The Business Times, 24 May 2001

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Total Pages: 42
1 42 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet http;//business-times.asial .com.sg/ THURSDAY, MAY 24, 2001 85C
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  • 76 1 □sn 1,***** (+4.66) BT-SRI 690.42 (+3.92) ST INDEX FDTDBES 1,***** (+5.00) SIMSCI FDTDBES 209.40 (unch) STOCK MAKKET INDICES Wednesday Change KLSE COMP 560.79 +427 NIKKEI 22a *****.70 -23.49 HANG SENG 18,839.10 48.85 SET INDEX 811.17 +6.64 JAKARTA COMP 380.68 +1.01 MANILA COMP —1,446.20 -5.0 TAIPEI WPI 5109.97 +218.49
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  • 83 1 FOREX RATES l!S$ S$ I'SS (SS per US$) 1.805 £(US$/SS per S) 1.423 1568 EURO(US$/S$/E) 0.863 1567 DM 1266 1156 YEN 121J2 67.10 RM 3.800 1106 HKS 7.800 4.322 BAHT 46.59 2610 RUPIAH 11,423 6,329 *S$ to 100 imits PRIME BATES SINGAPORE* 5.80 KIALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK
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  • 849 1  -  Company regrets 'elaborate misrepresentation' by its co-founder By' Tang Weng Fai, Jennifer Lien THE co-founder and chief technology officer of elipva Ltd, a Singapore Technolo-gies-funded start-up, has been fired after a company probe found he falsified most of his credentials and was guilty of "elaborate
    FILE PHOTO  -  849 words
  • 403 1  -  By\ Serena Ng [SINGAPORE] GES International is expected to make a major announcement today, possibly involving Eltech Electronics, after investors' appetite was whetted by the unexpected suspension of trading in GES shares yesterday morning. Suspense in the market was farther heightened yesterday
    Source: Bloomberg  -  403 words
  • 552 1  -  ItH make IPO of common shares or SDKs globally later this year By' Wong Wei Kong [SINGAPORE] National shipping line Neptune Orient Lines (NOL) said last night it will list its oiltransport subsidiary American Eagle Tankers (AET). The announcement
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  • 658 1  -  l-i ■exclusive Motorola, Nokia, Alcatel going for more customer-focused marketing By Teh Hooi Ling [SINGAPORE] Indicative of the tough times telecom companies are facing, several big names including Motorola, Nokia, Alcatel and Lucent will not take part in CommunicAsia2ool, Asia's largest communications, IT
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  • Page 1 Advertisements
    • 141 1 mgPE Top Stories Sukamto Sia faces more fraud charges in US. Next Page Optimists in US see new lease of life for IPOs. Pg 18 Hock Lock Siew Basic, affordable banking: Tough balancing act for MAS. Pg 4 Correction In our story yesterday headlined "We have to pay top dollar
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    • 7 1 Reits 1 $13b hope Suite, Pact 39
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  • NEXT page
    • 315 2  -  Disposal of its stractnred finance business still being discussed By) Marissa Chew [SINGAPORE] Vickers Ballas' acquisition by DBS Bank has apparently hit a snag. In a statement last night, Vickers Ballas said it was still in talks to dispose of its structured finance business
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    • ON THE grapevine
      • 144 2 HERE are some nuggets for number crunchers: Did you know some food items cost less today than they did 20 years ago? According to the Department of Statistics, 2 kg of sugar was selling at $2.48 in 1980, when world sugar prices peaked. By 2000, the
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      • 71 2 RECENTLY, this column noted that fund distributor finatiQ had dropped its effective front-end fees to 0.5 per cent for a two-week promotional period to June 2. Since then, finatiQ has enjoyed a three-fold surge in sales of its unit trusts. More surprisingly, this leap in sales
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    • 593 2  -  SIC rules that he will have to either pay cash or distribute his shares By Marissa Chew [SINGAPORE] The Securities Industry Council (SIC) has ruled that former Serial Systems chief executive Eddie Chng will have to compensate Serial shareholders in cash or distribute his
      593 words
    • 439 2  -  Trial postponed indefinitely to give defence more time Byi Conrad Raj [SINGAPORE] The trial in Honolulu of bankrupt Indonesian-born businessman Sukamto Sia, which was scheduled to have begun yesterday, has been postponed indefinitely after more charges were filed against him and five
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    • 759 2 One of GlC's corporate values is performance— achieving results comparable to world-class fund managers. GlC's directors in charge of global equities, fixed income and currencies speak about how they have achieved this. Picking the world's best stocks "The way we think about stocks has undergone a metamorphosis.
      PHOTOS: FRANK PINCKERS  -  759 words
  • Page 2 Advertisements
    • 64 2 B V LG A R I o \jA' "Wto_ f[ i I ?v' I j I f I 4li I i l A v Iffasss*. I Wi| c tf /;'</vi-H v I a r i wat c li Singapore Hilton Hotel Takashimava Department Store Cortina W'ateh Centre Dickson Watch Sl
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  • Page 3 Advertisements
    • 174 3 ldLy\ v v 3 v I hh v&mBHI [JfC, B |BsQj m Bf i -"'.mllM i .-^:?S^al Pi* i J Bfe§: 'W H 1 W~%Jm JH* .^-^ypa»wfeJiM JpS* SHL k _jfl6fe^,. V 9v *Hniragf3BH HB IP? BHB B Fm v Jfe V t& 1 r vfjk- B B B B
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  • SINGAPORE companies
    • 250 4  -  By, Andrea Tan THE run-up of Great Eastern Holdings shares has far outstripped the fair values some analysts have given it. ING Baring, which has just begun coverage on the insurer, puts its fair value at $7.81. It also has a sell rating
      250 words
    • 433 4  -  Reduction by HKSOJ3 a share negligible on total acquisition cost of HKs4sfas analysts By Angela Tan DBS Group said yesterday it has lowered its takeover offer for Hong Kong's Dao Heng Bank by HK$O.l3 per share or HK$9l million (Ss2l million) after a
      433 words
    • 460 4 Merger said te be likely t« occur in H2, Philippine central bank governor confirms talks Reuters [MANILA] Bank of the Philippine Islands (BPI) and DBS Philippines Inc. a unit of Singapore's DBS Group, are planning a merger, possibly in the second half of
      Reuters  -  460 words
    • 501 4  -  By Beth Jinks [SINGAPORE] An aero engine overhaul facility being jointly built in Singapore by SIA Engineering Company (SIAEC), Rolls Royce and Hong Kong Aero Engine Services Limited (HAESL) will begin operating by the end of this year. This was confirmed during a
      RICHARD CHNG  -  501 words
    • 840 4  -  lock siew angela tan DEPUTY Prime Minister Lee Hsien Loong, who is also chairman of the Monetary Authority of Singapore (MAS), surprised the banking industry here last week when he said that MAS was considering whether to require that all banks should
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    • COMPANY Briefs
      • 94 5 CONSTRUCTION and engineering group Econ International said yesterday it has clinched $90 million of new contracts. The contracts are for its subsidiary Econ Corporation. One of the two contracts is a $23 million job for the redevelopment of Kim Chuan Sewage Treatment Works for
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      • 82 5 GENEMEDIX, a UK-based bio-pharmaceutical company listed in Singapore, has received approval from Ireland's Investment and Development Agency to acquire a 15-year lease on a 20,000 sq ft advanced manufacturing building in Tullamore, Ireland. Genemedix said it has completed a design study to install a
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      • 43 5 SURFACE Mount Technology has announced that the offer of 1.7 million public shares in its IPO was 29.1 times subscribed. It also offered 25.8 million placement shares, including 1.5 million over the Internet. All were taken up.
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      • 27 5 Reuters KEPPEL Telecommunications and Transportation has sold a container vessel, the Kimanis, for US$ll.B million to Turkish buyer Merit Gemicilik Ve Ticaret.—Reuters
        Reuters  -  27 words
      • 62 5 Reuters VEHICLE distributor Wearnes International has announced that its net profit fell to $2.5 million from $3 million in the six months to Mar 31, despite turnover rising to $176.84 million from $148.37 million. It said the higher turnover resulted from the inclusion of three months'
        Reuters  -  62 words
    • 159 5 Reuters THE Singapore Exchange (SGX) said yesterday that the launch date for its planned five-year Singapore Government Securities (SGS) Bond Futures contract will be June 29, 2001. SGX said in a statement the contract will be based on a basket of
      Reuters  -  159 words
    • 475 5  -  Price should have been adjusted from $1.20 to 96C due partly to one-for-four bonus issue, says dealer By Serena Ng HONG Kong-based Noble Group, which has been buying back its shares from the market since December 1999, may have overpaid
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    • 394 5  -  By, Rachel Ong RETAILER Isetan Singapore yesterday posted a 1.83 per cent rise in net profit to $4.12 million for the full year ended March 31. Turnover edged up 7.8 per cent to $271.4 million on the back of higher sales
      394 words
