The Business Times, 16 August 2001

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Microfilm: NL23108
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES MtTA (P) 107/03/2001 :om.sg- SINGAPORE THURSDAY. AUGUST 16. 2001 or. ooc
    14 words
  • Article
    Lock icon MARKET SUMMARY
    54 1 □SSU) BMar 1 □SKVTr* STOCK MAIEFT INDICES Wefaeeder Cbanas KISE COUP fiNS.M L« NBKS m 11,7*4.40 1«J« HA1«0 SEND 12,14 LSI +160.32 SET DOW M7.77 JAXAKTA COM? —.4X11 -6.49 MAJUuooap-oisti* +me -ams=3Sfc=^". sbbtchenb—mm «*h AUSTALL08D U«7J -7.7 BOMBAY INDEX ihl ILMh EST Cteft now luatai -tui 1ASDAQ UMM
    54 words
  • Article
    Lock icon FINANCE
    59 1 F01EX RATES" 15? YBK 1111 flUl* KM UN UN im 7JN IM BAB 4487 KJ6 BDBAH U* i8B °mto100 units PMME BATES SNWPOBE* SM KUALA Li MP! 7.«7 juum act BANGKOK Ml 2E££ llM HOWiKDMi .8 -•<) atm im SYDNEY 1 TOKYO- T fj SEOUL., 9.6$ zumcb" FRANKFWBr* IM
    59 words
  • Article
    Lock icon SGX defends handling of Links Island saga
    651 1  -  It says settlement formal* the fairest way U deal with the affair By\ Serena Ng [SINGAPORE] The Singapore Exchange yesterday defended its handling of the Links Island share saga, saying its settlement formula was the fairest way to deal with the affair Amid
    651 words
  • Article
    Lock icon HK govt assailed for below-market land auction
    889 1  -  Site sold to mystery bidder linked to Li's Cheung Kong, which issaes cryptic reply From Andrey Tan in Hong Kong THE Hong Kong government is on its back foot as embarrassing questions are asked whether a large site was sold to a shell
    889 words
  • Article, Illustration
    Lock icon Some OUB shareholders selling in open market
    596 1  -  exclusive Byi Angela Tan [SINGAPORE] Some Overseas Union Bank (OUB) shareholders are mahing out their shares in the open market preferring to take cash in ftill now rather than hitch the value of their holdings to United Overseas Bank's (UOB) fluctuating share price.
    Source: Bloomberg  -  596 words
  • Article
    Lock icon Banks foreclosing $70m of Pilecon Engg chief's property
    953 1  -  f Yiexclusive By Vince Chong, Andrea Tan [SINGAPORE] Bank* are foreclosing over $70 million worth of freehold property either by tender or auction belonging to beleaguered businessman Tan Hock Keng of the Pilecon group. Tlieae include one site each in River Valley
    953 words
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      83 1 inning* a 0 fete mm 11 WM S 9 Fran Mq; HzlT Mil'^'-J^l£Lr iwU?*VTSiii uUy, '^Hh£S£§L BT EXCLUSIVE Positive PC growth in Asia ■rwa US PRODUCTIVITY Mirage, not miracle? Paije 12 EDITORIAL Greenback I slide gets scary Page 12 t Euro strength to last till year-end Page 23 b |ii
      83 words
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      9 1 Ob The Block: New column on property auctions, Pgl4
      9 words
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon Two-thirds flushed away
        128 2 am angry rnai man raised a stink at a bank tie claimed had mismanaged his life savings. Chuay Kotchasit, 65, covered himself with dung, then announced over a loud-hailer that the stench from his body should be Ear more bearable than "the stink of mismanagement" by the
        128 words
      • Article
        Lock icon Gn rejoins UOB Group
        120 2 GN Hiang Meng, who left UOB Asia after it was probed and later fined for making misleading statements on the subscription levels of two initial public offers, is back with the UOB Group. United Overseas Land (UOL) yesterday said Mr Gn, 53, has been appointed deputy
        120 words
    • Article
      Lock icon Correction
      24 2 PACIFIC Internet's second-quarter loss was $5.7 million, not $5.2 million as wrongly stated in BTs report yesterday. We are sorry for the error.
      24 words
    • Article
      Lock icon Regional instability could threaten Singapore: SM Lee
      663 2  -  Indon situation still fluid; PAS gaining strength in M'sia; be ready to cope with possible slowdown By Chuang Peck Ming [SINGAPORE! Singapore faces the prospect of "very serious instability" in the region thaj may upset its economy and stability, Senior Minister Lee Kuan
      663 words
    • Article
      Lock icon SGX statement
      582 2 Fair sett lement price of Links Island shares SEVERAL letter* have appeared in the news papers following the exchange s announcement in respect qf Links Island Holdings Ltd qf a 'fair settlement" price, and tettlemmnt procedures for outstanding share transactions made on Aug 14,15 and 16,2000. SGX qnntmmwd
      582 words
    • Article, Illustration
      Lock icon Prosecutor Abdurrachman made Mon A-G
      611 2  -  His appointment draws flak from human rights groups From Shoeb Kagda in Jakarta INDONESIAN President Megawati Sukarnoputri confounded many political observers with her appointment of a relatively unknown career prosecutor as the new at-torney-general (A-G) and immediately drew criticism from human rights groups. Ms Megawati
      AP  -  611 words
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      104 2 HUBLOT chronograph' that Sensational 11 i i inc. S If lv i.'-' M!• \l Kl vjsl'w \<sf will v,: :iu- K' i V Si.; Imi (K U Slf \l>| M I'l -lil l! 4|\ < Wi-I-S I I > II ki ks.l >!'■ \i\ Sr.il Vmikvi v •Ki\ < >i
      104 words
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      31 3 When the internet j was invented the online I customer did not exist But when we built www.citibank.com.sg 1 it was as much the customer's J creation as it was ours
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  • SINGAPORE companies
    • Article, Illustration
      Lock icon Jardine Strategic raises CCL stake to 28%
      505 4  -  nn exclusive By* Christopher Tan IN TWO rounds of buying during the past fortnight, Jardine Strategic has upped its stake in Cycle Carriage Ltd to 28 per cent bringing the hong's holding in the Singapore motor group close to that of CCL's Malaysian
      Source: Bloomberg  -  505 words
    • Article, Illustration
      Lock icon SembCorp interim profit rises 12% to $63m
      459 4  -  It predicts at least 30% growth in full-year earnings despite dewntnrn By David Boey DIVERSIFIED engineering group SembCorp Industries yesterday reported that its half-time earnings rose 12 per cent to 162.9 million and said it expects to see full-year earnings grow by at
      RICHARD CHNG  -  459 words
    • Article
      Lock icon More 'sell'calls from analysts a welcome trend
      640 4  -  r sivanithy ESEARCH analysts have had a hard time in the US this year in the fSpSflpr face of allegations that laß ||A they lacked indepenyjjßgll Wdence and objectivity when making their recommendations during Nasdaq's recent boom-to-bust cycle. So it is a relief
      640 words
    • Article
      Lock icon Chew Eu Hock in talks with fresh investor
      244 5  -  It confirms that it has aborted reverse takeover deal with NeoCorp By Serena Ng STRUGGLING construction firm Chew Eu Hock (CEH) confirmed yesterday it has been unable to agree with Neo Corp on a reverse takeover. The confirmation followed a BT report
      244 words
    • Article
      Lock icon DBS Philippines to merge with sister bank
      285 5  -  FnH control far DBS' 21%-twnedßankof PUlxppiiie Islands By\ Serena Ng DBS Bank said yesterday its unit DBS Bank Philippines will merge with the Bank of the Philippine Islands, in which DBS has a 21 per cent stake. BPI will acquire 100 per cent
      285 words
    • COMPANY Briefs
      • Article
        Lock icon Hong Lai Huat chief to sell 10% stake
        49 5 HONG Lai Huat Group says its executive chairman Ng Bee Huat will sell 9.3 million shares—about 10 per cent of the company—to YuTai Industrial Corporation and Chiloo Industries for 2S cents a share. The sate is expected to be completed soon.
