberg DETAILS of Indonesia's restrictions on foreigners investing in telecommunications. broadcasting and Internet-related businesses will not become clear until President Abdurrahman Wahid confirms his new Cabinet. Cabinet members will have
      Bloomberg; FILE PHOTO  -  206 words
    • 513 20 KUALA LUMPUR They face problems of pricing, control of merged entity WITH just two weeks to go, industry observers have expressed doubts whether four banks can meet an Aug 31 deadline under the bank merger programme enabling them to
      513 words
    • 59 20 AFX-Asia [KUALA LUMPUR] Finance Minister Daim Zainuddin said banking institutions will be able to meet the endDecember deadline to complete their respective merger exercises and begin operations as merged entities as early as next year, Bernama news agency reported. "I believe they (the
      AFX-Asia  -  59 words
    • 199 20 JAKARTA Bloomberg INDONESIA will sell its stake in Mosquito Coil Group (MCG), the nation's largest mosquito coil maker, by the end of October, in a bid to recoup money that the government spent keeping PT Bank Central Asia afloat. The
      Bloomberg  -  199 words
    • 259 20 TAIPEI Import growth quickened, shrinking trade surplus; falling stocks cut demand Bloomberg TAIWAN'S economy posted slower-than-expected growth in the second quarter as import growth accelerated, shrinking the trade surplus, and a sliding stock market crimped domestic consumption. Gross domestic product grew 5.4 per cent
      Bloomberg  -  259 words
    • 410 21 TAIPEI It names Vice Transport Minister Mao Chi-kuo, a US-trained engineer as the chairman Bloomberg, AFX-Asia, Reuters THE Taipei government is apparently pulling out all stops to ensure its privatisation of Taiwan's Chunghwa Telecom succeeds. It has named a UStrained engineer
      Bloomberg,; AFX-Asia,; Reuters  -  410 words
    • 219 21 NEW DELHI AFP INDIAN industry cheered yesterday a government decision to open up domestic long distance telephone services to private firms and forecast an imminent slashing of calling rates. "It is a very welcome decision by the government. There will be competition and
      AFP  -  219 words
    • 311 21 HONGKONG HK-based investors can now sell 30% of shares Bloomberg PETROCHINA Co shares fell after China's largest oil company relaxed early a restriction on sales by some corporate investors of as much as 3.6 per cent of its publicly traded stock. Hongkong-based investors.
      Bloomberg  -  311 words
  • Page 20 Advertisements
    • 1446 20 Union de Banques Arabes et Francaises Head Office: 190 Avenue Charles-de-Gaulle, ***** Neuilly Cedex, France. Singapore Branch: 6 Temasek Boulevard, #25-04/05 Suntec Tower 4, Singapore *****6. CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND LOSS ACCOUNT as at December 31,1999 for the year ended December 31,1999 1999 1998 1999 1996 (Thousand of
      1,446 words

  • Page 21 Advertisements
    • 212 21 £?Sg STRONG MARKET-DRIVEN ENTREPRENEUR SME Isn't it reassuring that we see you in a different light? With Keppel Tat Lee Finance, you never have to feel small. Talk to us. I'»]' Tj I Tat Lee Finance 1 we share your vision 3 yfc W:635*008 I H I u»l liili HliiiUga
      212 words

  • WORLD news
    • 554 22 SYDNEY The merger could boost liquidity and capital raising for New Zealand firms Reuters THE Australian Stock Exchange (ASX) said yesterday it was in talks on a longmooted merger with its smaller New Zealand cousin, potentially boosting liquidity and capital raising for New
      Reuters  -  554 words
    • 282 22 FRANKFURT AFP The European Central Bank increased the cost of borrowing in the 11-country euro zone yesterday under the variable-rate auction of funds through its regular refinancing, or "refi", operations amid market expectations of an increase in official rates soon. The ECB allocated funds at
      AFP  -  282 words
    • 443 22  -  Mated market reactions bring comfort for BOJ governor From Anthony Rowley in Tokyo TOKYO financial markets reacted calmly yesterday to Friday's decision by the Bank of Japan (BOJ) to end its 18-month-old "zero interest rate" policy, with the stock market closing surprisingly
      443 words
    • 313 22 WASHINGTON Stronger-than-expected rise led by durable goods stocks Reuters US business inventories piled up at a stronger-than-expected pace in June, the government said yesterday in a report giving the Federal Reserve more breathing room to hold interest rates steady when it meets next
      Reuters  -  313 words
    • 394 22 LOS ANGELES Reuters DEMOCRAT candidate A 1 Gore has cancelled out Republican George W. Bush's post-convention bounce and almost erased his lead in the US presidential race, according to a new Reuters/Zogby poll published yesterday. The poll of 1,005 likely voters conducted