    • 242 5 Bloomberg KEPPEL Capital Holdings shares rose as much as 5 per cent yesterday on expectations it will sell Keppel Tat Lee Bank Ltd, Singapore's smallest lender, as part of its parent group's divestment plan. Keppel Corp, which owns 37 per pent of Keppel Capital
      Bloomberg  -  242 words
    • 239 5 SINGAPORE Airport Terminal Services (Sats) yesterday said it will acquire a 20 per cent stake in Evergreen Air Cargo Services Corporation (EGAC) from its parent company, Singapore Airlines (SLA). The acquisition comprises 16 million shares for a total cash consideration
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 164 5 j 9 .'..Tkinsn m*^ A sT/c;Ji^^^^^^^^HH^| Singapore and BASF together we bring out the best BASF is a transnational chemical company dedicated to making plastics a driving 77»e best efforts in innovating for wider applications of plastics force for progress in Singapore. Plastics and other versatile fabrication materials produced by
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  • SINGAPORE markets
    • 335 6 jwCHI vowmc PacificCenturylOc 36,223,000 PCI 25c 25,408,000 UnkJux 6c 20,650,000 Tianjin Zhong 18,346,000 LafeTech US4c 16,159,000 Hyflux 5c 15,769,000 Enzer 15,165,000 Omni Ind 10c 14,653,000 IPCO 20c 14,368,000 Hotung Inv NT5 14,064,000 Stocks Omni Ind 10c 42,958,090 DBSGrp 38,975,947 Datacraft 10c 34,041,305 OCBC 30,774,353 Chart Semiconductor 26c 29,005,050 PacificCenturylOc 25,387,700
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    • 611 6  -  I -ll comment YOUR MONEY r. sivanithy Second-liners continued to lead the local market yesterday as blue chips put up an indifferent showing in line with a lack of direction from overseas. As far as themes went, there was just one
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    • 178 6  -  WARRANT WATCH R Sivanithy GUL Technologies has seen its shares and warrants creeping up in decent volume and this may prompt more punters to sit up and take notice, especially since the shares are still 50 per cent off their 52-week high. However, as said
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    • 205 6  -  HOT STOCK By Ven Sreenivasan SYSTEMS integrator Datacraft Asia slipped 2 US cents to U554.72 yesterday despite Saturday's announcement that it will be included in the free float-adjusted Morgan Stanley Capital International (MSCI) index for Singapore. Some 3.97 million units changed hands, slightly less than
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    • 547 6  -  Hifcomment O c ZD J3 m z Q m CO Selling was prompted by weaker-titan-expected German April Itt) industrial survey; yen main winner larry wee THE euro plunged dramatically yesterday, especially against the Japanese yen, dragging US dollar alternatives like the
      Source: Reuters  -  547 words
  • 2960 6 UNIT TRUSTS FUNDS Manager's prices (Ss):May 24 Olxnhin Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.805 0.846 Global Technology Fd!** 0.767 0.806 UK Blue Chip Fd!** 0.813 0.855 American Opport Fd 0.895 0.941 Cont Euro Eqty Fd!** 1.124 1.181 Japan Eqty Fd!** 1.266 1.330 Asian Fixed Income
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  • Page 7 Advertisements
    • 338 7 IflHI 1 I Mr Robert Yap (Left) I i Executive Vice President, I 4 information Technology, PSA Corporation; Managing Director, I Portnet.com Pte I Deputy Managing Director, I Pte r: i jj^fcJß^y I 3 J* i i 1 M ■•>':■: •'< J '>,* A •>* 4 ',< 1 A f
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  • SINGAPORE markets
    • 303 8  -  the economy inflation By Marissa Chew THE Singapore consumer price index (CPI) rose 2 per cent in April on the back of increases in the cost of housing and miscellaneous items. According to the Department of Statistics, the CPI rose from 100.7 points in
      Source: Dept of Statistics  -  303 words
    • 286 8 THE Infocomm Development Authority of Singapore (IDA) has released an industry consultation paper to gather feedback on Accounting Separation Guidelines (ASG) for the telecommunication sector in Singapore. Accounting separation refers to the separation of accounts in the key business areas of telecommunication service providers
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    • 476 8  -  Firm plans to re vert to former name, Target Asset Management By Siow Li Sen BOUTIQUE fund manager Value Partners Singapore has bought out its Hong Kong partner. Founder Teng Ngiek Lian bought back 40 per cent of his company last week from
      476 words
    • 425 8  -  Third auction site for terrace boosing goes to Kheng Leong By' Vince Chong CONSTRUCTION firm Chip Eng Seng bagged two of three sites for terrace housing at an Urban Redevelopment Authority (URA) auction of 99year leasehold land at Chuan Green yesterday.
      ARTHUR LEE  -  425 words
    • 244 8 THE search has begun for the Innovation of the Year and the Innovative Organisation of the Year. The inaugural Singapore Innovation Award open to the private and public sectors follows Prime Minister Goh Chok Tong's speech at the Productivity 2000 campaign rally,
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    • 249 8  -  By\ Marissa Chew THE government said yesterday that it had accepted the recommendations of the National Wages Council (NWC), which advised employers to cut back on wage increases this year. It also said that it would decide only later this
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    • 95 8 IN yesterday's report, "Near doubling of high-tech startups between 1996 and 2000", we erred in saying that most of the high-tech start-ups registered between those years were foreign owned. Rather, the proportion of foreign ownership among those companies was higher when compared to non-high-tech companies. And in
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  • Page 8 Advertisements
    • 85 8 Start the day on the right foot or should we say, with the right food at Jade, where our Power Breakfast Menus are bound to lift your spirits, put a spring in your step, and keep you smiling for the rest of the day! A Tuny f.i'k Restaurant The Fulierton
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    • 305 8 *m 1 «Ssbi m n#%#l I j Insolvency I 0»» 0% mm pf^j^nen|,sin g apore iin Singapore Malaysia y IflKlftng yournrm from the adversities of j 9 .00 a.m. to 5.30 p.m..Thursday,7 June 2001 illegal information exploitation Hotel Inter-Continental, Singapore H HIGHLIGHTS OF THE CONFERENCE: TOPICS TO BE COVERED New
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  • MAIL bag
    • 1023 9  -  Narayana Narayana Singapore I REFER to your article "The manifold benefits of share buybacks" by Lan Luh Luh, Dinah Low and Ho Yew Kee (Editorial Opinion, BT, May 10). As capital gains on share dealings (except in the case of investment companies) are
      FILE PHOTO  -  1,023 words
    • 436 9  -  Michele Tan-Khoo (Mrs) Manager (Corporate Communications) Tibs Taxis Pte Ltd WE refer to the letter "Why not study HK's efficient taxi system?" by Zheng Beoguang (Wheel Matters, May 19) comparing HK and Singapore's taxi service. Mr Zheng was commenting on the availability of backup
      436 words
    • 64 9  -  Blanche Lo Corporate Marketing Communication Manager BNP Paribas Peregrine Ltd WE refer to your report yesterday, "Francis Leung to join Salomon Smith Barney Asia". We would like to clarify that Alex Ko Po-ming, chairman of BNP Paribas Peregrine Capital, does not have
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  • Page 9 Advertisements
    • 67 9 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in
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    • 390 9 generation business I *3JF A j| jB SSm S3m JB W A IBM Introduces the perfect family for mixing business and pleasure. Jusf because you're not in the office doesn't mean you can leave your work behind. To support your global lifestyle, IBM has made doing business while on the
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  • EDITORIAL & opinion
    • 834 10  -  OPINION pirn bottom line g panicker The writer is a journalist on BT's Foreign Desk PRESIDENT George W Bush's energy plan for the United States starts with good intentions at least The emphasis on the effort to distribute power where it is needed most
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    • 88 10 'Americans love and want an unlimited supply of affordable energy, but they don't like virtually each of the sources that provide it Coal is too dirty, nuclear isn't safe, hydropower kills fish, windmills threaten birds.' Spencer Abranain the USenergy secretary, on President Bush's energy plan. 'A lot
      88 words
    • 635 10 EDITORIAL THE story of the Government of Singapore Investment Corporation (GIC) combines all the ingredients of a best-selling textbook on best business practice and a bit of a financial thriller too. But as with all best-sellers, it leaves the reader hungry for more. The question is
      635 words
    • 969 10  -  A growing number of companies have taken a bold steps designating a single person, the CRO, as the risk watchdog By■ Jack Rose, James Wong Jack Rose is KPMG global practice leader of the Management Assurance Services practice. He is based in
      FILE PHOTO  -  969 words
    • 758 10  -  COMMENTARY Who's afraid of a little inflation? Not stocks, apparently %< Caroline Baum The writer is a columnist for Bloomberg News. The views expressed are her own. REMEMBER the old adage that a little inflation is good for stocks? That was before the
      758 words

