The Business Times, 29 July 2002

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 010/03/2002 est SINGAPORE Internet: http://business-times.asial com.sg MONDAY. JULY 29, 2002
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  • 65 1 Week Change STI UtiM MM SDISa FUTCRE-I87 JO -719 KLSEOOMP 717.71 -477 NIKKEI 9£91.8t 41US HANG SENG —1,***** 4ttJ4 SET INDEX IW.47 -!7Jt JAKARTA OWP—44L88 -4197 MANILA US9.42 -8&14 TAIPEI WP! iiUi -V*M sboul coup mm *78 SHENZHEN B ***** -11.19 AUST AIL ORO-1941.10 -***** DOW JONES —*****9
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  • 60 1 FVKlATBi U8$ USS (8S per US$) 1.758 £(USS/S$ per 1.579 1776 EU10(l®S/8*E). LOW 1.760 YEN 111 A mo RM 10M 1102 HKS im 4.437 BAHT 41.7# VLTt WJPIAH 9,11* 5,191 ram bates 8LNGAP0RE* fctf KUALA LUMPUR MO HONGKONG- fcltt JAKARTA MOO TAIPEI 1625 TOKYO 1176 SEOUL Mi FRANKFURT Uf
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  • 636 1  -  MOP to set up council whose tasks include prescribing accounting standards exclusive By Angela Tan [SINGAPORE] Singapore is studying the idea of treating stock options as an expense item in a company's profit and loss statement a move that would drag down the reported profits
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  • 656 1  -  From 4 Anthony Rowley in Tokyo ALL seemed to be sweetness and light when energy ministers from the 21 members of the Asia Pacific Economic Cooperation forum (Apec) agreed last week in Mexico City to cooperate on securing stable energy supplies
    REUTERS  -  656 words
  • 618 1  -  -^exclusive Exports toUS jump 75% to USs67sm in first 5 months From] Harish Mehta in Bangkok i i VIETNA&|]Sv economy is bounding along, catalysed by a landmark trade agreement with the US as well as underpinned by strong foreign investor interest and a consumption
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  • NEXT page
    • 673 2 Aug 14 deadline on accurate reporting and better earnings lifting mood Reuters [NEW YORK] Corporate scandals have battered US equities markets recently, but investors should start nibbling at stocks again this week as the corporate earnings season wraps up. "A lot of the
      Reuters; AFP  -  673 words
    • 382 2 Proposal led to slew of criticisms and selldown of small coasters on Friday Reuters [HONG KONG] HONG Kong's stock exchange is rethinking a proposal that could boot hundreds of "penny" shares off its main board, after the plan sparked
      Reuters  -  382 words
    • 912 2  -  COMMENTARY How can users of Net banking learn from breach if the police do not shed light on how it occurred? Catherine Ong asks Catherine Ong IN an age of the Internet where speed is the essence of communications and commerce, it is disconcerting
      912 words
  • Page 2 Advertisements
    • 360 2 Asia Racffk A Management Centre > 9 CBim *MBI Professionals in Executive Education ■*>■« w V. V V O %Pur students deserve the Best A Degree and a Mercedes-Benz! School of Business fc Management PhD in Business Management 9th intake 28 August Doctor of Business Admin (DBA) 7th Intake 28
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    • 43 2 OTHER REPORTS R Siv&nithy: Is Dow going the way of the Nikkei? Pg 4 US economic recovery is sure, but slow, Pg 13 Market volatility unlikely to sink East Asia into crisis again, Pg 11 Congre— d—rto giving Bush trade authority, Pg 13
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    • 8 2 Plenty of life in HK'sIPO scene, Pg 12
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  • SINGAPORE companies
    • 548 3  -  It's having another roadshow, setting up first overseas office in China Byl Loh Hui Yin THE Singapore Exchange is stepping up efforts to attract Chinese companies to list here as arch-rival Hong Kong works harder to retain its dominance as a host for
      FILE PHOTO  -  548 words
    • 709 3  -  imTPI lock siew loh hui yin THE slew of measures announced by the Hong Kong Exchanges and Clearing (HKEx) last week to simplify and speed up listing procedures was aimed at ensuring that mainland and Taiwanese companies will continue to list on its bourse. But
      709 words
    • 242 3  -  By x Teh Hooi Ling PORTEK, a provider of equipment services and solutions to the global port industry, has secured three contracts amounting to about US$6.B7 million in Vietnam, Indonesia and China. The major contract, which accounts for more than half of the
      242 words
  • Page 3 Advertisements
    • 30 3 Makeover for Hong Leong Asia, Pg 10 (,K\K\K MB M T K (!\NKI I'HIiONIH'.K'AI'H 1 IHMI IIMI .MNI S IN ONI MOViMINI complications SINGER E SINGAPORE MALAYSIA FRANCK Ml'llEß BOUTIQUE
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  • SINGAPORE markets
    • Article, Illustration
      296 4 OTHER SINGAPORE INDICES Jul 20 VALUE CLOSE WW8I 929.00 -263.00 KTOm -*****.00 -167.00 -*****.00 -93.00 403.42 -5.96 WMhlBid 123.25 -5.36 MipJlMFh 1320.09 -24.81 400.74 -15.86 WO—ppt 187.17 -3.17 Chart Semiconductor 26c 92.951,000 NeraBec 5c 91.881,000 NTimtnlllc 84,761,000 QianHu 10c 75,007,000 BtL IrrtJ US20c 64,496.000 Datacraft 10c 63.173,000 FJBen W*****6 00,255.000
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    • 301 4  -  HOT STOCK/ WARRANT By] R Sivanithy KEPPEL Corp last Thursday reported a decent 31 per cent jump in interim earnings but saw its shares drop 6 cents to $4.32. Was the stock simply a victim of the poor sentiment that enshrouded
      301 words
    • 798 4  -  I -it comment STOCKS r. sivanithy History, it is said, often repeats itself. Back in the decade of the 1980s it was the Japanese stock market that captured the imagination of the world when it enjoyed its best-ever bull run, taking with
      798 words
    • 699 4 AFP [HONGKONG] Asia's major currencies faced a torrid week with ftirther volatility in the fraud-prone US wreaking havoc with local units. The Wall Street roller-coaster prompted panic leading to falls across the board, with continuing uncertainty the watchwords for the
