The Business Times, 16 May 2001

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Total Pages: 48
1 48 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES MITA (P) 107/03/2001 (MS I n g a p or e Internet: http://business-times.asial .com.sg/ WEDNESDAY. MAY 16, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    81 1 sn 1,690.63 (+10.52) BT-SBI 659.13 (+1.82) ST INDEX FUTURES 1,***** (+17.00) SnSCI FUTURES 209.60 (+1.60) STOCK MARKET INDICES Tuesday Change KLSE COMP 561.46 -5.23 NIKKEI 225 14,064.03 +18L01 HANG SENG 1*250.09 -9.06 SET INDEX 307.47 -0.06 JAKARTA COMP 370.88 +160 MANILA COUP 1,457.97 -26.86 TAIPEI WPI 5,158.79 -17.66
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  • Article
    Lock icon FINANCE
    80 1 FOREX RATES us* s$ US$ (SS per US$) 1.819 £(USS/SS per 1.419 1581 El"RO(USS/SS/E) 0.875 1.591 DM 2.236 1130 YEN 1233 67.80 RM 3.800 2.090 HKS 7.800 4.289 BAHT 45.51 25.02 RUPIAH 11,475 6,310 •SS to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK 8.30
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  • Article, Illustration
    Lock icon Fed cuts rates by 50 basis points
    790 1  -  Door left open for farther cuts down the road From Catherine Ong in New York The US Federal Reserve cut interest rates by a widely expected 50 basis points yesterday and brought further relief to Wall Street by not signalling that this fifth
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  • Article, Illustration
    Lock icon MAS stands firm on its Sing dollar policy
    920 1  -  l-j Unusually, it confirms selling US$ last week,* and warns of more if necessary By] Larry Wee [SINGAPORE] The Monetary Authority of Singapore (MAS) reiterated yesterday that bouts of heavy commercial demand for foreign currencies will not change its policy for a
    Source: UOB Treasury Research  -  920 words
  • Article
    Lock icon World's rich beat market odds to become richer
    926 1  -  But it's hard-lock stories for high net worth Japanese From Catherine Ong in New York DESPITE the heavy destruction of stock market values, the world's rich not only got richer last year, there were also more of them about 18,000 more. But
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      69 1 INSIDE Top Stories Megawati questions benefits of an open economy. Next Page nan suvio HVJ Berlusconi: hMKfI billionaire, media tycoon, a champion of capitalist virtues. Pg 21 Li Ka-shing to buy 49% stake in Taiwan's major publishers. Pg 13 Rupert Murdoch says he feels sorry for Ted Turner. Pg 20
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      7 1 Money Hatters: What's next, Mr Greenspan?Pg 29
      7 words
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      15 1 Bush's trade agenda not yet secured on Capitol Hill >tV A"< I i' i i
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      73 1 Full FOMC statement, Next Page Mini Eng In talks with third party Page 3 Although we (both) have yellow skin and black hair, we had cultural differences (but we now understand each other better. The first two years were like infatuation but we are now like a mature couple. Chen
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  • NEXT page
    • Article, Illustration
      Lock icon Megawati questions benefits of an open economy
      949 2  -  Unusually blunt statement marks her readiness to take over as president From Yang Razali Kassim in Batam INDONESIA Vice-President Megawati Sukarnoputri, who could assume leadership of her country anytime soon, yesterday created a stir among regional business leaders when she raised questions about
      FILE PHOTO  -  949 words
    • Article
      Lock icon FOMC statement
      278 2 This is the full text of the Federal Open Market Committee's statement issued at the close of its May 15 meeting THE Federal Open Market Committee at its meeting today decided to lower its target for the federal funds rate by 50 basis points to 4 per cent.
      278 words
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      508 2 KPMGSeminarSeries Statement of Accounting .in Financial Instruments l Grand Hyatt Hotel Singapore, s.oj^n^ Statement of Accounting Standard No 33 establishes, for the firsyuroc, accowrifflig and reporting standards for financial instruments particularly for derivative instrun|§g£«mi fts3|!ng activities. These changes can have a significant impact on your organisation if you: Have large
      508 words
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      8 2 Abdurrahman says US supports him: report, Pg 12
      8 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Kim Eng in talks over tie-up; shares up 11%
      568 3  -  Deal with Ong Asia virtually sealed, say brokers By\ Serena Ng LISTED broker Kim Eng Holdings said last night it is talking to another party about a strategic alliance and a proposed acquisition. The firm gave no further details, but has
      Source: Reuters  -  568 words
    • Article, Illustration
      Lock icon GE Hldgs hits new year's high
      403 3  -  Share price boosted by soaring Q1 single-premium policy sales By, Andrea Tan NEWS of the stunning growth in single-premium insurance policy sales has driven shares of life insurer Great Eastern Holdings up to be one of the top gainers in the past few days.
      Source: Bloomberg  -  403 words
    • Article
      Lock icon Will life stay great for GE Hldgs?
      815 3  -  lock siew] wong wei kong PROM being a sleepy stock on the Singapore Exchange, Great Eastern Holdings has recently been grabbing the attention of investors, including fund managers. At a time when many other stocks on the SGX are languishing, GE Life's transformation
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    • Article
      Lock icon SingTel, Optus, Telecom NZ in tie-up
      312 4  -  New submarine cable to link S'pore, Jakarta, Perth lUf Teh Hooi Ling SINGAPORE Telecommunications. Cable Wireless Optus and Telecom Corp of New Zealand yesterday said they are in discussion to build a new cable system between Singapore and Sydney to meet growing bandwidth demands
      312 words
    • Article
      Lock icon Shareholders move to oust Inno-Pac directors
      210 4 RESTAURANT operator and franchiser Inno-Pacific Holdings told the Singapore Exchange (SGX) yesterday in response to query that it doesn't know why its share price and volume jumped last v ~ek. which is undergoing a controversial capital restructui ing exercise, also said it has received
      210 words
    • COMPANY Briefs
      • Article
        Lock icon Shining Corp bags 3 projects
        83 4 SHINING Construction announced yesterday that it has secured three private residential projects worth a total of $18.9 million. The first two, from RDC-Simei Development and Bona Fide Development, are worth $2.7 million and $2.2 million respectively. RDC-Simei's project involves the building of six three-storey terrace
        83 words
      • Article
        Lock icon SMRT to replace Sime S'pore in DBS 50
        35 4 AFX-Asia SMRT Corp will replace Sime Singapore Ltd as a component stock of the DBSSO Index from May 21, the DBS Group said in a statement. —AFX-Asia
        AFX-Asia  -  35 words
    • Article, Illustration
      Lock icon Directors' fees: 'firms need to be sensitive to shareholders' wishes'
      379 4  -  Sias says it's ridiculous to pay huge portion of profit to directors given slowing economy By Ven Sreenivasan THE Securities Investors Association of Singapore (SIAS) has lent its voice to the growing chorus of voices protesting against what they say
      379 words
    • Article
      Lock icon Sassoon offers 4 mths of free futures trades on the Net
      438 4  -  m exclusive Offer for all STI futures comes with launch of its I-trade platform Hyl Conrad Raj CLIENTS of broking firm JM Sassoon Co can trade in futures without paying commission for the next four months. The service is
      438 words
    • Article, Illustration
      Lock icon PacNet says it is on way to break even by 2002
      560 5  -  Q1 loss halved to $6m from Q4 2000; broadband access products grow 56.7% By Andrew Wee NASDAQ-LISTED Pacific Internet Ltd posted a net loss of $6 million for its first quarter ended March, reducing its losses from the fourth
      FILE PHOTO  -  560 words
    • Article
      Lock icon AsiaOneMarkets gets most visitors
      351 5  -  By Andrew Wee ASIAONEMARKETS, produced by BT, topped the list of finance websites visited by Singapore Internet users in a recent study by Internet measurement company Net Value. Asia One headed the list of finance and stock exchange websites with 28,060 visitors in March, reaching 3.5
      351 words
    • Article, Illustration
      Lock icon Surface Mount Technology launches IPO
      503 5  -  HK-based company offers 27.5 m shares at 31.5 cents each By' Trina Foo HONGKONG-based electronics manufacturer Surface Mount Technology Holdings (SMTech) yesterday launched an initial public offering for a listing on the main board of the Singapore Exchange (SGX). The offer, managed by Vickers Ballas,
      ARTHUR LEE  -  503 words
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      266 3 cSBI E2-CapKal Successful Completion of Softbank and E2-Capital Joint Venture SBI E2-Capital E2-Capital (Holdings) Limited ("E2-Capitar, stock code: 0378HK, www.e2capital.com) and Softbank Investment International (Strategic) Limited ("SI IS", stock code: 0648HK, www.softbank.com.hk) jointly announce the successful completion of the joint venture agreement entered into on 31 January 2001 to form
      266 words
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      589 3 Pvcq/vaTerhousEQopers i Deferred tax has never been an accountant's favourite subject the combination of unusual terminology and the concepts of tax can leave those trying to account for deferred tax feeling confused and frustrated. 'Understanding Deferred Tax' is a practical solution to this problem and aims to Give participants a
      589 words
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      258 4 SS2L- 1 -Net RPPLHUD! RANKING INSTITUTION r :OUB AND ONGLINE 1 1 Shanghai Comm Bank 10 Bank of East Asia e *****11(1 llke t0 eK end our warmest compliments to OUB and Ongline for being rated by The Hsian A Banker Journal as the top online seruice prouider in Rsia
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      114 5 We're offering everyone a way to earn 6% p.a. every j year for the next ten years. 1 Non-cumulative Preference Shares rated aa3 by Moody's Investor Services* 6% dividend per annum until 2011 and floating rate thereafter** Offering Price: Ssloo per share, payable in full on application Minimum Investment: Ssl,ooo
      114 words
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Quietly firm session ahead of US Fed meeting
      638 6  -  l-l I comment STOCKS r. sivanithy AS expected, local stock prices were mixed to slightly firm in light trading yesterday as investors took to the sidelines ahead of the US Federal Reserve's Open Market Committee meeting which will decide whether a fifth
      638 words
    • Article, Illustration
      Lock icon Kian Ann wrt: attractive, but will investors be convinced?
