The Business Times, 12 April 2002

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Microfilm: NL24433
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES MITA (P) 010/03/2002 SINGAPORE I Internet: http:/ business-times.asial com.sg FRIDAY. APRIL 12, 2002
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  • Article
    Lock icon S'pore to see sweeping tax reforms
    943 1  -  ERC sub-group wants 20% tax rate for personal and corporate income By, Anna Teo [SlNGAPOßE] The most sweeping overhaul yet of Singapore's tax system is at hand, with key measures expected to be taken up next month in the government's Budget announcement. "The status
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  • Article
    Lock icon MARKET SUMMARY
    72 1 □to vmm (+25.28) iIM U 718J7 (+9.03) □njaarunan IfTMJO (+36.00) iISMMIIIBB U SIBJ* (+4.10) STOCK MAKKErnroiCEB Thursday Change KUSECOMP ***** .*18 WKKHm *****17 -7L11 HANG SENO _1Q,744J1 +101.77 fflPTIKDEX 177* +lffi JAKARTA COUP Jltfl -t» MANILA OOMP J.414.7* +4.74 TAIPEI WP! *****1 +14» SEOUL COUP BSZM +KB SHENZHEN
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  • Article
    Lock icon FINANCE
    59 1 FMBX1ATOB Uj» St U8l(8tperUSJ)_ 1.836 £(CS&/S$ per f) L4M 2.635 E0R0{U8M|/E). 0.881 tm DM till lm 131J 71.6® l»t U71 HK» 7JN 4151 8AW 4312 3173 SWIAH «J7i W19 nmiATEs SRQAPOSE* M§ KDALA LUMPUR |M HONOKONO 1.121 JAKAMTA TAIPEI _i7i6 TOKYO —1J7J SEOUL __#J* FRANKFUIT 126 LONDON 4M NEWYOBK
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  • Article
    Lock icon A savvy tax package, but could it be bolder still?
    882 1  -  OP WH WAIT By Vikram Khanna UNVEILING the first dement of its strategy for reinventing the Singapore economy. the government's Economic Review Committee's tax subcommittee has come up with a tax package Oat is hard-hit-ting, savvy and precision-targeted. If adopted,
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  • Article
    Lock icon Firms with domestic ops to gain more from cut
    928 1  -  Banks, firms like SIA, with high offshore earnings, won't benefit as much Byj Angela Tan [SINGAPORE] The proposed corporate tax rate cut won't impact companies with significant offshore earnings as much as the domestic-oriented ones some of which could see their
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      Lock icon Page 1 Advertisements Column 1
      83 1 Exocutlvo Llfostyfo Anti-ageing and baby boomers. Ino Ufaityf• covar mtory mBEI Jaime Ee: Making babies fashionable. ML 2 Top Stories nn r» mjii nemisiers yfoup backs grousers. V Lessons from master manager Koh Boon Hwee. Pg 9 '*■< mjy WA vviciiciyofci win Uu flexible in aviation pacts: Ling Liong 5&1.P910
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      79 1 Rmore reports B|f tax cats to attract tap execs Pg 3 SML-hfcb caste that hart amt/*d VtamfnaaltK, Malay* What thalaMvy say Pg7 ExscattosaaMarysf repart/^/2 Tax braafct coaH attract awwa sMpplaC bosiatss, Shipping Times Pg 1 IMKif IT tO f COMNDANTE DEL TRNM. g -ii sJeja -a il '-^Mf y•„ "y/^g
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  • TAX reforms
    • Article, Illustration
      Lock icon Quantum leap
      2047 2 Tax subcommittee s recommendations 1. Reduce corporate income tax rate swgnrficandy for income earned in 2002. As a medium-term target, the tax rate should be cut from the current 24.6% to 20% within 3 years. 2. Implement group relief to allow corporate groups to offset losses of one
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    • Article
      Lock icon Big tax cuts will attract top executives
      535 3  -  Aim: woo wealthy to take greater risk to expand the economic pie Reports by Catherine Ong [SINGAPORE] The proposals aimed at lightening the tax burden for high-income individuals will make Singapore an attractive city for foreign firms to base their senior executives here.
      535 words
    • Article
      Lock icon Dividends, interest to escape taxation
      478 3 Mm to ene-tier system may not lead to Wg loss in tax rerenue: consultants [SINGAPORE] All dividends and interest income received by individuals win be exempted from tax under changes proposed by a governmentappointed committee. If accepted by the government, it could mean that some
      478 words
    • Article
      Lock icon SMEs say it's high costs that hurt them most
      614 3  -  Bat they welcome the lower corporate tax proposals By\ Serena Ng [SINGAPORE] Local enterprises, while welcoming even lower effective corporate tax rates of between five and 10 per cent for chargeable income of up to $100,000, said yesterday that the high
      614 words
    • Article, Illustration
      Lock icon Will all the hoo-ha end up as a 'non-event' too ?
      642 4  - Will all the hoo-ha end up as a 'non-event' too lock siew r sivanithy S far as the stock market is concerned, it looks real good: cut m taxes so net HI HH earnings will int crease; cut personal income taxes so people have more disposable income; and offer tax
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    • Article, Illustration
      Lock icon Market takes tentative step up
      733 4  -  comment STOCKS r. sivanithy THE recent selling of Singapore stocks eased yesterday following a strong overnight rebound on Wall Street, but from the way the market struggled to add to its morning gains, dealers were still concerned about the sustainability of the bounce. Most dealers
      733 words
    • Article
      Lock icon Exemptions could lure funds
      627 5  -  Wealthy individuals expected to shift overseas fands to Singapore Byi Genevieve Cua TWO proposed tax exemptions on individuals' interest income and on foreigners' "movable" assets are expected to encourage wealthy individuals to transfer overseas funds to Singapore. This could provide a powerful boost to Singapore's debt
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    • SNIPPETS
      • Article
        Lock icon Rich pay 15 times more tax
        163 5 HIGH-INCOME households in Singapore pay about 15 tiroes as much tax as low-income families. This ratio is about the highest in the world, a Ministry of Finance study found. In contrast, the tax burden of high-income households is only about two times that of
        163 words
      • Article
        Lock icon Why a multi-tiered GST won't work
        172 5 WHY not a multi-tier Goods and Services Tax that exempts essential goods from tax, Tharman Shanmugaratnam was asked yesterday. Well, the largest consumers of any essential products are the middle and upper-income groups, the ERC subcommittee chairman said. "You are not favouring the lower
        172 words
      • Article
        Lock icon Govt should tap capital market more
        67 5 THE government should consider tapping the capital markets more to finance certain infrastructure projects, the ERC subcommittee recommends. These would be what are called "bankable" projects with potential to generate reasonable returns to investors, such as public transport infrastructure, public housing, schools, and hospitals.