        49 words
      • Article
        Lock icon CSE Systems interim slumps 90%
        58 5 Reuters CSE Systems and Engineering says interim net profit slumped 90 per cent to $620,000, from $6.02 million previously, despite turnover rising to $51.56 million from $4469 million. CSE Systems is engaged in industrial businesses, enterprise integration and infrastructure and networking. Multex Global Estimates ha*
        Reuters  -  58 words
      • Article
        Lock icon Work starts on Chemical Ind's UK site
        63 5 CHEMICAL Industries (Far East) says piling work has started on its central London property project at Old Broad and Threadneedle streets. The site, bought in mid-1997by the company's 74.1 per cent-owned Lion Heart Properties, will house a 255,000 sq ft offlce-and-retail complex. At
        63 words
      • Article
        Lock icon Eastgate sinks into the red
        68 5 Reuters COMPACT disc maker Eastgate Technology sank into the red in first half2ool, with a net lose of $1.63 million versus a net profit of $8.08 million previously. Turnover was $21.02 million, down from $21.40 million previously. Eastgate does not expect its 2001 performance to
        Reuters  -  68 words
      • Article
        Lock icon FJB placement gets SGX conditional nod
        48 5 LOSS-MAKING retailer FJ Benjamin has secured the Singapore Exchange s approval, with conditions, for its agreement with UOB Kay Hian Pte Ltd for the placement of 75 million shares of 20 cents each including 66 million to forma- remisier king Peter Lim.
        48 words
    • Article, Illustration
      Lock icon OCBC shares up on asset sales talk
      181 5 Reuters SHARES of OCBC Bank rose as much as 3 per cent yesterday on market talk of non-core asset sales after Its takeover of smaller rival Keppel Capital Holdings. OCBC closed up 30 cents at $11.10 with 3.06 million shares changing hands. It
      Reuters; FILE PHOTO  -  181 words
    • Article
      Lock icon Spreads widen after UOB launches $750m bond issue plan
      396 5 But pressure tn spreads eases in Asian trade: dealers Reuters [HONG KONG] Singapore bank bond spreads widened yesterday after United Overseas Bank (UOB) launched a 1750 million deal to help fund a takeover. "Investors are hammering OCBC and DBS bonds because
      Reuters  -  396 words
    • Article
      Lock icon Achieva interim net slips 2% to $3.8m
      401 7  -  Sales surge 51% to $242 m led by China, but eroded by thin margins, BAD expenses By Bryan Lee IT AND semiconductor distributor Achieva Ltd enjoyed a 51 per cent rise in turnover to $242.1 million for the halfyear ended June 30. Profit,
      401 words
    • Article
      Lock icon SIA in US$60m travel website plan
      356 7  -  It jotas nine other major airlines on Tra velocity platform By Chua Hui Min SINGAPORE AIRLINES and nine other major airlines are investing more than US$6O million to build a website that will let travellers compare prices and book tickets, hotels and tour packages
      356 words
    • Article
      Lock icon Optus shareholders may miss SingTel dividend
      144 7 Bloomberg [SYDNEY] Cable Wireless Optus shareholders might out on a dividend from Singapore Telecom unless they accept a takeover bid for Australia's No 2 phone company by Aug 30. SingTel's bi<J, valued at about A 514.9 billion (5513.7 billion), remains conditional on approval by
      Bloomberg  -  144 words
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      Lock icon Page 4 Advertisements Column 1
      225 4 '<.■■■ Olntentia is the world's leading supplier of e-collaboration solutions. Our frn nt f O business concept is to develop and make business processes more effective ■II lIL I G by combining software and know-how. Our e-collaboration application Move* is one of the most advanced on the market and is
      225 words
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      474 4 Date 31 August '01 Objective Seminar Outline Time 9am to spm To highlight the changes in new and SAS 8, SAS 10, SAS 12, SAS 17, EEVSAS42, Venue Grand Plaza Parfcroyal Hotel revised accounting standards and how to SAS 22, SAS 31, SAS 32, SAS 33, 10 Coleman Street P
      474 words
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      422 5 H m J llii H BV i?mf angg ab*'f 4" l il I J' Hi I Wm JBI BR ■B m K 6'" IBP a 1 V I ->:^B a I ÜBr 1 v ;-,..-'-l jt p i'" ///iH r With Citibank Harvest, investing just 10% of your income could
      422 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Rally proves short-lived as investors stay wary
      583 6  -  < comment STOCKS r. sivanithy INVESTORS in local stocks yesterday displayed the same trait found in those who refuse to get married an aversion to any long-term commitment and a preference for a quick fix. The outcome was a disappointing 2.76-point loss for
      583 words
    • Article, Illustration
      Lock icon Liquidity woes for Kian Ann wrt
      182 6  -  WARRANT WATCH By R Sivanithy EVERY day, a large portion of the local market does not even trade a single unit. This lack of liquidity is a major problem encountered by almost all Sesdaq counters and most penny stocks on the mainboard. The result
      182 words
    • Article, Illustration
      Lock icon SIA seen range-bound below $12.70
      231 6  -  HOT STOCK By Ven Sreenivasan THE short-lived recovery by Singapore Airlines seems to be fizzling out. The stock slipped 20 cents to $12.20 yesterday as 416,000 shares changed hands a figure significantly lower than the 10-day moving average of 790,000. Although the downside is limited,
      231 words
    • Article, Illustration
      Lock icon Greenback tumbles after IMF's deficit comments
      528 6  -  II comment CURRENCIES Bit Asian currencies trail European units, yen and A$ in gains larry wee THE US dollar nosedived in Asian trading yesterday after the International Monetary Fund drew attention to the spiralling US current account deficit in an overnight report. But regional
      528 words
    • Article
      Lock icon Untitled
      274 6 He«s NOL 14.644,000 HongLaiH5c 11,151,000 PartwvayH 25c w... 9,617.000 PNEMlOc 8.328,000 AddvaTTech 2.8c 8,641.000 CTMKlOc. 8,404,000 TPVUSlC- 7,773,000 0U8 7,684,000 ■JnlFood HK25c....... 7,440,000 fUVbM||10o 6,375,000 OUB 72,62(^390 UOt 37,444,700 0C8C *****.000 Chart SamJConductor 26c 25,617,230 DattcnftlOc 21.423,560 NOL 15,030,380 DMGrp..... 13.034,766 SintfTall5c... 10,462,850 SPH 9,449,025 PartawayH25c 8,*****0 RrstEngWWl 3 50.0
      274 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2779 6 UNIT TRUSTS FUNDS *>irdllH Aast Mgt Alh Ltd Aberdeen Se«ect Portfolio: Chine Opportunities Ml" 0.891 0.937 GlobalMNCFd 0.6S1 0.716 Global Technology Fdl** 0.547 0.576 UK Blue Chip Fd<" 0.710 0.746 American Opport Fd 0.770 0.810 Cont Euro Eqty Fdl** 0.982 1032 Japan Eqty Fdf** 1.075 1.129 Asian Fixed Income Fd
    2,779 words
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      111 7 This announcement appears as a matter of record only August 2001 PCA TECHNOLOGY <■ PCA TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore on 7 February 1994) Invitation in respect of 49,300,000 new ordinary shares of $0.10 each as follows:(i) 2,000,000 Offer Shares at $0.22 for each Offer Share by
      111 words
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      809 7 %mSI&* vHnHHHnHI iflp^^^p actually own a Patek Philippe. vSBBr look after it for the next generation. PHHH^^I^ Annual Calendar LJ by Patek Philippe The HourGlass Q QUALITY TIME SNOAPOM: TMi HOUR GtMS WMbwya tC 7M MX (aw ICfcfc 71W l«*y *tai «t 7» tatl MALAYS*: TWHomaug'utmmiiC—».^tn»»»t(n-aa *20 *r> J k
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      86 8 I iik'•' 'L .s- k ..;..''-x- t >" "v* v. 1 > y.\,., J 0 >' .<£ »l J 4 V'. fef fin I T/.V L^'lAUMi£r' V i--v. V;* <• J? "V"* -J m -y*i? '*-r~— r g -r-"- --'IrtS -'*i~ lT T-; s^" M w 40 "*r r >jjgr*
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      124 9 II i f V :V jf£ *5 >•".. "ivW' if a j- j«j<" J: Ay -v l S rfc iSMr iff *ry v f v? 5-. m v, x >- v IV o > A. -r~; < >'.' j\ T L. J* f; —t.JL'- V i-. j' jj r "V,T
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Retailer Seiyu profitable for first time in six years
      497 10  -  4 exclusive Japanese eMail's HI sales up 3-4% to about $77m; Daimaru too sees sales increase By Kalpana Rashiwala JAPANESE retailer Seiyu has gone into the black for the first time since setting up shop in Singapore six years ago. Seiyu
      FILE PHOTO  -  497 words
    • Article
      Lock icon Guillemard Rd apartments for sale
      170 10 A JOINT venture between Straits Construction and Tang City Properties is launching this weekend a smallish apartment project in the Guillemard Road area. The 12-storey development, Nicole Green, will have 41 apartments and three penthouses, and is being priced at an average of about 1638
      170 words
    • Article
      Lock icon S'pore to lift all tariffs on Japan imports: report
      250 11 FT A expected to be ayprmdMSt moth and pat into effect by mid-2002 Reuters SINGAPORE will remove all tariffs on Japanese imports while Tokyo will maintain those limited to agricultural and flsharjF imports in a proposed bilateral trade deal, Kyodo news
      Reuters  -  250 words
    • Article, Illustration
      Lock icon $101 COEs linked to retail sales fall
      341 11  -  ■l=W=f on the economy retail By\ Serena Ng A PLUNGE in the value of vehicle sales in June, mainly because of a sharp fall in Category A COEs to $101, caused the retail sales index to slide 3 per cent year on year
      Source: DOS  -  341 words
    • Article
      Lock icon Who suffered from NOL suspension?
