The Business Times, 18 July 2002

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Microfilm: NL24512
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES i: htip://business-times asia! com sg SINGAPORE THURSDAY. JULY 18, 2002 MITA (P) 010/03/2002
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  • Article
    Lock icon MARKET SUMMARY
    74 1 □m UmM (-2.55) ST IRDEZ 7T7TUXEB VM (-12.00) nomnmiEB Mi nasi (-1.60) awxmuDrnouB Wednesday Change KLS£00*P 7SU7 4.19 NIKKEI £S _IUMJ8 *46.10 HAW SENG lOJttl J -MJ7 SET INDEX SHU *LTI JAKARTA COMP .471* -Z» MANILA COMP .1.117M -1UI TAIFH WPI UMJS -i7.lt SE011 COMP CM SHENZHEN B
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  • Article
    Lock icon FINANCE
    63 1 FOKEX BATES i«i sa I'SS (SS ptr USS) L7M LS71 1731 ElRO(U»WE). LMt 1.764 YES llfci MJN KM 1M IIW HK4 7J0M 4.484 BABT 40.43 tU 4 Rl'PlAH &M7 S.143 PUKE 14TB SINGAPORE* US KUALA LIMR'R (LM HONG KONG 1126 JAKARTA TAIPEI CJtt TOKYO LS7| SBOtJL ftf FRANKFURT J*
    63 words
  • Article, Illustration
    Lock icon MAS looking into fund to protect the insured
    560 1  -  if exclusive Act provides for fond to be set op to compensate policy-holders should insnrer fail By I Siow Li Sen [SINGAPORE] Holders of insurance policies may be able to look forward to a fund that will compensate them should their insurer
    560 words
  • Article, Illustration
    Lock icon Ho dung's take on PSA's outgoing and new bosses
    366 1  -  Byi Andrea Tan [SINGAPORE] Temasek Holdings executive director Ho Ching yesterday paid tribute to PSA Corp's outgoing executive chairman Yeo Ning Hong, describing him as "very intellectual, very analytical and very driven". But she added: "It's just that in PSA's next
    CHRIS LOH  -  366 words
  • Article
    Lock icon PSA and Hanjin to ink deal next week
    312 1  -  Insiders to talks credit Yeo Ning Hong with deal By< George Joseph [SINGAPORE] PSA Corp and South Korean container line Hanjin Shipping yesterday confirmed that they have "agreed to finalise negotiations to extend their current long-term partnership". Singapore's terminal operator and Hanjin
    312 words
  • Article, Illustration
    Lock icon Cycle & Carriage, Proton may part ways
    524 1  - Cycle Carriage, Proton may part ways pTiexclusTve S'pore group said to be losing money on M'sian marqne Byy Christopher Tan [SINGAPORE] Listed automotive group Cycle Carriage Ltd (CCL) and Malaysian carmaker Proton are re-examining their relationship, and might part ways after more than a decade of co-operation. CCL, which distributes
    524 words
  • Article
    Lock icon Greenspan: Home values soften stock fall
    249 1 Early Dow rally on strong earnings Reuters, Bloomberg. AFP [WASHINGTON] Federal Reserve chairman Alan Greenspan said yesterday that rising home values have "significantly tempered" the negative impact that drops in the stock market are having on consumer spending. "Yes, we' have had a reversal
    Reuters,; Bloomberg.; AFP  -  249 words
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      86 1 IMUDE BizlT Kenneth James: Separating Greenspan's smoke from the water. MO H Intel to cut 4,000 jobs amid poor earnings. BT Comment R Sfvanithy: Taicing stock as US slide continues. Larry Wee: Breather for US$ despite Wall St fall. Top Storfos Capital flow from SEA to China will reyfrrse: SM.
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      Lock icon Page 1 Advertisements Column 2
      23 1 CUT oloaM 3% over offer price, Pg 8 rrrii lessons for glcs Catherine Ong looks at SingTel's Virgin write-oft "HOCK LOCK SIEVV PAGE
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      16 1 Consumer business boosts Citigroup profits, Pg 16 Infectious greed* led to frauds: Greenspan, Pg 16 i
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  • NEXT page
    • Article, Illustration
      Lock icon Capital flow from SEA to China will reverse: SM
      553 2  -  New economic power wiU be major source of FDI and tourists as it becomes affluent By] Loh Hui Yin [SINGAPORE] There will be a reversal of China's role in the region as its economy develops and its people become more affluent,
      STEVEN LEE/ST  -  553 words
    • Article
      Lock icon SSC's plan to merge Changi clubs sails into rough seas
      835 2  -  Unhappy beach dub members not sold on merger's merits by Grace Tan [SINGAPORE] The move to merge the Changi Beach Club and the Changi Sailing Club has run into some resistance. Some members of the beach club are opposing the
      835 words
    • ON THE grapevine
      • Article
        Lock icon Not-so-foreign talent
        217 2 WITH questions being asked about how long foreign talent can survive in Singapore, a list of "Signs that you have lived too long in Singapore" has been circulating via e-mail. Here are some choice items: You think there's nothing wrong with putting chilli sauce on everything you eat.
        217 words
      • Article
        Lock icon Refit your golf set for free
        58 2 IF that driver, 5-iron or just about the whole golf set is out-of-synch with your swing, have it evaluated and re-fltted at Queens Golf Driving Range today. Ping Inc's fitting manager Colin Fields is conducting a complimentary demo and club fitting session at the
        58 words
      • Article
        Lock icon Critical fans
        51 2 HOLLYWOOD star John Travolta's acting ability has rarely been questioned, but now it has endorsement from Richard Branson's Australian carrier Virgin Blue. Its latest ad campaign goes: "John Travolta says 'Qantas is Great'. He's a better actor than we thought." The actor was recently chosen as Qantas' new
        51 words
    • Article
      Lock icon S'pore firm bags job to plan Indian city
      302 2  -  $L4b development is slated to be new capital of Chhattisg&rh By} Vince Chong [SINGAPORE] CPG Consultants, a company under Temasek Holdings, has won an international competition to produce a masterpian for a new $1.4 billion state capital in India. The 5,000-hectare development
      302 words
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      368 2 Seminar GSTRate Increase -Transitional Rules Related Issues 31 July 2002 (Wednesday), 2:oopm to s:lspm The Mandarin Singapore Hotel, Mandarin Court 4* Floor, Mala Tower 333, Orchard Road, Singapore *****7 Are you ready for the GST rate increase? Do you Who Should attend know what the transitions rules arc and how
      368 words
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      Lock icon Page 2 Advertisements Column 2
      30 2 Clarification IN response to our report "Pirelli working against M&A tide to stay independent" (BT, June 26), Pirelli Asia has clarified that the Italian tyre-maker is "not under takeover threat".
