The Business Times, 4 December 2001

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Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: SINGAPORE TUESDAY, DECEMBER 4, 2001 85C
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  • 57 1 FOBEX BATES DBt 81 t5S(8Sp«rlSS) IBM £(US8/SSp«r£) L42S ttll EL"80{USS^SS/E). L8M IMS DM- 1184 L1S1 YEN" 1H7 87.46 Ml UM U7S HKS ?.m 4SU BAB OJ8 2SJ6 RIHAH 10,490 von bass SINGAPORE* U KUALA LDXPCB M HONGKONG U JAKARTA »M TAIPEI 171 TOKYO Ltfi SEOUL Mi FKANKFOIT ttt LONDON
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  • 954 1  -  'Significant measures' promised by next Budget Day Byi Anna Teo [SINGAPORE] The 20-mem-ber Economic Review Com- mittee (ERC) formed to look into how Singapore can upgrade, transform and revitalise its economy yesterday promised "significant measures" by the next Budget Day scheduled for
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  • 661 1  -  It will pay 60C cash for each KHZ share and $LlO cash f«r eachKTT share By' Teh Hooi Ling [SINGAPORE] As widely anticipated, diversified Keppel Corp is taking subsidiaries Keppel Hitachi Zosen (KHZ) and Keppel Telecommunications Transportation (KTT) private. And it
    TERENCE TAN/ST  -  661 words
  • 455 1 LAT-WP, NYT, Bloomberg AFP, AFX [HOUSTON] Fallen energy giant Enron Corp on Sunday filed both a longawaited Chapter 11 bankruptcy case the largest ever and a US$lO billion (5518.2 billion) lawsuit against would-be merger partner Dynegy Inc for abandoning it at the
    LAT-WP,; NYT,; Bloomberg; AFP,; AFX  -  455 words
  • 453 1  - Ernst Young gets investment adviser's licence It's Ist accounting firm allowed to advise on securities By Kalpana Rashiwala [SINGAPORE] In a move that will stiffen competition for merchant banks, Ernst Young has become the first accounting firm to bag an investment adviser's licence here. The licence granted to Ernst Young
    453 words
  • Page 1 Advertisements
    • 120 1 DfSODE Top Stortet 'Ginger* scooter unveiled. Pg 16 Spurt In S'pore electronics export orders fails to lift overall PMi. Pg 2 tii v' 4 f* ~Vi I '-"V BT Comment Lee Hen Shlti: Time for changes in Sing Tech. Pg 9 Singapore win remain export-driven, Pg 2 Whe*swftia on the
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  • NEXT page
    • ON THE grapevine
      • 80 2 KEPPEL Corporation chairman Lim Chee Onn was fast on his feet. When told that his press conference yesterday (at 2.45 pm) clashed with that by DPM Lee Hsien Loong on the Review Committee (2.30 pm), he quickly changed his opening speech by thanking the journalists for attending
        80 words
      • 62 2 HOW many ways can you say no comment? Keppel's Mr Lim showed at least six different approaches when journalists kept piling on him over a potential merger with SembCorp Industries. Once, apparently in exasperation after being asked the same question over and over again, Mr
        62 words
      • 96 2 MAGAZINES normally work two to three months ahead of time, so headlines, articles and story angles can sometimes be tricky things to decide upon, depending on the vagaries of current affairs. Swarovski magazine editors found that out the hard way when they headlined a travel article in their
        96 words
    • 287 2 [SINGAPORE] While a new blueprint is being drawn up for the economy, one pillar that win not be dismantled is exports as the main engine of growth. Deputy Prime Minister Lee Hsien Loong, chairman of the Economic Review Committee (ERC), was asked yesterday if the
      287 words
    • 725 2  -  COMMENTARY Byi Angela Tan IT'S been more than two years since Keppel Corp (KepCorp) grappled to define the core operations for the group. In the meantime, the share price of the diversified giant whose interests range from marine to telecommunications has fallen 32
      725 words
    • 194 2 [SINGAPORE] Keppel Corp expects its group performance for the year ending Dec 31, 2001 to be "modestly pleasant", executive chairman Lim Chee Onn said yesterday. "Barring unforeseen events, I shall be able to give you in about two to three months' time modestly pleasant tidings
      194 words
    • 466 2  -  3on the economy manufacturing By\ Eugene Low NEW export orders in the electronics sector rose for the second straight month in November, but the overaU manufacturing economy remains weak, according to the latest Purchasing Managers' Index (PMI). November's electronics new
      Source: SIPMM  -  466 words
    • 403 2  -  Findings of probe into bank loans raising concern Frornk Anthony Rowley in Tokyo FEARS that a new banking sector crisis may be approaching in Japan sent the Nikkei 225 stock average tumbling by more than 3 per cent yesterday. The fallout effect
      403 words
  • Page 2 Advertisements
    • 104 2 I over 275 multi-disciplined professionals 1 including lawyers chartered accotirflants j I 1 chartered secretaries an<j bankers have W A I 1 provided confidential and cost effective company formation in all the major loa Incorporation ft'os from USSSOO The world's < on-. m For j FPEE oc, cur 1 0
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  • SINGAPORE companies
    • 384 4  -  Telecoms firms are among the world's greatest value destroyers By Andrea Tan SINGAPORE Telecom has the dubious honour of being one of the world's biggest value destroyers, according to a study done by consulting firm Stern Stewart. Sing Tel, the only listed company on
      FILE PHOTO  -  384 words
    • 389 4  -  Speculation rife that three instead of two licences will be issued By\ Siow Li Sen THE Monetary Authority of Singapore (MAS) will announce in a few weeks' time the much-awaited results of the bid for Qualifying Full Bank (QFB)
      389 words
    • 293 4  -  By Chua Hui Min UNITED Overseas Bank has announced new security features for its online services, to guard against a repeat hacking into its Internet banking system. On July 5 this year, UOB's online customers were locked out of the bank's website at
      FILE PHOTO  -  293 words
    • 320 4 Bloomberg SINGAPORE Airlines Ltd, Asia's third-biggest carrier by sales, filled fewer seats and less cargo space in October than a year ago, as the global economic slowdown and the Sept 11 terrorist attacks dent demand. The airline said it filled 65.3
      Bloomberg  -  320 words
    • 716 4  -  lock siew quak hiang whai SOME YEARS ago, a former banker who was appointed chairman of a property group explained to this journalist that property development these days is as much about financial engineering as it is about housing construction. In most cases,
      716 words
    • 295 5  -  \-ii exclusive Talk of a takeover at the software developer follows massive staff layoff recently By Tang Weng Fai BARELY a fortnight after Edgematrix Pte Ltd sacked two-thirds of its staff, the company is rumoured to be a takeover target by Sesdaq-listed Twinwood Engineering Ltd.