      200 11  -  MAILrEffl Denis Distant Singapore I REFER to your article "Policy shift is long overdue" by R Sivanithy (Hock Lock Slew, BT, Aug IS) and have one question looking for an answer. He says: "The one-day trading suspension imposed on Neptune Orient Lines is arguably the
      200 words
    • Article
      Lock icon Mendaki Capital Protected Fund launched
      260 11  -  By Rachel Ong DBS Asset Management yesterday launched the Mendaki Capital Protected Fund or Dana Modal Teijamin Mendaki for the Muslim community. The fund matures in three years and will be 80 per cent invested in government bonds and 20 per cent in a basket
      260 words
    • Article, Illustration
      Lock icon Genemedix head to launch $50m biotech VC fund
      281 11 Chairman Kim Tan aims to tap regional opportunities GENEMEDIX chairman Kim Tan will launch a $80 million venture-capital fiind in Singapore next month to tap opportunities in the region. The Biotech Ventures Investment fund, to be undertaken with local investment firms, is
      FILE PHOTO  -  281 words
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      1710 10 Boustead Singapore Limited (Incorporated in the Republic of Singapore) ISSTBs Notfca of Annual General Moating NOTICE IS HCICVV GIVfN that the Annual General Meeting of the Company will be held at Boustead House 63 ÜbiAvem* 1 #06-01. Singapore *****7 on Thursday 30 August 2001 at 10.00 am to transact the
      1,710 words
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      188 10 M THC MATTBt Of TMi COMPANIES ACT, CAP. 90 AND MTHtMATTHtO* MAYPORD MTRfMSB fit LTD P»Mn ibni'toatoMai) Wln*.gUp) nil 11 ftAfmw > mrivpp NOTICE IS HfISY OIVEN, pursuant id Seclon 308 a* too Compoaiat Act, Cop. 30 toat a find Generol Mealing of the Member* of rite w<bohaM«3BaHlee Haea NfOI
      188 words
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      180 10 MTHC MATTE! Of THC COMfANKS ACT, SO ANO M THC MATTEK Of HMGATC INVCSTMCNTS PTC LTD |bi Meaaben' ¥abwdary WWwfcng Up) HMAL MISTING NOlia IS HBHBV OfVCN. pmmmio Sedton 308 of toe CoMpaniet Ad; Cap 30 toot a final General Meeting of the Member* of the itoaenamarfCompony »4lbehafdot3 BdWa§ Maaa
      180 words
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      756 10 Notices QB HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING BOOK CLOSURE DATE NOTICE OF ANNUAL GENERAL HEFTING T !?JJ?rw ERE ?a Y <MVB< i ha 9)8 General Meeting o» the Comperry win be held at the Company's Registered Office. 29 Loyang Crescent, Singapore *****5 on Friday, 31 August 2001 at
      756 words
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      279 10 IN THE MATTER Of THE COMPANIES ACT, CAP SO AMD M THE MATTER Of MOtT HMUC KLATIONS m UD UM KOK WMO INTEGRATED HE UD (In m.mkrn, Vato—. Wlndbiu Up) resolutions wso On isih fiAfor AUGUST 3001 At on Extraordinary Gworql M«—HJ of rU SS3V2 TamanMayaMjaya ***** Ndh| Jay Ctowdg—.
      279 words
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      45 11 Triple Performance with Oracle9i Application Server. -*v. *<%. "i > T'.iv,-* i 4- i£ -,i v t/> tt\ V 7 X J" 'J**" Our high-speed cache will run your web site 3 times faster. For details visit www.oraclo.com/triple CopynpfttC2ool OndtCorporation. AWrifrurwrvwt Qradoi»■ raynxdwdwrt.ondSoftwnPwntetxwmm >tidwrtorr^lwdmwrt c<ftid»CorporUMß (Mmmmmwyboimtwmrtaofmucin owwog
      45 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Even a dream buy from Ibra goes a-begging
      722 12  -  bottom line OPINION shoeb kagda The writer is BT's Jakarta correspondent IT WAS to have been one of the largest asset sales this year by the Indonesian Bank Restructuring Agency (Ibra), a sale that would have restored much needed credibility to the
      722 words
    • Article
      Lock icon IN OTHER WORDS
      144 12 'Surgery is becoming one big video game and they've got the skills Ail those parents who tell their kids to get away from Nintendo may want to think twice.' a US medical practitioner, on surgery becoming increasingly computerised and forcing doctors to develop skills long associated with
      144 words
    • Article
      Lock icon Greenback slide gets scary
      614 12 EDITORIAL VOICES of concern about the US dollar's fall are growing louder by the day. The latest came from none other than the International Monetary Fund on Tuesday. The big question is: Is this merely an overdue correction of the US dollar's dizzy climb over six
      614 words
    • Article, Illustration
      Lock icon US productivity: more a mirage than a miracle?
      1335 12  -  It sore seems se, with corporate profits plunging and business investments declining. But the jnry is still out en the matter Promi Catherine Ong The writer is New York correspondent in New York THE productivity "miracle" that has produced a non-inflationary economic
      REUTERS  -  1,335 words
    • Article
      Lock icon Is the BOJ really the problem ?
      987 12  - Is the BOJ really the problem COMMENTARY Byy William Pesek Jr The writer is a columnist frr Bloomberg News. The opinions are his own. Bloomberg DEPENDING on who you talk to, the Bank of Japan (BOJ) is either an evil power out to destroy the world's second-larg-est economy, the dumbest
      Bloomberg  -  987 words
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  • PROPERTY news
    • Article, Illustration
      Lock icon Challenges for Asian serviced apartments
      756 13  -  Good understanding of clients' needs and branding are some key tools for operators, says ghobphnosum CHOE PENG SUM The writer is chief operating officer ofFraser Serviced Residences Pte Ltd THE recent spate of reports by economists seem to point to the fact that the slowdown
      756 words
    • Article
      Lock icon Danger of price war— cheap but poor quality homes
      183 13  -  MAILrm Margaret Kwok Singapore I REFER to the letter "Developers face limited choices" by Goh Ka Yeng (BT, Aug 9). A property price war may hurt the little people in more ways than one. There are defects and there are defects
      183 words
    • Article
      Lock icon New homes for sale
      446 13 DEVELOPED OW»€R OBTWCT LOCATION SIZE TOTAL UNTTS NO OF PftCE TENURE (-q, Wl*CHH> UNTT88CXD (Sprf) Pare Regency WahKhiawDevt 5 Pasir Panjang Rd 1,336-1,090 20 19 6M rT~ Afeods Devonshire TTH Devt 9 Devonshire Rd 1,012-2,756 26 4 1,288 FH Holt Residences Centrepoint Prop 10 Ho* Rd
      446 words
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      148 13 Tapping the world-wide trend of industries outsourcing non-core activities 1 '«> HENRY BUTCHER SHNGINEHK !*W APPRAISAL CROUP PTC. UD. www.iepl.com.sg are glad to announce our strategic alliance in providing one-stop "achieving better returns on your core business Please contact K G Chan or M H Yip at *****22 on how
      148 words
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      136 13 I Within minutes of the best in Singapore Newton MRT station Orchard Road shopping belt and Raffles Place financial centre Prestigious schools like ACS (Barker Road), Anglo-Chinese Junior School, Raffles Girls' Secondary School, Singapore Chinese Girls' School and St Joseph's Institution Exclusive clubs likeTuiglin Club, Pine tree dub and American
      136 words
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      55 13 M|P am m 807 to 4,134 sqft, 13,000 cqft (column free subdivisible) 13,972 17,373 sqft (two consecutive floors) Outside CBD/Free Shuttle Bus Service toMRT Panoramic cxytom view Broadband enabled/SCV Service available Ample carparking space Immediate occupation fmk vs njir' SE*V **.'1 ±sr* V- yfl Jr S4|flV Knw Ftx 6n«p sgwpi^i-|Wzss^t
      55 words
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  • EXECUTIVE Suite
    • Article, Illustration
      Lock icon S'pore yuppies look for more in an ideal home
      659 14  -  vwcb ghomo discovers thatseaview, an island resort feel and freehold tenure, are priorities VINCE CHONG WHILE their parents might have been happy just to own a condominium, some young Singaporean professionals are looking for I more in a home a sea
      659 words
    • Article
      Lock icon JTC dormitories' occupancy falls 10%
