The Business Times, 20 August 2002

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Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA(P) 010/03/2002 85C SINGAPORE Internet: http://business-times.asial .com.sg TUESDAY, AUGUST 20, 2002
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  • 73 1 SR US33L4I (+10.81) grnmn furore *****0 (+8.00) SDCSCB FUTT7BES t. mjo (+0.80) STOCK MAirar INDICES Monday Change KLSECOMP 734L54 -0.06 NIKKEI 226 9,699.10 -189.08 HANG SENG _1024«J6 -18.08 SETINDEX 370J1 -182 JAKARTA COMP _461.46 +0.46 MANILA COMP .1,1*89 -6.H TAIPEI WP1 4,888.90 41.02 SEOUL COMP 717.68 -071 SHENZHEN
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  • 66 1 FOBEX KITES ust s$ l'S$ (SS per US$) 1.74? £(l'S$/S$ per li39 1688 a"RO(lS$/SS/E). 0J84 1.718 YEN 1183 67.70 RM 1800 1176 HKS 7.800 4.466 BAffT 41.93 24.01 RIPIAH 8340 5,061 PUKE BATES SINGAPORE* 525 KUALA LUMPUR 6.40 HONG KONG 6.125 JAKARTA 89.00 TAIPEI 6.625 TOKYO 1.375 SEOUL 955
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  • 602 1  -  liiexclusive They fear such transfers could jeopardise collateral if family dispute arises in future By I Siow Li Sen [SINGAPORE] Banks now eyeing the multi-billion dollar market for loans to owners of Housing and Development Board flats are uncomfortable that the
    602 words
  • 569 1  -  Only 20% of firms willing to keep older staff daring layoffs Byi Genevieve Cua [SINGAPORE] Lower CPF contributions for older workers are not expected to result in a greater willingness among most employers to hire or retain them, a survey by
    Source: Mercer Human Resource Consulting  -  569 words
  • 419 1  -  idexclusive Proceeds from listing would be used for regional expansion By Arthur Poon [SINGAPORE] Bread Talk, the successful bakery which earned a mention in Prime Minister Goh Chok Tong's National Day rally speech on Sunday, is looking at a possible public listing here
    FILE PHOTO  -  419 words
  • 387 1 AP, Bloomberg [NEW YORK] A key gauge of US economic activity fell in July, a further sign of a shaky economic recovery as stock market gyrations affected consumer and business spending. The New York-based Conference Board on Monday reported its Index of
    AP,; Bloomberg  -  387 words
  • Page 1 Advertisements
    • 144 1 nmra Top itorlts Business groups welcome PM Goh's pep talk. Naxt Page HK jobless rate hit another record in May-July. Naxt Paga National Semiconductor to invest up to US$200m in Suzhou. Pg 7 BT Comment Larry Wee: Sell US bonds and lock in long term financing? Pg 6 8 II
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    • 27 1 Is new H Nat Steel W 71m new CBD r i OTT6r T3ir? Z/ jfP property values 77 Catherine Ong. Page 4 Lee Han Shih. Page 9
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  • NEXT page
    • ON THE grapevine
      • 80 2 DBS Bank's head of bancassurance and financial planning, Vernon Heritage, left the Singapore bank last week, according to sources. Mr Heritage, a managing director, left the group as the bank gears up to build its emerging bancassurance business. The bank had launched a spending and hiring
        80 words
      • 104 2 A PRESS kit that landed on a reporter's desk last week was not only oddly bulky, it also carried an enigmatic "Static Work Area" warning on the cover. Inside the package was a big bag of Marks Spencer crisps that contained 12 small packets of crisps of assorted
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      • 115 2 IF you are over 50 and a keen golfer, here's a competition that may interest you. The Singapore Open Senior Amateur Championship 2002 will be held from Sept 18 to 20 at Warren Golf and Country Club. Participants also get a practice round on Sept 17. Entry
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      • 49 2 J RESULTS of BT Online poll "Singapore's economic recovery is less sure now than three months ago": Yes, the outlook for the US economy is uncertain again: 62% No, the recovery is strong enough to ride out the US uncertainty: 23% It's hard to tell: 15%
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    • 575 2  -  They wiO be the first to benefit, giving a lift to Indon recovery From Shoeb Kagda in Jakarta ELECTRONIC products from Bintan and Batam could find their way to the United States as early as this year under a Free Trade Agreement (FTA) between
      575 words
