The Business Times, 7 November 2000

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Total Pages: 44
1 44 The Business Times
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  • Title Section
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    17 1 THE BUSINESS TIMES MITA (P) 035/12/1999 ia *£y.Ht'-.°mSl SI NGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY. NOVEMBER 7. 2000
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  • Article
    Lock icon MARKET SUMMARY
    73 1 □m 2,***** (-54.66) n™ 14 713.70 (-24.12) rnsT index muiEs ii 2,***** (-59.00) nsneciFonitEs ii 259.40 (-7.90) STOCK MABXETDfDICES Monday Change KLSECOMP 70.69 +139 NIKKEI 226 1M7L44_+MM6 HANG SENG ISjRl.tt *77M SET INDEX 2§Ut +4.69 JAKARTA COUP—***** +6.44 MANILA COUP —1JW8.I0 +***** TAIPEI WP1 6,***** -1182 SEOULCOMP *****
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  • Article
    Lock icon FINANCE
    71 1 FOREX RATES USs s$ US$ 1-73® £(US$/S$per£) 1.450 1H8 BURO(USS/S$/E) 0.871 \Wl DM 1244 1197 YEN 1073 62.90 RM isoo 2-1% HK$ 7.798 4JQ7 BAHT -4127 25.01 RUPftH 9,165 *291 PWMEEATES SINGAPORE* 5.80 KUALA LUMPUR ..-.7.67 JAKARTA 39.60 BANGKOK 9M MANILA 11.06 HONGKONG ......8.50 TAIPEI 7.84 SYDNEY 8.50 TOKYO
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  • Article
    Lock icon SGX studying new US fair disclosure rule
    577 1  -  ■Banana Small investor stands to enjoy level playing field If implemented here By] R Sivanithy [SINGAPORE] Investment analysts' briefings may become a thing of the past if the Singapore Exchange (SGX) decides to follow in the footsteps of the US authorities and implement
    577 words
  • Article, Illustration
    Lock icon Peso, stocks rally on talk of Estrada's exit
    588 1  -  Index makes biggest single-day gun since 1967, currency up 0% From* Al Labita in Manila TALK that President Joseph Estrada was stepping down in the wake of a gambling scandal sent stocks and the peso bouncing back with a vengeance yesterday after
    Source: Bloomberg  -  588 words
  • Article
    Lock icon Momentum seems to favour Bush
    1077 1  -  But Democrats expected to increase power in Congress From Leon Hadar m Washington WITH the outcome of today's presidential race between Democrat A 1 Gore and Republican George W Bush depending on many undecided voters and on half a dozen "toss-up" states spread across the
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      102 1 IMBIBE Top Stories Internet IPOs here slide with sector's fall from grace. Pg 8 Top bankers throw little light on talk of new tie-ups. Pg 4 Nationwide manhunt for Tommy Suharto? Mmxt Pmgm KL willing to give up MAS golden share: Dr Mahathir. Pg 13 Japanese PM urged to open
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      47 1 No reason why Singapore can't produce a disproportionate number of fk a 1 in the near future. Singapore-born Tsun-yan who's returned to head consultinq firm MrKinsey's KW S E Asian practice here Btf'4l' v Tarn to Nrxt Pjcic and Pa 30 Economy falters amid crisis, Pg 14
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      81 1 -w— t CmMHCi CMHThQ ;tf Si ),:?r V 11 f 'IBN ;i "The simplest of the complicated watches" SINGAPORE THE HOUR GLASS Takashimaya S.C. Tel 734 2420 Scotts S.C. Tel 235 7198 Lucky Plaza Tel 733 1262 Peninsula Plaza Tel 337 8309 Raffles Hotel Arcade Tel 334 3241 Millenia Walk
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      11 1 campaign, Pg 20 ÜBN«vrEooMmy*s future rests on new president, Pg 20
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon No One Watched
        58 2 SUPERBOY Richard Li, whose high-flying career looks erratic at times, has just suffered another indignity, courtesy of the Hongkong media. In a recent commentary, the highly-respected Hong Kong Economic Journal said young Dick's proposed broadband distribution channel NOW —Network of the World has received such a lacklustre
        58 words
      • Article
        Lock icon Charity begins at home
        85 2 THE week before last, Merrill Lynch issued its regular 10-best recommended stocks of all time (a list which, oddly, is subject to change). A name that appeared on the list was Solectron. A few days later, Solectron said it would buy Nat Steel Electronics Ltd for
        85 words
      • Article
        Lock icon Rail tips from the Italians?
        55 2 WE hear the Land Transport Authority people have gone to Milan, city of high fashion, to study its rail transport system. Here's wishing them the best of luck —and hoping that they return with some good ideas on how to help the disabled move around
        55 words
    • Article, Illustration
      Lock icon Nationwide manhunt for Tommy Suharto?
      633 2  -  Ex-president's son still had not turned himself in at 11 last night From Shoeb Kagda in Jakarta INDONNESIA'S state prosecutors yesterday threatened to launch a nationwide manhunt if the youngest son of former president Suharto did not surrender himself and start an 18-month prison sentence
      633 words
    • Article, Illustration
      Lock icon S'pore-born Hsieh to head McKinsey's SE Asian operations
      782 2  -  He&imtemakewvrid leaders ef seme ef the ream's firms By Anna Teo [SINGAPORE] After 20 years with McKinsey In North America, Singaporeborn Hsieh Tsun-yan has returned to head the consulting firm's South-east Asian practice here. One of his goals is to help make
      782 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Top bankers throw little light on talk of new tie-ups
      757 4  -  OUB falls back after saying it's in talks with party for minority stake only By Siow Li Sen THE media besieged the top management of Singapore banks after a press event yesterday hoping they would shed light on the rumours
      FILE PHOTO  -  757 words
    • Article
      Lock icon Ibra sells its 24% stake in Salim-controlled QAF for $36m
      334 4  -  QAF chairman forks out $15m for 10% stake By Andrea Tan THE Indonesian Bank Restructuring Agency (Ibra) has sold its 24.2 per cent in Salim-controlled Singapore food group QAF for $35.7 million. QAF chairman Didi Dawis bought 32.7 million of
      334 words
    • Article
      Lock icon Staff loss may hit Ebbis' IPO plans
      752 4  -  4 tip executives have left, 5 other employees hive quit Byi Serena Ng MAINBOARD aspirant Ebbis Pte Ltd, whose shareholders include Creative Technology's Sim Wong Hoo, has been hit by resignations that could ftirther delay its initial public offering, industry sources say. The
      752 words
    • Article
      Lock icon With stock markets shaky, gold may recover its shine
      949 4  -  anthony rowley THE "equity cult" has been looking shaky on Wall Street and in other stock markets around the world, so is this a good time to be looking anew at that "barbarous relic" (as Keynes termed it) gold. Experts from
      949 words
    • Article
      Lock icon Internet IPOs here slide with sector's fall from grace
      394 8  -  Study shows Net and telecom offerings this year now 40% off their IPO price Byi Ven Sreenivasan INTERNET and telecom stocks once investors' favourites have been the worst-performing initial public offerings this year, according to a study by Grand Orient Securities.
      394 words
    • Article
      Lock icon Ipco's multi-million-$ toll road deal is off
      416 8 Announcement comes jnst weeks after similar outcome for Ho Wall's China acquisition THE next time a Singapore-listed company announces a big China toll road deal, don't count on it getting anywhere. Just weeks after Ho Wah Genting International announced its billion-dollar deal had
      416 words
    • Article
      Lock icon SembCorp bags 3 jobs worth $200m
      199 8  -  By Candida Ng SEMBCORP Engineering's oil and gas division, Sembawang Marine Offshore Engineering, has landed three contracts worth a total of about $200 million. The contracts, all scheduled for completion in 2002, are for an offshore platform turnkey contract for Elf Petroleum Iran; a
      199 words
    • Article, Illustration
      Lock icon Stats wins $30m-s4om contract from Infineon
      416 8  -  .By, David Boey ST ASSEMBLY Test Services, which tests and assembles computer chips, said yesterday that its penetration of the European market has been given a boost after it won a contract from Infineon Technologies AG, Germany's biggest chipmaker. Stats said the contract was
      FILE PHOTO  -  416 words
    • Article
      Lock icon Cycle & Carriage share price rises after Astra's results
      410 8 Cycle Carriage share price rises after Astra's results Gains may be short-lived, say dealers AFX-Asia SHARES in Cycle Carriage Ltd ended higher yesterday after affiliate PT Astra International's nine-month results released on Friday, dealers said. However, gains may be short-lived as investors remain cautious over Astra's prospects due to the
      AFX-Asia  -  410 words
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      126 4 TS&Sftk*"" The S2ool's forged soft iron head provides maximum forgiveness for off-centre shots and produces a strong trajectory by resisting hooking and ballooning up. At the same time, its graphite shaft ensures a smooth consistent back-Bwing and controlled follow-through. Get the S2OOl today and get off to a flying start
      126 words
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      104 5 WE HELP FUND OVER 40% OF GLOBAL CASHEW NUT TRADING. Nee/ a/ fcfffe oa/kb frr \fitrwr P -v" "IT: T CgM^ v-w v-. 77 3v%£- v > 't >^:^,, > '.••*Sf^.TV> l i^-«*--rT Mm-f Surprising DBS. It might astound you just how big an impact DBS Bank has in Asia-Pacific.
