The Business Times, 6 June 2001

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Microfilm: NL22998
Total Pages: 38
1 38 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet: http://business-times.asial .com.sg/ WEDNESDAY, JUNE 6, 2001 850
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  • Article
    Lock icon MARKET SUMMARY
    75 1 sn U74J2 (+8.50) n™ U C6CJ7 (+2.75) ST DIDBZ FDTQIES 1,173 (+5.00) SDBKIFUTDSES 207.80 (+0.30) STOCK KAHET INDICES Tuesday Change KLSECOMP W7J6 -190 NIKKEI 226 11,182.00 -130J6 HANG SENG H4»L87_+244J8 SET INDEX 110.14 -182 JAKARTA COMP __»6.46 -0.06 MANILA COMP —U9171 -19.74 TAIPEI WPI 5,066.06 +7956 SEOULCOMP 697.86
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  • Article
    Lock icon FINANCE
    78 1 ramimw us$ ss USS (SSperUSS) L8« £(USS/SS per S) 1.410 1Mb EUBO(USS/SS/E) 0544 li30 DM 2J16 1179 YES llli 66.00 HM 1860 1097 HKS 7500 1305 BAHT 4a. 08 24.88 RUPIAH 11J36 6101 •SStolOO units PUKE BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA .39.00 BANGKOK 9.50 MANILA II 00
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  • Article, Illustration
    Lock icon Govt slashes land sales to 4,000 private homes and ECs
    1419 1  -  It starts Reserve List of 2,300 units to give more flexibility to GLS programme By Kalpana Rashiwala [SINGAPORE] The government has cut the release of land for private homes and executive condos this year by more than 30 per cent
    Photo: RICHARD CHNG  -  1,419 words
  • Article
    Lock icon PTC rejects fare hikes for all except feeder buses
    501 1  -  SBS, Tibs to be allowed 10-cent rise; higher rebates for transfer to trunk services By Christopher Tan [SINGAPORE] The Public Transport Council (PTC) has rejected all but one proposal for fare adjustment that for feeder bus services. The two public bus
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  • Article
    Lock icon Mahathir lakes over finance portfolio
    596 1  -  D&im also to give up Supreme Council seat, having quit as Umno treasurer Prom Eddie Toh in Kuala Lumpur MALAYSIA'S indefatigable Prime Minister Mahathir Mohamad has taken over the helm of the powerful Finance Ministry following the resignation of his long-time economic adviser Daim Zainuddin
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      77 1 DBgPE Motoring Cycle Carriage brushes up its brand name. Pmgm 24 Top Stories US-China m MM ties will blow hot and cold, says Conference Board CEO. Nmxt Page Sing Tel shares rally to a two-month high. Pg4 Keppel Cap not in the running for HKCB Bank. Pg 7 China Club
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      9 1 EXECUTIVE MONEY Revamp in S'pore's insurance industry Back Page
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      86 1 \jkf Banking crisis threat may derail Koizumi's plans 'Page 14 IE mm 8 .ifej %*3K' A* Fl AygmCi m«fa S Ikto fl B? slif BHHfIMk bIA SBHii m 7 i ■■BP •JB V Hie TAG McLaren loudspeaker uses Composite Technology, pioneered by McLaren in Fl. Formula One technology truly applied!"
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      21 1 Lawyers give up licences to form multi-disciplinary venture Page 8 KL market takes Daim 's exit in its stride, Pg 11
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  • NEXT page
    • Article
      Lock icon Reserve List feature lauded for offering flexibility
      530 2  -  While it may not be tapped immediately, analysts believe it will have nsefol role when sentiment turns Ky Vince Chong [SINGAPORE] The government's introduction of a reserve land sale list was lauded for its flexibility to both the government and the private sector.
      530 words
    • Article, Illustration
      Lock icon US-China ties will blow hot and cold, says expert
      752 2  -  exclusive There'll be discord on geopolitical issues and harmony on' economic issues Hep(/rts by Anna Teo (SINGAPORE] US-China rela tions will likely warm on the economic front but "with friction along the way" on geopolitical issues, says the president and chief
      FILE PHOTO  -  752 words
    • ON THE grapevine
      • Article
        Lock icon LUV-ly advice
        98 2 IT'S by now common news that advisers at the Government of Singapore Investment Corp had offered Senior Minister Lee Kuan Yew three scenarios on the prospects for the world economy. Some forecast a protracted L-shaped economic recovery while others argued that a sharp V-shaped rebound will take place
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      • Article
        Lock icon Face value
        84 2 SOME banks, it seems, have many faces. Two readers, miffed by their banks, said first they received mail from their banks addressing them as Dear Valued Customer because the banks wanted to sell them a product. Subsequently, one got a terse letter which set out the terms and
        84 words
      • Article
        Lock icon Of better stock
        80 2 INDONESIA was among the world's top performing stock markets last month despite the political uncertainties in the country. According to markets index provider FTSE, Indonesia was the second-best performer after Columbia in US dollar terms with a rise of 20 per cent. It took third place in
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    • Article
      Lock icon New York's Conference Board goes global
      390 2 [SINGAPORE] Well-known for its US economic indicators that have assumed official status, the New Yorkbased Conference Board is out to make itself into a global organisation. With the appointment of British Airways' Lord Marshall, the 85-year-old private business organisation now has a leading British
      390 words
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      162 2 w 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! celestial breakfast at Jade Jade
      162 words
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      84 3 J" w Warburg I ÜBS Warburg is a business group of ÜBS AG. In the US, securities underwriting, trading and brokerage activities, and M&A advisory activities are conducted by ÜBS Warburg LLC, a wholly owned subsidiary of ÜBS AG, a registered broker-dealer, and member ot the New York Stock Exchange
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      75 4 yv The Royal Bank 3bdC Scotland pic SINGAPORE BRANCH L r -"tf§9SL-« "-'Yf '5 y V -?fJ vir r* :n?3g3Bs THE KEY TO YOUR UK PROPERTY FINANCE Highly competitive interest rate Fast and convenient service Flexible loan package Pre-purchase approval No pre-payment penalties For further information, please contact either Eileen
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      186 4 Integrated Solutions for Total Enterprise Automation A full value-packed programme comprising a cluster of three The 7th International showcases that will present you Industrial Automation with Exhibition A solutions demonstration on the complete integration of manufacturing, process and control automation, logistics and distribution. Total Vs. A platform for manufacturers JsJEfltßtpriSC
      186 words
  • SINGAPORE companies
    • Article
      Lock icon Raffles Holdings sews up Swissotel purchase
      238 4 RAFFLES Holdings has completed its acquisition of Swissotel Holdings, which owns and operates Swissotel Hotel and Resorts. In an announcement yesterday, Raffles said it has completed the purchase of the entire issued share capital of Swissotel from the SAirGroup for 410 million Swiss francs
      238 words
    • Article, Illustration
      Lock icon SingTel shares rally to a two-month high
      541 4  -  European funds said to be buying on telco's higher weighting in FT index By' Teh Hooi Ling SHARES of Singapore Telecommunications rallied to a two-month high yesterday, fuelled by various theories, including a higher weighting for the telco in the Financial Times International
      FILE PHOTO  -  541 words
    • Article
      Lock icon Yuanta remains most active Thai broker
      274 4  -  By\ Serena Ng DESPITE a week-long suspension from trading activity, Thai brokerage Yuanta Securities in which Singapore-listed Kim Eng is buying a majority stake remained Thailand's most active broker in May. Monthly turnover figures released yesterday by the Stock Exchange of Thailand (SET) show
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    • Article
      Lock icon Signs augur well for nascent S$ bond market
      638 4  -  mm lock siew angela tan THE fledgling Singapore dollar bond market has grown significantly over the past years largely due to efforts by the Monetary Authority of Singapore (MAS). After the Asian crisis of 1997-98, the central bank has taken steps to
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    • COMPANY Briefs
      • Article
        Lock icon Colorland's IPO 61.6 times subscribed
        100 7 Reuters HONG KONG-based Colorland Animation said yesterday its Singapore initial public offering of 1.5 million shares was 61.6 times subscribed. Besides the offer shares, the company placed out 18.5 million shares at 20 cents each for a listing on the Singapore Exchange main board. The
        Reuters  -  100 words
      • Article
        Lock icon ST Engg unit bags 2nd Circle Line deal
        134 7 A VENTURE between France's Alstom Transport and ST Electronics a unit of listed ST Engineering has landed a $233 million contract to supply electrical and mechanical rail systems for Stage 2 of the Circle Line. Together with its deal for Stage 1,
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      • Article
        Lock icon ITE gets new substantial shareholder
        35 7 ITE Electric says Seow Cheong Kiong has become a substantial shareholder after buying 5 million shares, translating to a 7.74 per cent holding. Previously, he held no shares in ITE.
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      • Article
        Lock icon Koh Bros lands $179m project
        45 7 KOH Brothers has clinched a $179 million construction project for the Changi Water Reclamation Plant, bringing the company's current order book to $437 million. Koh Brothers started work on the project recently and expects to complete the contract in 2008.