    • 565 2  -  From, Audrey Tan in Hong Kong HONG Kong's unemployment rate rose to yet another record high of 7.8 per cent for the period May to July, as school leavers swelled workforce numbers. Financial secretary Antony Leung said yesterday that the number of jobs
      AFP  -  565 words
    • 770 2  -  They feel it encourages more enterprise By Eugene Low (SINGAPORE] Business groups here have welcomed Prime Minister Goh Chok Tong's National Day rally address, calling it a "pep talk" that also encouraged Singaporeans to be more creative and enterprising. Dora Hoan, president of the
      770 words
  • Page 2 Advertisements
    • 262 2 Henley Management College oflfen the only distance learning MBA with a specific focus on telecommunications. The programme is designed to help executives and managers develop the critical undemanding to shape and lead the fast moving telecommunications industry. You will gain the skills to succeed in the New Economy. Henley is
      262 words

  • Page 3 Advertisements
    • 37 3 I ROGER DUBUIS I horloger genevois 0 I m l Golden Square I Yafriro I tkhill Ii It nips ui "n) ihi 1 1.1?.| l\. »,i(j .'.in Sini|.ll Hin i/<, m,i, :i,: i,l(,i .:,hu<>>n ~,f jt ~,M
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  • SINGAPORE companies
    • 549 4  -  It says 5-person office of president 'discontinued'; focus on profitability By David Boey CHARTERED Semiconductor Manufacturing, the world's third largest maker of customised computer chips, said yesterday it has "discontinued" its five-per-son office of the president and reshuffled senior management as it moves to "accelerate its
      549 words
    • 482 4  -  Shareholders also will not get money till end of next year By Catherine Ong NATSTEEL'S share price eased yesterday as investors accepted that a better bid may not come along to topple a higher revised offer for the company under a management
      482 words
    • 717 4  -  catherine ong THE insiders at Nat Steel have signalled to the stock market what they think the company is worth at least $1.90 a share. The $350 million management buyout offer (MBO) by president Ang Kong Hua and his senior executives will lead to
      717 words
    • 311 5  -  Allowances for donbtfnl debts rise to $12m; no interim dividend planned By l Quak Hiang Whai KWEK Leng Beng's Hong Leong Singapore Finance (HLSF) has more than doubled its first-half net profit to $42.8 million. But the nation's leading finance company also saw
      311 words
    • 333 5  -  Byi Conrad Raj KEPPEL Corporation has taken over a Dutch offshore repair and conversion shipyard lock, stock and barrel. KepCorp had originally said it was buying an 85 per cent stake in Verolme Botlek for 18.3 million euros (5531.4 million), but after due diligence and
      333 words
    • 287 5  -  By Rachel Ong ENGINEERING firm Innovalues Precision yesterday reported stellar first-half results, with net profit surging 243 per cent to $5.5 million on a 143 per cent jump in turnover to $28.7 million. Managing director Goh Leng Tse said: "Our strong performance
      287 words
    • 180 5 SGX-listed PDC Corp formerly Hong Lai Huat Group yesterday announced its maiden foray into China's property market. Through wholly-owned subsidiary Proveho, it has entered into an agreement with China-based Huludao City Yuanda Real Estate Development Co to set up a joint venture in Huludao
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    • COMPANY Briefs
      • 69 5 Reuters SINGAPORE Exchange Ltd (SGX) said yesterday that it plans to buy in short positions of Links Island shares tomorrow, the same day as the stock resumes trading after a two-year suspension. The exchange had said in a statement last week the buy-in
        Reuters  -  69 words
      • 70 5 Reuters HOTEL Negara posted a deeper net loss in the six months to June 30 of $122,000 from an $18,000 loss a year ago. Loss per share was 0.76 cent from 0.11 cent. Turnover fell to $5.84 million from $6.36 million. Hotel Negara said
        Reuters  -  70 words
      • 109 5 Reuters INDONESIAN auto giant PT Astra International said yesterday it has sold plywood unit PT Sumalindo Lestari Jaya for 13.98 billion rupiah (Ss2.B million) to focus on its core business. Some analysts said the sale was positive to Astra by reducing somewhat its
        Reuters  -  109 words