      104 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Liquidity only worry for See Hup Seng warrants
      195 6  -  WARRANT WATCH By R Sivanithy THERE were all sorts of unfounded rumours yesterday that Morgan Stanley is about to cut its weight in local blue chips. They did not make sense, yet still brought the sellers oui. So a rebound and consequent
      195 words
    • Article
      Lock icon Untitled
      276 6 Stock* Votums OAF Ud 40c 88,243,000 OUB DB eCW*****3 45,673,000 IPC020C 29,561,000 IPCCorpn5c 27,265,000 OUB CL eCW*****5 23,477,000 PacificCenturylOc 14,017,000 OUB 11,229,000 SingTel 15c 11,066,000 Mediastream 5c 9,720,000 MediaffinglOc 9,503,000 Stocks 9 OUB 101,149,507 Chart Semiconductor 28C 75,150,525 OCBC 53,783.079 SJA 53^83,318 Nat Bee 10c 3L V 40,880,350 OAF Ud
      276 words
    • Article
      Lock icon Market notices
      16 6 (in Wli M, u J»„, wwirt4iiji i 1 B jPlftblsC v ,*v. SsT' Ml
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    • Article, Illustration
      Lock icon MSCI rumour, OUB statement depress market
      548 6  -  t^JULkSLiLLUiiaiiB STOCKS r.sivanithy SENTIMENT in the local market gradually deteriorated in line with the weather yesterday, as a deflating takeover play put the brakes on the momentum that started late last Friday and worries over the contents of a Morgan Stanley Capital International announcement
      548 words
    • Article, Illustration
      Lock icon KepFels likely to see further upside
      224 6  -  HOT STOCK By' Ven Sreenivasan THE stock of Keppel Fels Energy A Infrastructure is beginning to show signs of sustainable uptrend after moving south for much of the year. The counter sprang to life last Friday, leaping more than 6 per cent on expectations
      224 words
    • Article, Illustration
      Lock icon Peso explodes as Estrada's fortunes fade
      302 6  -  CURRENCIES larry wee AFTER three days of closure last week, financial markets in the Philippines yesterday celebrated growing expectations President Joseph Estrada would soon be unseated by boosting the peso 6 per cent, and the key Philippine stock index a massive 16.5 per cent.
      Source:  -  302 words
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      916 7 v v r v BT Advertising Spftci&l 'v ,"~y 3' Survey shows S'pore firms could save millions more Travel and entertainment ranks as one of their biggest controllable expense but most firms manage poorly, serena mo reports lUjßpilti* K V SM2" V:3| al companies based here expand in 'i\^ i
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      305 8 Development 1-10 December 2000 An exciting outdoor Learning and Education Adventure far 13-18 year olds. The programme is designed to increase confidence, develop teamworidng sfcWs and enhance probiem-soMng capebWdes and creativity. The schedule in brief is as fbilows:Day 1-3 -Orientation atWinfield HaH.Singapore and travel to New Zealand Day 4 -Tour
      305 words
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      Lock icon Page 8 Advertisements Column 2
      22 8 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service, fa CATS. I Another Classified Service
      22 words
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      45 8 BUYof SELL** FIND*; Classified ads can speed up your search for the right car. No matter what it is, you can always buy it, sell it or find it with the Classified. TOLL F» I I 1800-737-1166 M Coll Today For Results Tomorrow. i s
      45 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Oil again inflates wholesale prices
      286 9  -  By] Marissa Chew RISING oil prices again inflated Singapore's wholesale prices in September. The domestic supply price index, which measures prices of goods retained for tise in the domestic economy, rose 10.1 per cent to 104.1 points, from 94.5 in September 1999. Much of this
      286 words
    • Article
      Lock icon NHG launches online service for patients and doctors
      247 9  -  Website allows patients to view medical dossiers By 1 Errol George THE National Healthcare Group has launched a website that allows its patients to view their personal medical and health dossier online and perform transactions any time. Using the Net Care service,
      247 words
    • Article, Illustration
      Lock icon Investigators simulate Taipei crash sequence
      624 9 SIA CRASH Probe also checking if safety measures taken by airport were adequate Reuters [TAIPEI] Investigators probing last week's Singapore Airlines jumbo jet crash in Taipei used a spare Boeing 747 yesterday to reconstruct the sequence of events. The inquiry has yet to determine why
      Reuters; REUTERS  -  624 words
    • Article, Illustration
      Lock icon Ace Net open to working with others
      600 9  -  But main goal new is to integrate the 4 partner banks'services and get •fit* good start By Serena Ng ACE Net Financial Services a joint-venture company formed by four of the five Singapore banks to manage their off-site ATMs under a shared network
      ARTHUR LEE  -  600 words
    • Article
      Lock icon M1 action: SingTel complains to IDA
      544 9  -  By' Teh Hooi Ling SINGAPORE Telecom yesterday complained verbally to the Infocomm Development Authority that Ml Intercepted International calls made by Ml customers using Sing Tel services. A formal written complaint will follow soon. Since midnight on Sunday, Ml customers making overseas calls using
      544 words
    • Article
      Lock icon StarHub signs up 200,000 mobile customers in 7 mths
      333 9  -  Target achieved ihflid nffjHhli; equals 9% of market Byl Teh Hooi Ling STARHUB yesterday said it signed up its 200,000 th mobile subscriber just seven months after it started operations and well ahead of its aim to achieve this target at
      333 words
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      36 9 TERRACE FACTORIES FOR SALE LEASE with c;ir/lorry park :it tho doorsteps SALES OFFICE OPEN (Aloticf Uhi Ave m >,500 i 4,000 s« (i. NEW CHOICE MA 1 ITS AVAILABLE. Tel: 344 2002 9677 1121 9784 9760
      36 words
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  • MAIL bag
    • Article, Illustration
      Lock icon ERA customers are not under duress
      641 10  -  Jack Chua President ERA WE refer to the article entitled "Row over ERA's resale fees scheme deepens" (BT, Nov 4); In particular, we object strongly to the following allegations made by PropNex director Mohamed Ismail "We're in a very difficult situation: ERA is seen
      FILE PHOTO  -  641 words
    • Article
      Lock icon SGX should follow up 'innocent' replies
      197 10  -  Yeow Chin Hong Singapore via Internet I FULLY agree with the letter "NEL deal should be probed (Mailbag, Nov 2). The recent NEL case clearly illustrates how lenient the regulations are towards disclosure. Whenever there is any significant increase in the price of a
      197 words
    • Article
      Lock icon Dotcoms part of future
      124 10  -  Eric Ang Teck Sin Singapore via Internet I REFER to the article "Nasdaq to stay volatile until dotcoms deliver" by Paul Thompson (BT, Nov 2). Dotcoms are not fairy tales but businesses of the future.' They may need to fine-tune their business models, but those that
      124 words
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      279 10 *2£ r:r ssS^aß^' K i '■> t N N s V V i \Olll (.aid saws a lot aboui von. Small businesses cs|h\ i.i i I benefit Irom the ret oi;n i i ion that the new American Lxpress ,old Business .aid to the table. \s well .is these top
      279 words
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  • FOCUS property
    • Article, Illustration
      Lock icon When agents misuse HDB's name
      570 11  -  I PROPERTY Market mechanism does not work when many think commission rates are set by HDB lee han shih IT was about two months ago that the Housing and Development Board (HDB) made it clear that it does not regulate the controversial commissions that housing
      FILE PHOTO  -  570 words
    • Article
      Lock icon IEA president's counsel falls on deaf ears; agents still bicker
      228 11  -  Byi Andrea Tan STOP bickering, Institute of Estate Agents president David Ong told members six months ago. But his advice seems to have fallen on deaf ears. Agents have been engaged in a war of words since ERA surprised the
      228 words
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      11 11 UMM llrtM KLSE the best performer among Asian bourses last month
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      158 11 $26 sounds good. Turn used items mio extra bucks Qr|ll t'U -I muck s.ile with Fastatls lor r"? k as little as $26 Call COTS at 1800 737 116b For Sale by Tender 6-Storey Building at Tai Seng Drive Land areaiApprox. 41,054 sq ft Gross-floor areaiApprox. 101,156 sq ft JTC
