The Business Times, 18 July 2001

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Microfilm: NL23040
Total Pages: 37
1 38 The Business Times
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  • Title Section
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    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: nttp://business-times.asial .com.sg/ SINGAPORE WEDNESDAY. JULY 18, 2001 850
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  • Article
    Lock icon MARKET SUMMARY
    78 1 □sn 1,638.78 (-21.78) BT-SBI •2482 (-8.66) □sr index rcmntES 1,633*00 (-18.00) SUSCIFUTUIES 197j00 (-2.70) STOCK MARKET INDICES Tuesday Change KLSE COMP 687.40 +7J0 NIKKEI 228 12,***** -214.80 HANG SENG 12,***** -***** SETT INDEX ***** +5.83 JAKARTA COMP 446.45 +118 MANILA COMP __l.884.ai -13.60 TAIPEI WPI 4,***** +3J0 SEOUL
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  • Article
    Lock icon FINANCE
    81 1 FOREX SATES uss s$ USS (SS per USS) L836 £(L'SS/SS per 1J84 1659 EUROfUSS/SS/E) 0J361 1^63 DM 2.298 1561 YEN 1255 68 JO RM 3.800 2.070 HKS 7.800 4548 BAHT 45.74 24.91 RUPIAH ***** 8,174 •s$ to 100 units PRIME BATES SINGAPORE* 5.80 KUALA LIUPUR 7.67 JAKARTA 39.00 BANGKOK
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  • Article, Illustration
    Lock icon Fugitive Soh Chee Wen mastermind in Mid-Con cornering: defence
    937 1  -  Defence aims to prove it was Soh who arranged for the five placees By Serena Ng [SINGAPORE] Malaysian fugitive Soh Chee Wen was yesterday named in court as the mastermind behind the cornering of Mid-Conti-nent shares in the stock market. Harry
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  • Article
    Lock icon June export slump worst since 1985
    892 1  -  16.9% fall in non-oil domestic exports points to foil-year contraction: TDB By Chuang Peck Ming [SINGAPORE] The bad news on the trade front has continued to surprise on the downside. June's non-oil domestic exports or NODX, a key barometer of Singapore's economic health tumbled
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  • Article
    Lock icon Electronics exports down another 21.2% in June
    581 1  -  Slide set to persist with expected 25% fall in global chip demand Bi Rachel Ong [SINGAPORE] Export of electronics products tumbled 21.2 per cent in June to $4.8 billion, according to the Trade Development Board. And the trend is expected to continue given
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  • Article
    Lock icon Amex moving regional card, travel services HQ to S'pore from HK
    206 1  -  BThVUIIUWJ By Siow Li Sen [SINGAPORE] American Express has picked Singapore to be the new Asia-Pacific and Australia headquarters for its card and travel-related services business now based in Hong Kong. An Amex spokesperson told BT that the move
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      316 1 nrsms Top Stories Mier sees M'sian growth slowing to 2.2% this year. Pg 11 India-Pakistan summit collapses over wording of declaration. Pg 13 Chip equipment industry paints gloomy picture. Pg 16 US industrial output falls for 9th straight month. Pg 18 BT Comment Paul Thompson: Investors demand more frequent reporting.
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      36 1 BT COMMENT i t t W W y -"»•£> m i\ Wsot r S r Wangsit (destiny) eroding, only a miracle will save Gus Dur Ra/;ili Kav.irn, 2 Indon MPs stand by for snap hearing Page 12
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      34 1 WUnds Are they really protected as promised? f /c > .t- M,, iBT COMMENT Why US$ will emerge tlie default winner l Larry Wee, Page 6 Lieut a hybrid llouda Civic l MOTORING, Page 14
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Commuter cheer
        51 2 COMMUTERS on Singapore's MRT trains may not see a particular need for cheering up. But Grapevine hears that in Paris, they have decided to offer massages and free snacks in the stations to cheer up passengers. In Stockholm, too, they are having "laughing instructors" to help commuters lighten
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      • Article
        Lock icon The two sides of insurance
        69 2 GREAT Eastern Life has adopted the slogan "Life is great" for both its e-mail address and for general advertising, as is evident from the message on the facade of its new building near Raffles Place. Life is indeed great for those who embrace it, although
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    • Article, Illustration
      Lock icon Thaksin keen to move Thailand into S'pore, HK time zone
      410 2  -  From Harish Mehta in Bangkok PRIME Minister Thaksin Shinawatra is eager to move Thailand's clocks one hour forward in line with stock markets in Singapore, Hong Kong and Malaysia in a bid to prevent speculators from taking profit in Thailand,
      Photos: AFP, Reuters  -  410 words
    • Article
      Lock icon PSA Corp's overseas ports grew 20% in H1
      687 2  -  Although expected to grow in future, the current rise will not offset drop in S'pore Frorn Audrey Tan in Guangzhou PSA Corporation's overseas ventures saw rapid growth of over 20 per cent collectively in the first six months of this year, but
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    • Article
      Lock icon Police say they have identified COE hacker
      223 2 [SINGAPORE] The Singapore Police Force yesterday said it had identified the person responsible for attempting to hack into the new COE open-bidding computerised system, and that he was "assisting in the investigation". Responding to media enquiries following a BT report yesterday, the police
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      471 2 KPMGSeminarSeries Bonds and Notes 1 Unravelling the mathematics and the <Epojtunities_l lV Thursday Friday, 16 &17 August 2001,9.00 am to s.o«bm JX \JI Orchard Hotal Singapore 1 Why As interest rates in most economies head south, the interest in bonds and fixed income securities grows. The pedestrian, safe deposit box
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      10 2 Hutchison's presence in China benefits PSA, Shipping Times Pg 1
      10 words
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      47 3 zenith io^^ f jr\TW±Mr iWL^ For a copy of the Zenith catalogue, please contact LVMH Watch Jewellery Singapore Pte Ltd. Tel: 832 9103 or email: info@zenith-watches.com.sg Exclusively available at CORTINA: Raffles City 339 9185. Paragon 235 0084. SINCERE: Ngee Ann City 733 0618. Lucky Plaza 737 4648.
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      623 4 Read the full report on Friday in the I*L* I Training Arm of The Institute of Certified Public Accountants of Singapore HI Singapore's Longest Established Accountancy Academy Presents B AOOl Analysis of Financial Statements 13-14 Aug Ms Koh Siew Min 2 690.10 AO 11 Interpretation of Accounts Case Studies 06
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      234 4 FLEISHMAN hillard" Great people. Great clients. Great service. Great results. Great place to work. Fleishman-Hillard, the world's largest multinational public relations firm with one of the fastest growing and most dynamic networks in Asia Pacific, is seeking a General Manager of our Singapore office, which also oversees extended operations in
      234 words
  • SINGAPORE companies
    • Article
      Lock icon Centrepoint takes stake in £29.5m London site
      417 4  -  The plot on the bank of Thames will be developed into 422 flats and 150,000 sq ft of offices and shops By Kalpana Rashiwala STEPPING up its presence in London, Centrepoint Properties has taken a stake in the acquisition of a £29.5 million
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    • Article
      Lock icon OCBC will hold its own, says Au
      429 4  -  By Angela Tan OCBC Bank will be able to hold its own against competition when Singapore's financial reforms are completed by 2004, vice-chairman and chief executive officer Alex Au told BT in an interview. "Clearly, we see a market in which there will
      429 words
    • Article
      Lock icon Centrepoint to ink deal for Shanghai prime site
      310 4  -  By Andrea Tan CENTREPOINT Properties plans to ink a 438 million renminbi (5596.6 million) deal for a prime two-hectare site in Shanghai, sources in China said. A property developer based in China told BT that CPL has signed a letter of intent
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    • Article
      Lock icon APP says it made net loss in '00, can't file audited accounts
      350 4 It tells US regulators managers have been busy with revamp Bloomberg ASIA Pulp Paper Co, which suspended payments on US$l2.2 billion of debt in March, made a net loss last year and can't file a full set of
      Bloomberg  -  350 words
    • Article
      Lock icon Case for more frequent reporting
      745 4  -  paul thompson The writer also lectures in accounting at the University of Nottingham in Malaysia, Kuala Lumpur. STOCK market investors do not like surprises. At least not unpleasant ones. And they are more likely to forgive honestly admitted minor mishaps rather than long-standing problems conveniently
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    • Article
      Lock icon Deutsche scraps plan for Venture covered wrts
      103 4 DEUTSCHE Bank has scrapped a proposed 50 million covered call warrant issue on Venture Manufacturing because of poor demand. Sources said Deutsche was unable to secure the minimum $5 million in sales that the Singapore Exchange lays down for a covered warrant listing
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    • Article
      Lock icon GES to hive DigiLand off as separate entity
      468 5  -  Move part of plans to split group into manufacturing and reseller businesses By Andrea Tan GES International yesterday proposed to split its manufacturing and distribution businessess in a restructuring that will lead to a total divestment of subsidiary DigiLand International. While the
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    • Article, Illustration
      Lock icon Tom.com sheds its Internet portal image
      490 5  -  Its aim is to top all Chinese media platforms an Grace Ng CLINCHING the top spot on every Chinese media platform is the name of the game for Hong Kong tycoon Li KaShing's Tom.com. The "cross-media" company, as Tom.com bills itself, is aiming to
      ARTHUR LEE  -  490 words
    • Article
      Lock icon More Internet users going to e-banks: poll
      260 7  -  UOB has highest proportion of secure connections while DBS site is most-visited By Tang Weng Fai ONLINE banking in Singapore is steadily reaching out to the Internet-using population in Singapore, according to latest statistics from Net Value, a French research firm operating here.
