The Business Times, 25 July 2001

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Microfilm: NL23040
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: hup://h'jsiness-times.asial .com.sg/ SINGAPORE WEDNESDAY, JULY 25. 2001 85C
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  • Article
    Lock icon MARKET SUMMARY
    78 1 sn M 3&86 (+3.46) BT-SKI CZLS3 (-1.43) ST INDEX FUTUBES 1,63&00 (+14.00) 9MSCI FUTUBES isaio (+1.30) STOCK MAKKET INDICES Tuesday Change KLSE COMP ***** -0.74 NIKKEI 225 *****15 +273 62 HANG SENG 12,214.10 -22.35 SET INDEX 308.87 -471 JAKARTA COMP —457.92 -12J1 MANILA COMP _1,369.02 -Ml TAIPEI WPI
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  • Article
    Lock icon FINANCE
    79 1 FOREX RATES us* s$ ISS (SS per USS) L819 perlt) 1.417 i576 EURO(l*SS/SS/E) 0.870 1.582 DM 2.250 1.237 YEN 12« 68.40 RM 3.800 2.090 HKS 7.800 4289 BAHT 45.74 25.15 RLTIAH 9.800 5,389 •S$ to too unite PEME BATES SINGAPORE* 5.80 KUALA LTMPUR 7.67 JAKARTA -39.00 BANGKOK A50 MANILA
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  • Article
    Lock icon Latest data bring some cheer to chip industry
    441 1  -  US June chip equipment orders against shipments improves to 0.54 By David Boey [SINGAPORE] Figures just released by an influential industry association show the gloom may be lifting from the US computer chip-making sector, even if analysts are still hesitant to pronounce
    441 words
  • Article
    Lock icon US stock market bulls are riding for a fall: analysts
    1019 1  -  Sentiment is dangerously positive in face of bearish conditions, they say Prom Andrew Marks in New York THROUGHOUT the US stock market's relentless decline over the past 15 months, investors have remained remarkably bullish, despite huge losses suffered by those
    1,019 words
  • Article
    Lock icon Off-budget moves likely to focus on jobs
    617 1  -  Package expected to ease burden, since it's hard to revive external demand By Eugene Low [SINGAPORE] The government's offbudget measures, which will be announced in Parliament today, are likely to focus on saving jobs and worker training. The package is expected to include
    617 words
  • Article, Illustration
    Lock icon Set up bank to cater to SMEs: Feedback Unit
    377 1  -  New Economy poses major problem for many SMEs, it says By Eugene Low [SINGAPORE] The Feedback Unit has recommended that a bank for small and medium enterprises (SMEs) be set up to help improve small businesses' access to financing. The unit's
    377 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      144 1 PfSTOE Top stories Flow of CPF Special Account savings into investments slows. Next Page Sing Tel extends Optus offer period by a month. Pg 3 v < Keppel Corp shareholders vote for OCBC's KCH bid. Pg 5 US direct investments jump USs3.lb. Pg 6 Hock Lock Siew Good service redefined.
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      Lock icon Page 1 Advertisements Column 2
      61 1 Megawati likely to jk,, n_i.- M _Jtx Greenspan: pick independent 3XIOIICG P3yS Olf TOT j a Monetary professionals for 11PW ItIHoVI policy still economic portfolios lICwV lIIIIUII plColUClll works v JW 4 Next Page PaB6 si a e MOTOR! HC Performance Motors plans foray into Phuket HIH||9H ■HIHb I S^abl
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  • NEXT page
    • Article, Illustration
      Lock icon Professionals for Mega's economics team?
      858 2  -  Indon president will need to form close working relationship with new VP, who will be picked today Froiri Shoeb Kagda in Jakarta INDONESIA'S newly-appointed president, Megawati Sukarnoputri, will most likely pick independent professionals for key economic portfolios to convince the international community and financial markets
      FILE PHOTOS  -  858 words
    • Article
      Lock icon Flow of CPF SA savings into investments slows
      592 2  -  May, June account for only 20% of $2.6b invested in Ist half By Serena Ng [SINGAPORE] The amount of CPF Special Account savings flowing to investments has slowed down after a robust showing in the first four months. Latest CPF figures show
      592 words
    • ON THE grapevine
      • Article
        Lock icon The other side of Citibank
        57 2 CITIBANK'S contribution to the local economy is rather impressive, though probably not as well known as its attention-grabbing advertisements. Well, for the record, Citibank has Singapore's third-largest telecommunications bill, is one of the biggest tenants of commercial buildings (210 properties) and uses 26,000 hotel rooms
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      • Article
        Lock icon Frankfurt blues
        177 2 SEEMS that Frankfurt is still struggling with its image of being "difficult" for foreigners, an image that is a big drawback to its efforts to become a major financial centre. While the high salaries and jobs are attractive enough, it seems the wives and children are complaining, according
        177 words
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      Lock icon Page 2 Advertisements Column 1
      372 2 KPMGSeminarSeries Banking Laws and Regulations Thursday, 2 August 2001,9.00 am to 5.00pm Orchard Hotel Singapore What Compliance with banking laws and regulations should be a priority for all bank CEOs. With recent changes to various regulations, banks should ensure that their personnel understand the implications arising from these changes. It
      372 words
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      Lock icon Page 2 Advertisements Column 2
      17 2 Patience, reticence pay off for Megawati, Pg 10 Indonesia's impact on the region hardly over, Pg 18
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      211 3 1 Mature Fine Quality Rich in Character A Prestigious UK University Degree Following the success of our first vintage (General MBA), we celebrate with the launch of a brand new vintage: Financial MBA (January Intake) warded by The University of Nottingham J Top 10 Premier League University in the UK
      211 words
  • SINGAPORE companies
    • Article
      Lock icon SingTel extends Optus offer period by a month
      368 3  -  Second extension to Sept 3 comes as it awaits Aussie review board approval By Teh Hooi Ling SINGAPORE Telecommunications is extending, for a second time, the offer period for its takeover bid for Cable Wireless Optus as it has yet to receive
      368 words
    • Article
      Lock icon SGX kills Ho Wah's toll road deal
      359 3  -  By Conrad Raj THE Singapore Exchange has in a rare move rejected an application by a listed company to make an acquisition. Ho Wah Genting International said yesterday that the exchange had rejected the listing of its new shares to be issued in
      359 words
    • Article
      Lock icon What One.Tel creditors may get back
      179 3 Bloomberg [SYDNEY] Creditors of the collapsed Australian telco One.Tel including Singapore Telecom takeover target Cable Wireless Optus may get back between a fifth and a half of what they are owed, after they voted yesterday to wind up the company. But other shareholders including
      Bloomberg  -  179 words
    • Article
      Lock icon Keppel Corp shareholders vote for OCBC's KCH bid
      587 5  -  With 43% in the bag, OCBC only needs 8% to clinch takeover By Conrad Raj KEPPEL Corporation (KepCorp) shareholders yesterday voted to accept OCBC Bank's latest offer to buy its stake in its financial arm, Keppel Capital Holdings (KCH). Following the vote,
      587 words
    • COMPANY Briefs
      • Article
        Lock icon SembCorp Marine interim net falls 6%
        66 5 SEMBCORP Marine has reported a 6.6 per cent drop in net profit to $39.2 million on turnover of $373.4 million for the six months ended June. Earnings per share slipped to 2.8 cents from 3 cents previously. Net tangible assets per share rose to
        66 words
      • Article
        Lock icon Central Prop posts flat earnings
        71 5 HOTELIER Khoo Teck Puat's Central Properties yesterday reported flat interim net profit of $15 million on revenue of $20.1 million. Earnings per share for the six months ended June were unchanged at 50 cents. Net tangible assets per share rose to $9.04 from $8.77. Turnover
        71 words
      • Article
        Lock icon Qian Hu profit slips as revenue rises
        78 5 FISH farmer Qian Hu Corp's interim net profit fell 10.3 per cent to $1.6 million despite a 16.7 per cent rise in turnover to $19.9 million. Earnings per share declined to 1.92 cents from 2.53 cents previously. Net tangible assets per share rose
        78 words
      • Article
        Lock icon Startech placement shares taken up
        55 5 STARTECH Electronics said the 11.7 million placement shares of its initial public offer have been fUlly subscribed. It offered 13 million new shares at 32 cents each. Of the 11.7 million placement shares, 1.3 million are reserved shares. Applications for the public offer tranche of
        55 words
    • Article
      Lock icon Good service redefined
      610 5  -  HOCKlffiPWEW r sivanithy WHEN defining customer service in the banking and finance business, is it enough to point to quantitative performance improvements such as more ATM machines and shorter queues? Or should finance professionals go further in their quest to win over consumers? Undeniably, advances in quantitative
      610 words
    • Article
      Lock icon DBS shares fall sharply on disappointing H1 results
