The Business Times, 4 July 2001

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL23039
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MITA (P) 107/03/2001 I internet: http.//business-times.asial .com.sg/ SINGAPORE WEDNESDAY, JULY 4, 2001 BbC
    16 words
  • Article
    Lock icon Correction
    65 1 In yesterday's front page story, "FTA: US groups pressure for changes to S'pore laws", we reported that the US Coalition of Service Industries wants barriers in insurance services dismantled, such as the maximum foreign ownership limit of 49 per cent. The Monetary Authority of Singapore has pointed out that
    65 words
  • Article
    Lock icon MARKET SUMMARY
    77 1 sn 1,703*27 (-3.35) BT-SRI <5123 (-3.46) ST INDEX FUTURES 1,705 (-4.00) SMSCI FUTURES 207.00 (-0.40) STOCK MARKET INDICES Tuesday Change KLSE COMP 691.18 +4.93 NIKKEI 225 *****-41 +6613 HANG SENG 13,184.75 +142.22 SET INDEX 826.81 +4.36 JAKARTA COMP —.428.66 -2.68 MANILA COMP __1.392.07 -3.72 TAIPEI WPI 4,843.82 43.04
    77 words
  • Article
    Lock icon FINANCE
    84 1 FOREX BATES us$ s$ USS (SS per USS) 1.822 £(l"SS/SS per 1.413 1574 EURO(USS/SS/E) 0.847 1.543 DM 2.308 1.267 YEN 123.9 68.00 RM 3.800 1086 HKS 7.800 4182 BAHT 45.43 24.94 RL'PIAH 11,319 6,214 *S$ to 100 units *S$ to 100 units PRIME KATES SINGAPORE* 5.80 Kl'ALA UIMPUR 7.67
    84 words
  • Article
    Lock icon Accountants question planned audit changes
    1008 1  -  rTiexclusive They highlight danger of andit waiver for folly-owned units By\ Siow Li Sen [SINGAPORE] Accountants are up in arms over some of the proposed changes in accounting rules. In particular, they are miffed by the recommendation to do away with the requirement to audit
    1,008 words
  • Article
    Lock icon OCBC sees post-offer cost cuts of un to $ 100m
    536 1  - OCBC sees post-offer cost cuts of un to 100m The projected savings over 3 years represent up to 11% of OCBC, KCH's combined costs By Angela Tan [SINGAPORE] OCBC Bank expects to cut costs by up to $100 million after its proposed $4.8 billion takeover of Keppel Capital Holdings (KCH).
    536 words
  • Article, Illustration
    Lock icon UOB's bid for OUB close to fair value: DBS
    736 1  -  Statement indicates bidding war is unlikely By£ Siow Li Sen, Conrad Raj [SINGAPORE] DBS Group Holdings reckons UOB's rival offer for Overseas Union Bank is close to fair value suggesting that it may at best match the offer, which would dash
    FILE PHOTO  -  736 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      62 1 «sroE Top Stories Global chip sales down 20% in May. Next Page Creative seen posting loss in fiscal Q4. Pg4 Total issue size of OCBC bonds reaches $3.9b. Pg 4 ST Engg targets $70b market value in 10 years. Pg 5 Cathay Pacific pilots resort to go-slow tactics. Pg 10
      62 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      23 1 Royal Clicks plans to acquire Fi Benjamin Page 4 PMI for electronics output up half a percentage point Page 7 Mutual fund industry
      23 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      159 1 Pilot shouldn't have been kt allowed to fly: "T v plaintiffs' lawyer -f" Shipping Times, Bach Page 4%' ~f 14 w r RAYMOND WEIL GENEVE jgi lI^K J% 9731STS $$4520 'SHb fc 36 diamonds on bezel. diamonds on mother ofpearl dial SL4J iDiamond 7 f 1 1 Gents *****T *****0
      159 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 4
      13 1 Gap between DBS and UOB bids for OUB narrows to 30C, Next Page
      13 words
Page thumbnail Page 2
  • NEXT page
    • Article
      Lock icon Gap between DBS and UOB bids for OUB narrows to 30c
      546 2  -  UOB weighed down by worries of earnings dilation; DBS recovers By] R Sivanithy [SINGAPORE] The original 50-cent difference in value placed on Overseas Union Bank's shares by competing bidders DBS and United Overseas Bank has now narrowed to just
      546 words
    • Article
      Lock icon Global chip sales fall 20% in May to US$12.7b
      459 2  -  But US industry body sticks to forecast of year-end recovery From, Jennifer Lien in Silicon Valley CHIP sales worldwide fell 20 per cent in May to U5512.71 billion. This compares with a year-on-year drop of 10 per cent in April, and
      459 words
    • ON THE grapevine
      • Article
        Lock icon Bigg talk
        131 2 HERE'S what Morgan Stanley's stock market guru Barton Biggs has to say about the outlook for equities in an interview with Barron's in its June 25 issue: "Low nominal GDP growth is going to have a severe effect on profits of Old Economy companies. There will be earnings
        131 words
      • Article
        Lock icon China goes for gold
        155 2 DEMAND for gold jewellery in China continued to rise in the first quarter of the year as economic prosperity made it possible for more mainlanders to deck themselves out in the finer things in life. At 57 tonnes, it was 4 per cent higher than the
        155 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      548 2 HUM Goods Services Tax GST F5 Return Preparation Workshops 2001 Orchard Hotel Singapore, 9.00 am to 5.30pm What In our continuing effort to provide proactive, practical and seamless taxation advice to our clients, the Indirect Tax Practice of KPMG Tax Services will be conducting a series of one-day GST workshops
      548 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      37 2 As a Chinese saying goes: "Much wealth will not come if a little does not go." Reach out to over 700,000 readers for 523 with Lianhe Zaobao Classified. Call 1800-744-7888 to book your advertisement now. :v-'S| rv^
      37 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      97 3 SWISS WATCHMAKERS SINCE 18 6 5 Class r /y //A An .iu ;ikl v\ in i icr si in c I lie \c;u i I u .is < rr;ilrd, I lie I lilc\ c\ I i;i (I. if mr< li;i ni<;i I iiioxrmrnl li.is < <»n Ili hilled lu I
      97 words
Page thumbnail Page 4
  • SINGAPORE companies
    • Article, Illustration
      Lock icon Royal Clicks plans $64m acquisition of FJ Benjamin
      730 4  -  If share-swap deal succeeds, FJB will be delisted from mainboard Reports by\ Ling Su Ann, Rachel Ong SPORTING retailer Royal Clicks plans to acquire FJ Benjamin Holdings (FJB) through a share swap that values the latter at $64 million. Should the deal
      CHRIS LOH  -  730 words
    • Article
      Lock icon FJ Benjamin sells stake in Gucci Australia
      174 4 FJ Benjamin said yesterday it has wound up its Australian retail operations, after recently closing its Hong Kong operations, as part of its disposal of non-core assets to reduce gearing and generate interest savings. FJB has sold its 35 per cent stake in
      174 words
    • Article
      Lock icon Creative seen posting a loss in fiscal 4th quarter
      438 4  -  Analysts' view based on company's latest revenue warning By Serena Ng CREATIVE Technology, which made its First loss in five years in the quarter ended March, might also have incurred a loss in the fourth fiscal quarter ended June, analysts said
      438 words
    • Article
      Lock icon OCBC's third tranche 400m euro bonds bring issue size to $3.9b
      361 4  -  Strong demand prompts bank to raise more capital than its initial target of $3b By\ Serena Ng OCBC Bank yesterday priced the third tranche of its multi-currency bonds in Europe, bringing the total issue size to close to $3.9
      361 words
    • Article
      Lock icon Fischer Tech IPO: public tranche oversubscribed
      197 4 PRECISION plastic components maker Fischer Tech said yesterday the public tranche of its initial public offering was oversubscribed. At the close two days ago, 10,311,000 valid applications amounting to 260,863,000 shares had been received for the two million new shares offered to the public.