      197 6  -  WARRANT WATCH By R Sivanithy AFTER a brief flurry of interest a few weeks back, things in the penny segment seem to have quietened down considerably. A glance at the list of long-dated warrants actually makes for pretty dismal reading. We
      197 words
    • Article, Illustration
      Lock icon SingTel: poised to regain ground
      225 6  -  HOT STOCK By' Ven Sreenivasan AFTER sinking to record lows on Monday, the stock of Singapore Telecom seems to be showing signs of stabilising. It closed four cents higher yesterday at the day's high of $1.71. A total of some 9.4 million units changed hands
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    • Article
      Lock icon Untitled
      343 6 Stocks Volume Tianjin Zhong 15,950,000 Autron 14,320,000 SingTel 15c 9,373,000 PacificCenturylOc 9,259,000 GES Intl Ltd 20c 7.807,000 Chart Semiconductor 26c 7,034,000 AddvalTech 2.5c 6,695,000 AEM-Evertech 5c 5,863,000 TPV USlc 5,313,000 ChewEuHock 20c 5,264,000 Stocks Chart Semiconductor 26c 39,461,150 Datacraft 10c 37,985,874 DBS Grp 36,210,480 SPH 27,542,592 VentureMfg25c 20,537,900 OCBC 16,327,200
      343 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2877 6 UNIT TRUSTS FUNDS Manager's prices (Ss):May 16 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.768 0.807 Global Technology Fd!** 0.683 0.718 UK Blue Chip Fd!** 0.778 0.818 American Opport Fd 0.858 0.901 Cont Euro Eqty Fd!** 1.086 1.141 Japan Eqty Fd!** 1.271 1.336 Asian Fixed Income
    2,877 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Sunday in second try for S'pore 3G licence
      603 7  -  This time, it's aiming to sew up financing and partners before making a bid From Audrey Tan in Hong Kong SUNDAY Communications, which pulled out of the tender for third-generation (3G) licences in Singapore just last month, is gearing up for a
      603 words
    • Article
      Lock icon Hotel body launches Net reservation portal
      166 7 THE Singapore Hotel Association yesterday launched stayinsingapore.com an Internet portal that provides real-time hotel reservation services in collaboration with the Singapore Tourism Board. Through the website, more than 21,000 rooms in 57 hotels will be available for reservation. Come July, a further 4,000 rooms
      166 words
    • Article, Illustration
      Lock icon Vehicles drive up retail sales 21%
      256 7  -  KiWon the economy By] Eugene Low THE retail sales index rose 21.2 per cent year on year in March, driven by strong motor vehicle sales, figures from the Department of Statistics (DOS) show. But retail sales minus motor vehicles edged up just 0.8 per
      Source: Dept of Statistics  -  256 words
    • Article
      Lock icon Correction
      91 7 IN the table accompanying yesterday's report on the revised CPF Education Scheme, the new withdrawal limit was wrongly shown as 40 per cent of the accumulated savings in the Ordinary and Special Accounts. The 40 per cent limit is based on the accumulated savings in the Ordinary Account only,
      91 words
    • Article
      Lock icon For auction: five 2G spectrum lots
      260 7  -  By' Teh Hooi Ling THE government yesterday said it would auction five spectrum lots for use in second generation (2G) mobile telecommunications systems at a reserve price of $700,000 per lot. Such spectrum rights used to be allotted to the operators based on a
      260 words
    • Article, Illustration
      Lock icon 2 new accords set to boost SIP's development
      685 8  -  International advisory body to be set np, SIP-JTC Corp exchanges fostered Reports by Loh Hui Yin in Suzhou TWO new agreements between China and Singapore to bolster the development of Suzhou Industrial Park (SIP) are in the pipeline, according to Chinese officials,
      685 words
    • Article
      Lock icon Suzhou aims to woo talent from Silicon Valley
      321 8 I-1 rt exclusive I IN a move to strengthen its managerial expertise, Suzhou Industrial Park (SIP) plans to attract foreign talent and will go on a recruiting mission to Silicon Valley this year. The target: overseas Chinese who are tech-sawy, understand international
      321 words
    • Article
      Lock icon Online credit bureau offers default prediction
      504 8  -  DP Info's new credit rating system computes the probability of a firm's default By] Melissa Sim DP Information Network (DP Info), an online credit and business information bureau, yesterday launched DP Credit Rating which computes the probability of default. The system, based on that
      504 words
    • Article
      Lock icon Aria to invest in chocolate firm
      129 8 ARIA Investment Partners a fund managed by CLSA Private Equity Management yesterday announced an investment in Petra Foods, Asia's leading maker and distributor of cocoa and chocolate products. Aria will invest about US$l5 miUion in Petra, which has manufacturing operations in Indonesia, Thailand and
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      170 7 I IT'S EASY TO SEE BEWHO ISN'T RUNNING SAP 1 ON IBM UNIX'• SERVERS. > II wiiiiiiiilllijfillillliiTfnnT"*' v itC^illitfillllff]t|lllll r 1 [I I 11ilBP I W, w If your server goes down, your business goes down with it. The IBM (©server pSeries pan achieve an amazing 99.99% uptime. In fact,
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      937 8 [fft SINGAPORE ACCOUNTANCY ACADEMY I Training Arm of The Institute of Certified Public Accountants of Singapore e J AOl6 I Accounting Standards: TAXOOIIOST s Operation, Accounting, B f A Administration and Returns Annual update (2001) A Gntha I Jra Assoc Prof Ng Eng Juan 28 •29 June 2001 1.5 days
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      6 8 Buy It. Sell It. Find It
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  • MAIL bag
    • Article, Illustration
      Lock icon SGX will make manipulation difficult
      374 9  -  Jimmy Ang EVP and Head Singapore Exchange Derivatives Trading Limited I REFER to your editorial "Give futures a chance" (BT, May 3). The Singapore Exchange (SGX) would like to thank BT for your broader market perspective and insights on sin-gle-stock futures contracts which SGX plans
      FILE PHOTO  -  374 words
    • Article
      Lock icon SIAS has no right to take credit
      447 9  -  Denis Distant Singapore I REFER to the letter 'Noise makers' did the job at F&N EGM" by Narayana Narayana (Mailbag, May 10). Firstly, I was just as surprised, as Mr Narayana was, to read in BT's report ("SIAS chief makes it to Forbes
      447 words
    • Article
      Lock icon Here's how the MediShield, DPS schemes work
      415 9  -  Teri Tan Teow Tee (Ms) Assistant General Manager (Customer Service) Central Provident Fund Board I REFER to the letter "MediShield, DPS: queries for CPF Board" by Bernard Tan (Mailbag, May 4). A CPF member and his dependants can choose to be covered under
      415 words
    • Article
      Lock icon Daunting prospects for new futures contracts
      533 9  -  Narayana Narayana Singapore I REFER to your editorial "Give futures a chance" (BT, May 3). Unlike you, I do not find it "strange that so many equity market professionals seem so unenthusiastic about the impending launch of single-stock futures contracts on the Singapore Exchange
      533 words
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      180 9 We welcome letters. E-mail us at btletterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind libel
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon It's (monkey) business as usual in India
      741 10  -  OPINION ■7TT3 I bottom line rajendra bajpai The writer is a New Delhi-based journalist who contributes to BT CORRUPTION has become an issue among the elites in India How deeply embedded corruption and bribe-taking is was recently exposed by a couple of intrepid
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    • Article
      Lock icon IN OTHER WORDS
      143 10 'Every nation seems entirely persuaded that if I am allowed to enter the country in question, I will never leave it.' Amartya Sen the Nobel prize-winning Indian economist, on his problems in getting an Australian visa to deliver a lecture in Melbourne. 'If there is a hell,
      143 words
    • Article
      Lock icon Down in the dumps Down Under
      685 10 EDITORIAL IT is no surprise that Australia's Liberal-National coalition government is already in campaign mode, although its term in office runs out only at the year-end If the opinion polls have it right, it is facing almost certain defeat Thus, Treasurer Peter Costello seems
      685 words
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      Lock icon Bush's trade agenda not yet secured on Capitol Hill
      1032 10  -  Republicans and Democrats divided on inclusion of workers' rights and environmental protection in pacts From\ Leon Hadar The writer isßT's Washington correspondent in Washington PRESIDENT George W Bush faces major political and legislative obstacles as he tries to advance his global
      REUTERS  -  1,032 words
    • Article
      Lock icon The inanity of that missile shield
      799 10  -  COMMENTARY If rogne states pose real threat to US, preemptive action is the answer Hi! Thomas Friedman The writer is a New York Times columnist NYT THE Bush team's explanation for why we have to build a national missile defence shield gets more interesting
      NYT  -  799 words
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  • MALAYSIA news
    • Article
      Lock icon Hutchison-Telekom deal talks have fizzled out, says CEO
      454 11  -  Signs are that Li Ka-shing has quit plans to take stake in its mobile unit From Eddie Toh in Kuala Lumpur HONGKONG tycoon Li Kashing may have abandoned his plan to acquire a substantial stake in the mobile arm of Telekom Malaysia.
