The Business Times, 13 July 2001

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet. http://business-times.asial .com.sg/ SINGAPORE FRIDAY, JULY 13. 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    78 1 □sn M 7254 (+11.42) IT-OB ***** (+4.39) ST INDEX FUTURES (+20.00) flsmsannroiEs U mw (+1.80) STOd BASKET INDICES Thursday Change KLSECOMP 609.83 -8.18 NIKKEI 226 *****.96 +***** HANG SENG 12,***** +***** SET INDEX 315.00 +136 JAKARTA COMP __44L47 +4.04 MANILA COMP __1,399.42 +9J2 TAIPEI WPI 4,633.54 +8616 SEOULCOMP
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  • Article
    Lock icon FINANCE
    77 1 FOBEX BATES us$ s$ USS (SSperl'SS) L8J6 £(USS/SSper£) 1.409 1686 EUBO(l"SS/S$/E) 0.866 1-669 DM 2588 1546 YEN 1245 67.70 RM 3.800 2.070 HKS 7500 4548 BAHT 45.61 2454 RUPIAH ***** 6,198 *S$ to 100 units PRIME RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG
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  • Article
    Lock icon MAS shifts S$ policy to neutral in surprise move
    929 1  -  US$ jumps on news bat retreats on reported MAS greenback sales By Larry Wee [SINGAPORE] The Monetary Authority of Singapore yesterday announced that it will shift its Singapore dollar policy to a neutral stance a change from the current "gradual and
    929 words
  • Article, Illustration
    Lock icon Ample liquidity puts bank spreads at 20-year high
    283 1  -  By\ Vikram Khanna [SINGAPORE] Spreads between bank loan rates and deposit rates are at 20-year highs, reflecting an easy monetary policy, economic weakness and perceptions of high loan risk. The Monetary Authority of Singapore (MAS) annual report released yesterday shows spreads between
    Source: MAS  -  283 words
  • Article
    Lock icon Layoffs at NatSteel, Intraco; NatSteel warns of interim loss
    523 1  -  Byl Christopher Tan, David Boey [SINGAPORE] Governmentlinked Nat Steel Ltd and Intraco Ltd yesterday announced layoffs, with Nat Steel warning investors that the downsizing will push it into the red for the first half. Nat Steel, which is axing 20 per
    523 words
  • Article
    Lock icon US shares surge on Microsoft news
    124 1 Dow Jones Newswires [NEW YORK] US stocks surged yesterday as Microsoft, Motorola and Yahoo provided investors with news that fuelled hopes for a turnaround in corporate profits. By midday, the Nasdaq Composite Index was up 71.00 points, or 3.6 per cent, at 2,043.12. The
    Dow Jones Newswires  -  124 words
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      63 1 ntsiPE Top stories Sime Darby launches bid for Palmco at RM4.35 a share. Pg 11 IMF not ready to give timetable on Indon loan. Pg 13 Global economy should pick up by late '01: UN study. Pg 15 New accounting rule hurts US real estate finance profits. Pg 15 Earnings
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      148 1 1 LOCAL BANKS' MERGERS window of -ss* Gus Dur f3H?S Flexi offices opportunity for ip SITGSt yfcilL?4 foreign banks h SIOW of police chief j KXL'-rnm JIHSB ..ir' e ■BT Exclusive, Next Page Paß<>l2 r Iff Jgrßra Exec Lifestyle cover story T "j* Turn your back on time Rivmo 3
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      Lock icon Page 1 Advertisements Column 3
      27 1 BT COMMENT Nat Steel's loss just a foretaste of more to come? -,Y i: t i v 111 |J t .i|||| Motorola, Yahoo, Microsoft results. Pgs 14,16
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Property sideshow
        71 2 THE latest condo to hit the market, Rio Vista in Hougang, faces a canal called Sungei Serangoon. Before a news briefing at the showflat yesterday afternoon, some canoeists were spotted by journalists doing warm-up exercises outside the showflat before hitting the water. Developer MCL Land's managing director Lim
        71 words
      • Article
        Lock icon What a coincidence
        105 2 HONG Kong's Cheung Kong Holdings recently teamed up with Keppel Land and Hongkong Land to bid— successfully—for the first "white" site in the New Downtown. Guess what Cheung Kong suggested as the name of the joint venture that will develop the project costing over $1 billion? It
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      • Article
        Lock icon Hai Sun Hup boss is Slovak rep
        88 2 *Uk readers wno are nazy aDout tne siovaK KepuDiic but who need to brush up on the place for, say, business, there is help now in Singapore. The Consulate-General of the Slovak Republic has appointed hotelier and shipping man Ow Chio Kiat as
        88 words
    • Article
      Lock icon Foreign banks eye customer fallout from bank mergers
      649 2  -  B-li exclusive They're ready to pick ap credit card and clean overdraft customers Byi Serena Ng [SINGAPORE] The impending mergers between the local banks is creating a window of opportunity for the foreign banks to widen their customer base for credit cards
      649 words
    • Article, Illustration
      Lock icon MAS expects 1-1.5% inflation range this year
      477 2  -  ■I 3h( q on the economy inflation By Anna Teo [SINGAPORE] After rising steadily last year, inflationary pressures should ease this year, with the 2001 consumer price inflation rate coming in between one and 1.5 per cent, says the Monetary Authority of Singapore.
      Source: MAS  -  477 words
    • Article
      Lock icon S'pore's broad money growth sluggish
      252 2  -  By rcn Vikram Khanna ISINuArURE] Alter declining last year, Singapore's broad money aggregates showed slow growth in the first quarter, reflecting a continued shift from deposits to investment products. The MAS annual report released yesterday shows the broadest measure of money supply M 3, which
      252 words
    • Article, Illustration
      Lock icon Pillay urges public funds to adopt good governance
      506 2  -  Fund managers' body revises code of ethics By\ Serena Ng [SINGAPORE] The corporate governance standards for listed companies should also apply to managers of public funds, Singapore Exchange chairman J Y Pillay said yesterday. Speaking at the fourth annual conference of the
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      802 3 METALOCK (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of the Company will be held at Carlton Hotel, Empress Room A Level 2, Singapore *****8 on Friday, 3 August 2001 at 10.00 a.m. for the
      802 words
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      86 3 K1 I 111 i I HI I ir ■II q I B W A,, 3§j*" j|A i j«P» tA IFi^ll^Pl^pslWy^Bk.- 4 T 1 il L il Just ask the butler. %f Extended to all guests. For quick fixes that will get you through any crisis, be it business or personal.
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Capital levels for broking, futures firms to reflect risks
      635 3  -  MAS says new framework in H2 is for consistency across financial industry By, Angela Tan A MORE refined risk-based capital adequacy framework for stockbroking firms and futures houses will be introduced in the second half to help companies better manage risks,
      FILE PHOTO  -  635 words
    • Article
      Lock icon High cost seen for UOB's $3.2b bonds
      243 3 Bloomberg UNITED Overseas Bank, Singapore's second-largest lender, may have to pay a high price to get investors to buy $3.2 billion in bonds it is planning to sell to fund its takeover of a smaller rival. UOB's $10 billion offer to buy Overseas
      Bloomberg  -  243 words
    • Article
      Lock icon OCBC Sec unveils all-cycle fund for small investors
      311 3  -  Aim: To make money at all times-even during bear markets By Ling Su Ann OCBC Securities yesterday launched Singapore's first discretionary fund management service for small investors a facility previously available only to high net worth clients of private bankers. The Managed
      311 words
    • Article
      Lock icon Is NatSteel's loss just a foretaste of more to come ?