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      135 3 A *4 iMM RATEK PHILIPPE tl h H *1 jf flr JH Hg I t jdfl jfl ji k«m JM fl 1 I ■PSt .IH SI a r ■r jhRHb .Jf (1 IS ■f vi JL b |r Jr 4 w lr ijj Hi J| Jw Ir «jiH^ikt ojfl Mk
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  • SINGAPORE companies
    • Article
      Lock icon Keppel T&T's interim profit more than doubles to $17m
      488 4  -  Group expects to stay profitable in H2 bat analysts remain wary Byi Angela Tan KEPPEL Telecommunications Transportation disclosed yesterday that its interim net profit more than doubled to $17 million from $8.2 million—but some analysts remain wary despite management's expectation to
      488 words
    • Article
      Lock icon Keppel group to buy Dutch shipyard
      326 4  -  KepFels to pay l&3m euros for 85% ofVerolmeßotlek By Conrad Raj THE Keppel group is strengthening its global network with its planned acquisition of a shipyard in the Netherlands, its first in Europe. The group announced yesterday that its offshore rig-building division, Keppel FELS
      326 words
    • Article, Illustration
      Lock icon No OCBC takeover, says Jackson Tai
      228 4 Reuters JACKSON Tai, the new chief executive of DBS Group Holdings, brushed aside market speculation yesterday that the statelinked banking giant was closing in on Singapore's smallest lender OCBC Bank. "The reports were well written, but it is very imaginative," Mr Tai told Reuters
      Reuters  -  228 words
    • Article
      Lock icon SingTel's wrong call: some lessons
      878 4  -  lock siew catherine ong SINGTEL recently announced that it was writing off $45 million for a doomed investment in a joint venture with Richard Branson's Virgin group. Other government linked companies (GLCs) can derive a number of lessons from this as they seek to improve
      878 words
    • Article
      Lock icon Hyflux surges on desalination deal hopes
      410 4 Reuters SHARES of Hyflux Ltd surged yesterday, riding on sustained hope that the water treatment firm could win the contract for Singapore's first desalination plant. Hyflux ended 4.24 per cent higher at $1.23 in active volume of more than 2.9 million shares. The broader
      Reuters  -  410 words
    • Article, Illustration
      Lock icon CMT closes 3% over offer price
      712 8  -  CEO hints at mere property trusts to come, indnding overseas assets Byi Andrea Tan EVEN as Capita Land celebrated the debut yesterday of Capita Mall Trust (CMT), which closed 3.1 per cent above its offer price of 96 cents, chief executive officer Liew Mun
      CHRIS LOH  -  712 words
    • Article
      Lock icon IPS wins $12m job, but issues profit warning
      373 8 SESDAQ-LISTED International Press Soft Com (IPS) Ltd, a provider of software manufacturing and supply chain management services to the technology industry, yesterday said that it has won a contract worth over $12 million to supply complete software packages to Microsoft. But IPS
      373 words
    • Article
      Lock icon SALE secures US$116m loan facility
      212 8  -  By Conrad Raj SINGAPORE Aircraft Leasing Enterprise (SALE) has secured a US$ll6 million loan facility for a new *****00 Freighter, bringing the total amount of funds raised by the company since September last year to US$5O4 million. The aircraft was acquired new from Asiana Airlines
      212 words
    • Article
      Lock icon Kim Eng's Thai unit set for IPO, listing by year-end
      579 8 CECh Finn geeks erpangien if trading, investment banking [BANGKOK] Kim Eng Securities (Thailand) Ltd, the country's largest brokerage firm in terms of market share and a unit of Kim Eng Holdings of Singapore, says it plans to launch an initial
      579 words
    • Article
      Lock icon People's Food to place out 80m new shares
      443 8  -  Proceeds will help it acquire sixth plant in China By Serena Ng CHINA-BASED meat producer People's Food Holdings yesterday said it plans to place out 80 million new shares to help it acquire a sixth plant in China. At $1.22 for each
      443 words
    • Article
      Lock icon ING plans Asian stock listing
      478 8 Bloomberg ING Groep NV is seeking to have its shares traded in Asia as the biggest Dutch financial services group aims to bolster its position in the region, where it is the sec-ond-largest international insurer. "From a symbolic standpoint, it's a good idea to be
      Bloomberg  -  478 words
    • COMPANY Briefs
      • Article
        Lock icon TPA in China joint venture
        68 8 Reuters SINGAPORE aviation services company TPA Strategic Holdings Ltd said yesterday It will buy a per cent stake worth USS2J4 million In a joint venture company in China. ChenQtotaaed aircraft component repair firm Sichuan Aota Accessories Repair* Maintenance Oo Ltd (Aota) wffltettHmned by Sichuan Haifce
        Reuters  -  68 words
      • Article
        Lock icon Sats handles more cargo,passengers
        92 8 Bloomberg SINGAPORE Airport Terminal Services Ltd, whose biggest shareholder is Singapore Airlines Ltd, handled more cargo and passengsrs in June than a year ago. The company handled 121.280 tonnes of cargo and mall in June, or 13 per cent more than a year ago. It also
        Bloomberg  -  92 words
      • Article
        Lock icon Chip Eng Seng wiss contract
        76 8 Reuters CONSTRUCTION and property firm Chip Eng Seng Corp Ltd said yesterday that its unit won a contract worth an estimated $84 million to build a condominium complex. The contract was awarded to Chip Eng Seng Contractors (1988) Pte Ltd, a wholly owned subsidiary ofthe
        Reuters  -  76 words
      • Article
        Lock icon $18m drom SembCorp unit
        67 8 Reuters SEMBCORP Industries said yesterday it was returning 113 million of h» minting tmtt> capital its own coffers, after divesting the unifs hen-core businesses. SembCorp said the High Oo«rt approved the reduction in fee issued and ftiOypata* capital of Singapore Precision Industries (8PI)to HSmlllkai from 128
        Reuters  -  67 words
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      78 4 yv The Royal Bank of Scotland pic SMOAPORE MUNCH C; I*SH" > ~t's !>, ->* V *nj*' 4 -""^»^sS^Hb p THE KEY TO YOUR UK PROPERTY FINANCE For further Information, please contact directly: Joyce Tan Tel: (65) 6439 3721 or Email: Joyce.tanOrbot.com Amy Wee Tel: (65) 6439 3739 or E-mail:
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      Lock icon Page 4 Advertisements Column 2
      27 4 This announcement appears as a matter of record only Venture Law llc is pleased to announce that it has commenced business in association with White Case llp
      27 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      262 6 OTHER SINGAPORE INDICES J*17 VALUE CLOSE W WW -97.00 145.00 mem *****.oo -26.00 IT -*****.00 -10,00 425.91 j -1.01 138.89 j +0.48 1397.44 j +5.44 411.56 -3.51 mnnmmm 198.21 0.3s Futurtrtc 10c 90,606.000 Noretoo5c._ 52,250.000 KLW HWgs IOC 33,482,000 Datacraft 10c 20.282.000 CapitaMal 18,756,000 Aspnetoen 2.5c 17.552.000 B1L IntJ US20c
      262 words
    • Article, Illustration
      Lock icon HTL rides on stake sale deal, strong fundamentals
      277 6  -  HOT STOCK/ WARRAMT By Ven Sreenivasan NEVER under-estimate the market's knack for finding cheap value plays even during the most uncertain of times. The latest small cap "find" seems to be sofa maker and leather tanning specialist HTL International. The stock has
      277 words
    • Article, Illustration
      Lock icon Taking stock as US slide continues
      774 6  -  i I comment STOCKS r. sivanithy HOW close is Wall Street to total capitulation? Or is the US market doomed to continue on a long-term downward spiral that could drag on for goodness knows how long? Either way, what are the implications for local
      774 words
    • Article, Illustration
      Lock icon Breather for US$ despite Wall St fall
      568 6  -  BT currencies Greenback's comeback helped by Greenspan's remarks and strong US numbers larry wee THE US dollar enjoyed a long-overdue breather yesterday, despite another dismal Wall Street session overnight and street rumours of a US bank in trouble that reportedly catalysed the euro's
      Source: Reuters  -  568 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    2051 6 UNIT TRUSTS FUNDS ComGloballnfoteclndexFdl" 0.30* Com Global tan Index Fd 0.87/ Com Global Traveilndex Fd 0 70V MM Aare Aaaet Mgl (5>ara) Com S pore BondFwd/* 1.04V Star Europe Eaty!* 0.642/ Star Eirope Bd. 1.061/ Cra* Afrtcata Aaaet M* S pore Ltd Star Europe Bal OM IndoamAda VWonl" *****943 SUr
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      Lock icon Page 7 Advertisements Column 1
      36 7 i Bl y »*4NMIiB9MpM|» ipc ?VwWPlWB>~»r J nri>_ f m^BßßF**'* fcfc,^^^^ Br ..-Tinnwir -t f -^vi^^^^pj^jfljjjjjjjj|B|^jß^HHHHft :>/ B BKhbha H J <» r vvl >"'/ v r ZS*~*~ lZ**:\ r m ~y 1/*>X r ~l-*.' e '"''"<%s' "^->*-*'? M '**jfet
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  • Page 8 Advertisements
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      525 8 ACMALTD (Incorporated in die Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting CEGM") of Ac ma Ltd (the -Company') will be held at 17 Jurong Port Road. 200(2 at 3.30 pm for the purpcaetf considering and. tf thought fit, passing wife
      525 words
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      149 8 UMWHUM ICS BUILDING OFFICE/SHOWROOM SPACE FOR LEASE Immediate occupation Various sizes available from 958 sq ft Attractive rentals Minutes walk to Tanjong Pagar and Raffles Place MRT Call Sole Marketing Agent CB Richard Ellis Commercial Leasing Tel: 8224 8181 In Itw moMar of tfw Campania* Act, Cap. SO And In
      149 words
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      Lock icon Page 8 Advertisements Column 3
      306 8 INTERNATIONAL PRESS SOFTCOM LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING "9™* CIVO! jhat the Extraordinary General Meeting of the Company will be held at (jfrtywx Kgpml 2. Infcmatxpnjl Prp» Bufld.ng. jbicX ng *****7 on 2~ August 2002 at 10.00 a m far the p..mr~ d
      306 words
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  • SINGAPORE news
    • Article, Illustration
      Lock icon Pinetree extends period of fund-raising
      818 9  -  Two more weeks for members to take up shares in acquisition firm Byy Ven Sreenivasan LACKLUSTRE member response has forced a pro-tem committee of Pinetree Club members to extend by two weeks a fund-raising exercise that will form part of its bid to buy the
      ARTHUR LEE  -  818 words
    • Article
      Lock icon Parkway Centre commercial units up for sale; 4 sold so far
      325 9  -  By' Vince Chong COMMERCIAL space at Parkway Centre, next to Parkway Parade shopping centre in Marine Parade, has been put up for sale. The development has been leased out since its completion in the 80s. Four separate units have
      325 words
    • Article
      Lock icon Belmond Green could be released soon
      237 9  -  By} Vince Chong CAPITALAND could release its Belmond Green freehold project on Balmoral Road within the next two weekends, say market watchers. The 212-unit upmarket project is on a 182,760 sq ft freehold plot and is one of the property giant's launchready offerings this
      237 words
    • Article
      Lock icon Car COE prices down to February levels
      329 9  -  By Christopher Tan DESPITE a pick-up in showroom activity over the weekend, COE prices for the latest tender fell to their lowest level since the open bidding system went into full swing four months ago. In fact, car COEs are back to where
      329 words
    • Article, Illustration
      Lock icon S'pore studies more energy diversification options
      522 11  -  Feasibility report on the alternatives may be ready soon: minirinr By' Tang Weng Fai SINGAPORE is evaluating the possibility of further diversifying its energy options, to sources like oil emulsion and liquefied natural gas, said Minister of State for Trade Industry Raymond Lim yesterday.
