The Business Times, 24 July 2002

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Total Pages: 54
1 54 The Business Times
  • 15 1 THE BUSINESS TIMES MITAfP) 010/03/2002 85* SINGAPORE Internet: http://business-times.asia 1 .com.sg WEDNESDAY, JULY 24, 2002
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  • 69 1 E3 LMJ3 (+29.58) ivflrmomoni U IjmM (+53.00) PlflOßCinmjißs U W7JI (+6.00) STOCK MiUET IHIMKSS Tuesday Change KLSECOMP TUX NIKKEI m *****.63 +28.62 BANG SENG _1M1139 +263.M SET INDEX J87J6 *4J» JAKARTA COUP .477.19 *L81 MANILA OOMP J4I8JS +418 TAIPH WPI, kMn—+111.7] SEOUL OOMP 743JS +XZM, SHENZHENB SMJft -U7
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  • 59 1 us* St USS(S9perU8S) 1.746 £(USS/SSper£) UM 17» EU80{USt/SS/E). 9.991 L728 YEW 117.4 EM tm 1178 BKS 7m 4.478 BAHT 4ttt Hit RUPLAH 8*70 5,141 PUMB KATES SINGAPORE* in KUALA UIMFUS 14* HONG KONG 6.12* JAKARTA J$M TAIPEI 1821 TOKYO 1174 SEOUL »J6 FRANKFURT 125 LONDON 4.90 NEW YORK 4.75
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  • 559 1  -  By Vince Chong 15LN Lr j me cnanges to property nnancing rules announced on Monday could result in sales of new private homes hitting 9,000 this year, or 30 per cent more than in 2001, analysts reckon. But most of
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  • 611 1  -  Some practices, while compliant, not conservative enough From, Audrey Tan in Hong Kong MERRILL Lynch whose stock research operations in the US was itself under scrutiny not too long ago has issued a 58-page report casting doubts on the accounting standards of
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  • 97 1 Reuters [NEW YORK] Stocks were mixed at mid-morning yesterday, as investors weighed the lure of shares pounded to near five-year lows against the odds of more sharp seUoffs. At 11.30 am EST, the Dow Jones rose 88.75 points, or 1.14 per cent, to 7,873.33.
    Reuters  -  97 words
  • 723 1  -  Market talk of BP, SPC leaving motor fuel business -f By i Christopher Tan [SINGAPORE] After years of going uphill against stagnant margins and rising competition, small players in the motor fuel market look set to hang up the pump. And motorists may
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  • 331 1  -  By R Sivanithy [SINGAPORE] A strong rebound in US index ftitures yesterday helped ease fears of further losses on Wall Street and brought some stability back to regional stocks. In Singapore, sentiment was also boosted by the belief that the
    Source: Bloomberg  -  331 words
  • Page 1 Advertisements
    • 84 1 orsmsfc: Top Stories Lmry Hfrec Why is US$ surging despite Watt Street? NrnxtPrngm Quak Hiang Whai: DBS numbers not talking yet. Pg 6 URA's newty conceived identity Plan. P| 14 Port magnate Syed Mokhtar eyeing dredging jobs: report Pjg f5 Fed not likely to cut rates soon. Pg 19 If
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    • 45 1 CPF REVIEW Vlkram ghinur Correcting a distortion, but not without risk, Pg 4 lh «nw tj, baak stocks seen making gains, Pg 3 B>nk-ffM>owl HDBflats may be treated like private flats, Pg4 CxMuUreHoßej: Time for a wake-up call, Pg 28 Other reports, Pgs 3 4
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  • NEXT page
    • 670 2  -  Proposal will a void constant disputes over the price of water: Jaya By Chuang Peck Ming [SINGAPORE] Singapore has suggested that the price for future water supplied by Malaysia after the expiry of current agreements be tied to the cost of NEWater, the
      670 words
    • 575 2  -  -jg comment i ftt CURRENCIES US fund managers may be cashing out their overseas investments and converting the proceeds back into US dollars larry wee THE American dollar staged a smart recovery across the board yesterday as US stocks continued to suffer one
      Source: Reuters  -  575 words
    • ON THE grapevine
      • 158 2 o puunsiiuu suine pear is or wisdom recently, stemming from interviews conducted during a fund managers' meeting in Chicago not long ago. For example, among the top performers was a manager who held Enron shares from 1996 to 1999. Why did he sell out? Well,
        158 words
      • 119 2 NOW let's hear from the other side. You have to give Goldman Sachs pundit Abby Cohen credit for at least one thing: consistency. US stock prices are on the rise, not the slide, she told the CBS programme Face The Nation on Sunday morning. Wall
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    • 650 2  -  By Angela Tan (SINGAPORE] Temasek Holdings (Pte) Ltd, the Singapore government's investment arm, said yesterday it does not interfere with business decisions of the companies under its stable, including Chartered Semiconductor Manufacturing. "The government is not involved with the business decisions at Chartered,
      650 words
    • 476 2 Bank manipulated written records of deal: investigators NYT [NEW YORK] Senior credit officers of Citigroup misrepresented a 1999 transaction with Enron in the records of the deal so that Enron could ignore accounting requirements and hide its true financial condition, according to
      NYT  -  476 words

