The Business Times, 29 August 2001

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Microfilm: NL23108
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES MfTA (P) 107/03/2001 interret: http: business-times.asial .com.sg/ S I N G A P O R E WEDNESDAY. AUGUST 29, 2001 85*
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  • Article
    Lock icon MARKET SUMMARY
    79 1 □an U4M6H3O) QBT-SKI mM ML4C (-2.64) ri st narcx futures mm M3LM (-7.00) □smsa pimjiua 199 JO (-0.40) STOCK BAIIET INDICES Tuesday Change KLSECOMP »L47 -176 NIKKEI 224 11,188.40 -fell BANG SENG I UM4I +&81 SET INDEX m* -102 JAKARTA COMP _44tM 417 MANILA COMP —*****9 4.99 TAIPEI
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  • Article
    Lock icon FINANCE
    82 1 FOBEX BATES USS St l"SS (SS per USS) L7M £(l"SS/SS per 1.439 1524 EUBO(USS/SS/E) 0i04 liW DM lie 1UJ YEN 120.4 68.70 RX 1800 1107 HKS 7.800 4.448 BAHT 44 JO 2&26 H3PIAH 8386 5,066 •s$ to 100 Knits FUSE RATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA ».«0 BANGKOK
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  • Article
    Lock icon US consumer confidence sinks to lowest in 4 months
    531 1 Fall in Conference Board's index to 114.3 in Angnst catches market by surprise [NEW YORK] US consumer confidence fell unexpectedly to its lowest level in four months in August as a weakening job market weighed on consumers and threatened to undermine
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  • Article
    Lock icon Govt may soon allow limited partnerships
    761 1  -  Aim is to allow companies to choose business structure that best suits them By I Siow Li Sen [SINGAPORE] As part of a thorough review of Singapore's corporate law, the government is considering proposals for two new forms of incorporation for Singapore businesses limited
    761 words
  • Article, Illustration
    Lock icon S'pore firm, N Korea sow seeds for tree planting venture
    447 1 AP [SINGAPORE] A Singapore company signed a joint venture deal with the North Korean government yesterday to grow hardwood trees on a massive plantation near Pyongyang, the capital of the reclusive communist state. The agreement was signed in Singapore by
    AP; ABDUL AZIZ HUSSIN/ST  -  447 words
  • Article
    Lock icon S'pore finance sector braces for wave of layoffs
    724 1  -  P-iiexclusive Many bank execs will be hit, not jnst clerical staff Reports by] Ling Su Ann [SINGAPORE] Singapore's financial sector is bracing for possibly the worst layoffs it has seen. Aside from some 3,000 job losses from local bank mergers, hundreds more
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  • Article
    Lock icon Biggest cuts will come from merged local banks
    339 1 [SINGAPORE] Singapore's local banks have been relatively quiet about cutbacks apart from announcing a few cost-cutting measures and pay-cuts. But the job cuts likely to be made by local banks following their mergers are expected to outstrip those by foreign banks, given
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      54 1 maim; Top Stories SingTel's Optus share offer set to become unconditional. Pg3 Maybank profit slips 38% to RM839.6m. Pg 13 Megawati ashamed Indonesia needs neighbours' help, f* 19 Ericsson, Sony to merge mobile phone ops in Oct Pg 17 Hock Lock Slow Furniture retailer Courts moving in the right direction.
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      23 1 Li Ka-shing's HKslsm show of confidence BT COMMENT Larry Wee, Pg 6 Christopher Tan, Pg 20 Insurance: Pay for only what you need
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      7 1 US Budget seen in deficit, Pg 17
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  • NEXT page
    • Article
      Lock icon Sweetheart deals are over for Indon conglomerates
      558 2  -  I-H exclusive Under new IMF deal, Ibra's corporate debt plans will be based on independent assessments From I Shoeb Kagda in Jakarta INDONESIA'S large debt-rid-den conglomerates are no longer going to enjoy sweetheart deals when negotiating debt restructuring workouts with the Indonesian Bank
      558 words
    • ON THE grapevine
      • Article
        Lock icon Taking things easy in America
        73 2 MUCH has been written about the famous Protestant work ethic that helped build up America. But it could be vanishing The latest survey by Roper Starch Worldwide fouPlyB4pei the most important thing in their life. In 1975, almost 48 per cent felt that way. In
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      • Article
        Lock icon Try measuring up to Goldman Sachs
        97 2 YOU may think Singapore banks have the financial muscle to go international. Now look at how a world-class bank really operates. US investment bank Goldman Sachs last year spent US$l.6 billion —more than the combined revenue of Yahoo, eßay and E-Trade —to build a
        97 words
    • Article, Illustration
      Lock icon Japanese govt split over economic strategy
      722 2  -  Ministers disagree over priority for stimulus or reform From Anthony Rowley in Tokyo AS official data confirmed yesterday that Japan's jobless rate hit a post-War record high of 5 per cent in July, disarray within the government over management of the economy was thrown
      722 words
    • Article
      Lock icon Hitachi declines comment on job losses in Singapore
      296 2  -  By\ David Boey [SINGAPORE] Major local employer Hitachi, which has more than 5,000 people on its books here, declined to comment yesterday on reports in Japanese newspapers that it will close more loss-making factories overseas. The weekend reports said the Tokyo-based electronics
      296 words
    • Article, Illustration
      Lock icon Taxis offering Japan's unemployed a small lift
      458 2 Growing number of white-collar workers becoming cab drivers AFP [TOKYO] Out of work and desperate, an increasing number of Japanese white-collar workers are turning to the taxi business as a way to make ends meet as Japan's Jobless rate hits a record high.
      AFP  -  458 words
    • Article
      Lock icon Loss-making DBS Thai Danu Securities to close next month
      575 2  -  It has just 0.38% share of what is a small market amid stiff competition From] Harish Mehta in Bangkok DBS Bank's loss-making Thai brokerage, DBS Thai Danu Securities Ltd, will shut next month, becoming the first Singapore-owned brokerage to fold in
      575 words
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      217 2 gl| b a I FRANCHISING2OOI ni wc.iiii in tmt iin i mmm 19 21 September 2001 Singapore Interwbuned Convention t ExhUbon Cenbe 150 Business Opportunities! A us'l most international franchise event brings you over 150 top-notch franchises from 18 countries. With a huge selection of brand names from a wide
      217 words
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      11 2 The Bottom Lines A tsunami bearing down on Koizumi, Pg 10
      11 words
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  • SINGAPORE companies
    • Article
      Lock icon SingTel's Optus share offer set to become unconditional
      384 3  -  Those who've opted for Sing Tel shares will get dividend By\ Teh Hooi Ling SINGAPORE Telecom's offer to buy all ordinary shares of Australia's Cable Wireless Optus is likely to become wholly unconditional today. Sing Tel will first need to declare it
      384 words
    • Article
      Lock icon Hong Leong Fin H1 profit down 15% on lower margins
      450 3  -  At Singapore Finance, net earnings slip 5.4% to $20.8 m By Conrad Raj BUSINESS has never been better at Hong Leong Finance and its soon-to-be-merged listed subsidiary Singapore Finance, but competitive pressures squeezed margins so much that it led to
      450 words
    • Article
      Lock icon Oakwell gets nod to hold winding-up proceedings
      340 3  -  By' Teh Hooi Ling OAKWELL Engineering said yesterday it has secured inprinciple agreement from its creditors to hold winding-up proceedings so it can propose a scheme to restructure its debts. About 85 per cent of Oakweil's total liabilities are owed to these creditors.