      454 words
    • Article
      Lock icon Star eyeing Leng Chan's Nanyang Press
      230 11  -  From Eddie Toh in Kuala Lumpur THE Star Publications controlled by the Malaysian Chinese Association (MCA) is keen to acquire a stake in Nanyang Press, the media arm of Quek Leng Chan's Hong Leong group. Hume Industries, which owns 70 per cent of Nanyang,
      230 words
    • Article
      Lock icon Pension fund raises stake in Commerce Asset
      352 11  -  KWAP now owns nearly 26.5 m shares or 2.25% in the group From] Eddie Toh in Kuala Lumpur NATIONAL pension fund Kumpulan Wang Amanah Pencen (KWAP), which has come under fire for its recent aggressive forays in the Malaysian stock market, has acquired
      352 words
    • Article, Illustration
      Lock icon Highways deal announced during Vajpayee's KL visit
      459 11 AP [KUALA LUMPUR] Malaysia has won contracts worth more than RM7OO million (***** million) to build two highways in India, Works Minister Samy Vellu announced yesterday after meeting Indian Prime Minister Atal Bihari Vajpayee. The announcement comes despite criticism in India about millions
      AP  -  459 words
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      137 11 www.broadcast-asia.com Silgapire Expi Exlikitim 19-22 Jne 2011 Cufereiee II -22 Jne 2111 Online Pre-Registration is NOW available at www.broadcast-asia.com Closing date: 31 May 2001 Fax to us at (65) 835 3040 to receive more info on: Visiting BroadcastAsia2ool Exhibiting at BroadcastAsia2ool Attending the BroadcastAsia2ool International Conference CommunicAsia2ool ComGraphics&Animation2ool Workshops I
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      400 11 —people r "view 1 w By Stacy Chapman, HRMS Product Strategy Manager Asia Pacific, People Soft In an age where the skills shortage is a condition we can't seem to shake, businesses are increasingly aware that people are their most important resource and a source of competitive advantage and that
      400 words
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  • MALAYSIA news
    • Article, Illustration
      Lock icon Fear of Estrada allies' win worries investors
      354 12  -  Possibility of opposition dominating Senate makes markets apprehensive From. Al Labita in Manila WORRIES that allies of jailed former president Joseph Estrada would dominate the Philippine Senate in Monday's elections sent spasms of fear through the markets yesterday. Investors took fright, while foreign
      AP PHOTO  -  354 words
    • Article
      Lock icon Dr M to name advisers on Chinese affairs
      242 12 KUALA LUMPUR Reuters MALAYSIAN Prime Minister Mahathir Mohamad plans to appoint two Chinese special aides to boost the government's standing with the country's largest ethnic minority, a government source said yesterday. The source said that Dr Mahathir's decision to name a Chinese
      Reuters  -  242 words
    • Article
      Lock icon Abdurrahman says US supports him: report
      352 12 JAKARTA Reuters, AP INDONESIA'S embattled President Abdurrahman Wahid, losing political support at home, has said Washington fully supports his government and the process of democratisation, the Bangkok Post reported yesterday. "The people who would like to topple me have gone to the United States
      Reuters,; AP  -  352 words
    • Article
      Lock icon Thai Air chief seeks unions' help
      477 12 BANGKOK The new chairman has invited labour reps to board meetings Bloomberg FOUR years after Chai-anan Samudavanija helped draft Thailand's most democratic constitution, he brought that same common touch to his new role as chairman of the nation's biggest airline. In one of his
      Bloomberg  -  477 words
    • Article, Illustration
      Lock icon Li Ka-shing to buy 49% of Taiwan media giant
      643 13  -  Li's Tom.com will pay HKs3o9m for share in merged PC Home and Cite From Audrey Tan in Hong Kong LI Ka-shing's Tom.com yesterday said that it will buy a 49 per cent stake in Taiwan's largest book and magazine publishers, with
      AP  -  643 words
    • Article
      Lock icon HK's unemployment rate holds steady
      266 13 HONGKONG Jobless rate for Feb-to-April period was 4.6%, unchanged from Jan-to-March period Bloomberg HONG Kong's unemployment held steady in April after rising for two straight months as slowing economic growth prompted construction companies, manufacturers and other businesses to put hiring on hold. The jobless rate
      Bloomberg  -  266 words
    • Article
      Lock icon Hun Sen does a lot in his office on the links
      719 13  -  LETTER FROM PHXOM PEMH B !f Harish Mehta LIKE most of his Asean counterparts, Cambodia prime minister Hun Sen is now an avid golfer. He has worked especially hard on his game ever since his country became the newest
      719 words
    • Article
      Lock icon Weak baht helps Thai Q1 results; less rosy Q2, Q3 seen
      338 13 BANGKOK Reuters THAI companies reported strong first-quarter earnings this week helped in part by a weakening baht, but analysts yesterday doubted they could perform as well in the second and third quarters. A slowdown in the United States and
      Reuters  -  338 words
    • ASIA Notes
      • Article
        Lock icon Indonesia plans US$1.2b railway line
        74 13 AFP [JAKARTA] Indonesian authorities are planning to build a US$l.2 billion railway in the Indonesian part of Borneo island to transport coal, a report said yesterday. The head of the Tabalong district in South Kalimantan, Noor Aidi, was quoted by the Bisnis Indonesia daily as
        AFP  -  74 words
      • Article
        Lock icon China expects 7.5% growth for this year
        73 13 Reuters [BEIJING] China's central bank expects the economy to grow 7.5 per cent this year, the Financial News reported yesterday. It said a report by the People's Bank of China forecast the economy would grow a year-on-year 7.8 per cent in the first
        Reuters  -  73 words
      • Article
        Lock icon China torpedoes Taiwan bid to join WHO
        67 13 AFP [TAIPEI] Taiwan's bid to join the World Health Organisation (WHO) has been shot down by rival China, the foreign ministry here said yesterday. The World Health Assembly decided on Monday not to include a proposal for Taiwan's entry to the WHO on
        AFP  -  67 words
    • Article
      Lock icon ABN Amro eyes new acquisitions
      238 13 TAIPEI Dutch lender is in talks with Taiwan and Philippine banks Bloomberg ABN Amro Holding NV, the largest Dutch lender, seeks to expand in the Philippines and Taiwan, as it pulls out of less profitable businesses around the world. Grand Commercial Bank vice-president Peng Yu-fa
      Bloomberg  -  238 words
    • Article, Illustration
      Lock icon Taiwan investors asked to refrain from selling stocks
      462 29 TAIPEI The government is trying to shore np confidence in the stock market Bloomberg TAIWAN'S regulator told local investors to refrain from selling stocks and requested details of their holdings as the government tries to shore up confidence in the' world's third
      Bloomberg; Source: Bloomberg  -  462 words
    • Article
      Lock icon Indian fund managers applaud new carry-forward trading ban
      374 29 BOMBAY They say move is in long-term interest of the market Reuters THE Securities Exchange and Board of India's (Sebi) decision to ban carry-forward trading will hurt trading sentiment in the short-term, but the move is necessary in the longer-term interest of
      Reuters  -  374 words
    • Article, Illustration
      Lock icon MSCI changes: US$2b funds may exit HK
      537 29 HONGKONG Reuters UP to US$2 billion in funds could be withdrawn from the Hong Kong stock market in the next six to 12 months as global share index compiler Morgan Stanley Capital International moves towards a free float methodology from the end of
      Reuters; AFP FILE PHOTO  -  537 words
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      1440 12 J SembCorp y Logistics SEMBCORP LOGISTICS LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 30th Annual General Meeting of the Company will be held at the Function Room, Level 3M, 5 Clementi Loop, Singapore *****6 on Thursday, May 31, 2001
      1,440 words
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      220 13 Ist1 st JUNE 2001 HOLIDAY INN PARK VIEW 9.00 AM 5.00PM sth5 th JUNE 2001' HOLIDAY INN PARK VIEW 9.00 AM 5.00PM FEES: S$ 490.00 (Inclusive of lunch, 2 coffee breaks, training materials and Certificate of Attendance) SPEAKERS: DR. CHRISTIAN GRONROOS Professor at Hanken Swedish School of Economics Finland An
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      3596 14 Notices (Incorporated in the Republic of Singapore) NOTICE OF THIRTY-SEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of the Company will be held at the Mandarin Singapore, Mandarin Court C, 4th Floor Main Tower, 333 Orchard Road, Singapore *****7 on Thursday, 31 May 2001
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  • SHIPPING TIMES
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      272 15 Reuters THE Baltic Dry Index (BDI) rose three points to 1,481, the Baltic Panamax Index (BPI) gained six points to 1,567, the Baltic Handymax Index (BHI) Firmed 19 points to 9,539 and the Baltic Capesize Index (BCI) was up one point to 1,814. TIME-CHARTER: ♦Anangel Destiny (built 1999)
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      313 15 S6X '000 May IS S$ Vol CWT Distribution 0.56 0.01 14 Chuan Hup ....0.31 0.01 158 Cosco Investment 0.19 -0.01 60 freight Links.. 0.09 O.OI 30 GB Holdings 0.38 unch 0 IMC Holdings-HK 5.60 unch 0 Jaya Holdings ..0.15 unch 106 KeppelCorp 3.46 0.06 735 Keppel FELS 1.01
      313 words
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      Lock icon OOCL adds instant rate data on website
      534 15  -  HK-based carrier's posting of intra-Asia rates may be an industry first By. P T Bangsberg IN what appears to be an industry first, Orient Overseas Container Line Ltd (OOCL) is posting interactive rate information on intra-Asia routes as well as US services over
      534 words
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      Lock icon Going for US$40,000
      77 15 [BRUNSWICK] Agios Minas Capt Lampros Pasarros sits on the dock in Brunswick, Georgia, by his freighter which will be sold at public auction tomorrow to settle unpaid debts. Capt Pasarros and the crew expect to get more than US$4O,OOO (5572,000) in unpaid wages from the sale. The
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      Lock icon All govts must back new labour convention
      744 15  -  STRAIT TALK By Seafarer LAST week, shipowner representatives from around the world gathered in Bath, United Kingdom, to discuss issues affecting them as employers. Top priority for the International Shipping Federation (ISF) council is the International Labour Organization (ILO) campaign to promote "Decent
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      Lock icon Air Supply stars holiday cruises
      83 15 [SINGAPORE] Music legend Air Supply (above) will headline celebrity June holiday entertainment aboard Star Cruises SuperStar Virgo. The group's original front men, Englishman Graham Russell and Australian Russell Hitchcock first sang together in 1975 and will perform on board 26 years laterfrom June 8-10, as
