The Business Times, 5 December 2000

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Microfilm: NL22039
Total Pages: 48
1 48 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES MITAfP) 035/12/1999 85c SINGAPORE Internet: http://business-times.asial .com.sg/ TUESDAY, DECEMBER 5, 2000
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  • Article
    Lock icon MARKET SUMMARY
    71 1 Dsn 1,930,97 (-24.03) BT-SRI (-6.75) ST INDEX FUTURES 1,929.00 (-83.00) SIMSCI FUTURES 249.40 (4.20) STOCK MARKET INDICES Monday Change 723.76 -1.93 WCKKI225 14,954.73 +119.40 HA&O SENG 14.559.24 +117.81 SETINflEX 271.47 -2.39 JAKARTA COMP 429.90 +2.35 MANILA COMP 1,***** -4.42 TAIPEI WPl 5,174.02 -103.33 SEOUL COMP 501.73 -12.73 OSA
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  • Article
    Lock icon FINANCE
    74 1 FOREX RATES l*S$ s$ USS 1.752 £(US$/SS per 1.439 2.520 EliRO(US$/S$/E) 0.877 1.537 DM im 1572 YEN 111.0 63.40 KM 3.800 2.169 H KS 7.800 4.453 BAHT 43.75 24.97 RUPIAH 9,517 5,433 PRIME BATES SINGAPORE* 5.80 KUALA LTMPUR 7.67 JAKARTA J9.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50 TAIPEI 7.84
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  • Article
    Lock icon Japan's Q3 growth slows to a sobering 0.2%
    689 1  -  Trends from now on give no canse for optimism, says planning agency From, Anthony Rowley in Tokyo JAPAN'S official Economic Planning Agency (EPA) gave a sober assessment of the economy yesterday as it reported that gross domestic product grew by a mere
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  • Article
    Lock icon Correction
    66 1 IN yesterday's article on the Citibank Stock Challenge, we said that those who want a crack at the $20,000 top prize can still sign up at asiaonemarkets.com or newasiawoman.com. The top prize is actually only for participants who have been taking part in the online game for at least
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  • Article, Illustration
    Lock icon S'pore law firms pumping up their life sciences expertise
    860 1  -  I-I I exclusive With conveyancing income nnder threat, firms are diversifying By Ling Su Ann [SINGAPORE] Singapore law firms are pumping resources into developing expertise in the life sciences, an industry heralded as "the next big thing after information technology". With
    SIEW YAW HOONG  -  860 words
  • Article
    Lock icon Coming up at Capital Tower: the swanky China Club
    480 1  -  |»M exclusive By. Marissa Chew [SINGAPORE] The elegant China Club will open its doors here early next year, bringing a touch of chinoiserie and fine Chinese cuisine to the heart of the city. The club, founded by Hongkong businessman David Tang,
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      80 1 INSIDE Top Stories PAP has 'at least 12' potential new candidates: BG Lee. Next Page John Fredriksen's World Shipholding launches Osprey general offer. Pg 4 Thai state-owned telcos may merge. Pg 15 peßsTro Pepsico to buy Quaker Oats for USsl3b in stock. Pg 22 Knowledge Economy Slow people, slower world.
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      17 1 Is Redas lobbying for jH removal of 20% Wt downpayment rule, Ff asks Lee Han Shih "Pgn
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      102 1 Is the life sciences industry the next big thing after technology? Click on httptf/business'times.asial.com.sg to give us your vote. DANIEL ROTH "Premier" Exclusive Daniel Roth module. vo^. SINGAPORE THE HOUR CLASS Takashimava SC. >\ q» MALAYSIA THE HOURGLASS Lot 10 Shopping Centre Tel 734 2420 Scotts S.C.TeI 235 7198 Lucky
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      5 1 All are welcome, Next Page
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  • NEXT page
    • Article
      Lock icon PAP has 'at least 12' potential new candidates
      534 2  -  At least 2 women included; party looking for more good people for next polls: BG Lee n, h Anna Teo [SINGAPORE] The People's Action Party has "at least 12" potential new candidates for the next general election, not counting its two defeated
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    • Article, Illustration
      Lock icon Princesses and conmen – all are welcome: founder
      491 2  - Princesses and conmen all are welcome: founder |:il exclusive Members can feel relaxed and convivial in clnb By\ Marissa Chew [SINGAPORE] The China Club will welcome anyone from princesses to conmen and will be a place where members will feel relaxed and convivial. says the club's founder David Tang. A
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    • Article
      Lock icon 3 senior Indonesian Cabinet ministers may quit: report
      441 2  -  Cabinet support for Abdurrahman fast eroding, say sources From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid's year-old government was rocked by a report that three senior Cabinet ministers may resign soon. The report caused more uncertainty in the already jittery financial
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    • ON THE grapevine
      • Article
        Lock icon OCBC Bank's first ang moh staff?
        136 2 OCBC Bank's head of bancassurance, Richard Vargo, could very well be the bank's first ang moh full-time employee. Mr Vargo, who came on board in April, is from Ohio in the US He said that at the job interview with OCBC vice-chairman Alex Au,
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      • Article
        Lock icon Christmas, Vegas-style
        71 2 RESEARCH firm International Data Corp is certainly going out of its way to avoid holding a run-of-the-mill Christmas party. It's hosting a Las Vegas-style party next week with $1,000 worth of gambling chips going to each guest. We're hoping that it's not an ordinary Christmas turkey that will
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      123 2 ZENITH Swiss watchmakers since 1865 Jr complete calendar, moonphases. El Primero, the first automatic chronograph movement in watchmaking history, was developed in 1969 and its creation represented the last great challenge in the art of watchmaking. To this day it is the most accurate chronograph in the world, measuring time
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      122 2 Stock Challenge Top Performers: Dec 4 NAME GAIN 1 Mr Loh Kin Poh 94,857 2 Mr Seong Peck Thong 92,310 3 MrTanKeatHoo 81,319 4 Mr Ong Chung Keong 76,204 5 Mr Goh Kok Kian 67,882 6 Mr Lim Seng Huat 51,634 7 Mr Zhou Hong 40,392 8 Mr Lim Chin
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      106 3 VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755 I, fc X HU Vv --V ffi; Jro* /fim ®fe;;; MMffijimatWM^-.^-r mt M^KUSS^^^W^^^BBf\%y 'jBP wfcfe/>Mis:.', //Xn \«#Jy Chronograph with double date window. r^wßmm Available at <f> Cortina Watch Centre Df LA HAUTE HORLOGERIE SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel:
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Fredriksen launches Osprey general offer
      682 4  -  $1 cash offered per share for remaining 47.07% stake that World Shipholding does not own Serena Ng NORWEGIAN shipping magnate John Fredriksen's World Shipholding Ltd yesterday launched a formal general offer for the remaining 47.07 per cent of Osprey Maritime that it does not already
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    • Article
      Lock icon Fund managers want better research: poll
      461 4  -  Fewer brokers used as this encourages, best product, service Ling Su Ann BROKERS have to step up the quality of their research and sales services or risk losing the business of big clients like fund managers. According to a Reuters 2000 survey of global
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    • Article, Illustration
      Lock icon Ezyhealth operations seen breaking even by end of 2001
      410 4  -  By David Boey MAINBOARD-LISTED Ezyhealth Asia Pacific Ltd, an Internet-based healthcare services provider, said it has kept the company's "burn rate" at a manageable level and expects its operations to break even by the end of next year. Ezyhealth executive director
      FILE PHOTO; Source: Bloomberg  -  410 words
    • Article
      Lock icon SingTel eyes British Telecom's SmarTone stake
      253 4 Besides BT's 20% equity, it's also interested in baying over Sun Hung Kai Properties' 26.6% stake Reuters [HONGKONG] Singapore Telecommunications Ltd said yesterday it would be interested in any of British Telecommunications pic's Asian assets that it puts up for sale, including its 20
      Reuters  -  253 words
    • Article
      Lock icon MAS should just scrap the QFB'beauty contest'
      800 4  -  lock siew siow li sen POREIGN banks are bracing themselves to be invited to submit applications to the Monetary Authority of Singapore (MAS) for the Qualifying Full Bank (QFB) licence. Why bracing? The benefits of QFB status it allows foreign banks to penetrate
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    • Article, Illustration
      Lock icon F&N, Cerebos expected to report a trebling in their net earnings
      732 7  -  Analysts estimate $140 m for F&N, $43m for Cerebos for year ended Sept 30 By Serena Ng FRASER Neave and Cerebos Pacific could see at least a trebling in their net earnings for the current financial year. But their
      FILE PHOTO  -  732 words
    • Article
      Lock icon Brierley sells stake in Sealord for NZ$207.8m
      130 7 Reuters SINGAPORE-BASED Brierley Investments Ltd (BIL) said yesterday it had sold its 50 per cent stake in Sealord Group, a New Zealand-based international fishing company and processor, for NZ5207.8 million (*****.3 million). The purchaser is a company jointly owned by the Treaty of
      Reuters  -  130 words
    • Article
      Lock icon ECS plans China tie-up to increase revenue
      349 7 Bloomberg ECS Holdings Ltd, the distribution arm of Nat Steel Electronics Ltd, said it's keen to work with its parent's China partner, tapping into the country's US$lO billion (5517.5 billion) information technology market. Nat Steel Electronics, Asia's No 2 maker of electronic parts
      Bloomberg  -  349 words
    • Article
      Lock icon Not time to bottom fish for Chartered yet: ING
      121 7 Reuters THE share price of Singapore blue chip Chartered Semiconductor Manufacturing Ltd still faces negative news from falling prices and greater competition, ING Barings said in a research report. ING, which kept its "hold" rating on the world's third largest independent
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    • COMPANY Briefs
      • Article
        Lock icon KNS gives S'wang Kimtrans 3-year deal