      340 words
    • Article
      Lock icon Courts moving in the right direction
      692 3  -  lock siew wong wei kong IN the light of all the focus on fair and complete disclosure, what Courts did last week was notable: On Friday, it issued a statement to the Singapore Exchange (SGX) disclosing what it had told analysts in a briefmg
      692 words
    • Article
      Lock icon Prima makes $12.5m from KCH shares, wrts sale
      144 4 PRIMA Group Prima Ltd and its subsidiaries has made a gain of $12.5 million from the sale of Keppel Capital Holdings (KCH) shares and warrants. Prima yesterday said the group has disposed of all KCH shares and warrants for $26 million. The
      144 words
    • Article
      Lock icon Omni interim profit drops 7% to $15.6 million
      472 4  -  Chip equipment, component distribution units suffered losses By, Serena Ng HOMEGROWN electronics contract manufacturer Omni Industries, which will soon become part of Canada's Celestica, yesterday posted a 7-per-cent fall in interim net profit to $15.6 million in what was probably its last
      472 words
    • Article
      Lock icon Magnecomp's H1 net gain plummets 89%
      240 4  -  By\ Rachel Ong THE downturn in the global personal computers market has claimed another casualty disk-drive component supplier Magnecomp International Ltd. Yesterday, it announced that its halfyear net profit had slid a whopping 89.1 per cent to near-breakeven of $660,000. And, unless there is
      240 words
    • Article
      Lock icon CSA's US parent blocks bid for new director
      588 4  -  Computer Sciences Corp reiterates intention to delist CSA By\ Serena Ng MINORITY shareholders yesterday, failed to get a new director on to the board of information systems specialist CSA Holdings when the company's US parent Computer Sciences Corp (CSC) voted down the
      588 words
    • Article
      Lock icon Deals worth $53.5m for Chip Eng Seng, Seatown
      227 4  -  Byi Andrea Tan TWO listed builders Chip Eng Seng Corp and Seatown Corp announced yesterday that they have clinched a total of $53.5 million in new contracts. Chip Eng Seng beat 22 other contenders for the $38.3 million job to redevelop the
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    • COMPANY Briefs
      • Article
        Lock icon H1 net drops 23% at United Engineers
        66 4 UNITED Engineers reported that first-half2ool net profit fell 23 per cent to $5.4 million. Group turnover dropped 5 per cent to $197.6 million due mainly to the exclusion of pharmaceutical retail turnover which was divested in the last quarter of2ooo. Excluding the divested
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      • Article
        Lock icon PBC's interim net gain falls 22% to $4m
        64 4 PROVISIONS Suppliers Corp (PSC) said first-half2ool net profit Cell 22 per cent to $4.1 million. Group turnover posted a marginal fall of 1.18 per cent to $79.87 million. consumer and industrial products segment Cared better than a year ago, but this was
        64 words
      • Article
        Lock icon Tat Seng IPO of 39m shares at 21c each
        82 4 CORRUGATTSD paper packaging manufacturer Tat Seng J yesterday launched its initial public offering of 38.8 miDnP shares at 21 cents apiece. TTk total share offer includes a public tranche of two million new shares and 37.3 million placement shares. Included in
        82 words
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      158 3 «r w ---j%- e v jT! r v r y Jl~ u w< >"J'~ J I ■**#(P r —13***.., iWMMVff 1 1' WH, aHi > HPfU-- BRED TO GO ANYWHERE. ln a Wlts,ib,shl Pi, l«'° V ou can navigate nigged off-road terrain and negotiate gridlocks m the city with ease
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      261 4 Star Cruises profit up in HI despite poor Q2 A Shipping Pg 1 —-4*-—: r» i j Intentia is the world's leading supplier of e-collaboration solutions. Our O, f a business concept is to develop and make business processes more effective [I l€ 11 II d by combining software and
      261 words
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      Lock icon Page 4 Advertisements Column 2
      219 4 Tat Seng Packaging Group Ltd. (Incorporated in the Republic of Singapore on 22 December 1977) Invitation in respect of 39,300,000 new ordinary shares of $0.20 each comprising: (A) 2,000,000 Offer Shares at $0.21 for each Offer Share by way of public offer; and (B) 37,300,000 Placement Shares by way of
      219 words
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      38 5 Do you think about SECURITY when you I think about the new high-speed internet? I You'dbetter. I m f ,>..•# m— w M 1 V» »V l >> •••.> t t< /y. o,'..•••*>•« ?i- Z jJfei 1 gS* <r-,-;. y .-*■>.- '+*L*i
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      506 6 Theoretical values before Dec 31, *96 PNEIndlOc 25,691,000 AddvalTech 2.5c 10,797,000 SingTel 15c 5,801,000 Parkway H 25c 4,927,000 TACB*****0 *****00 Boon Intl 20c 4,255,000 TT W 15c 3,868,000 DBS Grp 3,689,000 Autron 3,631,000 TiarflnZhong 3,299,000 DBS Grp 49,550,849 OUB 27,639,800 UOB 17,734,280 VentureMI&25c 15,380,000 TACBtlO 200....... 14,991,771 Chart Semiconductor 26c
      506 words
    • Article, Illustration
      Lock icon Market meanders on lack of follow-through buying
      577 6  -  l- l I comment STOCKS r. sivanithy IT WAS the same old story in the local stock market yesterday a weak-to-sideways drift in ever-thin-ning volume with only a handful of counters moving the Straits Times Index. No one seemed willing to take a
      577 words
    • Article, Illustration
      Lock icon How far can the greenback recover?
      610 6  -  llonger view CURRENCIES Watch key euro rapport at 90 US cents and an old US$ index rapport at 114 larry wee THOSE who rely heavily on exports to the US breathed a collective sigh of relief after a Friday rally on Wall Street lifted
      Source: Reuters  -  610 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2676 6 UNIT TRUSTS FUNDS CMG First State APGrFd!** 0.630 0.66S ■UulSUUsUiallHIBHH CMG F S Alii lnr>o8Tech Fd 0.425 0.450 CMG F S Internet6 Com Fd 0.325 0.345 Aberdeen tatt Mgt Asia Ltd CMG First China Fd!" 0.590 0.620 CMG First S Reg India Fd 0.660 0.695 £!r*l221Z£!2! nM BO CMG First
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      485 7 For people on the move over the Internet. You already know and trust Fujitsu for their scanners, MOs, hard disks and notebooks... now it's time to discover Fujitsu PRIMERGY Servers. If you're operating on the forefront of technology using the Internet as a daily business tool look no further. We
      485 words
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  • SINGAPORE news
    • Article
      Lock icon CapitaLand seen selling 10 The Levelz units for $830 psf
      361 8  -  Estimates pot Capit&Land's margins at 17% after land value writedown By* Andrea Tan PROPERTY giant Capita Land has sold about 10 units at The Levelz, a freehold condominium in Farrer Road, for $830 per sq ft, sources said yesterday. The
      361 words
    • Article
      Lock icon Virgin, ChinaVest plan pan-Asian radio network
      304 8 Virgin Radio Ada in talks to gain control of stations in region RICHARD Branson's Virgin Group and venture capital firm China Vest are set to rule the airwaves in Asia by joining hands to launch a network of FM radio stations throughout the region.
      304 words
    • Article
      Lock icon H1 CPI rise highest for low-income group
      386 9 the economy inflation AS in previous periods, the rise in consumer prices during the first half of this year was highest for the lowest income group. For households in the top income bracket, prices actually eased, due mainly to lower car prices. Figures
      386 words
    • Article
      Lock icon Theme-park consortium plans SGX listing
      273 9  -  Straco, STIC unit, China's Poly Group are stakeholders From) Eugene Low mXian, China A SINGAPORE-Chinese consortium, which develops tourism projects in China, aims to list on the Singapore Exchange by the middle of next year. The consortium comprises Singapore companies Straco Investment and Singapore Technologies
      273 words
    • Article
      Lock icon Opportunities await in western China
      279 9 OPPORTUNITIES abound in western China and Singapore businessmen should move in quickly to gain a foothold in the region's fast-growing markets, say businessmen on a Trade Development Boardorganised mission to China's western provinces. Speaking to BT at the end of their 10-day visit, they said
      279 words
    • Article, Illustration
      Lock icon NTUC raises package of reliefs to $35.3m
      295 9  -  Co-ops to extend help for workers till June next year By] Rachel Ong THE National Trades Union Congress family of cooperatives yesterday announced that it was extending its month-long National Day package for a year to help the man-in-the-street cope with the downturn.
      FILE PHOTO  -  295 words
    • Article
      Lock icon HDB, URA to offer night parking choice
      190 9 THE Housing and Development Board (HDB) and the Urban Redevelopment Authority (URA) will extend until lam half-hourly parking in public carparks that allow for night parking. The extension takes effect this Saturday. At present, half-hourly parking ends at 10.30 pm in HDB carparks
      190 words
    • Article
      Lock icon Team up for success
      113 9  -  I 'j 1 n bag Joe Tan Tech Huat LEADERSHIP shows in times of crisis that's how I felt after watching the telecast of Prime Minister Goh's National Day Rally speech. I am now convinced that we are a very fortunate people led by a team
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      3186 8 Notices (INCORPORATED IN MALAYSIA) (Company No: 5303-W) I. Prt-ecf tilttee hvMi Exposuns of tfw Group is of (b) Gross Lotns. Advances end financing Analysed Dy their Econofnc Purposes: There were no prt-acquisKxyi profKs during me financial period ended June 30.2001 MMOI IVttMl MM Tfclw I. ProMeaßaMeflesiiMielii>M*rfte»ertlee r> s s s
      3,186 words
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      348 9 generation butiness UEEQ i i d ii» y wSmmi Mil i>i i mmi i hmiiij Only IBM Net Vista computers come with a 3-year warranty on parts, labour and on-site maintenance. Isn't it comforting to know that you can count on us for the best support should you ever need
      348 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon A tsunami bearing down on Koizumi
      834 10  -  ■TTTT4 1 bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent THE Japanese public's infatuation with Prime Minister Junichiro Koizumi (there is no other way to describe such unquestioning adulation) may be about to end as the brutal reality of rising unemployment
      834 words
    • Article
      Lock icon IN OTHER WORDS
      49 10 'If I were an ostrich, I would bury my head in the ground. A small country like Myanmar is able to produce large amounts of rice and sell to a big country like Indonesia' Megawati Sukarnoputri the Indonesian president, on the state of her poverty-stricken nation.