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    • Article
      Lock icon KepLand buy-out unlikely: analysts
      432 7 With slack property market, it does not make sense Bloomberg KEPPEL Corp, Singapore's biggest diversified group, is unlikely to take its property unit private soon, though it is going to be flush with cash when it sells its banking unit, analysts say. Investors have been anticipating
      Bloomberg  -  432 words
    • Article
      Lock icon Kim Eng unit buys into Manila firm
      240 7 Bloomberg [MANILA] A group led by ATR Kim Eng Capital Inc, a unit of Singapore's Kim Eng Holdings Inc, will buy half of Philtread Holdings Corp for 450 million pesos (5515.3 million) and then sell assets to the former tyre maker. ATR Kim
      Bloomberg  -  240 words
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      79 5 (Albert Photo The Professional Colour Lab with Complete Services Commercial Exhibition Enlargement for Display Light Boxes Duratrans Display Trans R3 Slide to Print E6 Process Slide Duplication Digital Imaging Digital Prints Inkjet Print Lamination Mount of Kapaline Board Framing Food, Commercial Industrial Photography LAB: Blk 34 Commonwealth Lane #05-26 Tel:
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      130 5 Fly World Business Class" to the U.S. and get a free Palm" handheld > '4 < jWi%^Y\ A M isgggB^p*^ www.nwa.com/sg^ Any of the following fabulous free gifts can be yours when you complete a Northwest World Business Class roundtrip flight to the U.S. from now till 15 September, 2001
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      580 6 Theoretical values before Dec 31, *98 Stocks Volume Huan Hsin 20c 27,902,000 Fu Yu Mfg 10c 26,221,000 Keppel Capital 12,794,000 Autron 9,959,000 Stratech 5c 7,129,000 STEngglOc 7,061,000 Fischer 15c 5,953,000 OUB 5,565,000 PNE Ind 10c 5,359,000 Tianjin Zhong 5,163,000 Stock* OUB 52,350,450 Keppel Capital 46,118,540 DBS Grp 40,039,420 OCBC 28,739,826
      580 words
    • Article, Illustration
      Lock icon Shares retreat on export fall, ahead of US tech stock results
      645 6  -  l-l I comment STOCKS r. sivanithy THE Straits Times Index fell yesterday for the 10th day in 12 sessions after news of a worse-than-ex-pected 17 per cent drop in June's non-oil domestic exports compared to last June, and ahead
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    • Article, Illustration
      Lock icon Tight situation; US$ seen emerging default winner
      598 6  -  CURRENCIES Greenspan's testimony, ECB meeting among reasons cited for expected range-trading larry wee CURRENCY markets are set to rangetrade in the near-term for a variety of reasons, or excuses. But beyond that, the US dollar is likely to emerge as the default winner
      Source: Reuters  -  598 words
  • Article, Illustration
    Lock icon UNIT TRUSTS & FUNDS
    2970 6 UNIT TRUSTS FUNDS LEGEND: All prices are indicative except for Ex Ringgit Assets; Broadly Diversified I Narrowly Focused S Lower Risk; Low to Medium Risk; ft Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; NA- Non Dealing Day Aberdeen
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      380 7 OLYMPUS vSf a a Zoom Digital Compact Camera |5 Hi' *v I W W jXHB s r *L "FREE Two (AMOIA 32Ma^w"*~ Smart Media Cards Worfns4oo -1 NEW (AMCDIA Digital Workshop jf. ,^^^sl499 Worth $300 V 1 Fl.B BRIGHT LENS 3X OPTICAL ZOOM opc 2 5X DIGITAL ZOOM HIGHLY-REFINED 3.3
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Kapient aims big in search market
      815 8  -  New entity result of merger of DP Search and KPMG Exec Search By Anna Teo IT'S not the best of times for recruitment firms, with hiring budgets being slashed in the economic downturn. But two headhunting businesses KPMG Executive Search Singapore and IT recruitment
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    • Article
      Lock icon Court hears SilkAir pilot had good flying record
      343 8  -  STT.KATR CRASH By Beth Jinks THE disciplinary record and judgement of late Silk Air pilot Captain Tsu Way Ming came under scrutiny again in the Singapore High Court yesterday as his superiors gave evidence in a civil hearing into the Singapore Airlines
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    • Article, Illustration
      Lock icon Wholesale prices up 1.8% in May on fuel oil price rises
      270 9  -  ryr ppri By Rachel Ong THE Singapore manufactured products price index has continued to rise, notching a 1.8 per cent year-on-year gain to 88.5 in May on the back of rising fuel oil prices. Month-to-month, the index gained 0.6
      Source: DOS  -  270 words
    • Article
      Lock icon DBS' UP: returns depend on how they are computed
      513 9  -  MAiLisrm Tan Choon Kiat Singapore, via Internet DBS Asset Management recently launched its third series of Guaranteed Unit Trust, UP. As I was in the banking hall, I picked up a copy of the sales brochure and did a more detailed
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    • Article
      Lock icon Eliminate board lots, and not just odd lots
      139 9  -  Alison Cousland Singapore I REFER to the letter "SGX should solve odd lot issue once and for all" by Narayana Narayana (Mailbag, July 7). Mr Narayana raises an issue I raised two years ago in these pages. I agree entirely with what
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    • Article
      Lock icon We mill be able to ride out the economic storm
      133 9  -  Linda Young St Petersburg, Florida, USA via Internet I REFER to your editorial "The worst isn't behind us yet" (BT. June 29). Thanks, your analysis is welcome, thorough and thought-provoking. However, this is the longest economic expansion in history for
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    • Article
      Lock icon Employers call the shots in finance sector hiring
      689 9  -  They capitalise on global oversnpply to pick best talent: consultancy By Teh Hooi Ling EMPLOYERS are gaining the upper hand in the quest for talent in Singapore's financial sector, according to a survey by international recruitment consultancy, Michael Page International (MPI). "In
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    • Article
      Lock icon Temasek launches inCube India
      290 9  -  Incubator facilities aimed at firms with ideas bnt little cash By Conrad Raj TEMASEK Capital, the direct investment arm of the Singapore government's holding company, Temasek Holdings, has launched inCube India to help Indian companies with ideas but not the cash to develop them. It forms
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      2178 8 Consolidated Income Statement m CREDIT LYONNAIS EURO in Millions at 31 December Head Office 19, bd des Italiens, ***** Paris 2000 1999 1999 List of Subsidiaries and Associated Companies Office: Avenue, #11-01 CONSOLIDATED COMPANIES IN FRANCE Centennial Tower SincaDOre *****0 Net Interest Income and Similar Revenues 2,602 2393 2,412 AFCALIA
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      75 9 The troth about guarantees, Pg 26 We welcome letters. E-mail us at btletterQsph. com. sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from
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      866 9 NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois Aa at December 31 For the Year ended December 31 (US$ in Millions Except Share Information) 2000 1999 (US$ in Millions Except Per Share Information) 2000 1999 ASSETS NONINTEREST INCOME Cash and Due
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Indo-Pakistan summit not a total failure
      752 10  -  Kmsriiniix OPINION yogi aggarwal The writer is a Bombay-based journalist who contributes regularly to BT ON the face of it, the just-concluded Agra summit between the leaders of India and Pakistan might seem a dismal failure. After all, the two sides couldn't even agree
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    • Article
      Lock icon IN OTHER WORDS
      88 10 'To destroy the global strategic balance and develop new cutting-edge weapons systems will only start a new arms race and endanger world peace.' -Jiang Zemin the Chinese president, hinting at the US missile shield in Moscow in President Vladimir Putin's presence. 'They broke the ice, then froze.'