      295 words
    • COMPANY Briefs
      • 124 5 AFX JADE Technologies Singapore Ltd said that its unit, Jade Technologies Europe BV, will be wound down and that some of its remaining business may be transferred to the parent company. The company said in a statement that weak global demand in the electronics industry
        AFX  -  124 words
      • 132 5 THE Ascott group said it has received $8.5 million for its transfer of the retail management contracts on commercial properties such as Junction 8 Shopping Centre, Funan IT Mall and Scotts Shopping Centre to Capita Land (Retail) Investments Pte Ltd. The Ascott group said in
        132 words
      • 39 5 SEMBAWANG Kim trans Ltd yesterday warned that profit for the financial year ending Dec 31 will be about 30 per cent lower than the previous year due to the slowdown in the regional economies.
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      • 106 5 TPV Technology said net profit rose 24 per cent to US$l2.3 million for the third quarter ended Sept 30 from a year ago, as turnover increased by the same amount to U*****.6 million. The group shipped more than 290,000 units of LCD display
        106 words
      • 117 5 ROYAL Clicks Ltd, incorporating the Royal Sporting House group, reported interim net profit of $4.4 million, an increase of 18.6 per cent from a year ago. Despite recessionary trends in the global market, the group achieved a 54.4 per cent rise in turnover
        117 words
    • 608 5  -  G wee claims it was Soh Chee Wen who roped in placees By Serena Ng THE defence in the MidContinent trial yesterday started its case with the first accused, Dick Gwee Yow Pin, telling the court that he was only a "messenger" for his
      608 words
    • 321 5 Bloomberg VENTURE Manufacturing Singapore shares surged to a three-month high after the company said second-half profit and sales will beat first-half figures with more orders from companies like Hewlett-Packard. The stock closed yesterday at $12.40, up 4.2 per cent or 50 cents, on volume
      Bloomberg  -  321 words
  • Page 4 Advertisements
    • 400 4 Andersen I- rocant •WW"* t<> Singapore Statement of Accounting Standard (SAS) 12 have made significant changes to deferred tax accounting. This saminar alms to provide participants with an understanding of the revised SAS 12 and ita application. Aa Singapore moves toward a disclosure-based regime, companies are encouraged to publish interim
      400 words

  • Page 5 Advertisements
    • 84 5 WhatzOn v 3.8 i T^ from $V5/mih iff T t T+ S AL Ml I I 1 Tel: *****18 WhatzOn is simply the best Internet-based real-time charting package available for the Singapore Malaysian market. Daryl Guppy Author, Speaker Full time Trader y Live Quotes Charts with Technical Indicators SGX, KLSE,
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    • 85 5 HOTf>OG! Fly World Business Class SM for as little Los Angeles In addition you can now fly roundtrip Economy Class to many major U.S. cities for only SS9BB. For full details visit World Web h Reservations at www.nwa.com/sg, call Northwest Reservations i w at 336 3371 or contact your travel
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  • SINGAPORE markets
    • Article, Illustration
      302 6 OTHER SINGAPORE INDICES Dec 3 VALUE CLOSE ■TOMS -113.00 -242.00 ■TCMM -*****.00 -49.00 VT1»4*IM -*****.00 -11.00 M-SG EpMn 395.28 +2.21 S6 Ehct 123.92 +1.56 S6E4riHMFh 1272.95 +17.05 MIpMnhip 392.81 +8.15 maStappMV 183.29 +2.77 SMSCI FtttBTM 182.50 +2.50 Stocks Volume IPC020C 49,237,000 TPVUSlC 7331.000 PacitteCenturylOc 6,486,000 SGX lc 6.368,000 Chart Semiconductor
      302 words
    • 295 6  -  HOT STOCK/ WARRANT Byy Ven Sreenivasan HAW PAR enjoyed a 20-cent price surge during the post-closing routine on Friday and slipped back just two cents to $4.06 yesterday. It's not known what the reason is for Friday's late surge, but yesterday's
      295 words
    • 747 6  -  STOCKS ■1 i comment r. sivanithy UP till now, brokers have used three arguments to justify buying stocks that rising liquidity unlocked by low interest rates will send prices up; that Singapore must eventually catch up with Wall Street; and that Wall Street will
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    • 521 6  -  nTlcomment CURRENCIES Ten hit in cross-trading, other regional nnits end the session little changed larry wee THE US dollar was weighed down in Asian trading yesterday by Enron jitters. more weak numbers last Friday, and the fear of more to come over
      Source: Reuters  -  521 words
  • 3019 6 UNIT TRUSTS FUNDS AMI Amro Asset Mgt (S'pore) Star Europe Eqty!* 0 807/ Star Europe Bd 0 96*/ Star Europe Bat 0 88/ Star Asian Tiger Eqty 0.7/ Star As<a Bond 1216/ Star Asia Balanced 0.851/ Star Global Technology Fund 0.321/ Star Bhv Finance Japan Fund!" 0 888/ Alt Gov««
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  • Page 7 Advertisements
    • 399 7 ERICSSON CALLS ON COMPAQ COMPAQ SUPPORTS ERICSSON IN I.T. EFFICIENCY EFFORTS THROUGH SELECTIVE OUTSOURCING Ericsson, one of the world's leading telecommunications equipment companies, needs exceptional I.T. support in order to get the most from its 90,000 employees around the globe. Which left them with a challenge: how to provide them
      399 words
    • 308 7 business —telecommunications equipment —and spend less time on managing I.T. areas which might be better managed by someone else. They needed to find a partner with the professional capabilities to provide more efficient I.T support, while allowing Ericsson's I.T staff to focus on activities closer to Ericsson's core business. ERICSSON