      49 words
    • Article
      Lock icon Getting Asean going again
      593 10 EDITORIAL AT LONG last, things are looking up for the Association of South-east Asian Nations (Asean). There is clearly a more upbeat mood and a sense of purpose, after a flurry of visits by three Asean leaders to their neighbours this past week. The regional grouping,
      593 words
    • Article, Illustration
      Lock icon Growing without driving away the world
      1001 10  -  Thailand risks serious economic disruption if it hastily discards its proven growth model without good substitutes From] Harish Mehta The writer is BT's Bangkok correspondent in Bangkok TO the majority of the Thai people, their popular tycoon-prime minister, Thaksin Shinawatra, is not just an
      AFP  -  1,001 words
    • Article
      Lock icon New intent to reform
      453 10 COMMENTARY Editorial in The Jakarta Post THE fewer programmes of action stipulated in the new Letter of Intent (Lol) signed by the Indonesian government and the International Monetary Fund (IMF) on Monday do not by any means indicate fewer daunting reforms ahead. Nor do they reflect
      Editorial in The Jakarta Post  -  453 words
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      178 10 CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) FINAL DIVIDEND BOOKS CLOSURE DATE NOTICE IS HEREBY GIVEN that for the purpose of determining shareholders' entitlement to the Final Dividend, the Transfer Books and Register of Members will be closed on 13th September, 2001. Duly completed transfers received by the
      178 words
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  • BIZ woman
    • Article, Illustration
      Lock icon American Anna?
      894 11  -  Seen any Kournikova lookalikes on the tennis courts lately? Chances are, you've spotted 16-year-old Ashley Harkleroad. todd holcomb reports TODD HOLCOMB NYT [ATLANTA] ASHLEY Harkleroad is not the American Anna Kournikova yet. Kournikova has not won a tournament on the WTA Tour. Harkleroad has not won a match.
      NYT  -  894 words
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      253 11 Budget. through this hard times. Our monthly rental starts ,JZZ!Z $950 Proton Wira 1.5 (M) 960 Mazda 323 1.0(A) $1180 Mitaubiahi Lancer (Now) 1.6 (A) $1680 Honda Accord 2.0(A) $1780 Packaga includes hid car rental service unfcmtad mdaaga. basic insurance. road tax. swvwmg. replacement car. 24-lw roadside assistance, dehvery A
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  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      332 11 CRYPTIC CROSSWORD ACROSS (4) 1 People in general accept knock- 6 North End taken off Lancashire back in treatment (7) P *6) 9 Tourist's guide taking time in- 7 Feete pieces of fish (7) side with palace attendant (8) 8 Go so far, like Stanley in Ujiji? 10 They maintain
      332 words
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      3567 12 Notices O UniCredito Italiano s.p.A HEAD OFFICE: MILAN (ITALY) UNICREDITO ITALIANO SPA SINGAPORE BRANCH 80 Raffles Place, #51-01 U. 0.8. Plaza 1, Singapore *****4 Consolidated Balance Sheet Consolidated Profit and Loss Account As at December 31, 2000 A* *1 December 31, 2000 (millions of Italian Lire) (millions of Italian Lire)
      3,567 words
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      439 13 Save up to 30%' on ANA to the USA. Enjoy extra savings with ANA! fIGEBBB* Depart Arrive USA Depart Arrive USA It's now even more rewarding to fly ANA to the US on S'pore Narita Pagination Narita Destination First or Business Class. That's because ANA offers some Newark 1100 1030
      439 words
  • REGIONAL news
    • Article
      Lock icon Maybank profit slips 38% to RM839.6m
      516 13  -  This won't stop bank from applying for QFB status in next few days, says MD From] Eddie Toh in Kuala Lumpur MALAYAN Banking Berhad yesterday posted a sharper-than-expected drop in net profit and saw an impairment to its asset quality, but the biggest bank
      516 words
    • Article
      Lock icon US electronics firms in M'sia see 12% fall in sales
      397 13 U KUALA LUMPUR Sales may decline to RM39b this year, survey finds Bloomberg AFP US electronics companies in Malaysia said they expect sales to fall 12 per cent this year amid a global slowdown in semiconductor demand which they forecast
      Bloomberg; AFP  -  397 words
    • Article
      Lock icon Sime Darby to bid for Bakun Dam project
      248 13 KUALA LUMPUR Bloomberg SIME Darby Bhd, MTD Capital Bhd and other Malaysian builders will partner a Chinese company to bid for the main building works in the RM9 billion (Ss4.l billion) Bakun Dam project. Sime Darby, MTD and their local partners will
      Bloomberg  -  248 words
    • Article
      Lock icon Telekom M'sia posts 23% jump in H1 earnings
      407 13  -  Reroutes increase 11% te RM4b on cell phone services; H2 looks equally good From] Diana Oaa Abdullah in Kuala Lumpur TELEKOM Malaysia yesterday posted RM 457.6 million (Ss2ll million) in halfyear net earnings, up 23.3 per cent year-on-year, with the second half
      407 words
    • Article
      Lock icon Danaharta to start selling bad-loan securities
      144 13 KUALA LUMPUR Reuters MALAYSIA'S state-backed asset manager, Pengurusan Danaharta Nasional Bhd, said yesterday it would start selling securities backed by restructured bad loans taken over from the banking system by the fourth quarter. Danaharta, formed during the Asian financial crisis, said it aimed to
      Reuters  -  144 words
    • Article
      Lock icon Megawati ashamed Indonesia needs help
      363 15 KUALA LUMPUR She is frustrated the country, biggest in S-E Asia, has low economic standing AP INDONESIAN President Megawati Sukarnoputri admitted yesterday that she was "ashamed" to have inherited a pov-erty-stricken nation reduced to begging help from its neighbours. "If I were an ostrich, I
      AP  -  363 words
    • ASIA Notes
      • Article
        Lock icon M'sia won't allow extension of warrants
        72 15 Reuters [KUALA LUMPUR] Malaysian markets regulator, the Securities Commission, said yesterday listed companies were no longer allowed to extend the exercise period for new warrants once they were issued. "Listed companies, therefore, must decide carefully the tenure of the new warrants that they intend
        Reuters  -  72 words
      • Article
        Lock icon Citic Pacific HI profit rises 7.2%
        59 15 Bloomberg [HONG KONGJ Citic Pacific Ltd said first-half profit rose 7.2 per cent, as the company reduced last year's profit to reflect an accounting change. The China International Trust Investment Corp unit said profit rose to HK$l.5 billion (***** million) for the six months
        Bloomberg  -  59 words
      • Article
        Lock icon Bank Negara Indonesia back in black
        70 15 Bloomberg [JAKARTA! PT Bank Negara Indonesia, the nation's largest publicly traded lender, said it returned to profit in the first half of2ool as it earned more from lending. BNl's net income in the first six months was 1.06 trillion rupiah (Ss2o7 million), or 5
        Bloomberg  -  70 words
      • Article
        Lock icon Bank Danamon first-half earnings soar
        44 15 Reuters [JAKARTA] PT Bank Danamon, Indonesia's fourth largest bank by assets, said first half net profit jumped to 372 billion rupiah (5173.3 million) from 13 billion a year earlier. Its capital adequacy ratio (CAR) was 40.5 per cent. Reuters
        Reuters  -  44 words
    • Article
      Lock icon Suspect in judge's killing dies in custody
      263 15 UJAKARTA AP A LEADING suspect in the assassination of an Indonesian judge who sentenced the fugitive son of ex-dictator Suharto to prison has died in police custody, authorities said yesterday. Police have accused Mr Suharto's youngest son, Hutomo "Tommy" Mandala Putra, of ordering
      AP  -  263 words
    • Article
      Lock icon Taiwan to further ease China investment curbs
      393 16 TAIPEI It plans to relax restrictions on some 1,400 industrial products; report AFP AP TAIWAN plans to further relax restrictions on Chinabound investments in some 1,400 industrial products to improve cross-strait economic ties, the United Daily News reported here yesterday. These include microchips,
      AFP; AP  -  393 words
    • Article
      Lock icon Taiwan, China near oil exploration deal
      245 16 TAIPEI AP TAIWAN and China may be close to signing a contract to jointly explore oil in the Taiwan Strait, a Taiwanese official said yesterday. If the deal is made, it would be the first major joint project between the two sides' staterun companies,
      AP  -  245 words
    • Article
      Lock icon China probes Sanjiu over alleged misuse of US$302m
      370 16 HONGKONG Company plowed share sale proceeds into stock market Bloomberg SANJIU Medical Pharmaceutical Co, China's bestknown medicine maker, is being investigated by regulators on suspicion executives used US$3O2 million of shareholders' funds to buy stock in other companies. The China Securities Regulatory
      Bloomberg  -  370 words
    • Article, Illustration
      Lock icon A HK$15m show of confidence
      482 16  -  From, Audrey Tan in Hong Kong IN a show of confidence in his own companies, tycoon Li Ka-shing spent HK$l5.l million (553.4 million) buying shares in Cheung Kong Holdings and Hutchison Whampoa last Friday, a day after announcing a sharp drop in their interim profits.