  • CPF review
    • 571 3  -  Analysts see a possible end to both sectors' lethargic share movements Byi Vince Chong YESTERDAY'S rises in banking and property counters signal a share price recovery in response to structural changes that will benefit both sectors, analysts believe. The changes are seen as "win-win"
      Source: Bloomberg  -  571 words
    • 374 3  -  Lower cash ontl&y won't result in runaway prices By I Siow Li Sen LOWERING the cash downpayment on a property to 10 per cent is not intended to stimulate the property market, and is unlikely to result in runaway prices, said Tharman Shanmugaratnam,
      ARTHUR LEE  -  374 words
    • 426 3  -  By Siow Li Sen A FLOOD of refinancing demand from existing HDB market-rate borrowers and new HDB loans, as well as additional demand for private properties, could boost loan growth by as much as 7-8 per cent, said GK Goh yesterday. "This news is
      426 words
    • 803 4  -  Giving banks the first lien on mortgages could have some unintended consequences, which need to be guarded against, says vtknm Vikram Khanna THE decision to allow banks, rather than the CPF Board, to hold the first lien on mortgaged properties removes a long-standing
      803 words
    • 492 4  -  By, Andrea Tan PUBLIC flats bought with bank loans may soon be treated like private property, without restrictions on the minimum occupation period and on subletting. Disclosing this in Parliament yesterday, Minister for National Development Mah Bow Tan said: "MND is actively studying
      FILE PHOTO  -  492 words
    • 709 4  -  By\ Kalpana Rashiwala, Andrea Tan THE core of Singapore's home ownership policy remains unchanged even though new rules announced this week signal an important policy shift. Deputy Prime Minister Lee Hsien Loong told Parliament yesterday: "The issue is how extensive our housing safety
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    • 487 4  -  By\ Chuang Peck Ming THE freeze on Central Provident Fund contribution for older employees that come with the new CPF changes would, admittedly, not do much to boost their employment prospects for now. But it is a step in the right
      487 words
    • 160 4 ADJUSTMENTS to Central Provident Fund contributions should only be used as a last resort to address future recessions, union chief Lim Boon Heng said yesterday. Speaking in Parliament yesterday, the SecretaryGeneral of the National Trades Union Congress said the CPF
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    • 455 4  -  By Siow Li Sen THE halving of the cash downpayment for property purchases from 20 to 10 per cent will bring forward by two years the date from which 1 a borrower has to start forking out cash for a typical 25-year
      455 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • SINGAPORE companies
    • 667 6  -  g exclusive Some ask if creditor and indirect shareholder Awli manage rights By\ Serena Ng SOME minority shareholders of government-linked telecommunications firm Teledata (Singapore) are unhappy about DBS Bank's role as the manager of its rights issue, as the bank is also one of its
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    • 464 6  -  But aircraft lessor still aims to expand fleet to 100 in 5 yrs From David Boey in London SINGAPORE Aircraft Leasing Enterprise (SALE), Asia's largest lessor of airliners, said yesterday that its stakeholders are likely to stave off plans for an initial public
      FILE PHOTO  -  464 words
    • 477 6  -  S*pore stocks bnck trend: Salomon Smith Barney By. Angela Tan FOREIGN buying of Asian equities appears to be drying up this year due to a global aversion to risk rather than concerns over valuations or profitability, Salomon Smith Barney (SSB) said in its latest
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    • 811 6  -  lock siew quak hiang whai IN RffICENT remark»SHje shortly after he became chief executive, E$S Group's Jackson Tai promised less showmanship from the bank; instead, DBS would let the numbers do the talking, he said. Looking at the flnancials from its just released Interim results,
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    • 468 8  -  lb flotation found to pnblic free float MgimderlWfcof issied share capital By Serena Ng UNVBSTMENT firm Alexandra; Holdings, whose pMMrtuive been suspended WTCI months, yesterday proposed a voluntary liquidation after a fruitless search for a solution to the problem of its public free float being below
      468 words
    • 320 8  -  370b yuan ted 33% of Pudong airport fuel firm a Rachel Ong uutia Aviauon uu (lau; yesterday said it will pay 370 million yuan (5577.6 million) for a 33 per cent stake in Shanghai Pudong International Airport Aviation Fuel Supply Corporation (SPIA). Based on
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    • 290 8  -  By Eugene Low MULTINATIONAL corporations feature prominently in the inaugural ranking of the fastest growing 50 companies in Singapore. Almost 80 per cent which made it to the top 50 list compiled by DP Information Network, are MNCs. They include Cisco Systems, LG-Caltex
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    • COMPANY Briefs
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  • Page 7 Advertisements
    • 105 7 I unujucncss beyond the differences I Attention to detail, restraint, and above all. flair. BOVET designs into the future, shaping the (lis transmute all the originality of BOVET s 19th-century tinctive looks of its FLEURiER watches into a chronotimepieces into wristwatches that are inimitable graph of exceptional sophistication. Fitted with
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  • Page 8 Advertisements
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    • 53 9 I RICHARD MILLE I A Racing Machine On The Wrisf. I I I I 'X X I I 4 X I ■*?>< I I JJ I I** I Dual T me Tourbillon I M !I I i Yafriro I Vk'bm* I x I cmps tv» :.iti! K» t.hl -**M "i
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  • SINGAPORE markets
    • Article, Illustration
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    • 695 10  -  comment STOCKS- r. sivanithy A. 170i»int recovery in the futures contract for the Dow Jones Industrial Average and hopes that the government's new Central Provident Fund measures will reawaken the property sector brought some relief yesterday to a market in which the Straits
      695 words
    • 774 10 Ear* poMMnr parity lavel, yen at near 2-week Wwa bejwi 117 par US$ Reuters ASIAN currencies ebbed to multi session lows late yesterday as the US dollar staged a broad-based cor rection after its recent drop. The US dollar rammed the euro below parity for the
      Reuters  -  774 words
  • 1028 10 UNIT TRUSTS FUNDS ComGM»IT>»«ollndBlW OJay Com S"pof» Bond Raid/* 1.04V ztzgag ts MMIW STbST** .*5x2 Star AMMmcad OJU u£52r2?lL.£i 0 77ttJB> SSSSMSSS:—'W Star ft. 715/ Sh—un Arti Njifcj** C S55A 59 Mwfrt'lCroygi OM5AC7 MmifWllML Shcnton Gt> Opporturtoto/** ft-ttHLUS S22S25l22f 1.11*1.171 9<an(on 1JVUS GoneaOatnl Brand* 04(***** Shanlon GraaMr China «.77VOt1 Mandaki
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  • Page 11 Advertisements
    • 110 11 Yafriro VlcbriT la' IVinps v' V ,< /f C ////<///<■ ((y -//////v < /<///( t f> i i. < i' f, -I,:- I -I 4 n j; •I 1 i v &> i f i« t J/-. [-j i if.. 1. -j f n rhifnifrwiMl^Br*- ..:^M| •c^r -v L N
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  • EDITORIAL & opinion
    • 733 12  -  KH S» 9 —f I bottom line OPINION paul krugman IT LOOKS as if the authors of "Dow 36,000" remember that? may have had one digit too many in their title. Let*s just hope it was an extra "3", not an extra *0". The
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    • 90 12 'Every time he seemed to be in trouble, he would end up with a box of chocolates.' -ChtrlafUwfa of the non-partisan Center for Public Integrity, on the remarkable business career of President George W Bush. 'I was wrong/ the US Federal Reserve chairman, on his previous view
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    • 615 12 EDITORIAL WITH a change of guard in the Finance Ministry, India's ruling parly is making improved economic performance its key re-election strategy down the road. Indian Prime Minister Atal Behari Vajpayee is pitching for an ambitious growth rate of 8 per cent over the current Five
      615 words
    • 918 12  -  Portraying China as an aggressive military player, a new Pentagon study is allowing China baakers to posh their agenda farther From. Leon Hadar in Washington LAST year's attacks in New York and Washington and the ensuing US-led campaign against terrorism seemed to have ignited
      AP  -  918 words
    • 250 12  -  vtmtm Maureen Goh (Mrs) Director Group Communications for Chief Executive Officer Singapore Sports Council WE refer to the article "SSC's plan to merge Changi clubs sails into rough seas" (BT, July 18). We wish to clarify several inaccuracies in the article. First, Richard Tan is
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    • 231 12  -  Chan Yoon Kum Director Water Department Public Utilities Board WE refer to the forum page letter "Do more to stop water wastage" by John Tan in The Business Times on July 18,2002. We agree with Mr Tan that water conservation must remain, notwithstanding the alternative supply
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    • 172 12  -  Leong Sze Hian Singapore I REFER to the letter "CPF funds: put people's financial welfare first" by Peter Edmund Mullins (Mail bag, July 15). Paying a 5 per cent upfront sales charges on an investment fond with no trailer fees and a lower expense ratio
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  • SINGAPORE news
    • 456 13  -  RBMAXDia SDTOAPORE It moots law to ban GLCs from govt projects under $5m Reports byl Anna Teo INTRODUCE a competition law to stop governmentlinked companies (GLCs) from competing with small local firms for government projects worth less than $5 million. Rename the Ministry of
      456 words
    • 208 13 IN a society where a string of As has been and largely still is a passport to top Jobs, a govern ment-linked committee has proposed revamping the education system to de-emphasise pure academic excellence. Instead, "we should be open to the notion of non-conventional or alternative
      208 words
    • 266 13  -  Byi Adeline Chia SINGAPORE'S volunteer participation rate has increased from 9.3 per cent to 14.9 per cent in two years, but still lags behind rates in the UK and the US with 48 per cent and 44 per cent. The survey done by the
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    • 432 13  -  BAFFLES TOWN CLUB SUIT By\ Serena Ng RAFFLES Town Club's proprietor made no decision in mid-2001 on any capital outlay to expand the club's premises and facilities, RTC's former chairman told the High Court yesterday. Ex-police commissioner Goh Yong Hong, who chaired RTC's board between
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    • 274 13  -  on the economy prices By\ Siow Li Sen INFLATION moved back into positive territory in June after seven months of deflation. The consumer price index for June rose 0.1 per cent year on year, according to the Department of Statistics. The last time
      Source: UOS  -  274 words
  • Page 13 Advertisements
    • 107 13 ISir 1 EXECUTIVE __PROGRAM H H Discover why the Michigan Business School was ranked No. 1 in human resource programs worldwide [Business Week, 2001) "Examine and master the cutting edge Human Resource principles that shall drive your organization's October 7 -11, 2002 Singapore University HV of Michigan j University of
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    • 359 13 it true that Private Banking is changing? information becomes globally available. At some institutions, Private Banking still a personal banker selling mutual funds. The Private Bankers at 1 i The Citigroup Private Bank act as trusted global advisors to Asia's wealthiest families. What we do today looks more Investment Banking
      359 words