      647 3  - Is NatSteel's loss just a foretaste of more to come locksiew lee han shih THE scary part about NatSteel Ltd's $130 million provision is that no one and this includes its management knows for sure whether there will be more losses to come in the next year or two. Yesterday,
      647 words
    • Article, Illustration
      Lock icon Marco Polo wants to buy back 10% of shares
      560 5  -  Move fuels talk of privatisation; Wheelock has been buying more sliares By\ Kalpana Rashiwala MARCO Polo Developments is seeking shareholders' approval to buy back up to 10 per cent of its issued share capital, a move which analysts say will fuel
      RICHARD CHNG  -  560 words
    • Article
      Lock icon SNP back in the black with H1 profit of $638,000
      253 5  -  By Rachel Ong MAINBOARD-LISTED SNP Corporation returned to the black with a $638,000 profit for the first half of2ool on the back of a 34 per cent jump in turnover. Growth across all four of SNP's core business segments —printing,
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    • Article
      Lock icon Inno-Pac eyes turnover boost from telco venture
      316 5  -  Its nnit ties up with China Unicom to roll ont int'l traffic exchange services By\ Grace Ng INNO-PACIFIC Holdings' telco unit, IPH Telecom, has tied up with China United Communication (China Unicom) to jumps tart what could be its first profitable business in
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    • COMPANY Briefs
      • Article
        Lock icon Fu Yu parent didn't pursue stake offers
        90 5 Reuters SINGAPORE plastic injection moulder Fu Yu Manufacturing Ltd, whose shares jumped to a 23-month high on takeover rumours, yesterday said its parent had not pursued enquiries on buying its stake. "The company has been informed by Fu Yu Holdings Pte Ltd, which
        Reuters  -  90 words
      • Article
        Lock icon K1 Ventures posts $12.6m loss
        88 5 VENTURE company K1 Ventures said for the 18-month period ended June 30,2001, the group recorded a turnover of $59.2 million. It made an operating loss of $12.6 million for the period. As there was an extraordinary gain of $4.4 million from disposal of marine-based assets,
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    • Article
      Lock icon Fastech interim profit dives 55%
      187 5  -  By. Rachel Ong MAINBOARD-LISTED Fastech Synergy saw interim profit slide 55.3 per cent to US$l.76 million as turnover dipped 7.2 per cent to US$l4.2 million. "The current downturn is the worst I've seen in 40 years," chief executive S G Belen said yesterday. "It is
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  • SINGAPORE markets
    • Article
      Lock icon Untitled
      321 4 Stocks Volume FuYuMfglOc 52,501,000 Tianjin Zhong 26,384,000 UniFood HK25c 13,384,000 Wiilas-Array HK20c 11,358,000 Surface MTHK20C 11,166,000 Fischer 15c 10,782,000 Frontline 5c 10,693,000 TPVUSlC 10,420,000 North 22 USlc 9,703,000 Keppel Cap W*****0 9,607,000 Slocto Datacraft 10c 48,105,026 Chart Semiconductor 26c 37,426,540 OCBC 31,637,800 Fu Yu Mfg 10c 27,836,150 VentureMfg25c 27,258,670 Tianjin
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    • Article, Illustration
      Lock icon Is Singapore's 'safe haven' status coming into play?
      612 4  -  I li comment STOCKS r. sivanithy AFTER months as one of the region's worst performers, is it possible the Singapore market's traditional reputation as a safe haven may finally be taking hold in the minds of investors? Perhaps. Because the Straits Times
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    • Article, Illustration
      Lock icon W Want wrt leans on China play
      181 4  -  WARRANT WATCH By] R Sivanithy CHINA plays have flitted in and out of the market's focus over the past month or so, mainly because of China's on-off admission to the World Trade Organization. After falling out of favour for about a week, these
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    • Article, Illustration
      Lock icon ST Engg: upside target of $2.80
      227 4  -  HOT STOCK w Ven Sreenivasan ST Engineering is one of those stocks favoured by long-term investors because of its defensive qualities. The counter edged up two cents to $2.70 yesterday when 5.7 million units changed hands, compared with a 10-day moving average of 4.7
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    • Article, Illustration
      Lock icon MAS shows it means business, say players
      545 4  -  -ii comment CURRENCIES They detect aggressive selling of US$ following shift in MAS monetary policy larry wee THE much-anticipated monetary policy statement from the Monetary Authority of Singapore took centre stage for the nation's currency traders yesterday especially as it revealed a surprise
      Source: Reuters  -  545 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2860 4 UNIT TRUSTS FUNDS <b>rdMW Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.712 0.748 Global Technology Fd!** 0.582 0.612 UK Blue Chip Fd!** 0.719 0.756 American Opport Fd 0.812 0.853 ContEuroEqtyFd!** 0.978 1.028 Japan EqtyFd!** 1.164 1.223 Asian Fixed Income Fd 1.121 1.155 Pacific Equity Fd!** 1.219 1.281 Indonesia
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      257 5 The for drugs? v i'- <s ■^^k, f -w-. We see opportunity j Investment opportunities are everywhere; you just have to .know where to look. With Prudential Unit Trusts, you can be sure that our expert fund managers have their eyes PRI OF-NJTIAI Unit TfUS"tS <f and ears open for
      257 words
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  • SINGAPORE news
    • Article
      Lock icon US-S'pore FTA could lift GDP by 1.4 points: UOBKayHian
      365 6  -  The boost will come from stable trade and in vestment flows and more services business, says firm's economist By\ Rachel Ong A US-Singapore Free Trade Agreement (FTA) promises bigger and more stable trade and investment flows and greater services business. Based
      365 words
    • Article
      Lock icon PWD Corp upbeat on China, plans to broaden services
      247 6 PWD Corporation said yesterday that it was "buUish about China" and would intensify efforts to remain competitive there by expanding the scope of services offered. "We see China to be our future. Singapore is our home ground and base but...the market
      247 words
    • Article
      Lock icon Clarification
      46 6 YESTERDAY'S story, "New way of picking top architecture designs pays off", reported on the Singapore Institute of Architects' Architectural Design Awards for 2001. The news was meant for publication after July 25, not yesterday. We apologise to the Singapore Institute of Architects for our error.
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    • Article, Illustration
      Lock icon Construction demand seen falling
      501 6  -  Byy Vince Chong CONSTRUCTION demand this year in terms of contract value is expected to be slightly lower than the $15 biUion forecast in January, Building and Construction Authority chief executive Tan Siong Leng said yesterday. Mr Tan was responding to a BT query on the
      FILE PHOTO  -  501 words
    • Article
      Lock icon Rio Vista joins pre-Ghost Month rollout
      384 6  -  Condo beats SunGl&de with average price of $450 psf Byi Andrea Tan DEVELOPERS such as MCL Land, Ho Bee Group, NTUC Choice Homes and OUB Centre are pushing out projects before the Hungry Ghost Month starts in just 5 weeks. Listed MCL Land and
      384 words
    • Article
      Lock icon Court hears debate on possible pilot bungle
      560 6  -  SILKAIR CRASB By Beth Jinks THE court hearing on the lawsuit against Silk Air turned its focus from possible pilot suicide to a debate on tragic pilot bungle. French aeronautical expert Capt Robert Galan, testifying for the airline, put forward the theory that
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    • Article
      Lock icon Call to revamp SRS to include employers
      335 7  -  Actuary says retirement scheme as it is now won't lore majority Byy Genevieve Cua A PANELIST at an investment managers' conference yesterday poured cold water on the Supplementary Retirement Scheme, claiming it is a "wash-out" for most Singaporeans and a "tax shelter for
      335 words
    • Article
      Lock icon SMRT and Tibs: why merge?
      110 7  -  J Amrith Singapore I REFER to your article "Does SMRT really need to buy Tibs?" by Christopher Tan (BT, July 10). I couldn't agree more with the writer's scepticism on the rationale for such mergers. Taking it further, I fail to understand why a small
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    • Article
      Lock icon Call for proactive CPF share nominees
      242 7  -  MAIUiEaH Teo Chwee Hock Singapore I REFER to the article "CPF members can vote on bank takeover deals" by Siow Li Sen and Serena Ng (BT, July 6). I went to an annual general meeting of a listed company in May and was almost
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    • Article
      Lock icon CPF investors have rights too
      155 7  -  Narayana Narayana Singapore I REFER to your article "CPF investors seek full rights as shareholders" (BT, July 7). Many times I have come across investors using their CPF funds with gay abandon. One common reason I heard was: "It's not going to come into my
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      1870 6 SURFACE MOUNT TECHNOLOGY (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Surface Mount Technology (Holdings) Limited ("the Company") will be held at The TDB Room, The Fullerton Hotel, 1 Fullerton Square, Singapore *****8 on Monday,
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      31 7 n*r@*n Lianhe Zaobao I Chunghwa Telecom I I and SingTel's I I share exchange I I deal I I slowing I I down r I I I I I I atittn?
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      643 7 We welcome letters. E-mail us at btletter@sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind libel
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      173 8 The OMEGA Co-Axial Escapement A Revolution in Master Watchmaking ®r- ■F/' &M& I—l ;mI 3 year extended warranty At the dawn of the third millennium, OMEGA presents Jjttk design, the Co-Axial Escapement, developed in conan innovation that redefines the entire theory of j unction w th master watchmaker George Daniels.