      Reuters; AFP  -  394 words
    • Article, Illustration
      772 23 NYT Turning bank branches into a shopping destination REMEMBER the last time you stopped in your tracks at the sight of the display in a bank branch window, lingering to windowshop or even drawn irresistibly through the door and into the bank to browse? Right. The 21st-century bank
      NYT  -  772 words
    • 351 23 Some firms have gennine reasons to pay large sums: Hay The Daily Telegraph MORE than a third of the chief executives running FTSE-100 companies are paid over Elm (552.6 million) a year, according a detailed survey by Hay Management Consultants. Damien
      The Daily Telegraph  -  351 words
  • Page 22 Advertisements
    • 484 22 Yes I want to subscribe to th« new for 9 month* at $168.00 and r»c«tv« my free gift* k. *\£VJ I Name:(Mr/Ms/Mdm) l/C or Passport No.: Profession: Address: Portal Code: (HP) (Fax) (Email) if you currently do not subscribe to any other SPH newspaper besides Lianhe Zaobao. the monthly delivery
      484 words

  • Page 23 Advertisements
    • 213 23 < r- r*4 f- n V f '1 I y' Infinite Flexibility. You've got your business up and running and just about covered ecßeans™ Product Suite everything. Now, back to the drawing board. Because the worst scenario is somewhere down the road, your e-business hits a rii r Dmoril j
      213 words

  • FINANCE & commodities
    • 307 24  -  SGX Derivatives Tradln^Reports ST Index/MSCI S'pore Index Chan Yet San Refco Singapore THE Singapore stock market yesterday ended at its highest close in three weeks. The Straits Times Index rose 1.24 per cent to close at 2,127.14 points. Within the index, 28 counters
      307 words
    • 254 24  -  MSCI Taiwan Index Chan Yet San Refco Singapore THE Taiwan stock market ended down yesterday on concerns that President Chen Shui-bian's tour of six countries might anger China. The MSCI Taiwan Index lost 1.66 per cent to close at 347.66 points. Trading volume
      254 words
    • 199 24 ENERGY REPORT Reuters [LONDON] Robust oil prices held firm yesterday amid defiant talk from Venezuela about resurgent market strength and worries about low US crude stockpiles. Benchmark Brent crude for September was 15 US cents firmer at U5530.72 a barrel, up a robust 15
      Reuters  -  199 words
    • 332 24 London THE yen extended earlier losses yesterday, staging its biggest decline against the US dollar as dealers shifted their focus back to the potential impact of last week's rate hike on Japan's fragile economy. The Bank of Japan abandoned on Friday its 18-month-old near-zero interest rate policy and
      332 words
    • Article, Illustration
      1272 24 DfTERBAME CROSS RATES Any it A$ C$ Bntb Euro Ffr Dm HK$ Ind Rs Buplah Yen Won BM HZ$ Pafc Rs Peso S$ Band Sfr NT$ B*lrt Poond US$ Australia 0.858 4.802 0.641 4.205 1.254 4.512 26.463 47.611 0.629 6.454 2.198 1.292 30.892 25.972 0.991 3.983 0.996 17.986 23.473 0.385
      1,272 words
    • 1965 24 8IC0M FUTURES Aug 14 RUB8ER (futures closing as it S.30pn) RSS1 CONTRACTS cwtsAg; Close Voluma Open Month High Lew Sett (towns) Interest Sap 00 109.00 Oct 00 110.50 Nov 00 m.75 Dec 00 113.00 RSS 3 CONTRACT (US cants/lg) Volume Open Month High Low Sett (tonnes) Interest Sep 00 60.00
      1,965 words

  • STOCKS east asia
    • 2896 25 HONGKONG Reuters CI Hang Seng -216-36 HONGKONG stocks ended just below their 17,000 support level yesterday with leading telecom and technology counters Pacific Century CyherWorks and China Mobile contributing over twothirds of the Hang Seng's losses. Other tech stocks also suffered
      Reuters  -  2,896 words
    • 2027 25 AFP Q Nikkei 225 +36.41 SHARE prices in Tokyo rose 0.2 per cent yesterday as investors shrugged off higher Bank of Japan interest rates to chase high-technology issues. The Tokyo Stock Exchange's key Nikkei 225 Index gained 36.41 points to finish at
      AFP  -  2,027 words
    • Article, Illustration
      1063 25 Reuters n Shenzhen B Index *187 CHINA'S hard currency B shares roared to a 34-month closing high yesterday in active trade, reflecting solid follow-through buying after a market recovery late last week. The Shanghai B Share Index jumped 5.71 per cent to 74.03 points after breaching the key psychological
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,063 words
    • 414 25 AFP □WP Index -125.78 TAIWAN share prices closed 1.6 per cent lower yesterday in lacklustre trade as investors opted to stay out over political uncertainties during President Chen Shui-bian's state tour. The Weighted Price Index fell 125.78 points to 7,848.87, and turnover hit an 11-month low of NT539.65 billion.