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    • 346 7 ADVERTISEMENT TECHNOLOGY SOLUTIONS provider, hardware and professional services must be integrated, which is a clear Compaq strength in the eyes of our customers. We are pleased to provide Ericsson with a less expensive, more robust global infrastructure that ultimately impacts the bottom line," says Peter Blackmore, Executive Vice President Compaq
      346 words
    • 359 7 RELATED STORY Hong Kong SAR Government Teams with Compaq to Deliver Online Public Services to Hong Kong Citizens NEW "INSTANT ACCESS" APPROACH TO GOVERNMENT SYSTEMS How does the government deliver round-the-clock public services to 6.8 million citizens, and save money at the same time? This is the challenge the Hong
      359 words

  • SINGAPORE news
    • 415 8  -  S'pore's IT services to hit USs2b this year and may cross USs3.6b by 2006researcher Gartner By Raju Chellam AT least one sector seems to be bucking the general gloomy trend: infotech services. According to the latest report from researcher Gartner Inc, Singapore's IT
      415 words
    • 366 8  -  IDA seeking industry feedback on this by February next year By' Vince Chong MOBILE communications in Singapore may share 3G infrastructure come next year. The Infocomm Development Authority of Singapore (IDA) is seeking industry feedback on this possibility by next February, according to a
      366 words
    • 355 8  -  ftttaMHaftqjMl itta| total grMsflotr art* of 84,164 aq ft By Kalpana Rashiwala WEE Cho Yaw continues to sUeugtheu his hold in the Novena area with the latest acquisition by his listed United Overseas Land (UOL) of a 30.234 eq ft freehold residential
      355 words
    • 247 8 TAY Buan Guan—one of the oldest landmarks in Katong is up for sale by OUB Centre Pte Ltd. The stretch of 13 freehold shophouses at 83-119 (odd numbers) East Coast Road is understood to have an indicative sale price of $1,*****.400 per square foot on
      247 words
    • 336 8 IN another high-profile resignation in the insurance industry, AXA Life president and chief executive Joe Peters has quit to "pursue new interests", the company said in a surprise announcement yesterday. Mr Peters told BT he intends to remain in Singapore to pursue
      336 words
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  • FOCUS property
    • 587 9  -  f comment PROPERTY Peter Se&h has to ensnre that Capita Land can rise with the tide when the economy rebounds lee han shih ANEW regime will be in place when veteran banker Peter Seah takes control of the Singapore Technologies group over the weekend, and
      587 words
    • 390 9 Keppel Land's lufuii nearly sold out SALES of most property developments did well at the weekend. As a result, prices at some projects were raised. According to sources, most of Keppel Land's freehold Serangoon Ave 3 project Amaranda Gardens was sold
      390 words
  • Page 9 Advertisements
    • 135 9 Where to wine, dine and entertain...""? InternationaT Definitely the first card in the world 290 4545 woridsaswebrlng ta from Singapore. Sashimi Mi from Mptw Fresh Oysters. lit 00 OM t*v)er 12 years) le^s2s^^Ad3«!* eer $IS.SO(ChM under 12 years) tar iwmlh <M *****11/*****11/*****11 ■My lund* except Sat InnTi i. Hgfi tat
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    • 63 9 "Fantastic value! I con enfoy schoos, ice cream, local desserts Rte ic* tacang and tau *uan, ~'*ss*s3 r On order o< any local or wfltfom dolght from $6.90. Allows Mon-fd: Lunch from 11.30 am onwards For rMwadons, pitcut coi 381 2138 Windsor 401 MtcPtimos Road. Sintfapor* *****5 Tot 343 0088
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    • 211 9 For Lease 11 Beoch Rood m m Wl Eu^9l Near City Hall MRT station Accessible to hotels, F&B outlets, retail shops, etc Office suites of 2,000/4,000/6,0005f Prime retail spacc of 4,0005f with double street frontage Occupation in March 2002 Attractive Rent Jean Sim Wendy Lauw 3932 346 3932 336 Sole
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    • 95 9 t v »>% J& A new finish for the bran flanhie MSH ;'4O-hour power reserve. She* 11^***** and luminescenlgi'e kwtk iqi ;/y ggjgMMi WMj Sprint Court 40S0*» 1972cJl 9 72cJ WSEK I »ny%h I lull ll For the first time ever, experience the finesse of our 10 piece ensemble performing
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  • Page 10 Advertisements
    • 684 10 Step Into The Future; Step Inl I "WlKBmSKSsk I --:>_ M A gMgH&-aYi»>Mfc vxi i«SMJW _pt Vj Where the essence oF liFe Flows iniharmany wil The Complete Lifestyle Facilities Service Provider (FSP) The Holistic View I Attracting over 2 million visitors a month. Suntec City has everything to offer. A
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      539 words

  • EDITORIAL & opinion
    • 726 12  -  PTT^ bottom line OPINION yogi aggarwal The writer is a Bombay-based journalist who contributes regularly to BT AS the fortunes and stock of the giant energy trading company Enron Corporation come crashing down in the US, the fate of its highly controversial 2,184 MW
      726 words
    • 110 12 'It's a black hole. Until the forensic accountants can get in there and sort things out, you just don't know what Enron's worth.' -Gary Data managing director of Deltec Asset Management, on Enron which filed for bankruptcy protection. 'We have to accept that there is some pain.