    • 256 5  -  By\ Leo Kee Chye INTERNET service provider Sing Net has started a Web-based video monitoring solution that allows users to view images from their CCTV (closed-circuit TV) systems on their computers via the Internet. Called Business Web-i service, the solution is targeted at businesses
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  • Page 4 Advertisements
    • 196 4 Third quarter update Regional Strategic Forecast Consolidating the gains September sth 6th 2002 Grand Copthorne Waterfront Hotel, Singapore Join The Economist Group's analysts and other experts to hear predictions around which to build your business plans for 2003 2007 such as: The shape of the global recovery and risks of
      196 words
    • 187 4 Your Money Management Magazine "Investment Wealth 2002" Making the Right Moves September 14,2002 (Sat) 12.00pm-4.30pm Swissdtel The Stamford, Singapore An Integrated Financial Planning Seminar For Investors Creating Value Avoiding Investment Pitfalls Rich Tips For Poor Investors How To Be A Millionaire (Really) Concrete Steps Towards Financial Freedom Asia Today Why
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  • Page 5 Advertisements
    • 159 5 P,' That s a lot of spare cash. And we did it by creating Electronic Filing System a seamless workflow system enabling paperless collaboration within the judiciary and legal community. Yet another example of the advantages and efficiencies we can create for our clients by linking technology and business. or
      159 words

  • SINGAPORE markets
    • Article, Illustration
      329 6 OTHER SINGAPORE INDICES Aug 19 VALUE CLOSE BTO&US -42.CX) +113.00 BTCAW -*****.00 +60.00 BT 10-day MA -***** 00 -4.00 AA-SG Equities 411.39 +3.32 SG Equities Etect 117.31 +0.70 SGEqaMfesFlii 1368.83 +21.42 SG EqaHfes Prop 414.51 +2.36 MSCIShicap«» 192.27 +1.57 smsct Futures 191.90 +0.80 Stocks Volume CiWaya2.5c.~__ 54.860,000 I Pv lc
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    • 273 6  -  HOT STOCK/ WARRANT Ven Sreenivasan A COMBINATION of Wall Street-gen-erated jitters and negative newsflows has sent Singapore blue chip Venture Corp tumbling to eight-month lows. The stock gained 20 cents to close at $11.60 yesterday as 777,000 units changed hands. But
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    • 731 6  -  -I I comment STOCKS ven sreenivasan THE Straits Times Index started the week on a quiet note as caution reigned ahead of more key US economic data to be released in the next few days. Signs that US consumer confidence could be starting to flag,
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    • 609 6  -  -ii comment CURRENCIES Sell US bonds and lock in long-term financing, some warn, as Wall St stabilises larry wee THE US dollar opened on a soft note yesterday but managed to bounce back pretty smartly by the close, especially against Asian units. After
      Source: Moneyline Telerate  -  609 words
  • 3635 6 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqtyl* 0.64V Star Europe Bd I.OStf Star Europe Bal 0.831/ Star Asian Tiger Eqty 0.71® Star Asia Bond 1.243/ Star Asia Balanced 0 833/ Star Global Technology Fund!" 0.17 V Star Bhv Finance Japan Find!" 0 707/ Star Asia Bond<USD)
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  • SINGAPORE news
    • 367 7  -  By TTT Rachel Ong THE Ken-Air brand lives on Holidex Tours and Travel has concluded the acquisition of the brand name in Singapore and the transfer of rights will be completed soon. Holidex Tours started operations in June from the premises of
      367 words
    • 361 7  -  PROPERTY FOCUS By Kalpana Rashiwala DEVELOPERS are increasingly testing the market for upmarket projects and the latest release this week is likely to be Capita Land's Belmond Green in the Balmoral area. Rival developers in the area are watching closely Capita Land's pricing
      FILE PHOTO  -  361 words
    • 156 7 A FREEHOLD 36,650 sq ft site in Springleaf Crescent understood to be linked to developer Ban Hin Leong win be up for auction by Colliers International on Wednesday next week after a local bank foreclosed. The asking price is $8 million to
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    • 334 7 Bloomberg VIRGIN Group Ltd's Richard Branson danced in a traditional Chinese lion costume to bring prosperity to the company's mobile-phone business in Singapore two years ago. It didn't work. Virgin Management (Asia) Ltd, the Asian arm of Mr Branson's company, closed its cellular