      197 words
    • Article
      Lock icon Japan should reconsider break-up of NTT
      827 4  -  lock sievv anthony rowley LIKE the proverbial bull in a china shop, Japanese Prime Minister Junichiro Koizumi's government is rushing to restructure and privatise every public entity in sight. There are no sacred cows among the myriad public agencies, including the Japanese postal services
      827 words
    • Article, Illustration
      Lock icon ST Engg targets $70b market value in 10 years
      588 5  -  New chief says acquisitions will have to augment organic growth Byi David Boey SINGAPORE Technologies Engineering has set its sights on growing its market capitalisation at least 10 times by 2010 and will do so by gaining a bigger market share
      ARTHUR LEE  -  588 words
    • COMPANY Briefs
      • Article
        Lock icon Derivatives trade at record 15m deals
        63 5 THE Singapore Exchange said total trading volume for derivatives hit a record 15.1 million contracts in the first six months of the year. This was 3.3 per cent higher than the previous record of 14.6 million contracts last year. Strong growth was recorded in
        63 words
      • Article
        Lock icon Hochstadt quits Raffles Holdings board
        51 5 HERMAN Hochstadt has stepped down from the board of Raffles Holdings. He is succeeded by Eugene Lai, managing director of the Carlyle Group, a global private equity firm which manages over US$l3 billion of committed capital. Mr Lai was formerly managing director of Salomon Smith
        51 words
      • Article
        Lock icon HTL hopes to cap $500m target by 2005
        95 5 LEATHER maker HTL International aims to boost turnover beyond $500 million by 2005. Group managing director Phua Yong Tat said the company also hopes for a market capitalisation of at least $150 million in the same time frame, riding on a five-year
        95 words
    • Article
      Lock icon SIA May load factor down 4 points at 64.8%
      457 5 Fall due largely to 5.9-point dive in cargo factor Dow Jones Newswires SINGAPORE Airlines continues to feel the pressure from a slowing global economy, showing an extended year-on-yfear decline in its overall load factor in May. Analysts say the national carrier's
      Dow Jones Newswires  -  457 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      364 4 THE 4th ANNUAL CONFERENCE j|' l^|' Fund Management In Singapore The. Next Milestone 12 JULY 2001 ■TH E RITZ CARLTON MILLENIA, SINGAPORE 8.30 9.00 am Registration Chair: 9.00 9.15 am Welcome Address Mr. Dennis Lim Mr. Daniel Chan Rector Chairman Templeton Asset Management Investment Management Association of Singapore Panel: 9.15-10.00
      364 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      33 5 I I Shenzhen to invest I IR f| fl billion I I UUU mminbll Igver 5 years I I the logistics centre I I I I I pHH I pjj>>iii !i>inhi iT»TiiMcn i
      33 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      317 5 ScjS Nanyang Business School Isil Nanyang Technological University Piwi Nanyang-Sloan Executive Summit 2001 The Digital Challenge: Driving Change, Delivering Value The summit aims to equip executives with contemporary thinking and cutting edge ideas to meet the digital challenge. From a practical and result-oriented perspective of "driving change, delivering value", the
      317 words
Page thumbnail Page 6
  • SINGAPORE markets
    • Article, Illustration
      Lock icon Market appears waiting for next move on merger front
      644 6  -  I=ll comment STOCKS r. sivanithy IT was hard going in the local stock market yesterday, with a lack of meaningful retail and institutional interest felt in all sectors. Volume was low and the mood was much more subdued than last week.
      644 words
    • Article, Illustration
      Lock icon US$ faces week of more subdued trading
      630 6  -  I =11 comment CURRENCIES Employment data ahead among factors cited; S$ path hinges on coming Monetary Policy Statement larry wee AFTER attempts to test the 125-yen high at least twice over the last week, the greenback may now face a more subdued week
      Source: Reuters  -  630 words
    • Article, Illustration
      Lock icon Untitled
      562 6 Stocks Volume PKTech 5c 34,555,000 Tianjin Zhong 25,958,000 Willas-Array HK20C 22,584,000 People's Food HGK 50c 20,572,000 PNE Ind 10c 14,081,000 Frontline 5c 10,999,000 Aussino 2.5c 10,755,000 AEM-Evertech 5c 9,426,000 BBR Hldgs 5c 8,647,000 OUB 7,762,000 Stocks OUB 74,695,200 UOB 55,250,575 DBS Grp 28,641,440 Tianjin Zhong 23,362,037 Datacraft 10c 15,728,450 People's
      562 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3028 6 UNIT TRUSTS FUNDS AbwdNn Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.741 0.779 Global Technology Fd!** 0.663 0.697 UK Blue Chip Fd!" 0.755 0.793 American Opport Fd 0.831 0.873 Cont Euro Eqty Fd!** 1.017 1.069 Japan Eqty Fdl** 1.210 1.272 Asian Fixed Income Fd 1.114 1.149 Pacific
    3,028 words
Page thumbnail Page 7
  • SINGAPORE news
    • Article, Illustration
      Lock icon Electronics PMI up marginally
      536 7  -  Manufacturers' mood one of 'extreme caution'; no pickup seen until at least Q4 By* Chuang Peck Ming AFTER a five-month free-fall, the all-important electronics industry saw a glimmer of hope in June. New orders from home customers rose to counter the continuing tumble in exports and
      Source: SIPMM  -  536 words
    • Article, Illustration
      Lock icon May job ad volume sees drastic slide
      260 7  -  r=H3 on the economy job ads By Liew Hanqing DEMAND for manpower has eased, going by the volume of job advertisements in the newspapers. The volume of recruitment ads in May slid 45 per cent from the same month last year, after a
      Source: SPH  -  260 words
    • Article
      Lock icon Govt to reveal base price for reserve sites
      807 7  -  First batch o! 6 sites now available on reserve list By Kalpana Rashiwala FOR the first time, property developers will know what the government considers to be an acceptable price in a tender for state land at least, for those sites on
      807 words
    • Article
      Lock icon 81,300 sq ft Leedon GCB site for sale
      216 7 THE good class bungalow market continues to teem with activity. An 81,300 sq ft freehold site at Leedon Park worth about $32.5 million or $399 per sq ft has just been put on the market. The plot, off Holland Road, is owned
      216 words
    • Article, Illustration
      Lock icon Investors need time to assess DBS' Dao Heng buy: BG Lee
      741 7  -  Market will decide how S'pore banks consolidate, he says From Quak Hiang Whai in Hong Kong INVESTORS need time to assess DBS' recent takeover of Dao Heng Bank to see if the Singapore bank can indeed make the acquisition
      AFP  -  741 words
    • Article
      Lock icon ExxonMobil plant starts operations
      143 7 EXXONMOBIL Chemical said yesterday its Singapore chemical plant on Jurong Island is now operating. "It truly is the model for integration being applied in the industry around the world," said ExxonMobil Chemical president Daniel Sanders. "This state-of-the-art, world-scale facility is fully integrated with ExxonMobil's refinery in
      143 words
    • Article
      Lock icon Is all-cash alternative no longer mandatory?