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    • 559 12 EDITORIAL AS Singapore faces the worst recession in its modern history, it is obvious that a major economic restructuring is called for. With the global economy itself undergoing profound change, the task could be the most challenging yet for the nation's planners. There's no question that
      559 words
    • 1271 12  -  By Eric Teo Chu Cheow The writer, a private corporate consultant and strategist, is also council secretary of the Singapore Institute of International Affairs and director-general qf PBEC-Singapore. EAST Asia is inevitably coming closer, as its exchanges in goods, services, capital, ideas and human
      AFP  -  1,271 words
    • 330 12  -  COMMENTARY No big changes in cross-strait ties expected The South China Morning Post THE Democratic Progressive Party has emerged as the biggest party in Taiwan's legislative yuan following Saturday's elections, but the island's political scene is no clearer. Although President Chen Shui-bian, a DPP member, has reasons to
      330 words
  • Page 12 Advertisements
    • 122 12 For over 20 years, our qualified professionals have been assisting clients to venture offshore with confidence by providing consultancy services on offshore structures, shelf companies and incorporations in All Jurisdictions including MR British Virgin Islands Mauritius I i Cayman Islands Hongkong Bahamas Samoa Full nominee, management corporate secretarial, banking and
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  • REGIONAL news
    • 572 13  -  Hong Kong woman admits to backdating stake sale deeds by Indonesian firm Dharmala From Audrey Tan in Hong Kong A HONG KONG woman has pleaded guilty to backdating documents in the Manulife case, seemingly validating the Canadian insurance company's claim that it was
      572 words
    • 514 13  -  exclusive It sells stake in unit managing tlio party's property From Eddie Toh in Kuala Lumpur MALAYSIA'S dominant political party, the United Malays National Organisation, has not renewed the contract of tycoon Rashid Hussain's company to manage the party's headquarters and the adjacent
      514 words
    • NOTE Book
      • 63 13 Bloomberg [KUALA LUMPUR] Malaysia's exports fell for an eighth month in October as demand for electronics goods from the US slumped. Exports slid 13 per cent from a year earlier to RM28.8 billion (S91&8 billion). Imports fell 11 per cent to RM24.4 billion. The trade
        Bloomberg  -  63 words
      • 87 13 AFP w j [JAKARTA] Indonesian police yesterday said that Tommy Suharto and 13 other people will face trial "as soon as possible" over the murder of a judge and illegal possession of firearms and explosives. The dossiers on Tommy and 13 suspected accomplices were "under
        AFP  -  87 words
      • 52 13 Bloomberg [KUALA LUMPUR] More than RMIOO million (Ss4B million) ofshares in some of Malaysia's biggest companies, including Telekom Malaysia, changed hands in a string of off-market trades over 22 minutes, pushing their stock higher. The trades came as Morgan Stanley Capital International's revised indexes took
        Bloomberg  -  52 words
      • 67 13 Reuters [KUALA LUMPUR] Malaysia's Port of Tanjung Pelepas (PTP) will breach Its volume targets for 3001, chief executive officer Mohd Sidik Shalk Osman said yesterday. PTP, which operates a container port and logistics complex in Joiior state, set itself a tare* of two million
        Reuters  -  67 words
    • 437 14  -  Concessions turned down; Jakarta accused of trying to appease foreign investors From Shoeb Kagda in Jakarta INDONESIA'S latest attempts to kick-start its stalled privatisation programme suffered another setback yesterday after the West Sumatra provincial legislature rejected Jakarta's latest concession on the sale
      437 words
    • 176 14 BANGKOK AP THE chief of Thailand's state planning agency announced his resignation yesterday, after months of disagreements with the government of Prime Minister Thaksin Shinawatra. Sansern Wongchaum, secretary-general of the National Economic and Social Development Board, or NESDB, had faced criticism from Dr Thaksin for
      AP  -  176 words
    • 303 14  -  From', Harish Mehta in Bangkok THE Thai government yesterday said it would revise a landmark telecoms law by raising a controversial 25 per cent cap on foreign investments in Thai telcos to 49 per cent, after coming under pressure from
      303 words
    • ASIA Notes
      • 80 14 Reuters [HONG KONG] Hong Kong's Stock Exchange and Clearing Systems yesterday said it plflnrwH to streamline Initial public offering (IPO) procedures, including lowering their costs. "We are working with the financial services bureau ami rh* Futures Commission an »h» tntrtai puhlic offering procedures and lowering
        Reuters  -  80 words
      • 52 14 AFP [HONG KONG] The number of Hong Kong property transactions was up 53J per cent year-on-year In November, the Land Registry said yesterday. The registry received 9,723 sale and purchase agreements on residential and non-residential building units in November, up 87.6 per cent
        AFP  -  52 words
      • 73 14 Reuters {TAIPEI] Former Taiwan president Lee Teng-hui was to launch a broadbased groqp yesterday, which analysts say aims to slow economic and political integration with China, two days after his party's impressive showing in parliamentary elections. Mr Lee says the Taiwan Advocates group is a
        Reuters  -  73 words