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      174 9 The OMEGA Co-Axial Escapement A Revolution in Master Watchmaking m mmmF g vO m ft! M ll^^B m KiiV»F 3 year extended warranty j^gUP^pp^ At the dawn of the third millennium, OMEGA presents dEuk design, the Co-Axial Escapement, developed in conan innovation that redefines the entire theory of junction with
      174 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon No open doors or level fields in Japan
      879 10  -  ■TTTT^ bottom line OPINION patrick smith The writer is a former Bloomberg correspondent in Asia and the author of' Japan: A Reinterpretation'. The opinions expressed are his own. Bloomberg IT IS interesting to watch the traffic in human beings in Japan these
      Bloomberg  -  879 words
    • Article
      Lock icon IN OTHER WORDS
      56 10 The atmosphere will be cordial. Given the planetary configuration on July 15, Vajpayee will overrule Musharraf, but Musharraf will not commit to anything... though Vajpayee will be the winner, Musharraf will not be the loser.' -Anmßaiwal president of the All India Federation ofAstrologers, on the summit between
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    • Article
      Lock icon Beijing's Olympic dream
      606 10 EDITORIAL IT would be a pity indeed if China were to be denied its Olympic dream —because of its human rights record when the International Olympic Committee meets today to select the host for the 2008 Summer Games. In fact the very same reasons proffered by the
      606 words
    • Article, Illustration
      Lock icon Don't bet on a bottom
      1575 10  -  Demand will be hit farther by recession and there's room for further price drops for various tiers of private housing By) Kalpana Rashiwala The writer is a BT property correspondent SIX weeks ago, to the surprise of many, a queue formed several days ahead of
      ARTHUR LEE  -  1,575 words
    • Article
      Lock icon COMMENTARIES
      813 10 Power to tb6 people The Legislative Council has not yet become a chamber for determining the Special Autonomous Region's basic policies, but the Chief Executive Election Bill demonstrated once again its importance as a forum for expressing the views of the general public. Until Hong Kong gets a fully
      813 words
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      25 11 GET THE ONE THAT FITS! I^HR Multi-skilled worker, aspiring leader, all-rounder, star performer... I Find the right staff through The Straits Times Recruit. 1800-741-1883 o
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      174 11 H SA\YO ■El DISPLAY TECHNOLOGIES El JkwsF ,1? H PLC-SWISE ■U 850 ANSI, 2.5 kgs KTJ Wireless Remote Jfe v Ct Sm M* m+m DVD HDTV Ready ISM .&BKF 16x Digital Zoom wHpP gf KQ£fl e Auto Imaging for easy setup Computer Connectivity 1 BRIGHTER Projector Ultra Bright 3000 ANSI
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  • FINANCE
    • Article
      Lock icon STI futures up, tracking cash market
      267 11  -  CT Indat/MSGK Store Index C K Lau Refco Singapore HIGHER than expected earnings from US technology majors propelled Singapore shares higher yesterday. The benchmark Straits Times Index rose 11.42 points, or 0.69 per cent, to close at 1,672.81, with 35 counters rising, nine falling
      267 words
    • Article
      Lock icon Futures rise as stocks end losing streak
      231 11  -  MSCI Taiwan Indas Daniel Wong Refco Singapore AIDED by US markets, Taiwan stocks yesterday broke a week-long losing spell. The MSCI Taiwan Stock Index gained 3.49 points, or 1.63 per cent, to end at 217.13. The turnover was 613.27 million, as gainers outpaced
      231 words
    • Article
      Lock icon CURRENCY REPORT
      206 11 Reuters London THE US dollar rose by three quarters of a per cent against the euro yesterday, lifted by expectations of a strong open for US stocks and a recovery in emerging markets. But the greenback was unable to make much headway against the yen, which racked up
      Reuters  -  206 words
    • Article, Illustration
      Lock icon Untitled
      1238 11 MTHRBAMK CROSS RATES XT/g *S C$ Iwk Euro Fir P« H*$ bd ft Hptah Yw Wen BW H2$ Pafc Nso S$ Band Sfr WT$ Pond US$ Australia 0.772 4.196 0.592 3.880 LB7 3.944 23.852 57.492 0.628 6.579 1921 1247 32.488 26.850 0.928 4.165 0.898 17.698 23.063 0.359 0.506 Canada 1296
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  • REGIONAL news
    • Article
      Lock icon Fate of Renong and Halim Saad is unclear
      484 11  -  UEM has yet to reach agreement on pnt option deal From Eddie Toh in Kuala Lumpur THE fate of the Renong Bhd group and its major shareholder, Halim Saad, remains unclear amid growing speculation that a new major shareholder would emerge at
      484 words
    • NOTE Book
      • Article
        Lock icon Manila alert on terrorist threat
        68 11 AFP [MANILA] The Philippines has stepped up security at all airports and around the US and Israeli embassies following reports that a "Lebanese terrorist" was on his way to carry out attacks, officials said. President Gloria Arroyo's spokesman Rigoberto Tiglao said yesterday the government had
        AFP  -  68 words
      • Article
        Lock icon Exxon Mobil may start Aceh ops today
        67 11 Bloomberg I JAKARTA] Exxon Mobil Corp may restart natural gas production in Indonesia's Aceh province as early as today, after a four month hiatus caused by separatist attacks, state oil company Pertamina said. Exxon, which pulled out of Aceh on Mar 9 after
        Bloomberg  -  67 words
      • Article
        Lock icon Thaksin asks Chart Pattana to join govt
        77 11 Dow Jones Newswire [BANGKOK] Thai Prime Minister Thaksin Shinawatra took another step toward the enlargement of his majority in Parliament by inviting opposition party Chart Pattana to join the coalition government, Bangkok Post reports. The move came in the wake of sharp remarks
        Dow Jones Newswire  -  77 words
    • Article
      Lock icon Sime Darby launches RM800m bid for Palmco
      335 11  -  Froml Eddie Toh in Kuala Lumpur SIME Darby Group has made an unsolicited bid for Palmco Holdings Berhad in another move to snap up undervalued assets. The company said yesterday that the acquisition is part of the move to develop its downstream plantations
      335 words
    • Article, Illustration
      Lock icon Gus Dur orders arrest of defiant police chief
      617 12  -  Armed police squads surround Bim&ntoro's home to prevent arrest From I Shoeb Kagda in Jakarta THE increasingly tense standoff between Indonesian President Abdurrahman Wahid and the country's legislators took a turn for the worse yesterday with the president ordering the arrest of
      617 words
    • Article
      Lock icon Ringgit peg seen holding despite MAS move
      255 12 KUALA LUMPUR Reuters MALAYSIA'S ringgit peg will hold fast despite renewed pressure for change following yesterday's move by Singapore to adopt a neutral exchange rate policy, local dealers said. The Monetary Authority of Singapore (MAS) shifted the policy for the Singapore dollar, citing
      Reuters  -  255 words
    • Article
      Lock icon Arroyo to unveil 'bold' measures today to avert economic downturn
      402 12 MANILA AFP PHILIPPINE President Gloria Arroyo will announce measures to shore up tHe economy today amid a continuing slide in the local currency and reports that more businesses are closing down or laying off workers. Ms Arroyo's spokesman Rigoberto Tiglao
      AFP  -  402 words
    • Article
      Lock icon IMF not ready to give timetable on Indon loan
      310 13 JAKARTA But Jakarta is optimistic loan will be disbursed in Aug Reuters THE International Monetary Fund said yesterday it was not yet ready to give any timetable on the disbursement of a long-delayed US$4OO million loan to Indonesia. "We are working
      Reuters  -  310 words
    • Article, Illustration
      Lock icon MNCs fund 66% of China's US$20m bid for Olympics
      352 13 BEIJING LAT-WP AS the International Olympic Committee prepares to decide today which nation will host the summer games of 2008, China's government is churning through the final days of a huge and costly campaign to win the vote. Beijing's drive has
      LAT-WP; AP  -  352 words
    • ASIA Notes
      • Article
        Lock icon Unit Trust of India proposes exit options
        63 13 Bloomberg [MUMBAI] In a move to stem a US$7OO million exodus, directors of Unit Trust of India are proposing exit options for the 20 million investors the mutual fund locked into its US64 plan. Unit Trust's board of directors and key officials flew
        Bloomberg  -  63 words
      • Article
        Lock icon Indian industrial output slows in May
        72 13 Bloomberg [NEW DELHI] India's industrial production growth slowed more than expected in May as overseas customers pared orders and a drought cut spending by farmers at home. Production at factories, mines and power stations rose 1.9 per cent from a year earlier, slower than
        Bloomberg  -  72 words
      • Article
        Lock icon Enron open to selling LNG plant
        70 13 Bloomberg [HOUSTON] Enron Corp has not ruled out selling its liquefied natural gas (LNG) operations in India to government-owned Gas Authority of India Ltd, spokesman John Ambler said. Enron is building LNG facilities to process fuel for Enron-owned Dabhol Power. Dabhol and the Maharashtra
        Bloomberg  -  70 words
    • Article
      Lock icon HK gives nod to Bank of China merger plan
      200 13 ■HONGKONG Bloomberg THE Bank of China's plan to merge its 12 commercial banking businesses in Hong Kong and Macau has been approved by Hong Kong lawmakers, taking the lender closer to a sale of shares in the business. The bank, which
