The Business Times, 11 January 2001

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Total Pages: 48
1 48 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 028/12/2000 SINGAPORE Internet: http://business-times.asial .com.sg/ THURSDAY. JANUARY 11, 2001
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  • 77 1 Dsn 1,969.91 (+1.84) BT-SRI 822.78 (-1.69) ST INDEX FUTUBES M 66 (-4.00) SMSCIFUTUEES ***** (-2.40) STOCK MABKET INDICES Wednesday Change KLSE COMP 679.79 +635 NIKKEI 225 13,432.65 -177.86 HANG SENG 15,435.79 -64.80 SET INDEX ***** -4.72 JAKARTA COMP —4) 7.52 +125 MANILA COMP +233 TAIPEI WPI 5,436.78 +60.66
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  • 77 1 FOREX BATES rs$ s$ US$ (S$ per US$) 1.734 £(US$/S$ per 1.490 2583 EURO(US$/S$/E) 0.944 1.637 DM 2.072 1.195 YEN 1165 67.20 RM 3.800 2.191 HKS 7.800 4.498 BAHT 43.20 24.91 Rl'PIAH 9550 6506 PRIME RATES SINGAPORE* 5.80 KUALA LI MPlfR 7.6? JAKARTA 39.00 BANGKOK 9.50 MANILA 1100 HONGKONG
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  • 944 1  -  Soft landing not going to be as soft as many may like, bnt Kohler does not see hard landing Byy Vikram Khanna [SINGAPORE] The US economy is slowing more sharply than expected, but a recession is not on the cards,
    RICHARD CHNG  -  944 words
  • 677 1  -  The move will trigger a takeover offer for Wing Kong, developer of Shenzhen CyberCity From < Quak Hiang Whai in Hongkong A SINGAPORE-LED consortium with considerable Singapore government participation is taking control of Hongkong-listed Hing Kong Holdings, the developer of the Shenzhen
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  • 941 1  -  Utilities' problems may farther hart US economy From Catherine Ong in New York THE electricity supply crisis in California is threatening to deal another blow to the sluggish US economy and possibly to the state's trading partners, which include several Asean countries, economists said yesterday.
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  • Page 1 Advertisements
    • 96 1 INSIDE Top Stories Rajah Tann in strategic alliance with leading Wall Street law firm. Next Page SembGas gets first supply of Natuna gas ahead of schedule. Pg 4 bW Pertama to buy Electric City chain for $15.3 m cash. Pg 4 Average wages up 5.1 per cent: poll. Pg 10
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    • 8 1 Editorial: Preparing for a hard landing, Pg 12
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    • 80 1 Office interiors that work Pg 4,5 I* j (IN SINGAPORE: Chopard Boutique, 435 Orchard Road n° 02-36. Wisma Atria, Tel. 65/737 64 51. Dickson shops: The Promenade. Centrepoini. Suntec City Cortina shops: Lucky Plaza. Millenia Walk, Raffles City, Paragon Sincere Watch shops: Ngee Ann City. Lucky Plaza. Suntec City The
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  • NEXT page
    • 588 2  - US law firm's tie-up with Rajah Tann takes off Strategic alliance is first move into Asia for Weil, Gotshal Manges, the 11th highest grossing US law firm From Catherine Ong in New York WEIL, Gotshal Manges LLP, a leading Wall Street law firm, is making its presence felt in Singapore
      588 words
    • ON THE grapevine
      • 119 2 NOW you can go shopping for Chinese New Year festive goodies like fruit baskets, abalone and hampers from Cold Storage through your Wireless Application Protocol (WAP) phone and have them delivered to your home or work place. Sing Tel Mobile has partnered Cold Storage, Grocer2l.com
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      • 131 2 WHILE Singaporeans were busy minding their own business on Tuesday, members of Hongkong's April sth Action Group otherwise known as the professional picketers most likely to be outnumbered by the media and police were at the Singapore consulate in Hongkong protesting against the Republic's recent
        131 words
    • 870 2  -  Initiatives in Asian cooperation seen at Asem meeting From. Anthony Rowley in Tokyo FINANCE ministers from 25 European and Asian nations meeting in the Japanese port city of Kobe this weekend are expected to explore ways in which Europe's experience with regional monetary and economic
      AFP; Source: Bloomberg  -  870 words
    • 659 2  -  I-li comment TECHNOLOGY PC Industry giants zoom In on consumer electronics for growth kenneth james THE stars of the show were those you would expect at a top computer event like Comdex: Microsoft Corp's Bill Gates, Intel Corp's Craig Barrett, America Online's Barry Schuler,
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  • Page 3 Advertisements
    • 139 3 A BOLD NEW STEP FOR GREAT EASTERN Singapore's most established insurance company launches its new corporate identity. i i r ffi) Great Eastern Life I Vbimmm/ 1908 \l9oB The Great Eastern Lion... our corporate symbol since 1908 a i i ft I I f j V 1 L& advances into
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  • SINGAPORE companies
    • 763 4  -  News of early delivery sends SembCorp shares np in robust trading li'i Angela Tan SEMBCORP Gas (SembGas), the 50 per cent-owned unit of SembCorp Utilities, received its first supply of natural gas piped from Indonesia's West Natuna Sea on Jan 3,
      ARTHUR LEE  -  763 words
    • 708 4  -  lock siew lee han shih DON'T look now, but some $8 billion to $10 billion worth of market capitalisation could disappear from Singapore in the next few months. Should that happen, it will create a giant sucking sound to borrow
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    • 576 4  - Pertama to buy Electric City chain for 15.3 m cash Purchase will make it the top electrical goods retailer here By Marissa Chew PERTAMA Holdings is buying rival chain Electric City for $15.3 million cash just two years after the latter was bought by UK-based Kingfisher amid much fanfare. Pertama,
      FILE PHOTO  -  576 words
    • 383 4  -  By' Teh Hooi Ling JARDINE Matheson said it is happy with the group's listing status and has no plans to change it, contrary to rampant market talk yesterday that it is delisting its units from the Singapore Exchange. "We are happy with
      383 words
    • 455 5  -  He backs call with study on risk premium and market data over 20 years By Siow Li Sen AMID the doom and gloom, an economist at the leading private bank Credit Suisse is calling a "buy" on US stocks. But what about
      455 words
    • 377 5  -  Bat some investors could lower their portfolio weightings in Q1 By Ling Su Ann THE stock expert at Credit Lyonnais (Singapore) is sticking his neck out with a forecast that Singapore share prices could go up by 18-20 per cent this year.
      377 words
    • 219 5 IN the Longines Watch Contest competition sponsored by Longines in collaboration with The Business Times, Choo Soong Han and Danny Tan Wee Tiong came closest to forecasting the closing levels of the Straits Times Index on Dec 29 and Jan 5, respectively. The
      CHRIS LOH  -  219 words
    • 407 5 Reuters SINGAPORE firms are likely to see their profit growth halve this year from more than 20 per cent in 2000 on the back of a sharp economic slowdown in key overseas markets, analysts said. A Reuters survey of six broking firms showed they
      Reuters  -  407 words
    • 288 5 Reuters I-ONE.NET International Ltd and Asia Food Properties have become the latest companies to issue profit warnings. I-One yesterday issued a warning of a possible loss in the current financial year as it may write off earlier investments made in the Internet. The company
      Reuters  -  288 words
    • 300 7  -  Deal would swell its issued capital to over lb shares Hy Siow Li Sen TWINWOOD Engineering's new owners have wasted no time in turning the company into an IT group, announcing yesterday acquisitions in the sector worth $46 million. The Sesdaq
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    • 356 7  -  Issue expected to raise $4.5 m; trading to start on Jan 19 By Rachel Ong EI-NETS Ltd yesterday launched its initial public offering (IPO) of 30 million shares at 20 cents each for a listing on Sesdaq. The listing is managed by
      356 words
    • 340 7 AFX-Asia Reuters SINGAPORE Telecommunications said it has not finalised plans to enter India's domestic long distance telecommunications industry but remains interested in the move, reported AFX-Asia. Sing Tel was responding to a report in the Business Standard quoting unspecified sources as
      AFX-Asia; Reuters  -  340 words
    • 244 7 Reuters SPH Media Works, the broadcasting arm of media giant Singapore Press Holdings, yesterday announced a five-year agreement with Hongkong's Television Broadcasts Ltd (TVB) to acquire TVB dramas. "Revenue-sharing arrangements offer both parties incentives to ensure the success of the serials of Channel
      Reuters  -  244 words
    • 153 7 Bloomberg THALES SA's takeover bid for Avimo Group has become unconditional, said the financial adviser of the European defence electronics maker. Thales, which changed its name from Thomson-CSF last month, has received acceptances from existing Avimo shareholders to raise its stake to 52.1 per cent
      Bloomberg  -  153 words
    • 388 7  -  New firm will serve the construction industry By David Boey MAINBOARD-LISTED Internet services firm, Horizon.com Ltd, and PWD Corporation Pte Ltd (PWDCorp), one of Singapore's largest building and infrastructure developers, launched a joint venture company yesterday to offer information technology (IT)
      RICHARD CHNG  -  388 words
  • Page 4 Advertisements
    • 488 4 i During the last three years, Asia was plunged into an economic crisis from which it is now recovering. With the Asian economy on the mend, foreign investment interest in the region has started to pick up again. As foreign investors seek to expand their market share, strengthen their market
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  • Page 5 Advertisements
    • 245 5 Deutsche Bank AG acting through its London branch To: All holders of Call Warrants 2000-2001 issued by Deutsche Bank AG acting through its London branch relating to the ordinary shares of United Overseas Bank Limited Dear Sir Madam, EXPIRY OF WARRANTS 2000-2001 The rights comprised in the Call Warrants 2000-2001
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    • 119 5 i $yis VjvMSMFr* Sib jgi a J I I i F I |MnW J A I 1 f I «lBi? ii" vA k\ 1 kj k mi.1 JT: J H m. -SH ■i- t .^MP% ■J| jH ,:jfl» VI 1 *V F A jsst/'i-i ■-J Rockport Boutique Basement 1, Great
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  • SINGAPORE markets
    • 529 6 Stocks Volume Poh Lian 10c 15,915,000 PCI 25c 14,623,000 PacificCenturylOc 12,131,000 Omni Ind 10c 12,080,000 IPC020c 11,007,000 MediaRing 10c 9,925,000 TPA10c 9,905,000 SembCorpI 25c 7,962,000 Chart Semiconductor 26c 7,848,000 L-Jacob 20c 6,744,000 Stocks DBS Grp 49,795,291 SIA 46,553,807 OCBC 40,852,542 Chart Semiconductor 26c 40,284,000 UOB 34,239,747 Omni Ind 10c 33,032,070
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    • 629 6  -  I=ll comment STOCKS r. sivanithy A SUDDEN play on the OUB group as well as the Jardine stable of companies yesterday provided the bright spots in an otherwise weak and uninspiring session in which traders desperately sought fresh ideas. The
      629 words
    • 210 6  -  WARRANT WATCH By R Sivanithy A COUPLE of days ago, we featured the Deutsche Bank covered call on OUB when the shares traded at $7.95. Since then, the shares have risen to $8.15, yet the warrant has only gone from
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    • 254 6  -  HOT STOCK By' Ven Sreenivasan THE stock of Inchcape Motors made a rather rare appearance on the top gainers' list yesterday as it edged up four cents to $1.35 on a volume of 1.1 million shares. But it would be somewhat premature to read
      254 words
    • 121 6 CITY Developments will hold its EGM on Jan 30 at 3.00pm, 61st Floor, Board Room, 9 Raffles Place, Republic Plaza. ♦GRP has appointed Andre Raharja and Pengiran Rakawi Bin Pengiran Haji Sabli as independent directors and audit committee members with effect from Jan 9. Effective from the same
      121 words
    • 361 6  -  I :id comment CURRENCIES larry wee A BETTER tone for the tech-heavy Nasdaq in overnight trading gave the US dollar a better footing which hit the Japanese yen and Australian dollar hardest yesterday and also allowed it to test short-term
      Source: Reuters  -  361 words
  • Page 6 Advertisements
    • 689 6 WORLD SHIPHOLDING LTD. (Incorporated in the Republic of Liberia) UNCONDITIONAL CASH OFFERS FOR OSPREY MARITIME LIMITED (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFERS (THE "OFFERS") BY THE DEVELOPMENT BANK OF SINGAPORE ("DBS BANK"), FOR AND ON BEHALF OF WORLD SHIPHOLDING LTD. ("WSL" OR THE "OFFEROR"), TO ACQUIRE ALL
      689 words

