The Business Times, 14 June 2001

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Microfilm: NL22998
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 SINGAPORE Internet. //b'jsiness-times.asial .com.sg/ THURSDAY, JUNE 14, 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    73 1 □an MMJO (+17.62) □BT-ai HUI (+5.86) ST INDEX PUTTJIES Ijm (+14.00) □sasanmnss 201.70 (+1.10) STOCK MAKKET INDICES Wednesday Change KLSECOMP ___68&72 +6.61 NIKKEI 226 *****46 -16.66 HANO SENG H62tlL_-U7 SET INDEX 324J4__+10.74 JAKARTA COMP 417.06 +0.« MANILA COMP _M«J« ♦21» TAIPEI WPI 6,209.71 -6153 SEOUL POMP 614.06 +490
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  • Article
    Lock icon FINANCE
    79 1 FOBEX BATES uss ss USS (SS per USS) L817 £(L'SS/SSper£) 1178 1508 EURO(U8S<SS/E) 0166 ljtf DM 1286 1158 YEN 1221 6710 HM_ 1800 1092 HK$ 7.7* 4293 4617 2417 RUPIAB ***** 6,180 \S$ to mo imit.x PRIME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.60 MANILA 11
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  • Article
    Lock icon Shares soar as KepCap battle looms
    559 1  -  UOB already in talks; OUB rnmonred to have pot in counter bid By 1 Siow Li Sen, Ven Sreenivasan [SINGAPORE] A bidding war is looming for Keppel Capital Holdings (KCH) following OCBC Bank's general cash offer for the smallest local bank on Tuesday and
    559 words
  • Article, Illustration
    Lock icon Chip equipment makers expect sales upturn in H2
    476 1  -  Industry group says growth next year will be a sluggish 3% Prom Jennifer Lien in Silicon Valley AFTER a steep drop, the semiconductor equipment industry may soon see the light, according to latest forecasts from an industry association. The Semiconductor Equipment and
    Source: Semi  -  476 words
  • Article, Illustration
    Lock icon Market bets on Keppel's next move
    577 1  -  Sale of financial arm conld trigger long overdue shakenp By Angela Tan, Andrea Tan [SINGAPORE] OCBC's move on Keppel Capital has stirred the market's imagination, leaving investors busy guessing parent company Keppel Corporation's next move. The conglomerate, if it accepts OCBC's offer for its
    Source: Bloomberg  -  577 words
  • Article, Illustration
    Lock icon Richard Ellis cuts salaries as profits drop
    365 1  -  f lexclusive Cuts range from 10% to 15%; those getting below $2,000 spared By' Vince Chong [SINGAPORE] Property consultancy CB Richard Ellis (CBRE) will cut staff salaries, signalling that the slump in the property sector is biting hard. It is the second major
    FILE PHOTO  -  365 words
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      60 1 DHBPB Top Stories S'pore must carve niche areas or be left behind: SM Lee. Mmxt Page New Downtown one step closer to reality. Pg7 Hock Lock Slow Richard Li to the rescue once again? *94 Arts Fast Leitmotiv: powerful emotions despite lack of dialogue. Pg 20 Exoc Suite S'pore firms
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      22 1 Political change in East Asia should be gradual: PM Goh Page 12 Alex An: OCBC needs size to expand overseas, Pg 4
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      34 1 Manpower Ministry expects job market to worsen Page 7 ROGER DUBUIS r MuchMo '0 I Yafriro in I I K I(> I I' I I I TECHNOLOGY Kenneth James: Everyone i can be Net-smart
      34 words
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      15 1 Omni shares soar 11.8% on takeover rumours-Page4 Johor Corp defaults on RM55m loan r. 1
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  • NEXT page
    • Article, Illustration
      Lock icon S'pore must carve niche areas or be left behind: SM Lee
      954 2  -  China's tremendons progress could lead to reversal of roles, if Singaporeans are complacent, he warns Reports by Loh Hui Yin in Beijing SINGAPORE will go down the tubes if it fails to carve out niche areas for itself to
      STEPHANIE YEOW ST  -  954 words
    • Article
      Lock icon Jiang's wish for good ties with US a plus: SM
      348 2 It's positive for Asia-Pacific countries; Sino-Singapore relations remain good [BEIJING] Chinese President Jiang Zemin wants good, stable relations with the United States and that is positive for countries in the Asia-Pacific region, said Senior Minister Lee Kuan Yew. "As President
      348 words
    • ON THE grapevine
      • Article
        Lock icon Flying a kite
        153 2 TALK about an unusual chairman's statement. This is from the pen of Tong Kooi Ong, who failed to inject his two Malaysian publications into the small listed Nex News. "I write this year's statement with a heavy heart. With the recent announcement that your company has aborted
        153 words
      • Article
        Lock icon It's a Lee, not Li
        90 2 A GROUP of VIPs viewing the jade exhibits at the Shanghai Museum last Sunday caught the attention of other visitors. A foreign visitor was overheard asking his Shanghainese friend who the group might be. His friend ventured: "I think that's the tycoon Li Ka-shing of
        90 words
      • Article
        Lock icon Flattered
        51 2 WHILE the directors of Keppel Corporation, parent of Keppel Capital Holdings (KCH) are playing hard to get after OCBC Bank's offer to buy the bank. KCH staff are more unequivocal. One employee, when asked about the bid by OCBC and possibly other suitors, said she feels "very loved, very
        51 words
      • Article
        Lock icon Taking the Mickey out
        70 2 NO more Mickey Mouse business for super-investor Warren Buffett. In the first quarter of this year. Mr Buffett's Berkshire Hathaway which started out as a textile mill but is now a huge holding company sold the last of its Disney stock. Mr Buffett also sold Citigroup.
        70 words
      • Article
        Lock icon US bankruptcies on the rise
        49 2 THERE are figures to support Mr Buffett's grim view In the first quarter, bankruptcy filings in the United States rose 17.5 per cent to a record high. This means more bad debts for banks. No wonder Berkshire is reducing its exposure to financial stocks.
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      110 2 GOLF HOUSE PRESENTS THE WIDEST RANGE OF •v Jk Putters wl vi The softest legal face™ in golf [Tour-proven /nsert j fkttponsjrt'fiii) coiKwl /Jy I {Reduce* skidding and bouncing V *aSSSST T» aKr Hi Clone 2001 a W n u*»srx *J/ SfKJ»uarr 1 I s %j u\ r lim^PrnifcT Mil
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      109 3 -v V" ->TV GENEVE your own ■H^ Jt^HKM^ljiflP^^B -~''~%'~^^^SBl^^^^BP^^ii».i»<jM.'iw f JrMKm .J w*r AI I You never fl H actually own a Patek Philippe. jj©p&^ You merely m^l^y look after it for the next generation. World Time by Patek Philippe Cortinawatch SINGAPORE: Cortina Watch Centre Pte Ltd Raffles City #01-36
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Omni shares soar on takeover rumours
      378 4  -  Counter hits 7-mth high of $3.22 on talk that Celestica may announce offer today By\ David Boey TAKEOVER fever gripped the shares of electronics contract manufacturer Omni Industries yesterday, sending them 11.8 per cent higher to a seven-month peak of $3.22 in intraday trade.
      Source: Bloomberg  -  378 words
    • Article, Illustration
      Lock icon Alex Au: OCBC needs size to expand overseas
      353 4  -  OCBC-KEPPEL TAKEOVER But organic growth alone won't bring desired home scale By' Ven Sreenivasan SIZE does matter, and OCBC cannot depend on organic growth alone, the bank's chief executive Alex Au has said in an internal memo. The memo, emailed to all
      FILE PHOTO  -  353 words
    • Article
      Lock icon Qantas, SIA, Brierley to meet Air NZ board today
      129 4 AFX-Asia [SYDNEY] Qantas Airways, Singapore Airlines and Brierley Investments will meet today with a committee of the Air New Zealand board to discuss plans for the trans-Tasman aviation industry, the Australian Financial Review reported without citing sources. The report said the
      AFX-Asia  -  129 words
    • Article
      Lock icon AIB yet to decide on 4 cts a wrt offer
      397 4  -  It will also look at other bids before deciding By Conrad Raj THE Allied Irish Bank, which has an option to take a 24.9 per cent stake in Keppel Capital, has yet to decide whether to accept OCBC Bank's offer
      397 words
    • Article
      Lock icon Richard Li to the rescue once again?