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    • Article
      Lock icon Bite the bullet an flexible wages
      658 10 EDITORIAL Expectations run high in Singapore's business community that the government will prove sympathetic to their woes when it announces next week its package of "off-Budget" measures to help them ride out the downturn. Should the government heed the calls? The clamour started well
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    • Article, Illustration
      Lock icon Progressive reformist – or dangerous nationalist?
      1675 10  - Progressive reformist or dangerous nationalist? Observers say Koizumi's recent pronouncements reflect an emerging right-wing sentiment in the new government From Anthony Rowley The writer is BT's Tokyo co" *< estxjnde >, t in Tokyo THE anger that has flared up in South Korea and China over revisions to Japanese middle-school
      REUTERS  -  1,675 words
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  • REGIONAL news
    • Article
      Lock icon Mier sees Malaysian growth slowing to 2.2% this year
      541 11 KUALA LUMPUR Think-tank's revision reflects economy's sensitivity to cycles in main US export market Reuters A SLOWING global economy will restrict Malaysia's economic growth to 2.2 per cent this year, almost half the rate forecast just three months ago, the Malaysian
      Reuters  -  541 words
    • Article
      Lock icon IMF wants Indonesia to sell 40% stake in BCA by third quarter
      335 11 JAKARTA Dow Jones Newswires THE International Monetary Fund (IMF) wants Indonesia to sell a stake in a major nationalised bank to a strategic partner by the third quarter of this year as part of a draft agreement aimed
      Dow Jones Newswires  -  335 words
    • Article
      Lock icon Manila central bank urged to step in as peso sinks to 6-month low
      323 11 MANILA But central bank chief roles out rate rise, intervention AFP THE Philippine peso yesterday plunged to a new sixmonth low against the US dollar amid calls for the central bank to intervene aggressively to check the
      AFP  -  323 words
    • Article, Illustration
      Lock icon Indon MPs stand by for snap hearing
      675 12/13 They gather amid heavy security after Abdurrahman's threat to impose emergency on Friday if impeachment plan isn't dropped AFP Xinhua (JAKARTA) Indonesian MPs were gathering here yesterday and thousands of troops were on stand-by ready for a snap impeachment hearing if President Abdurrahman
      AFP; Xinhua  -  675 words
    • Article, Illustration
      Lock icon Wangsit eroding,only a miracle will save Gus Dur
      861 12/13  -  BTU.Il'.l.'.M.U ASEAN Friday's deadline could quicken his downfall yang razali kassim WANGSIT is a classic Javanese notion of fate or destiny. Meaning divine inspiration, it has to do with the idea of power, the possessing of divine authority to rule. It is
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    • LATE Briefs
      • Article
        Lock icon Bank Negara to revise GDP forecast
        78 12/13 Dow Jones Newswires KUALA LUMPUR) Bank Negara Malaysia, the country's central bank, will revise its gross domestic product forecast for 2001, Governor Zeti Akhtar Aziz said yesterday. "We will make a revision and announce it later," she told reporters. The central bank's current forecast
        Dow Jones Newswires  -  78 words
      • Article
        Lock icon BNP Paribas Peregrine to quit Manila
        52 12/13 AFX (MANILA] BNP Paribas Peregrine will shut down its Manila operations due to poor market conditions, the Philippine Daily Inquirer reported, quoting sources. They said the brokerage house will suspend operations within the next few days due to continuing losses arising from thin market
        AFX  -  52 words
      • Article
        Lock icon Dell cuts 60 employees in Penang
        68 12/13 Dow Jones Newswires IKUALA LUMPUR) Dell Computer Corp has reduced its workforce on Penang island by 60 through a voluntary separation scheme, the New Straits Times reported yesterday. The company has about 2.000 employees in Malaysia. "Many of the positions were made redundant by
        Dow Jones Newswires  -  68 words
      • Article
        Lock icon Bank of Ayudhya to sell 10b baht of NPL
        71 12/13 Bloomberg IBANGKOK) Bank of Ayudhya, Thailand's fifth largest bank by assets, will sell 10 billion baht (Ss4oo million)of bad loans to the government, less than it expected, after reaching agreements to restructure more loans. The bank earlier expected to sell bad
        Bloomberg  -  71 words
      • Article
        Lock icon Thailand urged to stop rubber subsidy
        65 12/13 Neuters (.JAKARTA) Indonesia, the world's second largest rubber producer, yesterday said it would ask top producer Thailand to scrap subsidies for rubber farmers saying they had depressed world prices. Hatanto Reksodipoetro, director-general of international trade and industry cooperation, said Bangkok's price intervention scheme had
        Neuters  -  65 words
    • Article
      Lock icon PepsiCo fighting San Miguel bid for Philippines No 2 soft drinks maker
      346 12/13 MANILA/ATLANTA It is said to be in talks to buy Cosmos for about USs27om FT PEPSICO, the US soft drinks and snacks group, is challenging a bid by San Miguel, the Philippines' dominant food and drinks company, for
      FT  -  346 words
    • Article
      Lock icon Thailand to sell shares in state firms worth 381b baht by 2006
      202 12/13 CHIANG MAI Bloomberg THAILAND will speed up the sale of shares In state companies worth as much as 381 billion baht (5115.3 billion) to balance its Budget by 2006, Finance Minister Somkid Jatusripitak said. The planned sale of
      Bloomberg  -  202 words
    • Article, Illustration
      Lock icon India-Pakistan summit collapses over wording of declaration
      713 12/13  -  Kashmir yet again a stumbling block; Vajpayee to visit Pakistan for talks From Rajendra Bajpai in I\eu' Mhi A TWO-DAY summit between President Pervez Musharraf of Pakistan and Indian Prime Minister Atal Bihari Vajpayee collapsed in Agra, the city of Taj Mahal, last
      AFP  -  713 words
    • Article
      Lock icon China's economy grows 7.8% in second quarter
      473 12/13 BEIJING Govt infrastructure spending pushes growth to more than 3 times that forecast for world Bloomberg CHINA'S economy expanded 7.8 per cent in the second quarter from a year earlier as government spending on roads, bridges and sports stadiums pushed growth to more
      Bloomberg  -  473 words
    • Article, Illustration
      Lock icon Treaty aims to protect global security, says Jiang
      482 12/13 MOSCOW The Sino-Rnssia pact will also deepen mutual confidence and friendship, Chinese president says AP VISITING Chinese President J iang Zemin told students at Moscow State University yesterday that the new, 20-year friendship treaty between Russia and China was aimed at protecting
      AP  -  482 words
    • Article
      Lock icon Taiwan business leaders urge govt to open up trade ties with China
      481 12/13 TAIPEI Easing curbs will help Taipei get out of the stamp, they say Bloomberg TAIWAN business leaders, including the chairman of Chinatrust Commercial Hank and Compal Electronics, urged the government to relax restrictions on trade with China to
      Bloomberg  -  481 words
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      506 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALLIED MOTOR CORPORATION PTE LTD (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members of the
      506 words
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      118 11 Terms and Conditions: Trade-in will only be conducted at 1 'M- f Pan-West's inspection and approval. Fairway Woods Iron Sets Wedges Putters. Trade-in for all Irons must be in full set (single brand and model) only. Trade-in does not apply to loose irons, golf balls, accessories and apparel. Cash will
      118 words
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      91 12/13 Tlie Lexus LS430. A iuav <l< Million of luxury. Unprecedented levels ol quietness. Consummate comfort. Astounding performance. TKe new world standard for luxury cars. (Z) l^XUS WWW.lexUS.COlll.Sg The Relentless Pursuit Ol Perfection fSSm HUKN, U MOTORS ts> PTE I.TI> U I KM. kKK ROAD SINGAPORE *****2 LRXVI SALES TEI. T49
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  • BT motoring
    • Article, Illustration
      Lock icon Ford sets up grant scheme for green activities
      337 14  -  By Lynn Lee FORD Motor Co has launched a sponsorship scheme for green activities in Singapore, as part of a US$l million global effort to help look after the environment. Under its Conservation and Environmental Grants Programme, the American car maker has
      337 words
    • Article, Illustration
      Lock icon Rent a hybrid Honda Civic come early 2002
      471 14  -  Falling under govt innovation scheme, Honda intelligent cars will be found at up to 6 CBD spots By Christopher Tan HONDA is set to be the first company to benefit from a multi-million-dollar government initiative to promote technological innovation. The Japanese manufacturer
      FILE PHOTO  -  471 words
    • Article
      Lock icon Cab firms cash in on low prevailing quota premiums
      372 14  -  By Christopher Tan TAXI companies are scrapping some of their taxis before their due dates to take advantage of the current low COE prevailing quota premium (PQP). At $18,444, this month's PQP (a three-month moving average COE premium) is some $10,000
      372 words
    • BUMPER to BUMPER
      • Article
        Lock icon Black box for cars
        99 14 AN Argentine inventor has won a patent for a car data recorder to capture information about traffic accidents. Adolfo Bague devised a system that senses, stores and updates details of a car's mechanical and electrical operations. It can also record images and sound from cameras mounted
        99 words
      • Article
        Lock icon Alfa Romeo,Lancia to lead sales drive
        101 14 ALFA ROMEO and Lancia, Fiat's sporting and executive car brands, are to spearhead a drive by the Italian automotive group to lift annual car sales and production to the four million mark—from this year's expected 2.6 million—before the end of this decade. According to
        101 words
      • Article
        Lock icon Jaguar seeks views on brand image
        87 14 JAGUAR, the luxury car arm of Ford, has asked some of Britain's leading design houses to reassess its brand image, according to the Financial Times. The carmaker confirmed a report in Design Week, the industry magazine, that it was seeking outside views on its
        87 words
      • Article
        Lock icon New showroom for Ferrari, Maserati
        73 14 FERRARI and Maserati agent Hong Seh Motors has opened a showroom in Prinsep House. Its first outlet in the city, the move means those who want to shop for the Italian supercars need not travel all the way to Fourth Lok Yang Road near Tuas.