  • Page 7 Advertisements
    • 242 7 [notices To advertise call toll-free 1800-741 1883 Fax No: 741 129 M T E3AVIMO 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 inform shareholders of the
      242 words
    • 158 7 We provide consultancy services on offshore structures, shelf companies and Incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas > Samoa Full nominee, management, corporate secretarial and professional adminlstraUon services are available. We specialize in offshore trusts, offshore banks, and capUve insurance companies for qualified applicants.
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  • Page 8 Advertisements
    • 214 8 Too complicated -A» -fc JBjgy -<- 3m|4 :>^ a f The genetic code may have been cracked. However, while a few scientists may know the exact 3 billion base pairs in a typical human DNA, most of us are just satisfied with the knowledge that, with advanced medical research, humans
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  • Page 9 Advertisements
    • 101 9 Ifs Congratulations from i-STT Turning your business into an e-business success has never been so easy! Simply contact elipva the name behind some of the biggest organizations' transition to e-business. Sun elipva is proud to launch version 2of its flagship software suite epaf (elipva microsystems portd application framework). As you
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  • SINGAPORE news
    • 705 10  -  Growth in overall pay package has almost reached pre-crisis levels Ihf Vince Chong, Audrey Tan in Hongkong AVERAGE wages in Singapore last year rose 5.1 per cent, a near doubling of the 2.8 per cent polled in a similar survey in 1999. according
      Source:  -  705 words
    • 479 10  -  By Chuang Peck Ming THE labour movement is stepping up its push this year for executive membership, a more flexible wage system and retraining and giving greater impetus to such goals is the prospect of even slower economic growth. "As the
      479 words
    • 274 10  -  By Teh Hooi Ling STARHUB has quietly "raised" the rates for its budget overseas call service under I-Call 018. When Star Hub launched the service last July, it had planned for a one-month promotion which gave users up to 60 per cent
      274 words
    • 253 10 TOP medical specialists in the public sector will enjoy the best of both worlds under a government initiative to let them work part time in the private practice. The Ministry of Health's Faculty Practice Plan is its latest initiative to help stem
      253 words
    • 396 10  -  By Marissa Chew KEPPEL Land (KepLand) has started a preview of its Lincoln Road project at an average of $960 psf but has not yet found any buyers. The freehold project, called The Line, has 51 units but only 21 apartments
      396 words
    • 393 10  -  on the economy outlook By, Anna Teo RIDING on last year's momentum, the Singapore economy should expand at close to 9 per cent year-on-year in the current first quarter, but growth will ease off thereafter, according to estimates by Fra-ser-AMMB Research. And how sharp the
      393 words
    • 468 11  -  Renovation to blame, says Takashimaya; sales for 2000 at record $355 m, np 5% By) Kalpana Rashiwala SINGAPORE'S biggest department store Takashimaya expects its net profit to fall a further 25 per cent this year after declining 8 per cent last year to $8
      468 words
    • 396 11  -  Accentnre-Microsoft joint venture also plans network of 'centres of competence' By Elizabeth Su THE recently-formed Avanade Inc will invest US$l5O million (Ss26o million) in the Asia-Pacif-ic region over the next three years, including Ss2l million in its Asia-Pacific headquarters operation in Singapore. The
      396 words
    • 225 11  -  Lee Wai Leong I REFER to your article "Membership of super chamber compulsory" by Chuang Peck Ming (BT, Jan 10). It is a travesty of the principles of freedom and a mockery of the principles of business for the Singapore government to compel
      225 words
    • 129 11  -  Gavin Martin I REFER to your article "Record 207,000 CPF members made money from stock market" by Teh Hooi Ling (BT, Jan 4). Based on the CPF investor performance figures, could top Singaporean CPF performers be contacted to ask them to be examples for
      129 words
  • Page 10 Advertisements
    • 734 10 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 j Thomson-CSF Invest SAS (Incorporated in France) MANDATORY CONDITIONAL CASH OFFER by Credit Suisse First Boston for and on behalf of Thomson-CSF Invest SAS a wholly-owned subsidiary of Thomson-CSF (Incorporated in France) to be renamed THALES for AVIMO
      734 words