      AFP  -  699 words
    • 138 4 ♦LANTROVISION (S) will bold its EGM on July 31, at 10.00 am, 102F Pasir Panjang Road, #03-03, Citilink Warehouse Complex. ♦SINGAPORE Telecommunications will hold its A6M on Aug SO, at 2.90pm, 31 Exeter Road, Comcentre, Multi-Purpose Hall, Basement 2. ♦GP Industries will go ex-dividend (final dividend of 1.00
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  • 2335 4 UNIT TRUSTS FUNDS Com Global Travel Index Fd 0.679/ Com S'pore Bond Fund/" 1.0V AM/tarataMt MatCS-pare) CradM Africata M M«t S'pore Ud Star Europe Eqtyl* 0 606/ Indocam Am Vtoonf 0J9M.M4 Star Europe Ba 1.058 Star Europe Bat 0813/ DCS Aaeet Mat Star Aaian Tiger Eqty 0 723/ Shenton Twin
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  • SINGAPORE news
    • 226 5  -  oinn^conomy cpf By* Teh Hooi Ling THE first increase in the employers' Central Provident Fund rate will come in July 2003 at the earliest, and only if the economy continues to recover, said IDEAglobal. "We also expect the government will be initially very
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    • 199 5 TO nurture a society that looks beyond material success to the "softer" aspects of life, Singapore should address squarely the concerns of its ageing people, and promote the family, sports, and the arts. The "Beyond Credit Cards" workgroup of the Remaking Singapore committee
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    • 505 5  -  Analysts estimate trust will yield around 8% given shorter leases of buildings By Kalpana Rashiwala JTC Corp's corporatised subsidiary Ascendas and a unit of Australia's Macquarie group are bundling eight of the former's Singapore properties worth more than $600 million for their coming
      505 words
    • 223 5  -  By 1 Teh Hooi Ling SINGAPORE Press Holdings (SPH) has obtained provisional permission from the Urban Redevelopment Authority to redevelop the Times Industrial Building site into private homes. The Thomson Road site covering 20,780 sq m can be redeveloped
      223 words
    • 271 5  -  Prom Harish Mehta in Bangkok TWO Singapore firms are planning to enter the hotel market in Lao Cai, a hill station retreat in northern Vietnam, close to the border with China, in a bid to tap the growing number of rich Chinese travellers.
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  • Page 5 Advertisements
    • 68 5 to underadvocate seasoned judgment. personalized tune reassurance www.ubs.com/aaa B B^^B 4® übs Switzerland BaV B*fn Gent* Lauwnn* Lugano Luwn Si Ga«*r Zunch 1 a*"*™ Berlin B.H»<*ifl Bologna Bofdwm OuwMorf F»*<w Ffankfu>tM*n Hamburg inn Lorxtan i 9 luwmbourg Lyon M<**d Ma**t« Man« 4* fuHano Monaco Munct*n Nantes fupob OMiM Pans SWU
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  • Page 6 Advertisements
    • 1489 6 tor IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that the annual general meeting of IDT Holdings (Singapore) Limited will be held at The Executives* Club, 65, Chulia Street, OCBC Centre, #33-01, Singapore *****3 on Wednesday, August 21, 2002 at 2:30
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    • 1585 6 B- CoMM I-COMM TECHNOLOGY LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the annual general meeting of l-Comm Technology Limited will be held at The Executives Club, 65, Chulia Street, OCBC Centre, #33-01, Singapore *****3 on Wednesday, August 21 2002 at 10:00 a.m. to transact the
      1,585 words

  • MAIL bag
    • 826 7  -  Chong Kok Peng, Joseph Chong New Independent, Independent Financial Advisers ACCORDING to a recent study in the New England Journal Of Medicine, men and women over the age of 65 have, respectively, a 33 per cent and 50 per cent chance of being
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  • Page 7 Advertisements
    • 127 7 c»ud 0 &r»lct fhm Pifhoot 4" h**ki °f dfofb-do" »a*na> bpr* <k 4 ■ife^ HI, I Hflr iiriiiilhM ft I W jM ft I Wff ■fc. ,-j mm BUSINESS SERVICES/PRODUCTS I The Straite Times Classified. Classifications 201 266. Buy it sell it Find it Wa wakiomahttar*. E-mail us at bOattarQspti.com.*g
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  • Page 8 Advertisements
    • 1810 8 PACIFIC ANDES (HOLDINGS) LIMITED (Incorporated in Btrmudm wtth Limited Uobthtf) NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of Pacific Andes (Holdings) Limited ("the Company") will be held at Mercury Room, The Raffles City Convention Centre, 2 Stamford Road, Level 4. Singapore *****2 on Tuesday. 20 August 2002
      1,810 words
    • 1540 8 i i*p Duoiiioao i iivies, Muriuay f July zy, zuu BARCLAYS PLC BARCLAYS Head Offict: 54 Lombard Street, London, EC3P 3AH 11 Sm fl a P° r> OW'w: 23 Church Street #13-08 Capital Square Singapore *****1. Robinson Road P.O. Box 887. Singapore *****7. Tel: 6395 3000 11 Balance Sheets as
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    • 295 8 In Rio Moat i ml Tlx Companies Act. Cap. SO And In Htm MoNar ml JAK CONSULTING ASIA m LTD (bi Vnhjwloi liqaiddian) MEMRERS' VOLUNTARY WINDING-UP Al an Exkaordinary Gona>ol Mealing of R«e membert al ihe abo»enamed company duly corwenad ond held on 23 Jut? 2002 ft., following r«solutions daamed
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    • 167 8 NOTICE TO CREDITORS ANO CONTRIBUTOR ICS OF FIRST MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Compfil— Winding-Un Mo *****2 of 2002 In tie mailer of he Compares Act Chapter SO And In ttw matter o( SOFTIAK EMANCIPATION TECHNOLOGY (S) PTE LTD (Under tie Order tor wmdng-up of
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    • 210 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIA JAYA DEVELOPMENT PTE LTD (In Members Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members of the
      210 words

  • REGIONAL news
    • 1115 9  -  A look at the cosmopolitan world of the Andalus could help WRITER'S JOURNAL karim raslan THE tussle that Malaysia is currently experiencing between the forces of conservatism on the one hand and modernism on the other is by no means new to the Islamic