      Bloomberg  -  200 words
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  • Article
    Lock icon COMMODITIES
    1918 12 SICOM FUTURES Jul 12 RUBBER (futures dosing as «t 5.30pm) RSS1 CONTRACTS cants/kg) Close Volume Open Month High Low Sett (ton—s) Interest Aug 01 m.75 Sep 01 112.50 Oct 01 112.75 Nov 01 ***** RSS 3 CONTRACT (US cents/kg) VotwM Open Month Htgfc Low Sttt (tones) Interest Aug 01
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      163 12 f This is one fish story that doesn't exaggerate. It shows you how changing your attitude lets you enjoy your work and your life. Hook into it, it's quite a catch. 1 Spencer Johnson, author of Who Moved My Cheese A powerful book that will help you boost morale and
      163 words
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  • Article
    Lock icon STOCKS asia
    7519 13 HONG KONG Vol Jul 12 HK$ COOO> AcrossAsia Multimedia 1.99 0.19 7824 Alpha General 0.05 0.01 ***** Amoy Prop 8.05 0.05 945 Ananda Wing On 0.15 unch ***** Anqang New Steel H 1.34 -0.01 ***** Anhui Conch H 1.99 unch 2020 Anhui Expressway H .1.48 0.03 2659 Arcontech
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      5 13 Editorial: Beijing's Olympic dream, PglO
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      715 13 NOTICES To advertise call toll-tree 1800-741 1883 Fax No: 741 1298 I IN THE MATTER OF THE COMPANIES ACT. CHAPTER St I AND I IN THE MATTER OF BUSINESS TRENDS INFORMATION TECHNOLOGY SPECIALISTS PTE LTD iwcououTmiMmitmiucofsiNcwoMi a (Pi UQUDATWNi I (MEMOS' VOLmm WPBOG-in I At an Extraordinary General Meeting of
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      479 13 IN THE MATTER Of THE COMPANIES ACT. CHAPTER St I AND I I IN THE MATTER OF BI'SINESS TRENDSTTAMPINESI PTE LTD iwcotfotArattsTHE tmsuc or sscatoui (P< UQtTDATTONi I IMEMKKS' VOLINTAIV WNMNWFt I Al an Extraordinary General Meeting of the I abovenamed Company duly convened and I held at No 10
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      712 13 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OE PARKWAY DEVELOPMENT (CHINA) PRIVATE LIMITED (In Member's Voluntar> Liquidation I MEMBER'S VOLUNTARY WINDING-CP NOTICE IS HEREBY GIVEN that (he creditors of the abovenamed Company, which is being wound up voluntarily, are required, on or before ihe
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      811 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINDVALE HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duty convened and held at LGT Treuhand. Aktiengesellschaft. Stadtle 18+22, FL--9490 Vaduz. Furstentum.
      811 words
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      518 14 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF SERVITECH CONSULTANTS PTE. LTD. (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held
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      562 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALVENA PTE LTD (Incorporated in the Republic of Singapore) I. FONG LAY CHUN, the duly appointed corporate representative of AUSTRALASIAN PROPERTY GROUP PTY LTD, the holding company beneficially entitled to the whole of the issued shares
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      770 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DOPAK ASIA PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of the DOPAK ASIA PTE LTD duly convened and held on 6
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      801 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CADENTIAL PTE LTD (In Mombara' Voluntary Liquidation) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of the members of the abovenamed Company duty convened and held at2ooCantonment Road, *02-06, South Point, Singapore *****3 on the 9*"
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  • WORLD news
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      Lock icon Motorola suffers Q2 operating loss
      349 14 EARNINGS WRAP Operations USs232m in the red; net figure at USs7s9m as revenues tumble 19% NYT CONFIRMING expectations that business was dismal in its recently completed second quarter, Motorola reported late on Wednesday that it had lost US$232 million, or 11 cents a share, from
      NYT  -  349 words
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      Lock icon Yahoo posts Q2 loss of US$48.5m, as forecast
      340 14 SUNNYVALE, CALIFORNIA Bloomberg YAHOO! Inc, owner of the most-used website for searching the Internet, made a US$4B.5 million loss in the second quarter as sales of advertising on its Web pages declined. The loss of nine US cents a share compares with
      Bloomberg  -  340 words
    • Article
      Lock icon Fujitsu may miss full-year forecast: official
      255 14 TOKYO Bloomberg FUJITSU Ltd, the thirdbiggest maker of memory chips for mobile phones, may miss its full-year forecast because of declining semiconductor sales, senior vice-president Takashi Takaya said. "I have concerns we may have to downgrade our forecast," Mr Takaya said, commenting on a
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    • Article
      Lock icon STMicroelectronics Q2 earnings down 54%
      200 14 PARIS It expects Q3 sales to fall as phone chip demand slumps Bloomberg STMICROELECTRONICS NV, Europe's biggest maker of semiconductors, said second-quarter profit fell 54 per cent and forecast a drop in sales this quarter as demand for its products from mobilephone makers slumps. The
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    • Article
      Lock icon Global economy should pick up by late '01: UN study
      497 15 GENEVA Worldwide recession is also seen as unlikely AFP THE slowing global economy and trade should pick up by late 2001 and a worldwide recession is unlikely, a new United Nations study said. Initial UN forecasts for 2001 of 3.5
      AFP  -  497 words
    • WORLD Watch
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        Lock icon Japan chip makers have to cut forecasts
        64 15 AFP [TOKYO] Major Japanese chip makers will be forced to slash earnings forecasts in the face of a huge global slump in demand for semiconductors, analysts said yesterday. "Very many semiconductor companies have overstated their profits for the financial year (to March) and
        AFP  -  64 words
      • Article
        Lock icon Polaroid defaults on bonds
        67 15 Bloomberg [CAMBRIDGE, Massachusetts] Polaroid Corp, the largest maker of instant cameras has defaulted on its bonds as the money-losing company reorganises to avoid bankruptcy. Polaroid hired Dresdner Kleinwort Wasserstein and Merrill Lynch Co to advise it on selling all or parts of the company, said a
        Bloomberg  -  67 words
      • Article
        Lock icon Canon ups profit expectations
        38 15 Reuters [TOKYO] Canon Inc, Japan's biggest office machine manufacturer, yesterday raised its lull-year profit forecast due to the yen's drop but warned its H2 earnings would be hit by a weak global economy. —Reuters
        Reuters  -  38 words
      • Article
        Lock icon Nestle offers regulators concessions
        47 15 Bloomberg [BRUSSELS] Nestle SA, the biggest foodmaker, has offered concessions to European Union antitrust regulators to win approval for its US$ll.9 billion proposed purchase of Ralston Purina Co, sources said. The acquisition would make Nestle the leader in the US$25 billion pet-food industry.—Bloomberg
        Bloomberg  -  47 words
      • Article
        Lock icon CSFB head fired
        55 15 Bloomberg [NEW YORK] Credit Suisse Group fired Allen Wheat as head of its Credit Suisse First Boston investment bank, amid a US investigation into how the firm sold shares of initial public offerings. The No 2 Swiss bank replaced him with John Mack, former president of Morgan
        Bloomberg  -  55 words
    • Article
      Lock icon New accounting rule hurts real estate finance profits
      448 15 NEW YORK It will cut margins on secnritising real estate loans Reuters A RECENT accounting change may pose a major challenge to a decade-old Wall Street business of packaging US commercial real estate loans into bonds. The change, known as Financial Accounting
      Reuters  -  448 words
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      Lock icon Bush faces hurdles in bid for fast track trade authority
      435 15  -  From] Leon Hadar in Washington INDICATIONS are growing on Capitol Hill that Bush Administration officials and free traders on Capitol Hill are facing serious political and legislative obstacles as they lobby in favour of granting President Bush a Trade Promotion
      435 words
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  • Article
    Lock icon SGX clob
    2616 15 BOMPS&WARRAMTS mi* W «rab mm! u*r SZHM iMt M #tf UilOiili tq MCa Ear Mk MHa i— tmtm i*i *m- run u» *1* m» w fn w <%> un 39.5 29 s ASTIW*****1 34 -0.5 343 35 33.5 333 34 34 26.4 1 16 K) 134 35 37
    2,616 words
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      463 15 I NOTICES T o advertise call toll-free 1800-741 1883 Fax No: 741 ***** IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TORtSHIMA SINGAPORE PTE LTD (In Liquidation) NOTICE OF MEMBERS VOLUNTARY LIQUIDATION NOTICE IS HEREBY GIVEN THAT at an Extraordinary General Meeting of Members
      463 words
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  • e News
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      Lock icon Microsoft will let PC users remove Explorer icon
      430 16 Software giant also says Q4 sales better than forecast Bloomberg Reuters, [SEATTLE] Microsoft Corp on Wednesday said it will change how it licenses its Windows operating system to computer makers, letting them remove access to its Web browser and make other alterations.