        60 7 KATOEN Natie SembCorp Pte Ltd (KNS) has awarded Sembawang Kimtrans Ltd a three-year container-trucking contract. Depending on the production level, the contract value is estimated to be $5.76 million. Under the contract, Sembawang Kimtrans will provide container-trucking service to KNS for the transportation of
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      • Article
        Lock icon Multi-Chem in koint venture with CEC
        53 7 MULTI-CHEM Ltd has entered into a joint venture with Cambridge Electronics Corporation (CEC) to set up Cambridge Multi-Chem Electronics Corporation (CMC). CMC will be principally engaged in offering printed circuit board precision drilling services, drill bit regrinding and other services relating to the printed
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      • Article
        Lock icon Inno-Pac deal with DSJ off
        52 7 INNO-PACIFIC Holdings said its agreement to acquire DSJ Pte Ltd, which owns an office-and-shopping complex in Wellington, was terminated on Dec 3. The vendors, who had extended the validity date of the agreement from June 3 to Dec 3, do not wish to grant a
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      • Article
        Lock icon AirOcean net up a marginal 1.3%
        95 7 AIR cargo specialist Air Ocean Group reported a marginal 1.3 per cent rise in group net profit for the six months ended September to $2.75 million. This was despite a 99 per cent rise in turnover to $65.2 million. The higher sales were due
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      80 4 DISTINCTIVELY THE NO.l CLUB X. !j| I Sole Agent: I a* Office: 4 Chang Charn Rd, Singapore *****3 X Transview Golf pte no J #02-25/26 Far East Shopping Centre. Tel: 732 6861 #01-05 Mandarin Hotel Shopping Arcade Tel: 738 1155 J #02 46/47/48 Specialists' Shopping Centre Tel: 732 0955/6 3rd
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      124 5 the have Now for the |^H Hi with HI HI HH around the globe, and the resources of the Ericsson Group at their disposal, our consulting operations ace a force to be the arena. We're on the can generate value for banks to W^^MJ/ FA] *11 ATm r A| ■#il
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Tech sector jitters, US data keep investors at bay
      551 6  -  I:J I comment STOCKS ven sreenivasan TECH sector earnings jitters, volatility on Wall Street and increasing concern over the slowdown of the US economy sent Singapore stocks skidding yesterday. An intra-day recovery failed to hold out as the market succumbed to
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    • Article, Illustration
      Lock icon SingLand wrt attractive despite poor liquidity
      194 6  -  WARRANT WATCH By' Ven Sreenivasan SINGAPORE Land's recently-listed warrant made it to the gainers' list yesterday as it jumped three cents to $1.49 on a volume of 134,000 units. Meanwhile, the underlying stock was up eight cents to $3.60 on 76,000 shares traded. The
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    • Article, Illustration
      Lock icon PCI may find support at $1 mark
      269 6  -  HOT STOCK By Wong Wei Kong SHARES of electronics manufacturer PCI Ltd eased further yesterday in line with other electronics counters, and as speculative interest in the sector waned. PCI shares closed down nine cents at $1.06, near its day-low of $1.05. The
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    • Article
      Lock icon Market Notices
      142 6 GRP independent director Lee Han Khim has resigned, effective Dec 1. He has also retired from the audit committee of the company. ♦NIPPECRAFT director Song Sheng Tai has resigned, effective Nov 30. ♦INTERNATIONAL Press Softcom has appointed Jeffrey Goh Peng Huat general manager for media replication centre, effective
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    • Article
      Lock icon Greenback dips against yen on profit-taking in Asia trade
      365 6 AFP [TOKYO] The US dollar dipped against the yen in Asian trade yesterday as players took profits on the greenback's rise against the Japanese currency before the weekend, dealers said. The US dollar traded at 111.02-05 yen at 0800 GMT in
      AFP  -  365 words
    • Article
      Lock icon Untitled
      520 6 Stocks Volume PacificCenturyl Oc 23.841,000 PCI 25c 15,486,000 Omni Ind 10c 14,483,000 CapitaLand 10,936,000 AddvalTech 2.5c 7,970,000 OUB DB eCW*****3 6,887,000 Chart Semiconductor 26c 6,847,000 Gul Tech 20c 4,511,000 IPCO 20c 3,977,000 NOL 3,777,000 Stocks OCBC 43,872,881 Omni Ind 10c 40,601,240 Chart Semiconductor 26c 39,780,654 CapitaLand 32,201,275 DBSGrp 22,712,629 PacificCenturyl
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  • Page 6 Advertisements
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      242 6 04") *4 ft <1 0 GREEN WORLD HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 10 July 1999) INVITATION IN RESPECT OF 11,000,000 NEW ORDINARY SHARES OF $0.20 EACH COMPRISING:(A) 1,000,000 OFFER SHARES AT $0,285 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (B) 10,000,000 PLACEMENT SHARES
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      60 6 Grow Your CPF With eiBht Important: All applications for units in eight must be made on the application forms accompanying the prospectus. Investors must read the prospectus. The value of the units and the income from them may fall as well as rise 881 XtSBANK VEHICLES f The Straits Times
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      7 7 CAT.S. Buy It. Sell It. Find It.
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      157 7 Dimensions: 158 x 56 x 27 mm Talktime/Standby time: 3-6hrs Key features: compact size, large JL screen, phone, fax, short I messages, email, digital camera I 0 connectivity, smart messaging, I Internet, contacts, notes. I f calendar, games Advanced Hl 9 h Power Battery Headset Desktop Stand Screen large backlit
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      909 7 WORLD SHIPHOLDING LTD. (Incorporated in the Republic of Liberia) UNCONDITIONAL CASH OFFER FOR OSPREY MARITIME LIMITED (Incorporated in the Republic of Singapore) Introduction On 22 November 2000, World Shipholding Ltd. (the "Offeror") acquired 191,000 ordinary shares of US$O.lO each ("Shares") in the capital of Osprey Maritime Limited ("Osprey" or the
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Local start-up plans to link all households via the Net
      383 8  -  Ezihub project estimated to cost $10m; revenue will come from PC sales, Web advertising Hy\ Bruce Chong LOCAL start-up Ezihub Inc is launching a programme which aims to link up every household via the Internet. The project, known as Townonline,
      FILE PHOTO  -  383 words
    • Article
      Lock icon MAS clarifies position on asset securitisation by banks
      426 8 It may allow banks to own preference shares in nnits set up specially for securitised assets [SINGAPORE] The Monetary Authority of Singapore yesterday clarified its position on asset securitisation by banks, saying it would consider allowing banks to hold preference shares in
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    • Article, Illustration
      Lock icon S'pore must go for automated handling of trades
      468 8  -  STP is necessary to stay competitive: Arthur Andersen Hy\ Siow Li Sen SINGAPORE is in danger of losing out as an international financial centre if it does not put straight-through processing (STP) of financial transactions high on the agenda, said Arthur Andersen
      SIEW YAW HOONG  -  468 words
    • Article
      Lock icon First interactive TV trial begins end-Dec
      266 8  -  By' Tang Weng Fai MEDIA Corp of Singapore (MediaCorp) and OpenTV yesterday announced the region's first interactive TV trial using OpenTV technology. MediaCorp also announced that it would eventually adopt the European interactive TV standard, called Digital Video BroadcastingMultimedia Home Platform (DVB-MHP) for use
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    • Article, Illustration
      Lock icon Oil jacks up Oct wholesale prices
      269 8  -  I=ll=l on the economy economic forecast By] Marissa Chew SPIRALLING oil prices have once again caused wholesale prices in Singapore to go up, with the domestic supply price index rising 10.3 per cent in October. The domestic supply price index measures the prices of
      Source: Dept of Statistics  -  269 words
    • Article, Illustration
      Lock icon Soccer marketing industry set to score big in Asia
      479 10  -  It is expected to gross more than $500 m over the next five years m exclusive By] Errol George THE Asian soccer marketing industry is expected to gross more than $500 million over the next five years, excluding revenues from the
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    • Article
      Lock icon Tommy Koh heads FTA talks in Washington
      361 10  -  Negotiators urged to wrap np meeting by year's end By\ Eugene Low TALKS between Singapore and the US on a free trade agreement (FTA) began in Washington yesterday, with the team from Singapore led by Am-bassador-at-Large Tommy Koh. US President Bill Clinton and
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    • Article
      Lock icon Support ½ % club idea
      284 10  - Support club idea MAILItEffI Ton Kin Lian Chief executive officer NTUC Income Insurance Cooperative Ltd I URGE Singaporeans and business organisations to respond to the call by Prime Minister Goh Chok Tong to pledge 0.5 per cent of their disposable income or net profits towards charity and community projects. I
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    • Article
      Lock icon Conflict of interest is really likely
      110 10  -  Narayana Narayana Singapore, via Internet I REFER to your article "Who will regulate the regulator?" (BT, Nov 24). Paul Thompson's article raises an interesting point, all the more so when, in the aftermath of the Pan-Electric debacle, it was decided that "self-regulation" posed a
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    • Article
      Lock icon Water: act quickly to be self-sufficient
      98 10  -  Ang Ah Lay, Singapore I REFER to the letter "Singapore must act quickly on water supplies" (Mailbag, Nov 28) by Denis Distant. I support his call for Singapore to act quickly to achieve maximum self-sufficiency in water as soon as possible. Singaporeans' future should
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    • Article
      Lock icon URA data: make use of Net to keep public updated
      231 10  -  Danny Lim Singapore, via Internet I REFER to the article, "Redas, consultants plan to complement URA data" (BT, Nov 30) by Lilian Ang. Statistics and figures can't be manipulated. However, what the statistics is based on and the way the
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    • Article
      Lock icon Clob shares resident in S'pore?