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      • Article
        Lock icon Tuan Sing ups its Grand Hotel stake
        46 7 TUAN Sing's wholly-owned Australian hotel subsidiary Grand Hotel Management bought a further 50,000 shares in Australian-listed Grand Hotel Group from the open market at A 51.14 apiece yesterday. This raises its interest in the group to 25.5 per cent.
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      • Article
        Lock icon Elec, SembLog join DBS-50 Index
        33 7 ELEC Eltek International and SembCorp Logistics will be added to the DBS-50 Index from today, replacing Avimo Group and Pacific Carriers, which are delisting from the Singapore Exchange.
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    • Article
      Lock icon Keppel Cap not in the running for HKCB Bank
      402 7  -  S'pore bank declines comment but sources say it's not a bidder despite press reports Front< Quak Hiang Whai in Hang Kong KEPPEL Capital Holdings is not in the running for a major stake in Hong Kong-listed HKCB Bank Holdings, contrary to
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    • Article
      Lock icon Sharp drop in SIA load factors
      260 7  -  By i Conrad Raj THE global economic downturn continues to clip the wings of Singapore Airlines though the latter is still flying profitably. The national carrier has reported a sharp decline in year-on-year load factors for April. The overall load factor fell 3.8 percentage
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      217 5 5 .Xfiaßri-" «'\"S?SI^L. ,'v- *m St M' £> f i f' y& I 'v •.4;' ;jf l|^HK jg* -v' > JV <0 *tß*" iMw" W'- N 4is JF t f > SffiSS P* Jr 4^'^ys* >. j&sk' (Actual size) There's something different about our Business Solutions Advisers. We're the first
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      604 6 Stocks Volume Tianjin Zhong 67,035,000 UniFood HK25c 63,110,000 People s Food HGK 50c 54,338,000 SingTel 15c 35,794,000 TPV USlC 34,694,000 ISoftel 5c 29,519,000 Surface MT HK20c 21,080,000 North 22 USlc 20,887,000 lankom US2c 20,523,000 Pac Andes US20c 19,580,000 Slocks Tianjin Zhong 118,177,821 SingTel 15c 67,374,890 People's Food HGK 50c 39,509,015
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    • Article, Illustration
      Lock icon SingTel's surge props up STI as China play cools off
      630 6  -  1-11 comment STOCKS r. sivanithy SINGAPORE Telecoms continued rehabilitation and a frenzied play on China-linked counters that vaporised as the day wore on were the main talking points in an otherwise drab session marked by a lack of direction from
      630 words
    • Article, Illustration
      Lock icon Euro still fragile, regionals enjoy indirect reprieve
      574 6  -  I=ll comment CURRENCIES Key supports barely holding, bat Japanese yen shows sips of weakness larry wee THE attention of financial markets remained focused on the fragile euro during the past week, while an assurance from Federal Reserve chief Alan Greenspan that US inflation
      Source: Reuters  -  574 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3254 6 UNIT TRUSTS FUNDS Obwdwn Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.765 0 804 Global Technology Fd!** 0.687 0.722 UK Blue Chip Fd!** 0.783 0.823 American Opport Fd 0.865 0.909 Cont Euro Eqty Fd!** 1.047 1 100 Japan Eqty Fd!** 1 248 1.312 Asian Fixed Income Fd 1.110
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      141 7 EDUCATION/ TRAINING The Straits Times Classified. Classifications 703 794. CATS. Buy It. Sd It. Fkid h. This announcement appears as a matter of record only JUNE 2001 Colorland Animation Colorland Animation Ltd. (Incorporated in Bermuda on 10 August 2000) Invitation in respect of 20,000,000 New Shares with par value of
      141 words
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      Lock icon Page 7 Advertisements Column 2
      1382 7 > Merrill Lvnch International Co. C.V. To: All holders of Call Warrants issued by Merrill Lynch International Co. C.V. relating to the ordinary shares of Pacific Century Regional Developments Limited Dear Sir Madam, EXPIRY OF WARRANTS The rights comprised in the Call Warrants (the "Warrants"), relating to the ordinary shares
      1,382 words
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  • SINGAPORE news
    • Article
      Lock icon Lawyers give up licences for IP joint venture
      415 8  -  Ella Cheong, Gladys Mirandah partner top Australian firm to offer extensive IP services By Conrad Raj RATHER than wait for the laws to be changed to allow for multi-disciplinary practices, lawyers Ella Cheong and Gladys Mirandah have decided to give up their
      415 words
    • Article, Illustration
      Lock icon More employers default on CPF payments
      240 8  -  I=ti4 on the economy cpf defaults By] Eugene Low THE slowdown in economic growth is hitting more businesses here, with more employers defaulting on Central Provident Fund (CPF) payments for their staff. The default rate climbed from 0.69 per cent in the closing quarter
      Source: CPF Board  -  240 words
    • Article, Illustration
      Lock icon China Club Singapore attracts 600 members in three weeks
      353 8  -  Vince Chong CHINA Club Singapore the third in the "series" after Beijing and Hong Kong has officially opened, and 600 members have signed up in three weeks. Club founder David Tang said he hopes to bring his exclusive town club brand
      ARTHUR LEE  -  353 words
    • Article
      Lock icon Science Hub development to get a big hand
      297 8  -  Lim Swee Say chairs steering committee with advice from industry experts By] Melissa Sim THE Science Hub Singapore's self-contained focal point for research and development will receive input and direction from high-pow-ered members of the Steering Committee and Resource and Advisory Panel
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    • Article
      Lock icon MAS sends directive on computing home loan financing
      371 9  -  Discounts mast be deducted from nominal price before deriving 80% loan limit, it tells banks By\ Serena Ng THE Monetary Authority of Singapore (MAS) yesterday sent financial institutions a directive reminding them that discounts and rebates on properties must be deducted from
      371 words
    • Article
      Lock icon RTC case: no $1m lawyer fee
      117 9  -  MAILI.TT? Engelin Teh Senior counsel Engelin Teh Partners I REFER to your article "Member issues demand letters" (BT, May 31). You reported me as saying that I will represent Raffles Town Club (RTC) member Lim Khoon or Commercial Solutions Consultants, one of the parties
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    • Article
      Lock icon Singapore's growth could slow to 3.5%: economists
      173 9 AP [SINGAPORE] Singapore's economic growth is expected to slow to 3.5 per cent this year from 9.9 per cent in 2000. according to economists polled by the Monetary Authority of Singapore (MAS). The drop is expected due to the sharp downturn in global
      AP  -  173 words
    • Article
      Lock icon 1st qtr RPS applications plunge 33%
      311 9  -  Year-on-ye&r figure drops to 1,804 from 2,687 previously By Eugene Low THE number of applications the Central Provident Fund Board received under its residential properties scheme (RPS) plunged 33 per cent year-on-year in the first quarter. According to its latest quarterly statistics, the board
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      125 8 NIKKEI Over three million readers a day can't be wrong EgH pE NIKKEI NET INTERACTIVE Hp Round-the-clock business news, personalized stock tracking, 20-minute pESL_=j j j delayed market data, company profiles and in-depth news features http://www.nni.nikkei.co.jp nip: v <. M V* .•> v: -*V v-4 v a V* '< -s>
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      5 8 Patently in love, Pg 22
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      87 9 rr ~i rC Mlpp J ■jj Modern Peranakan. JP li* Continuing TfTradition BLUE GINGER RESTAURANT *>7 |):i«i'r road, si n«>a poi OXXSIK til: 222 V>2S unit 05-02( I hi' lii ii i 11. 2f»ll on liai d road, siii"aport; 2 lil: >05 V>2.X l or pliast tall 222-"*'>2N Advertiser seeks
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      87 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WALSIN TECHNOLOGY INTERNATIONAL PTE LTD (In Liquidation) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION NOTICE IS HEREBY GIVEN THAT at an Extraordinary General Meeting of Members of the abovenamed company held on 22 May 2001 it was resolved
      87 words
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      763 9 REAP THE REWARDS! With world patents in place, VosTech Limited (Administrators Appointed) acn 009 179 551 is for sale and, is on the brink of realising the rewards from new generation commercial fast food production equipment. Developed in association with leading USA, Japanese and Australian fast food enterprises, this new
      763 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Apathy Party will win in British polls
      854 10  -  iiTT4 bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. THE British Parliamentary General Election was
      854 words
    • Article
      Lock icon IN OTHER WORDS
      98 10 The coincidence in timing is amazing. It's almost like the ghost of Sukarno has come back to say: Hey, you guys, what are you doing?' Daniel Dhakidae a commentator at Kompas magazine, on the impending 100 th birth anniversary of Sukarno, founding president of Indonesia. 'When government
      98 words
    • Article
      Lock icon New direction for ADB
      638 10 EDITORIAL THE Asian Development Bank (ADB) appears not to have noticed the fact that the Bush administration has stepped back from the highly interventionist stance that the Clinton administration took in the affairs of multilateral development banks. The most overt sign that Washington is prepared to
      638 words
    • Article, Illustration
      Lock icon Asia Pacific's changing economic landscape