      FILE PHOTO  -  482 words
    • LATE Briefs
      • Article
        Lock icon EPF to farm out 25% of equity portfolio
        80 16 [KUALA LUMPUR] Hie Employees Provident Fund (EPF) aspires to outsource 25 per cent of its total equity portfolio of RM4O billion (5118.4 billion) to ftind managers in the near firture, The Star reported EPF chief executive Azlan Mohd Zainol as saying. He
        80 words
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        Lock icon Tom.com may buy stake in publisher
        60 16 Bloomberg [HONG KONG] Tom.com Ltd, an Internet and media company controlled by Li Ka-shing, is in talks to buy a stake in Taiwan's Business Weekly Media Group, a publisher of business magazines. The companies have not yet agreed on the timetable, cost or stake
        Bloomberg  -  60 words
      • Article
        Lock icon Break-in costs Pernas chief RM2m
        71 16 AP [KUALA LUMPUR] Robbers escaped with RM2 million (*****.000) in cash and jewellery from the home of Peraas International Holdings chairman Shahriman Sulaiman in a pre-dawn break-in. Four men overpowered two security guards at Mr Shahriman's home eaziy Monday and threatened him at knifepoint, reported
        AP  -  71 words
      • Article
        Lock icon NSTP director set to be editor-in-ohief
        70 16 [KUALA LUMPUR] The New Straits Times Press executive director Abdullah Ahmad is tipped to also assume the post of group editor-in-chief as the company fights falling market share, The Edge reported. The Edge reported three weeks ago that Mr Abdullah and former Securities Commission
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  • FINANCE
    • Article
      Lock icon Futures dip in low volumes
      289 14  -  ST Indev/MSGI STpore Index C K Lau SINGAPORE shares skidded yesterday after Monday's gains, as investors decided to lock in profits ahead of key US economic data due last night The benchmark Straits Times Index closed at 1,640.65, a loss of 4.30 points, or 0.26
      289 words
    • Article
      Lock icon Futures ease slightly after early dive
      230 14  -  MSCI Taiwan Index Daniel Wong TAIWAN stocks traded largely mixed yesterday. The MSCI Taiwan Stock Index slid 1.15 points, or 0.56 per cent, to close at 203.67, with the turnover at 615.01 million. Gainers trailed losers 18 to 34, as 10 issues were unchanged.
      230 words
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      Lock icon CURRENCY REPORT
      234 14 Reuters The euro shed almost one per cent against the US dollar on Tuesday after data showing stronger than expected euro zone money supply growth stoked worries the European Central Bank may delay any growth-boosting rate cuts. Its biggest one-day fall in almost two months against the greenback
      Reuters  -  234 words
    • Article, Illustration
      Lock icon Untitled
      1147 14 PTTBRBAME CROSS RATES Aug 28 A$ g 6* fare Ftr m Tan —n 61 »Bhtb Hm S$ —i OTS US$ tak* 0JH OM 0.582 J.W3 LOT 4.102 24.7*9 46.722 0.633 6.732 1990 1205 ***** ***** 8.922 1422 8382 *205 212*5 <LJ65 0326 Carii L233 5.380 0.717 4.701 1402 5.057 *****
      1,147 words
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      648 14 Where to wine, dine and entertain../""? Definitely the first card in the world 290 4545 Rolf Knie's Lounge features a variety erf premium wines to suit any discerning taste. Now guests will be able to choose 3 different sizes: "Taste", "Appreciate" or "Enjoy" the six wines available. The six featured
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      98 14 VIETNAMESE FARE at Chatterbox Coffeehouse 29 August 9 September 2001 A-la-carte and set menus at $28+++ per person are available for lunch and dinner daily. €S**<aJ)C C»((tclioaM IM J.n 111 f St V X; 313 Orchard Road. S*uir *****7. M: 737 4411 Fax: 732 2161 I J I l ftmniTi
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  • Article
    Lock icon COMMODITIES
    1822 15 WOOM FUTURES Aug 28 RUBBER (Marts closaq as at 5J0p«a) RSS 1 CONTRACTS carts/*) CloM Vail I OfM Month Htyfc Low Sett (tow»S) Interest Sep 01 B2-50 Oct 01 104.50 Nov 01 105.50 Dec 01 106.50 RSS 3 CONTRACT (UScwrts/kq) Votaee Open Month HI# Law Sett (tonnes) mterwt Sep
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      46 15 CHEW CHEONG WATCH CENTRE CORTINA WATCH CWTRE DELUXE EASTERN WATCH DICKSON WATCH JEWELLERY PRECIOUS TWE RC* EASTB*J*I*TCH ROrAL WATCH CENTRE SNCERE RNE WATCHES SINCERE WATCH DUTY-FREE Tl (WEST) StstCERE WATCH DUTY-FREE T2 (NORTH) EMOTUS TIME CULTURE TIME CLUB WATCHES OF SWITZERLAND GASSAN WATCH T2 (SOUTH) I
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  • Article
    Lock icon STOCKS asia
    6563 16 HONGKONG Global Tech AM unch 0 Vat Golden Dragon 0.85 0.08 570 Aug 28 HK$ rOOO) Goidwiz Holdings 0.80 -0.01 334 Greet Eagle 9.90 -0.30 75 AcrossAsia Multimedia 140 -0.06 20 Greet W»ll Cyber 0.15 unch 250 Alpha General 0.03 unch 4220 Guangdong Brewery 0.40 unch 503 Amoy
    6,563 words
  • Page 16 Advertisements
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      339 16 Notices i H THE MATTER OF THE COMRMtES ACT, CAPSO ANO IN THE MATTER Of S. R. I ENTERPRISE TRADING PTE LTD (Enui pot teed in the Republic of Singapore) I, RU YUAN, the duty appointed corporate representative of S.R.T. INTERNATIONAL LIMITED, the holding company beneficially entitled to the whole
      339 words
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      334 16 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF HERMSTEDT ASIA PTE LTD (In Members' Voluntary Winding-Up) RESOLUTIONS PASSED ON 23RD DAY OF AUGUST 2001 At on Extraordinary General Meeting of the Company held at Corl-lteutfter-Straße 3 MUOS Mamhwn Germany on the 23rd August 2#ol
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      313 16 M THE MATTER OF THE C OMR AMES ACT (CHAPTER 50) ANO M THE MATTER OF SERUPA GALERI PTE LTD (M CREDITORS' VOLUNTARY UQUDATOM) Ex*act of tie minutes at tie Extraonfcwy General Meeflng of members of Serupa Gaien Pie Lid convened and hetd at Singapore Exchange 20 Cecil Street *12-02
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  • WORLD news
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      Lock icon Ericsson, Sony to merge mobile phone ops in Oct
      168 17 Bloomberg [STOCKHOLM] Ericsson AB and Sony Corp yesterday said they signed a final agreement to merge their ceUular-phone businesses into a joint venture starting on Oct 1. The signing comes after speculation the venture would be delayed because Sony, the second-largest
      Bloomberg  -  168 words
    • LATE Briefs
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        Lock icon Air NZ, Virgin Blue in 'on and off' talks
        93 17 Bloomberg [SYDNEY] Air New Zealand Ltd is interested in an alliance with Richard Branson's low-fare carrier Virgin Blue, which would help the New Zealand carrier compete with Qantas Airways Ltd on Australian routes. Air New Zealand has talked "on and off"
        Bloomberg  -  93 words
      • Article
        Lock icon Nikko Sec to sell 50% of unit to Citigroup
        66 17 Bloomberg [TOKYO] Nikko Securities Co will sell half of its trust banking unit to Citigroup Inc this month, as Japan's No 8 brokerage reorganises its business group under a holding company. Nikko will sell 50 per cent of Nikko Trust and
        Bloomberg  -  66 words
      • Article
        Lock icon Acer's Q2 net income falls to NT$176m
        72 17 Bloomberg [TAIPEI] Acer Inc said profit in the second quarter all but evaporated as customers placed fewer orders. Net income in the three months to June fell to NT$l76 million (518.9 million) from NT$2.9 billion in the year-earlier period. The company made an
        Bloomberg  -  72 words
      • Article
        Lock icon Lucent closes Israeli unit Chromatis
        61 17 Reuters [JERUSALEM] US telecommunications equipment giant Lucent Technologies yesterday said it closed its Israeli unit Chromatis Networks which it acquired last year for US$4.5 billion, the largest takeover in Israeli history. All 150 Chromatis employees, most of whom work in Israel, were told the telecom