      Bloomberg  -  334 words
    • 414 7  -  Move by American company bolsters SlP's position as chip-testing hub in China By Loh Hui Yin ELECTRONICS giant National Semiconductor plans to invest up to US$2OO million over the next five years in a plant at Suzhou Industrial Park (SIP). The US firm is
      414 words
    • 403 7 on the economy consumer confidence CONSUMER confidence especially about the economy has picked up strongly, according to the latest Masterlndex of Consumer Confidence survey. The index for Singapore one of 13 Asia-Pacific economies covered in MasterCard International's biannual survey improved for the second consecutive poll since
      Source: MasterCard  -  403 words
  • Page 7 Advertisements
    • 165 7 I I Lianhe Zaobao I S'pore I I tech firms I I to have a hand in I I Hollywood I I movies I I I I I I JMIWTM I l*T!TWf!W!^^W t Find your Shangri-la: BANGKOK BEIHAI BEIJING CEBU CHANGCHUN DALIAN FIJI HANGZHOU Introducing Shangri-La's u ßate Break" in
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  • MAIL bag
    • 737 8  -  Wong Yat Foo Executive Chairman/ Managing Director Mentor Media Ltd WE REFER to your Hock Lock Siew column, "Mentor's volte-face raises many questions" by R Sivanithy (BT, Aug 15). By way of clarification, we set out below the sequence of events that may shed light
      737 words
    • 819 8  -  Karen Tan (Ms) Deputy Director, Public Affairs for Permanent Secretary Ministry of Health WE refer to the various letters from your readers on the adequacy of the $300 monthly payout for a period of five years, the worth of Elder Shield and the probability of one making
      819 words
  • Page 8 Advertisements
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    • 139 8 T(te poocl peit ||ra ulo y tool Buffet Lunch (Mon to Fri) Buffet Dinner (Mon to Sun) 5524.80 (Adult) 5532.80 (Adult) S$ 12.40 (Child) S$ 16.40 (Child) No pork or lard will be served Prices are subject to 10% service charge and prevailing government taxes. jLucky diners stand to win
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    • 52 8 Business Hours; 12pm-3pm/5.30pm-11pm Dining by the river under the stars c ft" Ideal for 2-4 persons (non-spky) —MM—mwuw rPente MHMHBBBUBBBBBBBBBEi CPerfeci 10 JfiCondays MUZINGIINCN SAVINGS MONDAY WEDNESDAY $10 FOR ALL PASTAS TUESDAY THURSDAY $10 FOR ALL PIZZAS FOR RESERVATIONS W 6536-5366 No 71 Boat Quay fel 6468-4688 22 Lorong Mambong
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    • 80 8 H&gJL Autumn Festival 18 Aug 21 Sept '02 Savour our new creations of 7-Star \*'".AmMm* JmJa Assorted Mooncakes, Green Tea and Durian Mini Mooncakes. |H Hotline: 6737 4282 Fax: 6737 7334 "••'aiTT* 333 Orchard Road, Singapore *****7. Tel: 6737 4411 Fax: 6732 2361 "Authentic... Classic... Tempting..." Come tiy your traditional
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    • 154 8 ranq mahal haute indian cuisine of fctjitktn presented by prince of "£>tAU Uct The royal epicurean ambassadors of Rajasthan. Kanwar Vijay Singh Bedla his wife. Sugan Kumari descendants of the Rajput Kings will reval the treasures of the royal kitchens of Rajasthan for the first time in Singapore Savour and
      154 words

  • FOCUS property
    • 645 9  -  I-11 comment PROPERTY If finished faster than announced, New Downtown's impact will be even more devastating lee han shih IT IS not exactly Sept 11 all over again, but the property market is still reeling from National Development Minister Mah Bow Tan's
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  • Page 9 Advertisements
    • 522 9 I FOR SALE BY TENDER Prestigious Address Excellent Accessibility Good Rental Income Land Area Approx. 93,415 sqft Total Floor Area Approx. 184,218 sqft Gross Floor Area Approx. 130,254 sqft Tenure 30 30 years wef 1 /12/1995 For more detoili, contact: Ms Irene Kan 6228 6896 n Or Amy Khor 6228
      522 words
    • 178 9 INDUSTRIAL COmmm BUILDING 73 Upper Paya lebar Road 8-storeys of well-designed layout Units with full glazed windows Lettable areas from 865sf to 6,5005f per floor Most suitable for office, showroom, light industry use With prominent main road frontage Expecting TOP in Augteept 2002 Sole Marketing Agent 6326 1232 621 INDUSTRIAL
      178 words
    • 833 9 ALEXANDRA ROAD Industrial Property For Sale By Tender \V\ I Land area 8,876 sqm (approx 95,540 sq ft) 99yrs \Zp /LaZZZoom Clean Light Industry a v ideal for motor-car A>/ showroom (subject to approval) I 58m frontage to JL/ Alexandra Road Kodak MRT SUBJICT lender closing r IWIWTY 27 Sept