      213 10  -  Denis Distant Singapore, via Internet I REFER to your article "45% of Clob shares released: Effective" (BT, Dec 4). The article is aptly summarised in the last sentence: "All the Clob shares have come back to Malaysia," Mr Moiz said. When were the so-called Clob
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      73 8 occ&iuut &h <Jtii Maj&ity the fCisuj. i feisdhdcuf., we. Uumldy wiih «Mii Majesty \tfoJ? <fOad health and ho^ifUneM,. Long Live His Majesty The King v.^ >% A .y -> "...Assisting people to work ami become self-sufficient is the most important prerequisite of economic development..." The Siam Commercial Bank, PCL Singapore
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      26 8 fiTsil Lianhe Zaobao 1 I Chinese entrepreneur I who started with I 1 MOO t I $100 m i I ffrr I I W 173® I
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      853 9 ?tko 000 Wfm»S,H' i' V ■ilM^** oqO afc c 0^ t 36 10 u^ _o/>v vV^ vE>V .oAb 0,0 .cP 0 ofcf' N 0 v^^'''^Lc>"' t«4 \V->v c.jo° -v? \f\V\" J <-V'\a v < C\V, 0 n^ j raSBaIMW <p Ov.° > t?%l i <-A. N 5 ywni fr—M v
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      1986 10 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TELE-DEVICES PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101-A Upper Cross Street.
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      432 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SZE CHUAN ROOM PTE. LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havelock Road #07-07 Apollo Centre, Singapore *****3, on the 4th December 2000
      432 words
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      289 10 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF KINERTECH PTE LTD (In Members' Voluntary Liquidation) Extracts of the Minutes of an Extraordinary General Meeting of the Company held on the sth day of December 2000. SPECIAL RESOI.I'TION "That the Company be wound up voluntarily
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  • FOCUS property
    • Article, Illustration
      Lock icon Get ready for more bad news on the home front
      714 11  -  I=ll comment PROPERTY It's believed to be part of a plan to get the 20% downpayment rule lifted lee han shih Looks like developers are making yet another try to remove the rule that requires a home buyer to plonk
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    • Article
      Lock icon M Fudosan plans 12.5b yen bond sale
      154 11 Bloomberg [TOKYO] Mitsui Fudosan Ltd, Japan's largest real estate company, and three American financial units plan to raise as much as 12.5 billion yen (*****.5 million) from a second sale of bonds backed by mortgages on 13 properties. The subordinated bonds are likely
      Bloomberg  -  154 words
  • Page 11 Advertisements
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      194 11 54 AQUARIUM Net the best catch of the day here. I CATS. The Straits Times Classified Never has the competition for business 1 in ship repair and conversion been „„r-r-j With more new shipyards entering ilj' the fray, prices tumble while standards rise and time frames shrink. Now it's all
      194 words
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      Lock icon Page 11 Advertisements Column 2
      311 11 !£*n LONDON W2 p -:r^^ Investment opportunity, c«// £36 6###. 350 Orchard Road, #12-01 Shaw House, Singapore *****8 Kr JLAvjALLIjii Strata or Enbloc Commercial Space for Sale 73 flu fat Timah Road H^. 4 floors of commercial space; Freehold Total strata area 34,660 sq ft fci. JM Each strata floor:
      311 words
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      71 11 Mortgagee's Sale 8-Storey Light Industrial Building at Tampines St 92 Land area: 51,721 sq ft Gross floor area: 129,288 sq ft HDB 30 30 years wef 1994 (subject to conditions in Building Agreement) Excellent as corporate headquarters Sale with vacant possession IlOfa De ben ham WM Tie Leung Suntec Tower
      71 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Bless the Fed — no slipping on bananas
      761 12  - Bless the Fed no slipping on bananas bottom line OPINION paul krugman The writer is a professor of economics at the Massachusetts Institute of Technology NYT BACK when Jimmy Carter was president his anti-inflation czar, Alfred Kahn, was chastised for his excessive frankness when he spoke about a possible recession.
      NYT  -  761 words
    • Article
      Lock icon IN OTHER WORDS
      115 12 'I can't recuse myself from my constitutional duties as governor of the state, and I can't recuse myself from being my brother's brother, either. I know the Gore campaign would love for me to basically disown my family, but I'm going to do what's right.' Jeb Bush
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    • Article
      Lock icon Moderating expectations—upwards
      559 12 Moderating expectations —upwards EDITORIAL THE writing was on the screen when personal computer sales in the US, a bellwether of consumer demand during the usually hectic holiday period, were far slower than expected. In general, profits are down, businesses cautious and stock markets bearish. Like a modern-day Grinch, dismal economic
      559 words
    • Article, Illustration
      Lock icon Taking corporate governance seriously
      867 12  -  For their own good, S'pore companies should check ont the draft Code and actively participate in the feedback process Lance Ng The writer is a freelance finance journalist CORPORATE governance has become the new buzzword of equity markets. In recent years, there has been more and
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    • Article
      Lock icon A mockery in store for US business?
      704 12  -  COMMENTARY «</ Robert Reno LATWP A GEORGE W BUSH administration, if it ever finally occurs, is shaping up to be the most business-friendly since Calvin Coolidge told the American Society of Newspaper Editors, in one of his fits of oversimplification, that "the chief
      LATWP  -  704 words
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  • MALAYSIA news
    • Article
      Lock icon Berjaya debt repayment plan to be out by Jan
      298 13 KUALA LUMPUR Bloomberg BERJAYA Group Bhd, one of Malaysia's largest diversified groups, said it will say by January how it intends to repay the RM2.6 billion (Ssl.2 billion) it owes its units. Berjaya, whose inter-group loans have angered investors, said it
      Bloomberg  -  298 words
    • Article, Illustration
      Lock icon Japan's NTT becomes 1st foreign ISP in Malaysia
      398 13 KUALA LUMPUR Govt says some homegrown ones are failing to meet expectations Reuters HARD on the heels of government warnings to local Internet service providers to lift their game, Japan's Nippon Telegraph and Telephone (NTT) has become the first foreign firm to
      Reuters; AFP  -  398 words
    • Article
      Lock icon Way paved for MAS foreign partner
      338 13 KUALALUMPUR BIA sells 9.09% stake in carrier; no word yet on deal with Tajudin Reuters MALAYSIA'S purchase of Brunei's stake in Malaysian Airline System (MAS) marks a major step toward preparing the ailing carrier for marriage with a financiallystrong foreign airline, analysts said yesterday.