  • EDITORIAL & opinion
    • 728 12  -  ■TTTT4 I bottom line OPINION paul krugman The writer is a professor of economics at the Massachusetts Institute of Technology NYT IF Milton Friedman weren't still alive, he'd be spinning in his grave. His legacy has been betrayed not by big-government liberals,' but
      NYT  -  728 words
    • 92 12 4 I know a racist when I see one. (John) Ashcroft acts like a racist, walks like a racist, talks like a racist' -Marine Waters A US Congress member, on the incoming Republican candidate for the post of attorney general. 'We are seeing a world in which
      92 words
    • 612 12 EDITORIAL ASIAN countries will face a harsh global economic environment this year. The time has come to brace for difficult days ahead. Until recently, economists spoke only of the possibility of a slowdown in the United States, but now, the "R" word is out in
      612 words
    • 1441 12  -  Whether fees attract tax is not clear due to peculiar nature of website hosting By Kung Wai Ming The views expressed in this article are those of the writer, who is with PricewaterhouseCoopers, and do not necessarily represent the views of PwC.
      FILE PHOTO  -  1,441 words
    • 621 12  -  COMMENTARY By Gary Silverman FT WHEN Nationsßank combined with Bank of America in 1998 the result was a bank without peer a coast-to-coast US franchise that promised unprecedented economies of scale. But, in practice, the merger to create America's largest retail bank has
      FT  -  621 words

  • MALAYSIA news
    • 464 13 KUALA LUMPUR Plan will give foreign lenders 34-2% stake in debt-laden company Reuters SHAREHOLDERS of Malaysia's MBf Holdings Bhd yesterday approved a US$32B million (***** million) debt restructuring plan which will give foreign lenders a controlling stake in the debt-laden financial services group.
      Reuters  -  464 words
    • 293 13 KUALA LUMPUR AFX-Asia Reuters THE Malaysian Cabinet did not discuss any reshuffle at its weekly meeting yesterday, the Bernama news agency quoted Transport Minister Ling Liong Sik as saying. Dr Ling also said Prime Minister Mahathir Mohamad has not given any indication at the weekly meeting about
      AFX-Asia; Reuters  -  293 words
    • 742 13  -  But other companies likely to delay IPOs given current market sentiment From. Diana Oon Abdullah in Kuala Lumpur IT'S all systems go for several initial public offerings (IPOs) in Malaysia despite investors on the Kuala Lumpur stock market being less than enthusiastic
      742 words
    • 335 13 KUALA LUMPUR Shares soar 9% in intra-tr&ding day Irat close almost flat Bloomberg MALAYAN Cement Bhd shares were in the limelight yesterday after its parent received a takeover offer from France's Lafarge SA, fuelling expectations Lafarge will also bid for Malaysia's biggest
      Bloomberg  -  335 words
    • 38 13 [KUALA LUMPUR] A full moon and a sequence of two crescents with shadows cast by the planet earth shown in this multiple exposure photo taken in Kuala Lumpur during a lunar eclipse early yesterday morning. AP
      AP  -  38 words
  • Page 13 Advertisements
    • 492 13 I NOTICES 8 Shangri-La hotel LIMITED (Incorporated in the Republic of Singapore) NOTia OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Shangri-La Hotel Limited (the "Company*) will be held at the Lotus Room, Mezzanine Level, Tower Wing, Shangri-La Hotel, 22 Orange Grove Road, Singapore
      492 words
    • 246 13 You've found a way to succeed. Now learn to find another. of Michigan Business Join us in Asia 2001 to find solutions 4§ to yonr business problems Ife IIV W |J Ij-| i||g»n DIWIMAtf CC f itAftl i Tt/KKr J 7 I m micnigan Dtisiness xnooi K I"* 75 years
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  • REGIONAL news
    • 550 14 TOKYO Cooling US economy will cut shipments of electronics and other goods, say analysts Bloomberg SINGAPORE Airlines Ltd, Japan Airlines Co and other Asian carriers face slowing airfreight growth this year as a cooling US economy cuts shipments of electronics and other goods, analysts
      Bloomberg  -  550 words
    • 312 14 JAKARTA Central bank also sees rnpiah firming against US$ to 7,750-8,250 Reuters INDONESIA'S central bank yesterday forecast the economy would grow a moderate 4.5 to 5.5 per cent this year, and predicted a firming of the embattled currency rupiah. The gross domestic product (GDP) range, announced
      Reuters  -  312 words
    • 341 14 AP [MANILA] A Philippine businessman said yesterday he paid two stock-exchange officials who he alleges promised to help clear him in a major stock price-rigging scandal. The admission by Dante Tan, a close friend of President Joseph Estrada, came
      AP; AFP  -  341 words
    • 332 14 ■JAKARTA Bloomberg INDONESIA wants to scrap previous agreements with Japanese creditors led by Marubeni Corp by asking for a lower interest rate and longer maturity for some US$7OO million (Ssl.2 billion) in foreign debt owed by PT Chandra Asri Petrochemical Centre.
      Bloomberg  -  332 words
    • 484 16 SHENZHEN Yorkpoint's surge being investigated; five govt-owned firms may be queried Bloomberg CHINESE regulators disclosed they are probing one of last year's most expensive stocks and may query five government-owned companies, moving to deflect criticism they have been too lax with a market
      Bloomberg  -  484 words
    • 332 16 NEW DELHI Reuters THE Indian government, seeking to boost economic growth, is studying a series of radical reforms including liberalising the financial sector and opening up services from power distribution to railways to private business, according to a government discussion paper. The paper, a copy
      Reuters  -  332 words
    • 47 16 [HONGKONG] A man playing the violin for money on a street in Hongkong. In a recent survey by the Chinese University here, Hongkongers wishedfor the recovery of the economy andfor wage increments and employmentfor more people this year. AFP
      AFP  -  47 words
    • 454 16 SHANGHAI The summit is seen as his latest goodwill gesture to Bering NYT RUPERT Murdoch, who once famously declared that satellite television posed "an unambiguous threat to totalitarian regimes everywhere", has asked the president of China, Jiang Zemin, to allow him
      NYT  -  454 words
    • 440 16 TAIPEI Tepid had earlier stalled the USs&Bbmove Bloomberg CHUNGHWA Telecom, Taiwan's biggest telephone company, has revived a stalled US$2.B billion (554.9 billion) overseas share sale, bankers involved in the sale said. Resurrecting an offer pulled last year because of tepid demand, global coordinator Goldman Sachs Group
      Bloomberg  -  440 words
    • 616 16 TOKYO Reuters CHINA'S Tianjin International Trust and Investment Corp (Titic) barely avoided default on its Samurai bond in December, but with overdue loans to Japanese banks still unpaid, bankers say the firm looks set to cause more headaches. Japanese banks are watching closely
      Reuters  -  616 words
  • Page 14 Advertisements
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      86 words
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  • Page 15 Advertisements
    • 74 15 FORTIS PLATINUM ALARM A gjfc Worldwide unique automatic chronograph Patented. on the astronauts the Star City Training to croco control indicator R next to the date GOLDEN BALANCE for automatic wristwatches ™S§*2f*A° na L y-j*Wa<ch Award the astronauts the Star PDRTIS www.fortis-watch.com 'WotJus^KSwiturCmX^^CtJj O* *»>< 7 7-7/K• 7"7 -f a-
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  • Page 16 Advertisements
    • 37 16 what to lit > drink > buy > watch > htar > pI u 9 Into ivi/eekendfll L^niRLJ Fv EhII °onatk* H|fl Celeb s Closet Activities? no, cca stands for co-curricular activity 6 |JWjV| > win killer loop shades > qo to forbidden hollywood
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  • e-NEWS
    • 542 17  -  Non-exclusive supply contract opens major new market for disk drive makers hYorn. Jennifer Lien in Silicon Valley AMID worries about slowing PC sales, disk drive maker Seagate has received a shot in the arm it will be the primary provider of hard disk
      AFP  -  542 words
    • 537 18 TOKYO But demand for such chips is likely to taper off in 2nd half of yean analysts Reuters THREE top Japanese electronics companies yesterday unveiled plans to reinforce their semiconductor businesses, betting that demand will remain strong for specialised chips. Mitsubishi Electric Corp
      Reuters  -  537 words
    • 251 18  -  From Jennifer Lien in Silicon Valley TRADITIONAL retail channels in the US may have had a blue Christmas, but online retailers have a reason to smile as Internet holiday sales last year more than doubled to US$lO.7 billion (5518.6 billion). The latest
      251 words
    • 523 18 SYDNEY This will leave Telecom Corp of MZ without a bidding partner: report Bloomberg NTT DoCoMo, Japan's biggest cellular phone company, will not bid for the mobile phone assets of Sydney-based Cable Wireless Optus, the Australian newspaper reported. NTT DoCoMo's withdrawal from the Asl7 billion
      Bloomberg  -  523 words
    • 748 18 SAN FRANCISCO CEO nnveils refined vision for Apple, putting the PC at the centre of it all NYT AS the rest of the sagging personal computer industry figures out where it goes next, Apple Computer Inc, is returning to its renegade core, launching
      NYT; AP  -  748 words
    • 266 18 Reuters [SEATTLE] Call it Couch Potato 2.0. Luxury armchair maker La-Z-Boy and software giant Microsoft on Tuesday officially launched a living room throne for the Internet age, complete with computer jacks and equipment for surfing the Web on a television set. Dubbed the "Explorer", the seat comes
      Reuters; REUTERS  -  266 words
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  • Page 18 Advertisements
    • 32 18 This announcement appears as a matter of record only. Chiles Offshore JHKSJE9 ilk Jii uiir i mum■■■■■■■■■ CHILES DISCOVERY L.L.C. US$B2 MILLION CREDIT FACILITIES Lender Agent mS'.MJI Tat Lee Bank November 2000
      32 words