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  • EDITORIAL & opinion
    • 737 10  -  HiTTql 1 bottom line OPINION frank ching The writer is a Hong Kong-based journalist and commentator IN THE days following President Chen Shui-bian's provocative declaration on Aug 3 that Taiwan and China are separate countries, speculation was rife on his motives,
      737 words
    • 94 10 'When you have the ultra-rich competing against each other, it shows their ability to spend money. This is a whole other tier.' -Scott Gordon a chemical engineer from San Francisco, who has 'six or seven old carsat California's prestigious annual auto show Concours d'Elegance They (state leaders)
      94 words
    • 677 10 EDITORIAL OPEC ministers meeting in Osaka next month to fix oil production quotas for the fourth quarter will not have it easy. Apart from planning a response to global economic scenarios and fixing quotas as they normally do, the Organisation of the Petroleum Exporting Countries
      677 words
    • 1550 10  -  Snch a nightmare possibility is no less far-fetched the best-case scenarios US strategists envisage as they prepare for a war with Iraq From Leon Hadar The writer is BT's Washington correspondent in Washington FORGET about any debate in the US Congress
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    • 661 10  -  COMMENTARY Make the fear of breaking the roles and getting caught greater than fear of failing to perform By] Larry Chao The writer is managing director of Chao Group, a strategic organisation change and executive training firm (chaogroup.com) GREED seems to be
      661 words

  • REGIONAL news
    • 469 11 KUALALUMPUR They invite landowners to form joint ventures with them CONSTRUCTION and property development companies, in an effort to cut costs, are placing newspaper advertisements to invite landowners to form joint ventures, reports Malaysia's Business Times (MBT). The benefit of such a deal
      469 words
    • 318 11 KUALA LUMPUR AP AMID a worker shortage due to an immigration crackdown, some Malaysian employers are recruiting more foreign workers than they need and "selling" them on to others, a minister was reported as saying. Deputy Human Resources Minister Abdul Latiff Ahmad said some
      AP; AFP  -  318 words
    • NOTE Book
      • 46 11 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's power distribution monopoly, said it renewed Jamaludin Jarjis' contract as chairman for two years through 2004. Mr Jamaludin, 51, currently has a contract until Aug 31. Tenaga didn't give a reason for the renewal. Bloomberg
        Bloomberg  -  46 words
      • 73 11 Reuters [SINGAPORE] The Asia-Pacific computer server market, excluding Japan, was down 9 per cent in revenue and 3 per cent in unit shipments terms in the second quarter 0f2002 compared with the same period last year, IDC said. The region's server market stood at
        Reuters  -  73 words
      • 75 11 Reuters iDhiJiNuj China s first private stock brokerage, Minsheng Securities Co, has been set up with a registered capital of 1.28 billion yuan (*****.7 million), the China Securities Journal reported yesterday. Minsheng Securities, in which private firms have a combined stake of more
        Reuters  -  75 words
      • 48 11 AFP [MANILA] Philippine tax chief Rene Banez resigned yesterday, accusing subordinates of having "sabotaged" his reforms and causing revenues to sag. The departure of the Bureau of Internal Revenue commissioner comes amid growing concerns over poor tax collection and a ballooning national budget deficit.—AFP
        AFP  -  48 words
      • 41 11 Bloomberg [HONG KONG] China may introduce a proposal to let qualified foreign institutional investors buy shares in mainland companies as early as March, said Anthony Neoh, senior adviser to the China Securities Regulatory Commission. Bloomberg
        Bloomberg  -  41 words
    • 361 11 ■BANGKOK Reuters THAI Airways International pic unveiled an ambitious five-year expansion plan yesterday, which includes the acquisition of 12 planes to help the national carrier serve new routes and extend existing services. First vice-chairman Srisook Chandrangsu told reporters Thai Airways would spend upto 100
      Reuters  -  361 words