      1376 10  -  Free trade trend gathers pace; FTAs attract Asian trading giants China and Japan By' Yang Razali Kassim The writer is BT's regional analysis editor THE economic landscape of the Asia Pacific region is changing. The region's major economic powers are quietiy engaged in a new
      REUTERS  -  1,376 words
    • Article
      Lock icon Digging a deeper grave in Argentina
      935 10  -  COMMENTARY The USs3ob bond swap will just worsen things and postpone default By' Tom Vogel The writer is a columnist for Bloomberg News Bloomberg [SAO PAULO] Will anyone stand up and say what the nearly US$3O billion Argentine bond swap really is? Over the
      Bloomberg  -  935 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Defiant Indon security forces stage parade in capital
      754 11  -  Defence minister, army chief may go as president gathers snpport to impose emergency rule From I Shoeb Kagda in Jakarta INDONESIA'S security forces continued to defy president Abdurrahman Wahid yesterday as thousands of police, soldiers and marines staged a show of force
      REUTERS  -  754 words
    • Article
      Lock icon OCBC, 7 banks sue DRB-Hicom unit over guarantees
      233 11 KUALA LUMPUR Reuters MALAYSIA'S DRB-Hicom Bhd said yesterday that eight lenders, including Singapore's OCBC Bank, have filed a legal suit against its unit Gadek (Malaysia) Bhd for allegedly failing to repay a total of RM736 mUlion (*****.8 million). DRB-Hicom, one of Malaysia's
      Reuters  -  233 words
    • Article
      Lock icon Malaysian market takes Daim's exit in its stride
      313 11  -  Limited selling in Umno-linked stocks; MUI among gainers From Diana Oon Abdullah in Kuala Lumpur THE resignation of Finance Minister Daim Zainuddin created only minor ripples in the stock market yesterday, as investors have apparently shrugged off the news. The market edged
      313 words
    • NOTE Book
      • Article
        Lock icon Listen to Chinese protests, MCA told
        72 11 AFP [KUALA LUMPUR] Malaysia's largest Chinese party came under pressure yesterday from a fellow member of the ruling coalition to scrap its controversial takeover of two independent dailies. The Malaysian Chinese Association (MCA) should take heed of protests by the Chinese community over its
        AFP  -  72 words
      • Article
        Lock icon Ex-central bankers under house arrest
        69 11 AFP [JAKARTA] Indonesian prosecutors have moved two former central bank directors to house arrest after three weeks in detention when they were questioned over the alleged misuse of funds, a spokesman said yesterday. Former Bank Indonesia directors Heru Supraptomo and Hendri Budiyanto are among five
        AFP  -  69 words
    • Article, Illustration
      Lock icon Asians deserve recognition for driving New Economy
      531 12  -  INTERNATIONAL MONETARY CONFERENCE Top bankers add they need to adopt new mindset to 'excite' young 'funky' talent with challenges By\ Siow Li Sen [SINGAPORE] Asians have been driving the New Economy and yet their role has been underestimated, financial chiefs said yesterday in
      TAN SUAN ANN/ST  -  531 words
    • Article
      Lock icon HK May property sales fall 20% to HK$14.4b
      218 12 HONG KONG Bloomberg THE value of apartments changing hands in Hong Kong fell by a fifth in May as slowing economic growth kept potential buyers away. The value of property transactions fell 20 per cent from the previous month and 18 per
      Bloomberg  -  218 words
    • Article
      Lock icon Delhi to give up control of Air India after 40% stake sale
      436 12 NEWDELHI To allay concern over govt influence, it will sell another 11% stake to staff Reuters THE Indian government will give up management control of Air India after it sells 40 per cent to a strategic partner. said
      Reuters  -  436 words
    • Article, Illustration
      Lock icon Arroyo's party wins 8 Senate seats
      339 12 MANILA Analysts say President likely to secure Senate majority AFP PHILIPPINE President Gloria Arroyo's party won eight of the 13 seats up for grabs in the country's Senate, final official results of the May 14 elections showed yesterday. The winner's circle also included Luisa
      AFP  -  339 words
    • Article
      Lock icon Thailand may sell US$14b of bad loans to investors
      261 12 Bloomberg [BANGKOK] Thailand said US$l4 billion, or 60 per cent, of the bad loans it will start buying from state and bank asset management companies from next month are suitable for sale to international investors and managers. The government yesterday approved
      Bloomberg  -  261 words
    • ASIA Notes
      • Article
        Lock icon Up to 5% wage hike for HK civil servants
        85 12 Bloomberg [HONG KONG] The Hong Kong government will increase civil servants' pay by as much as 5 per cent this year, the first increase all public employees have received in at least two years. Following a survey of private-employer wages, the
        Bloomberg  -  85 words
      • Article
        Lock icon China confirms war games near Taiwan
        71 12 Reuters [BEIJING] China confirmed yesterday its military forces were conducting war games on an island opposite Taiwan, but said they were routine annual exercises and had no wider significance. Foreign Ministry spokesman Sun Yuxi denied Chinese media reports that the exercises on Dongshan Island
        Reuters  -  71 words
      • Article
        Lock icon Beijing, US to meet again on WTO bid
        48 12 Reuters [SHANGHAI] A vital meeting between top trade officials from Beijing and Washington ended without conclusion yesterday, but China said talks to kick-start its stalled bid to enter the World Trade Organisation (WTO) would go on through the week. Reuters
        Reuters  -  48 words
      • Article
        Lock icon Trading ban on CSFB arm
        58 12 Bloomberg [BOMBAY] India's stock market regulator confirmed an order banning the stockbroking arm of Credit Suisse First Boston (CSFB) from trading local securities, pending an inquiry into alleged share-price manipulation. In an order passed late on Monday, the Securities and Exchange Board of India said
        Bloomberg  -  58 words
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      1323 12 NOTICES To advertise call 1011-free 1800-741 1883 Fax No: 741 1298 NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Sim Siang Choon Ltd will be held at 21 Changi South Avenue 2, Sim Siang Choon Building. Singapore *****0. on 22 June 2001 at 11.00 a.m.
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      484 12 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF CROSS SINGAPORE PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting ot Cross Singapore Pie ltd held on 30* day ot May 2001 the following resolutions were passed SPECIAL RESOLUTION-WINDING-UP RESOLVED That Cross Singapore Pte
      484 words
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  • e-News
    • Article
      Lock icon CyberWorks plans sale of U$2b bonds: report
      447 13  -  HKT to be issue vehicle; funds will refinance loan arising from HKT takeover From* Audrey Tan in Hong Kong RICHARD Li's Pacific Century CyberWorks is planning to sell US$2 billion worth of bonds in a refinancing bid to cut its massive interest costs,
      447 words
    • Article
      Lock icon Windows XP to have instant-messaging feature
      329 13 WASHINGTON Move a challenge to AOL's service, raises antitrust issues NYT MICROSOFT Corp, already in trouble with anti-trust regulators for incorporating an Internet browser into its popular operating system, said yesterday it will build in an instant-messaging feature as well. The software giant said
      NYT  -  329 words
    • Article, Illustration
      Lock icon One.Tel to cease operations, sell assets
      425 13 SYDNEY Bloomberg, AP ONE.TEL Ltd, a mobile phone venture that sucked up Asl.2 billion (Ssl.l billion) in investment from the companies of Rupert Murdoch and Kerry Packer, will cease operations and sell its assets. One.Tel is trying to find companies that will buy its
      Bloomberg,; AP; REUTERS FILE PHOTO  -  425 words
    • Article
      Lock icon EMI to strike deal to allow music downloads to CDs
      337 13 LONDON FT. LATWP EMI is to allow the downloading of its catalogue onto CDs in the first move by a large music group to legitimise the so-called "burning" of copyrighted tracks from the Internet. The UK-based group, whose artists include
      FT.; LATWP  -  337 words
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      793 13 I&gH SINGAPORE ACCOUNTANCY ACADEMY I Training Arm of The Institute of Certified I Public Accountants of Singapore I «i CDAF The Certified Diploma in Accounting and Finance An INTERNATIONALLY RECOGNISED qualification offered by The Association of Chartered Certified Accountants (ACCA). g A Post Graduate Diploma that is designed for those
      793 words
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  • WORLD news
    • Article
      Lock icon US 1st-qtr productivity falls
      434 14 WASHINGTON First slide in 6 years signals winding down of productivity miracle Bloomberg US worker productivity declined from January through March for the first time in six years as economic growth slowed, a revised government report showed yesterday. Labour costs surged. The measure of how much
      Bloomberg  -  434 words
    • Article
      Lock icon Opec keeps output intact; July meet on Iraq stoppage
      221 14 VIENNA Reuters OPEC ministers yesterday said they agreed to keep oil output unchanged, postponing until July 3 a decision on how to compensate for Iraq's stoppage of UN-administered oil sales. Obaid bin Saif Al-Nasseri, oil minister for the United Arab Emirates,
      Reuters  -  221 words
    • Article
      Lock icon Euro hits 6-mth low on EU comments
      424 14 LUXEMBOURG Ministers say region may not escape US-led slowdown Reuters, Bloomberg EUROPEAN Union finance ministers conceded yesterday the region may not escape the worst of a US-led economic slowdown, helping to send the european single currency to fresh six-month lows against the dollar.