        67 words
    • Article, Illustration
      Lock icon Retailers expect initial GST squeeze on margins
      521 5  -  But they stand to gain from buying ahead of increase By] Kalpana Rashiwala RETAILERS whose profit margins are already being squeezed by intense competition and the economic slump may have to brace for leaner times. They may have to absorb part of the
      FILE PHOTO  -  521 words
    • Article
      Lock icon Car buyers cannot hope for lower prices anytime soon
      469 6  -  Panel's proposals have little impact if small quota persists By < Christopher Tan CAR buyers hoping for lower prices will have to dream on. It isn't likely to happen. The single biggest influence on car prices since 1990 has been premiums
      469 words
    • Article
      Lock icon Big booster for R&D and IP ownership
      294 6  -  Byi Chen Huifen TWO tax reform proposals are likely to advance Singapore's R&D sector and boost its chances of becoming an IP ownership hub. This was the view of tax consultants on the proposal to allow: more liberal deduction for R&D expenses incurred
      294 words
    • Article, Illustration
      Lock icon HK stays alert to see if S'pore gains an edge
      530 6  -  Analysts in Hongkong say the tax proposals may sway some firms in Singapore's favour From Audrey Tan in Hong Kong HONG KONG is "taking note" of Singapore's proposed tax changes. Financial Secretary Antony Leung said yesterday, even as analysts warn
      THOMAS WHITE/ST  -  530 words
    • Article, Illustration
      Lock icon Property calls that didn't win support
      617 6 One proposal was for tax deduction on mortgage interest Zft/Kalpana Raahiwala PROPERTY did not feature in the main tax recommendations announced yesterday, but what was noteworthy were the proposals that failed to win the support of the ERC subcommittee. Among them were a review
      FILE PHOTO  -  617 words
    • Article
      Lock icon GST hike will benefit M'sian retail, tourism, analysts say
      389 6  -  And business costs will still be lower in ITsia even if S'pore cuts taxes From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S retail and tourism sectors will benefit from a GST hike in Singapore, as more cost-con-scious Singaporeans cross the causeway
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    • Article, Illustration
      Lock icon Income tax cut better way to lure businesses
      1060 7  -  Corporate chiefs often swayed by level of their own tax, BT panel tells amdbeatam ANDREA TAN CUTTING the personal tax rate rather than corporate tax rate is more effective in luring businesses to Singapore, a panel at BT's roundtable said yesterday. Of
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      119 3 LOEWE gni W W Hi! *****2-00 m w L L 1 r^ tjr Jp jjp t/// «r L_Jj H_gJ| the art of television. Its unique appearance attracts attention to the absolutely flat screen. And the Media Plus-concept offers unprecedented individuality. Real Flat picture tube in 16:9 widescreen format Future-ready with
      119 words
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  • Article, Illustration
    Lock icon Untitled
    262 4 cno swswpOK INDICES April VALUE 008C mmm -400.00 +i6&oo gCW -*****.00 >170.00 .m m4*m -*****.00 -46.oo ■WI|*n 459.0$ 46.76 WtpfcBwl 162.33 40.41 Integra 5c 58J20.000 tonics PS130 *****,000 IPC020c... 18,*****0 NOL *****,000 PNEMtoonac 11,953.000 Jays HMgs 10c 1X435,000 SmUrmSc 10,966,000 SamuderalOc 10.960,000 StotfTsI 13c 9,796,000 Sp«» Shipping Corpr 10c 9.757,000
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  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2161 4 UNIT TRUSTS FUNDS ■TT7T7T7TTTTrVBH|BHHi cwBond spor* A/$ IJOV CibBood Spore B/S 1.231/ Oti Monty Sing Dollar Class 8 im AM A«ro Aaet Mgt (S pore) QO Pan-Europe Equity Fund 10* Star Europe Eqty!* 0.79W OUSelect Asia Tilt Balanced 1* Star Europe Bd 0966/ CrtSSetaet Am Tilt Growth 125/ Star Europe
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      148 7 NOKIA /J ~v Connecting People Wc know that working intelligently and looking smart is your ballgame. That is why the new Nokia 6510 combines small size with all the software you need to match a busy schedule. GPRS* fast data connection and convenient WAP browsing Enhanced Calendar view your weekly
      148 words
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  • SINGAPORE companies
    • Article
      Lock icon DBS gets flak from remisiers group
      373 8  -  Sotiety backs members at DBS Tickers nnhappy with migration of Net clients to new venture By' Vince Chong THE Society of Remisiers has given its backing to the complaints of DBS Vickers Securities' remisiers over the migration of the firm's Internet customers to the
      373 words
    • Article
      Lock icon Stock loan data via Net from Mon
      217 8 THE Singapore Exchange (SGX) said yesterday that live information on its securities lending pool will be accessible via the Internet from Monday, in another step to provide investors with more data to make trades. The lending pool comprises the list of lendable securities
      217 words
    • Article, Illustration
      Lock icon Venture capitalist Finian Tan joins Credit Suisse
      460 8  -  By] Kenneth James INVESTMENT bank Credit Suisse First Boston wanted him, leading venture capital firm Draper Fisher Jurvetson wanted to keep him. In the end, both got the man they wanted: Finian Tan, erstwhile commodity trader, top civil servant, and venture capitalist; and
      460 words
    • Article
      Lock icon SNP Corp halves Q1 loss to $260,000
      241 8 PUBLISHING and printing firm SNP Corp said its group net loss for first quarter 2002 narrowed to $260,000 from a loss of $590,000 a year ago. In the publishing business, the group said it cut its losses from $1.8 million to $800,000 as
      241 words
    • COMPANY Briefs
      • Article
        Lock icon S'pore banks Asia's bosts Fitch
        67 8 WHILE the near-term performance of the surviving Singapore banks may yet have some more downside- I I Mill ll Mllll—it thaaabailtl remain among the beet bank credit* In Asia from a rating standpoint, rating agency Fitch Ratfagasafcd in to quarterly report Filch said Bfa*apore banks'
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      • Article
        Lock icon Kim Eng upgrades Datacraft to 'buy'
        151 8 AFX IOMEng Securities has upgraded Datacraft Asia to a "bojr froma "artT on its attractive valuation t. foUowingffccent sharp declines in share prioaa. the sharp correction in ita share price, Detacraftte looking attractive again. At the current price, the Hock ia trading at a
        AFX  -  151 words
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      Lock icon Page 8 Advertisements Column 1
      233 8 ffesfaurantSiiSl f Lion City Hotel, 15 Tan)ong Katooq Rd, Website: If j§. *r r B__ iHfe s !f*<' x%v *>v J| Bjf j m T&H'* POWERLINE COMMUNICATIONS V ..vi v i- j %a a —j— j a The power to communicate has changed forever. Internet users here will be among
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Terms of trade worsened in Feb
      393 9  -  < 3 on the economy terms of trade -By Teh Hooi Ling EXPORT prices continued to fall ahead of import prices in February, worsening Singapore's terms of trade, or the ratio of export prices to import prices. Figures from the Department of Statistics showed
      Source: UOB  -  393 words
    • Article, Illustration
      Lock icon Reply sent to KL on package of bilateral issues: PM Goh
      368 9  -  By< Quak Hiang Whai SINGAPORE yesterday replied in a letter to Kuala Lumpur on Malaysia's latest package to resolve outstanding bilateral issues such as the water agreement, Prime Minister Goh Chok Tong revealed yesterday. Speaking to reporters on the
      368 words
    • Article
      Lock icon Broking fee war reports exaggerated
      311 9  -  twmasßi Edmund Lee Ian Struthers YOUR paper has certainly generated significant interest in the launch of DBS TD Waterhouse this week in Singapore. However, your recent headlines of a price war for local brokerages are exaggerated. In fact, DBS Vickers' pricing for advisory service has
      311 words
    • Article
      Lock icon 950,000 residents surf Net at high speed
      359 9  -  IDA survey shows ADSL, LAN most popular means of broadband access By i Chua Hui Min SOME 950,000 people in Singapore now use broadband to surf the Net, and to raise usage rates further, the government will spend $15.7 million over the next
      359 words
    • Article
      Lock icon Accor buys out rest of Century stake
      272 9  -  By* Andrea Tan AMID the tough operating environment. Century International Hotels has sold out to French group Accor. Accor, which has been on a buying spree lately, acquired the remaining 75 per cent of hotel management firm Century. Both Accor deputy chairman Asia
      272 words
    • Article
      Lock icon Fast Net access via power socket in Q3
      227 9 YOU can expect to log on to the Internet and gat high-speed access via your electricity socket later this year with a new technology currently undo- commercial trial from SP Telecommunications, a whollyowned subsidiary of Singapore Power. The technology is called Power
      227 words
    • Article, Illustration
      Lock icon Lessons from a master manager
      549 9  -  Koh Boon H wee shares insights from his experience By Paul Chan "I WILL not pretend to be a management guru like Peter Drucker, Stephen Covey or Tom Peters," said Koh Boon Hwee, in his opening remarks at the 6th Annual Worldwide Lessons in Leadership
      FILE PHOTO  -  549 words
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  • REGIONAL news
    • Article, Illustration
      Lock icon Malaysia will be flexible in aviation pacts, says Ling
      528 10  -  It will grant sth freedom rights in bid to make KLIA a regional air hnb From Eddie Toh in Kuala Lumpur MALAYSIA will be flexible in its bid to pursue more "open skies" pacts, grant "fifth freedom" rights and customise services