      714 4  -  lock siew sudrey tan WILL investors have an appetite for Pacific Century CyberWorks' fund-raising instruments or will Richard Li have to pump in more of his own money to cut the company's massive debts? By all accounts, the answer seems pretty obvious. Last
      714 words
    • Article
      Lock icon GP Ind earnings drop 61%; turnover rises 33%
      232 4  -  CORPORATE RESULTS Byl David Boey CABLE maker GP Industries Ltd yesterday announced a 61 per cent drop in full-year earnings to 522.3 million and cautioned that the slowdown in the US economy "is expected to affect the performance of some of the
      232 words
    • Article
      Lock icon Giant Wireless profit falls 8% to HK$54m
      215 4  -  By. Andrew Wee HONG KONG-BASED Giant Wireless Technology, an original design and equipment manufacturer for the telecoms industry, yesterday reported an 8 per cent drop in net profit to HK$54 million (5512.6 million). Turnover for the year ended March 31 rose 36 per
      215 words
    • Article, Illustration
      Lock icon China-linked stocks unfazed by crackdown news
      533 5  -  HK-listed China plays spooked by Bering action on illegal trading By Ling Su Ann SINGAPORE-LISTED China plays were unaffected yesterday by news that their Hong Kong counterparts were slipping on renewed fears of a mainland crackdown on illegal trading of Hong Konglisted China plays
      FILE PHOTO  -  533 words
    • Article
      Lock icon Tommie Goh buys 5.9% of Hyflux
      330 5  -  His company, 26 Capital, takes np 10.2 m shares at 55 cents apiece W Teh Hooi Ling FORMER JIT Holdings chairman Tommie Goh and executive director Gay Chee Cheong will soon be invited to join water treatment specialist Hyflux's board. Their company, 2G Capital
      330 words
    • Article
      Lock icon UOL unit to develop Perth apartments
      285 5  -  Front Surinder Singh in Sydney A SUBSIDIARY of Singapore listed United Overseas Land, Success Venture Pty Ltd, has signalled its intention to proceed with a luxury apartment project worth As3o million (5528.7 million) overlooking the Swan River in Perth. Success has exchanged letters of
      285 words
    • Article
      Lock icon CapitaLand to release more Shanghai units
      222 5 CAPITALAND has been busy with its Shanghai residential projects. It said yesterday it has sold 17 of the 55 units it launched at a preview last weekend of its Manhattan Heights luxury condo, priced around 818 renminbi per square foot (Ssl7B psf) on average.
      222 words
    • COMPANY Briefs
      • Article
        Lock icon WBL sees unchanged profit
        75 5 WBL Corp says profit attributable to shareholders for FY2OOI will be about the same as that last year. This comes after CS Flex's decision to abandon the planned purchase of WBL's Multi-Fineline Electronic due to financing problems. In a commentary accompanying its FY2OOO results, WBL had
        75 words
      • Article
        Lock icon 4 Tri-M staff slapped with injunction
        108 5 TRI-M Technologies confirmed that its four new employees who previously worked with rival Flairis Technology have been served with interim injunction orders by their former employers. It said the four—Gan Huan Kee, Chan Tien Seng, Khong Soo Har and Wong Kwok Ping—are involved in
        108 words
      • Article
        Lock icon SlngBus plans $500m note issue
        83 5 SINGAPORE Bus Services is planning to issue a $500 million multi-issuer, Multi-Currency Term Note Programme which will be jointly arranged by Credit Agricole Indosuez Merchant Bank Asia and Deutsche Bank AG. Under the MTN programme, each series or tranche of notes may be issued in
        83 words
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      157 4 KAMBOATtJL <wm No. 1 Scotts Road #05-14/27, Slww Centre, Singapore *****8 _A^Delicious Hong Kong g nSHriSiiS Steamed Prewesla Peking Duck Bamboo Basket Three Treasures Braised Superior Shark's Fin Braised Superior Shark's Fin Pan-Fried "Soon Hock" Fish with with Brown Sauce Home Made Sauce Fried Prawns with Garlic ft Special Pan-Fried
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      126 5 Hp|SKftj9pH {BiiKM^^^^WfßWlMWMliliWPliPfWjPWimlfißlßl^^^^B m/N mmf "u I The champagne you uncork, the jeans you buy, even basic items like salt and pepper shakers every time first time you use the Card, Gold Cardmembers also receive 5000 bonus KrisFlyer miles; Classic you purchase on the American Express Singapore Airlines KrisFlyer Credit Card,
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      338 6 Hodn Volume Keppei Capital 51.049,000 Omni Ind 10c 36.822,000 AEM-Evertech 5c 34,461,000 Kepoel Cap W*****0 28,912,000 Frontline Sc 24,870.000 Tianjin Zhong 19,524,000 PCI 25c 17,849,000 SingTel 15c 17,305,000 KlVentures 10c 15,947,000 OUB 9,704,000 Stock* Keppel Capital 175,281,720 Omni Ind 10c 114,506,940 DBSGrp 96,616,235 OUB.: 73,602,650 OCBC 37,259,300 Chart SemiContJuctof 26c
      338 words
    • Article, Illustration
      Lock icon OCBC bid for Keppel Capital brings market to life
      621 6  -  -J I comment STOCKS r. sivanithy OCBC's takeover bid for Keppel Capital spawned other take-over-related speculation that sent stock prices swinging wildly in volatile and active trading yesterday. Brokers said scores of stories swept the market, creating price movements that had
      621 words
    • Article, Illustration
      Lock icon UOL warrant: the next target?
      184 6  -  WARRANT WATCH By R Sivanithy WHEN the market rallies in high volume, the top percentage gainers' list is usually peppered with warrants. This is to be expected since by virtue of their gearing, warrants typically offer the biggest percentage gains. But it was not so
      184 words
    • Article, Illustration
      Lock icon OUB benefits from focus on banks
      234 6  -  HOT STOCK By Ven Sreenivasan THIS is turning out to be an exciting week for bank stocks. And by most accounts they are set to remain in the limelight for a while following OCBC Bank's surprise $4.8 billion cash offer for Keppel Capital Holdings.