      AFP  -  414 words
  • Page 25 Advertisements

  • STOCKS klse
    • 441 26 AFP CI Composite Index -13C MALAYSIAN shares closed 0.3 per cent lower yesterday amid institutional selling in the absence of fresh incentives, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 2.30 points to finish at 800.23. The Second Board Index
      AFP  -  441 words
    • 8979 26 INDUSTRIALS Consumer products 2000 Last Vol Day Net Cap High Loo Company Salt *000 Mlffl t— W 420 310 A|lnomoto 350 J£* 158 62 Ananas* 69 1 4 70 69 101.7 670 290 Apolk) Food Mlg 460 -2 4 462 460 10.0 184.0 3625 2700 BAT 50c 3525 25 556
      8,979 words
  • Page 26 Advertisements

  • SGX clob & regional stocks
    • 3207 27 BONDS A WARRANTS A _agu m Wrutt M duo U-«M* Leal Val Day IMIOMI* kw% turn* C«h tiar Mk MM Nt«* Lm CeaaMy W* »ar- 000) Hi* Lm »<t« Mii Mc* immo (Ml* Mn (*> C**tt«2 1*1 51.5 t3.5 t AcmaW*****4 14 uncn 32 15 13.5 13.5 14 14 41.0
      3,207 words
    • 302 27 AFP P| Composite Index +ILO4 SOUTH Korea's Composite Index yesterday rose 11.04 points to 733.25. Volume was 322 million shares worth two trillion won. —AFP An* 14 Won Anim Ski* M200 210 Tech MS 25 Central Bant 690 unch CheilComm *****0 6500 Dm Gu Bank 2130 50 Daesanq Corp
      AFP  -  302 words
    • 290 27 AFP Q Composite Index -ILOI PHILIPPINE share prices fell 0.7 per cent yesterday on prof-it-taking amid concerns about deteriorating law and order and the country's widening budget deficit. The Composite Index shed 11.01 points to 1,463.85. Turnover was worth 394.57 million pesos. —AFP At* H Peso OOP) MRC Allied
      AFP  -  290 words
    • 272 27 AFP QNZSE-40 +14.53 THE New Zealand stock market closed up 0.7 per cent yesterday in thin trade focused on corporate earnings, dealers said. The NZSE-40 Capital Index finished 14.53 points higher at 2,170.69. Turnover amounted to NZ554.44 million. AFP »uq M MS (000) Advantage HDS 2 76 016 157
      AFP  -  272 words
    • 564 27 AFP PI All Ordinaries +5.80 AUSTRALIAN share prices rose 0.2 per cent yesterday, driven by gains on Wall Street at the end of last week. The Australian Stock Exchange's All Ordinaries Index rose 5.8 points to 3,275.9 points. News Corp asked to be suspended, pending an announcement on its
      AFP  -  564 words
    • Article, Illustration
      770 27 AFP Q Composite Index -L 72 INDONESIAN share prices closed 0.3 per cent lower yesterday, led by Telkom and Indosat on profit-taking, dealers said. The Jakarta Stock Exchange composite index closed down 1.72 points at 504.07 on a volume of 780 million shares traded, which was worth 413.40 billion
      AFP  -  770 words
  • Page 27 Advertisements
    • 27 27 INTELLIGENCE CHANGES EVERYTHING. THIiBUSINESSTIMES The Bangkok market was closed yesterday £■4 1 Your weekly guide to pubs and lounges SfeMtS every Friday in The New Paper FastadsZ&E^/
      27 words

  • 10050 28 SGX MAXNBOARD Transaction date:Aug 14 Cr Cr M wt 52-Wk Last Vol Day Last Quote Olv Dlv VM Nat Cap Avq High Low Company Salt COOO) High Low Buyer Sailor C'm P/t Jmll Prtea MULTI-INDUSTRY 163 101 m c Acme SOc 112 -3 12 115 112 112 113
    10,050 words
  • Page 28 Advertisements
    • 68 28 f i4UDEMARSPIGUET Who is behind an Auoemars Piguet watch? 25 CortliuWatchCentre Regional Agrnt. Showroom ri Servicc Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watch Centre Pte Ltd r SOl ()rihar d Road *01-10/11 Whcelock Plate Singapore 2 )8880. Tel: 2)8 667 8 Fax: 238 6676. Raffles City #01-36 Tel: *****8*
      68 words

  • Page 29 Advertisements
    • 424 29 Where to wine, dine and entertain..."™"? -Definitely the first card in the world 4545 Roti prata, sashimi, torn yam prawns, drunken chicken or New Zealand Outlands roast sirloin beef. You'll also stand a chance to win two air tickets and hotel stay to New Zealand. Japanese Buffet Lunch $23.90 (Adult),
      424 words
    • 69 29 n IHHHHHHBBBSDBmmmHHHHHH CELEBRATE THE MID-AUTUMN FESTIVAL Make Mandarin Mooncakes your choice for the Mid-Autumn Celebrations. Order with us today tel: 732 8895 (trail Han*r Mandarin flj Simgpmr afflfi 331 Orchard Road. S.ngapore *****7 ■BiRT W 737 4411 Fax 732 2361 ■§|||EL of The Business Times I I I Kgjjjf. y.