      153 7  -  MAILItTm Narayana Narayana Singapore THE hottest topic in local financial markets at the moment is the rival bids for OUB first from DBS and now United Overseas Bank UOB. DBS appears to have pitched in a low cash component ($1.14 per share), in the
      153 words
    • Article
      Lock icon UOB's bid for OUB shows what it can do with local talent
      107 7  -  Denis Distant Singapore THE friendly $10 billion bid by UOB for OUB should make all Singaporeans proud to know that local talent can achieve what another local bank fully loaded with foreign expertise has been unable to achieve,
      107 words
    • Article
      Lock icon UOB offer for OUB makes more sense
      103 7  -  Adi Trikarso Australia, via Internet I REFER to your column "When the Chinese families close ranks" by Quak Hiang Whai (Hock Lock Siew, BT, Jun 30). Congratulations to Mr Quak. He is the only guy who got the right call. A UOB offer
      103 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      220 7 from $250.000*. Professional turnkey ftpptoach towards house liuildißg. Value-added consultancy services. Leading edge residential design.* I( Fair and competitive pricing. L~r,' ~-U3 Premium <|ual)ty Construction p&ducts. sbeT* •«übi«c> to bu*dng tpacrficabon and »i>»jgndiggre_ WAN HI FISHERIES PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN THAT A FINAL GENERAL
      220 words
Page thumbnail Page 8
  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Remember to honour your country
      818 8  -  bi:i=i bottom line OPINION robert samuelson The Washington Post Writers Group A mark of the times is that we have stripped most of our patriotic holidays of their patriotism. We no longer celebrate Washington's and Lincoln's birthdays on their actual birthdays, nor Memorial Day on
      The Washington Post Writers Group  -  818 words
    • Article
      Lock icon IN OTHER WORDS
      51 8 'People are entitled to protest... but CHOGM heads of government are entitled to meet. So anyone who thinks they can try and prevent people from going to meetings will be arrested.' Peter Beattie the Queensland state premier, on the Commonwealth Heads of Government Meeting in October in
      51 words
    • Article
      Lock icon Trade dispute in the Far East
      613 8 EDITORIAL AS negotiators from China and Japan meet in Beijing to discuss their three-month-old trade spat, expectations of an early resolution to the problem are low and with good reason. In any case, Geneva, not Beijing, is where such issues need to be settled
      613 words
    • Article, Illustration
      Lock icon Key to Japan's recovery: monetising bad debts
      1387 8  -  The BOJ can do so. Bat will it? Or will Japan go under, engulfed by a tsunami, as the new PM tinkers with reforms? From Anthony Rowley The writer is BT's Tokyo correspondent in Tokyo A GIANT tsunami is building up, ready to
      AP  -  1,387 words
    • Article
      Lock icon WHAT THE OTHERS SAY
      868 8 Power shortage looms A POWER crisis is looming over the horizon in Indonesia because investment in that sector has stopped since 1997. Most analysts and top officials at the Ministry of Energy and Mineral Resources have warned that, without new investment soon in the electricity sector,
      868 words
Page thumbnail Page 9
  • REGIONAL news
    • Article
      Lock icon Taiping Cons top KLSE gainer in the first half
      675 9 KUALA LUMPUR Loss-incurring firms undergoing capital revamp hog top losers' list LOSS-MAKING companies that had to undertake capital reconstruction hogged the top losers list on the Kuala Lumpur Stock Exchange (KLSE), while cash-rich firms were top gainers for the first six
      675 words
    • Article
      Lock icon KL Malay enterprises get RM500m boost
      267 9 KUALA LUMPUR MALAYSIAN Prime Minister Mahathir Mohamad yesterday launched a RMSOO million (Ss24o million) fund aimed at helping businesses owned by Malaysia's ethnic Malay majority to clear bad debts and obtain working capital. A total of RMI2O million from the new Entrepreneurs Recovery and
      267 words
    • Article
      Lock icon SingTel as Maxis technical partner?
      261 9 KUALA LUMPUR Reuters MALAYSIA'S Maxis Communications is seeking a technical partner after the exit of British Telecom from the mobile phone company, and Singapore Telecommunications (Sing Tel) could be in the running, an industry source said on Tuesday. Officials from both Maxis and Sing Tel
      Reuters  -  261 words
    • NOTE Book
      • Article
        Lock icon More time for M'sian insurers
        78 9 Bloomberg [KUALA LUMPUR] Malaysia said it will allow about half of the country's 52 insurers more time to raise capital after they missed a June 30 deadline aimed at strengthening their finances. Of the 22 insurers, nine companies are expected to complete boosting their capital
        Bloomberg  -  78 words
      • Article
        Lock icon Dr M: LRT firms to get compensation
        68 9 Dow Jones Newswires [KUALA LUMPUR] Malaysia s Prime Minister Mahathir Mohamad said the government will compensate the two debt-ridden light rail transit operators should it take over their rail assets, the New Straits Times reported yesterday. "We will compensate the companies the amount
        Dow Jones Newswires  -  68 words
      • Article
        Lock icon Philippine exports fall again
        59 9 Bloomberg [MANILA] Philippine exports fell in May for a fourth month, the latest sign that falling overseas orders for electronics may be tipping the economy into recession. Exports fell 11.4 per cent from a year earlier to US$2.6 billion, the National Statistical Office said. That compared
        Bloomberg  -  59 words
      • Article
        Lock icon Chart Pattana mulls merger
        68 9 AFP [BANGKOK] Thailand's second-largest opposition party Chart Pattana said yesterday it was considering merging with the ruling Thai Rak Thai, a move that would give the coalition 368 members of parliament in the 500-seat house. Prime Minister Thaksin Shinawatra is reported to be assembling a "super
        AFP  -  68 words
      • Article, Illustration
        Lock icon Police snub far Abdurrahman?
        87 9 AFP [JAKARTA] Opposition within the Indonesian police to President Abdurrahman Wahid's sacking of their chief ripened yesterday with the head of the Jakarta police command saying he will only obey the dismissed officer "The command baton of the national police and (the power to issue) orders,
        AFP; AFP PHOTO  -  87 words
      • Article
        Lock icon Changes to baht forex rules soon
        52 9 Reuters [BANGKOK] Bank of Thailand governor Pridiyathorn Devakula said yesterday the central bank would this month finalise changes in foreign exchange reporting rules for non-residents trading the baht. The central bank governor said he believed changes to the rules would not create problems for
        Reuters  -  52 words
    • Article
      Lock icon Cathay Pacific pilots resort to go-slow tactics
      616 10  -  Union adopts 'maximum safety' strategy after talks break down From. Audrey Tan in Hong Kong CATHAY Pacific pilots yesterday began industrial action against the airline by adopting a "maximum safety" strategy, which they say will effectively delay flights. Although there were no flight
      616 words
    • Article
      Lock icon Boost for overseas Chinese talent in China
      334 10 HONGKONG BEIJING plans to allow domestic banks and brokerages to hire more overseas Chinese professionals as departmental heads to speed up their development into commercially-run entities ahead of China's entry into the World Trade Organization (WTO), the South China Morning Post reported. The
      334 words
    • Article
      Lock icon HK elderly petition Tung to monitor rate deregulation
      218 10 HONGKONG Reuters AROUND two dozen, mainly elderly, people petitioned Hong Kong leader Tung Cheehwa yesterday to ensure that the government monitors bank charges following the implementation of interest rate deregulation. Hong Kong banks were allowed to set their own deposit rates from
      Reuters  -  218 words
    • Article
      Lock icon Unit Trust of India halts key fund's sale, buyback
      204 10 m NEW DELHI Bloomberg UNIT Trust of India, the country's biggest and oldest mutual fund, said it has frozen the sale and buyback of units in its flagship US64 plan until December after investors pulled out a net 33 billion rupees
      Bloomberg  -  204 words
    • ASIA Notes
      • Article
        Lock icon Taiwan broker in surprise closure
        55 10 AFP [TAIPEI] A local securities brokerage took the authorities by surprise by closing operations yesterday over a NT$6 billion (Ss3l7 million) debt. Well Phone Securities Company said in a statement that the closure was forced by major incidents that had affected operations of the company.