      234 words
    • Article, Illustration
      Lock icon Euro lifted by weaker sterling and yen
      548 6  -  I-id comment CURRENCIES B&ht softer as BOT calls off move for stricter reporting requirements larry wee THANKS to a weaker sterling pound and Japanese yen yesterday, the euro finally re-established itself above 85 US cents which had proven to be an elusive target
      Source: Reuters  -  548 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3142 6 UNIT TRUSTS FUNDS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0 758 0.796 Global Technology Fd!** 0.688 0.723 UK Blue Chip Fd!** 0.755 0.793 American Opport Fd 0.857 0.901 Cont Euro Eqty Fd!** 1.033 1.086 Japan EqtyFd!** 1.194 1.255 Asian Fixed Income Fd 1.113 1.147 Pacific
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Ministry expects job market to worsen
      565 7  -  Slowdown starting to trigger sharp rise in lay-offs and drop in job openings By Chuang Peck Ming THE Ministry of Manpower (MOM) has painted a bleak picture of the job market in the months ahead despite better numbers in the first three months of
      Source: MOM  -  565 words
    • Article, Illustration
      Lock icon Henderson clinches property securities deal
      537 7  -  It will handle 100 m euros Asian portfolio from July 1 By\ Kalpana Rashiwala HENDERSON Global Investors Singapore has just won a mandate to manage a 100 million euros (Sslss million) Asian real estate securities portfolio from MN Services, which manages assets for BPMT, the
      537 words
    • Article, Illustration
      Lock icon Group signs first New Downtown building deal
      327 7  -  By, Andrea Tan AFTER a delay of over three years, the Urban Redevelopment Authority's vision of the New Downtown is finally one step closer to reality. But at a building agreement signing ceremony yesterday for the three consortium members who won the first
      ARTHUR LEE  -  327 words
    • Article
      Lock icon CapitaLand to soft-launch Sunglade condo
      157 7  -  Byy Vince Chong CAPITALAND'S Sunglade condominium at Serangoon will preview this weekend to invited guests and will be officially launched the weekend after, sources say. The 99-year leasehold condo at Serangoon Ave 2 comprises 475 units and will be aimed at upgraders living in nearby
      157 words
    • Article, Illustration
      Lock icon Sakon launches int'l callback service
      294 8  -  Users can save 86% of costs while calling from abroad, it says By' Teh Hooi Ling TELECOMS company Sakon Singapore yesterday launched what it claims to be the region's first international callback service. It is bullish about the service and its chief executive officer S
      RICHARD CHNG  -  294 words
    • Article
      Lock icon Take pride in local IT solutions
      206 8  -  MAlLliTsffl Felix Lee Singapore I REFER to your article "Manufacturing design software catches EDB's eye" by Tang Weng Fai (BT, June 11). It's somewhat sad Singapore seems to pander to the US or EU for IT solutions, having even witnessed the shameful downfall of
      206 words
    • Article, Illustration
      Lock icon Terms of trade continue to worsen
      307 8  -  I lon the economy Imde By Teh Hool Ling SINGAPORE'S terms of trade continued to worsen as import prices outpaced export prices in April. Figures from the Department of Statistics (DOS) show the import price index rose 3.4 per cent to 103.6 that month,
      Source: Dept of  -  307 words
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      195 7 team serve you golf all round. jßHglill^H Meet at Pan-West We serve, and talk to you about golf. Service for us is about iHH caring and understanding you and your needs, as a golfer. i We are the golf specialists not just because we play but because ;<F we learn
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      7 7 SREITb need time to gain recognition, Pg22
      7 words
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      1156 8 A\;dlwiiii]!![:^vP'i'e: C._ "> N,,,,.,!... l 111 < ii111f 111 ini ii i 11 v i N|».i|>i i H 11, Inl, i H, v>1 v.i |i|, II \\h\ I \l)\ I SS —l\i snK HIi.il St imu li I'.u K.i'.'i h,i/ /a, in,/. > I \> I I k I 11
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      1239 8 kin lONICS EMS, INC. (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY OVEN that ihe 2001 Annual General Meeting of lONICS EMS, INC., will be held at the Sta Elena Golf Club at Cabuyao, Loguno, Philippines on Friday, 29 June 2001 at 9:30 a.m.,
      1,239 words
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      41 8 UnJI Flexible lease terms IW] Virtual Office packages ASIA Raffles Place Suntec City BUSINESS CENTRE F^nn Lianhe Zaobao I I An update on I I Singapore I I Furniture I I Industrial I I Park I I Kunshan I I I
      41 words
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      160 9 M oversea-Chinese Banking 1 corporation limited 65 Chulia Street I OCBC Centre Singapore *****3 H i&l OCBC Bank 9 V 14 June 2001 *-ooei Capital Jb rt -ii shares or K^PP^ Dear Shareholder/Warrant Holder. enounced that for the KCH shares i*£»p£Z SSSfSiB Holdings Ltd KCH acqul ring more than WP*
      160 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Corporates should call a spade a spade
      526 10  -  STTT4 bottom line OPINION david pauly Bloomberg YOU may think of International Business Machines Corp as the world's biggest computer company. Not so. IBM, along with what seems like half the US corporate world, describes itself as a provider of solutions. Solids, liquids
      Bloomberg  -  526 words
    • Article
      Lock icon IN OTHER WORDS
      140 10 'If we go to Doha with the same agenda and the same differences as we went to Seattle with, we will have the same result Seattle did not succeed because the differences transatlantic, north and south were too great A lot of people claimed success for our
      140 words
    • Article
      Lock icon Prepare for the hybrids
      643 10 EDITORIAL AS local banks merge or buy new businesses in order to grow, the Singapore Exchange can expect to see the introduction of innovative financing vehicles to pay for these activities. One such instrument is the "hybrid" which has both bond and equity characteristics, a good
      643 words
    • Article, Illustration
      Lock icon Asia needs bold leaders to unite the region
      1406 10  -  An economic, and ultimately, political nnion appears increasingly to be the destiny Fromi Anthony Rowley The author is BT's Tokyo correspondent in Tokyo IT is said that "the times call forth the man" but where is the man who can lead Asia
      FILE PHOTO  -  1,406 words
    • Article
      Lock icon Poor little Burhanuddin
      589 10 Questions are raised abont the logic behind his appointment The Jakarta Post WE mean no disrespect to Burhanuddin Abdullah, but his appointment as the Indonesian government's new economic czar on Tuesday prompted more questions about President Abdurrahman Wahid's intentions or priorities in resolving the country's economic problems.
      The Jakarta Post  -  589 words
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  • MALAYSIA news
    • Article
      Lock icon Johor Corp defaults on RM55m loan
      615 11  -  Move by Johor govt investment arm sparks fears for other state govts' financial health From Eddie Toh in Kuala Lumpur THE Johor government's investment arm, which was probably one of the richest among the dozen state economic development corporations (SEDC) in Malaysia, has defaulted
      615 words
    • Article
      Lock icon M'sia Airports soar on Dutch group's interest
      430 11 KUALA LUMPUR Bloomberg, Reuters MALAYSIA Airports Holdings Bhd posted its biggest one-day gain following a report that the Netherlands' Schiphol Group was negotiating with Kuala Lumpur for a stake in the operator of Malaysia's 37 civilian airports. The shares rose as much as
      Bloomberg,; Reuters  -  430 words
    • Article
      Lock icon KL opens city transportation hub
      183 11 KUALA LUMPUR AFP A RM4 billion (Ssl.9 billion) city transportation hub that will link Kuala Lumpur to the international airport by rail was set to be opened late last night. Deputy Prime Minister Abdullah Ahmad Badawi was due to open the Kuala Lumpur Sentral. situated
      AFP  -  183 words
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      333 11 generatlon businesa The IBM ©server xSerres 220 comes with diagnostic monitoring and affordable technology for small business needs. The IBM (e) server xSeries 220 will grow with you as it grows on you. Designed specially for small businesses, this Linux-ready Intel-based server is scalable and optimized for rapid deployment to
      333 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Sudden political change not for E Asia: PM Goh
      814 12  -  Many nations in region don't have structure to support sudden change Frrjrn Catherine Ong in Washington, DC A SENIOR Clinton administration official told Singapore leaders in 1998 that what Indonesia needed was a "discontinuity" in the way its government was run.
      GEORGE GASCON ST  -  814 words
    • Article
      Lock icon Indonesia will stick to revised Budget: Rizal
      512 12  -  From Shoeb Kagda in Jakarta INDONESIA'S new Finance Minister Rizal Ramli wasted little time in assuring the International Monetary Fund (IMF) and financial markets that he would stick to the revised 2001 fiscal Budget and carry on where he his predecessor has left
      512 words
    • Article
      Lock icon Correction
      49 12 IN yesterday's report "KL tells banks to book rail loans as NPLs", Bloomberg news agency named Standard Chartered Bank as one of the lenders with exposure to Malaysian rail transport companies. The news agency has since issued a correction to say that Standard Chartered is not a creditor.