      493 5  -  Price weakening may have implications on its decision whether or not to raise OUB bid By I Siow Li Sen THE shares of DBS Group Holdings fell sharply yesterday following Monday's release of disappointing interim results with further weakening of the share
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      559 4 Theoretical values before Dec 31,'98 Stocks Volume FuYuMfglOc 17,280,000 Flextech 15c 12,311,000 SingTel 15c 11,807,000 Goldtron 5c 10,863,000 L&M 50c 7,712,000 Kian Ann 20c 7,403,000 Tianjin Zhong 5,611,000 People's Food HGK 50c 5,234,000 WahShing HKlc 5,122,000 Fischer 15c 5,055,000 Stock* OUB 40,344,200 DBSGrp 39,729,100 SingTel 15c 21,001,240 Datacraft 10c 20,032,215
      559 words
    • Article, Illustration
      Lock icon Market shakes off paralysis but trading still quiet
      591 4  -  I '-l I comment STOCKS r. sivanithy THE local stock market finally showed signs of shaking off its recent paralysis yesterday. A rebound in Japan, expectations that the government would announce off-Budget measures in Parliament today, and late short-covering helped the Straits
      591 words
    • Article, Illustration
      Lock icon Greenback emerges intact against major currencies
      617 4  -  CURRENCIES Bnt short-term Indon euphoria saw rupiah continuing to rebonnd larry wee THE US dollar emerged largely intact after important supports were challenged over the last week, but short-term euphoria associated with Indonesia's leadership change opens up a possible spike towards better levels of
      Source: Reuters  -  617 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2683 4 UNIT TRUSTS FUNDS cmg fsgioiooGr f«j/** i.oso i.ios CMG First SGlo Bat Fd/& 0.660 0.695 CMG First State AP Gr Fd!** 0.640 0.675 Aberdeen Asset Mgt Asia Ltd I r nltS nSn CMG F S Internet Com Fd 0.360 0.380 Aberdeen Select Portfolio: CMG First SR China Fd!** 0.640 0.675
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      Lock icon Page 5 Advertisements Column 1
      83 5 i > "%|#^.Jff Siftfe ®tm HI kyi I iTi I »\fl| I jHP\ g>^^V 1 r H'- IF-ilc P^Sn^^^fca I Wrr pp^^ V CaoeLand 1 wwwiaume-et-mercier.com v' ?;IV. < ,<» *T 'i"™ s»3€* w«\,. <s -**>■♦».#?*& < CHW GHEONG WATCH CENTRE CORTINA WATCH CENTRE DELUXE EASTERN WATCH DICKSON WATCH JEWELLERY
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  • SINGAPORE news
    • Article, Illustration
      Lock icon June job ad volume falls 45%
      250 6/7  -  Melissa Sim THERE was a significant decline in demand for manpower in June, going by the volume of job advertisements in newspapers. The volume of recruitment ads was 45 per cent lower than in June 2000, following a similar year-on-year dip in May. According
      Source: SPH  -  250 words
    • Article
      Lock icon US direct investments jump US$3.1b
      550 6/7  -  Rise last year brought cumulative figure in Singapore to USs23.3b Chuang Peck Ming TOTAL US direct investments in Singapore jumped US$3.l billion last year, thanks to strong earnings by American multinational corporations here. The sum including investments in non-manufactur-ing sectors was one of the largest
      550 words
    • Article
      Lock icon Awards for retail industry
      143 6/7 THE Singapore Retailers Association (SRA) will for the first time honour one outstanding local retailer as its Retail Executive of the Year at the second annual SRA Awards Scholarships in October. The award will be presented to "an exemplary leader who is success-oriented", said SRA Awards
      143 words
    • Article, Illustration
      Lock icon NTUC co-ops unveil $6.4m package to help workers
      495 6/7  -  Relief for month of August will be reviewed and could be extended Rachel Ong THE National Trades Union Congress family of co-opera-tives yesterday announced a $6.4 million National Day package to help tide workers over the economic downturn. The package is for
      FILE PHOTO  -  495 words
    • Article, Illustration
      Lock icon JLL bags job to market HDB Centre
      428 6/7  -  Kalpana Rashiwala JONES Lang LaSalle, which has just bagged the job of marketing the HDB Centre in Bukit Merah, says the property will appeal to potential users such as tertiary institutions keen on setting up campuses, given its massive 758,855 sq ft of
      FILE PHOTO  -  428 words
    • Article
      Lock icon NUS institute to partner logistics firms
      257 6/7  -  Liew Hanging A NEWLY opened Logistics Institute will join forces with major logistics companies in the region to offer its students operational experience while they pursue graduate studies. The Logistics Institute Asia-Pacific (TLI-AP) at the National University of Singapore has forged alliances with several
      257 words
    • Article
      Lock icon StarHub: free 12 seconds' IDD calls
      229 6/7 STARHUB'S IDD 008 customers no longer have to pay for overseas calls that last 12 seconds or less. But if calls last more than 12 seconds, customers will be charged for the full duration. The no-charge scheme, which started yesterday, will come in handy
      229 words
    • Article, Illustration
      Lock icon Still room to trim forex risks: MAS
      652 6/7  -  Players aware of settlement issues but underestimate risk values: survey Hy Larry Wee A SURVEY has found that top foreign exchange players in Singapore are generally aware of the issues and risks associated with the settlement of forex transactions, but there is much
      652 words
    • Article
      Lock icon 'Cooling off' period won't serve any useful purpose
      447 6/7  -  Wen Yixiang Singapore I REFER to your Hock Lock Siew column, "Allow 'cooling off period for fund launches" by Genevieve Cua (BT, July 21). While the "cooling off period does offer some kind of recourse to investors who have invested in something
      447 words
    • Article, Illustration
      Lock icon Ossia's Goh brothers take up Harvey Norman offer
      488 6/7  -  They sell 60% of their stake in listed Australian sports retailer Rebel /•Yom Surinder Singh in Sydney SINGAPORE'S Goh brothers, who are behind the Ossia group and the World of Sports chain, have agreed to sell 60 per cent of their stake
      FILE PHOTO  -  488 words
    • Article
      Lock icon Directors, don't forget friendly ties
      180 6/7  -  Denis Distant Singapore MICHAEL Fam chaired SlA's annual general meeting on July 14 for the last time as he stepped down as a director, after 29 years on the airline's board. The attendance at that meeting, I reckon, was the biggest at any SIA shareholders'
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    • Article
      Lock icon DBS Net banking is safe and secure
      295 6/7  -  Sherman Tan Managing Director, A.'business (iroup. DBS Hank I THANK Ms Alison Cousland for her letter. "Why set a Net cap. DBS" (Mailbag. July 23). Her view is timely, as we have been monitoring customers' online usage of the interbank fund transfer service
      295 words
    • Article
      Lock icon Please speed up MRT, LRT construction in Sengkang
      191 6/7  -  Lee Pei Sze Singapore 1 REFER to your article "Govt to open routes only ifSBS, Tibs can't cope" by Christopher Tan (BT, .Inly 12). I live in Sengkang and have to rely on public buses. I have tolerated the services offered in
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  • Page 6/7 Advertisements
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      Lock icon Page 6/7 Advertisements Column 1
      238 6/7 (Z) Lexus 1 SC43O All Lenus automobiles from Borneo Motori come with a 3-year or 100,000 km (whichever comes first) manufacturer's warranty. Relentless Pursuit Of Perfection You thought tliat nothing could equal that incredible high. But take control of the Lexus SC43O s 4.3-litre, JHjlihp V 8 powerplant with VVT-i
      238 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon A day when HK united with China
      769 8  -  THEHH| KESSuIQiiS OPINION audrey tan The writer is BT's correspondent in Hong Kong APPLE Daily, long known for its antagonism towards Beijing, declared in its headline last Saturday: "We have won!" Other Hong Kong papers were more circumspect but the same note of
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    • Article
      Lock icon IN OTHER WORDS
      83 8 We've gone from dotcoms to palm readers.' Steve Schefsky who owns property in what was once called Multimedia Gulch in San Francisco, after letting to a psychic after the previous tenant, an Internet company, left. If the Bush administration does not support the protocol, how would it
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    • Article
      Lock icon Restoring meaning to G-8 summits
      672 8 EDITORIAL THE Group of Eight (G-8) summit in Genoa last weekend could —and certainly should —mark a turning point in the history of these events. These talks have ceased to function as a mechanism for real dialogue among world leaders. Thus the threatened global recession
      672 words
    • Article, Illustration
      Lock icon Time for undertakings on local bank mergers
      1427 8  -  MAS should insist on assurances as to charges, rates and service from the proposed bidders as conditions for approval By Wan Kwong Weng The writer is a lawyer with Baker McKenzie, Wong Leow. The views expressed here are entirely his own and do
      FILE PHOTO  -  1,427 words
    • Article
      Lock icon MAD isn't crazy or outdated