      376 14  -  Bat far naw, occapancy far middle m»n»gßiMmt hunag is ataMe Byy Vince Chong IN the aftermath of the manufacturing and electronics sector meltdown, occupancy rates for JTC Corporation's dormitories largely catering to these industries have fallen by about 10 pa* cent to 80plus per cent
      376 words
    • Article, Illustration
      Lock icon More property auctions expected
      491 14  -  BBIi^^Rh^block™™"^ By Andrea Tan FORMER Geylang heavyweight Torie Group's headquarters at Horne Road has gone under the hammer for 16 million. The four-storey office block, formerly known as Torie Building, with a floor area of 11,517 sq ft, was sold with vacant possession. The price works
      RICHARD CHNG  -  491 words
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      150 14 I Wf 11 I idWy l mH B|f Jr m w~& jm»' >• .^MI ■f SUoii ■/■S 'S f -gg|^®pp -l *®Ej!k SmM > $<.»* achieve a refined level of living... > The Levelz brings you a style of life, a Mjjfef* J *>->..«.« sophisticated sanctuary away from the hustle
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  • REGIONAL news
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      Lock icon 40b baht equity plan seen boosting market
      448 15  -  But analysts sound note of caution on fond transparency and US economy From Harish Mehta in Bangkok THE Thai government's proposed stock market "matching ftind" of about 40 billion baht (5|1.56 billion), in which the Government of Singapore Investment Corporation and other companies
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      Lock icon Naluri back in the black with RM3m interim profit
      206 15 KUALA LUMPUR Dow Jones Newswires NALURI Bhd, controlled by net profit of RM2.9 million (Ssl.3 million) for the first half ended June 30, from a net loss of RM 144.1 million a year earlier. In a statement to the Kuala Lumpur
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    • LATE Briefs
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        Lock icon BOT to keep pursuing failed execs
        57 15 Reuters [BANGKOK] Book of Thailand governor Pridiyathom Devakula yesterday denied that the central bank has given up efforts to bring to justice former top executives of deftinct finance firms which folded during the cases initiated by the central bank against executives under the jurisdiction
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      • Article
        Lock icon Three jailed for M'sian embassy blast
        72 15 AFP [JAKARTA] An Indonesian court yesterday sentenced three men to between 12* and 15 years in jail for their involvement in a grenade blast last year at the Malaysian embassy. Judge Sofyan Royan at South Jakarta Court said evidence showed that Iwan Setiawan, 30,
        AFP  -  72 words
      • Article
        Lock icon Megawati call for dialogue on Aceh
        62 15 AFP [JAKARTA] Indonesian President Megawati Sukarnoputri yesterday called for dialogue rather than violence to settle separatist pressures in Aceh and announced she would visit the restive province soon, officials said. But unrest intensified in Aceh in the run-up to Indonesia's independence day tomorrow with
        AFP  -  62 words
      • Article
        Lock icon MBf Capital claims right of first refusal
        83 15 Reuters (KUALA LUMPUR] Malaysia's MBf Capital Bhd said yesterday it has right of first refusal over Arab-Malaysian Finance's bid to buy former unit MBf Finance from the government Arab-Malaysian made a RM925 million (*****.9 million) offer on Aug 3 to buy MBf Finance
        Reuters  -  83 words
      • Article
        Lock icon PTT to sell part of IPO abroad
        75 15 Bloomberg [BANGKOK] Petroleum Authority of Thailand, the nation's biggest oil company, said yesterday it will sell overseas a part of the US$67O million of shares it plans to offer in its initial share sale. The number of shares being sold exceeds domestic demand,
        Bloomberg  -  75 words
    • Article
      Lock icon Magnum shares up 34% in past three weeks
      362 15 KUALA LUMPUR Reuters SHARES in Malaysia's popular lottery operator, Magnum Corp Bhd, have risen more than 34 per cent in the three weeks since beginning a share buyback scheme, helped also by speculation that it was a takeover target. Magnum's thrice-weekly lottery
      Reuters  -  362 words
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      Lock icon A Sukarno at the helm again
      1011 16  -  11 comment ASEAN Hie family may once more return to Indonesia's centre-stage yang razali kassim FOR more than three decades, the Sukarno family never had the chance to gather on the soil where their patriarch's house once stood along Jakarta's Jalan Proklamasi. The modest
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      Lock icon Rupiah falls after govt lowers Q1 growth rate
      212 16 JAKARTA Bloomberg THE Indonesian rupiah fell for the first time in two weeks after the government said the economy grew per cent in the first quarter of 3001, cutting the figure from 4 per cent it reported earlier in the day. The
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    • Article
      Lock icon Indon banks to repay US$1b loans this month
      214 16 JAKARTA Reuters A GROUP of Indonesian commercial banks have told the central bank they will repay some US$l billion in restructured loans maturing later this month to foreign creditors, a central bank source said yesterday. The move could show a marked improvement
      Reuters  -  214 words
    • Article
      Lock icon HK bourse may go for US-style trading
      132 18 HONGKONG AFP A SHAKE-UP of the way shares are being traded in the Hong Kong stock exchange could be in the pipeline, South China Morning Post reported. Andrew Sheng, chairman of the Securities and Futures Commission (SFC), Hong Kong's securities watchdog, was reported
      AFP  -  132 words
    • Article
      Lock icon HK banks told to check credit cards
      421 18 HONGKONG HKJtA cites need for tighter controls amid a big jump in personal bankruptcy filing? Reuters HONG KONG'S de facto central bank yesterday called on banks to tighten controls on the issuing of credit cards to fight an increase in the number of
      Reuters  -  421 words
    • Article
      Lock icon Think-tank lobbies Premier Zhu to ease money supply
      481 18 BEIJING Move comes amid slowdown in export growth Reuters A TOP China think-tank is lobbying Premier Zhu Rongji to push the central bank to relax its rigid monetary policy to keep the economy moving as export growth slows. An economist at the
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    • ASIA Notes
      • Article
        Lock icon China suspends mag that attacked Jiang
        64 18 Reuters [BEIJING] Chinese authorities have suspended a leftist 1 magazine which attacked President Jiang 7*m\n over his decision to allow capitalists to join the Communist Party, a magazine official said yesterday. Zhenli de Zhuiqiu (The Search for Truth), a leading left-wing theoretical monthly, was
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      • Article
        Lock icon Slack loans erode Wing Lung's H1 set
        81 18 Reuters [HONG KONG] Wing Lung R»nfc the fourth largest Hong Kong listed bank by assets, yesterday said slack loan demand drove its first half net profit down 8.5 per cent from a year ago to HK1438.83 million (5996.8 million), below market expectations. "In
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      • Article
        Lock icon Taiwan's Q2 GDP seen near zero:report
        80 18 AFP [TAIPEI] Taiwan's economic growth is likely to plunge to a historic low of close to zero per cent for the second quarto- to June amid a prolonged slowdown, the Liberty Times reported here yesterday. *nie Directorate General of Budget, Accounting and Statistics is
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      • Article
        Lock icon Taiwan picks airports for China links
        99 18 AFX [TAIPEI] Taiwan's Civil Aeronautics Administration has started preparatory work on the opening of direct ah* links across the Taiwan Strait with the CKS and Hsiaokang international airports set to initially serve as the designated airports, the EconomicDaUy News reported, without giving a source.
