The Business Times, 21 August 2001

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Total Pages: 28
1 28 The Business Times
  • 15 1 THE BUSINESS TIMES MITA(P) 107W2001 ernet: http business-times.asial com.sq SINGAPORE TUESDAY. AUGUST 21. 2001 86*
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  • 1111 1  -  Businessmen agree with PMGoh that nation should focus on long-term issues By Anna Teo [SINGAPORE] The new economic strategy Prime Minister Goh Chok Tong outlined on Sunday is timely and "spot on", say businessmen. They also agree that Singapore's biggest challenges lie beyond the
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  • 486 1  -  P > Move which affects its S'pore workers is part of plan for 6,000 job cuts worldwide Reports by Serena Ng [SINGAPORE] Computer hardware giant HewlettPackard will start cutting jobs at its South-east Asian headquarters here this week as part of a plan
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  • 510 1 [SINGAPORE] Shares of Venture Manufacturing slumped 80 cents to $11.80 yesterday on market fears that Hewlett Packard (HP) now implementing cost-cuts may drop the blue-chip contract manufacturer as a supplier. Analysts said the stock's fall to a six-week
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  • 522 1  -  COMMENTARY Local businesses, S'poreans must change; but so must govt, says patbicsdaxxbl PATRICK DANIEL RIME Minister Goh Chok long's National H Day rally speech on Sunday will surely become a landmark. But 3 there's one proviso: The new economic strategy he outlined
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  • Page 1 Advertisements
    • 215 1 UNHIDE BT Comment I JVC should do a 1 Mountbatten, says Lee Han Shih. Pg 8 Top Stories US markets unlikely to react to anofter rate cut Mmxi Pmgm warn Star Hub breaks new ground with its > airship. Maxt Pmgm Hock Lock CUm SGX: fair action, unfair perception. over
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  • NEXT page
    • 926 2  -  Nothing start of a surprise 60 bp cat will shake market •at «f deldrams analysts Froml Andrew Marks in New York WITH corporate earnings and the US economy continuing to slide, Wall Street isn't generating much enthusiasm for an expected seventh
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    • 467 2  -  It is first here to go-ahead to fly ad runs ever hemes By David Boey [SINGAPORE] Star Hub, Singapore's second biggest provider of telecommunications services, has taken its advertising to where its rivals cannot go. The company says it has received the go-ahead
      467 words
    • ON THE grapevine
      • 116 2 US investment newsletter The Argus Weekly Staff Report (www.argusresearch.com) has this to offer on the outlook for US interest rates: "We believe that the inventory correction is in its advanced stages and any activity in the next two quarters will add considerably to aggregate demand. Furthermore,
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      • 101 2 SOME professionals in Singapore are feeling the heat from the economic downturn and the consolidation in the financial industry. Several remisiers, bored to tears by sluggish market volumes, have turned part-time sales agents for Nu Skin products from the US. Top agents can allegedly earn
        101 words
      • 72 2 FACED with the prospect of more embarrassing gaffes, senior bankers are said to be scrambling to check—no, double-check their CVs posted on their employers' websites. It seems DBS Bank's mix-up in its annual report and on its website has had a profound impact on the industry.
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  • Page 2 Advertisements
    • 98 2 HUBLOT CHRONO6 R M P H THAI S HNS ATI ()Y\l F HHI INC, > r s In S o. -1,. < ri I 1)t II- 1 S Hi r. i.l ilk' t K V. II I .1 MDM I M I n|\l. \l'( (RI I 111 111 II k
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  • REINVENTING singapore
    • 629 3  -  Some say scheme is electioneering move; other ways should be found to help poor By' Teh Hooi Ling THE "New Singapore" shares scheme announced by Prime Minister Goh Chok Tong was welcomed by most people yesterday, but some questioned whether whether it was
      FILE PHOTO  -  629 words
    • 456 3  -  The manufacturing sector runs risk of being hollowed out By\ David Boey SINGAPORE may not be able to stem the migration of companies to cheaper manufacturing locations, so Prime Minister Goh Chok Tong's call to rethink the building blocks of the Republic's
      456 words
    • 478 3  -  By Grace Ng EXCEPTIONAL service goes a long way... all the way to Kuala Lumpur in fact. A bellboy at The Ritz-Carlton Millenia appeared to be missing in action one morning, leaving only a cryptic note saying that he was running an important
      478 words
    • 333 3  -  They'll be able to boy 3-room resale flats in urban estates By Andrea Tan HOUSING agents yesterday welcomed the liberalising of the sale of three-room resale public flats for singles above 35, saying it was another source of revenue for them. Singles
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  • Page 3 Advertisements
    • 229 3 jH ym a ■•M I.i /T. B 1 LA IMK Kb p MM A "'"Ute- MM h 'isyih I B V *1 B A. K flg|B LjnLfl i B B l&l 1 The Internet changes the way companies manage Human Capital. The best people are not just hard to get
      229 words

  • SINGAPORE companies
    • 117 4 NERA Telecommunications yesterday announced that its substantial shareholder, Nera ASA, has entered into an agreement with Danish company Thrane Thrane to merge their satellite communications interests and create the world's largest satellite communications company. Under the deal, Thrane Thrane acquires Nera ASA's satellite communications division Nera
      117 words
    • 788 4  -  lock siew r sivanithy THE Singapore Exchange (SGX) has come under a great deal of fire for its proposed solution to the Links Island affair. Most of the criticism has focused on how unfair the solution is to contra players and others who sold Links
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    • 406 4  -  $3£m spent since Friday; funding seen posing no problem By, Andrea Tan FRASER Neave Ltd (F&N) has spent $3.8 million, or $7.95 a share, repurchasing its stock since Friday, fuelling speculation that the defensive move was to ward off predators
      406 words
    • 178 4 MOODY'S Investors Service yesterday confirmed its Aa2 long-term rating and B+ financial-strength rating erf United Overseas Bank. The bank's Prime-1 short-term rating was not on review and remains unchanged. Moody's said its review, begun on July 2, considered the possible negative consequences of lower
      178 words
    • COMPANY Briefs
      • 76 5 TWINWOOD Engineering reported that its first-half2ool net loss has widened to 92.3 million, from $1.4 million a year ago. Group turnover, all from its construction business, declined to $2.2 million from $4 million. It said demand in the construction industry continues to be weak
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      • 70 5 Reuters NORELCO Centreline Holdings said first-half net profit rose 19.2 per cent to 93£ million. Turnover increased to $42.8 million from 131.7 million. Norelco is a manufacturer of hard disk drives and semiconductors, its directors expect the group's performance for the second-half to
        Reuters; ARTHUR LEE  -  70 words
      • 73 5 NUCLEUS Electronics repented a 74 per cent drop in first-half2ool net profit to $866,000. Turnover increased by 10.4 per cent to 125.2 million mainly due to the introduction of a just-in-time hub for Malaysian customers in the second-half of2ooo and contribution from its Taiwan
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      • 47 5 EXCEL Machine Tools announced tnat it has secured more turnkey sales contracts worth a total of $3.6 million. The delivery and completion of the contracts are expected in the second-half of2ool. It earlier announced it had secured $8.7 million in turnkey projects.