      FILE PHOTO  -  528 words
    • Article
      Lock icon YTL Land shares soar on housing plan revival
      330 10 KUALA LUMPUR It will develop 4,000 nnits in the Sentul R&ya suburb project fringing Koala Lumpur Reuters SHARES of Malaysian property firm YTL Land Development soared 23 per cent to a neat five-year high yesterday on news it would unveil plans to
      Reuters  -  330 words
    • NOTE Book
      • Article
        Lock icon Globetronics sees 15% profit growth
        47 10 Reuters [KUALA LUMPUR] Chipmaker Globetronics Technology expects 2002 earnings to rise nearly 16 per cent to RM23.5 million (5i11.4 million), boosted by new testing and manufacturing contracts. Revenue is Z projected to rise to RM23B million fftwn RM2O7 million last year.—Reuters Z
        Reuters  -  47 words
      • Article
        Lock icon Police probe into MAS still ongoing
        41 10 AFX [KUALA LUMPUR] Police are still investigating allegations of management irregularities at Malaysian Airline System and the loeees incurred by its cargo division, Utuson Malaysia reported, Quoting the deputy director of commercial crimes. —AFX Z
        AFX  -  41 words
      • Article
        Lock icon CyberWorks venture to lay off staff
        37 10 Bloomberg [HONG KONG] Reach, an Asian undersea telecoms cabte venture owned by Pacific Century Cyber Works and Telstra Corp, may fire staff today or Monday, a CyberWorks labour union official said.—Bloomberg
        Bloomberg  -  37 words
    • Article
      Lock icon Don't block set-up of Asian bloc: Dr M
      336 10 KUALA LUMPUR AP MALAYSIAN Prime Minister Mahathir Mohamad yesterday accused non-Asian countries of working against the formation of an Asia-only economic group, leaving the region weaker against trading blocs in Europe and North America. Dr Mahathir did not name any countries. But
      AP  -  336 words
    • Article, Illustration
      Lock icon Malaysian bank stocks seen retreating amid testing time
      597 11 P KUALA LUMPUR yict Analysts cite high ▼aluations after tall ran, bad loans, slow loan business Reuters MALAYSIA'S banks, facing a, fresh shakedown as stiffer foreign competition looms, a» right now experiencing a testing time, with bad loans yet to peak and
      Reuters  -  597 words
    • Article
      Lock icon AMMB to cut 20% staff at merged finance unit
      153 11 Bloomberg [KUALA LUMPUR] AMMB Holdings Bhd, Malaysia's fifth biggest lender, said it will cut nearly a fifth 0f5,300 employees at its merged finance unit to help cut costs, following its takeover of the country's biggest finance company. AMMB's Arab-Malaysian Finance Bhd
      Bloomberg  -  153 words
    • Article
      Lock icon Plans afoot to set up first Indonesia casino: official
      301 11 JAKARTA Gambling resort projected to bring in l-5t rupi&h a year AFP INDONESIA, the world's largest Muslim-populated country, could soon get its first legal casinos, an official said yesterday. Investors have expressed interest in developing casinos on an island chain north
      AFP  -  301 words
    • Article
      Lock icon Jakarta seeks to replenish Iraqi oil
      119 11 JAKARTA Reuters INDONESIAN Mines and Energy Minister said yesterday that he had ordered state oil firm Pertamina to buy crude oil from the spot market to replace a shortfall due to Iraq's self-imposed embargo. "I have ordered state oil company Pertamina to buy crude
      Reuters  -  119 words
    • ASIA Notes
      • Article
        Lock icon BCA to have 2 directors replaced
        35 11 Dow Jones Newswires [JAKARTA] Two ofPT Bank Central Asia's sight directors will soon be replaced with appointees named by a Faralion Capital-led consortium, the government said yesterday.—Dote Jones Nmourtm
        Dow Jones Newswires  -  35 words
      • Article
        Lock icon Bangkok,Bahrain set up equity fund
        46 11 Dow Jones Newswires fBANGKOKI Thailand and FUhfin tfgnffi S memorandum ofunderstandii* to set up sU3|BOO million ftmd which wffl invest to the Thai stodc market. FinanceMiniaterSomkidJatiisttpttaksald 4 on Wednesday He said the pact was signed dnrtog his Bahrain visit this week.—DomJohmNmmwtm
        Dow Jones Newswires  -  46 words
      • Article
        Lock icon Manila exchange seeks govt bonds
        34 11 Bloomberg [MANILA] The Philippine stock market is seeking to have more types of fovinaMßt bonds traded on the exchange to attract more individual investors, exchange president Ernsst Leung said.—Bloomberg
        Bloomberg  -  34 words
      • Article
        Lock icon China tries ex-banker for graft
        41 11 Reuters [BEIJING] China has put on trial Fan Shaortm. a fbrmsr Bank of China branch hsad aeeoasd of taking bribes from a convicted smuggler, misappropriating millions in pnhltr fhwh mnrf<fttgel familfr associates, state media said yestarday.—Kwiin
        Reuters  -  41 words
      • Article
        Lock icon India may cut rate en pension fund
        65 11 Bloomberg [NEW DELHI] India may cut the interest rate it pays on the nation s biggest pension ftmd as it sssks to trim Its Budget deficit two wssfcs aftet it lowered ratesonsmallBavingsandotherpsoslonplans.it may cut the rate on the Employees Provident Fund, which has
        Bloomberg  -  65 words
    • Article
      Lock icon Toshiba may build its largest plant in China
      391 13 TOKYO Its 13th factory will enable it to shift more production to the low-cost base Bloomberg, Reuters TOSHIBA Corp, Japan's largest maker of laptop computers, will build one of the world's largest industrial complexes for making computers and consumer electronics in Shanghai,
      Bloomberg,; Reuters  -  391 words
    • Article
      Lock icon TSMC, UMC speed up expansion
      215 13 TAIPEI Bloomberg THE world's two largest contract chlpmakers said yesterday they had accelerated plans to set up nextgeneration semiconductor plants, signs the semiconductor industry is malting a healthy rebound from a dismal 2001. Taiwan Semiconductor Manufacturing Co (TSMC) will break ground on two plants, or
      Bloomberg  -  215 words
    • Article
      Lock icon CyberWorks execs' pay down 84%
      144 13 Reuters {HONG KONG] Top executive*' pay at Hong Kong telecoms carrier Pacific Century CyberWorks plunged 84 per cmA in 801 as a drop in the firm's ahara Prtce nullified potential gains from share ojrtkme, according to the firm's annual report jmlSassSl Internet turned phoaeooovany weedMTSd
      Reuters  -  144 words
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      25 11 MASSAGE NV HEALTHCARE v <-^£*3Er¥2PSJ^i^y^ nRHRF w l -^i" 10(i M.i.1,. ,n l.i,).in M.'dt. .il Appi-.v.ii rj,. illl/mn; I le.lltfi IS .111 .ittltdO •t' > it.
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Freedom of religion? In name only
      737 12  -  ITIIHIIIIUB OPINION frank ching The writer is a Hong Kong-baaed Journalist and commentator LAST month, in what h** become something of a ritual, the United States issued its annual report on human rights all over the world except, of course, fee US itself. And,
      737 words
    • Article
      Lock icon IN OTHER WORDS
      94 12 These days, I am having dinner alone with my wife most of the tune.' -OcrinCkui author of' The Coming collapse of China', who says he is not getting many dinner invitations over in mainland China. 'Instead of protecting the nation, they're protecting their incumbency.' 'ThMMsSctats president of
      94 words
    • Article
      Lock icon A bilateral reality gap
      598 12 EDITORIAL THERE can be no better illustration of how far perception can be removed from reality than the way the Malaysians have reacted to Singapore's land reclamation works at Pulau Tekongand Tuas. Malaysian leaders and commentators have, quite simply, ignored the facts and have perplexingly jumped
      598 words
    • Article, Illustration
      Lock icon Tax solutions for taxing times
      1787 12 The Economic Review Committee's f" Subcommittee on Taxation, Wages, CPF and Land released its report 0 titled 'Restructuring the Tax ir- System for Growth and Job re Creation'yesterday. This is the st executive summary of the report. s CREATING jobs is our key challenge for
      FILE PHOTO  -  1,787 words
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      54 words
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      474 13 I Lianhe Zaobao I I Local I I joint venture fkm I I building I lluxuiy I I housing estate I lin Jiangxi, I I China I I I I £iB&i] I I ££naM| I I tunM.f<> n—, it IN THE MATTER Of THE COMPANIES ACT, CAP. SO [Sadion 290<2)<b)]
      474 words
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      425 13 IN TMI MATTER Of THE COMPANIES ACT, CAR 50 (Section 290(2Hb)] AND IN THE MATTER OP PACVEN INVESTMENT ITD (In Member* 1 Voluntary liquidation) NOTICE OF RESOLUTIONS At an Extroortfinary Gonorol Mooting of the Company hold at 394 Alexandra Road #1603 tP Tower Singapore *****4 on the sth day of
      425 words
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      76 13 mm STEEL TECHNOLOGY JUST LEAPT SEVERAL YARDS AHEAD. I I '4i I >^|fl^^^K£KL S ;SH^:HS-:; Vr <L* Ua I GOLF i P«™ West Tee To Green. Isetan Scolts. I Para 9° n Shoppinq Centre. Suntec City M ill Green Fairways Drtvtnq Ranqe. Sentosa Golf Club Stnqapore Island Country Club Parkland
      76 words
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  • WORLD news
    • Article
      Lock icon Andersen agrees to admit wrongdoing
      358 14 ENRON SAGA Move comes after ex-partner pleads gnilty to destroying Enron documents NYT, AFX PUSHED by the decision of one of its former partners to plead guilty to obstruction of justice in the Enron investigation, Andersen has reached the outlines of a settlement with the
      NYT,; AFX  -  358 words
    • Article
      Lock icon Senate kills plan for derivatives oversight