      158 words
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      303 11 COLLECTIVE SALjT| Liang Thow Ming Michael Tan 393 3878 393 3866 profesbionn!s j y WM inclurtinq l.i.vvis (h<irtcrcd accountants. The world's I leading Offshore Company and Tax Tel (65) 535 3382 Fax (65) 535 3991 Planning I Specialists w I i CB H Richard Ellis I MU ti^[n *5 rfflffi
      303 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Determining the political clout of the EU
      725 12  -  OPINION reginald dale IHT THE current debate on the future of the European Union often seems arcane, jar-gon-ridden and introspective. It would be easy to conclude that it interests only those inside the Brussels beltway. That would be wrong. The Europe-wide discussion sparked
      IHT  -  725 words
    • Article
      Lock icon IN OTHER WORDS
      129 12 'Instead of natural evolution you had cataclysmic change.' -RooErtefcrai a veteran technology executive and investor, who thinks the situation facing Internet companies today is like that the dinosaurs faced after the proverbial meteor hit the earth. 'Don't ask now what's next if he doesn't show up. We
      129 words
    • Article
      Lock icon Apec's challenge to stay relevant
      592 12 EDITORIAL Unlike many other regional groupings, the Asia Pacific Economic Cooperation or Apec forum has been a model of easy cooperation. Without too much protocol, its leaders have met informally, yet effectively, making decisions of significance. The result has been, in all but name, a
      592 words
    • Article, Illustration
      Lock icon Don't write off the New Economy just yet
      1249 12  -  Despite the stock market's turmoil, it's much more competitive than the Old Ecoaomy, and much mm dynamic By Edward Yardent The writer is chief investment strategist for Deutsche Bank Securities IS the New Economy dead already? I don't think so.' I just
      1,249 words
    • Article
      Lock icon More info is the new bottom line
      696 12  -  COMMENTARY Byi Andrew Hill FT THE bottom line just isn't what it used to be. Peppered with footnotes, adulterated by exceptional gains and losses, and massaged by wily chief financial officers, net earnings seem to be losing their status and meaning. But is
      FT  -  696 words
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  • MALAYSIA news
    • Article, Illustration
      Lock icon KL willing to give up MAS golden share: Dr M
      420 13  -  MAS stock closes 4sennp&tNl3.6o on his remarks From Eddie Toh in Kuala Lumpur THE Malaysian government is willing to give up its veto power in Malaysia Airlines if it is a hindrance to attracting foreign investment, said Prime Minister Mahathir
      FILE PHOTO  -  420 words
    • Article
      Lock icon M'sian ex-central banker fined in assets case
      157 13 AFP [KUALA LUMPUR] A former assistant director of Malaysia's central bank was fined RM500.000 (*****,050) yesterday for failing to declare assets worth millions of dollars. Abdul Murad, 47, admitted failing to provide Bank Negara with accurate particulars of his shares in Ben Harta
      AFP  -  157 words
    • Article, Illustration
      Lock icon Sime profits buffered by cars, real estate
      337 13 Reuters [KUALA LUMPUR] Strong car and housing sales will help Malaysian conglomerate Sime Darby Bhd's other divisions cushion the impact of weak palm oil prices on 2000/2001 earnings, the group's chief executive said yesterday. The group's share price closed eight sen higher at
      Reuters  -  337 words
    • Article
      Lock icon Anti-Mahathir virus hits ministry website
      315 13 KUALA LUMPUR It overwrites Microsoft Word documents with political slogans AP A COMPUTER virus which can overwrite Microsoft Word documents with lines of text condemning Prime Minister Mahathir Mohamad has infected the website of Malaysia's Finance Ministry, a virus expert said yesterday. "I believe this
      AP  -  315 words
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      68 13 t >~■>' 'f J T~^^gff^ > ■HBHHHHi i^r^rßyr^"^- lii iiiii sUI ANY SHAPE AND SIZE TO EUROPE. With our new direct flights to Europe, FedEx offers less wait, and more weight. Because, while some others restrict you to as little as 30kg, we'll let you fill up an entire freighter.
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  • REGIONAL news
    • Article
      Lock icon Next IMF letter may be signed this month: BI
      425 14 JAKARTA 81, Fond will meet next week to discuss issues soch as rupiah's plight Reuters, AFX-Asia BANK Indonesia (BI) said yesterday that Indonesia's next letter of intent with the International Monetary Fund (IMF) could be signed as early as the end
      Reuters,; AFX-Asia  -  425 words
    • Article, Illustration
      Lock icon Fresh controls to help rupiah likely: analysts
      699 14 SINGAPORE IMF likely to back Jakarta's moves to curb speculation Reuters INDONESIA seems to be moving closer to imposing fresh controls to help the ailing rupiah and it is possible the situation is bad enough for the IMF to allow them to do
      Reuters; LUDWIG ILLIO/ST  -  699 words
    • Article, Illustration
      Lock icon New Ibra chief expects to meet target
      126 14 Reuters [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said yesterday it would speed up its asset sales to meet its revenue target of 18.9 trillion rupiah (553.6 billion) in the 2000 fiscal year. "We will speed up the asset sales. We are optimistic
      Reuters; REUTERS  -  126 words
    • Article
      Lock icon Indons lose confidence in Gus Dur: poll
      395 14 JAKARTA President dogged by financial scandals, charges of incompetence Reuters JUST one year after sweeping to power on a wave of democratic euphoria, most Indonesians want President Abdurrahman Wahid sacked, according to a poll released yesterday. Sixty-five per cent of respondents in Tempo
      Reuters  -  395 words
    • Article
      Lock icon Philippine economy falters amid political crisis
      359 14 MANILA More bad news for Estrada as exports drop, inflation rises Bloomberg PHILIPPINE inflation accelerated to its fastest rate in a year in October, while September exports fell for the first time since 1994, in the latest signs that the country's economy is faltering.
      Bloomberg  -  359 words
    • Article
      Lock icon Thai listed firms' results improve
      289 14 BANGKOK PROFIT results for companies listed on Thailand's stock exchange improved dramatically in the third quarter, but analysts said the turnaround would fail to spark interest in the moribund Bangkok bourse. The Stock Exchange of Thailand (SET) said both the financial sector and the production
      289 words
    • Article
      Lock icon Thai anti-graft body set to summon Thaksin
      115 14 BANGKOK AFX-Asia THE National Counter Corruption Commission (NCCC) may issue a summons to Thai Rak Thai Party leader Thaksin Shinawatra if he fails to file his defence in a sharetransfer investigation by the end of this month, the Nation daily reported. The anti-graft
      AFX-Asia  -  115 words
    • Article, Illustration
      Lock icon Taiwan's Chen faces survival vote
      544 15 TAIEPI Opposition to start process for his dismissal despite the televised apology Reuters TAIWAN'S opposition yesterday said it would forge ahead with a petition drive to oust President Chen Shui-bian, despite a presidential apology aimed at defusing the biggest political crisis of his tenure. A
      Reuters; REUTERS  -  544 words
    • Article
      Lock icon Creditors of GDE keen to wrap up revamp plan
      413 15 HONGKONG Meeting agrees to finalise the USs6b plan by year-end Reuters CREDITORS of debt-laden Guangdong Enterprises (Holdings) Co Ltd yesterday said they were committed to wrapping up the US$6 billion (5510.4 billion) restructuring of the firm this year. "We are pleased
      Reuters  -  413 words
    • Article
      Lock icon Taiwan to raise foreign stake limit in telcos to 40%
      286 15 TAIPEI Ministry to draft proposal for liberalisation by the end of this year Reuters TAIWAN'S cabinet will have a plan in place by the end of this year to lift the ceiling on direct foreign ownership in its telecommunications firms
      Reuters  -  286 words
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      144 14 YEN. BAHT. RUPIAH. RINGGIT. SINGAPORE DOLLARS. STERLING POUNDS. WON. RUPEE. SINGAPORE DOLLARS. DEUTSCHMARK. FRANC. YEN. BAHT. RUPIAH. RINGGIT. DOLLARS. STERLING POUNDS. WON. RUPEE. SINGAPORE DOLLARS. YEN BAHT. RUPIAH. RINGGIT. SINGAPORE DOLLARS. STERLING POUNDS. WON. RUPEE. SINGAPORE DOLLARS. DEUTSCHMARK. FRANC. YEN. BAHT. RUPIAH. RINGGIT. DOLLARS. STERLING POUNDS. WON. RUPEE. SINGAPORE DOLLARS.
