The Business Times, 10 January 2001

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Total Pages: 46
1 46 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet: http;/7business-times.asial .com.sg/ WEDNESDAY. JANUARY 10. 2001 85C
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  • 74 1 sn M 6&07 (4-16.87) BT-SBI 824.47 (+5.17) ST INDEX FUTUBES MTOOO (+12.00) SMSCI FUTUBES 257J0 (+2.10) STOCK MAMET INDICES Tuesday Change KLSECOMP ***** -0.46 NIKKEI 225 13,***** -257.1© HANG SENG 15,***** +44.06 SET INDEX 298J7 +153 JAKARTA COMP 41&27 -fliO MANILA COMP _1.531.82 +37.44 TAIPEI WPI W7«.l2_u+187.81 SEOUL
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  • 80 1 FOREX RATES us« ss US$ (S$ per US$) 1.731 £{US$/S$ per 1.496 1589 EURO(US$/S$/E) 0.947 1.639 DM 2.066 1.193 YEN 116.0 67.00 RM 1800 1195 HK$ 7500 4.505 BAHT 4196 24.81 RUPIAH 9,545 5,513 •S$ to 10() units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.87 .JAKARTA J9.00 BANGKOK 9.50
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  • 819 1  -  Some see growth falling below 5% as fears grow about US hard landing By. Anna Teo [SINGAPORE] Economists have this week cut their forecasts for Singapore's 2001 growth, even going below the official projection of 5 to 7 per cent, as fears grow about the
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  • 742 1 Reuters, Bloomberg [NEW YORK] Three major Wall Street forecasters have predicted that the US economy will grind to a halt this quarter and one of them said a full-blown recession in the first half of the year will snap the record expansion. Pointing
    Reuters,; Bloomberg  -  742 words
  • 260 1 but G10 central bankers upbeat FT (LONDON] Central bankers from the largest economies have delivered an upbeat message on prospects for the US and the world economy in an attempt to bolster confidence. After Monday's meeting of the Group of 10 (G-10) central bankers in Basle, Switzerland, Edward George, governor
    FT  -  260 words
  • 678 1  -  Major corrections also seen in most other categories By I Christopher Tan [SINGAPORE] It looks like Singaporeans' appetite for big cars has finally been satisfied. Or at least for now. The price of big-car COEs (above 1,600 cc) in the latest tender plunged
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    • 124 1 MSTOE Miiv7^ir]7nß IDSflw Top Stories A tale of two industrial parks is unfolding for Singapore. Pg 4 Thai Rak Thai reviews key economic laws. Pg 12 ""More reports US slowdown mostly healthy but Fed on high alert. Pg 18 US figures to confirm slowing of economy, Pg 18 Tokyo market
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    • 14 1 Car loan schemes offered not necessarily in breach of MAS guideline, Motoring Pg 15
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    • 37 1 In S'pore, we are more in what we do than in what we say. I r. b i BG Yco >~ s PSA's throughput Hits 17.04 m TEUs Shipping Times Pg 7 A Honda Civic Motoring Pg 16-
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  • NEXT page
    • ON THE grapevine
      • 146 2 CELEBRATED libel lawyer George Carman has lost his battle against prostate cancer. The 71-year-old star of 4-5 Gray's Inn Square retired from the Bar on the advice of his doctor in August last year. Mr Carman was born in Blackpool on Oct 6,1929, and
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      • 69 2 LAST weekend, The Business Times ran an online poll following the US Federal Reserve's surprise rate cut. The poll said that local banks should revise downwards their lending rates following the Fed's revision. This was how readers voted: ♦Yes, because the Fed is likely to lower
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      • 78 2 A STUDY published by the Shanghai Family Planning Research Institute has found that sperm count among Shanghai men has fallen 12 per cent since 1987. It appears that local sperm banks have also found fewer donors with a high sperm count and that only 20
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    • 672 2  -  Despite this, assets under management swelled by $lb to $7.88b By Genevieve Cua [SINGAPORE] Singapore unit trusts posted an average loss across the board of 15.75 per cent in their net asset values last year, thanks to the steep
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    • 522 2  -  Concerns emerge about potential impact on weak banking sector From, Anthony Rowley in Tokyo TOKYO stock prices plunged sharply again yesterday to approach a twoyear low as hopes faded that last week's rate cut by the US Federal Reserve will bring any rapid relief
      AFP  -  522 words
    • 600 2  -  Bat report warns it conld slip as others gain in new tech By Vikram Khanna [SINGAPORE] Singapore has been ranked the world's most globalised country in a study by international consulting firm, AT Kearney, published in the current issue of Wash-ington-based Foreign Policy magazine. However,
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  • Page 3 Advertisements
    • 100 3 PATEK PHILIPPE GENEVE Begin your own tradition. li J You merely i 1 r* n i Sculpture ref 5091/1 A look after it for the next generation byPatekPhilippe In exclusivity at <J) Cortina Watch Centre SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36 Tel: 339 9185 Fax: 339 1566.
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  • SINGAPORE companies
    • 593 4  -  Events surrounding HK-listed Hing Kong conld boost S'pore's stake in Shenzhen CyberCity From Quak Hiang Whai in Hongkong A TALE of two industrial parks is unfolding for Singapore. No sooner has the Singapore Government put the troubled Suzhou Industrial Park behind it than
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    • 599 4  -  Thomson-CSF, the offeror, has received 49.7% acceptances By David Boey THE advisers to the independent directors of Avimo Group has asked its minority shareholders to reject a takeover offer from Thomson-CSF to buy their shares at $3.71 apiece in cash. Thomson-CSF's conditional cash offer, which
      RICHARD CHNG; Source: Bloomberg  -  599 words
    • 609 4  -  locksiew angela tan BACK in 1999, a local printing firm changed its name to i-One.Net to reinforce its ambition to become a serious e-commerce player. Having a dot after one's company's name then often triggered analysts' upgrades and stock revaluation, regardless of whether the
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    • 442 5  -  Rise in contribution from less cyclical logistics business gets thnmbs-up By\ Siow Li Sen NEPTUNE Orient Lines (NOL) shares rose sharply in heavy trade yesterday on news that it will be buying GATX Logistics, the second largest warehouse-based contract logistics company in
      Source: Bloomberg  -  442 words
    • 359 5  -  By] David Boey CHEERED on by better-than-expected fourth-quarter earnings unveiled on Monday, Singapore Technologies Engineering shares closed five cents higher at a nine-week high of $2.82 yesterday. Despite the stronger earnings and prospects for 20 to 25 per cent growth this
      Source: Bloomberg  -  359 words
    • 193 7 DBS Bank is selling a warehouse at 66 Kallang Pudding Road as part of its divestment programme. The freehold, six-storey building has a net floor area of 39,736 sq ft and gross floor area of 47,683 sq ft. It is designated for light-industrial use, with a
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    • 387 7  -  Having merged with OAC, it also wants to grow its asset base tossobby then By Ling Su Ann GREAT Eastern Holdings, one of Singapore's largest insurers, is targeting a net profit of $500 million and asset base of $50 billion by 2008. The
      ONG WAN SHU/ST  -  387 words
    • 386 7  -  Water treatment specialist offers 6m shares to the public By Rachel Ong HOMEGROWN Hyflux Ltd, a specialist in integrated treatment systems for advanced water treatment and membrane filtration, launched its initial public offer (IPO) of 39.47 million shares at 32 cents a
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    • COMPANYBriefs
      • 65 7 LEE Ek Tieng has been appointed to the board of Fraser Neave Ltd as a non-executive director. Mr Lee was formerly the head of Singapore's civU service. He also chaired the board of Temasek Holdings and the Public Utflities Board, and is currently a
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      • 43 7 Reuters HORIZON.COM Ltd has asked that trading in its shares be suspended for the morning session today, pending an announcement. Analysts said it would probably announce a new partnership. Its shares closed up six cents at $1. —Reuters
        Reuters  -  43 words
      • 33 7 Reuters NETWORK systems integrator Datacraft Asia said it has won a US$l.4 miUion (552.4 million) contract to upgrade the communications infrastructure of ThaUand's Telephone Telecommunication Public Co Ltd.
        Reuters  -  33 words
      • 57 7 AFX-Asia FEDERAL International (2000) Ltd said its unit, Federal Hardware Engineering Co Pte Ltd, has signed a procurement contract worth an estimated US$l2 million (5520.8 million) with PT Gunanusa Utama Fabricators. Federal will supply piping materials and fittings, structural steels and rolled cans and
        AFX-Asia  -  57 words
    • 222 7 SINGAPORE Power Ltd, Singapore's main electricity supplier, is asking investment banks to pitch for the job of managing its first-time share sale, one of the biggest from the city-state slated for this year. The invitation signals the government's resolve to resume