      522 words
    • Article, Illustration
      Lock icon Export dip signals tenuous recovery
      438 11  -  H don the economy trade —By* Anna Teo THE unexpected dip in June's trade figures is "a reminder (that) things are still tough going", says Forecast Ltd. It forecasts-fhat non-oil domestic exports (NODX) will jMrarjost 0.8 per cent this year far from tha yswftgevised official
      Source: Forecast Ltd  -  438 words
  • Article, Illustration
    Lock icon FINANCE
    909 9 Transaction date: Jul 17 IMTHUAnOUMBBATBS j fm wm m m Nfci NO w m IM ggji m 0090i 45M 0548 436 26.966 49.466 0.643 6423 2J01 LM6 422M 27J59 0*2 5.600 0J04 828 "no 0252 Jjj" W* W MM 73M 1-471 L347 MM 32.760 U31 62M 0.945 ***** *****
    909 words
  • Page 9 Advertisements
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      527 9 IN THE MATTER OT THC COMPANIES ACT, CAP. 50 UANG YET INVESTMENT PRIVATE LIMITED (In Voluntary liquidation) Alan Emroordnary Gonorai Mooting of Rio mombort ol UANO YET INVESTMENT PRIVATE UMITEO duly comonod and hold <*6001 Boacti toad ***** Gaidan Mlo Twmf, Singapore *****9 on Rio 12 day ft 3002. iho
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      264 9 IN THE MATTER OF THE COMMMES AC% CAP. 50 AND M THE MATTER OF MWMNBETBfTHnMO UV jkiMalMyUfiMa) At an Exfeaordraty General Mealing of Sngapore MM Huabandry Entorpnees Ud duly Mat taigang Comity CIA. 35 Hougang Avenue 3 Sngapore *****0 on 10 .My *****» UkMg reaoiutone ware dißy pasaed Thai to
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      410 9 IN THf MATTE* Of THE COMMMES ACT ICHAPTER SOI ANO IN THE MATTER OT FORTUNA CONTAINER TRANSPORTATION SERVICES PTE LTD (IN CREOnORS' VOLUNTARY UQLHOATION) berod af M mmom ot M Eakaontoary G«»»»al Miiiiiy of of lirlw Cantainar Trampartalian Sarvice* Me ltd COMBRBd <wi hsid at SMMOft JO Cad Street f
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      499 9 THE COMPANIES ACT,(CAP 50) SHINE CHEN INTERNATIONAL PTE LTD (In Vol Liquidation) ■OTICf It MERRY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 20th day of August 2002 to send in their names and addresses with particulars of
      499 words
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  • EXECUTIVE suite
    • Article
      Lock icon Prime properties for the picking in auction sales
      345 10  -  the block Those with $400,000-$500,000 to spare may land attractive deals, amdrba tax finds out ANDREA TAN ASEMI D E TACHED house covering more than 4,230 sq ft in the prime District 21's Mayfair Park is up for grabs for just $400,000
      345 words
    • Article, Illustration
      Lock icon In search of greener pasture
      651 10  -  ■JJll.^l^lUloc, 1 By Thien WINDOW-shopping for us doesn't mean going to Orchard Road or Suntec City. More often than not, it's to far-flung corners here like Lim Chu Kang or Bah Soon Pah, or even across the Causeway. Wifey and I often return "high" from
      THIEN  -  651 words
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      486 10 of yijf"School of Financial Services Ofllvl Risk Management has moved. We are hosting 2 FORUMS at our new premise 26Ja1200Z fritay .Ipmipm by Associate Professor TaofkeeQap Institute of Policy Studies, Singapore Ssoi ASEAN fronomles Monitoring Nanyang Business School Nanyang Technological University Review of the principles, strategies and qnechanism governing surplus
      486 words
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      119 10 CA.T.S. Buy It. Sell It. Find It. Compact design with very km headroom hoist available today ideal for M 4 to M 6 application, deliver 50* ED with en M 4 IHe Rugged. reliable and simple to maintain Upper and lower HmK switches Advance condition monitoring Low voltage control circuit
      119 words
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      186 10 for o*w 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 British Virgin Islands Mauritius HHR Cayman Islands Hongkong p« Bahamas Samoa Wm* Full nominee, management, corporate secretarial, banking and
      186 words
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      33 10 "Fantastic value! I can enjoy SOiadS, ice Cream, local desserts*. tausuanpim fresh fruit fcronty 'SmSTMSSSIS* weseern oeugrw rrom >© *ABprtc«~* T«t 6343 00M 6343 0033 Horn. ".UUOo.c^ WINDSOR (~~J L* Ho B* Pu LU)
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      81 10 I Relgna International Invaatmant Ltd I I 8 Temasek Boulevard Suntec Ctty Tower 3 #27-02 Singapore *****8 1 Tel: 65-*****397 Fax: 65-*****833 1 Email: InveatOralana.com.«9 M WALK IN PRESENTATION: 5.00pm (Mon-Sat) Exotic Sri Lanka A Spicy ThriD 25 july 4 August2oo2 Catch Sri Lankan chefe in action and creative craftsmen
      81 words
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      305 11 IN THI MATTER Of THE COMPANIES ACT, CHAPTER SO AND IN THI MATTER Of PRIMA TECH-PARK PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Mmlm of the Members of Prima TwWIA ft* Ltd duly convened and held at 20 Cadi Sir—l#l202 A 03 Singopo re Exchange Singapore 04*705
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      0 11
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      118 11 f['' 1 f'-jr Pqf i» Lflotoutfoi ComceomiiitiiM. Atftonlnlamaltonal erf OanmartilAatalPla Ltd •SaaChanaHtongt*«iCh Mg *«w^,il» ft 1 «CZZI I **dorton Analy** tne (SEA) P»a Ltd Famwooo Famaia Fltnaaa Cmii Franehiaa fnaltnna Pta LM I Klndwlwd Educara Swvkm Pta Ltd PaptMw'i Prima Food Pla Ltd Aoaatari Asia Pacific (M) Sdn Bhd ftiiiiiian
      118 words
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Exactly who is benefiting from 'reform'?
