The Business Times, 12 December 2000

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Microfilm: NL22039
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES MITA (P) 035/12/1999 85c S I N G A P O R E Internet: http://business-times.asial .com.sg/ TUESDAY, DECEMBER 12, 2000
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  • Article
    Lock icon MARKET SUMMARY
    75 1 sn 2,***** (+44.13) BT-SRI 819.47 (+17.54) ST INDEX FDTDEES 2,018.00 (+50.00) SIMSGI FUTURES ***** (+7.50) STOCK MARKET INDICES Monday Change KLSECOMP 736.09 +2.60 NIKKEI 225 15,015.70 +319.19 HANG SENG 15,408.54 +***** SET INDEX dosed JAKARTA COMP 421.47 -10.34 MANILA COMP 1,393.71 -6.65 TAIPEI WPI 5184.41 +31.58 SEOUL COMP
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  • Article
    Lock icon FINANCE
    75 1 FOREX RATES uss s$ US$ 1.735 £(USS/S$ per S) 1.444 2.506 El RO(US$/S$/E) 0.886 1.537 DM 2108 1172 YEN 110.9 63.90 RM 3.800 1190 HK$ 7.797 4.493 BAHT 43.54 25.09 Rl'PIAH 9,531 5.492 PRIME RATES SINGAPORE* 5.80 KUALA Umtl 7.67 JAKARTA 39.00 BAMikOK 9.50 MANILA 11.00 HONOKONO 8.50 TAIPEI
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  • Article, Illustration
    Lock icon Bahamas delivers damning report on Sun Vista sinking
    652 1  -  J I exclusive Flag authority critical of virtually all parties involved with vessel By Donald Urquhart [SINGAPORE] A stinging report by the Bahamas Maritime Authority (BMA) on the sinking in the Malacca Straits of the Singapore cruise ship Sun Vista in May
    BAHAMAS MARITIME AUTHORITY  -  652 words
  • Article
    Lock icon DBS exec, 25, wins $25,000
    376 1 His profits came from trading two stocks PCI and Chartered [SINGAPORE] DBS Bank executive Chew Kok Lim, 25, is $25,000 richer. The young investor beat 12,343 other participants in the six-week Citibank Stock Challenge to win the grand prize of $20,000. And because he is
    376 words
  • Article, Illustration
    Lock icon Suet Fern pulls ex-colleagues for new law practice
    628 1  -  usiv^ Stamford Lie is Singapore's first corporatised law firm By< Conrad Raj [SINGAPORE] Former Wong Partnership lawyer Lee Suet Fern has pulled more than a dozen lawyers from her former practice to join her in farming Singapore's first corporatised law firm. Surprisingly,
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      Lock icon Page 1 Advertisements Column 1
      258 1 nreiDE Top stories S'pore pay rises likely to be among the lowest in Asia. Next Page Cerebos tops transparency index for F&B firms. Pg 5 Ladyvale site sold for $19.3 m. Pg 8 BT Comment M'sian banks may get grace period for mergers. Pg 4 Ship manager slammed for failing
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      17 1 i The life sciences may bring great benefits to mankind but also legal and ethical concerns <4
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  • NEXT page
    • Article
      Lock icon Regional markets focus on Nasdaq, not MSCI changes
      759 2  -  Traders positioning for Wall St rally; US presidential impasse seen broken in Bnsh's favour tiy\ R Sivanithy [SINGAPORE] Regional stock markets yesterday shrugged off Morgan Stanley Capital International's latest overhaul of its equity indices and instead focused on the possibility Nasdaq's Friday
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    • ON THE grapevine
      • Article
        Lock icon Venture money, anybody?
        103 2 MANY venture capitalists have tightened their purse strings following this year's much publicised dotcom bust. With this turnaround leaving some startups gasping for funds, you would have thought that venture capitalists would now have more proposals at hand than they are willing to sponsor. But surprisingly, one
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      • Article
        Lock icon Will foreigners borrow S$?
        93 2 LAST week, BT ran an online poll asking readers what they thought of the new ruling allowing foreigners to borrow Singapore dollars freely to invest in local assets. The poll statement was: "The latest MAS move to further liberalise the Singapore dollar will help to boost
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      • Article
        Lock icon Crackdown on crime
        122 2 IF you've ever wondered whether crime pays, a recent study has revealed the mega-numbers involved in the trafficking of labour, sex, drugs and arms. Organised crime could be turning over as much as US$7 billion to US$l3 billion (5512.2 billion to 5522.6 billion) a year from these
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    • Article
      Lock icon S'pore likely to see lowest pay rises in Asia this year and next
      470 2  -  Real salary may go up 3.6% this year, 2.9% in 2001 Bifi Anna Teo [SINGAPORE] Despite economic growth of close to 10 per cent in 2000, Singapore is likely to see among the lowest pay rises in
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      64 3 I i 1/ Sk' A 1 t*. n V f 0 J^m FAST*SKIN the most efficTept b*odv<uit made, enhancing performance by a potentially qfitical 3%. Designea to the hydrodynamics of shark skin, it is tire result of over analysis of over 3,000 skin samples. ffciL-c 4' i I Performance, in
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  • SINGAPORE companies
    • Article
      Lock icon NEL expects full-year profit to drop 31% to $58m
      561 4  -  It hires DBS to review 52% stake in Nat Steel Broadway, other units Serena Ng NATSTEEL Electronics (NEL) yesterday said it expects a full-year profit of $58 million a 31 per cent drop from last year's $84.4 million and has hired
      561 words
    • Article, Illustration
      Lock icon AEM launches IPO of 38m shares at 23c apiece
      337 4  -  By Andrew Wee SEMICONDUCTOR equipment and services provider AEM-Evertech Holdings yesterday announced its initial public offer of 38 million new shares at 23 cents each. Despite industry stalwarts such as Chartered Semiconductor Manufacturing and ST Assembly and Test Services trading at
      CHRIS LOH  -  337 words
    • Article, Illustration
      Lock icon India starting to interest Asia Pac Breweries again
      559 4  -  Bnt country's politics will make penetration difficult By i Conrad Raj FRASER Neave's Asia Pacific Breweries will continue to explore investment opportunities abroad, including the India market where it has "rekindled" its interest. However, chief executive officer Koh Poh Tiong said the
      RICHARD CHNG  -  559 words
    • Article
      Lock icon Novena IPO offers 11m shares at 23.5c each
      284 4  -  By] Ling Su Ann SESDAQ-BOUND furniture retailer Novena Holdings yesterday launched its initial public offering of 11 million shares at 23.5 cents apiece. The offer comprises 1.1 million retail and 9.9 million placement shares, including a reserve tranche of 2.75 million shares.
      284 words
    • Article
      Lock icon M'sian banks may get grace period for mergers
      677 4  -  ■[•fflU locksiew diana oon abdullah WITH just three weeks to go before the yearend deadline, Malaysia's central bank is expected to officially give the country's financial institutions more time to work out their merger exercises. Bank Negara has remained silent on its
      677 words
    • Article
      Lock icon Cerebos tops transparency index for F&B firms
      374 5  -  Appraisal suggests investors deserve a better diet from companies lift Paul Thompson SINGAPORE'S largest food and beverage companies have just released their fullyear results for the year to end-September. While their profits have impressed investors, the degree of transparency as indicated by BT's
      374 words
    • Article
      Lock icon BondsInAsia to extend online bond trading to S'pore
      265 5  -  Firm aims to give platforms to each Asian market H,J\ Serena Ng ONLINE bond trading network BondslnAsia will soon extend its franchise to Singapore. Called BondslnSingapore and G3BondslnAsia, they will operate as exempt stock markets under the Securities Industry (exempt stock market)
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    • COMPANY Briefs
      • Article
        Lock icon No stabilising action for SGX IPO: DBS
        43 5 DBS Bank, the stabilising manager for the initial public offering of Singapore Exchange (SGX), said it has not undertaken any stabilising action. It has also exercised the over-allotment option to purchase 41.7 million shares in SGX.