  • MALAYSIA news
    • 877 11 KUALA LUMPUR Move raises concerns that group chairman may be promoting his own interests Bloomberg BERJAYA Group Bhd will buy a stake in a mobile phone company and property from chairman Vincent Tan and ask shareholders to cough up money to repay
      Bloomberg  -  877 words
    • 617 11  -  Economy grows by 3.2% in Ql, slightly lower than expected From] Eddie Toh in Kuala Lumpur MALAYSIA is in no danger of slipping into technical recession this year despite slower economic momentum in the first quarter, the central bank governor said yesterday. "We
      REUTERS  -  617 words
    • 379 11  -  Details of deal have yet to be finalised: Ling Liong Sik From. Eddie Toh in Kuala Lumpur THE Malaysian Chinese Association (MCA), which is wracked by a divisive leadership tussle, has given its investment arm Huaren Holdings and listed publisher The Star the go-ahead to
      379 words
    • MALAYSIA Briefs
      • 75 11 AFP [KUALA LUMPUR) Malaysian Prime Minister Mahathir Mohamad is to hold an unprecedented meeting with opposition legislators to discuss a request from his jailed former deputy Anwar Ibrahim for overseas surgery, an opposition official said yesterday. The senior official, who declined to be identified, said
        AFP  -  75 words
      • 67 11 AFX-Asia [KUALA LUMPUR] AMMB Holdings Bhd will complete due diligence on MBf Finance Bhd by end-May with merger integration planning expected to commence in June, industry sources said. Negotiations with Danamodal Nasional Bhd to acquire MBf Finance are on-going, with AMMB targeting to complete
        AFX-Asia  -  67 words
      • 79 11 AFX-Asia [KUALA LUMPUR] Technology Resources Industries Bhd (TRI) said it has yet to decide on a particular fund raising exercise to address its debt problems. In reply to a query from the Kuala Lumpur Stock Exchange, Technology Resources said it is evaluating various options to resolve
        AFX-Asia  -  79 words
  • Page 11 Advertisements
    • 140 11 efnOwardS Bank Of Singapore: s' nijnp ob i Winner of the 2001 e-Bank award An investment opportunity like this is very rare indeed. In celebration of winning the best e-Bank award, we are offering you an extraordinary deal. On top of our attractive initial sales charge of 2.5%, we are
      140 words

  • REGIONAL news
    • 820 12  -  Assurance comes amid rumours of imminent reshuffle From Shoeb Kagda in Jakarta PRESIDENT Abdurrahman Wahid yesterday sought to ease growing tensions between his government and the country's powerful military by assuring the organisation's top brass that he had no plans to replace
      AP  -  820 words
    • 404 12 JAKARTA Weakening currency making it harder for carmaker to service foreign debt Bloomberg PT ASTRA International, Indonesia's largest carmaker, said its first-quarter loss widened almost 10-fold as foreign exchange losses doubled. The company posted a loss of 515 billion rupiah (SsBl million) for
      Bloomberg  -  404 words
    • 176 12 JAKARTA AFP A LEADING architect of Indonesia's regional autonomy laws has warned of "recentralisation" efforts by the central government, which he said could spark widespread rebellion. "The Bupatis (district chiefs) are very concerned at the prospect of recentralisation. This is very serious," said Ryaas Ryasid, former
      AFP  -  176 words
    • NOTE Book
      • 64 12 Reuters [BANGKOK] The Stock Exchange of Thailand plans to launch a new index based on a free float calculation to be used as a benchmark for institutional investors in Thailand, a brokerage firm said yesterday. The move is part of a plan to restructure
        Reuters  -  64 words
      • 77 12 Bloomberg [MANILA] The Philippines will borrow US$5OO million from banks to help it finance this year's Budget deficit, National Treasurer Sergio Edeza said. The government will pay interest about the same as the central bank paid in March on a US$74O million loan, he said. That
        Bloomberg  -  77 words
      • 65 12 Reuters [HONG KONG] Jardine Matheson Holdings yesterday said that Brian Keelan, one of the City of London's best known corporate financiers, will leave ÜBS Warburg to become the Hong Kong trading group's strategy director. Jardine Matheson said Mr Keelan will join the Jardine Matheson board
        Reuters  -  65 words
      • 92 12 Reuters [HONG KONG] Hong Kong Financial Secretary Antony Leung has declined to comment on local media reports that the government plans to ask Beijing to allow mainland Chinese investors to buy Hong Kong-listed H-shares. "We won't confirm or deny this," said Mr Leung when
        Reuters  -  92 words
      • 79 12 Reuters IBEIJiNuJ Blue chip conglomerate Swire Pacinc Ltd yesterday said it estimated the total cost of a Guangzhou property project at HK$4.3 billion (***** million) and its share would be more than HK$2 billion. "The total project size of the Guanzhoug project will be HK$4.3
        Reuters  -  79 words
    • 751 14  -  Bangkok tries to allay IMF concerns it is becoming more protectionist From] Harish Mehta in Bangkok THE Thai government yesterday assured a top-level International Monetary Fund (IMF) team it would keep the Thai economy open to foreign trade and investments, in a bid to
      751 words
    • 405 14 HONGKONG Regulators must see them as offering legitimate strategies Reuters HEDGE fund managers yesterday launched a charm offensive in. Asia to try to transform the perception of their industry from the nightmare ghouls of market regulators into their dream investment professionals.
      Reuters  -  405 words
    • 187 14 MANILA AFP FORMER Philippine leader Joseph Estrada yesterday welcomed a government plan to detain him in a special hospital ward, but pressed for house arrest instead ahead of his graft trial. Estrada's lawyers moved to get the best possible arrangement for their client a day after
      AFP  -  187 words
    • 486 15 HONG KONG Slowing global economy, sluggish consumer demand, base effect to blame Reuters HONG Kong's economic growth is expected to have slowed dramatically in the first quarter of 2001 as anaemic global demand for the territory's exports, sluggish consumer demand and a high
      Reuters; AFP FILE PHOTO  -  486 words
    • 115 15 AFP [WASHINGTON] US President George W Bush will not seek to block Beijing's bid to host the. 2008 Olympic Games and will "work hard" to shore up strained ties with China, a senior US official said on Tuesday. "I think we have a
      AFP  -  115 words
    • 173 15 BOMBAY Bloomberg INDIA'S chief negotiator in a payment dispute with Enron Corp withdrew his resignation yesterday, saying talks to forge a compromise are likely to resume next week. Madhav Godbole, a former chairman of the Maharashtra State Electricity Board, said he was retracting
      Bloomberg  -  173 words
    • 273 15 TAIPEI TSMC leads gainers a day after finance minister says stocks are cheap Bloomberg TAIWAN'S key stock index posted its biggest gain in four months on speculation the government is buying shares after the finance minister said on Tuesday that stocks
      Bloomberg  -  273 words
  • Page 12 Advertisements
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      207 words