      69 words
  • Page 29 Miscellaneous
    • 876 29 nnßTSnraTßa^Omtrtl v4n§f Judge Judy. 10.00 News On 8. 1030 Singapore Tonight. 1 7.00 Touched By An Angel. 1030 Master Ma. 1030 Inside Story. 300 AM Kids Central. Sesa 8.00 Phua Chu Kang Pte 12.20 Tuesday Midnight 1130 Asia Tonight. *P e s^£ eet Ltd. Movie: Soul Searching. 1130 Inside India.
      876 words
    • 260 29 CRYPTIC CROSSWORD ACROSS tropical! (6) 1 Stargazing after midnight, with 5 Musical instrument makes me particular interest in tables? (10) to 9° over Greek theatre 6 Book of achievements (4) 9 Formerly, heads of bracket- 7 Old newspaper around Open candtesticks (7) University is a special messen--10 Head of lough
      260 words

  • EXEC lifestyle
    • 850 30  -  Tourists hitting Sydney for the Olympics will find a cornucopia of flavours blended into modern Aussie cuisine, says wendt frew WENDY FREW Reuters WHEN international visitors travelled to Melbourne for the 1956 Olympic Games, they dined out on fish and chips, mixed grills or a
      Reuters; FILE PHOTOS  -  850 words
  • Page 30 Advertisements
    • 54 30 sne I k J I —X)»F«xiC«"I -»>.«■> I I I yfeIAUU 4 i 4. -y» V |jy> m w |A tgtfM Video Camera Live Camera Images J* lIK HI |C Flat Panel Touch Screen Movie Trailers and Previews 1 Lkl#l#llwll Card Reader Pin Pad On-Line Flight Schedules OH OrChSTCI ROSCI
      54 words

  • KNOWLEDGE economy
    • 2082 31  -  The wisest of pre-Net leaders are those who seek out the most visionary of the new generation, says Patrick t.ahtpt; PATRICK LAMBE This is the last of a four-part series. The writer is manager, business development, at the British Council. Visit his website on New Economy
      FILE PHOTO  -  2,082 words
  • Page 31 Advertisements
    • 327 31 25 -28 SEPTEMBER 2000 11 AM 6 PM SINGAPORE EXPO, SINGAPORE m ®sjooo_ fQ u> m Incorporating mm mWmm AIR filtration M PURIFICATION ASIA 2000 lirJP WATERTEC CHIWTEC asi* MOO f.viF.wiiniii imaiAMiHAii CBXSESSESSi gßMßWH^HltklilililJol..! HALLS 3 4 HALL 5 HIGHLIGHTS: HIGHLIGHTS: Some 1000 exhibitors from over 40 Some 250 exhibitors
      327 words

  • Page 32 Advertisements
    • 1706 32 The Experts That Work Multiple Layers Of Expertise: In The Horizon The Russell Portfolio Managef! Russell has a team of Port- ager then sets the alloca- changing markets Taking us behind the scents folio Managers who man- tions between the selected Keeping an eye out for new for a closer
      1,706 words

  • SHIPPING TIMES
    • 137 33 Reuters THE Baltic Dry Index (BDI) shed one point to 1,640, the Baltic Panamax Index fell three points to 1,572, the Baltic Handy Index gained one point to 1,107 and the Baltic Capesize Index eased two points to 2,250. At 1255 GMT, Biffex was unchanged from Thursday's close
      Reuters  -  137 words
    • 269 33 *m» m Cm Distribution 0.77 unch 0 ChuanHup 039 unch 295 Cosco mvastmant 0.20 unch SO GeSwoings 1 o!u inch 10 HaiStatHi* 0.37 unch *39 IMC HoMngs-HK 540 unch 0 Jaya Holdings 0.17 unch 187 KappaiCorp 3.90 -0.02 1)68 UppHfU: LOO -O.OI 196 (DUimrtw 0-28 002 974 KappMTala
      269 words
    • 565 33  -  Republic is third flag state to sign IMO annex to control air pollution from ships By Donald Urquhart [SINGAPORE] Singapore became the third flag state to sign a three-year-old international agreement last week designed to control air pollution from ships, according
      FILE PHOTO  -  565 words