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    • 583 9 H GENTING HIGHLANDS, Malaysia AFP RUNNING a high-profile business which could get the king, the prime minister and half the population arrested if they became customers sounds like a crazy gamble. But it paid off handsomely for Chinese immigrant Lim Goh
      AFP  -  583 words
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  • CHINA focus
    • 1332 10  -  After its acquisition of businesses on the mainland, the group is now a fancied China play, reports Conrad RqJ, who also looks at one of its China-based businesses Conrad Raj IN one fell swoop, Hong Leong Asia has transformed itself from one of the few
      CHRIS LOH  -  1,332 words
    • 403 10 IF Henan Xinfei Electric's general manager and director Li Gen has his way, the company will in a few years be not only China's but the world's largest producer of refrigerators and freezers. Already this year, the company, which produces
      403 words
    • 714 10  -  King Wan aims to nBe Self-Cote Paint to widen business Byi Chuang Peck Ming KING Wan Corporation has more than its fair share of risks and problems when it comes to expanding beyond Singapore. Providing mechanical and electrical engineering services to public housing
      CHRIS LOH  -  714 words
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  • REGIONAL news
    • 577 11 Unlike in 97, region now has big current account surpluses, forex reserves, low external debt risk AFP [BANDAR SERI BEGAWAN] US-led global market volatility is unlikely to plunge East Asian economies into a 1997-type financial crisis because the region is
      AFP; AP  -  577 words
    • 269 11 HONGKONG Reuters HONG Kong's tourism and hotel businesses have urged rival Shanghai not to buUd a Disney theme park "too soon", saying such a project would hit tourism in the territory which is already setting up a Disney park. They made
      Reuters  -  269 words
    • 221 12 BEIJING Reuters BEIJING has picked a San Francisco-based firm's design for the Olympic park that will stage the 2008 Games, despite infighting over the plan's use of scarce water resources, state media reported on Saturday. The layout by Sasaki Associates, which had earned the
      Reuters  -  221 words
    • 707 12  -  -li comment HK STOCKS Despite poor economy, some 120 listings are expected to raise HKs9ob this year audrey tan HONG KONG'S mum-and-pop investors have shown that notwithstanding the lousy economy, they are still game for a bit of quick speculation on the stock
      707 words
    • 140 12 SHANGHAI CHINA'S State Administration of Foreign Exchange, or SAFE, said from Aug 1 all banks in China will become eligible to sell foreign currency to local and foreign individuals. In an announcement dat- ed Friday and posted on its website, SAFE
      140 words
    • 277 12 MANILA Reuters THE Philippine central bank is open to a further cut in its overnight interest rates if the United States decides to ease rates again to try and spur growth, governor Rafael Buenaventura said yesterday. The bank's key overnight
      Reuters  -  277 words
    • 873 12 COMMODITY Weeklyßoundup AFP [LONDON] Commodities markets were roiled last week by a stomach-churn-ing ride on financial markets around the globe as investment funds sold assets to offset losses in equities. GOLD: Gold prices slumped on heavy selling by investment funds reeling from plunges on world
      AFP  -  873 words
  • Page 11 Advertisements
    • 557 11 /|||i Ernst Young Singapore Congratulates Stefan Vilsmeier, /Mill) Winner Of The Ernst Young World Entrepreneur Of The Year 2002 Th lA/ German Stefan Vilsmeier may be a university dropout but he is the a wrong decision as keys to his success. He also talks about the ability rne World S
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    • 22 11 |p*r#*n H Lianhe Zaobao I I put punters I I I«pE3SI g,| I «A!K* I I WA& A I e- I yl
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  • 1076 12 FINANCE COMMODITIES Week ended: July 26 ZVDICATITE PRXCBS AMD YIELDS M-sne Marts>ap Short 1 -3yn.Long >3yrs SDroAFOgJBOOTEmmiT SBCinUTCBg DfDICATITE PRICB8 AMP TTHLDS Mm TwftMf Mrt—y tKi VTII 1 Mtm T—fm MrtHy tm YTM «6 mm 7YR 3.000 OHtov-02 ******02 101* 0.629% 100.51 100J1 7YR 4J75 1S-0ct-05 N796IOOA 192% U9% 107.60
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  • Page 12 Advertisements
    • 86 12 A Special Promotion Deal better th«i n ever before with laSuna PHUKET IH I l!l S I /<> r I rS S i IF: 1 a I a T and more o-h, Free dinner for 2 at host hotel Free Laguna Phuket Privilege Card valued at 565 Guaranteed late check
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  • WORLD news
    • 514 13 WASHINGTON Economists reckon stock market woes may slow, but not stall, recovery Reuters ALTHOUGH volatile stock markets are creating high anxiety, there is no real fear yet that a budding US recovery will be choked off, officials and economists said. "It's clear we're in
      Reuters; AP  -  514 words
    • 431 13  -  From\ Leon Hadar in Washington US President George W Bush is set to win congressional passage of a legislation that will provide him with an expanded trade authority, after the US House of Representative approved on Saturday a compromise Bill that would grant
      431 words
    • 343 13 NEW YORK At least 6 issues shelved this month as buyers banlk Reuters INVESTOR worries about shoddy accounting and credit risk have all but dried up demand for US corporate bonds, and that is spelling big trouble for a growing number of companies
      Reuters  -  343 words
  • 1284 13 aooMroTURgg WO ri»«i inwNnMrt CkN MM Opm MwO U» Sttt (hn) Merest 02 <39.00 S*02 139.00 Oct 02 139.75 «*»02 139.75 tSSIOBctahAf} Mm Ope* MwM> i» In Sltt <1H) gMWl **82 79.25 650 »02 78.75 1350 02 78.00 77.00 77.50 1925 1900 New 02 78.00 77.00 77JO 925 2100