      144 words
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      149 15 sjr i y- <*%"' 'J*' v V f p<* y* s LOOK UP IN THE SKY irs a v.holf new*dokono.vv rs an INVASION OF INGENUITY, povmd by te(h-;oiogy thai stt.v.s OTHERWoM|Ij| BUT COMES FRO/.' THE DOT IN .COM. sir. vicpos/su-s sir. ab?:,s invaders with a-: ARSENAL of r TERPRISE SLRVERSfHAT
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      248 16 uiscowr ■m F M m f T.T M A M f. f A B IA A MAiAi A^*iaSmaaa SB4I^^BAMA^^ Bli 1 m J8l ft 11 B I wl£J 1111 niw DUSiMSS iinsiyw SsK;'s'^H The fundamentally the world does business. In the new millennium, companies no longer <■ require a- physical
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  • e-NEWS
    • Article
      Lock icon Hutchison clinches Austrian 3G licence for 114m euros
      495 16  -  It is now looking at similar bids in the Swedish and French markets From Audrey Tan in Hongkong LI Ka-shing's Hutchison Whampoa has secured a 3G licence in Austria for a lower-than-expec-ted price, and is now looking at similar bids in the
      495 words
    • Article
      Lock icon Deutsche Telekom wants more 3G
      174 16 Bloomberg [FRANKFURT] Deutsche Telekom, Europe's largest phone company, said it's seeking to buy further third generation mobile phone licences in more than 10 countries, mainly in Europe. It wants to take part in auctions in Poland, the Czech Republic, Slovakia, Ukraine, Russia, Hungary and Croatia,
      Bloomberg  -  174 words
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      Lock icon WAP taking off in India
      66 16 [BANGALORE] A visitor walking past an advertisement of a mobile Internet service provider at the IT. COM Internet fair in Bangalore on Sunday. Though the market for mobile Net accessibility and WAP is currently low in India, industry professionals predict that with increased mobility among
      AFP  -  66 words
    • Article
      Lock icon Chairman, CEO of Bertelsmann's BMG to resign
      388 16 NEW YORK Departures have nothing to do with Napster deal: firm AP THE chairman and chief executive of BMG Entertainment are stepping down, said German parent company Bertelsmann AG on Sunday, less than a week after its music and entertainment division announced a
      AP  -  388 words
    • Article
      Lock icon China online trader bags 2 key 'customers'
      165 16 SHANGHAI Bloomberg SPARKICE.COM, one of China's biggest online traders, said two of Europe's biggest retailers have agreed to use its network to buy from Chinese suppliers, ensuring steady revenue ahead of a second attempt to sell shares. Nearly 700 Chinese companies will use
      Bloomberg  -  165 words
    • Article, Illustration
      Lock icon Panel urges Mori to open up IT sector
      502 17 Reuters, AP [TOKYO] Some of the biggest names in corporate Japan yesterday urged Prime Minister Yoshiro Mori to open the telecommunications industry to wider competition as part of a five-year plan to make the country into an Internet superpower. A council of
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    • Article
      Lock icon 3 Japan firms form Internet venture
      207 17 TOKYO Unit aims to promote broadband Internet use in Japan AFP THREE Japanese firms, including NEC Corp and Matsushita Electric Industrial Co Ltd, said yesterday they were forming a joint venture to promote broadband Internet use. Internet Research Institute Inc, NEC and Matsushita better
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    • Article
      Lock icon CyberWorks set to seal refinancing
      568 17  -  10 banks approached, USs4.7b deal could be concluded this week Fromi Quak Hiang Whai in Hongkong PACIFIC Century CyberWorks whose share was sold down some 80 per cent from its high this year, sparking concern over its ability to raise funds is about to seal
      568 words
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      93 17 Rewrite the ruKts Forget the techno hype. Focus on profit and people. Change your 3G focus from just access to It spans from terminals and ready-to-launch To become a leader in 3G, join us in the profit-generating personal services and service packages to planning, management, Mobile Information Society. Visit us
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  • WORLD news
    • Article, Illustration
      Lock icon Daewoo Motor crisis deepens as it defaults on 44b won debt payment
      602 18 The company will be declared bankrupt if it fails to meet debt payments by today Bloomberg [SEOUL] Daewoo Motor Co defaulted on 44 billion won (5566.9 million) of debt, bringing Korea's second largest automaker one step closer to
      Bloomberg; REUTERS  -  602 words
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      Lock icon Nod for AOL-Time Warner merger soon
      343 18 Reuters [NEW YORK] US antitrust enforcers have made progress toward an agreement with merger partners America Online Inc and Time Warner Inc that would force the companies to open high-speed cable lines to one or more Internet competitors in each city served by Time
      Reuters; FILE PHOTO  -  343 words
    • Article
      Lock icon Tiscali bid for Word Online starts today
      265 18 MILAN Reuters ITALIAN Internet Service Provider Tiscali yesterday said its takeover bid for Dutch ISP World Online to forge Europe's second largest Web provider would start today and run for almost a month. The Sardinian Internet firm said it already had received commitments
      Reuters  -  265 words
    • Article
      Lock icon OneSteel, Smorgon join forces in Email takeover bid
      399 18  -  They will make a As 3 a share cash bid for Email, deal is set to go through From Brian Gomez in Sydney IN a surprise move the newly formed BHP Steel spin-off, One Steel Ltd, has forged a partnership with Smorgon
      399 words
    • Article
      Lock icon ECB intervenes for 2nd straight trading day to shore up euro
      444 18 FRANKFURT It's worried abont effects of euro weakness Reuters THE European Central Bank, striving to help the embattled euro find a floor after its 22month slide, intervened unilaterally on foreign exchanges for a second successive trading day yesterday. The
      Reuters  -  444 words
    • Article
      Lock icon MSCI to raise Taiwan index weighting
      137 18 LONDON Reuters MORGAN Stanley Capital International yesterday said it will increase the inclusion weight of the MSCI Taiwan Index from 65 per cent to 80 per cent of its total market capitalisation, effective from the close of Nov 30. In addition, the MSCI Taiwan
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    • WORLDWatch
      • Article
        Lock icon Nomura to bid for Welsh Water
        87 18 AFX-Asia [LONDON] Nomura is preparing a bid worth up to £1A billion (554.5 billion) for Welsh Water, just days after a group of Welsh investors, Glas Cymru, agreed to buy the water company, the Sunday Telegraph said without naming sources. This move comes six
        AFX-Asia  -  87 words
      • Article
        Lock icon Germany's C&N eyes Thomas Cook unit
        90 18 Reuters [LONDON] German tour operator C&N is in talks to take over British travel company Thomas Cook's holiday division, the Independent reported yesterday. It quoted industry insiders as saying a deal announcement was expected "within weeks". The report did not name a price for
        Reuters  -  90 words
      • Article
        Lock icon 50,000 Koreans to lose Jobs
        76 18 AFP [SEOUL] South Korean President Kim Dae Jung yesterday said that 90,000 people will lose their jobs in the latest round of drastic corporate restructuring which is being backed by his government "It's likely to produce another 50,000 jobless people," Mr Kim told a group
        AFP  -  76 words
      • Article
        Lock icon US$11b NTT share sale almost complete
        100 18 Bloomberg [TOKYO] Nippon Telegraph Telephone Corp will likely complete an US$lO billion (5519.5 billion) sale of new stock and state-owned shares later yesterday, by issuing the final 100,000 new shares, bankers involved in the sale said. The sale of shares by four arrangers and
        Bloomberg  -  100 words
      • Article
        Lock icon Rabobank, DO call off merger plan
        73 18 Bloomberg [AMSTERDAM] Rabobank, the third largest Dutch bank, and Germany's DG Bank have called off the planned merger of their corporate and investment banks, the companies said in a statement. The banks said they will continue to work together in joint ventures. They said
        Bloomberg  -  73 words
    • Article, Illustration
      Lock icon Ex-Hyundai chief to raise 73b won
      406 21 SEOUL He will sell stakes in other group firms to help Hyundai Engg and Construction THE former chairman of South Korea's Hyundai Group will sell his stakes in other group firms and provide the funds to beleaguered Hyundai Engineering and Construction, a company official
      AFP  -  406 words
    • Article
      Lock icon Kia Motors posts 79b won Q3 profit
      259 21 SEOUL Bloomberg KIA Motors Corp, a unit of Korea's Hyundai Motor Co, posted net income 79.4 billion won (*****.7 million) in the July-September quarter as new models helped sustain a return to profit. Operating profit was 59.5 billion won in the third quarter,
      Bloomberg  -  259 words
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      151 19 It taketa new way of thinking to achieve |alreakthrough in networking. V I—mmS' 'jm/' l|p. 1 ~i*§» I 10/ VP':: :mp lps I .«wMyS'' I £3/gKg3fo<' iPtlfc ''<•«.• ''i# 4 W :>K I WBBBtfk: "t I, i< I Afiig' K HWte. .M \,4%*t > ShBK3E* n i •'^p^rci' 1 I
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  • CAMPAIGN 2000
    • Article, Illustration
      Lock icon Important election, disappointing campaign
      811 20  -  g leon hadar THAT the last days of the 2000 US presidential campaign have been focused on an incident involving George W Bush driving under the influence of alcohol in Maine 24 years ago says something profound about the current state of American politics. That editorial
      811 words
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      Lock icon Nader says he won't quit as US deserves the best
      229 20 AFP [WASHINGTON] Ralph Nader— the outsider who could swing votes away from Democrat presidential candidate A 1 Gore —vowed Sunday to stay in the running despite pleas from Democrats that he abandon the election race. At a rally in Washington,
      AFP  -  229 words
    • Article
      Lock icon Why all states aren't created equal
      510 20 With the Electoral College, some have more dout in choosing the US president NYT THE Declaration of Independence says all men are created equal. But in presidential politics, all states are not. Some states—like California, Texas and New York—greatly influence the outcome of an