      Reuters  -  338 words
    • Article
      Lock icon MASkargo suspends its vice-president, Gotz
      146 13 Reuters, Bernama [KUALA LUMPUR] The cargo arm of Malaysian Airline System (MAS) has suspended vice-president Ralph Gotz from his duties effective from Dec 1, the Malaysia Business Times reported yesterday. It said the decision was made at a board management meeting last Thursday and was
      Reuters,; Bernama  -  146 words
    • Article
      Lock icon No change in M'sian banks merger deadline
      241 13 KUALA LUMPUR Still Dec 31, says minister, refuting press report Bernamas Reuters THE deadline for all bank mergers to be completed remains at Dec 31 this year, the Treasury said yesterday. In a two-paragraph statement. Deputy Finance Minister Shafie Mohd Salleh said there
      Bernamas; Reuters  -  241 words
    • Article
      Lock icon S'pore papers, drop siege mentality: KL
      439 13 KUALA LUMPUR Suggestion Dr M provoked Gas Dor into attacking S'pore is baseless: minister Bernama FOREIGN Minister Syed Hamid Albar said Singapore newspapers, The Strait Times in particular, should discard the siege mentality of believing that others are constantly harbouring evil intentions against the
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      277 13 r- mmm ***> j m» m*&* «L.. ,y Today, ICX Electronics Asia Pte celebrates the WMB T opening of its Singapore office. ICX Asia commenced business pt3r~ n August as a majority-owned subsidiary of ICX fb Electronics.com, its California USA based parent. ICX Asia's *t* thßWk f fVr*jHWrW. activities are
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      755 14 J mam h m Kadut industrial hik 1 site (***** sqm) for Oicncral Industry. Employment Woodlands East Industrial Park 1 site (10,353 sqm) for General Industry. I I m Catchment: Chua Chu Kang and Woodlands New Towns. Food Centre Employment Catchment: Woodlands and Sembawang New Towns. Food Centre I I
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  • REGIONAL news
    • Article, Illustration
      Lock icon 2 Thai state-owned telcos may merge
      691 15  -  exclusive New 290b baht giant may be later privatised as Thai Telecom, says TOT chairman From) Harish Mehta in Bangkok THAILAND'S two state-owned telecoms operators are talking about merging to create a 290 billion baht (Ssl 1.6 billion) giant to compete with foreign telcos
      691 words
    • Article
      Lock icon Telkom seeks to buy 65% stake in Indosat
      220 15 ■JAKARTA Bloomberg PT Telekomunikasi Indonesia, the country's domestic call monopoly, has requested government permission to buy the state's 65 per cent stake in PT Indosat, the nation's main long-distance operator. Telkom said it wanted the stake, valued at 6.1 trillion rupiah (Ssl.l
      Bloomberg  -  220 words
    • Article
      Lock icon PNB revival top concern: World Bank
      314 15 MANILA It says Manila needs to ensure transparency in banking system Reuters THE World Bank said yesterday it is more concerned with restoring the financial viability of the Philippine National Bank (PNB) than pushing for the government to fully divest its holding in the
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    • Article
      Lock icon Philippines may cut overnight interest rates
      411 15 MANILA Bloomberg THE Philippines may cut key overnight interest rates another half a percentage point this week after the peso erased some of its losses, central bank Governor Rafael Buenaventura said. That would bring the central bank's benchmark borrowing rate to 14 per cent,
      Bloomberg  -  411 words
    • Article
      Lock icon Fuel prices push Air India into the red in first half
      382 17 BOMBAY Carrier posts 280 m rupees operating loss; fuel costs rise 1.58b rupees Reuters STATE-owned flag carrier Air India posted a hefty loss in the six months to September due to a 1.58 billion rupee (SSS9 million) increase in
      Reuters  -  382 words
    • Article
      Lock icon Hutchison's Indian business to be listed
      152 17 HONGKONG It is looking at timeframe of 12 to 18 months to consolidate cellular phone assets in the country AFP HONGKONG'S conglomerate Hutchison Whampoa is planning to consolidate its cellular telephone assets in India and list them within a year to 18 months, it
      AFP  -  152 words
    • Article
      Lock icon Mayor plays down rivalry between Shanghai, HK
      366 17  -  From Quak Hiang Whai in Hongkong THE Shanghai mayor has played down rivalry between Shanghai and Hongkong, saying that his city would be positioned as the mainland's financial centre while the territory is being promoted as Asia's financial hub. In an interview with
      366 words
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      Lock icon China's Olympic quest sparks loo upgrading
      352 17 BEIJING Public toilets in Beijing to be equipped with modern facilities such as "lively music" AFP BEIJING will clean up hundreds of public toilets and equip them with modern facilities such as "lively music" to improve its chances of hosting the 2008 Olympics, state
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      78 15 111 |Hk I I i J I I University of London programmes (from I I, M management and I I *****111 l r full-time or part-time study at Stansfield. MBA Thur, 7 Dec 2000 at 7.00pm Lpgwywpw Preview o o O Fri, 8 Dec 2000 BSc/BA at 7.00pm Diploma JS,Sr
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      72 15 THIS SEASON, PRGR BRINGS TO YOU A BUNDLE OF JOY. Complete your game with M jhSO PRGR this Christmas. Let your Ap /00/tf Mm/m <^r^JT) passion for the game come w X m alive with these special FOR WOMEN promotions. But hurry, this M DATA 2 4° Ti TITANIUM offer
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      150 16 Driven to succeed... Seven Summits Expedition Mt Kilimanjaro (Africa,Tanzania)-1994 Ml Everest (Asia, Nepai)-1998 Mt Aconcagua (South America, Argentina)-February 2000 Mt McKinley (North America, Aiaska)-Juiy 2000 Carstensz Pyramid (Australasia, Irian Jaya)-August 2000 Mt Elbrus (Europe, Georgia)-September 2000 Mt Kosciusko (Australia)-October 2000 Mt Vinson (Antarctica>-November 2000 B Driven to succeed. Khoo Swee
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      62 17 [Albert Photo' The Professional Colour Lab with Complete Services Commercial Exhibition Enlargement for Display Light Boxes Duratrans Display Trans R3 Slide to Print E6 Process Slide Duplication Digital Imaging Digital Prints Inkjet Print Lamination Mount of Kapaline Board Framing Food, Commercial Industrial Photography LAB: Blk 34 Commonwealth Lane #05-26 Tel:
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      191 17 IK ZZZZ Zhm ZZZL mZI fl| Before, he was in two minds and couldn't make a decision. JB Hi Free 3 years on-site warranty with the Net Vista A2O and A4op. Designed to answer every demand from great performance p| to low prices, the Net Vista A2O and A4op from
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      535 18 If you want guaranteed returns and the chance of a bonus, the only way is Up. M a WL I Hk#> cv Bw «2. ~S s <>.f\ »yfc. ol^^ESSm^ftfiH^GSrS^K <a JKHn HHf '>* i i Of 4 jagHHL .icalMi m Kjtf Bl I A lil I M 0 p Btt
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  • e-NEWS
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      Lock icon HK new telecoms investments at US$1.7b in 1999
      357 19  -  Govt plans to promote IT use in education; 100% of commercial buildings broadband covered From Quak Hiang Whai in /lom/kOHfl HONGKONG secured over USSI.7 billion (Ss3 billion) in new investments in the telecommunications sector last year, the territory's top information technology official
      357 words
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      Lock icon More of the Olympics on the Net, please
      57 19 [LAUSANNE, Switzerland] Juan Antonio Samaranch (centre), Spanish president of the International Olympic Committee, opening the lOC World Conference on Sport and New Media here yesterday. Internet media representatives say that the world wants more online coverage of the games than was provided
      AH  -  57 words
    • Article
      Lock icon Top fragrance makers back computer scents pioneer
      424 19 NEWYORK Reuters DIGISCENTS Inc, the US start-up seeking to give computers a sense of smell, was set yesterday to disclose that it has won the backing of two leaders in the global fragrance industry. The Oakland, California-based DigiScents said Givaudan of Switzerland and
      Reuters  -  424 words
    • Article
      Lock icon Neuer Markt dotcoms face cash problems
      240 19 FRANKFURT FT ALMOST half the Internet companies listed on Germany's Neuer Markt, are facing liquidity problems and difficulties in raising fresh capital. a study commissioned by FT Deutschland revealed. The study, which examined all the 68 Neuer Marktquoted Internet and biotech companies, came to
      FT  -  240 words
    • Article
      Lock icon 85 carriers will bid in US airwaves auction
      472 20 WASHINGTON 422 licences np for grabs; sale will help lay foundation for next generation of advanced mobile services Bloomberg AT&T Corp. Leap Wireless International Inc and 85 other carriers will start competing for valuable US airwaves next week in a sale that
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      Lock icon US dominance of Net backbone fading
      725 20 Bandwidth connecting Asian countries grew faster last year than any other region-to-region route in the world IHT IT has long been a thorn in Asia's side that the Internet is so utterly American. It's not just that the content, the technology and the language
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    • Article
      Lock icon Holiday traffic at Internet stores declining: studies
      528 20 NEW YORK This contrasts with websites linked to retail chains NYT IT is not just investors who are spurning some major dotcom companies; so are online shoppers. Although Internet use and online shopping are still growing briskly, most of the major Internet-only stores
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      74 20 home IN on HDB'S second bond issue and BUILD up your investment PORTFOLIO -j I I f ••aw.. a v<i mr**"" um ite<i 1 1 1T nrient Utt* 1 I 1 Neptune Onen shatcs 1 \C»O Mimnia seek™-... IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you
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      1592 21 New CPF Rates from Ncwvsold cpf*^ Q; J will be paying CPF for my employees in January 2001. Does this attract the Dec 2000 (ie 12%) or Jan 2001 (ie 16%) contribution rate? I >4; For Dec 2000 CPF contributions paid on or before 14 Jan 2001, K H apply
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  • WORLD news
    • Article
      Lock icon PepsiCo to buy Quaker Oats for US$13.4b in stock
      580 22 NEW YORK Combined entity expected to have market value of more than USsBob NYT Reuters AFTER a month-long takeover struggle for Quaker Oats, PepsiCo yesterday said it will buy the company for about US$l3.4 billion (5523.5 billion) in stock. The combined
      NYT; Reuters  -  580 words
    • Article
      Lock icon Oct index of leading US economic indicators down
      419 22 WASHINGTON This suggests slower pace of growth in the early part of next year Bloomberg THE index of leading US economic indicators declined in October after showing no change the month before, pointing to a slower pace of growth early in 2001.