      Bloomberg; Reuters,  -  430 words
  • Article
    Lock icon STOCKS sgx
    8073 16 SGXMAMBOARP Gr Or M MR lart Vol Day Ud Quota Mv Mr VM Mat Cap Am Wgfc low Camawy Sala *4- fe> low ■nor Safcr Cut HI $3 Prtca MULTI-INDUSTRY 143 35 (AcmaSOc 40 unch 96 40.5 39.5 39.5 40 0.5 19.9 0.6 10.5 69.4 40 41 8
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Flexi-offices go slow
      1894 17  -  COVER STORY Service offices have been touted as a convenient alternative to traditional offices. But even this niche market is being squeezed by fierce competition and a slowing economy. CORINNE KERK reports. CORINNE KERK IN Servcorp's corporate video, smiling men and women in sharp suits stride confidently
      1,894 words
    • PERSPECTIVE
      • Article
        Lock icon The truth about cats and dogs
        756 18  -  MMaatne cuff Can yon blame people for opting for the easier way ont and just getting a little pet who is easier to take care of than having babies? Bnt yon are free to make yonr choice jaime ee I HAVE come to the
        756 words
      • Article, Illustration
        Lock icon Wangz II boasts striking design
        497 18 IF Wangz's first service office is located at the highest possible floor at Suntec Tower One, then its second is located at the lowest possible level just a stone's throw away without actually going underground, that is. In 1997, Glastech opened Wangz Business Centre on
        497 words
    • STYLE
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        Lock icon Seductive light
        829 19  -  coiUMME here goes to Rome to witness the launch of Italian jeweller Bvlgari's latest collection, which is also one of its largest ever CORINNE KERK THERE'S ly-' something about being Italian, over 100 years old and having a long association with luxury and style —they come together to
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      • Article
        Lock icon The Bvlgari appeal
        402 19 BVLGARI'S headquarters in Rome is located along a busy street jam-packed with the infamous, crazy Roman traffic. Cars and Vespas-that-stop-for-no-man zip by the building, the exterior of which seems to have suffered a little at the hands of an untalented graffiti artist. Contrary to expectations, Italy's most
        402 words
    • BIZ WOMAN
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        Lock icon In hot pursuit of fairness
        988 20  -  The Asian obsession with complexion has driven skincare companies to sink research dollars into whitening products. How effective are these products? cbbab ui-hoom finds out CHEAH UI-HOON IS it possible to buy skincare products that don't say "whitening" or "white" in the label nowadays? Mention
        988 words
    • CINEMA
      • Article, Illustration
        Lock icon REEL bits
        1334 21  -  By Susan Tsang THE big budget summer monsters like Tomb Raider and Swordfish are losing momentum, but more monsters are just round the corner. Viewers who like lots of crash and bang for their money will, however, have another much-ballyhooed biggie opening this week. Final Fantasy is another
        1,334 words
      • Article
        Lock icon Enquiries and bookings
        99 21 Cathay Causeway Point *****88 Orchard 732 5874 Cathay Movie Line 235 1155 EngWah Empress 777 5867 Jubilee 454 1640 Suntec 836 9074 -Sun Plaza 753 1047 Toa Payoh 251 1370 West Mall 898 9230 Golden Village 24-hr easy booking: 1900-912-1234 Bishan Boon Lay Eastpoint Grand Marina Plaza
        99 words
      • Article, Illustration
        Lock icon A vivid trip to hell
        631 21  -  The brutal subject matter in 'Reqniem For A Dream'is not new, but what's refreshing is the wild camerawork By\ Susan Tsang Requiem tor a Dream is a harrowing tale about the ease with which vulnerable people can succumb to addiction, and spiral downwards. Yes, the
        631 words
    • EPICURE
      • Article, Illustration
        Lock icon Little Italian punch
        626 22  -  For all its attention to service and presentation, the food at Rossi itself is surprisingly average, Jims be discovers JAIME EE YET another achingly hip restaurant opens in the achingly hip Purvis Street. Do you rebel against protocol and flee into anti-hip establishments like Yet Con chicken
        626 words
      • Article, Illustration
        Lock icon Induce in some hot pot pleasures
        752 22  -  The only hitch yon might face at House of Mao Hnnan Hot Pot is in the sauce-making Byi Cheah Ui-Hoon IT helps to know your modern Chinese history when you adjourn to the House of Mao Hunan Hot Pot in Orchard Hotel Shopping Arcade
        752 words
      • Article, Illustration
        Lock icon A grocery for the Prada set
        886 23  -  tamhwhbhwhb takes a peek into how yuppies can shop for their provisions at Thos SB, the new food shop at the Raffles Hotel TAN HWEE HWEE HUNGRY for some posh nosh? Then head to Thos SB, the new food shop at the Raffles Hotel.