      277 14 48-50 vote follows lobbying by traders, banks, Greenspan Bloomberg [WASHINGTON] In a setback to efforts to increase regulation, the Senate rejected a proposal to increase government oversight of trading in unregulated energy derivatives. The 48-50 vote on Wednesday followed lobbying by banks, traders such
      Bloomberg  -  277 words
    • Article
      Lock icon US import prices up in March on higher oil
      339 14 UIBST UJJ. indicators Reuters, Bloomberg [WASHINGTON] US import prices rose in March, exceeding Wall Street expectations and reflecting the biggest monthly gain in petroleum import prices in nearly three years, the US Labor Department reported yesterday. US import prices rose 1.1
      Reuters,; Bloomberg  -  339 words
    • Article, Illustration
      Lock icon Voice mail reveals HP chiefs late bid for votes
      529 15 SAN JOSE Nothing illegal, says HP, as disclosure comes amid lawsuit over Compaq deal AP TWO days before HewlettPackard shareholders voted on the contested purchase of Compaq Computer Corp, HP chief Carly Fiorina told her top lieutenant she was nervous about
      AP  -  529 words
    • Article
      Lock icon Commerzbank to sell S'pore-based unit
      243 15  -  Commerzb&nk Asset Management Asia sale follows huge group loss From. Neil Behrmann in London COMMERZBANK, the third largest German bank, intends to sell its Asian asset management operations based in Singapore, but will keep its Asian branch network and securities operation in Japan. At a
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      439 16  -  Tokyo's recession fight using exports not in interests of E Asia: Trade Rep Frorn, Anthony Rowley in Tokyo US Trade Representative Robert Zoellick yesterday warned Tokyo it would be a "mistake" to rely too heavily on boosting exports in order to escape
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      Lock icon BOJ's easy monetary policy intact
      188 16 Dow Jones Newswires, AP, Bloomberg JAPAN'S central bank kept its ultra-easy monetary policy unchanged yesterday, saying there are encouraging signs the nation's economy is bottoming out. Among the signs cited were stability in the banking system and financial markets. But the Bank of Japan (BOJ)
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      307 16 SUNNYVALE. California Bloomberg, NYT YAHOO! Inc, owner of the most-used group of Internet sites, said its first-quarter loss widened to U5553.6 million. The losses, which widened to 9 US cents a share from US$ll.5 million, or 2 US cents, a year earlier, were largely
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      459 19 NEW YORK It will prevent scrip becoming a penny stock after Comcast buys cable TV unit NYT IS it conceivable that shares of AT&T, one of the world's iconic corporations, would trade for less than US$5? Not to AT&T's board, apparently. In a filing
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      360 19 FAIRFIELD, Connecticut Jxdadißg charge* n acctißtmg rhiii£fML'; prt6trwel7% Reuters GENERAL Electric Co, a powerhouse with operations ranging from finance to broadcasting, yesterday posted a S per cent decline in first-quarter net income •fteiM&king charges on accounting Krcirwilng those charges, profit rose 17 per cent
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      630 14 WAN U TRADING PTE LTD (Incorporated In The Republic Of Singapore) LOST SHARE CERTIFICATES Nodoe B hereby given tha ihe following iharc certificate* been reported lo*. fflTifrMf Nn hJklti No. of Shares 3 Lee Kai Thong 20,000 Lee Kai Thong 20,000 3 Lee Kai Thong 20,000 6 Lee Kai Thong
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      130 14 PRESENTATION ON ITALIAN DENTAL INDUSTRY Venue Suntec Singapore Convention Exhibition Centre (Meeting Room 209, Level 2) Date 13th April 2002 (Saturday) Time 12 noon All dealers, academics, journalists, importers and professionals in the dental field are invited to attend the presentation. REPLY SLIP PRESENTATION (Please tick YES, I would like
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      654 15 call toll-free 1800 289 8822 K—fl r*ctWtmk.c*m— I; IN THE HIGH TOtIBT f>F THE REPUBLIC OF tlNfiAPftflf Companies Winding Up No *****2 of 2002 In l»w Man* of Section 254(1 of ihm Companies Act (Otoptor SO) 1994 Revised Edn. And In the Mutlei at SAL CONSTIUCTION PTE LTD (RC NO.
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      348 15 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF SCHLEGEL TECHNOLOGY PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Cap. 50 that the Final Meeting of Members of the Company will
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      521 15 HONG LAI HUAT GROUP LIMITED (Incorporated in the Republic of Sing£*xxe) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Hong Lai Huat Group Limited (the "Shareholders") will be held at RAFFLES MARINA, 10 Tuas West Drive, Singapore *****4 on 26
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      1167 15 HOTEL NEGARA LIMITED (Incorporated in the Republic of b<ngapore) NOTICE OF BOOKS CLOSURE DATE SHARES") THE S2ES £2 J' 505 430 NEW ORDINARY SHARES OF $1.00 EACH (THE "RIGHTS FOREACH 2M "CO™*"*") AT A SUBSCRIPTION PRICE OF $1.20 SHARES OFtIOO R,GHTS SHARE FOR EVERY TEN (10) EXISTING ORDINARY DATE p^framCOMPANY
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      911 15 1 H"B" INTERNATIONAL PRESS SOFTCOM LIMITED HJ* (Incorporated in the Republic of Singapore) SOFTCtXTI NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of International Press Soft Com Limited will be held at International Press Building. 26 Kallang Avenue, Conference Room, Level 2 on the
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    1159 16 Transaction date: Apr 11 mTBEBAMM CROSS RATES AS B to ffr IH Yw Ww IM M2>ft*8» No S3 8r 1* 8*t Hmt m AwfrHU 0.150 4437 0.607 1974 1.185 4.170 26.148 51.193 0.703 7.111 2.032 1211 32.149 ***** 0.901 6.006 0J91 *707 ***** 0272 0.535 C««8« LIT* 528 1714
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    1550 16 MOWPIITUMg April IWKI tans (Ctataq pricts) RSS1(ScMd/kD Close Votant Ope* fjflfc U» Sett (iww) Interest itortt KIOO Jen 02 M 02 128.75 **02 128.75 ISS3(USCM(sA«) VolMM ODI lo» Sett (tout) Interest 55 1 1 1 £02 67.75 2100 <150 «J0 75 2825 A* 02 68.75 68.50 6850 75 2825
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      1058 17 IN TNI MATTER OF THE COMPANIES ACT, CAT. SO ((Section 290(2Hb)J AND IN THE MATTER Of AJBMI LTD (In Membeu' Voluntary Liquidation) NOTKE OF RESOLUTIONS Al on Extraordinary General Mooting of Ihe Company hold at Banfccartto, Bolsbndge Dubfin 4, Ireiond on the 4tfi day of April 3003, the Mowing Resolutions
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      1068 17 a mm NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Valley Room (Valley Wing), Shangri-La Hotel, Orange Grove Road, Singapore *****0 on Tuesday 30 April 2002 at 10 am for tne following purposes: AS ORDINARY BUSINESS
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      542 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2Kb) and IN THE MATTER OF EFAPEL ASIA PTE LTD (In Member*' Voluntary Winding Up) Alan Extraordinary General Meeting of the above named Company duly convened and held at Block 217 Henderson Road #02-09 Henderson Industrial Park. Singapore
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      1616 17 TELEDATA (SINGAPORE) LIMITED (Incorporated In the Republic of Singapore) nana at abmh meeting Annua General Meeting of the abovenamed company will be held at its registered office, No. lenoniuiDvoiiciueee 1 ***** °n Mondaythe 29th day of April 2002 at 9.30 am to transact the following business AS ORDINARY BUSINESS ,h
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      328 17 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTE* OF OSA MARINE SERVICES ASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuont to Section 300 of ike Companies Ad, Cap. SO, tfiat a Final Meeting of the Members of
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      476 17 SC GLOBAL DEVELOPMENTS LTD (lacoryarlad tm tkt RtpmkUi of Slnf par.) ■NOTICE OF EXTRAORDINARY r.FMT.BAI MFFT.Nir. NOTICE IS HEREBY GIVEN that an Extraordinary Genera) Meeting of SC Global Development! Ltd will be held at 9.30 a.m on 29 April 2002 at The Sheraton Towers Singapore. Function Room 3. Level 2,
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      130 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 5t AND IMAGE CREDIT PTE LTD (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company are required on or before 22nd May 2002 to send their names and addressess with particulars of their debts or claims and
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    2145 18 Transaction date: Apr 11 KUALA LUMPUR FraserlNeave 3.56 unch 40 Vel FS8M 3.35 -0.03 11 W- r«00) fWmA«n«i -0.3» 0.01 41 -002 20 AtMRealty 1J1 -001 292 Gamucfc 650 0.15 3331 Abnt ill 010 617 GanadCotp 104 0.01 51 ACPIntkatnes 3 70 008 769 GarwTadi 132 -0.01 7 Acfcence
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    347 18 I i Transaction date:Am-11 §*■<■'1 ?S v58 3«S oSc""* OwtMHCand 1.7> UJO QUf «CJM ssa. sa a Sr"* ar J5?: Sr. a 33S sk»- ss is us rJL,* s ii 55 ?2 7« 2,<*° 2£ Sssv 8 si 5S at is Ss 58* »3S7v u,Jfc "i lMC war a
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    388 18 BONDS WARRANTS MCw txm TS SS rmmm »■■■>» u» £L*E£l,m I 151 1 425 COO J, 15 454 1 33 1 1.47 30 WW<iiihHWMBJ0 4 |0 33 2« x WoodP\*Q***** .Q5 2? Jf J* hrfUWOHl 10k 104 240 ,M0 3 ■4r65%j00»0901 10k »on»«mW02TO15 1 •ouMMdWftMOKQ 11 o 5 15 5
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    3766 18 > Transaction date: Apr 11 formx>re,gotoiimM}jasiaonermiarketg£orn HONGKONG *»l mterform Ceramics 0.02 unch 1900 m> *t- "m MIBankof Aria 1.90 a01 652 Ago»As» Multimedia ..-.(US unch 0 JcSh3*SJ P 405 1045 AJT^Soo 1 Tvl *£S? 1.99 -0.04 ***** £2 tIS EMElr^ a,H ~-?2 IS *2 £otS- ,m ,Sg £2!