  • WORLD news
    • 567 19 LONDON Move an effort to defend its franchise from online rivals Bloomberg THE International Petroleum Exchange (IPE), where more than US$l billion (Ssl.7 billion) of energy trades daily, said it is in talks that may lead to a partial sale of
      Bloomberg; REUTERS FILE PHOTO  -  567 words
    • 102 19 WASHINGTON Bloomberg Reuters INVENTORIES at US wholesalers piled up for a second straight month in November as sales showed no change, government figures showed yesterday. Stockpiles rose 0.4 per cent in November to U*****.9 billion (Sss7o billion), matching October's increase, the Commerce Department reported.
      Bloomberg; Reuters  -  102 words
    • 351 19  -  Frorn D Ravi Kanth in Geneva CHINA'S chief trade negotiator yesterday expressed hope that substantial progress may be achieved this week in its bid to join the World Trade Organization (WTO), but refused to indicate when Beijing would finally make it past
      351 words
    • 405 19 WASHINGTON She fails to disclose all; her exit conld embolden Bush critics NYT PRESIDENT-elect George W Bush won praise in recent weeks for the speed with which he assembled an ethnically diverse and ideologically cohesive Cabinet of well-tested administrators and politicians. But Mr Bush found out
      NYT  -  405 words
    • 241 19 NEW YORK Bloomberg OPTIMISM about US stocks jumped to a nine-month high last week, according to a poll by Investors Intelligence newsletter. The percentage of financial consultants who considered themselves bullish, or optimistic, rose to 56.7, the highest since April 7, from
      Bloomberg  -  241 words
    • 433 19 TOKYO Indicator is above 50 in Nov, implying economic growth AP Reuters Bloomberg A KEY indicator for Japan's economy stayed above the crucial 50-point mark for a sixth consecutive month, the government said yesterday, suggesting the nation is still emerging from a long
      AP; Reuters; Bloomberg  -  433 words
    • 470 20 BOSTON Sector's shares fall 25% in value over two weeks FT BIOTECHNOLOGY stocks have lost nearly 25 per cent of their value over the last two weeks, prompting fears of a bursting bubble in the sector. The Nasdaq biotechnology index fell from
      FT; Source: Bloomberg; CHRISTIAN INTON/ST  -  470 words
    • 376 20 SAN DIEGO Market launch of Oxygent delayed as study shows unexpected complications Bloomberg ALLIANCE Pharmaceutical Corp shares tumbled 68 per cent after the biotechnology company stopped a heart-surgery study because of an unexpected rate of strokes and other complications. Alliance shares fell US$5.l3 to close
      Bloomberg  -  376 words
    • 187 20 PARIS Bloomberg THE Organisation for Economic Cooperation and Development (OECD) said on Tuesday its 29 members have agreed on a set of rules establishing the basis on which countries can tax companies for profits from electronic commerce. The rules determine whether a company conducts
      Bloomberg  -  187 words
    • 513 20 FRANKFURT Reuters DEUTSCHE Boerse AG will raise about 800 million euros (Ssl.3 billion) for acquisitions and investment when it floats up to 30 per cent of its shares next month, banking sources said on Tuesday. The bulk of the initial public
      Reuters  -  513 words
    • 207 20 NEW YORK NYT XEROX Corp, which has US$2.7 billion (554.7 billion) in debt due to be paid this year, has said it had hired the Blackstone Group to advise it on how best to shore up its balance sheet in the face of an economic
      NYT  -  207 words
    • 496 20 TOKYO Bloomberg CREDIT Suisse Group lawyers told a Tokyo court the company should be spared a criminal conviction for violating securities laws and obstructing a 1999 government probe, arguing civil penalties were punishment enough. Prosecutors say the company's former Japan derivatives unit, Credit Suisse Financial
      Bloomberg  -  496 words
    • 809 21  -  Results seen after 3-6 months in 13 of 14 Fed cuts By Caroline Baum Bloomberg [NEW YORK] IT is accepted wisdom that stocks rally when the Federal Reserve lowers interest rates. Imagine the angst, then, when last week's surprise 50 basis-point cut in the federal funds
      Bloomberg  -  809 words
    • 543 21 Analysts expect retail space vacancy to climb, rent prices to level off Reuters [NEW YORK] The terrible Christmas cold caught by US retailers may spread to the real estate market, analysts said, as store closures are expected to increase across the country
      Reuters; FILE PHOTO  -  543 words
    • 282 21 NEW YORK Bloomberg MANHATTAN office rents appear to have hit a plateau as declining demand for space from Internet and other emerging technology-related companies push vacancy rates up, according to a new study. Asking rents averaged U5553.65 a square
      Bloomberg  -  282 words
  • Page 19 Advertisements
    • 75 19 WgK Wmk J, ?WW r-- g| I. Secure Provider is a pioneer in the development of secure mission-critical Internet infrastructure and ser\ues. l\/' are the on/y pro\ ider with the core competency of securing your Internet present e and network services. Our state-of-the-art data center together i\itfi a dedicated team
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  • Page 20 Advertisements
    • 226 20 rpKFITNESS FAIR SUNTEC CITY MALL (TOWER 4) 1 L ENTERTAINMENT CENTRE LEVEL 1 OUTSIDE CARREFOUR {rjb^~ 8 14 JAN 2001 PEN T0 PUBLIC I,AM ,OPM DAILY) NEOPRENE EASY SLIDER A 8 ROCK IT Micro Vib Car TE-249 Rrinnc Weight Piaies Dumbbells Tummy Trimmer Tummy Trimmer Cushion Massager Mini Cycle D
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  • Page 21 Advertisements
    • 196 21 Our services include: Secure Internet Connectivity v f"' 7 Secure Hosting Services an eSentlnel*" 4jlj V| Secure 888, VPN and Remote Access Solutions J|P| r^i|^y 4V j Security Consulting f Assessment and Forenslcs nk ''"V*'' j/ ot#r unique Infrastructure. eSentlnel™, Is a powerful combination of Integrated ">*'i2r J S jjßf''
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  • FINANCE & commodities
    • 278 22  -  SGX Derivatives TnAln&Report ST Index/MSClS'pore Index Lau Chee Keong THE Singapore stock market ended mixed yesterday as investors took profit on blue chips and shifted their attention to lower liners. The benchmark Straits Times Index rose 0.09 per cent or 1.84 points at 1,969.91 points,
      278 words
    • 230 22  -  MS& Taiwan Index Lau Chee Keong THE Taiwan stock market yesterday extended its gains, led by the financial sector as local and foreign funds continued to accumulate bank shares on hopes that more banks would merge. At the close, the MSCI Taiwan index ended higher by
      230 words
    • 167 22 ENERG7 REPORT Reuters [LONDON] World oil prices struggled to stay on an even keel yesterday, ignoring fresh weekly US stock data and awaiting confirmation that the Organisation of the Petroleum Exporting Countries (Opec) producers would agree next week to cut output. London
      Reuters  -  167 words
    • 349 22 Reuters London The yen bounced back from 17-month lows against the US dollar yesterday, its recovery led by gains against the Australian dollar stemming from a sizeable bond redemption and hefty short-covering against the euro. But the yen quickly trimmed the gains as concerns about Japan's fragile economy
      Reuters  -  349 words
    • Article, Illustration
      1233 22 DITERBAMg CROSS RATES Jan W A$ C$ tout Eiro Ffr Pa NK$ tad is Npiah Ytw Wow IM m$ht»t Ptto S$ Rand Sfr NTS Baht Pound US$ Australia 0.835 4.632 0391 1879 1157 4254 26.022 ***** 0.650 7.076 2.121 1.252 32.847 28.534 0.968 4.317 0.902 18.235 24.115 0.375 0.558 Cgnada
      1,233 words
    • 1872 22 SICOM FUTURES Jan 10 RUBBER (Mares dosing as at SJOpn) RSS1 CONTRACTS cents/kg) Close VoiWM Open Month Hkjh Low Sett (tonnes) Interest Feb 01 104.75 Mar 01 106.00 1950 Apr 01 107.50 100 May 01 110.00 100 RSS 3 CONTRACT (US ccnts/kg) Volume Open Month High Law Sett (tonnes) Mm*
      1,872 words