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    • 467 5  -  Pirm says As&26m proposal part of diversification strategy By Rachel Ong SPORTING retailer Royal Clicks has gone Down Under to look for another partner, after its proposed acquisition of FJ Benjamin suddenly fell through on June 30. Yesterday, Royal Clicks said
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    • 278 5  -  Fromi Audrey Tan in Hong Kong DBS will integrate the treasury and markets divisions of Dao Heng Bank and DBS Kwong On by the end of this year, and aims to grow the department to be among the top three in Hong
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    • 346 5  -  IPO of 39.3 m new shares at 21-25 cents each expected after 5-month delay By Ling Su Ann THE continued market downturn has not deterred mainboard aspirant Tat Seng Packaging from going ahead with its listing plans six months after receiving in-principle
      346 words
    • 269 5  - HTL expands in China with 10.8m investment By i Rachel Ong EXPANDING capacity is certainly not a priority for many local firms now, much less venturing into China. But HTL International Holdings a sofa manufacturer and producer of leather hides bucks the trend when it announced yesterday a $10.8 million
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • SINGAPORE markets
    • 293 6 1PVUS1C 10.158,000 Asia Food&Prop 8,140,000 SJr*Tell5c 7,652,000 FuYuMfclOc 5,315,000 Autron— 4,846,000 PCA Tech 10c...» 4,658,000 PNEIndlOc 4,555,000 SMRT10C 4,480,000 Chart Semiconductor 26c 4,289,000 VentureM4£?5c 4,212,000 Ver*ureMlg25c 50,476,600 U08 34,003,700 DBSGrp 27,665,996 Chart Semiconductor 26c 20,279,060 DatacraftlOc 15,*****6 SingTel 15c 14,016,976 SPH 13,*****0 008 9,568,700 ST En« IOC 8,483,420 SIA.— 7,832,000
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    • 627 6  -  l I comment STOCKS r. sivanithy A GROWING number of brokers are writing off the current quarter and looking to the final three months of the year to salvage something from a dismal 2001. Problem is, there are no visible
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    • 171 6  -  WARRANT WATCH By R Sivanithy THE shares associated with many warrants have fallen so much that there may be no advantage in buying the warrants. Put differently, the gearing advantage that warrants used to enjoy has been eroded. And this, in turn, has detracted from
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    • 230 6  -  HOT STOCK By Ven Sreenivasan VENTURE Manufacturing headed the losers' list yesterday amid fears it could be hit by PC maker Hewlett Packard's decision to cut back on suppliers. The stock sank 80 cents, or 6.4 per cent, to close at a six-week low of
      230 words
    • 533 6  -  I comment CURRENCIES AS, NZ$, euro clear winners; most Asian units down, US$ recovery bid falters larry wee ANOTHER sharp fall on Wall Street last Friday cut short an attempted US dollar recovery against favourite alternatives like the euro yesterday, but also held
      Source: Reuters  -  533 words
  • 2808 6 UNIT TRUSTS FUNDS *>w*in Aaaot Mgt Aaia Ltd A L 1 f .1. a., ill, 11 AOCfOWi MICCT rOfTTO<iO China Opportunities Ml** 0.888 0.933 Global MNC M 0.668 0.702 Giobal Technology Fdl** 0.522 0.549 UKMueOiipFdl" 0.698 0.733 American OpportM 0.7*3 0.802 Coot Euro Eqty Ml** 0.966 1.016 Japan Eqty Ml**
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  • SINGAPORE news
    • 563 7  -  No choice for S'pore firms, stress delegation members From Eugene Low in Beijing THE government's call to develop China as a hinterland for Singapore products and services is a timely one, say members of the business delegation which is part of
      CHEW SENG KIM/ST  -  563 words
    • 420 7  -  PunUy-nm businesses most hire professionals, including locals, to go far: Leng Beng By Siow Li Sen THE Hong Leong Group has been hiring expatriates since the seventies, long before foreign talent became a buzzword in Singapore. Kwek Leng Beng head of the diversified Hong
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    • 185 7 ONG Beng Kheong is the new chief executive officer of Sentosa Cove, the Sentosa Development Corporation subsidiary with overall responsibility for developing a 116-ha site on the eastern side of the island. Mr Ong—residential chief at Jones Lang LaSalle (JLL) until he left
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    • 355 7  -  PROPERTY FOCUS But US firm won't be pulling out of S'pore By Vince Chong US-BASED infotech hardware giant 3Com Corp will sell its manufacturing plant in Singapore and invest the proceeds elsewhere, the firm's global real estate adviser Cushman and Wakefield (C&W) said in
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    • 316 7  -  Shell tifttig ot ex-colleagues from Or&ngeTeexom By\ Kalpana Rashiwala COLLIERS Jardine is boosting its valuations business by hiring a team of seven valuers from Orange Tee.com headed by Cynthia Ng to augment its present team of seven valuers. Ms Ng, a well-known personality in
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    • 125 7  -  MAILI.TM Wee Tiong Kian Singapore LEONG Huat Industries was suspended some time in 1962 pending investigation into the trading of this counter. I have been waiting patiently for its outcome and was therefore surprised to see the announcement of its delisting on July 2, 2001,
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    • 126 7  -  Nancy Teo Chief Executive Officer Singapore Labour Foundation I REFER to your article "NTUC HQ at New Downtown to offer 70% of space" by Vince Chong (BT, Aug 17). The article reported that the Singapore Labour Foundation (SLF) will foot $150 million of the development
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  • Page 7 Advertisements