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    Lock icon SGX MAINBOARD
    5815 19 Transaction date: Apr 11 for live prices, log on to wivwxisiaofierriarketsxorn 5H» IM M Day ia» MM* Mr OffW M "Cap 8M*g MM u» o—mm >* w- rww MM u» M» cw w» 13 iSS ASNAmroNLGSfc 9 10 JJ IB 22.5 «c ACE(Xnma20c 16.5 unch 62 17 1«
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    29 19 c— a w a ■r-ara.-s a*? s's'ag CM) 300 i ISDJUST«ti UMOO *40 4(30 4630 SJ5 440 s tSMSOSpor* OS575 12»W70sSStfH0 usiuko 131S0 ®S0 s STOWS US113M
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    1539 19 ■st. c— a A jr*.sn.n S'bts US McABRHIdpSc 17 inch *0 II <7 17 14 n> n •3 12cAPOISc 20.5a) inch S4 205 205 20 21 S 115 1.2 M W 21 B5 773 c AS Auto 10c 52 *15 161 52 51 513 52 10 N7 15
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    Lock icon CLOB INTERNATIONAL
    198 19 SHK Lai M Day 11 qn Mb Mr CUM Hat HCm I— Ciapm u*» W- »■»>«■ —y M» CVr wt 110 ID AVJwrtnpA2ScA rn M 100 40 14 10.1 51 7111 Cjtfiay Pk 20c HK. 720 265 21 74 243K2 Omxg KongSOc HK.. „17<0 240 13 17 3
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      89 20 I T I«J 111 1 i I i i lilt I i LE CT R O NIC S jl|iifl|ll?f*¥- < v I J .V A <*. A k < /'I"" illpf- 4V\..__a lM|: -\L»A ■'IP >4- i„iX 'X'"' 'v.*-' ;> a -A s --iV% -w s J*. ■< -J% s*
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  • EXECUTIVE Lifestyle
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      Lock icon Buying time
      1602 21  -  Li Terms like 'anti-ageing' and, I life extension' have become the latest buzzwords among baby boomers. CHEAH UI-HOON looks at current research on the subject and what those in the business say CHEAH UI-HOON LIVING to a "ripe old age" has taken on new meaning in the past
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    • PERSPECTIVE/PROFILE
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        Lock icon Making babies fashionable
        702 22  -  OFFniTOTTiI Whoever can make motherhood a hip thing will succeed in raising Singapore's fertility rates. It's all about marketing, really. Jnst look at what's" happening in Hollywood now jaime ee OK, I'm thinking maybe men and women should just sit down and gouge one another's eyes out
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        Lock icon A keen eye for talent
        815 22  -  Publisher Sonny Mehta tells TAM HWEE HWEE how he spots literary winners TAN HWEE HWEE The writer is a former BTjournalist don't profess to be an expert in anything," says Sonny Mehta, "But IH see what I can mm I^l For anyone who knows who
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    • PURSUITS
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        Lock icon Interpid explorer of the deep
        876 23  -  Underwater photographer David Doubilet talks to chhahux-hoov about his Garden of Eden CHEAH UI-HOON DAVID Doubilet, acclaimed National Geographic underwater photographer, has this to say about the mysteries of the oceans Joseph Conrad may have convinced his readers that the exotic Spice Islands of Indonesia
        876 words
    • MUSIC
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        Lock icon The eclectic and inspired
        761 24  -  KAmrAX gbaxdkax tunes in to some new releases KANNAN CHANDRAN Tfct Mm ScolMd Baad Übefjam (Verve) Surrounded by his multi-talented and multi-faceted band members, John Scofield aims to display the kind of virtuosity that makes this a musician's album, albeit with a listening audience in mind.
        761 words
    • CINEMA
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        Lock icon Lacklustre Showtime
        596 25  -  It offers a good giggle or two, but doesn't turn ont to be the bellyful of laughs it promises to be By Parvathi Nayar YOU know how funny that convoluted "he knows that she knows that he knows..." type premise can be played out, right? It's what director
        596 words
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        Lock icon Gems for the picking
        900 25 Together (Today, 7 pm, Prince 1) Lukas Moodysson's second film follows his debut feature, Show Me Love, which was named Best European Film by the European Film Academy and garnered praise from Ingmar Bergman, who hailed his compatriot as the creator of a masterpiece. Together may
        900 words
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        Lock icon Lifeless Dragonfly
        262 25  -  The film itself is a rip-off from just about every thriller ever made By Susan Tsang DRAGONFLY is a tale about contact with the departed, which tells us that Kevin Costner should stop pining for dead women. He plays a doctor whose cancer-specialist wife dies in Venezuela, leaving
        262 words
    • THE ARTS
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        Lock icon Music to the ears
        1262 26  -  Two artistes are thankful that they can earn a living from their love for music By Cheah Ui-Hoon Most of us have the image of artists struggling to make ends meet. Two Singaporean musicians one in the classical field and the other in the contemporary one
        CHRIS LOH  -  1,262 words
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        Lock icon Teachers' practice
        349 27  -  The faculty of LaSalle-SlA's dance school return to their first lives on the floor, reports ghbah ui-hoom CHEAH UI-HOON IT'S a case of practising what you preach. When the faculty of LaSalleSlA's dance school take to the stage this weekend, they will showcase their professional, and diverse, talents
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        Lock icon Surviving One Flea Spare
        585 27  -  By Eleanor Wong The writer is a freelance contributor. WHEN a theatre group stages a play set in 15th century England, about the Great Plague, it deserves attention if only for the unexpectedness of the choice. Luna-Id's production of One Flea Spare by Naomi Wallace kicks
        585 words
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        Lock icon Autumn Tomyam returns again
        355 27  -  By Aaron Lye WITH four successful local runs of Chang Eng. two runs of The Swimming Instructor, two of Viva Viagra, it's no surprise that Action Theatre's Autumn Tomyam would make a comeback as well. The story about love and truth involving a retired American diplomat
        355 words
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        Lock icon THE PROGRAMME
        542 27  -  Aaron Lye fcV-* V; i r f PERFORMANCES Performed with an all-Singaporean rewt. this stage adaptation by British director lan Wooldridge of George Orwell's novel of the same name is a political satire that acts as a "reminder that power corrupts". +April 18-May 4,Bpm (Tue-Sun, With additional 3pm
        542 words
    • EPICURE
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        770 28  -  What goes into two-Michelin star Sergi Arola's cuisine? It's passion, patience and more, reports smoME Erasmus SIMONE ERASMUS HIS favourite local food is the humble Hainese chicken rice. "I went to a streetside stall to have it," said two-Michelin star chef Sergi Arola. "And it
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        468 28  -  Chefs Zhang Jin Jie and Aran Sampanthavivat demonstrate well how food can become an art form By i Cheah Ui-Hoon The Tung Lok group hosted two "renaissance" chefs at their Asian and Club Chinois restaurants this week, as part of the World Gourmet Summit. With their diverse training,
        468 words
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        Lock icon Singspiration hits right note...
        475 28  -  RESTAURANT but its cnisine could do with more inspiration By i Corinne Kerk SINGSPIRATION Cafe sounds like a tacky name, but at least, it's clear about its intentions. This new cafe located along the busy South Bridge Road is a place where you can get your
        ARTHUR LEE  -  475 words
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      110 22 VEHICLES The Straits Times Classified. Classifications 302 393. MR Bay It S«l k. Rnd H. H"l 3 23 Apri*2oo2° n Xu Min's oils on canvas capture his love of nature and the people of Indonesia in impressionistic colour tones. Since 1981, Xu Min has actively participated in solo and Taiwan,
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      101 22 'XgSpK- lyffi Since 19~5 our worldwide sta't of over 27j multi-disciplined professionals W V including lawyers chartered accourtants S| 4 k chartered secretaries and bankers have provided confidential and cost company formation in atl the major low > r jf ta* areas including Incorporation Fees from USSSOO The world's SJ"S
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      44 22 Prime Office Space for Lease Fully fitted out Open concept with managerial rooms, meeting room and training facility room Near Raffles Place MRT Available immediately Attractive rental package Debenham J Leung TRAVEL GUIDE The Straits Times Classified. Classifications 573 587. Bay IL MIL MIL
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  • Page 22 Miscellaneous
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      339 22 CRTPTIC CROSSWORD ACROSS reaHy ovef 916 (5) 1 Rebellious son pouting and 4 ""J refusing to bow (10) t SSl^l 00 6 A Frenchman is the writer 5 e^, rable < 7 > 4) 7 A wett-quaJrfied person set 10 Spare key given to one of n the family (5)
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      183 24 Where to wine, dine and entertain... b- A World ofExdusive Privileges Treats g (£*\x > Waofcondi and holiday* aro tor hoodtog down to Cotoman't tor lUnch whtw our tnrftot spread of ovor 50 dteho*. •ndtoss flow of barioy, too or coftoo awaits you. Molco your rotorvattom at (66) 6416 1132.