  • STOCKS east asia
    • 2877 23 HONGKONG AFP q Hang Sag -64.80 HONGKONG share prices fell 0.4 per cent yesterday, led by financial stocks, with investors keen to lock in profits, dealers said. The key Hang Seng Index lost 64.80 points to close at 15,435.79, off
      AFP  -  2,877 words
    • 2085 23 TOKYO AFP □Nikkei 225 -177,86 SHARE prices in Tokyo lost 1.3 per cent yesterday as foreign investors, fearful about Japan's economic direction, dumped stocks on a broad front, brokers said. The Tokyo Stock Exchange's Nikkei--225 index slumped 177.86 points to finish at 13,432.65, just
      AFP  -  2,085 words
    • Article, Illustration
      1081 23 Reuters Shenzhen B Index +3J73 CHINA'S B shares closed sharply higher yesterday in a technical rebound and brokers said the quick recovery after two days of losses indicated investors remained hopeful of market reforms. The Shanghai hard currency B share index rose 3.55 per cent to 89.41. Turnover was
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,081 words
    • 378 23 AFP gjWPlnto +60.66 TAIWAN share prices closed 1.1 per cent higher yesterday on interest from retail investors as the index breached the resistance level of 5,400 points, dealers said. The Taiwan Stock Exchange Weighted Price Index rose 60.66 points to 5,436.78, on turnover of NT5125.21 billion. "Buying interest came
      AFP  -  378 words
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  • STOCKS klse
    • 428 24 AFP PI Composite Index +SJSS MALAYSIAN shares closed 0.8 per cent higher yesterday on buying by local funds, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 5.25 points at 679.79. The Second Board index gained 0.47 points at 127.71.
      AFP  -  428 words
    • 8978 24 INDUSTRIALS Consumer products 2001 Last Vol Day Nat Cap High Low Company Sate 'OOP High Low P/E Smll 300 300 Ajinomoto 300 -10 8 300 300 16.4 121.6 40 31 Anqkasa 33.5 unch 34 35.5 33 49.4 310 286 Apollo Food Hlfl 310 10 33 310 302 6.7 124.0 332
      8,978 words
  • Page 24 Advertisements
    • 55 24 tr=r? I 000 sh ir I |ftff"'' i i!{ ir «y-- m BSx-.-x.-raßMrr*- ww ygggMlWHP' l l 'WtlWi- #33 g IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits Times The Business Times Lianhe Zaobao
      55 words

  • SGX clob & regional stocks
    • 2686 25 BONDS A WARRANTS H hwml failn W Urttotfe *«1 knri Can tor Mm Mia Hit* C T <•»>» U» »T«r Mir Prfce Cinllil trtle Mte jggjg Uft 47 1.5 s Acma W*****4 2 0.5 18 2 2 2 3 2 410 1 300 341 34 25 6 26.5 2.5 s
      2,686 words
    • 315 25 AFP CI Composite Index -29J1 SOUTH Korean shares fell 4.9 per cent yesterday with the index down 29.11 points at 560.81. Volume was 639.1 million worth 3.2 trillion won. AFP •I*" to Woo A nam Semi 3520 -530 Brain Tech 520 -15 Central Bank 170 unch Cheil Comm *****
      AFP  -  315 words
    • 291 25 AFP PI Composite Index +133 PHILIPPINE share prices closed 0.1 per cent higher yesterday with the Philippine Stock Exchange Composite Index up 2.33 points to close at 1,534.15. Volume fell to 397 million shares worth 959 million pesos from 549 million shares worth 681 million pesos on Tuesday. AFP
      AFP  -  291 words
    • 259 25 AFP □mSE-40 -MLO3 NEW Zealand shares ended down 0.9 per cent yesterday on concerns about index leader Telecom Corp, dealers said. The NZSE-40 Capital Index was down 18.03 points at 1,905.60 points on turnover of NZ$BB.7 million. is nw> Advantage HOS 1.25 unch 46 Air NZ A 1.60 unch
      AFP  -  259 words
    • 554 25 AFP PAD Ordinaries -4JO AUSTRALIAN shares eased 0.1 per cent in thin trade yesterday as investors reacted cautiously to mixed signals from Wall Street and lingering doubts about the local economy. The All Ordinaries index dipped 4.9 points to 3,184.5 while the SP/ASX 200 index fell 5.7 points to
      AFP  -  554 words
    • Article, Illustration
      746 25 AFP Q SET Index -172 THAILAND'S stock market fell 1.6 per cent yesterday due to a technical correction and profit-taking following major gains in recent sessions, dealers said. The Stock Exchange of Thailand (SET) Composite Index dropped 4.72 points to finish at 293.65 points, while the SET 50 index
      AFP  -  746 words
    • Article, Illustration
      723 25 AFP fl Composite Indei +125 INDONESIAN share prices gained 0.5 per cent yesterday on bargain-hunting in selected stocks, particularly Telkom and Indosat, dealers said. The Jakarta Stock Exchange Composite Index closed up 2.25 points at 417.52 on a volume of 354.58 million shares worth 269.62 billion rupiah. Yesterday gainers
      AFP  -  723 words
  • Page 25 Advertisements

  • 9949 26 SGX MAINBOARD Transaction date: Jan 10 Or Gr m Wt 52-Wk Last Vol Day Last Ouot* Dlv Dl* VM Nat Cap Av« High Low Company Sala COOP) High Low Buyar Sallar H C'vr P/t >mM Prtea MULTI-INDUSTRY 158 65 m c Acma 50c 1 68.5 ♦O.S 9 68.5
    9,949 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 416 27 fWhere to wine, dine and entertain.„^(<^&^ BRIO §i& Spring Court "J\ i'iini\orsar\ Company Annual Dinner Special Suckling Pig 711,, (usual price S M) i illliu J U) 0!!( I K.llll u 111 mil!. 01 ill I ot j|<\ MI Ih ||(I 11 OH S2 l 'S I'llu ill lis J6B
      416 words
    • 43 27 Celebrate This Lunar New Year I With The Most Ideal Festive Goodies At Our MANDARIN DELI i Enquiries: 831 6285 Website http://www.mandarin-singapore.com IIS Bj Mandarin ||J Singa/tarr WW St ED jPSjJP 333 Orchard Road Singapore *****7 ,Miii Tel: 737 4411 Fax: 732 2361
      43 words
  • Page 27 Miscellaneous
    • 915 27 TYfIFT 5 pax. .yji i Central Kids. 7.00 Fikir-Fikir. 1.30 Search World's Best A., vj o Guinness World of Re- 7JO Tirai: Ikatan Suci. (R). 9.00 AM Kids Central: Ses- cords. 8.00 Berita. 2.00 Headline Graphics. Hm T^ 6 H,Khfi; 9,00 Upfront With Najip. 8.30 Mahkota. 2.02 to 6.00 am
      915 words
    • 304 27 CRYPTIC CROSSWORD ACROSS 6 Scope for a missile (7) 1 Give voice about 15 across. 7 A singer to exasoerate a woman thouah not a lot MO) whol6 (10) 9 Eels wriggle otherwise (4) 8 being told off given di--10 Bar acclaim for a change (10) S 0 0 1
      304 words