      791 8  -  COMMENTARY The Bnshies have yet to give solid reasons for their missile defence shield By Thomas L Friedman The writer is a New York Times columnist NYT I SURE welcome the news that the Bush team will open missile talks with Russia, because it might
      NYT  -  791 words
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      2638 9 NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of INFORMATICS HOLDINGS LTD will be held at Hotel Phoenix, Sunflower Room, Basement Level, 277 Orchard Road, Singapore *****8 on Friday, 17 August 2001 at 10.00 a.m. to transact the following business:ORDINARY BUSINESS 1. To receive the audited financial statements
      2,638 words
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      824 9 CENTRAL PROPERTIES LIMITED AND ITS SUBSIDIARIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUPITEP RESULTS FOR THE SIX MONTHS ENPEP 30 JUNE 20Q1 1. Unaudited Profit and Loss Accounts The Group The Company 2001 2000 Change 2001 2000 Change Ss'ooo Ss'ooo Ss'ooo Ss'ooo Revenue Investment income 13,388 11,529 +16.1
      824 words
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  • FOCUS indonesia
    • Article, Illustration
      Lock icon Patience, reticence pay off for Megawati
      1279 10 Megawati Sukarnoputri is living proof that slow and steady wins the race. Biding her time, she allowed the Indonesian groundswell to sweep her into the nation's highest office. NYT WHEN she was still something of a neophyte six years ago, Megawati Sukarnoputri spoke with
      NYT; FILE PHOTO; REUTERS,AFP  -  1,279 words
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  • BIZ woman
    • Article
      Lock icon Grand lady of American literature
      455 11  -  UMTON WEEKS pays tribute to Eudora Welty, one of America's finest Southern writers, who died on Monday LINTON WEEKS LAT-WP [WASHINGTON] EUDORA Welty died on Monday. She was one of the finest Southern writers of the 20th century. She could be as obscure as William
      LAT-WP  -  455 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      112 11 mh j W* I v Miff I« Around the world. Or just around the corner. Count on us to be there. Simply because, we've got the world covered. After all, with 152,500 delivery vehicles and more than 600 planes serving over 7.9 million customers worldwide daily, it's no wonder we're
      112 words
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      Lock icon Page 11 Advertisements Column 2
      713 11 BUKIT SEMBAWANG ESTATES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-fifth Annual General Meeting of the Company will be held at 65 Chulia Street. #50-00. OCBC Centre. Singapore *****3, on Friday. 17 August 2001 at 12 noon for the
      713 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      199 11 CBTPTIC CROSSWORD 6No end of such a hint? (3,3) 5 Elements of bureaucracy ■HZjIIKZJHZZ]||||K 9 Handbook not supplied auto- switched and slowly reduced [9J J j j i j 10 Draw in garment (8) 6 Point about extremely unusual 12 Sham RAF officer pockets re- 8 Novelist playing some cricket
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      26 12 11 11 ■WfWTivi v i lmm» MjiM^HpnK^^LJ^MHH > w™ > i *p 1 I r s.s-#*%*Jjjl nil SM Motors 249 Alexandra Road Singapore *****5 Tel: 473 1488 www.volvocars.com.sg
      26 words
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  • BT motoring
    • Article, Illustration
      Lock icon Performance Motors plans foray into Phuket
      474 13  -  BTiaimmwj BMW agent aims to set up dealership on resort island, seen as a stepping stone into Thailand, reports CHRISTOPHER TAN CHRISTOPHER TAN BMW agent Performance Motors is looking to set up a dealership on the Thai resort island of Phuket a move that
      474 words
    • Article
      Lock icon Greys capture 22% of Merc market in H1
      384 13  -  Parallel imports account for 540 of 2,446 registered By Christopher Tan PARALLEL importers garnered a whopping 22 per cent of the Mercedes-Benz car market here in the first half the biggest slice of the pie since the market was liberalised in the
      384 words
    • Article
      Lock icon Saab set for a dramatic revamp
      426 13  -  It will roll out 11 new models between now and 2008 Reports by Kannan Chandran in Trollkattariy Sweden THE Saab 9-5 may have undergone conservative changes but its Swedish maker has big plans for a dramatic makeover to expand from the current two-model range.
      426 words
    • Article, Illustration
      Lock icon Facelift involved a thousand changes
      237 13 SURPRISINGLY, for a car that looks pretty much like its predecessor, 1,265 changes were actually made to the Saab 9-5 facelift. Of these, the major ones were the introduction of a bi-xenon lighting system offering 60 per cent better illumination; a new five-speed automatic gearbox
      237 words
    • BUMPER to BUMPER
      • Article
        Lock icon Rover MGs for UK motorway police
        93 13 MG ROVER Group has supplied four MG ZS cars to the UK's Central Motorway Police Group, which will use the sporty cars to deter speedsters on local motorways. The MGs, which will carry police badges, will be parked on key patrol access slips and
        93 words
      • Article, Illustration
        Lock icon VW launches Internet-ready Golf
        69 13 VOLKSWAGEN has launched its "eGeneration", Internet-linked Golf in Germany. The car is equipped with a HP Jornada 548 personal digital assistant (PDA) housed in a specially-designed holder that is linked to a Nokia 6210 mobile phone with hands-free set. The PDA's large touch screen can also
        69 words
      • Article
        Lock icon Fuel-cell cars face delays
        214 13 MOTOR and fuel industry executives had originally envisaged mass production of fuel cell vehicles within the next three to four years, but doubts are now emerging that they will be available before the second half of the decade, according to a Financial Times report. "The timelines
        214 words
      • Article
        Lock icon FPD Savills rides on London cabs
        91 13  -  Compiled by Christopher Tan FIVE London Cabs adorned with the FPDSavills logo were recently launched with a staff cocktail function at the Senso Restaurant in Club Street. Sporting the slogan "Solutions —not just property", the cabs are part of a marketing drive following the
        91 words
  • Page 13 Advertisements
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      64 13 A HUGE OFFER. A TINY PRICE. QPFL The luxuriously spacious Opel Omega 2.2. Now at a price you won't believe. But this offer's valid for a limited period only. So hurry, visit our showroom for a test drive today. 16V DOHC ECOTEC 4 airbags Active seat belt system Cruise control
      64 words
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  • FORMULA ONE
    • Article
      Lock icon Life in the fast lane
      464 14 Source: McLaren IF there is something else about Formula One that's as fascinating as the speed of the cars and the skill of the drivers, it'd have to be the mind-boggling facts and figures that reside in the background of each race. Here are some
      Source: McLaren  -  464 words
    • Article, Illustration
      Lock icon Merc's formula for growing young
      463 14  -  The Sports Coupe is the closest you can get to a Mercedes-McLaren for under $150,000. CHRISTOPHER TAN reports on its quiet debut CHRISTOPHER TAN rOST motorists here would have missed the weekend launch of the Mercedes-Benz Sports Coupe the marque's I first liftback model in
      463 words
  • Page 14 Advertisements
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      131 14 with A Mercedes-Benz Mercedes-Benz is a trademark of DaimlerChrysler. ly| Longing. The New C-Class Sports Coupe. Let your feelings go. How wonderful it is to dream. Of butterflies in your stomach. Of the pure corner to life. Of the commanding power The new C-Class Sports Coup 6. Bring V^/ capturing
      131 words
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  • e-NEWS
    • Article
      Lock icon AT&T earnings plunge 91% in Q2
      461 15 NEW YORK Low call rates lead to profit falls for fonr quarters in a row Bloomberg AT&T CORP. the biggest US long-distance phone and cable TV company, said second quarter profit from continuing operations plummeted 91 per cent after some calling prices fell as
      Bloomberg  -  461 words
    • Article
      Lock icon Computer Associates posts Q1 loss
      213 15 ISLANDIA, New York Bloomberg COMPUTER Associates International, which is involved in a proxy battle with billionaire Sam Wyly, reported a fiscal first quarter loss after it changed the way it books sales. The developer of software for mainframe computers, wireless devices and Web commerce had
      Bloomberg  -  213 words
    • Article
      Lock icon Amazon's Q2 net loss narrows, beating forecasts
      244 15 SEATTLE AP AMAZON.COM's secondquarter net loss narrowed, beating Wall Street's expectations, as the online retailer announced a partnership with America Online and said it remained on track to record "pro forma" operating profitability by the fourth quarter. But the company warned that its
      AP  -  244 words
  • Page 15 Advertisements
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      353 15 19-21 September 2001 Exnlore fcn r IVI v Singapore International Convention and Exhibition Centre New Frontiers •y -i at 11 i J- I It t Asia Pacific S Asia 2001 Bio Medical Sciences in the Post Genomic Era Challenges and Opportunities Premier RinMPflml for Poster Sessions l/l Vlilvm VUI V?