    • 116 33 Reuters [HONGKONG] China Merchants Holdings, parent of China Merchants Holdings (International) Co Ltd, plans to channel one billion yuan (*****.4 million) into port businesses over the next two years, Hongkong newspapers reported last week. Of the one billion yuan, 200 million yuan
      Reuters  -  116 words
    • 458 33  -  Philippines aims to achieve fall compliance by 2002 Fromi Alec Almazan in Manila THE Philippines is to implement five key projects to fully comply with the requirements of the revised Standards of Training. Certification and Watchkeeping (STCW) 1978 convention. The
      458 words
    • AVIATION news
      • 469 34 Singapore Airlines is to replace its A3lO-300s and asks Boeing and Airbus for proposals AP [SINGAPORE] Executives from United States aircraft maker Boeing have been in Singapore to market the airline's 767 line of planes to national carrier Singapore Airlines. Boeing and its
        AP; FILE PHOTO  -  469 words
    • 313 34 Reuters |HANOI| Vietnam Airlines is to resume direct flights between Hanoi and Seoul in October, a service suspended during the Asian economic crisis because of a plunge in demand. "We will have three flights a week from Hanoi to Seoul." an
      Reuters  -  313 words
    • 187 34 PAGE Djak Lloyd 8 ACL 6 Oongimiw 3 ANL 3 Eistraw 6 Accord 8 ECl 4 Appenshtp 5 Assets 8 EvefgreM 6 Austral 8 I™"*" 9 Fuhai BalajiShpq 5 r 7~. BSA 7 GLmk 4 Gemartrans 6 BUn Mas 8 Hanoi, 7 7 Hanjifi 3 CM 8
      187 words
    • 19750 41 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Dest'n Name Name Number Number 25/08 04/09 NGPL HUA YUN HE V514 65 *****00 To ABIDJAN (ABJ) 2003 Cote D'I voire 2s/oa o*/n rcl huayunhe $12
      19,750 words
    • SHIPS IN PORT
      • 713 45 Vessel Voy No Berth Arrival Departure Kurmasejati 03/00 1o3 M/08/735 1V06/840 Jmg Yang 6100 JW 14/08/8 00 16/08/15 00 Winstar I 78SOO J03 14/06/7:00 14/08/23 59 C Skcks 14 Aug J09 14/08/8:20 14/08/17-00 BayswaterllB MOW J02 14/08/8 50 14/08/16:00 U 23 155 J02 14/08/9:40 MAM/17:30 Seita Maru 10
        713 words
      • 1941 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/Balanco Rstls Ship Voy No Etb/Btr Period From To From ACHIEVER J«9 W1200 II U/I5M 13/1*59 U/BM a u/iroo m/nh M/otoo 21 13/17-00 M/0*59 M/0900 3 M/oroo M/1159 m/moo 4 M/1200 M/M59 M/I7M AO I MUCUS MU B/BM O/BM MM
        1,941 words
      • 187 45 Auf 15 Germany: Assumption Day. Korea: Liberation Day. Aof 17 Indonesia: Independence Day. Aof 27 Philippines: National Heroes Day. Aug 28 United Kingdom: Summer Bank Holiday. Aaf 31 Malaysia: National Day. Sep 12 Korea: Harvest Festival Day. Taiwan: Mid-Autumn Festival. Bep 13 Hong Kong: The day following Mid-Autumn
        187 words
      • 797 45 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 market. Prices shown are based on averagesized stem. Market movements are indi cated The Cockett Bunker Price Index change and the
        797 words
      • 490 45 Ctrboo 180 Mm 990J 0.5 M.1 0 08 79 0.04 Aatt 3 Dmitv Motor RmMm Art AImMm M—l No rtOM £25 0 0 0 0 0 1 rr=- 300 AM 987J 0.4 M.O 0.06 34 0.02 Um. 300 MM 993 9 17 It2 0.09 73 0.05
        490 words
    • AIR & LAND transport
      • 808 46 Analysts forecast strong revenues for national carrier's second quarter Reuters [BANGKOK] National carrier Thai Airways International pic enjoyed robust traffic and yield growth in the three months to end-June, but high fuel costs and foreign exchange losses will keep its quarterly profits