      NYT  -  510 words
    • Article
      Lock icon Asia-Pac gold traders see Gore win, weak bullion
      389 20 A Democrat victory will mean a strong US dollar, says opinion poll Reuters [HONGKONG] Asia-Pacific gold market traders believe US Vice-President A 1 Gore will win his bid for the presidency and hold true to Democratic Party policies that would mean a
      Reuters  -  389 words
    • Article, Illustration
      Lock icon US New Economy's future rests on new president
      806 20 His appointments to key legislative and judicial positions will dictate tech policy, say experts AFX-Asia WITH few differences discernable between A 1 Gore and George W Bush in terms of general policy on high-tech issues, the winner's appointments to key legislative and
      AFX-Asia; AFP photos  -  806 words
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      162 21 H *£?£^B Isi^H^^^H ■k I^BIVk ;< i r *BM have perfected the copper processor. The remit is fastest server, buflt to <Mve e-business to new levels. 1 I (Iropflwtecj cito performance with lower power coßMirspdon) I For more information on new IBM servers lor e-business I caH 1800 *****75 or
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      63 21 V- -v "4j^tf Adopt a Clover Bear™ online. Log-on to DBS Internet Banking at www.dbs.com and adopt a bear from the Clover Family Collection* today. Or, if you like, you can also donate it to Club Rainbow. Simply get your secure online PIN at any DBS/POSB ATM or call 1800-DBS
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  • FINANCE & commodities
    • Article
      Lock icon Futures end lower due to stop-loss selling
      302 22  -  SOX Derivatives TnflLagßeport ST Index/MSClS'pore Index La uChee Keong Refco Singapore THE Singapore stock market kicked off the first day of the week on a negative note yesterday. Weakness in bank stocks and blue chips dragged the index down by more than 2
      302 words
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      Lock icon State and foreign funds boost futures
      230 22  -  MSG! Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan index yesterday closed marginally higher after slumping more than 2 per cent on Saturday. However, most local investors were sidelined amid the political problems as opposition parties rejected the apology by President Chen
      230 words
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      Lock icon World oil prices edge lower
      154 22 ENERGY REPORT Reuters [LONDON] Oil prices edged lower yesterday as dealers calculated the impact of the increased Organisation of Petroleum Exporting Countries (Opec) supplies on lowly inventories. m London Brent blendjfe tures slipped tjS cenWTo' U5530.57 a barrel and US light crude was off 39
      Reuters  -  154 words
    • Article
      Lock icon CURRENCY REPORT
      340 22 Reuters THE euro leapt nearly a cent against the dollar yesterday alter the European Central Bank Intervened unilaterally for a second consecutive trading day to buy the single currency. The ECB said that its latest bout of intervention was in line with its statement on Friday that its
      Reuters  -  340 words
    • Article, Illustration
      Lock icon Untitled
      232 22 DnmBAMKCTiOWlTM iVotig Iwr >■ M t«7 4» *****48.43S 0J67 19K LM0 UK 217ft 2MB MB 1WT Mil V.0M22JK OJH M29 ,«s vw sjr Im# jlfff bBtMSMP***** mm hi 107 OJTO 4*40 SM HOK 0.129 1MB MM 4MI 47(7 3J» 41M 4M* 42H MM ijj/ipIgQ' m«S3^2SjS%SISSS&S3SS III MN UK 12JM *****
      232 words
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      Lock icon Untitled
      1076 22 SICOH FUTURES Nov 6 ■u—n Mm ii mmMaMiufri *ssycQmuaa<m*H> ajj y*m flg dk oo K5T« Jan 01 «U0 FeOOl vm Mar 01 IMJO MO RSS3 CONTRACT (US canti/kg) *ta» «MJ —W» SSf S3 SS 88 I ESS 6475 6475 St5 100 3360 TSR 20 FOf CONTRACT (US CMts/kg) VtfNW OfM
      1,076 words
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      234 23 f hi cP Your business is as unique as your DNA, which is why at Fujitsu, a SsBs billion global provider of IT and telecommunications solutions, we approach every Internet challenge individually. With 60,000 IT service I and support professionals and operations over 100 countries, no matter where you are,
      234 words
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng Index ends higher on Mow-through buying
      2617 24 HONGKONG FlHaagSeng +77.03 HONGKONG share prices rose 0.5 per cent yesterday on follow-through buying amid cautious trade ahead of US presidential elections, dealers said. The key Hang Seng Index gained 77.03 points to close at 15,671.15 on turnover of HK510.72 billion. Johnson
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      Lock icon Nasdaq helps Nikkei recover 15,000-level
      2016 24 TOKYO AFP QffikU22s <au> SHARE prices in Tokyo jumped 3.6 per cent yesterday to their highest point in two weeks as high-technology leaders gained heart from a Nasdaq recovery, dealers said. The Tokyo Stock Exchange's Nikkei--225 index gained 533.66 points to close at 15,371.44, recovering
      AFP  -  2,016 words
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      Lock icon CHINA
      988 24 Reuters FlShfloifagnßlndei *€i2l CHINA'S B shares closed a touch higher yesterday and analysts said they expected farther steady gains in the near-term due to improved sentiment on the hard currency market after a recent rally. The B shares have generally been on an upward trend over the past two
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  988 words
    • Article
      Lock icon TAIPEI
      357 24 AFP □WP Index -18.82 TAIWANESE shares closed 0.3 per cent lower yesterday as investors were sidelined amid lingering political concerns, dealers said. The Taiwan Stock Exchange Weighted Price Index eased 19.82 points to 5,657.48 on turnover of NT562.41 billion. Decliners led risers 463 to 85, with 60 issues unchanged.
      AFP  -  357 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL ends higher on institutional support
      257 25 AFP Q Composite Index +33 MALAYSIAN shares closed 0.4 per cent higher yesterday as institutional support for some key blue chips outweighed selected profit-taking, dealers said. They said the market was relatively quiet in the absence of fresh leads and before the US presidential
      AFP  -  257 words
    • Article
      Lock icon Untitled
      8283 25 INDUSTRIALS Conswmr products 2000 Last Vol Day Nat Cap High Law Campny Sala 'OOP High Law Pit >mM 420 310 Alinomoto 340 ta.6 137.8 158 46 Angkasa 49 1 5 49 49 723 670 290 Apollo Food Hlg 418 9.1 167J 3825 2700 BAT50C 3675 25 794 3700 3600 46.3
      8,283 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      1867 26 BONDS&WARBAMTS m»e m M Uml ta*v IMM Lat M Mr MM tq tart Car tar Mm Nh u» CwtaT Mi *m- mm tm ta» fcta Mm ft—tftafc Wta WW 8w*» la* 51.5 3.5 S Acma W*****4 6 -13 64 73 ft ft 7 ft 410 1 300 24ft 14.75 8
      1,867 words
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      Lock icon SEOUL
      302 26 AFP Pftmpofltefalg -3.75 §OUTH Korean shares fell 0.7 per cent yesterday with the index down 3.75 at 556.66. Volume stood at 420.8 million worth 2.3 trillion won. AFP ievt Urn *h Anam Semi 6090 -60 Brain Tech 640 40 Central to* 170 uncti Chell Comm 8 5400 1400 Dm
      AFP  -  302 words
    • Article
      Lock icon MANILA
      272 26 AFP F"lComplndei +212.25 PHILIPPINE share prices soared 16.5 per cent yesterday with the Index gaining 212.25 points to 1,500.10. Turnover rose to 1.79 billion shares worth 3.64 billion pesos compared with 356 million shares worth 535 million peso traded Tuesday last week.— AFP Nov 6 Nm C000) MRC Allied
      AFP  -  272 words
    • Article
      Lock icon WELLINGTON
      265 26 AFP Hmse-40 *hm NEW Zealand shares rose 12 per cent yesterday on the back of gains by Air New Zealand and Telecom, dealers said. The NZSE-40 index rose 22.44 points to 1,964.91 points on turnover of NZ$9l.3 million. Telecom rose 15 cents to 586 cents. —AFP jhM B$ *h
      AFP  -  265 words
    • Article
      Lock icon SYDNEY
      530 26 AFP PillOriißariai *1160 AUSTRALIAN shares rose 0.4 per cent yesterday on the back of solid gains in News Corporation and Telstra stocks,, despite an otherwise quiet day's trading in other stocks, brokers said. The benchmark All Ordinaries index closed 12.5 points higher at 3,279.0 while the SP/ASX 200 rose
      AFP  -  530 words
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      Lock icon BANGKOK
      721 26 AFP HSEThto *4J> THAI shares rose 1.4 per cent yesterday, with buying focused on electronics, media and energy sectors on expectations of improved third quarter results, dealers said. The Stock Exchange of Thailand (SET) Composite Index gained 4.09 points to close at 291.93, and the SET 50 index added
      AFP  -  721 words
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      Lock icon JAKARTA
      627 26 AFP nOnpiriliMg +6.44 INDONESIAN share prices closed 1.3 per cent higher yesterday on bargain-hunting in large caps but off their highs as profit-taking emerged in late trade, dealers said. A dealer with Samuel Securities said trading was relatively active, with the market focused on blue chips, particularly cigarettes and
      AFP  -  627 words
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  • Article
    Lock icon STOCKS sgx
    7440 27 SGX Mfll Transaction date: Nov 6 Or Or M m 52-Wk Last Vai Day Last Quota Otv Dtv YM Nat Cap Av* HIM Law Cawpawy «ala fOOO) Hm> Law liyaf 8*Mf Cw M <«»»■ Ww 63 *5 m c *cm«50c »«5 OS 7 Hi *7 85 SS 5
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      61 27 IBSSmm^m\ l Who is behind an Audemars Piguet watch? 2 5 1 11 Regional Agent, Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cort^litACffltoCp^ Ltd s®' Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 238 6678 Fax: 238 6676. Raffles City #01-36 Tel: *****85 Lucky Plaza #01-32 Tel: *****68
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  • EXEC lifestyle
    • Article, Illustration
      Lock icon A great showbiz extravaganza
      825 28  -  Riverdance is dance theatre at its slickest, choreographed best, says PARYATHI NAYAR PARVATHI NAYAR Singaporeans cannot help but be aware that "something" called Riverdance is currently playing in town, thanks to a well-planned saturation marketing strategy by the show's promoters. To the uninitiated, Riverdance is the
      PHOTOS BY ARTHUR LEE  -  825 words
  • Page 28 Advertisements
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      1038 28 ■r If J—l JAYA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 13 Tuas Crescent, Singapore *****7 on Thursday, 23 November 2000 at 11.00 am for the following purposes: AS ORDINARY BUSINESS: 1.