      760 12  -  irrm bottom line OPINION robert samuelson MARK Twain once said: "Nothing so needs reforming as other people's habits." Nothing now so needs reforming as "reform" itself. Every* campaign for reform tends to exaggerate the evils it seeks to correct Public opinion must not only
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    • Article
      Lock icon IN OTHER WORDS
      60 12 'Don't talk about the stock market We can't know if productivity growth is sustainable. If he persists in talking about these things, hell just end up looking stupid.' -HfyWWhwra an economist at Barclays Capital Group, on Federal Reserve chairman Alan Greenspan, who devoted half his testimony on
      60 words
    • Article
      Lock icon Taking the CPF back to basics
      677 12 EDITORIAL THE right way to view the recent proposals on CPF reform by an Economic Review subcommittee is that it's the start of a gradual process to remould the CPF system —into a shape resembling more closely its original form that focuses primarily on
      677 words
    • Article, Illustration
      Lock icon Will reclaimed water wash with the people?
      1048 12  -  NEWater has been used for drinking purposes in the US for over 20 years. It could well find its way soon to taps in Singapore households too Byi Chuang Peck Ming The writer is a BT senior correspondent WITH an international panel of
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    • Article
      Lock icon Why can't COE rules be changed if CPF's can?
      254 12  -  I u m 1 s bag Denis Distant Singapore IT is incongruous that the rules relating to CPF, which affects every working Singaporean's present and future, can be changed whenever deemed necessary even to the extent of a 4 per cent
      254 words
    • Article
      Lock icon Do more to stop water wastage
      175 12  -  John Tan Chor Yong Singapore I AM worried about our future water supply. While trying to educate the public to accept "reclaimed water", the authorities should also launch a campaign to stop people wasting water. For instance, many maids and householders, for that matter
      175 words
    • Article
      Lock icon DBS'elite-ATM plan may create class divide
      136 12  -  Gerald Ang Joo Huat Singapore IS introducing dedicated ATMs for DBS customers with investable assets of $200,000 or more a good idea? ("DBS keeps its eye on priority customers" (BT, July 17). Let us examine the economics of maintaining those dedicated ATMs. As pointed
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      69 12 We welcome letters. E-maß us at btietterOsplLconiag or fax us at 6319-8277, or write to: The Business Times, SPH HQ, 70OO7b« Payoh North, Podium Level 3, Singapore *****4. We need your fuM name, address and telephone number, so we can verify It came from you. Pteaae use temperate language, and
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  • REGIONAL news
    • Article
      Lock icon Straits Trading to trim stake in Tronoh Mines
      346 13  -  Firm and 2 shareholders, MMC and Zelan, will each place ont 5.5 m Tronoh shares From] Eddie Toh in Kuala Lumpur THE Straits Trading Company of Singapore is set to whittle down its stake in one of the listed vehicles of Malaysian
      346 words
    • NOTE Book
      • Article
        Lock icon UEM mulls Time dotCom stake sale
        73 13 Reuters [KUALA LUMPUR] Malaysia's United Engineers (UEM) said yesterday it was considering either to sell its stake in Time dot Com or merge it with another telecom firm. "We are looking at a possible divestment but there's also another option which is to merge
        Reuters  -  73 words
      • Article
        Lock icon Hugo Thai issue sold out in 3 days
        72 13 Reuters [BANGKOK] A 305 billion baht (5113.1 billion) government savings bond issue to help foot the bill for bailing out banks during the Asian financial crisis has been sold out after just three days, officials said yesterday. The central bank said the
        Reuters  -  72 words
      • Article
        Lock icon Baht put on'managed float'
        101 13 Reuters [BANGKOK] Bank of Thailand governor Pridiyathorn Devakula said yesterday the central bank had put the baht on a "managed float" to ease its volatility amid market talk it had intervened to slow the currency's sharp gains. Mr Pridiyaoiorn did not confirm the bank had intervened
        Reuters  -  101 words
      • Article
        Lock icon Tom.com eyeing ATV majority stake?
        73 13 Reuters 51 "[HONG KONG] Li Ka-shing*s media arm Tom.com Ltd, which last week said it would buy a 32.75 per cent stake in Hong Kong's number-two broadcaster Asia Television, said it intends to elevate the station's performance and would consider taking a controlling stake. "We
        Reuters  -  73 words
      • Article
        Lock icon Taiwan ruling on loan syndicates
        75 13 Bloomberg 11 Air raj Taiwan said it will allow the island's banks to join loan syndicates that include institutions from mainland China. Taiwan lenders will be allowed to take part in syndicates to arrange loans for non-China entities, so long as the bank heading the
        Bloomberg  -  75 words
    • Article, Illustration
      Lock icon Plus fights oft Wall St blues on trading debut
      368 13  -  Counter closes &5% up after gaining as much as 20% From\ Diana Oon Abdullah in Kuala Lumpur TOLL road operator Plus Expressways Bhd which launched Malaysia's sec-ond-largest IPO yesterday managed to gain 8.5 per cent to close at RM2.49, despite making
      AP  -  368 words
    • Article
      Lock icon China needs elected leaders, says professor
      479 13  -  Bi Loh Hui Yin DEVISING a system of electing its political leaders will bolster their legitimacy and inject an element erf democracy into China's political system, said an academic and long-time China watcher. Professor Roderick MacFarquhar said "there is no certainty, no stability in
      479 words
    • Article
      Lock icon Keen bidding at Ibra's US$20b loans sale
      590 14  -  Bat most offers are between 20-30 cents to the dollar, say market players From Shoeb Kagda in Jakarta ASIA'S largest ever loan sales programme got underway yesterday as the Indonesian Bank Restructuring Agency (Ibra) closed the bidding for the sale of US$2O billion
      590 words
    • Article, Illustration
      Lock icon Taxmen raid 23 Xerox's offices in India
      317 14 NEW DELHI INDIA'S income tax department yesterday raided the offices of US-based Xerox Corp's Indian subsidiary, Xerox Modicorp, company officials said. "The taxmen arrived early this morning (Wednesday) and have been sifting through the documents and files kept by our accounts and finance
      317 words
  • Article
    Lock icon COMMODITIES
    1348 13 SIOOll HTTQ1B8 Jul 17 RMKXMMKCMmricat) >P8ffScM*A# dm ValHH Obm W|l Uw |<tt ft—» Mtmt MLOO Sf- ss «W« 145.75 Kg 3 («amtsAf) Vttaaa ftpin P "^Jsi «5 M zs Sm *»»02 02.25 IU0 81.50 225 2075 ftltm Om s«n <tMM SS 8175 mo Od M MO M ftK 160
    1,348 words
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  • Article
    Lock icon STOCKS ASIA
    4037 14 Transaction date: Jul 17 for more, go to iimwasiaonenrnarketsxom HONGKONG HyianDav 735 -010 (IS JW Interchma Hldgs 0J3 0X12 1865 *8 1 w Inf I Bank of Am 1.94 -0.03 583 on? ixS *%Hollinqa <> MP 410 *26 A%£ZuvX£cin'' "25 Ha J?I2 *»ngsu Express M 2.00 -0.03 2605
    4,037 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      149 14 If I It I -< g Office units with sizes from 624 sq ft to 9234 sq ft I Easy access to Central Business District and the S Katong Parkway Parade, Community Übrary and pubffc Sh^p pm9 Ct CO*^ Kaiong transportation just nearby Square Comprehensive frre safety features and 24
      149 words
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  • REGION world
    • Article
      Lock icon Sharp to triple revenues from China output
      442 15  -  Trend is for Japanese manufacturers to move high-tech production to China From Anthony Rowley in Tokyo REFLECTING an increasing trend by Japanese manufacturers to undertake relatively high-technology production in China, giant electronics group Sharp Corporation said yesterday that it aims to triple its
      442 words
    • Article
      Lock icon BOJ upgrades economic assessment
      272 15 #TOKYO Reuters THE Bank of Japan upgraded its economic assessment for a fifth straight month yesterday, defying concern that the yen's rise could derail the nation's ex-port-led recovery. Citing strong exports and output, as well as improving corporate earnings and sentiment, the central bank revised its
      Reuters  -  272 words
    • Article, Illustration
      Lock icon British municipal staff stage one-day strike
      379 15 LONDON First such action since 1978 is to iaml higher pay than 3% rise offered AP, AFP MORE than 1.2 million municipal employees went on strike in Britain yesterday, closing schools, libraries, museums and leisure centres in their first such national walkout since 1978.