        73 words
      • Article
        Lock icon Audi sets up electronics venture
        63 14 AUDI Ag has set up Audi Electronics Venture GmbH, a fully-owned subsidiary with a share capital 0f500,000 marks (*****,400), to farther strengthen Audi's expertise in the electronics sector. Audi is presenting developments in the sector at an electronics auditorium in Munich. For example, essential components
        63 words
      • Article
        Lock icon VW to buy more through e-auctions
        104 14  -  Compiled by Christopher Tan VOLKSWAGEN is to ramp up its electronic sourcing of components and supplies over the next six months, with more than 800 online auctions planned for the current calendar year. Financial Times reported that it had decided to license the auction
        104 words
    • Article, Illustration
      Lock icon Skoda eyes expansion in Asia
      463 15  -  Firm in talks in key markets; may set np regional office in S'pore nu Ven Sreenivasan A YEAR after launching its cars here, Volkswagen Group's Skoda Auto is looking to expand into other key Asian markets. The Czech carmaker's head of overseas sales, Dietmar Prager,
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    • Article, Illustration
      Lock icon The OMW guide
      1171 15 Source: LTA Average open market value (OMV) of cars registered in June. MODEL/MAKE CC AVE ALFA ROMEO A156 2.0 1,970 26,060 ALFA ROMEO A166 3.0 2.959 42.532 > AUDI A31 6A5DR 1,566 ***** j AUOI A41.6A40R 1,595 24,675 AUDI A41 BMOR 1,781 29,063 AUDI A61.8TnP40R 1,781 *****
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  • Page 14 Advertisements
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  • Page 15 Advertisements
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      146 15 v Wi/il ji'l tk m 111 |TF|h Experience and discover the warm hospitality at the Golden Landmark Hotel Singapore located in the Heart of a Historical District close to Hugis MKT and SUNTEC Convention centre and all major shopping areas like the Bugis Junction and Raffles City Shopping Centre. Enjoy
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      661 15 I IfJ '.I'»? JI Capital Holdings Keppel Capital Holdings Ltd (Incorporated in the Republic of Singapore) INTERIM DIVIDEND On 6 July 2001, Keppel Capital Holdings Ltd (the "Company") declared an interim dividend of 4% or 4 cents per share less tax for the six months ended 30 June 2001 ("Interim
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  • e News
    • Article, Illustration
      Lock icon Chip equipment industry paints gloomy picture
      448 16 SAN FRANCISCO Sales seen declining 35% this year; last year's levels not to be beaten till 2004 NYT SEMICONDUCTOR equipment makers will see their industry decline by more than a third this year, and will not surpass last year's sales levels until 2004, says
      NYT; FILE PHOTO  -  448 words
    • Article
      Lock icon More Japan chip makers opt for temp shutdowns
      453 16 TOKYO Fujitsu, NEC la test to do so, after Toshiba, Hitachi Bloomberg JAPAN'S big chip makers, confronted by one of the industry's worst slumps ever, are turning to a time-hon-oured means in Japanese manufacturing of paring output to match sagging demand: longer
      Bloomberg  -  453 words
    • Article
      Lock icon Comdisco files for bankruptcy protection
      311 16 CHICAGO Bloomberg COMDISCO Inc filed for Chapter 11 bankruptcy protection from creditors and agreed to sell its technologyservices business to HewlettPackard Co for US$6lO million. Comdisco said it will eliminate 200 jobs, representing less than 10 per cent of the Rosemont, Illinois-based company's workforce. The
      Bloomberg  -  311 words
    • Article
      Lock icon Alcatel plans to cut 300 jobs at British subsidiary
      94 16 PARIS AFP FRENCH telecoms equipment maker Alcatel announced on Monday that it would eliminate up to 300 jobs at its British subsidiary Alcatel UK. The group explained in a statement that it sought to reduce costs and "better focus the business
      AFP  -  94 words
  • Page 16 Advertisements
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      287 16 Nanyang Business School W \|*7 Nanyang Technological University BDg —z Nanyang-Sloan Executive Summit 2001 The Digital Challenge: Driving Change, Delivering Value 1 Don't miss this unique opportunity to hear world-renowned gurus and experts from the Nanyang Technological University and Massachusetts Institute of Technology and leading corporations. Hear P e *er
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      158 16 A.NI LxOBBINS "Unleash the power within*'weekeno 24th 27th August 2001, Singapore Expo, R»H 2 fThe world's No.l Success Coach, Anthony Robbins, will be here in Singapore to conduct an explosive "Unleash The Power Within" Seminar in August. He has coached more than 2,000,000 people including many leaders in the corporate
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  • FINANCE
    • Article
      Lock icon Futures hit by weak economic data
      264 17  -  ST Index/MSClS'pore Index C K Lau Refco Singapore WEAK economic data coupled with persistent US earnings worries continued to hit Singapore stocks yesterday. The benchmark Straits Times Index fell 21.78 points, or 1.31 per cent, to close at 1,638.78 with four counters moving up,
      264 words
    • Article
      Lock icon Futures close lower in mixed trading
      235 17  -  MS& Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks closed slightly lower yesterday, but stocks having large market capitalisation drew some interest. The MSCI Taiwan Stock Index shed 0.89 point, or 0.43 per cent, to end at 204.56. The index turnover was 622.98 million,
      235 words
    • Article
      Lock icon CURRENCY REPORT
      224 17 Reuters London The US dollar rose to oneweek highs against the euro, yen and Swiss franc yesterday after Argentina's government won opposition support for spending cuts, before paring gains in thin markets. Analysts said the Argentine plan supported the greenback, as emerging market woes had previously been forcing
      Reuters  -  224 words
    • Article, Illustration
      Lock icon Untitled
      1227 17 ntTERBAIIM CROSS BATES Jul 17 A$ CSNifcCfO Ffr Pn> HK$ lad Ks N»M> Yen Won Hi NZS Pah *s Peso S$RmK Sfr MT$ Baht Pond US$ Australia 0.778 4204 0.595 3.903 1.164 3.951 23.868 57.420 0.636 6.656 1.925 1.248 32.434 27.336 0.930 4.177 0.899 17.752 23.167 0263 0.507 Canada 1286
      1,227 words
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      413 17 Where to wine, dine and entertain...^ The perfect time to relax and unwind Happy Hour at the Garden Terrace poolside bar With our buy-one-get-onc-FREE* special from 5.30pm 7.30pm (Monday Friday), you'll want to raise your glass to our wide selection of concoctions. Better still, bring your colleagues and friends over
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      100 17 §o^\ ■H|S fl| J| A f* HI In July, Marina Bfcfto serve* up a specio) Rtce Fair wtlh three k»t and tasty homecooked favourites: Nasi lemak (coated wt#i Bovnafi Rice, end based an a genuine Peranakon reaped. Nasi Bnyani and fried Rice Served aver a bay of banana leaf, a
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  • WORLD news
    • Article
      Lock icon Tokyo admits risks in banking reforms
      548 17  -  But minister pledges bold emergency actions if bankruptcies surge From Anthony Rowley in Tokyo JAPAN'S Economics and Fiscal Affairs Minister Heizo Takenaka yesterday admitted that the government's plan to compel leading banks to write off their bad debts carries "risks" in terms of corporate
      548 words
    • Article
      Lock icon US industrial output falls for 9th straight month
      265 18 WASHINGTON Drop of 0.7% in Jane the largest since January Bloomberg US industrial production fell in June for the ninth straight month, a sign manufacturing has yet to dig out of its slump. The Federal Reserve's measure of work performed by factories,
      Bloomberg  -  265 words
    • Article
      Lock icon Philips in the red as sales slump
      481 18 EARNINGS WRAP It posts Q2 loss of 348 m euros, plans to axe up to 4,ooojobs at chips unit in H2 Bloomberg ROYAL Philips Electronics, Europe's largest consumerelectronics maker, reported a second-quarter loss of 348 million euros (*****.2 million), as customers bought fewer
      Bloomberg  -  481 words
    • Article
      Lock icon GM's Q2 profit plunges 74% to US$477m
      285 18 DETROIT Reuters GENERAL Motors Corp yesterday posted a 74 per cent drop in second quarter earnings to US$477 million, including a charge of US$l33 million, as lower US vehicle sales and losses from overseas operations took their toll on the world's largest carmaker.