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      • Article
        Lock icon Taipei may cut stakes in banks to 20%
        84 18 Reuters [TAIPEI] A sub-committee in Taiwan's economic advisory council yesterday said it had reached a consensus to cut government holdings in financial institutions to 20 per cent within five years. The Economic Development Advisory Committee's sub-committee on finance said its members reached
        Reuters  -  84 words
      • Article
        Lock icon HSBC to relocate 1.000 jobs to China
        70 18 AFX [HONG KONG] Hong Kong and Shanghai ftmHwg Corp general manager Raymond Or said the bank will relocate more than 1,000 back office jobs to the mainland over the next three years. The Hong Kong Economic Journal quoted Mr Or as saying the
        AFX  -  70 words
    • Article
      Lock icon Vajpayee to initiate financial reforms
      278 21 NEW DELHI Indian PM promises protection for retail investors hurt by recent market crises Reuters, Bloomberg INDIAN Prime Minister Atal Behari Vajpayee promised yesterday to initiate financial sector reforms to protect retail investors who have been hurt by recent crises in the country's markets. Mr
      Reuters,; Bloomberg  -  278 words
    • Article
      Lock icon New rivals put pressure on chip makers
      407 21 TAIPEI Margins will fall as Korean, M'sian companies start ops this year, says research firm Bloomberg TAIWAN Semiconductor Manufacturing Co and other makers of chips to customers' specifications will face price pressure from new rivals, market researcher IC Insights Inc said. TSMC and
      Bloomberg  -  407 words
    • Article
      Lock icon India's growth to slow to 5.8% this year: IMF
      193 21 WASHINGTON Bloomberg INDIA'S economic growth will slow to 5.8 per cent in 2001 from 6.4 per cent last year, the International Monetary Fund projected. The fund's calculation marks a slight increase from the 5.6 per cent forecast the IMF made in
      Bloomberg  -  193 words
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      1551 16 -free 1900 741 IMS lad rtcwlts•ipi wj| NOTICE OF ADJOURNED ANNUAL GENERAL MEETING OF INNO-PACIFIC HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registered Office: 6 Temasek Boulevard, Fourth Floor, Suntec Tower Four, Singapore *****6 NOTKIEIS HEREBY GIVEN that the 27th Annual General Meeting of the Company held on the
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      214 16 The Mowing share osriMicatee lm bean reported kxt, deetroyad or mUM:PHliniMillll Hn No. of mhmrmm *****72 Lui Wen Lang 1,000 *****64 (XakAtiSuan 1*312 *****68 -do 1x250 do- 1x UX» *****66 Loh KM* Hoong Victor 1 x 1.000 *****46 -do- Ik 1.000 cMimo or repreeofaattano to reaped ol fie atoo»a mentioned
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      92 16 The AIM-AEC partnership presents Profeeeor Sonny Cotoma. Asian Institute of Management to dacuss Corporals Governance lo be held from 3-0 September, 2001 I Pin im r> n or iraosrs note*, Singapore. Content Strategy Formulation Balanced Scorecard Roteof theßoert asaTranstomtabonal Agent RBrtormenoe Management Ombudvnan and Etftics Recommended tor CEOs, COOs, MOs
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      126 17 I Property Possessions. I From multi-million dollar projects to your very own castle, from airports and bridges to cars and jewellery I If we cover a m °st everything. Established over 100 years ago, the Allianz Group is trusted by over 00 million I customers worldwide. For corporate and personal
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  • FINANCE
    • Article
      Lock icon Futures fall as IMF comments hit stocks
      322 18  -  OT Zntac/MSGI STpore Index C K Lau Refco (Singapore) Pte Ltd SINGAPORE shares failed to extend their rally after Tuesday's sharp gains as the IMF gave a gloomy outlook on the US economy and warned of sharp greenback depreciation risks. The benchmark Straits
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    • Article
      Lock icon Futures end lower in late profit-taking
      233 18  -  MS& Taiwan Index Daniel Wong Refco (Singapore) Pte Ltd TAIWAN stocks rose yesterday after Cathay Life Insurance bought shares in United World Chinese Commercial Bank, increasing expectations that the government would accelerate reforms of the financial industry. The MSCI Taiwan Stock Index ended 0.83
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      Lock icon CURRENCY REPORT
      220 18 Reuters London THE dollar slid over one per cent to fresh multi-month lows against the euro, Swiss franc and yen yesterday as a warning on the dollar's vulnerability from the International Monetary Fund intensified its downward momentum. Bearish dollar sentiment has been building for days and dealers said
      Reuters  -  220 words
    • Article, Illustration
      Lock icon Untitled
      1073 18 DOTRBAVK GK0S8 RATBS b Aua1A i* CS E>0 nr D, Mbini v m mm* n» m m% 'tm 0.** J- 7 ********** 0535 4.701 1991 *****1560 ***** 19* OS 0477 *104 2190 0)67 0524 1402 m 47M 1401 1977 *574 55.7* 0709 8-326 L474 1505 4L7213)523 U42 1302 LOW 22.4*
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      444 19 Page 19 Make way for breakthrough ideas w* Bite. BflflBMMI lL WBIP 1111■—i"u.Ligi^BpgSSa ■■Hf BBa. BH fIHPfIL Bbi«/ M I '*2 Ml f- r-m^ w IJ R 1 Uk mm a .MaE*a*£. JT j/BSSk ■1 M I 1 Buj B. BBKsfe *BOTrfBSy V r I Jfl A 9? Hf fl
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  • BIZ woman
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      Lock icon Jakarta's barefoot banker
      911 20  -  A savings-and-loan cooperative which goes to the doorsteps of Jakarta's poorest has not only helped its borrowers, but also its workers like Sri Widiawati By, John Ruwitch Reuters SRI Widiawati is one of the most successful bankers in Indonesia's bustling capital, but she doesn't drive a fancy
      Reuters; REUTERS  -  911 words
  • Article
    Lock icon COMMODITIES
    1531 20 llOUMrUTUEM Aug 15 MR|MKdM|ii4lUM RSS1 COWTtACTttMrtwV) ON* Mm OpM Mwtt UN* u» trtt CT—W) Iff* SOI KM. 00 01 MM i«rOI 07.00 Ok 01 MOO ISS 3 CONTRACT (US cw*VH) V*mm 0M iw> m t— tm et—mi m*n aw 58.00 m 690 59.00 Ml 2290 ■N« 9129 2200 OK
    1,531 words
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      152 20 Budget. Monthly rental from $950. Your Financial Controller Saving costs doesn't necessarily mean cutting down on the is SMIUNG. good things. Even with Budget's low monthly rates, you still get your choice of brand new model and even your favourite colours, plus, of course, service at its best Proton Mflra
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  • Page 20 Miscellaneous
    • Miscellaneous
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      210 20 CRYPTIC CROSSWORD 1 Protect lady, poswbfy, from this 4 Openingpece crfTheevy round 9 Worthless fellow gets fitting free 5 Frank Vottaire's unfinished wortc 11 Underground pipe (4) 6Up to now, one such creature ■■j"" 12 A commotion on Vie move (5) has net been found (4) 13 Sport just done
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  • Article
    Lock icon STOCKS asia
    7111 21 HONG KONG Vol HKf rOOO) AcrossAsia Multimedia 1.64 -0.02 2340 Alpha General 0.04 unch ***** AmoyPrpp 8.55 uncti 1559 Ananda MNngOn 0.14 uncft ***** Angang New Steel H 0.93 unch ***** AnhuiConchH 1.74 aoi 796 Anhul Expressway H L28 unch 466 ArcontechCorp 1.10 -0.01 170 Alia Sat Telecom
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  • Page 21 Advertisements
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      168 21 Where to wine, dine and Dm*rs g«b card Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), 40% discount (CMId under 12 Metre) Dinner $2840 (Adult), 40% discount (Chid under 1.2 Metre) For reservations, please call 290 8005/299 9011.