  • Page 13 Advertisements
    • 203 13 K X wm HSiiS B IB Cljlib til s .^-'';>v- y' 11. 9 r** jjff SS>#: -fv &r v<s r s vIHK?? *.j ;l; i 4 Mi |H M H I H!■ Hi ■m>)>Bl^il»JlßKraiifctillilliM "r\ K" i't^Kl^' J f *9C I I ~I J| I IRk' I.»Slfcr lliln In business,
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  • Page 14 Advertisements
    • 153 14 UNlnnj^jT/^ ES I l SINGAPORE EUROPE II linn linni 111 Mill lIHR INDIA JAP ANI ICHINAI llllflll jj australial WITH EXCHANGE TRADED FUNDS, NOW YOU CAN BUY AN ENTIRE MARKET. Thanks to the listing of Exchange Traded Funds (ETFs) on SGX Xtranet, buys. Better yet, ETFs can be traded as
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    • 81 14 Smi e 19"5 ou r worldwide staff ct over inii'l'- clisciplinod professionals f including lawyers chartered accountanls. IB V charterid secretaries and bankers have B i k provided confidential and cost etfect've j| company formation in all the major low Jp> t.i* areas including lnrorpor.it/on Fits fro n U5*500 i
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  • Page 15 Advertisements
    • 33 15 High demand for Australian cattle worldw.de B^oppoAUytoBUYNOW. m Australian dollars I°w 252 ac r e ti A 5850.000 Manog^a^bletimj^^J :-w-Wyii H'llll 111 IWII Hi Jipyiponi Sat 26th, 2 Mwwi.tSi« n i' Copth<M»» WrtigfrontHotef^
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    • 727 15 mmmm r mmm 4 :I Hr> \JL/|*!|t <|*|P ETCc? MClllawm Dn imi Irtntriil Inniß* VVIIQI aiC Ibll9* )aS-|ftrM IMI 2M| ji|i ,2jBo- (P»rt»<: 1M» Exchange Traded Funds or ETFs are Investment funds that are listed GOOO j* v '-'"''iP and traded on an Exchange. They are designed to track indices
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  • e-NEWS
    • 851 16  -  I j i comment TECHNOLOGY The choice is stark, it's all about information now. But are people even aware that there's a problem? kenneth james THEY'VE been called The Four Internet Musketeers four CEOs who understood the potential of the Net, helped other
      851 words
    • 257 16 FRANKFURT IBM will choose SAP as solutions provider and share revenue FT SAP, Europe's largest software group, and IBM, the US computer giant, are in talks about an e-business systems alliance. Details remain sketchy, but the alliance would see IBM's system
      FT  -  257 words
    • 331 16 STAMFORD, Connecticut KkuHwmrtaba Oracle in the Windows NT market Bloomberg MICROSOFT Corp, the largest software maker, surpassed Oracle Corp in the market for database software running on server computers with the Windows NT operating system last year, a market research firm said. Microsoft increased its share
      Bloomberg  -  331 words
    • 243 16 PROVO, Utah Bloomberg NOVELL Inc, whose computer operating-system software competes with Microsoft Corp, said fiscal third- and fourth-quarter profit will fall short of analyst estimates and it's reducing staff by 5 per cent. Novell expects profit of a penny
      Bloomberg  -  243 words
    • 430 17 WELLINGTON Proceeds from the sale, at 7% discount to Tuesday's price, will be used to repay debt that has tripled in four years Bloomberg TELECOM Corp sold NZ$5OO million (Ss3Bo million) of new shares to repay debt, which tripled in the past four years, cutting
      Bloomberg  -  430 words
    • 404 17 NEW YORK It nses accounting method that has been questioned Reuters ENTERPRISE software maker Computer Associates International Inc on Tuesday reported fiscal fourth-quarter earnings, excluding acquisition charges, beat Wall Street expectations, under an accounting method that has come under question recently. For the quarter
      Reuters  -  404 words
  • Page 16 Advertisements
    • 172 16 fj*i PK Js* Food Empire jfe Scaling Greater Heights 1 rfiM<j<(/toye <yfay CSswa,rd 2001 CO-wfeviwl to: Future Enterprises Pte Ltd |PV?I sfe (A Member Of Food Empire Holdings Limited) CLnuP'JI 101 Geylang Lor 23, #05-03/04 Prosper House, Singapore (*****9) Tel: 65-744 8911 Fax: 65-744 8977 iso«x» .assf~ -T 7 Email:
      172 words

  • Page 17 Advertisements
    • 302 17 **Vestfrost Wine Cooler Made In Denmark I« BVKS67O Double Solid Door Size(mm): 1550 x 595 x 595 No. of bottles 90 120 VKG 511 (Single Glass Door) No. of bottles :60- 80 $1450 I VKG 571 (Single Glass Door) No. of bottles: 90-120 $1690 VKGS7O (Double Glass Door) No. of
      302 words
    • 265 17 SRM Systems Software (SRMS), a part of the SRM Group with an asset base of US$ 100 Million, provides software services in India, USA, Japan, Mauritius and Singapore. We are a well-esablished software services provider from India with offices in the USA and Japan. We focus on Internet, Mobile, Client/Server
      265 words

  • WORLD news
    • 574 18  -  It sees steep fall in world merchandise trade growth; says talks will contain economic downturn From D Ravi Kanth in Geneva THE World Trade Organization yesterday made a forceful plea for the launch of a new round of trade negotiations soon to
      574 words
    • 401 18 FRANKFURT Slaw growth in euro land but US Fed bankers optimistic Reuters, Bloomberg THE European Central Bank (ECB) yesterday kept its interest rates unchanged as expected in the face of a troublesome mix of slowing growth and rising inflation in the
      Reuters,; Bloomberg  -  401 words
    • 586 18 TOKYO AP THE long-haired prime minister thunders about reform. His elderly finance chief confesses memory loss. The fiery foreign minister's trademark phrase is "Give me a break!" In the month since Junichiro Koizumi took control of the ruling party and became prime minister,
      AP  -  586 words
    • 515 18 NEWYORK Demand for some issues reaching levels not seen since the Internet bubble INITIAL public offerings are back and optimists are calling the end of the bear market. The level of demand for shares in Spain's Zara fashion retailer, whose IPO closed
      515 words
    • 435 18 STOCKHOLM AFP OFFICIALS from 90 countries, including Singapore, signed a landmark UN treaty here yesterday outlawing or restricting a "dirty dozen" chemical pollutants blamed for causing death and disease worldwide. The United States, under intense international criticism for calling into question an earlier
      AFP  -  435 words
    • 306 18 NEW YORK FT Reuters JACQUES Nasser, chief executive of carmaker Ford, yesterday indicated that recalling a further 13 million Firestone tyres on its Explorer vehicles would cost the company an extra US$3 billion. In closed meetings in Washington, Mr Nasser spelled
      FT; Reuters  -  306 words
    • 534 19 NEW YORK Cnrrent rules said to give banks low-cost loan advantage over securities firms Bloomberg GOLDMAN Sachs Group Inc is asking ac-counting-rule makers to enact a measure that would make it harder for banks such as J P Morgan Chase Co to use low-cost
      Bloomberg  -  534 words
    • 411 19 NEW ORLEANS Bloomberg EXXON Mobil Corp contaminated land owned by a former Louisiana judge with radioactive waste and must pay US$l.O6 billion in damages, a state court jury concluded on Tuesday. Jurors in New Orleans deliberated 1.5 days before ordering the world's
      Bloomberg  -  411 words
    • 387 19 ■BOSTON Aim is to tap into the strengthening economy: manager Reuters ROBERT Stansky, manager of Fidelity's US$B7 billion Magellan fund, said on Tuesday he was weighting the giant portfolio toward cyclical stocks to position it to take advantage of a strengthening economy. "I
      Reuters  -  387 words
    • 445 19 LOS ANGELES Reuters BP pic chief executive John Browne on Tuesday described President George Bush's energy plan as "comprehensive" but said it would not make crude oil any cheaper and would not spur BP to step up its US oil and gas exploration
      Reuters; AP  -  445 words
    • 344 19 NEW YORK FT TWO grand names of finance Salomon and Schroders faded from the investment banking landscape when Citigroup on Tuesday revamped the branding strategy for its subsidiaries. Citigroup cleaned up the clutter of names left in the wake of the acquisition spree
      FT  -  344 words

  • Page 19 Advertisements
    • 70 19 Sell direct to Thailand? There is no better place than E METALEX The 15 International Machine Tools and Metalworkinq Machinery Trade Exhibition Conference Thailand's Largest Metalworking Machine Tools Exposition If Thailand's expanding manufacturing base is your target, there is no better marketplace than ThaiMETALEX2OOI Being Thailand's Largest Metalworking Machine Tool
      70 words