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      146 24 qggVic FASHION EXTRAVAGANZA Secretaries' buffet lumh at the Vic Tbp prize utcludes a trip for 2 to beautiful Darwin, Australia (SD/3N) rim Royal Brunei Airline:l with accommodation at the premier Carbon Hotel Darwin. Latest trends in office attire JKSZ& presented by Jeffery Chung Models daily during lunch 1 Secretaries will
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      244 24 Be the first to sample our Fiesta Buffet Lunch! Indulge In fresh oysters, smoked salmon, grouper and tuna loin, sushi and makJ Main courses. Including pasta, various seafood and meats, are served piping hot at the open kitchen. From 12 noon 2.30pm dally. Weekday price at $23 per adult and
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      221 24 I li:£ I I Function Room available for your I I Company Dinner Dance I I Baby's Full Moon J I I Maximum -100 pax I I Minimum Seminar -15 pax I I For enquiries, call us at 430 4119 I I 218 Queen Street, Singapore *****9 I A member
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      132 25 HDPUADn Simple, flavourful and healthy. UKLiIAKU Taste the delicate combination of CAFE= ingredients as the Orchard Hotel Singapore brings to you authentic Vietnamese cuisine at its best from 10-21 April 2002. Immerse in the gracious Vietnamese hospitality. 'Tastes of Vietnam' is available at the Orchard Cafe for lunch and dinner
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      59 26 Variety. A c<; ~i X r i "'it i nai l wmjp»iNi For a FREE brochure, fill In and mall or fax this coupon to: Tourism Authority of Thailand, c/o Royal Thai Embassy. 370 Orchard Road. Singapore *****0. Tel: (65) *****901 Fax: 165) *****653 Email: tatsln®sln<)net.com.s<j N e: /f^y Address:
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      26 27 ft Know the difference? An extra stroke, a whole new meaning. Learn Chinese with help from the experts. Find a tutor in Lianhe Zaobao Classified. 1
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      32 27 Opening Sale 6th April 14th April 2002 11am to 7.30pm Wines Accessories Discounts up to Cry /fl i n 333 Orchard Road, #03-42/43 Mandarin Hotel Shopping Arcade Tel: 6737 3540 Email: retail@crystal\vines.com
      32 words
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      108 27 k S Singapore gatf, e |or food festj VQ/ we gather our The Singapore Food Festival is here again! Gather your family and friends for a gastronomic experience and try these delicious house specials at Premier Thai. A. Crispy Beancurd with Crab Sticks $6.80++ D. Superior Shark's Fin with Crabmeat
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      156 28 I NAPA'S FINEST I m An evening with vintners [in mm from Napa Valley IH I Experience some of the finest wines from the Napa Valley at an exclusive f^tp3 J Vintner dinner at The Straits Room, featuring a selection from ;J I prestigious wineries including Clos du Val, Cuvaison,
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  • SHIPPING TIMES
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      Lock icon FREIGHT MARKET
      325 29 Reuters THE Baltic Dry Index (BDI) rose five points to 1,096, the Baltic Panamax Index (BPI) gained 14 points to 1,042, the Baltic Handymax Index (BHD firmed 36 points to 7,692, but the Baltic Capesize Index (BCI) fell three points to 1,391. 'I'IUmTHApTBPt ♦CIC Pride, Cargill relet (built
      Reuters  -  325 words
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      Lock icon MARITIME STOCKS
      268 29 SM 000 *rn s> *h Ht CWT Distribution 0.87 0.03 122 Choan Hup 0.42 unch 2689 Cosco Investment —0.26 unch 4012 FrttgM Links 0.06 0.01 160 08 Holdings 0.74 0.01 96 IMC Holdings-HK —5.60 unch 0 Jay* Holdings 0.24 0.02 ***** K*pp*l Corp 4.10 0.12 1912 K*pp*l Marine
      268 words
    • Article
      Lock icon Feeders will feel impact of Evergreen's shift
      534 29  -  Common feeders most now consider whether to extend coverage to PTP By Donald Urquhart [SINGAPORE] As the ruckous over PSA's latest defection begins to settle, the shipping industry is turning its attention to the common feeders as they adjust to changes in Evergreen's
      534 words
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      Lock icon Tax break plans could draw more shipping business here
      495 29  -  Panel suggests more tax breaks for shipping firms and P&I Clubs By" George Joseph [SINGAPORE] A Government subcommittee's proposals to help reduce the tax burden for shipping companies and marine insurance businesses could make Singapore the most tax efficient Asian maritime
      495 words
    • Article
      Lock icon Tyson suspended
      73 29 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) has suspended the bunkering licences of Tyson Marine following the conviction of one surveyor for accepting bribes from the company. The surveyor was convicted in Singapore's Subordinate Court on Tuesday and the suspension of Tyson took effect yesterday. "With
      73 words
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      Lock icon At least 23 killed in Philippine ferry fire
      190 29 AFP [MANILA] The owners of a Philippine inter-island ship say at least 23 people have been killed and about 50 are missing after a fire broke out on board. The coast guard has put the toll at 10 dead so far with
      AFP; AP  -  190 words
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      Lock icon Illegal trail
      52 29 [SOVERATO, Italy] Clothes and garbage are scattered on the beach ofSoverato, southern Italy, where a rusty freighter was stranded. Italian authorities rounded up more than 200 illegal immigrants who landed in the tiny seaside village on Wednesday after their ship ran aground off the Italian Calabria region 's
      AP  -  52 words
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      Lock icon P&O Princess launches new brand in Britain
      347 29 Dow Jones Newswires, AP [LONDON] P&O Princess Cruises has launched a new brand in the British cruising industry as part of a plan to accelerate its move into the cruise market there, and bolster the presence of its Princess Cruises fleet in North
      Dow Jones Newswires,; AP  -  347 words
    • Article
      Lock icon Fire causes loss of unseaworthy car carrier and cargo
      654 30  -  ADMIRALTY CASEBOOK By Selva Kumar A SINGLE fire caused the total loss of a car carrier and its cargo because the vessel was unseaworthy both before and at the beginning of the voyage, the English High Court ruled recently. The fire
      654 words
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      Lock icon Mutiny on the high seas
      60 30 AP [HONOLULU] The Full Means 2 is docked in Honolulu, Hawaii. A Chinese cook accused of stabbing to death the captain and first mate aboard the Taiwanese fishing vessel is being brought to trial in Honolulu in a rare case in which the United States
      AP  -  60 words
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      211 30 PAOC Gemartrans 4 Appenship 5 6 link K) Avarrt 10 Glory Nav 10 B'tang Mas 5 Hangli 4 BSA 6 Hamburq Sud 5 KC 10 Hoegti 9 BTL W Heung-A 3 CMACGM 3 Hu6Une w COSCO 3 HUAL w 4 < Cmn II CM 4 5 Confer
