The Business Times, 31 May 2001

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Total Pages: 38
1 38 The Business Times
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  • Title Section
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    17 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGA PORE Internet- http. /Dusiness-times.asial .com.sg/ THURSDAY, MAY 31, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    79 1 Dsn 1,662,74 (-19.51) BT-SSI «BU3 (-6.04) ST INDEX FUTURES MMJO (-12.00) SIMSCK FUTUBES ***** (-1.80) STOCK MABKET INDICES Wednesday (hang? KLSE COSP 5?8ofl8'„ +106 NIKKEI 226 13,493.36 -280.54 HANG SENG 18,420.13 -209.48 SET INDEX 310.18 +0.71 JAKARTA COMP 408.93 +2.66 MANILA COMP __1,396.50 +11.07 TAIPEI WPI 6,057.07 -38.19
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  • Article
    Lock icon FINANCE
    80 1 FOBEX BATES us$ s$ USS (SS per USS) 1.809 £(USS/SS per 1.422 1572 EURO(USS/SS/E) 0.855 1.546 DM 2189 1165 YEN 1201 66.50 RM 3.800 2.101 HKS 7.800 4.312 BAHT 45.35 25.07 RUPIAH ***** 6144 *S$ to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK. 9.50
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  • Article
    Lock icon Resounding call by legislators to impeach Gus Dur
    709 1  -  Police fire warning shots to disperse rampaging supporters From Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid's tenuous hold on power slipped further as legislators yesterday voted overwhelmingly for a special session of the People's Consultative Assembly (MPR) to impeach the 60-year-old
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  • Article
    Lock icon Air NZ: Qantas proposal one of several options
    690 1  -  Byi Conrad Raj [SINGAPORE] Air New Zealand has said that the Qantas proposal to take control of the Kiwi airline by buying out its two main shareholders, Singapore Airlines and Brierley Investments Ltd is only one of several options being considered as
    690 words
  • Article, Illustration
    Lock icon Sale of HDB Centre to be launched soon
    528 1  -  l iriexclusive Tender to market the development is now closed By. Kalpana Rashiwala [SINGAPORE] The sale of the landmark HDB Centre at Jalan Bukit Merah will be launched soon, in preparation for the Housing and Development Board's move to Toa Payoh next
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  • Article
    Lock icon NTUC and Case protest against planned bus and train fare hikes
    340 1  -  By I Christopher Tan [SINGAPORE] The National Trade Union Congress (NTUC) and the Consumers Association of Singapore (Case) have made formal protests against the proposed increases in bus and train fares. In response to BT's Saturday report on train
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  • NEXT page
    • Article
      Lock icon Thaksin may fire SET chief, market regulator: analysts
      455 2  -  Thai PM moving to install allies in key posts to centralise power, they say From\ Harish Mehta in Bangkok THAI Prime Minister Thaksin Shinawatra is rapidly installing his allies in powerful posts, and is expected to fire the heads of the market
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    • Article, Illustration
      Lock icon End of the road is near for Gus Dur
      764 2  -  I -J I comment ASEAN But will this mean an automatic rise for Megawati? Maybe not yang razali kassim THE day of reckoning started badly for President Abdurrahman Wahid. After his threat to impose emergency rule petered out earlier this week,
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    • Article, Illustration
      Lock icon G-15 leaders witness Megawati's snub of Gus Dur
      120 2 LEADERS of the G-15 Developing countries yesterday had first-hand witness of the gulf between Indonesian President Abdurrahman Wahid and Vice-President Megawati Sukarnoputri when she refused to read her president's speech. Confusion reigned briefly when Mr Abdurrahman, who is clinically-blind, told the leaders
      120 words
    • ON THE grapevine
      • Article
        Lock icon Pregnant pause
        47 2 EVER been asked by your boss to postpone a long-awaited vacation? Well, here's a twist on the scenario: An Bxh -month pregnant woman was recently asked by her boss if she could delay her maternity leave. He obviously isn't well-versed in the facts of life.
        47 words
      • Article
        Lock icon Sacking for Dummies?
        118 2 ANOTHER damning sign of the times: A Boston-based HR firm, Drake Beam Morin, is advising managers on "the fine art of the sack", according to Wired magazine. Wired reports that managers are told they should invite the employee to sit down but avoid saying "Good morning", "Good
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      • Article
        Lock icon Clearing the air
        84 2 WE'VE all heard the expression "no smoke without fire". But today it's going to be the other way around no fire (or, more accurately, carcinogens) without smoke. It's World No Tobacco Day, and a record 515 retailers will withhold sales of nicotine for the day to celebrate
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      110 2 Ttaaludn move jo Its foreign investors, Pg 12 GOLF HOUSE IHEMDBrnUKItf The softest legal face" in golf J.l.h'J JTTIJM four-proven insert) f j J/ V J > I Reduces skidding and bouncing) fIT i" fer rar n 9 Ml SyfH J putter GOLF HOUSE GOLF HOUSE' PRO SHOP GOLF CORNER
      110 words
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      91 3 I Unveiling Cortina Watch Espace Boutique, a discovery of space and time at Asia's Largest Watch Boutique. iffSLi 110 l Jfclpy j|| 111 MR Indulge in the luxury of space and the exquisite beauty of time. With 12 exclusive watch boutiques within a larger one, an offering I of over
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Beyonics up on talk of Seagate tie-up
      398 4  -  ntj] David Boey BEYONICS Technology Ltd rose as much as 8.8 per cent to a nine-month high of 24.5 cents yesterday, cheered on by rumours that it will soon announce a tie-up with USbased disk drive maker, Seagate Technology. When contacted by BT,
      Source: Bloomberg  -  398 words
    • Article
      Lock icon DBS acts to lift pref share liquidity
      543 4  -  But DBS See's bid to help retail investors will stop short of market-making By Siow Li Sen DBS Group Holdings yesterday said it has arranged to promote, through its securities arm, trading liquidity of the 1.1 billion 6 per cent non-cumulative preference shares
      543 words
    • Article
      Lock icon Deutsche Bank aborts SingTel warrant issue
      431 4  -  Poor demand suggests pessimistic market outlook for Sing Tel share price Byi Angela Tan DEUTSCHE Bank yesterday called off a plan to issue up to 50 million covered warrants on Singapore Telecommunications Ltd (Sing Tel) at 30.52 cents each due to poor demand and
      431 words
    • Article, Illustration
      Lock icon Jennie Chua passes Raffles Hotel baton to Michael Luible
      311 4  -  By Marissa Chew AFTER more than a decade at the helm of Raffles Hotel, Jennie Chua has relinquished the running of the world-fa-mous landmark to German national Michael Luible. Ms Chua had been widely expected to step down from the job
      FILE PHOTO  -  311 words
    • Article
      Lock icon Why is SIA even remotely interested in Ansett?