  • FOCUS URA
    • 679 14  -  IDENTITY PLAM URA plans to bring out the charm of 15 areas to help forge a sense of belonging in Singaporeans. Andrea Tan reports Andrea Tan FACED with an increasingly mobile and cosmopolitan people, the Urban Redevelopment Authority (URA) is looking at
      Source: URA  -  679 words
    • 201 14 OLD WORLD CHARM ABOUT 500 shophouses in the Tanjong Katong, Balestier and Jalan Besar area mainly along Serangoon and Lavendar roads will join the Geylang and Joo Chiat conservation areas. URA said there needs to be an increase in the critical mass to give
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    • 282 14 SOUTHER* BIDOBS A HILLSIDB VILLAGES DID you know that in the south-west of Singapore, there is a nine-kilometre chain of ridges called the Southern Ridges? Mount Faber, Telok Blangah and Kent Ridge form this chain. Some of the island's oldest parks can be found on
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    • 254 14 RUSTIC COAST WATER babies will have a field day here with the sandy beaches and a sea sports centre that could offer wake-boarding and jetski facilities at Punggol Point. And after a day at sea, dine on seafood at eating outlets dotting the
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    • 162 14 URBAN VILLAGES THIS cluster, which includes popular gathering points along Thomson and Bukit Timah roads, will retain its low-rise character and see enhanced pedestrian connectivity. Existing commercial uses will be recognised while new activities may be introduced. Plans include outdoor dining, kiosks and a park at
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  • REGIONAL news
    • NOTE Book
      • 88 15 Bloomberg [BOMBAY] Government of Singapore Investment Corp bought a 3 per cent stake in India's HDFC Bank Ltd for about 973 million rupees (Ss33 million). The shares were sold by J P Morgan Chase Co, whose private equity funds owned 11.5 per cent
        Bloomberg  -  88 words
      • 97 15 Dow Jones Newswires [KUALA LUMPUR] The Malaysian economy achieve 7 per cent annual growth in the medium-and long-term, but not this year, Bernama news agency reported. It said late on Monday that it erroneously reported over the weekend that National Economic Action Council executive
        Dow Jones Newswires  -  97 words
      • 82 15 Dow Jones Newswires [BANGKOK] Prime Minister Thaksin Shinawatra said yesterday that he believes Thailand's economy can still enjoy 4 per cent growth tills year, even though he is concerned about the problems plaguing the US, including weak stock markets and a current account deficit.
        Dow Jones Newswires  -  82 words
      • 120 15 Reuters [BEIJING] China's central bank has promised to keep interest rates steady in the near term, state media reported yesterday. The central bank made the decision at its quarterly meeting of its monetary policy committee chaired by governor Dai Xiangiong, the semi-official Futures Daiiy
        Reuters  -  120 words
      • 111 15 AFP [JAKARTA] Indonesia is planning to set up a joint coffee consortium with India and Vietnam in an attempt to prop up world prices, an industry official said. "The three countries ha vein principle agreed to set up a joint coffee consortium and we will hold
        AFP  -  111 words
      • 42 15 Reuters [TAIPEI] Taiwan Ratings Corp, a partner of Standard A Poor's, said yesterday the island needs at least NTIB6O billion (StGO billion), almost seven times the •tee ofthe state rescue fUnd, to clear up bad loans of
        Reuters  -  42 words
    • 394 15  -  Hnge potential for his new joint venture as BTsia has many ports From Eddie Toh in Kuala Lumpur MALAYSIAN port tycoon Syed Mokhtar Al-Bukhary is venturing into dredging in a big way an activity which complements his port interests well according to
      394 words
    • 366 15 KUALA LUMPUR Maybank, Nazis, Plus seen as strong candidates SINGLE stock futures contracts may be traded on the Malaysia Derivatives Exchange (Mdex) by December. Mdex is in the process of submitting the futures contracts plan to the Securities Commission
      AP  -  366 words
    • 274 15 KUALA LUMPUR Reuters MALAYSIA will name the winners of its third-genera-tion (3G) mobile phone licences on July 31, industry regulator Communications and Multimedia Commission said yesterday. Sources said last week that the government might only award two of the three licences it
      Reuters  -  274 words
    • 382 17  -  DBS anit is 6th foreign broking house to close operations Fromi Al Labita in Manila DBS Bank's closure of its Philippine securities unit the sixth foreign stockbroking house to put up the shutters points to a wider malaise: a languishing market that
      382 words
    • 386 17 HONGKONG Reuters HONG KONG, one of the world's most expensive cities, lost its reputation for value many years ago. But now its savage economic downturn is prompting store owners to cut price tags almost daily. A McDonald's hamburger, a useful benchmark of global
      Reuters; REUTERS FILE PHOTO  -  386 words
    • 240 17 XFN THE Chine* government Is boosting efforts to lift Hong Kong out of its current economic downturn, but detailed measures have not yet been released, the Business Week ly said. The paper Quoted an overseas source ss saying that Beijing Is
      XFN  -  240 words
    • 489 18 HONGKONG It will be one of few foreign banks to boy into China's huge insurance sector Reuters HSBC, keen to tap China's fast growing but rigidly controlled insurance market, said yesterday that it is in talks to buy a minority stake in
      Reuters  -  489 words
    • 116 18 BEIJING XFN CHINA will allow more foreign insurance companies to sell policies in the mainland, based on the country's WTO commitments, Li Kemu, vice-chairman of the China Insurance Regulatory Commission (CIRC), said yesterday. He was quoted by the China Daily as saying companies that
      XFN  -  116 words
    • 251 18 BEIJING lbr« tkaa 46b CUmm laggiag m regnhrfr,a7H%Mtomrloor«flffre AP SURGING Internet usage has made China the No 3 user of the Net in the world, a new report asserts, with over 45 million citizens now logging on regularly even as the government
      AP  -  251 words
  • Page 15 Advertisements
    • 214 15 •> Mercedes-Benz is a trademark of DainUerChrysler. V Hk N3| -.^p gi wi4 hi a' i*x 5-*- -\i* v g 5 t- *k £1. jl, a n. In the future, man will see in the dark. Meanwhile, you can turn night into day with the C-Class. sup behind the wheel
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  • Page 16 Advertisements
    • 3478 16 1n Business Ttmes, Wednesday, July 24,2002 Bdrertißc cmil toH-f-r 11t1t IftT fffiTl fibril 111 ukmmk A Vfr ur ace Mount Technology (Holdings) Limited vW ™\mH Notice of Annual General Meeting STICE thdt the Annudl (>ne,al Mwting of Surface Mount Technology (Holdings) Limited (the 1 at EDB Room J** Mleftoo Hotel.
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    • 139 16 In ihe Mailer of The Companies Ad, Cap. 50 And In (he Mailer of DAKQJOftA ENGINEERING PTE LTD (Incorporated in Ihe kepdslk of Singapore) NOTICE TO CtFOimnftf MEETING Notice is hereby given, pursuant to Section 296 ol the Companies Ad, Cap. 50, that a meeting of the Creditors of the
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  • Page 17 Advertisements
    • 255 17 Por.o.t Of r's J '-*>-_ |i||ii|iriTl|Wi -1 in.. IMljjjll.'-■!::_ v r C "v-^ \Kv mJ| KS pppnpiw^^~ [V.; 1 1 1 Lexus LS43O .After years of ckainng LoarJ meetings, here s yet anotker motion of confidence^ wHi No tiling moves witliout your assent. Including What good is unbridled power without
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  • Article, Illustration
    967 18 Transaction date: Jul 23 V 1 *V V "V S2f VJ» L «< tt X 6W 04* -H* fm Wm Ml 921 N49» Hm 8$ 9w4 f» 9Tt 9* Nw4 9» *>Ma 0J55 4.488 0.546 1218 ***** 48.505 14)9 1344 2.055 U4S 32.221 ***** 1944 5 454 0.795 17.900
    967 words
  • 1156 18 CHICAGO BOT Jul 22 **02 993 5T5 999 SM $#02 570 952A 575 %3 NW02 554 SX 560 548.4 J»03 5532 537 559 544 »T*A«0K«UX» *«<**%) i. CtatPruhw —>A— *•9® 204)9 1iM 20J9 2001 S*02 2023 19.92 2QJ0 20.6 Oct02 20JO 20.07 2049 20J0 0ec02 2053 2029 2090 2039
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    • 24 18 Results Count Reach your shareholders and potential shareholders* Publicise your company's financial results in our newspapers. Gall toll-free 1800 289 8822 or email recruitSesph.coiii.sg
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  • WORLD news
    • 721 19 WASHINGTON Economists say only a huge stock sell-off will force the Fed to act Reuters FEDERAL Reserve chairman Alan Greenspan hasn't said a word to suggest he has considered a cut in interest rates should the stock market rout begin to ring
      Reuters  -  721 words
    • 327 20 NEW YORK USsl2.7b loss reflects US$l3Jb writedown for AT&T Broadband AP LONG-DISTANCE telephone and cable television giant AT&T Corp posted a US$l2.7 billion loss for the second quarter as a better-than-expected operating profit was erased by a huge drop in
      AP  -  327 words
    • 211 20 Murray Hill, New Jersey Bloomberg LUCENT Technologies, the biggest US maker of telephone equipment, said its thirdquarter loss widened to US$7.B6 billion as sales tumbled. The company plans 7,000 job cuts by the end of December. The loss in the period ended June 30 grew
      Bloomberg  -  211 words
    • 256 20 SACRAMENTO, California AP DIRECTORS of the largest US public employee pension fund are involved in potential conflicts of interest that threaten to erode the fluid's sterling image. The California Public Employees' Retirement System, better known as Calpers, has long had a
      AP  -  256 words
    • WORLD Watch
      • 69 20 Bloomberg livniuj Japanese consumer confidence rose in the second quarter, buoyed by optimism the economy is emerging from recession. The Cabinet Office's consumer confidence index rose to 363 in June from 38.4 in March, as people said they were willing to buy durable goods
        Bloomberg  -  69 words
      • 58 20 Reuters l Washington] us banking regulators on Monday issued guidelines caning on credit card lenders to make greater eflbrts to help strapped borrowers repay debt and to acknowledge loeees on certain accounts earlier. The guidance wasissued by the four maJor banking regulators in dnft Am
        Reuters  -  58 words
      • 49 20 Reuters [BRUSSELS] Regulatory and industry officials from across the European Union met yesterday against a backdrop of corporate fraud to examine whether the continent's watchdog systems were up to scratch. The meeting was called to help reassure investors about the strength of European standards. —Bmatn
        Reuters  -  49 words
    • 637 21 NEW YORK Their psyche under siege as they expect more bloodletting before recovery NYT IN what has been a gruelling summer for the stock market shares sank further on Monday. But many investors remained calm and held their ground, resigned to the
      NYT  -  637 words
    • 248 21 SANTA CLARA, California Bloomberg 3COM Corp said it will immediately stop reporting so-called pro-forma profit figures that usually exclude items such as acquisi-tion-related and stock-option expenses. The maker of computer-network switches and cards will only report results according to generally accepted accounting principles,
      Bloomberg  -  248 words
    • 480 23 NEW YORK Justice Dept, FCC join proceedings to protect consumers and shareholders LAT-WP TWO federal agencies took the unusual step on Monday of jumping into WorldCom's bankruptcy to assure continued telephone service, monitor developments and uncover possible mismanagement, irregularities or fraud at
      LAT-WP  -  480 words
    • 250 23 WASHINGTON Bloomberg SALOMON Smith Barney analyst Jack Grubman misled investors in recommending Winstar Communications two months before the telephone company sought bankruptcy protection, according to a National Association of Securities Dealers (NASD) filing. The association's enforcement staff are prepared to act on the
      Bloomberg  -  250 words
    • 401 23 ZURICH Industry to better optta lined ntw than 10 years ago Reuters Bloomberg BANKS appear able to withstand market shocks, according to experts who say the industry is better capitalised now than it was a decade ago despite hard knocks from bad loans
      Reuters; Bloomberg  -  401 words
  • Page 19 Advertisements
    • 153 19 m nf mslnaj —TELAI PIHANTAB levererat" ZUGESTEIIT DOSTAVLJENO SI/™ DELIVERED The world. Now delivered faster, easier better. With Asia's new delivery system. Now deliveries from Asia to the rest of the world, and back, will experience a brand new level of service and efficiency. Thanks to UPS' spanking new air
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  • Page 20 Advertisements
    • 260 20 QUI fOOO OflOtfl I lllNltflflCTlVt DINIKG I H I I H H TRAVEL GUIBFTI The Straits Times Classified. lrA{ 587. ByylLSdllLrMlL Totally irrational Call us crazy. But fact is, we've never been of a clearer mind as we extend this completely absurd offer to you. You'll receive 24 issues of
      260 words