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      • Article
        Lock icon Parkway bonus issue approved
        52 5 PARKWAY Holdings said the Singapore Exchange has granted approval-in-principle for its proposed 1-for-l bonus issue and its capital reduction exercise. The bonus issue and capital reduction exercise are subject to the approval of shareholders and, in respect of the capital reduction, the High Court as well,
        52 words
      • Article
        Lock icon SMB merges switchgear subsidiaries
        91 5 MAINBOARD-LISTED SMB United, a manufacturer and distributor of switchgear and electrical components, has merged its four switchgear subsidiaries into one company, SMB Electric. SMB Electric will have under its wings all business-related activities and operations of MAC Electric, Avil Systems Services, Brighten Group and Soundtex Switchgear
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      • Article
        Lock icon FJ Benjamin completes DigiCard review
        148 5 FJ Benjamin (FJB) has completed its review of the marketing and distribution of the DigiCard business in Asia Pacific with its principal, Nexxt Media, in which it has a 20 per cent shareholding. Nexxt Media, which holds the patent rights for the DigiCard in Asia
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    • Article, Illustration
      Lock icon KepFels and Ensco in US$130m project
      208 5 Bloomberg KEPPEL Fels Energy Infrastructure, a unit of Singapore's largest diversified group by market value, said it would partner Ensco International Inc to build, own and operate a US$l3O million (***** million) oil rig. The partnership with one of the US' largest oil drillers
      Bloomberg  -  208 words
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      286 5 UEXUS ...A; v RX3OO --v 4 l r~ '"V A" 7 "'V v -v .0' v i' 1 •.< i J K uTjl. trail-blazer at keart, you've always ventured off tke beaten track. Obviously, you need a vekicle tkat can keep up witk you. You need a Lexus R X3OO
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      541 6 Stocks Volume PacificCenturylOc 28,784,000 PCI 25c 20,601,000 Omni Ind 10c 19,590,000 NOL 16,837,000 Chart Semiconductor 26c 16,361,000 GMG Global 5c 13,838,000 GulTech W*****7 11,428,000 GES Intl Ltd 20c 10,359,000 OUB DB eCW*****3 9,797,000 GulTech20c 9,573,000 Stocks Chart Semiconductor 26c 95,066,676 Omni Ind 10c 60,248,750 OUB 35,259,680 PacificCenturyl 0c 35,242,910 DBSGrp
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    • Article, Illustration
      Lock icon Wall St, window-dressing by funds fuel interest in big caps
      561 6  -  I =i I comment STOCKS r.sivanithy THE pattern of trading in the local market that has prevailed for several months now showed little sign of change yesterday index stocks rose sharply in response to a rise in the Nasdaq and
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    • Article, Illustration
      Lock icon Multi-Chem wit attractive numbers but liquidity a drag
      192 6  -  WARRANT WATCH By] R Sivanithy WE featured Multi-Chem's new warrants in this column a couple of weeks ago, and since then they have risen marginally. They still look attractive. At 12.5 cents and with a 15-cent exercise price, the conversion premium is
      192 words
    • Article, Illustration
      Lock icon ASA likely to see further upside
      233 6  -  HOT STOCK By\ Serena. Ng THE stock of semiconductor equipment maker Advanced Systems Automation did well yesterday after strong interim results released last Friday. The counter rose 2.5 cents to finish at $0,905 on brisk volume of 1.8 million units. Technical indicators suggest the
      233 words
    • Article
      Lock icon Market Notices
      145 6 GOODWOOD Park Hotel director and audit committee member Tan Wee Tin is retiring and will not seek re-election at the AGM to be held on Dec 28. ♦SEMBAWANG Kimtrans has appointed Rajeswari Sinniah its joint company secretary with effect from Dec 7. ♦CITY Developments has appointed Joseph Kong
      145 words
    • Article, Illustration
      Lock icon Asian currencies benefit from Nasdaq rebound
      345 6  -  I I comment CURRENCIES larry wee ASIAN currencies enjoyed a late rebound yesterday after Friday's Nasdaq rally, although the euro looked a bit more defensive on the increased likelihood of a Bush presidency. With US employment numbers released last Friday a little softer than
      Source: Reuters  -  345 words
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      227 6 Ik ovens® NOVENA HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 4 November 1993) Invitation in respect of 11,000,000 New Shares of $0.15 each comprising:(1) 1,100,000 Offer Shares at $0,235 for each Offer Share by way of public offer; and (2) 9,900,000 Placement Shares by way of placement, comprising:(a)
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      45 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. 01 MiSBANK
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  • MSCI'S free-float
    • Article, Illustration
      Lock icon Relief in HK over later change implementation date
      555 7  -  Hang Seng finishes 219.2 points higher, blue chips gain; boost also from lower US rates prospects Front i Quak Hiang Whai in Hongkong SHARES in Hongkong shrugged off Morgan Stanley Capital International's move to switch to a free-float computation method, while analysts
      AP  -  555 words
    • Article
      Lock icon Taiwanese chase bargains; main index up 0.6%
      429 7  -  From Macabe Keliher in Tatpei TAIWAN investors drove the main bourse up 0.6 per cent yesterday, showing that they were more taken with cheap buys in an underperforming market than being rattled by Morgan Stanley Capital International's (MSCI) announcement that weighting of Taiwan
      429 words
    • Article, Illustration
      Lock icon Tokyo stock market ignores MSCI change
      854 7 Changes were expected, and traders chose to focus on a strong rise in US technology shares Reuters [TOKYO] Tokyo stocks leapt yesterday, ignoring a decision by Morgan Stanley Capital International (MSCI) to shift to a free float standard although pain is inevitable for issues
      Reuters; AP  -  854 words
    • Article
      Lock icon Move seen hitting M'sian companies' fund-raising efforts
      969 7  -  The fate of over RM2.7b in capital raising exercises hangs in the balance From] Diana Oon Abdullah in Kuala Lumpur THE move by Morgan Stanley Capital International (MSCI) to switch to a freefloat system is set to make it even more difficult for
      969 words
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      129 7 features compact size, large I connectivity, smart messaging. I calendar, games High Power Battery Headset Desktop Stand Screen large backlit LCD screen Data capability data speed up to I 14 4 Q^ bps feac *y Networt< gsm9 Selling price: $938 Built for professionals on the move, the Nokia 9110 i
      129 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Nov foreign reserves edge up
      228 8  -  I3hJ3 on the economy foreign reserves By I Serena Ng THE nation's total foreign reserves edged up 0.2 per cent month-on-month to $136.9 billion at the end of November, according to preliminary figures from the Monetary Authority of Singapore. And compared with November last year,
      Source: MAS  -  228 words
    • Article
      Lock icon Corrections and clarifications
      80 8 IN our Dec 7 report, "No plans for 3rd media giant: SBA", we quoted Koh Tin Fook, deputy CEO of the Singapore Broadcasting Authority (SBA), as saying he did not expect double-digit growth in the broadcast industry with the entry of SPH Media Works. SBA has clarified
      80 words
    • Article, Illustration
      Lock icon Ladyvale site fetches more than expected
      380 8  -  Buyer, a major Sparks shareholder, to build his home on 32,160 sq ft site Marissa Chew LOCAL businessman Eng Hui Cheah, a major shareholder in Sparks disco, has clinched the British government's Ladyvale site for $19.3 million in closely contested bidding. Mr Eng paid
      FILE PHOTO  -  380 words
    • Article
      Lock icon AsiaOne to start online motoring magazine
      289 8  -  By] Errol George ASIAONE, the listed Internet arm of Singapore Press Holdings, is launching an online subscription motoring magazine and has appointed Paul Meyers as chief operating officer of Fantastic One, a newly formed joint venture broadband company. It said it had signed an
      289 words
    • Article
      Lock icon Management change: M&C issues denial
      252 8  -  Grand Copthorne Waterfront won't be run by another chain By] Marissa Chew MILLENNIUM and Copthorne Hotels, the hotel arm of the Hong Leong Group, yesterday denied its year-old Grand Copthorne Waterfront Hotel will be managed by an international chain. There has been speculation about a
      252 words
    • Article
      Lock icon Netrust launches Web, WAP digital certificates
      158 8  -  By. Andrea Tan DIGITAL ID service provider Netrust yesterday announced the launch of Web and Wireless Application Protocol (WAP) digital certificate services. Netrust, a joint venture between Telecommunications Transportation and the Network for Electronic Transfer (Nets), is bringing the services to South-east Asia under
      158 words
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      306 8 .jy^jjj^^^^ HijV^V^V 4 if* jv'-wv- &V *v- v '%«^:^/>' 3fe *5 $5* Reward Yourself. Just join one of the following oneworld™ member airlines tSB Cathay Pacific frequent flyer programmes: Cathay Pacific Marco Polo or Asia Miles, British Airways AIRWAYS Executive Club, Finnair Plus or Qantas Frequent Flyer. And when you
      306 words
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  • MAIL bag
    • Article
      Lock icon Pertinent facts missing in car loan story
      253 9  -  Gerry de Silva Group corporate affairs manager On behalf of Hong Leong Finance Singapore Finance via Internet I REFER to the article, "Financing scam rocks motor trade" (BT, Dec 6). I would like to bring to your attention certain pertinent facts given to
      253 words
    • Article
      Lock icon Patent lawyers already here
      159 9  -  Keith Callinan Alban Tay Mahtani de Silva Singapore, via Internet I REFER to the letter, "Life sciences: patent protection is important" (Mailbag, Dec 7), by Alex Thian. While I generally agree with his sentiments, I wish to correct a basic error. Two Singapore law firms have
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    • Article
      Lock icon High returns from Up quite remote
      233 9  -  Leong Sze Hian Singapore I REFER to an advertisement "If you want guaranteed returns and the chance of a bonus, the only way is Up" and the article "Catering to the risk adverse" by Genevieve Cua (BT, Nov 15). The ad guarantees a return
      233 words
    • Article, Illustration
      Lock icon ST Engg misreading market trend?