        AFP  -  55 words
      • Article
        Lock icon New charges against Credit Suisse unit
        76 10 Bloomberg [BOMBAY] India's market regulator said yesterday it's issuing a notice to the stockbroking arm of Credit Suisse First Boston, listing new charges against the unit that's been banned for alleged price manipulation. The Securities and Exchange Board of India last month appointed Poonam
        Bloomberg  -  76 words
      • Article
        Lock icon Indian Net users seen rising eightfold
        88 10 Bloomberg [NEW DELHI] The number of Internet users in India is expected to rise eightfold in the next four years as more small businesses in the South Asian country go on line, according to a report by IDC (India) Ltd. Internet users in India
        Bloomberg  -  88 words
      • Article
        Lock icon Stanchart to seek 2nd HK listing: report
        54 10 Dow Jones Newswires [HONG KONG] Standard Chartered PLC is to confirm its plan to seek a second listing in Hong Kong before the end of this year, Ming Pao Daily reported yesterday. Goldman Sachs is appointed as its sponsor, it said, quoting an
        Dow Jones Newswires  -  54 words
      • Article
        Lock icon UMC may close some plants: report
        49 10 Dow Jones Newswires [TAIPEI] United Microelectronics Corp may have to shut some plants amid the downturn in the foundry sector but won't lay off employees, the China Times reports, quoting an electronic message to company employees sent by chairman Robert Tsao.—Dow Jones Newswires
        Dow Jones Newswires  -  49 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      170 9 sI N G APORE PRESS HOLDI NG S NEWS P A P ERS PRESENT SB3? outlet snd csH the Jml fc ||b|4£2 I L ,cefand slo' oo 0 cashjf the purchase *as by x-%C JM»wrntem to*» the offlcU cviand doobk voir dtncK of wtniriQdr^ "MW pMRHT^HWMHHHRPvjpMjv WV^^MS^» ttdi«ltebsa»«rtFeiiWewewlei«lbtiPe#fwii#e«*r*ywsflfait SSMUM^miio JsSjjS
      170 words
Page thumbnail Page 10
  • FINANCE
    • Article
      Lock icon Futures dip amid mixed stock trading
      270 10  -  SGX Derivatives Trading Report ST Index/MSCI S'pore Index Daniel Wong Refco Singapore SINGAPORE stocks traded mixed yesterday with Singapore Airlines shares falling and property developers advancing. The Straits Times Index fell 3.35 points, or 0.2 per cent, to close at 1,703.27. There were 16
      270 words
    • Article
      Lock icon Futures fall 1.7% as stocks retreat
      242 10  -  MS& Taiwan Index Daniel Wong Refco Singapore LED by a decline in United Microelectronics Corp (UMC), Taiwan stocks yesterday ended a two-day rising streak. The MSCI Taiwan Stock Index shed 1.92 points, or 0.84 per cent, to end at 227.54, with the turnover at
      242 words
    • Article
      Lock icon CURRENCY REPORT
      235 10 Reuters London THE euro rose yesterday as gains of almost one per cent against sterling dragged it broadly higher, even helping it reverse losses against the yen triggered by comments from Japan's Prime Minister. The yen was in the spotlight early on after Junichiro Koizumi said he had
      Reuters  -  235 words
    • Article, Illustration
      Lock icon Untitled
      1268 10 MTBRBAME CROSS RATES Ju is AS C$ *w> Euro Ffr Dm Mtf Ind ts Nptofc Van Wow KM HZ$ Pak Bi Peso S$ Bud Sfr NTS Baht Pound US$ Australia 0.777 4.260 0.606 3.974 1.185 4.004 24.189 58.104 0.636 6.635 1951 1.258 32.906 27.172 0.935 4.113 0.922 17.680 23.321 0.363
      1,268 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      38 10 lIXI IX 111 l N M ROTHSCHILD SONS aver 200 years of banking win jv/ \vil V S Tel: 65-535 9677 65-535 9100 VI Fax:6s-535 8713 M j, n Email: treasury@rothschild.com.sg Call Rothschild Treasury Services today. Website: www.nmrothschiid.com.sg
      38 words
Page thumbnail Page 11
  • WORLD news
    • Article, Illustration
      Lock icon EU vetoes proposed US$41b merger of GE and Honeywell
      524 11 STRASBOURG, France Bossidy to replace Bonsignore as Honeywell chairman and CEO: report AP, Bloomberg THE European Union blocked General Electric Co's US$4l billion bid to purchase Honeywell International Inc yesterday, the first time a proposed merger between two US companies has
      AP,; Bloomberg; REUTERS  -  524 words
    • Article
      Lock icon Malaysian prince buys Britain's most expensive house
      191 11 AFP [LONDON] Crown Prince Abdullah of the Malaysian state of Pahang has bought the most expensive house ever sold in Britain, the Malaysian High Commission here said yesterday. He inspected his palatial new property, all 30 bedrooms, 24 bathrooms and five swimming pools
      AFP  -  191 words
    • Article
      Lock icon US factory orders post strong 2.5% jump in May
      275 11 WASHINGTON Stronger demand for cars and semiconductors AP ORDERS to US factories rebounded in May, posting their best performance in nearly a year. Stronger demand for cars and semiconductors led the way. The Commerce Department reported yesterday that factory orders rose
      AP  -  275 words
    • Article
      Lock icon EU clears Hutchison's ECT deal
      241 11 BRUSSELS Bloomberg HUTCHISON Whampoa Ltd has obtained European Union approval to purchase a stake in Europe Combined Terminals BV, after the companies agreed to ensure independent competition in the Dutch port of Rotterdam. Hutchison, controlled by Hong Kong billionaire Li Flashing, and the port of
      Bloomberg  -  241 words
    • WORLD Watch
      • Article
        Lock icon Q2 earnings to miss estimates: Du Pont
        61 11 Reuters [NEW YORK] DuPont Co warned on Monday second-quarter earnings would fall short of analysts' estimates. DuPont said earnings in the quarter before one-time items would run between 35 US cents and 45 US cents a share, compared with the 90 US cents
        Reuters  -  61 words
      • Article
        Lock icon US lifts money laundering warnings
        59 11 Reuters [WASHINGTON] The United States on Monday withdrew warnings to banks against doing business in the Cayman Islands, Liechtenstein, Panama and the Bahamas. The Treasury Department's Financial Crimes Enforcement Network said it was withdrawing warnings as the countries have since taken "concrete steps" in lifting
        Reuters  -  59 words
      • Article
        Lock icon Former Goldman trader indicted
        41 11 Bloomberg [WEST PALM BEACH] Former Goldman Sachs Group LP trader Kevin Ingram, 42, has been indicted on federal charges of attempting to launder US$2.2 million he received last month from undercover agents posing as illegal arms dealers.—Bloomberg
        Bloomberg  -  41 words
    • Article
      Lock icon SEC mulls analyst disclosure rules
      575 13 WASHINGTON NASD in similar move to ensure no hiding of possible conflicts of interest Bloomberg THE US Securities and Exchange Commission (SEC) is considering action to require stock analysts to disclose possible conflicts of interest to investors. The National Association of Securities Dealers (NASD) also
      Bloomberg  -  575 words
    • Article
      Lock icon Greenspan and regulators criticise SEC bank rules
      333 13 WASHINGTON They require banks to register broker dealer activities Bloomberg FEDERAL Reserve chairman Alan Greenspan and two bank regulators criticised interim Securities and Exchange Commission rules that require banks to register broker-dealer activities with the SEC. The SEC's interim rules implement sections of
      Bloomberg  -  333 words
    • Article
      Lock icon China-Japan talks on trade row make no progress
      398 13 BEIJING Tariff dispute could cost billions of dollars in commerce Bloomberg, Reuters CHINESE and Japanese trade officials ended a first day of talks with no sign they're close to resolving a tariff dispute that could cost Asia's two biggest economies billions of
      Bloomberg,; Reuters  -  398 words
    • Article
      Lock icon Fed to review Citigroup fair lending efforts
      155 13 WASHINGTON Reuters THE Federal Reserve has promised a "thorough examination" of efforts by US financial services giant Citigroup to address concerns about its lending to less credit-worthy borrowers. In documents accompanying its approval on Monday of Citigroup's purchase of New York's European American
      Reuters  -  155 words
    • Article, Illustration
      Lock icon Tokyo, Osaka: world's most expensive cities