        Reuters  -  808 words
      • 87 46 AFP [MADRID] British Airways finalised a 10-year alliance with Amadeus Global Travel distribution, signing a contract worth up to 600 million euros (***** million), the Spanish firm told stock market authorities. Under the deal, Amadeus will develop and manage BA's reservations systems, takeoff controls and
        AFP  -  87 words
      • 116 46 [MONTREAL] Bombardier Inc. the world's third-biggest commercial airplane maker, said it will build a new Csl7o million (*****.35 million) factory north of Montreal to assemble its new 90-seat passenger jet (above). Construction of the plant, located at Montreal's Mirabel Airport, will begin in
        116 words
      • 205 46 Reuters [LONDON] BAA pic, Britain's biggest airport operator, said yesterday that passenger traffic for July reached 12.7 million, a rise of 6.8 per cent on the year-ago figure. BAA, whose operations include London's Heathrow, Gatwick and Stansted airports, said its south-east airports were experiencing "rapid
        Reuters  -  205 words
      • 322 46 EGYPTAIR CRASH AFP {CAIRO] Egyptian pilots union chief Walid Murad demanded that US investigators probing last year's Egypt Air crash interview pilots who allegedly saw a shooting fireball near the crash site. "The testimony of the German and Jordanian pilots must be heard regarding their
        AFP  -  322 words
      • 203 46 Reuters [HONGKONG] Merrill Lynch said it expected Cathay Pacific Airways Ltd to maintain cargo yield levels for the rest of 2000 given the strong cargo demand outlook. Merrill Lynch Asia Pacific regional airlines analyst Wendy Wong was commenting after the Hongkong-based carrier
        Reuters  -  203 words
      • 154 46 Bloomberg (SEOUL] Korean Air Co, the world's second-largest cargo airline, said it slipped to a first-half loss as its operating costs, including rents and insurance premiums, swelled. The net loss in the six months ended in June was 197.7 billion won (*****.86 million), compared with
        Bloomberg  -  154 words
  • Page 33 Advertisements
    • 485 33 The Shipping Corporation of India Ltd. Nehru Centre, Discovery of India Bldg., Dr. Annie Besant Road, Worli Mumbai 400 018 (India) Tel: (022) *****61; Tlx: 011-***** OSV IN Fax: 91-22-*****56 TENDER NOTICE SALE OF M.V. "VISHVA PARI J AT" FOR FURTHER TRADING/SCRAPPING BUILT U.K. 1980. PWT 1616* Tenders are invited
      485 words

  • Page 34 Advertisements
    • 821 34 I IMPORT ~1 1 NORTH AMERICA ~"l[~|l GULF/INDIA SUB-CONTINENT I SUPER SHUTTLE EXPRESS (SSX) J GULF KARACHI EXPRESS (GKX) I ~VESSEI VOY IGO r™r™l PKLANG VISSfI VOT DM OAH KWT I JEA IND (Ml fit LANG SIN OOCI NEW YORK 06W529 26/07 13/01 IS/01 PiO NEDMOYDIANDAI ANAS 101 04/0« 04/01
      821 words
    • 743 34 Unes services represented by r Mem 3ers e 9' s,r y v3653'-'7 Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY LINE MALE vessel Tvoy [eta Feta eta P. KIANG SPORE MALE Express Lily VO7OO 27/08 29/08 05/09 Princess Lily VO6OO 13/09 15/09 23/09 Empress lily
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  • Page 35 Advertisements
    • 940 35 SAX SERVICE (DIRECT) wssa VOY SM ETA LAX OAK DAI HOU CM COl MEM AH NYC Jnmm 03se 26/07 io/os 15/08 15/ os is/os is/08 is/oo 15/08 u/oe 16/08 API SARDONYX 022 02/08 17/06 22/08 22/08 22/06 22/08 22/08 22/08 24/06 24/01 APITOURMAUM 036f 09/08 24/08 29/08 29/08 29/08 29/08