      AP,; AFP; REUTERS  -  379 words
    • Article, Illustration
      Lock icon WEF to stress socially responsible leadership
      412 15  -  lahrufagMtewi cwymiiMfchii US, Europe By Vikram Khanna [SINGAPORE] Amid the wave of corporate scandals and the backlash against high-profile CEOs now sweeping the US and Europe, the world's premier forum for business leaders—the World Economic Forum (WEF) is rebranding itself by putting more emphasis
      CHRIS LOH  -  412 words
  • Article
    Lock icon KLSE
    1993 15 Transaction date: Jul 17 KUALA LUMPUR FraaeriNeeve MO inch 20 Ml R«M 3-0» -0.00 S m W- root) FWmdwtries 438 -0.01 5 Gadang 131 inch 7 AIM Realty t oe 0 03 72 Gamudi 6.00 -0 05 427 Abric, 1.54 -0.03 3$ GanadCctp 140 -ttlt 2 ACP Inckistries j.
    1,993 words
  • Article
    Lock icon SGX
    461 15 Transaction date: Jul 17 mm Omm rn*mm m am a—» fWO 0M U» SfPH 11 12 2* tt 1-47 199 QUI iJ| 7.M 429 J* *J» MM»H& «J7 UK 2S** TJfc nmt m k 041 If* 2" 1 a* M* IJ2 12 JM «M 2?»flW* Uf IM -040S SMRTIOC
    461 words
  • Article
    Lock icon BONDS & WARRANTS
    550 15 BONDS WARRANTS tat MCm tam *5k *S5 c Ml WMi %tamlm kd> AST1W*****1 MS 1 16 10 151 23 Acme 1*1******6 2 1 50 470 450 20 Anmk WOSOfcIO MS 1 795 1 33 4 1JO 35 Amwrong WO«(KjO 15 mtl Ml 10 92 4 00 22 OerOHSAMOOOl Kft MS
    550 words
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  • WORLD news
    • WORLD Watch
      • Article
        Lock icon Ford posts US$570m Q2 profit
        81 16 Bloomberg [DEARBORN, Michigan] Ford Motor Co had second quarter net income of US$57O million, ending a streak of its four quarterly losses. The profit of 29 cents a share compared with a loss of US$752 million, or 42 cents, a year earlier, when Ford spent
        Bloomberg  -  81 words
      • Article
        Lock icon Cooa-Cola Q2 net rises 15%
        69 16 Bloomberg [ATLANTA] Coca-Cola Co said second quarter profit rose 15 per cent, tod by higher sales in North America, the company's largest market, and Asia. Net income increased to US$l.29 billion, or 52 cents a share, from US$l.l2 billion, or 45 cents, in the year-earlier
        Bloomberg  -  69 words
      • Article
        Lock icon Boeing profit down on reduced orders
        82 16 Reuters [CHICAGO] Boeing Co yesterday said quarterly profits fell 7 per cent, to US$779 million, from US$B4O million as the plane maker grappled with declining orders from airlines. Excluding a one-time gain, Boeing earned US$75l million, or 92 cents a share, in the second
        Reuters  -  82 words
      • Article
        Lock icon PwC to pay US$5m to settle charges
        63 16 Reuters [WASHINGTON] PrlcewaterhouseCoopers agreed to pay US$5 million to settle charges of improper accounting and independence standards violations, federal regulators said yesterday. Pricewaterhouse allegedly violated auditor independence rules by providing financial advisory services to audit clients for a fee that depended on the
        Reuters  -  63 words
      • Article
        Lock icon Fewer idle days for Japan chip plants
        84 16 Bloomberg [TOKYO] Toshiba Corp and Hitachi Ltd will halt output at their semiconductor plants for fewer days than last year during Japan's August vacation because afa rebound in chip demand. Toshiba will cease production for a combined six days at plants in Mie
        Bloomberg  -  84 words
    • Article
      Lock icon Consumer business boosts Citigroup profits
      391 16 NEW YORK Q2 gun* op 15% despite dwindling stock-related revenues Reuters, AP CITIGROUP Inc, the No 1 US financial services firm, yesterday posted a 15 per cent rise in quarterly profits, as growth in consumer lending and bonds businesses offset dwindling stock market-related revenues. The
      Reuters,; AP  -  391 words
    • Article
      Lock icon JP Morgan Chase reports doubling of Q2 profits
      234 16 NEW YORK Bloomberg JP Morgan Chase Co, the second-biggest US bank, said second-quarter profit more than doubled as mortgage lending and creditcard revenue rose. The rise was less than expected because trading and investment banking declined. The bank's net income rose to
      Bloomberg  -  234 words
    • Article, Illustration
      Lock icon 'Infectious greed' led to frauds: Greenspan
      452 16 NYT [WASHINOTONI "Infectious greed." The man who gave us "irrational exuberance" is hack, with a phrase that sums up the late 1980s even better than that one did. "An infectious greed teemed to grip much of our business community," Federal Reserve chairman Alan Greenspan
      NYT; AP  -  452 words
    • Article
      Lock icon US housing starts down 3.6% in June
      421 16 LATEST US INDICATORS But permits, the indicator of fntnre activity, rises 1.4% Reuters, AP [WASHINGTON] US housing starts fell 3.6 per cent in June, the Commerce Department said yesterday, as building activity fell slightly short of expectations after a surge in May. Ground
      Reuters,; AP  -  421 words
    • Article
      Lock icon House GOP to challenge audit reform
      303 16 WASHINGTON LAT-WP HOUSE GOP leaders, risking a backlash from a disgruntled public and even some of their own members, will fight several of the Senate's proposed restrictions on fraudulent accounting practices, key legislators said on Tuesday. One day after the Senate unanimously passed a
      LAT-WP  -  303 words
    • Article
      Lock icon Who is next after Deutsche Telekom's Ron Sommer's exit?
      427 17 BONN He is the 3rd European telco CEO to fell after piles of debt and losses Bloomberg, AFP RON Sommer became the third top European phone executive on Tuesday to lose his job after soaring debt, mounting losses and slumping shares
      Bloomberg,; AFP  -  427 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      563 16 I Keppel Telecommunications Transportation Ltd (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2002 The Directors of Keppel Telecommunications Transportation Ltd advise the following results of the Company and of the Group for the first six months ended 30 June 2002. These
      563 words
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  • Article
    Lock icon SGX MAINBOARD
    3243 17 Transaction dale: Jul 17 for live prices, log on to iimnvxisiaonernarketsxcn *2. M. MbVU M K. MM*( ie» film w- fM> u» M» Cw m >3 w5 ABNAmroNLGSfc 9 12 u ,1 205 IS c ACE Dynamks20c 13 13 15 47 8 1 217 12.1 14 245 1UcAEM&erte<h5c
    3,243 words
  • Article
    Lock icon SGX XTRANET
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    45 words
  • Article
    Lock icon SGX SESDAQ
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    1,119 words
  • Article
    Lock icon CLOB INTERNATIONAL
    203 17 Ufl M Bar IIQilli Mb M* CrTW Nat mem Ut. Cawpaay Hah W- to u» layar 5aN» Cm wt >3 W n AVJanrangiA2ScA WO -5 27 101 100 100 101 40 3.4 10 5.1 215J 720 26$ 2.1 7.4 6 M3U Owwg KongSOc HK 1700 240 6J 6.7
    203 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      200 17 rraj CROSSWORD 29 Gam^ requiring a key (4) n FtogukrctoAMoadysot. YESTERDAY'SSOLUTION minirtßiMi (10) 8 otg aotfler a more earthy Across: 1 Grandchild, 9 Tuna, DOWN U ffSßSXStifc-B* 10 Castigates. 11 Pickle, 12 B»1 Vehicle reverse in an en soundhea sects, 15 Galatea, 16 Entry, 17 d^a^Tw 0 16 Thebasfcf necessity
      200 words
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  • BIZIT
    • Article
      Lock icon New computer system for FBI won't be up till '04
      295 18 Corrait system doesn't allow field offices to share info Bloomberg [WASHINGTON] A modernised FBI (Federal Bureau of Investigation) computer system that links field offices nationwide will not be operational until 2004, though the FBI has received US$223 million in additional
      Bloomberg  -  295 words
    • Article
      Lock icon Media firms get order blocking pop-up ads
      225 18 Bloomberg [ALEXANDRIA, Virginia] Washington Post Co, New York Times Co and other media companies have convinced a federal judge to order an Internet advertising company to stop putting pop-up ads on their websites without permission. The newspapers accused Gator Corp of being "essentially
      Bloomberg  -  225 words
    • Article, Illustration
      Lock icon OFDM may overtake GSM, CDMA one day?