      252 13 AFP [LONDON] Five of the world's 10 most expensive cities are in Asia, with Tokyo and Osaka still by far the dearest places on the planet, according to a study by the Economist Intelligence Unit (EIU) published yesterday. The two Japanese cities are 20
      AFP; FILE PHOTO  -  252 words
    • Article
      Lock icon Man may have hacked into 150 systems
      201 13 SAN JOSE Bloomberg THE Federal Bureau of Investigation arrested a San Jose man for allegedly hacking into over 150 computer systems including Nasa, AT&T Corp, Verio, a unit of Nippon Telegraph and Telephone Corp, and SBC Communications Inc unit Pacific Bell. Daniel Alvarez
      Bloomberg  -  201 words
  • Article
    Lock icon COMMODITIES
    1946 11 SICOM FUTUKES Jul 3 RUBBER (futures dosing as at 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Low Sett (towns) Interest Auq 01 112.00 Sep 01 112.25 250 Oct 01 113.00 Nov 01 114.00 RSS 3 CONTRACT (US cents/kg) Volume Open Month Htqh Low Sett (tonnes) Interest Auq
    1,946 words
Page thumbnail Page 12
  • e-NEWS
    • Article
      Lock icon Intel ships 1.8 GHz Pentium 4 chip
      294 12 SAN JOSE It also releases 1.6 GHz Pentium 4; new chips latest in battle against Athlon chip AP INTEL Corp announced the availability of its fastest version to date of the high-end Pentium 4 microprocessor. The new chip runs at 1.8 gigahertz, slightly
      AP  -  294 words
    • Article
      Lock icon HP offers voluntary 'pay cuts or vacations' to 14,000 in Asia
      202 12 PALO ALTO Three choices: take a 10% pay cut, use up 8 paid vacation days, or 5% cat and 4 vacation days Dow Jones Newswires COMPUTER and printer maker HewlettPackard Co (HP) has asked 14,000 of its workers in
      Dow Jones Newswires  -  202 words
  • Article
    Lock icon STOCKS asia
    7522 12 HONG KONG vol Jul 3 HKS COOP) Across Asia Multimedia 1.85 -0.05 8000 Alpha General 0.04 unch ***** Amoy Prop 9.00 0.05 5367 AnandaWingOn 0.16 unch *****0 Angang New Steel H 1.36 -0.02 ***** Anhui Conch H 2.20 -0.05 3014 Anhui Expressway H 1.64 -0.01 5060 Arcontech Corp
    7,522 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      296 12 Where to wine, dine and entertain..rt(Sl& < Born in the USA! American Independence Day Food Festival, 29 June 14 July Treat your family and friends to a sumptuous Yankee feast at the Marriott and you could be one of the lucky draw winners of a pair of air tickets to
      296 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      113 12 Whet your appetite for Sashimi, Oysters, I Sushi, mouth-watering barbecued meats and more. Available Sunday to Thursday at $29 per adult, children enjoy 40% discount. Add an additional $10 and $15 per person to enjoy unlimited flow of beer and wine respectively with your meal. For reservations, please call 432
      113 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      29 12 _j» —i C/|| j it IIANGSU 7HFJIANG SHANGHAI CUISINF HONG KONG SINGAPORt CP INTERNATIONAL BUFFET (II to 31 lul> :<»<>! BuHi'l l.uncli Diniu 4 \<lnlts tor flu price <>1 3
      29 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 4
      55 12 LUNCH DINNER PRIVATE DINING ROOMS VALET PARKING AVAILABLE LEVEL 1 KING'S CENTRE 390 HAVELOCK ROAD SINGAPORE *****2 TEL: 836 6866 FAX: 738 2083 on predictions. I Hi Advertise in Wine, Dine Entertain of The Business Times and reach out to 117,000 readers daily. HRpn^r Contact May Chan 740 1134 or
      55 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 5
      52 12 JC_ FAVOU rite S j Enfoy local and Western favourites in a daily high-tea buffet at The Mezzanine Cafe Bar 12:00 noon to 5:00 pm daily Weekdays: $22.8<>++f Mezzanine I Weekends: $23.80+++ TTrrrr Reservations: 831-6286 Mantlarvt Uj Singapore am MERITUS 333 Orchard Road. Singapore 238A67 TmiTT Tel: 737 4411 Fax:
      52 words
Page thumbnail Page 13
Page thumbnail Page 14
  • BIZ woman
    • Article, Illustration
      Lock icon Women make waves on Web
      418 14  -  Singaporean women surfers have jobs, finance and education on their minds, writes TAN HWEE HWEE TAN HWEE HWEE WHO'S your typical Web surfer? A male geek with dandruff and taped-up glasses? Those days are gone, according to latest research from Nielsen/Netßatings. Women surfers are surging
      418 words
  • Article
    Lock icon SGX clob
    2639 14 BONDS WARRANTS jus ■t Ms Pm/ Uytrr S2 MI lot Vd Day Uilteiti kwi Cmr Ear Mk MUn W(k Low Ml «w 000) M|k Im Beyer Mer Mce (aeetts) Kette Pike Gaarta«2 left 35 29 s ASTIW*****1 33 -1 83 33 32.5 33 33.5 26.4 1 16 7
    2,639 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1303 14 I NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WIDE AREA NETWORK PTE LTD (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
      1,303 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      595 14 THE COMPANIES ACT, CAP. 50 SINJU (I E) PTE LTD (In Vol. Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 6th day of August. 2001 to send in their names and addresses with particulars
      595 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      292 14 CRYPTIC CROSSWORD i I 2 i 3 i i 4 mp i 5 p I® LJLXi-P m mm m 5T| J :i:i=4p:i:i:i: 25 KT ACROSS programme (11) 1 Reduce team at wharf (8) 6 Lady of parts (7) 5 Graduate and old boy Jack 7 Disappointment, dingy abode finding tropical
      292 words
Page thumbnail Page 15
  • Article
    Lock icon STOCKS sgx
    8638 15 SGXMAIHBOABD GI Gr M MR S2-Wk Last Vol Day last Quote Div Mv VM Net Cap Avg High low Company Sal* +<- fOOO) Hi» Low Bwyr S««w Cvr WE in* Mce MULTI-INDUSTRY 143 35 cAcmaSOc 41 -0.5 184 41 40 40 41 0.5 19.9 0.6 108 71.1 41
    8,638 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      28 15 Flexible financing. Just the way you want it. Car Financing I Home Financing I Share Financing I Commercial I Industrial Financing I Equipment Financing I Factoring I Deposits
      28 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      41 15 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 Buklt Timah 467 1916 East Coast 348 8262 Serangoon 299 8855 js a ik SINGAPURA i BUILDING SOCIETY LTD <
      41 words
Page thumbnail Page 16
  • MOTORING
    • Article
      Lock icon Car sales soar, with Nissan widening lead
      577 16  -  All reports by Christopher Tan THE big just got bigger in the Singapore car market, with the top sellers led by unstoppable Nissan securing larger slices of the pie at half-time at the expense of most other players. According to unaudited Motor Traders
      577 words
    • Article
      Lock icon Conditions shaping up for COE dive — especially for Cat B cars
      662 16  - Conditions shaping up for COE dive especially for Cat B cars CARPETS! The next 'lottery COE' could also be the last as open bidding for all categories will wipe out chances of a crash christopher tan Motorists who kicked themselves for missing the $50 COE in December 1997, the $12,888
      662 words
    • Article, Illustration
      Lock icon Bread-and-butter segment of car market holding up
      392 16 A SMALL Japanese car cost almost $70,000 five years ago. Today, you can buy a midsized Japanese or a hatchback Continental for less than that. And if the budget goes up to $80,000, an array of bestsellers like Toyota Corolla, Mitsubishi Lancer and
      392 words
    • BUMPER to BUMPER
      • Article, Illustration
        Lock icon Auto onion
        122 16 MERGER fever is definitely in the air, but the latest union in town is not of the corporate variety. Still, the tie-up between Diren Raj and his beau Martina Schulz (above) caused some "oohs" and "aahs" in the Volkswagen regional office here because it's a fairytale romance and
        122 words
      • Article
        Lock icon Automotive conference in Tokyo
        83 16 A ONE-DAY automotive conference is scheduled for July 18 in Tokyo at the Four Seasons Hotel. The roundtable will explore the challenges and opportunities faced by organisations in the rapidly changing automotive industry. Speakers will include Graeme Maxton of industry consultants autopolis, Nissan Motors president Carlos
        83 words
      • Article
        Lock icon Volvo, National Geographic in deal