      801 4  -  i!s!3!f lock siew ven sreenivasan IT WAS one of those increasingly rare days for Singapore Airlines stock on Tuesday. The shares, which have been languishing lately, jumped 70 cents to a two-week high of $13.40 on reports that the national carrier is
      801 words
    • Article
      Lock icon SET lifts Yuanta Thailand's trading suspension
      334 4  -  By I Serena Ng THE Thai broking unit in which local company Kim Eng Holdings is buying a majority stake has been allowed to trade again, after a suspension of almost a week. The Stock Exchange of Thailand (SET) said yesterday its board of
      334 words
    • Article
      Lock icon Econ China named project manager for $850m rail link
      483 5  -  The company's fee will be 5-10% of the total value of the Thai project By Serena Ng CONSTRUCTION and engineering company Econ International yesterday said its associate company Econ China has been appointed by the Chinese government as project manager for
      483 words
    • Article, Illustration
      Lock icon Frontline net profit jumps 45.4% to $9.7m
      331 5  -  E-services provider also eyes 30-40% rise in revenue By Andrew Wee E-SERVICES provider Frontline Technologies Corp yesterday reported a 45.4 per cent jump in full-year net profit to $9.7 million and aims for 30-40 per cent growth in revenue and net profit in
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    • COMPANY Briefs
      • Article
        Lock icon Intraco CEO joins NatSteel
        128 5 NATSTEEL Ltd has appointed Chua Kee Lock deputy president with effect from tomorrow. Together with Chong Wai Siak, Nat Steel will have two deputy presidents. Mr Chua was a Nat Steel scholar and previously held several key management positions within the group before joining Mediaßing and
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      • Article
        Lock icon Giken profit slides 8.9%
        53 5 GIKEN Sakata reported an 8.9 per cent drop in net profit to $2.79 million for the year ended March 31. Turnover rose 7.3 per cent to $161.5 million. The group said it was affected by seasonal demand and the downturn in the electronics industry in which
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    • Article
      Lock icon VCC to replicate Shenzhen park concept
      444 5  -  Shanghai, Bering, Dalian, Chengdu to be developed next From Quak Hiang Whai in Hong Kong HONG Kong-listed Vision Century Corporation (VCC), which counts CyberCity Holdings, Fraser Neave Ltd and JTC Corp's Ascendas among its shareholders, will replicate its Shenzhen hightech park development in Shanghai,
      444 words
    • Article
      Lock icon JTC Corp unit eyes Subic as site for Philippine ventures
      247 5  -  From, Al Labita in Manila ASCENDAS Pte Ltd, the international business park specialist of Singapore's JTC Corp, is eyeing Subic freeport as a possible site for its ventures in the Philippines, an official said yesterday. Ascendas Philippines Corp vicepresident Chee
      247 words
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      187 4 Total Enterprise Automation A full value-packed programme comprising a cluster of three The 7th International showcases that will present you Industrial Automation with IBflijMMV Exhibltion A solutions demonstration on the complete integration of V\ manufacturing, process and control automation, logistics and distribution. Total and end-users to embrace new the and
      187 words
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      321 5 generation business IMJnJIIIII'II JH T The IBM server xSer/es 220 comes 1> -js&fe with diagnostic monitoring and NX affordable technology for small business needs. The IBM (e) server xSeries 220 will grow with you as grows on you. Designed specially for small businesses, 1 t/i/s Linux-ready Intel-based server is scalable
      321 words
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      340 6 Stocks Volume Beyonics 10c 30,510.000 Autron 25,107,000 Tianjin Zhong 16.596,000 Benefun HKlOc 15.460.000 PacificCenturylOc 11,511,000 Enzer 10,404,000 GES Intl Ltd 20c 10,225,000 IPCO 20c 8,457,000 Surface MT HK20c 8,028,000 Asia Food&Prop 7,928,000 Stocks Chart Semiconductor 26c 31,586,080 Datacraft 10c 27,185,263 DBS Grp 25,396,789 Tianjin Zhong 22,863,265 VentureMfg25c 21,862,100 SIA 21,426,690
      340 words
    • Article, Illustration
      Lock icon Wall Street fall and Nasdaq futures'slide prompt selling
      611 6  -  I=ll comment STOCKS r. sivanithy A PLUNGE on Wall Street and a slide in the Nasdaq futures contract brought out the sellers in the local stock market yesterday, sending the Straits Times Index down 19.51 points to 1,662.74. With the index running
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    • Article, Illustration
      Lock icon A pity SingTel call aborted
      177 6  -  WARRANT WATCH By. R Sivanithy IT'S a real pity that Deutsche Bank aborted a proposed covered call on Singapore Telecom yesterday because of insufficient demand. A look at the price chart for Sing Tel illustrates that a call warrant should have been very welcome, since
      177 words
    • Article, Illustration
      Lock icon HK Land: next hurdle at US$2.08
      225 6  -  HOT STOCK By Ven Sreenivasan THE US-dollar denominated shares of Hongkong Land have been recovering steadily since the middle of the month. They gained 5 US cents to US$l.97 yesterday as 829,000 units changed hands significantly fewer than the 10-day moving average of some
      225 words
    • Article, Illustration
      Lock icon US$ ends mixed as Nasdaq closes below key level
      540 6  -  I=l i comment CURRENCIES US rate hopes tempered by strong consumer numbers; euro makes feeble bid to recover against yen larry wee THE volatile Nasdaq Composite Index closed below the crucial 2,200 marker overnight for the first time in more than
      Source: Reuters  -  540 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3029 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0 786 0.826 Global Technology Fd!** 0.732 0.770 UK Blue Chip Fd'** 0.787 0.828 American Opport Fd 0.875 0.920 Cont Euro Eqty Fd!** 1.090 1.145 Japan Eqty Fd!** 1.285 1.350 Asian Fixed Income Fd 1.106 1.140
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      346 7 jjjk h to Treasure +J0 WIN A TMP FOR 2TO PARIS, A WINE FBIDOF Ki jt COOLIt WORTH $2,800. DURING USmSMSOU CHATCAU CH CHATEAU (^ARBONNIEUX 98 ©61ACOSTE98 ROUGE 96 CHATEAU LAFON FILHOT96 SAINT iUMH ffiSSAC ROUGE PESSAC UEOGNAN 6IANC FOUQUES 98 75d 75d 75d ROCHET 97 75d 4EME CRUCUSSE9B CftUOAJSf
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  • SINGAPORE news
    • Article
      Lock icon NODX to shrink up to 2%: report
      344 8  -  the economy exports By] Eugene Low SINGAPORE'S non-oil domestic exports (NODX) are expected to shrink by as much as 2 per cent this year, according to International Financing Review (IFR), a part of Thomson Financial. It notes in a report that weak overseas
      344 words
    • Article
      Lock icon Aquarama opens today at the S'pore Expo
      357 8  -  Siamese fighting fish makes competition debnt By Christopher Tan it is to tne tropical nsn trade/hobby what the Frankfurt Motor Show is to the automotive industry. Aquarama, the Singapore-based biennial extravaganza, opens today at the Singapore Expo (Hall 2). First time at the
      357 words
    • Article
      Lock icon Member issues demand letters
      510 8  -  Ull exclusive RAFFLES TOWN CLUB SAGA He wants refnnd of membership, subscription fees from club and damages from UOB By< Conrad Raj A DISGRUNTLED member of Raffles Town Club has issued letters of demand against the club and United Overseas Bank, claiming damages for allegedly having
      510 words
    • Article, Illustration
      Lock icon Fuel cell generators on the way
      513 8  -  |:ll exclusive I Some applications could be tested by next yean DaimlerChrysler By Christopher Tan IMAGINE an office block with a clean, self-sustaining, noiseless, hydrogen-based power generation system. Imagine an entire industrial park with this feature. This will be reality sooner than you think
      RICHARD CHNG  -  513 words
    • Article
      Lock icon More units in The Dew launch
      476 8  -  By' Vince Chong MAINBOARD-listed construction company Sim Lian Group has released more units at its Bukit Batok executive condominium The Dew for first-phase sales starting today, bringing the number on offer to 165. Initially, only 83 units were to be made available in phase
      476 words
    • Article
      Lock icon PowerSeraya in licence bid
      120 8 Reuters [SINGAPORE] Power generating company PowerSeraya Ltd has applied to be Singapore's sixth independent electricity retailer to serve the recently deregulated market, a company official said yesterday. PowerSeraya, which has 2,290 megawatts of generating capacity on Singapore's Jurong Island, submitted its application to the regulatory body
      Reuters  -  120 words
    • Article
      Lock icon What JTC CEO said at briefing
      476 8  -  MAiLisrm Kelly Wee Deputy Director Marketing Communications JTC Corporation THE column "Industrial land sales: cutback no surprise" by Lee Han Shih (BT, May 29) referred to what JTC Corp chief executive officer Chong Lit Cheong said to reporters at the Industrial Space Plus in
      476 words
    • Article
      Lock icon Credentials of all top execs should be checked
      104 8  -  Jimmy Teo Singapore I REFER to your report, "Technopreneur sacked, probe confirms fraud" (BT, May 24). Dennis Lee managed to bluff his way. His failure is in not recognising that false publicity can be fatal. People have eyes and ears. Especially in
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    • Article
      Lock icon SGX must improve dissemination of information
      191 8  -  Wong Kam Wah Singapore I AM concerned about the efficiency of information dissemination by the Singapore Exchange (SGX). A case in point is that of Vickers Ballas shares. According to an SGX circular, this share would be trading ex-all on May 24 with the
      191 words
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      67 8 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
      67 words
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  • ARTS festival
    • Article, Illustration
      Lock icon Foreign talent, local talent
      1074 9  -  The Singapore Arts Festival 2001, starting today, is a celebration of people in the arts and their creations. The Business Times launches its festival coverage with a smorgasbord of these artmakers and arts commentators, parvathiivayar has the details PARVATHI NAYAR DUSTING off the artistic binoculars, fishing