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      13622 34 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser VhmI Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone H Wiiii *TT* mil iimllrXl) NomtoT SIN Dest'n Neme Number Number To ALGIERS (ARS) 2014 Gormany To ABIDJAN (ABJ) 2003 Coto D'lvoira 19/04 01/05 Deimas ARKTIS CRYSTAL 204* 65*1377)44 19/04 10/05 Deimas MERKUR
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        Lock icon CONVENTIONAL WHARVES
        689 39 V*ss«l VoyNo Berth Arrival Depart urt ami tat ASUN «W0 10 J05 n/0V3:» 12/04/400 ***** joi n/04/t:S0 mm/boo EWSWTM on JOi 11/04/8:25 MH/17J0 «n«T« 1 4802 J03 n/04/655 n/04/22:00 8AYSWATU18 M2091 J03 1V04/720 Tl/04/1600 *J "02V. J02 tVOVRMO TV0V22XX) HIMTRAJ***** *8258 M IV04/t« 12/04/W00 *««0« 33IW J04 11/04/9*5
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        Lock icon CONTAINER SCHEDULES
        1836 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Booking/BoImcc Bstls SHIp Voy No Etb/Btr Period Fro* To Fro* K3 L* T nut 13/ftOO 10/1500 n/*St Oct-00 a nmoo n/otst n/moo 10/1700 VOtSt TV woo 3 n/0700 Ww tvmoo Mm VMst Tv/t7oo aci bakucm oon u/woo a e/>vx n/nst
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        438 39 Cjrt WO Mil 991.9 0.4 6.3 0.08 51 0.03 >Uf28 Dwritr liHf tesldw ItUlvlilv SiMbi* No above E25 4 0 1 0 0 0 KM 380 Ave 966.8 0.2 U.I 0.06 27 0.02 ln» 380 Max 992.0 0.6 17.8 0 08 66 0.04 M/Irl %,/y No
        438 words
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        Lock icon GLOBAL HOLIDAYS
        156 39 April 25 Australia: Anzac Day Italy: Liberation Day April 29 Japan: Greenery Day Mayl Singapore: Labour Day China: Labour Day Germany: Labour Day Hong Kong: Labour Day Italy: Labour Day Norway: Labour Day Philippines: Labour Day Sweden: Labour Day France: Labour Day South Korea: Labour Day Taiwan: Labour
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        Lock icon COCKETT BUNKER MARKET REPORT
        777 39 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesued stem. Market movements are indicated. The Cockett Bunker Price Index change and the
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        Lock icon Asian cargo demand grew for 3rd month in March
        634 40 Airlines bullish as manufacturers step np electronics exports to US Bloomberg [SINGAPORE] Airlines and freight forwarders in Asia said cargo demand rose for a third month in March as electronics manufacturers stepped up exports to the US. UAL Corp's United Airlines
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        Lock icon Plane scary
        47 40 [LOS ANGELES] Airport personnel work to free an American Airlines 767 from electrical cables after the jet rolled through a perimeter fence onto a public road at Los Angeles International A irport. The plane, which was parked near tsssssssssi sst:z%trimM ough ,he airportfence Airpon <*■** AFP
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        Lock icon JAL, JAS still revising merger plans
        273 40 Japanese carriers looking into Fair Trade Commission's concerns [TOKYO] Japan Airlines (JAL) and Japan Air System (JAS) are continuing talks with Japan's Fair Trade Commission (FTC) on a planned merger of the two carriers after the commission told them last month to revise the
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        278 40 Reuters [SAN FRANCISCO] An airline passenger with bat-tery-powered shoes caused a brief scare at San Francisco airport on Wednesday, forcing officials to cordon off an area of the departure terminal. Airport officials said the passenger, who had arrived on a flight from China,
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        209 40 Reuters [HONG KONG] Continental Airlines, the fifth largest US carrier, said it will add more flights from Hong Kong to New York in coming months in anticipation of rising travel demand. The move follows the company's recent restoration of flights from Guam to New
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        Lock icon Iata chief urges review of airline industry costs
        427 40 Sector not prepared for downturn even pre-Sept 11, he says [SINGAPORE] "We have lost more in one year than we have made in our entire history. This is an industry that is now in a deep hole. We must start looking for
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        Lock icon Narita breaks off landing fee talks
        156 40 Bloomberg [TOKYO] Tokyo's main international airport at Narita broke off talks with the International Air Transport Association (lata) regarding landing fees, keeping the cost of operating aircraft at the airport the highest in the world. New Tokyo International Airport Authority rejected a proposal to
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        118 40 Bernama [KUALA LUMPUR] Malaysia Airlines (MAS) and Fraport AG Frankfurt Airport Services Worldwide have signed a new agreement to extend the cargo handling services for the Asian carrier at Frankfurt Airport (FRA) Europe's largest airfreight hub. Inked in Frankfurt, Germany last
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        1767 40 OTT FU6WT IT* FU6HT rn> 0(404 UK) UL2345 0030 MM LH9770 2230 «344 *50 EM05 0210 SBW 2238 U***** MM S0404 2330 Mrta $023 0605 UI3I 2225 $0405 0615 S0323 0*55 SO 324 2345 FriaMart L)f9762 0635 LM9765 1230 GA9TS 1025 LH9767 0635 S0326 1230 B»
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      562 30 IV» TP USA/CANADA I EXPORT I I OTHER DESTINATIONS I OOdMTAM SOEl* I 17/ MI 03/05 07/05 01/05 01/05 00AI5 11/05 H— "I■ i ooQMaa mi 23/04 I m/m I 10/05 ivds is/os ivds ivb 11/05 m acHifl,a 'VO4 14/04 h/w a/04 30/04 03/05 I. H *I*4 23/04 24AM 05/05
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      80 30 WORLDGATE EXPRESS LINES PTE LTD y±\ 100 C^H «»aat, #16-03,04, Bangkok Bank Buikßng, S>por» *****6 X Tel: *****911 Fax: *****073******63 Email: wgsleOmbox2^ngnetcom^g WEBSITE: http j/www. wortdgate. com, sg WEEKLY FCL LCL SERVICE TO FOLLOWINQ PORTS |«own««a« I |HtMT W~] mmmum SH gg 1M KT I l l^ffife CAICUTU 12/04 1
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      605 30 Li"es services represented by femSk a Mwibers of ihe Registry of Shipping Agents, Singapore Shipping Association Members of ibe Singapore Logistics Association CONTAMQK/ CONVDfnONAL CARGO <1 »0B POtTKUW/SIKAfOH/iMtfntlMaOl vw ETAPKL ETA SIN ETA MALE Prtee«LHy 2M4 SvM tafmUfc OK «M 6 ff/K iv« UU MARINE SERVICES SINGAPORE Pbaw CS34 TMi
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      1131 31 TO EUROPE FROM EUROPE VBSa VOT SW IB W HMI WMM t» ifvESSa IWY HM NO NMI SOU l» SW API COM 105W 12/04 03/05 21/04 01/05 30/04 KYUMMIGBOUI 2MC 23/01 25/03 27/03 21/Ul3/04 aanKMSi OOIW 12/04 21/04 30/04 03/05 04/05 MOHOH 544E 36/03 a/03 30/03 31/W 14/04 HYlMMiimr 300W
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      1656 31 CALL 10 COLOMBO T/T 14 OATS GOEtAL AGENTS M SINGAPORE: M 100*5044 It 012-M SAUS/MGS TO: *****157/43 FAX: *23*5321/71 MALAYSIA OFFICE PASM GUOAMG TIL 07-3Ull* Mi a 7 »ui7a COSTAR SHIPPING PTE LTD 2™"'™ *****,02 mmfa a NO: **********0 M TIL *22* 19M (MAM) MMD (D/ 0) 442*5716 *23*5319/49 T/5Mf
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      509 31 rasa W SM MNL HKG SHA KEUSNPUS *T SW I QAMtI (HUM 7351 11/4 I 14/4 17/4 HWMUMOWOSWI IMS 14/4 ?V4 M/ 4 «/4 VS UfimT M I&4 1i74 DfIIUUM 2091 17/4 M/ 4 M/ 4 17/4 */4 30/4 jffi M -jjd- M HKJHMtt 7055 I 14/4 I 71/4 MKJW»