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      Lock icon EU, Seoul seek to resolve shipbuilding dispute
      269 15 Both parties want to avoid going to World Trade Organisation Reuters [BRUSSELS] European Union and South Korean trade officials will try again soon to resolve a dispute over alleged shipbuilding subsidies and avoid calling in the World Trade Organisation. European Trade Commissioner Pascal
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      104 15 [SINGAPORE] A powerful delegation of the Hongkong Port and Maritime Board (PMB) has begun a comprehensive European visit to promote Hongkong as the Asia-Pacific Region's logistics hub. The delegation of industry heavyweights includes the Secretary for Economic Services, Sandra Lee and PMB chairman Gordon Wu,
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    • CRUISE SHIP pollution
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        843 16 Many US states are looking to Alaska's proposed new standards on waste-water discharge by cruise ships as a model Los Angeles Times [JUNEAU, Alaska] WITH cruise ships plying Alaska's Inland Passage in unprecedented numbers, Alaska is leading a movement to clean up what has
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      276 16 PAGE Ahrenfciel 12 Appenship 5 AsiaOCl II Assets 5 Austral 6 Avant 12 B'tanq Mas 6 BSA 7 BTL 12 Bangladesh 11 Balaji 4 Batamindo 11 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 tt Central Ex 6 Chahaya 12 Cho Yanq 5 China Shpq 5 Confer
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      17657 22 THEBUSINESSTIMES THEBUSINESSTIMES Pages EXPORT WEDNESDAY, MAY 16, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/05 27/06 COSCO HOPE 0029W 65-*****00 25/05 25/06 MOL CARINA CHALLENGER 8209A 65-*****86 27/05 04/07 Setramar NORASIA SINGA 120-04 65-*****33 29/05 06/07
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        775 27 Vessel Voy No Berth Arrival Departun Spc (1 61 15/05/7:20 15/05/1630 Bt Thr Jaya ***** J01 15/05/8:00 15/05/20^0 Sandide*a 14 69 J02 15/05/7:55 16/05/830 A OWendortf 1 J05 15/05/9:15 15/05/23:30 Winstar 8 013S01 J03 15/05/7:15 15/05/15:00 Kian Heng KhOIW J17 15/05/7:55 15/05/2030 Marcopolo 56 05A/01 J17 15/05/7:05 16/05/630
        775 words
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        Lock icon CONTAINER SCHEDULES
        1986 27 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance ftstls Ship Voy No Etb/Btr Period From To Fron ACX EAGLE 0091 17/23:59 W M/BOO M/1659 M/1900 2A M/1700 15/0659 15/0900 2* 14/1700 15/0659 B/0900 3 15/0700 ft/1159 15/1400 4 15/1200 15/1459 15/1700 ACX RAFFLES OSOI 15/2300 M/BOO M/1659
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        Lock icon GLOBAL HOLIDAYS
        191 27 May 16 Thailand: Royal Ploughing Ceremony May 17 Norway: Constitution Day May 24 Belgium: Ascension Day Finland: Ascension Day Netherlands: Ascension Day Indonesia: Christ Ascension Day May 28 US: Spring Bank Holiday UK: Memorial Day Canada: Victoria Day June 2 Malaysia: King's Birthday June 4 Malaysia: Birthday's of
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        Lock icon COCKETT BUNKER MARKET REPORT
        803 27 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on average sized stem. Market movements are indicated. The C(»ckett Bunker Price Index change and
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        Lock icon VERITAS BUNKER QUALITY REPORT
        597 27 Carbon 180 Max 990.2 0.S 13.3 0.07 40 0.03 May 10 Density Water Residue Ash Aluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 984.9 0.3 13.1 0.06 22 0.02 Eksm 380 Mai 989.7 0.9 15.6 0.09 67 0.04 nt/H'3 %v/v »>/>
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    • AIR & LAND transport
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        Lock icon US dismisses complaints by UPS, FedEx against DHL
        659 28 Dept of Transportation finds no evidence DHL competing unfairly with US firms By Donald Urquhart [SINGAPORE] The US Department of Transportation (DOT) has rejected complaints filed by United Parcel Service (UPS) and FedEx Corp that DHL Worldwide Express was violating US law
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        Lock icon Boeing's plan to sell 30 planes to China not delayed
        555 28 ItsaysSino-US tensions haven't affected deal Reuters [SHANGHAI] US aircraft manufacturer Boeing Co said yesterday its plans to sell at least 30 aircraft to China have not been delayed by Sino-US tensions and it expects Beijing to announce orders in May
        Reuters  -  555 words
      • Article
        Lock icon Indon airline to fly to East Timor, India, Taiwan
        218 28 AFP [JAKARTA] Indonesia's pri-vately-owned Mentari Lion Airlines will open new routes to East Timor, India, Taiwan and South Korea, an airline executive said yesterday. The airline will inaugurate a flight linking Surabaya, in East Java, to Dili in East Timor via
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        Lock icon Compensation agreed for Concorde crash victims
        365 28 Total amount for 92 passengers between USsloom-USsl2sm AFP [PARIS] Insurance companies have agreed on compensation for the families of 92 passengers killed when a Concorde supersonic crashed on takeoff from Paris last July, a lawyer for the companies said. "An overall compensation agreement was
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        1830 28 on man eta awn no MM AN82JO 1850 LH6381 1850 S0230 tew Amsterdam SO? 3 0635 KLS18 2255 0*979 0955 S0328 2325 *1837 1455 Antananarivo M013 0255 tocklwd N***** 2045 N***** 2045 $0286 2045 $0285 2045 Bahrain GH49 0725 BtMkpapan MI/GA846 1330 MI/GA847 0755 8 Sorl
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      1130 16 1 NORTH AMERICA I I EXPORT I I OTHER DESTINATIONS 1 SSX SUPER SHUTTLE EXPRESS DIRECT TO LONG BEACH WEST COAST OF CENTRAL AMERICA (MARQARiTA SERVICE) voy nrTsSri nosM longkach dauas Houston okago newyork mbucooty visa vor f""MTI pt.«*tzal xunu samlorbco corhto ptcauwa wbmvbhwu OOCL MfTAM iST ~WT "WOS 0VOT"
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      89 16 vv SANKYU (S) PTE LTD 11 CLEMENTI LOOP, SINGAPORE *****3 TEL: *****40 FAX: *****11 CFS: KEPPEL DISTRIPARK BLK 513 #01-128 SINGAPORE *****9 JAPAN PORTS Mono Kong Ail China Port* (EVERY THUR SUN VESSELI VESSEL VOY ETD SIN ETA TYO ETA KOI ETA YOK ETA MCO ETA OSA HOUSTON V.***** 20
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      746 16 Lines services represented by lafrMlal Members of the Registry of Accredited Shipping Agents, \?t«« 2s Singapore Shipping Association Members of the Singapore Logistics Association 9 ULY UNE MALI vessci voy [eta Teta eta P. KLANG SPORE MALE Princess Lily VO4Ol 17/05 18/05 26/05 Empress Lily VO5Ol 03/06 04/06 12/06 Princess
      746 words
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      1307 17 TO EUROPE FROM EUROPE Ivtssa voy| sw rtm anr ham wv sou fxt uh fvissa Ivoy rtm aw ham wv sou m ta sw API SPINEL 101W 17/05 09/06 06/06 07/06 04/06 API GARNET 102E 30/04 27/04 28/04 25/04 11/05 MM ADVANTAGE 002W l»/05 04/06 06/06 09/06 10/06 HY FORTUNE
      1,307 words
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      2204 17 TO ADEN T/T :10 DAYS 1 iEDDAH T/T: 12 DAYS I W AQABA > T/T: 15 DAYS J GENERALAGCNTS IN SINGAPORE: 80 ROBINSON RD #12-00 SALIS/BKGS TIL 4205*57/43 FAX: 23*5321/71 ftfHfi PASIR GUDANG TEL 07-*****66 FAX: 07-*****70 COSTAR SHIPPING PTI LTD SINGAPORE *****8 OUTWARD (I/I) *****02 *****25/75 PORT KLANG 03-*****633
      2,204 words
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      1146 18 SENATOR LINES TO EUROPE TO MIDPU EAST/WAN/MED SEA vissa 1 VOT sm UH rth urn jjjg rrv fu visa »ot sw nf dm JP M HAMJM P/UHS 0070W IS.OS 01.0* 03.06 04.0* 05.06 04.04 07.04 U MUT AMARU OOUW IMS 24.05 21.05 02.04 OXO4 IRAK FREDA OOSOW 18.05 09.04 10.04
      1,146 words
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      1016 18 AM MAC-NEIS SPORE MSI A Carrier: MN CONTR LWES, INC p. guoang: (07)*****26 2 fs?/\ cm NO. IMM79OOOOR S®U: (084) *****9 MAMLA: (632) *****24 X PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P. KELANQ: (03) *****77 JKT: (21) *****4S KUCHWG (082) *****1-3 ADELAIDE 1 mm/IMMI/ '"WW*™* A nAn
      1,016 words
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      477 18 Q G2 UtSm EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vessel VOY S PORE N SHEVA COCHIN COLOMBO P KLANG TULSIOAS 142 20 MAY 29 MAY 01 JUN 04 JUN 08 JUN FRONTIER 110W 27
      477 words
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      1452 19 I VESSEL VOY KHH HKG I SIN PKL DXB BAB PMM BIK IRAN TEHRAN PCL-207 15/05 16/05 19/05 20/05 27/05 28/05 30/05 01/06 IRAN TABATABAEI PCI-208 22/05 23/05 26/05 27/05 03/06 04/06 06/06 08/06 IRANKERMAN PCL-209 29/05 30/05 02/06 03/06 10/06 11/06 13/06 15/06 IRAN ISFAHAN PCL-210 05/06 06/06 09/06
      1,452 words
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      458 19 I Loading for I OCEAN FIANGER RDM/ATW/BMN/UK I EFESSOS RDM/ATW/BMN/UK I Loads Singapore. E-/W. Malaysia. Indonesia J Loading for EFFY N JDH/AQA/DMT MORNING STAR DBI/ABU/DOH/BRN/DMM/KWT WAGLAN LIGHT DBI/ABU/DOH/BRN/DM M/KWT SEA RENOWN DBI/ABU/DOH/BRN/DMM/KWT CORAL! ADN/HDD RAN EXPRESS HDCVJDH/AQA L DtNrTROVA JDH/AQA 'Loads Singapore, E7W. Malaysia. Indonesia I Loading for I HANJIN
      458 words
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      1316 19 EXPORT IMPORT VISSEI VQT .iML l-IBL-t KM Aft HAM VftSl i yQY HAM FLX j i SIN HJ ROME 014W .22/05 08/04 10/04 11/06 12/06, 13/04 14/06 HJ WASHINGTON 0321 I 26/04 .28/04 .30/04 03/05 20/05 PORTLAND SEN .016W .29/05 15/04 17/04 18/04 19/04 20/04 21/06 HJ BEIJING 0241 03/05
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      471 20 11 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i VESSEL VOY SIN PIR 1 SPE I lIH FXT I ANR 1 MSC RAFAELA 2112E 17 MAY 30 MAY 03JUN 08 JUN IQJUH ILIUM MSf RFGIMA ~0 OR 77MAY 04JUN 08 JUN Ml HUM IAJJIM MsflU QI2IR 29MAY 11 JUN M 2JLUUI
      471 words
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      792 20 BANGKOK/MAP TA PHUT/LA EM CHABAWG JAKARTA/PANJANQ vessel I VOT SIN IKK MTT LCH VKSK VOT SW *T PJM NAWTAIHUM S4BN 11/05 23/ OS 22/05 JMIBUM 132 UM Mi XETHABHUM" m J9ZOS 24/01- jjj 7 M g-gg—ss —ass -is IHUM AKA IHUM 448S 23/05 27/05 MWlimiM** 214N__23/05 27/05 2S/OS_ ca>ttnQ qtc
      792 words
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      721 20 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULL CONTAINER SERVICE VR VOT PKG SN FW Wt STD Mfi HBA MX FRf MYKPWK oes N/05 72/05 28/05 03/06 05/06 06/06 FOND AMUSE "ST 28/05 29/05 08/04 To/06 12/06 15/06 API IVORY mr M/ 06 05/06 11/06 17/06 19/06 22/06 POTSDAM ioT 11/06
      721 words
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      424 21 BSA x MM* MYANMA pBBk FIVE STAR LINE wT (Myanmar National line) 1 Loading for Yangon VESSEL VOY SIN PKI PEN PGU BAGO 118W SU> MONG LA 45W SLD MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TEL 03-*****300 PKL: TEL 03-*****101 PEN: TEL 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A service
      424 words
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      1282 21 HMMO HYUNDAI MERCHANT MARINE CO., LTD. iVBSa VOT 181 I SOU I LEH I BTW I AWT I HAIW IWV [VtSSa VOT I SOU LBI I KTM I ANT I HAM I BRV HIT APISPWa 101W 17/05 04/06 09/06 06/06 07/06 MGUm 1021 23/04 21/04 25/04 26/04 17/05 MOL ADVANTAGE