      • 70 14 Bloomberg fBELITNO] Qi<m will ahnlhh rnhiprahfliMßg foreign hwwlnMwt tw H« industry, allowing companies such as Vodafcne Group pic and NTT DoCoMo Inc to buy or increMe stakes to Chinese tatocom companies China's Ministry of Information Industry said it woukl cancel on Dec U two
        Bloomberg  -  70 words
      • 59 14 Reuters [HONG KONG) Hong Kong stock broking firm plans to suspend its stock broking operations in the Philippines because of the adverse trading environment there. The company said in a statement H it haa applied to the Philippines Stock Exchange !br an "indefinite" suspension, starting
        Reuters  -  59 words
      • 86 14 Dow Jones Newswires [HONG KONG] The watchdog for Hot« Kong's Mandatory Provident Fund plans to rete investment regulations and aDowltmd managers to invest more provident (imd assets into index Amds in an eflbrt to boost returns, the South China Morning Poet reported. Hie newspaper
        Dow Jones Newswires  -  86 words
  • Article, Illustration
    1139 13 Transaction date: Dec 3 arrgRBAirm cross rates tt P B— Ffr m fm Wm m mm* rm U 9mt m tgygaeg m tartrate 0.820 4324 0.582 3JK 1138 4.0*4 24.970 54.658 1844 1832 tw 1251 31.732 27 )21 1956 9JM 0J58 17.958 22.914 0366 0.521 Cm* 1220 5274 0.710
    1,139 words
  • Page 13 Advertisements
    • 161 13 k i Location: N0.6 Marsiling Lane Woodlands New Town Singapore *****5 Land Area: *****.4 sq m/ 208,253 sq ft Built-in Area: 15,433.575q ml 166,125 sq ft Buildings: 4 nos. A,B,C D Blocks (Approved for Logistics/Warehouse Industries) Tenure: Sixty (60) years commencing from 1 June 1978 Ground Rent: Twelve Dollars (Ssl2)
      161 words

  • 1288 14 lilMIM FirrUEHB Decs StSSfSsSwJ OM MHM OBM L— Sttt fctJSSt JM 02 9L2S F* 02 as M*02 «3JS Apr/J«02 94J0 RSS 3 COVTtACT (US CMbA|) Mm OM Mwtt MM Lot Satl tomm) Mwvst jgg 55 47J5 4825 TIOO 2050 F«0G2 48.50 ?550 t?J WO 401 S Apr/JuB 02 50.25
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  • Page 14 Advertisements
    • 607 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1) TILING COMPANIES PTE LTD 2) COLF LINK ASIA PTE LTD (In Creditors' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HftffY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final
      607 words

  • REGION world
    • 446 15 SEOUL Task force prompted by alleged misuse of public foods intended for economic reforms AFP SOUTH Korean authorities banned 100 people from leaving the country yesterday as they began an investigation into the alleged misuse of billions of dollars of
      AFP  -  446 words
    • 333 15 This would create world's largest maker of chips Bloomberg [SEOUL] Micron Technology Inc, the second-biggest computer memory chipmaker, may take over struggling Hynix Semiconductor Inc of Korea, vaulting the US company to the top of the US$3O billion-a-year industry. "Within a month, we
      Bloomberg  -  333 words
    • 196 15 Reuters [HONG KONG] China s top stock market regulator said yesterday it sees no major hurdles for overseas Usted companies to issue China Depositary Receipts (CDRs) in mainland China. Such offerings would give domestic investors the chance to legaUy buy
      Reuters  -  196 words
  • 5157 15 i Transaction date: Dec 3 for more, go to wwwjasuumermuirketsjxyrn HONG KONG HO W- AcrossAs*a Multimedia .0.50 unch 0 Alpha General 0.04 unch 3880 Amoy Prop 7.90 unch 5636 Ananda Wing On 0.06 unch ***** Angara New Steel H 1.01 002 3464 Anhu Conch H 1.73 -0.01 138
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 291 15 UKVPTIC CROSSWORD ACROSS 5 Job is finished then these 6 Cash credit are differentty songs start (6) marked (13) 6 Initially seen as a splendid 8 How's that tor charm? (6) piece of correspondence (7. 9 Work more, perhaps, being unable to relax (8) 7 Broken to pieces clumsy 10
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  • WORLD news
    • 451 16 WASHINGTON Oct consumer spending jumps 2.9%; record rise in new orders index Bloomberg AN index of US manufacturing rose more than expected in November, led by the largest gain ever in new orders, as factories made progress digging out of a 16month slump.
      Bloomberg  -  451 words
    • 625 16 NEW YORK The Segway is touted to revolntionise transportation AP AN American inventor yesterday unveiled a batterypowered scooter that proponents say will transform transportation much like the car did a century ago. Dean Kamen and his backers have big hopes for the agile Segway
      AP  -  625 words
    • 382 16 HELSINKI Reuters US carrier Cingular Wireless has placed orders with leading European telecoms equipment makers worth almost US$4 billion to build its high-speed mobile phone network across the US. Cingular, the secondlargest US wireless operator, announced in late October it would upgrade its entire
      Reuters  -  382 words
    • 270 16 PARIS AFP A US financier has agreed to testify against French bank Credit Lyonnais in a lawsuit brought by California authorities that could cost the bank bUlions of euros, the Wall Street Journal Europe reported yesterday. The paper aUeged that Leon Black,
      AFP  -  270 words
    • 480 17 BUENOS AIRES Restrictions introduced to stem capital flight as bonds plunge Reuters, Bloomberg ECONOMY Minister Domingo Cavallo said on Sunday speculative investors were trying to "defeat" Argentina, as the country struggled with new banking restrictions aimed at preventing an economic collapse. His comments
      Reuters,; Bloomberg  -  480 words