    • 410 11 TIP DEALS Exploration job coincides with Dr M's visit Reuters AP [KUALA LUMPUR] Malaysia's Petronas has won four oil exploration contracts in Myanmar in conjunction with a visit by Prime Minister Mahathir Mohamad there, the official news agency Bernama said yesterday. Malaysia's state oil
      Reuters; AP; AFP  -  410 words
    • 355 11 Bloomberg, Reuters [TAIPEI) Taiwan Vice-Pres-ident Annette Lu said the island may buy NTS4OO billion (5520.5 billion) of liquefied natural gas from Indonesia over 25 years, the China Post said, citing Ms Lu, although Indonesia said yesterday it didn't discuss any such deal. The
      Bloomberg,; Reuters  -  355 words
    • 450 12 HONGKONG It is the 4th external network to broadcast legally into area AP CHINESE authorities have granted ATV, Hong Kong's second largest free-to-air television network, the right to broadcast to the mainland's Guangdong province, company executives said yesterday. The approval would
      AP  -  450 words
    • 166 12 MANILA AFP BANKS in the Philippines have been ordered to change their external auditors every five years to prevent connivance in concealing accounting irregularities, the central bank said yesterday. Philippine central bank deputy governor, Alberto Reyes, said in a statement that this rotation of external
      AFP  -  166 words
    • 707 12 BEIJING Jiang and those over 70 in age said to be not stepping down as planned Reuters CHINA'S rulers have wrapped up secretive talks on a leadership change in the seaside resort of Beidaihe but gave no clue as to what, if
      Reuters; REUTERS  -  707 words
    • 496 12 HONGKONG Plan for a Shanghai Disneyland 2 years after HE'S park Bloomberg BUILDERS have not laid the first brick of Sleeping Beauty's Castle at Disneyland Hong Kong, and archrival Shanghai is already stealing the park's magic. Hong Kong Chief Executive Tung Chee-hwa
      Bloomberg; REUTERS  -  496 words
  • Page 11 Advertisements
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      392 words
    • 101 11 PARADIZ INVESTMENTS LTD 5535,000,000 Secured Floating Rate Notes Due 2007 Pursuant to CONDITION 12 of the Notes, notice Is hereby given that, in respect of the Interest Period from August 19, 2002 and ending on (but excluding) February 19, 2003: (a) the Rate of Interest payable upon the principal amount
      101 words

  • Article, Illustration
    1079 12 Transaction date:Aug 19 IMTERBAMg CROSS RATES C$ Bwb two NKS Mb tBptah Y«w Wow m Pifc IH Ptso s$ Kmi Sfr MTS iafct N—d US$ MMII rtl 0.847 4.509 0.552 4.238 26-385 48.032 0.842 6.489 2.065 Lt65 32.348 28.219 0.949 5.772 0.811 18.468 22.783 0353 0.543 Canada 1.181 5326
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  • Page 12 Miscellaneous
    • 275 12 UKVFTIC CROSSWORD ACROSS division of spoils (5, 3) n g re 1 1 5 P F 4 View^lertain 9 heard 5 served U P outside H~B~ 8 Star crk;teter, might do 6 anaesthebc 9 M H l 9 Private room on terrace ini- 7 Set off across a point (4)
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  • WORLD news
    • 275 13 SEOUL Reuters SOUTH Korea yesterday picked Hana Bank over US fund Lone Star to take over nationalised Seoulßank in a 1.1 trillion won (Ssl.6 billion) merger that would create the nation's third-larg-est lender. Hana was chosen over Texas-based Lone Star, which specialises in
      Reuters; AFP  -  275 words
    • 339 13 Dubious 'round-tripping' practice may have been nsed Bloomberg, Reuters SECURITIES and Exchange Commission lawyers and US prosecutors are investigating dozens of transactions made by AOL Time Warner Inc's America Online division, the Wall Street Journal said yesterday. America Online may have used a practice known
      Bloomberg,; Reuters  -  339 words
    • 453 13 Talks on with Citibank and other foreign banks, decision soon TOKYO Reuters IN a virtual vote of declining confidence in Japan's banking system, the Tokyo metropolitan government plans to put part of its cash pile of one trillion yen (5514.8
      Reuters  -  453 words
    • 354 13 LOS ANGELES Xinhua, Reuters DESPITE a long and severe downturn in technology industries, leading chipmakers are investing heavily to build more efficient factories and develop computer chips with greater capabilities, Los Angeles Times reported on Sunday. Intel Corp, IBM Corp, Texas Instruments Inc.
      Xinhua, Reuters  -  354 words
    • WORLD Watch