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    • 162 7 SINGAPORE Press Holdings has announced the retirement of its group deputy president, Denis Tay. Mr Tay, 60, wiU retire from the company on March 16, after 37 years of service, SPH executive chairman Lim Kim San said in a note to staff yesterday. AU
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    • 429 4 □avimo AVIMO GROUP LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT MANDATORY CONDITIONAL CASH OFFER BY THOMSON-CSF INVEST SAS The Board of Directors of Avimo Group Limited ("Avimo" or the "Company") wishes to announce that the Company has on 8 January 2001 issued a circular to the shareholders of Avimo
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    • 26 4 GOLF TOWN 40,000 square feet of International Brands Golf Merchandise Location: Level 4 (above Best Denki), Marina Square All major credit cards accepted Tel: 336 5009
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  • Page 5 Advertisements
    • 126 5 Wharton |y The Wharton School UNIVERSITY University of Pennsylvania 1 Asia s newest university. The Singapore Management University, Direct enquiries and applications to provides cutting-edge executive education. Together with the Wharton School of the University of Pennsylvania, America's Ms Kuo Pey Juan top-ranking business school, SMU offers valuable expertise and
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  • SINGAPORE markets
    • 651 6  -  l-l I comment YOUR MONEY r. sivanithy BUT for the banks, Sing Tel and a handful of other stocks such as Datacraft, SPH and NOL, traders would have had precious little to do yesterday. There was no real direction from Wall Street
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    • 186 6  -  WARRANT WATCH By: R Sivanithy A COUPLE of days ago we featured UOL's 2004 warrant in this column on the basis that there could be a play on the counter when UOB sells out. However, there's another UOL warrant which expires
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    • 234 6  -  HOT STOCK Wong' Wei Kong SINGTEL shares climbed in active trading yesterday after the telco announced a major regional investment. The counter gained six cents to close at $2.66 with 14.2 million units done the session's second most heavily traded issue. The stock opened at
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    • 119 6 AVIMO Group will hold its AGM on March 5 at 11.30 am, The Regent Singapore, Tanglin IV, Level 2,1 Cuscaden Road. The company also announced the resignation of its director Richard John George Clarke. The resignation is effective from March 5. ♦ROYAL Clicks has appointed Thavaneson Selvaratnam as
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    • 528 6 Stocks Volume PCI 25c 17,557,000 SingTel 15c 14,239,000 PacificCenturylOc 12,871,000 Omni Ind 10c 11,786,000 NOL 8,895,000 OUB DB eCW*****3 7,105,000 Chart Semiconductor 26c 5,774,000 TPA 10c 5,534,000 Briertey NZ10c 5,216,000 Roly IntUSIOc 5,143,000 Stocks DBS Grp 84,197,115 SPH 39,916,650 SingTel 15c 37,767,523 SIA 36,226,570 Omni Ind 10c 31,290,372 (JOB 30,957,000
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  • Page 6 Advertisements
    • 88 6 1 HYFLUX LTD (Incorporated in the Republic of Singapore on 31 March 2000) INITIAL PUBLIC OFFERING OF 39,470,000 INVITATION SHARES COMPRISING 6,000,000 OFFER SHARES AND 33,470,000 PLACEMENT SHARES AT $0.32 FOR EACH SHARE Application for the Shares may be made on printed Application Forms referred to in the Prospectus dated
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    • 15 6 Larry Wee's currencies column appears on Page 28 A A 4 4 nnrl 011 l
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  • Page 7 Advertisements
    • 383 7 SPEECHES INSPIRE PEOPLE. If f IN 1965, ONE INSPIRED A NATION. '||l r For many, it's the anguished flaoe of a man, tears streaming down his cheeks on national ll® tgHflslon, that epitomises Singapore's bid for freedom. To others, It's the same figure on v; steps of City Hall. Jubilantly
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  • TDB INTERNATIONAL day 2001
    • 389 8  -  Chuang Peck Ming EUROPE is the next target for Singapore as it seeks to negotiate free trade deals. "We would also like to establish free trade (agreements) with Europe," Trade and Industry Minister George Yeo said yesterday at the annual TDB International
      RICHARD CHNG  -  389 words
    • 445 8  -  Companies with paid-up capital of above $500,000 will be required to join By I Chuang Peck Ming THE super business chamber that will give Singapore's corporate community one big voice will also have legal bite membership will be compulsory for many firms. Trade and Industry
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    • 298 8 ASIA will see slower economic growth this year but it will still outperform the rest of the world, thanks to healthy intra-trade and domestic spendings, said P K Basu, Credit Suisse First Boston's chief economist for Southeast Asia and India. The 4-5
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    • 381 8  -  Corporate members urged to join any of 10 founding associations By' Vince Chong IT is the right move forward, declared Singapore business associations on the enactment of the Singapore Business Federation (SBF) as the fulcrum business body. A Parliament bill to recognise
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    • 1547 8 National Westminster Bank Pic Head Office: 41 Lothbury London EC2P 2BP England SinaaDore Branch: 50 Raffles Place, #08-00, Singapore Land Tower, Singapore *****3. Tel: *****00 Telex: RS ***** Fax: *****27 Dealing Room Sales Desk Tel: *****77 Telex: RS ***** Consolidated Balance Sheet I Consolidated ProfltandLossAccouni at 31 December 1999 ,or
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  • SINGAPORE news
    • 680 9  -  Some basic parameters for talks still to be sorted oat Btf Yang Razali Kassim [SINGAPORE] Singapore and the United States are still some way from meeting the Jan 20 deadline for a free trade agreement (FTA), if comments by Singapore's lead
      FILE PHOTO  -  680 words
    • 502 9  -  Liberalisation has led to its reclaiming the No 1 spot By' Teh Hooi Ling SINGAPORE has reclaimed the top spot in the Asia-Pacif-ic Telecommunications Index, signalling it as the most competitive telecommunications hub in the region. Market liberalisation which
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    • 299 9  -  on the economy gdp growth Byl Anna Teo A SHARP drop in external demand, especially for electronic goods, will cut Singapore's GDP growth to 4.5 per cent this year, says JP Morgan Chase. But growth should recover to 5.5 per cent next year,
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    • 280 9  -  Firm has taken np 66,000 sq ft of space; rent not disclosed By\ Marissa Chew HEWLETT-PACKARD has taken up some 66,000 sq ft at PSA Building, which necessitated PSA Corporation to move staff out of their offices there. PSA declined to reveal the
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    • 798 9  -  I=ll comment ASEAN Japan is likely to seal S'pore I"TA before US yang razali kassim TOMMY Koh is a first-rate diplomat and negotiator. But these past few weeks, the am-bassador-at-large talks in a hurry and walks with a concerned look on his
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    • 82 9 CRp gerald genta 'A I Jll :W I 4 vPp] fm\ J\ZIRQ SPORT "The simplest of the complicated watches" SINGAPORE THE HOUR GLASS Takashimaya S.C. Tel 734 2420 Scotts S.C. Tel 235 7198 Lucky Plaza Tel 733 1262 Peninsula Plaza Tel 337 8309 Raffles Hotel Arcade Tel 334 3241 Millenia
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  • EDITORIAL & opinion
    • 723 10  -  OPINION I7TT4 bottom line chet currier Chet Currier is a Bloomberg News columnist LOSING money in a falling stock market is bad enough without burying yourself under a mountain of recriminations afterwards. Many investors are at risk of that compound error right now as
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    • 138 10 Those who gain market share call it exploiting the competitive advantage. And those who lose call it harmful.' Prime Minister Owen Arthur of Barbados on small nations singled out by rich countries as secretive offshore tax havens. Barbados is one of 15 Caribbean countries on a blacklist
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    • 628 10 EDITORIAL IT will require informed judgement as much as "vision" on the part of Asian and European finance ministers if they are to make a success of bold schemes for regional integration when they meet on Jan 13-14. Their agenda for the meeting in Kobe,
      628 words
    • 1196 10  -  Move leads to a power shift from bureaucrats to politicians and new Cabinet Office From< Anthony Rowley The writer is BT's Tokyo correspondent in Tokyo JAPAN this week began what some regard as the real start of the new millennium by radically reshaping its government
      REUTERS  -  1,196 words
    • 680 10  -  COMMENTARY By\ Robert B Reich THE bitter 2000 election is over, and every politician in the United States is making overtures to the other side in an orgy of conciliatory blather. They're using nice words that the American public needs and wants to hear.
      680 words