  • New Asia Biz Woman.
    • 367 28 Mr Blackwell picks another 10 women for his 41st annual 'worst-dressed' list AFP Britney Spears, Madonna and Florida Secretary of State {Catherine Harris are among the "honorees" in the 41st annual list of worst-dressed women released here yestereday by the acid-tongued fashion critic known only as Mr Blackwell.
      AFP; FILE PHOTOS  -  367 words
    • 559 28 High levels can cause severe liver disease and birth defects, a US panel warns AP [WASHINGTON] Don't pop too many Vitamin A supplements, because large amounts, particularly megadoses available from healthfood stores, can be dangerous, the US government says in guidelines that update how
      AP  -  559 words
  • Page 28 Advertisements
    • 95 28 proj eeteyebaJl. ROAR ML., *wg* M i Actress Beatrice Chia reveals B^BPfff^EK^^Kly I H ffP J Project Eyeball is available only at Cold Storage, BP, Guardian, Borders, MPH, Tower Records, 7-Eleven, selected Times Bookshop, Kinokuniya outlets and newsstands at Shenton Way, Suntec City, Orchard Road, River Valley, Marine Parade, Katong,
      95 words

  • EXECUTIVE Suite
    • Article, Illustration
      1471 29  -  Colliers Jardine's chief strategist Trent Smith caused an uproar in Oct when he said Q3 private home prices would slide -by up to 5 per cent. HASHIWAbi catches up with the vindicated property heretic and finds out what else he sees for the future KALPANA RASHIWALA TRENT Smith,
      RICHARD CHNG  -  1,471 words
    • 143 29 For the first time, this year, buyers look set to emerge as a strong force to balance off developers as sellers Property valuation will change radically. Instead of being measured on a per square foot basis, what will give value to property will be the connectivity
      143 words
    • 394 29 TRENT Smith is unfazed by the flak his reports and views draw in Singapore property circles. Or being a lone voice in the wilderness. "It's great being on your own because then you're able to think in a lucid and clear manner," he says. In
      394 words
    • PROPERTY
      • 667 30  -  Survey says the city was the only one in Asia among the top 10 with the fastest growing office occupancy costs last year By Andrea Tan THERE was only one Asian city among the top 10 with the fastest growing office occupancy costs last year,
        FILE PHOTO  -  667 words
      • 584 30 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR4 YEAR 5 YEAR 6-10 YEAR 11-35 ABN-AMRO Bank (max of 30 yrs) 3.2500 4.0000 4.7500 4.7500 4.7500 4.7500 4.7500 Completed properties 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Properties under construction 2.7500 3.9000 5.0000 5.0000 5.0000 5.7500 5.7500 Hong Leong Finance!
        584 words
    • BY DESIGN
      • 1100 32  -  From the reception area to work spaces, vdtce cbong takes a look at the trends and considerations of office designs, such as blending them with the office culture and enabling functionality VINCE CHONG Traditional office interiors have banked on the systematic and linear approach boxy, squarish, angular to
        FILE PHOTO; FILE PHOTOS  -  1,100 words
    • GARDENING
      • 754 34  -  GARDENER'S I KT7I Reports bv' Thien ICAN almost feel, or at least imagine, spring, ah-lah Singapore, is here, especially on mornings when the air is still nippy even after the sun's up. I guess it's time to shake off that December lethargy—from too
        PHOTOS BY THIEN  -  754 words
      • 159 34 ♦Invest in good-quality tools, including a couple of hand pruners, a sharp knife and a pruning saw. For trimming shrubs, I personally prefer a pair of hedge shears with wooden handles. It is especially useful for pruning not only hedges but groundcover, some shrubs, flowering plants and flower
        159 words
    • LEGAL MATTERS
      • 720 35  -  What conveyancing lawyers have to do to earn their fees «</ Chan Chen Yee The writer is a partner at Drew Napier. WHEN it comes to conveyancing, prevention is certainly better than cure. It is cheaper to engage a lawyer to carry out the
        FILE PHOTOS  -  720 words
      • 467 35 DEVELOPER/ OWNER DISTRICT LOCATION SIZE TOTAL UNTTS NO. OF PRICE TENURE (sqfl) LAUNCHED UNTTS90LD (Spsf) Queens Allgreen Prop 3 Stirling Rd 914-2,723 536 289 760 99-yr River Place FEO 3 HavelockRd 678-3,229 509 411 950 99-yr Caribbean at Keppel Bay Keppel Land 4 Keppel Bay 840-6,135
        467 words
    • HOUSE HUNT
  • Page 29 Advertisements
    • 30 29 Bjr Design: Office Interiors, trends and considerations Fg 4 A 6 Gardening Pruning: test of a gardener Pg 6 Legal Matters: Let the legal eagles handle properly deals Pg 7
      30 words

  • Page 30 Advertisements
    • 161 30 Jones Lang I W LaSalle. Prime Light Industrial Site Site Area 22,517 sq ft Freehold Light industrial zone (PR 2.5) yfirt'a Easy access via Aljunied Rd, PIE, CTE, MacPherson Rd Nicoll Highway Existing 6-storey warehouse building Net Floor Area 39,376 sq ft s«ss "tJT Gross Floor Area 47,683 sq ft
      161 words
    • 118 30 Lost ttour a pet? r |i Try finding it at Classification 821 (Found) of The Straits Times Classified. CATS Buy H. Sefl H. Find H. FOR SALE BY TENDER Land Area: 4141.1 SqM (44,574.4 Sq Ft) Zoning: Mixed Landed Development Suitable for cluster housing development Very rare,near Newton/Novena/Good School/Private Clubs
      118 words
    • 33 30 2-STY GOOD CLASS BUNGALOW FOR SALE Location: Bukit Tunggal Land area: 15,000 sq ft Age: 5 years old •Tenancy: $18,000 p.m. For Enquiries: ***** 791 Mr t 0 *4 Qfl 0n ri CJII.
      33 words
    • 33 30 I Freehold Site For Sale Location: Lorong 26 Geylang 1 Land Area: 7366/ 8168 sq ft 1 Plot Ratio: 2.8, residential 1 Easy Access to ECP, PIE conveniently located with many amenities jl
      33 words

  • Page 31 Advertisements
    • 653 31 j I v, B jgj 1'^*****1 I ir I f t «f~t-.|«ihiuill lilt 1 111 (17 Tft* ifTilf— 1 —y Employment Woodlands East Industrial Park 1 site (10,353 sqm) for General Industry. mm mt Catchment: Chua Chu Kang and Woodlindi New Towns. Food Centre Employment Catchment: Woodlands and Sembawang New
      653 words


  • Page 33 Advertisements
    • 17 33 PROPERTIES The Straits Times Classified. Classifications 402 568. r^T I CATS. Buy It. Sell It. Find It.
      17 words
    • 66 33 Er~7ZT~W 3EI PRIME FREEHOLD SITE WITH SEA VIEW >#figM toN- FOR sale by private treaty i»vy. Land Area 17,747.8 sqm (191,036 sqftl Planning Residential Zone, 2.1 PR up to 20 Storeys m ns drive to city via ECP/Nicoll Highway. Situated near to good schools, le. Tao Nan, CHIJ, St. Patrick,
      66 words
    • 155 33 The Perfect an Instant Step 1. Start with a fully furnished, staffed and equipped serviced Step 2. Add flexible terms. Step 3. Cover generously with over 310 centres worldwide. Step 4. Select only the finest locations. ®f l| Step 5. Use the most up-to-date technology when preparing the ingredients. J
      155 words


  • Page 35 Advertisements
    • 56 35 m a 9Ht B 4A; i g lflHH| k"^ 9Swl JW% j^B^m^ The power of small. In Chinese chess, the small mouse beats the big elephant. In Lianhe Zaobao Classified, small prices pave the way for big returns. Reach out to over 700,000 people for only $23. Call 1800-744-7888 to
      56 words