      336 18 It offers faster download speeds for mobile phones, but there are cost concerns Reuters [NEW YORK] A technology with a tonguetwisting name may one day turn the wireless industry on its ear, offering the potential of speeds 10 times faster than standards that
      Reuters; FILE PHOTO  -  336 words
    • Article
      Lock icon Microsoft plans to revamp, offer MSN browser for subscription
      249 18 Reuters [SEATTLE] Microsoft Corp said on Tuesday it will launch later this year a new version of its MSN Web browser and for the first time, charge users who don't also subscribe to its Internet access services. The beefed-up browser called
      Reuters  -  249 words
    • Article
      Lock icon Microsoft to release entertainment-friendly edition of WinXP
      218 18 Reuters [SEATTLE] Forget the keyboard and the mouse what the newest edition of Windows XP really needs is a common household gadget, the remote control. Microsoft Corp announced on Tuesday an addition to its flagship WinXP series of operating systems, which aims to
      Reuters  -  218 words
    • Article
      Lock icon Motorola posts its biggest Q2 net loss
      404 19 Loss due to restnicturing charge, otherwise it beats analysts' expectations Reuters [CHICAGO] Motorola Inc on Tuesday posted its biggest net loss in company history, but before its restructuring charge the world's second-largest mobile telephone maker topped analysts' expectations. Including a previously disclosed US$3.4
      Reuters  -  404 words
    • Article
      Lock icon Intel to cut 4,000 jobs amid poor earnings
      605 19  -  It posts USs446m Q2 net, down 52% from Ql but up 127% from Q2 last year By. Alex Pham LAT-WP [SAN FRANCISCO] Intel Corp, still reeling from one of the chip industry's worst downturns, on Tuesday posted anaemic earnings and announced it
      LAT-WP  -  605 words
    • Article, Illustration
      Lock icon Barrett bets on communications chips for boost
      328 19 Bloomberg [SANTA CLARA, California] Intel's chief executive officer Craig Barrett, who in the past year has admitted defeat in new businesses from digital cameras to managing Internet sites, is holding on to one last bet. He is staking the future of the company
      Bloomberg  -  328 words
    • Article
      Lock icon Apple suffers 48% drop in Q3 profit issues warning
      343 19 Current quarter could see a net less u it takes charge for layofb which could rise Reuters [SAN FRANCISCO] Apple Computer Inc on Tuesday reported a 48 per cent slide in Q3 earnings and issued a cautious outlook for the current
      Reuters  -  343 words
    • Article
      Lock icon NTT Comm to expand voice-operated service
      176 19 Dow Jones Newswires rKWYO] NTT Oommunkatkms Corp will expand a ssrvioe that enables ussre to obtain information on the Internet by issuing voice commands over the phone, reported The Nikkei BustnasDaify yesterday, citing company sources. The service works by having users call a special
      Dow Jones Newswires  -  176 words
    • Article
      Lock icon i2 Tech axes 30% of staff, narrows Q2 loss
      303 19 AP [DALLAS] In the latest blow to Dallas' battered technology sector, 12 Technologies Inc said it would lay off 1,400 employees about 30 per cent of its workforce because of a deep slump in software sales. Chairman and chief executive officer
      AP  -  303 words
    • Article, Illustration
      Lock icon Speech recognition software catching on
      610 20  -  Jlexclusive Seven out of 100 large firms surveyed use it now, while 11 are planning to in the next 12 months, reports CHUA BUI MDC CHUA HUI MIN THE nascent market for speech recognition software in Singapore may double next year as companies on the
      CHRIS LOH  -  610 words
    • Article, Illustration
      Lock icon Separating Greenspan's smoke front the water
      603 20  -  comment INFOTECH Tte Mew Economy Is real, and corporate scandals shouldn't distract from its huge potential kenneth james FINALLY the oracle has spoken. And like smoke on the water, Alan Greenspan's criticism of corporate malfeasance immediately catches the attention —but it is his pronouncements
      603 words
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      Lock icon Page 19 Advertisements Column 1
      26 19 1- <~m 1 S-, s f Keep warm. Keep away blisters. Keep playing. Whatever your needs. rely on Lianhe Zaobao Classified to meet them. P -J'
      26 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      100 19 Finally... A Retail Management System that's really complete! Retailigence is designed as an end to end system. ST Point of Sale, Back Office and Accounting are seamlessly <2> linked -No integration required. «r You don't need the hassle integrating and supporting (Jf different software from multiple vendors. They usually (g)
      100 words
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      Lock icon Page 19 Advertisements Column 3
      12 19 SMAW-ROKY SALES (SINGAPORE) PTE LTD 138 Rotocwon Road *21 -00 Th« Gorponte
      12 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      151 20 »tF nßiiii^^EßHS JBbT ?3* 11 j^j^^^VAV fIR V« w^j| ift t Jf 14VI I'l h LJf Oh I*^l Actual cW^size at least 25 times smaller/ J§ HI '^f' ■''v-ji-> j. m|"'•! n ,mm K *ji t vj^^sitit Rw™Jß You're looking at the Mu (fx)-chip, the smallest chip** on the planet.
      151 words
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      Lock icon Page 20 Advertisements Column 2
      8 20 NTT Goran to expand voice-operated service, Pg 19
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FRHIGHT
      141 21 Reuters (SDDahed four points to JKSroajftoiSoßHl) fell 16 points to 7,491 and the Baltic Capesize Index (BCI) was down four via South Australia plus United Arab Emirates redelivery pasting ♦Nyon (built 1900) V 73,035 dwt 14 on 31 August 1/101 option 1 years trading redelivery nnateiy daily option
      Reuters  -  141 words
    • Article
      Lock icon MARITIME STOCKS
      62 21 J S«n» Marin* 1.06 uncft 0 •HMMCMNLOH -0.03 1« ss s? 5E553E3 J.78 MUC f«r»*qn 7-30 0.05 330 jjgyyiil 2J2 -001 T n:HMIM O.M -OCT 24 aswryss s IMMUM U0 INCH 0 «m o hpwW UTO -&04 MM a?ca?!==iJ5 a 32 S 8 tfcywliw mi «M 0 ®il§S
      62 words
    • Article, Illustration
      Lock icon HK shipowners plan war risk insurance club mutual
      497 21  -  Fund will initially be restricted to HE Shipowners Association members By Beth Jinks [SINGAPORE] Insurance premium hikes have led jjr Hong Kong shipowners to plan a new industry-fancied war risk insurance club mutual to offset skyrocketing costs. Touted by the Hong Kong
      FILE PHOTO  -  497 words
    • Article, Illustration
      Lock icon SembCorp units finish $50m job
      150 21 [SINGAPORE] Two units ofSembCorp Industries have just completed a $50-million conversion job for a floating, production, storage and offloading (FPSO) vessel belonging to Nigeria's Shell Petroleum Development Company. SembCorp's oil and gas subsidiary, SMOE, and shiprepair unit, Sembawang Shipyard jointly completed the fabrication and integration
      150 words
    • Article
      Lock icon Australia bans some cattle shipments
      272 21 AFP [SYDNEY] The Australian government yesterday banned the export of some breeds of cattle from southern Australian ports after the death of nearly 900 animals on a ship heading to the Middle East. Agriculture Minister Warren Truss ordered the halt of shipments to the Arabian