      Reuters,; Bloomberg  -  424 words
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      Lock icon Banking crisis threat may derail Koizumi's plans
      770 14  -  Prom i Anthony Rowley in Tokyo JAPANESE Prime Minister Junichiro Koizumi's honeymoon with financial markets appears to be over as the threat of a renewed banking sector crisis has re-emerged on the short-term horizon, while the government continues to focus on longer-term economic
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    • WORLD Watch
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        Lock icon Swissair Group to cut jobs
        36 14 Bloomberg [ZURICH] Swissair Group, Europe's said it plans to eliminate jobs, including management positions, and reduce spending to save about 500 million Swiss francs (Sssos million) in the second half. Bloomberg
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        Lock icon China-Japan trade talks fail
        34 14 AFX-Asia (SHANGHAI] Sino-Japanese trade talks failed on Monday to reach a resolution over a trade dispute regarding Japan's import curbs (Hi some Chinese agricultural goods, a Japanese government official said.
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        Lock icon KDDI in China mobile phone alliance
        38 14 Reuters (TOKYO] Japan's second-largest telecoms firm, KDDI Corp, has agreed to form a comprehensive alliance focused on mobile phones with China Unicom Ltd, a source close to the company said yesterday. Reuters
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      • Article
        Lock icon Bloomberg to run for New York mayor
        44 14 AFP (NEW YORK] US billionaire Michael Bloomberg yesterday officially announced his candidacy to replace Rudolph Giuliani as the mayor of New York City. His announcement in a television commercial broadcast yesterday morning, ended months of speculation. —AFP
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    • Article
      Lock icon Investors go prospecting
      532 16  -  Beaten-down stocks that offer high growth and low valuations the target Fromi Andrew Marks in New York US stock markets have made a strong upward move since the lows of early last month, and the three major benchmark indexes, the Dow Jones Industrials, the S&P 500, and
      532 words
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      Lock icon Australia to go to the polls on Dec 1: minister
      400 16 CANBERRA Meanwhile, survey shows economy starting to recover Bloomberg, AP DEFENCE Minister Peter Reith has revealed Australia's most closely guarded political secret the nation will go to the polls on Dec 1. Mr Reith let slip the date in an
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    • Article
      Lock icon Fed governor Kelley to step down
      310 16 WASHINGTON Reuters FEDERAL Reserve governor Edward Kelley said on Monday he intends to resign the post he has held for 14 years, potentially paving the way for a change in the complexion of the US central bank. Combined with another post opening up in
      Reuters  -  310 words
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      Lock icon Potential picks
      566 16 Companies whose stocks are still trading at 50% or more below their 52-week/aHme highs Choppy weather in near term but long-term forecast is for sunny skies. David Edwards, portfolio manager and president of Heron Capital Management: "ffs one of a handful of companies that is No 1 in
      566 words
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      88 14 Aztech fO Donovan TOTAL POWBI PERFORMANCE h««« www a o o o v a n com NEC YOKOGAWA The companies that know high-tech best run Oracle. www.oracle.com Copyright 2001 Oracle Corporation All right reserved Oracle is a registered trademark, and Software Powers the Internet is a trademark or registered trademark
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      218 16 S N G APORE PRESS HOLDINGS NEWSPAPERS PRESENT Be a winner in 3 fortnightly draws MKR ff' SpendSMminiimininasinglerK^atanyparticipatinqoutMa^ WB& sBH| calf the hotfine on the same day to submit your entry. &a! aHI |fs your chance to win Mitsi&ishi Lancers. a Thomson Home JwJ 1 System and Chan Prottffs' holiday
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      101 17 J9L BlancpaiN SINCE 1735 THERE HAS NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. The Trilogy GMT Watch Inspired by nature's three vital elements, Blancpain has created a new generation of timepieces: the Trilogy. With the GMT, circle the earth with f: j M ""i® SINGAPORE: Cortina
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  • FINANCE & commodities
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      Lock icon STI futures edge up in thin trading
      262 18  -  SGX Derivatives Trading Report ST Ibdeg/MSdS'pore Index Daniel Wong Refco Singapore Pte Ltd SINGAPORE stocks rose yesterday, led by Singapore Telecommunications Ltd. The benchmark Straits Times Index added 8.50 points, or 0.5 per cent, to settle at 1,674.62 points as 23 counters rose,
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      Lock icon Futures firmer, taking the cue from stocks
      243 18  -  MSCI Taiwan Index Daniel Wong Refco Singapore Pte Ltd TAIWAN stocks surged yesterday on government moves that are expected to help spur mergers among lenders. The MSCI Taiwan Stock Index rose 3.39 points, or 1.47 per cent, to end at 233.71. The index
      243 words
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      Lock icon CURRENCY REPORT
      231 18 Reuters London THE euro was mired within half a cent of earlier six-month lows against the US dollar yesterday as dealers questioned the likelihood of official action to prop up the ailing currency. The euro's latest slide which has taken it below levels at which the Group of
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      Lock icon Untitled
      1299 18 Ali-wes Maturities >ayr Short 1-3»rs Long >3yrs IMTBEBAMK CE08S BATES j^ K Ni Uro Fir Dm HH$ tod »s tupnti Yen Won Ml MZS Pafc >s Ptso SS Bawd Sfr NTS Bafct Pond US$ Australia 0.777 4.195 0.599 3.927 1.171 3.942 23.762 56.787 0.604 6.493 1.921 1.234 32.475 25.576 0.916
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      1883 18 SICOM FUTURES 'hm 5 RUBBER (futures closing as it 5.30pm) RSS1 CONTRACTUS cents/kg) Close Volume Open Mowtli HKjh Uw Sett (tonnes) Interest Jirf 01 113.75 250 Aug 01 114.00 250 Sep 01 115.50 250 Oct/Dec 01 117.25 RSS 3 CONTRACT (US ccnts/kq) Volume Open Month Hfcjh Low Sett (tonnes) Interest
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      40 18 IS l IH I N M ROTHSCHILD SONS «rrr 200 yean of banking win rvy \vn Tel: 65-535 9677/65-535 9100 VI Fax: 65-535 8713 r> II n A l*ijt «-> a Email: tieasury€>rothschild.com.sg Call Rothschild Treasury Services today. Website: www.nmrmhschiid com.sg
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  • STOCKS east asia
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      Lock icon HK surges 2% as red chips play catch-up in late trading
      2930 19 BONG KONG Reuters, AFP Hang Seng +244.38 HONG KONG shares staged a dramatic surge in late afternoon trade yesterday, ending almost 2 per cent higher, as investors rotated funds out of H-shares into lagging red chips and blue chips.