  • SHIPPING TIMES
    • 299 37 Reuters THE Baltic Dry Index (BDI) rose two points to 1,593, the Baltic Panamax Index (BPI) gained six points to 1,588, the Baltic Handymax Index (BHI) fell 16 points to 9,240 and the Baltic Capesize Index (BCI) was up one point to 2,165. Atlantic panamax freight rates are
      Reuters  -  299 words
    • 301 37 stx too jgm s$ m CWT Distribution 0.57 0.03 30 Chuan Hup 0.36 -0.01 246 Cosco Investment 0.16 unch 20 Freight Links 0.11 unch 25 GB Holdings 0.44 -0.02 2 IMC Ho)dings-HK 5.60 unch 0 Jaya Holdings 0.15 unch 139 Keppel Corp 3.16 unch 657 Keppel FELS 1.09
      301 words
    • 523 37 M 'sian port stung by criticisms that it is only catering to its main client Maersk [SINGAPORE] The new Malaysian port of Tanjung Pelepas (PTP) has launched an advertising blitz to help change an industry perception that it is more a
      523 words
    • 263 37  -  By] Donald Urquhart [SINGAPORE] Singapore Technologies Marine (ST Marine) recently secured a $98 million contract to construct three offshore supply vessels for US-listed Tidewater Inc. Tidewater operating over 600 vessels worldwide is the world's largest operator of support vessels for
      263 words
    • 39 37 [SANTA MIGUEL] A rescuer comes down to the stricken Portuguese cargo ship Areia Acores that ran aground on Tuesday, near Santa Miguel Islands, Azores. Three persons died and two were injured in the accident. AFP
      AFP  -  39 words
    • 286 37 Plan to provide one-stop cargo services between HE, Pearl River Delta AFX-Asia [HONGKONG] Chu Kong Shipping Development Co Ltd plans to expand into logistics and e-commerce applications to provide a one-stop cargo transportation services between Hongkong and the Pearl River Delta, managing director
      AFX-Asia  -  286 words
    • 164 37 AFP [OSLO] Aker Maritime, a Norwegian company involved in oil industry activities, wants to merge its shipbuilding interests with those of Kvaerner, the newspaper Aftenposten reported in Oslo. Aker Maritime had recently made proposals to the main shareholders in Kvaerner, a
      AFP  -  164 words
    • 621 37  -  NEWBUILDS By David Hughes SO what will the new year bring for the newbuilding market and owners who are looking to invest in new tonnage? Your correspondent claims no particular expertise at crystal ball gazing but it has become traditional to stick
      621 words
    • APL's acquisition of gatx
      • 800 38  -  APL's USs2lom purchase of GATX Logistics signals its aggressive global ambitions, reports P T BAMOSBERO P T BANGSBERG [SINGAPORE] THE purchase of USbased GATX Logistics by the APL container shipping arm of Neptune Orient Lines Ltd is just the latest in the latter's increasingly aggressive strategy
        800 words
    • 183 38 PACE Appenship 5 Assets 5 Austral 6 Balaji Shpq 5 BSA 7 B'tang Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 It Central Ex 6 Cho Yang 5 China Shpq 5 Cougar 7 CWT Globelmk 7 Oelmas 4 Djak Lloyd 6 Dong na ma 3
      183 words
    • 18697 44 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT THURSDAY, JANUARY 11, 21 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number 'M I R >.V/ t t Ml To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/01 27/02 Del mas VILLE D'AQUARIUS U41W 65-*****44 24/01 03/03 COSCO YUAN HE 0079W 65 *****00
      18,697 words
    • SHIPS IN PORT
      • 768 47 Vessel Voy No Berth Arrival Departure SpcCapricor 14 J- 1 10/01/7:40 10/01/19:00 Thor Mane 2 J14 10/01/9:00 10/01/14:00 Chengal C***** J08 10/01/8:20 10/01/18:00 Winstar 1 004S01 J03 10/01/7:15 10/01/21:00 Bayswater118 M1017 J03 10/01/9:10 10/01/16:00 Royal Freigh 7 J02 10/01/8:40 10/01/17:30 Langmas 3 01 Jan J03 10/01/9:30 10/01/22:00 Bt
        768 words
      • 2013 47 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From ACE CONTR At005 11/11:15 09/1500 09/1659 S**00 2A 09/1700 10/0659 W/0900 21 09/1700 10/0659 10/0900 3 10/0700 10/1159 I0/M00 4 10/1200 10/1459 10/1700 ACX GARNET 18E 12/34)0 09/1500 09/1459 54*00
        2,013 words
      • 198 47 Jan IB 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
        198 words
      • 790 47 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indi cated. The Cockett Bunker Price Index change and
        790 words
      • 563 47 Carton 180 Max 993.0 0.4 M.6 0.08 72 0.02 Jan 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 Eiim 380 Max 993.0 0.5 16.1 0.08 39 0.04 »WI u/u m/m
        563 words
    • AIR & LAND transport
      • 303 48 Purchase is the largest ever by the US package delivery giant AP [LOUISVILLE, Kentucky] United Parcel Service said it has ordered 60 Airbus Industrie freighters, in a US$6 billion (5510.38 billion) deal that is the largest aircraft buy ever by the package
        AP  -  303 words
      • 302 48 Pilot diverts plane to Anchorage where the man is arrested Reuters [ANCHORAGE, Alaska] A drunken passenger who screamed obscenities, tore a flight attendant's telephone from the wall and tussled with the crew of a United Airlines flight bound for Hongkong was removed and arrested
        Reuters  -  302 words
      • 256 48 AFP [DUBAI] Passenger traffic at Dubai airport jumped 14.6 per cent in 2000 to 12.3 million, from 10.7 million the previous year, the civil aviation department said on Tuesday. The number of regular, chartered and military flights topped 141,000 last year, up 6.5 per
        AFP  -  256 words
      • 195 48 Reuters [NEW YORK] The board of Trans World Airlines Inc approved a plan to file for bank-ruptcy-court protection and accept a buyout offer from AMR Corp's American Airlines for US$5OO million (SsB6s million) plus the assumption of US$3 billion of aircraft
        Reuters; AP  -  195 words
      • 286 48 Bloomberg [ALEXANDRIA, Virginia] A federal judge ruled in favour of Continental Airlines Inc, declaring that UAL Corp's United Airlines and other carriers improperly limited the size of luggage for passengers at Washington Dulles International Airport. Continental accused United, the world's largest air
        Bloomberg  -  286 words
      • 80 48 [NEW DELHI] A journalist gets a massage from a beauty therapist during a display of the inflight services available at the re-launch of Virgin Atlantic Airway's upper class in New Delhi. The £37 million (5592.5 million) revamp of the upper class will include a complete new
        AFP  -  80 words
      • 170 48 Reuters [SHANGHAI] Difficulty in getting 10 Chinese airlines to agree to sweeping merger proposals has forced regulators to postpone a meeting on an overhaul of the crowded sector, industry sources said yesterday. The General Administration of Civil Aviation of China (CAAC) appeared
        Reuters  -  170 words
      • 381 48 Loss will ran into several million rupees, says airlines' spokesmen Reuters [NEW DELHI] India's airlines said on Tuesday they had racked up big losses because of the closure of Delhi airport for several hours two days in a row, but added they
        Reuters  -  381 words
      • 129 48 AP [EAGAN, Minnesota] Northwest Airlines agreed to pay a total of US$7.l million (5112.2 million) to more than 7,000 passengers forced to wait for hours on grounded airplanes at the Detroit airport during a storm in 1999. The airline admitted no wrongdoing in settling the
        AP  -  129 words
      • 1868 48 an man n* rmm nt IMMi *****1 ff)0 M7H2 2090 oni mo ofiz 2050 AM221 2230 LH6300 2230 ***** 2230 MMrMl AM327 0740 6A970 060 N***** 0740 ****** 0125 S0327 0740 KL0030 2330 H0QI7 635 5024 2340 mm$ $0X7 0048 ***** 2399 MM K242M 2020 N24W
        1,868 words
  • Page 37 Advertisements
    • 30 37 'lk~ >• i. i i i APL s USS2IOm purchase of GATX Logistics signals its aggressive global ambitions. ■Pg 2 UPS orders USS6 billion worth of aircraft from Airbus. Back Pg
      30 words