      AFP  -  272 words
    • Article
      Lock icon New box terminal to be built at Shekou
      267 21  -  By Beth Jinks [SINGAPORE] Strong China volume growth has prompted the expansion of container handling capacity at Shenzen's Shekou Industrial Zone. A new container terminal will be developed in a joint venture between P&O Ports, Modern Terminals, Swire Pacific Ltd and China
      267 words
    • Article
      Lock icon Klang signs sister port pact with Chilean port
      355 21 M'sian port hopes to promote trade with San Antonio Bernama [KUALA LUMPUR] MalayI sia's Port Klang Authority (PKA) entered a "sister port" agreement with the Chilean port of San Antonio, in an effort to develop commercial traffic between the two ports. According
      Bernama  -  355 words
    • Article
      Lock icon Kwai Chung's June container traffic up
      102 21 Reuters [HONG KONGI Container traffic at Hong Kong's Kwai Chung terminals, the main facility in the world's busiest container port, surged 9.4 per cent in June from a year ago, Hong Kong's Port and Maritime Board said. The terminals in Kwai Chung handled one
      Reuters  -  102 words
    • SCI privatisation
      • Article, Illustration
        Lock icon On the slow boat to privatisation
        741 22  -  Foreign investors, unhappy with restrictions they face in bidding for a stake in Shipping Corp of India, have pulled out of the race, reports s mmimwim S MURALIDHAR [MUMBAI] PRIVATISATION of India's largest shipping company, Shipping Corporation of India (SCI), has suffered a setback
        FILE PHOTO  -  741 words
    • Article
      Lock icon SHIPPING SCHEDULES INDEX
      117 22 PA6C FoonqSun 5 BSA Fi#tr«K 6 rtang Mas 6 Gwnrtms 4 CtUCCM 3 HMfN 4 COSCO 3 4 CoMms 5 HmrtA 3 ChMEI 4 WSI 5 CNnaSftpf 5 HmHmi 9 C Cougar 5 Kyowi 6 t CVTOoMM KMTC 3 ohms 4 Liner 4 Donqnam 3 UhrHvtoc 2
      117 words
    • Article
      Lock icon SHIPPING GUIDE
      11279 26 THEBU sinesstimes EXPORT ETA ETA A**rtis*r Vnul Voyag. Trtaphon* ETA ETA Adv*rtls*r VMM* Voya«* TctMtaM SL_BS£»—ggg. "W* M—r IMk SM Dnt'n n*m Not* Numtwr Numbr To APIA (APW) 2022 Samoa To ABIDJAN (ABJ) 2003 Cot* D'I voir* 25/07 MAX CoiwnOus PfcO NEDLLOYD LYTTE I5S (*****3522 23/07 woe Dtfmas
      11,279 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        400 29 VoyMo B*rth Arrival tepvturt Jra|M IATSWAT ER22I «I73 JQ2 «/07/2009:30 ■/07/20tfc30 ■THARAPANJ ***** JOI «/07/2008:00 «/07/20»*00 IIHCRYAM ***** JOI B/07/2O0WO «A)7/20B:30 I! MO PUT** ***** JOI «/07/200W0 «/07/2015:00 •T IARSAM1 03JM.-02 JOI «/07/20tt00 «/07/2023fl0 •T PUTRA UN JUI B JOI «A)7/20ttOO «/07/2023tf0 11 ***** JOI M/07/70I300 18/07/2020::00 W
        400 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1391 29 CONTAINERS TERMINAL AND VESSEL SCHEPIM Fg V«M*i Out hi UtHmt Om- ttf* v °y*9* ■•/•f* bertntng Mmpr 0 1 AOBTW ACTUM awawm juBpuBoa B *tx 1MW* Bcs* an* nunasca Maa wgggjM| *c* VIOLET KB (MB 21« 7/7007 ISttT 12M1tBUitW 8 w>* ww twioaBMfg) HcaaannTg) m e AMa i
        1,391 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        167 29 Mao Japan: Marine Day M2l Belgium: Belgian Nat Day Aa* 1 Switzerland: National Day Am« UK: Bank Holiday (Scot) Aag* Singapore: National Day A* 12 Thailand: Queen s Birthday Aaf IS Belgian: Assumption Day France: Assumption Day Italy: Assumption Day South Korea: Liberation Day Jkmg 17 Indonesia: Independ
        167 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        765 29 THIS report compiled by Cockett Marine Oil Ltd. shows price ranees In US dollars instead of single prices for a more comprehensive description of the market. Prices shown are baaed on averagesized stem. Market movements are indicated. Hie Cockett Bunker Price Index change and the Individual
        765 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        414 29 04 14.4 0.07 71 003 PrwftT —t»r IwMw IHU oHlim Ti—irt Ho Mm* t25 0 0 0 0 0 0 »MI 300 AM 9014 02 14.1 0.06 33 0.02 ■c/lri 3,0 7 0' 0.B 124 0.06 %v %Ml *g No MM* 635 0 0 4 0
        414 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon British Airways may allow foreign majority ownership
        453 30 But UK shareholders retain control through 'special share'with voting powers Bloomberg [LONDON] British Airways asked shareholders to allow Europe's biggest carrier to .be majority owned by foreign investors for the first time in an arrangement that would keep voting control with UK investors.
        Bloomberg; AP  -  453 words
      • Article
        Lock icon Australia considers aid for freight industry
        159 30 Dow Jones Newswires [CANBERRA] The Australian government will consider using export assistance programmes to help the country's freight industry (tevelop a global logistics chfin, it said yesterday. It w&nts to develop a policy environment that is more responsive to the needs of "the industry,
        Dow Jones Newswires  -  159 words
      • Article, Illustration
        Lock icon US air passenger traffic down 8.4% in June
        224 30 AFP [WASHINGTON] US airlines suffered an 8.4 per cent drop in passenger traffic in June compared with the last year, an industryNMfAciation said, blaming confidence and at lengthy security checks. The number of revenue passenger miles the standard measure of air traffic
        AFP; AP  -  224 words
      • Article
        Lock icon Yen rise will boost Japanese airlines' profit
        224 30 JAL, ANA save on aircraft leases, fuel costs Bloomberg [TOKYO] Japan Airlines (JAL) and All Nippon Airways (ANA), Asia's two biggest carriers, said the surge in the yen against the dollar will cut aircraft lease and fuel costs by as much as 9
        Bloomberg  -  224 words
      • Article
        Lock icon Shenzhen, Hong Kong airports to help each other
        174 30 Bloomberg [SHENZHEN] Shenzhen Airport (Group) Co, operator of China's fourth-biggest airport, and the nearby Hong Kong International Airport agreed to cooperate in cargo transportation and to act as backups for each other. Shenzhen Airport in the southern city bordering Hong Kong, agreed
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          114 30 Bloomberg {LONDON] British Airways will cut fares by as much as 80 per cent today on 37more European routes, extending price promotions to Germany, Switzerland and Austria in response to Easy Jet and other no-frills rwals. British Airways will introduce fares as low as including
          Bloomberg  -  114 words
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          Lock icon Dragonair considers fleet expansion
          82 30 AP [HONG KOifcj carrier Dragon Airlines is its passenger fleet with an order of thrae MSKfy-egional jets worth as much as USnsomlllioBsty> South China Morning Post reported yesterday. The expansion would be used to boost Dragonair's network in mainland China, enabling it to 0y to smaller
          AP  -  82 words
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          Lock icon Austrian Air's passenger traffic down
          68 30 Bloomberg [VIENNA} Austrian Airlines Group said passenger traffic fell 8 per cent in June, a greater decline than in May, as an economic slowdown discouraged people from flying The June passenger count on scheduled flights gained 19 per cent from a year ago to 670,000