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      Lock icon CHINA
      376 19 Reuters CI Shenzhen B Index -3.67 CHINA B shares ended slightly lower yesterday despite further market liberalisation last week, pushing a correction into the third straight day. The Shenzhen B Share Index shed 3.67 points, or 0.97 per cent, to close at 375.20 on little changed turnover of a
      Reuters  -  376 words
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      Lock icon TAIPEI
      386 19 AFP OwPlnfe* +79.95 TAIWAN share prices closed 1.6 per cent higher yesterday to reclaim the psychological 5,000-point level after the finance ministry announced measures to support the market, analysts said. The Weighted Price Index rose 79.95 points to 5,065.06, on a turnover of NT538.54 billion. Gainers led declining issues
      AFP  -  386 words
    • Article
      Lock icon Earnings fears hit Tokyo high-tech shares
      254 19 TOKYO Reuters, AFP £/Nikkei 225 -130.35 TOKYO stocks closed lower yesterday amid steep falls in high-tech issues on earnings worries, but the downside was limited by a late recovery in major bank shares, partly due to quick buy-backs by foreign institutions. The benchmark Nikkei
      Reuters,; AFP  -  254 words
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      1848 19 V«i -><">5 Ven COOO) Advantest Corporation ***** SO 496 Apnomoto Co Inc 1324 -10 1694 Amada Co 666 24 677 ANA 435 16 2143 AoAi 42 -1 907 Asahi Bonk Ltd 286 -7 ***** Asahi Breweries Ltd 1315 2B 1192 Am* Chemical 550 8 2525 Asah. Dfnti Koqvo KK 812
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      42 19 ExEcmivE^fe Someone keen on expanding horizons. Someone who will relish the responsibilities. f Get the edge in hiring /.if- the right one. Jft- f Wn* I A > ■tiwitiw.-iiM in..};. 11 i iI,, W p,j,, BW p WMW TlM'StraitsTiincN Call 1800 741 1883
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  • SGX clob & regional stocks
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      Lock icon CLOB INTERNATIONAL
      2404 20 BONDS WARRANTS >W l— W fcf I *1 MC« tar Mc Mm *0 Laa I <"•••> l» Mfcr Mn M»M> fnn rX| fia,- Lan 37 0.5 s Acma ******4 _0.5 OS I nn i inn «.oi mm 15 2.5 s AIITecft ******? 3 J S"!i 22 31 13.5
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      Lock icon BANGKOK
      738 20 Reuters HSET Index -3*82 THAI stocks ended down 1.22 per cent yesterday. The Stock Exchange of Thailand (SET) Composite Index fell 3.82 points to close at 310.14 points, after hitting the day's low of 308 points. The blue-chip SET 50 slid 0.25 of a point, or 1.18 per cent,
      Reuters  -  738 words
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      Lock icon MANILA
      296 20 AFP ly Composite Index -19.74 PHILIPPINE share prices fell 1.4 per cent yesterday. The Composite Index dropped 19.74 points to 1.392.71. Turnover was 371.9 million shares worth 597 million pesos from 218 million shares worth 2.39 billion pesos on Monday. AFP j«"5 Pew (000) Abacus Construction 0.68 unch 30
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      Lock icon JAKARTA
      782 20 Reuters £2 Compositelndex -0.05 INDONESIA'S continuing political saga weighed heavily on Jakarta stocks yesterday. The Composite Index ended down 0.05 point, or 0.01 per cent, at 396.46 points with turnover estimated at 438 billion rupiah. Losers outnumbered gainers 60 to 47. Yesterday's close was just above the bourse's 100-day
      Reuters  -  782 words
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      Lock icon WELLINGTON
      266 20 Reuters QNZSE-M +4100 THE New Zealand share market rose 2 per cent yesterday on gains in leading stocks Telecom, Fisher Paykel, and Carter Holt Harvey. The NZSE-40 Capital Index finished up 43 points at 2,066 on a solid turnover of NZ$l24 million. Reuters (000) Advantage HDS 0.77 0.02 >05
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      Lock icon SYDNEY
      547 20 AFP All Ordinaries -4JO AUSTRALIAN shares closed 0.1 per cent lower yesterday. The All Ordinaries Index fell 4.8 points to 3,354.5 and the SP/ASX 200 eased 4.5 points to 3,422.2. The All Industrials Index fell 9.6 points to 5,729.1, while the All Resources Index closed 0.1 points lower at
      AFP  -  547 words
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      Lock icon SEOUL
      314 20 AFP CfGunpoote lndex -1335 SEOUL'S Composite Index fell 13.25 points, or 2.2 per cent, to end at 597.66. Volume stood at 357.1 million shares worth 1.8 trillion won. AFP J"5 *h An»m Son 4590 20 Bf *m Tech 650 -15 Central Benfc 170 unch ChMComm ItSSOO 1500 Dae Gu
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  • Article
    Lock icon STOCKS sgx
    8718 21 SGXMAINBOARD g> Of mm Last Vol Day UM Quote On On TM Net Ca Am law CiMp—y Sate «4- CM*) l—> Buyer tdhr Cw Ht hM bin MULTI-INDUSTRY 143 35 AtmaSOc 38 cd *1 969 38 5 37 37 5 38 0 5 19 9 0 7 10
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      32 21 niLs* ,o r a, in Flexible financing. Just the way you want it. Car Financing I Home Financing I Share Financing I Commercial Industrial Financing I Equipment Financing I Factoring I Deposits
      32 words
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      37 21 Head Office Cecil St 880 0688 Email: mktg@sbsl.com.sg Our Branches Ang Mo Kio 458 4222 Beach Road 292 1459 Bedok 445 8011 Bukit Timah 467 1916 East Coast 348 8262 Serangoon 299 8855 SiNfiAPURA BUILDING SOCIETY LTD <
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  • New Asia Biz Woman
    • Article, Illustration
      Lock icon Patently in love
      968 22  -  Ella Cheong a pioneer in intellectual property law shares with corimiie keek her passion for IP work CORINNE KERK SHE is one of the pioneers of intellectual property (IP) law in Hong Kong and Singapore, and a familiar name among international IP lawyers. She speaks fast and
      RICHARD CHNG  -  968 words
  • Page 22 Advertisements
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      266 22 Hi-em Lianhe Zaobao Share market investors NIUSt keep their ears dese te Ihe ground PRIFYSGOL University of Wales OF WALES MBA BSC (Hons) Business Administration u *N'* ■Marketing ft e <S*ZZ>*/ ?:rp,^lfl7' Wtth 24 hr SUPPOrI Exem PfonB of up to 1 year tof Diploma holders PW^* 6^ in Business
      266 words
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      380 22 EDUCATION/TRAINING The Straits Times Classified. cX T i Classifications 703 794. Buy h. s«ii h. fm it Eu Yan Sang UiMZhiQjajljgd Capsules Anaent R eme dy Lingzhi or the Ganoderma Lucidium mushroom, an umbrella-like mushroom fungi, was known to ancient Chinese emperors and nobles as "The Wonder Herb" for its
      380 words
  • Page 22 Miscellaneous
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      278 22 CRYPTO? CROSSWORD —M —HT 21 HrM ACROSS 6 Poignant scene in early film (6. 1 Contrive plan for one chum to 7) embrace another (9) 7 Tintoretto, for example, unable 8 Cultivated Ted's pistachio nuts to see in the shade (8, 5) 03) 9 Hit home where sportsmen 11 Low
      278 words
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  • ARTS festival
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      Lock icon SSO raises the dead with Verdi's Requiem
      584 23  -  Powerful performance included choral groups, soloists, reports PHUA ELAINE PHUA BIG is not always beautiful, but when it comes to performing a work like Verdi's Requiem, big is not only desirable, it is essential. A requiem is basically a Roman Catholic mass for
      584 words
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      Lock icon BT SCORECARD
      232 23 Ultima Vez (dance) Panelists: Ricky Sim. Stephanie Burridge, Cheah Ut-Hoon Scone 1 Snob Apptal Scale from 0 (look out pretentious twats around) 7«3 to 10 (even the culturally averse wiN enjoy it) 2 ThtSnora^lMtr Scale from 0 (try not to drool when you nod off) 7*3 to 10
      232 words
    • Article
      Lock icon What's on tonight
      127 23  -  Compiled by Trina Foo Imagine Forest The Arts Fission Company, with T'ang Quartet, presents a mult idisciplinary piece about the fragile balance between nature and urbanisation. +B.oopm-9.00pm (no intermission) at ARTrium(aMITA. Tickets: $26 Asia-Pacific Dance Bridge Zai Kuning from Singapore, Manop Meejamrat from Thailand and Arifwaran Shaharuddin
      127 words
  • Page 23 Advertisements
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      294 23 Where to wine, dine and entertain../"? @HssSr The perfect time to relax j and unwind Happy Hour at the Garden Terrace poolside bar With our buy-on«-get-one-FREE* special from 5.30pm 7.30pm (Monday Friday), you'll want to raise your glass to our wide selection of concoctions. Better still, bring your colleagues and
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      148 23 Medan Food Festival Participate in the Lucky Draw and win a pair of return air tickets to Medan and stay at EmeraJ Gardenia Hotel International. 'The Food Festival is not applicable on 1 Father. Day (17 June 2001) J .--iVv.* Mondays to Fridays Lunch Buffet: $24.00 (Adult) $12.00 (ChiU) "X