  • Page 38 Advertisements
    • 195 38 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40
      195 words
    • 702 38 Lines services represented by > Members of the Registry of fcjKgMji) Accredited Shipping Agents, jy Singapore Shipping Association Members of the Singapore Logistics Association ULY LINK MALE VESSCL VOY |lu ETA ETA P. KLANG SPORE MALE Princess Uly VOlOl 16/01 17/01 25/01 Empress Lily VO2Ol 05/02 06/02 14/02 Princess Uly
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  • Page 39 Advertisements
    • 1207 39 SAX SERVICE (DIRECT) VESSEL VOY SIN ETA lAX OAK DAL HOU CHI COL MEM AIL NYC API JADE 024E OS/11 23/11 28/11 28/11 28/11 28/11 28/11 28/11 29/11 29/11 API GARNET 024E ***** 30/T1 05/12 05/12 05/12 05/12 05/12 05/12 07/12 07/12 API SPINEL 024E 22/11 07/12 12/12 12/12 12/12
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    • 2072 39 TOs COLOMBO 1 EVEKY MONDAY I (T/T 4 DAYS) J I GENERAL AGENTS IN SINGAPORE: 80 ROBINSON RD TEL 226 1900 FAX: *****00 OUTWARD (l/L) *****02 JOHORE OFFICE: COSTAR SHIPPING PTE LTD #12-00 SAIES/WGS *****57/43 INWARD DEPT (0/0) *****86 COSTAR AGENCIES (M) SDN BHD CR NO: **********0 M SINGAPORE *****8
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  • Page 40 Advertisements
    • 1861 40 C SENATOR LINES TO UK/CONTINENT TO MEDI'ItIRRANEANiCANADA VESSEL VOY SIN LEH RTM ANR HAM BRV FLX VESSEL VOY GfT SPE FOS VIC MTR HANJIN PORTLAND 0040W 09 01 28 01 27 01 29 01 30 01 31 01 01 02 PATMOS SENATOR 0937W 12 01 29 01 31 01 02
      1,861 words
    • 1001 40 WIAM MAC-NELS S PORE MSIA uT!!/v!j Carrier: MN CONTR LINES, INC p.0udang:(07)*****26 IHVy Y~ J tWTBPOOOK SIBU: (084) *****9 MAMLA (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA (31)*****11 P- KELANG: (03) *****77 JKT: (21) *****46 KUCHING (082) *****1-3 BANGKOK PENANG MV "YANTRA BHUM" V.374N MV "SHIMANAMI" V.39W ETA
      1,001 words
    • 690 40 EXPRESS CONTAINER FEEDER FOR N.SHEVA (CFS MULUND. MUMBAICOLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vessel S PORE N. SHEVA COCHIN COLOMBO PKLANG TULSIOAS V 136 14 JAN 23 JAN 28 JAN 02 FEB FRONTIER VIO4W 21 JAN 30 JAN 04 FEB 09 FEB PU GLORY V.104W 28
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  • Page 41 Advertisements
    • 1478 41 I VESSEL VOY KHH HKO I SIN PKL PXB BAB PMM BIK IRAN KiRMAN PCL-189 09/01 10/01 13/01 14/01 21/01 22/01 24/01 26/01 IRAN ISFAMAN PCL-190 16/01 17/01 20/01 21/01 28/01 29/01 01/02 03/02 IRAN HORMOZGAN PCI-191 23/01 24/01 27/01 2S/01 04/02 05/02 07/02 09/02 IRAN TEHRAN PCL-192 30/01 31/01
      1,478 words
    • 434 41 I "1 AROSIA RDM/ATW/BMN/UK I DON FRANE BULIC RDM/ATW/BMNAJK I Loads Singapore, EVW. MMayaia. Indonesia J Loading for PINAR KAPTANOGLU JDH/AQA/DMT FAARABI HDCVJDH/AQA GTS HORIZON DBl/ABU/DOH/BRN/DMM/KWT DORTHE OLDEN DORFF JDH/AQA/DMT/TRP "Loads Singapore, E7W. Malaysia, Indonesia ILoadinglor I ALMAVTTA NOL/SAV/CAM/TMP I •Loads E7W. Malaysia. Indonesia I I S pore Loading for
      434 words
    • 1378 41 EXPORT I IMPORT I —yWj m inffl Hi PUB OlfW 120/02 109/03 11Q/03| 11/03| 12/*****/03[14/03 |HJ COPtNHAGtN 0071. 1 25/01 j 27/01 79/01 01/02 10/02 irnmifMMnniißni-iimi ■mniYn EXPORT ~WM6IHBIM>/«i<fll«SI0UI»D«llltll/MWI/ST(16aW'tOOIMnUHHIVDI/WDO IMPORT-HJWUWI6TOII WtMOmtfHttlß/UffiOST^MmiHJlOTlßmiWiatfßHttW/i; yissa VOY SMI IGO OAR |KOPIWB (MCOCS TO: I) SAM yKSa VOY LGI OAK SW IMJ6SI6 +Ot II 114/01
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  • Page 42 Advertisements
    • 1177 42 EXPORT VESSa/VOYAGE SGP [OO VW<jo6 jMU RDM iBHV [TOP |ZH B II {JMCCRH *****0* IVDI 2M)I 2&01 3CH)I 01/0? 31/01 02/0? 04/0? 0V0? B 11 urban oo7K)iow ?i/di mtwi wo? om? 07/0? 09/02 11/02 12/02 niniYnmisw 2M)i Q9/omro imp iyro ivo? ivo? imp iWI PUSfIODWgQOKHXHW (H/Q? 16/MljTB 2QAP 22AP 21/02
      1,177 words
    • 851 42 MNMCOMW TA WUT/ÜBI CHIMNO 155^^5350^^ VKtft VQT Mi MB MTP Lffl VPSE »0T I Si JKT I PJN CHAMAIHUM IS4M I VP I 17/P1 14/01 MJM MS H£] 14/01 -g-!ffl as -!—as- BBS -tt —m —M *5— -gat —Ml UAL. K» g? Its 4ML_JZZ»] Ml Z Wtm 455 ***** M
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    • 72 42 tUBk LINER SHIPPING PTE LTD \\\»V .A 10 ANSON ROAD. #17-01 INTERNATIONAL PLAZA. SINGAPORE 0207 r" TEL: *****33(20 LINES) TEI.EX: RS ***** LSSHIP FAX: *****13 BANDAR AH HAS AJiU DIIABI DAM MAM BAHRAIN JKDDAU RIYADH KUWAIT DUBAI Ml lo 7>„ Middle East** ETA SIN MIDDLE EAST TORTS 14/1/2001 DllftAl, OAMMAM.
      72 words
    • 484 42 INDONESIA NATIONAL LINE TO AUSTRALIA "1 IVI^OOHIMWBIBBfWCE va »or wb m m m srp m m mi m tfIIWMT JSS IS/01 14/01. 12/01 a/11 30/01 01/02 ranaw «s~ 12/01 n/oi m/m M/n#4/0? w/02 WW PI 0«S »/01 30/01 OS/02 11/07 U/02 14/02 3g K/not/m u/k it/0220/02 23/02 FEEDER SERVICE TO
      484 words

  • Page 43 Advertisements
    • 405 43 BSA A. mgm MYANMA FIVE STAR LINE (Myonmar National Lino) Loading lor Yangon VESSEL VOY SM PKL PEH PGU MAWLAMYINE 94W 13/01 PAGAN 290W 15/01 MALAYSIA AGENTS: OOUSTEAD SHIPPING AGENCIES KUL TU 03-*****00 PKL: TEL 03-*****101 PEN: TEL 04-*****02 PGU: TEL 07-*****21/4 BANK LINE (A service Andrew Weir Skipping) 1
      405 words
    • 1215 43 HMNEHYUNDAI MERCHANT MARINE CO., |JD. VKSa VOT I Sll I SO" UH I tTW AWT I HAW |KV IVESSR VOT SOU 184 I KTB I AMT I HAM IKVI SW i Aft KXJTi mSST 12/01 bit d 0 c 11 N G API PEARL V.019E 27/12 20/12 »/12 »/12 14/01
      1,215 words
    • 782 43 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA RORO HEAVYUFT SERVKT VESSEL VOY RAMP HEIGHT SIN LBC MAO MIA SAV BAL OW NYC I NEW I MOO TEXAS AHTOT ~4ooTms uTlp" 09/02 T7762 2076T W6T 2476T 2570T 27/02 03/03 06/03 TOM AHIO3 400Tms 6.3 M 30/01 25/02 OS/03 01/03 10/03
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  • Page 46 Advertisements
    • 86 46 Qfßl* SINGAPORE PTE LTD W N 15 McCallum Street *03-01/02 Natwest Centre Singapore *****5 m m mm mm Fax. 165) *****66 Email: general<9ecusin eculine net E3 I m L 13 Website eculine.net EAST MALAYSIA LI 111 IC Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan r See Pag* 4 Call: 220 3373 FREMANTLE KYOWA T
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  • Page 47 Miscellaneous
    • 126 47 nbe LJ lank ddKJ LEGEND: Issued by Meteorological Service Singapore K Thunderstorm y Showers o Rain Temperature Wind direction and speed in knots Cloudy Day Wea,her Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds j Sl '9 ht *1 2m
      126 words