        99 16 VOLVO CAR and National Geographic have signed a one-year deal valued at US$9.7 million to provide global coverage of the Volvo Ocean Race, Round The World 2001-2002. The cross-media package comprises scientific, adventure and environment-themed content, which includes original TV programming for the National Geographic
        99 words
      • Article, Illustration
        Lock icon Audi's The Fan' bags advertising award
        85 16 -AUDI'S TV commercial to launch its new A 4 has won the Silver Lion award at the 48th Cannes Lions International Advertising Festival 2001. Called 'The Fan', the advertisement involves a dancing Elvis doll (right) that has become a collectible in Germany. The gyrating
        85 words
      • Article
        Lock icon Investors buy Ford's alloy wheel plant
        89 16 A GROUP of New Zealand and Australian investors have bought Ford's alloy wheel plant in Manukau. The plant, which employs 550 people and exports most of its wheels to the US, was the subject of buyout speculation. After weeks of secret negotiations, Ford sold
        89 words
      • Article
        Lock icon Delphi signs contract with China Engine
        107 16  -  Compiled by Christopher Tan DELPHI Automotive Systems has signed a US$76 million contract with China Engine Corp in Taiwan to supply engine management systems for 1.6 and 2-litre engines. The engines will be for cars launching in 2004. Meanwhile, Delphi has also developed a
        107 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1190 16 Merita Bank Pic Statement of accounts for the year ended 31st December 2000 Consolidated Balance Sheet (eur minion) Consolldatsd Profit and Loss Account (eur minion) Note 2000 UM» Noto 2000 1000 ASSETS Interest income 2,986 2,230 Liquid assets 1.018 2,411 Interest expenses -1,840 -1,299 r bTs e, 9 ble,ofrefinanCin9WrthCentralbankS 13
      1,190 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      164 17 1 f II VOLVO for life v." m m 5 |B v |k *'7'- '-^^^MMH> fi THE NEW VOLVO SBO OWNERSHIP PACKAGE. NO MATTER WHICH DIRECTION YOU TAKE, IT'S ATTRACTIVE. Owning the prestigious New Volvo SBO 2.4 has never been easier. After all, for a strictly limited time, you get
      164 words
Page thumbnail Page 18
  • BT golf
    • Article, Illustration
      Lock icon Golfing Penang: hilly fairways and heavenly fare
      1089 18  -  The Bukit Jambul Country Club is a dramatic 18-hole layout that poses enough of a challenge, says Geoffrey eu GEOFFREY EU IF GOLF is food for the sporting soul, then Penang an island with food at its heart and soul is the ideal
      GEOFFREY EU  -  1,089 words
    • Article
      Lock icon USGA rewrites rules for amateurs
      239 18 Reuters [FAR HILLS, New Jersey] THE United States Golf Association (USGA) announced on Monday it had rewritten its rules on amateur status and on unsuccessful attempts by amateurs to turn professional. Most significantly, an amateur will be able to accept equipment from manufacturers without jeopardising
      Reuters  -  239 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      114 18 You aren't one who follows in another's footsteps. Well, great minds think alike. Se v The new Passat. jS_m29, Looks like you have something in common with the new Passat. With its sportier looks and refinements including a new sports dash, the new Passat does not conform to conventional standards
      114 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      327 18 BT Golf would like to invite readers to send in letters or questions related to the sometimes rewarding, often exasperating game called golf. All questions will be answered by resident pro, Unho Park, and the best letter or question will win two 8-ball boxes of VW Golf dual-core bismuth-balls. Write
      327 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 3
      1 18 with
      1 words
Page thumbnail Page 19
  • PERSONAL investment
    • Article, Illustration
      Lock icon Insiders active but on bearish side
      1060 19  -  BlTwT»]^riarKets Heavy buying in HPL, Ong Asia; Capital sells Omni, Tai Chnan unloads Eeppel Capital By. Robert Halili The writer is managing director of Asia Insider Ltd. He is assisted by Ngia Soon Chai in Singapore DIRECTORS and substantial shareholders' trading activity rose sharply
      Source: Asia Insider  -  1,060 words
    • Article
      Lock icon 63% surge in top insurance sellers
      358 19  -  By Genevieve Cua LOCAL membership of the Million Dollar Round Table the insurance industry's association of top sellers —jumped 63 per cent last year, according to confirmed data released recently. At some companies notably Great Eastern Life and NTUC Income Insurance Cooperative the number
      358 words
    • Article, Illustration
      Lock icon Prudential marks presence in unit trusts and ILPs
      848 19  -  By I Serena Ng INSURANCE heavyweight Prudential last week made its first foray into Singapore's unit trust market with the launch of two new CPF-ap-proved funds. The funds are simultaneously available as Prulink investment-linked insurance plans (ILPs), which are funds bundled with
      848 words
  • ASIAONE markets
    • Article, Illustration
      Lock icon Upside for STI with non-oil exports down
      347 19  -  IV Wong Sui Jau The writer is senior analyst at Fundsupermart.com Pte Ltd, and a licensed investment adviser SINGAPORE'S non-oil domestic exports (NODX) for May 2001 showed a 9 per cent contraction compared to the same month a year ago. It's the first
      347 words
    • Article, Illustration
      Lock icon How high is too high when it come to PEs?
      479 19  -  Investors should use forward PE, not historical, and EPS growth as a guide By Patrick Peck The writer is vice president of the JCF Group, at www.jcfgroup.com THE price-earnings ratio (P/E) investors see every day in the financial pages is
      479 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      18 19 /TV Also at asiaonemarkets.com Bull markets in Singapore Cfll} Recommended unit trusts Free $50's Worth Of Unit Trusts
      18 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      55 19 The Top 1000 Banks in the World Find out who tops the bill in the July issue of The Banker Get the July issue FREE" at www.thebanker.com "Enter a subscription online at www.thebanker.com and receive 14 issues for the THE ONLY MAGAZINE AT THE FOREFRONT YEARS OF BANKING AND FINANCE
      55 words
Page thumbnail Page 20
  • EXECUTIVE money
    • Article, Illustration
      Lock icon CASH FLOW
      1125 20  -  Where does your money go? Unit trusts' share of household assets is now tiny. But two separate studies by management consultants expect a robust trend. GENEVIEVE CUA reports. GENEVIEVE CUA TWO management consultants have separately reached a similar conclusion over Singapore's mutual fund industry that it will grow
      AFP PHOTO; Source: GFIA  -  1,125 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      318 20 MAKE THE HEADLINES H In today's fast-paced world, the right story released at the right time can make a huge difference. Communicating effectively with the media is key to getting your story right This workshop, chaired by Patrick Daniel, Editor of The Business Tunes, is designed to dhow how M
      318 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      10 20 Prudential marks presence in unit trusts, ILPs, on Pg 19
      10 words
Page thumbnail Page 21
  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      297 21 Reuters THE Baltic Dry Index (BDI) dropped six points to 1,380, the Baltic Panamax Index (BPI) shed 14 points to 1,415, the Baltic Handymax Index (BHI) fell 17 points to 8,834 and the Baltic Capesize Index (BCI) was down two points to 1,743. TIME-CHARTER: ♦Lowlands Trader 2001 *****0
      Reuters  -  297 words
    • Article
      Lock icon MARITIME STOCKS
      304 21 sex 'ooo Jell SS W CWT Distribution 0.56 -0.01 40 Chuan Hup 0.32 -0.01 566 Cosco Investment 0.23 0.02 1192 Freight Links 0.08 unch 165 GB Holdings 0.50 -0.04 6 IMC Holdings-HK —5.60 unch 0 Java Holdings 0.16 unch 0 Keppel Corp 3.52 unch 2306 Keppel FELS 1.10
      304 words
    • Article
      Lock icon Hongkong beats S'pore in ship register league
      679 21  -  They're among top 16 in ITF-fnnded study dominated by European registers From David Hughes in London PRELIMINARY results of a new academic study into flag state performance has scored Singapore at 58 out of a possible 100 in a performance benchmark index, six