      148 words
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      373 23 Seminar Speakers From [ernst young] [kmv llc] [dp information network] KKK/, How To DIFFERNTTATE The Good From The Bad And The Ugly In Today's Increasingly Uncertain Business Climate Oriental Ballroom I, The Oriental Hotel Level I, Singapore Thursday, 14 June 2001 8:30 am -12 noon Jointly Organised By Seminar Tracks
      373 words
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      9 23 PONT N J ■PVi rf/i I nfl H |l
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      90 23 -TV? M f I JUS.AJLfiL A E. i i f f m j" t 9Ef£;fc?»U&*** A Wuxi I cast A Hangnan Boat Banquet 4 to 12 |une 2001 W<AA. Lunch: 12:00 noon 2:30 pm ■Sag. Dinner: 6:30 pm 10:30 pm CHINESE kstauum Reservations: 831 6262/66 i .HanAarut QQ Suteaparr _j
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  • MOTORING
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      Lock icon Astra likely to renegotiate debt-repayment terms
      419 24  -  At USs69sm and 819 billion rupiah, this forms the bulk of Astra's restructured debt of USsl.osb and 1J trillion rupiah Christopher Tan ASTRA International, the Indonesian conglomerate in which Cycle Carriage Ltd (CCL) has a 30 per cent stake, is likely to renegotiate terms
      419 words
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      Lock icon As CCL says, we're still the one
      539 24  -  Motor group launches ad blitz to highlight its century-old brand name and its synonymity with Merc, reports Christopher tam CHRISTOPHER TAN CYCLE Carriage, which lost part of its Mercedes-Benz business in January, has launched a first-of-its-kind advertising campaign. Not to sell cars, but
      ST: June 1, 2001  -  539 words
    • BUMPER to BUMPER
      • Article
        Lock icon Woo Poh bags $23.4m contract
        74 24 WEE POH Construction Co has landed a $23.4 million contract to build the Tampines Expressway Sengkang East Road Interchange and the TPE/Sengkang Drive Flyover. When completed by third-quarter 2003, the new roads will improve access to Sengkang and Punggol new towns. The project will include
        74 words
      • Article
        Lock icon Sneak preview for BMW7-series
        87 24 BMW recently conducted a show-and-tell programme on the new 7-series limo in Phuket for dealers in the region. Sources said the new car is a marked departure in design from the current flagship. It has more curves and is noticeably bigger, which should go down well
        87 words
      • Article
        Lock icon Goethe gets 750,000 euros from Daimler
        77 24 DAIMLERCHRYSLER has pledged 750,000 euros (SSI.I million) to the Goethe Institute in support of the institute's activities in Asia up to 2003. Nine Goethe Institutes in the region, including that in Singapore, will each receive 60,000 euros during the three-year period, while 14 others
        77 words
      • Article
        Lock icon DaimlerChrysler sets oar safety goal
        128 24 A PROGRAMME to reduce car accidents by at least 50 per cent in the next 15 years. That's DaimlerChrysler's "Accident-Free Driving" research plan highlighted at the recent Global Conference on Transportation and Technological Advancements here. The German manufacturer is working towards this objective with its
        128 words
      • Article
        Lock icon Ford widens Firestone recall to Europe
        179 24  -  Compiledby Christopher Tan FORD MOTOR is widening its controversial recall of Firestone tyres to include models sold in Europe, according to the Financial Times. The US group, which is embroiled in a bitter war of words with Firestone over tyre safety, plans to recall
        179 words
    • Article, Illustration
      Lock icon BMW's hydrogen-fuelled cars may debut in S'pore
      601 24  -  BMW wants to road-test green cars; govt said to be keen on snch projects By] Kannan Chandran [TOKYO] Singaporeans will get a taste of rocket fuel cars as early as next year if a BMW initiative gets the blessing of the authorities. According
      601 words
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  • BT asiaone markets
    • Article
      Lock icon Toy stories, travel tales
      586 25 PORTFOLIO TRACKER Wall Straits.com takes profit from its penny stock portfolio and moves in on two hot new investments PENNY stock investing continues to be one of the most profitable strategies as a bear market bottoms. Our original $100,000 investment has grown to nearly $124,000 in
      586 words
    • Article
      Lock icon How to screen stocks for value
      475 25  -  By" George Lam The writer is a senior consultant with JCF Group (www.jcfgroup, com) INVESTORS look at consensus earnings estimates or forecasts, and analysts' recommendations to get an idea of how the company is expected to perform and to get a feel of the
      475 words
    • Article
      Lock icon Cost efficient TPV winning orders
      605 25 STOCKS potlight It maintains margins even as selling prices fall WE find TPV Technology to be very exceptional, having consistently delivered on above average earnings growth in a clearly mature, competitive and highly saturated market. In such markets, average selling price for products will consistently
      605 words
    • Article, Illustration
      Lock icon Insiders bearish, selling rises
      1288 25  -  PERSONAL INVESTMENT 119MM4 markets Noble continues buyback while shareholders onload Acma, Wizoffice; buy Sing Tel, Inchcape By] Robert Halili The writer is managing director of Score Lab Asia Ltd. He is assisted by Ngia Soon Chai, Singapore News Desk THE Singapore insider sentiment ended in semi-bearish
      Source: Prima ITA  -  1,288 words
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      5 25 WL Wall Straits V com
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      104 25 @Also at asiaonemarkets.com Colorland animation brings Hollywood to Singapore A visit to Asia Travel.com OSIM Int'l: One penny that's still cheap .11 Since 1975 our worldwide staff of over 275 multi-disciplined professionals t f including lawyers chartered accountants V chartered secretaries and bankers have i provided confidential and cost effective
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      38 25 ■I net research www no»ro«?arc f> ava com Prestigious C orporate Gift for SOUND business partners Traditional Swiss of muair box Jobtn Studio Uw N0.23 Aim Song Road (behind Maxwel Market) 1800-800-2337 (loft-free) 11am-spm (Mon-Fn) wwwstudtoine com sg
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  • EXECUTIVE money
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      Lock icon Underwriting change
      1043 26  -  Streamlining and structural changes are in store for Singapore's insurance industry, led by GE Life's bid to retain agents and co-opt independent financial advisers. SERENA NG and GENEVIEVE CUA report SERENA NG, GENEVIEVE CUA GREAT Eastern Life is gearing up to launch a three-tier structure for its distribution
      1,043 words
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      Lock icon Independent is as independent does
      391 26 GREAT Eastern Life's new plan to offer a franchise scheme to its own top agents and other independent financial advisers (IFAs) sounds like a clever way to have your cake and eat it. In one shot, the firm has a fighting chance of keeping its
      391 words
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      Lock icon Cuts in unit trust sales fees spur sales at finatiq, dollarDex
      414 26  -  Upfront charge now at 0.5% after fee cuts, discount vouchers Genevieve Cua NOTHING works like a discount, as recent steep cuts in unit trusts' sales charges show. OCBC's e-bank finatiQ and financial superstore dollarDEX.com report that sales have tripled
      414 words
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      134 27 Reuters The Baltic Dry Index (BDI) fell 10 points to 1,372, the Baltic Panamax Index (BPI) shed 23 points to 1,340, the Baltic Handymax Index (BHI) eased 15 points to 9,330 and the Baltic Capesize Index (BCI) was down seven points to 1,737. TIME-CHARTER: Cos Intrepid (built 2001)
      Reuters  -  134 words
    • Article
      Lock icon MARITIME STOCKS
      308 27 SGX '000 JwiS SS v Vel CWT Distribution 0.61 0.03 10 ChuanHup 0.31 unch 245 Cosco Investment 0.24 -0.03 ***** Freight Links 0.09 unch 675 GB Holdings 0.46 unch 0 IMC Holdtngs-HK 5.60 unch 0 Jaya Holdings 0.16 -0.01 S53 Keppel Corp 3.30 -0.02 597 Keppel FELS 0.99
      308 words
    • Article, Illustration
      Lock icon Good year for shipping, but SSA has some concerns
      561 27  -  Association worries about piracy, stowaways and incidents involving Singapore-flagged ships By\ Donald Urquhart (SINGAPORE) Piracy, stowaways and incidents involving Singaporeflagged ships were among the areas of concern identified in the Singapore Shipping Association's (SSA) latest annual report. The report followed the