        886 words
      • Article, Illustration
        Lock icon A healthy meal of unusual S African fishes
        355 23  -  CRAVINGS 1C UJ -By Tan Hwee Hwee FANCY ordering a Hottentot, Snoek or Angelfish? These unusual South African fishes will be served at the MaMa Africa and African Heartbeat restaurants until 31 July. "We're mainly known for exotic meats," says Lam Yong
        355 words
      • Article
        Lock icon Tempting birthday menu at Salut
        365 23  -  By Corinne Kerk FIRST, the good news. It's France's National Day tomorrow and Salut is celebrating it with a special foie gras and mushroom promotion. Truth be told, no one really needs a good reason to dine out, but you'll have to admit that the
        365 words
      • Article
        Lock icon Chocolate fantasies at Ritz Carlton
        245 23  -  -By Tan Hwee Hwee CHOCOLATE worshippers sing hallelujah! For the whole of this month, the Ritz-Carlton has transformed its Lobby Lounge into a temple for cocoa worshippers, with its Aztec Royal Chocolate Buffet. The chocolate-loving congregation can fully indulge their fanaticism with a different type
        245 words
    • TRAVEL
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        Lock icon TIMELESS BEAUTY
        1181 24  -  mill tax sails down the mighty Mekong to the ancient Laotian city of Luang Prabang which even jaded Asian travellers find refreshing SYLVIA TAN is as mysterious a country as the mist that swirls around its mountainous city ofJLuang Prabang. Like the hidden city of Shangri-la, it's equally
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      154 17 BBvlgari seduces withLucea EL 3 Rossi: Little Italian punch EL6 Travel If Luang Prabang: Timeless beauty t. Buy a flight to the U.S. online and your next trip is on us. j Go through www.mastereard.com.sg to book your United Airlines flight to the U.S. on your MasterCard and you'll .feljiljy
      154 words
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      75 18 SmrwM Pdm Bujjct Lunch Every Fnday, Saturday and Sunday till 16th September, you can savour k. :J u 0 mouth-watering Nasi Podang Buffet, sfxaaty prepared by our Indonesia.. ..Pachri Nonas, Sop Buntut, Ayam Bumbu Bat, Ikon Sumbat Lada, Daging Rendang and lots more. :"3pr' W/* ~.a:>:. jMHKk Price: 17.50+++ for
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      101 19 AFFORDABLE BUNGALOWS SMART INVESTORS WHAT WOULD YOU DO WITH f-MRM FBEC w m rnCiC 1. Low interest finance to |JP| jg| approved purchasers. STAMP DUTY* 2. Fully-fitted bungalows from trnm^M A 5111,900 W» LEGAL FEE* 3. A 514,000 government grant mm and PR's only, conditions Th<S Weekend Only applied. Enquire
      101 words
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      64 19 CARAN d ACHE OF SWITZERLAND Wk ECRIDOR COLLECTION IHk MAKE YOUR MARK V Sole Distributor: SILVAROYAL PRIVATE LIMITED 207 Henderson Road #01-06 Singapore *****0 Caran d'Ache corner and service centre: #03-10/1 I Wheelock Place Tel: 238 6678 Caran d'Ache is available at Takashimaya Dept Store (Level 3). ma|or bookstores, speciality
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      231 20 Where to wine, dine and entertain..."-?@Has«r Never Say Never on A Sunday Sunday Lunch with Dim Sum At The Marriott Make your Sunday with unlimited complimentary prosecco accompanied by our celebrated international cuisine. Dim Sum, Assorted Sushi, Baked Salmon, Roast Sirloin of Beef and much much more. f Adults: $60+++
      231 words
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      93 20 "Brunch" is the best of lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads. "Brunch" from 11.30 am 4.00pm $18.90 (Adult) 40% discount (Child) "Brunch Karaoke" from 11.30 am Bpm $24.90* (Adult) 40% discount* (Child) For reservation, please call *****18 'Inclusive of
      93 words
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      136 20 Catch up with friends and relax in the casual atmosphere of a delightful high tea session. Our Asian High Tea selection, featuring barbecued chicken wings, assorted tim sum. satay, fried carrot cake and more, has enough bite to keep your conversation going! Available every Saturday. Sunday and Public Holiday from
      136 words
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      96 20 II Ml niche. Advertise in Wine, Dine Entertain of The Business Times Contact May Chan 740 1134 or Teresa Quale 740 1275 now. t Z&: k \4 *"< W h- -vf-^ Saturday Antipasto Buffet $»7+++ lor Antipasto Buffet only lor Antipasto Buffet 1 choke of pizza or pasta Sunday Brunch
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      71 20 J~[erve J~]erve •Singapore's first-ever Father Son French (jastronomic Feast JSjc 11 to 22 July 2001 Reservations 831 6258/88 "Z"~ aa glf.ljai 333 Orchard Road, Singapore *****7 Tel: 737 4411 Fax; 732 2361 CIxOMIA EDMARDB Enjoy real jazz every (except Sunday*) from 18 April 2001 at the Somerset'* Bar, Level 3,
      71 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      322 20 CRYPTIC CROSSWORD ACROSS l 2 I 3 Ml F I 7 M 8 5 Lunatic returns to a kfllH wound (4) ■pL.IMHJHipiJL 9 A new chief in charge is law10 Long letter from Amerindian in 11 Support squad from the rear mJ—j«J Lm 12 About to enter deviant group I
      322 words
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      21 21 yi Locate its owner through Classification 821 (Found). Simply call C*A«T*S* at 1800-737-1166 for this free service. CATS. Another Classified Service
      21 words
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      Lock icon Page 21 Advertisements Column 2
      97 21 Solo painting exhibition by Master of Expressionist Gunarsa^ (21 July 2001) Preview starts 14 July 2001 With the success of last year's exhibition, Linda Gallery (formally known as Malinda Art Gallery, Park Mall) is now proud to present a solo exhibition by the renowed artist, Nyoman Gunarsa. We will be
      97 words
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      134 22 si i: 'V i'"'" ii v y ■mlttC"'" "JL. *>-}••• MW*> ~-ih t t* h' Ji j tmml 'Ti TT ifi' 1 \\X i >Axx x v f—*\ II I I: t; 1 iji,l-ni.t 1 "1 I 1 1 l lii y\ V'\ \\JvvT'~ v yvy ,H >■■ I J':
      134 words
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      44 23 House of Mao Hunan Hotpot 442 Orchard Road #01-09/10 Tel: 733-7667 For information on the Great Chairman, view http://www.planio.it/linearossa/lrengmao.htm Aztec Royalty Chocolate Buffet (s2B+++per person) at the Ritz Carlton (July 1-31) at the Lobby Lounge, every Saturday and Sunday from 2.30 to 5.30 pm
      44 words
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      173 23 Lobsters And Prawns From The 3 Greats 1 to 30 July 2001 ■p j ■■■■v/ |^hh|HH| J v Join us on an exciting gourmet trail to fish out the most succulent tale (tail) from our kJE YAM 1 to 10 July 2001 trio of speciality chefs at the Hai Tien
      173 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      293 25 Reuters THE Baltic Dry Index XBDI) dropped 17 points to k»,286, the Baltic Panamax Undex (BPI) shed 15 to ]%298, the Baltic *Handymax Index (BHI) fell 22 to 8,533 and the X- Baltic Capesize Index (BCI) was down 34 points f to 1,610. UMB-CHABTBRs AP J Shain 1969
      Reuters  -  293 words
    • Article
      Lock icon MARITIME STOCKS
      289 25 M MB a M CWT Distribution 0.50 unch 0 Chuan Hup 034 unch 1338 Cosco Investment 0.23 0.02 627 Freight Links 0.08 -0.01 260 CB Holdings 0.53 0.01 30 IMC Holdings-HK 5.60 unch 0 JayaHoldinqs 0.15 unch 100 Keppel Corp 3.62 0.06 1458 KappeiFELS 1.08 0.02 227 Keppei
      289 words
    • Article, Illustration
      Lock icon Asia-Pacific container volume forecast to more than double
      495 25  -  S'poretole&d transhipment cargo with 28.8 m TEUs by 2011: UNstudy By Donald Urquhart [SINGAPORE] Asia-Pacific ports can expect container throughput volumes to more than double over the next decade, according to a study by the United Nations Economic and Social Commission for
      495 words