      940 words
    • 1717 35 (2) HANJIN SHIPPING WL FI WW AfctWrnlo. -Sate *****30 HAMJW SHIPPING (S) PTt UP h» (aw IOOtIWC *****35 737 SAID *****74 731 DtKUMHfI *****? I 774 wagws *****50 251 MAID LIM *****55 fU *****4S CI WO 11 534f*****M TO NW USA CANADA USA CANADA* m vu/vot mm s« uw HAut/voT
      1,717 words
    • 210 35 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 Sn«M*r* Aattlt' Unite ■»<»■ Skiff kaf Mi BM ■XT ft. M. w *****51 ntTli») 200 Cmlwh! l»W Jz T*MIU/nM, i« NuU Jar Ala* Ik Iff ia A«aa«la> Ma BM «U 01A SMtfeatet L P—r(Wl M7UA44I
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  • Page 36 Advertisements
    • 1663 36 SENATOR LINES TO UK/CONTINENT TO MlfiUf ImdIANKANdANADA VESSEL VOY SM I LtH ffTM ANR HAM IbRV FU WC. »0Y Ml GIT IK FOI ftl «T» CMOYANG ATLAS 1014W 15M U N MM MM MM MM I7N CMOYANG WORLD M4IW 17M MM MM I7N MM 17 M HANJM SAVANNAH MMW 11M
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    • 994 36 m. A.m MAC-NELS S'PORE M'Slfl CirlT MM CONTR LMES, MC p. quoanq: far) aiga 1 IV/ J CSWWO.IWIWMM SeU: (064)*****9 MAMLA: (•32)*****24 PENANG (04) *****36 BANGKOK: (MB) *****87 SURABAYA: (31) *****11 P. KELAHQ: (03) *****77 JKT: (21) *****46 KUCHWO 484W4 MANZANILLO (MEXICO) MV "SCANDIA" V.2902E ITA SIN: 30-8-2000 BARCELONA MV
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    • 660 36 EXPRESS CONTAINED FEEDER FOR N SHEVA (CFS MULUNO MUMBAiCOLOMBO ALSO ACCEPTORS TO Mi. NORTHERN AMD WESTER* I.C.D POBfTS Vnul SPORE SHEVA COLOMBO P KLANG CAPE CANAVERAL VI27W 13 AUG 22 AUG 20AUG 91 SEP TULSIDAS V 129 20 AUG 29AUG 12 SEP M SEP CAPE CREUS V.lll* 27 AUG OS
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  • Page 37 Advertisements
    • 1706 37 OVESSEL VQY HKO KHH I SIN I PKI PX» BAB PMM UK IRAN BAAKERI PCI-167 10/08 12/08 17/08 18/08 26/08 27/08 29/08 31/08 IRAN HESABt PCL-168 17/08 19/08 24/08 25/08 02/09 03/09 05/09 07/09 IRAN HORMOZGAN PCI-169 23/08 25/08 30/08 31/08 07/09 08/09 12/09 14/09 IRAN TEHRAN PCL-170 01/09 03/09
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    • 1030 37 SilKO# EVERY 1 4T sssr I DALIAN EVERY SUNDAY J I GENERAL AGENTS IN SINGAPORE 80 ROBINSON RD TEL: 226 1900 t AX: *****08 OUTWARD (l/l) COSTAR SHIPPING PTE LTD #12-00 SALES/IKGS *****57/43 INWARD KPT (0/0) *****86 COSTAR AGENCIES (M) SDN BND CR NO: **********0 M SINGAPORE *****8 CONVENTIONAL *****01/850
      1,030 words
    • 1129 37 RjgOW EXPRESS SERVICE EXPORT IMPORT VISSU VOT SIN UH RT* am HAM, JML ,FU VR» VOT .Hi HA* .FU Lfii Sit CT ATLAS 01 WW 15 08 01 09 03 OS 04, 09 05 CW 06 ,09 07, 09 CT AC! .OIK 27/07 79. 07 31/07 03. M 20. 0€
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  • Page 38 Advertisements
    • 1126 38 ARABIAN KRSIAN OUU/MDIAN SUB CONIMNT SOtVKZ KPORT VESSEL VOYAGE SGP CMI DUI JIA ARU DMN lAN KM NXV YIN HE 0181W 18/ 29/ M 30/ M 01/W UNI ANPU 0626 030W 21/08 25/ M 30/ M 31/ M 01/W UN PATRIOT 0138-008W 22/ M 24/ M 01/W 01/W 04/09 06/09
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    • 1044 38 ADVANCE CONTAINER LINES (PTE) LTD All I TEL: *****21. FAX *****19, TEL£X:RS 2Q340 ACLPL CR NO. **********06 W FOB BOOKINGS PLEASE CALL: *****22 SALES A MARKETING *****2121 IANCKOK S4iimwANtt JAKARTA •(T vessel voy aw hoc vtssa I voy sin jkt SRISAMUT BMTI SRSS99 16/8 Wed 18/8 Fn SINAR BAIAMIUTCII 059