      561 words
    • Article, Illustration
      Lock icon Oil spill group to widen membership base
      438 27  -  Ospar to invite Cambodia, Vietnam and Myanmar to join By Beth Jinks [SINGAPORE] Newer members of the Association of South-east Asian Nations (Asean) will be invited to join the Oil Spill Preparedness and Response (Ospar) management committee after it agreed to widen its
      FILE PHOTO  -  438 words
    • Article, Illustration
      Lock icon Kite surfers required to get MPA clearance
      130 27 (SINGAPORE] The latest marine leisure fad kite surfing is about to be brought down by a gust of regulatory wind. As highlighted yesterday by Project Eyeball, enthusiasts stand on surfboards or wakeboards that are pulled along by 11.2 sq m kites. In a
      130 words
    • PORT Shots
      • Article
        Lock icon No evidence of graft: Panama authority
        145 27 [SINGAPORE] Panama's Maritime Authority has absolved itself of all responsibility in the flake mariners' certificates scandal following an internal investigation. An inquiry began after International Transport Workers' Federation general-secretary David Cockroft alleged he had obtained falsified seafarer documentation from the authority for US$4,OOO despite
        145 words
      • Article
        Lock icon Korea aims to be major maritime power
        91 27 [SINGAPORE] South Korea's President Kim Dae Jung has declared that his country should become the world's fifth largest maritime power by 2005 in a speech this week. He aims to increase the number of Korean flagged ships and lift their quality, describing maritime
        91 words
    • MILITARY aircraft
      • Article, Illustration
        Lock icon Airbus nudges governments to adopt commercial approach
        943 28 Airbus Military has the challenge of trying to get countries to act like rational business customers Reuters [TOULOUSE, France] European plane maker Airbus had a bright idea in the mid-1990s to supply transport planes to European defence ministries by dealing with them exactly
        Reuters; AIRBUS MILITARY CO  -  943 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      281 28 PAGE Ahrenkiel 10 Appenship 5 AsiaOCl 9 Assets S Austral 6 Avant 10 B'tang Mas 6 BSA 7 BTL to Bangladesh 9 Balaji 4 Batamindo 11 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 It Central It 6 Chahaya 10 China Shpg 5 Confer 10 Colony Log
      281 words
    • Article
      Lock icon SHIPPING GUIDE
      10635 34 thebusinesstimes EXPORT WEDNESDi ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'ivoire 13/06 18/07 COSCO EMPRESS SEA OTtlW 65 *****00 13/06 22/07 ZIM/Seth CAROLINE SCHULTE 1W 65-*****12 18/06 18/07 MOL P&O NED AMAZONAS 8504A 65-*****86 18/06 22/07 Kien Hung
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        793 37 Vessel Voy No Berth Arrival Departure Jwmq Port Cotaftito 37 J05 05/06/315 06/06/6 00 Bt Anugr ah ***** J01 05/06/8 30 05/06/19 00 Bt Sot Indah ***** JOI 05/06/8:00 05/06/?000 »*go VE55 J15 05/06/910 05/06/2100 Winstar 8 03IS0I J03 0V06/7 25 05/06/15:00 Durham S«r V0604R J15 05/06/9 55
        793 words
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        Lock icon CONTAINER SCHEDULES
        1946 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Period From To From acj UGU oioe mm u 05/1500 05/1400 It 05/1500 05/1654 05/1400 a 05/1700 06/0654 06/0400 a OVT/OO 04/0659 04/0400 3 06/0700 06/1159 06/1400 4 06/1 >00 06/1459 06/1700 Aft SAR004IYI
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        Lock icon GLOBAL HOLIDAYS
        195 37 Jane 12 Philippines: Independence Day Jane 25 Hong Kong: Tuen Ng Festival July 5 Thailand: Asalha Bucha Day July 8 Thailand: Buddhist Lent Day August 1 Switzerland: National Day August 9 Singapore National Day South Africa: National Women's DayAugust 12 Thailand: HM The Queen's Birthday August 15 South
        195 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        741 37 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 mar ket. Prices shown are based on average sized stem Market movements are indi cated. The Cockett Bunker Price Index
        741 words
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        Lock icon VERITAS BUNKER QUALITY REPORT
        571 37 Carbon 180 Mat 964.1 0.5 12.5 0.07 40 0.03 May 24 Density **t(f Residue Ash Aluminium Sediment No Move E2S 0 0 0 0 0 0 380 Ave 985.2 0J 115 0.06 20 0.02 bum 380 Mai 990.6 0.8 16.3 0.08 45 0.04 »WI H v/v
        571 words
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        Lock icon BAA sees profit growth slowing amid disease concern
        638 38 The company hopes the foot-and month disease fear is 'a temporary blip' Bloomberg [LONDON] BAA pic, the No 1 airport operator, said it expects profit growth to slow through the summer because concern about foot-and-mouth disease is discouraging tourists from visiting the
        Bloomberg; FILE PHOTO  -  638 words
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        Lock icon FAA seeks checks of older B737s
        437 38 AP [SEATTLE] More than 1,000 older Boeing 737s should be inspected for potential damage from excessive vibration reported by some carriers in a backup tail control mechanism, the Federal Aviation Administration says. In one case, the vibration caused a piece of the elevator tab
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        Lock icon Controversial airline ticketing website flies
        311 38 AFP [CHICAGO] A controversial new travel website operated by five major US airlines officially took flight Monday, despite criticism from some groups that the service raises antitrust concerns. The Orbitz site founded American, Continental, Delta, Northwest and United will compete with other big travel websites
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        Lock icon Boeing wins US$4b USAF C-130 upgrade
        177 38 Reuters [SEATTLE] Boeing Co said on Monday it had been awarded a US Air Force contract to upgrade cockpit avionics in some 500 C-130 transport airplanes that could be worth as much as US$4 billion. The contract, approved by aeronautical systems officials at Wright
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        161 38 AP [WELLINGTON] Air accident inspectors were yesterday investigating the country's third fatal helicopter accident this year, after three men died in a fiery crash late Sunday, officials said. The victims, including the pilot with 30 years' experience, died after the Bell UHIH Iroquois lost
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        Lock icon A380 may gain from expected Narita crowds
        504 38 Airlines which can't get more access need bigger aircraft Bloomberg [TOKYO] Airbus Industrie's push to sell the 550-seat A3BO aircraft may be helped by increased crowding in Tokyo as rising demand over the next 15 years is expected to outstrip capacity growth at
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1808 38 cm FlICHt n* FLIGHT eto MMMt AM? 30 *50 IK6381 1850 S02 30 *50 kmsttrUm 5023 0635 22» 6*979 0955 ***** 2325 *1837 1455 kMmmtrUo HOI) 0255 *K*M ****** 2045 ****** 2045 S0286 2045 S02B5 2045 I** Of 149 0725 mmgm M/mm U» m/wui 0-55 WIIHIM
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      41 27 Airbus nudges governments to adopt commercial approach Pg2 BAA sees profit growth slowing amid disease concern BackPg w M' ii p^SHßH "■> m *ZT~ m ~M^ j Will 1 «r i mams I >TIHQ3 m n norl I OLltrdlllLll Icru j r
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      16 27 lp Reducing your transit time. http://www.ptp.co in. my General line: 607 504 22 2 2 t
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      1204 28 1 NORTH AMERICA I EXPORT 1 I OTHER DESTINATIONS I SSX-SUPER SHUTTLE EXPRESS-DIRECT TO LONG BEACH 1| WEST COAST OF CENTRAL AMERICA (MARGARITA SERVICE) *hb vot M nosw umgbach dahas houstoh quaco nwtom ■cocoon vtssa I vot IMI I rrjamt acuiitu wwii—m n mmvbtou ooqwwtow i«?i m/m m/m h/m h/m
      1,204 words
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      691 28 Lines services represented by tf.yV*; Members of the Registry of Accredited Shipping Agents, Singapore Shipping Association g ULY UNS MALI wssa r vor Tra Fin [15 P. KLANG SPOCE MUli 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 17/07 ULY MARINE
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      6 28 Members of the Singapore Logistics Association
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      1412 29 TO EUROPE FROM EUROPE Ivissa vor [sin it» m» hm nv mu ibi llvcsa voy I rtm anr ham wtv sou leh sm API SARDONYX 102W 07/06 30/06 27/0* 21/06 25/06 HY ADMKAI 332 C 20/05 17/0$ 11/05 15/05 01/06 MOl MOSEL 540W 08/06 25/06 27/06 30/06 01/07 HYFEDOAL 330E
      1,412 words