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          100 30 (HANOI] Vietnam Airlines carried 1.95 million passengers in the first half of this year, 14 per cent more than for the same period a year earlier, a Company official said yesterday. Its revenue in the first half rose 12 per cent from a year earlier
          100 words
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        1527 30 OTT RJWT CI* MM tit HL2344 MSO M«t> 0A73B M HW ?m tUK 1935 OM MI 228 MM —mi n "g SfSJ 25 0U5 UBTU 1230 but no an 2225 mmr ous ex 2£ H* S02S 005 M7305 2250 w» a* 6*973 <*50 QF5 2250 irtwii
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        Lock icon Penang's airfreight forwarders' hopeful of better times ahead
        407 30 Reviving aircargo, logistics sector behind optimism Bernama [PENANG] Against a background of some promising signs of the cargo and logistics industry gradually picking up again, Penangbased airfreight forwarders are cautiously optimistic of better times ahead. One indication seen obviously as a sign
        Bernama  -  407 words
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      137 21 India's SCI on the sfew boat to privatisation mat 2 KOI 1 FAR EASTERN FREIGHT CONFERENCE (FEFC) ASIA WESTBOUND RATE AGREEMENT (AWRA) EASTBOUND MANAGEMENT AGREEMENT (EMA) MEDITERRANEAN RATE AGREEMENT (MRA) Banker Adjustment Factor (BAF) Arising from the regular review. Member Lines of the AWRA, EMA and MRA wish to announce
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      350 22 NORTH AMERICA \H\ QUL*Wp>M SUB-COWNENf j I—B SHUTTLE EXFBBBWI |OUU MMC» UHWfc »M) rem v<w m a*n[ *psb wn u um m im II ssssrr ss sz sr rzz- s SIT KB —i vm •y 1 I I— zIHZI I z «z II [ASU EAST COAST OCPRCSStAPQ •KUWAIT IBAMAM VIA
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      52 22 WORLDGATE EXPRESS LINES PTE LTD 100, Ctcl Straat, HfrftVlM. Bangkok Bank Buikflng, j'pon 0G9946 X Tel: *****911 Fix: *****073/*****863 Email: waste©mbox2.Blngnet.com.6fl WEBSITE: http //www worldgate com sg sfChlttagong COLOMBO 120/07 1 Karachi PORT LOOtS j 23/07 Bombay CHm<aoWtt,BW \piSi KARACHI/LAHORE 18/07 MADRAS/BANQALORE 20/07 Colombo v CALCUTTA |21/071 POn LOUiS NHAVA
      52 words
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      535 22 tinw Mrvicw npwwni>j by Mambars of 4ia Ragislry of Mambars of lha Accredited Shipping Singapore Logistics Stngcpcre Shaping Assoodion Association g uur UNE MAII Atssa vor eu m in A MUW SWM Princts Lily 0602 19/07 20/07 28/07 Emprass Lity 0502 04/06 03/06 11/06 Pnoceat Uty 0702 19/06 20/06 28/06
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      635 23 TO USA (SAX SarVKE) rasa vor sun uu oak dal hou cm coi mm «n urc api Scotland im 24/97 n/n n/n h/m 12/ M n/n n/n n/n m/m m/m *WCYPtME 11» 31/97 IS/— 1»/M 19/ M 1»/M If/M 29/ M 19/ M 21/ M 21/ M am maim imi
      635 words
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      1003 23 WtfCT CJUL nMI'NHn Wpr BUM, limn. Icwm shTwns m ltd £~*r~T M, 'ST ~S®B I mmm«, we* IQ Me lITITMMMH IfcUMMMMMI MM*O 01 UUKTU imsilt/ff I S£>.=t—.. SSU I UHaHUHuiMi. I COSMMMOBPIMM 18. 07JS31U* HULI7JiMI7I 1 w/wr m m m m m to n n u i JJ MMW W
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      411 23 w ff w it a> us i nwcuawoK vmm/7 i\n wi vn vn V\ wrwaysnawa I o/fs li»/y la>/7 |at/7| 3a/713i/ylvi I orcrffl—6 tm wi wi nn 31/7 7/1 w tamm wsm a/7 |?V7 In/71 -I- HH nrcmm i/i |yi I y/i |>/> |iy» |?ns|v7lti |yi t/i 17/1 |ip| «sa
      411 words
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      538 24 HYUNDAI MERCHANT MARINE CO., LTD. a wo. hmthmom l wga w» mi son la i«r mmi j»1 MMiim ITS nm um H*™ o 5 n/u *tu h/m is/* wii gggggL-I!™ jjggg.... *m wom n/m »/u n/u u/v yjZ!!!. JWJ 2/2 2£2 22 TU,Binf m*m/wm/m n/u M/M n/(7 ?2Z 2/2 n/2
      538 words
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      374 24 WAN HAI LINES INTRODUCING: NEW WEEKLY EXPRESS SERVICE >Aden hnl^H >Aqaba ihgt 7 HH Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 «y. IMA 11/ M M/ 17 45/04 47/04 SJ JJJJ "/JJ "5 S/5 14M x/w a/w tt/m ji/W THOt BASTB 4/W »/»7 n/M 4S/N
      374 words
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      435 24 m soas& __WEBCLY EXPRESS SAIJN6 SCHEDULE mo ACCOTIW TO AlillOinWßW <M 0 HWWTO 11 wr mi pjua raawc a. aw* com—o —hum MB llm Mm ~i7m am uaumm is» xm ami ~ini Tm uawai otw Bi mr -j*~ ~Tm~ 1»~~ «»g» Hi 4<at 11 numH mm sik 7mk iimk mms
      435 words
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      952 25 VESSEL VQY KHH HKO UH PKI PXO Ml DOOM •AAfc UNDWIA PCI-260 16/07 17/07 20/07 21/07 20/07 29/07 31/07 02/00 ■AN OUMN Pa-269 23/07 24/07 27/07 20/07 04/00 03/00 0700 09/00 ■AN ISFAHAN PCL-270 30/07 31/07 03/00 04/00 11/00 12/00 16/00 U/00 ■AN HOBMOZOAN PCL-271 06/00 07/00 10/00 11/00 10/00
      952 words
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      510 25 w^m UK CONTINENT SERVICE Loving tor OCEAN OLYMPIC ROM/ATW/BMNAJK/NAN STARLING ROM/A TW/BMNAJK/NAN LotN SkigNxam. E-/W. MN»yN«. SiiHiimNi MIDDLE-EAST SERVICE Loading for ASPILOS JDH/AOA/DMT FAVOWTA Da/ABU/DOH/BRWDMM/KWT AGIOS NECTARIOS DBI/ABU/DOH/BRN/DMM/KWT TWAOCR OeVABU/DOH/BRN/DMM/KWT PETROSR AON/HOCVJOH/AQA ORHAN EKINCI DMT/JDH/AQA •Loadß Stngapore, E>W. MNatPa. mHon>^ USA SERVICE Loadngfor ANGARA CAM/NFK/SAV/NOL ATLANTIC FORTUNE CAM/NFK/SAV/NOL STAR CHASER
      510 words
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      427 25 Sy,», ir£L 9=5 ®L jfiSSL nar jg... I■■ 1 .n-MI a For SOC/COC Corgo ■oohiny, Hmm Cdk P'J'l' MmAm| l 711-7* 113 Imrm i nM45»1l I r I IS "!i*" j—** 741-541 is r.. 711-707 7*l f mi«fc■■ i 31-SS4 Ss4* J""l* IH-ITMMI MM Ml-7*5 537 Coknta M-HIM7I w— Of
      427 words
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      76 26 I gKYOWA LINE ±jatrai3 J^_Q2ZQfi.!S^J37^;"i^s^^" 3^"~L m jj T Noiron Cl9lE** 3V07 07/06 14/06 15/06 Not™ C]9lE" 20/07 30/07 09/06 10/08 12/06 14/06 P*Q ci?2E 07/08 tVM *****" J&a -***** Dwro 1C192E 27/07 21/06 30/06 31/08 02/09 04/09 05/09 wr AtgfflHGta Singaporm Agmntt ftfST MUYSIfc GUfSMP MHS SN MB V
      76 words
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      179 26 CWT GLOBEUNK PTE LTD tVrf, fl (3S L,NES > FAX:*****742 LST' DIRECT SAILING TO: Indian §u+commmtT /^S MUMBAI (BOMBAY) •WEWM^ I KOLCATTA (CALCUTTA) karZO?l\ CHITTAGONG V COLOMBO V; ICD NEW DELHI BOMBAY/NHAVASHEVA! KARACHI WiiM&r CHENNAI (MADRAS) S XADRAS NHAVA SHEVA M COCHIN cochin^ COLOMBO D for please eel/ *****1 77mam
      179 words
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      11 26 UP TODA TE TW£ LINER SCENE FORTNIGHTLY ON MONDAYS Shipping Times
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      217 26 MYANMA VBBk FIVE STAR UNE Ulvhmt IMMMI UM) W Mhf W Y«9M **sa wr sm m ra rca OMSNMNAW S4W SU MfiM V3MW SU M MAUTSU: KWSTUO SHMMM ASOKKS M*: U-JMI7MI MCL U-JI7MIOI PBfc M-MII4M tg| BANK LINE (A unfa W Aairtw WMr %lg| VT WOKTHtOUHP TO jUKQpf" comae, wmxmuuihuvyifts
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  • Page 29 Miscellaneous
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      124 29 Prtlgfalli|M legend: K Thunderstorm A Showers X\ Rain emper a ture Wind direction and speed in knots Cloudy Day Weather C><J Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds tJ s,i 9 ht < 1 2 1 -»—»One half fleche
      124 words
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