      1,282 words
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      1086 21 VItN WALLENIUS WILHELMSEN 10 NORTH AND LATIN AMERICA RORO HIAVYUFT SERVICE" [VtSStL VOT RAMP HEIGHT SIN I LtC* I MAO MIA SAV I lAt I ORF NYC NEW MOB~ TEXAS AHIII 400 Tom 6.3 M 21/05 27/06 30/06 02/07 04/07 05/07 07/07 11/07 13/07 TOM AHII2 400Tmb 6.3 M 09/06
      1,086 words
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      70 24 New Advertisers/Services/Agencies AfiCV mm** SINGAPORE PTE LTD W 15 McCallum Street 003-01/02 Natwest Centre Singapore *****5 Fax (65)*****66 Email generalsecusin eculine net Website httpVAnrww eculine net 3 SAILINGS PER WEEK TO SHANGHAI Call: 220 3373 Look Out for New Advertiser Tomorrow WESTOCiAN LINE Weekly Service U.N. approved IRAQ shipments I
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      651 25 SASIA EXPRESS LINES SINGAPORE AGENT: JARMNE LINER SUPPORT SERVICES VESSEL VOY I'sWGAPORE PASMGUOAMG PORTRELANO PENANC MAMAUS PAMGRACHT 05/01 26/05/2001 27/05/2001 28/05/2001 SUB INDUCEMENT 30/06/2001 GRACHT 06/01 26/06/2001 27/06/2001 28/06/2001 SUB INDUCEMENT 30/07/2001 GRACHT 07/01 26/07/2001 27/07/2001 21/07/2001 SUI INDUCEMENT 30/08/2001 GRACHT 08/01 26/08/2001 27/08/2001 28/08/2001 SIIB INDUCEMENT 30/09/2001 GRACHT 09/01
      651 words
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      442 25 I I IIiICO a NO; 137MMOOOOC Wtksita klli://fUNMM I /Ty KUZ. LI lilt J MAW: TEL: 02-221-1333 MX: 02-221-5272 I gMM aiSTOmSOVICI: TIL 02-221-SS96 FAX: 02-*****90 SWGtfOtfcTOWGJOOSWmNGfTItro EaAb^iftljirwiH GKENG 212SS 17/05 GMA ***** 16/05 GISIANG 2197 17/05 GISIANG 2197 17/05 SHMUNEI 2104 19/05" GISOIG ***** 17/05 OIMM ***** 21/05 GIKIM
      442 words
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      449 25 I *mm ENGLEE SHIPPING CO PTE ITD I T*l: *****22 (10 Ums| Fas: *****38/532*9*0 I aiK m2woooo( I VESSEL VOT SIN ETA SINETD DESTINATION limon Star 12 03/01 16/05 16/05 Bontong Smat Central 04/01 19/05 19/05 Dumo/Perawono OwiDovo 04/01 20/05 70/05 Ouma/P fioru/Buaton limon Star 32 05/01 20/05 70/05 Suraboyo
      449 words
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      569 26 I VESSEL VOY SIN MAA SIN I MILDBURG 06N/01 20-20/05 2&04/06 09-09/06 TIGER BRIDGE 896N 24-24/05 30-02/06 07-07/06 TIGER SPEED 897N 27-28/05 02-05/06 10-11/06 I TIGER METRO 898N 30-31/05 05-08/06 13-14/06 TIGER RHYTHM 899N 04-04/06 09-12/06 17-18/06 I TIGER BRIDGE 900N 07-07/06 13-16/06 21-21/06 Ivesse^^^VO^^Sl!^^CA^^Sl!^| XPRESS PADMA 405 19-20/05 27-29/05
      569 words
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      1143 26 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 IQflr Tel: *****11 Fax: *****77 E-mail: llesin@singnet.com.sg MALTA VILLEDE VELA 119-4 TAICHUNG UNI ORIENT 0047-079 ETA SIN: 21 /05/01 ETA SIN: 19/05/01 BRISBANE BUNGA TERATAI4 811 HO CHI MINN PHUXUAN2SN ETA SIN: 22/05/01 ETA
      1,143 words
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      707 26 TO IUWOfI CHINA N. EUROPE SERVICE VESSEL VOY HKG XGG UO SHA TRADE HALUE 002E 19 MAY 23 MAY 27 MAY 29 MAY 31 MAY HJ S|N6AKME —SS4E 26 MAY 30 MAY 63 JUN Qj JUN 67 JUN HI VANCOUVER 07IE 02 JUN 06 JUN 10 JUN 12 JUN 14
      707 words
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      9 26 KEEP ABREAST OF MARITIME LEGAL MATTERS IN EVERY FRIDAY
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  • Page 27 Miscellaneous
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      Lock icon Page 27 Miscellaneous Column 1
      127 27 ~*~~--»3' V ww^i^^^,>^w s "*~TTJE TssE"*~ ~2stS>'.;:i LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers op x Ram lemperature Wind direction and speed in knots a Weather Cloudy Day Sea Conditions Wind speed symbols O Full circle w/o line indicates calm or light and variable winds ->—«One half
      127 words
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      39 29 Iza Modern Peranakan... Continuing The Tradition /w 'BLUE GINGER \u£ZA RESTAURANT *>7 tanjony payer road, Singapore OXXSIB tel: 222 .VJ2B unit 05-02 C the liccren, 2611 orchard mad. sinyaporc *****5 to I: 835 3928 I'or Catering, please call 222-3928
      39 words
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      64 29 rm'.ufc Fast Gate li DVANTEST, Cold Storage Tht frtrh faud pi of.it The best companies run Oracle for financials. www.oracle.com Copyright 2001 Oracle Corporation All right reserved Oracle is a registered trademark, and Software Powers the Internet is a trademark or registered trademark of Oracle Corporation Other names may be
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  • e-NEWS
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      Lock icon German banks to give 20m signature chip cards
      235 30 LONDON FT GERMAN savings banks are to give chip cards embedded with electronic signatures to up to 20 million customers in an attempt to kick-start their use for online security. Deutscher Sparkassen Verlag (DSV), the central supplier to the country's Sparkassen, the
      FT  -  235 words
    • Article
      Lock icon A face-off between record firms, music publishers looms
      433 30 LOS ANGELES They're disputing royalty payments for music streamed over the Internet Reuters RECORD companies face off against music publishers and songwriters like Lyle Lovett in Washington this week in a growing dispute over royalty payments that threatens industry plans to sell
      Reuters  -  433 words
    • Article
      Lock icon CyberWorks is keen to buy all of M1 and values it at US$1.2b
      420 30 SINGAPORE Bid, if any, will be made through venture with Telstra, it says Bloomberg PACIFIC Century CyberWorks, which owns 15 per cent of Mobile One Asia (Ml), said its stake in Singapore's second-larg-est cell-phone operator is worth
      Bloomberg  -  420 words
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      Lock icon When Silicon Valley dreams shatter
      486 30 AFP [SAN FRANCISCO] Young workers with shattered dreams of quick fortunes are giving up on Silicon Valley. "Bitter I'm not," said James Fisker, who came to San Francisco from the Midwest five years ago to be a freelance Web designer. Mr Fisker's business all but
      AFP; AP  -  486 words
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      Lock icon NTT DoCoMo raises 120b yen from bond sale
      232 30 TOKYO Bloomberg NTT DoCoMo Inc, Japan's biggest wireless phone company, raised 120 billion yen (Ssl.B billion) selling bonds to help pay for a string of purchases of stakes in companies around the world. The sale was increased from a target of 100
      Bloomberg  -  232 words
    • E Briefs
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        Lock icon BSkyB to buy BritTel stake in Open
        90 30 Bloomberg [LONDON] British Sky Broadcasting Group will buy British Telecommunications' stake in Open for as much as £384 million (Ss99o million), giving Europe's No 2 pay TV company full control of the interactive TV service. BSkyß, which last week bought a majority of
        Bloomberg  -  90 words
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        Lock icon Sony to issue tracking stock
        90 30 Bloomberg [TOKYO] Sony Corp, the second largest consumer electronics maker, applied to sell 12 billion yen (*****.4 million) of shares pegged to the performance of its Internet unit, the first Japanese company to issue a tracking stock. The 3.07 million new shares, which will be
        Bloomberg  -  90 words
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        Lock icon China Unicom signs US$1.4b deals
        74 30 Reuters [HONG KONG] China Unicom Group yesterday awarded US$l.46 billion in contracts to provide equipment for a massive mobile phone network based on the CDMA standard, ending years of expectation and frustration for several Western technology firms. The parent of No 2 mainland mobile phone
        Reuters  -  74 words
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        Lock icon Bail for Lucent scientists
        105 30 Bloomberg [NEWARK, New Jersey] A federal judge on Monday granted bail to two Lucent Technologies scientists and an associate who face charges of passing company secrets to a government-owned telecommunications firm in China. US Magistrate Judge Stanley Chesler set bail at US$9OO,OOO each for the Lucent
        Bloomberg  -  105 words
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        Lock icon Yahoo! to host baseball website
        77 30 Bloomberg [NEW YORK] Yahoo! Inc reached agreement with the Major League Baseball Players Association to host the union's website, officials from the global Internet media company and union said in a press release. Yahoo, owner of the most used site for searching the Internet, will
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      • Article
        Lock icon CSC posts US$61m Q4 earnings
        69 30 Reuters [NEW YORK] Computer Sciences Corp, the world's No 3 computer services supplier, on Monday reported fiscal fourth quarter results in line with the company's sharply lowered expectations, but said it expected profits to gradually recover after the fiscal first quarter. For the quarter ended
        Reuters  -  69 words
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        Lock icon Ericsson to sell bonds for US$1.4b
        89 30 Bloomberg [STOCKHOLM] Ericsson AB, whose credit rating was reduced on Monday by Standard Poor's, plans to raise about US$l.4 billion by selling bonds to repay debt and develop new products. The No 1 maker of equipment for mobile phone networks will sell 1.25 billion
        Bloomberg  -  89 words
    • Article
      Lock icon Ex-Apple CEO plans hands-on role at venture firm
      458 30 SAN FRANCISCO Amelio expects IPO market to recover by next year Reuters FORMER Apple Computer Inc chief executive Gil Amelio, now a partner in a Silicon Valley venture fund, said on Monday he expects the IPO market to recover by next year,
      Reuters  -  458 words
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Fewer wedding bells ring in US
      683 31 Latest census shows growth in unmarried couples has outstripped that of married couples and more women are bringing up children on their own AP [WASHINGTON] ALONG with the population growth of the 1990s came big changes in the face of the American household the
      AP; REUTERS  -  683 words
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      127 31 Since 1975 our worldwide staff of over 275 multi-disciplined professionals w" V V including lawyers, chartered accountants. i V chartered secretaries and bankers have >' ft V provided confidential and cost effective company formation in all the major low tax including v v* < fl Incorporation Fees from USSSOO The
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      1152 31 mBBR HOLDINGS (S) LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BBR Holdings (S) Ltd will be held on Thursday, 31 May 2001 at 10.00 a.m. at Board Room, BBR Building, 50 Changi South Street 1,
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      1151 31 I m BBR HOLDINGS (S) LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Board Room, BBR Building, 50 Changi South Street 1, Singapore *****6 on 31 May 2001 at 11.00
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  • MOTORING