    • Article, Illustration
      Lock icon Cruise line goes bust
      45 25 AP [SAULTSTE MARIE, Ontario] The Arcadia, a 224-passenger Greek cruise vessel, sits docked outside Roberta Bondar Place in Sault Ste Marie, Ontario. Great Lakes Cruises Inc, the company that chartered the Arcadia, filedfor bankruptcy, stranding 121 passengers on board the ship.—AP
      AP  -  45 words
    • Article, Illustration
      Lock icon Troubled Cammell Laird cuts further 187 jobs in UK
      187 25 Reuters [LONDON] Struggling shipbuilder Cammell Laird pic, which is in receivership, has announced a further 187 jobs cuts in Britain on top of over 600 previously announced redundancies. Accountancy firm PricewaterhouseCoopers (PwC), acting as receivers for the group, said on Wednesday
      Reuters; REUTERS  -  187 words
    • Article
      Lock icon South Korea's ship orders down in first half
      163 25 AFX-Asia [SEOUL] Hyundai Heavy Industries Co and other South Korean shipbuilders have secured orders to build 121 vessels totalling 4.17 million compensated gross tonnes (CGT) in the first six months to June, down 36.9 per cent from 192 vessels totaling 6.61 million
      AFX-Asia  -  163 words
    • Article, Illustration
      Lock icon ICTSI mulling joint venture with Hutchison
      326 25 Philippine, HE terminal operators may develop port inßatang&s AFX-Asia [MANILA] International Container Terminal Services Inc (ICTSI) is considering a joint venture with Hutchison Port Holdings for the development of a port in the Batangas province in northern Philippines, ICTSI chairman and president Enrique Razon
      AFX-Asia  -  326 words
    • SHIPPING news
      • Article
        Lock icon Laytime does not begin if no valid notice is given: English court
        779 26  -  ADMIRALTY CASEBOOK By Selva Kumar COULD laytime at a discharge port commence if a notice of readiness was required under a voyage charterparty but no valid notice of readiness was ever served and the discharge of cargo had
        779 words
      • Article, Illustration
        Lock icon Russia urged to delay raising sunken submarine
        104 26 AFP [MURMANSK, Russia] The Norwegian Regalia (left) lying anchored in the Barents Sea, off the coast ofMurmansk close to area in which the wreck of the nuclear-powered Russian Navy submarine Kursk (inset) lay on the bed of the Barents Sea. Norway's Institute for
        AFP  -  104 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      273 26 PAGE Ahrenkiel 10 Appenship 5 Assets 5 Austral 6 Avant 10 B'tanq Mas 6 BSA 7 BTL 10 Balaji 4 Batamindo 9 Bayswater 10 CCNI 7 CMACGM 3 COSCO 3 Central Ex 6 Chahaya 10 China Shpg 5 Confer 10 Colony Log 5 t Cougar 7 tt
      273 words
    • Article
      Lock icon SHIPPING GUIDE
      10694 32 THEBUSINESSTIMES Pages EXPORT FRIDAY, JULY 13, 2001 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Nam* Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire 22/07 27/06 Delmas DELMAS CARTIER 126W 65-*****44 23/07 19/06 Klen Hunq FREEDOM CONTAINER FRW3S 65-*****33 23/07 29/08 Setramar VILLE DE VENUS 385W 65-*****33
      10,694 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        764 35 Vessel Voy No Btrth Arrival Papartui St* Service 77 J *312 12/07/6:40 12/07/194* Bt Anu Mulia ***** J01 12/07/845 12/07/204 Bint an Mitra OV Jul J02 12/07/6:50 12/07/2341 Bung* Tetuki OVDet J02 12/07/8:30 12/07/I73C Winstar 8 063S01 J03 12/07/770 12/07/224 Kit Sp05 JT6 12/07/8:15 13/07/164* Tai Chinh 2
        764 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1960 35 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Mo Etb/Btr Ptrlod From To From Ad FALCON 0171 13/16:30 11/800 n/1659 ItorOQ 2A 11/1700 12/0659 12/0900 21 11/1700 12/0659 12/0900 3 12/0700 12/189 12/M00 4 12/1200 12/1459 12/1700 AO ULAC 0Z7I M/BOO 11/1500 11/1659 NorOO
        1,960 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        200 35 July 14 France: National Day July 17 South Korea: Constitution Day July 20 Japan: Marine Day July 21 Belgium: National Day Augustl Switzerland: National Day Auguatt Singapore: National Day South Africa: National Women's Day Angut 12 Thailand: HM The Queen's Birthday August 15 South Korea: Liberation Day Switzerland:
        200 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        767 35 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
        767 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        519 35 Cart* 180 Max 9914 0.S 15.6 0.08 31 0.04 •*105 Density Water Residue Ask AIumMmi Sedtawnt No above E25 10 10 0 0 %M/H 380 Ave 985J 0.2 13J 0.06 21 0.02 (im 380 Max 990.7 0.7 17.9 0.10 40 0.04 M/M1 %M/M WW w«mt Mo
        519 words
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        Lock icon Will passengers pay more for faster Sonic Cruiser?
        583 36 Boeing tackling the question in plane's initial stages o! development Reuters [LONDON] What price air passengers will pay for speed is the key issue that Boeing Co needs to answer as it develops plans for the Sonic Cruiser fast airliner, a senior
        Reuters; AFP  -  583 words
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        707 36 Transfer-dependent KLM has it tougher than other carriers amid downturn Bloomberg [AMSTELVEEN, NETHERLANDS] KLM Royal Dutch Airlines said it may cut some weekend flights within Europe as the region's No 4 carrier grapples with a plunge in earnings caused by
        Bloomberg  -  707 words
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        226 36 Incentives to get airlines to start new services AFX-Asia [KUALA LUMPUR] Malaysia Airports Holdings Bhd has launched a "high-profile marketing and promotion campaign" to attract the return of foreign carriers that have suspended flights to Malaysia. "Malaysia Airports is on an all-out
        AFX-Asia  -  226 words
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        Lock icon Swissair Group selling more assets, cutting costs
        556 36 [ZURICH] Swissair Group said yesterday it was selling more assets and cutting costs to help it return to profitability after a huge 2000 loss on the back of a failed strategy of buying stakes in smaller European airlines. But in a briefing with
        556 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1839 36 OTT FU8WT IT* RJPff Cl» MM MB229 2230 IKUN 2230 S0229 2230 tmUvtm S023 OUS RUM 2255 GA9T5 1035 S0328 2325 KU37 1455 tortrtK ****** 2045 UM906 2020 S02M 2045 «24 2020 S***** 2020 W4285 2045 S0285 2045 mm* gw ows mm $ns h>Hll MWM4I m
        1,839 words
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      323 25 -ntfptrr ih Admiralty i#3sodook« Lsyiimo 000s not begin if no valid notice is given: English court Pg2 Will passengers pay more for faster Sonic Cruiser? BackPg PEOPLE Shipping Australia the shipowner representative body formed by newly-merged Australian Chamber of Shipping (ACOS) and Liner Shipping Services (LSS) has appointed former LSS
      323 words
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      748 26 I TO USA/CANADA ~1 I EXPORT I I OTHER DESTINATIONS 1 |ypsa vot m |n*aw|mnGKAO<jimiAS |houstoh |mh»hk |(mcago |wwyo«k TO AUSTRALIA (AUSTRALIA AMA EXPRESS) ooa CALIFORNIA 55E28 10/07 11/07 27/07 31/07 01/01 01/01 01/08 04/01 1 "'l 00(1 NEW YORK 15E21 17/07 11/07 03/08 07/08 08/08 08/08 08/08 11/08 I3L
      748 words
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      671 26 Lines services represented by Members of tbe Registry of Members of the fcl&pl/ Accredited Shipping Agents, "*!zjfr Singapore Logistics NQftv^ y Singapore Shipping Association Association CONTAINERS/ CONVENTIONAL CARGO 0" «*T KLAMG/SMGAPORi/jAKARTA t MNGKOK VOY ETAPKL ETA SIN ETA MALE Kmpress Ulj M6I 14/T7 25/07 K/W Prtßrrs* Ltty OMI 10/W tl/K
      671 words
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      1365 27 TO EUROPE FROM EUROPE Ivissa VOT I SMI RTM ANR HAM RRV SOU UH llvßSa VOY I RIM ANR HAM MM SOU W SM I HY FREEDOM 301W 16/07 02/0* 04/01 07/08 01/08 HYMDfffNDBKI 3011 22/06 75/04 27/06 21/06 15/07 HY BARON 3 SOW 16/07 05/08 03/08 07/08 MOIMOSEL 5401