      Reuters  -  285 words
    • Article
      Lock icon Merrill Lynch's Q2 profit down 41%
      147 18 NEW YORK Bloomberg MERRILL Lynch Co's earnings fell 41 per cent as revenue slid in investment banking, trading and asset management. The biggest brokerage said business is worsening in the third quarter. Merrill Lynch earned US$54l million, or 56 cents a share, down from
      Bloomberg  -  147 words
    • OTHER Results
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        Lock icon Pfizer Q2 earnings jump 30%
        45 18 Reuters [NEW YORK] Pfizer Inc yesterday reported a 30 per cent rise in second-quarter profits. Pfizer said it earned US$l.B9 billion, or 30 cents per share, in the second quarter, up from 23 cents per share in the year-earlier quarter.—Reuters
        Reuters  -  45 words
      • Article
        Lock icon J&J profit growth below expectations
        77 18 Reuters [NEW YORK] Johnson Johnson's second-quarter profits rose on strong sales of medical devices and prescription drugs, but fell short of several analysts' expectations that did not project the impact of J&J's recent merger with Alza Corp. J&J posted second-quarter earnings of US$l.4B billion, or
        Reuters  -  77 words
      • Article
        Lock icon Sharp fall in Coca-Cola results
        74 18 Dow Jones Newswires [ATLANTA] Coca-Cola Enterprises Inc, hurt by lower pricing, saw a sharp decline in its second-quarter earnings from operations and announced a shakeup that will lead to about 2,000j0b losses in North America. The results widely missed analysts' expectations. It posted second-quarter net
        Dow Jones Newswires  -  74 words
      • Article
        Lock icon Wells Fargo posts Q2 loss of US$87m
        74 18 AP [SAN FRANCISCO] Wells Fargo Co recorded a second-quarter loss of US$B7 million, due in large part to a write-down of its investments. The results fell short of expectations. For the three months ended June 30, Wells Fargo lost 5 cents per share,
        AP  -  74 words
      • Article
        Lock icon Schwab operating profit down 51%
        48 18 Bloomberg [SAN FRANCISCO] Charles Schwab Corp said second-quarter profit from operations fell 51 per cent to US$97 million, or 7 cents a share, as client trading declined. Schwab had second-quarter revenue of US$l.O7 billion, 24 per cent lower than in the year-earlier period.—Bloomberg
        Bloomberg  -  48 words
    • Article
      Lock icon UK watchdog may allow sale of covered warrants
      396 19 LONDON Report in Q3 to (ratline roles for sale to individual investors; the derivatives will probably be traded on the LSE Bloomberg UK regulators are considering permitting the sale of derivatives known as covered warrants to individual investors, expanding the US$79 billion
      Bloomberg  -  396 words
    • Article, Illustration
      Lock icon Argentina wins support of opposition governors
      352 19 BUENOS AIRES Country's economy strong enough to withstand crisis, says economist Bloomberg, Reuters ARGENTINA has reached an agreement with opposition governors to cut spending in exchange for the payment of debts owed to several states, government and opposition officials said. The governors were scheduled
      Bloomberg,; Reuters  -  352 words
    • Article
      Lock icon Private equities of Europe's top banks 'worryingly high'
      384 21 LONDON These investments may poll down their earnings, say Merrill Lynch analysts Bloomberg ÜBS AG, Deutsche Bank AG and Credit Suisse Group, three of Europe's biggest banks, have "worryingly high" private-equity investments that may pull down earnings, analysts at Merrill Lynch Co
      Bloomberg  -  384 words
    • Article
      Lock icon Labour MPs humiliate Tony Blair
      190 21 AP BRITISH Prime Minister Tony Blair suffered a humiliating defeat on Monday in the House of Commons at the hands of his own MPs who accused their leader of undermining the independence of Parliament. Labour lawmakers joined forces with opposition MPs to rebel against Mr
      AP  -  190 words
    • Article
      Lock icon Microsoft proposing new anti-trust talks: report
      273 21 NEW YORK Reuters SOFTWARE giant Microsoft Corp last week contacted US Justice Department chief Charles James to propose new settlement talks in its anti-trust suit, the Wall Street Journal reported on Monday. Citing people close to the case, the paper said that Microsoft contacted
      Reuters  -  273 words
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  • Article
    Lock icon COMMODITIES
    1933 18 SICOM FUTURES Juli7 RUBBER (futures dosing as at 5.30pw) RSS1 CONTRACTS cents/kg) Close Volume Open Month High Uw Sett (tonnes) Interest Aug 01 m.50 Sep 01 m.50 Oct 01 m.75 Nov 01 H2.75 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Sett (tonnes) Interest Aug 01 6150
    1,933 words
  • Page 18 Advertisements
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      120 18 Centre for Management Technology K hun our isih xrar Visit us at http://www.cmtevents.com StfAA+cfasitdCommodity Finance Highlights: A review of trade finance in Asia Banker's and trader's perspectives Key legal issues Transactions in emerging markets Supporting Publications Preferred commodities and risks C 1... n XTI rD The future for trade finance
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  • Article
    Lock icon STOCKS asia
    7196 19 HONG KONG Vol Jul 17 HKS COOO) AcrossAsia Multimedia 1.99 -0.01 1242 Alpha General 0.04 unch ***** Amoy Prop 8.85 -0.15 313 Ananda Wing On 0.17 0.*****970 Angang New Steel H 1.10 -0.08 ***** Anhui Conch H 1.69 -0.19 3798 Anhui Expressway M 1.27 -0.08 ***** Arcontech Corp
    7,196 words
  • Page 19 Advertisements
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      2648 19 NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I THE COMPANIES ACT, CARSO KAWACHI CORPORATION SINGAPORE PTE LTD (In Member)' Voluntary Liquidation) Al an Extraordinary (icncral Meeting of the abovementioned Company duly convened and held at 190 Middle Road#l 5-08 Famine Centre Singapore *****9 on 17 July
      2,648 words
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      Lock icon Page 19 Advertisements Column 2
      339 19 In the Matter of The Companies Act, Cap 50 And In the Matter of VIE MARKETING INDUSTRIAL SUPPLIES PTE. LTD. STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON Of ITS LIABILITIES I. CHUA SOON HOCK ol Blk 39 Upper Boon Keng Rood #19-2408 Singapore *****9, NRIC
      339 words
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  • BT golf
    • Article, Illustration
      Lock icon Another ace club from Titleist
      452 20  -  Its latest driver boasts new winning features By' Ven Sreenivasan MASSACHUSETTSbased golf products giant, Titleist, took the pro tour by storm about four years ago when it introduced its Titleist Titanium 975 D drivers. This driver has dominated the pro-golf landscape ever since its debut
      CHRIS LOH  -  452 words
    • Article
      Lock icon Winning letter
      384 20 The writer of this week's winning letter gets 16 Volkswagen golf balls I have been playing golf for three years now. I can tee off well and hit quite straight with my 3 and 5 woods. My driver can hit about 200 m, 3 wood about 170 m,
      384 words
    • Article
      Lock icon Buying new clubs? Why not trade in the old
      306 20  -  Pan West offers equipment trade-in scheme By Ven Sreenivasan ONE of the biggest headaches golfers face when thinking of upgrading to a newer set of equipment is trying to decide what to do with the "old" ones. Recognising this dilemma, Pan
      306 words
    • Article, Illustration
      Lock icon PRO TIPS
      193 20 In No 6 of the Pro Tips series, teaching and touring professional Unho Park talks about: THE FOLLOW-THROUGH MANY golfers underestimate the importance of the follow-through. It can control both distance and direction of shots, and the consistency of the follow-through is an asset. If you develop an
      PHOTOS BY RICHARD CHNG  -  193 words
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      85 20 There comes a time when you need to create more space for quality time. LJMF x e new Variant. mmik J| More space, flexibility, comfort, safety, efficiency and drive. Everything you need to make the most of life. It's time Available -n 1.6 Automatic C 5 DISTRIBUTOR: CAR CARS PTE