    • 360 17 LONDON Carmaker may forecast Q4 loss of says report FT FORD Motor Company is this week expected to issue its third profit warning within months, amid signs that the US carmaker will incur significant losses in the fourth quarter. The world's second-largest carmaker,
      FT  -  360 words
  • 2572 16 Transaction date: Dec 3 KUALA LUMPUR r—> A»M Realty .0.85 unch 3S Abric 190 -0.13 812 ACP Industries 2.85 0.03 33 Artwnce Synergy 0.63 -001 85 Affin Holdings .025 -0 01 11 Ahmad Zaki Res XfB 0.06 10 AKCorp .4.00 -008 8 AikbeeRes .2.15 unch 174 AKN Technology .4.
    2,572 words
  • 787 16 Transaction date: Dec 3 o— Omt| mmrnrnrn m O— a—a etc 0J1 2 760 ♦0 030 MM 50c 0.17 0«B *0 005 C*rtaUnd 1.47 1550 *0090 OCX 9 56 ***** *0X0 Owl 5anvCond 1.75 4020 -0 060 OUE 0.50 <450 <0.150 City Ov 50c 212 5050 *0230 Parkway M
    787 words
  • 641 16 BONDS WARRANTS laat MCw Urn 'dEc ffMWWte MB %HiHih u> AST1VWM0621 18 -2.5 1 1 16 189 30 AcmaLtdW*****S 3 1 50 489 3 00 35 Amtek WQS0610 ..-.JO .5 -1 33 14 1.82 42 ArnWrangW*****0 55 1 10 72 164 29 AsufoodPVW*****2 05 1 166 2279 14.00 7 Bar
    641 words

  • 5588 17 Transaction date: Dec 3 for live prices, log on to wwwosicumernarketscorn SHk Laat M Day UatQ—« Mb Mv 6rTM M Mb Mta| MM lew Cin»si| W- fM8| MM 1— Warm M» Cw HI fcJ w5 C ABNAmroNIG 56c 9 14 IB 39.5 15 c Ad Dynan*s20c 12 9
    5,588 words
  • 23 17 a a ■r-ara.-s g's-sg w wo! BojuswiirZZZZll^Se*- I I I I I SB MtsSMSOSpon UMSO ***** «70s BMKOO USMHO WfOtHOiSKMS US1T9M
    23 words
  • 1350 17 iff *"L LMQmM Mkr Dte OHM M Mb «Mq la» C.wpi It «<• U» Mg Or W» >3 wS It 12 C AMHUgiSc 143 <05 73 143 143 M IS 5 M 1.7 45 a M 40-5 UCAPOOSC 16 «05 51 16 It It 143 4.1 MM 1C4
    1,350 words
  • 345 17 1MB M V* Day IIQm* CrMo Mr MM MM Mb U» Ciini LW>» TO M0I I— t*r Or HI W 110 (0 AVMmngi A25c A 6V5cd 7» 40 14 125 4.7 1754 C4tfMyPK»cHK. 720 265 2.1 7.4 S M*J C>*i«g HongfiOc MK 17*0 240 U 17 1 OK5
    345 words

  • KNOWLEDGE economy
    • 976 18  -  Internal branding, or the kind of image an organisation projects as an employer, has become a crucial tool in attracting and keeping the best people, says amamd bbukmm ANAND SHANKAR The writer is a Singapore-based business development consultant at Hewitt Associates, a global management
      HEWITT QUARTERLY  -  976 words
  • Page 18 Advertisements
    • 156 18 J* THE NEW UNIX SERVER. x ITS DADS A MAINFRAME. Tfc jA bml eneret/on bu./ne.. ■HHHHHHMK liHHL^j^ 71be new IBM (©server pSeries 690 shares many of its dad's features. It uses Logical Partitioning to consolidate multiple workloads within a single server. Self managing capabilities can Sfijfe anticipate potential problems and
      156 words

  • SHIPPING TIMES
    • 218 19 Reuters (BDD rose one point to 868, the Panamax Index (BPI) gained tiro points t0867, the Baltic Handymax Index (BHD firmed 41 points to 6,782 and the Baltic Capesize (BCQwas down ♦Oceania-(built 2001) 75,079dwt delivery US Gulf Dec 8/16 trip and redelivecy Continent USs6,7Bodaily plus U5595,000 ballast bonus
      Reuters  -  218 words
    • 185 19 CWT -OOE II niTffTiuiuu''' oil -oil ioST rrawnLMft OM -aa caifcMwti oa* me* a Mcmiiiiiir »J0 men o MtMMH AH Ml S3 UW*CW» 2 66 uneti 0 igBrfcllZoSj SjS 79J £SSrz=IS IS <55 i3 HMMnMV—A8 KM* Mi w *t- m Dlprtm»Cw9 L»9 -0£2 39 •ntejrrtMLa* 0.64 unch 3
      185 words
    • 503 19  -  Indon feeder line sets up new subsidiary in Middle East By] Donald Urquhart [SINGAPORE] Indonesian container feeder operator, Samudera Shipping Line, is eyeing a move into logistics and freight forwarding as it faces falling cargo volumes and freight rates. Hoping to tap what it
      FILE PHOTO  -  503 words
    • 257 19 [SINGAPORE] Kuantan port has the potential to become a feeder hub for regional ports and a leader in the provision of maritime services in Asia-Pacific, said the Malaysian transport minister recently. Dr Ling Liong Sik said that with the infrastructure in place now
      FILE PHOTO  -  257 words
    • PORT Shots
      • 86 19 [SINGAPORE] PSA Corporation's logistics software solutions subsidiary Fortoet.com has signed an agreement with China's Liaoning provincial government to develop transport-related information technology services in north-east China. The memorandum of understanding (MoU) will focus on e-commerce for thamaritime and logistics industries, a PSA statement said. The
        86 words
      • 149 19 [SINGAPORE] A new weekly Asian service that directly links with South African porta and covers Shanghai in a rotation that includes the Malaysian Port of Tanjung Pelepas will be started in April. The restructured Safari service will be operated by South African line
        149 words
      • 60 19 [SINGAPORE] Japan's Kawasaki Kisen Kaisha Ltd (K Line) will merge its 40 per cent owned IT subsidiary KIS Corporation with Tokyo-based IT company TOPS Software. Effective from January, the new company will be named K-Line Systems Ltd—a dedicated K-Line company which will
        60 words
    • 151 19 AFXAsia [SHANGHAI] Shanghai Zhenhua Port Machinery Co Ltd said its shareholder Shanghai Port Machinery Manufacturing Factory will sell its state shares of 96.1 million shares, accounting for 21.05 per cent of Zhenhua Port Machinery's total shares, to China Port Construction (Group) Corp for
      AFX- Asia  -  151 words
    • 291 19  -  Berlin has misunderstood UN report: Liberian shipping registry -By Donald Urquhart [SINGAPORE] Pressure on the embattled Liberian Registry appears to be mounting with the German Ministry of Transport reportedly blocking bareboat charter registrations into the Liberian flag. In a letter to its clients a