  • Page 21 Advertisements
    • 238 21 Page 21 rt^M 9 Iffl 7® T 5 r>| S2^ tvmtwK 4w* mm "ijasas" i? I WMI/M #03-03 #03-08 #03-06 IW* M 75 ami I i I m 4™**»«» W: 6M3 2112 Ttl: M 75 IMS Ttl: *****7 M i2IJ?S; I *r 11aM-2JQpM *»-1030pn 11on-23*n 530pm-llpm UpSl&Kpm 12pt2J$?&5»MJ0pi 'MlMat 1)
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  • 3902 22 Transaction date: Jul 23 for more, go to wurwAsiaonerMiarketsjcom HONG KONG HysanOav 705 OJS 5 ••I intentune Htdgi .0.72 unrfi 37. TO mt1 Bank of Asia 1.94 0.06 10 —jw Tto '3 SS SSSSS&scig 8 g-Jg ®J Jiangm Copper H ON 001 11* Arfiia Conch H— 330 0.03
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  • 2159 22 I Transaction date: Jul 23 KUALA LUMPUR FraserONeave uo unch 20 M BW —2.19 inch 0 m ♦i- ram Fwmdunne oas unch s Gadang 119 002 29 A AM Realty 1.03 0.03 24 Gamudb 400 0*5 414 Abric 1.52 003 CO GanadG*p 043 inch 1 ACP Industries 3.10 unch
    2,159 words
  • 486 22 Transaction date: Jul 23 5^H5L__3E-_®55__55ElJ5*f5S___JB__5!E__®5F y. UN «OMO MMft «JS 1740 4M 9**"* J5 !S mm tun «ojoo Owrt MM )k 1 Ji lip OUC 0 55 5 HO OOSC g»0»j*. 1* M0» <4400 *rfcwqrH2Sc OJt 0«5 4M as"- ts. sjs si a j& 33 a rs bt- a
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  • 572 22 BONDS WARRANTS l* **Cam Eaar 'oC '•tail fP'il I* *m- mm** M» %fm*m U» AST1W*****1 205 1 it 24 1.44 23 AfliiLldWttiim if 1 jo 97 5.00 2§ «ii«* \AqS0610 *2-5 4 778 1 S3 4 131 35 *m*on|tW40B0 IJ 1 10 109 U7 22 0ari*SM*****1«k Mi 0ar65*j*****01 10k Oorawwi
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  • Page 22 Advertisements