      Bloomberg  -  419 words
    • Article
      Lock icon EU officials upbeat about meeting with Asean
      490 22  -  From! Shada Islam in Brussels EUROPEAN Union policymakers are playing down fears that a low turn-out of EU foreign ministers at next week's meeting with Asean in Vientiane will cast new clouds over a relationship already strained by policy differences over Myanmar. Union
      490 words
    • Article, Illustration
      Lock icon Gore says he'll back Bush, if...
      677 22 Reuters [TALLAHASSEE, Florida] Arguments over disputed ballots in last month's presidential election were wrapped up in a courtroom here on Sunday as Democrat A 1 Gore acknowledged public weariness and said he would support Republican George W Bush without question if legal challenges failed.
      Reuters; REUTERS  -  677 words
    • Article
      Lock icon ING Barings' CEO and deputy quit
      307 22 AMSTERDAM Their resignation signal end may be near for British-based unit Reuters DUTCH financial services group ING yesterday said that the chief executive and deputy of its Barings corporate and investment bank had resigned in another sign the end could be near for the
      Reuters  -  307 words
    • Article
      Lock icon Chrysler expected to suffer US$1b loss in 4th qtr: report
      383 22 STUTTGART Bloomberg DAIMLERCHRYSLER AG may suffer a fourth-quarter loss of about US$l billion (Ssl.B billion) at its Chrysler unit, the Wall Street Journal reported yesterday. The newspaper calculated the figure on the basis of a statement by DaimlerChrysler chief executive
      Bloomberg  -  383 words
    • Article, Illustration
      Lock icon How to tell if execs are adding value
      705 24 The Shareholder Value Indicator, a tool in evaluating management and assessing executive pay, may provide the answer FT INVESTORS love rankings. They seem to offer an enticing short-cut to understanding an ever more complex corporate economy. Take this, for example: John Chambers,
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    • Article
      Lock icon Blind programmer's marriage website
      128 24 Reuters [CHANDIGARH, India] A blind software programmer in the northern Indian state of Punjab says he is designing a website for the disabled that will provide matrimonial services and job ads. "I don't want others to face the same hardships I've had as a handicapped person,"
      Reuters  -  128 words
    • Article
      Lock icon S Korea economy weak, but no 2nd crash seen: IMF
      427 24 USEOUL Bloomberg SOUTH Korea's economic outlook is "much weaker" now than six months ago, though it doesn't see a repeat of the economic collapse of 1997 and 1998, the International Monetary Fund said yesterday. "The probability of another crisis like
      Bloomberg  -  427 words
    • Article
      Lock icon Copyright becoming a crucial issue on the Web
      682 24  -  Writers win class action suit against US company for selling published articles From J Neil Behrmann in London IN a lawsuit in the US, writers successfully received a class action settlement from Uncover, a US company that sold published articles to corporations
      682 words
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      Lock icon Tech investors won't give up on Nasdaq
      664 24 They still believe that's where the real action is on Wall Street AP [NEW YORK] People who invested in technology stocks in recent years aren't having much fun these days. But while they've been losing money, these investors have no plans to get
      AP  -  664 words
    • Article
      Lock icon Novartis banks on new leukaemia drag
      361 24 ZURICH Glivec may offer breakthrough in cancer treatment FT NOVARTIS, the Swiss drugs company, appears to have achieved an important breakthrough in cancer treatment, with the great majority of the patients taking Glivec, its new leukaemia drug, showing improvement in the early stages of
      FT  -  361 words
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      178 23 We integrate. You communicate. x h A We bring the IT revolution to you. iBPW X Mitsubishi Electric technologies are all N. around you. In more than 200 satel- g a .\V**, lites, nearly 500 earth stations and countless points in between. Integrated 1 Mk into wide-ranging systems—our own and
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      484 25 valid till 31 December2ooo S www.sun.com.sg/iWiz www. com.sg si d:§ v.v.v I .Hi vX* 1| v-v-v |^^3|BHhP^ iii w- 1 H t~I if Hi •>>:•:•:• t I iDesign S$ 5,148 iStartup 5$ 8.997 ultra 5-400 MHz, UItraSPARC Hi. Netrati IOS-440MHz Purchase our solution bundle m ffZT' 9C ?,Ta o™ I
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  • FINANCE & commodities
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      Lock icon Futures down in line with cash market
      294 26  -  SGX Derivatives TradingReport ST Index/MSCl S'pore Index Lau Chee Keong Refco Singapore SINGAPORE stocks yesterday continued to drift lower on sagging earnings and a slowdown in the US economy,' in a thinly-traded market. Gains in Nasdaq on Friday did not improve the market
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      Lock icon Bad debt, tech sector fears dampen futures
      231 26  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan stock index ended lower yesterday, led by technology and bank stocks on concern over poor earnings outlook and bad debts. A Nasdaq rebound on Friday failed to excite the market. The MSCI
      231 words
    • Article
      Lock icon Oil edges up as Iraq sticks to its guns
      170 26 ENERGY REPORT Reuters [LONDON] Oil prices rose a little yesterday amid renewed jitters over Iraq's suspension of crude sales and its warning that it will enforce a boycott on exports to the US once deliveries resume. London's Brent crude futures gained
      Reuters  -  170 words
    • Article
      Lock icon CURRENCY REPORT
      329 26 Reuters London THE beleaguered US dollar fell to two-month troughs against the euro and three-and-a-half month lows against the Swiss franc yesterday, undermined by prospects of the US economy slowing down faster than previously expected. Pessimism about the US economy has seen the US dollar shed about 6.5
      Reuters  -  329 words
    • Article, Illustration
      Lock icon Untitled
      1292 26 All-series Maturities > a yr Short I—3 yrs Long > 3 yrs DITERBAMK CROSS RATES A C$ Rmb Euro Ffr Dm HK$ Ind Rs Ruplah Ytn Won RM NZ$ Pak Rs Peso S$ Rand Sfr NTS Baht Pound US$ Australia 0.833 4.475 0.615 4.031 1.202 4.206 25.256 51.323 0.599 6.565
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      Lock icon Untitled
      1961 26 SICOM FUTURES Dec 4 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 01 112.50 50 Feb 01 114.25 50 Mar 01 116.50 950 Apr/Jun 01 119.25 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Follow-up buying of telecom stocks boosts Hang Seng
      2983 27 HONGKONG AFP Hang Seng +117.81 HONGKONG share prices rose 0.8 per cent yesterday on selective follow-up buying of mainly telecoms shares, despite some late profit-taking, dealers said. The key Hang Seng Index (HSI) gained 117.81 points to close at 14.559.24 on a
      AFP  -  2,983 words
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      Lock icon CHINA
      1021 27 Reuters AFP Shenzhen B Index +LO7 CHINA'S B-shares gained ground yesterday after comments by a key stock regulator fuelled hopes that hard currency stocks would eventually merge with domestic A-shares. China Securities Regulatory Commission chairman Zhou Xiaochuan told a convention at the weekend the yuan's lack of full convertibility
      Reuters; AFP; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,021 words
    • Article
      Lock icon TAIPEI
      373 27 AFP WP Index -103J53 TAIWAN share prices closed 2 per cent lower yesterday in thin trading as investors stepped to the sidelines to await fresh leads, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 103.33 points to 5.174.02, on turnover of NT528.62 billion. Decliners led advancers 390
      AFP  -  373 words
    • Article
      Lock icon Old Economy shares fuel Nikkei's surge
      2038 27 TOKYO AFP Q Nikkei 225 +119.40 SHARE prices in Tokyo closed 0.8 per cent higher yesterday, fuelled by the strong performance of lower-priced Old Economy shares, a dealer said. The Tokyo Stock Exchange's Nikkei 225 Index rose 119.40 points to close at 14,954.73. The
      AFP  -  2,038 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL ends lower on profit-taking
      453 29 AFP Composite Index -L 93 MALAYSIAN shares closed 0.3 per cent lower in quiet trading yesterday due to corporate uncertainties and profit-taking, dealers said. The Kuala Lumpur Stock Exchange Composite Index fell 1.93 points to finish at 723.76. The Second Board Index fell 1.11 points
      AFP  -  453 words
    • Article
      Lock icon Untitled
      9314 29 INDUSTRIALS Consumer products 2000 Last Vol Day Net Cap High Low Company Sale 000 High Low P/E Smil 420 310 Ajinomoto 330 10, 133.0 158 46 Angkasa 48 unch 4 40 40 70 0 670 290 Apollo Food Hlg 350 7.6 140 0 3825 2700 8AT50C 3725 25 113 3000
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      47 30 Our Money pages don't J^.^fl^^^Baßjßp share prices and J rates. They go deep into the? Jfa, A J W background behind mega deals I jA Jfr A W and corporate shake-ups. Jk A JHtk Bp §pT by our five handy sections. MyStraitsTimes Call 388 3838 for subscription
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  • SGX clob & regional stocks