    • 180 7 Wt're the first to listen! agile worWorce is the ke y to any company's survival in today's challenging climate. They will not only see companies through difficult, periods, but also better position their firms to dominate their respective markets. Through online learning and Star Hub IP.Q (Singapore's first intelligent IP
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  • FOCUS property
    • 637 8  -  i I comment PROPERTY It has to return idle Industrial land and yet keep Industrialists happy In the process lee han shih COULD Louis Mountbatten, best remembered as the last viceroy of British India, possibly have any relevance to JTC Corp? Yes, if only because
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    • 423 8  -  Sales achieved after one month; analysts say it is good news By' Vince Chong SALES of the fully tenanted Burlington Square on Bencoolen Street have reached some 120 units since its launch a month ago, a result property consultants deemed as good news in
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    • 221 8 ASCENDAS Land Singapore yesterday announced a 7.4 per cent cut in monthly net rentals for its business space. The reduction comprises a 5 per cent rebate on net rental, as well as savings based on the 25 per cent property tax rebate which
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  • Page 8 Advertisements
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    • 1351 8 Notices M THE MATTER Of THE COMPANIES ACT, CAP. SO SIN ME MB PTE UD (In Voluntary liquidation) Al an Exiroordinory Ganord MoaWng of Am a»mboro of SIN ME RUftMR PTE LTD duly cowviwd ond hold at *001 >ood» •I*ol OoMn MM* Towor, famiw »W or IS day W Augwt
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  • BIZ woman
    • 510 9  -  Dismissing reports of her departure, directors have given wholehearted support to the embattled CEO's changes to HP operations and culture, reports LOUISB KEBOE LOUISE KEHOE FT (SAN FRANCISCO) Directors of HewlettPackard broke a tradition of silence to declare their "100 per cent support" for
      FT; AP  -  510 words
  • Page 9 Advertisements
    • 553 9 (ft DEVELOPMENTS IN FINANCIAL JJ REGULATION ANN CAPITAL MARKETS a 31 Auflu ***** T ir Ballroom, ShangrUa Hotel, Slng*>oro Main Conference KM% Legal Aapacta of doMtatfon and Technological Change In Financial Services O* laauee Rotating to Fixed Income and Equfty Securttfee International and Domoefc Developments In Corporali Governance and Financial
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  • Page 9 Miscellaneous
    • 308 9 CRYPTIC CROSSWORD ACROSS 3ln strong wind, damaged n -i. 1 ia i m —i 11 i rr —i r* 1 Feai bloated need to find a bdherl(7) 1 z J n 3 M 7 sewer? (5,2, 3, 5) oman WO( 9 dared |g)° op#w hc, r,ton or 5 Did sontecprdsning
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  • EDITORIAL & opinion
    • 861 10  -  ■n;i=i bottom line OPINION anthony rowley The writer is BT's Tokyo correspondent AT least some good appears to have come out of Japanese Prime Minister Junichiro Koizumi's controversial visit to the Yasukuni Shrine in Tokyo where the names of 14 so-called "Class
      861 words
    • 74 10 'We have gone from boom to bust faster than any tune since the oil shock. When you screech to a halt like that, it feels like getting thrown through the windshield.' chief economist of Morgan Stanley, on the US economy 'When things turn, they're going to turn
      74 words
    • 625 10 EDITORIAL WHEN Hong Kong was downgraded last week from third position to tenth in a global ranking of business environment by the Economist Intelligence Unit (EIU), its financial secretary, Antony Leung, reacted by dismissing the ranking as "unduly pessimistic" Mr Leong fell back on Hong Kong's
      625 words
    • 1044 10  -  I! job losses in the US don't then rebates and lower energy prices could boost consumer spending By Edward Yardeni Dr Edward Yardeni is chitf investment strategist for Deutsche Banc Alex. Brown RECENTLY, my wife and I drove to the Hamptons,
      AFP  -  1,044 words
    • 710 10  - Pointer to an extended slump COMMENTARY The cnrrent bear market could bust at least until 2003 By\ Mark Hulbert The writer is editor of The Hulbert Financial Digest, a newsletter based in Annandale, Virginia. USA NYT I HAVE some bad news. According to perhaps the oldest market-timing system still in
      NYT  -  710 words

  • REGIONAL news
    • 654 11 KUALA LUMPUR Move may be bid to retain control at state postal service that govt wants to privatise Reuters SHARES of Avenue Asset and its unit, Phileo Allied, rose yesterday due to market talk the Malaysian government had bought stakes in
      Reuters  -  654 words
    • 352 11  -  Analysts say it won't be difficult to farm out the shares among the party's members From Eddie Toh in Kuala Lumpur THE investment arm of the Malaysian Chinese Association (MCA) has secured 92.14 per cent of Nanyang Press. Huaren Management, the party's business vehicle,
      352 words
    • 403 11  -  He will meet PM Goh, give lecture on his first visit here By\ Lob Hui Yin THAI Prime Minister Thaksin Shinawatra will pay an official visit to the Republic tomorrow at the invitation of his Singapore counterpart Goh Chok Tong. It will
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    • LATE Briefs
      • 64 11 AP, Dow Jones Newswires [KUALA LUMPUR] Malaysian Primary industries Minister Lim Keng Yaik said yesterday the country would scrap export tax on refined palm oils and their products effective Sept 1. Malaysia currently charges 5 per cent on rrflned palm oil exports. Malaysia
        AP,; Dow Jones Newswires  -  64 words
      • 64 11 AFP [KUALA LUMPUR] Malaysia's police were guilty of violating human rights and "cruel and inhuman" treatment of detainees alter a mass anti-government protest last November, a top-level inquiry found yesterday. The government-backed Human Righto Commission of Malaysia, in a 66-page report of its first
        AFP  -  64 words