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    • Article
      Lock icon WHAT'S ON TONIGHT
      322 9  -  ■Compiled by Elaine Phua THIS evening, the Singapore Arts Festival kicks off with the Festival Village at Fort Canning Park, an event that promises to evoke the sound and feel of a village carnival. Groups performing come from around Asia and Singapore, including: The Kamkars (Iran): A
      322 words
    • Article
      Lock icon BT's no-holds barred ratings guide
      886 9  -  All shows to be rated on range of factors by guest reviewers By Cheah Ui-Hoon ALWAYS wanted to watch an Arts Festival production but was put off by its "high-brow" connotations? Does the thought of choosing which performance you want to watch from 40 groups
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Pull-out by Enron heralds darker days
      763 10  -  Pwm bottom line OPINION prem shankar jha The writer, based in New Delhi andformer editor of The Hindustan Times, contributed this article to BT AFTER months of tortured haggling and increasing bad blood, the Indian government and Enron, the giant American energy transnational, have
      763 words
    • Article
      Lock icon IN OTHER WORDS
      99 10 'A band of armed thugs must not be allowed to destroy a multi-ethnic democracy. There can be no place at the table for those who take up arms against a democratic government.' -George Robertson the Nato secretary-general, on the escalating crisis in the former Yugoslavian republic of
      99 words
    • Article
      Lock icon Grappling with the downturn
      627 10 EDITORIAL Reflecting a wider worry throughout the economy, concern about how Singapore can best weather the economic downturn has hit even junior college students, it seems. Questions put to Deputy Prime Minister Tony Tan at a preuniversity seminar this week included apart from the usual preoccupations
      627 words
    • Article, Illustration
      Lock icon Delivering greater value to shareholders
      938 10  -  Consultancies now recognise that mere rationalisation does not necessarily enhance value, even short-term By. John Miller The writer is head of Singapore New Market Development (Asean) at the Association of Chartered Certified Accountants (ACCA) SHAREHOLDER value added (SVA) has become an enormously popular term since
      FILE PHOTO  -  938 words
    • Article
      Lock icon Getting ready for a bad heir day
      792 10  -  COMMEMTARY The new tax bill is a joke. And if Bush has his way, the joke's on the people By\ Paul Krugman The writer is a professor of economics at Princeton University NYT THERE'S a scene in the 1966 British comedy The Wrong
      NYT  -  792 words
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  • MALAYSIA news
    • Article, Illustration
      Lock icon MCA gives nod for controversial Nanyang deal
      416 11  -  Its investment arm becomes substantial shareholder after signing ttMMAm deal today From Eddie Toh in Kuala Lumpur HUAREN Holdings the investment arm of the Malaysian Chinese Association will emerge as the new substantial shareholder of Nanyang Press today following the green light from
      416 words
    • Article
      Lock icon Sime Darby's Q3 profit down by 42%
      150 11 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, Malaysia's oldest diversified company, said its third-quarter profit fell 42 per cent from a year ago after palm oil prices fell to a 14year low and property sales slowed. Profit fell to RM147.9 million ringgit (Ss7o million),
      Bloomberg  -  150 words
    • Article
      Lock icon IMF a political tool, Mahathir tells G15
      203 11 JAKARTA AFX-Asia THE International Monetary Fund (IMF) has lost sight of its original purpose to facilitate financial recovery, becoming a tool in the political arena, Malaysian Prime Minister Mahathir Mohamad said in a speech to the inaugural session of the Eleventh Gl5 Summit
      AFX-Asia  -  203 words
    • MALAYSIA Briefs
      • Article
        Lock icon MMC may up Malakoff stake
        87 11 AFX-Asia [KUALA LUMPUR] Malaysia Mining Corp Bhd (MMC) said it has always viewed its Malakoff stake as a strategic investment and may consider increasing it to not more than 32 per cent, provided there is opportunity to do so at the right price. However, it
        AFX-Asia  -  87 words
      • Article
        Lock icon 2 KL banks to do securitisation
        55 11 Reuters [KUALA LUMPUR] Malaysian asset management agency Danaharta said yesterday it has appointed Alliance Merchant Bank Bhd and Deutsche Bank (M) Bhd as joint financial advisers and lead managers for its securitisation exercise. Alliance will be responsible for the overall management of the securitisation
        Reuters  -  55 words
      • Article
        Lock icon Resorts World earnings plunge
        70 11 Reuters [KUALA LUMPUR] Malaysian casino firm Resorts World Bhd on Tuesday reported a 97 per cent plunge in first-quarter earnings, hurt by investment charges and losses from its cruise unit Star Cruises Ltd. Net profit fell to RM2.55 million (Ssl.2 million), or 0.2 sen a share,
        Reuters  -  70 words
    • Article, Illustration
      Lock icon Judge orders jailed Malaysian opposition leaders to be freed Judge orders jailed Malaysian opposition leaders to be freed
      559 11 KUALA LUMPUR Rilling* big victory for 10 activists who have been detained without trial AP TWO Malaysian opposition leaders were set free from jail yesterday after a judge ruled that their arrest
      AP  -  559 words
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      287 11 If you are currently: Merging e-process with traditional applications Leveraging exploding 628 channels W Positioning your enterprise on the new Preparing for the impact of converging technologies wireless frontier in a connected world Then YOU your colleagues need to attend this 2 day summit conference and gain insights into how
      287 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Thaksin move jolts foreign investors
      716 12  -  Sacking of central banker, prospect of rate rise spell higher risks for Thailand From, Harish Mehta in Bangkok THE sacking of Bank of Thailand governor Chatu Mongol Sonakul who stuck to his guns on keeping interest rates low, and his replacement by a man who
      AP  -  716 words
    • Article
      Lock icon Central banker's sacking portends capital controls?
      334 12  -  Impact on corpor&tes of such a move will be positive: analysts By\ Siow Li Sen THE sacking of Bank of Thailand governor Chatu Mongol Sonakul may be the precursor to Thailand introducing capital controls similar to what Malaysia did in September 1998, analysts say.
      334 words
    • Article
      Lock icon Muslim rebels, 20 hostages still not located: Manila
      382 12 ZAMBOANGA, Philippines Reuters THE Philippines said yesterday it had still not located Muslim rebels or their 20 hostages seized from an island resort at the weekend but it hoped for progress within the day. "We hope that in the next few hours,
      Reuters  -  382 words
    • Article
      Lock icon RFM to sell stake in PSi and focus on food
      319 12 MANILA With the purchase, Merrill Lynch Global will increase its PSi stake to 53.74% Reuters PHILIPPINE conglomerate RFM Corp said yesterday it would sell its entire 34.47 per cent stake in semiconductor firm PSi Technologies to Merrill Lynch Global Emerging
      Reuters  -  319 words
    • Article
      Lock icon Muted response to easing of curbs on B-shares seen
      545 13 SHANGHAI New rule allowing use of foreign currency likely to boost liquidity, bnt retail investors wary AFP A RELAXATION of foreign currency rules which will allow a fresh flood of money into China's B-share markets from tomorrow is leaving many retail
      AFP  -  545 words
    • Article
      Lock icon GEM need not fear China plan for rival 2nd board: HKSE
      361 13 SHANGHAI Reuters HONG Kong's Growth Enterprise Market (GEM) has nothing to fear from China's plans to set up a competing second board in nearby Shenzhen, a senior Hong Kong Stock Exchange (HKSE) official said yesterday. There were tens of
      Reuters  -  361 words
    • ASIA Notes
      • Article
        Lock icon Beijing's biggest bankruptcy case
        68 13 AFP [BEIJING] A court in Beijing has accepted the city's largest ever bankruptcy case, involving a company that owed its creditors 1.1 billion yuan (***** million), local media reported yesterday. The decision was made by the Beijing No 1 Intermediate People's Court after it had received
        AFP  -  68 words
      • Article
        Lock icon Taiwan to let banks open China offices
        38 13 AFP [TAIPEI] Taiwan said yesterday it would allow local banks to open representative offices in China to enhance financial exchanges between the two sides amid burgeoning trade and investment activities. —AFP
        AFP  -  38 words
      • Article
        Lock icon HK mulling quarterly company reports
        44 13 AFX-Asia [HONG KONG] The Securities and Futures Commission and the Stock Exchange of Hong Kong (SEHK) are studying the feasibility of requiring companies listed on the SEHK to release quarterly reports, secretary for financial services Stephen Ip said. —AFXAsia
        AFX-Asia  -  44 words
      • Article
        Lock icon Zhejiang official in graft probe
        55 13 AFP [BEIJING] China has started graft investigations on Chen Wenxian, a ranking Communist party official, and the former general manager of an investment company run by the government of Zhejiang province, state media said yesterday. Mr Chen also previously served as mayor of the Zhejiang
        AFP  -  55 words
      • Article
        Lock icon Enron shuts down Dabhol power station
        48 13 AFX-Asia [BOMBAY] Enron Power Corp has shut down its Dabhol power station in Maharashtra state, state officials said. The shutdown came after the Maharashtra State Electricity Board informed Enron on Tuesday that it would no longer purchase power from the station. AFX-Asia
        AFX-Asia  -  48 words
      • Article
        Lock icon Expanded Shaw studio could cost HK$1b
        61 13 Reuters [HONG KONG] Shaw Brothers (Hong Kong) Ltd said yesterday its plans to expand the size of a proposed joint venture movie production studio in Hong Kong would bring the price tag of the project to between HK$B5O million (Ssl97 million) and HK$l billion.
        Reuters  -  61 words
    • Article, Illustration
      Lock icon What's Next in Taiwan for Jimmy Lai?