      49 words
    • NOTE Book
      • Article
        Lock icon Group submits KTM privatisation plan
        85 12 [KUALA LUMPUR] Merak Unggul Sdn Bhd, the consortium leading the proposed privatisation of Malaysia's national railway service provider KTM Bhd, is expected to conduct a presentation to the Privatisation Committee of the Economic Planning Unit (EPU) by the end of June, according to the Malaysian
        85 words
      • Article
        Lock icon No plans to privatise Bernama
        69 12 AFX-Asia [KUALA LUMPUR] Malaysian Deputy Prime Minister Abdullah Ahmad Badawi said the government has no plans to privatise Bernama, but would like to see the news agency attain excellence and maintain its credibility despite not being privatised. "It should not be assumed that privatisation will
        AFX-Asia  -  69 words
      • Article
        Lock icon Anwar threatens to sue prisons chief
        75 12 AP [KUALA LUMPUR] Jailed former deputy premier Anwar Ibrahim will sue Malaysia's prisons chief unless he is allowed to travel overseas for medical treatment within a week, his lawyer said yesterday. Anwar made a formal application to the prisons department to begin preparations for
        AP  -  75 words
      • Article
        Lock icon Thailand scraps proposed forex rules
        79 12 Reuters [BANGKOK] The Bank of Thailand has issued a circular to commercial banks saying it has decided to scrap a plan to tighten foreign exchange transaction reporting rules for non-residents from July 2. The BOT said in a statement dated June 11 that its decision
        Reuters  -  79 words
      • Article
        Lock icon Ibra to name Bank Central Asia bidders
        61 12 Reuters {JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) said it will announce the names of five short-listed bidders of Bank Central Asia, Indonesia's largest retail bank, tomorrow. Ibra is tasked with raising 27 trillion rupiah (554.3 billion) in revenues this year, mainly from
        Reuters  -  61 words
      • Article
        Lock icon Indon workers protest against new laws
        64 12 AP [JAKARTA] Thousands of workers staged protests in Indonesia's two largest cities of Jakarta and Surabaya yesterday against new labour laws. About 3,000 workers threw rocks at police in Surabaya. There were no immediate reports of injuries and security forces did not respond. However,
        AP  -  64 words
    • Article
      Lock icon World Bank to cut Asian growth outlook
      253 13 BANGKOK Bloomberg THE World Bank said yesterday that it plans to lower its 2001 economic growth forecasts for Asian countries because of a sharper-than-expected slowdown in US and world growth. The bank, which plans to release its next official forecasts in September, had
      Bloomberg  -  253 words
    • Article
      Lock icon China's consumer prices rise 1.7% in May
      558 13 BEIJING Growing domestic demand on higher government spending, rising stock markets cited Bloomberg, Reuters, AFP CHINA'S consumer prices rose at their fastest pace in more than 3'/ 2 years in May as workers and civil servants in the world's most populous country used
      Bloomberg,; Reuters,; AFP  -  558 words
    • Article
      Lock icon Indian firm to give shares to stem staff drain
      412 13 BOMBAY Bloomberg HINDUSTAN Lever Ltd, India's biggest consumer goods company, plans to give top managers a stock bonus that may amount to a year's pay to counter attempts by rivals to poach the nation's besttrained staff. Taking a lead from software
      Bloomberg  -  412 words
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      1315 12 GPI.NDUSTRiES GP Industries Limited (Incorporated in the Republic of Singapore) Unaudited Results for the Financial Year ended 31 March 2001 The Board of Directors of GP Industries Limited is pleased to announce an extract of the unaudited consolidated results of the Group for the financial year ended 31 March 2001
      1,315 words
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      283 13 K C-\ w /V Just Published Call 735-1848 for the new Tiffany For Business gift catalogue. Inside are classic gift ideas for your clients and colleagues. Tiffany Co. I CTfrCQ.2OOI WING TAI HOLDINGS LIMITED f (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS REDEEMABLE CONVERTIBLE CUMULATIVE PREFERENCE
      283 words
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  • e-NEWS
    • Article
      Lock icon New Net standard for cell phones
      345 14 LONDON GSM Association aims for consistent, high-quality mobile Internet Reuters. Bloomberg THE world's leading mobile phone makers and operators yesterday announced an industry-wide initiative which they say will bring true Internet functionality to next-generation cell phones. The Mobile Services Initiative (M-Services) aims to introduce
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      Lock icon Net-savvy and Net-smart
      723 14  -  I :j I comment TECHNOLOGY Over half the population Is 'Net-illiterate', bat not to worry; technology will everyone Net-smart kenneth james Microsoft chairman Bill Gates talked to reporters recently about the next thing that will "blow people away". He wasn't referring to his company's grand "dot Net"
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    • eBriefs
      • Article
        Lock icon IBM, SAP to broaden partnership
        116 14 NYT [NEW YORK] IBM and SAP, the German business software giant, are planning to broaden substantially their longstanding, if not always smooth, partnership over the next three years. The new links, which were to be made public yesterday at an SAP-sponsored trade show in Orlando,
        NYT  -  116 words
      • Article
        Lock icon Palm mulls unit break-up
        79 14 FT [SAN FRANCISCO] Palm is considering a break-up that would separate its software licensing operations from the manufacturing and distribution of its hand-held devices, the company's CEO said on Tuesday. Such a move could help to ease Wall Street concerns about the company following the disastrous
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      • Article
        Lock icon SAP reduces Lucent to junk bond status
        90 14 AP [NEW YORK] Troubled telecommunications giant Lucent Technologies Inc was handed another setback when Stanooi d Poor's reduced its credit rating to junk bond status. The change, announced on Tuesday, means it will cost Lucent more money to raise cash for future needs.
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      • Article
        Lock icon Texas to restructure Hynix debt
        65 14 Reuters [SEOUL] Texas Instruments has agreed to restructure debt owed by South Korea's cash-strapped Hynix Semiconductor by converting it into global depositary receipts, a source close to the deal said yesterday. Hynix said the company owes Texas Instruments royalty obligations but it refused to confirm
        Reuters  -  65 words
      • Article
        Lock icon CMGI's Q3 loss hits almost US$1b
        84 14 Reuters [BOSTON] Internet holding company CMGI Inc said on Tuesday its fiscal third-quarter net loss more than doubled to nearly US$l billion, as the company vowed to slash its cash burn rate to keep its stable of Web firms and investments afloat. CMGI lowered
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  • FINANCE
    • Article
      Lock icon STI futures up, but volumes low
      274 14  -  SGX Derivatives Trading Report ST Index/MSCI STpore Index Daniel Wong Refco Singapore Pte Ltd SINGAPORE stocks rebounded yesterday, with the takeover bid for Keppel Capital Holdings by the OCBC Bank providing a bullish backdrop. The Straits Times Index climbed 17.62 points, or 1.1 per
      274 words
    • Article
      Lock icon Share slide triggers sell-stops in futures
      238 14  -  MSCI Taiwan Index Wong Ann Chuen Refco Singapore Pte Ltd TAIWAN stocks fell for a second day yesterday, led by Chunghwa Telecom. The MSCI Taiwan Stock Index lost 3.46 points, or 1.42 per cent, to end at 240.90. The index turnover rose to 716.53
      238 words
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      Lock icon CURRENCY REPORT
      239 14 Reuters THE yen fell to three-week lows against the US dollar and the euro yesterday as political pressure grew on the Bank of Japan to ease rates. The yen made its biggest losses against the euro, which was buoyed to one-week highs against the greenback after the European
      Reuters  -  239 words
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      Lock icon Untitled
      1205 14 DITERBAini CROSS RATES Junl3 c$ It imo Or Pa H$ Yw Won Ml Hto S$ *mt Sir WT$ N— USS Australia 0.804 1377 0.616 4.041 1205 4113 24.809 59.200 0.644 6.818 2.004 1250 33.144 27.066 0.956 4.267 0.940 18.130 ***** 0.383 0527 Canada L243 5.442 0.766 5.025 1498 1114 30.846
      1,205 words
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  • WORLD news