      • 66 11 AFP [TAIPRI] Over factories closed in thg mngitha to July, up 30 per cent from a year earlier, as the econonq turned sharply for the worse, the economics ministry said yesterday. "The current recession has forced many Taiwanese manufacturers either out of business or to
        AFP  -  66 words
      • 61 11 Reuters [HANOI] Vietnam's finance ministry has sought government approval to exempt foreign investors ftom income tax on income earned from securities trading, state media reported yesterday. Hie Chung Khoan weekly said the incentive was aimed at boosting foreign participation in the fledgling bourse, which
        Reuters  -  61 words
    • 623 12  -  Team in Jakarta optimistic of deal to revive US$6 billion loan p» fk »C» Fromi Shoeb Kagda in Jakarta AFTER eight months of rocky relations with Indonesia, an International Monetary Fund (IMF) team flew into Jakarta over the weekend expressing optimism that a stalled
      REUTERS  -  623 words
    • 359 13 SHANGHAI Allegation highlights again rampant corruption in China's stock markets Reuters CHINA'S official Xinhua news agency has accused a domestic accounting firm of helping eight listed companies "cook" their books in the latest scandal involving the country's unruly stock markets. The allegation, highlighting
      Reuters  -  359 words
    • 259 13  -  SINGAPORE By\ Bryan Lee TAIWAN President Chen Shui-bian is soon likely to lift the ban on investments of more than US$5O million in China, Salomon Smith Barney says in a report. Mr Chen is also expected to propose direct transport,
      259 words
    • 323 13  -  HK may need to cot more staff to gain competitiveness: Antony Lenng Fromi Audrey Tan in Hong Kong HONG Kong's unemployment rate crept up again in July, and there are signs that it may rise further, the government said yesterday. Latest figures released
      REUTERS  -  323 words
  • FINANCE
    • 276 11  -  ST Indat/MSCX {Ppore Indax C K Lau Refco Singapore SINGAPORE shares skidded yesterday amid the poor local economic outlook and persistent earnings worries in the US. The benchmark Straits Times Index closed at 1,626.92 a loss of 9.27 points, or 0.57 per cent with five gainers
      276 words
    • 234 11  -  MSCI Taiwan Index Daniel Wong Refco Singapore TAIWAN stocks continued to faU yesterday with the government's forecast on Friday that the economy would shrink 0.4 per cent this year acting as a dampener. The MSCI Taiwan Stock Index feU 3.9 points, or 1.8 per
      234 words
    • 231 11 Reuters THE US dollar staged a small comeback yesterday, rising nearly half a per cent against the euro after testing fivemonth lows set last week, but thin market conditions were exaggerating price moves. Earlier, concern about the speed at which the US economy might recover had pushed the
      Reuters  -  231 words
    • Article, Illustration
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  • Page 11 Advertisements
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    1,450 words
  • Page 12 Advertisements
    • 276 12 PROPERTIES The Straits Times Classified. Classifications 402 568. US Buyk. Sdk. Find It. tl jjr IB ttt Uppar East Coast Road I Singapore *****0 I Spring Court 449 503<vs pj(/with vm Where to wine, dine and entertain...""?UK£& ■■^mm^^^■—— COOLEST NIGHTSPOT FOR A NOSTALGIC TIME Relieve the good oM days with
      276 words
    • 41 12 The Essence of Bordeaux Gastronomy at Top of the 'M' Revolving Restaurant presented by Guest Chef Eric Braquessac 15-26 August 2001 «Bon append Reservations: 891 6258/88 9mwwHlm% llttlWMt BB L --iffte-l tow SMOirtiiilUtl will 11MMT. M: 737 4411 fac ta 23*1
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  • 6694 13 HONG KONG A—10 HK$ roooi AcroesAsia Multimedia 1.55 unch 0 Aipfte General 0.03 until 5350 Amoy Prop 8.55 -0.05 IS79 AnandaWbigOn 013 until ***** AngangNewSteeiH 0.85 -OCT ***** Anhut Conch H 1.72 until ICT4 Anhul Expressway H L29 0.04 1302 Arcontech Corp 1.08 -0.03 688 Alia Set Telecom
    6,694 words
  • Page 13 Advertisements
    • 267 13 JOINT VENTURES I HR Successfully joint venture ActMtiM I Employment Law Date Tuesday, 4 September 2001 Jm KM O A Time 9.00a.m.-5.00p.m. II IVI QC A Venue Hotel Inter-Continental, Singapore n 1W Date Wednesday, 5 September 2001 THE JOINT VENTURE has in recent year* become an tncraaeingly Important business form
      267 words

  • WORLD news
    • 424 14 TOKYO Dutch bank's Tokyo brokerage unit also told to Improve internal compliance Bloomberg AFP JAPANESE regulators told ING Groep NV's Tokyo brokerage unit to improve internal compliance after its traders sold shares of Daiwa Bank Ltd before ING analysts published a
      Bloomberg; AFP  -  424 words
    • 383 14 WASHINGTON Gain reflects increase in money snpply and drop in initial jobless claims Bloomberg THE US index of leading economic indicators rose in July for the fourth straight month, suggesting the economy may strengthen at the end of the year,
      Bloomberg  -  383 words
    • 228 14 BERLIN AFP FOUR of the five largest German investment funds have stopped doing business with Deutsche Bank after it placed a large package of Deutsche Telekom shares earlier this month, causing their value to plunge, the news weekly Der Speigel reported
      AFP  -  228 words
    • 272 14 WASHINGTON This is on condition dialogue doesn't become stage for anti-globalisation violence FT THE International Monetary Fund (IMF) and World Bank have agreed to a public debate with leading anti-global-isation activists during the organisations' annual meetings in Washington next month.
      FT  -  272 words
    • 245 14 TOKYO Dow Jones News wires NEC Corp and Matsushita Electric Industrial Co, two of Japan's largest makers of cellular phones, are discussing a broad alliance to jointly develop mobile videophones and other hand-held devices, according to people familiar with the companies' plans.