      662 13 The local edition of publishing magnate's glossy magazine gets ready to spotlight rich and fomous Reuters [TAIPEI] A Taiwan television commercial shows an innocent-looking, attractive woman saying she has no time to date because of her busy work schedule. In the next scene,
      Reuters; REUTERS  -  662 words
    • Article, Illustration
      Lock icon Close listing loopholes, SGX urged
      634 13  -  Minority rights champion says they allow firms to avoid certain disclosure From Quak Hiang Whai in Hong Kong HONG Kong's champion of minority shareholders' rights, David Webb, has highlighted loopholes in listing rules which he said prompted Li Ka-shing to avoid turning Hutchison Whampoa into
      REUTERS  -  634 words
    • Article
      Lock icon Loan probe hits Taiwan Business Bank shares
      250 13 TAIPEI Bloomberg TAIWAN Business Bank shares fell as much as 4.5 per cent after investigators started probing the island's 10th largest bank by market value for allegedly lending to a client in return for kickbacks. Taiwan Business Bank spokeswoman Chen Hsiaomei confirmed a
      Bloomberg  -  250 words
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      114 12 projecteyeball. you the lowdown on "3^^ what messages are >^» coming to your phone in PLUS: Eugene Wee was just a child when Opposition member JB this morning's edition of Jeyaretnam took the Anson ward. In this morning's E-male Address, he reveals what it was like growing up during the
      114 words
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      178 13 TVest frost Dehumidifer Made In Denmark The Vestfrost Dehumidifer with its comparatively quiet operation and removable air filter keeps the air diy and comfortable. It protects your home and offices against mould growth on clothes and furnishing. The Dehumidifier also prevents dampness and musty odours and helps to diy wet
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  • e-NEWS
    • Article
      Lock icon Sun Microsystems slashes quarter's profit forecast
      497 14 PALO ALTO, California Poor sales in Europe force third revision since February LAT-WP SUN Microsystems Inc. a top supplier of high-end computers for Internet and telecommunications companies, blamed poor sales in Europe as it slashed by half its profit expectations for the current quarter.
      LAT-WP  -  497 words
    • Article
      Lock icon Intel inaugurates commercial era of Itanium chip
      394 14 PALO ALTO, California NYT, AP WITH a barrage of press releases, Intel, most major computer manufacturers and several leading software vendors on Tuesday inaugurated the commercial era of Itanium, the first in a new family of microchips that Intel hopes will make it
      NYT,; AP  -  394 words
    • Article, Illustration
      Lock icon Searching for a silver lining
      704 14  -  I comment TECHNOLOGY Economic signs are not encouraging in the short term, but hope could come from an unlikely quarter kenneth james AMID the crush of press announcements on BT's Technology desk, one stood out. It was from a Hong Kong-based conference organiser, soberly stating
      704 words
    • Article, Illustration
      Lock icon DoCoMo's trial 3G service debuts in Japan
      274 14 TOKYO Reuters JAPANESE mobile carrier NTT DoCoMo Inc launched a trial third-generation service yesterday, securing its place as frontrunner in the race to provide services such as video-conferencing and fast Net access on mobile phones. Declaring that 3G would "write a new page
      Reuters; REUTERS  -  274 words
    • Article
      Lock icon Murdoch and Packer-backed One.Tel insolvent
      235 14 SYDNEY AP TELECOMMUNICATIONS company One.Tel Ltd, which is backed by media magnates Rupert Murdoch and Kerry Packer, said yesterday it is insolvent and trying to avoid bankruptcy. Mr Packer's Publishing and Broadcasting Ltd (PBL) and Mr Murdoch's News Ltd issued a joint statement saying they
      AP  -  235 words
    • Article
      Lock icon Yahoo CEO's options deal points to his commitment
      196 14 SAN FRANCISCO LATWP THE stock option package granted to Terry Semel, Yahoo Inc's new chief executive officer (CEO), suggests an unusual executive commitment to the company's long-term growth. The recent grant of 10 million options, combined with the one million shares Mr
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      654 14 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 J IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF HO-MAY CONSTRUCTION PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting of the abovenamed Company held on 28 May 2001 at 10.00
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      168 14 IN THE MATTER OF THE COMPANIES ACT AND IN THE MATTER OF KING'S CREAMERIES HOLDINGS PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the final meeting of the members of the abovenamed company will
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      22 14 Lianhe Zaobao m I Huizhou I I developers I I leave buyers I in the lurch I 1 I 1 IrJUKS I
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  • WORLD news
    • Article
      Lock icon Control dispute dooms Alcatel-Lucent alliance
      647 15 MERGER DEBACLE After agreement on price, deal fell apart over question of boardroom seats NYT, LATWP [NEW YORK] Alcatel and Lucent Technologies came within two chairs at the boardroom table of completing a US$22.B billion trans-Atlantic communications equipment merger on Tuesday, before ending the talks
      NYT,; LATWP  -  647 words
    • Article
      Lock icon Alcatel risks becoming prey after Lucent merger failure
      418 15 PARIS AFP ALCATEL'S failure to secure a merger with Lucent Technologies Inc, and its announcement that margins have weakened more rapidly than expected, have made the French predator a potential takeover prey, analysts said. Late on Tuesday, Alcatel announced the failure of
      AFP  -  418 words
    • WORLD Watch
      • Article
        Lock icon IPE shareholders okay bid
        38 15 Bloomberg [LONDON] A majority of shareholders in the International Petroleum Exchange accepted a takeover bid from online trading site Intercontinental Exchange Inc, clearing the way to create an energy market trading US$3.5 billion daily.—Bloomberg
        Bloomberg  -  38 words
      • Article
        Lock icon Tyco to buy C R Bard for US$3.2b
        61 15 Bloomberg [EXETER, New Hampshire] Tyco International Ltd agreed to buy C R Bard Inc for about US$3.2 billion to add Bard products to treat cancer and urology patients. Bard shareholders will get Tyco shares valued at about US$6O each, a 30 per
        Bloomberg  -  61 words
      • Article
        Lock icon AT&T shares swap
        43 15 Bloomberg [NE W YORK] AT&T Corp holders swapped US$7.B billion in stock for AT&T Wireless Group tracking shares, less than the company had planned, as some investors anticipate a higher return from a breakup of the long-distance phone giant. Bloomberg
        Bloomberg  -  43 words
    • Article
      Lock icon Authorities order Tokyo-Mitsubishi Sec to suspend trade
      234 15 U TOKYO Reuters JAPANESE financial authorities yesterday suspended Tokyo-Mitsubishi Securities from some bond and equity trading due to violations of securities laws involving exchangeable bonds (EBs) and euro bonds. The Financial Services Agency (FSA) ordered the wholesale securities arm of Mitsubishi Tokyo Financial
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      Lock icon EU firms urged to protect data from spies
      421 15 BRUSSELS AFP COMPANIES in the European Union should take steps to protect sensitive data sent by phone, fax or e-mail from commercial spies, a European Parliament committee said yesterday. The committee stressed there was no hard evidence to back up suspicions that
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      Lock icon Bush makes strong call to advance global trade agenda
      928 15  -  From] Leon Hadar in Washington PRESIDENT Bush has made a forceful plea for advancing his ambitious global trade agenda, including completing negotiations on a Free Trade Agreement (FTA) with Singapore and asking Congress this week to extend for another year China's
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      Lock icon IMF chief gives Koizumi's economic policies the thumbs-up
      866 16  -  But Japan may face a quarter or two of negative growth before economic activity picks np, says another IMF official From Anthony Rowley in Tokyo INTERNATIONAL Monetary Fund managing director Horst Kohler yesterday strongly endorsed the economic policies being adopted by Japanese
      AP  -  866 words