      1,038 words
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      Lock icon Page 28 Advertisements Column 2
      884 28 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 COMRMNES ACT. CAP SO Oenfus Communication > Byet— (S) Fit Ud (In Credtore' Voluntary UquidMon) At an Extraordinary General Meeting of tha Company duly convened ml Md at 111 Noto Bridge Road #16-02 Perwwiie Plan Skmxn *****8 at 10:30
      884 words
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      Lock icon Page 28 Advertisements Column 3
      131 28 a PREMJEE TRADING PTE LTD (JUOICtAL MANAGERS APPOINTED) We were appointed Interim Judicial Managers of the above Company by Order of the High Court of Singapore on 11 October 2000. On 27 October 2000 we were formally appointed Judicial Managera. TAKE NOTE THAT the Judicial Managers have not adopted any
      131 words
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      Lock icon Page 29 Advertisements Column 1
      268 29 Where to wine, dine and entertain../-? (olbs& SStEf.JSS For lunch, you can enjoy our ever popular Japanese culinary flavour while for dinner, you can tuck in to a sumptuous selection of Japanese, Asian and Western dishes. Ana from 25 Oct to 12 Nov, also sample authentic I Vietnamese fare such
      268 words
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      Lock icon Page 29 Advertisements Column 2
      71 29 I 'CELEBRATE THE LAST CENTURY WITH DE GRAND Hou;\ /< v itbit* ,6^4 exfuxienee at !&e£fi (Dxaflaxd, tfu uvne team of fnofeiiionat get jL/ toqctfiei once aqain tocontinueou. ifitciallefatioriiAip f^sTAURAHTI witfi you. *—SS2S—I 60 Robertson Quay BFS #01-13 The Quayside eR3S Singapore *****2. ..#-•w i over the others. H 'I
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      785 29 liliJ ;!•)i H—l riHiHWWMM MO Judge Judy. 100 Headline Graphics. Qnn AMH 2-52 Toiiehed By An AzigeL 2JO TV Innovations. 2418 To 6.00 am: Real-time OOJO AM Kids Central. Sesa- ajO Phua Chu Rang Pte sJO Bara. Financial Data, me Street. Ltd. BJO ID nJo SS The tjn Ape?. 1130
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    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 2
      255 29 OROTIC CROSSWORD ACROSS tear (6) 7Be in contention about money 4 A bloomer Poles had to make! and that's all (8) < 8 > 9 Impassive holy man requiring 5 Standard lor a down (10) no covering (6) 6 A measure that's of assistance 10 The others donl work (4)
      255 words
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon Going beyond Old Economy myopia
      1560 30  -  A host of established, traditional businesses are at the forefront of embracing New Economy notions, McKinsey's Hsieh Tsun-yan tells AMI A ISO ANNA TEO THOSE who equate "New Economy" with dotcoms and technology firms and dismiss the traditional businesses as "Old Economy" just don't get
      CHRIS LOH; FILE PHOTO  -  1,560 words
    • Article
      Lock icon Giving something back to S'pore
      410 30 FROM the day he Joined McKinsey In Toronto 30 years ago, straight out of Harvard, the consulting firm had been throwing him assignments and projects in Singapore and South-east Asia. And, until recently, he had been turning them down. "Why? You see, Toronto is, from
      410 words
    • Article, Illustration
      Lock icon Satisfaction lies in the journey
      1057 31  -  The education system is under pressure to change. Teachers must adapt to more flexible models of learning. Yet, this is but history repeating itself, says PATBKSK IJIIBB PATRICE LAMBE WE as teachers have a two-fold role with our younger students. We have the responsibility to
      FILE PHOTO  -  1,057 words
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  • Page 31 Advertisements
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      197 31 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. For
      197 words
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      Lock icon Page 31 Advertisements Column 2
      1268 31 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 ENQ KONG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDMARY GENERAL MEETMG NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of ENG KONG HOLDINGS LIMITED (the "Shareholders") will be held at Ficus
      1,268 words
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  • NewAsiaBizWoman
    • Article, Illustration
      Lock icon Having it all, finally
      1072 32  -  We kick off a new weekly column where women speak about issues that affect them and Asian women in general. Today, our guest columnist, a well-known women's advocate speaks aptly about the new Asian woman. constance singam The writer is an executive committee member of the
      1,072 words
  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      573 32 I zMMSIiI f J ime is of the essence for the New Asia Biz Woman, and what better way to show ii than with the elegant Corum Trapeze diamond ladies' watch, officially retailed at 514,1 70. Sponsored by Cortina Watch Centre in collaboration with The Business Times, the watch is
      573 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      128 33 Rasters THE Baltic Dry Index (BDI) rose one point to 1,762, the Baltic Panamas Index (BPI) shed three points to 1,622, the Baltic Handy Index (BHI) slipped six points to 1,127, the Baltic Handymax Index fell 37 points to 9,962 and the Baltic Capesixe index (BCD was up
      Rasters  -  128 words
    • Article
      Lock icon MARITIME STOCKS
      128 33 m w» ■m CWTO^WWBaft-— -AM Gil lfeMln»»*. 053 undi 0 pjSxjniiuZjjo 251 "o ?UB -fS MM PaeKcCarrlar* OMh- M -aoa San*Mtl.og .10.00 wrt 0 Sank Marin* 0.75 <U* 0 Sto|WH Cn-HK -0J4 met» 0 lamu**»S*tt »1t W MpardanaCorp 3.60 UK* 0 Ii3aynm.a» ,lfO «Mh 1 KmiMna CantMkm 38."*
      128 words
    • Article, Illustration
      Lock icon APL forms wholly-owned unit in India
      493 33  -  NOL subsidiary boys rat its Indian joint-venture partner By Donald Urquhart [SINGAPORE] Global container line and logistics operator APL has announced the creation of a new 100 per cent APL-owned business unit in India as part of its strategy to extend its liner presence
      FILE PHOTO  -  493 words
    • Article
      Lock icon Australia to review rules on ships near coral reef
      227 33 Reuters [CANBERRA] Australia will review controls over shipping within the World Heri-tage-listed Great Barrier Reef after a Malaysian container ship carrying dangerous cargo ran aground last week. Transport Minister John Anderson said yesterday the review would examine how to "strengthen ship
      Reuters  -  227 words
    • Article
      Lock icon Neptune Dorado given another 3 weeks to make good defects
      279 33  -  MEPTUME DORADO SDVKDVG By] Donald Urquhart [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) has given the shipowners of Singapore-flagged vessel, Neptune Dorado, three more weeks to make good the defects discovered by the US Coast Guard. The MPA
      279 words
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      Lock icon Tanker spills oil at Brazil port; crew of listing cargo ship saved
      326 33 AP [SAO PAULO, Brazil] An oil tanker smashed into a pier, spilling more than 20,000 gallons of crude oil into the ocean at a port in south-east-ern Brazil, authorities said. The ship. Verginia 11, was transporting about 26,000
      AP  -  326 words
    • SHIPPING news