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  • Page 13 Advertisements
    • 7 13 "™IJISE' I i^> a ßy, t 188
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    • 414 13 IHHL MMiMMB IN THE MATTER OF TW COMPANIES ACT. (CHAPTER 30) PURSUANT TO SECTION 290(1 Kb) At a General Meeting of COAST LINK SEAFOOD SUPTLY PTE LTD duly convened and held a Um 22*. 35 Fishery Pan Road Singapore *****2 on 23 July 2002 at 10.00 a.m., the following resolutions
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  • Page 13 Miscellaneous
    • 187 13 CRYPTIC CROSSWORD 26 Gibe about county town 27 The precise thing (8.7) 4 Heafjn# nothing disheart- charge (5) iaj YESTERDAYS SOLUTION 1 Glib words about Latin dish 16 The lady will fit into a leisure a™... 1 q (7) ensemble (5 4) Across: 1 Kept >i check, 9 Ch»2 to
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  • FOCUS america
    • 1393 14  -  The cost of a second Gulf War, which some believe may end America's economic woes, may well be too high, says Leon Hadar Leon Hadar CONSPIRACY theory buffs favour the notion that business interests have historically been the driving force in the road to
      AFP; AP  -  1,393 words
  • 766 14 ,M *~"*^tTrT-r||T nfitlTii hi t—V' 1 w rt'rtM»TrfTfttmhirni>w—iiBHiiiw mnMonBMiiotm>yMoeklilotoMdbyrilVwabralw«.TlMlri«oom■MM!oM«wplwado(i«1toSp(MiMtftnd««»a0adloprodiic*aiMan RECOMMENDATKM FORECAST WWAWTWM THBWEmmram («-r| Bat 3.40 38 **fc«MTa<ftnctodaaLJd Und—rtomi UWwpwtowi 0.20 mo MnttmcMfksm Undwpwteim Undamartorm -140 HoM HoM 0J6 88.8 itesaisefitei* M bw bib 12.1 ftjy Bu» 17.43 a.7 A8A0wu»»«MhB.tM StwaBw Stnontguy 7.70 4.8 Has H?W i« 27.0
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  • 622 14 i Week ended: Jul 26 C"—tl tm*mm m am amm "i **5 tBt "y> ,JW GMHUM IJt \4$0 -C 050 OCBC MO 11JOO -0.200 CtetMCondlk US 2J7C -0.170 OUC ui «jso C% O^r» 141 5 758 -0490 Partway H2Sc 0J7 0J20 OwbwTBc Ml VJM -0300 J6XK 0«3 11 JO
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  • 620 14 BONDS WARRANTS u« MCw ta» '■C e 3e2 c —fy «*r- rim i w» %—<, u> AST1W*****1 —XL5 1 16 43 1.J4 23 AcmaLtd1MM1116 1 mti 17 I SO Ml 3. SO 28 Airwtwe$0610 02-5 12.5 2H1 1 33 3 130 35 Amtiu»igWW***** 13 uxti 11 1 10 77 433
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  • WORLD news
    • 263 15 SACRAMENTO, California Regulators also impose one year's probation on firm for its conduct Reuters AP CALIFORNIA regulators have put accounting firm KPMG on probation for one year and ordered it to pay US$l.B million for alleged gross negligence and unprofessional conduct leading up
      Reuters; AP  -  263 words
    • 247 15 Reuters TELECOMS equipment maker Ericsson, which had its credit rating cut to junk status by Moody's on Friday, put on a brave face, saying underwriting of its U553.25 billion rights issue was not in danger. Ericsson shares, which shed of their
      Reuters  -  247 words
    • 355 16 FAIRFIELD, Connecticut CEO of parent GE is responding to calls for more direct control Bloomberg DENIS Nayden, chairman of General Electric Capital, was ousted as Jeff Immelt, chief executive of parent General Electric Co, took direct control of the finance arm
      Bloomberg  -  355 words
  • Page 15 Advertisements
    • 1612 15 BANKMANDIR^g, CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENTS OF As at December 31,2001 and 2000 PROFIT AND LOSS For the years ended December 31,2001 and 2000 (Amounts in nußnns of Rupah, except otherwise stated) 2001 (Amounts *1 mftons of Rupiah. except otherwise stated) (Restated) m 1,735*8 2,050,735 2001 (Restated) Current Accounts with
      1,612 words
    • 1484 15 KBC Bank N.V. KBC (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2001 Balance Sheet After Appropriation Profit Loss Account "S™ <*£ M ZWI 2000 in w ojp in thousands of EUR mowanoj ei tun Interest receivable and Mb income 11,543.636 *****.214 n Sr£^* Certrttafteand <mn ***>™>me securities
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  • 3619 16 Week ended: Jul 26 for live prices, log on to wwu 'jasiaonernarketsjcom M*"lL _f«Q—»_ GfOh* Ohr SfTW M MC« «M>| Ml 4 fW| u» Mhr Or m |3 w5 ABNAmroNtG 56c U 205 85 c ACEDynamics20c 12.5 -0.5 245 143 12.5 12 145 0.7 1 204 171 n
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  • 1007 16 T a w. A JTu.a*a.-s srs 2S5 UcAMHMpSc 14.5 -1 K ,5 w c £»°:S2?.z=2 a 5 ."S 1 i-;» .i S3 a:Ste=S 1 S s S s J s s 23 UctarMook M unct, 26 1« 1, JK H j as 5 13 c BW Hhte Sc
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  • 178 16 a, t y *5 m '57 too 93.5 93.5 95 40 34 10.5 5.5 2015 M 265 11 7 2<3f4J uwigKongsOcHK 17B0 >40 £3 £7 4 mke S5 45 CMy. 5oU»«UHK.55 2 7J U JU W G**ah2000U5 755 iT 7i an. ,W j 2»M 17 15 15 It
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  • Page 16 Advertisements
    • 22 16 Role* GMT Master II and Rote» Lady-Oatefust Hsj^ETl^Kl3l^^M^^B Officially Certified Swiss Chronometers 'Wm, see tne hchsx collection wsc Roy Eastern Watch H
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  • BizIT
    • 871 17  -  S'pore-based companies can take advantage of the big potential in semiconductors, network equipment telecoms and content by partnering other international players, raju cbbuam reports RAJU CHELLAM CHINA'S entry into the World Trade Organisation (WTO) will boost its demand for imported
      Source: Global Sources  -  871 words
    • 748 17  -  lli comment INFOTECH Charterad Smlannftiehw lim ghwwi SHippnwi over China. But will Chartered's Fab 7 end up being the lone 12-inch Cab here? lee han shih The writer is a BT Senior Correspondent. JUST who is James Morgan and why is he
      FILE PHOTO  -  748 words
    • 666 18  -  Despite a well-timed IPO, the HK-based company is struggling to turn a profit Byl Paul Chan CHINA may be surging ahead, but its namesake dotcom is struggling. Hong Kong-based Chinadotcom Corp, which owns the China.com Web address, has not been the best vehicle
      Source: Bloomberg  -  666 words