  • FINANCE & commodities
    • 262 20  -  SGX Derivatives Trading Report ST lnde«/MSCX S'pore Index Wong Ann Chuen Refco (Singapore) Pte Ltd SINGAPORE stocks traded mixed yesterday on low volume as investors were unmoved by lack of news. The benchmark Straits Times Index closed 0.28 per cent higher at 1,686.96 points with
      262 words
    • 223 20  -  MSCI Taiwan Index Wong Ann Chuen Refco (Singapore) Pte Ltd TAIWAN stocks yesterday rallied amid government intervention. At the close, the MSCI Taiwan Stock Index was 10.32 points or 4.46 per cent higher at 241.58 points. The index turnover increased to 714.40 million
      223 words
    • 222 20 Reuters liIHHIIMI THE euro yesterday hit its lowest yen and US dollar levels this year, shedding one per cent against the US unit and 2 per cent against the yen on a combination of high German inflation and slowing growth in France and Germany. The euro has already
      Reuters  -  222 words
    • Article, Illustration
      1249 20 PITBEBAMM CROSS KATES M«y2:i AS C$ too Fir f HB MbNpiali Von Wow KM MZ$Pafcts Peso S$ Bud Sfr *T$ Baht Pound US$ Australia 0.804 4.318 0.603 3.954 1179 4.058 24.445 59.426 0.630 6J86 1.977 *****2.440 26.163 0.939 4.106 0.921 17.402 23.666 0.366 0.520 Canada 1245 5.374 0.750 4921 1.467
      1,249 words
    • 1919 20 SICOM FUTURES May 23 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTUS cents/kg) Close VotaMM Open Month High Low Sett (tonnes) Interest Jun 01 110.50 Jul 01 1W.50 250 Aug 01 110.75 250 Sep 01 112.25 250 RSS 3 CONTRACT (US cents/kg) Volume OpM Month High Low Sett (tonnes) Interest
      1,919 words

  • STOCKS east asia
    • 2857 21 mmmwmwMwi s mmm i»mmmwu'i HONG SONG Reuters |1 Hang Seng -3835 HONG Kong stocks ended mixed yesterday with property stocks sagging on lingering worries over weak demand, while technology stocks mostly gained on hopes of a fast US economic rebound.
      Reuters  -  2,857 words
    • 1260 21 Reuters Shenzhen B Index -0.03 CHINA B shares closed a shade lower yesterday as indices found support at their five-day moving averages, after an intra-day bout of profit-taking pulled Shanghai down nearly 4 per cent at one point. Brokers said bargain-hunters were active as retail investors still expect further
      Reuters  -  1,260 words
    • 378 21 AFP QWP Index +218.49 TAIWAN share prices jumped 4.4 per cent yesterday on foreign institutional buying and government support. The Taiwan Stock Exchange Weighted Price Index rose 218.49 points to 5,209.97, on turnover of NT569.97 billion. Risers overwhelmed decliners 518 to 39, with 37 issues unchanged. "The market was
      AFP  -  378 words
    • 2053 21 TOKYO AFP □lfikka22s -23.49 SHARE prices in Tokyo closed 0.2 per cent lower yesterday as institutional selling wiped out early gains inspired by a rise in the US tech-heavy Nasdaq Composite Index, brokers said. The Nikkei--225 Index edged down 23.49 points to 14,067.70. An early
      AFP  -  2,053 words
  • Page 21 Advertisements

  • STOCKS klse
    • 422 22 AFP Index +421 MALAYSIAN shares closed 0.8 per cent higher yesterday due to bargain-hunting of selected blue chips. The Kuala Lumpur Stock Exchange Composite Index ended up 4.27 points at 560.79. The Second Board Index edged up 0.95 of a point to 105.55. "The market
      AFP  -  422 words
    • 8897 22 INDUSTRIALS ConMRwr prefects 2001 Lact Vol Day Net Cap High Low Company Salo 'OOP High Low P/t jmW 340 290 Alinomoto 302 9.1 122.4 45 24.5 Angkasa 30 1 2 30 30 44.2 342 282 Apollo Food Hlq 308 -2 4 308 308 &7 123.2 356 266 Alii File 285
      8,897 words

  • SGX clob & regional stocks
    • 2632 23 T 11 r T||r 1 ■■IIHHI" mil I ll«8l—Ml Ml —M—WWM—18—WUILI Hill BONDS A WARRANTS May 23 n Ms M b*y WMfcak Last V* Bey UlUllll Mf fcsas* Cm bar Hk n» r m i ss» t (■—> t- —a—, w t%> m> 37 0.5 s Acma W*****4 0.5 0.5
      2,632 words
    • Article, Illustration
      735 23 AFP SET Index +6.64 THAI stocks rose 2.2 per cent yesterday on strong buying of blue chips in anticipation of the imminent establishment of a national asset management corporation to buy up bad loans, analysts said. The Stock Exchange of Thailand (SET) Composite Index rose 6.64 points to 311.17
      AFP  -  735 words
    • 282 23 AFP |.'J Composite Indei -&Q THE Philippine Stock Exchange Composite Index lost 5.0 points to 1,446.20 as investors waited for results of congressional elections and signs the slowing economy may turn around. Volume fell to 727 million shares worth 361 million pesos.—AFP my 23 Peso C000) Abacus Construction 0.74
      AFP  -  282 words
    • Article, Illustration
      722 23 AFP Composite lafei +LOl INDONESIAN shares closed fractionally higher yesterday on speculative buying of sec-ond-liners, while institutional brokerages were sidelined ahead of a parliamentary session which could lead to President Abdurrahman Wahid's impeachment, brokers said. The Jakarta Stock Exchange Composite Index closed up 1.01 of a point at 380.68.
      AFP  -  722 words
    • 268 23 AFP QHBE-40 ,-43J0 NEW Zealand stocks dropped 2.1 per cent yesterday following a sharp fall in index leader Telecom Corp after it announced the issue of new shares, dealers said. The NZSE-40 Capital Index fmished 43.9 points or 2.1 per cent lower at 2,045.75. m rooo> Advantage HDS 0.85
      AFP  -  268 words
    • 546 23 AFP n All Ordinaries -8.70 AUSTRALIAN shares were dragged 0.3 per cent lower yesterday largely because of losses in heavyweights Telstra and News Corp in lacklustre trading, brokers said. The All Ordinaries Index finished 8.7 points lower at 3,362.0 while the SP/ASX2OO fell 9.8 points to 3,426.7. National turnover
      AFP  -  546 words
    • 280 23 AFP H Composite Index *4JBL SEOUL'S Composite Index closed up 4.61 points at 622.60. Volume was 520.2 million shares worth 2.4 trillion won. —AFP TZ3 Won Anam Semi 4465 -85 Brain Tech 705 90 Central Bank 170 uncti Cheil Comm *****0 6000 OaeGuBw* 1700 20 Daesanq Corp 2720 160
      AFP  -  280 words
  • Page 23 Advertisements

  • 8020 24 IMMMMtt Or Cr MM SMH Utt Vol Day UMQMli Mv Mv VW MM Of Jtog M* If Ci—»» 5d» W- fMH W» l— 8—r Sdhr CVf »t M hto MULTI-INDUSTRY 143 35 cAcmaSOc 39.Scd-0.5 155 39.5 38 39 39.5 0.5 19.9 0.6 10.4 615 40 41 8 c
    8,020 words
  • Page 24 Advertisements

  • Page 25 Advertisements
    • 208 25 Where to wine, dine and (o> BssS&r Hj s Every Thursday from 8.30pm. Learn social dance from our resident Dance Instructor and you'll be on your way to become an expert in Rock n' Roll, Cha Cha and Jive! That's not all. Join us for a "Party Dance" every Saturday
      208 words
    • 84 25 v i Sushi bar Noodle house Lunch I 2noon 2 30pm Dinner 6pm 10.30pm Hotline 233 1126 ■,iP II l |l t'liir ii II Hull I S nII Ip" r i ■■■■■nnHißMßinli 1 jt% ur Exscwtlv promises to urvi you a I set Chinese meal (or two I dMna'in 48
      84 words
    • 50 25 ,v I^. T D i N i N G At Pine Court Chinese Restaurant LUNCH 12 noon 2.30pm DINNER 6.30pm 10.30pm Reservations 831 -6262 SSHSS ivh Mantiarin Singaptrr 333 Orchard Road. Singapore *****7 Tel: 737 4411 Fax: 732 2361 You will find it all here at Wine. Dine and Entertain.
      50 words
  • Page 25 Miscellaneous
    • 891 25 The Business Times, Thursday, May 24,2001 tt ITnrt 9.00 Healing Hearts. 340 Stepping Out. 12J0 PM Business Lunch. 10.00 News. 440 My Sweet Mum. LOO Headlines. 8440 PM Men Are From ia3o Invitation. 040 Return of Judge Bao. LOS Thinking Animals (R). Mars, Women Are From 1140 AM Invitation. 130
      891 words
    • 258 25 CBTPTIC CROSSWORD ACROSS 3 Rings, an afterthought, to ac--1 Take donkey round on long rope knowledge clumsiness (4) (5) 5 Everyone early, when the mo--4 Where to put crockery after- JP ent comes (3, 2, 4, 4) wards in store (5. 4) 6 Energy to count up btrds (4) q
      258 words