        Reuters  -  61 words
      • Article
        Lock icon Fijitsu plans to sell 150b yen bonds
        73 17 Bloomberg [TOKYO] Fujitsu Ltd, Japan's largest computer maker, plans to sell as much as 150 billion yen (552.2 billion) of bonds soon, as it pays compensation to sacked staff and invests in its operations. TTie transaction would be the biggest single sale of
        Bloomberg  -  73 words
      • Article
        Lock icon Goldman's Tokyo ops under probe
        59 17 Bloomberg [TOKYO] Goldman Sachs Group Inc's Tokyo operation is being inspected by Japanese regulators, which is the latest brokerage probed in a three-year effort to tighten oversight of financial companies in Japan. The Financial Services Agency and the Securities and Exchange Surveillance Commission started an
        Bloomberg  -  59 words
      • Article
        Lock icon AMP, NAB deny merger report
        61 17 Dow Jones Newswires [SYDNEY] AMP Ltd and National Australia Bank Ltd (NAB) yesterday rejected a report claiming the two are considering a merger to create an AsBo billion (5173.7 billion) financial services giant. Analysts and bankers had also been sceptical about a report that said
        Dow Jones Newswires  -  61 words
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      Lock icon Lower inventories not helping
      776 17  -  The US, especially the auto sector, faces more problems than just bloated inventories, writes KEITH BRADSHER KEITH BRADSHER NYT [DETROIT] FOR months, most economists have had a reassuring explanation for why the American economy has been slowing down: Companies had bloated inventories of unsold goods and
      NYT  -  776 words
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      Lock icon New powers spring up in stem-cell research
      423 17 m NEW YORK NYT AN unexpected new order of world powers has emerged, at least in the field of human embryonic stem-cell research. The roster, say US scientists, is evidence of the inventiveness of the newcomers but also shows how much the usual
      NYT  -  423 words
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      Lock icon US Budget seen in deficit
      528 17 WASHINGTON Congressional Budget Office says govt may have to tap social security surplus AFP THE Congressional Budget Office yesterday offered a federal Budget forecast differing from White House projections, showing the government will have to tap social security surplus to make ends meet. The CBO
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    • Article
      Lock icon Roche seen making 2nd offer for Bayer unit
      510 19 NEW YORK Swiss firm approaches German rival with USs2ob proposal this time Reuters SWISS healthcare giant Roche Holding AG has approached German rival Bayer AG with a preliminary proposal to buy its drugs business for around US$2O billion, people familiar with the
      Reuters  -  510 words
    • Article
      Lock icon Latest Internet Explorer does not support Java and plug-ins
      369 19 SEATTLE But users can download tools to make them work AP THE latest version of Microsoft Corp's Internet Explorer browser is drawing critical barbs because it doesn't support two rival products commonly used on websites. Internet Explorer 6.0 will not automatically
      AP  -  369 words
    • Article
      Lock icon Accenture offers 2,000 Japan staff long leave
      289 19 Absence of up to one year on reduced pay with reinstatement guarantee Bloomberg [TOKYO] Accenture Ltd, the world's largest consulting and project-man-agement company, offered 2,000 Japan staff leave on reduced pay as it prepares to cut about 1,500 jobs or 2 per cent
      Bloomberg  -  289 words
    • Article, Illustration
      Lock icon Country trio Dixie Chicks sues Sony, seeks to end contract
      205 19 LOS ANGELES AP THE Dixie Chicks has sued Sony Corp, accusing the company of cheating the country music trio out of more than US$4 million by falsely reporting sales figures and overcharging for company services, the Los Angeles Times reported
      AP  -  205 words
    • Article
      Lock icon New 5.2t won rescue package proposal for Hynix
      412 19 SEOUL Receivership threatened if there's no deal by mid-Sept AFP Bloomberg CREDITOR banks yesterday proposed a 5.2 trillion won (SI7 billion) rescue package to save Hynix Semiconductor Inc. The proposal by mainly state-controlled South Korean banks is the second in three months
      AFP; Bloomberg  -  412 words
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  • BT golf
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      Lock icon Putting his money where his heart is
      1425 18  -  Peter Kwee is on his way to building his dream of a chain of golf resorts, writes vex sreemxvasam VEN SREENIVASAN PETER Kwee reckons he is at a point in his life where he should be choosing projects which give him maximum satisfaction,
      1,425 words
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      Lock icon Joondalup golf course ownership intact
      402 18 As3.6m loan recall affects only hotel and affiliated developments INDONESIAN businessman Johnny Ba suki's success in recalling his A 53.6 million (553.3 million) loan to Joondalup's hotel holding company, International Golf Resorts (IGR), will not unravel the shareholdings in the multi-million-dol-lar golf resort in Western
      FILE PHOTO  -  402 words
    • Article
      Lock icon Going downhill safely
      318 18  -  WINNING LETTER Leonard Tan I AM a 20-handicapper and I have problems hitting good shots when the ball sits in two particularly tough positions: Downhill lie (towards target) when the right foot is more than two inches higher than the left foot at address. Downhill lie (the
      318 words
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      Lock icon Backspin like the pros
      238 18  -  Vincent Seah WHENEVER I watch the USPGA pros in action on television, I am always in awe of the amount of backspin they can generate on their approach shots. How can I backspin like these pros? Which irons should I use and do different types of
      238 words
  • Page 18 Advertisements
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      132 18 t; K hf. Over 2,000 refinements. Only one more addition to complete it: You. L j®lk The new Passat. More dynamic appearance, higher levels of safety, perfected ergonomics and more. The new Passat also comes with exciting new features including an integrated child's seat, bi-xenon headlights and dashing sports dials.
      132 words
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      Lock icon Page 18 Advertisements Column 2
      63 18 BT Golf would like to invite readers to Mr send in letters or to the sometimes rewarding, often V) exasperating, game called golf. All questions will be answered by resident pro, Unho Park, and the best letter or question will win two 8-packs of Volkswagen dual-core golf balls. Write to:
      63 words
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  • Article
    Lock icon SGX clob
    1942 19 BONDS WARRANTS Aug 28 m mi M laal MB* MM tog M Um tar Mk mm L— 1*. «ar- fWg La» IDW M» W <—HWi W WW Baartgl U« 393 26 ASTI ******1 28J -13 22 28.5 28.5 28 293 28 26.4 1 1* 5 Ut M 473
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  • BT motoring
    • Article, Illustration
      Lock icon Wanted: a motor conglomerate
      730 20  -  1=11 comment MOTORING A merger of motor firms here would ensure better customer service and profitability and new market opportunities cristopher tan CAR czar Peter Kwee is a man of vision. But that trait wasn't always apparent —especially to the competition. In the mid-1990s, the industry
      730 words
    • Article
      Lock icon THE ROAD TO CONSOLIDATION
      301 20  -  -By Christopher Tan MERGERS and acquisitions among vehicle manufacturers will be a strong catalyst in shaping the ftiture of Singapore's motor industry. Many of the new mega-groups like General Motors, Ford, Volkswagen and DaimlerChrysler have already implemented an "under-one-roof' concept for their distributors in key markets.