      168 words
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      55 21 I J Jlk rang mahal Buffet Lunch, Noon to 2.30pm Dimwr63opm to 1030pm (Closed for lunch on Saturdays) Mr nrnnmmm, c* m (65) 3XM7BB«r tm M))SHMO \N«h ewery order ot a local or western delight (trom $6.90 4 vou to en t°V a sumptuous spread o\ salads and desse« c
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      86 21 flv 4& £L tfl Upper East Coast Road Sfcmpaw —1 Spring Court 449 503<v« Peking iBBf Dndf 1 HHpmoJ a. a. DirtlHUljr DOO StKD A Y m oet Lunch S9-SO Moo French Onion Soup/ Seafood Skewer Tiw Cream Of Mushroom Porte Rib Wed Clot Vegetable Soup/Beef Goiiaah Thu Seafood Gumbo
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      32 21 SfflRRI Wine Tasting m Every Weekday (5-7pm) Worldwide Selection 600 Labels Retail Wholesale Gift Pack, Hampers, Corporate Premium Rsvn: 835 0238 #4 Jr"** Shpg Ctr, #02-38 P m (Orchard Rd. Somerset MRT)
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      Lock icon Page 21 Advertisements Column 5
      103 21 Xino Asiaii Flavours 77w UnHmltad A-La-Carta BuHat at tha MX* month btanda popular orianlal tMahaa with flavoun found doaar to homa Wa cat) It Sino-Asian cutaina. Tty H and axpartanca tha uMmata m dining plaaaura. This promotion to avaHatato tor dinner from Monday to Friday and tor Mh tonch and
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  • WORLD news
    • Article
      Lock icon US business sales plunge 1.4% in June
      443 22 WASHINGTON Poor sales and 0.4% drop in inventories suggest the economy grew slower in Q2 than the 0.7% govt estimate Bloomberg US BUSINESS sales fell more in June than any other month in almost nine years, exceeding a drop in inventories and suggesting
      Bloomberg  -  443 words
    • Article
      Lock icon Bank of America to take US$1.25b charge
      444 22 CHARLOTTE It plans to exit auto leasing and lending to customers with poor credit histories Bloomberg BANK of America Corp, the No 3 US bank, will take a US$l.25 billion after-tax charge in the third quarter to exit auto leasing and lending to
      Bloomberg  -  444 words
    • Article
      Lock icon Deutsche Bank may merge with Commerzbank: report
      253 22 FRANKFURT AFP, Reuters DEUTSCHE Bank, the biggest German private bank, is considering merging with competitor Commerzbank, the weekly publication Wirtschafiswoche says in today's edition. Leaders from the two banks were looking at ways of merging their retail operations, the report said, quoting banking
      AFP,; Reuters  -  253 words
    • Article
      Lock icon Asian markets for start-ups to begin tie-up talks: paper
      251 22 ■TOKYO Reuters ASIAN markets for start-up companies, including Japan's Jasdaq over-the-counter market and South Korea's Kosdaq market, will meet in Seoul in October to begin tie-up talks, a newspaper said yesterday. Japan's Nihon Keizai Shimbun business daily said the possible alliance
      Reuters  -  251 words
    • Article
      Lock icon Euro strength seen to last till year-end
      479 23  -  Beyond that, weak European economies will take a toll on the common currency From] Neil Behrman in London THE tide at last is moving in favour of the euro. But the big question is whether the current upward spurt will continue in the
      479 words
    • Article
      Lock icon US$ fall may hurt profits in Europe
      384 23 Reuters [LONDON] Just as Europe's investors began hoping the worst was over for dwindling profits, an added uncertainty looms as the weakening US dollar threatens to dent bottom lines even further. The greenback fell to five-month lows against the euro yesterday, extending recent
      Reuters  -  384 words
    • Article
      Lock icon AT&T to book US$13b Q3 gain from spin-off
      233 23 NEW YORK Bloomberg AT&T Corp, the biggest US long-distance telephone and cable-television operator, will have a US$l3 billion third-quarter gain related to the separation of its mobilephone unit. AT&T Wireless Services Inc was separated on July 9 as part of the parent
      Bloomberg  -  233 words
    • Article, Illustration
      Lock icon Time to sell Berkshire, says Buffett author
      618 24 WASHINGTON Stock may have trouble outperforming SAP 500, says fund built on Buffett's buy-and-hold principles Bloomberg, Reuters AN author and money manager who popularised investment methods used by Warren Buffett has slashed his stake in Berkshire Hathaway Inc. Robert Hagstrom, who wrote 1994's
      Bloomberg,; Reuters  -  618 words
    • Article
      Lock icon Gates takes US$35m personal stake in Merck
      246 24 WASHINGTON His personal investment firm is helding6oo,ooo shares Bloomberg BILL Gates' personal investment fund reported holding 500,000 shares worth US$35 million in drugmaker Merck Co. Cascade Investment, the Microsoft chairman's investment company managed on his behalf by Michael Larson, disclosed the investment in
      Bloomberg  -  246 words
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      353 22 NEPTUNE ORIENT LINES LIMITED To All NOL Shareholders Regarding the Recent Suspension of NOL Shares At 9:00 am on Friday, 10 August, 2001, the Singapore Stock Exchange suspended trading of our shares. It is regrettable if the suspension has caused you concern and inconvenience. I am sure you were as
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      156 23 For over 20 years, our qualified professionals have been I assisting clients to venture offshore with confidence by I providing consultancy services on offshore structures, I shelf companies and incorporations in ALL jurisdictions I I including I British Virgin Islands Mauritius I Cayman Islands Hongkong 1 Bahamas Samoa Full nominee,
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      Lock icon Page 23 Advertisements Column 2
      203 23 St'*#*' ;2 |jg M~-- HBKQ^ia buyer to buy your Terms an* Coitions: i Trade-in will only be conducted at golf clubs when you dont know to do with them? Get an immediate Trade-in and its value are subjected to IH £%&£-■::.,> r Pan-West's inspection and approval. or choose H Items
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  • Article
    Lock icon SGX clob
    2111 24 BOMDS A WABRAMTS A ugu w hm/ tmtf MM UW 111 Willi km Immttm. Urn Mb MM 1 *—T «*—-rw» ta. 8«» w >—*»«. Who m m 393 26 t ASTIW*****1 28 -1 120 28.5 28 273 28.5 28 26.4 1 145 34 473 115 Amtak W0S0610_ 37.5
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      286 24 Mjgk b l&oMri Jm%' a IS Miyazaki Beef Set Mm fljF ——*—-7 Smoked Chicken with Jj||jl Mushroom with Bamboo |J|j|r Miyaiaki Sirloin Beef (appx lOQgna) ||j 4® JSB 2PS|s»® Braised Miyaiaki Shitake drJK with Sturgeon Cartilage Whole Kk* Prawn with Salty Egg C 811 Friad Rke with Minced Miyazaki Beef
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  • Article, Illustration
    Lock icon Enron CEO quite after 6 months in job
    360 25 DALLAS NYT JEFFREY Skilling, the chief executive of Enron Corp, stunned Wall Street on Tuesday by announcing he would quit after just six months in the top job, calling the move a "purely personal decision". But the abruptness of the departure left
    NYT  -  360 words
  • Article
    Lock icon STOCKS sgx
    5872 25 SOX MAINBOARD J3* *2* l—Q—»_ Oh m Cm a™ —9B 122 SSSSL *4- rm Le» —Sefcr Cm nt 3 w3 MULTMNDUSTRY 1 i? X 'lEiSLZ 2 133 39 38 38 39 as 193 06 10J 677 39 41 S Alliance Tech >0 «0.5 10 10 10 9 13
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  • BIZIT
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      Lock icon Solectron's latest acquisition fails to impress
      563 26  -  But CEO Koichi Nishimura says transaction provides the firm with access to automotive electronics industry, which it has specifically targeted for growth By Paul Chan LAST Thursday, NYSE-listed Solectron Corp, the world's largest electronics manufacturing services (EMS) company, announced it would buy Canada's C-MAC
      Source: Bloomberg  -  563 words
    • Article
      Lock icon Pioneer, JVC may end cell phone business
      321 26 AFP, Bloomberg [TOKYO] Japanese audio equipment makers Pioneer Corp and Victor Co of Japan Ltd (JVC) plan to withdraw from the mobile phone businesses, the Nihon Keizai Shimbun said yesterday. Pioneer, which entered the mobile phone business in 1994, currently manufacturers one-cell phone
      AFP,; Bloomberg  -  321 words
    • Article
      Lock icon Instant messaging users in Asia up 57% in 6 months
      239 26 ICQ and MSN Messenger main contenders Reuters [SINGAPORE] The numbers of people in Asia using instant messaging (LM) over the Internet grew by 57 per cent in the first six months of the year, Internet measurement company Net Value said
      Reuters  -  239 words