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        Lock icon Aussie ports free to hire foreign towage operators
        499 34  -  Landmark ruling allows ports to pat towage services op for tender to ensnre they receive the most competitive service From Evelyn Daffy in Perth FOREIGN towage operators are now free to operate at Australian ports following a landmark Federal Court decision which
        499 words
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        Lock icon 5 carriers setup neutral portal
        294 34  -  From] David Hughes in London FIVE container shipping lines are joining forces to establish INTTRA, a neutral transportation portal on. the Internet. Maersk Sealand, P&O Nedlloyd, Hamburg Sd, MSC Mediterranean Shipping Co and CMA CGM have agreed to launch what will be the first open
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      179 34 PAGE Dongnama 3 Accord 6 t4str4ns 6 AppensMp 5 ECL 4 Assets 7 ECUUBe W Austral 6 Evergreen 6 r FoongSun 5 Fuh«i 7 USA 7 J. GUnk 4 Btang Mas 6 rr... C*"Wrtr«M 6 •COM 7 CMA CGM 3 cosco 5 JJJJV 4 9 KM 3
      179 words
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      Lock icon SHIPPING GUIDE
      17758 40 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dost'n Nome Nam* Number Number SIN Dest'n Name Name Number Number AD 1AM <AD M To BRISBANE (BNE) 2058 Australia To ABIDJAN (ABJ) 2003 Cot* D Ivolre w/n 24/n cma cgm pond
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        Lock icon CONVENTIONAL WHARVES
        822 43 Vessd Voy Mo Bfth Arrival Ptparturt Unistar 2020 'S 06/1V840 W/ll/640 Sea Wilms 00/03 JOT 06/T1/7:40 07/n/840 Lianlestan3 V0009 J02 06/0/6:50 07/n/8:00 Aulia Scrayi 36/00 J02 06/WIM 06/lV2t00 Whitemeiati 3 JOS 06/11/655 07/H/640 C Progress 04-N0V J» 06/11/830 06/11/16:00 Winstar 2 43S00 J03 06/11/830 06/11/2140 Bt Ca Mra3
        822 words
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        Lock icon CONTAINER SCHEDULES
        1854 43 gtCBjjjg Of EXPOiT Fa COMTAIHCtS AMP La CAMP Booking/Mulct Rstts SMp Voy No Etb/Btr Ported Frw To Frew ACTUAMA 07*0)0 9/440 2A 05/1700 04/DM 01/0900 a 05/1700 06/06W 06/0900 06/0700 06/1B9 M/MOO 4 Oi/BOO 04/M99 04/1700 ACX FALCON 0071 7/15:00 05/1500 05/*59 MrOO 2A 05/T700 06/0459 MAftOG a
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        Lock icon VERITAS BUNKER QUALITY REPORT
        414 43 Carte* I WOklU 9912 0.4 15.4 0.08 S3 0.05 Mm2 DMtty Water H*Mm A* AImMm Silail NoabowE25 1 0 10 0 0 1 %Hm 380 AM 985.9 0J 13J 0.06 26 0.02 (DM 380 Max 9932 0.7 *2 0.10 57 0.04 MArt »»/V »M/M M/M ww
        414 words
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        Lock icon GLOBAL HOLIDAYS
        143 43 MvO Canada: Remembrance Day. USA: Veteran's Day. Nor 23 Japan: Labour Thanksgiving Day. USA: Thanksgiving Day. Mot 80 Philippines: Bonifacio Day. USA: Thanksgiving Day. Dm 3 Japan: Culture Day. Dm S Thailand: H.M. The King's Birthday. DM 10 Thailand; Constitution Day. DM 23 Japan: Emperor's Birthday. Dm 2S
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        Lock icon COCKETT BUNKER MARKET REPORT
        778 43 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges 'in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the individual
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    • AIR & LAND transport
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        Lock icon China's passenger plane fleet to triple in 20 years
        403 44 Airlines expected to need another 1,588 planes to meet projected traffic growth of BJ>% Reuters [BEIJING] China is expected to more than triple its fleet of 499 passenger planes in the next 20 years, the China Daily said yesterday. China's airlines'were
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        Lock icon Kuwait Air in the black for first time since Gulf War
        388 44 AFP [KUWAIT CITY] Kuwait Airways Corp (KAC) posted a profit of U5577.2 million (*****.1 million) in the fiscal year which ended on June 30, going into the black for the first time since the 1991 Gulf War, an official
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        57 44 [BASRA] A crowd of people greeting thefirst flightfrom Baghdad to Basra since the 1991 Gulf war, as Iraq resumed domestic flights, sending two planes through no-fly zones ennforced by the US and Britain. One Iraqi Airways plane flew to Basra in the south while another went
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          Lock icon Cameroon Air jet overshoots runway
          88 44 AFP [PARIS] A Cameroon Airlines Boeing 747-200 overshot the runway as it taxied to a halt after landing at Paris' Roissy airport late on Sunday, airport sources said. The plane, which flew in from the Cameroonian economic capital Douala, ran off the runway and ended
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          Lock icon ANA, Austrian Air to double joint flights
          100 44 Bloomberg [TOKYO] All Nippon Airways Co, Japan's largest domestic carrier, said it plans to widen a marketing agreement with Austrian Airlines Group that will see the carriers double joint flights between Japan and Austria. The two members of Star Alliance, the world's biggest
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        Lock icon KLM's passenger, cargo traffic up in Oct
        186 44 Bloomberg [AMSTELVEEN, Netherlands], KLM Royal Dutch Airlines NV, Europe's fourthlargest airline, said overall passenger and cargo traffic rose 2 per cent last month from a year ago even as capacity was unchanged. The overall load factor, or proportion of seating and cargo capacity
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        Lock icon BA recovers further with £264m profit
        590 44 British carrier to sell low-fare carrier Go Reuters [LONDON] British Airways showed its financial recovery was well underway yesterday, posting much better than expected profits and announcing the sale of its budget carrier Go. But acknowledging there are still challenges ahead, chief executive Rod
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        Lock icon 5,000 Rolls-Royce workers in UK risk losing jobs: union
        172 44 AFP [LONDON] British trade unions expressed fears that aerospace giant Rolls-Royce is poised to axe 5,000 jobs. The Manufacturing Science and Finance union warned the job cuts would be another "nail in the coffin" of high-tech manufacturing in Britain. "We want
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        Lock icon Untitled
        1861 44 an njoff n* fibht rr» mm «m» ore 5555 com a» —snot—bb immi ma Iwl 1B< WD WW W «k» aio mnn mm 849 tmw b49 !■<»>■ MB 0(40 ***** 089 HcCMMMOlT VH7« 13» VK740 MB KL0037 1535 KL0838 a» SO/VW173 D00 S0/VW174 MB $024 2340 *1(741 IRS AF2S4 840
        1,861 words
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      198 33 VTrrgfcymyirKTf I H I mO /f ItMr if V V g .Jgr f, i 5 $W-M& v r Block 219Henderson U/a»»1/Ii»o*o TTii nKiim I tiinr P+a f #04-03 Henderson Industrial Park Singapore *****6j|igi 1 vv OnUgolC Web Site: http://www.ohioexpress.com IlKj fiMKI Ljlll 180 Cecfl Street ol(*g#3, w E-Mail: sales@ohio.com.sg Mmbcu
      198 words
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      16 33 M Aussie porta treelo romgn towageopermorw fj»gz China's passenger planelle to triple hi 20 yean BaekPg