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      Lock icon Foreign investors on 'buy Japan' spree
      877 16 TOKYO Foreign direct investment hits record 3t yen Reuters FOREIGN investors poured cash into Japan at a record rate last year for the third year in a row, as they flocked to take advantage of tumbling prices of shares and land. Stop-go growth that
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    • Article
      Lock icon NEC to halve investment at China chip plant
      197 16 TOKYO Bloomberg NEC Corp, the third-biggest chipmaker, said it will reduce by almost half spending to expand semiconductor output at its Shanghai-based plant this fiscal year because global demand has dropped. Shanghai Hua Hong NEC Electronics Co will invest 20 billion yen
      Bloomberg  -  197 words
    • Article
      Lock icon Bush says no to federal caps on energy prices
      508 16 LOS ANGELES He rejects California governor's plea; latter threatens to sne fed govt AP FACE to face, US President George W Bush rejected California governor Gray Davis' plea for federal caps on soaring electricity bills and called for an end to
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      Lock icon Biden to head US Senate Foreign Relations Committee
      332 16 Bloomberg [WASHINGTON] US Senator Joseph Biden will become chairman of the Senate Foreign Relations Committee, replacing Republican Jesse Helms, a shift that may spell trouble for President George W Bush's missile defence system proposal. Mr Biden, announcing his decision at a news
      Bloomberg; AP FILE PHOTO  -  332 words
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      1019 15 STAMFORD TYRES CORPORATION LIMITED (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 19 Lok Yang Way, Singapore *****5 on 22 June 2001 at 3 p.m. for the purpoae of conaidering and,
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      89 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
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  • FINANCE & commodities
    • Article
      Lock icon STI June contract down 1.5%
      264 17  -  SGX Derivatives Trading Report ST Indes/MSCI SPpore Index Daniel Wong Refco Singapore Pte Ltd SINGAPORE stocks fell yesterday, led by a weak electronics market. The benchmark Straits Times Index fell 19.51 points, or 1.2 per cent, its worse percentage drop in two weeks, to settle
      264 words
    • Article
      Lock icon Futures close lower as stocks fall
      259 17  -  MS& Taiwan Index Daniel Wong Refco Singapore Pte Ltd TAIWAN stocks fell yesterday on a turnover of less than half the total daily average in the last six months. The MSCI Taiwan Stock Index shed 3.04 points, or 1.28 per cent, to close at
      259 words
    • Article
      Lock icon CURRENCY REPORT
      216 17 AFP Ifflniwi THE euro recovered a measure of poise yesterday after the collapse of a transatlantic telecom merger that would have implied a heavy currency flow from euros into US dollars, analysts said. But the single European currency quickly came under pressure once again from weakening euro-zone indicators,
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    • Article, Illustration
      Lock icon Untitled
      1233 17 WTEEBAMK CROSS EATB8 y A$ C$ Kmfe faro Ffr Dm HK$ Ind »s NpMt Ytn Wow 9H NZ$ Pafc Rs Peso S$ Bawd Sfr MT$ BUt Pound USS Australia 0.795 4.289 0.605 3.966 1.183 4.031 24.267 58.367 0.621 6.663 1.964 1.231 32.581 26.132 0.935 4.111 0.922 17.585 23.435 0.363 0.517
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      Lock icon Untitled
      1955 17 SICOM FUTURES May 30 RUBBER (futures dosing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 01 1M.75 Jul 01 114.75 250 Aug 01 115.00 250 Sep 01 116.50 250 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest
      1,955 words
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      32 17 0] N M ROTHSCHILD SONS over 200 yeart of banking Tel: 65-535 9677 65-535 9100 Fax: 65-535 8713 i f i l#i i Email: treasury@rothschild.com.sg Call Rothschild Treasury Services today. Website: www.nmrothschild.com.sg
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  • STOCKS east asia
    • Article, Illustration
      Lock icon Hang Seng eases 1.5%, led by falls in telecom, tech stocks
      2832 18 HONG KONG AFP jHangSeog -209.48 HONG Kong share prices fell 1.5 per cent yesterday, led by telecom and technology stocks following Nasdaq's overnight fall. The key Hang Seng Index lost 209.48 points to close at 13,420.13 on a turnover
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      Lock icon CHINA
      1243 18 Reuters Shenzhen B Index +1452 w CHINA B shares closed up sharply yesterday as investors banking on fresh liquidity inflows went on an afternoon buying spree, rescuing indices that were down more than 3 per cent in intra-day trade. Brokers said buying focused partly on poor earners with potential
      Reuters  -  1,243 words
    • Article
      Lock icon TAIPEI
      380 18 AFP lyfWPlndei -38J9 TAIWAN share prices closed 0.7 per cent lower yesterday as investors took to the sidelines amid lingering political and economic uncertainties, dealers said. The Taiwan Stock Exchange Weighted Price Index shed 38.19 points to 5,057.07, on a turnover of NT538.74 billion. Declining issues outpaced advancers 303
      AFP  -  380 words
    • Article
      Lock icon Tokyo shares fall 2% on Nasdaq slump
      2104 18 TOKYO AFP □Wktai22B -***** SHARE prices in Tokyo closed 2 per cent lower yesterday as falls in the Nasdaq weighed on Japanese stocks. The Nikkei Average of 225 select issues lost 280.54 points to end the day at 13,493.35. The Topix index of
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  • STOCKS klse
    • Article, Illustration
      Lock icon KL stocks rise on Telekom-led blue-chip gains
      415 19 AFP, AFX-Asia yjOompogte Index +3L06 MALAYSIAN shares closed 0.5 per cent higher yesterday following gains in blue chips led by Telekom Malaysia. The Composite Index ended up 3.06 points at 570.68. The Second Board Index lost 0.25 point to 105.95. Some 101.43 miUion
      AFP,; AFX-Asia  -  415 words
    • Article
      Lock icon Untitled
      8918 19 INDUSTRIALS Cmsmmt pnMt 2001 last Vol Day Nat Cap High Low Company SaH 'OOP High Low P/t $nOI 340 290 A/inomoto 304 9.1 123.2 45 24.5 Angkasa 28 -1 16 28 26.5 4U 342 282 Apollo Food Hlg 310 6.7 12* 0 356 266 Asia File 278 11.1 185.1 3875
      8,918 words
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  • SGX clob & regional stocks
    • Article
      Lock icon Untitled
      2616 20 BONDS WARRANTS May 30 m ■rati fmml bpkf U-«Mk U«t M (ay LralOaHi *ra tmmt Um Um Mk MIb NN* l*« fi«p»> rar- r—) W» L— —yr Mfc M» b—»H >*» M» (%1 «iirti|l UW 37 0.5 Acma W*****4 0.5 0.5 1 41.0 I 300 65t 80.00 2 15 2.5
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      Lock icon BANGKOK
      728 20 SET Index +0.71 THAI stocks edged up yesterday, but bank stocks dropped again on concerns that the central bank will force them to cut interest rate margins. The Stock Exchange of Thailand (SET) Composite Index was up 0.71 point, or 0.23 per cent, at 310.18 points. The blue-chip SET
      728 words
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      Lock icon MANILA
      284 20 AFP f V Composite Index +ILO7 PHILIPPINE share prices rose 0.8 per cent yesterday in a technical rebound, analysts said. The Composite Index gained 11.07 points to close at 1,396.50. Volume rose to 455 million shares, while value dropped to 399 million pesos. AFP May 30 Peso (000) Abacus
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      Lock icon JAKARTA
      732 20 AFP Composite Index +155 INDONESIAN share prices closed 0.6 per cent higher yesterday, falling sharply from their highs amid fears of more violence after rioting by President Abdurrahman Wahid's loyalists. The Jakarta Stock Exchange Composite Index closed up 2.55 points at 408.93, off a high of 414.14. Losers led
      AFP  -  732 words
    • Article
      Lock icon WELLINGTON
      267 20 Reuters DHEE-40 -18J5 A 2.5 per cent fall in the share price of Telecom Corp of New Zealand weighed on the New Zealand share market yesterday. The NZSE-40 Capital Index closed down 18.15 points, or one per cent, at 2,034 on a turnover of NZ$l45 million. **!*> (000) Advantage
      Reuters  -  267 words
    • Article
      Lock icon SYDNEY
      554 20 AFP NAD Ordinaries -&50 AUSTRALIAN shares eased 0.25 per cent yesterday, led by falls in major resources stocks. The All Ordinaries Index fell 8.5 points to 3,339.9, while the SP/ASX 200 eased 9.6 points to 3,401.5. The All Resources Index dropped 13.9 points to 1,587 and the All Industrials