  • MALAYSIA news
    • 433 11 KUALA LUMPUR Electronics producers scale back due to the slowing US economy Bloomberg MALAYSIAN industry expanded at its slowest pace in 17 months in November as electronics producers scaled back in response to the slowing economy in the US, a major
      Bloomberg  -  433 words
    • 248 11 KUALA LUMPUR Bloomberg SAMSUDIN Abu Hassan, chairman of construction company Mitrajaya Holdings Bhd, has become the latest in a string of Malaysian tycoons to be bailed out by their publicly traded companies. Mitrajaya said it agreed to buy the remaining 40 per
      Bloomberg  -  248 words
    • 310 11 KUALA LUMPUR AP TWO key Malaysian opposition parties have spurned Prime Minister Mahathir Mohamad's offer for talks to heal a rift among the dominant Malay Muslim ethnic group that has long formed his power base but is increasingly deserting him. The rejection was
      AP  -  310 words
    • 79 11 [KUALA LUMPUR] Dzaiddin Abdullah, the new chief justice of Malaysia (left), chatting with newly appointed Ainum Mohd Zard, the first Malaysian woman attorney general ofMalaysia, at the federal court house in Kuala Lumpur yesterday. Mr Dzaiddin, 63, seen as a reformer, who took office as
      AFP  -  79 words
    • 474 11  -  Some call for no time limit on foreign ownership policy From', Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S three-year extension of its liberal foreign ownership policy in manufacturing announced on Monday is a testament to its commitment to encourage and promote foreign
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    • 42 11 Sie^ns SL4S/6688 with MP3 player. 'jI rmm*' 'SI rsPBBH| 1 (We all need a bit of inspiration sometimes.) J Q_J O O 0 CO 1 6 I BUILT-IN MP3 PLAYER 32M8 EXPANDABLE MEMORY DtGiTAL VOICE RECORDER ORGANISER WWW.siemBßS.C6m/sf4s BES OB,LE S"®! Handphone
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  • REGIONAL news
    • 389 12  -  Move sparks worry that bankruptcy laws would be amended to favonr debtors From, Harish Mehta in Bangkok THAI prime minister-designate Thaksin Shinawatra's party is reviewing key economic laws passed by the outgoing Democrat government in agreement with the International Monetary Fund as it
      AFP  -  389 words
    • 423 12  -  This is pending a rilling on turning the island into a free trade zone From Shoeb Kagda in Jakarta MUCH to the relief of foreign manufacturers, Indonesia has decided to hold back for a year value-added and other luxury taxes for Batam, pending
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    • 148 12 TOKYO Bloomberg INDONESIAN President Abdurrahman Wahid said food products made by Ajinomoto Co's Indonesian unit meet Islamic standards, contradicting a ruling by the country's religious authority that the products, made with pig byproducts, are forbidden. The president "has told me that Ajinomoto's product is
      Bloomberg  -  148 words
    • 130 12 MANILA Bloomberg GOLDMAN Sachs Group and five other banks are vying to advise the Philippine government on the best way to dispose of its 27 per cent stake in San Miguel Corp, the nation's biggest food and beverage company, a senior
      Bloomberg  -  130 words
    • 314 14 TAIPEI Goldman Sachs, Taiwan partner to invest NTslob Bloomberg GOLDMAN Sachs Group Inc and a Taiwan partner will invest more than US$3OO million (*****.2 million) buying bad loans from banks struggling to clean up balance sheets prior to a round of state bank-led
      Bloomberg  -  314 words
    • 525 14 Ifce est has reduced the possibility of the economic slowdown taming into a recession Reuters [BASEL] Last week's interest rate cut by the US Federal Reserve has brightened the economic picture for Hongkong, chief executive of the Hong Kong Monetary Authority (HKMA)
      Reuters  -  525 words
    • 144 14 LONDON AFP THE British Broadcasting Corporation (BBC) has been granted a licence to broadcast in China, the Financial Times reported yesterday. The move, which will allow the BBC World television news service to be broadcast in hotels and foreign residential apartments, marks a thaw in
      AFP  -  144 words
    • 458 14  -  Move follows stock's rise after last week's rate cat From Audrey Tan in Hongkong ROBERT Ng's Sino Land is seeking to raise as much as HK$l.l7 billion (*****.6 million) in a share placement to institutional investors, a move which analysts say will
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    • 304 14 BEIJING AFP THOUSANDS of once profitable state-owned Chinese companies have sunk into the red over the past few years despite much-touted efforts to make the state sector more competitive, a top official admitted yesterday. By the end of November, China had 3,000
      AFP  -  304 words
  • Page 12 Advertisements
    • 156 12 Without our traps, The computer age is certainly putting the world at your fingertips. quick click of the mouse and a stranger can electronically burrow his way into \our home or office, without so much as a squeak. I he question is. how to keep the rats at bay without
      156 words
    • 86 12 YOUR VIRTUAL FINANCE MIS .DEPARTMENT PTMC Outsourcing Pte Ltd "Pr*io T. 773-9015! 773-4515 www ptmc.com.sg Since 1975 our worldwide staff of over 275 multi-disciplined professionals Ufc Y including lawyers, chartered accountants. a V chartered secretaries and bankers have 4 a provided confidential and cost effective company formation in all the
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  • Page 13 Advertisements
    • 143 13 Announcing The Arrival Of Dotcom Asia 2001 The Premier Exhibition For Internet-Related Businesses... COM ASW The Internet Exchange www.dotcom-asia.com.sg Events N Exhibits is pleased to announce the official launch of Dotcom Asia 2001 today at The Ritz-Carlton, Millenia Singapore, The Grand Ballroom (Level 1), from 2.00pm to s.oopm* Representatives from
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  • Page 14 Advertisements
    • 164 14 projecteyeball. Would you pay We pay $110 for our annual I I sm television licence. Part of it goes I I 1J |1 M B to the funding of local I I H programmes such as Spin. But I I W|M aia Afi are such shows worth the good I
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  • MOTORING
    • 739 16  -  Kah Motors has decided to bring in the environmentally friendly version of the popular Civic. And the Insight as well. CHRISTOPHER TAN has the details CHRISTOPHER TAN HONDA distributor Kah Motor will import a dual-power, hybrid version of the Civic later this year.
      739 words
    • MOTORING
      • 847 15  -  CARI^M!! Release of record high COE quotas dampened the secondary market as buyers decided in favour of new vehicles christopher tan WHILE 2000 was a bumper year efor new-car agencies, usedcar traders saw another slow period. And things don't look like they'll turn any time
        FILE PHOTO  -  847 words
      • 292 15 Schemes offered not necessarily in breach of MAS guideline [SINGAPORE] More and more car loans are exceeding the 70 per cent limit laid down as a guideline by the Monetary Authority of Singapore (MAS) some five years ago. A check by BT found that
        292 words
      • BUMPER to BUMPER
        • 57 15 CET Technologies has landed a $6.4 million contract to develop the Junction Electronic Eyes System (J-Eyes)— an intelligent incident management programme that provides visual monitoring of all major traffic junctions. The 18-month contract will involve installation of cameras at 100 junctions. J-Eyes will be integrated
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        • 53 15 GERMANY'S BMW showcased an uncharacteristically zany concept at the Detroit Motor Show at the weekend. Called the X Coupe (above), the all-wheel-drive sports car features what BMW calls a "flame design". Boasting an asymmetrical shape wrapped in aluminium, the X Coupe is supposed to reflect a