      301 words
    • Article, Illustration
      Lock icon Bond's back behind an Aston wheel
      267 20 AFTER defecting to Germany's BMW for a few years, British super-spy James Bond has decided to return to Aston Martin. In his latest film, the world's bestknown secret agent will drive the new Aston Martin Vl2 Vanquish, MGM, Eon Productions and Ford-owned Aston Martin
      267 words
    • Article, Illustration
      Lock icon Auction of repo cars draws tepid response
      345 20  -  Only 9 of 20 cars put on sale by a finance honse found buyers By( Christopher Tan ABOUT 20 repossessed cars were put up for auction yesterday by Knight Frank and not surprising for the times, only nine were sold. Mainly Japanese models
      ARTHUR LEE  -  345 words
    • BUMPER to BUMPER
      • Article
        Lock icon BMW close to Mini deal with Toyota
        145 20 BMW AG is close to signing an agreement with Toyota Motor under which the Japanese firm will supply diesel engines for BMWs new Mini, according to an AP report "It's nearly done," BMW spokesman Michael Rebstock said. But he added that ifs uncertain
        145 words
      • Article
        Lock icon Greens chief casualty of anti-car plan
        115 20 PARIS Mayor Bertrand Delanoe's anti-car campaign has claimed its first casualty—his deputy was knocked off his bike by a motorcyclist racing illegally down a new lane reserved fw buses, bicycles and taxis. Reuters reported Yves Contassot, head erf the small Greens party in the
        115 words
      • Article
        Lock icon Catch Cycle & Carriage's new line-up
        90 20 Catch Cycle Carriage's new line-up CYCLE Carriage's annual "solo" motor show is here again. From Friday to Sunday, cars from Mitsubishi, Kia, Proton and TD 2000 will be displayed at the Ngee Ann City Civic Plaza. This year's event will focus on the "lifestyle pursuits" associated with the line-up of
        90 words
      • Article
        Lock icon Off-road vehicles denied entry to reserve
        92 20 A CARAVAN of off-road vehicles, campaigning to return rare ducks to the wild in Thailand, has been stopped by environmentalists from entering one of the country's finest forest sanctuaries. AP, quoting the Bangkok Post, reported that some 60 villagers and activists blocked the caravan
        92 words
      • Article
        Lock icon FAW-VW celebrate 10 years in China
        85 20  -  -Compiled by Christopher Tan THE Slno-German joint venture, FAW-Volkswagen in Changchun, China, celebrated its 10th anniversary last week by launching the VW Bora. The car, slightly larger than standard Boras, is aimed at mass-segment customers. Over two million passenger vehicles have been produced by
        85 words
    • Article
      Lock icon Automakers now courting gay consumers directly
      359 20 AP AFTER decades of treating gay consumers as the invisible minority, automakers are courting them directly. This year, Jaguar, Volkswagen and Volvo began advertising in US gay publications, joining three companies Saab, Saturn and Subaru that had signed on earlier. And the commitment often
      AP  -  359 words
  • Page 20 Advertisements
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      73 20 41E859l r—r*f ftMw /etiwcttm nurnt rii» i>Min» j.? Our proven system will enable you to: Read 2to 6 times ■mho whatever the material Comprehend remember better T Save time mental energy V SfMcaJ Discount lor Distance LearntnQ Students J* organisefl/in-house courses. For details/rese^^^ns^a^33>l1 27. *05-39 P»nlnsiil« Plan I Lianhe Zaobao
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  • Article
    Lock icon STOCKS sgx
    7766 21 SOX MAINBOARD Or fir M Ml SMNi Last M Oay Last Quota Mr Oh TM M Cm tm% W# L— rniiw) Saia W- p— 1—> Buyer i*r Or Wl »■> Prtoe MM.TMNDUSTRY 143 3S cAanaSOc 36.5 *0.5 34 36.5 36 36 36.5 0.5 19.9 0 7 9 6
    7,766 words
  • Page 21 Advertisements
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      46 21 WISE GOLD Share Rates at an Unbelievable* Cecil St 880 0600 Email mktg@sbsl.com.sg Ourßrantfiw Ang Mo Kk> 458 4222 Beach Read 292 1459 Bedok 445 8011 Buktt Thnah *****16 East Coast 346 8262 Serangoon 299 8855 j I kSINGAPURA n m BUILDING SOCIETY LTD S ow
      46 words
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  • PERSONAL investment
    • Article, Illustration
      Lock icon Is your nest egg in good hands?
      923 22  -  Before picking an adviser to handle your retirement assets, consider what sort of advice is needed since it affects the amount of fee and type of help received By. Jonathan Clements THE cries for help are about to get deafening. I'm a big
      REUTERS  -  923 words
    • Article
      Lock icon Clearing the air about insurance industry
      621 22  -  I^Hbag Koh Siew Lin I REFER to your article "Coverage for the right reasons" by Genevieve Cua (BT, Aug 22). As a financial planner and insurance adviser myself, I feel compelled to correct some of the allegations made about our business. (1) Your writer
      621 words
  • Page 22 Advertisements
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      65 22 vf*. FRANKLIN TEMPLETON INVESTMENTS AR^C^SC^ID THROUGH U.S. GOVERNMENT CFAIiniTI CC* THE FRANKLIN U.S. GOVERNMENT FUND I .IJKI I I tIIISMV F O R STABILITY IN A VOLATILE MARKET. H ft! I I N' INIOY UP TO 1% DISCOUNT IN THE FORM OF BONUS UNITS IF YOU INVEST BY 14 SEPTEMBER
      65 words
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  • PERSONAL investment
    • Article, Illustration
      Lock icon Tech plays seen coming to the fore
      939 23  -  ll?Mli]s< markets Nasdaq gains put them in the spotlight; value and trade volume in sentiment index up substantially due to large number of filings in Omni shares by Deutsche Bank By Robert Halili The writer is managing director of Asia Insider Limited. He
      Source:  -  939 words
    • Article
      Lock icon Allcom shows good potential
      438 23 markets OUR technology portfolio is still outperforming the STI on the back of huge gains by TPV, Stratech, Hyflux, and Frontline. We have decided to toss out one of our underperforming stocks, Teamsphere, and reinvest the sale proceeds in shares of Allcom Technologies. The recently listed
      438 words
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      Lock icon Fancy some backing from Uncle Sam?
      723 23  -  Templeton nnveils US govt-backed mortgage securities fond that offers attractive yields By i Genevieve Cua RISK-AVERSE investors now have a fresh option, particularly if they're reluctant to lock themselves into any of the capital protected or guaranteed funds in the market. Franklin Templeton Investments
      723 words
  • Page 23 Advertisements
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  • EXECUTIVE money
    • Article, Illustration
      Lock icon Pay for only what you need
      1250 24  -  That's Mark Myerson's belief when it comes to buying insurance, oenevieve cua finds out more from the director of benefits consulting company i-Benefits GENEVIEVE CUA MARK Myerson, director of a benefits consulting firm, is a man with a mission: He's out to win more
      RICHARD CHNG  -  1,250 words
    • Article
      Lock icon Deciding on the extent of coverage
      290 24  -  ~Bg Genevieve Cua SO, how much coverage should you have and how much is too much? Mark Myerson, director of i-Benefits, says the calculation will depend on your age and your spouse s; the number of years to retirement; your current income; and children's
      290 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      82 24 r ■,;y Kb*. JLing KAM HING PIECEWORK COMPANY Tel: 852 2406 0080 QCN QUBC CHOON NAM (PTE) LTD Tel: 743 9966 FABSTAR (S) PTE LTD CRYSTAL CHARADE (M) SDN BHD CAPfTAL ISLAND GREEN SDN BHD Tel: 293 4373 *9 TRI-SXAR SHIPPING TRADING COMPANY SDN BHD Tbl: 02 *****3 '-T :,V"
      82 words
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      Lock icon Page 24 Advertisements Column 2
      120 24 We are proud to be part of the team building GHIM LI into a Global Powerhouse in Apparel Manufacturing Group Of Companies The Management Team of Maxim Dyeing and Finishing Factory he Ltd Standing from left: Priscilh Lim Lay Hong Lin Chin Khun Svrina Gan Chye Say Phin Sitting from
      120 words
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      Lock icon Page 24 Advertisements Column 3
      120 24 II UIXAONO U: 755 6798 y? SIN lON HUP KEE ENTERPRISE Td: 297 0676 mm WYSE EXCLUSIVE (S) PTE OTD Tel: 747 4706 TAGOTA GARMENT ACCESSORIES Td: 641 7666 [PPR PPE INDUSTRCS (PTE) OD "W: 270 3605 CT GARMENT ACCESSORIES Id: 458 3996 EM RVI WkOCAGWG SINGAPORE PTE ffD Td:
      120 words
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  • SHIPPING TIMES
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      Lock icon Hong Kong should cut port charges to attract more ships
      515 25  -  Study makes proposals as to how port can compete against Southern Chinese ports By Donald Urquhart [SINGAPORE] Hong Kong port charges should be lowered to attract more vessels, according to a study commissioned by the Hong Kong Port and Maritime
      515 words
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      Lock icon MARITIME STOCKS