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      1752 29 TO ADM T/TtIOMTS 1 JIDDA* J T/T: 12 DATS I v AQABA T/T: 15 DAYS J rnCTAD II MWBuSr'im ITU ffwcqV 2 of^S?» G «/n «°n^V 43 FAX: WJ&l 1 HHHftQ»ICI: PASIRGUDANG TEL 07-353*166 PAX: 07-353*1/0 COSTAR SHIPPING PTI LTD OUTWARD (l/l) 4205*02 *****25/7S PORT RUNG 03-*****633 03-*****66* CR MO:
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      475 29 VESSEL VOY SIM PKG VOY SIN HKG KQ USN PUS INC VOY SIN JtT SUB MKJMtftt IO4S OVO* IS/O* 17/ M lI Alt 20/0* 23/0* ]j% jjj}| HAKUIA MAIU 0151 W/Ot 13/0* IS/0* HYUWMI SPHIHH MS 15J* 17/ M KMTC ULSAN lOCS 1176* 20A*nM HYUNDAI litDOt _03K_ 10/0* J4/0* 11/0*
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      1370 30 SENATOR LINES TO EUROPE TO MKXXJE EAST/IRAN/RED SEA «>T MM» «tV |RX IvtSW TVOY MI(UI OU I MB IW PWIONG SCNAIOt OOIIW OS.OA 72.0* 24.04 75.06 24.04 27.04 2L04 NAM AN 00I4W MM UOA ~iTS rial ltADi HAIXJI 0003W 0104 30 04 01.07 7104 74.04 01 07 KM* 00 SW
      1,370 words
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      1059 30 p AMMAC-NELS S'PIIRF M'felA urT/yrri Carrier: MN CONTft LINES, INC p. gudang:(o7) *****26 [-]V/ V~ J NO HOOS7SOOOQC SIBU: (084) *****9 MANILA (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA: (31) *****11 P- KELANG: (03) *****77 JKT: (21) *****45 KUCHING (082)*****1-3 ADELAIDE FEUXSTOWI/li HAVRE/HAMBURG MV "OOCL ACE" V 017
      1,059 words
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      503 30 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO COLOMBO ft NHAVA SHEVA (CFS MULUNO. MUMBAI) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VtSSHNAHI Ivor STO«|colo«»ojN.y€VAj (ONNKTMG CONNKTNG vsl-iisa va-aaopf lourttus* rpiioi iijun ujun itiui ihoamx n rots zinantww *n» w; Mils Olfi II JUN 73 JUN 27 JUN IMOAMtt N
      503 words
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      1446 31 IVtSStI VOY KHH HKG SIN I PKL DXB BAB OMM OIK 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 2S/06 27/06 29/06 IRAN TEHRAN PCL2I2 19/06 20/06 23/06 24/06 01/07 03/07 05/07 07/07 IRAN TABATABAEI PCL-213 26/06 27/06
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      455 31 a k I Loading for 1 EFESSOS ROM/ATW/BMNAJK I LOK KIRTI RDM/ATW/BMN/UK/LPL I LEADER RDM/ATW/BMNAJK/LPL I Loads Singapore. E-/W Malaysia. Indonesia I Loading for SEA RENOWN DBVABU/DOH/BRN/DMM/KWT PAN EXPRESS HDO/JDH/AQA L DIMITROVA JDH/AQA PAN QUEEN DBI/ABU/DOH/BRN/DMM/KWT PEUNOVO DBI/ABU/DOH/BRN/DMM/KWT EVE RISE GLORY JDH/AQA 'Loads Singapore. E7W. Malaysia. Indonesia I Loadmg for
      455 words
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      1460 31 J ■AMOKOK/MAP TA PNUT/LAEM CNABANO JAKAWTA/PANJANO Vtssct I VOY 1 SIN IWK NIP ICH vtssa VQT SMI JKT 1 PJM NANIAIHUM SSIN 01, 06 13/06 12/06 HARI IHUW 43SS W/06 12/06 KETHA IHUM" 310N 10/06 13/06 14/06 UAOHE" 011 10/06 13/06 14/06 SHIMANAMI SIX 11/06 15/06 IS/06 EARHAROSSAy Ijj 11/06
      1,460 words
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      409 32 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE I VISSIL VOT I SIN Ht"~~| SPI liH ~f fxf~ AND Mcr Q122! liM 26 JUN 28 JUN 04 Jill 06 Jill 07 JUL IPi 0121K liiim Q2JJII 04JUL IOM mui mui 1 MXSQfM QI2SR 26 JUN Ml 11 JUI 17 lUI 19M MM
      409 words
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      722 32 SINGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwesl Centre Singapore *****5 Tel (65> *****73 l ax: (65) *****66 Email: generalCaeeUMn.eculine.net Website: http://www.eculine.net Johore Bahru Office Tel: (07) *****18 ha*: (07) *****62 OFFERING SERVICES TO Belize Guatamala Panama French Guyana Costa Rica Honduras Colombia Guyana El Salvador Nicaragua Ecuador Venezuela Why
      722 words
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      412 32 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTAINER SERVICE VV KG SI HB 1 Itd MB W Ml jw TOTWW hoT 11/o*l2/06 7J/06 J4/06 26/06 f «r IS/OA t»/06 01/07 03/07 06/07 T~ ram/gum "wT »/0026/06 06/07 ooTw 10/07 ii/w «WIVO«t j* >2/0703/0/ <*;w iyo? 17/07 FEEDER SERVICE TO INDONESIA VOT
      412 words
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      428 33 BSA i. l, lTSS'!^^^Br %mm MYANMA pBHk FIVE STAR LINE (Myonmar National Line) Loading for Yongon VESSEL VOY SIN PKI PEN PGU lAGO lIBW 510 MOMG U 45W SLO MALAYSIA AGENTS: 80USTEA0 SHIPPING AGENCIES KUI: TEL 03-*****300 PKL Til 03 *****101 PEN: TEL 04-*****02 PGU: TIL 07-7517J71/4 BANK LINE (A
      428 words
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      423 33 HYUNDAI MERCHANT MARINE CO., LTD. INTRODUCING NEW m jryjTjnTj^^E a I«f V 5 *T- T: \r- 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 contact: TEL: *****32
      423 words
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      1068 33 vOOv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVYUFT SERVICE' Vtssa VOT RAW H»GHT| SW LK* MAO [WA I SAV »Ai I OKF NYC NEW MOO TOU AHII2 400 Tom 6.3 M 09/04 15/07 18/07 20/07 22/07 23/07 25/07 29/07 31/07 TARONGA AH 113 400T«*s 6.3 M 27/04
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      386 35 SASIA EXPRESS LINES 11 11 SINGAPORE AGENT: JARDINE LINER SUPPORT SERVICES vessel voy Singapore nut guoang port kelamc penang manaus GRAOIT 06/01 26/06/2001 27/06/2001 28/06/2001 SU» MPUOMEMT 30/07/2001 GtACHT 07/01 26/07/2001 27/07/2001 2S/07/2001 SUB INDUCEMENT 30/00/2001 GRAQ4T 00/01 26/00/2001 27/00/2001 28 08 7001 HBWWCTMg 30/09/2001 CtAOff 09/01 26/09/2001 27/09/2001 28/M/2001
      386 words
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      153 35 FORTNIGHTLY IREAK-lULK SERVICE TO COLOMIO/MUMIAI SPECIAL RATES FOR STEEL, MACHINERY PROJECT CARGO HV. WINTER I ETA SPORE MUMIAI HEAVY LIFT UPTO OCEAN lt-ot-0l 23-06-0 I 65.000 RGS CARRIER ETA SPORE ETA COIOMIO CHENNAI RIPP IS-06-0I 22-06-01 VIZAQ SAN. M. ETA SPORE CHITTAGONG CALCUTTA IH6OI 10-04-01 23-OA-Ol ALSO ACCEPTING IREAKIULK TO
      153 words
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      191 35 MUR SHIPPING INDIAN OCEAN ISLANDS/SOUTH AFRICA VESSEL TWU KK MIDI TGM SIN K NTS REUNION DIN a K CT murvotoi: B/fc 01/07 04/07 ot/07 i*/o; 74/07 17/07 a/07 30/07 SSC SWPFTOG AGOKIIS PTI LTD. mmSMk *****51/s*o i MM UK: 7mm FAX: 4717*50/1 TUL ***** OPfItATIONS: *****45 BOOMBfTAIKM: *****53 fUJIWSMIBNO TEL
      191 words
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      168 35 «ssa vor Eunu ur w etasw qav KUAiASUKI IIOSS *****1 ~MON IIOSN *****1 TUE KUAUSIAM 1106S *****1 ~WED lIO4N 07 04 01 THU HMUSIAm lIO7S *****1 THU lIO7X *****1 ~j MIAUSIAM I IMS WO4 0I SAT HiT" *****1 "w~ KUAUSIAM I IOtS *****1 SUN MOW 1104 01 MOM kuausiam mos
      168 words
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      262 35 hn ENG LEE SHIPPING CO PTC LTD I W: *****23 (10 UMI| FII: 533M3«/532«*M T CR i* 15R2W900C VESSEL VOT SIN EU SIN (TV DESTINATION U**iSw22 07/01 07/06 08/04 Surobcyc Umor Sw 12 05/01 07/06 09/06 Bomonc Ungul ioyc 08/01 08/06 09/06 PtW/TO 0w Ooyo 07/01 09/06 10/06 Oumo./P Bonj/Buohn
      262 words
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      609 36 I VESSEL VOY SIN MAASIN| TIGER SPEED 897N 0&07-06 12 15/06 19-20/06 I TIGER METRO 898N IMI/06 16-19/0615-18/0 24 25/06 I TIGER RHYTHM 899N 13-14/06 27 28/06 I TIGER BRIDGE 900N 17 18/06 22 25/06 30 01/07 I MILDBURG 08N/01 17 iao6 23 26,-06 01-02/07 I TIGER SPEED 901N 19-20t06
      609 words
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      1217 36 .iPk FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 e *****11 Fax: *****77 E-mail: flesirt@singnet.com.sg DIRECT LCL COWSOIT MANZANILLO API MALAYSIA 006E MALTA VILLE DE CAPELLA 379W ETA SIN: 11/06/01 ETA SIN: 12/06/01 MANE PIO NEDUOYD EVEREST 8002 A VALPARAISO PtO NEOUOYD
      1,217 words
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      1072 36 ■J# LIIiIIO «AW TEL ***** 1333 MX: 02 221-5272 I Mm Qisroma savw; tel 02-221-ssw hi. 02-227-4190 I ri SIHGAPORE: TOWG JOO SHtfflWG PTE ITD M I GINA ***** 06/06 GINA ***** 06/06 G4UAN 2118 07/06 Gill AN 21 IS 07/06 GINSENG ***** 09/06 GISWEE ***** 08/06 GISIANG 2199 14/06
      1,072 words
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      71 36 CONFER (S.E.A.) f&-\ SHIPPING PTE LTD TEL: *****68 FAX: *****45 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG VESSEL SIN CTG A. A VENTURE 15-17 JUN 20-25 JUNE DIRECT FCC/LCUCONVENTtONAL SERVICES TO:>nd«n Sub-Cor»nem Maaas Calcutta Bombay Karachi Colombo Chieagong Tjtcorm Cochin Ear East Ho Chi Mrnh Hachong Hongkong Mama Bangkok Butan FCULCL S«v<cm
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  • Page 37 Miscellaneous
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      124 37 lOS*^-- 11 a 2% J LEGEND: Issued by Meteorological Service Singapore Thunderstorm A Showers S^\ Rain Temperature wind direction and speed in knots Weather w Cloudy Day 'j -i i Sea Conditions Wind speed symbols r- Slight, < 1.2 m (J Full circle w/o line indicates calm or light and
      124 words
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