      153 9  -  Ong Pock Tee Singapore via Internet I REFER to the article "ST Engineering may have second shot at USs4b army deal" (BT, Dec 7). From a US Army press briefing given in November, it seems quite clear that US general Eric Shinseki is pushing the
      FILE PHOTO  -  153 words
    • Article
      Lock icon Simple set top box enough far old TV sets
      155 9  -  Stephen Chor Singapore, via Internet I REFER to the article, "TV makers not ready to bet on going digital" (BT, Dec 8). It said an MATV antenna is necessary for DTV reception. MATV (Master Antenna Television) and Community Antenna Television (CATV)
      155 words
    • Article
      Lock icon Hard to cash out of insurance policies
      180 9  -  Goh Mong Song Singapore, via Internet I REFER to the letter, "Unreasonable of insurers to cut bonuses so suddenly", by Chong Ching San (Mailbag, Dec 8). I agree with his comment that policyholders who hope for a reasonable risk fare no better than
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      1138 9 We welcome letters. E-mail us at btletter@ sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear
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      Lock icon Page 9 Advertisements Column 2
      137 9 I DANIEL ROTH A'y Chronograph Automatic "Daniel Roth's distinctive style has WH W been perpetuated in this chronograph: m an elegant blend of technology and tradition." Prestige Precision Distinctive Precise mechanism measures time to the 10th of a second. Integrates the hours, minutes and seconds on three separate counters. 50
      137 words
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon New Economy dressing for success
      1122 10  -  Balance a casual look while maintaining credibility and some authority and no matter how laid-back the office, it is still a good idea to be well-groomed By, Sakinah Manaff The writer is with newasiawoman.com THE days of business suits and court shoes are numbered. So
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      319 10 jf jjl l l I l' l l J^KHR^ mmm lm Jl I Im vl I l\r I' I I I J Earn Double Miles. As a new or current frequent flyer member, you can earn 131 Cathay Pacific double miles when you fly First or Business Class with any
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  • FOCUS property
    • Article
      Lock icon PKB to launch 343 more units in Bandar Kinrara
      321 11 NST PERUMAHAN Kinrara Berhad will launch 343 units of property worth RM9O million (5541.1 million) over the next two months in its Bandar Kinrara township in Puchong. Selangor. This will bring the total value of the properties launched by the company
      NST  -  321 words
    • Article, Illustration
      Lock icon Methodist Church selling Mount Sophia site
      357 11  -  It reverses its October 1999 decision to redevelop the site due to a lack of resources By Vince Chong THE Methodist Church is selling its Mount Sophia site, which has a fresh 99-year lease, marketing agent DTZ Debenham Tie Leung said yesterday. Located on
      FILE PHOTO  -  357 words
    • Article
      Lock icon London property prices weakening
      535 11 Recent figures show the prices of flats in London peaked in early Spring FT [LONDON] Commuters tired of coping with road and rail chaos might consider buying a London pied-a-terre for Christmas. City agent Stirling Ackroyd calculates that the cost of a £200,000 (S$500,000) mortgage is
      FT  -  535 words
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      121 11 Corporate Advantage M A M m For more information fl H or reservations, H H please sslV/' 65 294 0467 effective in August (65)298-2038 •Superior Room Complimentary Local Calls sa ,e S g oidenlLXU.con, sg anrl Hailv \W cnanpr A ra,es are suhjea >r/(senice char edllll L/dllV iunSpdpCl l c
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      171 11 As Instructed by The Methbdist Church in Singapore Prime Residential Site At Mount Sophia Close to Dhoby Ghaut MRT Station II St r\ —zft Naoyang I •Site area: 114,824 sq ft o Er™ty Plot ratio: 2.1 W /> Z7 •Written Permission Building Plan mnoJJin Approval obtained for a 125-unit /y
      171 words
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      361 11 Suntec Tower Low Floor Tenanted 14,381 sq ft Rare Sale Suntec Tower Mid Floor Tenanted 14,381 sq ft Attractive price Freehold Site For Sale h fT 11 "Tp. 1) 15-81 Elliot Road (Palm Beach Garten) I 1: 2) 16 Palm Road S JgjOT M rmoT WAU( i 5 e 1
      361 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon A misplaced blind faith in markets
      659 12  -  mm bottom line OPINION paul krugman The writer is a professor of economics at the Massachusetts Institute of Technology CALIFORNIA'S deregulated power industry, in which producers can sell electricity for whatever the traffic will bear, was supposed to deliver cheaper, cleaner power. But instead,
      659 words
    • Article
      Lock icon IN OTHER WORDS
      96 12 'The Swiss know they have a problem. They're taught to fear risk and failure. They're conservative and conventional. Their culture doesn't favour entrepreneurialism. But they're coming out of the closet.' Kenneth P Morse managing director of MlT's Entrepreneurship Centre, on why Switzerland has opened a special mission
      96 words
    • Article
      Lock icon Give the Thai poor a better deal
      657 12 EDITORIAL EVEN as Thai politicians promise faster economic growth, debt moratoria and sundry tax breaks aimed at the relatively well-off —in a bid to win the Jan 6 general election, they have been strangely silent on the issue of poverty, as if it
      657 words
    • Article, Illustration
      Lock icon Economic openness: benefits and challenges
      1622 12  -  Globalisation in the new millennium means a whole new ball game for the Singapore economy By\ Hoon Hian Teck The writer is an associate professor in the Department of Economics, National University of Singapore, e-mail: ecshht@nus.edu. sg THE story of Singapore's economic development over the
      FILE PHOTO  -  1,622 words
    • Article
      Lock icon Wish Kim Dae Jung all the best!