  • Page 23 Advertisements
    • 551 23 Development Land In Malaysia For Sale Investors or Joint-Venture Partner 87 acres of housing 6 commercial land Ongoing project Works in piogrsss M Re-purchase of properties Interested parties, please contact (kUSS CHAN) Tel: 606-763 9811/H/P: 016-611 3088 to 606-763 9989t0r further information. HHHK& ***** Where to wine, dine and entertain...
      551 words
    • 67 23 kfcS? vi v MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Enquiries: *****291 CV***A' flMf 111 <%BKivM UJ JByywrr -jaH- 3K **S aUUTO 333 Orchard Road. Singapore *****7. W: 6737 4411 Fax-6732 2361 EXCLUSIVE DINING EXPERIENCE Distinguished by impeccable service, luxurious surroundings and a
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  • Page 23 Miscellaneous
    • 195 23 UKVPTIU CROSSWORD 27 Nove< with plot" (3,6,6) (5. 4 YESTERDAY'S SOLUTION 10 Hibernate taraway,thissilly Actom: 1 Trash,4Agonised,B DOW person? (12) Arranged, 9 Absinthe, 11 SeH--1 Bursary, we hear, for Little 14 Goj r^awa y| orawh °ten®w ish, 13 Alignment, 15 On top of Jack Homer? (7, 5) ball-game (9) the
      195 words

  • BT motoring
    • 518 24  -  track It won't be long before importers raise prices and pass on the difference to customers christopher tan AS IF they don't have enough problems with weak consumer sentiment, sellers of Continental makes are now struggling with a stiff euro. Most of
      518 words
    • 439 24  -  P nexclusive SAP looking to replace ageing fleet of Land Rovers All reports by I Christopher Tan THE Singapore Armed Forces is test-driving a number of SUVs (sport-utili-ty vehicles) with a view to replace its aging fleet of 3,500 or
      FILE PHOTO; GENERAL MOTORS  -  439 words
    • 333 24 THE government will forego more than $10 million in recurrent annual revenue when it introduces a lifelong driving licence on Dec 16. In the planning for four years, the plastic credit card-sized licence has a photo of the holder and details such as date of
      333 words
    • BUMPER to BUMPER
      • 123 24 ARE Singaporeans spending too much on cars? According to a Land Transport Authority online poll, they seem to be. Almost half of tboee polled vend more than 30 per cent of their take-home pay on car expenses, excluding depredation coats. And about one-third of thetn
        123 words
      • 116 24 TOYOTA Motor will raise its 2QGB domestic produc- tion plans due largely to stroi* exports to the US, according to the Nihan Retcai Shtmbun. At the end f of last year, Toyota set a production target of 33 mil- lion cars. Now, the company has
        116 words
      • 101 24 MARK FMds, Font's former Mazda chief, has started on his new job as head of the Blue Oral's Premier Automotive Group (PAG). Mr Fields, 41, replaces Wolfgang Reitxfe, the former BMW whiz who has left to become chief executive of Linde Ag, a German
        101 words
      • 95 24 HONDA Motor is gearing up exports of low-priced motorcycles from its plants in other Aaian coun- I tries, whoee output has so ftur been intended primarily for sale in local markets, according to the Mho* Ketial Shimbun. In a bid to ttslsi of towpriced units
        95 words
      • 124 24 GENERAL Mptors will take part in a project to demonstrate fuel cell vehicles in Japan. It will bring Its latest fuel cell vehicle, the Opel Zaflra-baaed "HydroGen3", to Japan to take part in the programme. The company is actively involved around the world
        124 words
      • 144 24  -  r—pa ia by Christopher Tan BRIDGESTONE/Fireetone and Ford Motor have settled a suit brought by the ftmily of two people kißed when their Ford Explorer equipped with recalled tyres rolled over, according to Bloomberg. Ford and Firestone won't disclose terms of the settlement, reached just hours
        144 words
  • Page 24 Advertisements
    • 112 24 FirMwllMttpM—tatyhH rl«iifpwprfn,pti jn feL I jjjXtfjd H I V A ftoom from Juno 16 to September 10, 2002. Gold Passport mtmbfs «oy abo Mm II 1,000 bonus point* p%f stoy ot Grond Hyott Taipoi in July and Auoust 2002 by stmoiv fet B P" w "7*" 1 iW 000 nu
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  • FORMULA ONE
    • 1121 25 Formula One champion sets sights for a record after matching Fangio's famous five in France on Sundav Reuters [MAGNY-COURS, France] MICHAEL Schumacher has set his sights on a record sixth Formula One world championship after matching Juan Manuel Fangio's famous five in France. Asked
      Reuters; REUTERS  -  1,121 words
    • PIT Stop
      • 128 25 MICHAEL Schumacher will take tome tampHng to join rally driver Colin Mcßae in a contest between them. Briton Mcßae sounded enthusiastic about the idea of a charity challenge after hisreoord win in the Saferi Rally two weekends ago, but Ferrari's Schumacher was reluctant when asked at a
        128 words
      • 146 25 RALF Schumacher thinks that Ferrari, rather than hie brother Mirfrael, is the factor In Form ulaOne at the moment In a recent interview with Die Wtit newspaper, Ralf said he is disappointed that his BMW-Williams team has been unable to 9 keep up this
        AFP  -  146 words
      • 136 25 KutsENS Barrichello was on a plane ready to head home on Sunday when he heard his Ferrari team-mate Michael Schumacher had won a fifth One title. The« Brazilian, whose car failed to start at the French Grand Prix, promptly put aside his personal disappointment and headed
        136 words
      • 120 25  -  Hi 111 ibf Christopher Tan AUSTRIAN Alex Wurz says his hopes of returning to Formula One next season rest with three teams. "My tature will be with one of three teams," the current McLaren tester and former Benetton Grand Prix driver wrote on
        120 words
    • 563 25 Reuters [LONDON] Jenson Button will drive for British American Racing (BAR) from next season, the Formula One team announced on Monday. The 22-year-old Briton, recently axed by Renault in favour of Spain's Fernando Alonso, signed for the Brit-ish-based BAR team after finishing sixth
      Reuters; AP  -  563 words
    • 352 25 Reuters [MAGNY-COURS, France] The most disappointing race of Kimi Raikkonen's career also brought him his best result in Formula One on Sunday. McLaren's young Finnish driver was leading the French Grand Prix when, with five laps remaining, he skidded on a patch of oil
      Reuters  -  352 words