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      Lock icon Page 20 Advertisements Column 2
      9 20 BT Golf wou,d ,ike t0 invlte biztimes@asia 1 .com.sg
      9 words
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  • Page 21 Advertisements
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      41 21 If I V i 3 P j Go Global with the Right Connections CARfifl Reach your destination on I 1 a path called innovation. 11°] S(. :s ihi- I |J< .r.«r. ,md lir.cktimnl l;.inking .iim nt tlx sofil ll r,r\n<\ll GROUP
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      330 21 CRYPTIC CROSSWORD I I [2 I [3 I I 15 [6 [7 ACROSS small children (4) 1 Just a little matter, as Tom 5 There are sixteen of these cats Hi found out (5) in the pound (6) 3 4 Contest in which the winners 6 Bending elbow with boozer
      330 words
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  • Article
    Lock icon SGX clob
    2686 22 BONDS WARRANTS Jul 17 wt Mi nm/ i*mn ffm Lact M Dey LuNMt* Atf turn* Cmm Urn Mac 1Mb M# in Salt *m- (000) M# L— Bafv S*r Mn MUk frtt» WW S«*rk*2 Ml 39.5 29 s ASTIW*****1 30-5 -1.5 115 31.5 30.5 30.5 31.5 33 26.4 1
    2,686 words
  • Page 22 Advertisements
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      2246 22 SH MALLS LIMITED NOTICE OF PASSING OF EXTRAORDINARY RESOLUTIONS AT THE MEETING OF NOTEHOLDERS OF NOTES ISSUED UNDER THE *****,000,000 SECURED MEDIUM TERM NOTE PROGRAMME OF SH MALLS LIMITED Noteholders' Meeting held on S* July 2001 at 10.00 a.m. at 80 Raffles Place, #58-01 UOB Plaza 1, Singapore *****4 Reference
      2,246 words
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  • BIZ woman
    • Article
      Lock icon Fashion designers inspired by the exotic
      297 23 IHT [PARIS] LIKE the rest of us, fashion designers are thinking about vacation. The hot spots that inspired last week's haute couture shows were often distant and exotic, from Dior's gypsy tour of India, to Jean Paul Gaultier's exploration of China. Around-the-world-in-80-outfits was the
      IHT  -  297 words
  • Article
    Lock icon STOCKS sgx
    8440 23 '.1 v-.*i A'- una gMMMMP Gr Gr M MR S2-M Last Vol Day Last Quote Mf Otv YM Nat Cap Avg High Low Company Sate (HBO) Hfrfr Low fciyar Sa«ar Cw Wt Swt Prlca MULTI-INDUSTRY 143 35 c AcmaSOc 39.5 uoch 199 39.5 39 39 39.5 0.5 19.9
    8,440 words
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  • PERSONAL investment
    • Article, Illustration
      Lock icon Buyers and sellers out in force
      1036 24  -  INSIDE fnTTTC 75 El Insiders offload Flextech, Datacr&ft, Eastgate, Delgro in choppy market By Robert Halili The writer is the managing director of Asia Insider Ltd. He is assisted by Ngia Soon Chai in Singapore BAD local economic data coupled with good corporate earnings
      Source: Asia Insider  -  1,036 words
    • Article, Illustration
      Lock icon Emerging Asia faces bearish outlook
      751 24 ASiAONEnrrrrcrrra Jittery investors, currency weakness, bad debt burden will plague markets THE situation is worsening in several emerging Asian markets. With the exception of US-pegged Hong Kong and China, many countries continue to suffer from currency depreciation as well as declining share prices and rising
      AFP  -  751 words
    • Article
      Lock icon So much for conventional wisdom
      493 24  -  By Lim Chung Chun The writer is executive chairman and research director at Fundsupermart.com Pte Ltd INVESTORS who have seen various bull and bear market cycles, and who have pondered over changes in stock markets' sentiment and "conventional wisdom" will probably realise one thing: Conventional
      493 words
    • Article
      Lock icon Exempt all property from estate duties
      171 24  -  MAtLirm Sunder R Daswani Singapore I REFER to "Of death taxes" by Genevieve Cua (BT, Jun 20). It is somewhat of an anomaly in Singapore that estate duty is exempted for residential properties amounting to $9 million. The engine of growth of any economy,
      171 words
    • Article
      Lock icon How does MAS enforce rules on fund managers?
      107 24  -  Tang Sheng Lin Catherine Singapore I REFER to your article "MAS, CPF turn the heat on fund managers" by Genevieve Cua (BT, Jul 7). Your report has provided me, a layman, with a better idea of the hidden cost of investing in
      107 words
  • Page 24 Advertisements
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  • Page 25 Advertisements
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      58 25 BBBB(KlfP^£ M HB? 3|^H I ■psf 19 I sRSWJIIfeat,.- Terms and conditions apply Past performance is no indicator of future performance Although various risks can be managed, any investment carries with it the risk of loss. Access to information may be limited by factors outside our control Further information on
      58 words
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  • EXECUTIVE money
    • Article, Illustration
      Lock icon The truth about guarantees
      1516 26  -  YOUR MONEY In times of fear, investors will take cover in guaranteed funds; but are they really as good as they seem? In fact, net returns are low, and the chances of upside, slim genevieve cua Market volatility equals fear, equals capital guaranteed or protected fund.
      1,516 words
    • Article
      Lock icon Schroder pips UOBAM with $1.3b in unit trusts
      451 26  -  Insurance partnerships, capital protected funds give boost; institutional business up too By Genevieve Cua SCHRODER Investment Management has pipped UOB Asset Management to become the second largest unit trust manager here, thanks to distribution partnerships with insurance groups and the timely launch
      451 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      228 26 MAKE THE HEADLINES fat todqr'i fat-paced world, the right story released «t the ti|kt tiane CM nab a huge difference. I I Ail CoHWHMHfWiag effectively with the media is the key to getting your story right. This wodofcop, chaind of The Business Hues, k designed to your organisation benefit from
      228 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      301 27 Reuters THE Baltic Dry Index (BDI) dropped 23 points to 1,233, the Baltic Panamax Index (BPI) shed four to 1,268, the Baltic Handymax Index (BHI) fell 2 to 8,508 and the Baltic Capesize Index (BCI) was down 65 points to 1,485. TIME-CHARTER: ♦TBN 2000 ***** dwt dely Santa
      Reuters  -  301 words
    • Article
      Lock icon MARITIME STOCKS
      299 27 sex 'ooo ■tin ss ra CWT Distribution 0.50 -0.01 107 Chuan Hup 0.34 unch 280 Cosco Investment—0.22 unci) 61 Freight Links 0.08 unch 30 GB Holdings .0.51 unch 10 IMC Holdings-HK 5.60 unch 0 Jay* Holdings 0.16 unch 55 K*pp*iCorp 3.64 -0.02 1579 Keppel FELS 1.09 0.02 236
      299 words
    • Article, Illustration
      Lock icon Hutchison's major presence in China benefits PSA
      647 27  -  Guangzhou port partly picked PSA as partner because it didn't want dominant player From Audrey Tan in Guangzhou CHINA'S worry that Hongkong tycoon Li Ka Shing could be over-dominant in mainland ports may already have benefited Singapore's PSA Corporation. Huang Guo Sheng, director
      647 words
    • Article
      Lock icon S'pore ship collides with cargo vessel at Davao port
      213 27 AFP [DAVAO, Philippines] A Philippine cargo ship sank in a southern Philippine port yesterday after being hit by a larger Singaporean vessel which had mechanical problems, the coastguard said. The 8,533-tonne MV Pacific Eagle rammed the MV Dingalan Bay while docking
      AFP  -  213 words
    • Article
      Lock icon ICTSI sets up firm to handle overseas jobs
      159 27 [SINGAPORE] Philippine terminal operator International Container Terminal Services Inc (ICTSI) has announced it is setting up an international holding company to handle its overseas operations including bidding for new projects. The new entity is expected to perform the same function as ICTSI
      159 words
    • SHIPPING news
      • Article, Illustration
        Lock icon China set to be major driving force in shipping industry
        747 28  -  STRAIT TALK By Seafarer IT was a slow news week, at least for the shipping media, last week. Somebody at London shipping daily Lloyd's List, however, had a brilliant wheeze on how to fill up the front page. Most of
        FILE PHOTO  -  747 words
      • Article
        Lock icon Who should help protect mariners against pirates?