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      Lock icon Untitled
      2962 31 BONDS A WARRANTS w Wr»t» Prtai/ Expiry HMft In 15! UatO»aU «*f lima* Caav bar Mk Mtta u Co«#eay Ute Hf. 2000) HI* Itm laytr laNar Met (awatti) Datw Mm mi laarlmt Left 5 tr >1 IStih wmnan* *3.5 4 41.0 1 300 290 19.50 7 31 :ar 1 20
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      Lock icon BANGKOK
      731 31 AFP SET Index -2*39 THAI stocks fell 0.8 per cent yesterday in range-bound trade with investors mostly sidelined in the absence of fresh leads and ahead of a public holiday, dealers said. The Stock Exchange of Thailand (SET) Composite Index declined 2.39 points to close at 271.47 and the
      AFP  -  731 words
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      Lock icon MANILA
      283 31 AFP Composite Index -4.42 PHILIPPINE share prices fell 0.3 per cent yesterday as investors remained cautious ahead of the Senate trial of President Joseph Estrada. The Composite Index fell 4.42 points to 1.381.83. Volume plunged to 200.92 million shares worth 561.03 million pesos. AFP Dec 4 Peso COOO) MRC
      AFP  -  283 words
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      Lock icon JAKARTA
      695 31 AFP 5 Composite Index +2L35 INDONESIAN share prices closed 0.6 per cent higher yesterday with profit-taking partially offsetting a morning rally dominated by short•term traders.. The Jakarta Stock Exchange Composite Index closed up 2.35 points at 429.90, off a high of 431.138. Volume stood at 390.50 million shares valued
      AFP  -  695 words
    • Article
      Lock icon WELLINGTON
      262 31 AFP E NZSE-40 -7.88 NEW Zealand shares closed down 0.4 per cent yesterday following jitters in US markets last week. The NZSE-40 Index closed down 7.88 at 1,931.01 on turnover of NZ$ll7 million. "Subdued trading in America and offshore markets had an impact," said an analyst. AFP Dec 4
      AFP  -  262 words
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      Lock icon SYDNEY
      559 31 AFP fyj All Ordinaries -2JO AUSTRALIAN shares eased a fraction yesterday amid cautious trading in which a rise in telecommunications and bank stocks was countered by falls in market leader News Corp. brokers said. The All Ordinaries Index fell 2.10 points to 3,227.30, while the S&P/ASX2OO Index fell 2.40
      AFP  -  559 words
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      Lock icon SEOUL
      313 31 AFP Composite Index -12.73 SOUTH Korean shares fell 2.5 per cent yesterday with the index at a new 21-month low of 501.73. down 12.73 points. Volume was 248.40 mill ion. AFP Dec 4 Don Arum Semi 4685 165 Brain Tech 540 10 Central Bank.... 170 unch Cheil Comm *****
      AFP  -  313 words
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    Lock icon STOCKS sgx
    10234 32 SGXMAINBOARD Transaction date: Dec 4 Cr Cr M Wt 1 Last Vol Day Last Ouota Dlv Dlv YW Nat Cap Avg High Low Company Sala COOP) High Low Buytr Sallar C'vr "Mi P/E Stnll Prtca MULTI-INDUSTRY '®jj 75 m c Acnn 50c.... 78 unch 7 78 77 77
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      69 32 1 m^^ daCe P* Who is behind an Audemars Piguet watch? 25 Cortina Watch C entre Regional Agent, Showroom Ft Service Centre: AUDF.MARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watch Centre Pte Lid 501 Orchard Road #03-10/11 Wheclock Place Singapore *****0. Tel: 238 6678 Fax: 23 8 6676. Raffles City #ot-%
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  • Page 33 Miscellaneous
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      803 33 Central «J0 Judge Judy. Suria L3O Hong Kong Connection *1 'j H 9.00 AM Kids Central: Sesa- 7 ?KT° US Vacallon I "J J inj*Grudge 0r Sow |"2g gf^gST^ 2 S SffiLißtan. Data. J <M 10-30 Zirkos Kids. !:22 TOat "Is'show: A New fgg,,, Su SP O <yf 1100 Flight
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      Lock icon Page 33 Miscellaneous Column 2
      327 33 CRYPTIC CROSSWORD ACROSS (6) 1 Alpine music factory (4,5) 5 Commons isn't open for re-as--9 Visitor fresh from Scotland (6) sembly not all there? (3,6,6) 10 Luxurious car taking Finns back Round, farm-vehicle furrow (9) inside border (9) 7 Headroom in Sale (9) 11 Position of great difficulty in nar-
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  • KNOWLEDGE economy
    • Article, Illustration
      Lock icon Slow people, slower world
      1416 34  -  When human desires clash with the capacity of the physical world to generate value, risk ensues, says PATOICK LAMBE PATRICK LAMBE The writer is assistant director at The British Council's Professional Development Centre. Visit his website at www.greenchameleon.com and e-mail patrick.lambe@britishcouncil.org.sg IN my article last week,
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      Lock icon Leading by example
      1707 35  -  Modern-day leaders can take a leaf from the book of Sir Ernest Shackleton who successfully rescued his team when his ship was stranded on ice floes during an Antarctica expedition in 1914. STEVE BINGE shows how STEVE HINGE The writer is a member of the associate faculty
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      79 34 < A t^c^M^^^Mßß^i^Bfcl^ HH Imt t| i ?sE systems, intranets, extranets and the Internet, can work as one Net. Securely and reliably. 1 hat's the strength of lj| ®ff »*«w.. i; i Novell's Net serv ices software. It lets existing technology work together. And gives you the power to change
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  • New Asia Biz Woman
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      Lock icon A strong voice for the disabled
      1102 36  -  San Yuenwah is the moving force behind a UN initiative to improve the lot of the disabled, geoffret eu reports GEOFFREY EU SAN Yuenwah is not someone who takes "no" for an answer not when the interests of hundreds of millions of people are
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      84 36 Success demands more. 4® ÜBS Warburg Issued by ÜBS Warburg Ltd, a subsidiary of ÜBS AG, regulated by the Securities and Futures Authority in the UK, to persons who are not private customers In the United States, securities underwriting, trading and brokerage activities and M&A advisory activities are conducted by
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      140 37 Reuters NEGATIVE sentiment continued to drive dry bulk carrier freight rates down and market indices at the end of the week showed lower rates across all sectors, shipbrokers said on Friday. Some capesize timecharter daily losses were as much as USssl2s per day, with levels for panamax timecharters
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    • Article
      Lock icon MARITIME STOCKS
      301 37 S6X '000 Dec* SS ¥«l CWT Distribution .0.59 unch 0 Chuan Hup 036 -0.01 154 Cosco investment 0.17 unch 0 Freight Links 0.13 unch 23 GB Holdings 0.50 -0.10 1 HaiSunHup 0.23 -0.01 61 IMC HoWingj-HK 5.60 unch 0 Jaya Holdings 0.15 unch 250 Keppel Corp 3.50 -0.06
      301 words
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      Lock icon France aims to push through new tanker safety rules
      336 37 It wants EU members to agree to measures at meeting this month Reuters [BRUSSELS] France will push the European Union to fast-track new rules on maritime safety this month, French Transport Minister Jean-Claude Gayssot said. Mr Gayssot said he would work
      Reuters; AFP  -  336 words
    • Article
      Lock icon EU starts probe into unfair aid for Korean shipbuilders
      271 37 If the two parties fail to compromise by April, EU will file complaint with WTO Bloomberg [SEOUL] The European Union has started an investigation of Korean shipbuilders for unfair trade practices, a step before imposing trade penalties against them, the Korean
      Bloomberg  -  271 words
    • Article
      Lock icon China's maritime rules get IMO nod
      189 37 Xinhua [BEIJING] China's two domestic maritime regulations have been internationalised by the International Maritime Organisation (IMO) and was implemented off the Chengshanjiao Promontory in east China's Shandong Peninsula. Liu Gongchen, deputy director of the Maritime Safety Administration of China, made the announcement at a
      Xinhua  -  189 words
    • Article
      Lock icon New Zealand shipping lane to be deepened
      212 37 Reuters [WELLINGTON] New Zea land port facilities operator Ports of Auckland (POA) plans to spend more than NZ$2O million (5514.6 million) deepening the shipping lane in the Rangitoto Channel and the approach to the Axis Fergusson container terminal. "Deepening of the shipping lane
      Reuters  -  212 words
    • Article
      Lock icon Privatisation of Manila's domestic port put on hold
      143 37 Bloomberg [MANILA] The Philippine government has suspended plans to invite bids for the privatisation of Manila's domestic port, the Philippine Daily Inquirer reported, citing Economic Planning Secretary Felipe Medalla. Philippine President Joseph Estrada, who is facing impeachment charges over allegations he received
      Bloomberg  -  143 words
    • SHIPPING news
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        Lock icon South Korean shipbuilders forecast bigger boom in 2001
        531 38 Rising prices for newbuilds, weaker won set to boost their dollar-based profits Reuters [SEOUL] South Korean shipbuilders expect robust profits next year, with rising ship prices and a weakened won giving their dollar-based earnings a huge boost, industry officials and analysts said.