  • PERSONAL investment
    • 443 26  -  Bj/i Genovieve Cua rKUUJSNl lAL Assurance Co, the pioneer of investmentlinked insurance products (ILPs), is mounting a campaign to help its advisers educate clients on the need to plan for their long-term protection and investment needs. Chief executive Ed Navarro says recent government
      443 words
    • 1858 27  -  Citigroup asset management roundtable The world's economic recovery is underway, yet equity markets remain troubled with investors turning Worldcom-wary. GENEVIEVE CUA asks Citigroup asset managers, what's happening? GENEVIEVE CUA EQUITY markets appear to be roiling in pessimism, at a time when major economic signals are mostly positive.
      PHOTOS BY ARTHUR LEE  -  1,858 words
    • 971 27  -  markets Major shareholders selling out of FAN, DelgroCorp, The Hour Glass By Robert Halili The writer is managing director of Asia Insider SENTIMENT among directors and substantial shareholders remained bearish despite the market's sharp fall in the past week. The Straits Times Index
      971 words
  • 5164 26 Transaction date: Jul 23 for live prices, log on to wwwxiskumemarketsxxrm Uf *1 Oa» WINl Mk Dt» GrVW M MCa «M| *g gaa a* flg st ag ag c* m us m» AlWAiiluWLC 56c 205 13 c Ad Dynarnta20c 14.5 inch 205 143 125 11 143 0 7
    5,164 words
  • 45 26 ■y- '-n a a g-s-a KMO ®10 s Dwmondk USMXM 7860 MOO MOtsSCUUSKdi UUiOO ttt t IS MSO Spore UBS MS uao mm bmkoo ushooo USOtO 900 0 8380 8360 1800 1185 151 IST1ETF100 IM *27 J 1588 1559 1586 1539 --II I
    45 words
  • 1213 26 i£ *j. |£L -P** Mto M> MM M MCa Nh| -3E_!2L_£=E3 —<21 u» mm, s*m cm m «a tB V 15 tjc «ck K5 11 c apossc a s ni ii S2 5 S6S 273 c AS Auto 10c 3S5 19 355 355 XS X x «2 i
    1,213 words
  • 340 26 R* w Of 110H btk Ota MM Mat mCm Cwwf n* W- 1W U» Mta CVr H W jj m AVJwnmgiAiVA *5 «03 KM 100 963 993 100 40 34 101 5 J 2142 CrtmNl]kMt 720 2® 2.1 7.4 6 243(62 Omaig KongSOc HK. 1700 240 (J 17
    340 words
  • Page 26 Advertisements
    • 39 26 if BiHH </e BEb' ■(•iomal A«exT. Showroom t Service Cehtac, CHALLENGING T I M F S To celebrate th 30th anniversary of the Royal Oak. Audehars Piguet is BACKIN6 ALINGHI. SMISS CHALLENGE FOR THE AMERICA'S CUP 2003 fc»~ ..__l__l^_.
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  • Page 27 Advertisements
    • 30 27 B Iv B it B 15 QUEEN #01-01 TAN CHONG TOWER. SINGAPORE *****7 6336 4477 3v4oCm'f%\ I £tNA D 9A87 OfFICE HOURS MON-FRI 9AM-6TM; SAT: 9AM-3PM l!? t3r I r>i7jfit
      30 words

  • EXECUTIVE money
    • 941 28  -  With the government's latest policy moves, your CPF will not be the sheltered nest egg you thought it would be. If s time to really take matters into your own hands, as Genevieve CUA discovers GENEVIEVE CUA IN case it isn't clear by now, the
      FILE PHOTO  -  941 words
    • 594 28  -  Reports by Genovieve Cua FEAR of loss is almost palpable, yet long-term capital market history shows that if you have the discipline to stay invested, you are likely to beat the CPF interest rates hands down. Now that the CPF will move towards the provision
      Source: New  -  594 words
    • 551 28 SAP data shows risk-return profiles not always consistent IF you think that all funds invested in the same asset class have the same risk-adjusted profiles, think again. Among global equity unit trusts, three sit in the most attractive space of having achieved above average
      551 words
  • Page 28 Advertisements

  • FASTEST GROWING 50
    • 403 29 ENOUGH of the doom and gloom. Despite the double recession of the past few years, some companies in Singapore have grown revenues dramatically, stayed profitable and just kept chugging. Just take a look at the list of Fastest Growing 50, an inaugural ranking by DP Information Networks
      403 words
    • 863 30  -  Its strategic alliance with a German company—and being in the right business at the right time is paying off for SCM Microsystems (Asia), reports euceme low EUGENE LOW IF there is just one piece of advice SCM Microsystems (Asia) chairman and director Tan Tai Chew has for
      CHRIS LOH  -  863 words
    • 820 30  -  Good planning and foresight has helped ATI, which services aircraft engine parts, to overcome the fallout from Sept 11 on the aviation industry. Adeline cma reports ADELINE CHIA THE four-year-old Singaporean subsidiary of US-baaed Airfoil Technology International (ATI) certainly didn't see it being
      820 words
    • 660 30  -  Sinoying has been ranked the fastest-growing company over the past three years, aarom low reports AAROM LOW MUCH has been said about the fiery determination of the Chinese to make it in the business world and Sinoying Singapore is a good example of that
      660 words
    • 951 32 Singapore's 50 fastest-growing companies come from a broad range of industries and have grown rapidly against the backdrop of recession and retrenchments WITH the Singapore economy dipping into recession twice since 1997, it may come as a surprise to find companies whose revenues have seen compounded
      951 words
    • 102 32 SET up in 1978, the DP Information Network (DP Info), a credit and business information bureau, works together with businesses, financial institutions, law firms, consulting firms, government agencies and trade organisations to provide a comprehensive range of credit and information-related services. DP Info delivers responsive data-aggregation portals,
      102 words
    • 1139 32 THE manufacturing sector made a strong showing in the lastest GDP numbers, which saw second-quarter growth at 3.2 per cent, pointing the way to recovery for Singapore. The sector's strong performance is not surprising since the companies leading the economy out of the
      FILE PHOTOS; Source: DP Information  -  1,139 words
    • 764 34  -  Extending its close connection with Changi Airport, Sing Tel Aeradio is wiring up Singapore schools and homes. adeune chia reports ADELINE CHIA FEW companies can boast of such a relationship with the 21-year-old Changi Airport There since the first day, Sing Tel Aeradio now operates almost all
      CHRIS LOH; FILE PHOTO  -  764 words
    • 782 35  -  Delgro Engineering is banking on the design and manufacture of specialised vehicles, as ADELINE CHIA finds OUt ADELINE CHIA "LET'S just say that the conditions of our office are very different from this," says Lim Hung Siang, chief executive of Delgro Engineering, referring to parent Delgro
      CHRIS LOH  -  782 words
    • 1520 38  -  Good planning and a knowledge of the GST rules can help businesses minimise unnecessary cashflow costs, say MICHAEL VAUCHAN a nci YEOKAI ENC MICHAEL VAUCHAN, YEO KAI ENG DUE to Singapore's low Goods and Services Tax (GST) rate, businesses have traditionally concentrated on managing their corporate income
      FILE PHOTO  -  1,520 words
    • 1064 39  -  russell aubrey highlights some of the tax issues that Singapore companies venturing overseas face RUSSELL AUBREY SINGAPORE companies, used to the relatively straightforward and low rates of corporate taxes here, may find themselves tripping up on tax matters when expanding abroad. As Albert Einstein once said:
      REUTERS  -  1,064 words
    • 1320 41  -  Will companies embarking on quality improvement apply the same rigour to corporate governance as they do to manufacturing? simom London examines the issues SIMON LONDON FT WHEN Jim McNerney took the top job at 3M early last year, one of his first moves was to launch
      FT; AFP; REUTERS  -  1,320 words
    • 232 41 wsims GAGR(%) RANK NAME BUSINESS CAGR(%) TURNOVER* 1 SlnoytngStagapoca Wholesale 257.1 26 IMD Technologies Manufacturina taa 2 BrtHah-Amerlcan Tobacco MartwMngjS) Wholesale 2U3 27BanaNnglndu1r1al Manufacturing 72* Singapore Communications/transport 223-3 26 M—i Aala (thNW "Wholesale TM~ tetRjgftOiffi) Whotesale 2104 29 fQCTachnofegloeSingapore Wholesale 69 0 5 y°f -Wholesale 191.8 30
      232 words
  • Page 29 Advertisements
    • 381 29 DlolololololQlololololoiololo To 1 0 1 0 1 0 1 0 1 0 1-0 1 0 1 o. 1 0 1 01 01 0 Si" OPENING THE DIGITAL WORLD i3is OIQIDIQIQIOIDIOIOIDIDIOIOIOIDIOIOIDIOIOIOIOIOIOXOIOIOIO SCM Microsystems (Asia) Re Ltd s honoured to be counted among Singapore's fastest growing 50. MICROSYSTEMS ■JJHHMHH SCM Microsystems (Asia)
      381 words