  • New Asia Biz Woman
    • 911 26  - but not all care to return MAMA JEAN SCHEMO looks at the problems facing women who, having graduated from US universities, go home to work in countries with fewer economic or social opportunities DIANA JEAN SCHEMO AP [CHARLOTTESVILLE, Virginia] AS AN undergraduate at the University of Virginia for the last
      AP; REUTERS  -  911 words
  • Page 26 Advertisements
    • 1270 26 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS SECTION 227N/REGUIATION 55 NOTICE OF APPOINTMENT OF JUDICIAL MANAGERS AND NOTICE OF JUDICIAL MANAGERS TO CREDITORS OF FIRST MEETING Nam* of Company Ng Huat Engineering Pte Ud (Under Judicial Monogement) Company
      1,270 words

  • PROPERTY
    • 443 27  -  The volume of residential property caveats lodged climbs 28 per cent during the month over February By' Vince Chong THE number of residential property caveats rose by 28 per cent in March from February, with those in the primary market doubling to 361 caveats
      443 words
    • 2671 27 Property transactions for selected districts lodged between March 19 and May 21. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (Si'OOO) (S$) District 21 1 King Afcert Park Apt 10/04/01 FH 1442 1000 693 Beauty World Cte Apt 09/04/01 99 1873 530
      2,671 words
    • 828 28  -  Merging companies may lead to a fall in quantitative demand, but it is the quality of space that will dictate new demand and products in the future By Richard Tan The writer is associate director and head of commercial corporate industrial services at Jones
      Source: Jones Lang LaSalle Research; FILE PHOTO  -  828 words
    • 606 28 BANKS/FINANCE COMPANIES YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6-10 YEAR 11-35 ABN-AMRO Bank (max of 30 yrs) Package A 2.7500 3.7500 3.7500 3.7500 3.7500 4.5000 4.5000 Package B 3.2500 3.5000 3.7500 3.7500 3.7500 4.5000 4.5000 DBS'* ***** 3.2500 ***** 4.7500 5.7500 *****
      606 words
    • 1096 29  -  PRQPERTYrrcffmgmw— This is part ofa weekly series on property management contributed by Knight Frank Estate Management The role requires commitment and comes with heavy responsibility By, Jordan Neo The writer is managing director of Knight Frank Estate Management Pte Ltd. He is also a
      1,096 words
    • 279 29  -  By] Marissa Chew FAR East Organization's conservation development Far East Square has bagged the prestigious Prix d'Excellence in the annual Fiabci awards. This makes FEO the only Singapore developer to have won the prize twice. FEO's The Bayshore condominium project won the residential category
      279 words
    • 542 29 DEVELOPER/OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq ft) LAUNCHED UNITS 90LD ($psf) Abode at Devonshire TTH Devt 9 Devonshire Rd 1,012-2,756 26 4 1,288 FH No 1 Holt Rd RiyanPteLtd 10 HoltRd 1,561-3,197 40 12 1,100 FH Holt Residences Centrepoint Prop 10
      542 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 55 28 what to aat > drink > buy > watch > kaar > plu« tela j Weekend B thursday-sunday may 24 27 2001 cold habits > from > toy yak kMk rocks OCnnO the cold this GOvQIJv weekend > why is your office so cold? > products to keep you warm
      55 words

  • Page 29 Advertisements
    • 16 29 PROPERTIES The Straits Times Classified. Classifications 402 568. ft# CATS. Buy It. Sell It. Find It.
      16 words
    • 34 29 j 226 Outram Road (former Institute of Health) 2400/3100/4000/ i ***** Sf near Outrarn MRT next to CTE ample carpark $3.50 psf ready by end May 2001 Sole Agent HSfflH 5318-669 I DSQStSS9 5318-666
      34 words
    • 113 29 Markono Distri Centre 5-Slorey Warehouse/Showroom Freehold Units For Sale/Lease Prominently located alongTagore Lane, off Upper TTiomson Road Excellent corporate-like development Sizes from 1,830 sf to 5,780 sf Floor loading: 15 KN/m 2 to 17 KN/m 2 Excellent loading/unloading facilities Ample surface car/lorry parking lots Highly accessible via the CTE, SLE
      113 words
    • 141 29 Jones Lang ,I W LaSalle. Two Adjoining Bungalow Sites at Land Area 12D Chatsworth Road iq (With Conservation bungalow) —^7 Total land area 32,625 sf Flexibility to acquire either one or both sites JrOEKRa FOR SALE BY TENDER Closing Date: 18th June 2001(Mon) at 3pm For further information and tender
      141 words