      Dow Jones News wires  -  245 words
    • LATE Briefs
      • 69 14 AFP [BRUSSELS] IfmnMlly artjnstail irahistrlri pr"*— in the 12-member euro-zone increased by an estimated per cent in June from May, figures from Euroetat the ElTs statistics branch, showed yesterday. Production by all 15 members afthe European Union (EU) increased by I an estimated 0.7 per
        AFP  -  69 words
      • 60 14 Bloomberg [LONDON] Tbs UK's trade defic it widened to a record in June as a global economic sk)wdown pared demand for British goods. The deficit increased to £3.2 billion (SSB.I billion) —the highest level since records began In 1007— after a revised
        Bloomberg  -  60 words
      • 64 14 AFP [SYDNEY] Recently merged BHP Blllitoo Group announced yesterday a profit billion, excluding exceptional items, for the 12 months to June 30, JOOl. The result, the first since BHP and BUliton merged earlier this year to form the world's largest diversified miner, i epi
        AFP  -  64 words
      • 75 14 Reuters [PARAMUS, New Jersey] Toys R Us Inc, the No 1 US toy chain, yesterday reported a fiscal second-quarter bam, reversing a profit a year ago, hart by the stalled US economy and spending to remodel stores. The retailer said its net
        Reuters  -  75 words
    • 378 15 LONDON Deal could fetch op te USs2b for the firm which is coping with felling sales FT ERICSSON, the Swedish telecommunications equipment company, has appointed advisers to sell its microelectronics division, which designs and makes semiconductors and circuits, in a deal that could value the
      FT  -  378 words
    • 309 15 TOKYO Layoffs would help it generate a 400b yen operating profit Reuters IN response to the global infotech slump, Japanese chip and computer conglomerate Fujitsu Ltd yesterday said it would slash 16,400 jobs in a dramatic restructuring that would cut sharply into its
      Reuters  -  309 words
    • 237 15 TAOYUAN, Taiwan Dow Jones Newswires PRICES for memory chips used in personal computers and other electronics equipment could rebound as early as October, said a senior executive at Nanya Technology Corp. Nanya Technology is one of Taiwan's largest makers of dynamic random access memory
      Dow Jones Newswires  -  237 words
    • 395 16 Statement loom designed to calm markets as discussions with the IMF drag on Dow Jones Newswires Reuters, AFX [WASHINGTON] The finance ministries of the Group of Seven (G-7) leading industrialised nations have issued a joint statement expressing confidence that Argentina
      Dow Jones Newswires; Reuters,; AFX  -  395 words
  • Page 14 Advertisements
    • 139 14 lis ambient e is reminist ent ol Ihe uood <)l(l days vvht-n rit h "InvvkiivV entertain llieir business t lienls. Ills ent it inv; Sit luian ret ipes have kept diners t online hat k lor more. "■J lt> delit alel\ t realed \an^ /htm tlian \in and E*l it
      139 words

  • 1373 15 BOWPS A WARRAMTS Aj^o BMa Hmt u*j U* Ml* I Willi tat IMC Urn mm mm mt im cmmr *W mm im mm *tam m» —b*** w nw ub 393 24 AST1W*****1 273 -OS M 273 273 273 24 28 26.4 1 16 < IM u »4 40
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  • Page 15 Advertisements
    • 282 15 THE OF SINGAPORE w gyvnnsw in* AMOUNT OFFERED SGD 2200 MILLION ISSUE CODE NYOIIOOF ISIN COOE 5G********** ISSUE DATE 3 SEPTEMBER 2001 MATURITY DATE 1 SEPTEMBER 2016 INTEREST RATE TO BE DETERMINED BASED ON THE AVERAGE YIELD OF SUCCESSFUL APPLICATIONS PR'CE TO BE DETERMINED AT THE AUCTION INTEREST PAYMENT DATES
      282 words

  • 6853 16 SOXMAWBOAltP fir fir KM l«* Bay LaetQaate Dk Dk M M Cap «*> t— 0—f Ml W- {Ml I— Bayer M» Cw P« >3 W» MULTHNOusnrr 143 cAomft 3U <05 5t *5 IS 38 385 0.5 19.9 0 6 101 f&M 38 41 cAKanoeTedi 13 ♦3 1 13
    6,853 words

  • CAMPUS life
    • 760 17  -  Informatics' tie-up with UCB Extension will bring the latter s executive seminars to Asia, reports wAmrer. ***** RACHEL ONG Lifelong education has been touted as a New Economy doctrine and preached as the only way to stay employed in an environment of technology-driven changes. On the
      760 words
    • 545 17  -  postPETTyiit Stanford By Stephanie Chui Ms Chui is a second-year student at Stanford University UW ROVE to me that the Bible is the M divinely inspired word of God. I say to you the Bible was written by drunken old men who had
      545 words
  • Page 17 Advertisements
    • 291 17 g -1 Unin. rOrfl Motor Credit Company Floating Rati Notes Dw Fsfcreary 13,2003 CnhnMi Naa*erS44llt3 Ml Na.: U*****97 HV79 CIIS* Ms.: *****7 RV7 In accordance with the terras of the documents governing the above-referenced Notes, notice is hereby given that the Interest Rate per annum for the Interest Period commencing
      291 words
    • 199 17 f Spa Retreats Hotel Padma *$719 (Includes a Spa Voucher worth US$4O per person!) Nusa Dua Beach Hotel Spa $759 (Includes a Spa Voucher worth US$45 per person!) Inter-Continental Resort fr $799 (Includes a Traditional BaHnese Massage worth US$4O per adult!) Banyan Tree fr $1259 (Includes a 3 hr Spa
      199 words