      353 words
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  • FINANCE
    • Article
      Lock icon Futures ride on regional gains
      266 16  -  ST Index/MSdSTpore Index C K Lau Refco Singapore HOPES the government will unveil generous off-Budget measures today helped the share market reverse its early losses and end in positive territory yesterday. The Straits Times Index gained 3.46 points or 0.21 per cent to close at
      266 words
    • Article
      Lock icon Taiwan futures continue to slide
      227 16  -  MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks slid on concerns companies' earnings would fall. The MSCI Taiwan Stock Index fell 5.2 points or 2.69 per cent yesterday to close at 188.22 points. Turnover amounted to 550.87 million with 8 counters rising, 51 falling
      227 words
    • Article
      Lock icon CURRENCY REPORT
      221 16 London Reuters The dollar eased a quarter per cent against the yen and the euro yesterday, paring the previous day's sharp gains, as caution set in ahead of Federal Reserve Chairman Alan Greenspan's testimony before the Senate. The US currency leapt more than one yen on Monday its
      Reuters  -  221 words
    • Article, Illustration
      Lock icon Untitled
      1241 16 WMEWMttt i»—ni!'iiwww»r«w n »'i ww—iii •atsmamm^ammitumstm.'m-r^y^ IMTBRBAME CROSS RATES jui24 AS CS tab Bw Ftr Pi HKS UK K» —p»H Van Won H H2$Pafc»s Peso S$ land Sfr MT$ BaM Po«d US$ Australia 0.783 4.213 0.584 3.830 1.142 3.960 23.923 49.750 0.631 6.648 1929 1240 32.479 27.195 0.923 4.160 0.879
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      45 16 f\Jx IS 1 K "11 N M ROTHSCHILD SONS ovtr 200 ytart of banking \yiii nJ \VII V S Tel: 65-535 9677 65-535 9100 V 1 Fax: 65-535 8713 r* n a I m O j Email: trcasury@rothschild.com.sg Call Rothschild Ireasuiy services today. Website: www.nmrothschild.com.sg
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      Lock icon KL probes former M'sia Airlines management
      528 16  -  Dr M says if a criminal act is uncovered, action will be taken Frorr, Eddie Toh in Kuala Lumpur AS a probe gets under way, the Malaysian government indicated yesterday that action will be taken if any criminal act is uncovered in its controversial
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      Lock icon MMC calls off Tanjung Pelepas port deal
      268 16 KUALA LUMPUR IN a surprise development, Malaysia Mining Corporation (MMC) has called off the deal to acquire a majority stake in the Port of Tanjung Pelepas in Johor. On behalf of MMC, ArabMalaysian Merchant Bank said yesterday certain conditions are not likely to
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      Lock icon UEM share price records hefty jump upon requotation
      527 16  -  From Eddie Toh in Kuala Lumpur THE bid by the investment arm of the Malaysian government for United Engineers Malaysia remained intact despite the hefty jump in UEM's share price yesterday. UEM rose 60 sen to RM4.16 when it was requoted yesterday
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      Lock icon Indonesia's impact on the region is hardly over
      777 18  -  ASEAN Painful reverberations will still be felt in the days to come yang razali kassim WAS IT sheer coincidence or was it perfect timing? If Indonesia's elite were planning to grab global attention for the dramatic change in leadership over the past
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      Lock icon China to tighten control on forex dealings
      430 19 BEIJING Aim is to curb capital flight that conld undermine yuan's stability: official Reuters CHINA will tighten controls over foreign exchange dealings to curb capital flight that could undermine the stability of its currency, the Financial News reported yesterday. The authorities would "study,
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      Lock icon Taiwan think-tank halves GDP forecast
      200 19 TAIPEI Bloomberg THE Taiwan Institute of Economic Research, a private think-tank, cut its economic growth forecast for this year by more than half because exports are falling and record unemployment means people are spending less. Taiwan's economy wUI grow 2.1 per cent this year, the
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      Lock icon Markets not impressed by Arroyo's reform promises
      348 19  -  Stocks hit 9-month low and peso slumps tos3£stoUSs From, Al Labita in Manila PHILIPPINE markets yesterday headed precipitously south as President Gloria Arroyo's state-of-the-nation address on Monday failed to lift sentiments and rally support for her wide-ranging economic reform measures. Foreign funds, sceptical
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      171 17 With Star Hub IDD 008, you don't pay for international calls made under 12 seconds. So if you dial a wrong number or get an answering or fax machine, or don't get to speak to the other person, your call will not be y? jp[ f charged. So dial Star
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  • Article
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    1883 18 SICOM FUTURES M24 RUBBER (futures closinq as <t 5.30pm) RSS1 CONTRACTUS cents/kg) Owe Vofcwe Open Month Ittgfc Low S«tt (tonnes) Interest Aug 01 109.00 Sep 01 W9.00 Oct 01 H0.50 Nov 01 1H-50 RSS 3 CONTRACT (US certs/kg) Volume _0p« Month High Low Sett (tonws) Merest Aug 01 59.00
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      217 18 /j||teanßooms Asia/DataStor Asia 2001 yjK City Convention Centre, mmhe Westin Hotels Singapore Lg Attend the only event that addresses the most up-to-date information on contamination pf control and data storage technology! Connect with leading experts to get practical Mr- information! Remain at the forefront of your own industry by leveraging
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    7091 19 HONG KONG GlobalTech 4.00 unch 0 Vol Golden Dragon 0.95 unch 56 Jul 24 HK$ COOO) Goldwiz Hoidmqs 0.80 -0.08 3334 Great Eagle 10.45 -0.05 268 AcrossAsia Multimedia 2.03 -0.03 232 Great Wall Cyber -0.15 unch 452 Alpha General 0.04 unch 5010 Guangdong Brewery 0.40 0.01 172 AmoyProp
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      130 19 Where to wine, dine and entertain..." bilernalionaT tatheworld 290 4545 The perfect time to relax and unwind Happy Hour at the Garden Terrace poolside bar II With our buy-one-get-on«-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
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      87 19 In case you didn't know, crocodile meat is actually highly nutritious. Our chefs' six special preparations include double-boiled with TianMaeh; stewed with garlic and mushrooms; stirfried with asparagus and lily bulb and more. Price ranges from $18 to $28 per order. Available throughout July during lunch and dinner. For reservations,
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      112 19 218 Queen Street, Singapore *****9 mfiSFQSSV Tel: *****22 Fax: (65) *****33 Website: http://webpro.com.au/oxford/ g t "1212' UIHC4I PJtOmOTION (From 12 noon 2.30pm daily) Come and try our value for money "1212" lunch 1 promotion bring at least one friend to enjoy the following special prices and discount 1 Ist order
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      80 19 Buffet High Tea Buffet Lunch Evei > Saturday. Sunday Dinner MontoFri and Publ.c Holidays Nigh y 11 .30 am -2 pm Aduh'"sl3Jt"* P m P" 1 Aduk: $14Jf" Child iWo»6yM $8i»"- Adult: $16JW" Child. beto» 10 yts>: Trat Kcs (q le imt Child (beta* 10 >n>; $10.00 fatoanies. $12.00* Tim
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      109 19 J H K i'J In July, Monna Bistro serves up a special Rtce fair wHk three fast and tasty homecooked favourites. Nasi lemak (cooked w»#i Basmatt Rice, and based on a genuine Peranokon reap*!}. Nasi Brtyani ond Fried Rk*. Served ewer a tray at banana leaf, ail three ore avotbWe
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      255 20 25 juiy 2001 E&E3I Capital Holdings Dear Valued Customer You are probably aware by now of the general offer by Oversea-Chinese Banking Corporation Limited ("OCBC Bank") for Keppel Capital Holdings Limited ("KCH"),. the listed holding company that owns Keppel Tat Lee Bank, Keppel Tat Lee Finance and Keppel Securities. On
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  • WORLD news
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      Lock icon Lucent loses US$1.89b in Q3
      520 21 EARNINGS WRAP It plans to cut workforce farther in bid to return to profitability Reuters [MURRAY HILL, New Jersey] Struggling telecommunications equipment giant Lucent Technologies Inc yesterday posted a third-quarter loss and said it would cut its work force by another 15,000 to 20,000 jobs