  • SHIPPING TIMES
    • 285 31 Reuters THE Baltic Dry Index (BDI) fell 10 points to 1,442, the Baltic Panamax Index (BPI) dropped 22 points to 1,482, the Baltic Handymax Index (BHI) shed 28 points to 9,559 and the Baltic Capesize Index (BCI) was down five points to 1,781. TIME-CHABTEB: ♦Cape Mercury (built 1997)
      Reuters  -  285 words
    • 305 31 SGX '000 *tin C*rr Distribution 0.59 0.01 49 Chum Hup 0.31 -0.01 467 Cosco Investment 0.20 -0.01 460 F retght Links 0.09 0.01 254 GB Holdings 0.41 0.03 37 IMC Holdlngs-HK 5.60 unch 0 Jay* Holdings 0.16 -O.OI 228 Keppel Corp 3.52 0.10 1761 Keppel FELS .1.06 0.05
      305 words
    • 604 31  -  Feeder operators threaten to increase congestion surcharge to US$l25 per TEU By Donald Urquhart [SINGAPOREJ The ongoing work stoppage by stevedores at India's second busiest container port at Chennai now in its 17th day has resulted in mounting losses to industry, port and shipping
      FILE PHOTO  -  604 words
    • 457 31 It requires shipping companies to own their own vessels [SINGAPORE] More than 1,000 Indonesian shipping companies may lose their licences because they do not own their own ships as required by a new law which comes into effect in
      457 words
    • PORTShots
      • 93 31 [SINGAPORE] Cosco Singapore parent, Cosco Investment, signed yesterday an order for two handymax 52,270 dwt geared bulk carriers with Itochu Corporation and Tsuneishi Shipbuilding. The order follows a May 12 agreement between Cosco and the China State Shipbuilding Corporation (CSSC) for the construction of two
        93 words
      • 71 31 [SINGAPOREI China Shipbuilding Corporation may soon undertake layoffs and salary reduction in a bid to cope with operating losses of NT$l.OB billion (5558.2 million) as of end-April, brought on by a sluggish economy. According to the plan, proposed by a division of the Ministry of
        71 words
      • 90 31 [LONDON] The Shipping Corporation of India, Line of Japan, PIL of Singapore and Dongnama of Korea are combining to launch a new weekly service between India and Korea. The Indfex service will begin operating from Busan, South Korea, on June 1 using
        90 words
    • KANSAI airport
      • 1029 32 Once bailed as an engineering marvel, Kansai airport is spending billions to stop itself from sinking into the ocean Reuters [OSAKA] AN extravagant engineering mistake or a monument for Japan's new millennium? The debate over the world's first airport built on reclaimed land still rages seven
        Reuters  -  1,029 words
    • 175 32 PAGE Appenship 5 Assets 5 Austral 6 BSA 7 Btang Mas 6 CCNI 7 CMACGM 3 COSCO 3 Colony Log 5 CSAV 3 ft Central Ex 6 ChoYanq 5 China Shpq 5 Cougar 7 II CWT Globelink 7 Oelmas 4 Djak Lloyd 6 Dongnama 3 ECL 4
      175 words
    • 13227 38 THEBU sinessTimes Page 8 EXPORT THURSDAY, MAY 24, 2001 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/06 10/07 Del mas VILLE DE ANTARES L43W 65-*****44 06/06 IS/07 COSCO HUMEN BRIDGE 0017W 65-*****00 11/06 08/07 Kien Hunq EXCELLENCE
      13,227 words
    • SHIPS IN PORT
      • 708 40 Vessel Voy No Berth Arrival Departure Spt Capricor 63 23/05/5:05 23/05/19:00 Wimtar g 020S01 J03 23/05/7:45 23/05/1500 Terang« M1125 J02 23/05/8:40 23/05/16:00 Art Trader V003 J18 23/05/9:20 24/05/1700 Bt wij 23May J01 23/05/0:15 23/05/16:00 Royal Frugh 94 J02 23/05/9:15 23/05/17:30 Bt Fa 23-May J01 23/05/16:00 24/05/3:00 St Lestari
        708 words
      • 2003 40 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CAR60 Bookinq/BalMtce Rstls Ship Voy No Etb/Btr Period From To From ACHIEVER 402 24/20:00 22/1500 22/»00 2A 22/1700 23/0659 23/0900 2* 22/1700 23/0659 23/0900 3 23/0700 23/7159 23/1406 4 23/1200 23/1459 23/1700 ACX SEAGULL 0151 24/23:59 It 22/1500 22/1659 22/7900 2A
        2,003 words
      • 178 40 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 Prophet Mohammed SAW Indonesia: Birthday's of Prophet Mohammed SAW New Zealand:
        178 words
      • 797 40 THIS report, compiled by Cockett Ma rine 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
        797 words
      • 594 40 Carbon 180 Mai 981.8 0.3 12.2 0.07 40 0.03 May 17 Density Water Residue Ash Aluminium Sediment No above E25 0 0 0 0 0 22— r-TTT 380 Ave 985.3 0.3 13.3 0.06 20 0.02 t I0(1 380 Mai 989.7 0.9 16.1 0.09 45 0.04 B»2
        594 words
    • AIR & LAND transport
      • 238 41 Ansett, Virgin Bine prepare for era of discount fares AFP [SYDNEY] Australia's second largest domestic airline Ansett Australia and newcomer Virgin Blue are preparing for another era of discount fares, reports said yesterday. Virgin Blue airline has already recruited some of the 200 ground
        AFP  -  238 words
      • 342 41 AP, Bloomberg [BERLIN] Lufthansa's pilots have called off a 24-hour strike planned for today after they agreed to take their pay dispute with the airline to arbitration, a union official said yesterday. Georg Fongern, spokesman for the pilots union Vereinigung Cockpit, confirmed that
        AP,; Bloomberg; FILE PHOTO  -  342 words
      • 578 41 10 charges against Sabre Tech dropped as part of settlement Reuters [MIAMI] Defunct aircraft maintenance contractor Sabre Tech Inc agreed to pay a record US$l.75 million penalty to settle allegations it violated hazardous-materi-als rules in the fiery 1996 ValuJet
        Reuters  -  578 words
      • 555 41 Part of efforts to open np HE'S aviation market, says Economic Services Bnrean Reuters [HONG KONG] Hong Kong said it has agreed to expand an air services pact with New Zealand, but declined to say whether Air New Zealand had won precedent-setting
        Reuters; FILE PHOTO  -  555 words
      • 392 41 Reuters [LONDON] US aircraft maker Boeing Co said yesterday it was in talks with Britain's BAE Systems to set up a military tanker joint venture to target a US$5O billion (5590.5 billion) global market, adding a deal was "a month or
        Reuters  -  392 words
      • LOG Book
        • 84 41 Reuters [SHANGHAI] Lufthansa and Air China are m talks for the Chinese carrier to join the Star Alliance which could see it becoming part of the grouping in 2004, a German government official said. Transport Minister Kurt Bode wig, on a business
          Reuters  -  84 words
        • 100 41 Reuters [PARIS] Transport workers striking for the right to retire at the age of 55 disrupted commuter services in provincial France on Tuesday for the sixth time in two months. The one-day stoppage by bus, tram and underground railway workers hit 36 out of 49 provincial
          Reuters  -  100 words
      • 1834 41 CITY FLIGHT £1* FLIGHT ETO AMaMo 8*7381 1930 BA7382 2055 0F81 1930 0F82 2055 Amstordam S0327 0705 GA978 0130 KL837 1455 KL838 2255 S024 2335 Anchor<9* $***** 0305 AtkOM SO 347 0610 $0348 2255 Auckland NZ4286 2045 N***** 2045 S0286 2045 S0285 2045 Bahrain GF148 0935
        1,834 words
    • LOGISTICS page
      • 646 42  -  While a European base is vital for the firm to serve multinationals, it is also looking at infrastructure investments in Asia, Dick Metzler, CEO of APL Logistics, tells jdmbum JUNE LIM [SINGAPORE] APL Logistics is on a buying spree to build
        646 words
      • 416 42  -  Poh Tiong Choon to handle logistics for Oiltanking Singapore Chemical Storage By, June Lim [SINGAPOREI Oiltanking Singapore Chemical Storage Pte Ltd (OTCS) has selected a neighbour on Jurong Island, Poh Tiong Choon Logistics Limited (PTC), as its logistics partner. As OTCS's "preferred partner", PTC
        416 words
      • 187 42  -  By 1 Evelyn Duffy AUSTRALIAN regional rail operator Freight Australia is shortening the grain logistics chain and accelerating valuable export deliveries to port by upgrading a key central Victorian rail link. This month, Freight Australia will complete a Asl million (*****,200) upgrade of the
        187 words
  • Page 31 Advertisements
    • 204 31 We refer to our notice dated 14 May 2001 announcing the implementation of a Chennai Port Immediate Congestion Surcharge on all laden container movements from Chennai/ Colombo v.v., Chennai/Malaysia v. v. and Chennai/Singapore v. v.. The container port is now in its 3rd week of complete operational standstill with all
      204 words
    • 175 31 Kansai airport struggles i (x.isik s iw.i to keep afloat m m APL eyes more Battle of Aussie skies jJJgJ acquisitions hots Up 'uk n r Buck Pacji? Vast, efficient and transparent Warehouse Logistics with the Software-System LAGOS for e-fulfillment in your Warehouse and Logistics Centre Optimised Warehouse Location Management
      175 words

  • Page 32 Advertisements
    • 680 32 NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (QKX) VESSU VOY LGO KUNG "VBSE VOY JU MM MO SM 00a CALIFORNIA 53W11 09/05 27/05 29/05 P4 0 NCDU.OYD lANDAR ANAS m wii ii/ 05 27/05 ooaHiwroti I»M wos OS/.. o imuort, a*!*. NYKVMGO 451 30/05 31/05 02/0*
      680 words
    • 719 32 lines services represented by r em^)ers Re 9' str y -7 Accredited Shipping Agents, Ngr»»,y Singopore Shipping Association Members of the Singapore Logistics sr!r »W Association |Q ULY UNE MALI vessel Tvoy Tew Tew eta P. KLANG SPORE MALE Empress Lily VO5Ol 04/06 05/06 11/06 Princess Lily VO5Ol 19/06 20/06
      719 words