    • 254 17 Jjm r ll W ch.irtcred secretaries and b r- •m.i I B Ja compary formation n al me T\i|Or low t i> areas nc id.nq r The world's leading Florence tr v Offshore Company and Tax Tel 65 535 3382 Fax: (65) 535 3991 Planning Specialists V m W< >1
      254 words

  • KNOWLEDGE economy
    • 937 18  -  BEST EMPLOYERS Df ASIA STUDY Companies must realise that they Deed a new perspective when looking for the right personnel, says noi mmwn MICK BENNETT The writer is managing director, Asia Padfic,for Hewitt Associates, a global management consulting and outsourcing firm specialising in
      937 words
  • Page 18 Advertisements
    • 167 18 tvn I nro 4PI 19 21 September 2001 New Frontiers Singapore International Convention and Exhibition Centra Asia Pacific's Bio Medical P Tem 10 J Bio Medical Sciences in Era Medical Devices Enhance your knowledge of latest trends and Healthcare Services developments Business/Investment Opportunities •Venture Capital Network with senior Investment Firms
      167 words

  • SHIPPING TIMES
    • 278 19 Reuters THE Baltic Dry Index (BDI) was up 11 points to 978, with the Baltic Panamax Index (BPD up 1 36 at 968, the Baltic Handymax Index (BHI) fell nine points to 7,775 and the Baltic Capesize Index (BCD was down two points to 1,100. ♦Lady Kadoorie (built
      Reuters  -  278 words
    • 80 19 ST..,,.,,., t* "i Churn Hup 0.12 -0.01 85 -0.0> MO §ii=I i 4 £"£f? M -0-0' dH22^»2® —oil -ac2 "*0 wSv- Kr:. JS IS SSKSsszriS 3 mm mi w lit S3 uwimium *40 ojo mt £ssfe=tii IS MWW«W*». 0*0 MM 0 K2TC!!=3S SS 8 1 «w« :,n. :-<:
      80 words
    • 363 19  -  Semi-submersible tender rig being built at Keppel Hitachi Zoseny&rd By] Donald Urquhart [SINGAPORE] Offshore drilling contractor, Smedvig Asia Ltd, has announced plans to exercise an option to purchase Keppel Hitachi Zosen's (KHZ) 72 per cent interest in a US$B2.5 million semi-sub-mersible
      363 words
    • 356 19 SriLaahaefferg USssomgnrutee, cheeks at part Reuters [COLOMBO] Sri Lankan shipping officials said yesterday a war-risk insurance premium for ships calling at Colombo would be lowered following negotiations by a government-led team in London last week. The insurance premium for a
      Reuters  -  356 words
    • 198 19 [SINGAPORE] A buoyant marine market which boosted shiprepair and newbuilding orders was credited for Pan-United Corp's 109 per cent jump in first-half2ool net profits, according to the company. While the group's core businesses all contributed to the overall $8.9 million net profit on the
      198 words
    • 218 19 Reuters [HONG KONG) Orient Overseas (International) Ltd (OOIL), the shipping giant controlled by Hong Kong chief executive Tung Cheehwa's family, said that it had profits of U5549.07 million for the first half of 2001, up 103 per cent from U5524.19 million a year ago. The company
      Reuters  -  218 words
    • 388 19  -  Owners to pay costs after lIP takes them to court By Beth Jinks [SINGAPORE] The 237 stranded crew members of cruise «h<p Ocean Glory I have won a judgement for outstanding wages and repatriation costs after almost two months in Dover. A
      388 words
    • ALASKA cruises
      • 703 20  -  Alaska is restricting the number of cruises through Glacier Bay one of its top attractions. The move will affect holiday plans of many S'poreans, for whom Alaska is the number one cruise destination outside of this region By 1 Beth Jinks [SINGAPORE] A
        FILE PHOTO  -  703 words
    • 139 20 PAOC 'WiiuMl S teiib S BSA 7 i cc* 7 CMA CCM 3 COSCO 3 CatnyUf 5 Co*jMb«ts 6 CotralEz 6 CNmS*| 5 Coagar 7 t CVTUoMtt 7 tanas 4 DjakUoyd IMP— 3 Ed 4 ECUUm 5/1/7 Evergreen i Fooftf Sw S FiM 7 CLM 4 CeaartraM
      139 words
    • 5836 26 THEBUSINESSTIMES Paoe8 EXPORT 1 TUESQAY, AUGUST 21,2001 ETA ETA AOwrtMf VomM Mm SM ft ABIDJAN (ABJ) 2003 Cot* D'lvoirB am a/a cosco hope mam u-nsm M Ml NaHm INTEUJGCNCE CONTA 1 IOMS 16-***** O/M M/B (MM* HYUNDAI LWOTTY JMW 0-*****4 ft ABU DHABI (AUH) 2004 U. A. Emirates
      5,836 words
    • SHIPS IN PORT
      • 656 27 VWM« Voy Wo Nrt> Anfral Omrtm Jm|M tm Afro. a JI7 20/00/330 2V00/I40 |Wr »4 J0» 30/00/7:20 25/00/740 111 JM 20/00/7* 20/00/M40 CSoccoss 20-M M 20/00/730 20/00/1740 MJMM* DM JOI 20/00/0tt 2<VG0/»«> JM 20/00/040 20/00/2041 MMS*«• M-JM joi 2MM*5 20/00/2*00 JI.*tarM 0Mor<M JOT 20tA*/0J5 20/00/1740 Mrtwl MUM JOI
        656 words
      • 1168 27 RECPVWO OF EPOtT FO. CONTAINERS AND LCL CARGO EtWitr Nrtoi fjH tcntm mo wm itmoo mn mm mmc «A*« .-vtw WATOC rere»* re/woc WM* am wm WHO WWW WPW UJ wwscw KM rvn-00 a MN IM Www a WTO re/»w rer*oc a IVT70C TO*** tVOKC MM MM WW
        1,168 words
      • 167 27 AagutCT United Kingdom: Summer Bank Holiday Malaysia: National Day Philippines: National Heroes Day Vietnam: National Day Canada: Labour Day Vietnam: National Day Holiday United States: Labour Day Japan: Respect for the Aged Day Mexico: Independence Day Jafxm. Autumnal Equinox Day South Africa: Heritage Day Taiwan: Teacher's Day Hongkong:
        167 words
      • 742 27 THIS report, compiled by Cockett Marine Oil lid. show* price ranges In US dollar* Instead at single prloaa for a more comprehensive deacilytluu at the mar kat Price* shown art baaed on a veragesbad stem Market movements are indi catad. The Cockett Bunkar Price Index change