      364 12 COMMENTARY He deserves all support in his snnshine policy towards N Korea South China Morning Post IT'S a hard fact of public life that politicians are often more honoured abroad than in their own countries. Such is the case with South Korean President
      South China Morning Post  -  364 words
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  • MALAYSIA news
    • Article, Illustration
      Lock icon Halim Saad buys more time to fulfil Renong put option
      545 13 He will pay UEM RMIOOm on Feb 14, July 14, Dec 14 with remaining sum plus interest on May 14,2002 MALAYSIAN tycoon Halim Saad is set to spook the Malaysian stock market again, after he managed yesterday to convince United
      545 words
    • Article
      Lock icon Rashid Hussain's interest in banking arm may be diluted
      372 13  -  RHB Capital will cease to be an RHB unit when its restructuring is done From Eddie Toh in Kuala Lumpur RHB Capital will cease to be a subsidiary of Rashid Hussain Bhd on completion of its protracted restructuring exercise. RHB said
      372 words
    • MARKET moves
      • Article
        Lock icon Saleh quits as Proton chairman
        60 13 Reuters [KUALA LUMPUR] Malaysian national car maker Proton said yesterday Mohamad Saleh Sulong has resigned as company chairman. Three other directors have also resigned, all effective Dec 4. Mr Saleh is chairman of auto group DRB-Hicom Bhd, which this month relinquished a controlling 27.2 per
        Reuters  -  60 words
      • Article
        Lock icon Brokerages in merger talks
        71 13 Bloomberg [KUALA LUMPUR] Mohaiyani Securities, a closely-held Malaysian stock brokerage, said it was in talks with KAF Seagroatt Campbell to explore options to merge their businesses. "We are talking to many potential parties to merge," said general manager Raymond Kee. "KAF is one of them." KAF-Seagroatt
        Bloomberg  -  71 words
      • Article
        Lock icon Maybank gets approval for mergers
        47 13 Reuters [KUALA LUMPUR] Malayan Banking Bhd (Maybank) said yesterday the government has approved its proposed acquisition of Phileo units and Pacific Bank Bhd. Maybank is merging with Phileo's commercial bank and Pacific Bank, both medium-sized banks, under a government-directed consolidation scheme. Reuters
        Reuters  -  47 words
    • Article, Illustration
      Lock icon SAirGroup confirms it's interested in MAS stake
      256 13 ZURICH Reuters SWISS aviation conglomerate SAirGroup said yesterday it was interested in a stake in Malaysian Airline System after all, having denied such a possibility on Sunday. "Something has changed over the weekend. We have started the due diligence process for a financial
      Reuters; AFP  -  256 words
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      517 13 Fly direct to USA through Japan with ANA and get up to $600 worth of vouchers free! 4% AT" try 2:.. .jum. V r I f V ft Free Shopping Voucher (I Nov -31 Mar 2001 Now when you fly with ANA to USA or Japan, Relax with ANA "Super
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  • REGIONAL news
    • Article
      Lock icon IMF denies its funding to Jakarta under threat
      452 14 JAKARTA Letter of intent being drawn np bnt no clear deadline set Reuters THE International Monetary Fund said yesterday that its US$5 billion (558.67 billion) assistance programme to Indonesia was not under threat and the next letter of intent paving the way
      Reuters  -  452 words
    • Article
      Lock icon Indonesia bars state firms from market dollar buying
      105 14 JAKARTA Reuters INDONESIA'S chief economics Minister Rizal Ramli said yesterday that state-owned firms, including oil monopoly Pertamina, could now buy US dollars only from the central bank. "It has been agreed that Pertamina and other stateowned companies can no longer buy US
      Reuters  -  105 words
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      Lock icon BI candidates on the way
      70 14 JAKARTA AFP BANK Indonesia (BI) governor Syahril Sabirin is considering candidates to replace five board members who resigned last month, House Speaker Akbar Tanjung said yesterday. Mr Tanjung, who chairs the lower house, the People's Representative Council, said Mr Sabirin disclosed his plans at a
      AFP  -  70 words
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      Lock icon Yangon may lift curbs on Aung Sung Suu Kyi
      446 14 VIENTIANE French minister believes she'll be in next batch of opposition members to benefit AFP THE military junta in Yangon says it is ready to lift restrictions on a further batch of opposition members, French Cooperation Minister Charles Josselin told AFP
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    • Article
      Lock icon Jimmy Lai closes Internet grocery store
      614 16  -  Money-losing adM( a rt says it had failed to win customers over from traditional retailers From Quak Hiang Whai ill I lot HjkOHf! MAVERICK businessman Jimmy Lai continues to wind down his presence in Hongkong, with the territory's most famous anti-establish-ment tycoon yesterday closing
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      Lock icon Goldman rockets to top of Asian mergers adviser list
      367 16 HONGKONG It hits top spot after advising China Mobile on takeover Bloomberg GOLDMAN Sachs Group Inc has rocketed to the top of the rankings of advisers on Asian mergers, from ninth place in June, as banks compete keenly for recognition in
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      Lock icon Power workers threaten India with new strike
      289 16 NEW DELHI Reuters, Bloomberg INDIAN power workers have called a one-day strike for today, threatening more labour disruption for India as it struggles with a paralysing postal strike. The government meanwhile said it may be forced to call in the army to help
      Reuters,; Bloomberg  -  289 words
    • Article, Illustration
      Lock icon Telstra confirms reports it's moving assets to Bermuda
      351 16 SYDNEY AFP. Reuters TELSTRA Corp Ltd has confirmed reports it will register holding companies for its pan-Asian joint venture with Pacific Century CyberWorks Ltd in Bermuda. A spokesman for the company, partially owned by the Australian government, denied the move to the
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  • e-NEWS
    • Article, Illustration
      Lock icon Vodafone to buy 15% of Japan Telecom
      472 15 USs2.sb deal likely to shake up Japanese mobile phone market FT, Bloomberg [TOKYO] Vodafone has agreed to buy 15 per cent of Japan Telecom (JT), Japan's third-largest telecommunications operator, as part of a strategy to take majority control of J-Phone, JT's fastgrowing mobile
      FT,; Bloomberg; AP  -  472 words
    • Article
      Lock icon AOL merger set to get go-ahead
      394 15 WASHINGTON US regulator expected to approve takeover of Titae Warner on Thursday WP A MAJORITY on the Federal Trade Commission is prepared to vote to approve the America Online Inc takeover of Time Warner Inc on Thursday when it is expected to meet to
      WP  -  394 words
    • Article
      Lock icon Samsung non-memory chip sales seen soaring
      230 15 SEOUL Reuters SAMSUNG Electronics, the world's largest computer memory chipmaker, expects its non-memo-ry sector sales to touch US$l.B billion (Ss3.l billion) this year, up 80 per cent from the previous year. "Monthly sales in the non-memo-ry sector reached 200 billion won (*****.2 million) in
      Reuters  -  230 words
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      17 15 MB; Shopping Ma* teflles Boulevard Centre, VHhun T«B*Jin«t Ccn&M I SK If BS«» ««iG»«5a 7S»W TftWOdW I
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      161 15 if IMP: ,^^3lBsl^s^H(^^* J/Stfri'7i l VHt' Mi/MBKSmRr--; > WWL tH JjEaHk 1 Jit Jhkm J s ißfegasa fl^^^HHjußSfcfc^Vß^' Vpm||^H^pr Wm-. *4mK*~ ffi*w N PIP' JB P \*m Bpfe? P t3w i J P I Jr. 1 Sml I-' *6fcfc fiH jfc jjtT jjfk I 1 jj/r B *7wPim iSHBI&A Bd|9
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      1778 16 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 THE COMPANIES ACT, CAP. 50 CHARLES TRADING PTE LTD (In Vol. Liquidation) At a general meeting of CHARLES TRADING PTE LTD duly convened and held on the Bth day of December, 2000 the following special resolution was passed:
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      521 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF REGINA HAW PAR PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap 50 that the Final Meeting of Members of the Company
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      224 17 f* (MBBIB U m S^^| Bjjj lK; l\ MBk UK 11 fl 11 .-:^aafe^. V- jpjl^ppr^'^^ fiir the new DBS branch at t /T r B ■I ilk. KH IHH^, K SHHri' 'M^HH.. ■fl 1 9 A Sllte -v jyifl B 1 L Hn^', m f||g j& iIL, Sl>. I;,';.kl„
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  • WORLD news
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      Lock icon Japan aid cut: World Bank chief expresses dismay
      941 18  -  Wolfensohn says major cut would hurt Japan and developing countries receiving Japanese official development assistance Front i Anthony Rowley Tokyo WORLD Bank president James Wolfensohn yesterday reacted with dismay to the possibility of major cuts in Japanese official development assistance (ODA) following
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      Lock icon Gore, Democrats prepare for possible end
      650 18 TALLAHASSEE. Florida They appeal for unity however Supreme Court rules AFTER 34 days of rock-solid support, senior Democratic leaders have signalled that Vice-President A 1 Gore is likely to concede defeat and quickly to George W Bush if the US Supreme Court terminates all
      AP; REUTERS  -  650 words
    • Article