      291 words
    • 146 19 [SINGAPORE] Neptune Orient Lines' container arm APL has introduced a new paperless bills-of-lading process a first for the industry. Developed in partnership with US-based software company Electronics for Imaging, the new system securely "permits exporters to automatically and safely transmit encrypted negotiable bills-of-lading via the Internet
      146 words
    • Article, Illustration
      312 19 Award*. From left Perlti SakMnen, ambassador of Finland to UK, Mr Valkonen and IMO's William O'Noil The International Maritime Prize for 2000 was awarded to Helkkl Juhanl Valkonen. the former director of the Finish Maritime Administration's maritime safety department. The prize is awarded annually by the International Maritime
      312 words
    • SHIPPING news
      • 662 20 Newly trained corps will inspect vessels to ensure they are not used as weapons for attack AP [LOS ANGELES] Port of Los Angeles officials last week celebrated the first local graduating class of "sea marshals" a new corps specially trained to prevent terrorists
        AP  -  662 words
      • 138 20 [SINGAPORE] Indonesia faces deletion from the International Maritime Organisation's White List of seafarer supplying countries compliant with the Standards for Training, Certification and Watchkeeping for Seafarers (STCW) 95, which will be fully implemented in February 2002. News reports quoting the chairman of All
        138 words
      • 95 20 [SINGAPORE] India's government will sell 40 per cent of its holding in the Shipping Corp of India (SCI) to a strategic investor, reversing an earlier announced decision to float the company. The government owns more than 80 per cent erfSCI, with the remainder
        95 words
    • 140 20 PACE llMlMlrtlh •ISA 6 rt«nms 6 CMACGM 3 COSCO 3 Colyti 6 CwMEi 6 CMmSMM S Coup* 6 CWT Mdnt 6 OefcMs 4 DMiUoyd 6 Dongnanu 3 eci 4 Evergreen 6 FoonqSun 5 FUTvm 4 F ufitram CMwrtrms 4 •Ungl 6 Hyundai 4 Mtrasi* 5 IIWSl 5
      140 words
    • 12119 25 THEBUSINESSTIMES TUESDAY, DECEMBER 4, 2001 EXPORT Page 7 ETA ETA Advartisar Vassal Voyaga Talaphona SIN Da*** It— Mono Mi—tir Hi—>ir -;f To ABIDJAN (ABJ) 2003 Cot* D'lvoire W B/01 China Shpg NORASIA SHANGHAI 405W 65-*****94 12/12 17/01 CMA COM VILLE DE AOUARIUS 80* 45-*****00 12/12 23/01 COSCO EMPRESS
      12,119 words
    • SHIPS IN PORT
      • 700 27 Vmrt Voy Mo Bftl> Arrival Papartan J—|M MMxtCTO* JO* 02/12/23 JO 03/E/WJ0 H Saccaa 12-Mr J» 03/12/840 03/I2/T740 RUn ***** JOI 03/B/I040 03/I2/B40 K Harapaa 3 ***** JO) 03/12/810 03/B/B40 Star TMt I ¥120* J03 03/12/735 03/12/I8J0 Dll I I ill I JM201 J06 03/12/810 03/12/2339 Tf JaM»
        700 words
      • 1636 27 KECflYHtS or EXFOtT rCl COMTAME1S AND LCI CAMP VoyMo Ett/Hr NrtM rSl tO HMQCUS 03M VKOO 02/000 02/W* NM U 02/T70C 3V06W :vwoc M/TTOO ovo*i< 33/o»oo i Mm «ym u/mo> WWW6I WW 4C3 HACWjA 0440 CJ10C 02/OOC OiW fw-oc a oz/nw ovww ovwoc a Oi/TTOC oia*m ovwoc 1
        1,636 words
      • 115 27 Finland: Independence Day Argentina: Immaculate Conception Italy: Immaculate Conception Brunei: Hari Raya Puasa Malaysia: Hari Raya Puasa Indonesia: Hari Raya Puasa Malaysia: Hari Raya Puasa Japan: Emperor's Birthday US Kingdom: Christmas Day United States: Christmas Day Malaysia: Christmas Day Italy: Christmas Day Finland: Christmas Day Brunei Christmas Day
        115 words
      • 756 27 THIS report. fymipHwi by Cockett Marine Oil Ltd. shows price ranges In US dollar* Instead of tingle price* for a more comprehensive description at the market Prices shown are based on averagetised stem. Market movements art Indicated. The Cockett Bunker Price Index chance and the individual
        756 words
      • 394 27 Cartaa MO MB 9032 0.6 13.7 0.OT 62 0.03 *m 29 MIT Mr BmMm MoMmE2S 0 0 0 0 %i/t 300 AM 907.7 0J MJ 0.06 30 0.02 la. 380 Ma 990 J 0J 16.7 0.00 66 0.04 ■W »M* mmm mMm 635 0 0 0
        394 words
    • AIR & LAND transport
      • 672 28 With travel down 19% on intl routes, airlines aim to stem losses with deep discounts Bloomberg [LONDON] British Airways is offering round-trip tickets from London to New York for £99 (*****), its lowest ever. Swissair Group will fly you anywhere in
        Bloomberg; AP  -  672 words
      • 358 28 Pratt Whitney machinists go on strike as talks fail Bloomberg (EAST HARTFORD, Connecticut] Thousands of machinists at United Technologies Corp's Pratt Whitney Jet engine unit began their first strike since 1965 after rejecting a contract that included a 10 per cent pay raise over three years. Pratt's 5,100-member International Association
        Bloomberg; AP  -  358 words
      • 209 28 Reuters [NEW YORK] Continental Airlines that it is losing between US|3 million and US$4 million a day even as air traffic has crept back after the Sept 11 attacks on the United States. Continental, the fifthlargest US airline, expects to report a substantial
        Reuters  -  209 words
      • 398 28 Work on first stage of the 22 km line to start in 2004 Reuters [TEL AVIV] Israel recently sought applications for work on a US$l billion project to build and operate the first part of a railway system for the Tel Aviv
        Reuters  -  398 words
      • LOG Book
        • 102 28 AFP [GENEVA] An aircraft otthe Swiss airline Crossair has narrowly avoided a collision, only one week after another its planes crashed in Zurich. A Crossair Saab 2000 taking off at Zurich airport oil Saturday narrowly missed a Portuguese TAP Airbus on the ground, Crossair spokesman