        313 28  -  MAILI SETHI Capt E Wong Singapore, via Internet I REFER to your report "Neutral-flagged patrols to deter pirates in Malacca Strait urged" by Beth Jinks (Shipping Times, July 6). There's a sense of deja vu in the move suggested by Petroships chairman Alan
        313 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      277 28 PAGE Ahrenkiel 10 Appenship S Assets 5 Austral 6 Avant 10 B'tanq Mas 6 BSA 7 BTL tO Balaji 4 Batamindo 9 Bayswater 10 CCHI 7 CMACGM 3 COSCO 3 tt Central Ex 6 Chahaya 10 China Shpg 5 Confer 10 Colony Log 5 Cougar 7 tt
      277 words
    • Article
      Lock icon SHIPPING GUIDE
      9816 34 THEBUSINESSTIMES Pages EXPORT WEDNESDAY, JULY 18, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 25/07 29/08 COSCO HUMEN BRIDGE 0019W 65-*****00 27/07 16/08 MOL PiO NED SANTIAGO 9101A 65 *****84 29/07 05/09 Setramar VILLE DE MIMOSA 386W
      9,816 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        771 37 Vessel Voy No Berth Arrival Departure Laut Wira 17 'j16 17/07/3:20 17/07/2300 C Progress 17/07 J09 17/07/7:45 17/07/16:00 Sinq IH tl 01-Jgl J08 17/07/8:15 18/07/17:00 Winstar 8 066S01 J03 17/07/7:35 17/07/2200 Bayswaterl18 MTT72 J02 17/07/8:30 17/07/1600 Blue Star 13 J02 17/07/905 17/07/2300 Tropical 288 In1408 J04 17/07/9:25 20/07/6J0
        771 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1983 37 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Ptriod From To From ACX MAGNOLIA 0396 17/23:00 8/800 8/859 8/800 U 8/1700 17/0659 17/0100 a 8/noo viwn n/owo 3 17/0700 17/T159 n/MOO ACI SWAN 45 W f7/23r00 8 8/B00 M/W59 8/800 2A 16/1700
        1,983 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        191 37 July 20 Japan: Marine Day July 21 Belgium: National Day Aopit 1 Switzerland: National Day An«ustß Singapore: National Day South Africa: National Women's Day Angust 12 Thailand: HM The Queen's Birthday August 15 South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption
        191 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        763 37 THIS report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description at the mar ket. Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        763 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        548 37 Carbon 180 Mai 990.5 02 15.6 0.06 31 0.04 JtfU Omit? Mk MsMm Ask MmMm Sadtaneat Noabove£25 0 0 1 0 0 0 TTJTT 380 Ave 964.7 02 142 0.06 22 0.02 380 Mm 9912 0.7 18.3 0.11 50 0.09 tUVi %M/M %lt/M WM won He
        548 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Cathay dispute spurs calls for Hong Kong to open skies
        530 38 CATHAY PILOTS' INDUSTRIAL ACTION Govt urged to re-evaluate its one route, one airline policy Reuters [HONG KONG] The bitter feud between Cathay Pacific Airways and its pilots has focused attention on Hong Kong's restrictive aviation regime, prompting calls for the
        Reuters; REUTERS  -  530 words
      • Article
        Lock icon Qantas, BA, KLM sued over DVT
        218 38 Aussie air safety authority also sued in 3 test cases over deep vein thrombosis Bloomberg [MELBOURNE] KLM Royal Dutch Airlines, Qantas Airways, British Airways and Australia's air safety regulator were sued in test cases over air travel-related deep vein thrombosis, lawyers said. The Supreme
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        Lock icon BA expected to launch £250m long-dated bond this week
        342 38 Reuters [LONDON] British Airways is expected to launch a longdated sterling bond later this week following the conclusion of investor presentations on Monday, bankers in London said. BA is expected to sell around £250 million (Ss64o million) of long-dated bonds via
        Reuters  -  342 words
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        Lock icon Concorde starts test flights
        78 38 [LONDON] Engineers working on a British Airways Concorde at Heathrow Airport, in London. A British Airways' Concorde took to the air yesterday, on a first test flight aimed at putting the supersonic plane back into passenger service after last year's crash. BA's Concorde chiefpilot Captain Mike
        AFP  -  78 words
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        Lock icon Malaysia Airlines may stop flying some domestic routes
        229 38 AFX [KUALA LUMPUR] Malaysian Airline System Bhd may discontinue some domestic routes in the process of rationalising its domestic operations, the Malaysian Business Times said, citing unnamed sources. One of the routes that could be discontinued is the Kuala Lumpur-Ipoh sector, they
        AFX  -  229 words
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        Lock icon EU may start probe into govt support for Sabena
        443 38 AFP [BRUSSELS] The European Commission could open as early as next week a state-aid investigation into the Belgian government's support for cash-strapped Sabena airlines, a commission spokesman said. It is considering the probe because of the changed relationship between Swissair Group,
        AFP; FILE PHOTO  -  443 words
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1789 38 Cin FLIGHT ET* FLIGHT ETC AdftaMc AN8229 2230 IH6380 2230 8MB 2230 Amsttrdam S023 0635 0*974 0130 KL837 1455 K1838 2255 mtt tm tgmmmtm ma tus mm S8347 cap am 2255 Auckland LH6987 1900 N2428S 2045 M223 1900 S0285 2045 S***** 1900 N***** 204S SO286 2045
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      301 27 Strait Talk: China set to be a main driving force in shipping industry Pg2 Mailing Pg2 Cathay dispute spurs calls for Hong Kong to open skim BackPg M Malaysia Alrllnss nay stop flying some domestic routes BackPg 25 September 2001 Westin Stamford Westin Plaza Hotel (Padang Room) Organised by: Advised
      301 words
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      150 27 Asia Pacific Maritime The Premier Maritime Event Worldwide Industry Recognition... V* v. yr 400 exhibiting companies from 40 countries I Alia Pacific -I maritime 2001 1 ;i 9 country groups including China, Germany, Italy, Netherlands, Norway, Singapore, South Korea, United Kingdom and the United States 13 International publications and 18
      150 words
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      714 28 I TO USA/CANADA ~l I EXPORT I I OTHER DESTINATIONS ypsa 1 VOY I fKC I ETA SMI I LONG BEACH DAiiAS~ HOUSTON MEMWS (HUGO WWTOUK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOCI NEW YOIIK 15E29 17/07 18/07 03/01 07/01 08/08 08/08 08/08 11/08 VESSEI VOY fK6 Htt WESTO MEL ADL
      714 words
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      713 28 Lines services represented by I ifs'flkMembers of the Registry of Members of the Accredited Shipping Agents, Jim* Sin 9°P° re Lo 9 isti Singapore Shipping Association Association LILY UNE MALI vessei Tvoy Tem Tew eta P. KLANG SPORE MALE Empress Lily VO6Ol 24/07 25/07 02/08 Princess lily VO6Ol 11/08 12/08
      713 words
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      1403 29 TO EUROPE FROM EUROPE Ivtssa VOT SIN RTM ANR HAM BRV SOU liH 11 VESSEL VOY RTM UK HIM UN SOU IB! SW I API JAM 104W 19/07 11/ OS 09/08 06/08 08/08 ATI SARDONYX 1021 01/07 28/06 29/06 26/06 20/07 MOL RHINE 541W 20/07 05/08 07/0S 10/08 11/08 HY