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        • 93 15 RENAULT'S factory at Flins in northern France would be the "logical" site for making Nissan Motor's Micra (March) subcompact if production is shifted out of the UK, a high-cost location. Bloomberg reported Nissan will decide by the end of the month whether to
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        • 83 15  -  Compiled by Christopher Tan THE Expo MRT station is open today. The futuristic station with a titanium roof sits between the yet-to-be-completed Changi Airport station and Tanah Merah station. Shuttle train services will run between Tanah Merah and the new station. Train operator SMRT has
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      • 702 15  -  Commissions can go np to $2,000; margins, np to $200,000 for new cars, $30,000 for used cars All reports by Christopher Tan [SINGAPORE] If that friendly car salesman seems ever ready to assist you in trading in your old car, he has
        702 words
      • Article, Illustration
        1418 15 Average open market value (OMV) of cars rsgGteredin November. MODEL/MAKE CC AVEOMV® ALFA ROMEO A156 2.0 1570 ***** ALfiA ROMEO A156 2.0SW 1,970 26,900 ALM ROMEO A156 25 2,482 26,111 AUA ROMEO A166 3.0 2569 38,413 AUDI A31 6A3DR 1586 18.741 AUDIA31.6A5DR 1505 ***** AUDI A41.6A40R 1586
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  • Page 16 Advertisements
    • 59 16 VOLVO for life IS IT A SEDAN? OR IS IT A COUPE? WELL, YES. VOLVO S6O 250 bhp or 180 bhp engine 5 speed gearbox Integrated GSM phone Dual stage airbags WHIPS (Whiplash Protection System) SIPS (Side Impact Protection System) IC (Inflatable curtains) Wide track for superior road holding and
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  • e-NEWS
    • 233 17 Q BANGALORE Reuters INDIAN computer software blue-chip Infosys Technologies Ltd yesterday reported third-quarter net profit "surged 125 per cent to 1.66 billion rupees (5559.8 million), matching expectations. Total income for the Octo-ber-December quarter jumped 136 per cent to 5.52 billion rupees,
      Reuters  -  233 words
    • 339 17 SCHAUMBURG, Illinois Microchip orders and mobile phone profits are down Bloomberg MOTOROLA Inc, the No 2 maker of cell phones, is expected to report lower fourthquarter earnings today because microchip orders slowed and profit in its mobile phone unit fell. Analysts expect profit
      Bloomberg  -  339 words
    • 288 17  -  FYorrii Audrey Tan in Hongkong BARELY a week after it agreed to pay more for a US$4.7 billion (SsB.l billion) loan to refinance its takeover of Cable Wireless HKT, Pacific Century CyberWorks said yesterday that it will also raise interest margins on a
      AFP  -  288 words
    • 405 17 SANTA CLARA Faltering advertisement sales seen hitting Q4 earnings Bloomberg YAHOO! Inc, owner of the website used most often to search the Internet, is expected to show slowing profit growth this week when it reports fourth-quarter earnings, as advertising sales falter. Analysts expect
      Bloomberg  -  405 words
  • Page 17 Advertisements
    • 44 17 d© I /systems. solutions. success/from Accenture Microsoft IF If VI l/01/l I Ol V* I I V V<i I Avanade Asia Pte Ltd 238 A Thomson Road #25-01 Novena Square Office Tower A Singapore *****4 Tel: (65) 394 7888 Fax: (65) 394 7777 http://www.avanade.com
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  • US slowdown
    • Article, Illustration
      866 18 Still, the Fed is on guard for signs of excessive US economic weakness Reuters THE US economic slowdown under way is "mostly healthy", the president of the Federal Reserve Bank of Atlanta said on Monday, but another regional Fed president said separately the central bank will be on
      Reuters  -  866 words
    • 808 18 AFX ECONOMIC data to be released in the coming week is expected to confirm a sharp slowing of the economy in the fourth quarter, and raise the chances of a further rate cut by the Federal Open Market Committee (FOMC) at its meeting
      AFX; AFP  -  808 words
  • Page 18 Advertisements
    • 24 18 ij r Credit Lyonnais Webcast I jaNßfig SBB H Ihe ,m,m **wmmamtmtkmw■iHHiiii■•maaaMMmmMMMMMMWHMmmmmMMMMM■■■■■■■■■■■■■■■V I FRFF WFRPfIST" I "SIIKMK -MINKS IIII?" I ON LINE, WWW.CLWXNRANTS.CNM I
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  • WORLD news
    • 551 19 WASHINGTON This applies to all bat largest stocks, but investors get speedier executions on Nasdaq Bloomberg INVESTORS can expect to get better prices on the New York Stock Exchange than on the Nasdaq Stock Market for all but the largest stocks, a Securities and Exchange
      Bloomberg  -  551 words
    • 320 19 SAN FRANCISCO Reuters THE number and value of venture capital-backed initial public offerings in the US dropped more than 70 per cent in the past quarter to the lowest level in two years, reflecting a continuing tightening in the capital markets, according
      Reuters  -  320 words
    • 549 20 HELSINKI Its sales rise 64% to 128 m; shares of cell phone companies slnmp on news Bloomberg, Reuters, AFX-Asia THE world's largest mobile phone maker Nokia Oyi yesterday said it had lower-than-expected handset sales last year. The statement on the eve of rival Motorola's
      Bloomberg,; Reuters,; AFX-Asia  -  549 words
    • 438 20 BASEL BIS wants to buy back all shares from private shareholders Reuters CENTRAL bank shareholders of the Bank for International Settlements (BIS) voted unanimously on Monday to buy back all shares from private shareholders, ignoring threats of a legal challenge. The BIS, an international
      Reuters  -  438 words
    • 81 20 [KHARTOUM] Sudanese workers in front of the Royal Pyramids ofMeroe in Sudan's northern desert, some 300 km north of Khartoum. These distant relatives ofEgypt's Great Pyramids are 2,000-year-old royal tombs with the larger pyramids devoted to the kings and the smaller ones to the nobles of Meroe who
      AFP  -  81 words
    • 356 20 BEIJING Bloomberg CNOOC Ltd, China's No 3 oil company, will start formal presentations for its US$l.3 billion (552.3 billion) share sale in early February before they begin trading in Hongkong and New York two weeks later, documents from a bank helping to
      Bloomberg  -  356 words
    • 220 20 NEW YORK Reuter GOLDMAN Sachs Group Inc, one of Wall Street's premier investment banks and a top underwriter of new stock offerings, was hit by trading losses of up to US$3O million (5551.9 million) during its August stock sale, the Wall Street Journal reported
      Reuter  -  220 words
    • 156 20 FRANKFURT AFP THE number of corporate mergers and takeovers around the world rose to a new record last year, the financial services firm Thomson Financial said in a report published here on Monday. Some 37,000 mergers were announced last year, with an estimated
      AFP  -  156 words
    • 273 20 SEOUL H&nvit among those hoping to recover some of their loans Bloomberg HANVIT Bank and other Samsung Motor Inc creditors intend to sell 669.3 billion won (Ss92o million) of Samsung Life Insurance Co shares to recover some of their loans to the failed automaker. Creditors
      Bloomberg  -  273 words
  • Page 19 Advertisements
    • 772 19 You've found a way to succeed. Now learn to find another. °f Michigan Business School Join us in Asia 2001 to find solutions to your business problems II Tke Michigan Business School jp has 75 years of history delivering effective solutions to top business executives Singapore Strategic Marketing Planning February
      772 words