        Reuters; FILE PHOTO  -  531 words
      • Article
        Lock icon Austal bids for share of cruise market
        291 38  -  From Evelyn Duffy in Perth Shipbuilder Austal Ships will target the boutique cruise market to achieve growth and offset the global downturn in its core fast ferry business. It is marketing designs for a series of luxuriously appointed Concept Ships or cruise yachts
        291 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      175 38 PAGE Dongnama 3 Accord 6 Eastrans 6 Appenship 5 Ever Honest 6 Assets 7 ECL 4 Austral 6 ECULine 5/6/7 Balaji Shpg 5 Everqreen 6 BSA 7 Foon9Sun 5 B'tang Mas 6 Fuha CCNI 7 GLink 4 CMACGM 3 J em f fanS Hangli 7 COSCO 5
      175 words
    • Article
      Lock icon SHIPPING GUIDE
      19297 44 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire To BRISBANE (BNE) 2058 Australia 12/12 16/01 Delmas SAUDI JEDDAH N40W 65-*****44 12/12 22/12 CMA CGM
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        835 47 Voy No Berth Arrival Departure Jurong Port Ounchongnyon Jan-00 J07 04/12/6:45 05/12/23:00 Bt Jayaraya3 ***** J01 04/12/7:50 04/12/20 00 JWa 8 Dec-01 J13 04/12/8:25 04/12/18:00 E2? r J^? ,Ur J08 04/12/9:45 04/12/23:59 Love Song 29 j05 04/12/7:40 05/12/14:00 Chengal C***** J02 04/12/8:20 04/12/1815 ns,ar 2 55SOO J03 04/12/7:20
        835 words
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        Lock icon CONTAINER SCHEDULES
        2015 47 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booking/Balance Rstls Shi P Voy No Etb/Btr Period From To From AC* FALCON 0088 5/13:00 IB 03/1500 03/1659 03/1900 2A 03/1700 04/0659 04/0900 28 03/1700 04/0659 04/0900 3 04/0700 04/1159 04/1400 04/1200 04/1459 04/1700 ACX HIBISCUS 046A 6/12:30 IB 03/1500
        2,015 words
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        Lock icon GLOBAL HOLIDAYS
        114 47 Dec 5 Thailand: H.M. The King's Birthday. Dec 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 25 USA: Christmas Day. Philippines: Christmas Day. Canada: Christmas Day. Hongkong: Christmas Day. Australia: Christmas Day. Sweden: Christmas Day. Indonesia: Christmas Day. Malaysia: Christmas Day. Singapore: Christmas Day. United Kingdom:
        114 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        750 47 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
        750 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        458 47 u m Carbon )80 Max 990.7 0 7 12 9 0 in 7Q nm No 30 Density Water Residue »sh Aluminium Sediment No above E25 0 0 0 0 0 0 380 987.2 0.2 12.9 0.06 26 0 02 rr; U5 r °s s s a
        458 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon UK experts to look into Hongkong air traffic safety
        411 48 Three-member team in HE in effort to improve safety and service levels AFP [HONGKONG] British aviation experts have been drafted in to review Hongkong's air traffic control amid mounting concern over safety levels. The three-member team from the British Civil Aviation
        AFP  -  411 words
      • Article
        Lock icon Eurocontrol moves to unclog European skies
        335 48 It hopes to halve vertical distance between planes Bloomberg [BRUSSELS] Europe's central agency for air traffic control is proposing to halve the vertical distance between aircraft in an effort to unclog European skies. Eurocontrol would like to reduce the vertical space between aircraft to
        Bloomberg  -  335 words
      • Article, Illustration
        Lock icon From Moscow to St Petersburg in 4 hours
        58 48 [MOSCOW] An electric locomotive of a new highspeed express stands on the tracks prior to its departure to St Petersburg from Moscow. The new express service, which began on Sunday, will take about four hours instead of the eight hours normally needed
        AP  -  58 words
      • Article
        Lock icon UAL, American Cargo offering express delivery
        308 48 Both airlines taking a stake in Next Jet Bloomberg [CHICAGO] UAL Corp, parent to United Airlines, said its United New Ventures elec-tronic-commerce unit and American Airlines Cargo will cooperate with Next Jet Inc to offer a new express smallpackage delivery service in the US.