    • 186 18 Dow Jones [AUSTIN,Texas] Speculation regarding Dell Computer's plans in the handheld computer market has begun taking a more defined shape, with one analyst contending that DeU-branded products wUI be out this fan. First Albany Corp analyst Walter Winnitzki said he has heard that
      Dow Jones  -  186 words
    • IT TAKES
      • 71 18 AN ADVANCED Linux Porting and Optimising Centre has been set up at ITE East in MacPherson, with help from Caktera International Inc. The $700,000 facility will be the first of its kind in Singapore and offer training. It will also let the IT industry
        71 words
      • 66 18 SINGAPORE-BASED Sosarai Inc, which operates Asia's e-hub, Sesami.Net, has tied up with South Korea's maintenance, repair and operations (MRO) and construction materials e-marketplace. iMarketKorea. "A single platform built on common standards will be established between the two marketplaces," Sesami said. "The clients of Sesami and iMarketKorea will
        66 words
      • 59 18 SINGAPORE-BASED e-bii consultancy Acepk) Pte Ltd said it will tie up with two South Korean companies, including Samsung SDS, to provide inr^i Implementation and consultancy services for the ASP (Application Service Provider) consortium. "The objective is to pioneer and develop a state-of-the-art infrastructure for ASP
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      • 77 18 YAHOO and Priceline have announced a regional deal to market a new travel booking service. They will launch co-branded "Name Your Own Price" travel sites in Asia that will allow Yahoo users to save 20-30 per cent off typical market rates for airline tickets and
        77 words
      • 82 18 COMPUTER Associates International Inc and Singapore's iCo-op.net Pte Ltd now offer an integrated business planner solution under the iLIUP (Infocomm Local Industry Upgrading Programme). 'The solution goes beyond just automating sales, marketing or customer service processes," iCoop.net said. "With our Next Generation Enterprise Business Management
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      • 31 18 A CONFERENCE on "Tips, tricks and techniques" will be held on Thursday at The Oriental HoteL It is organised by Adobe. Fhr details, call **********or visit www.askuidobe.com/eoerus.
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      • 42 18 A SEMINAR titled "Gear up for quarterly financial reporting with SunSystems" will be held on Aug 6 at the Ritz-Carlton HoteL It is ornniied by Systems Union Software Pte Ltd. For details, lax *****31 or visit wuno.sunsysttmt.com.
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      • 38 18  -  Compiled by Raju Chellam A SEMINAR on "MMS—enriching your communication experience" will be held on Aug is at Swisaotel The Stamford Hotel. It is organised by Telefocal Asia. For details, lax *****994 or e-mail patrickt&ekfbaiLcom.
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    • 318 18  -  By Tang Weng Fai DEPLOYING an SCM (supply chain management) solution has cut the average cost of data collection for inventory by more than half for MTU Asia Pte Ltd, a subsidiary of Germany-based MTU Friedrichshafen. MTU Asia distributes electrical, gas turbine
      318 words
    • 128 18 Reuters [KUALA LUMPUR] Malaysia may allow the use of pirated computer software for schools and social organisations, Domestic Trade and Consumer Affairs Minister Muhyiddin Yassin was quoted yesterday as saying. "We are concerned over the rampant sale and use of pirated computer software
      Reuters  -  128 words
    • 340 19 But analysts say forecast amounts to wishful thinking Reuters [SEOUL] South Korea forecast yesterday that its semiconductor exports would nearly double in H2 2002 as more people replaced old computers, but analysts said the outlook seemed overly optimistic given uncertainty over the US
      Reuters  -  340 words
    • 135 19 AFP [WASHINGTON] A US Senate panel has called leaders of embattled US telecom companies to testify tomorrow about the state of the battered industry, the chairman of the committee said last Friday. Senator Fritz Hollings said his commerce, science and transportation
      AFP  -  135 words
    • 246 19 Reuters [NEW YORKJ Throwaway cellphones are set to make their debut on US convenience store shelves. Hop-On, a small company based in Garden Grove, California, said it has won US regulatory approval to sell its first phones, clearing the way for
      Reuters  -  246 words
    • 214 19 Reuters [CHICAGO] Motorola's new second in command, Mike Zafirovski, isn't known for taking it easy. On Friday, he took over as president of Motorola after the surprise resignation of Edward Breen. He was scheduled to compete in his first triathalon yesterday, swimming 2.4 miles, biking 112
      Reuters  -  214 words
    • 744 20  -  Some players and analysts remain uncertain about the sector's future prospects, ivam goh has the details IVAN GOH The author is a principal engineer with a Shanghai-based ICfoundry. DESPITE the downturn last year, two out of the top three Asia-based semicon companies did quite well
      744 words
    • 746 20  -  Say it kishore rochey The writer is a financial consultant with Swan Co, part of Kim Eng OngAsia Holdings. WHEN it comes to investing, most investors seek some advice from their financial consultant or broker to find out the fundamentals of the
      746 words
    • ON THE SHELF
      • 101 20 CREATIVE Technology has unveiled what it Haims is the world's smallest MP3 player, as well as its new graphics card. The details: Nomad MuVo (right): This MP3 player costs US$l7O, weighs 28 grams, is 7.3 cm long, 3.5 cm wide, and I.6cm deep, stores up to
        101 words
      • 45 20 HONG KONG-BASED TeleEye Group is ready with TeleEye in+ Video Recording Transmitters (VRTs), a remote security monitoring device. It offers remote video monitoring over IP networks and comes with a built-in hard drive. Prices start at $3,688. For HotaUc fax *****965.