    • Article, Illustration
      Lock icon Applied Materials edges past forecasts with US$41m Q3 profit
      441 26 But it says it cannot predict an end to the industry slump NYT [SAN FRANCISCO] Applied Materials, the world's largest manufacturer of chip-making equipment, reported thirdquarter earnings on Tuesday that beat Wall Street's expectations by two cents a share but said
      NYT; FILE PHOTO  -  441 words
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      Lock icon Linux goes to Hollywood
      404 26 Reuters [NEW YORK) Hollywood's latest rising star is Linux, the upstart operating system that serves as an alternative to Microsoft Corp's Windows. And as studios move to embrace the freely available Linux for their special effects and animation needs, technology giants are taking notice. International Business
      Reuters; FILE PHOTO  -  404 words
    • Article
      Lock icon Legend's HK$251m Q1 net beats predictions
      401 26 Bloomberg [HONG KONG] Legend Holdings Ltd's profit for the fiscal first quarter beat expectations by almost a half as China's biggest personal computer maker sold more PCs and reduced its costs for making them. The stock soared 6 per cent. Net income in the
      Bloomberg  -  401 words
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      Lock icon Growing need for a services state of mind
      707 27  -  The slowdown isn't stopping IT majors from expanding into services. There are good reasons why, and non-IT firms can learn from them too I-ii comment TECHNOLOGY kenneth james THE legal limit for driving safely may start to occur as early as 17
      707 words
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      Lock icon Savi's RF road to profitability
      889 27  -  Investors here include the EDA and Temasek Holdings From. Jennifer Lien in Silicon Valley IT ALL started out with a missing child in a department store in the late *****. A Stanford University engineer, Rob Reis, lost, then found, his two-year-old child while shopping. Being
      JENNIFER LIEN  -  889 words
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      Lock icon Serial System develops first multi-purpose storage device
      313 27  -  By Chen Huifen MAINBOARD-LISTED Serial System Ltd has developed a multi-purpose portable storage device that can save and retrieve data in various formats and from many sources. Called "mine", Serial said it invested more than $1.5 million to design and develop the technology,
      313 words
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      Lock icon Positive PC growth in Asia likely in H2 despite slump
      629 28  -  The new study from Gartner, however, says Singapore is unlikely to see a robust pickup in sales of personal computers until next year, raju has the details luexclusive RAJU CHELLAM THE Asia-Pacific region will see a positive growth in personal
      Source: Gartner Inc  -  629 words
    • Article
      Lock icon SNS unveils new corporate brand
      352 28  -  The first service nnder CrimsonLogkc will be Asian Connect, a website that businesses can nse for market intelligence in the Asia-Pac region Bu Leo Kee Chye SINGAPORE Network Services Pte Ltd (SNS), which offers ASP (Application Service Provider) services, yesterday unveiled its new corporate brand
      352 words
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      1727 27 Notices Engineering NOTICE IS HEREBY GIVEN lhat the Annual General Meeting of RRST ENGINEERING UMTTED ("the Company") wfl be held at Ma 26 Woodbnds Loop *07-00, First Engineering Techno Centre, Singapore *****7 on Friday. 31 August 2001 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive
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  • SHIPPING TIMES
    • Article
      Lock icon FREIGHT MARKET
      146 29 Reuters THE Baltic Dry Index (BDI) fell four to 971, the BftlHr p*nam»T TnHw (BPI) was up five points to 890, the Baltic Handymax Index (BHI) dropped 38 points to 7,814 and the Baltic Capesiie Index (BCI) was down 13 points t to 1,151 TDCErCBABTEBi ♦Aldebaran *****4500 dwt
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      Lock icon MARITIME STOCKS
      223 29 m immwmm* Ha *_5L CWTBMriMtofl 0.52 -0.01 40 OwwlMup 0J3 0.01 t» 0J» a<X 42S rntaMlMi aoa uncfi 240 MtCunqt 0.52 unc* 0 —5.60 wen o UllWlMmi OM 528 KmmlCmp 134 -0.02 1840 MppdFCLS 152 undi 1331 mk»i M7 ST* 100 -042 520 Hlrtw 0.28 i«cft 20 MM**
      223 words
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      Lock icon High risk premiums drive main lines from Colombo
      447 29  -  Underwriters' harsh stand on war risk premiums hit transhipment hnb status of port By. Donald Urquhart [SINGAPORE] Sri Lanka's port crisis has deepened to such an extent that major shipping lines are bypassing the Colombo transhipment hub. Major mainline container carriers including
      447 words
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      Lock icon Flemming Ipsen leaving S"pore to head Maersk Air
      444 29  -  By Donald Urquhart [SINGAPORE] Flemming Ipsen, the Maersk Sealand executive largely responsible for moving its Asia transhipment hub from Singaporeto the Malaysian Port of Pelepas (PTP), is leaving Singapore on a new assignment. Mr Ipsen, the Danish line's Asia managing director, informed
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      Lock icon Cosco S'pore to hive off non-shipping businesses
      402 29  -  By] Beth Jinks [SINGAPORE] The Singa-pore-listed arm of China's biggest shipping line, Cosco Investments, will divest all non-shipping related subsidiaries, its president Ji Hai Sheng announced yesterday. Speaking at the company's interim results briefing, Mr Ji said the seven-cbmpany group's 559.2 million half
      402 words
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        Lock icon Risk for Virgin, SIA in BA's tie-up with American
        852 30 The proposed alliance of British Airways and American Airlines if it goes ahead, is expected to lead to greater competition at Heathrow airport This could affect the profitability of Virgin Atlantic Reuters [LONDON] Prospectively keener competition at London's Heathrow airport could
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      Lock icon SHIPPING SCHEDULES INDEX
      140 30 PACE t$ftmttf 5 Assets 5 BSA 7 f tang Has 6 •COB 7 CMACCN 3 COSCO 3 Cotony Log 5 i Central Ex 6 China Slipq 5 Cougar 7 t CVTCkftefink 7 (Mmas 4 DJakUoyd 6 Dongnanu 3 ECL 4 ECU Line S/6/7 Ewrfreta 6 Fooofl Sur
      140 words
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      5939 36 THEBUSINESSTIMES Page 8 EXPORT THURSDAY, AUGUST 16, 2001 eta ETA Advartbar VnM Voyaga Talapftona jjN_p*g" lb ABIDJAN (ABJ) 2003 Cot* D'I voir* vm nm mm hyunoai highness iuw u-ssttm vm ivn wan Hung excellence contain eckms 45-*****33 lb ADELAIDE (ADU 2007 Australia Ztm H/W Hyundai MM molwaratah oots
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    • AIR & LAND transport
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        Lock icon Virgin Blue may sell shares, expand Aussie fleet
        465 37 Discount carrier has just 14 aircraft against Qantas' core fleet of 107 and Ansett's fleet of 64 Bloomberg [BRISBANE] Richard Branson's Virgin Blue airline may sell shares in Australia, adding to its fleet to win business from Qantas Airways and Air New
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      • Article, Illustration
        Lock icon Plea to spare TWA terminal
        55 37 [NEW YORK] The TWA Terminal Five designed by Eero Saarinen at John F Kennedy International Airport, New York. A group of well-known architects and preservationists pleaded for Kennedy Airport's landmark TWA terminal, a swooping masterpiece that conjures the idea of flight to be preserved with
        AP  -  55 words
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        Lock icon Turkish Airlines to sell seven Airbuses
        256 37 Reuters [ISTANBUL] Turkish Airlines (THY) said it aimed to sell its seven long-range Airbus A3lO/300 aircraft by 2003, as part of plans to lease aircraft instead of owning them. THY spokesman Faik Akin said the airline's board decided late last week to sell the
        Reuters  -  256 words
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        Lock icon Korean Air 1st-half loss widens 75% to 346b won
        603 37 But analysts see better H2 on rise in passenger traffic Reuters [SEOUL] South Korea's flagship carrier Korean Air Lines said on Tuesday its net loss widened 74.9 per cent to 345.9 billion won (***** million) in the first half of the
        Reuters  -  603 words
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        Lock icon BA considers taking on SAS in Scandinavian stronghold