  • Page 20 Advertisements
    • 46 20 CALL □lETHEI-M OFFICE FURNITURE You'll be surprised how affordable we can be! HOTLINE: 473 4864 MAIN OFFICE SHOWROOM No. 6 Lock Road, Gillman Village Tel: 476 1788 Fax: 472 5827 CITY SHOWROOM #01 -05 Ocean Building, 10 Collyer Quay. Tel: 538 9800 Fax: 538 865 I
      46 words
    • 20 20 Lianhe Zaobao I Why does I IStarhub I I— raise I HNDDOIB telephony charges I Ik I ri IDD018I&1 I
      20 words

  • NewAsiaBizWoman
    • 377 21 China's matchmaking agencies are doing a lucrative business AFP [BEIJING] Matchmaking agencies are mushrooming in China, but as well as helping lonely hearts find their perfect mate, they are also doing a thriving business helping married people find lovers. The problem, which is found in
      AFP  -  377 words
  • Page 21 Advertisements
    • 672 21 To advertise call toll-free 1800-741 1883 nV JL 11/JblM Fax No 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEER TECHNOLOGIES SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.so, that
      672 words
    • 672 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARMENTER ASIA-PACIFIC PTE LTD (INCORPORATED IN SINGAPORE) (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF SPECIAL RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held at 80 Marine Parade Road #09-08 Parkway Parade
      672 words
    • 343 21 18th January 2001 Holiday Inn Park View 9.00 am 5.00pm Conducted By: PROF. TORE BTRANDVIK DIRECTOR OF CENTRE FOR RELATIONSHIP MARKETING AND SERVICE MANAGEMENT (CERS) HELSINKI, FINLAND FEES: S$ 490.00 nett per participant (Inclusive of lunch, 2 coffee breaks, training materials and Certificate of Attendance) COURSE CONTENTS The Cornerstones of
      343 words

  • FINANCE & commodities
    • 272 22  -  SGX Derivatives fadingReport CT inHffr Lau Chee Keong Refco Singapore THE Singapore stock market yesterday closed higher on foreign buying of interest rate-sensitive financial shares as well as improved outlook for the technology sector. The benchmark Straits Times Index gained 0.86 per cent or 16.87
      272 words
    • 232 22  -  MSCI Taiwan Index Lau Chee Keong Refco Singapore THE Taiwan stock market closed on a positive note yesterday as foreign institutions continued to accumulate shares. The return of bar-gain-hunters also boosted the market. Technology stocks led the market higher ahead of the release of key
      232 words
    • 167 22 ENERGY REPORT Reuters [LONDON] Oil prices steadied yesterday after a bout of selling late on Monday lopped more than 60 US cents off a barrel of crude as the market factored in expectations that the Organisation of the Petroleum Exporting Countries (Opec) producers' cartel will slash
      Reuters  -  167 words
    • 339 22 Reuters London THE euro abandoned sixmonth peaks against the US dollar and 10-month highs versus the yen yesterday, shedding more than 0.5 per cent against both currencies on the day as profit-taking emerged after recent sharp gains. The single currency has recovered more than 15 per cent since
      Reuters  -  339 words
    • Article, Illustration
      1243 22 All-series Maturities>ayr. Short 1-3yre, Long >3yrs| mTBRBAlfE CROSS RATES Jan9 AS CS Rmt Euro FTr Dm HK$ Ind t« HwplH Yon Wow KM HZ$ Pafc 1$ Pt»o S$ Band Sfr NT$ Baht Pound US$ Australia 0.843 4.683 0.596 3.909 1.166 4.401 26.336 53.858 0.654 7.097 2.144 1257 33.319 28.749 0.977
      1,243 words
    • 1897 22 SICOM FUTURES Jan 9 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACT (S cents/kg) Close Volume Opm Month High Low Sett (tonnes) Interest Feb 01 ***** Mar 01 W6.00 1950 Apr 01 107.50 100 May 01 110.00 100 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes)
      1,897 words