        45 words
      • 129 20 SAMSUNG Asia has introduced—for the first time —three new printers in Singapore. The details: SCX-1100: This 3-in-l colour Inkjet costs $499. prints at 14 ppm in black and 7 ppm in colour at 2,400 by 1,200 dpi resolution; copies at 10 ppm in and 5 ppm
        129 words
      • 127 20 HEWLETT-PACKARD has launched a new digital projector, a notebook PC and a desktop PC. MP2810: This digital projector (left) costs 17,715, weighs 1.3 kg, offers 1,500 lumens' brightness at XGA (1,024 by 768 pixel) resolution, and comes with a 1.2 x room lflnß Presario
        127 words
      • 53 20 PLUTO Technology Pte Ltd has launched an USB storage device—Nexdisk—made in South Korea. It weighs 12 grams, stores up to 128 MB, is 7cm long, 2cm wide and 09cm thick, and supports USB I.L The 128 MB version costs $145; the 64 MB costs $96. For
        53 words
      • 67 20 ADOBE Systems has unveiled its two new image editing software. The details: Premiere (Lfr This digital viHan orilHng snftwf»pp offers new features like real-time previews and support for MPEG2 export and DVD authoring It costs $365; upgraders pay $286. Photoshop Elements 2: This digital photo editing
        67 words
      • 47 20  -  Compiled by Leo Kee Chye US-BASfcDWRQInc, which provides integration software aw* services, is ready with Reflection for the Web version 5, a Web-to-host solution. The new version offers integrated directory support and enhanced security features. Prices start at US$150. For details, fhx *****233.
        47 words
  • Page 17 Advertisements
    • 340 17 O fntentfa T—i I'** J'' With Intentia, Nippon Paint Singapore achieved: 50% reduction in inventory levels 25% improvement in productivity and operational margins 10% increase in its profit margins By any measure, a performance with flying colors! ft takes fntentfa In 2000, Nippon Paint Singapore decided to embark upon an
      340 words

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    • 189 18 H Meet Carlo. Virtual Road Rally Champion. IM Tribe Leader. interactive yte 0 n wireless he, P them build mamm ave deployed hundreds of CDMA GSM, and UMTS wireless networks around the globe. And our technology allows for optimal use of network capacity for improved efficiency and cost savings. It's
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  • SHIPPING TIMES
    • 495 21 Among measures is compulsory pilotage in the most difficult passages of reef Reuters [CANBERRA] The Australian government is to implement new rules that would try to force more ships travelling through the Great Barrier Reef to use local pilots in a bid to
      Reuters; AFP FILE PHOTO  -  495 words
    • 278 21 Contributed by Simpson Spence Young THE dry bulk sector has remained active. Vends sold for farther trading ■OLKGWimUk Dooyang Hope: 69,734 tdw bit 88 Imabari reported sold region U557,150,000 to Greek buyers. Maltigua: 26,563 tdw bit 85 Hakodate crs 4/30 ts reported sold region U554,750,000 to Greek buyers.
      Contributed by Simpson Spence & Young  -  278 words
    • 242 21 MH Hi CWT Distribution 0.77 -O.OI S ChuanHup 0.41 unch 1669 CMCOlnvMtnwnt—0.20 -0.01 159 Freight LMu 0.05 unch 599 GBMflngs 0.71 -003 29 Jaya Holdmgs 0.23 -0.01 1430 KeepeiCwe 4.36 -0.02 4906 Koppal Marina— 0.16 -0.01 776 KTaM 0.99 -0j02 93 Marin* 0.29 -0.01 659 MrtMoc* 0-38 unch
      242 words
    • 170 21 Bloomberg [SAN FRANCISCO] Shipping companies and the union representing about 10,500 dockworkers are set to resume talks on a new contract on Aug 14, as they seek to avoid a shutdown of US West Coast ports. The International Longshore and Warehouse
      Bloomberg  -  170 words
    • PORT Shots
      • 132 21 Reuters [LONDON] Four seafarers were found dead after abandoning a ship carrying grain that was torn in two by a typhoon off Shibushi, in southern Japan, Lloyds Casualty Reporting Service said on Friday. Fifteen crew members managed to make it to shore when the
        Reuters  -  132 words
      • 57 21 [SINGAPORE] Global marine services provider Inchcape Shipping Services (ISS) has opened two new offices in East Africa, as part of its regional expansion plans. The offices—in Kampala, Uganda, and Tanga, Tanzania, follow the continued success of its earlier office at Dares Salaam. The
        57 words
    • 404 21 Bill will back firms that use trains and ships instead of tricks and planes AFP [TOKYOJ The Japanese transport ministry has started work on a new bill aimed at cutting carbon dioxide emission by supporting businesses that use trains and ships instead of trucks for product
      AFP  -  404 words
    • 275 21 Salvage work completed, vessel to be towed to Brisbane or Sydney AFP [SYDNEY] A crippled British warship stranded off an Australian island should be ready for towing by the weekend, three weeks after nearly sinking when it hit a well-charted rock, the navy said.