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      996 32 HYUNDAI MERCHANT MARINE CO., LTD. qWO. *****H0000H j* 1556 M" m mi aw nam wv vtssa vof son "TbS mT ant nam Sv~ TT MTNKNKSS 3J4W 00/04 M/ 04 24/04 25/04 17/04 MIMH 5451 H/OS 13/03 17/03 ~T~ "S7j7 00/04 AftCOIAI IOSW 11/04 21/04 OJ/05 10/04 01/05 Aft PtAM IM
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      829 32 WAN HA! UNES (S) PT* Lib I WIWAN HAI LINES I *mXMMHNbM^DCmHI WBIW2HB*: mil U»J«n Mini) D»T7U/ IKIJK I WWW.WMl»i.c»«.ig n»mnMMIU:|BI)aMI«MI«:mW/7MSIKLntVt M y. |B>l, Kg (Dtl) 4;stTO «7W 1"7 1 "V-1-? g-. It «*0 a m nx kwt m m JfJUrJ? I ~iW iW BIT" "HU S¥~"a'R —555 —S/E--ZZZ ra
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      656 32 WEEKLY EXPRESS SAILING SCHEDULE j ALSO ACCEPTING TO ALL I Vtssamt vot ita/ito ita/itd eta/etc eta/et> eta/etb j I ""TOM «lOw| lAH I II2AH I 17AH hah I I lAHAMIAI EXFWW own mn ?4AH J wtmcoi ohs nm imat smat imat "iimat WfIUMDWBS lIW 4 MAT lIIH 12 MAT IS
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      1139 33 A Great Way dubai Persian gulf WITH IRISL AGENT IN SINGAPORE AGENT M MALAYSIA AGENT M MDONESIA SMOSE MAMTWE PTE UD CR NO: **********0H BOUSTEAO SMPMNG AGENCCS SON. BHD. PT. SMOSE CONTI PERSADA TEL: *****144 FAX: *****181 KL TEL: 03-*****300 FAX: 03-*****662 TEL: 62-21-*****33 ML REP: DWECT TEL: *****938 PEN
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      503 33 i k UK CONTINENT SERVICE Loading lor CHMfTRA RDM/ATW/BMNAJK/NAN Loodi SfciQMwm. E/W. >4Mw»M*. Indonila MIDDLE-EAST SERVICE Loading tor HANDY ESPERANCE DBVABU/DOH/BRN/DMM/KWT RAINIER JDH/AQA/DMT ANAIS LAND JDH/AQA/DMT PAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT LOK KIRTI AQA/JDH LOK PRATIMA ADN/H DO/J DH/AQA •Load* Sngapore, E/W. MM*»—. IndonwM USA SERVICE Loadtngtor LOK PRAKASH VCWAAX/MZL HABIBE ANA
      503 words
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      802 33 m m m m» -asas £8 !#S Bjß- V* nm urn— Kg*—— $E— -2H!K= P* li/M Zn/£ IMlJtsli£li|£j Ml Sffil m M VKSB Hn Mi fx BBgRII -8»- WE ilfl- gg -a— liffl i!(B ||Liiujyigj JBSft m 8L HM VBSB WT sw w "Stoki K8? jfa aa HB "117»n WML
      802 words
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      336 34 p^Mt/lIOWHiHWHWro-WBByiaWlg VESSEL |VOY SIM I m SOU HAM ITM llli KM UyKESnea ~JM lt/04 h/m Q*/os cm/OS 09/0S la/05 11/ os SAUDI JEDOAH I7OW 25/04 26/04 14/05 14/05 17/05 21/ OS 19/0S IwUfPt VIRGO 17AW 30/04 OI7OS 19/05 2?705 J2/0S 25/05 ***** koMfUm| tory HoH UK inland dwtwotwns EAST/Wm«MratA)KAMP^ VBW
      336 words
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      303 34 CWT GLOBEUNK PTE LTD J OWN OFFICtS IN: TEL:€22SIB33 (36 LINES) FAX.*****742 M S YDNI Y MCLBOURNC FCNANG FOR T KELANG FASIR GUDANG KUCHING BANGKOK KARACHI BOMBAY NEW DELHI-COLOMBO-HO CHI MINH CITY HAIFHONG-HANOI-BREMEN HAMBURG TtANJIN-QINGDAO-iHANGHAIXIAMEN FUZHOU-DALIANXIANBEIJINGSHt JIA ZHUANG EAST MEDITERRANEAN ALEXANDRIA/PORT SAID/ASHDOD/UMASSOL/PIREAUS/THESSAIONIKI/BEIRUT/AQABA/ISTANBUL/IZMIR WUST RtEDfTERRANEAN PORTUGAL BARCELONA/GENOA/MARSEILLE/LA SPEZIA LISBON/LEIXOES CENTRAL EASTERN
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      238 34 BSA -L teflk MYANMA FIVE STAR UNE (Myeeew N«ti«Ml Um) VKsa vor sm ra ra ku OW SHWIHAW 54 W su> PAGAN V3O6W SU MAUTSU AGfWTS: OOUSTEAD SMPTMG AGQKXS ML TH 03-*****300 KL TH 03-317*4101 rot IH 04-7* ***** POfc TH 07-*****21/4 BANK LINE (A tarvk* «i k+r* W* Slriyyto,)
      238 words
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      85 37 Y nraafiAHAANFBAMRAN KALIMANTAN 1 DIKICT WIIKLY SERVICE TO 1 JAJUrU/PAUMIMG/DUWAJ I I »n I lan |rnuw jwwuu l u/m W7M MTIT i aftr 1 I mi—■ W/W 'H/H H7W —H7B SURAIAYA/PANJANG Vwl w si s«ii Mi PIMM |>S/W I u/M TT7M 1 I PtIAWAHG/PtKAM M»U Vw Vw Ml I mimtmn
      85 words
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      103 37 FULL CONTAINER SERVICE SIN PASIR QUOANQ SIN DAILY SAILINGS [VESSEL 1 VOV 1 ETA FG 1 PAY VOY I ETA SN| HAY] iSZff- HW9? _DSL. »7y< »/WW .fIL. OOLDOtSTW ***** 12/04/02 FW 1470N 13/Q4/Q2 SAT PROGRESS ***** 12/04AB FW 2577N 13/04/ TO SAT QOUOinW 1477S SAT 1477W 14/04/02 SUN PWORCSS
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      74 37 kwum wm-wu /coio—Q/ia—T/cwTiuww IMVTM SMGtfOK 55m aw ■V $7*l SMGAPOtf CCX OMtO NUMIAJ H/130T Mtfl ■YD.TOM SMGAfQKf BUBIM, UIACM lun TM SMtAKXI OCNNM.UKI IS W (SUI iWDuctmirr. $5 PHOENIX SHIPPING (fty)LTO MONTHLY BREAKBULK SERVICE TO SOUTHERN AffKA AND INO4AN OCEAN tSLANOS VESSEL NAME VOY SPORE DURBAN PHOENXI 04/001 18/04 30/04
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      101 37 VESSa VOY EIA SM DESTMADON m 77w yuNCUu/nwoMfaH IW 770* 70 75 Art WKON/OflTttGMt/MOHGU TIN 720* 77 74 Art HAJPHOHG/rtOHWO* •AISO ACCEPT CABGO FOB OTHER POUTS ON M3UCEMENT ACOm: IW lINC HO SUPPING I TtAOMG CO HI ITD TIL *****M1 (3 UWS) FAX: *5-*****103 N/f: 9731UU UUK APOttSS: ifckastl WWgfciiti|
      101 words
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      85 37 2= ESP LINES NEW WgKir LQ SBVKI TO LACOS Vissa SMUK WHY THUtSDAT LOAHM6 EVHT WP AT tgfß DISTHfAML cowvnmomi/ttAMum satvia ETA Ml UMMKFOt HV "TOT IS/M/JOO? DUIAI DMIMM kit IMIK HCM HUT BUMt MBt BWt MB MUBI s'POtt TIL *****411 FAX: *******7 HO: nos THj JJIS433 FAJL JJJ77II RE6UUW
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      732 38 Mjffli'iffiH n6B ISLAND '64N IH 7/04 23-25/04 30 30/04 I rrafWl HfN If 70/04 74-28/04 OW4/05 I H6OI Stt »70R 73 73/04 30 07/05 07 47/05 I TIGEt SHARK WIN 0345/05 IMI/05 I _Jl6Ejl ISLAM) »77W 30-30/04 07-00/05 14-14/0S I vot sw CAL^^SO^B oauan 602 iTTS7O4 tTTsTm oJWos I Tt6aaiß
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      780 38 (VKSaNAS VOY SINGAPORE PORT KfUNG OffTTAGONG ioNGU EU ETA EtO nA EYD EU HO PC HAL 81N11R RWN 15/04 16/04 16/04 20/04 24/04 (X WGNfTT 06N040 WD 17/04 11/04 11/04 22/04 26/04 QC HONOUR 07N034 FRI 19/04 ***** 20?04 2V04 »704 1 KUO HSIUNG PRNO3O RWN 22/04 23/04 23?04 26/04
      780 words
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      59 38 CONFER (S.E JL) SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAQONQ VESSEL SIN CTQ SAPPHIRE 10-10 APRIL 20-25 APRIL DIRECT FCULCUCOOrVCimOMAL SCRVICCS TOsmctor SU)-Cor»i«r» Mac*as Cjlcuda Borrtsay Kavft CdarrtX) Chttgang T jtecrr Coctn fnEw HoChiMr* Mgn*» Buv FCULCL OanHeai T« Auama 9yon* Wbame Europe BwnwtiMn Armmp
      59 words
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      723 38 I /d? IPDZ LINES I/ WW I aBWBBSWtt 111:01-6121-5$* FAX: 02-6217-0140 I I SMGAPOtfc TOW 6 JOO SWWO m lIP M m I BMaKMOBIIMMBWBBBBBBBniMBBSSBSMSSBIIIIM GWUAT 2123 14/04 GK* 2195 IS/04 «SUNG Ml 13/04 GttUNG 2000 13/04 6UOK mil IS/W GBWH 222*1 11/04 GBWH ***** IS/04 «KM 2145 U/04 GUM 2145
      723 words
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      286 38 hpn EN€ LEI SHIPPING CO PTE UDI I MTIW' 1* kSSlira (It Urn) te UtMUI/UnHM I T a mmnMit VBSa VOT SMETA SMETB KSTMATXM UwSo?7 6/02 10/04 12/04 Uafe <tocoWoS2 9/02 11/04 12/04 Mmn/^gManrio dn»So3 7/02 12/04 12/04 Btom/Uiab«>mt SaorteDl 6/02 13/04 14/04 Dma/tamoc UwSo32 9/02 15/04 15/04 Mono /Wjng
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  • Page 39 Miscellaneous
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      131 39 )■'l FOR 7 AM 12 APR 2002 W* jfl sg"-rt* jf LEGEND: Issued by Meteorological Service Singapore R Thunderstorm A Showers Rain emperature C~/ wind direction and speed in knots Cloudy Day Weather U X Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light
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