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      Lock icon China helping Castro? Bush govt backs claims
      643 15  -  Some observers see allegations as anti-China campaign From Leon Hadar in Washington IN another reflection of the Cold Warlike atmosphere that seems to be dominating the Sino-American relationship these days, the Bush administration is expressing concern over signs that China and Cuba have
      643 words
    • Article
      Lock icon BritTel to sell property for £2.3b
      337 15 LONDON Bloomberg BRITISH Telecommunications agreed to sell real estate to Telereal Holdings for about £2.3 billion (555.7 billion) in cash, helping it cut debt The company is selling about 7,000 properties in the UK, including telephone exchanges and regional offices, said British Telecom spokesman
      Bloomberg  -  337 words
    • Article
      Lock icon Stocks, yen slide on Koizumi warning
      498 16  -  Growing signs of further monetary easing as Bank of Japan Policy Board meets From Anthony Rowley in Tokyo TOKYO stock prices fell to a two-month low yesterday as Prime Minister Junichiro Koizumi warned of more pain to come with the planned restructuring of the
      498 words
    • Article
      Lock icon US retail sales inch up 0.1% in May
      213 16 WASHINGTON AP AFTER shopping up a storm in April, US consumers were more tightfisted in May, boosting sales at the nation's retailers by a tiny 0.1 per cent. The smaller-than-expected increase in retail sales followed a 1.4 per cent jump in April,
      AP  -  213 words
    • Article
      Lock icon Kraft listing suggests revival of interest in IPOs
      515 16 NEW YORK LAT-WP EIGHTEEN months ago, the idea that the maker of Cheez Whiz would be the hottest item on the initial public offering market would have brought a good laugh. Today, it's bringing US$B.7 billion. Philip Morris Cos on Tuesday sold
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    • Article
      Lock icon Wall Stg firms set guidelines to boost research integrity
      657 17 NEW YORK Firms address complaints that securities research is biased, confusing and untrustworthy NYT MOVING to counter the growing belief among investors* that Wall Street research is biased, obfuscating or downright untrustworthy, the nation's largest securities firms on Tuesday released guidelines
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  • Article
    Lock icon COMMODITIES
    1876 15 8IC0M F0TPRB8 Jun 13 RUBBER (Mures doing at at SJOpari RSS1 CONTRACTS ctntaAg) ClOM Vofcaw OpM Month Mffe Low Sett (ta—ii) Hrtorwt Jul 01 110.75 Aug 01 110.50 SmOI 112.00 250 Oct/Dec 01 10.75 RSS 3 C0NT1ACT (UScwtsAflJ VotaM OpM Wont* m> li» Sitt (tw») hrtorost Jul 01 6100
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  • Page 15 Advertisements
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      130 15 OLYMPUS ippjil zoom Digital Compact Camera v 7 4 iSKI I S». OIVAfIPU'.i ■3 i* tm fy±~ new tofe IpA (i /too Introductoty Price -V Fl.B BRIGHT LENS "FREE Two (AMCDIA 32M8 3X optical zoom Smart Media Cards Worth $400 2 5X DIGITAL zoom HIGHLY-REFINED 3.3 MEGAPIXEL CCD 'FREE Advanced
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  • STOCKS asia
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      Lock icon HK flat pending US sales data
      1196 16 HONGKONG Reuters QHaagSeng -137 HONG KONG'S key stock index ended flat yesterday as gains in China's largest mobile operator China Mobile were offset by a fall in banking giant HSBC Holdings. The Hang Seng Index of 33 blue chips fell 3.37 points, or 0.02
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      Lock icon Untitled
      858 16 TAIPEI JMt) T$ COOO) ABIT Computer Corp 35.70 0.70 21 Accton Tech 42.70 -1.30 9 Acer 22-20 -0.30 At, ACER Comm. t Mult! 33.30 1.42 42 Acer Display Tech 35.80 -0.90 15 Acer Sertek 56.50 unch 5 Ambit Microsystems ...185.00 -1.00 5 Arima Computer 29.00 1.74 34 Askey Computer 32.60
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    • Article
      Lock icon Stocks sag after early gains
      1072 16 TOKYO AFP, Reuters □ffiUui22s -IM6 TOKYO shares closed 0.1 per cent lower yesterday as the market lost steam due to a dearth of fresh buying incentives, brokers said. The key Nikkei-225 index fell 16.65 points to end at 12,823.45, extending a 2.92 per cent fall
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      Lock icon KL up amid blue-chip buying
      1133 17 KUALA LUMPUR AFP. AFX-Asia Q Composite Index +5.61 MALAYSIAN shares closed 0.95 per cent higher yesterday on continued buying of indexlinked stocks, dealers said. The Composite Index rose 5.61 points to finish at 598.72. The Second Board Index slipped 0.87 point to 111.29. Volume traded
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      Lock icon Untitled
      2261 17 ■BANGKOK vm -lw>13 But rooo) ABN Amro Asia 27.00 2.00 351 Adkinson Sec 11.50 0.75 3163 Advance Agro PCL 15.75 1.00 1777 AtfvWKK) info 454.00 -2.00 121 Advanced Info Service .454.00 -2.00 121 Asia Credit 8.70 0.40 3336 Ayudhya Inv. Trust 5.70 0.20 1004 Bangchak Petrol 7.80 unch ***** Bangkok
      2,261 words
  • Page 16 Advertisements
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      498 16 ASPIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Aspial Corporation Limited will be held at 55 Übi Avenue 1, #07-11 Übi 55 Building, Singapore *****5 on 29 June 2001 at 9.30
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      122 16 STUDENT AIRFARES SSTBB n h"** Perth fr $540 London frslooo Y) Sydney fr $540 Frankfurt fr $1000 Me,bourne fr $540 Manchester frslooo Brisbane fr $540 Paris frs73o Adelaide fr $540 Other European Points fr $730 (j Los Angeles frslo9o P 53,1 FranC sCO fr SlO9O Vy i f cl/ln <S/
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  • Page 17 Advertisements
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      216 17 Where to wine, dine and entertain..,^ Father's Day 8 9-course Set Menus 8-course set menu for 6 to 7 pax at $398, and 9-course at $498 $698 for 8 to 10 pax. "60 Dishes Deluxe Feast" A U Carte Buffet Lunch Dinner $38.80 (Adult), 40% discount (Child under 1,2 m).
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      11 17 JLit I BM* ll n fw nvvrriiNnii r qpi ccpw BI
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      29 17 With every order fir of a local or M western delight [[(j (Uom $6.9o*++), get to enjoy a sumptuous spread ot salads and dess e lor an additions/ $3£otl^on/y:
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      26 17 Don't depend on pred&mSfNfal K i ne Entertain :s and reach out 30 readers daily. Contact May Chan 740 1134 or Teresa Quak 740 1297 now.
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      95 17 Welcome to the rich heritage of Philippine Cuisine 7 to 17 June 2001 Philippine cuisinc is a blend of culinary culrures. It is indigenous, colonial, foreign and fusion all rolled into one. Our three guest chefs from the acclaimed Century Park Hotel in Manila will introduce you to many interesting
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  • BIZ woman
    • Article
      Lock icon Court gives cover for birth control
      483 18 Ruling may influence decisions by companies and health insurers LAT-WP A US federal judge ruled on Tuesday that a Seattle drugstore chain must include female contraceptives in its health insurance coverage, the first decision of its kind and one that could influence employer-provided benefits
      LAT-WP  -  483 words
    • Article
      Lock icon Aussie women happier than men
      150 18 Xinhua [CANBERRA] Australian women are happier with their lives than men, says a new poll. Women filled five of six top places on the satisfaction ladder, the Eye on Australia report, conducted by Sweeney Researchers and Grey Worldwide, showed. The survey found Australian women aged
      Xinhua  -  150 words
  • Article
    Lock icon SGX clob
    2573 18 BONDS WARRANTS w ■rata Pra*/ Ixprr K U* W tar LaHnto tart Can tar Mk hub C4 fta f JUta M. MhlUk ta Mk|I L«fl 37 0.5 s Acrr.a ******4 ______0.5 0.5 1 41.0 1 300 712 74.00 1 '5 2.5 5 AIITech ******7 3 I 3 J7£
    2,573 words
  • Page 18 Advertisements
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      206 18 [ANT HON YROBBINSI I "Unleash the Power Within" I I 24th 27th August 2001, Singapore Expo, Hall 2 I Anthony to H I the Power I B Within I I be the that Anthony I I this message H fulfillment H H in ASIA. I I I next levell program
      206 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      317 18 CRYPTIC CROSSWORD ACROSS 6 These days one's accommodat--1 Rebel leader engaged in a novel ing over a presentable youth (6) conflict (8) 7 Natural feeling in a way in court 5 Degree to which parasites can (8) show spite (6) 8 The knight's rambling (8) 9 Instruction given following un-
      317 words
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  • Article