      AFP  -  275 words
    • 186 21 AP [TAIPEI] Eight mainland Chinese crewmen working on a Taiwanese fishing boat had hijacked the vessel in the Pacific Ocean, but were later detained by the US Coast Guard near Guam, officials said yesterday. The crew hijacked the ship, Ta Lung Hsin No 7, near the
      AP  -  186 words
    • 860 22  -  DOCKYARD -By David Hughes THE European summer holiday season is now upon us and the ranks of the shipping and shiprepair industries are being depleted as those who can disappear for their annual vacations. Soon though, thoughts will be turning to the
      FILE PHOTO  -  860 words
    • 186 22 PAGE Foonq Sun 5 Append* 5 f ft Links to Avail 10 Gmntraw 4 B'tang kUs 5 CLM BSA 6 Clory (Uv BSC tO Hangti 4 jtl 10 "■•■t** 5 CMA CGM 3 H n COSCO 3 Mut*-"* HUAL 10 Central Ex 4 Chatev. 10 HV— 4
      186 words
    • 13136 26 thebusinesstimes EXPORT ETA ETA AdvartJsar Vtual Voyaga Taiaphona ETA ETA Advartism Vauai Voyage TiMutioni J**"". Niaabar Numbar SM DasTn Nam* Nam* Numbar Numbar mmmmmmmmmwimiBiBoiiflQuniM MiwusiiiimiMiMmimiiiiiiMMi immoinaaiiMiiima mnmnm mm mm 5m krmmm 00/00 10/08 China Snpq CMA CGM NORMANDIE new 11 *****01* To ABIDJAN (ABJ) 2003 Cota D'lyoira 08/08
      13,136 words
    • SHIPS IN PORT
      • 591 31 Vessel Voy No Berth Arrival Departure Jmtrn N(1 80RCA m J < JO W07/2002SQ 02/08/*****0 IUHSURI «w* JO 0/07/2007:05 28/07/2017 JO ,T JOI 28/07/2009:0 28/07/*****0 SHANNON EXP J03 28/07/2006 35 29/07/*****0 CANPOTEJ RED 01-Jul J1I 28/07/2012:0 30/07/20CJO II AFRIZA1 ***** JOI 28/07/***** 28/07/*****0 ,T SUA" ***** JOI 28/07/*****0
        591 words
      • 1545 31 CONTAINERS TERMINAL AND VESSEL SCHEDULES 00 vessel Out In Berthing Un- Berth *> 0»>«|i berthing Nmbr •oo 00 ACHIEVER 339 339 2907/*****6.00 3007/*****600 K21 ACX DAHUA 051N 051N 3007/2002 2300 31 <07/2002 -0900 m ACX UtY 061N 061W 3007/2002 2300 31/07/2002-07:00 00 ACX RAFFLES 066S 066S 3007/2002-0800 3007/2002
        1,545 words
      • 170 31 Angl Switzerland: National Day Aags UK: Bank Holiday (Scot) Ang 9 Singapore: National Day Ao| 12 Thailand: Queen's Birthday An«ls Belgian: Assumption Day France: Assumption Day Italy: Assumption Day South Korea: Liberation Day Anf 17 Indonesia: Independ Day Aa(M UK: Bank Holiday Aug 31 Malaysia: National Day Philippines:
        170 words
      • 771 31 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        771 words
      • 439 31 986.7 0.4 15.9 0.00 71 0.03 *L2 OmHT NtMt Siiai.l No«bowE25 0 0 1 0 0 0 «IM 3» Aw 960 J OJ M.3 0.06 29 0.02 ta» "0 Mm 990.6 0.9 18.9 0J5 124 0.06 W w %u/ Wo tbon 635 0 0 4 0
        439 words
    • AIR & LAND transport
      • 674 32 Many airlines seen cutting back flights; recovering travel sector to be hit Bloomberg [CHICAGO] US airlines and hotels are bracing for a drop in travel as workers and vacationers avoid flying on Sept 11 and the days before and after the
        Bloomberg; AFP  -  674 words
      • 360 32 Share to jump five times by 2010 from 5% today: study Dow Jones AP [PARIS] Low-cost carriers will take 25 per cent of the European market share by the year 2010 compared to 5 per cent today, according to a recent study
        Dow Jones; AP; REUTERS  -  360 words
      • 313 32 Bloomberg [BRUSSELS] UAL Corp's United Airlines, Deutsche Lufthansa AG and Scandinavian Airlines System AB are set to win European antitrust approval for their alliance after offering to pare some transatlantic routes, the European Commission said. The airlines will make it easier for rivals to
        Bloomberg  -  313 words
      • 225 32 Reuters [MIAMI] An airline passenger who was subdued by an axewielding pilot after crashing through a cockpit door pleaded guilty to interfering with a flight crew, federal prosecutors said. Pablo Moreira Mosca faces up to 20 years in prison when sentenced on Sept 16,
        Reuters  -  225 words
      • 161 32 Reuters [AMSTERDAM] Dutch flag air carrier KLM said it had cancelled seven intercontinental flights and may announce further cancellations after a strike by groundcrew workers disrupted one of the busiest weekends at its home airport. The move came after as many as 250 ground engineers
        Reuters  -  161 words
      • 371 32 It's part of GAAC steps to improve safety after two recent crashes XFN [BEIJING] The director of the Civil Aviation Authority of China (CAAC) has called on Chinese airlines to control the number of hours their pilots work to improve safety in
        XFN  -  371 words
      • LOG Book
        • 108 32 Xinhua [HONG KONG] Cathay Pacific Airways, the largest afrline company bssed in Hong Kong, has launched a toll-free telephone hotline to improve its sendee for passengers traveling to and from the Chinees mainland. Anyone calling the number IOOOMn-IMB on the mainland will be connected free
          Xinhua  -  108 words
        • 61 32 AFP [MIAMI] A Federal Express cargo plane crashed near Tallahassee, Florida, Injuring its three crew members, authorities said. The Boeing 727 operated by the company went down at 5.45 am on Friday as It approached Tallahassee Airport for yet to be determined reason, the