  • Page 31 Advertisements
    • 269 31 I Be prepared with Business Vantage I At HSBC, we understand that flexibility of maximizing returns on around the world helps us understand I events elsewhere in the world can have your assets while maintaining the and meet your business banking needs. I H an impact on your business. That's
      269 words



  • Page 34 Advertisements
    • 137 34 Li. u w iff m m ifv -rr it UPS e-commerce solutions can make your workload fee! lighter. By putting the world at your fingertips, not on your back. Programmed to help your business run like clockwork, our solutions make light work of all your delivery needs. Providing you with
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  • Page 35 Advertisements
    • 59 35 I P1555' Airfoil Technologies Singapore (ATS) [j 4 jl jjjjf I We are honoured to be awarded with the 'Fastest I Growing 50' Certification 2001/2002-in our fifth growing I I year of operations here. We thank all our crew and I strategic partners for their support. I TFCHNOI Or,lf M
      59 words

  • Page 36 Advertisements
    • 72 36 jar, B H .sa&'k, 3|,'': .gfc I <: t; a« ik H Our Core Sen® Nefc® 'iWMk J* >' v i_ -r_,n ■Ml lilffii—. M£&m iff* I 6IH mr IP* ->■— Hi F I 1 p:s=r I I :5P= I 1 1 I I= I *3ZwT I *i— Jtn I
      72 words

  • Page 37 Advertisements
    • 65 37 b> z2? jj^^R KL. Ss Kr V Vwi- MKF B I I Systems gj^g^j I Telco Infrastructure S Multi-Media Solutions H Cn Professional Services I Structured Cablings I!P Airport Facilities Management Consultancy I Transportation Industrial Systems Integration 1 K M „—-—^—^i.^———— artiest congratulations ffOVJ MM' **AM r\ lllm® ImTfflFiSl Lucent
      65 words

  • Page 38 Advertisements
    • 143 38 Sinoying Singapore Pte Ltd has At Sinoying Singapore Pt© Ltd, we believe in attained the "Fastest Growing 50" makin 9 the impossible possible. The pursuit of excellence underlies everything that we Certification a mark of do. Having entrenched our foothold as a recognition for being the nation's leading oil trading
      143 words
    • 340 38 Mell Done a.V li I H li J| M II 1 I 1 SIMOYNG SINGAPORE PTE LTD 26 IMD TECHNOLOGIES PTE LTD I 2 BRITISH-AMBtiCAN TOBACCO MARKEfING 27 BANSHNG HDUSTMAI 00 PIE UD I (SNGAPORE) PTE UD 28 MAXEII ASIA (SNGAPORE) PTE LTD I 3 AIRFOIL TECHNOLOGIES SINGAPORE PTE LTD
      340 words

  • Page 39 Advertisements
    • 56 39 T' jl4 I I i 1 V i v\\ <' 7 sap, %x >/ Enjoy savings of more than $2300 with our Bth8 th birthday treats! '.III';! I I 'll' I lII'.I I Hi' I >'• i (Dynamic) Time Based I Dynamic) Volume Based Dynamic) Unlimited "Y 6532 0930 business@singnet.com.sg
      56 words

  • Page 40 Advertisements
    • 169 40 >"*- '':"-v™ 'V- *3j*T' Z& fsi g 2 v.^i-,.. Poised For A New Dynamism i 11"' n 1 1 1 -'■^i'>'tnV ir-if-ir fmitfif iiin'i ii -m•■• ,yr ,^v.Jy, iSJillr EXCELPOINT SYSTEMS (PTE) LTD Honoured To Be Amongst Singapore's "Fastest Growino 50" I If K K 111 I I I JJO
      169 words


  • Page 42 Advertisements
    • 230 42 -~X*j v; f Y i I I Stage 1 e-business is about conducting business transactions on the Web in older to increase profits and provide better customer service. S :V Stage 2 e-business is about integrating core processes to establish more responsive relationships with employees, suppliers and partners. Stage 3
      230 words