    Lock icon STOCKS sgx
    8181 19 SGX MADtBOAEP Gr Or M WK 52-Wk Last Vol Day latt Quote Mr IMv YW MM Can Am Hijfc Loot Coropwy Solo W- am W0i Low >oyor 5o8o> Cw HI J hta MULTI-INDUSTRY 143 35 c Acma 50c 37 unch 193 37 37 37 37.5 0.5 19 9
    8,181 words
  • Page 19 Advertisements
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      58 19 it is iy j "to G i vc' "There is no better feeling than helping someone in need" "It is the responsibility of each and every one of us who have achieved success those less iIITnrUADCDiriICT ft Centre AUDEWARS PI6UET (SINGAPORE) PRIVATE LIMITED tJfcl /ilULlrlAßj r lilt LI 501 Orchard
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  • ARTS festival
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      Lock icon Beyond words
      552 20  -  Leitmotiv draws powerful emotions despite lack of dialogue says tam mwku wimu TAN HWEE HWEE ON the surface. Leitmotiv tells a simple and fairly unoriginal story boy meets girl, they fall in love but war tears them apart and destroys their love and their lives. What makes the
      552 words
    • Article
      Lock icon Labyrinth falls short of new creation promise
      474 20  -  Hy< Cheah Ui-Hoon FOR what it professed to do forge a dialogue between East and West and produce a new creation of tradition in contemporary dance Labyrinth was unfortunately a dilution of both traditional and modern movement which didn't take the audience anywhere
      474 words
  • Page 20 Advertisements
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      157 20 j0 B? 7 BC f/ s In Ml I fT /r 1 I luH I m V. I•>/ A-s ■#V- \jt 1 f flu 1 f Jfi /ot WSM m Vr/ I /H j >4 O W 1 I I O v. (Yv fiw Bv r// x\ TN f V
      157 words
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      1172 20 Since 1975 Our worldwide staff of over I 2;r 5 multi-disciplined professionals t f including lawyers chartered accountants I W Y| j i V chartered secretaries and bankers have J k V provided confidential and cost effective company formation in all the major low I tax areas including Incorporation Foes
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  • PROPERTY
    • Article
      Lock icon The Reserve Lista clever balancing act
      652 21  -  It's a land sales cutback that ensures there is no shortage if market conditions change By Han Huan Mei The writer is Manager, Consultancy and Research, CB Richard Ellis TAKING the cue from the current soft market conditions, the government has reduced residential land
      652 words
    • Article, Illustration
      Lock icon A true gardener's paradise
      722 21  -  GARDENER'S IKTTI By' Thien WE discovered a true gardener's paradise two-and-a-half hours' drive out of Singapore. As we turned off the main road near Alor Gajah, Malacca, into a freshly-gravelled track, stands of rare, exotic Heliconia and Ginger peeping from the foliage-lined driveway provide the first
      PHOTO BY THIEN  -  722 words
    • Article
      Lock icon Sinking funds or just piggy banks?
      1112 21  -  management Is your estate under -collecting funds for its future capital expenditure needs? Hy Jordan Neo The writer is managing director of Knight Frank Estate Management Pte Ltd. He is also a member of the Singapore Institute of Surveyors and Valuers and a Fellow
      1,112 words
  • Page 21 Advertisements
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      19 21 Locate its owner through Classification 821 (Found). Simply call C.A.T.S. at 1800-737-1166 for this free service. Another Classified Service
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      Lock icon Page 21 Advertisements Column 2
      54 21 SUNTEC CITY TOWER 1 Mortgagee Sale Description The high rise office floor benefits from fantastic views of Raffles Place and the sea Strata Area 1,100 sq m (approximately 11,840 sq ft) Tenancies 2 tenancies expiring in 2001 and 2003 Tender Closing Date: 28 June 2001 at 3pm For enquiries, please
      54 words
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      Lock icon Page 21 Advertisements Column 3
      108 21 Househunt, Housing loans and New homes for sale tables have been held over M PLEASURE BOATS/ SEA SPORTS Glide your eyes over here if you love a splashing good time. The Straits Times Classified q\ I A Good Class Bungalow Site f r>L FOR SALE BY TENDER SUBJECT 'PROPERTY Property
      108 words
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      Lock icon Page 21 Advertisements Column 4
      158 21 Best Timing Herdsmann Business Park, Perth Prime Location i___ Tenan^^mj^^^ Leased to listed public company as its Australian and international headquarters 7 5-year lease commencing June 2000 Herdsmann Business Park is pnme Business area, 10 minutes from Perth CBO. Neighbouring tenants include 3M. 3Com. Canon Guaranteed minimum rental increases every
      158 words
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon Sanguine about Shanghai
      569 22  -  Despite the property glut S'pore firms look beyond and focus on the positive in China Reports by Andrea Tan WITH 3,000 property developers vying for market share in Shanghai and thousands of homes and offices sitting empty, why are Singapore firms still ploughing good money there? Figures
      569 words
    • Article
      Lock icon Keppel Land goes on the prowl in China
      426 22 KEPPEL Land is set to expand its operations in China at a time when the Singapore scene is, by contrast, slow moving. With its eye on at least US$6O million from selling 3,200 homes in Shanghai over the next four years and
      426 words
    • Article
      Lock icon SREITs need time to gain recognition
      723 22  -  High office capital values a hurdle for SREITs market Hy\ Kalpana Rashiwala IT could take 10 to 18 months for Singapore Real Estate Investment Trusts (SREITs) to become a recognised form of property ownership here, says Henderson Global Investors chief investment officer for Asia-Pacific
      723 words
  • Page 22 Advertisements
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      97 22 Ih ttcr Sleep Through Science. W 1)1 lllf r i" I M ll' M(f B. >■ 3 J M f, I i, r IX' N I f I !ji.' There is another way ol complementing your lile style. The Simmons Gallery is where you 11 discover our famed Beautyrest and
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      137 23 Reuters The Baltic Dry Index (BDI) rose three points to 1,358, the Baltic Panamax Index (BPI) gained three points to 1,309, the Baltic Handymax Index (BHI) fell 35 points to 9,104 and the Baltic Capesize Index (BCI) was up 10 points to 1,753. TIME-CHARTER: Matilde (built 1997) 160,013
      Reuters  -  137 words
    • Article
      Lock icon MARITIME STOCKS
      288 23 SCX '000 ■fQ s w CWT Distribution 0.59 unch 0 ChuanHup 0.31 unch 239 Cosco Investment 0.22 0.01 1022 Freight Link* 0.09 0.01 361 GB Holdings 0.57 0.02 37 IMC Holdings-HK —5.60 unch 0 Jaya Holdings 0.16 unch 90 Keppel Corp 3.52 0.28 8305 Keppel FELS 1.01 0.05
      288 words
    • Article
      Lock icon S'pore oil tanker explodes and sinks off NW India
      531 23  -  4 erew missing, 38 evacuated from VLCC enroute toUAE By\ Beth Jinks [SINGAPORE] An empty Sin-gapore-flagged and operated oil tanker Heng San sank off the north-west Indian coast yesterday after an explosion on board. Four crew members are missing while 38
      531 words
    • Article, Illustration
      Lock icon HK mid-stream handling fee: call for transparency
      413 23  -  Hong Kong shippers unhappy over payment mechanism By Donald Urquhart [SINGAPORE] Renewed protest threats and calls for transparency are the latest salvos fired in the ongoing dispute over a cargo-handling surcharge imposed by Hong Kong mid-stream container operators. The latest complaint in the
      REUTERS  -  413 words
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      Lock icon John Lu re-elected SNSC chairman
      129 23 [SINGAPORE] The Singapore National Shippers' Council (SNSC) has announced that John Lu (right) has been re-elected for a fifth term as chairman of the council. The announcement was made following the council's 28th Annual General Meeting (AGM) on Tuesday during which the council re-launched its
      129 words
    • PORT Shots
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        Lock icon Aussie customs to X-ray containers
        106 23 [SINGAPORE] Key Australian ports in Melbourne and Sydney will introduce a new container X-ray screening system by 2002. The Australian Customs Service has reportedly spent Asll million (SJ 10.3 million) on two cargo container X-ray machines from Chinese manufacturer Tsinghua Tongfang Nuclear Technology. Designed to
        106 words
      • Article
        Lock icon White List extended