  • STOCKS east asia
    • 2896 23 ma* mt ss worn mwmmmmmmm HONGKONG AFP 1 Hang Seng *64,06 HONGKONG share prices rose 0.4 per cent yesterday with sentiment remaining positive on expectations of further US and local interest rate cuts, dealers said. The key Hang Seng Index
      AFP  -  2,896 words
    • Article, Illustration
      1076 23 Reuters O Shenzhen B Index -LOS CHINA'S hard currency B shares fell yesterday as investors trimmed holdings in television makers and other companies expected to post poor 2000 results, brokers said. Shanghai's B share index fell 0.71 per cent to 86.34. Turnover was down to U5529.48 million from U5534.46
      Reuters; Source: Credit Lyonnes Securites (Asia) Ltd  -  1,076 words
    • 371 23 AFP Qwprndm ♦187.61 TAIWAN share prices closed 3.6 per cent higher yesterday on strong buying by local and foreign institutional investors, dealers said. The Taiwan Stock Exchange Weighted Price Index surged 187.61 points to 5,376.12, following a 2-per cent decline in the previous session. Yesterday's volume was NT5110.74 billion
      AFP  -  371 words
    • 2077 23 TOKYO AFP «u« SHARE prices in Tokyo closed 1.9 per cent lower on Tuesday because of rising concerns about a slowdown in the US economy, dealers said. The Tokyo Stock Exchange's Nikkei--225 index fell 257.10 points to finish at 13,610.51. The Topix of
      AFP  -  2,077 words
  • Page 23 Advertisements

  • STOCKS klse
    • 434 24 AFP P Composite Index -0.46 MALAYSIAN shares closed marginally lower yesterday on profit-taking in some blue chips, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended down 0.46 points at 674.54, up from the day's low 0f664.88. The Second Board index lost 1.43 points
      AFP  -  434 words
    • 9076 24 INDUSTRIALS Consumer products 2001 Last Vol Day Net Cap High Low Company Sato 'OOP High Low P/E Smll Ajinomoto 310 17.0 125.6 40 31 Angkasa 33.5 -1.5 45 36 33.5 49.4 306 286 Apollo Food Hlg 300 5 11 300 300 6.5 120.0 332 308 Asia FMt 320 8 1
      9,076 words
  • Page 24 Advertisements
    • 30 24 I www.ce-infosys.com J Understanding her is probably the only thing B harder than cracking our Security. I *jk t fl v ifl IT Security Worldwide §k 1 "I 1 lilljp"
      30 words

  • SGX clob & regional stocks
    • 2816 25 BONDS WARRANTS Jans *t Wrats H—J limri 52 WMt Last Vat Day LntflMto KuM Ctm bar Mm Mtte HK)h Low Company Sato 000) Mfk La* My«r Mki Prtca (aMrita) tatt* Prfca La« 47 1.5 s Acma W*****4 1.5 1.5 2 2 41.0 1 300 343 45.33 6 26.5 2.5 s
      2,816 words
    • Article, Illustration
      734 25 AFX-Asia SET Index *153 THAI share prices closed higher yesterday on continued positive sentiment over the apparent victory of the Thai Rak Thai party, dealers said. The SET index closed up 2.53 points or 0.85 per cent at 298.37, off a high of 306.55 and a low of 295.56.
      AFX-Asia  -  734 words
    • 289 25 AFP Composite Index +37.44 PHILIPPINE share prices closed 2.5 per cent higher yesterday with the Philippine Stock Exchange Composite Index up 37.44 points to 1,531.82. Volume rose to 549 million shares worth 681 million pesos from 399.03 million shares worth 522.2 million pesos on Monday. AFP Jen 9 P»to
      AFP  -  289 words
    • Article, Illustration
      730 25 AFP D Composite Index -0.50 INDONESIAN share prices closed 0.1 per cent lower yesterday on profit-taking amid fears of clashes between supporters of rival political factions, dealers said. The Jakarta Stock Exchange Composite Index closed down 0.50 points at 415.27. The volume traded stood at 537 million shares worth
      AFP  -  730 words
    • 270 25 AFP PHBE-40 *14J7 NEW Zealand stocks closed up 0.7 per cent yesterday in light trading boosted by a rise in market leader Telecom Corp, dealers said. Telecom closed up eight cents at NZ$4.9B. The NZSE-40 Capital Index was up 14.07 points at 1,923.63 points on turnover of NZ$9O.5 million.—AFP
      AFP  -  270 words
    • 545 25 AFP Q All Ordinaries -18J0 AUSTRALIAN shares closed 0.6 per cent lower yesterday after falls in key blue chip stocks such as News Corp, BHP and Telstra, brokers said. The All Ordinaries index fell 18.1 points to 3,189.4, while the SP/ASX 200 index closed 19.4 points lower at 3,244.9.
      AFP  -  545 words
    • 315 25 AFP R Composite Index *127 SOUTH Korean shares rose 0.5 per cent yesterday with the index up 3.27 points at 589.92. Volume was 554.7 million shares worth 2.8 trillion won. —AFP Jao9 Won *h Anam Semi 4050 300 Brain Tech. 535 10 Central Bank 170 unch Cheil Com on
      AFP  -  315 words
  • Page 25 Advertisements

  • 10029 26 SGX MADTBOARD Transaction date: Jan 9 Cr Cr M Wt 52-Wk Last Vol Day Last Quota Olv Dlv YM Nat Cay Avg Hiqh Low Company Sala ('OOP) High Low Buytr Sajjar C'w H Pit $mH Prtca MULTI-INDUSTRY 158 65 mc Acma 50c 68 -0.5 21 68 67.5 67
    10,029 words
  • Page 26 Advertisements
    • 54 26 mmrnmrn I CortinaWaich Centre f Regional Agent. Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. avahabu AT: Singapore: 501 orChard KOad #03 ,0/n Whtt,0 k ck P, Singapore 2 *****. Tel: 238 6678 Fax: 238 6676. Raffles Chy mn.uISSSStJSS 1-32 Tel: *****68 temel htlp.//www.audcmarspiguet.com Millenia Walk #01-63/64 Tel: *****28
      54 words

  • Page 27 Advertisements
    • 713 27 Where to wine, dine and entertain../^ Absolutely the first card in the world 290 4545 j s mm Wah Lok Cantonese Restaurant Savour Sumptuous Dim Sum and Cantonese Dishes prepared by five Hong Kong Chefs. Opening Hours: 11.30 am to 2.30pm 6.30pm to 10.30pm (Mondays to Saturdays) 11.00 am to
      713 words
    • 50 27 FAVOURITES Enjoy local and Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar. 12:00 noon to 5:00 pm daily Weekdays: $22.80+++ Mezzanrie Weekends: $23.80+++ Reservations: 831-6286 Mandarin Singapore 333 Orchard Road. Singapore *****7. Tel: 737 4411 Fax: 732 2361 PONT/Ni 1 '-i. T|r? m> j, -iff 1
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  • Page 27 Miscellaneous
    • 966 27 i ne Business i imes, weanesaay, January i u, i r m il i central 8.00 Malcolm In The Mid- 6.00 Lain Ladang, Lain Be- LOO Headlines. liiSI t ifIdie. lalang. L02 Business Tonight. 0.00 AM Kids Central: Sesa- 8J0 Showbuzz. 6J0 Saiian: Masak Apa? L30 Cheer Up Japan (R).
      966 words
    • 320 27 CRYPTIC CROSSWORD ACROSS about vile prison (8) 1 Repudiate the highest scorer in jj can be dreary (6) a game (5-4) 6 J 27, feared interruption 9 Looks on acquiring foreign cur- rency as a bad thing (7) 7 With firm info rmatK>n the dhurch 10 Gointo any sale wtowi
      320 words

  • MONEY matters
    • 845 28  -  comment CURRENCIES Short-term picture for Asian units Is likely to be one of neglect larry wee LED by Wall Street, global bourses enjoyed a glorious year in 1999, got hammered badly last year, and are looking distinctly tricky —if not downright dangerous for at least the first
      Compiled by BT; Source: HypoVereinsbank  -  845 words
    • 920 28  -  Slower growth expectations, falling interest rates cited By Hsin-Li Chia The author is Asian markets strategist at JP Morgan Chase. This article is not an invitation to invest. BTand its contributors will not be held liable in any way.
      Source: JP MorganChase  -  920 words
  • Page 28 Advertisements
    • 218 28 xoO. D E MODAY If you're a golf enthusiast, make sure you visit the PRGR Demo Day special event. ZOOM'i ><J V We will be disclosing unique facts on revolutionary game improvement kitmtkjction of the power long V concepts, such as Head Speed and better personal club selection. iron zoom
      218 words