        742 words
      • 387 27 OrtM aOOta WJ OJ BJ 6.1 44 OJO *2* *—*y ttm+tm TitaiiO Mo Mow £25 0 0 I f 0 1 mtm 40SJ OJ 14.7 AM 17 0J2 ta *0 Ota mj 0J I7J 0.04 40 Ul »Mi —ta HeMowt35 0 0 0 0 0 ISVOMcLMb
        387 words
    • AIR & LAND transport
      • 311 28 AVIATION CRISIS Df KOREA Those responsible for air safety downgrading by US will be punished AFX-Asia [SEOUL] President Kim DaeJung has ordered an investigation into South Korea's aviation industry after the US downgraded the country's air safety rating, officials said. But Mr Kim's
        AFX-Asia; REUTERS  -  311 words
      • 400 28 Reuters [SEOUL] Asiana Airlines said AMR Corp's American Airlines had terminated a code-sharing pact with South Korea's second-largest carrier following a safety rating downgrade by US aviation authorities. "American Airlines informed us on August 18 that they would no longer
        Reuters  -  400 words
      • 251 28 AP [HONG KONG] Cathay Pacific Airways cancelled .four flights early yesterday, blaming a sickout by pilots who have been staging a go-slow job action since early July. Cathay scrapped flights from Hong Kong to Manila and Singapore as well as the return journeys the
        AP; FILE PHOTO  -  251 words
      • 226 28 Carrier considering settlement to provide US$7.5 million to unsecured creditors AFX Deleware) -Unsecured crfeditgrs of Trans SWbAI Airliner (TWA) could receive cent of their claims if TWA and its creditors' committee agree on i proposed settlement, the Wail Journal reported St i>
        AFX  -  226 words
      • 289 28 Bloomberg [SYDNEY] Richard Branson's Virgin Blue said it has not been contacted by Qantas Airways with a proposal to buy the unit of Virgin Express Holdings. Qantas chief executive Geoff Dixon said on Sunday Australia's largest carrier would "love to take them
        Bloomberg  -  289 words
      • 167 28 Bloomberg [TAIPEI] Boeing Co, the largest commercial aircraft maker, has offered to buy all China Airlines (CAL) Airbus 340-800 lets to help beat its European rival and win an order for its 777 aircraft. "Boeing has been beaten badly by Airbus in the
        Bloomberg  -  167 words
      • 340 28 Govt tarns down proposal for domestic fare hike Bloomberg [BANGKOK] Thai Airways International received government approval to raise passenger fares on most international flights to make up for surging costs related to fuel purchases and a weaker baht. The national carrier
        Bloomberg  -  340 words
      • 1358 28 85 P» «JW o» mm mm am umm 1230 mm tm Wl Wl $023 OtS CMT4 ouo nKB MB an 22s ww m1 1—§ »w mm mm tm iiiHiii 1mm mo K42os ioe SO M sow ioe SOUK MO ■MM 20® mm Itotlipm 0M21 H00 SOW
        1,358 words
  • Page 19 Advertisements
    • 82 19 Book oarly and pay mora Alaska's spectacular Icebergs, vast glaciers and unique wildlife have made It the cruising choice of Singaporeans keen to escape the heat, humidity and humanity of South-east Asia. But how will a recent US court decision to restrict access to the most popular part of this
      82 words
    • 52 19 Aviation crisis in Korea BaekPg to Mr Stanley Lim Hwee Hong Our i r v i JlCar£eiing <£ O&usiness Qeuefopmeni on Being Gonferrecfwii/i t/ie CPuSfic Service JKecfaf C/^a^ii JlCasyaraJzaJ) 6y Jfis Cjxceflency The President of Singapore, Mr S. R. Nathan r 7rom: Of/ie JKana cjemeni ancfZJ/ie C/3oarcfof directors of PHIU-ORKNT
      52 words

  • Page 20 Advertisements
    • 477 20 NORTH AMERICA OULF/fNDIA SUB-CONTINENT 1 ISUPER SHUTTLE EXPRESS (SBX) ttlfVf ttAnftCM J rw I^s7 —r~z —[—5; —ns zzr z "z ims: I —as —*s—*s-155-5 —*5-155-ooawieiMK mm nm m/m ii/m PtOMMiOT»«Auca i« nm nm nm nm 1 1 1 I MBUOTD UO M GtANK M/M 01/ M nm II /M l_J
      477 words
    • 493 20 MrvioH rapTßMntsd by Mmbmn d *w Kmgaky of MwmUr* of \lwS~£9s) AccrocWd Agenti, Singapore logistics VgMijy Singapore Shipping AMooaliofi Astociahon IvKSfi "~voy lu riu n* P.KUN6 STOtt MU < EX Empfss Lity VO7Ol 05/09 06/09 13/09 Sinews Lily VO7Ol 22/09 23/09 30/09 EmprwsUly VO6Ol 10/10 11/10 18/10 II I ULY
      493 words

  • Page 21 Advertisements
    • 626 21 TO USA (SAX SfltVKI) rasa. vov swra uu oai ml hou cm an in m "ire uiiamm ion n/m m/m ii/m ii/m ii/m h/m ii/m ii/m n/w 13/ M UlCtm* 1041 20/ M 13/ M 13/ M 10/ M 10/ M 11/ M 10/ M 10/ M N/M N/M WBUH
      626 words
    • 1145 21 wummSTmltd "SSSSL" SSfo mummnl "*S33& n Lm «»u ggjvjj »;xr, EIH couvpmomi 4?osjoi/t5« atsia/za 2^L /n 9 *«®*w>MOw*wn*Tww/wr TH9K in n m m k m i w wXamnm £2 52 —MW/W1» M IVM Ml ZV« urea moan /vine n/w ?s T* ?i 'ONGOiNOf TOOSI itm \im !c2 22 —cig/»iy» mi
      1,145 words
    • 193 21 HDE2E BSE SE sqeqjqj H L «sa WT a Its wTs!nHiffi a ISI w 1 wr ai jp si ■mwm im imi nm nnhMilMi am jim um h* SLfISSF J® gg mmum Ims by |r/Me/w km »vw mm gpjggfe jjfi Pit fffl ii>M tamn roThy* »/M vm ""MMMf _z M«pn»|MM
      193 words

  • Page 22 Advertisements
    • 649 22 *$stSENATOR LINES fomouunmtMmmA t ww~ m WH Mi HIM HV HI Vf&ft VOT SM HI hi n m gjyjay 2g122 *2 IS !iS !i2 lis Sfi- u ~S!*~SSr"~£i —55r S2LIES2 *****2 1M i 2 i 2 22 12 I*2 ">*■ ~J* mm ism >** !S£y3£L 2Z122 £2 ™2 US i!