  • Page 33 Advertisements
    • 1237 33 SAX SERVICE (DIRECT) VESSEL VOT SIN ETA LAX OAK DAI HOU CHI COi MEM ATI NYC API SARDONYX 0261 17/01 01/02 05/02 05/02 05/02 05/02 05/02 05/02 06/02 06/02 API TURQUOISE 040E 24/01 08/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API JAW 026E 01/02 15/02 19/02 19/02 19/02
      1,237 words
    • 1641 33 TO ADEN T/T 10 DAYS Vr JIDDA* T/T 112 DAYS AQABA T/Ts 15 DAYS GENERAL AGENTS IN SINGAPORE: SO ROBINSON RD #12-00 SALES/BUGS TEL- *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL 07-*****66 FAX: 07-353X170 COSTAR SNIPPING PTE LTD SINGAPORE *****0 OUTWARD (i/L> *****0 i *****25/75 PORTKLANG 03-*****033 03-*****000 »1
      1,641 words
    • 417 33 VESSEL VOY SIN PKG VOY SIN HKG KEL USH PUS IN( KSSEL TOY SjN JIG SUB HYUNDAI SPRINTER 059S 2V05 01/Dt OVD4 OS/D 6 OM)6 09/04 jj/QS WOS 01/04 AQUUf 0441 24/05 30/05 01/04 KMTC SINGAPORE IQSS o]/06 03/04 DORIS WULFF 105S 04/54 ***** ***** HYUNDAI ADVANCE 037E 27/05 31/0S
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  • Page 34 Advertisements
    • 1418 34 SENATOR LINES TO EUROPE TO MPOlf EAST/RAN/RH) SEA VtSStl VOT St LtH 111 W UK IW IU VlSStl VOT SW 101 Ml JO —> HAUNN ROME 0014W 27.05 M.04 10.0* 11.0* 12.0* 13.04 H. 06 FOWAMET 00I4W 24.05 02.04 05.04 01.04 10.04 HANJM KEILUNG 0003W 25.05 14.04 17.04 14.04 15.04
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    • 1090 34 a MAC-HELS S'fOftE M'Slfl Carrier MM CON lIK LINES, MC p. guoang: (07)*****26 |-Nv\~ J 5Mh(064)*****9 MAMLA:(632)*****24 W PENANG:(04)*****36 8ANGK0K:(862)*****67 SURABAYA:(3I)32B32II P. KELANQ: (03) *****77 JKH (21)*****46 KUCHMG (062)*****1-3 IQNG BEACH 1 FELIXSTOWE/HAMBURG MV "HANJIN BEIJING'' V.026E MV '2^200} ETA SIN: 27-05-2001 YOK/TYO/KOBE/OSA BOMBAY MV "ASIAN POLLUX" V.N202 MV "XPRESS
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    • 509 34 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N. SHEVA (CFS MULUND. MUMBAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN I C D. POINTS Vessel VOY S PORE N SHEVA COCHIN COLOMBO PKLANG TULSIOAS 142 20 MAY 29 MAY 01 JUN 04 JUN 08 JUN FRONTIER 110W 27 MAY
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  • Page 35 Advertisements
    • 1435 35 I VESSEL VOY KHH HKO I SIN PKI PXj »AB DMM UK IRAN TABATABAEI PCL-208 22/05 23/05 26/05 27/05 03/06 04/06 06/06 08/06 IRAN KERMAN PCL-209 29/05 30/05 02/06 03/06 10/06 11/06 13/06 15/06 IRAN ISFAHAN PCI-210 05/06 06/06 09/06 10/06 17/06 It/06 20/06 22/06 IRAN HORMOZGAN PCL-211 12/06 13/06
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    • 369 35 A K52J| k I Loading for OCEAN RANGER RDM/ATW/BMN/UK I EFESSOS ROM/ATW/BMN/UK I Loads Singapore, Malaysia, Indonesia I Loading for MORNING STAR DBI/ABU/DOH/BRN/DMM/KWT WAGLAN LIGHT DBVABU/DOtVBRN/DMM/KWT SEA RENOWN DBl/ABU/DOH/BRM'DMM/KWT PAN EXPRESS HOtyjOH/AQA L DIMfTROVA JDK/AQA PAN QUEEN D6VABLI/DOH/BRN/DMM/KWT PEUNOVO DBI/ABU/DOH/BRN/DMM/KWT 'Loacte Singapore. E/W. Malaysia, Indonesia I Loading for I OCEAN
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    • 1181 35 EXPORT IMPORT VOT i m ItH »m AH HAM OHV VBSfl VOT KW HAM FU IB SIM SPS*" X S K® 5 Sfi! !»-jfe«;l»:B*B3SS W IfeS 1 TOT WWK(gIWC CUCOtS IP > HKMfc I) IttWtO, HIWHBttVBi, MOSfWH SI ftlHtmiiC VU WOW 7) AWTWHtf VIA NTH RAST/WIST MiWTBMRANgAN SiEVICI/USfC EXPORT IMPORT
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  • Page 36 Advertisements
    • 897 36 WOEt/UIC/SCANOINiWiA EXPORT WHa/vowg scr I rcm [img 1 bhv thp j zh I wv aUSOOMWfOWMMW 27/05 JM* IVtt 17/06 IJURSUU *****15W CQ/06 20/06 22/06 24/06 EHmMKOmMIS OCO6 22/06 2V06 2V06 27/06" 2M* E.DWJHOWIWWH 11/06 29/06 30/06 02/07 04/07 05^ EAST AND WIST JMEDITERRANEAN/UACK SEA EXPORT VESSEL/VOYAGE I SGP I GIO
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    • 385 36 ARAMAW HRSIAN (W/TNPBAN SUM CONWNT MEV9CI EXPORT VESSEL VOYAGE SGPCMIDWDMNKM NXV ARM JED AQR XIANG HE 0170W 25/05 05/06 07/06 11/06 UNI ASPIRE 0007-034W 28/05 01/06 07/06 09/06 11/06 UIN POPULAR 0667-007W 29/05 02/06 01/06 09/D6 IS/06 RING HE 0172W 01/06 12/06 14/U6 18/06 LT GRACE 0801-085W 02/06 07/06 COSCO
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    • 841 36 BAMQKOKMAP U WWIT/UiM CHWIW JAMBT*»MU*NQ vissa vot Is« m m tot vbsh vor Isw m pjn kamta mux S4tw 26/ os 30/qs w/ds m«i ihum I 2t/PS 21/ ii xethaihum" ffl* IIM MS MS_ X M— mz HS-«-88~— Er |a I RHON 71 30/QS 03/06 01/06 caNaoa yjg 1 f
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    • 523 36 INDONESIA NATIONAL LINE TO AUSTRALIA "1 RILL CONTAINER SERVICE vs. wot wg aw m m sin w w row monk m a/os»/oj «/«to/ot i?/06 is/ot wiivarr "5T m/mos/m n/ot i7/ot ityot n/ot POTSOM* joT 11/06 11/06 n/M 74/06 ?6/0t «/ot NTvntn o*s u/ot n/ot 01/07 03/0; m/o; FEEDER SERVICE TO
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  • Page 37 Advertisements
    • 423 37 BSfl n. T*TT !f 3rffeV!!T??^l7SS l !]^^^r %mm MYANMA wBBk FIVE STAR UNE \T (Myonmar National Line) Loading for Yangon VESSEL VOY SIN PKL PIN PGU lAGO 118W SID MONG LA 45W SU> MAUYSIA AGENTS: BOUSTIAD SHIPPING AGINOES KUL TEL 03-*****300 PKL TIL 03-*****101 PIN: TIL 04-*****02 PGU: Til 07-*****21/4
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    • 402 37 HMAT'' HYUNDAI MERCHANT MARINE CO., LTD. INTRODUCING NEW V J*. y iMfcjl _»li_ «J»- <V\ IHIHIIHk f^^gyTTTrTTTJWTTTTTj^^B^ tal kl CALLING SINGAPORE EVERY SUNDAY MAIDEN SERVICE APL FRANCE V.IOIW/ETA SIN 17 JUNE 2001 ADEN 7 DAYS HAMBURG 17 DAYS ANTWERP 19 DAYS •SOUTHAMPTON 21 DAYS For bookings and other information kindly
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    • 1029 37 vftr WALLENIUS WILHELMSEN TO HOOTH AMP IATIN AMERICA *<*» HtAVYLIFT SERVKI" IVISSB VOY lAW HEIGHT SIH I LK* MAO MIA SAV Im I OOF I NYC I NtW I MOB I TOM AMII2 4001 MS 6.3 M OtyM 15/07 18/07 20/07 22/07 23/07 25/07 29/07 31/07 TARONGA AHII3 4001 ms
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  • Page 40 Miscellaneous
    • 125 40 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm Y7 Showers T 0( n_ |n lemperature o,~< Wind direction and speed in knots Weather Cloudy Day C><:J Hazy Sea Conditions Wind speed symbols r I slight < 1 2m O Full circle w/o line indicates calm or light and variable winds
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  • Page 42 Advertisements
    • 102 42 Aviation news, aircraft schedule are on page 11 £I I 4 If ?ul 'iIP Jnr^fli.jlftCKif .-JV o i t ;4 r v WMBfIUBK j < si" i < i J t i tT yjmfjt* J -<*?»- lyn r j* k »fr A, rvBL v vUi .li' nBiKl A#T in/ vrMrg
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