      AFP  -  554 words
    • Article
      Lock icon SEOUL
      310 20 AFP POwnpoate Index -&C 3 SEOUL'S Composite Index closed down 3.63 points, or 0.6 per cent, at 628.42. Volume was 444 million shares worth 2.3 trillion won. —AFP MtfM Don Arum Stmi „....4810 -190 Brain Tech -10 Central Bank 170 0 CheH Comm *****0 0 Da* Gu Bank 1745
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  • Article
    Lock icon STOCKS sgx
    8703 21 SQXiwtaiwBOARD Gr fir M Wt U-M Last Voi Day lat Quote IMv Otv YW Nat Cm Avg Hqfr low Cgm Ml rowt low —yr M> Cvr Wt Wl Wm MULTI-INDUSTRY 143 35 c AcmaSOc 40cd 1 465 41 39 395 40 OS 199 06 105 694 41 41
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Proportion of women who smoke set to surge: WHO
      643 22  -  UN agency urges govts to counter tobacco industry's aggressive marketing, writes elesabeth olsom ELIZABETH OLSON NYT [GENEVA] GLOBALLY, four times as many men as women are smokers, but aggressive tobacco marketing and promotion could greatly increase the percentage of women who
      NYT; FILE PHOTOS  -  643 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      49 22 The Evolution W Of theJEEP Celebrating the 60th Anniversary Ejjj jiu jiu 50th anniversary I .yn»f the Land Cruiser" I S'i&tJt'SS?,% d £"A..n,: US$5Ol 1 4x4Magazine (Singapore) Address: 33 Mosque Street #03-00 Singapore *****1 p| us postage B I jga'saassar* ,awGAPORE) f mln mi lin in i;i 11 i^-^rmwTapmwwanigWMMigwiWM
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      181 22 AIR FREIGHT A SPECIAL FEATURE SHIPPING TIMES SO JUNE 2001 f3^^nTrwT| logistics and related businesses, 20 June 2001 could bring i unprecedented opportunities. For enquiries or V -J J t That's because Shipping Times EP 4 will publish a special feature to bookings by highlight the latest developments 13 June
      181 words
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  • Page 23 Advertisements
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      258 23 Where to wine, dine and entertain.^ Dine in style under the stars in Singapore and be enchanted by our relaxing and beautiful Balinese poolside ambience and accompanying live music. Complemented with a mouth-watering spread of BBQ steak, prawn, chicken curry and torn yam soup and other International Buffet items from
      258 words
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      Lock icon Page 23 Advertisements Column 2
      5 23 I THREE^LANf' a^° rx °n/c/iG
      5 words
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      Lock icon Page 23 Advertisements Column 3
      67 23 1 m ■AJjjjk m a. 2£f. P" "t 'Si i. I "V V Sushi bar Noodle house on r ver^ront Open 7 days Ipf* Lunch 1 2noon 2.30pm S/ Dinner 6pm 10.30pm Hotline 233 1126 G r ,i n (I C ii p t h n r i t i
      67 words
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      Lock icon Page 23 Advertisements Column 4
      85 23 J® BUFFET DINING AT ITS ■II r oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes to leave Lunch: 12:00 noon 2:30 pm WW Suujapore ffiftHHS 333 Orchard Road, Singapore *****7. Tel: 737 4411 Fax: 732 2361 ranq mahal Buffet Lunch, Noon to
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      929 23 ine DUbiiiebb i imes, i nursudy, rviay oi, cuu i TV Works 9.00 Healing Hearts. 7.00 Love Me, Love Me Not. date. maa »>• w r 10.00 10.00 News. 8.00 Love Match 2. 1L34 Between The Lines (R). w f I r~S 1 |J— i"? 1 400 fM Men Are
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      Lock icon Page 23 Miscellaneous Column 2
      300 23 CRYPTIC CROSSWORD ACROSS 4 They can be thrown in sad ptc--1 I stand corrected at church for tures 7 > 4 absence (8) Just a boy king (7) 5 A pinion holding new sun shel- 7 Reverence giving hero a go? ter (6) (8) 9 Fever after extensive vein-tap- 8
      300 words
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  • PROPERTY
    • Article, Illustration
      Lock icon What it takes to be a council member
      1039 24  -  This is part of a weekly series on property management contributed by Knight Frank Estate Management Candidates for the job need to be willing to commit time and effort while perforating an often thankless task By Michael Tan The writer is a
      Source: Knight Frank  -  1,039 words
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      Lock icon Little beauties
      718 24  -  By' Thien WE got to know JL, or should I say one of his exotic hybrids, long before we met him. It was three years ago in this column that I wrote about wifey calling me excitedly from the Botanic Gardens, gushing over a dropdead gorgeous new Frangipani
      PHOTO BY THIEN  -  718 words
    • Article
      Lock icon Growing Plumeria from stem cuttings
      132 24 Let the sap from fresh cuttings dry out first; leave these standing in a dry, shady area for a few days Next, pot the cuttings in burnt soil till they root, and not straight into the ground. Tear off some of the leaves if necessary.
      132 words
  • Page 24 Advertisements
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      44 24 MONDAY TUESDAY WEDNESDAY THURSDAY jU /m*\ ft m M I /I W I I \Zf U I K Executive Suite FRIDAY SATURDAY M J fc M v^|H WEEKLY SPECIALS More than just business news. Six days a week. P/us: New BizWomen and E-News daily.
      44 words
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      Lock icon Page 24 Advertisements Column 2
      60 24 FOR SALE (il AMBASSADOR RESIDENCE IN DENHAM CLOSE Rare opportunity to purchase a LARGE residential property in prime location. Good-class bungalow, excellent bedrooms, study and servant's quarters condition, complete privacy, unobstructed Good size inground pool views from back terrace Tenure 999 yrv Land 37,770 sq.ftJ Built up 6,510 sq.ft. Vacant
      60 words
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  • Article
    Lock icon HOUSE HUNT
    2889 25 HDB transactions between April 28 and May 28. TYPE/LOCATION POSTAL CONTRACT BUILT-IN PWCE PSF CODE DATE (SOFT) (SJ'OOO) (SS) 3-Room (type A) Bt Batok West Ave 8 *****9 04-May-01 786 135 172 Bt Batok West Ave 8 *****7 12-May-01 797 143 179 Jurong West Ave 1 *****0 11-May-01
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  • Article
    Lock icon Clarification
    62 25 IN the article "Retail 21: boon or bane" contributed by Jones Lang LaSalle and published in Executive Suite on May 17, The Association of Shopping Centre Management (Singapore), or TASC, was named as a local establishment of the International Council of Shopping Centres. TASC has clarified that it is
    62 words
  • Page 25 Advertisements
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      103 25 Best Timing Herdsmann Business Park, Perth Prime Location Leased to listed public company as its Australian and international headquarters. 7.5-year lease commencing June 2000 Herdsmann Business Park is prime Business area, 10 minutes from Perth CBD. Neighbouring tenants include 3M, 3Com, Canon Guaranteed minimum rental increases every year, with further
      103 words
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      Lock icon Page 25 Advertisements Column 2
      52 25 17 Residential Development Site For Sale By Tender Gran 9 e Road /r MCam4o Land area approx. 20,325 sq ft Freehold Tb. piot ratio 2.1 Height control up to 24 storeys Single owner selling PROPERTY W Tender Closing 8 June 2001 //*> For enquiries, please contact: ROAP —Investment Department c
      52 words
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      Lock icon Page 25 Advertisements Column 3
      185 25 f /JTNv Jones Lang w LaSalle. Two Adjoining Bungalow Sites at 12C Chatsworth Road 5 g Q 12D Chatsworth Road 19 045 sf PP (With Conservation bungalow) Pyj^ Flexibility to acquire either one or both sites FOR SALE BY TENDER Closing Date: 18th June 2001(Mon) at 3pm Prime Freehold Commercial
      185 words
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  • EXECUTIVE suite
    • Article, Illustration
      Lock icon Lightening that home loan burden
      1013 26  -  MARTSSA CHEW finds out how some homeowners switch financiers and see their liability shrinking MARISSA CHEW WHEN O C B C Bank kept sending h i m letters telling him of climbing interest rates for his home loan back in 1997, public relations consultant Jeffrey
      1,013 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      94 26 ft V Better Sleep Through Science" v SIMMONS SOI IHI VI \S! APII I IP U..\ ion u.h k„.i.< n't sii.m 11, vs. r Sniu.iport IM'J.OJ A? r. K.i* 2'Monn^ te*: The Simmons BacHcare Ultimate mattress economically designed to j^^gggggg^^^B^^g^^^^^^^^gk maintain the natural shape ol vour spine while you sleep.