        127 23 (SINGAPORE] A further 23 states have been added to the so-called "White List" of countries assessed to be properly implementing revised rules of the International Maritime Organisation's STCW (Standards on Training, Certification and Watchkeeping) 95 charter. IMO secretary general William O'Neil reported to the 74th session of
        127 words
      • Article
        Lock icon Investment boost for Johor Port logistics
        57 23 [SINGAPORE] Malaysia's Johor Port will spend RMI3 million (556.2 million) on an equipment upgrade for its logistics unit, JPL Logistics, local newspapers report. Currently engaged in extended service discussions with customers in southern Thailand and Indonesia, the port has spent RM4O million since November
        57 words
    • SHIPPING news
      • Article
        Lock icon Harland & Wolff wins appeal, but case to go to Lords
        781 24  - Harland Wolff wins appeal, but case to go to Lords NEWBUXLDS By David Hughes UK shipbuilder Harland and Wolff has won its case in the London Court of Appeal against US firm Global Marine, upholding the original arbitration award in the long-running case between the two. The wrangle centred on
        781 words
      • Article
        Lock icon Royal Caribbean ship to resume sailing
        98 24 Bloomberg [MIAMI] Royal Caribbean Cruises, one of the biggest cruise operators, cancelled a 14 night European trip with its Celebrity Cruises unit because of damage to a ship. Royal Caribbean expects the cruise ship Galaxy to resume sailing on Saturday following repairs to a
        Bloomberg  -  98 words
      • Article, Illustration
        Lock icon Panama fake cert probe 'not over'
        111 24 [LONDON] Panama Maritime Authority administrator Jerry Salazar has contradicted statements made by his deputy Bertilda Garcia last week and insisted its internal investigation into fake seafarers certificates was continuing, Lloyd's List reported. Mr Salazar issued a statement explaining that the authority was investigating alternative
        FILE PHOTO  -  111 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      179 24 PAGE Appwiship 5 Assets S Austral 6 BSA 7 B'tang kits 6 com r CMACGM 3 COSCO 3 Colon* Log 5 CSAV 3 It Central Ei 6 China Shpq S It Cougar 7 S CWT Globe link 7 Oeimas 4 D>ak Lloyd 6 Dongnama 3 ECL 4
      179 words
    • Article
      Lock icon SHIPPING GUIDE
      5643 30 THEBUSINESSTIMES EXPORT THURSDA ETA ETA Advertiser Vessel Voyage Telephone SIM Dwfw N—I Nam* Number Number wmmmmmmmmmmmmmmmmemmmmmmmmmmmmammmmmmmmmm To ABIDJAN (ABJ) 2003 Cot* D'lvoirc 25/06 22/07 Kim Hung HARMONY CONTAINER HRW3S 65-*****33 25/06 21/07 Del mas HYUNDAI FEDERAL 331W 65-*****44 27/06 01/01 COSCO HUMBER BRIDGE 0081W 65-*****00 To ADELAIDE (ADL)
      5,643 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        669 31 Vess«4 Voy No Berth Arrival Departure Jwtmj tat Sot Capricor 68 J12 13/06/5:55 13/06/19 00 Hmgson 601 JM 13/06/7.25 15/06/800 Gl Selatan 7 8 J07 13/06/7:50 14/06/1500 Bt R8 3296 KJ1 J01 13/06/8:20 13/06/15:00 Bt Met JUH-12 J01 13/06/9 30 13/06/8:00 Stem Prom ins JOB 13/06/10:30 M/06/840 Bt
        669 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1940 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booktnq/Bolancc Rstls Ship Voy No Etb/Btr Period From To From achkvm «u nmm u u/noo iv*w u/noo tvnoo u/*59 u/noo a U/1700 wo*» 14/0900 21 U/1700 M/0659 WV090T 1 K/oroo M/IB9 m/moo 4 IVBOO M/MS9 M/1700 An toumau <Mta oam
        1,940 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        196 31 June 28 Hong Kong: Tuen Ng Festival July 5 Thailand: Asalha Bucha Day July Thailand: Buddhist Lent Day August 1 Switzerland: National Day AagutS Singapore: National Day South Africa: National Women's Day August 12 Thailand: HM The Queen's Birthday August 15 South Korea: Liberation Day Switzerland: Assumption Day
        196 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        792 31 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 indicated The Cockett Bunker Price Index change
        792 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        503 31 Carton 180 Mai 993.4 0.5 M.1 0.06 46 0.03 JmT Density Nattr IhMm Ask AtoaMmn SHhMt No *ove £25 1 0 0 0 0 0 380 Aw 985.7 02 13.8 0.06 19 0.02 taZ 380 M« 990.6 0.7 17.5 0.10 45 0.03 tt/MM M/M M/M mi
        503 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Tread cautiously, investors eyeing China airports told
        530 32  -  Safe opportunities are architectural design services, equipment sales: conference speaker By Beth Jinks [SINGAPORE] China's airport count and capacity may be booming but steady air traffic and lucrative privatisation deals may follow more slowly, according to a leading capital market transaction lawyer. Speaking
        FILE PHOTO  -  530 words
      • Article, Illustration
        Lock icon Hat off to Toronto
        53 32 [TORONTO] Dressed in a Royal Canadian Mounted Police costume, Richard Branson tips his hat after landing at Pearson International Airport on his Virgin Atlantic's inaugural flight from London to Toronto. Mr Branson is promoting the airline's daily non-stop scheduled service between Toronto and London which started
        REUTERS  -  53 words
      • Article
        Lock icon Former airline buyer admits stealing US$2.8m
        215 32 He stole electronic parts used to maintain United planes Bloomberg {SAN FRANCISCO] A former mechanic at UAL Corp's United Airlines pleaded guilty to stealing US$2.B million from the second-biggest carrier while buying electronic parts for airline. Richard Darren Harper, 37, faces up to 25
        Bloomberg  -  215 words
      • Article
        Lock icon Small equity stake cannot secure BA-KLM link
        389 32 No link between successful airline alliances and equity stakes: analyst Reuters [LONDON] British Airways is unlikely to secure a permanent relationship with KLM Royal Dutch Airlines if it takes a small stake in that carrier, a strategy that it is said to be
        Reuters  -  389 words
      • Article
        Lock icon BA should vacate Gatwick slots if it seeks tie-ups: easyJet
        235 32 Reuters [LONDON] No-frills airline easy Jet said that British Airways pic should be forced to vacate slots at Britain's second busiest airport, Gatwick, if Europe's largest airline pursued any deeper airline alliances. Responding to confirmation from British Airways and KLM
        Reuters  -  235 words
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        Lock icon Strike lakes heavy toll on S Korean airlines
        156 32 AFP [SEOUL] The strike at two major South Korean airlines is taking a heavy toll on the country's embattled aviation industry as striking pilots and other staff stayed away from work for a second day yesterday. National flag carrier Korean Air Lines
        AFP  -  156 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1802 32 cm man no wan no AMU* WW 1930 8*7382 2055 Wl Ml W Ml Mrti sun m cm m 6837 1455 1431 22S5 V S024 2335 UtW SO347 066 SO 344 22 55 AackUM N***** 2045 *****85 2045 SO 286 2045 S0285 2045 Mnta cn4i 0935
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        Lock icon New rules make it tougher for US rail lines to merge
        441 32 Companies most show increased competition, keep np service standards Reuters [WASHINGTON] US rail regulators on Monday issued new merger rules making it more difficult for North America's remaining major rail lines to merge unless they can show increased competition
        Reuters  -  441 words
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      591 24 NORTH AMERICA GULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) J GULF KARACHI EXPRESS (QKX) VKSa VOT LG» 1""55—1 PtO VKSEI VOT JEA MM MB SM oociktwrunos jsvwi ao/os 17/04 ivo* pcowuotdawa me um~ 00(1 KfT 42W22 06 W 24 W 26 04 MO NEDUOTD MALACCA 18 13/0* 14/0* 14/04 24/0* OOCL
      591 words
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      716 24 S. Lines services represented by Members of tbe Registry of Accredited Shipping Agents, Singapore Shipping Association Members of the Singapore Logistics Association jPj| ULY UNC MALI vissa Tvoy ITS Tn* i P. KLANG STORE MALI Princess Lily VO5Ol 29/06 30/06 07/07 Empress Lily VO6Ol 13/07 14/07 21/07 Princess Lily VO6Ol
      716 words
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      906 25 TO USA (SAX StRVKE) KSSII VOT SIN ETA LAX OAK Mi HOP CHI COt MM ffl NYC flAG n 0281 20/06 05/07 10/07 10/07 10/07 10/07 11/07 10/07 12/07 12/07 API ENGLAND IQ2E 21/04 13/07 11/07 10/07 10/07 10/07 19/07 10/07 20/07 20/07 ftPtAKI 102E 04/07 19/07 24/07 24/07 24/07
      906 words
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      Lock icon Page 25 Advertisements Column 2
      1304 25 TO AMN T/TtIOMTS 1 JEDDAH 1/11 12 DAYS I AQARA T/T:ISDAYS J I LTD =Kr D W: SK fgfsr gjg& CR NO:. .*****0000 M TEL 226 1900 (MAIN) mmmjjfi *****86 *****.9/49 SIhG StSlfftf SISS? I cffSßStt i2olSof/85Q *****23/73 KUANTAN 09-*****98 09-*****98 MMB III0C( /ooIK I4W 19/W 22/04 f* 1-0 l!