      271 25 Source: BRIDGE m ooo CWT Distribution 0.53 -0.01 24 ChUMiHM* 0.32 unch 765 Cosco lnv*»trn*nt—0.22 -0.01 127 FrvtaM LMts 0.07 unch 0 G8 Holdings 0.52 unch 10 IMC 5.60 unch 0 JW HOMftVp 0.15 UBCfl 0 KappdCorp 3 JO unch Mpp*l FELS 1.52 Mich 0 URll Marina 0.19
      Source: BRIDGE  -  271 words
    • Article, Illustration
      Lock icon US Marine high-speed vessel makes a splash
      120 25 AP [YOKOHAMA] A Japanese television crew prepares for the filming of the WestPac Express, the new high-speed transport vessel, at the US Marine Corps Base North Dock in Yokohama, west of Tokyo. The vessel, leased by Austal Ltd of Australia to Third Marine
      AP  -  120 words
    • Article
      Lock icon Star Cruises profit up in first half despite poor 2nd qtr
      478 25  -  Improved results due mainly to full inclusion of earnings from Norwegian Cruise Lines By Beth Jinks [SINGAPORE] Despite suffering a near 10 per cent revenue drop-off during a troubled second quarter, Malaysia-based Star Cruises Group recorded an improved interim
      478 words
    • Article
      Lock icon Regional maritime show expects to draw 6,000
      336 25 Asia Pacific MARITIME [SINGAPORE] The region's largest annual maritime event, Asia Pacific Maritime 2001 (APM), opens next week at the Singapore Expo with an expected crowd of over 6,000 visitors. The seventh SingaPort renamed with effect from this year's event from Sept 5-7
      336 words
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      Lock icon Half of all foreign vessels fail Canadian checks
      316 25  -  By Donald Urquhart [SINGAPORE] Over half of all foreign vessels inspected last year under Canada's port state control inspection programme were found to have deficiencies, according to the country's transport ministry. In its recently released annual report. Transport Canada reported that of
      Source:  -  316 words
    • SHIPPING news
      • Article, Illustration
        Lock icon When UN laws of the sea are blatantly ignored
        854 26  -  STRAIT TALE By I Seafarer IS there any point to having international laws if states see fit to ignore them at will? Seafarer refers, of course, to the case of the Cyprusflagged tanker Virgo and the tragic deaths of three fishermen
        AP  -  854 words
      • Article
        Lock icon Swedish line sees return to profit
        156 26 SWEDISH Orient Line has recorded a first half post-tax profit of US$O.59 million compared to a loss of US$2.B million for the same period last year. The 2001 figures excluded payments from Swedish pension scheme Alecta. The ro-ro operator, which runs liner services between
        156 words
      • Article
        Lock icon Royal Olympic cancels new ship's cruises
        149 26 [LONDON] The eastern Mediterranean's largest cruise operator Royal Olympic Cruise Lines (ROC) has cancelled the entire run of summer cruises for its newly-delivered Olympic Explorer. It had hoped to start cruises with the vessel on Sept 15 after extra work at Germany's Blohm+Voss shipyard,
        149 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      236 26 p AGE I EngLee 9 MrmkM 10 ESPLines 9 AppensiNp S foonflSun 5 Assets 5 Avant 10 Ft 7 B'tangMas 6 6Unk 4 BSA 7 Gemartrans 6 BSC 9 &W, W itl 10 Gtory Maw 10 M# 4 Ham r Batammdo 9 MmqIi 9 t Baysvater 10
      236 words
    • Article
      Lock icon SHIPPING GUIDE
      8982 32 thebusinesstimes EXPORT eta ETA Advertiser Vnul Voy age Telephone ETA ETA Advertiser Vnj* Voyage T tie phone SIN Dest'n Heme Heme Number Number SIN Dest'n Heme Heme Number Nunber mmmmmmmmmmmmmmmmmmmmmmrnmmmmmmmmmmmmmmmm MHHiRBHMMBnBMBBMMMMMM 12/09 04/10 Hyundai MM APL JAPAN 055E *5-******4 To ABIDJAN (ABJ) 2003 Cot# D'ivoire To CHITTAGONC (COP)
      8,982 words
    • SHIPS IN PORT
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        Lock icon CONVENTIONAL WHARVES
        789 35 *tssrt voy Mo Btrth Arrival Daparturi CK Cam*r 9565 J16 28/06/5J0 29/08/600 MI hitra oeoi J01 28/08/9-00 28/06/1600 C Progress 28-Aug J» 28/08/7 55 28/08/1600 *t TV Ja Ya moi J01 28/08/8:10 28/OO/MOO H Pulatrior 10(01 J01 28/06/1000 28/08/2 3« Mdm M 77 J04 28/08/7:35 29/08/800 s 1Ooartz
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        Lock icon CONTAINER SCHEDULES
        1833 35 RECEIVING OF EXPORT FCl CONTAINERS AND LCI CARGO W »WV ¥i fcJir vn Vk vwn I f«nv kVb ww Booklnq/B«Uoce Rstts Rstts Ship VayWo Etft/Btr Ported Fro* To Froa Ship Voy Ho Etb/Btr Ported Frwo To Frwo AO DAHLIA UN 2*/2frOO n/BM n/BM 2T/WM If 27/17M 20AM 20A*00
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        213 35 August 31 Malaysia: National Day Philippines: National Heroes Day Hijimi a Vietnam: National Day ■Ulialii 3 Canada: Labour Day Vietnam: National Day Holiday niiiiMiii 4 United States: Labour Day BiMiwlir 15 Japan: Respect for the Aged Day flejf kw If Mexico: Independence Day giplirtw 33 Japan: Autumnal Equinox
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        Lock icon COCKETT BUNKER MARKET REPORT
        765 35 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead at single prices for a more comprehensive description at the mar kat Prices shown are baaed on averagesized stem Market movements are indicated. The Cockett Banker Price Index change and the
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        437 35 Cataa WO IUi 982J 0J 6.9 0.07 79 0.03 Aa« 23 Dmftv M« >mMm Ask Umt+m Si toil HoAw*E2S 0 0.3 0 380 Ave 906.0 Oi 15.2 0.06 0.02 u 380 Ma 990 J 0.7 M.4 0.08 40 0.06 Wr 3 %»A) il/li %l*l W We
        437 words
    • AIR & LAND transport
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        Lock icon Major US airlines match Northwest's fare discounts
        354 36 Carriers lowering fares by as much as 40% to boost demand in weaker market Bloomberg [ST PAUL, Minnesota] Most major US carriers followed Northwest Airlines Corp in reducing some leisure fares, the latest airline discounts designed to spur demand. Northwest lowered fares in
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        393 36 Bloomberg [ALEXANDRIA, Virginia] The American Society of Travel Agents (Asta) asked agencies to close their offices for two hours tomorrow in the first nationwide protest of reductions in fees paid to them by airlines. The association wants agents to close
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        Lock icon Cathay pilots tired and worried about safety: union survey
        523 36 But management denies that safety has been affected Dow Jones Newswires [HONG KONG] Nearly twothirds of Cathay Pacific Airways pilots say they are more fatigued than they were a year ago and very worried about safety, a pilots' union survey shows.
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        Lock icon Korean Air to launch Busan-Qingdao service
        198 36 Bloomberg [SEOUL] Korean Air Co, Korea's largest carrier, said it will open a new route from the Korean port of Busan to Qingdao in China next month. The Seoul-based airline, a member of the Sky Team global alliance with Delta Air Lines Inc, Air
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        Lock icon Concorde flight checks systems at supersonic speed
        392 36 Test flight a required step for jet to gain clearance to resume commercial flights AP [PARIS] An Air France Concorde, modified to meet conditions for a return to the skies, completed its second test flight in three days on Monday, this time checking
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        Lock icon Virgin Blue in talks to sell shares to Southwest Ryanair, EasyJet
        587 36 Bloomberg [SYDNEY! Richard Branson's Virgin Blue airline said it has held talks with Southwest Airlines Co, the largest low-fare carrier, Ryanair Holdings Pic and Easy Jet Pic about selling a minority stake in its business. Virgin Blue, which competes
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        1753 36 an fught n* fusht rre mm boo «4sn aoo aM> M r ****** MOO SO2006 2300 TMTwi S S***** MOO U6373 2350 wo wwr m w ZM *iiii1i M $023 048 m MMI W WW IB 6*171 0*55 SO 14 2345 tMMrtli ***** BOS C2354 060
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      10 25 The freight market was closed for the Summer Bank Holiday
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      18 25 Strait Talk: When UN laws are blatantly ignored Pg 2 Major US airlines match Northwest's cuts Back Pg
      18 words
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      85 25 The advent of Information Technology and intermodal logistics solutions have dramatically changed the global logistics industry. In addition, Singapore is fast becoming the logistics hub of the region. To keep our readers updated. Shipping Times now features a full page on logistics on Thursday every fortnight with news of current
      85 words
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      671 26 I TO USA/CANADA I 1 EXPORT 1 I OTHER DESTINATIONS I WHR ll TO AUSTRALIA (AUSTRALIA ASM EXPRESS) ooQwrroM i«os n/n w/oo| iy» 1W» W* wm nm Ivor rw 85l m 1m $t» I m m OOdIAMN S3Q* 04/W 05/W I 11/K ?VW Ji/W H/W */0» V/Vt M iwliwl |W.