  • EXECUTIVEmoney
    • 835 29  -  With volatility and risk at an all-time high, our crystal ball doesn't seem to be working too well. Investors coming out of bombed out markets may do well to act defensively. By GENEVIEVE CUA GENEVIEVE CUA THE most pointed lesson that the Asian financial crisis was to have
      FILE PHOTO  -  835 words
    • 1106 29 Kim Teo, CMG First State Investments, CEO "I don't think anyone knows for sure whether this is the start of bull market or a hard landing. Even though rates have been cut, nothing may help. My take is a soft landing, middle I of the road. We've
      1,106 words
    • 543 29 Singapore fund sectors and how they fared RAHKED OVER 1 YEAR DEC 31, "99 DEC 31.'99 TOTAL DEC 29, '00 DEC 29, "00 LATEST FUND SINGAPORE FUND SECTORS CHANGE BENCHMARK CHANGE SlZE(m)(S$) 1 Sector Healthcare Global 33.13 MSCIACWIF Health Care 30.39 226.93 Money Market USD 9.40 '4HBMHBBBHHHMHHBT!
      543 words
  • Page 29 Advertisements

  • UNIT TRUSTS
    • 721 30  -  finatiQ has stationed a wizard at its portal to whisk up financial prognoses. But don't expect magic; this is strictly a financial planning tool, as LING SU ANN finds out LING SU ANN PINANCIAL planning doesn't always have to be a daunting and tedious exercise. In fact,
      721 words
    • 3808 30 Next publication date: February 7.20Q1 Fund 1 mth 3 mths 6 mths 1 year 3 years S years Micropal launch 30-11-2000 29-09-2000 30-06-2000 31-12-1969 31-12-1997 29-12-1996 star i date 29-12-2000 29-12-2000 29-12-2000 29-12-2000 29-12-2000 29-12-2000 ranking Asset Allocation Europe ABN AMRO Star Europe Bal N 28/04/1999
      3,808 words

  • PERSONAL INVESTMENT
    • 1025 31 STOCKIT.SSI The Fed's latest rate cut points to a soft landing for the US economy, which spells meaningfully higher spending on tech products and a recovery for tech stocks. But pick your stocks carefully and in small quantities to build a position THE fundamentals
      REUTERS  -  1,025 words
    • 776 32  -  l-l I comment YOUR MONEY Patience is a virtue not widely practised In Asian stock markets, while wild swings and scant liquidity make a mockery of the old *buy and hold' r. sivanithy BUY and hold that's one of the most common bits of advice
      776 words
    • 1306 32  -  ll!k!l»H markets Companies active in buybacks; Capital has new interest in SembCorpLog By Robert Halili The writer is bureau chief at Score Lab Asia Ltd (www.asiascores.com). He is assisted by Ngia Soon Chai, Singapore News Desk THE Singapore insider sentiment ended in neutral
      Source: Primak ITA  -  1,306 words
    • 810 32  -  MONEYmcra By) Lilian Ng The writer is a financial planner. This is the last in her series on issues in financial planning HOPES for a pre-Lunar New Year rally were re-ignited last week after the US Federal Reserve made a surprise move
      810 words
    • 1115 32 Offered by various banks (as at Jan 9. 2001) Deposit amount 1-mth 3-mth 6-mth DBS Bank A$ S10.000-A24 999 5 4700 5 2500 4 9500 A25 000 A49.999 5 4900 5 2700 4.9700 Dmk S10.000 Dm99.999 4 0800 4 1200 4 0400 DmIOO.OOO Dm149,999 4.1300 4.1600 4
      1,115 words
  • Page 31 Advertisements
    • 151 31 Seminar on "6-SUPPIjf CtlSill COlldbOtßtiOfl for the Chemical Community" s ChemXlog, a leading e-supply chain solntion provider for the if chemical industry, cordially invites you to the seminar on V fere-Supply 'e-Supply Chain Collaboration for the Chemical Community. I V L Programme Highlights uW Creating CoHaborative Supply Chains in the
      151 words


  • SHIPPING TIMES
    • 280 33 Reuters THE Baltic Dry Index (BDI) was unchanged at 1,591, the Baltic Panamax Index (BPI) gained six points to 1,582, the Baltic Handymax Index fell 20 points to 9,256 and the Baltic Capesize Index (BCI) was down two points to 2,164. The Far East continues to dominate the
      Reuters  -  280 words
    • 299 33 sax mm 'OM Jmi IS +1- W tfWT Mstrtbutton 0.54 -0.05 209 ChuanHup 0J7 unch 274 Cosco Investment (LW unch 0 Freight Links 0.11 0.01 30 GBHoMhgs 0.46 0.01 2 IMC Hotdings-HK —5.60 unch 0 Jay j Holdings 0.15 -0.01 193 KeppelCorp .3.16 unch 769 Keppal FELS .1.09
      299 words
    • 454 33  -  Robust growth due to wide use of technology, productivity of staff By George Joseph [SINGAPORE] PSA Corporation chalked up a record throughput of over 17.04 million TEUs (twenty-foot equivalent units) last year, a jump of 7.2 per cent or 1.1 million containers
      FILE PHOTO  -  454 words
    • 710 33  -  STRAIT TALK By Seafarer POR most public companies, their main annual exercise in public relations is the financial report. It provides an opportunity for analysts and journalists alike to glean information, read between the lines, put two and two together and come
      710 words
    • 217 33 Bloomberg [DAß ES SALAAM, Tanzania], Gunmen attacked a ferry on Tanzania's Lake Tanganyika killing two passengers and forcing 20 to jump overboard, news reports said. The ferry, carrying 50 people, was travelling from the main port of Kigoma to nearby Mgambo when six gunmen, posing as
      Bloomberg  -  217 words
    • PORTShots
      • 108 33 Reuters [ROTTERDAM] Container shipping group P&O Nedlloyd said it would take part in a new service between the Mediterranean, the East Coast of the United States and the Gulf of Mexico. Other partners wore Zim Lines and Germany's Hapag Lloyd, P&O Nedlloyd said in
        Reuters  -  108 words
      • 75 33 [LONDON] Three Taiwanese ships have made the first legal direct visits with mainland island of Matsu, Fuzhou province, as reported in HKSNI. Two were passenger vessels with (me carrying a delegation from the island of Quemoy to Xiamen. The third carried cargo. The Taipei
        75 words
    • AMERICAN-TWA deal
      • 869 34 The proposed acquisition of TWA by American Airlines has triggered fears of airline consolidation, just as the earlier United-US Airways merger proposal has done Reuters [WASHINGTON] A PROPOSAL by AMR Corp's American Airlines to widen its reach re-ignited anti-trust concern on Monday over the prospect of
        Reuters; AP  -  869 words
    • 301 34 PAGE Ahrenkiel 12 Appenship 5 Asia OCL 11 Assets 5 Austral 6 Avant 12 B'tang Mas 6 BSA 7 BTL 12 Balaji Shpg 5 Bangladesh 11 Batamindo 11 CCNI 7 CMACGM 3 COSCO 3 COCOS S CSAV 3 Central Ex 6 Chahaya 12 Cho Yang 5 China
      301 words
    • 16065 40 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT WEDNESDAY, JAf ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 17/01 03/03 COSCO EMPRESS SEA 0)05W 65-*****00 It/01 18/02 MOL P&O NED DURBAN 6501A 65-*****86 18/01 02/03 Setramar RENATE SCHULTE 358W 65-*****33 18/01 02/03 ZIM/Seth
      16,065 words
    • SHIPS IN PORT
      • 822 45 Vessel Voy No Berth Arrival Departure Bt Rei J ***** *J01 09/01/8:25 09/01/23.00 C Progress 01-Sep Jtl 09/01/8:50 09/01/16:00 Winstar 2 004S01 J03 09/01/21:00 Angiang 2 Jan-01 J15 09/01/9:05 09/01/23:59 Bayswaterl18 *1016 J02 09/01/9:00 09/01/16:00 SHig L H H 01-Jan J02 09/01/8:00 10/01/17:00 Ef 23 6 J02 09/01/8:50
        822 words
      • 1956 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Bookinq/Baianco Rstls Ship Voy Ho Etb/Btr Ported From To From ACE CONTR AE005N 11/10:00 II CM/1500 06/1659 AurOO 2A 08/1700 09/0659 09/0900 25 06/1700 09/0659 09/0900 J 09/0700 09/1159 09/1400 4 09/1200 09/1459 09/1700 ACHICVE* 396 16/* 00 06/1500 00/M99
        1,956 words
      • 199 45 Jan IS Japan: Adult's Day. USA: Martin Luther King's Jr. Birthday. Jan 23 Taiwan: Chinese New Year Eve. Jan 24 Brunei: Chinese New Year. China: New Year Holiday. Vietnam: Chinese New Year. Jan 24-25 Singapore: Chinese New Year. Malaysia: Chinese New Year. Vietnam: Chinese New Year Holiday. Jan
        199 words
      • 800 45 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        800 words
      • 566 45 Carbon 180 Mai 993.0 0.4 14.6 0.08 72 0.02 Jm 4 Density Water Residue Ask Aluminium Sediment No above E2S 1 0 0 0 0 0 380 Ave 987.6 0J 13.4 0.06 23 0.02 Eum 380 Max 993.0 0.5 16.1 0.08 39 0.04 ns/M'3 HV/V m/h
        566 words
    • AIR & LAND transport
      • 337 46 Deal, the largest in postal history, may let carrier earn USssb in revenues in future: report Reuters [NEW YORK] FedEx Corp is close to agreement on a record delivery contract with the US Postal Service that could bring the Memphisbased cargo
        Reuters; FILE PHOTO  -  337 words
      • 114 46 AFP [SINGAPORE] Singapore Airlines said yesterday it will increase its seating capacity to Malaysia by more than 10,000 from Jan 19-29 to meet the traditional high demand during the Lunar New Year. On 20 flights to Kuala Lumpur, the regular 183-seat-er Airbus A3los will
        AFP  -  114 words
      • Article, Illustration
        48 46 AFP [MUNICH] The snowploughs are out on the runways at Munich Airport early in the morning following heavy overnight snowfall which caused disruption to flights in and out of the city. Most of southern Germany awoke to a thick blanket of snow on Monday morning. —AFP
        AFP  -  48 words
      • 259 46 Reuters [LAGOS] Nigeria's state carrier said it had resumed direct flights to London after a six-year gap due to the airline's debts. Spokesman for Nigeria Airways Chris Aligbe said the company would operate twice-weekly flights on the profitable Lagos-London route with a DC-10
        Reuters  -  259 words
      • 133 46 Reuters [NEW DELHI] Flights at New Delhi's international airport resumed yesterday after early morning fog forced closure of the facility for a second straight day. Airport authorities said they were working to clear a backlog of flights after international and domestic air traffic
        Reuters  -  133 words
      • 335 46 European pl&nem&ker hopes to be more competitive against Boeing Reuters [PARIS] Plane maker Airbus Industrie is to transform itself from consortium to company by end-February, generating synergies of at least 350 million euros (*****.5 million) per year from 2004, the shareholders said.
        Reuters  -  335 words
      • 138 46 Reuters [SEOUL] South Korea's flagship carrier Korean Air has targeted six trillion won (SIB.I billion) in sales this year, up from 5.6 trillion won last year, the company chairman said. "All of (Kir efforts will be made to streamline our business to
        Reuters  -  138 words
      • 1812 46 CITY FU6H7 ETA RJ6HT ETC AMiMt AN8230 1900 LH6381 1900 ***** HOP Aastar** KL0843 0530 K***** 2335 S023 0640 $0328 2340 6*979 1135 HUM37 BIS UllilllHil MOOO 0255 JUCUW4 NZ4286 2020 U4285 2045 $0206 2020 ***** 2048 unti cn# am »W» WKA846 1330 H/tAMT 0755 B
        1,812 words
  • Page 33 Advertisements
    • 19 33 Proposed Amorican-TWA morion Anti-trust fears flare again p g 2 I FedEx, US Postal Service close to deal Backpg
      19 words
    • 240 33 A THREE DAY BEST PRACTICE EVENT 28 FEBRUARY 2 MARCH 2001 THE GRAND HYATT, SINGAPORE Find out how to: Integrate technology Into your supply chain Achieve competitive advantage, strengthen the enterprise and harvest the benefits of a strong bottomline Leverage e-Purchasing and supply chain management Work collectively with your customers
      240 words