      Lock icon UK's Shire to merge with BioChem
      475 18 LONDON They will form global speciality pharmaceuticals firm worth USs&sb Reuters BRITISH drug firm Shire Pharmaceutical Group Pic yesterday agreed to merge with Canada's BioChem Pharma to create a global speciality pharmaceuticals company valued at about US$B.5 billion (5514.7 billion). Shares in Shire reacted
      Reuters  -  475 words
    • Article
      Lock icon 'Gangster' photos spell more trouble for Mori
      378 18 TOKYO Reuters BELEAGUERED Japanese Prime Minister Yoshiro Mori faced fresh trouble yesterday that could threaten his tenuous hold on power with the publication of long-rumoured photos of him with a man alleged to be a right-wing gangster. Analysts said the photos would seriously
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      Lock icon Deutsche Boerse to list next year
      135 18 Reuters [FRANKFURT] Germany's Deutsche Boerse will become Europe's third publicly traded stock exchange operator next year after its supervisory board yesterday approved its flotation and a capital increase. The owner of the Frankfurt stock exchange said it wanted to use the proceeds as acquisition
      Reuters  -  135 words
    • Article
      Lock icon SEC report to show Nasdaq trades cost more: WSJ
      254 18 U NEW YORK Reuters A STUDY by the US Securities and Exchange Commission shows that trading on the Nasdaq costs investors more than dealing on the New York Stock Exchange, the Wall Street Journal reported yesterday. Citing sources who have seen
      Reuters  -  254 words
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      Lock icon Summit go-ahead for EU expansion
      773 19  -  Nice reform treaty to give much-needed fillip to euro Front Shada Islam in Xice A GROUNDBREAKING reform treaty by European Union governments after a gruelling five-day marathon summit sets the 15-nation bloc on a straight path to eastward expansion and could give a much-needed boost
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      Lock icon Merrill to sell business units for US$1b: report
      269 19 NEW YORK Aim is to cut costs and boost profit margins Reuters, Bloomberg MERRILL Lynch and Co Inc, a top US brokerage, plans to sell several business units in the next few months, which could net the firm more than US$l billion
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      101 18 range of I HiT •T iiTih iT i I Mi Vlllllllll ■kII i T W University of London programmes (from to "j fj management and by I I *****111 l r full-time or part-time study at Stansfield. MBA Thur, 14 Dec 2000 at 7.00pm Preview ■TPljfjM Fri, 15 Dec 2000
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      102 19 €B€L the architects of time s Br JMr *■1. ifeC tHHr 4^> C W mtKKJ^^ Zj CHRONOGRAPH 1911 Automatic movement, certified chronometer, steel, water resistant to 30 m EXCLUSIVELY AVAILABLE AT: NGEE ANN CITY 18 PARAGON rtn et 235 0084 LUCKY PLAZA Sincere Tel 737 4648 Cortina Tel 734 3668
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      109 19 *11? Hb To help bring the bank to you, we're bringing together an exclusive DBS Sing Tel Mobile Package for DBS Internet Banking customers. Enjoy the WAP-enabled Nokia 6210, the Palm lUxe and a Sing Tel Mobile plan all in one fantastic deal. I v' II ®DBSfJANK I 6210 All
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  • FINANCE & commodities
    • Article
      Lock icon Futures end higher on short-covering
      303 20  -  ST Index/MSCI S'pore Index Lau Chee Keong Refco Singapore THE Singapore stock market finished firmer yesterday following a strong rebound in the Nasdaq last Friday. The Straits Times Index closed up 44.13 points or 2.25 per cent at 2,004.29 points with 36 gainers and six
      303 words
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      Lock icon Nasdaq helps futures to end firmer
      237 20  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore THE MSCI Taiwan stock market finished higher yesterday after Nasdaq rebounded strongly last Friday. The MSCI Taiwan index closed up 1.92 points or 0.79 per cent at 246.49 points. Turnover for index component counters came to
      237 words
    • Article
      Lock icon Iraqi demand pushes up oil prices
      167 20 ENERGY REPORT Reuters [LONDON] Oil prices, reeling after a two-week slide that lopped 20 per cent from a barrel of cruae, got a boost yesterday, after Iraq resurrected obstacles to the resumption of its oil sales. Just as it seemed about to restart exports,
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      Lock icon CURRENCY REPORT
      336 20 Reuters London THE euro fell to its lowest in nearly a week against the dollar yesterday as Republican George W Bush looked close to snatching a victory in the US presidential saga after a weekend decision by a US High Court. The dollar was also supported as US
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      Lock icon Untitled
      1276 20 INTERBANK CROSS RATES A$ C$ Rmb Euro Ffr Dm HK$ Ind Rs Rupiah Yen Won RM NZ$ Pali Rs Peso S$ Rand Sfr NTS Baht Pound US$ Australia 0.827 4.521 0.615 4.034 1.203 4.247 25.471 51.920 0.604 6.445 2.070 1.283 31.500 27.206 0.945 4.166 0.929 18.015 23,721 0.377 0.545 Canada
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      Lock icon Untitled
      1971 20 SICOM FUTURES Decii RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High low Sett (tonnes) Interest Jan 01 107.75 50 Feb 01 109.50 50 Mar 01 111.75 1250 Apr/Jun 01 114.50 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Jan
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  • STOCKS east asia
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      Lock icon Hang Seng Index ends higher following Wall St gains
      2859 21 HONGKONG AFP Hang Seng +219.21 HONGKONG share prices rose 1.4 per cent yesterday following gains on Wall Street, dealers said. The key Hang Seng Index gained 219.21 points to close at 15,408.54 on turnover of HKSIO.SB billion. Dealers said financial stocks
      AFP  -  2,859 words
    • Article
      Lock icon Nikkei surges after MSCI decision on indices
      2030 21 TOKYO AFP Nikkei 225 +3UU9 SHARE prices in Tokyo closed 2.2 per cent higher yesterday after Morgan Stanley Capital International said it would not change its global stock indices until late next year, brokers said. The Tokyo Stock Exchange's Nikkei--225 index gained 319.19
      AFP  -  2,030 words
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      Lock icon CHINA
      1074 21 Reuters Shenzhen B Index -0.73 4 CHINA'S hard currency B shares weakened in thin trade yesterday, ending down on a technical correction and pressured by a fall in domestic A shares, analysts said. The Shanghai B share index closed down 1.19 per cent at 76.03 on slow turnover of
      Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  1,074 words
    • Article
      Lock icon TAIPEI
      380 21 AFP WP Index +31.58 TAIWANESE share prices closed 0.6 per cent higher yesterday in thin trading as investors sidelined themselves, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 31.58 points to 5.284.41. Turnover shrank to NT544.41 billion, down from NT549.97 billion in the previous trading session. Advancers
      AFP  -  380 words
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      41 21 You never 5R actually own a Patek Philippe. PATEK PHILIPPE You merely mSaJr GENEVE Begin your own tradition. look after it for the next generation. 38T Annual Calendar For information: Geneva Master Time, Tel: (65) 732 1506. www.patek.com by Patek Philippe
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  • STOCKS klse
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      Lock icon Stocks close higher on institutional support
      448 22 AFP 13 Composite Index +2.60 MALAYSIAN shares closed 0.4 per cent higher yesterday on light buying support with little impact from Morgan Stanley Capital International's plan to adjust its indices based on stocks' free-float, dealers said. The Kuala Lumpur Stock Exchange Composite Index rose
      AFP  -  448 words
    • Article
      Lock icon Untitled
      9445 22 INDUSTRIALS Consumer products 2000 Last Vol Day Net Cap High Low Company Salt *h_ 000 High Low P/E Smll 420 310 Ajinomoto 330 181 133.8 158 45 Angkasa 45.5 471 670 290 Apollo Food Hlg 360 7 8 144 0 3825 2700 BAT 50c 3750 50 206 3750 3700 47.3
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2953 23 BONDS WARRANTS Wrals fnm/ txptry Last Val Dir LastOnoU *>l IUW4 Con Ew Dm Mtks MiflU Urn Company Sal* 000) Htyt Low B«yn Seller Pile* iMlhl Ratw Prtc. <%) CMnn«2 Lift 51-5 3 S Acma W*****4— 3.5 2.5 6.5 4 410 1 300 279 22 86 7 27 2.5 s
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      Lock icon SEOUL
      295 23 AFP Composite Index +19.99 SOUTH Korean shares rose 3.7 per cent yesterday with the index up 19.99 points at 554.80. Volume was 384.5 million worth 1.9 trillion won. AFP Dec II *on Anam Semi 4500 -15 Brain Tech 535 -5 Central Bank 170 unch Cheil Comm ***** 400 Dae
      AFP  -  295 words
    • Article
      Lock icon MANILA
      281 23 AFP Q Composite Index -6.65 PHILIPPINE share prices closed 0.4 per cent lower yesterday with the Composite Index down 6.65 points to close at 1,393.71. Volume was 426.10 million shares worth 748.7 million pesos compared to 170.23 million shares worth 633.56 million pesos on Friday. AFP Dec 11 Peso
      AFP  -  281 words
    • Article, Illustration
      Lock icon JAKARTA
      655 23 AFP fyj Composite Index -10.34 INDONESIAN share prices closed 2.4 per cent lower yesterday amid concerns over Morgan Stanley Capital International's decision to base its indices on free float weightings. dealers said. The Jakarta Stock Exchange Composite Index closed down 10.34 points at 421.47, off a low of 439.57.