      671 words
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      614 26 Lina» services represented by Members of ibe \'MgcMD Accrecfeed Shinoino Aaenh Singapore logistics Singapore Shipping Association Association SULY LINE MALI VBSB Wt flu HE I ETA P. lIANG SfOtf MAU t.Empress Lily VO7Ol 06/09 07/09 14/09 Princess lily VO7Ol 22/09 23/09 30/09 Empress Lily VOOOI 10/10 11/10 18/10 Jj 1
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      845 27 TO EUROPE FROM EUROPE I rasa vot sw ctm aw ham mv sou uh [vtssa vorlrai mm» my sow w mT] ATtCOKAI 101W 30/04 J7/M M/M 17/ M 10/ M MOIMM S4IC M/M M/M M/M 11/ M M/M MOIMAAS 54SW )1/N 11/ M 11/ M 11/ M M/M Aft JAM
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      1869 27 It AMI T/T i 10 MVS Vr JmM T/TslSMff W AQARA T/T i IS MRS GENUAL AGENTS M SMGATOtf M ROOMSON tD #12-00 SAifS/BKGS TH: *****57/43 FAX; *****21/71 HAMI jfflg 1 PASIB GUPANG TH:O7-35M144 FAX; 07-353J170 COSTAR SHIPFIN6 FTI LTD a***** oiwi oumut® (l/u 4205«02 23*5325/75 rotr uang 03-*****433 03-M23MM
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      1120 28 C SENATOR LINES TO EUROPt TO MPPUIAST/KAM/RH) SIA |ywa vot jawl ta »tb laml mm m m Ivpsb I vot an «u tn h naow sauna win* km km i*Jt i;jM iut i».m it« am hub mim» tut hh iut iut tut NAHM SAVAMM MttW 11M HM KM KM 71.M
      1,120 words
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      725 28 ftJtflMAC-NELS S'PORE M'SIA tarter MM COOT* LINES, MC p.guoanq. (07)*«7j» l~jVy J MmiMNNMOM 9BU: (064) *****9 MAMLA: (632) *****I PENANG: (04) *****36 BANGKOK: (662) 23*4667 SURABAYA: (31) 36B3211 B KELAHQ: (03) WUtn JICT (21)*****46 KUQ6NQ |08g) *****1«3 INCHON/SEOUL VIA 6USAM PIRAEUS MV "KMTC HONGKONG" V.l 12N MV "PAO NEDLLOYD LA
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      405 28 WEEKLY EXPRESS SAILING SCHEDULE WESTIOUMD TO: COLOMM A MMM SHEW (CFS MULUND. MUMMI) ALSO ACCEPTMG TO AU. NORTHERN AM) WESTERN CO PUNTS vtssa ham ¥or tsToglcotoaMcliL sm\n| cowcit |comc«" WMBA ggw HUflUMEnss mm oset i?s? mmmq wsssvn imkcomwt tint w ■OKI SO SOU* llSff If SEP WBMCJ MM IAJNtAMM SMIHI3I
      405 words
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      1426 29 VOY KHH HKO SIN PKI DX> Ml I DAAAA I BBt I ULAN TIHBAN PCL-222 20/00 29/08 01/09 02/09 09/09 10/09 11/09 14/09 WAN TABATABAB PCL-223 04/09 05/09 11/09 12/09 19/09 20/09 22/09 24/09 MAN KiBAAAN PCL 224 11/09 12/09 15/09 16/09 23/09 24/09 26/09 28/09 MAN ISFAHAN PCI-225 It/09
      1,426 words
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      371 29 UK CONTINENT SERVICE Loaftngfor TINA 1 RDM/ATW/BMNAJK/LPL ATHINOULA RDM/ATW/BMN/UK/LPL OCEAN TRADER RDMMTW/BMN/UK/LPL Loads Sngspors, E7W Malay—, mdonesa MIDDLE-EAST SERVICE Loading lor AL QAWIYYU JOH/AQA HATIME ANA JOH/AQA ALCESTIS DBI/ABU/DOH/BRN/DMM/KWT PRABHU OAS DBI/ABU/DOH/BRN/DMM/KWT HENG SHAN JDH/DMT/AQA EFFY NORWAY DBI/ABU/DOH/BRN/DMM/KWT Toads Singapoto, E7W. Mateywa. Indonaaa USA SERVICE LoaOng tor ASTROMAR MZL/LAX/VCW/VCB JIN
      371 words
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      1017 29 womum/ nmwm/ mum/ o—*o umMvmruim/ummMM vtssa vot sm Ihk j m m uo jam ygi .ja .bl mit P¥Wi won ovm ~m/m 11/w io/w um -flft- IMB -mr-**-HAMM MQ2B Ift/W _IMt 1 IMT 21/W M/W Mr 53? ~Eg~ Mff utuiHUM Mm \im ruw I ?s/w 21/w 01/10 omwm \m ovw
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      967 30 I Mr SINGAPORE PTE LTD I 15 McCallum Street #03-01/02 Natwest Centre Singapore *****5 Tel: (65) *****73 Fax; (65) *****66 Email: general ®ecusineculinenet Website: http://www.eculine.net lohore Bahru Office -Tel: (07) *****18 Fax: (07) *****62 PROUDLY INTRODUCING OUR NEW DIRECT SERVICES TO ALL DIRECT SERVICES TO THE FOLLOWING PORTS 'MIAMI NEW
      967 words
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      348 30 INDONESIA NATIONAL LINE TO AUSTRALIA I OOffnyHßß MHVWF n wr hb m m br m m m mH"» rvam is b/wm/w \*m u/w n/w|mw "ii" u/m i£*» E/H m/w| nmmmi ~qT it/ww/w n/* ~»m b/w b/w|m.mn <g >i/w b/mw/m 11/nj FEEDER SERVICE TO INDONESIA IN I I I 1* wi
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      403 31 i BSA x mm. MYANMA VBBBk FIVE STAR LINE W (Mynaor Notiotol Um) w Loodiog far Tango* vcsa voy sw in n ra HPA-AN 201W 510 NONGU 40W fll MALAYSIA AGENTS: BOUSTEAO SMPPMG AGENGES KUL TH 03-*****3 M HL TH 03-31/ Mill ret th 04-2****** rat m 07-*****21/4 BANK LINE
      403 words
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      1250 31 HYUNDAI MERCHANT MARINE CO., LTD. VBSR |WV| I sou I 1B( Imi I AMI I (MR VOT $00 IBt >01 MR m ROIMMI 5411 10/ M 11/10 OS/10 07/00 21/00 APICOOAI 101W 30/00 17/09 19/09 22/09 28/88 W»» 13/88 11/10 09£ 31/80 ROIftAAS S4SW 31/00 21/ M 22/W IA/M IS/89
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      971 31 vtf/v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAYYUFT SttYKT IVBSa VOT B HBGKT ISI I LIC I MAO IHI UY llttlOtt |NTC WW I MOO 1 TAMPA AMII7 4001 m U« 20/01 04/10 07/10 00/10 11/10 12/10 14/10 11/10 20/10 ttUIOT AMI II 4001 ms ftJM 11/00
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      443 33 lAL Container Line (UK) Limited [www.ial.com] Regd Office: Carmelite 50 Victoria Embankment. B'ackfnars. London EC4Y ODX. 1 A 1 United Kingdom Operational HO 401 402. AL Jawahara Buiiamg. Khalid Bm Waleed Street PO Box *****. Dubai. UAE E-mai ia a corr ~l SASIA EXPRESS LINES SINGAPORE AGENT: JARDINE LINER SUPPORT
      443 words
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      486 33 Offers FCL/LCL Container Service to Worldwide Destinations through lAL Logistics (S) Pte Limited 80, Robinson Road, 22-01 A, Singapore *****8 Tel: 223 8380 Fax: 223 8387 E-mail: ialsin@ial.com Website: www.ialsin.com On Ota in MkMuntoat: DaM/Jatptr/Lm9taw (ICO): CMmtat K«Mk I (Til MlhtLH MtStaWAprateflaM^MU* 6» Roor fc*«iar. Cart Chanm C-4. dart Hoar
      486 words
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      240 33 \yM EN6 LEE SHIPPING CO PTE UD I M SUlttl (1* >W tan SI)NM/S)NM« I T O fci IMmillllC I vissa vor sum swnv dbtvuiiom San Caad 12/D1 03/09 05/09 Dwo/haawt UMS»3 08/01 04/09 05/09 Ja* Uw SKI 9 06/111 04/09 04/09 ta*/l ka*d UmSal? 07/01 04/W OS/09 tamo UmS*47
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      574 34 mwjtt ISfi^ MUMJOG IM/OI 07-03/04 M-l l/W 1717/09 masa mm 0743/04 om/w ncasfra fim osww 1114*4 hot TKO IttOGt 914N 0049*9 15-11/09 72 23/09 1168 BTTOM 919* 17 13*9 10-71*9 7S-7*/D9 sin CM sa^^l TBftffE OT? xliifii osWTS I TKBCKB «30N 0445*9 1214/09 23-24/09 Ttttl CUff 035 07-00*9 15-17/09 24
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      849 34 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 iQlr Tel: *****11 Fox: *****77 E-mail: flesindsingnet.com.sg ACCEPTING DIRECT LCL TO LAT KRABANG VESSEL: ASIMONT VLBOI9 ETA SIN: 02/09/2001 ETA LAT KRABANG: 04/09/2001 Booking 267* 5565/4694/5535/5539/5541/5553/5569/5579/5562/5563 pgQjrer WtfWff HIAYYMfT WOQ (CONVENTIONAL A ROIIO) Lawreno
      849 words
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      889 34 Tib IPDZ LINES I siMGAWtfcToticjooswrriiGrniJp QgWM sam: ra.« ni ssh mnnMi* I GftENG ***** 29/01 GISCNG ***** 29/00 GUOO 1 ***** 30/01 GUOO^^nmT^O/oT GISWH ***** A 29/00 SHMUK 1 2114 31/00 GUM 2123 02/09 GUAM 2123 1 02/09 GMUAI 2193 03/09 G» ***** 04/09 gg ***** 07/09 GUOO ***** 00/09
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  • Page 35 Miscellaneous
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      138 35 «fIFOR7 AM 29 AUG 2001 Jggggps»^ 3& 1136 je :i LEGEND Issued by Meteorological Service Singapore K Thunderstorm q-m Temperature Wind direction and speed in knots Mam Weather Cloudy Day C^> j B2 i Sea Conditions Wind speed symbols jgj c 1 2m O Full circle w/o line indicates calm
      138 words
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