          AFP  -  61 words
      • 1651 32 Frwkfwt 1X9762 0635 LM9765 1230 FUQff n» mow ni "Jg JMO LH9764 M45 55 SO 325 1445 LH779 2305 kmtttrUm SOS 0fS5 BIX 1225 LH77I S55 *****79 2305 6*975 1025 SO* 2345 H24S7* 1555 $***** 2305 BW W0 S***** 1555 UB763 2350 mm »340 «*7306 «05
        1,651 words
  • Page 21 Advertisements

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    • 531 22 ■amiMi hdi wv 13i/W7l ivm mi n*i r\m n* nm i_, "i—=—— mum iim I v/hI mi C/«| imi mi mm si/m M m m m m mmmm ma| ivm| ivh| Mi m| mi mi mi m» BH -tatmHa wI w im iw m m 'BH xs n* I iv«
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    • 58 22 WORLDGATE EXPRESS LINES PTE LTD *7jt\ 180, CacO IbMl, Bangkok Bank BuMno, o*pora *****6 Tel: *****911 Fax: *****073******63 Email: wgatoOmbox2^ingn^com.ag WEBSITE: httpJAvww worldgate. com. sg WEEKLY FCL LCL :SERVICE TO FOLLOWING PORTS apHr siEj +-5-1 EST 151 safe =$i= -sg--1 JtSZ mmm/MMm m omhbia/mka mm 3mr wbt-|g E IMJS 5,
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    • 518 22 I Members of lie Singapore logistics Association lines services represented by fs M-dbtn of fo Registry of Aoiedfcad Shipping Agents, Singapore Stepping Association comets/ convwnoiuicAtco vw ETAPKL ETA SLN ETA MALE mm mm n/m ivm rt+nmiM) nrn zi*g turn s*w m KAKINE ARB SINGAPME AMmmuMM teOHM BCANCHAHT AGENCIES SDN BHD
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    • 1013 23 lb WM" utt TOqjl Em i miomt 4 s I IamiTVMMMi mitntiiMw mnn'oi mmm tmuit/H I BMMft ABtAS If MS I If i/mmm Minns tmuit/« I I cmmmmx J sEar m 25 SS l 4 E~T. w £m 5 WilHI/Xfli 01/W IMi jIM IIM 17/ M ((M J7/B M kjb
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    • 372 23 irasa jwnreiaMPOMHEi an ius lgl rasa wr m m a [■K IMi J ?HB j 31/7 131/7 \f% 1/% IQMMGnBIE MM VI 7/1 t/| |nmnoM6M<6 Itiwlyi 1 7/> |«/»|n/»| h/i I it/i */i 1 <auuc hj» ~lj/T~ ivi liT" [Muggs 2i)i|ivHu/inyi|m\ 21/1 |null 27/iifiasmm Imi I i 7/» 21/1 I
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    • 1210 25 IVISSB. VOY KMH MKO SIN PKt DXB NAN DMM —C ■AN KHMAN PCI -269 23/07 24/07 27/07 28/07 04/00 OS/OS 0700 09/00 MAN ISFAHAN PCL-270 30/07 31/07 03/00 04/00 11/00 12/00 10/00 10/00 MANHOKMOZOAN PCL-271 06/00 07/00 10/00 11/00 10/00 19/00 23/00 25/00 KAN TEHRAN KL-272 13/00 14/00 17/00 10/00
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    • 117 26 CWT GLOBELINK PTE LTD ™7Jgmju xtAUt*m«2»0DA7A J HiOMCHAMO 'MCMft»HAMtUHCTIAMjmQIHGDAO WAHCHA! -XIAmtN FUZHOU-QALIAN-XIAM-UUtNG-SHI HA ZHUAMG CWT GLOBELINK prmsmntM World-Wide Connection SERVIONG 110 DIRECT PORTS with Approximately 1800 Inland Destinations For onqtilrioslbooklng§, pitase call *****177 THANK YOU FOR USING CWT GLOBELINK Xls TOKO LINE KIOULAK KOBO/CONVIMTIONAI SIKVICI FAX: 6^o^'S&'gSSo TOKOSP iAfAw/HowMowG/smm/mAa/iuau rou
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    • 40 26 H WINSTAR SHIPPING PTE ITD TEL ttJUm nut *****007 a R0.**********0C j Sdhp WmUt (Mm -W) 3 Mfcfi MMUy {Mm, Wai FrQ Lnfa|«jww|Pvi Piri Dmt k AMI FQ/lOy Inripwi FQ b*mm\ C r illfi Dw to Dm PROJECT CARGO I
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    • 759 30 [WHawi VOT MMB PORT UUNC OOTTMOM MOMGU n* ra no iu no m no °<nAt 01Q123 no 30/07 01/00 01/00 05/QQ 09/00 M""* 11 *****0 1M 01/00 03/00 03/00 07/80 12/08 13/08 15/08 07M44 TW 04/00 07/00 o;/oi \TM U/M "WNSOMO 00W034 wh> 07/08 ooToo TT/oo 14/98 [CQjBISIBja_ 15Q104 IMI
      759 words
    • 59 30 CONFER (S.E.A.) fen SHIPPING PTE LTD TEL: *****868 FAX: *****245 DIRECT CONVENTIONAL SERVICE TO CHITTAGONQ VESSEL SIN CTG EMERALD 15-1« AUG 20-25 AUG OMBCT FCL/LCt/CONVEMTIOMAL SCMVICES TO>Kten St*>Cor»w» Mtm CUcuMl Bontjey Karatta QatanCo Cttan Tutoann Oxtw *»Ejb HoO»»Wv UMphuu. HuUma ft— FCULCL T« Audita 9**wy Mtnum E"**" OwiiiHIXII Hvitug Anwwp
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    • 878 30 I Mty 11 Ufc LllllEw TH;«-4221-IJJI 10. 02-4221-5272 I 1/ "fa I muraik itLmni ssH Bffl Ml jjj=|E. Jll. _?lZg? gggg. Jg* jjjjj_ >iM wam >153 44/04 rowi w iy "mT~ aswc ny> w/w aa noo m/m giuan 2244 ii/m gum "n* ii/m i™ mm —«S~ »wg« T-&T ~MT~ fgg--gg.-IlZ!L_gy
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    • 157 30 WHSBSBBBBI Mf* g>i: ji w i reio':) i: B BREAKMJLK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI ivtssa vowa rasamwtt mmw I |M— n I ?i3»» iyw/w 1» I ItMWf i\/Wn 11/W/K SEA-PAC MANAGEMENT PTE. LTD. 70 Anaon Mood 17-07/0® Apax Tomw, Sngapew *****5 Tekpheiw *270 0977 FooMU;
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  • Page 31 Miscellaneous
    • 120 31 lljjll LEGEND: Issued by Meteorological Services Division, NEA R Thunderstorm Showers Rain emperature C Wind direction and speed in knots Cloudy Day Wea,her U CXJ lj_ 2v 7 Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds Slight, < 1 2m J—>One
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