      1,365 words
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      2287 27 TO AMN T/T: 10 OATS JEMAft T/Tll2 OATS I W AQAIA T/T: 15 DATS J GENERAL AGENTS M SINGAPORE: M ROOMSON RD #12-00 SAIIS/NGS TIL- *****57/43 FAX: *****21/71 MALAYSIA OFFICE MSIIGUOANG TEL 07-*****66 FAX: 07-35M170 romD CHIMING PTE LTD SINGAPORE *****0 OUTWARD (l/l) *****02 *****25/75 PORT KLANG 03-*****033 03-*****660 TIL
      2,287 words
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      1158 28 SENATOR LINES vtssa vot Ism lin I m m hm mv ax Ivissa vot sm urdu jed mb PUNJMSBUTM 0017* 10.07 17.07 24.07 J0.07 31.07 01.00 0101 UFAAAMM 001SW 14.07 1147 24.07 JUT MJ7 KAKTESU 0004W 1107 04.01 05.01 07.00 01M 05.00 ALAOOAU 00ISW 11.07 2U7 31J7 0440 0540 WUNGffIUTOA
      1,158 words
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      832 28 m. am MAC-NELg SPORE M'SIA frTTrTj Cmiir MM CONTIK LINES, MC p. qudanq:(07)*****26 I -IVv J fIWUPXIIIWIIIH 58U:(064)*****9 MANILA: (632)*****24 POiANG: <04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 ft KELAMQ: (03) *****77 JKT (21) *****48 KUCH6HO (062) *****1-3 MEW YORK HELSINKI MV "PfcO NEDLLOYD CHICAGO" V.21E28 MV "MOL RHINE"
      832 words
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      496 28 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND ID: COLOMBO NHAVA SHEVA (CFS MULUNO, MUMBAI) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL NAM! |VOY |S'POM|<OIOMO|N.SWVA| CONNKTM6 I CONNECTING VSL-USA VSt-HJBOPt KOttPttWSA YP* 103 16 JUL 21 JUL 26 JUL INDAMEX KHAVA MING COMFOKT sheva vn 30 rco PAtIS OIK 23
      496 words
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      1331 29 IRISL, o£a MB 01? toi/tog? fey ipGxitflQQ to g?s ft2> (g Q to fffo® (fcjaftesfr Qjt&mito QHim®* AGENT IN SINGAPORE AGENT IN MALAYSIA AGENT IN INDONESIA SJNOSE MARITIME PTE LTD CR NO:**********0H BOUSTEAD SHIPPING AGENCIES SON. BHD. PT. SINOSE CONTI PERSADA TEL: *****44 FAX: *****81 KL TEL: 03-*****300 FAX: 03-*****682
      1,331 words
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      466 29 I Loading for 1 Z\ YUN SHAN RDM/ATW/BMN/UK/LPL I NAZLIG RDM/ATW/BMN/UK/LPL I Loads Singapore. EVW. Malaysia. Indonesia J Loading for KOUROS V DBl/ABU/DOH/BRN/DMM/KWT BALAJI VINTAGE JOVAQA RAINIER DBl/ABU/DOH/BRN/DMM/KWT PISCES EXPLORER JOH/AQA/DMT AEGEAN SEA DBVABU/DOH/BRN/DMM/KWT ALQAWIYYU JDH/AQA •Loads Singapore. E7W. Malaysia. Indonesia ILoadngfor 1 BEATANAVIS CAM/NFK/SAV/NOL I GEMOFTUTICORW MZL/LAX/VCW/VCB I cuoPAanc
      466 words
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      1358 29 HONGKONG/ SHANGHAI/ XIGAN6/ QHBGPAO lANGKOK/MIAP TA PHBT/tAHi CHAiANG Vtssa I VOT I SIN I HKG SHA XOG TAO~ VESSEL I YOY I 81 I m 1 I KAMABHUM NOI7 14/07 21/07 24/04 27/07 30/07 MMiW UM mm. mu nm m'mj—smT iff™ 88 wtr JITRAIHUM NOlB 30/07 04/01 07/08 10/08 IVOR
      1,358 words
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      1175 30 IUKOPt/UK/SCANOINAVU DffOOT VESSEL/VOYAGE SGP iRDMItMG BHV I THP I ZB IHV IIUNTYOIO3OIW IS/D 7 02/06 OVOB 05/08 ECBIHEO946WMBI 16/07 QVOB 04/08 ot/08 08/08 09/08 gusoaiwEoioMoaif ww 09/oe n/w 12/08 E. DMNE 0947HW-016 ZW7 )(VOB 11/f 13AB IVW IM» lAST AND WIST MBMinWANKAN/tIACK SIA EXPORT vpsa/vprm sgp limi au 1 ros
      1,175 words
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      547 30 I^^ECU SINGAPORE PTE LTD S 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65) *****73 Fax: (65) *****66 Email: general@ecusin.eculine.net Website: http://www.eculine.net Johore Bahru Office-Tel: (07) *****18 Fax: (07) *****62 ALL DIRECT SERVICES TO THE FOLLOWING PORTS MIAMI NEW YORK SEATTLE HOUSTON CHICAGO LOS ANGELES NO WEIGHT CONSTRAINT RATIO
      547 words
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      140 30 Managing Agent: Straits Transportation Pte Limited 22 Martin Road #04-02 I T BetMtaf Singapore *****0 Tel. (05) 735 3330 Fat (05) 737 6002 NOttTH VIETNAM HAIPHONG SHUTTU SERVICE Vhml Voy No.| Spore Haiphong Danang Ouinhon Feeder STIO7N ~WO7 25/07 28/07 Brostoai 3 ISTIO6N I 25/07 I 01/08 04/08 05/06 SOUTH
      140 words
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      471 30 INDONESIA NATIONAL LINE TO AUSTRALIA "T FULL CONTAINER SERVICE va ntG m nit w std m m m w WTOA* lIS OMT 14/07 24/0716/07 28/07 31/07 NWfIW ioT 17/07 10/07 M/ 07 30/07 01/5 04/5 mmuxjM 4is~ a/07 24/07 (o/mm/mq7/o» io/5~ AM. IVCWT 40S >0/07 31/07 06/0» 12/0« M/0S 17/olil
      471 words
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      418 31 i BSA jk mm* MYANMA wHBk FIVE STAR LINE (MyoßMar Notional Uro) w Loading for Yaflgoo VESSEL VOT SIN PRL KM PGU MONG U 45W SU> HPA-AN 289W SID MALAYSIA AGENTS: BOUSTIAD SHIPPING AGENCHS MIL 111 03-*****300 PKL Til 03-*****101 PEN: TIL 04-*****02 PGU: TU 07-*****21/4 BANK LINE (A if»k«
      418 words
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      1208 31 HYUNDA^AERCHANTJJAAJIINECOj^TD^^^^^^ ivcsa vorimi sou |ta rim ant ham |"iT"j ivcsa voy sou uh rim ant nam brv TT MOl ADVANTAGE 003W 13/07 03/08 04/08 29/07 31/07 APIBAMI 101E 09/07 07/07 05/07 27/07 HY BARON 350W 15/07 06/08 04/08 02/00 APIGBMANY 101E 16/07 14/07 12/07 03/00 HYFRBDOM 301W 16/07 07/08 01/08
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      1017 31 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAYYLIFT SERVICE" [VISSE VOY RAMP HEIGHT SW UC* MAO MIA SAY »AL OOF I NYC NEW MQ» TAIKO AHII4 4001ws 6.3 M 13/07 IS/08 21/08 23/08 25/08 26/08 28/08 01/09 03/09 TOURCOMG AMI IS 4001 ms 6.3 M 29/07 03/09
      1,017 words
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      766 33 lAL LOGISTICS (S) PTE LTD 80 Robinson Road #22-01 A Singapore *****8 *TW|\Mi I Tel: (65) 223 8380 Fax: (65) 223 8387 MUR SHIPPING i i i in 'I 11 INDIAN OCEAN ISLANDS/SOUTH AFRICA VESSa TWU KK NWI TGM SM PK MTS REUNION DIN EL PC CT EXPRESS POWER VOY
      766 words
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      243 33 M ENG LIE SHIPPING CO PTE UD I W: *****22 (10 Fm: *****33/*****60 I y Ct K« **********0 C I VESSEL VOY SIM ETA SIN ETD DESTINATION UnguUcyo 06/01 11/07 13/07 PRW/PKB UnwnSlorß 08/01 14/07 14/07 Jomfc/K. lungkol Union Sib 12 04/01 14/07 14/07 Bonrang Dwi Doyo 07/01 15/07 16/07
      243 words
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      594 34 IVESSE^^^VO^^SI^^IWIA/^^Sl^^l MILDBURG 10N/01 13-14/07 20-24/07 29-30/07 I TIGER SPEED 905N 18-19/07 24-28/07 01-02/08 I TIGER BRIDGE 904N 19-20/07 24-30/07 04-05/08 I CAPECHARLES 13N/01 19-20/07 24-29/07 I TIGER METRO 906N 22-23/07 28-31/07 04-04/08 I TIGER RHYTHM 907N 26-27/07 01-04/08 09-10/08 IVESSE^^^VO^^SI^^^CA^^SI^^I XPRESS SPORE 320 16-17/07 23-25/07 02-03/08 I XPRESS PADMA 408
      594 words
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      828 34 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesirr@singnet.com.sg Introducing Valencia MEDITERRANEAN Istanbul BARCELONA DIRECT SERVICE ALEXANDRIA GENOA Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 t EtQJfCT SHfPMiMT HiAVYUR CARGO (CONVENTIONAL A RORO) m. Um *****71. H/» *7«»1«77 frTTTTflTllfftTlTflTifTTilli I LOGISTICS
      828 words
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      1092 34 |mm 4% OPERATOR CODE: PD mMmm. Dil I IlilCC CR NO; 137MM0000C W«Wl« btW/prfzWoa /r t f ra MM II 111 CS MAIN: TEL- 02-221-1333 FAX: 02-221-5272 #1/ Wmmm CUSTOMS! SERVICE: TIL 02-221-5596 FAX: 02-227-1190 SINGAPORE: TONG JOO SHIPPING PTE (ID tee>M|iftHi i— n GIHUAT 2186 09/07 GiSING ***** 10/07
      1,092 words
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  • Page 35 Miscellaneous
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      123 35 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm jl Showers #> q ain Temperature C~/ Wind direction and speed in knots Weather w Cloudy Day C tT? Sea Conditions Wind speed symbols j g h 12m O Full circle w/o line indicates calm or light and variable winds ~j -i—-One
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