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      207 27 Reuters THE Baltic Dry Index (BDI) fell eight points to 1,408, the Baltic Panamax Index (BPI) lost 14 points to 1,411, the Baltic Handymax Index (BHI) dropped 51 points to 9,435 and the Baltic Capesize Index (BCI) was down five points to 1,762. nME-CHABTBEt: ♦Red Cherry (built 1999)
      Reuters  -  207 words
    • Article
      Lock icon MARITIME STOCKS
      313 27 SGX '000 SS »ol CWT Distribution 0.62 0.01 33 Chuan Hup 0.31 unch 118 Cosco Investment 0.21 -0.01 613 Freight Llnlis 0.08 unch 394 GB Holdings 0.45 -0.01 28 IMC Holdings-HK 5.60 unch 0 Jay a Holdings 0.16 -0.01 180 Keppel Corp 3.38 -0.12 1532 Keppel FELS 1.00
      313 words
    • Article, Illustration
      Lock icon IMO talks focus on shelter for ships in distress
      486 27  -  Preliminary discussions begin in London on new sheltering rules for member countries By] Beth Jinks [SINGAPORE] Global guidelines designed to ensure safe provision of shelter to ships in distress are expected to be established during an International Maritime Organisation (IMO) meeting
      486 words
    • Article
      Lock icon Japan yards brace for harder times
      672 27  -  MEWBUILDS By David Hughes The major Japanese shipbuilders are struggling to turn themselves around as market conditions become ever more difficult for the main conglomerates. Most posted a hefty loss on their building operations for the past year,although there are success stories buried in
      672 words
    • Article
      Lock icon Deal to salvage nuclear submarine wreck signed
      87 27 [SINGAPORE] Dutch salvage company Transport B V Mammoet has reportedly signed a contract to raise the wreck of Russian nuclear submarine Kursk, which sank in the Barents Sea, killing all 118 crew last year. Salvage is understood to begin in mid-July using a
      87 words
    • Article, Illustration
      Lock icon Greater cooperation must for maritime safely: US
      310 27  -  American Coast Gnard chiefs call to fight complacency By Donald Urquhart [SINGAPORE] The world's maritime community must resist complacency and work together to "raise the bar" in promoting safety, said the United States Coast Guard's (USCG) top official yesterday. In Singapore at the
      RICHARD CHNG  -  310 words
    • Article, Illustration
      Lock icon Going down
      115 27 JOHOR] The bow of the Singapura Timor is all that is visible after its collision with the Bahamas-registered Rowan near Malaysia's Undan island early Monday morning. A spokeswoman for the vessel's Singapore-based management company, Odyssey Maritime, told Shipping Times Nippon Salvage had been appointed by insurers to retrieve
      REUTERS  -  115 words
    • SHIPPING news
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      173 28 PAGE Appenship 5 Assets 5 Austral 6 BSA 7 B'tang Mas 6 CCNI 7 CMACGM 3 COSCO 3 Colony Loq S CSAV 3 Central Ex 6 ChoYanq 5 China Shpg 5 It Cougar 7 t CWT Globelink 7 Deknas 4 Oiak Lloyd 6 Dongnama 3 ECL 4
      173 words
    • Article
      Lock icon SHIPPING GUIDE
      7577 34 THEBUSINESSTIMES Page 8 EXPORT THURSDAY, MAY 31, 2001 ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 11/06 08/07 Kien Hung EXCELLENCE CONTAIN ECI03S 65-*****33 n/06 14/07 Delmas HYUNDAI FORTUNE 302W 65-*****44 13/06 18/07 COSCO EMPRESS SEA 0111W 65-*****00
      7,577 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        787 35 Vessel Voy No Berth Arrival Departure Spc Capricor 65 30/05/6:30 30/05/19:00 Bt Mri ***** J01 30/05/8:15 30/05/1800 Bt Dencipta2 ***** J02 30/05/7:00 30/05/2300 Sri B*u 1 01-May J02 30/05/6.-55 30/05/23:00 Winstar 8 026S01 J03 30/05/7:25 30/05/16.00 tropical 28 09*01 J03 30/05/8:45 30/05/1700 BayswaterTIS M1131 J02 30/05/835 30/05/1600 Royal
        787 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1993 35 RECEIVING OF EXPORT FCl COOTAIMERS AND LCI CARCO BooklRj/Balanc* Rstts Ship Voy No Etb/Btr Ptriod From To Fran ACTUARIA OTNOO 2/2*0 W 29/000 29/1*99 *****00 2A 29/1700 30/0659 30/0*00 2* 29/1700 30/0*99 30/0*00 3 30/0700 30/109 JO/MOO 4 30/1200 30/1459 30/1700 ACI FALCON OOO 31/23 59 29/000 29/099
        1,993 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        171 35 Jane 4 Malaysia: Birthday's of Prophet Mohammed SAW Indonesia: Birthday's of Prophet Mohammed SAW New Zealand: Queen's Birthday Ireland: June Holiday Germany: Whit Monday Jane 6 South Korea: Memorial Day Jane 11 Australia: Queen's Birthday Jane 12 Philippines: Independence Day Jane 25 Hong Kong: Tuen Ng Festival Taiwan:
        171 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        750 35 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 averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change and
        750 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        564 35 Carbon 180 Mm 984.1 0.5 12.5 0.07 40 0.03 May 24 Density Water Residue Ask Aluminium Sediment No above E25 0 0 0 0 0 0 380 Ave 985.2 0.3 13.5 0.06 20 0.02 Cum 380 Max 990.6 0.8 16.3 0.08 45 0.04 »C/IT3 w/V m/m
        564 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Star Alliance risks losing two member airlines
        522 36 Thai Airways may leave; Air NZ may quit if Qantas deal goes through Reuters [LONDON] The Star Alliance faced the risk of losing two member airlines on Tuesday as one carrier said it might quit, while another looked like it might have to
        Reuters; FILE PHOTO  -  522 words
      • LOG Book
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          Lock icon MHI mulls joining Boeing project
          112 36 Reuters [TOKYO] Japan's largest aerospace contractor, Mitsubishi Heavy Industries Ltd (MHI), said yesterday it was considering taking part in the development of Boeing Co's new mid-sized jet, dubbed the Sonic Cruiser. In March, Boeing announced it had shelved plans to develop a superjumbo version of
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          Lock icon Air France order worth US$900m?
          100 36 AP [E VEND ALE, Ohio] An Air France order for engines to power new jets the airline is buying from Airbus Industrie could be worth as much as US$9OO million to an alliance that includes General Electric Co and Pratt Whitney. Air France chose the
          AP  -  100 words
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        Lock icon ANA to lease 3 A320s from Mitsui
        303 36 Fleet consolidation part of efforts to cut costs Reuters [TOKYO] Japan's second largest airline All Nippon Airways (ANA) said yesterday it would lease three Airbus A 320 aircraft from Mitsui Co Ltd in 2003 as part of efforts to streamline its fleet. Announcing
        Reuters  -  303 words
      • Article, Illustration
        Lock icon Air France halves Q4 loss to 40m euros
        627 36 Rising traffic, higher revenue per passenger cited Bloomberg [PARIS] Air France SA said its net loss for the fourth quarter narrowed as Europe's third-largest airline benefited from passenger traffic rising faster than capacity as well as from higher revenue per passenger. The
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      • Article
        Lock icon Two PSA units enter Italy air cargo market
        341 36  -  New firm set op to capitalise on airport liberalisation By Beth Jinks [SINGAPORE] Two PSA Group subsidiaries have entered the Italian air cargo market, incorporating a new joint venture company this month. Announced yesterday, Changi International Airport Services Pte Ltd (CIAS) and
        341 words
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        Lock icon Concorde relaunch for both BA and Air France
        152 36 Reuters [LONDON] British Airways and Air France will re-intro-duce Concorde flights at the same time, possibly in September, foUowing final tests over the summer, the Guardian reported yesterday. The newspaper quoted Air France sources as revealing the plans. The sources said both
        Reuters  -  152 words
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        Lock icon FAA launches new runway alert system
        323 36 The Amass will be deployed at 34 US airports by year-end Reuters [WASHINGTON] After years of development problems and delays, a new software system to alert controllers of potential runway collisions has been cleared for use at 34 US airports, the government said on
        Reuters  -  323 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1810 36 on mtw no fuair n» IMh 0*7301 mo 0*7302 2095 w wo wt 2055 sour 0705 SM» MM *1837 1455 ***** 2255 $024 IMS tttmm 50X7 OHO $8348 2255 ImtUmi N***** 2045 IQ4205 2045 aat log Has mm mn* W 0M5 SkIHim SM2I noo $062 0910
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    • E-COMMERCE IN TRANSPORTATION & LOGISTICS
      • Article, Illustration
        Lock icon Survival of the fittest
        736 37  -  What are the service providers up against in transportation management? By Fiona Kerr The dot.com crash has left a bitter aftertaste in many providers' mouths. The venture capital environment coupled with the reluctance of end users to embrace Web-en-abled transportation management services has caused a market