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    • Article
      Lock icon Higher oil and gas prices lift Exxon Mobil's Q2 profit
      267 21 NEW YORK Reuters EXXON Mobil Corp, the No 1 US oil company, yesterday posted higher second quarter earnings, excluding special items, thanks to lofty crude oil and natural gas prices and robust profits from its refining business. Exxon Mobil said
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    • OTHER Results
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        Lock icon Colgate Q2 earnings up 9%
        78 21 Reuters [CHICAGO] Consumer products maker Colgate-Palmolive Co said on Monday its second quarter net income rose 9.6 per cent as higher profit margins offset the effects of weak foreign currencies that led to flat sales. It posted net income of U*****.2 million, or 47 cents
        Reuters  -  78 words
      • Article
        Lock icon ABB net down 76%, cuts l2,000 jobs
        87 21 Bloomberg [ZURICH] ABB Ltd will slash 12,000 jobs, or 8 per cent of the No 1 electrical engineering company's workforce, to cut costs after first half profit fell 76 per cent. Net income fell to US$266 million from a restated US$l.O9 billion in
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        Lock icon BellSouth profit drops 17% to US$880m
        80 21 AP [ATLANTA] Bell South Corp reported a 17 per cent drop in second quarter income, citing a feeble US economy and continued heavy spending on its high-speed Internet and Latin American wireless businesses. The results were below Wall Street's already-lowered forecasts. The company said
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        Lock icon Reuters H1 net down 21% on high costs
        68 21 Bloomberg [LONDON] Reuters Group pic's first half profit fell 21 per cent, hurt by costs to supply more news, data and trading systems over the Internet. The biggest provider of financial information plans to cut 1,340 jobs. Net income dropped to £269
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      • Article
        Lock icon Volvo pre-tax profit declines 25%
        88 21 AFP [STOCKHOLM] Swedish truckmaker Volvo yesterday reported a 25 per cent pre-tax profit fall in the second quarter and took a broadly gloomy view of prospects. Volvo said it had made a profit after financial items of 1.8 billion kronor (*****.5 million) for the second
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      • Article
        Lock icon Reebok sales and earnings improve
        69 21 Bloomberg [CANTON, Massachusetts] Reebok International's second quarter profit rose 33 per cent as the company reduced costs and sold more Reebok clothes and shoes in the US. Net income rose to US$l4.l million, or 24 cents a share, from US$lO.7 million, or 19 cents, a
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      • Article
        Lock icon Strong US$ hits McDonald's earnings
        75 21 Reuters [OAK BROOK, Illinois] McDonald's Corp yesterday reported that second quarter earnings fell, as expected, as a strong US dollar and lingering concerns over mad cow disease continued to weigh on profits. Net income in the second quarter fell to U*****.9 million, or 34 cents
        Reuters  -  75 words
    • Article
      Lock icon Amex Q2 earnings fall as businesses trim spending
      371 21 NEWYORK Bloomberg AMERICAN Express Co, the No 1 corporate credit card issuer, said second quarter profit fell even without its US$B26 million junk-bond loss, as companies tightened travel and entertainment spending amid a slowing economy. The company, which last week said pershare
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    • Article
      Lock icon Changes in monetary policy still works, says Greenspan
      513 22 WASHINGTON He reiterates Fed is ready to cut rates again if rebound doesn't come quickly Bloomberg, Reuters, AFX FEDERAL Reserve chairman Alan Greenspan said on Tuesday changes in monetary policy are still able to boost the economy, even as the US economy
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    • LATE Briefs
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        Lock icon Argentina, Turkey, Brazil pose risk
        32 22 Reuters [LONDON] Argentina, Turkey and Brazil are the emerging countries which run the biggest risk of defaulting on their debts, the Economist Intelligence Unit said yesterday. Reuters
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      • Article
        Lock icon Philips denies jobs cut report
        31 22 Bloomberg [AMSTERDAM] Royal Philips Electronics said it has no plans to cut 25,000j0b5, denying reports that it was likely to slash more jobs than announced. Bloomberg
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      • Article
        Lock icon Hyundai Motor chief resigns
        35 22 AFP [SEOUL] President Lee Kye Ahn of South Korea's largest automaker, Hyundai Motor Co, yesterday handed in his resignation to pave the way for corporate restructuring, Yonhap news agency said. —AFP
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    • Article
      Lock icon Seven ex-Daewoo execs jailed up to seven years
      367 23 SEOUL They were charged with falsifying accounts, diverting company's ftwds AFP FORMER executives of South Korea's collapsed Daewoo business group were yesterday handed prison sentences of up to seven years for falsifying accounts and diverting company funds. Kang Byung-Ho, the exhead of
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    • Article
      Lock icon US support for Koizumi's reforms
      288 23 TOKYO Japan holds key to US prosperity, Asia growth, says Powell Reuters US Secretary of State Colin Powell on Monday offered Washington's support for Prime Minister Junichiro Koizumi's economic reform plans, saying Japan's economy held the the key to American prosperity and Asian growth. "Our
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    • Article
      Lock icon Pentagon on 'Code Red' alert
      223 23 NYT [WASHINGTON] Amid concerns that its computers were vulnerable to a type of virus known as the "Code Red" worm, the Pentagon shut down parts of its public website on Monday to allow technicians to install protective software, the Pentagon said. A Pentagon spokeswoman, Catherine
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  • Page 21 Advertisements
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      119 21 AbSjfe Terms conditions: Offer is valid for paid roundtrip travel on Northwest World Business Class full J. JRJFK and CRSINO farebasis (excluding other offers and corporate rebates) from Singapore to the mainland US from now till 15 September, 2001. Child and Infant fares do not qualify. You need to be
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      1248 22 I NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ASIAPOOLS (S) PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 151 Chin Swee Road #09-15, Manhattan House, Singapore
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      293 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 BUNPOH PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 151 Chin Swee Road #09-15, Manhattan House. Singapore *****6 on 24 July 2001 the following Special Resolutions were duly passed 1)
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      85 22 OPENS NEXT WEDNESDAY IMG presents fT CAMERON MACKINTOSH'S production of |M?SS| Saigon A MUSICAL BY ALAIN BOUBLIL AND CLAUDE-MICHEL SCHONBERG PROUDLY SPONSORED BY £S DBS BANK SISTIC Booking Hotline: 1 August to 16 September "5 /AO CC C C KALLANG THEATRE STUDENT TICKETS AVAILABLE FROM $45 Booking ivebsitc: w wH.sistic.ee>
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  • Article
    Lock icon SGX clob
    2623 23 BONDS WARRANTS «rats Praai/ Ei»tv Ut» VM ItoT LaaMaete »1 knM C«R bar Mu Mtm Ci"piH| COOP) Wfk U» B«T<r Mk Mce (mufti) Ml* Met <*) t*ana«2 uft 39.5 26 s ASTIW*****1 29 2.5 574 29.5 26 29 30 2B 26.4 1 16 11 1.40 35 37 0.5
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      903 23 BANK OF COMMUNICATIONS BALANCE SHEET AS AT 31ST DECEMBER 2000 PROFIT AND LOSS STATEMENT AS AT 31ST DECEMBER 2000 Unit; RMB Yuon Unit: RMB Yuan ASSETS 2000 1999 2000 1999 CURRENT ASSETS OPERATING INCOME 27,285,728,824.51 23,207,451,492.67 Cash and bonks 6,150,994,090 65 6,068,643,***** Interest Income 17,452,320,579.30 15,982,321,434.79 Due from People's Bank
      903 words
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  • BT golf
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      Lock icon You're game, but is your body?