      679 words
    • Article
      Lock icon PSA Marine seals takeover of SembLog's marine business
      295 21  -  By\ Beth Jinks [SINGAPORE] PSA Marine this week completed its acquisition of Sembcorp Logistics' marine business, following an agreement signed in March. The *****.6 million deal gives the wholly PSA Corpo-ration-owned subsidiary access to Sembcorp's tugs, towage and salvage equipment, and operations
      295 words
    • Article, Illustration
      Lock icon NY cargo volumes rise 13% in Q1
      487 21  -  Port cites increased trade with Far East, promotion of all-water service from Asia By] Donald Urquhart [SINGAPORE] Defying both the sluggish domestic and international economy, the Port of New York and New Jersey (PONYNJ) has reported a 13 per cent year-on-year rise in
      487 words
    • SHIPPING news
      • Article, Illustration
        Lock icon S-E Asia showing greater political will to counter piracy
        622 22  -  STRAIT TALE By Seafarer THERE was an added edge to last week's an-ti-piracy conference organised by the International Maritime Bureau (1MB). As delegates debated the issues, two vessel hijack incidents were being played out in South-east Asian waters. Piracy is still
        REUTERS  -  622 words
      • Article
        Lock icon Explosions rock 2 ships off Sabah
        162 22 AFP [KUALA LUMPUR) A Filipino crewman was killed and two seamen missing after several explosions rocked two ships in Tawau port in Malaysia's eastern Sabah state. The Bernama news agency said the explosions occurred early on Sunday when fuel was being transferred from one
        AFP  -  162 words
      • PORT Shots
        • Article
          Lock icon Collision causes spill off Taiwan
          67 22 [SINGAPORE] A Taiwanese naval ship collided with a chemical carrier during a night training exercise last week, spilling poisonous paraxylene near Tainan. The chemical substance does not dissolve in water and is expected to float and pollute up to 12 nautical miles. No one was
          67 words
        • Article
          Lock icon Evergreen opens Italian terminal
          80 22 [SINGAPORE] Evergreen Marine Corporation has officially opened its Mediterranean transhipment centre at Taranto Container Terminal in southern Italy. Phase one of development has included the commissioning of I,ooom of quay served by five post-panamax ship-to-shore cranes and 12 rail mounted container stacking cranes. The berths offer
          80 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      269 22 PACE Ahrenkiel 10 Appenship 5 Assets 5 Austral 6 Avant 10 B'tang Mas 6 BSA 7 BTL (0 Balaji 4 Batamindo 9 Bayswater 10 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 Central Ex 6 Chahaya 10 China Shpg 5 Confer 10 Colony Log 5 tt Cougar
      269 words
    • Article
      Lock icon SHIPPING GUIDE
      10419 28 THEBUSINESSTIMES Page8 EXPORT WEDNESDAY, JULY 4, 200 ETA ETA Advertiser vessel Voyage Telephone SIN Dest'n Name Name Number Number »S To ABIDJAN (ABJ) 2003 Cote D'lvoire 13/07 02/08 MOL P&O NED SAO PAULO 8901A 65-*****86 16/07 IS/08 Kien Hung PROSPERITY CONTAIN PCI03S 65-*****33 16/07 20/08 Setramar VILLE DE
      10,419 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        763 31 Vessel Voy Ho Berth Arrival Departure Spc Capricor 74 J«*M Part 03/07/19*0 Bintan Muly a Oh Jul J02 03/07/6:45 03/07/23^0 Tq Johor 18 V2111r J07 03/07/8:40 04/07/630 C Progress 07-Mar J09 03/07/7:50 03/07/1615 Winstar 8 055S01 J03 03/07/8:10 03/07/15*0 Win E 1076 J15 03/07/8:30 04/07/23*0 BayswaterllS M1160 J02
        763 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1982 31 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Manc* Rstls SWp Voy No Etb/Btr Ptrlod From To From AO OAHUA 0361 4/230 02/1500 02/1659 Fc0-00 2A 02/1700 03/0659 03/0900 21 02/1700 03/0659 03/0900 3 03/0700 03/169 03/1400 AC* SEAfiUU. 017* 6/340 02/1500 02/1659 r«H0 2A 02/1700 03/0659 03/0900
        1,982 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        207 31 July 4 United States: Independence Day July Argentina: Independence Day July 11 France: National Day Belgium: Flemish Community July 14 France: National Day Jnly 17 South Korea: Constitution Day Jnly 20 Japan: Marine Day July 21 Belgium: National Day Angutl Switzerland: National Day An|ut 0 Singapore: National Day
        207 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        779 31 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        779 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        561 31 Cartoon 180 Max 993.4 0.S 1S.6 0.06 46 0.04 JmZS Density Wat* Residue Ash Aluminium Sediment Nc above E25 1 0 1 0 0 0 380 Ave 985.5 0.2 13.8 0.06 20 0.02 turn 380 Max 990.7 0.7 17.7 0.10 40 0.04 %Mj m/m mi —to*
        561 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon SilkAir should not have allowed pilot to fly
        682 32 SILKAIK TRIAL Capt Tsn Way Ming caused crash deliberately by 'willful misconduct' or'default': lawyer AP [SINGAPORE] The pilot of a Silk Air plane that crashed in a sudden nose dive in 1997, killing 104 people, should not have been allowed to fly
        AP; FILE PHOTO  -  682 words
      • Article, Illustration
        Lock icon Belgium rejects Swissair's final offer for Sabena
        648 32 Reuters [ZURICH] Swiss aviation conglomerate Swissair Group made what it called a "final offer" of fresh cash for ailing Belgian affiliate Sabena on Monday, but the Belgian government rejected it as unacceptable. After frenetic closed-door negotiations ended unsuccessfully on Friday, the Swiss company
        Reuters  -  648 words
      • Article
        Lock icon Auckland Airport's market value plunges after watchdog's report
        209 32 Dow Jones [WELLINGTON] Auckland International Airport had NZ$lOl million (5573.73 million) wiped from its market capitalisation yesterday after a regulator's report said NZ$2.4 million of annual economic benefits justified price controls on airfield services. Market watchers said the report by competition watchdog,
        Dow Jones  -  209 words
      • Article
        Lock icon Price controls on NZ airport proposed
        140 32 Reuters [WELLINGTON] New Zealand competition regulator the Commerce Commission has recommended some price controls should be introduced on airfield activities at Auckland International Airport, a commission spokesman said yesterday. A preliminary report, issued after three years of work, estimated a net benefit of NZ52.44
        Reuters  -  140 words
      • Article, Illustration
        Lock icon US Airways may sell aircraft, routes after takeover failure
        595 32 US Airways faced with 'perilous future' after failure of takeover by UAL Bloomberg [ARLINGTON, VIRGINIA] US Airways Group, the sixthlargest US airline, may sell routes, aircraft or other assets following a failed US$l2.3 billion takeover attempt by United Airlines parent UAL
        Bloomberg; AP  -  595 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1766 32 an Fuoff cu wait n» AMaMa AN8230 WSO LH6381 1850 SMI WO AasttrdM $023 0635 KL838 2255 6A979 0955 $0328 2325 BP MB rnmmmhm MOO 0255 Auckland N***** 2045 ****** 2045 nm mm vtm »e ■dwh vm org mtmm W/UM* 1330 MWUMT 0755 isirtini- sn07 noo
        1,766 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      24 21 S-E Asia showing greater political will to counter piracy Pg 2 Silk Air trial: SllkAlr should not have allowed pilot to fly Back Pg
      24 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      135 21 SINGAPORE LOGISTICS ASSOCIATION To prepare a pool of professionals for the logistics industry... 4 Your Benefits: Transportation istribution I Flexibility-you can choose I Distribution Centre Operations I course modules that meet I Basic Principles of Multimodal imil Transportation JfOUr *****1119 OeCOS Or Purchasing Management I enrol for the Dip oma
      135 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      805 22 i TO USA/CANADA I I EXPORT I 1 OTHER DESTINATIONS I VESSEL I VOT I fKG |n>Si<]tOWGmCH|DmAS HOUSTON |imwrws |cHKMO|NEWTO«r| TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOCL AMERICA 53C27 03/07 04/07 20/07 24/07 25/07 25/07 25/07 28/07 TZZ vfiv ZT lw I TTZ~ 00CL CALIFORNIA 55E28 10/07 11/07 27/07 31/07 01/08