        287 37 British carrier may offer flights between Oslo, Copenhagen, Stockholm AFP (COPENHAGEN] British Airways is considering attacking the Scandinavian airline market which is dominated by Scandinavian Airlines System (SAS), the Boersen economic newspaper reported. BA was thinking of offering at least 10 flights
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        1574 37 on maw m n— w MMMi U7301 fix *****2 2055 tm mm Hmtartta S03S 0700 64*70 OOD *U37 MM (UN 2255 «4 QB MM R2420* 2045 N2420S M mm mm w MM W 0M21 000 SOK 0W SOW M20 W422 BOO own wot ire —i aa
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        Lock icon Integrated Taiwan-China cargo services get good response
        625 38  -  Firms exporting products from the Chinese mainland to other countries are using the new services which allow faster delivery at lower costs, reports P T BANGSBERG P T BANGSBERG INTEGRATED outbound sea and air cargo services between Taiwan and China are officially operating
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        Lock icon Southern Air, China Post in extensive deal
        197 38  -  Mail will be carried by group's airlines, air tickets will be sold at post offices By Beth Jinks [SINGAPORE] China's Southern Airlines Group last week signed an extensive mainland postal and logistics a g rp > r r K > nt with China
        197 words
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        Lock icon Descartes forecasts US$20m Q2 net loss
        180 38 [SINGAPORE] Supply chain management software and services company Descartes Systems Group Inc this week announced it expected a net loss of about US$2O million in its second quarter and will sack 70 employees. The results, as of July 31, follow on from a US$4.5
        180 words
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      47 29 LOGISTICS PjMfc Integrated Ttfra-CMm cargo services ttgead BackPg Risk for Virgin, SU in M Auric— th-ep Pg2 Virgin Blue may tell Aussie fleet Pgs l /f) rV 7 KrU^r i vi "*+> Now stretching to 22 Boxes across. Hll p: (f ww w. ptp.c o m m y
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      523 30 NORTH AMERICA GULF/INDIA SUB-CONTINENT j SUPER BHUTTLEI MHWBU jSSX) 1 HM# IQWCW fXF»m fQIQQ ¥fSMt I| vcsa 1 VOT I MA~ DM I MB I' ill OOQ CU.JFOCMU 55W30 01/ M H/M 11/ M RTIVMO lik lUM 11/ M zzr \z :z s 5: z !>■») *QWBuoT»aAuocA i« n/m n/m
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      578 30 Line* services represented by |2E@93 M mbw o* <* \XgOW Accredited Shipping Agents, Singapore Shipping Association i m morion*t 3 Members of the Singapore logistics Association II l*Y UM MALI vissa voy m Tn* nitt P.KIANG SPOKf MALI Empress lity VO7Ol 02/09 03/09 11/09 Princ«ssUly VO7Ol 18/09 19/09 26/09 Empress
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      803 31 iTini i iw^ TO USA (SAX SERVICE) vpsa vot swra uu oak ml hou cm coi men m. nyc I apl Scotland 1021 n/n 00/09 n/09 11/00 11/09 u/oo n/w n/w 11/09 13/09 APICTHHNI H® 13/09 10/09 10/09 10/09 11/09 19/09 10/09 20/09 20/09 APHOUTI 1051 05/09 20/01 25/00 25/00
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      1414 31 CQOAI AGtNTS IN SMOAfOtt: ?®J!95!5?? I .*®A""®® MUS/MGS TH: *****57/43 FAX. 73A5371/71 MALAYSIA OfFKI PASB GUDAHG TH- 17-IUIIU MX- it.kmim COSTAK SNIMIN6 PTI LTD S*J*??L2ffftL ounrttop/u ms*{ tjasms/ts rSnnSm oj-aotmoj SJSsua a MO; **********0 M HL *****00 (MAM) INWARD (D 0 *****14 71A5319/49 KNANG 04-*****99 04^*****99 T/SHIP MKT *****7S *****14/44
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      312 31 poos S SEE EDS j^,''" ymmsm* rasa wr m to. hp m bsi re »c wt sm jit m wmtmmm mis iy iy mi 1 v wmhimim ftfj —jflj mmm ww -ux urn *m \m nm nm t\/m gjffljffl llfi ggj AA *QUP W7i im n/w hm Kfrff iffMrmSßH JBK
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      748 32 *§8k SENATOR LINES TOMBOUIMt/mMMftmUA w WW 1M m h Ml m u mmm I vor I I ni lan I m T~m MMMPMK MIIW KM MM HM VM MM MM MM tllßOf MISW ||M MM MM MJt MM lUMNMIX MMW IMI lIM MM MM JIM AM MISW IM HM *J»
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      614 32 IffcAfl MAC-NELS SPORE M'SIA I —I Cwrltf: Ml CONTR LMES, M 6 p. qudangl <ot)aassTae ir^c/ vj Z2ZJS2ltzi—, PCWAMQ:fO<)aO4O6 BANGKOK: (MZ) 23M857 SURABAYA. (31) *****11 P- KELAWQ: (03) MS2S77 JKT gl) WOQ46 KUCIIQ (Og) Q44M-3 XINGANG LE HAVRE MV "MILLENIA TOWER" V.003E MV "PORTLAND SENATOR" ETA SIN: 19-08-2001 ETA SIN:
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      430 32 WEEKLY EXPRESS SAJUNG SCHEDULE WESTBOUND TO: COLOMBO t NHMM SHEW (CFS MULUND, MUMMf) ALSO ACCEPTM6 TO MI NORTHBW AM) WESTBM CO POOTO *osa ham I rrrr hmffrniTinn nrJ in—aw I—t" WHBA Vg-MOH ioufhus* miis nut kmk nun mmaw mmmm m MS llfi E7AK II» KV MMHQSWJ MBIffIJK Tll» W NAfIUMEVKB
      430 words
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      1397 33 IVISSfI VOY KHH HKO I SIN I Wtt I DXi —UB DMM ijK MAN ISFAHAN PCL-220 14/08 15/08 It/Ot 19/08 26/08 ***** 29?0l 31/08 IRAN HOftMOZGAN PCI-Ml 21/08 22/0# 23/08 26/08 02/09 03/09 05/09 07/09 IRAN TEHRAN PCL-222 28/08 29/08 01/09 02/09 09/09 10/09 12/09 14/09 IRAN TABATABAEI PCI-223 04/09
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      350 33 UK CONTINENT SERVICE Loading lor NAZLIG RDM/ATW/BMNAJK/LPI TINA 1 RDM/ATW/BMN/UK/LPL Loads Sngapore, Malaysia. Indonesia MIDDLE-EAST SERVICE Loading tor AL QAWIYYU JDH/AQA HATIME ANA JDH/AQA ALCESTIS DBI/ABU/DOH/BRN/DMM/KWT PRABHU DAS DBVABU/DOH/BRN/DMM/KWT "Loads Sngapore. E7W. Malaysia. Indonesia USA SERVICE Loacftngfor CUO PACIFIC CAM/NFK/SAV/NOL ASTROMAfI MZIAAX/VCW/VCB JIN SHENG CAM/NFK/SAV/NOL 'Loads EJW Malaysia. Indonesia F.E./S.E.A.
      350 words
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      1156 33 1 tmrnymruminmamM W® VOT SM MG SNA IGC |UO VBSa I VOT Si I W MTP LOt JiSilai Bfil» 27/00 QI/W 04/w 07/w IqTdT J& 2L31 M| 2VB JIMMIM Ifill fli3B MJJ 11/W IVM 17/ M luthuimum"' &S r>rm aZaL *TC«»HUM «0M IOW 15,01 11/W 71/09 74/01 OttMIHUM* iITi JfTH
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      1153 34 Mrll'llillillia BUROM/UK/SCANMNAVIA EXPORT VBsa/vomei sgp I owing 1 w<v |we m Iwv BaoßwtowiiHgo i?/a wn w_■ oyw a/n orw UUMDOICiOW 19/Qi OfcW mm M/W BRDfIMMCOKIRMIi 2MR OMU M/W 11/Q9 IVW IVW OIIMMMWOMPW Ml l*w|- |ISW|I»W £XPO«T VESSB/YOYAGE I SGP I TIA GNA FOS KN VIC IK EVBI GOLDei 0113-OKNV 73/W
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      342 34 AKU Wm>nl SINGAPORE PTE LTD > 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 lohore Bahru Office Tel: (07) *****18 Fax. (07) *****62 SERVICE To BASEL/ZURICH SWITZERLAND PO I ALSO ACCEPTING INLAND PORTS: BERN GENEVE LAUSANNE ST.GALLEN LUCERNE CHIASSO
      342 words
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      131 34 V» LINER SHIPPING PTE LTD 1M A 10 ANSON ROAD. #17-01 INTERNATIONAL PLAZA. SINGAPORE 0207 TEL: 22*133(20 UNES) TELEX: RS ***** LSSHIP FAX: *****13 BANDAR AURAS AJiU DHAJO! DA MM AM BAHRAIN JKDDAU UYADH WAIT mmm rr agggggg iW, k 1 Tkr MMMr E— ETA SIN MIDDLK RACT PORTS 1M
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      454 34 INDONESIA NATIONAL LINE TO AUSTRALIA FULL CONTEMNERIBTVICC *a hi nt i m m nt "STTw 48 inti/i 11/H ti/m mmn «TT amnm w— "iiT a/ww/w iyw ii/w T ww m n/wn/w iy/w tyw n/m b/w FEEDER SERVICE TO INDONESIA *5 wr stow gum ra iiM» tu-n> TM I I "mi
      454 words
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      364 35 BSfl A <^HET*TT=T3nF7eir^S?^rfsS| !S W wm MYANMA wBBk FIVE STAR UNE (Mvmmmt N«tiM«i Um) Looloi f#c Yoafoa «ssa WT SM PB PM P6U MPA-AN 700W n ■ONG LA AMI SU OAUTSIA AMIS: OOtSTIAO SMPPM6 A4BIQB Ok 1H M-*****1M PIL TE 01-*****101 PBfc IB 04-M***** POfe TH 07-*****1/4 BANK LINE (A
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      948 35 HMNE= _HYUNDAj_MERCHANT MARINE CO.. LTD. wr_ j»__jm_ jm_ mso wr a Hnj~~AM~ mm ~m~ £S£2 152 H£! K/m mm Wv *m yjg... m/m m/m opibautsm mm a/w n/w */v io/w m.mmm iotw io£ io/m m/m m/m ntbmmss an m/v ia/v io/w 71/w ii/m ?E2 1,/w «*baas v/v nw 27/07 m/v
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      686 35 v\ftv WALLENIUS WILHELMSEN TO NORTH AND UTIN AMERICA 'CAR RORO HEAVYUfT SERVKE' ivissa vot um wgwt Is«i uc j map Ima I say lutl o» 1 wtc Imw I men t 12?" MI w 11/11 14/19 11/19 a/19 wSSIt i! J2S iI/2 K/ M/,# #,/n w/n 4/n "Z" ttfttl AHIH
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  • Page 37 Miscellaneous
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      124 37 LEGEND: IssiMd by Meteorological Servicepore K Thunderstorm Shower* o R®»n emperature Wind direction and speed in knots Cloudy Day We,lh W oo Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds ..I ®'9ht, <1 2m J —-One hall fleche represents 5
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