      1364 24  -  Prevention is always better than cure, and this is also true for golf injuries. S M CHANG speaks to an orthopaedic surgeon to find out how prevention can help a golfer drive further and putt better S M CHANG GOLF may look like a
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    • Article
      Lock icon Watch that shoulder when you swing
      257 24 HAVE you ever wondered how the pros drive their golf balls so far and so accurately? Look closely the next time you see a pro drive. You will notice that his shoulders rotate more than 90 degrees in the backswing. This is because the
      257 words
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      Lock icon PRO TIPS
      300 24 This week, teaching and touring professional Unho Park focuses on: THE SHORT GAME three-quarter swing, half-swing, pitching LEARNING how to control the length of your swing is an important element of the game. A full swing is not always needed as you play on the course. There are
      300 words
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  • Article
    Lock icon STOCKS sgx
    8339 25 SGXMAIMBOARD Gr Gf M Mtt 52-Wk Last Vol Day Last Quote Div Div YM Net Cap Avg High Low Company Sate ('OOP) High Low fciyor Sallar Cw f/t S«n» Wo MULTI-INDUSTRY 143 35 cAcma50c 41 -1.5 292 41.5 40 5 40.5 41.5 0.5 19.9 0 6 10 8
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      69 25 1 Le maitre de I'horlogerie depuis 1875 cortinawatch AVAILABLE AT: SINGAPORE i J Jr Regional Agent, Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Cortina Watch Centre Pte Ltd 501 Orchard Road #03-10/11 Wheelock Place Singapore *****0. Tel: 238 6678 Fax: 238 6676. Raffles City #01-36 Tel: *****85 Lucky
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  • PERSONAL investment
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      Lock icon Surge in insider sales
      1132 26  -  li:wii]=< markets 90% of leading firms that sold shares in July reported sales by insiders within same firm By Robert Halili The writer is the managing director of Asia Insider Limited. He is assisted by Ngia Soon Chai in Singapore THE worse-than-expected 16.9 per cent drop
      Source: Asia Insider  -  1,132 words
    • Article
      Lock icon Caution rules on the home front
      774 26  -  ASiAQNErrrrnrnn By Yap Khek Heng WE remain cautious on the market, as macro challenges are exceptional and severity may be underestimated. There is still little to be upbeat about, with valuation in many key sectors not quite cognizant of a harsher forward environment, compounded
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    • Article
      Lock icon The sun is out for US economy: Citigroup
      756 27  -  The worst is over for US manufacturing and Asia is seen as a hot spot in valuation terms, oemevxbvb cua learns GENEVIEVE CUA THE worst is over for the US economy and for the US manufacturing industry in particular, says Citigroup Asset
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      Lock icon Far from the weakening crowd
      517 27  -  China, Philippines and Russia make attractive growth stories that aren't correlated to Greenspan and the US, an ABN Amro Securities strategist tells russell flammery RUSSELL FLANNERY INVESTORS praying for a quick tech stock bounce will get scant encouragement from Christopher Wood. "The tech industry is
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    • Article
      Lock icon Sums don't work out for DBS'Up
      256 27  -  Liu I Chun Singapore I REFER to the letter "DBS is fully upfront about Up" by Mr Patrick Tan of DBSAM and Ms Meredith Peabody of DBS Bank. (BT, July 20) I am one potential customer who gave 'Up' a miss after working out
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    • Article
      Lock icon Funds' ads should show costs and levies clearly
      127 27  -  Tan Huang Meng Singapore I REFER to the article "The truth aboutjuarantees" by Genevieve Cua (Executive Money, July If).' Full page advertisements and jibed yipfrlillflliaii'inT leaflets for various funds/unit trusts have one common feature catchy big bold print highlighting optimistic projected returns.
      127 words
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      369 26 Bank Of Singapore: Winner of the 2001 e-Bank award Whether or not flying saucers are part of your future, you know piloting one will be much like surfing the Web. You'll sit with a screen that asks, "Where would you like to go?" Computers will plan the flight, get clearances,
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      42 26 W net research wvv\v.r>e tresearcfvasia.com Abo it asiaooemarkets.com @B Bishan Loft sold out in two days! Does this signal a bottoming in the residential market? We think not Bank valuations as jewel in banking consolidation crown OUB deserves higher premium than KCH
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      157 27 |yJsfnHSffT[| Citigroup 3SSft mar-aqement TODAY INDONESIA I mwMmmwmm i FURNITURE HANDICRAFT Furniture Handicraft f I > are essential for your m 1# 1 I I home. Indonesian A HipPPDpMT i". j producers offer a variety ■mMm of furniture and w— r> O M— I% WT" if' »I FAIR handicraft products,
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  • EXECUTIVE money
    • Article, Illustration
      Lock icon Looking beyond the promises
      1026 28  -  YOUR MONEY Protected funds are quite different from those with iron-clad guarantees and judging from what the experts say, Dl 7 Investing is definitely an option genevieve cua THERE are guaranteed funds and then there are guaranteed funds. Following a column last week on unit trusts
      REUTERS  -  1,026 words
    • Article
      Lock icon Shakeout seen among banks in wealth management
      958 28  -  Banks not profiting dne to high costs, small asset base, wrong target offering, consultant says By Genevieve Cua A SHAKEOUT is likely among banks in wealth management the business of catering to the financial needs of the affluent according to a consultant with
      958 words
    • Article
      Lock icon Moving away from traditional bond markets
      437 28  -  By Serena Ng THE constitution of fixed income benchmarks in the US is due to change significantly in the coming years, a phenomenon that may cause bond managers and institutional investors to change the way they operate or modify their investment strategies. Stephen Johnson,
      437 words
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      279 29 Reuters THE Baltic Dry Index (BDI) fell 10 points to 1,138, the Baltic Panamax Index (BPI) lost nine points to 1,198, the Baltic Handymax Index (BHI) dropped 37 points to 8,369 and the Baltic Capesize Index (BCI) was down 17 points to 1,285. TIME-CHARTER: ♦Cape Race (built 2001)
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    • Article
      Lock icon MARITIME STOCKS
      301 29 sex *000 JelM CWT Distribution 0.S1 0.02 30 Chuan Hup .0.33 0.01 893 Cosco Investment—0.22 -0.01 140 Freight Links 0.08 uneh 128 GB Holdings _..0.51 unch 0 IMC Hoidings-HK —5.60 uncti 0 Jaya Holdings 0.16 0.01 105 Keppel Corp 3.60 -0.02 1888 Keppel FELS 1.09 0.01 778 Keppel
      301 words
    • Article, Illustration
      Lock icon NOL denies rumours it is seeking to buy P&O Nedlloyd
      804 29  -  Two shipping lines seen widely as complementary By Donald Urquhart [SINGAPORE] Neptune Orient Lines (NOL) has dismissed rumours that it is looking to buy container liner company P&O Nedlloyd, saying it is nothing more than an "old rumour dusted off'.
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    • Article
      Lock icon Shipowners, not ITF, must decide which flag to use
      873 29  -  STRAIT TALE By Seafarer BEFORE too long, owners of ships registered in Liberia will be at the receiving end of a concerted International Transport Workers' Federation (ITF) campaign to persuade them to switch to another flag. Liberia has long been an
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    • PORT Shots
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        Lock icon MOL to buy slots from Hyundai
        69 29 [SINGAPORE! Japan's Mitsui OSK Lines (MOL) will buy slots from Hyundai Merchant Marine's Middle East Service to facilitate its return to the Far East and Middle East trade routes, which it operated until 1996. The alliance partners have not commented on the number of
        69 words
      • Article
        Lock icon India shipping firm's profit soars
        72 29 (SINGAPORE] The government-owned Shipping Corporation of India has reported a 490 per cent jump in first quarter (April to June) profit over the same period in 2000, to 1.12 billion rupees (5542.56 million) compared to 190 million rupees. Operating income hit 7.92 billion rupees compared
        72 words
      • Article
        Lock icon Cosco, MISC in deals with CargoSmart
        49 29 [SINGAPORE] China's Cosco Container Lines and Malaysia's MISC have signed deals with Cargo Smart supply chain visibility portal to enable shippers to access transit information online. The two major lines followed Hongkong's OOCL, which already uses the real-time tracking, booking and schedule service.