        Bloomberg  -  308 words
      • Article
        Lock icon Troubled Legend Airlines files for bankruptcy
        376 48 US carrier, which started flying in April, hurt by high fuel costs AP [DALLAS] Legend Airlines, which billed itself as a luxury airline with reasonable prices when it launched its maiden flight in April, has filed for bankruptcy protection from creditors as it reorganises
        AP  -  376 words
      • Article, Illustration
        Lock icon Aussie airlines to save from price cuts in air traffic control
        267 48 Bloomberg [CANBERRA] Qantas Airways, Virgin Blue and other Australian airlines will see lower air traffic control costs after Airservices Australia said it will reduce prices by 12 per cent from Jan 1, 2001. Airservices said the cuts will deliver
        Bloomberg; AFP FILE PHOTO  -  267 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2159 48 CITY FLICHT ETA FLIGHT ETD LH788 1605 LH6373 2355 Abu Dhabi Cf249 0715 g 5026 2355 —r-mssr~ma LH778 55 LH779 2359 A0,,4,<l NZ4578 1655 N***** 2359 S0229 2230 S***** 1655 S0Z008 2359 SSmi sozj omo urn mi 2 gg mm m mm m gg g g
        2,159 words
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      617 37 PEOPLE ppp The International Association of Independent Tanker Owners (Intertanko) has announced that Dr Peter Swift, director of |K London-based shipbrokers Seascope Shipping Ltd, will take over as the new managing director of the association from Feb 1. Mr Swift was appointed after an extensive search M process and prior
      617 words
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      728 38 I IMPORT ~1 NORTH AMERICA GULF/INDIA SUB-CONTINENT jSUPER SHUTTLE EXPRESS (SSX) [GULF KARACHI EXPRESS (GKX) vtssti voy IGB PKIAHC vessel voy JEA DMN BHD I™**"™ (XXL AMERICA 47W45 15/11 03/12 OS/12 PiO NEDUOYD MELBOURNE ISI 29/11 30/71 02/12 10/12 (XXI CALIFORNIA 49W46 22/11 10/12 12/12 NYK VIRGO 40E 06/12 07/12
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      Lock icon Page 38 Advertisements Column 2
      780 38 Lines services represented by (o Members of the Registry of Accredited Shipping Agents, Singopore Shipping Association Members of the Singapore Logistics Association ULY UNE MALE VESStL pVOY Tlta TFa V~\ETA P. KLANG SPOKE MALE Empress Lily VO9OO 05/12 06/12 14/12 Princess Lily VO9OO 28/12 29/12 05/01 Empress Lily VOlOl 14/01
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      1182 39 SAX SERVICE (DIRECT) VftSEL VOY SIN ETA LAX OAK DAL HOU 01 COIL MEM An NYC APUAK 0241 08/11 23/11 28/11 28/11 28/11 W\\ O/n S/ii 29/11 29/11 API GARNET 024t 15/11 30/11 05/12 05/12 05/12 05/12 05/12 05/12 07/12 07/12 I API WHO. 0241 22/11 07/12 12/12 12/12 12/12
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      1799 39 Custodier Service Hoffine: HANJIN SHIPPING Ik#-1 i Ms Evelyn Low -Soles *****30 HANJIN SHIPPING (S) PTIITD http honpn com BOOKING *****35 237 SAID *****24 238 DOCUMENT *****71 274 OPERATIONS *****50 251 MAIN LINE *****55 FAX *****45 CD NO **********0 M TO NW USA CANADA USA CANADA* FDR VSI/VOY IAM SM
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      Lock icon Page 39 Advertisements Column 3
      273 39 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 SltflfOT A|««ti: Malaysia: Modara Shipping Hm Bhd Shi PP'"f ft' ttl Tel: *****58 U«f(W) 603-7177 22«7(Fai| 603 *****533 ii! f,,: *****16/21(911$ P«i«k« Jardiaa Shipping Afeaiiat Ida Bhd (R N»* *****7?OOOOH kttp://www.knt( CO kr Pa»a»j:(Tal) 04-*****60
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      1672 40 SENATOR LINES TO UK/CONTINENT TO MEDITERRANEANSANADA VtsStl VOY SIN LEH RTM AMR HAM BRV FIX VESSEL IvOY SIN I GIT SPE FO5 VIC Mm" HANJINROME 0012W 05 12 23 12 25 12 26 12 27 12 28.12 PACIFIC SENATOR 0944W 07 12 24 12 26 12 28 12 30 12
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      Lock icon Page 40 Advertisements Column 2
      1031 40 WIAM MAC-NELS S PORE M'SIA Carrier: Mil CONTR LINES, INC p. gudang: (07>*****26 M\y YZ_J lao87 »OOOI SIBU: (064) *****9 MANILA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P- KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082) *****1-3 HAIPHONG LAEM CHABANG MV "VAN XUAN" V.E5270 MV
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      Lock icon Page 40 Advertisements Column 3
      698 40 EXPRESS CONTAINER FEEDER FOR N. SHEVA (CFS MULUND. MUMBAI/COLOMBO ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN LC D POINTS Vessel S PORE N SHEVA COCHIN COLOMBO P KLANG FRONTIER V 102W 10 DEC 19 DEC 22 DEC 24 DEC 30 DEC PU GLORY V.102W 17 DEC 26 DEC 29 DEC
      698 words
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      1808 41 IVESSEL VOY KHH HKG SIN PKI PXB BAB PMM BIK IRAN KERMAN PCL-184 05/12 06/12 09/12 10/12 19/12 20/12 22/12 24/12 IRAN ISFAHAN PCL-185 12/12 13/12 16/12 17/12 26/12 27/12 29/12 31/12 IRAN BAAKERI PCL-186 19/12 20/12 23/12 24/12 02/01 03/01 05/01 07/01 IRAN HPRMPZGAN PCL-187 26/12 27/12 30/12 31/12
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      1297 41 1 TO: COLOMBO EVERY MONDAY (T/T: 4 DAYS) I GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TEL 226 1900 FAX: *****08 OUTWARD (B/L) *****02 JOHORE OFFICE; I COSTAR SHIPPING PTE ITD #12-00 SALES/BKGS *****57/43 INWARD DEPT (D/ 0) *****86 COSTAR AGENCIES (M) SDN BHD |CR NO: **********0 M SINGAPORE *****8
      1,297 words
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      Lock icon Page 41 Advertisements Column 3
      1284 41 EUROPE EXPRESS SERVICE EXPORT IMPORT YISSLI .VOY .SM iflL RTM ANB i NAM IHV j FIX VESSEL 1 VOY RTM HAM FLX LEH SIN HJ ROME O]?W OS/1? ?3/1? 24/1? ?5/l?, 26/12 28/1? HJ BEIJING 0?4I 16/11 18/11 ?0/l 1 23/11 10/1? CY ALPHA 014QW 12/12 29/12 02/01 03/01 04/01
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      1309 42 MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT VESS&/VOYAGI SGP [00 |VKN 06 DKJ RDM BHV THP ZEE IJUNnYOO7U)I4IIV 03/12 15/12 17/12 19/12 21/12 20/12 21/12 23/12 24/12 U USOOIMARE 0072-00iw IQ/I2 26/12 28/12 30/12 U URSULA *****12W 17/12 29/12 31/12 01/01 03/01 03/D1 05/D1 07/0f QB/O I UUMOQ74WW 24/12 05/01 07/01 09/01 11/01
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      Lock icon Page 42 Advertisements Column 2
      951 42 BAMQKOK/MAP TA PHUT/LAEM CHABAWO JAKABTA/PANJANG -BSStt VOY SIM IKK MTP IfH VESSEL VOT SIN JKT PJN YAMTRA BHUM 368W OS/)? M/ 12 08/12 lUQilt M OS/17 ~W?7 NANTHA BHUM 52SN 06/1? 10/12 OT/12 Kill BHUM 1M DSZI2 IM2 ANANBHUM AA 193N 06/12 10/12 08/17 MA AHUM 42ii S4ZI2 QBZI2 IQ/I2
      951 words
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      Lock icon Page 42 Advertisements Column 3
      594 42 INDONESIA NATIONAL LINE TO AUSTRALIA RILL CONTAINER SERVICE VSI VOY PKG SIN ftt W SID IB HB AM FRf MTKPWM 02S 95/12 07/17 12/12 U/12 20/12 22/12 POND ADBAM "ST 14/12 12/12 23/12 2S/12 28/12 o**T API IVORY 32S IS/12 19/12 25/12 31/12 02/01 05/01 POTSOAM MS 25/12 2t/12 05/01
      594 words
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      503 43 BSfl x Wtm MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU MONG LA 36W SU) PAGAN 28SW SID MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TEI 03-*****00 PKI: TEL 03-*****101 PEN: TEI 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A service of Andrew
      503 words
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      Lock icon Page 43 Advertisements Column 2
      1494 43 HMhW* HYUNDAI MERCHANT MARINE CO., LTD. I VESSEL VOY SIN*! SOU IHH I gmi I ANT I HAW IWV IVKSB I VOY I SOU I L£H I RTm I AHT I HAM I BRV ISM I HY COMMODORE V.329W 07/12 25/12 27/12 28/12 30/12 API GERMANY V.029E 13/11 IS/11 IS/11
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      843 43 vtf/v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "«R RORO HEAVYIIFT SERVICE" I VESSEL VOY RAMP HEIGHT SIN LBC MAO MIA SAV BAL ORF NYC NEW MOB TALABOT AHO24 400 Tons OS TT7I2" T/Tol 20/01 22/01 24/01 2570 l 27/01 31/01 05/02 TAMPERE AHIOI 400 Tons 6.3 M 26/12 25/01
      843 words
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      105 46 SINGAPORE PTE LTD I KYOWA LINE 15 McCallum Street #03-01 /02 Natwest Centre Singapore *****5 Fax: (65) *****66 Email: general@ecusin eculine net website httpy/www ecuiine net Direct Breakbulk/Container/LCL INDONESIAN PORTS Service to Banjarmasin/Jambi/Palembang/ Manila/Guam/Saipan Panjang/Pontianak/Perawan/Pekan Baru Agents: V-Grow Shippihg PteLtd Call: 220 3373 See Page 7 Daily STANDARD SHIPPING RCL's
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  • Page 47 Miscellaneous
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      Lock icon Page 47 Miscellaneous Column 1
      127 47 30N LEGEND: Issued by Meteorological Service Singapore R Thunderstorm A Showers R a j n emperature wind direction and speed in knots Weather w Cloudy Day *j az y Sea Conditions Wind speed symbols < 1 2m O Full circle w/o line indicates calm or light and variable winds ■J—One
      127 words
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