      AFP  -  655 words
    • Article
      Lock icon WELLINGTON
      266 23 AFP 13 NZSE-40 +9.58 NEW Zealand's share market had a positive start to the week with a healthy turnover yesterday. The NZSE-40 Capital Index was up 9.58 points, or 0.5 per cent, at 1.975.66 on turnover of NZ$lOl million, the mood influenced by US presidential election developments.— AFP Dec
      AFP  -  266 words
    • Article
      Lock icon SYDNEY
      548 23 AFP All Ordinaries +23.4 THE Australian share market was pushed 0.7 per cent higher yesterday by strong gains in telecommunications sector heavyweight Telstra, brokers said. The All Ordinaries index closed 23.4 points higher at 3.255.9, while the SP/ASX 200 finished 24.8 points higher at 3,312.4. National turnover was 464.36
      AFP  -  548 words
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      82 23 II 1. I Photo essay a creative way to recruit the right talents. I x 1 *27""' I 1800-741-1883 The Bangkok market was closed yesterday lwas "Our lives were full of Added to multi P ,e i°y s Then my owner and I were fTIV fIPW divided. She placed an
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  • Article
    Lock icon STOCKS sgx
    10285 24 SGXMA1MB0ARP Transaction date: Dec 11 Cr Cr M Wt 52-Wk Last Vol Day Last Ouota Dlv Dl* Yld Nat Cap Avg High Low Company Sala COOP) High Low Buyar Sallar *> C'vr P/E jmll Prlca MULTI-INDUSTRY 163 75 m c Acma 50c 80 30 80 77 79 80
    10,285 words
  • Page 24 Advertisements
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      124 24 With the share trade settlement period reduced, you can still Citibank Equity Investment Account your stocks even after the 3-day settlement period. And in addition to our Why let a shorter trade settlement period reduce your trading opportunities competitive financing, you'll also be earning daily interest on your cash balance
      124 words
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      357 25 Where to wine, dine and hmM —T *WMBBWBMBMMMMMBMMBMBMMMBMBBMBBMMMBMgTf|imi)inimriM«aiMdMBmiIIIIirifhiim««g«KM^^ Christmas Eve International Christmas Eve Romantic Buffet Lunch Si Dinner Candlelight 5-course LunA: $28.80 (Adult), Dinner Less 40% (Child) 348 P er P erson Inclusive of Dinner: $38.80 (Adult), champagne and novelties. Llss 40 o (Child) Christmas Day International Buffet Lunch 8C
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      80 25 T(*A rt "i exfiexience at t&e lame, team of pxofeiiionaC yet jL/ P /£%/W&jh/ y\\~^Singapore R*m together once again /jS/J'zffl )//X to continue out fecial xeCationifiip y [TesTAURANtI „r I CHIDORI I with you. We specialize in traditional Teppanyaki and also serve A-10-Carte menu of Japanese delectable We are using
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      918 25 Central 7 Outrageous Vacation 2.30 TV Innovations. Sportscity 9 Central:SeSa 7.30 Making A Difference. 5.00 Rahsia Demi Rahsia. 6.00 Kardio 1000 Dummv"" A S, h s Ur S <«» «38 UrTßamldhaT American Health Fit--1030 S F oS e&Feline SSffiSSSS: SMkaVanSuci. 700 2™ World Sport (2nd ii2X 1000 Buff y The
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      Lock icon Page 25 Miscellaneous Column 2
      327 25 CRYPTIC CROSSWORD ACROSS (4) 1 Retailer and reserve goalie 7 These people glide over snow in (11) some distress (7) 9 Device to dispense single 7 Breathes out suffering near that playing-card in Oxford (4) P! 3 6 0 1 10 Game in which top-of-the-table 8 Twinkling collection, not from
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  • KNOWLEDGE economy
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      Lock icon A multi-faceted discipline
      1291 26  -  While the life sciences hold out lots of potential promise, ethical issues could well swing industry directions, say YVETTE FLANIGAN and A J RAMACBAKDRA3X YVETTE FLANIGAN,A J RAMACHANDRAN The writers are from the technology practice group of Rajah Tann, Andersen Legal. Please email com men ts to
      REUTERS  -  1,291 words
    • Article, Illustration
      Lock icon Rajah & Tann builds up biotech expertise
      584 26 Rajah Tann builds up biotech expertise THE legal profession in Singapore has been swift to respond to the government's call for specialist support services for the burgeoning biotechnology sector here and in the region. Rajah Tann, Singapore's second largest law firm, lost no time in building up expertise. It has
      CHRIS LOH  -  584 words
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      Lock icon Embrace staff as investors
      1163 27  -  Companies should abandon their view of employees as just another factor of production, a Harvard don tells EUGENE LOW EUGENE LOW HE times, they ate aW changin." V 1 And the same can be said of corporations too, according to Harvard Business School's H Christopher Bartlett.
      RICHARD CHNG  -  1,163 words
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      36 26 A hotbed of potential promise for mankind or a minefield of ethical concerns and legal wrangles? In a new weekly series starting today. Rajah Tann's technology practice group looks at some of these New Economy issues.