        49 words
      • Article
        Lock icon Le Havre improves Strasbourg rail link
        66 29 [SINGAPORE] The Port of Le Havre has bumped up its rail link to Strasbourg which used the nodal point of Villeneuve-St Georges, into a direct shuttle offering three return voyages each week. The service will help importers and exporters in the Alsace region save
        66 words
    • Article
      Lock icon OOCL orders two 7,400 TEU ships from Samsung
      286 29  -  Vessels will be deployed either in trans-Pacific or Europe-Far East service By P T Bangsberg THE parent of Hong Kong-based Orient Overseas Container Line (OOCL) ordered two more ships with capacities 0f7,400 TEUs (20-foot equivalent units) from South Korea's Samsung Heavy Industries
      286 words
    • SHIPPING news
      • Article, Illustration
        Lock icon EU raps member states over maritime regimes
        389 30  -  Commission gearing up to push for a new European Maritime Safety Agency Reports from David Hughes in London IN a move explained by European Commission vice-presi-dent Loyola de Palacio in terms of expanding EU control over shipping, 11 EU member states have been
        389 words
      • Article
        Lock icon Panama accepts tanker with serious ISM-related problems
        364 30 PANAMA has apparently accepted a tanker onto its register despite serious unresolved ISM-related problems. The UK's Maritime and Coastguard Agency detained an early 1970'5-built, 43,444 gt tanker, the Thebro, loaded with petrol for poor emergency preparedness shortly after its flag state, Cyprus, withdrew
        364 words
      • Article
        Lock icon UK's maritime services revenue down slightly
        269 30 Law firms, insurance brokers suffered drop in earnings last year THE UK's international maritime services sector, other than shipowning and managing, brought in £909 million (552.32 billion) in net revenue in 2000, slightly down on 1999's £930 million and just under the estimated revenue
        269 words
      • Article
        Lock icon IMO should sign up Gibraltar first
        173 30  -  Ken Ruiz Sheffield, UK via Internet I REFER to your article "IMO to prepare guidelines for vessels in distress" (Shipping Times, July 17). The guidelines, seem to be a good idea. I can understand why the vessel was not immediately welcome in Gibraltar, given
        173 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      257 30 PACE ESP Lines 9 Ahrenkiel 10 FoongSun 5 Appenship 5 Links 10 Assets 5 Fuhai 7 Austral 6 L nk Avant 10 Gemartrans 6 B'tang Mas 6 Gwsh W 9 BSA 7 Glory Nav 10 Bsc 9 "antf' 7 BTL 10 9 Balaji 4 3 Batamindo 9
      257 words
    • Article
      Lock icon SHIPPING GUIDE
      9559 36 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyaqe Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 03/08 09/06 Confer EMERALD (5-*****68 To ABIDJAN (ABJ) 2003 Cote D'lvoire os/os n/oa bsc banglarrobi »6w *****6m 01/08 22/08 MOL MOL VOLTA
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    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        782 39 Vessel Voy Ho Berth Arrival Departure C Progress 24-Jul 'jW 24/07/8:00 24/07/*4» Bt Jayaraya3 ***** J01 24/07/8:10 24/07/204)0 Bt Dencipta2 ***** J01 24/07/84)0 24/07/23DO hid Comet *****8 J17 24/07/8:00 26/07/80) Winstar 8 069S01 J03 24/07/830 24/07/224)0 Kimcapricorn MkrOls J16 24/07/925 25/07/23:00 Wewah *32/01 J13 24/07/8:55 24/07/15:15 Terang 18
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        Lock icon CONTAINER SCHEDULES
        2006 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Ho Etb/Btr Ptrtod From To From AC! HIBISCUS 0548 24/23 00 W 23/1500 23/1659 23/1900 2A 21/1700 24/0659 24/0900 21 23/1700 24/0659 24/0900 AU SEAGULL 088 26/23:59 23/1500 23/1659 23/1900 2A 23/1700 24/0659 24/0900 2t 23/1700
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        Lock icon GLOBAL HOLIDAYS
        186 39 August 1 Switzerland: National Day August 0 Singapore: National Day South Africa: National Women's Day August 12 Thailand: HM The Queen's Birthday August IS South Korea: Liberation Day Switzerland: Assumption Day Spain: Assumption Day Belgium: Assumption Day France: Assumption Day Italy: Assumption Day August 17 Indonesia: Independence Day
        186 words
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        Lock icon COCKETT BUNKER MARKET REPORT
        782 39 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
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        Lock icon VERITAS BUNKER QUALITY REPORT
        530 39 Carton 180 Mm 990.5 0.5 15.6 0.11 44 0.04 Jul 19 Dmltr Water ResMue Ask Aluminium Sediment No above E25 0 0 1 1 0 0 %M/M 380 Ave 984.1 0.2 14.3 0.06 22 0.02 bw 380 Max 991.2 0.5 18J 0.11 50 0.09 HWW3 »v/v
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        Lock icon Colombo's only int'l airport closed after fierce rebel attack
        553 40 Two Sri Lankan Air Airbus aircraft destroyed, 3 more damaged; SIA cancels flights AP [COLOMBO] A Tamil rebel attack on Colombo's international airport yesterday has dealt a severe blow to the national carrier, with more than one-third of its fleet damaged.
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        Lock icon Kiley seeks court order to stop UK govt's subway plan
        589 40 Bloomberg [LONDON] London Transport commissioner Bob Kiley is seeking a court ruling to block the UK government's plan to share operation of the London subway, known as the Tube, with companies. The hearing before a judge at London's High Court
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        Lock icon Qantas may still sell travel business to cut costs
        342 40 Options for Qantas Holidays include partial flotation Bloomberg [SYDNEY] Qantas Airways Ltd, which last week opted to keep its catering unit, said it still may spin off its wholesale travel business to cut costs. "We are considering options for Qantas Holidays,
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        Lock icon IBM wins US$908m deal to manage Air Canada's computer systems
        396 40 It will also help carrier to nse Internet to improve customer service Bloomberg [ARMONK, New York] International Business Machines Corp (IBM) won a seven-year, US$9OB million contract to manage Air Canada's computer systems and help the airline use the Internet
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        Lock icon BA, Air France to resume Concorde service
        406 40 AP [LONDON] British Airways will resume flights of its Concorde supersonic jet in September, and Air France will follow a month later, a coalition of French and British transport officials said. The group met in London on Monday for the eighth time since
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1809 40 cm man ra man n» AMMl AM230 MO LH6381 1850 s»ao wo Amsttrdw* S023 0635 KL838 2255 6*979 0955 S032S 2325 MP MB totm-rtM WO OHS Auckland ****** 2045 ****** 2045 $0286 2045 M205 2048 M>6i 6049 0725 MIWW M/GA846 1330 W/6A847 0755 BStrtBcqmn BIW7 TWO
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      152 29 Ell raps member states over failure to comply witt maritime laws Pg2 Colombo's oily M'l airport closed after fierce rebel attack BackPg NOTICE TO TRADE Chennai/Singapore-Port Kelang- Tg Pelepas w Chennai/Colombo w Withdrawal of Immediate Congestion Surcharge In view of improved productivity in the port of Chennai, Members of the
      152 words
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      786 30 1 TO USA/CANADA I 1 EXPORT I I OTHER DESTINATIONS I VBSa VOY I PKG |ETASMftOMGBm«| DALLAS |HOUSTON |WWH«S |dfCAfiO [*W YORK TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQ JAPAN ***** 24/07 25/07 10/08 14/01 15/01 15/08 15/01 11/01 vny TTT TTT m OOQ NETHEIUNDS 30(31 31/07 01/01 17/08 21/08 22/08
      786 words
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      696 30 Lines services represented by Members of the Registry of Accredited Shipping Agents, Singapore Logistics xojjvjjx Singapore Shipping Association Association my IMC MAII 1 vessel vor Tew I eta I eta P. KLANG SPORE MALE Empress Lily VO6Ol 26/07 27/07 04/08 Princess Lily VO6Ol 11/08 12/08 19/08 Empress Lily VO7Ol 27/08