      1,044 words
    • 397 38 iMaa 50 TELOK BLANGAH ROAD #02-02 CTTIPOWT CENTRE S'POftf *****8 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W vessb. w ra etd desimatw KAGUH 10/2000 1M8.2000 IME2OOO PONTMNM MABUKWA *****0 1M&2000 17W2008 PALMBANMUL BALAM LMAMUI R7OOO 2ME2000 27M2000 POHTIAMAK For enqvines and bookings please contact SEASPACE
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  • Page 39 Advertisements
    • 506 39 BSA x mm, MYANMA pBBk FIVE STAR LINE W (Myonmar National Line) loading lor Yang on VESSEL VOY SIN PKL PEN PGU MAWUMYME 90W SU> SAGAING 68W SU> MALAYSIA Ad NTS: KHISTIAD SHIPPING AGCNOIS KUL TU 03-*****00 PKL TIL 03-*****101 PEN: TIL 04-*****0? PGU: HI 07-*****21/4 BANK LINE (A service
      506 words
    • 1234 39 HMNEHYUNDAI MERCHANT MARINE CO., LTD. Ivssa VOY SM SOU I 184 I RTBB I ANT I NAJM ITV [WHft I VOT SOU LiH I fn> ANT NAJi MTV ISW HY COMMOOORf 327W 17/08 04/09 09/09 06/09 07/09 'THAMES 562E 24/07 29/07 26/07 27/07 17/08 RMK S3SW 18/08 08/09 09/09 03/09
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    • 730 39 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYUFT SERVICE' VESSEL VOT EAMP HEIGHT SIH ILK [MAP [mm SAV ML Off WYC NEW MOI TEXAS AHOI7 400 Tom 6.3 M 27/08 25/09 03/10 06/10 25/10 10/10 11/10 13/10 17/10 20/10 TOM AHOIS 400T«k 6.3 M 10/09 09/10 17/10
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  • Page 40 Advertisements
    • 1751 40 f^HHH INDONESIA NATIONAL LINE TO AUSTRALIA "T~ FULL CONTAINER SERVICE W m K SM Htt 1 STD MB MA UA RB USUGAI MS Om IS/81 Jl/08 27/08 01/0* rawwsuM ~m om n/m «i/m oj/o* os/w ot/ot tfinanr "as" s/aa i*/« M/o* io/»* 12/0* is/o* wianuu) 275 M/wos/o* is/w i7/«* i*/o»
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  • Page 43 Advertisements
    • 53 43 (S"> Shantou, Dongshan, STL CONTAINER LINE ZhangZhou For Services To Vietnam Calcutta Turn to p 3 Mon/Wed/Fri Pg 7 Woridgate Express Lines STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wilhelmsen Offers Weekly FCL/LCL New Europe To HCT Z AYCIA MIDDLE EAST/ EAST MALAYSIA gE AS Aservice MJirt service DETAILS Pg 8
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  • Page 45 Miscellaneous
    • 133 45 J J J —*b—l~-~" lObfe TTISE *sfe„ A LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers 0 Rain tempera ure Wind direction and speed in knots A r\ Weather Cloudy Day OO u a 7u Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or
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  • Page 46 Advertisements
    • 397 46 NOTICE TO TRADE INDONESIA PORTS SURCHARGE The Indonesian port authorities have announced an increase in port charges effective 1 September 2000. In order to recover this cost increase, the following feeder operators serving Indonesia have no alternative but to implement the following Indonesia Ports Surcharge on all SOC shipments (laden/empty
      397 words
    • 250 46 The Shipping Corporation of India Ltd Nehru Centre, Discovery of India Bldg., Dr. Annie Besant Road, Worli Mumbai 400 018 (India) Tel: (022) *****61; Tlx 011-***** OSV IN Fax 91-22-*****56 TENDER NOTICE SHIP FOR SALE General Cargo Tween Decker (Container Oriented) m.v. VISHVA PARAG, 1980 U.K. built, ***** GT, *****
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    • 11 46 The aircraft schedule has been dropped due to pressure on apace
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