        736 words
      • Article, Illustration
        Lock icon Logistics of e-commerce
        991 38 E-commerce has the potential to revolutionise the logistics industry provided, of course, that it is handled correctly. Global competition, changing markets and the pace of technological developm en t s have, in recent years, extended the concept of transport and logistics beyond the traditional boundaries of simply
        991 words
      • Article, Illustration
        Lock icon Award-winning system
        323 38 CWT Distribution Limited or CWT is one of Singapore's largest logistics service providers, offering integrated logistics solutions. With numerous subsidiaries and associated companies in the Asia-Pacific region, the CWT group has operations in China, India, Thailand, Pakistan, Malaysia, Indonesia, Australia and Dubai. The group is also connected to
        323 words
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      4 27 *n #ir» 1 www.maritimeChain.com
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      195 27 Obit Father of of Coßtalnerisatloii Pg2 StarAlliaacoriskslosing awators BackPg MEDITERRANEAN RATE AGREEMENT (MRA) TERMINAL HANDLING CHARGES (T.H.C.) IN CYPRUS. The Member Lines of the Mediterranean Rate Agreement (MRA), having reviewed the local situation on the subject have decided to adjust the existing import THC from CYP64 x 20' 109 x
      195 words
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      670 28 I NORTH AMERICA GULF/INDIA SUB-CONTINENT I ii i [SUPER SHUTTLE EXPRESS (SSX) IOULF KARACHI EXPRESS (QKX) VESSEL VOY IG» "TT™ fKUIIC VESSEL VOT JEA DMH MD OOCL NEW YORK 13W19 14/05 03/06 05/06 NEDUOYD CLAREJICE 011 23/05 J4/05 16/05 03/06 ooa unw sumo nm n/u mnM m WK /K nm
      670 words
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      704 28 Lines services represented by Members of the Registry of WAccredited Shipping Agents, Ng»»< jjy Singapore Shipping Association Members of the Singapore Logistics Association |gULYUNE-MAU ivisstt TVOY r™ rm m P. KLANG STORE MALI Empress Lily VO5Ol 08/06 09/06 17/06 Princess Lily VO5Ol 21/06 22/06 30/06 Empress Lily VO6Ol 05/07 06/07
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      1185 29 TO USA (SAX SERVICE) VESSEL VOY SIN HA LAX OAK DAL HOU CHI COl MEM ATI NYC APL SCOTLAND 1011 30/05 14/06 19/06 19/06 19/06 19/06 20/06 19/06 21/06 21/06 APLCYPRINE 102E 06/06 21/06 26/06 26/06 26/06 26/06 27/06 26/06 21/06 21/06 API KM.ITE 103E 13/06 28/06 03/07 03/07 03/07
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      2004 29 TO ANN T/TllO MYS JIRDAH T/T tl2 BAYS W AQABA T/T tIS PAYS GENERAL AGCNTS IN SINGAPORE: M ROMNSONIO #12-00 SAUS/BKGS TIL *****57/43 FAX: *****21/71 MALAYSIA OFFICE: PASIR GODANG TEL 07-*****66 FAX: 07-*****70 COSTAR SHIPPING PTE LTD SINGAPORE *****0 OUTWARD (l/u *****02 *****25/75 PORT RUNG 03-*****633 03-*****660 «l«-l 17* 7«OOOOOM
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      1358 30 SENATOR LINES TP EUROPE ID MPOU EAST/iIAW/RB> SEA vtssa vot sw uh tra m hmi wv hi Yissa vqt sw ni dm jb HANJMIOW 0014* 12.05 O>.M 10.04 11.06 12.0* 13.0* 14.04 FOWMKT 00I4W 24.0$ 02.04 05.04 MJ4 10.04 HMMOHMG 000JW 25.05 14.04 17.04 14.04 ISM 1104 MHOOT 0014W 02.04
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      979 30 V— SSGMS?SS SmqwSC BuSttAVfcpi)aamii P.iaa>liQ;(M»mM7y JKE(*I)BBO«>46 KUQRMQ(O«2) *****1-3 ADELAIDE 1 BARCIIONA/GENOA MV "MOL WARATAH V OOQ MV "**>«*«* SHARJAH V.378W WAHATAH V.OOv ETA SIN: 04-06-2001 ETA SIN: 04-06-2001 YOK/TYO/KOBE/OSA CALCUTTA MV "ASIAN POLUJX" V.N202 MV "SUNNY ONE" V.SO23N ETA SIN: 03-06-2001 ETA SIN: 01 -06-2001 SHANGHAI HAIPHONG MV "PROVIDER" PVD
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      316 30 THE NEW SERVICE TO THE FAR EAST FROM IST JUNE 2001 NHAVA SHEVA NHAVA SHEVA 1 t COLOMBO COLOMBO t SINGAPORE SINGAPORE i t HONG KONG HONG KONG t BUSAN ►SHANGHAI AGENTS: SINGAPORE: FM EASTERN SERVICES PIE. LID. TEL *****55 C.R. NO. **********0 M HOT LME: *****15 FAX: *****44 K.
      316 words
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      1465 31 [VESSEL VOY KHH HKO I SIN PKI PXB BAB DMM BIK 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 10/06 17/06 18/06 20/06 22/06 IRAN HORMOZGAN PCL-211 12/06 13/06 16/06 17/06 24/06 25/06 27/06 29/06 IRAN TEHRAN PCL-212 19/06 20/06 23/06 24/06
      1,465 words
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      375 31 I Loading for 1 OCEAN RANGER RDM/ATW/BMN/UK I EFESSOS RDM/ATW/BMN/UK I Loads Singapore. EVW Malaysia. Indonesia I Loading for SEA RENOWN DBl/ABU/DOH/BRN/DMM/KWT PAN EXPRESS HOO/JDH/AQA L DIMITROVA JDH/AQA PAN QUEEN DBl/ABU/DOH/BRN/DMM/KWT PEUNOVO DBl/ABU/DOH/BRN/DMM/KWT EVE RISE GLORY JDH/AQA 'Loads Singapore. E-/W. Malaysia Indonesia I Loading for I OCEAN EVER MZL/CAM/NFK/SAV/NOL I
      375 words
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      1285 31 EXPORT IMPORT vraa i vot sm |ib<|»t»;ai«|ha«|mv|ri vtssa vot ktm ham fu luhl sm pudongsm oi»w os/ot nm um, »/06 urn n/u am hj iqnpon oast io/os 12/05 m/os 1 17/05 03/06 puoveshsbi Hffi 12/06 w/ot 01/07 o?/67 03/07 ***** ow hj wusstis oo6t 17/05 19/05 21/05 24/05; 10/06 PUSANSIN
      1,285 words
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      1220 32 «H>OPI/UK/SCAWPtt4WU EXPORT vßsa/vowa sgp row hk Bhvth> m wv UUBSUUOO97-Ol9> 03A16 2QA)6 J 22/D6 EDYNMKO94ORYWIS 04/06 22/06 1 23/D6 25/06 27/D6 28A)6 lIUHEOO9WIOW m 27/06 29/W 01/07 LDfVOTfOMIWWI? 11/06 29/06 1 30/06 02/07 (H/07 OVO7 EAST AND WIST MEDTTERRANEAN/BLACK SKA EXPORT vßsa/vorAGf sgp g» gna fos kn Iwc rcs ugragioosw
      1,220 words
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      813 32 vissn I vot I m lmi mtp ioT" vessel vor 1 si jkt pjn NAKTAIHUM SSON 02/04 04/04 OS/04 HAH IHUM 434S 02/04 05/04 unmwp" m_Ji& Mt 2z/2t_ w m m—JZZ°*— KAIDO OIK 04/04 08/04 01/04 HHBK 'ft <H/P* _JSM UNI (HUM 212N 05/04 04/04 10/04 UMAAtfiT?* Hi! SiZSI 2L24
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      550 32 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULL COKIKMNBB BBTVICE va *rt_ wc sm m m srp m hm ah m AFIIVORY 3ts M/060S/06 11/06 17/0* 19/06 JI/06 rami ioT n/otu/o* n/o« m/o* u/ot n/ot nvkhhk "o»T i»/ot it/M 25/06 01/07 a/or %/a KNDAMABf 405 B/0616/06 06/07 OS/07 10/07 13/07FEEDER SERVICE
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      425 33 BSfl ik Wm MYANMA FIVE STAR LINE (Myoßmar Notional Line) Loading for Yongon VfSSU VOY SIN PKL PIN PGU lAGO 118W SU> MONG LA 45W SIO MALAYSIA AGENTS: 80USTEAD SHIPPING AGENCIES KUL TR 03-*****300 PKL: Til 03-3176*101 PIN: TH 04-2****** PGU: HI 07-*****21/4 BANK LINE (A strvic* of Andrew Weir
      425 words
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      1218 33 HMN^ HYUNDAI MERCHANT MARINE CO., LTD. IVESSEL VOY IBMI SOU UH RWI ANT HAM BRV IVESSfI VOY SOU 1« RTM I ANT I HAM I»V I SBI I HY GENERAL 331W 28/05 19/06 13/06 14/06 16/06 11/05 12/05 06/05 08/05 JO/05 API GARNET 103W 31/05 18/06 23/06 20/06 21/06 ffCMWOPORi
      1,218 words
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      994 33 vftv WALLENIUS WILHELMSEN 10 NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT SERVICE" IVfSSQ VOY lAMP HIIGHT SIN I IK* MAO MIA SAV I »Al I ORF I NYC NEW Mo> TOM AMII2 4001 ms *JM 09/0* 15/07 18/07 20/07 22/07 23/07 25/07 29/07 31/07 TARONGA AMII3 4001 m 6.3 M
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  • Page 35 Miscellaneous
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      Lock icon Page 35 Miscellaneous Column 1
      134 35 jgtr K NXV Issued by Meteorological Service Singapore K Thunderstorm A Showers 0 Rain lemperature Up/ Wind direction and speed in knots a Weather Cloudy Day Tf j 37 _i u i Se a Conditions Wind speed symbols r— ——i 1 O Full circle w/o line indicates calm or light
      134 words
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      40 37 ~tt iiyssi mP I I (fjli The Why use to your I I the years the one One Your complete No matter As one the top the every do whatever takes to make you more more The a gain the
      40 words
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      38 37 September meeting EfHbrtraiBpoft is orgwsin Efefaftraaiport Asia 2001 at the ShmgrHj Hole) ie Singapore on Sent 13 and H ftp ntestry speakers fill cwif topics At line business models, online niitftetpiaces and For more Monaatian. visS mnuyefortranspoftaufeitiOOl .OSfii
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      148 38 Fast, efficient and transparent Warehouse Logistics with the Software-System LAGOS for e-fulfillment in your Warehouse and Logistics Centre Optimised Warehouse Location Management Paperless Putaway and Picking by Radio Frequency also Forklift Control AS/RS Automated Storage Retrieval System as well as Conveyor Control Picking, Packing and Shipping control Logistics Control Centre
      148 words