      • 37 13 Reuters SAN FRANCISCO] Advanced Micro Devices Inc has reached a milestone of sorts with Hewlett-Packard Co yesterday saying it will soon start selling a PC aimed at the business market. Reuters
        Reuters  -  37 words
      • 36 13 Bloomberg [FRANKFURT] German economic growth stalled in Q2 as factories pared production and eliminated jobs. Gross domestic product grew 0.25 per cent from the first quarter, the Bundesbank said. Bloomberg
        Bloomberg  -  36 words
      • 44 13 Reuters IMUM/Uwj upec member Kuwait said yesterday the oil cartel could decide to keep in place tough oil supply curbs at its September meeting, despite rising crude prices and expectations of a fourth quarter demand surge. Reuters
        Reuters  -  44 words
      • 32 13 Bloomberg [LONDON] Vodafone Group Pic said it's seeking to buy Vivendi Universal SA's stake in Vizzavi to gain control of the Internet joint venture. Bloomberg
        Bloomberg  -  32 words
      • 46 13 AP ir-rtiua] v lvenai universal cnairman Jean-Rene Fourtou on Sunday said the company came close to filing for bankruptcy last month, but now has an agreement with its creditor banks for an extra 2 billion euros (553.4 billion) in financing. —AP
        AP  -  46 words
      • 31 13 Reuters [WELLINGTON] Australian telco Telstra Corp said yesterday it had provided its New Zealand subsidiary TelstraClear with a five-year, NZ$6OO million (*****.4 million) loan facility.—Reuters
        Reuters  -  31 words
    • 530 15 TOKYO It cites decisions on pnblic-works spending, insurance on bank deposits Bloomberg JAPANESE Prime Minister Junichiro Koizumi is backtracking on pledges to cut public-works spending and cap state insurance on bank deposits, leaving the country vulnerable to a further credit-rating cut, Standard and Poor's
      Bloomberg  -  530 words
    • 406 15  -  Fronii Anthony Rowley in Tokyo NASDAQ International chairman and chief executive officer John Hilley said yesterday that the US-based share dealing market intends to beat a complete retreat from Japan once its obligations to firms that are listed on the soon-to-be defunct Nasdaq Japan
      406 words
  • 1557 13 SICOMruTUKES A ugl9 RUBBER Futures (dosing prices) RSS1<ScentsAg) Close Volume Open Moftth J** *5! S«tt (tonnes) Interest Sep02 152.00 0d02 ,52.25 No* 02 152.25 Dec 02 152.25 RSS3(U$cenU/kq) Volume Open owtl> HW Sett (tonnes) Interest -*P° 2 8«0 5*50 Sis 50 950 Oct 02 86.50 85.00 85.00 1250 1275
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  • Page 13 Advertisements

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  • 2345 14 Transaction date:Aug 19 KUALA LUMPUR FraseriNeave -3.60 -0.08 63 Vo 4 FSBM 2.03 unch 10 DM W- COOO) FWmdustnes 033 -004 7 Gadanq .0 99 -0 04 33 AtMIMty 0.96 0 01 4 G«mjd» -6J5 -0 IS '84 Abric 1.51 unch S GanadCorp .0-90 0 08 13 ACP Industries
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  • 803 14 Transaction date:Aug 19 «w Omt a—i trnkmmm 1 Ow o—»» CK 04S 4J00 -Alio NarSta«50c OX 1.700 -0030 CapttaUnd 135 1500 *0.020 (XBC 123 ***** Chart SantfCond 2tc 10* 2.9(0 *0030 QUE 0 56 i« C*y D«* 50c 257 6300 Parkway H 25c 0.35 0J00 Crwl*«T2Sc 0.74 ***** -0300
    803 words
  • 628 14 BONDS WARRANTS LM Vol Cm* bur 'otoc ■as r ——r rcn—i MM »t—H— UW A5T11MM0621 205 1 16 59 1.12 22 Acm.LWW*****6 IS 1 50 636 457 27 An*** W*****0 885 3 161 1 33 2 1 34 34 Armarong W*****0 15 1 10 109 3*7 21 Bar 6*SA*****1 10k
    628 words
  • Page 14 Advertisements

  • 5567 15 1 Transaction date:Aug 19 for live prices, log on to utiti \asimmema rkets.com Vol on UrtQuott GrW» Mr GrYld Net MCa> WM«9 W» Uw. C—M"y Sal. W- r908> Cm W $3 w5 ABNAmroNLG 56c 9 12 34 141 20.5 15 ACE Dynamics20c 13.5 13 18 0.7 8 1
    5,567 words
  • 61 15 rJ£« -P** L»a»«»t. Gftto Mr CrYld NM MCm W1A«t Cl "T—> f— I— fc'r* Cwr Ml >3 S3 10J90 7770 s Diamonds US8780xd MOO fiJOslSDJUSTcdt US1230cd 3,70 3400 I I I 575 440 s IS MSO Sparc US57S 11M0 »70 s ISSAPS00 USMHOrd ***** «3» s SPWB USMOOcd
    61 words
  • 1393 15 a w a, «Tu-s-s-sg sc'sag?* —-;M TT S ,J 5 ,;j n z M 4 5 „i m 7, s as 27.5 c AS Auto 10c 58 unch 45 30 5 30 30 31 > 15 CAST1W)C a 70 21 23 5 23 5 «5 21 >75 65
    1,393 words
  • 383 15 Ot UMQMte GrfMv W» CrTM MM MCap f'1"l ttn« W- "868 «0i l—r tmrm S«fcr Cw Wt *3 IIS AVJenmngs A2V A 100 *5 161 100 95 96 99.5 40 3.4 10 SJ 2112 Cathay Par 20c HIC.720 265 2.1 7.4 6 2*3*1 Cheung Kong50cMK 1780 240 6.3
    383 words

  • KNOWLEDGE economy