      696 words
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      1358 31 TO EUROPE FROM EUROPE IviSSEL VOY j SIN RTM ANR HAM RRV SOU LEH llvtSSa VOY RTM ANR HAM RRV SOU IfH SIM I API GARNET 104W 26/07 IS/08 16/08 13/08 IS/OS HY COMMODORE 3331 08/07 04/07 06/07 03/07 27/07 MOl LOIRE 542W 27/07 12/08 14/08 17/08 18/08 API FRANCE
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      1923 31 TO ADEN T/T: 10 DAYS JEDDAH T/T: 12 DAYS I W AQABA T/T: 15 DAYS J GBOUU. AGENTS M SMGAPOK: SO ROBINSON RD #12-00 SAUS/MGS TEL *****57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TIL: 07-*****66 FAX: 07-*****70 CASTAS SHIPPING PTC LTD SINGAPORE *****8 OUTWARD (l/L) *****02 *****25/75 PORT KIANG 03-*****633
      1,923 words
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      461 31 !®sa VOY SIN JKT SUB HYUNDtismwa nl ~o?/m —03/m~~ m/m --m W HYUNDAI POOGKSS 039E 79/07 07/ M 07/00 Mff(gaUN6 HQS 29/07 31/07 HOW Dl/OI OS/OO 07/01 10/01 10/00 14/00 ypy SIN PLC HBO SHA TAP HSK KMTC UISAN 110S 51/00 10/00 OMIT 13/00 11/00 HYUNDAI SKIHTH "oiTr" 27/07 13/00
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      1318 32 SENATOR LINES TO EUROPE TO MIDDLE EAST/KAN/RtD SEA vtssa vot sw uh ira m mm wv m wssa vot sw us pw kd mp POHANG SENATOR 00I7W 24.07 10.0* 12.08 13.0S 14.01 15.M 16.08 JUMUTANAtt) 001SW 2107 04.0S 07.01 11.01 12.01 HANJW KSLUNG OMIW 27.07 18.04 19.08 16.08 17.08 19.08
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      804 32 »jM| MAC-NELS S'PORE M'SIA Carritß MN CONTR LINES, INC p. gudang: (07) *****26 I Iv/ J cm NOi 12D*****000R 8BU: (084) *****9 MAMLA: (632) *****24 PENANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELAMG: (03) *****77 JKT: (21) *****46 KUCHWQ (082) *****1* ADELAIDE 1 BARCELONA/GEHOA MV "MOL WARATAH"
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      517 32 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO NHAVA SHEVA (CFS MULUNO. MUMBAI) ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL NAM! VOT |S'POBE|COLOIMO||I SWVAI COMKCTMG I CONNECTING YSL-USA VSL-CUBOK BRAZILIAN EXPRESS 007W 30 JUL 04 AUG 01 AUG INDAMEX GANGES ZIM AKTWfDP *1124 VO7 INDfEX SO SCIO2W Dt
      517 words
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      1465 33 I VESSEL VOY KHH HKG SIN I PKL DXB BAB DMM NIK IRAN TEHRAN PCL-217 24/07 25/07 28/07 29/07 05/08 06/08 08/08 10/08 IRAN TABATABAEI PCI-218 31/07 01/08 04/08 05/08 12/08 13/08 15/08 17/08 IRAN KERMAN PCL-219 07/08 08/08 11/08 12/08 19/08 20/08 22/08 24/08 IRAN ISFAHAN PCL-220 14/08 15/08
      1,465 words
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      434 33 ILoadingfor 1 21 YUN SHAN RDM/ATW/BMNAJK/LPL I NAZLIG RDM/ATW/BMNAJK/LPL I TINA 1 RDM/ATW/BMN/UK/LPL I Loads Singapore, EVW. Malaysia, Indonesia J Loading for BALAJI VINTAGE JDH/AQA I RAINIER DBI/ABU/DOH/BRN/DMM/KWT I PISCES EXPLORER JDH/ACWDMT I AEGEAN SEA DBI/ABU/DOH/BRN/DMM/KWT I AL QAWIYYU JDH/AQA I RADIANT CANOPUS ADN/HDD/JDH I HAUME ANA JDH/AQA I 'Loads
      434 words
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      1371 33 HONWORS/ SHANGHAI/ XWGAWG/ OWGOAO BANGKOK/WAf TA PHUT/UEM CHABAWG VESSEL VOY |SW HKG SHA XGG TM> YESSiI I YQY «H IMM MTT Lffl MM SB -jj- M ill KAMA IHUM HOll 04/0R 11/01 IVOR 17/08 20/0* kaidq Q??[ 30/07 03/01 03/08 ITHARHUM MOIB 13/01 11/ OR 71/06 24/00 27/ OR BANI
      1,371 words
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      665 34 ASIA MEDITERRANEAN EXPRESS (AME) WESTBOUND SERVICE VESSEL I VOY I SIN I PIR I SPI I LEH I FXT I ANB mxßla oilß 2QAU6 il m Z jiS ZZm SIZ »«i» -ma—m —m —m n m Use oaepUng cargo VUIASKIA h: forrttow, Nhafe Fos Sir Hm, Uromo, Napoti, Las hhms,
      665 words
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      538 34 ®wunm SINGAPORE PTE LTD ;> w 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:
      538 words
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      461 34 INDONESIA NATIONAL LINE TO AUSTRALIA H FULL COMTAINER SERVICE va pkg aw m i syd ma m ah. na wivofrr 4os 10/07 31/07 ot/ot n/« u/« w/os POTSDAM m" M/OS 07/01 W/Oi 19/00 21/08 74/08 NYKPRM iiT 13/0114/08 20/08 tt/08 28/08 31/08 PONDADBAH «T M/ 0821/08 31/08 0?/W 04/09 07/09
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      431 35 BSfl x l 'VfSV l ?9? l 't?a3P^^^HF Aft MYANMA pBBk FIVE STAR LINE W (Myonmor National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU MOMG U 45W SLD HPA-AN 289W SU> MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL m 03-*****300 PKL TEL 03-3176*101 PEN: Ttl 04-2****** PGU: Til
      431 words
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      1251 35 HYUN^^AERCHANTJJAARINECOj^^D^^^^^^ vESsa voy TIT sou uh rtm awt haw wv VESsa voy sou lbi ri» iw nam brv TW API GARNET 104W 26/07 13/08 15/08 18/08 16/08 HTCOMMOOOW a* 02/07 04/07 07/07 05/07 24/07 NKX LORE 542W 27/07 17/08 18/08 12/08 14/08 ?JE mi 07/07 2/m HYDUKE 350W 29/07 20/08
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      1072 35 v&v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "<*" Rofio HEAVYUFT SERVICE" IVCSSCL VOY RAMP HEIGHT I SIN IHC I WUO I MIA SAV Ml Ottf I NYC I NEW I MOI I TOURCOING AHIIS 4001 MS 6.3* 28/07 03/09 06/09 OS/09 10/09 11/09 13/09 17/09 19/09 TAFKHA AHII6 400
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      971 37 9H INDIAN SUB-CONTINENT: Mumbai, Nhava Sheva, New Delhi, EUROPE: All base ports and inland locations Calcutta, Kandla, Ahmedabad, Ludhiana, Jaipur, Jodhpur, NORTH SOUTH AMERICA: USEC, USWC, inland locations in USA and all other Nagpur, Chennai, Cochin, Bangalore, Hyderabad, Coimbatore major countries in South America Al A U l.- ou •u
      971 words
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      285 37 I ySSm ENGIEE SHIPPING CO PTE UDI I M: ***** M (10 Ums) EM: 53T035/*****M I C« 15t******00C VESSEL VOY SIN ETA SIN ETD DESTINATION Sinar Central 11/01 27/07 29/07 Dunwi/Pefowang Unco Star 8 08/01 27/07 28/07 Jmbf/K. lungkeJ Union Star 12 06/01 27/07 27/07 Bontong Ungul Joyo 08/01 28/07
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      603 38 TIGER RHYTHM 907N 25-26/07 01-05/08 10-11/08 I MILDBURG 12N/01 30-31/07 05-08/08 13-14/08 TIGER SPEED 909N 02 03/08 08-11/08 16-17/08 TIGER METRO 910S 05-05/DB(FOR DISCHARGING ONLY) I CAPECHARLES 13S/01 06-06/08IFOR DISCHARGING ONLY) I TIGER BRIDGE 908N 07 08/08 13-16/08 21-22/08 IVESSE^^^VO^^SIP^^CA^^SIP^I TIGER CLIFF 033 29-30/07 05-07/08 15-16/08 XPRESS SPORE 321 05-06/08
      603 words
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      840 38 A FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Tel: *****11 Fax: *****77 E-mail: flesirt@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) Uwwim Urn *****71. H/ft *****977 la»iiw.»On«in.coni.»a LOGISTICS WAREHOUSING
      840 words
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      36 38 Q233 KMS LOGISTICS (S) PTE LTD AIR SEA SERVICES TO/FROM: I. MANILA HONG KONG/SHENZEN/ KEELUNG SHANGHAI EUROPE/USA Head Office Tel: 272 7977 Fax: 272 4881 I Email: kmslog@pacific.net.sg Airport Office: Tel: 542 2089 Fax: 542 2631
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      1107 38 Z-TT- OPERATOR CODE: PD [J I ■IVI L Cr CS NO: *****880CKKK Website http://pdiloes.co* WW M KIJ/ II 111 MAIN: TIL 02-221-1333 FAX: 02-221-5272 #_#X 1 CUSTOMS SERVICE: TEL 02-221-5596 FAX: 02-227-8190 SINGAPORE: TOWG JOO SHIPPING PTE LTD boot hooldo > s®fr.to«.» 8 GISENG ***** 2S/07 SHINUNE 1 2112 24/07
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  • Page 39 Miscellaneous
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      124 39 113E ""~^jr*—-3llb^ legend Issued by Meteorological Service Singapore K Thunderstorm Showers D-in Temperature C,—,- Wind direction and speed in knots 1* Ha,n Weather Cloudy Day t><l Hazy Sea Conditions W.nd speed symbols I j 5.. 3 <1 2m O Full circle w/o line indicates calm or light and variable winds
      124 words
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