      805 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      731 22 Lines services represented by Members of the Registry of Members of the Accredited Shipping Agents, Singapore Logistics Singapore Shipping Association Association ULY LINE MALE VESSEL VOY llu Tto ETA PL KLANG SPORE MALI Princess Lily VO5Ol 04/07 05/07 12/07 Empress Lily VO6Ol 20/07 22/07 30/07 Princess Lily VO6Ol 06/08 07/08
      731 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      1419 23 TO EUROPE FROM EUROPE Ivissa VOY I SIN m MM HW MV SOB LBI [VESSEL VOY IWW AMI HAM MV SOU W SW~| MOLMAAS S44W 06/07 22/07 24/07 27/07 28/07 API JADE 1031 17/06 14/06 15/06 12/06 06/07 HYUKRITY 303W 09/07 26/07 28/07 31/07 25/07 HYGMBAL 3311 16/06 18/06 20/06
      1,419 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      2328 23 TO ADM T/T: 10 DAYS HDD AH T/T 112 DATS W AOABA T/T 115 DATS GENERAL AGENTS IN SINGAPORE: M ROBMSOH RO #12-00 SAIIS/BKGS TEL: *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL: 07-*****66 FAX: 07-*****70 COSTAR SHIPPING PTE LTD SINGAPORE *****8 OUTWARD dA) *****02 *****25/75 PORT KLANG 03-*****633 03-*****668
      2,328 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      1261 24 C SENATOR LINES TO EUROPE TO MIDDUE EAST/KAN/RED SEA vissa vot aw taw urn ham wv fix vtssa vot sw m m» jp mm YOKOHAMA SBUTOt 00 UW 0107 20.07 72.07 2107 24-07 25.07 2107 A» 001 SW 07.07 14.07 1747 11.07 HO7 HAKJMNtWYORK 01I2W 04.07 2107 20.07 2M7 27.07
      1,261 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      945 24 m. am MAC-NELS SPORE WSIfl Carriar MM COUTH LINES, INC p. guoang: (ot) *****26 \~TSr/\~ emmnmOMMMm SBU: (084) *****9 MAMUL (632)*****24 W PENANG: (04)*****36 BANGKOK. (682) *****67 SURABAYA: (31) *****11 P. KELAHQ: (03) *****77 JKT: (21) *****45 KUCHHQ (082) *****1-3 ADELAIDE 1 AARHUS MV "OOCL ACE "V.019 OOCL FRANCE V.Ol
      945 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 3
      527 24 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO A NHAVA SHEVA (CPS MULUNO. MUMBAI) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSELNAN Ivor K'TOrelcoiomwln.shtval connktwg I connecting YSL-USA VSt-tIWOPt BAHAMIAN EXPRESS OOIW 09 JUL 14 JUL IS JUL INOAMEX MED KEELUNG MISSISSIPPI VIIW VI9 KOTA PERKASA YPKIO3 It JUL
      527 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      1428 25 IVESSEt VOT KHH HKG I SIN PKI DXB BAB PMM BMC IRAN KERMAN PCL-214 03/07 04/07 07/07 08/07 15/07 16/07 18/07 20/07 IRAN ISFAHAN PCL-215 10/07 11/07 14/07 15/07 22/07 23/07 25/07 27/07 IRAN HORMOZGAN PCL-216 17/07 18/07 21/07 22/07 29/07 30/07 01/08 03/08 IRAN TEHRAN PCL-217 24/07 25/07 28/07
      1,428 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      453 25 I Loading for 1 LEADER RDM/ATW/BMN/UK/LPL I Zl YUN SHAN RDM/ATW/BMNAJK/LPL I Loads Singapore. EVW. Malaysia. Indonesia I Loading for KOUROS V DBl/ABU/DOH/BRN/DMM/KWT BALAJI VINTAGE JDH/AQA RAINIER DB^ABU/DOH/BRN/DMM/KWT PISCES EXPLORER JDH/AQA/DMT AEGEAN SEA DBVABU/DOH/BRN/DMM/KWT •Loads Singapore, E7W. Malaysia, Indonesia I Loading for BEATANAVIS CAM/NFK/SAV/NOL I GEM OF TimCORM MZL/LAX/VLW/VCB I
      453 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 3
      1396 25 iiaiaM HON6RONG/ SNANSHAi/ XtNGANG/ QW6OAO lANGKOK/MAP TA PHUT/LAEM CHAAANG vissa vor sin hkg sha xgg tao vtssa voy a I I ntp I lch JITRABHUM NOI7 ***** u707 oitif ***** WW gMfl 555 M QZZfIZ UZBZ IiZQZ_ RAMA BHUM NOl7 16/07 21/07 24/04 27/07 30/07 SHIMAKAWI 5K M/ 07 13/07
      1,396 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      1152 26 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE i I VKSEI VOY SIN PIR I SPt UH I FXT I AHR 1 JMA 212Z8 ULUiI 22JUL 2IM 2LUIL 02 AUG 03 AUG 1 Mtum QI2BR 18 JUL 2LUII QMlfi MM IfiAUC 11 AUG 1 mi£A£lA QI22E MIL QL&Ufi QiAUG liAUfi 17
      1,152 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      443 26 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL CONTAINER SERVICE vs. _wr wg aw re m syd m w mwt rai9MM lIS OMT 14/07 74/07 26/07 a/07 31/07 MTKfIHK ioT 16/07 17/07 73/07 29/07 31/07 03/08 KMDNHMX "iIT a/07 24/07 03/ M OS/0« 07/5 10/ M owwour 40s »/07 31/07 06/0S
      443 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      429 27 BSA Ml MYANMA wBBk FIVE STAR UNE r (Myanmar National Un«) Loading for Yangon VESSEL VOY SIN PKL PEN PGU MONG U 45W SID HPA-AN 289W SU) MALAYSIA AGENTS: BOUSTEAD SHIPPING AGE NOES KUL TEL 03-*****300 PKL TEL 03-*****101 PEN: Ta 04-*****02 PGU: TEL 07-*****21/4 BANK LINE (A service of
      429 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      1152 27 HYUNDAI MERCHANT MARINE CO., LTD. IVKsa vot ISH I sou I ia I rtm I ant I hab I«v [vtssa voy I sou I im rib ant hab i biv IMI I HYEBPBOR 336W 05/07 23/07 25/07 28/07 26/07 J® 1 J U/0t W* 12/06 MOIMAA3 S44W 06/07 27/07 28/07
      1,152 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 3
      1030 27 vftv WALLENIUS WILHELMSEN TO WORTH AMD UTIN AMERICA 'CM /ROUP HtAVYUn SCRVKE" Ivtssa vor mump might sin lbc map mia I sav iai I orf i nyc new jjj TAJKO AHII4 400Tms 6.3* 13/07 18/08 21/08 23/08 25/08 26/08 28/08 01/09 03/09 TOURCOING AHIIS 400T«h 6.3 M 29/07 03/09 06/09
      1,030 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      1013 29 FCL/LCL Container Service to Worldwide Destinations through lAL Logistics (S) Pte Limited 22-01 A, Singapore Tel: 8380 Fax: 223 iaisin@ial.com Website: www.ialsin.com ||1 Own Offices in Asa fal I*J ItaW DaWMalpur/Jodhpur Ludhiana(lCD): Calcutta: Kmdh; *s***'+>**m-mm* i*sm*i+m*nH.o*4h*iM MLHtm UL»mnwa*piw%**»(iwwAfi* 6ti floor. Kalpataru Court. ChoHram C-4. Ground Floor. 204 Overseas Warehousing Complex
      1,013 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      248 29 hiflSß ENG LEI SHIPPING CO PTC UD I IC®4 M 51)1121 (10 Umi| Fax: SINUI/SIUfM I T CtUm ISIIUDIIOIt I VESSEL VOY SIN ETA SIN ETD DESTINATION Union Sta 10 04/01 03/0/ 05/07 Jkl Union Sim 3 08/01 04/07 05/07 Jamb Union Star 12 04/01 04/07 05/07 Bontono Snot Central
      248 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      592 30 IVESSE^^^vo^^Sl^^lSA^^Sl^^l TIGER RHYTHM 903N 09-10/07 15-19/07 24-25/07 I MILDBURG 10N/01 13-14/07 19-22/07 27-28/07 I TIGER SPEED 905N 16-17/07 23-26/07 31-01/08 I TIGER BRIDGE 904N 20-21/07 26-29/07 03-04/08 I TIGER METRO 906N 21-22/07 27-02/08 06-06/08 I TIGER RHYTHM 907N 24-25/07 30-02/08 07-08/08 TIGER CREEK 480CNB 04-05/07 11-13/07 21-22/07 I TIGER CLIFF
      592 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      804 30 A FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 iQflr Tel: *****11 Fax: *****77 E-mail: flesiir@singnet.com.sg Introducing Valencia MEDITERRANEAN Istanbul BARCELONA DIRECT SERVICE ALEXANDRIA GENOA Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 PROJECT SHIPMENT HIAVYUFT CARGO (CONVENTIONAL A RORO) UwrmxeMm 167SS7>, H/ft *****977 ißwinnNMliixMnja LOGISTICS WAREHOUSING
      804 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 3
      34 30 |220 KMS LOGISTICS (S) PTE LTD AIR SEA SERVICES TO/FROM: MANILA HONG KONG/SHENZEN/ KEELUNG SHANGHAI EUROPE/USA Head Office Tel: 272 7977 Fax: 272 4881 Email: kmslog@pacific.net.sg Airport Office: Tel: 542 2089 Fax: 542 2631
      34 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 4
      1080 30 |h A OPERATOR CODE: PD lin I IHICP CR NO: **********0 C W«k«t. htta://pfclMs.a» #7/ rU/ B MAM: 10:02-221-1333 FAX: 02-221-5272 #f# CUSTOMBtSERVICE: lEL 02-221-5596 FAX:O2-*****90 SINGAPORE: TOMC JOO SMPPMG PTE LTD M i— i, GNU 212 M 05/07 SHINUNEI 2110 OS/07 GUOO ***** M/ 07 GUOO ***** 06/07 GiHUAT
      1,080 words
Page thumbnail Page 31
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      118 31 ta>|)#d by Meteorological Service Slfllgipora K Thunderstorm jl §hpwp rg pj ain Temperature Wind direction and speed in knots Weather Cloudy Day c><) Hazy Sea Conditions Wind speed symbols t• g|, aht <1 2m O Full circle w/o line indicates calm or light and variable winds j -i—4Dne hall tleche
      118 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      101 32 SHIPPING CORPORATION BSC BHABAN SALTGOLA ROAD POST BOX NO: 641 CHITTAGONG BANGLADESH BANGLADESH SHIPPING CORPORATION BANGLADESH IS PLEASED TO INFORM THE TRADE THAT THEY HAVE APPOINTED MESSRS COLLYER SHIPPING PTE LTD AS THEIR OFFICIAL GENERAL AGENT IN SINGAPORE AS FROM 28TH JUNE 2001 (THURSDAY) FULL STYLE ADDRESS OF COLLYER SHIPPING
      101 words