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      389 25 IrosEi Ivqyl siw wcg I vdt |sw I hkg Ikl 1 usw I wis I liicl rasa voy s* jkt sub mwmswwß __*os_ iy* Tim HA* \A* V/% 3tvn> WIMC ONI IVW 20/04 72/04 BTCSMWOB ?</04 mm*™™-—— aromas lots 17/04 11/04 iom tw* 74/04 74/04 71/04 oyo; uo H« mitcuuaii
      389 words
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      1354 26 SENATOR LINES TO EUROPE TO MPPII IAST/KAM/HEP SEA VHSH VOT SI ia »1M AMR HAN MV HI VISSH VOT SI tU DM JP najunsmurm oossw is.o* o;o; 0107 05.07 OM7 010; oat* misw it.o* no* 2*o* mm 0117 PWMSaUTOt 001IW I*o* 04.07 o*o7 o*o7 10.07 11.07 12.07 UUMUX 00ISW 210*
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      1065 26 til MAC-NELS S PORE M'SIA Cantor: Mil COUTH LINES, MC p. gudang: (07)*****26 l""jvy V Jcm WO« HOe«7SOeeOE SBU: (084) *****9 MAMLA (632)*****24 PENANG: (04) *****36 BANGKOK: (662) *****57 SURABAYA (31) *****11 P. KELAMQ: (03) *****77 JKT: (21) *****45 KUO6WG (082) *****1-3 ADELAIDE BARCELONA. GENOA MV "MH THAMRIN PBI6OO YMHO37
      1,065 words
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      462 26 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUNO TO: COLOMBO NHAVA SHEVA (CFS MULUND. MUMBAi) AISO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS vKsaw* Ivor Is-pom connktmg Iconwomg vsl-usa va-aiww *«S OIA lIJUN 73 JUN 77 Jim INOANEII DHM JSMSTH *ll» *SS lUZIUM (intss OOIW 75 JUN 30 JUN 04 JUL INOAMtI
      462 words
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      1455 27 IVtSSH. VOY KHH HBCO I SIN PBCI OXB »AI DMM UK 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 01/07 03/07 05/07 07/07 IRAN TAAATABAEI PCL-213 26/06 27/06 30/06 01/07 08/07 09/07 11/07 13/07 IRANKERMAN PCI-214 03/07 04/07 07/07 08/07
      1,455 words
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      380 27 i k EFESSOS RDM/ATW/BMN/UK I LOK KIRTI RDM/ATW/BMN/UK/LPL I LEADER RDM/ATW/BMNAJK/LPL I Loads Singapore. EVW Malaysia. Indonesia I Loading for SEA RENOWN DBVABU/DOH/BHN/DMM/KWT PAN EXPRESS HOO/JOVA/CWDMT/TRP/TAT L CHMITROVA JOH/AQA PAN QUEEN DBVABU/DOVBRN/DMM/KWT Ft LINGVO DBVABU/DOH/BRN/DMM/KWT EVE RISE GLORY JOH/AQA 'Loads Singapore, EVW Malaysia. Indonesia I Loading for I IDEE FIXE
      380 words
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      1342 27 Houmous/ shanghai/I»mi6/ orwmo mngeoh/raf ta pwt/um chaianc vtssn y°r sin mug sha igg tap vkkl vot m I m htf lqi CAWUHUM W044 I I/O* 73/0* ?6 0* W/Ot 02/07 HIIJ 12/jjl 20jL Mi_ »AMA»HUM HOI* 71/0* 07/0/ own Ot/07 01/07 Kltl tHUM 714* ivw 73/8 74/Dt mmwiM won 07/07
      1,342 words
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      1175 28 ElHtOPf/UIC/ SCANDINAVIA export vessel/voyage Iso I now mo wv thp g ihv HUDSSBOOWXMW 17/Ht OVP OMP WB t GROUP »t2R*Q79 iw aw toAB 11/07 mmßQiaKww ?m 11/ M IVP IVP LOMHTYOWMMPI 2&tt M 7 IM7 11/07 ■AST AND WIST MCDfTIMANCAN/MACK SKA Sport VBSa/VOtAGt I SGP IGIO GNA MM I VIC
      1,175 words
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      527 28 Acni ™J/unE SINGAPORE PTE LTD 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65) *****73 Fax: (65) *****66 Email: generaK&ecusin.eculine.net Website: http://www.eculine.net Johore Bahru Office Tel: (07) *****18 Fax: (07) *****62 Direct Service To VANCOUVER/ MONTREAL/ TORONTO (WITH NO WEIGHT CONSTRAINT) Also accepting inland points Calgary/Edmonton/Winniepeg/Regina/Saskatoon/Ottawa/ Quebec City/Halifax/St John,
      527 words
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      546 28 INDONESIA NATIONAL LINE TO AUSTRALIA "H FULL SERVICE *a i*c aw j«i_ jm_ jn_ m_ «a m wnmx m n/Hit/M n/v a/v u/w raWMOMIi ~«r B/MM/M 04/07 M/S7 li/W ij/W T" www "its" H/07C/07 w/» iyw \yv M/jg wwm m_ R/wio/i; »/wn/v n/o? w/i; FEEDER SERVICE TO INDONESIA wt awwii
      546 words
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      393 29 BSfl it. mm. MYANMA wBBk FIVE STAR LINE (MyoMflr Notioaol Line) W Loading for Yaogoi vissa voy sm pu pn pgu IAGO 110W SID MON6 U 45W SID MAUYSIA AGMTV ROUSTIAD SMPPMG AGCNCXS KUL m 03-*****300 PRL Til 03-3176*101 rot Til 04-*****02 PGU; TH 07-*****21/4 BANK LINE (A strvkc of
      393 words
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      1186 29 HYUNDAI MERCHANT MARINE CO., LTD. rasa vot at sou ih mi «t "ham m Ivtssa vot sou Ita rim ~ant~ ~ham~ ~lv~ "8T HY COMMODORE 333W 14/06 02/07 04/07 07/07 05/07 HYOAROH US 11/ OS 26/05 23/ OS 24/05 14/00 Momreaurr ooiw ls/ot 06/07 07/07 01/07 OJ/07 hyimbty 3021 29/05
      1,186 words
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      925 29 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERKA 'CAR RORO HEAVYUFT SERVICE" [VESSEL I VOT I MMP HIICHT SIX IK* I MAO MIA SAV ML Off 1 NT( IWW I 1 IAROMGA AMI 13 4001 MS 6.3 M 27/06 04/08 07/0. 09/0. 11/01 12/01 14/0. 11/01 20/01 J"" 22- '3/07
      925 words
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  • Page 31 Miscellaneous
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      Lock icon Page 31 Miscellaneous Column 1
      130 31 ggjFOR 7 AMI 4 JUN 2001 j> m LEGEND: Issued by Meteorologies! Service Singapore K Thunderstorm A Showers flam temperature Wind direction and speed in knots Cloudy Day Weathe 'j® 2 Sea Conditions Wind speed symbols —j gj (ght <1 2m O Full circle w/o line indicates calm or light
      130 words
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