  • SHIPPING TIMES
    • 260 43 Reuters THE Baltic Dry Index (BDI) feu five points to 976, the Baltic Panamax Index (BPI) dropped six points to 963, the Baltic Handymax Index (BHD firmed one point to 7,493 and the Baltic Capesize Index (BCD was down nine points to 1,111. Angelic Grace (built 2001) 74,784
      Reuters  -  260 words
    • 181 43 «k 'mmmttm Ma n *t- i* CWTOMrttwtlon—0.78 -0.01 4 Cmco Invwtnwnt—021 OOI 202 Frttaht LHu 0.05 tmch 15 MHOMM 0.76 002 96 0.24 uncti 849 Kapp*C4» AAA 0.08 1223 kwiiiwm an -o.oi km K*PP*tT*t» 0.95 04)1 285 tiirayHwlM 030 -o.oi 380 MpMtock 0-38 gndl 0 NO 0.96 O.OI
      181 words
    • 695 43  -  decides to stay with PSA, clinching long-term deal By Beth Jinks [SINGAPORE] Champagne flowed at PSA Corporation's headquarters yesterday as key customer Hanjin Shipping and the port operator ceremoniously signed a "long term" terminal agreement and pledged future "business cooperation". It was described
      CHRIS LOH  -  695 words
    • 424 43  -  Threat of bracking worsening around war-torn Somalia Byl Beth Jinks [SINGAPORE] Indonesia remains the world's worst and most deadly piracy hotspot, with 44 incidents of 171 reported worldwide occurring in its waters in the first half of 2002. Four crew were killed, 14 injured,
      Source: IMB  -  424 words
    • 367 43  - Antwerp por t's box volumes up 13.7% Bat conventional, bulk cargo down in first half By 1 Beth Jinks [SINGAPORE] The Port of Antwerp enjoyed 13.7 per cent growth in container volumes in the first half of 2002, but suffered a "worrying" 15.6 per cent drop in conventional cargo and
      FILE PHOTO  -  367 words
    • PORT Shots
      • 177 43 AFP [CALCUTTA] An Indian passenger ship carrying 800 ran aground in eastern India's Bay of Bengal. There were no casualties, according to the state-run Shipping Corporation of India, which owns the carrier. However, the accident caused major holdups to ship movement to eastern India's busy
        AFP  -  177 words
      • 94 43 Dow Jones Newswires fBEIJING] The volume of cargo handled by the port of Tianjin increased 22.3 per cent on year in the first half 0f2002 to 84.9 million tonnes, of which 52 per cent came from foreign trade, the Xinhua news agency reports. The volume
        Dow Jones Newswires  -  94 words
    • 825 44  -  STRAIT TALE -By David Hughes TO the general public, tankers are nasty things that cause pollution and sometimes catch fire and explode. Unfortunately, as Singapore knows only too well, tanker accidents do occur from time to time. But the reality is that tankers carry the lifeblood
      FILE PHOTO  -  825 words
    • 164 44 PA6C ecmrtrMs 4 AvMt to CLM 10 S ttoryllw ISA i HM# 4 BSC 10 "W*IHS« 5 n 10 Hit* 3 CMACGM 3 H*Um 10 COSCO NUM. 10 CmMEx 4 Nyntt 4 Chah*y» 10 Mm 9 CNMSDpi 5 9 Carter to Mareti Comj* 5 MtnMriw to CVTOoMM
      164 words
    • 15375 48 THEBUSINESSTIMES EXPORT ETA ETA AdwrtMr V«Ml Voyaga Til—hum ETA ETA AdvartHar VkmI Voyaga TllMln.li i SSraSSSmilEIBSBj^ 02/00 24/00 CMA CGM BREMEN BRIDGE 04W 45******00 Ik ABIDJAN (ABJ) 2003 Cot* D'lvoir* 03/00 o2/0* OASC najran cam 45*422*4« 31/07 17/09 COSCO EMPRESS HEAVEN (TOW 45******00 HW 25/00 NYK OOCL SHANGHAI
      15,375 words
    • SHIPS IN PORT
      • 512 53 voywo Bwto Arrtwi txpytirt JM|M AHAOHtt *001 M 24/07/206*0 2S/07/20«H» mt«M MM Mom JB 24/07/200*0 24/07/*****9 MYSVATH22I KIT! J02 24/07/2017*0 24/07/*****1 ITOUMMM ***** J01 24/07/200*00 24/07/2016*0 IT M MMH 0VJU-02 J01 24/07/20*30 24/07/202*59 ■TNURMAJM ***** JW 24/07/2011*0 24/07/20M*0 IT PCMVAft ***** JM 24/07/200*00 24/07/20*00 IT PU. TOOt *****
        512 words
      • 1490 53 CONTAINERS TERMINAL AND VESSEL SCHEDULES V*** 1 Out t» Berthing Uw- tor* Voy»9« Voya9« berthing Nnbc acmkvbi 339 g» **********00 2*********** ACX VWUT Q45W 045W 27/07/2002 1SQ0 2^*****2-0300 AtAMIAYA 2 MPS M05 ggMMMMO *****002-0700 ALMOOf C200W C200W 27Q***** 1800 *****002-0900 AMW 1 007 007 2407/2002 1101 **********00 103
        1,490 words
      • 160 53 Mmi Switzerland: National Day UK Bank Holiday (Soot) Singapore: National Day A^ia Thailand: Queen's Birthday Aag IB Belgian: Assumption Day France: Assumption Day Italy: Assumption Day South Korea: Liberation Day *«X 7 Indonesia: Independ Day AagM UK: Bank Holiday Amg 31 Malaysia: National Day Philippines: Nat Heroes Day
        160 words
      • 769 53 THIS report compiled by Cocked Mi rlne Oil Ltd. chows price ranges in US dollars Instead at single prices for a more comprehensive description at the market Prices shown are baaed on average sized stem Market movements are indicated. The Cockett Bunker Price Index change and
        769 words
      • 372 53 C«ftM MO Mm mi 0.4 B5 0.06 71 OJU 0«NJty Mr MM r' Ho *ow [25 0 0 1 0 0 0 310 Aw Mi 02 M.3 0.06 29 0.02 Ina 300 Ha 990.6 0.9 S.9 0.8 124 040 mfirt »«A %mM %ww —m H>*»wt3S 0
        372 words
    • AIR & LAND transport
      • 529 54 FABMBOROUOH AIR SHOW Bnt hope lies in defence spending rising to counter terrorist attacks Reuters [FARNBOROUGH, England] Boeing, the world's leading plane manufacturer, warned on Monday that the aviation industry, still reeling after the Sept 11 attacks, was suffering its worst fall
        Reuters  -  529 words
      • 352 54 New Virgin aircraft is the focus of attention at display NYT [FARNBOROUGH] Leave it to Richard Branson to bring the party supplies to a wake. With the irrepressible founder and chairman of Virgin Atlantic Airways on board, a new Virgin Airbus A 340-600
        NYT  -  352 words
      • 463 54 Reuters [LONDON] British industry has thrown its weight behind calls for more airport capacity across the UK, particularly in the south-east, saying new runways are vital if the country is to remain attractive to business. The calls came hours ahead of the
        Reuters  -  463 words
      • 277 54 Reuters [SEOUL] Asiana Airlines returned to profit for the first half of 2002 helped by a stronger currency, South Korea's second-largest carrier said on Tuesday. It posted a preliminary 91.1 billion won (*****.8 million) net profit versus a net loss of
        Reuters  -  277 words
      • 534 54 India-Pakistan imrest added to Sept II woes, but improvement seen by year-end Bloomberg [NEW DELHI] Jet Airways Ltd, India's biggest private airline, said sales growth may slow this year as overseas visitors put off travelling to India because of religious riots
        Bloomberg  -  534 words
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    • 47 52 CONFER (S.EJL) SHIPPINQ PTE LTD TEL: *****868 FAX: *****245 DtftSCT CONVUmOMAL MRVICa TO CHITTAQONO VESSEL SIN CTO EMERALD M-M JULY 01-08 AUQ BMBCT NUA/oomamoML aamoMTCi. WWWrtw itotm Q*uMl Baits, KMHQMnMtan TuacM*. CoMi NrEm HoOil^Me*iOF»MTVon»l*r*.BWE*.Buwi yCMJlt l r.|..iy w 6wpi Fakakxa* tawtiaw Hntu) Mat taßKhm rUMIM JrtMvQtokTaMLms.Qra.BMkm. VUMfclflH*
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  • Page 53 Miscellaneous
    • 169 53 RT MMgaMBBBBBLBr^v 1 y<*i JH BR yHi .■IB V A x* -r < i lagr s3»' iC«4y i r? rfl (S»5 I Bifl 2%L v ii i ,t y 1 fid ■iL^'S^-^ft 1 V^^Ws,J^_ 7 *~*li< —*t TT 1 I >-\4 v V jg LEGEND: issued by Meteorological Services Division,
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