      36 words
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      516 28 If you want guaranteed returns and the chance of a bonus, the only way is Up. B iK®r,7j ■fc#*' '.i Bt *^jj; JR^v* S3 if *ufl II r H f KMBlffL V B>fci¥\ v- I. M jfl K B B B B*B Now there's a risk free way to grow
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      295 29 Reuters THE Baltic Dry Index (BDI) shed 12 points to 1,621, the Baltic Panamax Index (BPI) was unchanged at 1,455, the Baltic Handy Index (BHI) slipped one point to 1,070, the Baltic Handymax Index rose four points to 9,475 and the Baltic Capesize Index (BCI) was down 33
      Reuters  -  295 words
    • Article
      Lock icon MARITIME STOCKS
      302 29 S6X '000 Pec 11 SS Vol CWT Distribution 0.60 0.01 33 Chuan Hup 0.36 -0.01 266 Cosco Investment 0.16 -0.01 10 Freight Links 0.14 0.01 47 GB Holdings 0.48 unch 0 Hai Sun Hup —0.25. unch 162 IMC Holdings-HK .—.5.60 unch 0 Jaya Holdings 0.15 unch 210 Keppel
      302 words
    • Article, Illustration
      Lock icon Shipmanager, class society slammed for failing to carry out their duties
      900 29  -  R-lri exclusive Report of the investigation into the Sun Vista sinking Old ship was in such poor condition, yet safety certificate was issued Donald Urquhart [SINGAPORE] The Bahamas Maritime Authority (BMA) has released a hard-hitting report on the sinking
      BAHAMAS MARITIME AUTHORITY  -  900 words
    • Article, Illustration
      Lock icon Actions of officers, emergency response team also under fire
      511 29 [SINGAPORE] The Sun Vista captain, chief engineer and the vessel manager's emergency response team have also come under fire in the Bahamas Maritime Authority (BMA) report for the handling of the Sun Vista fire which ultimately led to its sinking. The
      BAHAMAS MARITIME AUTHORITY  -  511 words
    • TRANSATLANTIC trade
      • Article, Illustration
        Lock icon Two rate hikes in store next year
        976 30 Trans-Atlantic lines have announced westbound increases as US exports lag Journal of Commerce CARRIERS moving cargo to the United States from North Europe and the Mediterranean are increasing westbound rates in response to strong demand for container space and a continuing imbalance in
        Journal of Commerce; FILE PHOTO  -  976 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      199 30 PAGE Dongnama 3 Accord 6 Eastrans 6 Appenship 5 ECL 4 Assets 7 ECULine 5/6/7 Austral 6 Everqreen 6 Balaji Shpg 5 EverHonest 6 BSA 7 FoongSun 5 o.. u Fuhai 7 B tang Mas 6 G Link 4 CCNI 7 Gemartrans 6 CMACGM 3 Hanglt 7
      199 words
    • Article
      Lock icon SHIPPING GUIDE
      16888 36 THEBUSINESSTIMES EXPORT ci ft Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Name Name Number Number SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 24/ 2 07/ NGPL changsha 12s 65 *****00 19/12 23/01 Delmas SAUDI JUBAIL H40W 65-*****44 f.
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    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        768 39 Vessel Voy No Berth Arrival Departure Juronq Port Desert Star 01-DEC J15 11/12/1:30 14/12/6:00 Spc Capricor 9 J12 11/12/6:50 11/12/19:00 Gornozavodsk 77 J15 11/12/8:00 11/12/16:00 Bt Pm Indahv ***** J01 11/12/8:10 11/12/18:00 Bt Ca Indra3 ***** J01 11/12/8:45 11/12/23:00 Tq Johor 18 V2018R J09 11/12/9:15 12/12/6:00 Bt B
        768 words
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        Lock icon CONTAINER SCHEDULES
        2042 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From AC* DAHLIA 029A 14/10:00 IB 10/1500 10/1459 10/1900 2A 10/1700 11/0459 11/0900 28 10/1700 11/0659 11/0900 3 n/0700 11/1159 11/1400 4 11/1200 11/1459 11/1700 AC* GARNET 14N 12/21:00 IB 10/1500
        2,042 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        232 39 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: Christmas Day. Korea: Christmas Day. Taiwan: Constitution Day. Dec 26 Canada: Boxing Day.
        232 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        820 39 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change and
        820 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        617 39 Carbon 180 Mat 990.7 0.7 12.9 0.10 79 0.03 Nov 30 Density Water Residue Ash Aluminium Sediment No above E25 0 0 0 0 0 0 %M/M 380 Ave 987.2 0.2 12.9 0.06 26 0.02 Exxon 380 Max 992.3 0.8 15.8 0.09 70 0.03 KG/M'3 v/»
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        Lock icon JAL to boost services to Seoul
        175 40 Bloomberg [TOKYO] Japan Airlines Co, Asia's largest carrier by sales, said it will increase seat capacity on flights between Tokyo and Seoul by a fifth in response to increased demand. "JAL will increase the number of weekly flights from Tokyo to Seoul from seven
        Bloomberg  -  175 words
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        Lock icon Ansett cuts bid threshold for Hazelton
        120 40 Reuters [WELLINGTON] Ansett Australia has reduced the minimum acceptance level in its bid for regional carrier Hazelton Airlines to 50.1 per cent from 90 per cent previously, Ansett's parent Air New Zealand said yesterday. Ansett had also reconfirmed its offer of A 51.35 per
        Reuters  -  120 words
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        Lock icon Qantas denies takeover attempt
        65 40 SYDNEY) A Qantas jumbo jet (left) sits next to its British Airways counterpart at Sydney s Kingsford Smith airport yesterday. Qantas Airways has rejected weekend media reports from Britain s Sunday Times newspaper which said the British Airways has entered into negotiations with the Australian government
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        Lock icon Airlines face lawsuits over blood-clotting risk
        473 40 ECONOMY CLASS SYNDROME Aussie law firm representing 10 people in first action of its kind in the world AFP [SYDNEY] At least five major airlines are facing legal action by passengers who suffered "economy-class syndrome", blood clots caused by prolonged sitting in cramped conditions,
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        Lock icon United Airlines, mechanics continue contract talks
        186 40 Bloomberg [CHICAGO] UAL Corp's United Airlines and the International Association of Machinists and Aerospace Workers negotiated through the weekend on a new contract for United's 15,000 mechanics and cleaners, the union said. The two sides, which began talks a year ago, returned to the
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        Lock icon Cathay, pilots in talks over rostering issues
        226 40 Pilots threaten to disrupt flights over holiday season Reuters [HONGKONG] Hongkongbased Cathay Pacific Airways said yesterday it was still in talks with the pilots' union to resolve a rostering dispute as aircrew threatened to disrupt flights over the holiday period. The Hongkong Aircrew
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        Lock icon MAS puts 5 A330s back into service
        187 40 AP [KUALA LUMPUR] Malaysia's national airline put five Airbus A 330 jetliners back in service yesterday after grounding them over the weekend as part of a worldwide directive issued by the manufacturer due to fears of damaged engine mounts. A spokesman for Malaysian
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          Lock icon Delta, Continental seek new flights
          125 40 Reuters [NEW YORK] Delta Air Lines Inc and Continental Airlines Inc both have asked the US government for the rights to a limited number of new flights to Buenos Aires, the airlines said. The requests came after the United States and Argentina reached a new
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          Lock icon Cambodia to have 2 more airlines
          103 40 Oana-Xinhua [PHNOM PENH] The Indonesian-owned Royal Khmer Airlines (RKA) and American-Australian backed Cambodian National Airlines (CNA) will become Cambodia's fifth and sixth domestic airlines as early as January 2001, according to the latest issue of the Phnom Penh Post. RKA spokesman Koy Samnang said
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          Lock icon Virgin Bine says ahead of budget target