  • Page 34 Advertisements
    • 1291 34 I NORTH AMERICA I I EXPORT 1 I OTHER DESTINATIONS I SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMBUCA (fc4AHaAf¥TA SERVICE) vissa VOY FTASM ETDSM lONGMAOI DALLAS HOUSTON OOCMO WW TOM MBOCOaTY VYSSa VOY W PTMPZALI QUOTA SANLORBCO COMBO PT CALMRA MNNAVBtnMAI SALMACMg" OOaWTAM Iwn
      1,291 words
    • 716 34 Lines services represented by |e Members of the Registry of fcjKjjSpW Accredited Shipping Agents, n£*»v "y Singapore Shipping Association Members of the '•TMSKjj. Singapore Logistics Association ULY UNI MALI {vessel voy Teu [75 eu P. RUNG SPORE MALE Princess Lily VOlOl 16/01 17/01 25/01 Empress Lily V 0202 01/02 02/02
      716 words

  • Page 35 Advertisements
    • 1307 35 >~ t/ *Sg tt J fffa'Hf* ffft* T> fft ffi -f f*. <?»■, TO EUROPE FROM EUROPE IVESSEL VOY SW RTM Am HAW WV SOU FIT LEH [vESSEL VOY I RTM ANR HAM WV SOU FXT LEH SW HY BARON 330W 11/01 03/02 31/01 01/02 29/01 API FRANC! 02* 24/12
      1,307 words
    • 2158 35 Fm: YANTAI J EVEKY FRIDAY 1 AX (T/I s 9 DAYS) I YANTIAN EVERY TUESDAY I A FRIDAY I (T/T 4 DAYS) J I GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TEL: 226 1900 FAX: *****N OUTWARD (l/L) *****02 JOHORE OfFKE; COSTAR SHIPPING PTE LTD #12-00 SAUS/BXGS 420SiS7/43 INWARD DEPT
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  • Page 36 Advertisements
    • 1735 36 SENATOR LINES TO UK/CONTINENT TO MEDfTERHANEAN/CANAPA VESSEL VOY mr LEH HTM ANB HAW BHV FLX VESSEL VOY 5m BIT SFt FOS VIC MTB HANJIN PORTLAND 0040W 09 01 26 01 27 01 29 01 30 01 31 01 01 02 PATMOS SENATOR 0037W 12.01 29 01 31 01 12 02
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    • 927 36 am MAC-NELS S'PORE M'Slfl Carrier: MM COMTR LINES, INC x p. guoang: (07) *****26 I Iw\ J cmm* IJMPOTBOOOOB SBU: (084)*****9 MAMLA: (632)*****24 v w v PENANG: (04) *****36 BANGKOK: (862) *****57 SURABAYA: (31)*****11 P. KELANG: (03) *****77 JKT: (21) *****46 KUO6NG (082) *****1-3 HAIPHONG MANILA MV "VAN XUAN" V.O3N
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    • 735 36 EXPRESS CONTAINER FEEDER FOR N.SHEVA (CFS MULUNO. MUMBAI/COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I.C.D. POINTS VKMI S PORE H SHEVA COCHIN COLOMBO P.KLANG TULSIDAS V 136 14 JAN 23 JAN 28 JAN 02 FEB FRONTIER V.104W 21 JAN 30 JAN 04 FEB 09 FEB PU GLORY V.104W 21
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  • Page 37 Advertisements
    • 1488 37 [VESSEL VOY KHH HKO I SIN I PKI PXB SAB DMM EIK IRAN KERMAN PCL-189 09/01 10/01 13/01 14/01 21/01 22/01 24/01 26/01 IRAN ISFAMAN PCI-190 16/01 17/01 20/01 21/01 28/01 29/01 01/02 03/02 IRAN HORMOZGAN PCL-191 23/01 24/01 27/01 28/01 04/02 05/02 07/02 09/02 IRAN TEHRAN PCL-192 30/01 31/01
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    • 427 37 I Loading for AROSIA RDM/ATW/BMN/UK I DON FRANE BULIC RDM/ATW/BMNAJK I Loads Singapore. EVW Mateysta. Indooeaa J Loading for PtNAR KAPTANOGLU JDH/AQA/DMT FAARABI HDO/JDK/AQA GTS HORIZON DBl/ABU/DOH/BRN/DMM/KWT DORTHE OLDENOORFF JOH/AQA/DMT/TRP Toads Singapore, E7W Malaysia, Indonesia I Loading for 1 ALMA VITA NOL/SAV/«CAMAMP I •Loads E7W. Malaysia. Indonesia J IS pore
      427 words
    • 1265 37 EUROPE EXPRESS SERVICE EXPORT IMPORT rotTWAisoi "iliHhjvbma HJ PARIS T OIOW 20/02 09/03 10/031 11/01 12/03' 13/03 14/03 IU COPENHAGEN 007E 25/01 27/01 29/01 01/02 10/02 *f{gwiGci«fiot<Tntana i>MHMiiMHMwuwH.aotfOMiqwn»<M»c> f u.u«T l MHWWVM»ni TRANSPACIFIC SERVICE EXPORT "•tuoisiaßMmmfwttiouKPwiiDi/wwiAtucßßi'iiooiKraptiihh/XBO IMPORT-wiwuwCTWwistoinHwseviKSosTAoinoKißniHD^wiarmHKß/i? Vissa VOY Is* LGO OAK CA*«XS TO l| SAN yissa VOY IGO OAK
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  • Page 38 Advertisements
    • 517 38 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE] i VESSEL VOY SIN Pl> I SPE LtH FXT 1 AM 1 MK AHItLLQ Slflll ILIAM 22JAH ISIM QLEB QZfB HUB 1 JiSLiM QMS IBJAH QiKB QiiEß IMB LLEO 1 MSG KERRY SUM UM MM QBIEB lifH llfß lifH 1 MSCDIEGQ 0104R 2LIAH
      517 words
    • 834 38 Yttttl m 111 JUT L£H_ *0T SM M _m CHAMAIHUM ISAM 13/01 17/01 14/B1 MUM lifil 12/01 14/01 MM; £81 1421 IZOI IML_ M jjf jm m__m m iml. Si $n my JZ4B— mi iml_ SKP 3f~ li/il i!/ol 4hn 21/01 i wm m TT7CI m —"***** iuihiiihiim" Sam IZZQI
      834 words
    • 611 38 INDONESIA NATIONAL LINE TO AUSTRALIA "f FULL CQjfnMNEn SERVICE vs. vot m m m i stp m ten w m turnm ns is/oi it/01 22/01 a/oi so/oi 02/02 POT9MM "ST B/0123/01 K/05 #4/0? */M *9/02 WW Ml ~"oir w/oi 30/01 oi/w 11/02 iyw u/w mwjn »T is/02 00/02 u/n u/02
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  • Page 39 Advertisements
    • 403 39 BSfl a. mm. MYANMA pBBk FIVE STAR LINE W (Myonmar Notional Line) Loading for Yangon VESSEL VOY SIN PKI PIN PGU HPA-AN 282W SU> MAWUMYIHE 94 W 11/01 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TEL 03-*****00 PKL: HI 03-*****101 PEN: HL 04-*****02 PGU: Til 07-*****21/4 BANK LINE (A service of
      403 words
    • 1259 39 HYUNDAI MERCHANT MARINE CO., LTD. I VESSEL VOY SM SOU LBI KTM ANT HAM BRV [VESSa VOY I SOU LEW I RTM |AM HAM I BRV ISM I HY BARON VJ3OW 11/01 29/01 I 03/*****/011 101/02 API FRANCE \tO29E 18/12 23/12 20/12 21/12 11/01 APIIOUTE V.024W 12/01 0R Y ■OCK
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    • 914 39 vtf/v WALLENIUS WILHELMSEN TO NORTH AND lATIN AMERICA "CAR RORO HEAVYUFT SIRVKI(VtSSfI VOY RAMP HEIGHT SIN UC MAO MIA SAV BAI OOF NYC NEW MM TEXAS AM 10} 4001 mb ~6JM *****" 09/02 ***** 2070T 22/02 24/02 «7oT 27/02 03/03 06/03 TOM AHIO3 4001 ms 6JM 30/01 25/02 05/03 00/03
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  • Page 42 Advertisements
    • 94 42 QjBU SINGAPORE PTE LTD KYOWA LINE 15 McCallum Street #03-01/02 Natwest Centre Singapore *****9 \V—— Fax: (65) *****66 Email: tenetal9ecusin.eculine.net website: net Direct Breakbulk/Container/LCL INDONESIAN PORTS Service to Banjarmasin/Jambi/Palembang/ Manila/Guam/Saipan Panjang/Pontianak/Perawan/Pekan Ban. Agems WjGnm Call: 220 3373 See Page 7 Daily STANDARD SHIPPING RCL's Steaming into China Frontiers, j f*EK|f*|EC
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  • Page 43 Advertisements
    • 1118 43 SSAMUDERA SHIPPING LINE LTD 72 Anson Rood, #06-01 to 03, Sinfoporo *****1 MAIN LINE/OUTWARD: 532 36M INWARD (DID): 437 2368 IMPORT STATUS (DID): 437 2371 INVENTORY (WD): 437 2420 Wobsito http://www.somodoro.ioni CR NO. **********0H BOOKINGS UNE: 535 6266 (Celio/Jessico/Mei Chan/Joslynn/Dora/Yvonno/Honim) 7 SLGS/WEEKLY Q22E*****M 3SIGS/WEEKIY jVESSEI VOY SIN I JAK IVESSEL
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    • 670 43 SIN TO SRI LANKA, INDIA, CANADA, US/EC/GULF, MEXICO I MO I SIN I XT I SUI HW I TOO I CM! I IQM I HAL I HTI I 0« I SAV 1 NEW I TAM I HOU HOtGH DYKI /0660 04/01 09/01 14/01 17/01 21/01 22/01 04/02 07/0? 06/03 10/03
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    • 114 43 mmmm CHINA 2 SAILINGS WEEKLY Accepting LCL/FCL to all destinations in China EIASM 11/01 15/01 Bungo Pebngi V.18E851 14/01 18/01 Bongo Royo Sotu V.17E32 ETA ETO JUN 3 18/01/2001 20/01/2001 PHNOM PENH TROPICAL ROSE 02/02/2001 06/02/2001 PHNOM PENH (30 TON DERRICK AVAILABLE) THE NEW STRAITS SHIPPING CO. (PTE) LTD 51
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    • 598 43 m ENG LEE SHIPPING CO PTE UDI I Ms *****22 (10 Umi) Fax: *****30/*****60 I T CI Mi **********0 C I VESSEL VOY SIN ETA SMETD DESTINATION Gondo II 12/00 10/01 10/01 Jokorto Union Star 37 15/00 10/01 11/01 Surabaya Marco Polo 56 10/00 13/01 13/01 Jakarta Union Star 47
      598 words

  • Page 44 Advertisements
    • 614 44 VESSEL VOY SIN MAA SIN I TIGER RHYTHM 867N 13-14/01 19-22/01 26-27/01 TIGER BRIDGE 868N 17-18/01 23-26/01 30-31/01 I TIGER METRO 869N 20-21/01 26-29/01 02-03/02 I TIGER STAR 870N 23-24/01 29-01/02 05-06/02 I TIGER RHYTHM 871N 26-27/01 01-04/02 08-09/02 I TIGER BRIDGE 872N 30-31/01 OWJB/02 12-13/02 I IVESSE^^^VO^^SIJ^^^CA^^SIJ^I TIGER OCEAN
      614 words
    • 1108 44 FREIGHT LINKS EXPRESS PTE LTD JJF 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 lSflv Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg WEBSITE: www.freighHinks.net SEMARANG MV. DRAGON TEKONG V 179 VALPARAISO MV. PiO NEDLLOYD S'PORE V4608E ETA SIN: 12/01/2001 ETA SIN: 13/01/2001 KUCHING MV. SALAM MURNIVIOOI KARACHI MV.
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    • 662 44 TO EIWIOFE CHINA N. EUBOPt KHWOB VESSa 1 VOY f SIN HKG HOC 1 »Q 1 SHA TRADE SELENE 033! I i"3JAN 17 JAN 21 JAN 23 JAN 25 JAN UaWJ SiNSaKXE OME t SOJaisl ZHJAN IZgPB CTTS HANJIN VANCOUVER 069E I 27 JAN 31 JAN 04 FEB 06 FEB
      662 words
    • 76 44 REGULAR SERVICE TO INDONESIA ETA ETD DESTINATION CHWAYA VICTORY 1001 1201 BANGKOOTOWTIANAK TBN 11AJ1 1301 PALEMBANOPONTMNAK/MEDAN RANGKAL BALAM (EAST TIMOR) REGULAR SERVICE EX YAH6QN CHAHAYASTAR IN PT 19A51 VISAK/CALCUTTA/YANGON JUBILEE 15/01 18/01 VISAK/CALCUTTA SHIPPING PTE LTD I NRacMr LCL consolidation services to MflffCO. CENTRAL Sk SOUTH AMERICA Accepting cargo for
      76 words

  • Page 45 Miscellaneous
    • 138 45 rsssm is? FOR 7 AM 10 JAN 2001 IW LEGEND- Issued by Meteorological Service Singapore Thunderstorm Showers Y, R a j n Temperature C /~y Wind direction and speed in knots Weather w Cloudy Day t><3 Hazy Sea Conditions Wind speed symbols S ight <12m O Full circle w/o line
      138 words

  • Page 46 Advertisements
    • 88 46 Corporate Advantage M m For more information or reservations, please ssll7 effective in August c (65)298-2038 Superior Room Complimentary Local Calls onr! Hailv \Wcnaruir AU rates are suhject to ,0% service charge dllll Uttll V ill" jpdJ/vl government tax and 3% GST. Late Check Out till 4pm Golden Landmark Additional
      88 words