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      1899 29 TO ANN T/T: 10 DAYS ICMAN T/T: 12 DAYS I W AOABA T/T tIS DAYS J GENERAL AGENTS IN SINGAPORE 80 ROMNSON RD #12-00 SAUS/BXGS TEL *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TEL: 07-*****66 FAX: 07-*****70 COfTAD SHIPPING PTC LTD SINGAPORE *****8 OUTWARD (8/1) *****02 *****25/75 PORT KLANG 03-*****633
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      494 29 *0! JKT SUB antjAwm ioes toap v/n «/07 31/07 01/00 jjHjP lju jj/07 —Wi AO lIT 0441 21/07 25/07 27/07 KMTC PUSAN 1105 23/07 75/Q7 UM HYUNDAI SHUNTER 042S 77/07 M 707 HYUNDAI ma 03Q{ 72/07 74/07 3W s|^=|^g|^=|Bsi==j|siSßsl=^^^^^^^™ KMK HONGKOMG 110S 22/W 74/07 _MON_ H/07 JVO7 31/W D3/M 03/00
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      1275 30 C SENATOR LINES ID EUROPE TO MPPtI EAST/RAN/RBP SEA vtssa vot s« ta mi um ham oov fu vtssa roi m mi b w rauunuTM 0017w 10.07 27.07 nw 30.07 iur 01.00 02.00 aifaiahoi ooisw m.o/ 21.07 24.07 ito/ n.or TIAKTBIA 0004W 1107 04.0* 05.00 02.00 OXOO 0100 AIMOUI 001SW
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      814 30 u amMAC-hhs s'MftE mrem Carton MM UMIR ONES, MC p. gudang: <07)*****26 I-K-/V- J ORNOt 19BQBTMM00I S»U: (064)*****9 MAN&A: (632)*****24 UV N PENANG: (04) *****36 BANGKOK; (662) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JfCTi <21)*****6 KUCH64G (082) *****1-3 ADELAIDE BARCELONA/GENOA MV "OOCL ENVOY" V.095 MV "VILLE DE VENUS"
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      505 30 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO NHAVA SHEVA (CFS MULUND, MUMBAi) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vbs&nam! Ivor Is'PoxlcoioiMciN.swval connktmg Iconnktwg VSI-USA VSt-HKOPt MM 01IS 73 JUL 78 JUI 07 AUG MDAMEX lAJIV GANDHI WASHINGTON VII3I VSS BRAZIUAM EXPtESS 002W 30 JUI 04 AUG 08
      505 words
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      1460 31 I VESSEL VOY KHH HKG SIN I PKL DXB SAB DMM BIK "I 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 29/07 05/08 06/08 08/08 10/08 IRAN TABATABAEI PCL-218 31/07 01/08 04/08 05/08 12/08 13/08 15/08 17/08 IRAN KERMAN PCL-219 07/08
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      453 31 I Loading for 1 Zl YUN SHAN RDM/ATW/BMNAJK/LPL I NAZLIG RDM/ATW/BMNAJK/LPL I Loads Singapore, EJW. Malaysia, Indonesia J Loading for 1 KOUROS V I BALAJI VINTAGE JDH/AQA I RAINIER 081/ABU/DOH/BRN/DMM/KWT I PISCES EXPLORER JDH/AQA/DMT I AEGEAN SEA DBI/ABU/DOH/BRN/DMM/KWT I AL QAWIYYU JDH/AQA I •Loads Singapore, E./W. Malaysia. Indonesia J I
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      1388 31 HORMORS/ SMAINWUI/ WORG/ OWCOAO IANGKOK/MAf TA PHUT/LAEM CHAIANG VESSO VOY I SIN I HRKG I SNA I XGG I TAO VESSEL VOT SM jj, I WTf Lffl ITHA BHUM NOl7 23/07 21/07 31/07 03/0R 06/08 mL JITRAIHUM NOII M/ 07 04/01 07/00 10/08 13/06 WANH BHUM SS7N 21/07 25/07 *****~
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      658 32 i ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE |1 I VESSEL voy sin pir spe liH fxt I awk um a M —Ml —a —ta —m —p— 1 gar -m—-in- »g g —w —ftf— tko occepfing cargo fM lA SFtZIA To larcafeno, Wwoo, fos Sut Urn Unrne, Hapit, las Mrrm SoMb
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      514 32 If SINGAPORE PTE LTD 0? 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 PROUDLY INTRODUCING OUR NEW DIRECT SERVICES TO CHICAGO HOUSTON SEATTLE NO WEIGHT CONSTRAINT (RATIO 1 CBM: 1000 KGS)
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      467 32 INDONESIA NATIONAL LINE TO AUSTRALIA 1 FULL COOTAWiBf* SERVICE va wr wg aw at i stp m hoa ah. fre NTKPHDC 105 17/07 11/07 14/07 30/07 01/01 M/M pomadmm "iiT n/mti/m 03/ios/oo ot/S io/00~ MMH «T JO/07 31/07 06/00 12/08 14/00 ]7/« POnOAM IS M/ 0007/00 17/00 19/00 11/00 24/00
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      421 33 BSfl x %mm MYANMA pfittk FIVE STAR LINE vT (Myanmar National Line) Loading for Yongon VESSEL VOY SIN PKL PEN PGU MONG U 4SW SU> HPA-AN 269W SID MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL TEL 03-*****300 PKL HI 03-*****101 PEN: TEL 04-*****02 PGU: TIL 07-*****21/4 BANK LINE (A service of
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      1265 33 HMNE* HYUNDAIMERCHANTMARINE lvssa voy nn soulial mi ant haw |wv ivcsa voy sou ibi rtw |aw i haw itv HB"! API JADE 104W 19/07 06/01 06/08 11/08 09/06 ME V/E MOLRHBC 541W 20/07 10/06 11/06 05/06 07/06 APLMDONESIA 101W 22/07 13/06 11/06 09/06 242 J,/07 X HY GENERAL 332W 23/07
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      1041 33 vftv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA "CAR RORO HEAVYIIFT SERVICE" IVESStI VOY RAMP HEIGHT SIN UC MAO Ml* SAV I IM IWF I NYC NEW MOB TOURCOING AHHS 400T«w 6.3 M 29/07 03/09 06/09 08/09 10/09 11/09 13/09 17/09 19/09 TAPtOU AH! 16 400T«s 6.3 M 12/08 19/09
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      759 35 ■H lAL LOGISTICS (S) PTE LTD H3BHH|HH 80 Robinson Road #22-01 A Singapore *****8 BritlTWiiVi 11l Zlfl Tel: (65) 223 8380 Fax: (65) 223 8387 ASIA SASIA EXPRESS LINES I ll SINGAPORE AGENT: JARDINE UNER SUPPORT SERViaS VKSfI VOY SWGAfOtE PASW GUDAWG TOKT KHJWG PBWII6 MAIWIS JUUAOtPPIOOtff 07/01 02/00/2001 03/N/2001
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      277 35 \vmm ENG UEE SHIPPING CO PTE UDI I \k«A U *****2? (10 Umil FU: SX3MM/53M9M I I ail istaiiimn I VESSEL VOY SW ETA SIM ETO DESTINATION Swr Central 09/01 18/07 19/07 (WPeranng Ungui Joyo 06/01 18/07 19/07 PRW/PKB Dm Sin 22 07/01 20/07 21/07 Surafaoya/U Powkm Gando 2 04/01
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      606 36 Ivesse^^^VO^^Sl^^l3A^^Sl^^l CAPECHARLES 13N/01 19-19/07 23-28/07 I TIGER BRIDGE 904N 20-21/07 27-31/07 05-06/08 TIGER METRO 906N 21-22/07 27-30/07 04-04/08 I TIGER RHYTHM 907N 24-25/07 31-03/08 08-09/08 I MILDBURG 12N/01 29-30/07 04-07/08 12-12/08 I TIGER SPEED 909N 01-02/08 07-10/08 15-16/08 IVESSE^^^VO^^SIJ^^CA^^SIJ^I XPRESS SPORE 320 18-19/07 25-27/07 04-05/08 TIGER CREEK 481CNB 21-22/07 28-30/07
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      854 36 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesin@singnet.com.sg Introducing Valencia MEDITERRANEAN Istanbul BARCELONA DIRECT SERVICE ALEXANDRIA GENOA Booking 267# 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 PRQJECT SHIPMENT HEAVYUFT CARQQ (CONVENTIONAL A RORO) towwiM lim *****71, H/Pi *****977 Icwiiw.«Rßmin.coau*a LOGISTICS WAREHOUSING SERVICES
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      34 36 FIJES 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
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      1080 36 W I In I L 01 NO; **********0 C Website http://p<iii»ej.c<Mi #TV KIJ/ I I 111 r MAIN: TIL 02-221-1333 FAX: 02-221-5272 Mi* CUSTOMS SBMCE: TEL 02-221-5596 FAX: 02-*****90 SIMGAPOtE: TOWG XX) SMPHNG fTE UP fdfc Wtoy Ofr-awm GISENG ***** 11/07 GISENG ***** 18/07 GISWEE ***** 21/07 GISWEE ***** 21/07
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  • Page 37 Miscellaneous
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      127 37 9E -W 0 LEGEND: Issued by Meteorological Service Singapore K Thunderstorm q Temperature C,—/ Wind direction and speed in knots Ra,n Weather U Cloudy Day t><) Hazy Sea Conditions Wind speed symbols r~ 1 Slight <1 2m O Full circle w/o line indicates calm or light and variable winds |i
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