    • Article
      Lock icon Big rush for cars, except the Mercedes Benz
      622 32  -  track Despite price cuts of up to $30,000, the marque missed the fish market crush at other showrooms christopher tan ACCORDING to the grapevine, the latest round of Mercedes-Benz discounts last week barely a month after an earlier round did not generate
      622 words
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      Lock icon New BMW M3 zooms ahead
      327 32  -  Bookings for the &2-litre, high-performance coupe top 6, even before its Jnly launch All reports by Christopher Tan MORE than half a dozen wealthy driving enthusiasts have booked the new BMW M 3 highperformance coupe at $326,000 (without COE) apiece, and well ahead of its
      FILE PHOTO  -  327 words
    • Article, Illustration
      Lock icon No recall for Rolls, Bentleys in S'pore
      473 32 OWNERS of Rolls-Royce and Bentley cars here can rest easy. None of their million-dollar carriages are prone to exploding. The Rolls-Royce and Bentley Motor Cars regional office has confirmed that a recall initiated after such an incident in the US does not affect
      FILE PHOTO  -  473 words
    • Article
      Lock icon BMWs to come with navigator
      324 32 The 7-series cars will be the first here to have the in-built voice-based system FROM next month, BMW 7-series cars will come with satellite navigation systems making them the first here to have such sophisticated equipment. Developed by electronics group Mannesmann VDO, in collaboration with
      324 words
    • Article, Illustration
      Lock icon CCL eyes Peugeot ops in M'sia
      473 33  -  exclusive Subsidiary Cycle Carriage Bintang is up against Sime and Oriental for the assembly and distribution business Reports by Christopher Tan Despite half a dozen new businesses acquired just last year, Cycle Carriage's appetite for new ventures is far from sated. Through subsidiary Cycle
      FILE PHOTO  -  473 words
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      Lock icon TD 2000 brings back old-world charm
      407 33 CCL signs deal to distribute Malaysian-made MG-based car here THOSE who miss the charms of Old World cars will be glad to know Cycle Carriage has secured the distribution rights for the TD 2000 a vintage-style car built on modern technology. The listed motor
      407 words
    • BUMPER to BUMPER
      • Article
        Lock icon Trafficmaster, motorola in tie-up
        103 33 TRAFFIC information and vehicle-tracking service Trafficmaster has tied up with Motorola to sell navigation services to motorists. Trafficmaster chief executive David Martell told the Financial Times the service will offer turn-by-turn navigation through the car's radio speakers for about £300 (*****), or via a subscription of
        103 words
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        Lock icon Honda rolls out automatic hybrid
        68 33 HONDA has introduced an automatic version of the Insight hybrid that has a US fuel-efficiency rating of 57 miles a gallon in city driving. Bloomberg said this makes the car the best among automatic vehicles and second overall to the manual transmission Insight. The manual
        68 words
      • Article
        Lock icon Restructuring of Lotus planned
        191 33 GROUP Lotus, the Norfolk-based sports car maker and engineering consultancy, is to cancel the planned launch next year of an important new sports car, according to the Financial Times. The move is part of a strategic review involving a wholesale restructuring of the company to take
        191 words
      • Article
        Lock icon BMW in demand despite US slowdown
        109 33 BMW sold 20,012 cars in the US in April, making it the top-selling luxury brand there last month. Despite the general slowdwon in the country, BMW expects to cross the 200,000-mark this year. April was the second-best month for BMW in the US (the
        109 words
      • Article
        Lock icon Fiat posts 16m euro operating loss in Q1
        126 33 ITALIAN conglomerate Fiat's car-making unit veered into an operating loss during the first quarter, as weak markets in Europe, Turkey and Argentina offset synergies from its recent alliance with General Motors, the Financial Times reported. Fiat Auto posted an operating loss of
        126 words
      • Article
        Lock icon Germany's Edeka threatens to sue Fiat
        123 33  -  Compiled by Christopher Tan GERMAN supermarket chain Edeka is prepared to sue Italian automaker Fiat if it fails to deliver cars which the grocery store is offering for sale, according to AFP. Quoting Focus magazine, AFP said the threat is part of a dispute
        123 words
    • Article, Illustration
      Lock icon The OMV guide
      1388 33 Source: LTA Average open market value (OMV) of cars registered in March. MODEL/MAKE CC AVE OMV($) ALFA ROMEO A1461.6TS 1,596 17.680 ALFA ROMEO A156 2.0 1.970 25.845 ALFA ROMEO A156 2.5 2.492 28.386 ALfiA ROMEO A166 3.0 2,959 45,132 AUCIA31.6A30-t 1.595 19.193 MJOIA31.6A5DR 1.595 21.89G AUDI A4'
      Source: LTA  -  1,388 words
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      1238 32 mediaring.com MEDIARING.COM LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mediaßing.com Ltd ("the Company") wHI be held at the Hullet Room. The Westin Stamford Westin Plaza. 2 Stamford Road. Singapore *****2 on Thursday, 31 May 2001
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  • WORLD news
    • Article
      Lock icon Faulty 'sell' order leads to US$45b wipeout on LSE
      534 34 LONDON It sends market into nosedive in last minnte of trading on Monday Bloomberg Reuters A COMPUTER-GUIDED sale on the London Stock Exchange (LSE) in the last minute of trade on Monday wiped US$45 billion off the market's value. The benchmark
      Bloomberg; Reuters  -  534 words
    • Article
      Lock icon EU tobacco controls okayed
      472 34 BRUSSELS Cigarette packets conld be covered with graphic photos on consequences of smoking AP THE European Parliament voted yesterday to adopt stringent new legislation on tobacco marketing that could see cigarette packets covered with graphic photographs illustrating the health consequences of smoking. Under the rules approved
      AP  -  472 words
    • Article
      Lock icon Beijing, Paris, Toronto Olympic bids 'excellent'
      406 34 ■LAUSANNE AP BEIJING, Toronto and Paris won strong endorsements yesterday for their bids to stage the 2008 Summer Olympics. The International Olympic Committee (IOC) rated the three cities as offering "excellent bids" while ruling out Osaka and Turkey as potential hosts. "It is the
      AP  -  406 words
    • Article, Illustration
      Lock icon Murdoch says he feels 'sorry' for Ted Turner
      529 34 LOS ANGELES Turner's profile has weakened since the sale of his company to what's now AOL Time Warner Reuters RUPERT Murdoch, the powerful chairman of media giant News Corp Ltd, says he feels "sorry" for rival Ted Turner, whose once considerable profile
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    • Article
      Lock icon Plan to close NY subway hub draws Chinese ire
      467 34 ■.NEW YORK Reuters NEW York's Chinese-Ameri-can community is bracing for one of its lifelines to be severed. Grand Street Station, which serves Chinatown and links Chinese-Americans in outlying areas to the Manhattan hub, is scheduled to close around Aug 1. The
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    • WORLD Watch
      • Article
        Lock icon EU may block Lufthansa-Austrian pact
        81 34 Bloomberg [BRUSSELS] The European Commission threatened to block a route-sharing agreement between Deutsche Lufthansa and Austrian Airlines, sending a signal it is taking a tougher line on airline alliances. Lufthansa and Austrian Airlines control 100 per cent of the market on almost all of the
        Bloomberg  -  81 words
      • Article
        Lock icon Wal-Mart Q1 profit rises 4%
        80 34 Bloomberg [BENTONVILLE, Arkansas] Wal-Mart Stores Inc said fiscal first quarter profit rose 4.1 per cent as low prices and an expanded selection of groceries attracted shoppers and helped protect the biggest retailer from the slowing US economy. Net income in the quarter ended April 30
        Bloomberg  -  80 words
      • Article
        Lock icon HSBC to arrange first IPO in Japan
        104 34 Bloomberg [TOKYO] HSBC Holdings, which has been operating in Asia for 136 years, will arrange a stock sale for contract staff agency Fullcast Corp, the first time it's been hired to handle a Japanese initial public offering, said Yoshitomo Izura, head of syndication
        Bloomberg  -  104 words
    • Article, Illustration
      Lock icon Koizumi's apparent lack of game plan worries even confidants
      797 35  -  Front. Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi's popularity with voters continues to soar, but financial markets and even some of his political confidants are becoming worried that he is neglecting serious economic problems while focusing on constitutional reform
      797 words
    • Article
      Lock icon Berlusconi wins election, stresses ties with US
      402 35 His centre-right alliance wins absolute majority in Italian Parliament FT, Reuters [ROME] Silvio Berlusconi, the media tycoon, on Monday pledged a new era of change in Italy after winning a decisive victory in the general election. He also invoked a "special relationship" with
      FT,; Reuters  -  402 words
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      Lock icon Billionaire a champion of capitalist virtues
      425 35 AP [ROME] Silvio Berlusconi, the leader of the conservative coalition, boasts one of the larger fortunes in the world, an ego to match and a suntan that never fades. His sprawling empire is worth at least US$l2 billion and includes Italy's three main private
      AP; AP,AFP PHOTOS  -  425 words
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      Lock icon Jolt for Blair in his bid for a second term in office
      308 35 LONDON Opinion poll shows a drop in his lead over Conservatives Reuters THE first alarm bells rang for Prime Minister Tony Blair's re-election bid next month when an opinion poll yesterday showed a drop in his lead over
      Reuters  -  308 words
    • Article
      Lock icon Platinum sales to China's jewellery industry surges
      286 35  -  Prom Neil Behrman in London SALES of platinum to China's jewellery industry jumped 16 per cent to 1.1 million ounces last year, outstripping Japan for the first time. This increase took place despite resistance to high prices at the end of last year,
      286 words
    • Article
      Lock icon SEC to check more closely foreign firms that tap US funds
      639 36 WASHINGTON It wants to weed oat those that trade with countries subject to US embargoes Reuters US securities regulators said on Monday they were stepping up scrutiny of foreign firms seeking access to US capital markets even as they
      Reuters  -  639 words
    • Article, Illustration
      Lock icon Shift US military focus to Taiwan, says study
      613 36 WASHINGTON Access to facilities needed in Sonth-east Asia in the event of a China attack, it says AP, LAT-WP THE US should shift the focus of its military presence in Asia towards the Philippines and other nations closer to Taiwan; a US