      649 words
    • 546 22 C*llUi. MN COETH LINES, INC qudawcj <07) men* vLJ SJJSSJJjSJSJSJg £X!£wL ,>s Ma4 i P. KHAMtt(OHMM>77 JKT: gl) jJSS SjS<WO|a^0 4>W1-J KOBE/OSAKA PIRAEUS MV "MED TAICHUNG" V.N 104 MV "CONTSHIP AMBITION" V.I 127 ETA SIN: 26-08-2001 ETA SIN: 28-08-2001 ADELAIDE NHAVA SHEVA/NEW DELHI MV "MOL WARATAH" VOl5 MV "SINAR BALI"
      546 words
    • 334 22 WEEKLY EXPRESS SAIJNG SCHEDULE WESTIOUND TO: COUNOO A MMMIHBM (CFS MULUND, MMMf) t» ACCBTMG TO «U KRTIEM MB VEHBM CO fOHIB ww m w—nw cmmmm %TBw tm wis vm ossp wbm nous mi m ■uumeoks mm bsp ijsp mmbmsespi mmamm *u» iw ■rasa saw iisp iisp hbmi mmgmm s— who
      334 words

  • Page 23 Advertisements
    • 1409 23 IVttMB. VOT KMH HKO UH I MO. DXI lAI DM* MM WAN HO6JNOZOAN PCI-221 TT/Oi 2775$ 23/08 16/09 ***** <5769 05/09 07/09 KANIMAN PCI-222 28/06 29/ M 01/09 02/09 09/09 10/09 12/09 14/09 MAN TA6ATAAAB PCI-223 04/09 05/09 09/09 09/09 19/09 17/09 19/09 21/09 KAN KIKMAN Pa-224 11/09 12/09 15/09
      1,409 words
    • 321 23 UK CONTINENT SERVICE Loadngtor NAZU Q RDM/ATW/BMN/UK/LPL TINA 1 RDM/ATW/BMN/UK/LPt ATHMOULA ROM/ATW/BMNAJK/LPt. I fMrta Stogapore, MMyw, Indonaaw MIDDLE-EAST SERVICE Looting tor AL QAWTYYU JDH/AQA HATIME ANA JDH/AQA ALCESTTS DBI/ABU/DOH/BRN/DMM/KWT PRABHU OAS DBI/ABU/DOH/BRN/DMM/KWT HENG SHAN JOH/DMT/AC* toads Srgßporß, E/N. Matayao, IndonMM USA SERVICE Lowing tar CUO PACIFIC CAM/NFK/SAV/NCX. ASTROMAR MZL/LAX/VCW/VCB JIN
      321 words
    • 984 23 tmtfm/mmiM/nmm/mmis rasa wtTsmi mm si mm mo am ia rnxm »n |vm n/tt tut jua b iml -ffMh Ml I JMLmam. Mil Imt jml um jam u o?« I I>l IRAIMM MH I IVM iyM l|/M 71/ M KM Upß Bl IXM I WWPW»/WMW tz: n Vtssa VOY SM NK6
      984 words

  • Page 24 Advertisements
    • 908 24 ivw ivw 1 IwaWMiw IpWl hw ivw iw ml BiHuwiofli# aw Imw Jg aw »w aw vm Ivßsa/vona lUPI nu I oha |m boi |vu[ «s I |raGOU»«IMm UW M/W IZ/W IVW IVW 14/ M ?l/w| Imasttttiomr a¥ ~W"W ~"S^»aw| pVBSUtfDMIS-KXW ~W "W ~afr "Sftj IflM (M B Ba«wiffWMw» livwl
      908 words
    • 836 24 BSBWH IT^ujtrali^^^^^S n. I ¥orIm» m m m m m m m |w| mmm l«n hm|- I ww I m |n/w{a/w| |wwj- FEEDER SERVICE TO INDONESIA v* yot mm nun mmm n» HM» MM !M I w I I I I I mmm hntang mas shipping pte ltd I MMM
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  • Page 25 Advertisements
    • 315 25 WB MYANMA \BBk FIVE STAR UNE W Mrmmm IktiMMi Um) W Lrndtafl fa Ymim vissa vor m m nn pm tMi am su aomu aw su aarai Manse sana Mans ml* m a-iuina ml tr u-sumui pm a M-MiMa rm a a-sinsi/4 BANK UNE (A Mn*M Adww WMr THpph|l I
      315 words
    • 918 25 HMMeHYUNDAI MERCHANT MARINE CO., LTD. lasa aa mlm ct |i I —|m| aa m [ii I vor Ikm I iw in |am nmi TP m mount am w/a nm mm mm nm nm ~Sm~~ u75 ntimul am nm nm mm a/a a/a nwa mb mm mm nm nm MB MM
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    • 742 25 vdOv WALLENIUS WILHELMSEN I TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SBVIQ' IVBSft I VOT |IM» W6HT ISMI UP MAO MIA SK¥ ML 0«f WTC WW MOO toy* AH 117 4001 ms 4JB 29/10 04/10 07/10 00/10 11/10 11/Ift» iTST lt/10 JO/10 ttUOOI Milt 4001 m 4JB 10/10 25/10
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  • Page 27 Miscellaneous
    • 122 27 V Vnv UtE ~if LEGEND: l*«ued by Mtteorologleal Service Singapore Thunderstorm Showers o Ran emperature Wind direction and speed in knots Cloud, 0., WM,h J 00 Hazy Wind speed symbols 368 Conditions O Full cirole w/o line indicates calm or light and variable winds Slight, < 12m ■J—•One haH fleche
      122 words