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      693 34 SUKRaMOTIEBOOBS<MX> IjWjIWWIWWW "SS 1 m I m an mm 'w® w? P®— I■» ooaurw .sw> 8/1. 11/11 i«/n mm m n/n sa N/11 n/11 11/11 n/11 ooa NfnauNDS nvu 01/11 19/11 11/11 WAxmimmumn 1 NO N«IOtO ■AUCCA MC IS/11 14/11 W/11 N/11 OOa. BRITAIN 37W44 01/11 N/11 N/11 PM> RNUOTIOANNR
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      675 34 Lines services represented by Members of the Registry of Members of the fcljjyi/ Accredited Shipping Agents, Singapore logistics y Singapore Shipping Association Association PIS TEM EU P.KIANG SPOKE MAU ts£ Princess Uy VOBOO 13/11 14/11 21/11 Empress Lily ***** 03/12 04/12 12/12 Empress Ltfy VOOlO 23/12~ 24/12 31/12 ''i pi
      675 words
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      1138 35 w. rr .....WW, .W.W...WW. i fcvww SAX SERVICE (PtRKT) Vtssa VDY SMETA LAX OAK ML HOU 0< 001 MM Al NYC API JAM 024E 08/11 23/11 21/11 21/11 »/11 S/11 21/11 »/ll 29/11 29/11 API GARNET 0241 IS/11 30/11 05/12 OS/12 05/12 OS/12 OS/12 OS/12 07/12 07/12 API sno. 0241
      1,138 words
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      1535 35 HANJIN SHIPPING jik FI U i.MsMrila» -S4b *****30 NAHM SMPTM6 (S) rn LIB fa*//mm. k*. cm OOMMt: *****35-23/ 5*£5:23M224-2M OOOMHT: *****71 274 OfflUlMfc *****50-2 SI MAM UK *****55 FUSMII4S CI Mh U534f3000M TO NW USA Sl CANADA USA (CANADA' mva/vor MM m CM MM m m n m m to
      1,535 words
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      263 35 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONO KONG FOR ENQUIRIES, PLEASE CALL 220-8558 Pi* U4. Ttfc *****51 M*W7 TtUQn) m-TViJSSJ H fau INtIU/IMVIIS imrnm» «Mm«M »>Jii »M fas. //„.u, L—li L. (fill #4-24)4144 afciminNiN jmuut pj.tiitwi $rssiun pui ir-tsitm i MBETT WCTKI V PrtNTA INKB ICTID KgBVIPF TO
      263 words
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      1345 36 SENATOR LINES TO UK/CONTINENT TOMiI»raKRANEANCANADA VESSEL VOY SM LfH RTW ANB HAM IBV FIX VtSStl VOY "ST" GfT SP* FOS VIC I MTB CHOYAN6 ATLAS OBISW 07 11 24.11 25.11 27.11 25.11 25.11 35.11 PALERMO SENATOR SMIW SS.II 25.11 25.11 SS.II 5212 SS.I2 HAMJM KEEIUNG SS77W 10.11 0312 84.12 38.11
      1,345 words
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      707 36 MtRiiUM lll RQUMNQ: (07) *****26 jffgowSS™ 107 SSiNtt^B?4aiSt!> HAIPHONG HO CHI MIHH MV "'VAN XUAN" V.E5250 MV "BUANA SINAR" V.A1460 ETA SIN: 11-11-2000 ETA SIN: 10-11-2000 AARHIIS HELSINKI MV "MING EAST" V.045W MV "TYNE" V.540W ETA SIN: 12-11-2000 CTA Smt ,0 '"^OOO LONG BEACH HONG KONG MV "CHOYANG ACE" V.OI3NE
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      666 36 EXPRESS CONTAINED FEEDER FOR N.SHEVA (CFS MULUNO. MUMBAI/COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I.C.D. POINTS VMS* S PORE N. SHEVA COLOMBO P.KLANG TULSIOAS ¥.133 12 NOV 21 NOV 25 NOV lIOEC CAPE CREUS V.115W 11 NOV 21 NOV 82 OEC M DEC CAPE CANAVERAL V.132W 21 NOV 05
      666 words
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      1699 37 I VESSEL VOY KHH HKQ I SX I PKt I PX» BAB PMM MX IRAN BAAKERI PCL-180 07/11 08/11 11/11 12/11 21/11 22/11 24/11 26/11 IRAN HORMOZGAN PCL-181 14/11 15/11 18/11 19/11 26/11 27/11 29/11 01/12 IRAN TEHRAN PCI-182 21/11 22/11 25/11 26/11 03/12 04/12 06/12 08/12 IRAN TABATABAEI PCL-183
      1,699 words
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      1082 37 TO: COLOMBO 4tfJ|gKtfmr MONDAY (l/lt 4 BAYS) I GENERAL AGENTS IN SINGAPORE: 80 ROttNSON RD TEL 226 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICE; COSTAR SNIFFINfi PTS LTD #12-00 saus/hgs 4205*57/43 INWARD DOT (D/ 0) *****86 COSTARAGENCIES (M) SDN BHD VSI/VOY [~S6P HXG StU OtN UN DAI YAM SH€
      1,082 words
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      628 37 IHtX POUT I IMPOKT I SB*- ifiMiltiMilffl l&IMIilill i —inn. iiTTMiMwrri t —I— WWiWHUBBM (i ]K(m uMoe rat i) unlvissa vor I la oii si n. mm, m mum, mm—mtqm jtW TJ7TI R7TI B7TJ fj!sssKsi!?i aay w =ssr=ir w» ■pgotr iwotT waa I »ir la 1 IWW m mm. [vot
      628 words
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      851 38 MtPfTHIRAMIAN/ItACIC StA/tUKOWS SCTVIOES EXPORT VKsa/VQTMg I scr lao Ivwi lots Iwu Iwv fnr lis injuißootsoq* ivii 25/1127/1129/1101/1? ayn oi/iwi? oyi2 UUMCORM 0069-002W 19/11 01/12 OVI2 05/12 07/12 07/12 09/12 IM2 mgMIMBW a/11 o^l2lo/12 12/12 IVI2 IVI2 IVI2 16/1? 17/12 PUNIYOO7I4I4* OVI2 15/12 17/12 19/12 21/12 21/12 2V12 2V12 JIBaiWEOOmOIW 1(V1?
      851 words
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      359 38 AMMAN PBtSMN lU§ CQMRMNISWKI IXPOtT VESSEL VOYAGE SGP CRM DIM JBA AMI DRM BAN KM NXV XIANGHE 0162W 12/11- 2VII 25/11 29/11m ACCORD 063M32W 13/11 17/11 22/11 23/11 24/11 UM ASSURE 015M1SW 14/11 11/11 24/11 27/11 RING HE 0164W 17/11 21/11 30/11 04/12UM ASPIRE 0639-027W 20/11 24/11 29/11 30/11 01/12
      359 words
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      865 38 W»SS£| VQT "UM I m LfM VKSH VOT SM *T fJN JifflUttl 521H J! Ml —LiZLI mISB ilsa in/!i ~!v!I 17/11 muati us— am iiSl——iml_ SKsr m? —Bft !$i r rr" -a-i=Hi=—•w- He S i^^-== CHAMAWUM ***** 11/11 15/11 14/11 |PTI IWM 101S IVII H/ll irmi imiM- mi n/ii ii/ii
      865 words
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      513 38 INDONESIA NATIONAL LINE TO AUSTRALIA 1 va wr wb m m m stp m m m m mmm us N/iiv/ii 11/11 n/11 n/11 M/ 11 rmmm as" om 17/11 vm ST" ii 7« S/» nnwanr "sir n/ii ti/ii p/ii «/ii is/ii M/ii ranßMi as p/11 M/ 11 n/11 H/11 is/11
      513 words
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      494 39 BSA ii. mm. MYANMA wBBk FIVE STAR UNE (Myamiar Notioaal Line) Loading for Yongon VESSEL VOY SM PU PEN PGU mm LA 36W su> PAGAN 20SW IN PT MALAYSIA AGENTS: OOUSTUO SMPPMG AGENCIES KUL TEI 03-*****00 PU: TEL 03-*****101 PEN: TU 04-*****02 PGII: TEL 07-*****21/4 t«| BANK LINE (A tcrvitt
      494 words
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      1350 39 HMNE* ivßsa w>r an sou iuh i ira ant I han |wv wr l son it |ra /mr nmm wv APIAUMMBK 31«W 09/11 27/11 02/12 29/11 31/11 MAAS $3* 20/10 21/10 IS/10 17/10 00/11 IYK S4OW 10/11 01/12 02/12 20/11 20/11 NOLANA2DNIE OSIE 14/10 21/10 10/10 19/10 09/11 Aft AGAR
      1,350 words
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      847 39 v\frv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA "CAR RORO HIAVYUFT StRVKi" [VESSEL VOY I RAMP HBGHT SW IK MAO MU SAV BAI OtF NYC NEW RWO nnou AHO22 400iw ftJM iw wn 2T7iT WTT WiT w7ii~ 21/1J oI7oT 04/01 TAMPA AHO23 4001w 6.3 M 24/11 24/12 03/01 04/01 01/01
      847 words
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      88 42 Bft?W* 1 Bmi 81 Hill H BHMifl M TM BCTI»T M MiMB 18I^B Qt&M SINGAPORE PTE LTD KYOWA LINE 19 McCallum Street #03-01A)2 Natwest Centre Singapore *****9 Fte (65) *****66 Email: «eneral«ecusin ecullne net Webstte: http-7/www eculine.net I Direct Breakbulk/Container/LCL I INDONESIAN PORTS Service to I Banjarmasin/Jambi/Palembang/ Manila/Guam/Salpan Panjang/Pontianak/Perawan/Pekan Baru
      88 words
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  • Page 43 Miscellaneous
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      139 43 A I inninnnrmnn raßv "s 11 s W flv fITK u Issued by Meteorological Service Singapore K Thunderstorm Rain Temperature 0 Wjn( j direction and speed in knots IT «f r. Weather U Cloudy Day c>o Hazy Sea Conditions Wind speed symbols 1 Slight, < 1.2 m O Full circle
      139 words
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