          73 40 Reuters [SYDNEY] Richard Branson's Australian discount airline Virgin Blue said it was ahead of budget targets and its load factor was 78 per cent. "The airline is well ahead of all budget targets," chief executive Brett Godfrey said in a statement. "Our load
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          Lock icon Discount NZ airfares up 5.1% in Q4
          128 40 Reuters [WELLINGTON] Discount economy airfares from New Zealand have jumped 5.1 per cent in the past three months, according to a survey by American Express released yesterday. For the year, discount airfares rose 10 per cent for the year, the financial services company
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1645 40 CITY FLIGHT ETA FLIGHT ETD S***** 2359 Abu Dhabi GF248 0715 Fukuoka S0990 0130 Adelaide AN8229 2230 Guangihou C2353 2305 C2352 0910 LH6380 2230 $0804 1015 S0229 2230 Ho Chi Mlnh City AF255 2155 S0/VN174 1415 Amsterdam KL0837 1535 GA914 0120 AF254 1540 KL0844 0125 Hong
        1,645 words
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      719 30 I IMPORT ~1 NORTH AMERICA GULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) GULF KARACHI EXPRESS (GKX) VESSEL VOY LGB PKLANG VESSEL VOY JEA DMN KND """sK"™" OOCL CALIFORNIA 49W46 22/11 10/12 12/12 NYK VIRGO 40* 06 1? 07/12 09/12 17/12 PtO NEDUOYD DAMMAM 53E 13/12 14/12 16/12 24/12 OOCL NEW YORK
      719 words
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      776 30 nes slices represented by (i Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association ULY LINE MALE VESSEL Tvoy [h* Teta Peta p. klang spore male Empress Lily VO9OO 10/12 11/12 18/12 Princess Lily VO9OO 28/12 29/12 05/01 Empress Lily VOlOl 14/01
      776 words
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      1205 31 SAX SERVICE (DIRECT) Vtssa VOY SMEU LAX OAK DAI HOU CH OX MEM AJI NYC APIJADE 0241 08/11 23/11 28/11 28/11 28/11 28/11 28/11 28/11 29/11 29/11 AN GARNET 024E 15/11 30/11 05/12 05/12 05/12 ~05/T2 05/12 05/12 07/12 07/12 API SPINEL 024E 22/11 07/12 12/12 12/12 12/12 ***** *****
      1,205 words
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      1842 31 ((Stonier Service Hotline: HANJIN SHIPPING ilk I-1 6 Ms Evelyn Low Soles *****30 HANJIN SHIPPING (S) PTi ITD htlp //www honjm com BOOKING *****35 237 SALES *****24 238 DOCUMENT *****71 274 OPERATIONS *****50 251 MAIN LINE *****55 FAX *****45 (ft NO **********0 M TO NW USA CANADA USA CANADA* FDR
      1,842 words
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      289 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220-8558 SiNlQMft Aotlts: Malaysia: Modar. Sbippi.f Sdai Bkd Koderi Skippiag Ageaiics Pit ltd. Tel: *****50 Part Klaaj(Tal) 603-7177 77t7(Fai) 603-*****533 *1? *****16/***** IS P«f«k« Jordina Shipping A«a><ias Sd« Bkd L,,..// l.„ L. Pa.»»:(Tal) 04 *****60 (Fail
      289 words
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      1761 32 SENATOR LINES TO UK/CONTINENT TO MEUf IKKRANEAN/CANADA VESSEL VOY SIN LEH HTM AHR HAM BRV FIX VESSfI VOY "siN*" GIT SPt FOS ~VIC WTB CHOYANG ALPHA 0014W 1312 29.12 30 12 01 01 02 01 03 01 04 01 LONDON SENATOR 0946W 14.12 31 12 02 01 04 01 0101
      1,761 words
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      1067 32 m. A.m MAfc-MELft S'PflftC M'ftlA Carrier: MM CONTR LINES, INC p. gudang: (07) *****26 I HV/ J 1KW*****00C S»U: (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 HO CHI MINH HAIPHONG MV "HARI BHUM"
      1,067 words
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      689 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA (CFS MULUND. MUMBAI/COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vessel S PORE N SHEVA COCHIN COLOMBO PKLANG PU GLORY VIO2W 17 DEC 26 OEC 31 DEC 06 JAN TULSIDAS V.135 24 DEC 02 JAN 07 JAN 13 JAN FRONTIER V.103W 31 DEC
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      1820 33 [VESSEL VOY KHH HKG SIN PKI DXB BAB DMM BIK IRAN HORMOZGAN PCL-186 19/12 20/12 23/12 24/12 02/01 03/01 05/01 07/01 IRAN TEHRAN PCL-187 26/12 27/12 30/12 31/12 07/01 08/01 10/01 12/01 IRAN TABATABAEI PCL-188 02/01 03/01 06/01 07/01 14/01 15/01 17/01 19/01 IRAN KERMAN PCL-189 09/01 10/01 13/01 14/01
      1,820 words
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      1272 33 TO: COLOMBO EVERY MONDAY (I/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 LTD #12-00 SALES/BKGS *****57/43 INWARD DEPT (D/ 0) *****86 COSTAR AGENCIES (M) SDN BHD ICR NO: **********0 M SINGAPORE *****8 CONVENTIONAL
      1,272 words
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      1280 33 B EUROPE EXPRESS SERVICE export import rasa :YQY LML liH RTM ANR HAM BHV FUt VKSEL I VOY I RTM j HAM I FlI j ItH I UK CY ALPHA 014QW.12/12. 03/01 04/0) 05/01 07/01 HJLONDON 033£ 23/11 125/11 27/11 30/11 17/12 PUDONG SIN 016W 19/12 05.01 07/01 08/01; 09/01
      1,280 words
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      1262 34 KyyUiAtiUiiJft MEDITERRANEAN/BLACK SEA/EUROPE SERVICES EXPORT vtssa/voY*Gt 1»~ oo |vknJqis wo rdm bhv imp m uucuuoo7Mia» i7/i? 01^ ob/di &UJIfOO74OO7W 24/12 05/01 07/01 09/01 11/01 IQ/01 12/01 14/01 15/01 gUBfSSBOO7SOOSW 31/12 12/D1 14/01 1M)I ig/Dl 17/01 19/01 21/01 22/01 UUNnBOO7M)4* 07/01 19/01 21/01 73/01 25/31 2VDI frrtll 28/01 29/01 PmCO»H0077«)l» 14/01
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      1004 34 BANGKOK/MAP TA PMUT/LAEM CHABAMG JAK ART A/PAN JANG -HSStt *01 SIM IKK MTP IfM Vl&Stl vor SIN JKT PJN YAWTKA BHIjM m 12/12 14/17 15/12 WOJiL M 17/17 ~k7T? NANTHA BHUM S26N 13/12 17/17 16/12 MMIM litf 12Z12 17/17 Mis: IWN_J3ZI2 m is/12 HS jgnij Wb—^ 2 JMyrj «SN_JM2 !m
      1,004 words
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      34 34 rlz LIU 39-B NEIL ROAD, SINGAPORE *****3 CR NO. **********0G Muara Kota Kinabalu Labuan Kuching Miri Bintulu *Sibu *Also accepting project overlength/overwidth/ overfreight cargoes to other Asian ports. Tel: 227 2189 Fax: 227 3116
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      582 34 P&BHij INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE va _VOT (kg im m bk syd m hba adi ret POND ADCLAKX 33S OMIT 13/12 22/12 26/12 28/1? 30/12 APHVORT 32S 18/12 19/12 25/12 31/12 02/01 05/01 POTSDAM J>4s_ 25/12 26/12 05/01 07/01 09/01 12/0? MYKHMK 03S )1/01 02/01 08/01
      582 words
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      494 35 Mt MYANMA pHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 28SW SID HPA-AN 282W 16/12 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL Til 03-*****00 PKL HI 03-*****101 PEN: TEL 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A service of Andrew Weir Shipping) Vf"
      494 words
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      1469 35 HYUNDAI MERCHANT MARINE CO., LTD. IVKSB VOY SIN SOU I t£H I RTM I AHT I HAM IWV [VtSSB I VOY I SOU I 181 I RTW AKT HAH IWV I SIN V.564W 14/12 01/01 06/01 03/01 04/01 NOl CORAL V.0171 24/11 25/11 19/11 21/11 13/12 ULORIE V.538W 15/12 05/01
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      885 35 vOOv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT SERVICE" JVISSII I vor I W HiIGHT I SIW lIK I WAO MIA SAY QRF |WWj MM TAMPERE AHIOI 400 Tons 6.3 M 26/12 25/01 02/02 05/02 07/02 09/02 10/02 12/02 16/02 17/02 TEXAS AH 102 400 Tom 6.3
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      105 38 SINGAPORE PTE LTD W KYOWA LINE 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Fax: (65) *****66 Email: general@ecusin eculine net Website http//wwwecuiine net Djrect Breakbulk/Container/LCL INDONESIAN PORTS Service to Banjarmasin/Jambi/Palembang/ Man i la/G uam/Sai pan Panjang/Pontianak/Perawan/Pekan Baru Agents: V-Grow Shipping Pte Ltd Call: 220 3373 See Page 7 Daily
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  • Page 39 Miscellaneous
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      Lock icon Page 39 Miscellaneous Column 1
      125 39 LEGEND Issued by Meteorological Service Singapore Thunderstorm •l showers Y. R a j n Temperature c s-S wind direction and speed in knots Weather Cloudy Day £><J Hazy Sea Conditions Wind speed symbols S jght <•, 2m O Full circle w/o line indicates calm or light and variable winds -j—One
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