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    • Article
      Lock icon Powell to allow Taiwan's president brief stop in US
      492 36 WASHINGTON NYT US Secretary of State Colin Powell said on Monday that he would grant President Chen Shui-bian of Taiwan permission to stop briefly in the United States on his way to and from Latin America. But General Powell stressed that
      NYT  -  492 words
    • Article
      Lock icon UBS profit slides 29% in 1st qtr but sees new net inflows
      309 36 ZURICH Reuters ÜBS AG reported a 29 per cent fall in first-quarter net profit to 1.58 billion Swiss francs (Ssl.6 billion) yesterday but investors welcomed news of net inflows to its key wealth management business. Analysts had expected
      Reuters  -  309 words
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      535 34 iVe concerns over a faltering US economy, growing instability in the South-east Asian region and the irreversible trend toward globalization is forcing companies to re-examine their business strategies so as to better meet the new challenges and opportunities ahead. Local businesses must be prepared to face the many new challenges
      535 words
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      159 35 m T n m I F* Asia 2001 Exhibition 11 Exhibition of products and services in and 11 relating to food ingredients such as II ,jv,t4 sweeteners, enzymes, proteins, oils, starches, 11 m stabilisers, cocoa, colours, flavours, aromas, 11 and spices etc II Fi Asia 2001 Conference 11 F. (23-24
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      1408 36 c NOTICEOFANNUALGENERALMEETING ifvß UNITED LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of SMB UNITED LIMITED ("the Company") will be held at 9 Senoko Drive, Singapore *****7 on Thursday, May 31, 2001 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the
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      302 36 In the Matter of The Companies Act, Cap. 50 and In the Matter ot LOGOMAS UTAMA (S) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the above-named Company duly convened and held at 10 Anton Road, #35-11, International Plaza, Singapore *****3 on Tuesday, the 15th day
      302 words
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      21 36 Wjt Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. CATS. Another Classified Service
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  • FINANCE & commodities
    • Article
      Lock icon STI May contract gains 1%
      259 37  -  SGX Derivatives Trading Report ST Index/MSdSTpore Index Wong Ann Chuen Refco Singapore Pte Ltd SINGAPORE stocks drifted yesterday in thin volume ahead of the meeting later in the day of the US Federal Open Market Committee. The benchmark Straits Times Index rose 10.56 points, or
      259 words
    • Article
      Lock icon Futures end near day's low as stocks fall
      236 37  -  MSCI Taiwan Index Wong Ann Chuen Refco Singapore Pte Ltd TAIWAN stocks fell yesterday, led by semiconductor companies on concern that demand may not pick up as strongly as expected in the second half of the year. The MSCI Taiwan Stock Index
      236 words
    • Article
      Lock icon CURRENCY REPORT
      229 37 Reuters London THE US dollar rose a quarter per cent to two-week highs against the yen yesterday, as Japanese demand for foreign assets was said by traders to be driving currency markets before a keenly-awaited Federal Reserve meeting. The yen lost more ground against the euro than the
      Reuters  -  229 words
    • Article, Illustration
      Lock icon Untitled
      1255 37 MTBRBAMM CROSS RATES \layi:, AS C$ Bwb Eiro Ffr 1 Dm HK$ Iwd t» INptoli Yen Wow RM N2$ Pafc»« Peso S$ Rand Sfr NT$ Btfit Pound US$ Australia 0.801 4.279 0.589 3J67 1.153 4.022 ***** 59.171 0.636 6.721 1.959 1.239 31.754 25.882 0.938 4.124 0.903 16.970 23.465 0.363 0.516
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      Lock icon Untitled
      1928 37 SICOM FUTURES May 15 RUBBER (futures closing as at 5.30pm) RSS1 cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 01 109.75 Jul 01 110.25 250 Aug 01 110.50 250 Sep 01 112.00 250 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Law Sett (tonnes) Interest Jun
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      36 37 N M ROTHSCHILD SONS X \r ovtr 200 ytart of banking 0 Tel: 65-535 9677 65-535 9100 Fax: 65-535 8713 it n a j m r a Email: treasury@rothschild.com.se Call Rothschild Treasury Services today. Website: www.nmrothschiid.com.sg
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Market marks time as it awaits Fed rate move
      2873 38 HONG KONG AFP Hang Seng -M 8 HONG KONG share prices dropped marginally on late profit-taking yesterday, amid reduced expectations of an aggressive rate cut by the US Federal Reserve later in the day, dealers said. The Hang Seng Index closed
      AFP  -  2,873 words
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      Lock icon CHINA
      1102 38 Reuters Shenzhenß Index -L 45 CHINA'S hard currency B shares closed mixed yesterday as light prof-it-taking emerged late in the session, pushing Shenzhen B shares to a lower close and pulling Shanghai off intraday highs, brokers said. But punters bought up stocks in companies with poor earnings records, pushing
      Reuters; Source: Credit Lyonnais Securities (Asia) Ltd  -  1,102 words
    • Article
      Lock icon TAIPEI
      378 38 AFP QWPMex -VIM TAIWAN share prices closed 0.3 per cent lower yesterday in thin trade amid weak sentiment, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 17.66 points to 5,158.79, following a 1.1 per cent decline in the previous session. The turnover was NT536.30 billion, the lowest
      AFP  -  378 words
    • Article
      Lock icon Late foreign buying lifts Tokyo shares 1.3%
      2070 38 TOKYO AFP El Nikkei 225 +18L01 TOKYO shares rose 1.3 per cent yesterday as foreign investors bought major stocks in late trading on expectations that Japan will carry out sweeping structural reforms, brokers said. The Tokyo Stock Exchange's Nikkei--225 Index closed 181.01 points
      AFP  -  2,070 words
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL shares close 0.9% lower as foreign funds sell
      452 39 AFP, AFX-Asia |3 Composite Index -533 MALAYSIAN shares closed 0.9 per cent lower yesterday on selling led by foreign institutions before the meeting of US central bankers later in the day to set interest rates, stock market dealers said. The Kuala
      AFP,; AFX-Asia  -  452 words
    • Article
      Lock icon Untitled
      8879 39 INDUSTRIALS ConswMr protects 2001 Last Vol Day Nat Cap HHIi Low Company SaH 'OOP HUh Low Pit $wM 340 290 Ajinomoto 292 8.8 118.4 45 24.5 Angkasa 29 42.8 342 282 Apollo Food Hlg 300 -4 14 304 300 6.5 120.0 356 266 Asia Tito 280 11.2 W6.4 3875 3225
      8,879 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2667 40 BONDS WARRANTS May 15 rn Ms tnml b0ry Latf V« Bey MM M CM Ear Mk 1Mb in> t— ci nun m» *m- mn t— n« m» ww tmrnmnmiit w (%> un 37 0.5 s Acma W*****4 0.5 0.5 1 41.0 1 300 671 78.00 2 22 2.5 S AHTech
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      Lock icon BANGKOK
      731 40 AFP Q SET Index 4M THAI stocks closed marginally lower yesterday as investors remained sidelined ahead of a US Federal Reserve meeting. The Composite Index lost 0.06 points to close at 307.47 points. The select SET 50 was also off 0.05 points at 20.62. Advancers outnumbered decliners 126 to
      AFP  -  731 words
    • Article
      Lock icon MANILA
      284 40 AFP Composite Index -2(186 PHILIPPINE stocks fell 1.8 per cent yesterday after unofficial election results started showing the opposition gaining some lost ground. The Philippine Stock Exchange Composite Index fell 26.86 points to close at 1,457.97. The volume fell to 344 million shares—AFP my 15 EMO COOP) Abacus Construction
      AFP  -  284 words
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      Lock icon JAKARTA
      750 40 AFP PJ Composite Index +2.60 INDONESIAN shares closed 0.7 per cent higher yesterday on broad-based bargain hunting ahead of the US Federal Open Market Committee (FOMC) meeting later in the day, dealers said. The Jakarta Stock Exchange Composite Index closed up 2.60 points at 370.88 on a volume of
      AFP  -  750 words
    • Article
      Lock icon WELLINGTON
      266 40 Reuters □HEB-40 -OIM THE New Zealand share market ended flat yesterday. The NZSE-40 Capital Index moved sideways and ended down 0.92 points, or 0.04 per cent, at 2,079.71. The turnover was NZ$Bl million, almost half of which consisted of wine-maker Montana's shares. Reuters nn« ms cooo) Advantage HDS 0.82
      Reuters  -  266 words
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      Lock icon SYDNEY
      557 40 AFP FlAllOrfiMries *7.40 AUSTRALIAN shares rose 0.2 per cent yesterday, ahead of a US Federal Reserve decision on interest rates. The All Ordinaries closed 7.4 points higher at 3,326.6 while the SP/ASX 200 added eight points to 3,390.2. The All Resources Index closed unchanged at 1,541.9 points, but the
      AFP  -  557 words
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      Lock icon SEOUL
      307 40 AFP n Composite Index -2.78 SEOUL'S Composite Index fell 2.78 points, or 0.5 per cent, to 581.30 yesterday. The volume stood at 552 million shares. —AFP Mat 15 Anam Semi 4600 -195 Br tin Tech 600 -5 Central Bank 170 unch ChetlComm *****0 -3500 Dm Cu Bank 1475 50
      AFP  -  307 words
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  • Article
    Lock icon STOCKS sgx
    7925 41 SGXMAINBOARD Gr fir MM 52-Wfc Last Vol Day Latt Quote Dk (k W M Cm Awf Will U» Cominy Sale W- fH HNk Uw tmm »*r Cm Wt hto MULTI-INDUSTRY 143 35 c AcmaSOc 39 cd -0.5 54 39 38.5 38.5 39 0.5 19.9 0.6 10.3 67.7 40
    7,925 words
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      54 41 YOUR NEEDS j/f Car LQHmn4ofne Loan Share Loan Commercial/Industrial Loan >wl/tfOT S Esst Codst.* 348 8262 BG3ch Rdi 292 1459 m j bbub b bhi c 3 Jfijll '•&>' Bedok 445 8011 Bukit T.mah 467 1916 U(| I I|l||b Wo|| f|f»QW 3 Ang Mo Kio: 458 4222 Serangoon: 299 8855
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      293 42 Where to wine, dine and entertain../^ Never Say Never on A Sunday Sunday Lunch with Dim Sum At The Marriott Make your Sunday with unlimited complimentary prosecco accompanied by our celebrated international cuisine. Dim Sum, Assorted Sushi, Baked Salmon, Roast Sirloin of Beef and much much more. Adults: $60+++ (with
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      Lock icon Page 42 Advertisements Column 2
      116 42 Buffet Buffet High Tea Lunch Dinner AduHnir* Child ihek»6yiii: $7.50* Mon to Fn Nightly Saturdays. Sundays and 11.30 am -2 pm 6.30 pm -10 pm Public Holiday Adult: $14.8©*" Adult: $16.80- 12 noon-5 pm Except on *Mothers Day, Lhlld below lOyrs): Lhlld (below 10 yrs»: ]^J a y 2001 (Sun)
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      Lock icon Page 42 Advertisements Column 3
      88 42 Whet your appetite for Sashimi, Oysters, Sushi, mouth-watering barbecued meats and more. Available Sunday to Thursday at $29 per adult, children enjoy 40% discount. Add an additional *$10 and *$15 per person to enjoy unlimited flow of beer and wine respectively with your meal. For reservations, please call 432 5567.