          AFP  -  102 words
        • 86 28 AFX [SHANGHAI Hainan Airlinee said its subsidiaries Xinhua Airlines and Hainan Airlines Hotel (Group) will each buy an additional 30 per cent stake in Bering Yanjing Hotel Co Ltd, costing each company 52.1 million yuan (Ssil.4 million). The two companies will buy the
          AFX  -  86 words
        • 66 28 AP [HONG KONG] Cathay Pacific Airways has resumed its three weekly flights to Sri Lanka on Saturday, more than four months after a rebel attack on Colombo airport forced the airline to suspend service to that destination. Planes bound for Sri Lanka will fly
          AP  -  66 words
      • 257 28 It will do regnlar review of what air safety measures to implement Bernama [KUALA LUMPUR] Malaysia may ask for air marshal* on board aircraft as put of air safety measures it is prepared to implement, a minister told Parliament yesterday. Malaysia will review air safety
        Bernama  -  257 words
      • 1003 28 qrr rum tu air nt mmm mat am Wllfcl KU37 645 SA*74 OHO mm am mm mm am IWIm M29 206 SOM 0M9 M22 BOO mm ne mmm* cm am r ass tojo tmoz ota som ns sou on TS403 ID0 TC40» 0*6 TWO MZO SMZ2
        1,003 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 485 20 f ~~~JtWfHAmmCA ini QULFIINDtA SUB-CONTINENT 1 ihiii- rh -j *51 is? s* w» vssa vcTT"*; —T~iS ——ST~"P"mT" ooamaM mum* ~!T7TI R7ii H7n ooauoua smn; a/11 h/u n/ix p*o»uot»mm«* »/ii a/11 #1/11 m/ii ooaauMßM siwa a/n 15/12 noßuonwua* 171 a/u m/ii m/h m/ii hm/i nrr mmr tmpnewi tftgyp woiuwoKmi n/n mm
      485 words
    • 564 20 Lines services represented by) Members of the Reg.sJry of Members of (be Accredited Sh.pp.ng Agents, Singapore Logistics Singapore Sbipptng Associdion Asiocicfton Ivusa vor Ira \~m feu r.KUNG SfOKf SMI Princess lily VO9Ol 14/12 15/12 22/12 Empress lily VOlO2 04/01 05/01 12/01 Princess Lily VOlO2 22/01 23/01 30/01 1 *OKM9HHTCMM ■wwiwbw
      564 words

  • Page 21 Advertisements
    • 776 21 TO USA (SAX SERVICE) vessel vot sm eu lax oai oai hou cm cot mm n ntc awnouanp imi os/12 20/12 24/12 is/n 2S/12 25/12 20/12 2S/12 27/12 27/12 ATI EN6UMO IMC 12/12 27/12 01/01 01/01 01/01 01/01 02/01 01/01 03/01 03/01 An run io«( if/" 03/01 00/01 ot/oi 00/01
      776 words
    • 1649 21 nhm i/i tit Mn 1 11/T ,Mn I y TMHtI I VTiIIMH J GENEKAI AGENTS M SNMATOtf: M NMNSON It #11-00 SAUS/MOS TEL *****57/43 FAX: *****21/71 fflfltrtTTtt ffffffl! MSS CUBANS TCL 07-*****44 ML 07-*****70 COSTAR SHIPPING PTI LTD a*****OUIWAMO/U 4NSNI *****25/75 poktuang 03-******33 03-*****440 a»1 MWAiD (0/0) *****0* *****10/40 PENAN*
      1,649 words

  • Page 22 Advertisements
    • 1042 22 HYUNDAIMERCHANTTMARIN^Oj^TD^^^^ mm wf |B Iwi 111 mm |m| mm mv~| ivca MTMOOWBT SMW M/ 12 25/12 If/It »/lI H/11 MOIMAAS 5441 14/11 17/11 11/11 13/11 S7TT mma imw m/ii M/ 12 »/i2*/i2 27/11 ma** its 12/11 i//ii m/ii 15/11 M/ 12 moitm WW a/12 a/i? a/12 23/12 »/i: mtumtt sm
      1,042 words
    • 1080 22 Carter: MM CONIR LBWMJIC jntgTKWftSB 11 1 17 s!ci«£^^M>Sti| SHANGHAI J HELSINKI MV "OOa FRANCE" V.04E46 MV "MOL TYNE" V347W ETA SIN: 08-12-2001 CTA S,N: 07-1 2-2001 APELAIPE/FREMANTLE POET LOUIS MV "OOCL ENVOY" V.IOS MV "PAO NED MOMBASA" V.0603A ETA SIN: 10-12-2001 ETA SIN: 07-12-2001 MM HIUN6 MV "WAN HAI
      1,080 words

  • Page 23 Advertisements
    • 2757 23 UK CONTINENT SERVICE Loading tor OCEAN HOST RDM/ATW/BMNAJK/LPL PISCES EXPLORER RDM/ATW/BMNAJK/LPL Loads Singapore. E7W Mataysa. Indonesia MIDDLE-EAST SERVICE Loading for MADRE DBl/ABU/DOH/BRN/DMM/KWT OKTEM AKSOY AQA/JDH/TRP LION GLORY DBI/ABU/DOH/BRN/DMM/KWT FAVORTTA J DH/AQA/DMT /TRP/T AR AUKRATOR JDH/AQA •Loads Singapore. E>W. Malaysia, Indonesia USA SERVICE Loadng for CALYPSO N CAM/NFK/SAV/NOL 'Loads E7W. Malaysia
      2,757 words

  • Page 24 Advertisements
    • 1221 24 man *55a *M» «H nil «V AM JB MS smrgonok i77w an? 141? kh2 ho? wPHOBu oowomi kh? »o? n/i?M/i? IMMM M*«7W 11/12 IVI2 21/12 22/12 UMBK itt» IVII- 2yi? 27/ i? nm CDSCDKH* MS* 17/12 Z7/1? »/l} Jl/I? UM fMMTY OH7OSK 1412 a/12 WIJ 2W2 Also accepting cargo to
      1,221 words
    • 847 24 vOOv WALLENIUS WILHELMSEN 10 NOKIH AND LATIN AMERICA "<** K OBO HEAVYUFT ivissa VOT IMMP IHBGWTI SOI tfC*| MAO MU SAV lAI. Otf NTC NW MM TOURONNG AH 124 4001 ms 4J* 11/11 19/01 22/01 24/01 26/01 27/01 21/01 02/02 04/02 TAPIOU AM2OI 4001 ms 14.3 ft 21/12 03/02 04/02
      847 words
    • 53 24 0 HANGLI SHIPPING MRECT REGULAR SERVICE JAKARTA SURABAYA MUM* 07/12 07/12 P KAUMfIW 11/12 11/12 P SUMATERA 17/12 17/12 P.KAIJMNTAN 21/12 21/12 P SUMATERA SURABAYA 07/12 Ot/12 SHMMON EXPRESS 11/12 11/12 PULAU NMMS 11/12 11/12 SHANNON EXPRESS 21/12 21/12 SHANRKYU Ownen: UNITED SHIPPING ORGANISATION PT. INDONESIA SHANNON SHIPPING CORP. TEL:
      53 words
    • 551 24 MYANMA imttk F|VE STAR UNE (MytWMT NotkHMl Um) Looditf for Yhjm vcsa vor sm pu pbi pcu hpa-ar JtVH su> •owe la WW at BAUTSIA AGWTV OOUSTIAD SMPPMG AGOKXS WL IB 03-*****)00 P*L TH. 03-*****101 WE TH 04-*****02 K|fc TH 07-*****)1/4 tg| BANK LINE (A MTvict Aadrtw WW SWpptef) NORTHBOUND
      551 words



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  • Page 27 Miscellaneous
    • 125 27 LEGEND: la* L>ed ogical S«™i P£ Thunderstorm Showers R® ,n emperature C~/ Wind direction and speed in knots Cloudy Day Wo#th<K W CX3 Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds jlPfoj 8l, 0 ht *1 2m half fleche represents 5
      125 words