      88 words
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      Lock icon Page 42 Advertisements Column 4
      39 42 font mt JLT j Ute m' M«- &W& Ib IHfiiUi 4 f a i m a LUNCH DINNER PRIVATE DINING ROOMS VALET PARKING AVAILABLE LEVEL 1 KING'S CENTRE 390 HAVELOCK ROAD SINGAPORE *****2 TEL: 836 6866 FAX: 738 2083
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      Lock icon Page 42 Advertisements Column 5
      53 42 tf g;».,s|.M.,am M m. --M,pM?;?; rf i of Zi^ fA .festival of il inc Cuisine of j lsace,„ j rance Revolving 9to 20 May 2001 1W floor Reservations: 831 6258/88 jjlßftfS 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 You will find it all here at Wine,
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  • Page 42 Miscellaneous
    • Miscellaneous
      Lock icon Page 42 Miscellaneous Column 1
      910 42 Page 28 Central 2.00 Wed Afternoon Movie: ruption. 4.00 CNA Today. 1 Changing Habits. BJO Triad Justice. 430 Headlines/Singapore ffrw 9-00 AM Kids Central: Alle- 4.00 Gary Rhodes At The Update. UliißiiatßiiHiMßßMliir era's Window. Table. Bvk 434 The Asian Edit/ Asia ■IfltrgilPrlM »-3® £H£!3feB?u™nit a i H2 W\ aV f
      910 words
    • Miscellaneous
      Lock icon Page 42 Miscellaneous Column 2
      275 42 CRYPTIC CROSSWORD ACROSS 6 Side turning comes to an end (4) llt won't let you come straight in 7 Coach attached to cricketing (9, 4) side in play (2-5) 10 fV>n«arlpr rpfprpnnp (7\ 8 Driving force (7,6) 11 Time and motive for crime (7) 9 Such an enthusiastic traveller is
      275 words
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  • MONEY matters
    • Article, Illustration
      Lock icon What's next, Mr Greenspan?
      1070 43  -  I :j I comment CURRENCIES US 10-year Treasury yield is now higher than before this year's rate cuts larry wee AHEAD of the Fed's eagerly awaited overnight decision on interest rates, a closer look at the US bond and stock markets will reveal why financial markets
      Source: Bloomberg; Source: Hypovereinsbank  -  1,070 words
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      Lock icon Singapore bond yields going on downward trend
      850 43  -  Expect drop of some 25 basis points to 3.3% by September By] Hsin-Li Chia The writer is a strategist with JP Morgan Chase in Singapore. This article is not an invitation to invest. BTand its contributors will not be held liable in any
      Source: JP Morgan Chase  -  850 words
  • Page 43 Advertisements
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      375 43 Eu Yan Sang "-"rtfaaßlwd Capsules Xndeirt Remedy Ungzhi or the Ganoderma Lucidium mushroom, an umbrella-like mushroom fungi, was known to ancient Chinese emperors and nobles as "The Wonder Herb" for its excellent health enhancing properties. Fes, MEy p Modern Marvel ,SJuV Today, Lingzhi is used as an aid to increase
      375 words
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  • asiaone markets
    • Article, Illustration
      Lock icon Return of the tech stock
      692 44 WallStraits.com's technology portfolio fares surprisingly well in the midst of the bear market, thanks to strong gains at TPV and Stratech WHEN you start a portfolio tracker project in full public view, and one of your tasks is to assemble a 20-stock technology portfolio during
      692 words
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      Lock icon Remember 'buy low'?
      476 44  -  A slump is a buying opportunity; recovery closes the window By Lim Chung Chun ONE should always remember that stocks move in anticipation of a recovery. When investors anticipate that there will be a recovery, share prices will move up as they are prepared to pay a
      REUTERS  -  476 words
    • Article
      Lock icon Talking PEs: look for the growth potential
      918 44  -  Prospective or forward PE ratios are better indicators of a company's potential By George Lam The writer is a senior consultant with JCF Group THE current price earnings ratio of a particular stock (PE or PER for short) is the ratio obtained by
      918 words
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  • UNIT TRUSTS
    • Article
      Lock icon Schroders offers guarantee+insurance
      731 45  -  Its new capital protected fund is the first unit trust to offer insurance at 125% of your holding, serena no checks it out SERENA NG SCHRODER Investment Management has come up with a new capital protected fund which comes with free life insurance coverage of 125 per
      731 words
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      Lock icon Unit trust scoreboard
      497 45 mm mm mm mmm ■HP— TOP 10 FUNDS CPF-APPROVED BENCHMARK (SG) CHNG CHNG 1 UOB United Gold General N 34.29 Goldman Sachs! -0.34 Sector Commodity Nat Res Commodity 2 HSBC Chinese Growth N 33.54 CLSA China World 8.66 Equity China 3 DBS Shenton Global Advantage N 18.14
      497 words
    • Article, Illustration
      Lock icon Do short-term tactics really work?
      1678 45 Don't abandon long-term strategy; periodic adjustments are just as likely to get it wrong as they are to add valne to yonr portfolio WITH the significant volatility and uncertainty that prevail in investment markets at present, many long-term investors may be tempted to go against
      Source: William M Mercer  -  1,678 words
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      Lock icon Insiders send bearish signals on heavy selling
      1690 46  -  markets Buyb&cksinSPH, Noble, OCBC, Sing Land; selling at Ultro, Nera, Ipco By] Robert Halili The writer is managing director of Score Lab Asia Ltd. He is assisted by Ngia Soon Chai, Singapore News Desk THE Singapore insider sentiment ended in negative territory in
      Source: Primark ITA  -  1,690 words
    • Article
      Lock icon No supplementary fee on AIA feeder funds
      110 46 WITH reference to the article in Executive Money, "ILPs vs unit trusts: a cost comparison" (BT, May 9), AIA would like to clarify that the company does not charge an extra layer of annual supplementary fee on its feeder funds of well over
      110 words
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      33 45 A leading U.S. garment label company is looking for a representative or an agent to service our clients in Singapore. Interested parties can contact our Hong Kong office through email at markstar markstar.com.hk
      33 words
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      141 46 projecteyeball. j Category A COE prices for June nosedived from $32,100 to $101 this month. t II I I You were lucky; your bid was successful. Does that mean you instantly save $32,000? Not necessarily. In fact, you might actually end up not saving money at all if you didn't
      141 words
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  • PERSONAL INVESTMENT
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      Lock icon It's a bond, it's a stock, or is it?
      1115 47  -  DBS is selling new preference shares with 6% returns in a move related to its Dao Heng deal. What kind of instruments are they and what are the risks involved? GENEVIEVE CUA investigates GENEVIEVE CUA YOU'VE seen the large full-page advertisements
      REUTERS  -  1,115 words
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      Lock icon Hedge funds hit by March madness
      894 47 The big guys bet the market would keep sliding in April. They were wrong. [NEW YORK] The wizards of Wall Street had a bad spell in April. The market went up. For mom-and-pop investors, the Federal Reserve's surprise rate cut and the rally in
      AFP  -  894 words
    • Article
      Lock icon ACU DEPOSIT RATES Offered by various banks (as at May 15,2001)
      1137 47 Depotlt mount 1-mth 3-mth 6-mth DBS Bank AS S10.000 A24.999 4.2200 4.2200 4 2000 A25.000 A49.999 4 2400 4 2400 4.2200 Dmk S10.000 Dm99,999 3.9900 4 0300 3.9700 DmIOO.OOO Dm149,999 4 0400 4 0700 4.0200 Eur S10.000 Eur49.999 4.0100
      1,137 words
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  • EXECUTIVE money
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      Lock icon A walk on shor
      1018 48  -  If the big boys can make money from movements in different directions, why not the retail player as well? R SIVANITHY takes a look at OCBC's share borrowing facility R SIVANITHY TO most retail stock market players, the only way to make money is to buy
      REUTERS  -  1,018 words
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      Lock icon In defence of hedge funds
      2021 48  -  COVER STORY Stable returns, expert management, sophisticated strategies. What more could you ask for in an investment? YOUR MONEY peter douglas The majority of demand from hedge fund investors nowadays is for relatively low returps in the 9-20 per cent range, with 10-12 per cent
      2,021 words
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