    • 1718 16  -  Organic knowledge management founder Dave Snowden tells Anna Teo about complex systems and the third age of KM Anna Teo FOR two to three years, Dave Snowden and his team at the former IBM Institute for Knowledge Management were working on a complex US
      PAINTING BY ROSS BLECKNER  -  1,718 words
    • 389 16 ONE question Dave Snowden invariably gets asked is what's the origin and meaning of Cynefin (pronounced kun-ev'in)? It's a Welsh word with no direct equivalent in English. "I'm from Wales, that's a very important reason," he quips, and goes on to cite "three reasons"
      389 words
  • Page 16 Advertisements
    • 133 16 Custom made CYC shirts for $72. Your biggest decision will be how many. 41 ■K in y° ur choice of 5 colours, in your own tt n cyccustomshop®pacific.net.sg L personalised style, for only $72. C\ C offers for a sample swatch if you need to feel and Hk i shfe
      133 words

  • SHIPPING TIMES
    • 270 17 Reuters THE Baltic Dry Index rose three points to 1,013, the Baltic Panamax gained five points to 1,004, the Baltic Handymax rose 13 points to 7,636 while the Baltic Capesize rose two points to 1,185. TIME-CHARTER: Navios Star, built 2002, ***** dwt delivery Richards Bay end Aug/ely Sep
      Reuters  -  270 words
    • 269 17 MX '000 a 11 CWT Distribution 0.75 unch 0 Chuan Hup 0.44 unch 532 Cosco Investment 0.19 unch 230 Fr#tght Links 0.06 0.02 226 GB Holdings 0.74 0.01 11 Jaya Holdings 0.23 unch 25 K*pp*ICorp 4.40 -0.04 676 K*pp*l Marin* 0.16 unch 400 K*pp*< T*l* 0.97 -0.02 59
      269 words
    • 441 17 [SINGAPORE] A venture between a Dutch dredging contractor and a Malaysian company linked to tycoon Syed Mokhtar, has been awarded a Msl.2 billion (*****.8 million) contract for the dredging works for the second phase of the Port of Tanjung Pelepas (PTP)
      441 words
    • 577 17  -  Asia-US container volumes np 17.5% in first six months: TSA report By: Donald Urquhart [SINGAPORE] Container shipping lines operating on the transpacific trades are set to begin an intensive campaign aimed at successive freight rate hikes, based on what they say
      FILE PHOTO  -  577 words
    • 573 17  -  Bnt Samsung chalks np a 28% jump in half-time earnings By P T Bangsberg TWO of South Korea's world-beating shipyards posted sharp falls in fiscal first half results in part because the currency has strengthened against the US dollar
      FILE PHOTO  -  573 words
    • COCKPIT security
      • 1030 18 US earner has spent US$l million on 1,300 of the non-lethal weapons, which shoot darts that incapacitate people NYT [WASHINGTON] HILE lawmakers, I pilots and the NaM tional Rifle Associt f ation continue h H their campaign to b# M arm pilots with
        NYT; AFP  -  1,030 words
      • 125 18 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 Central Ex 4 ClmSltpq S Cougar 5 CVT GMwiint 6 Delmas 4 Dongnama 3 eci 3 Evergreen 4 Foonq Sun 5 Fujitrans 6 Gemartrans 4 Hangli 4 Hyundai 4 Heung A 3 IRtSL 5 KienHung
        125 words
    • 10645 22 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT voyage iwpnont aN.PMtn i....Name. Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'I voire 28/08 18/10 COSCO EMPRESS PHOENIX 0121W 65-*****900 30/08 21/09 Mmn DELMAS BLOSSEVILIE 234W 85-*****344 02/09 07/10 KienHunq SANTA GIULIETTA GU202S 65-*****133 03/09 n/n cma com ville de virgo 19 aw 65-*****000
      10,645 words
    • SHIPS IN PORT
      • 464 25 Voy No Berth Arrival Departure JMBfPwt MARCOfOLO 2 03/02J J6 A/SIOE 20/08/0630 0 SUMBER MAS 8 2094 Jt5 A/SIOE 20/08/*****< BAYSNATERH8 M2200 J3 20/08/*****0 20/08/I7303C •AYSWATER228 E2200 JJ 20/08/*****0 20/08/*****1 •T AKAMAH UUC02 Jl 20/08/*****0 20/08/***** M ERTKA *****2 Jl 20/08/*****0 2C/08/MOOOC •I HASPRIMA *****2 Jl 20/08/1600:00 20/08/2JOOOl
        464 words
      • 1529 25 CONTAINERS TERMINAL AMD VESSEL SCHEDULES 30 VmmI Out In Mi Bcrti** IM Berth n Voy V»v m b*rthio9 Hmbr 13 ACX DAMUA 0525 QMS 1 *****007 1200 **********00 807 B gem own own i **********00 *****002 moo iw a®!*1 cow <mw i jomaantoo 2iw?on?ortp rot M 1 010N
        1,529 words
      • 473 25 IUo 15 r m 9647 OJ 15.9 0.09 38 0.03 15 P>ntrty mxtf *mm kskUumMum SeJfert Mo *ow £25 0 0 2 0 0 0 «5S 380 983.5 OJ M.8 0.06 27 0.02 u/irj rt 380 990.6 18 W-3 OH 82 0.06 %w Wo «bovt C3S
        473 words
      • 173 25 Aug 26 UK: Bank Holiday Anf 31 Malaysia: National Day Philippines: Nat Heroes Day Sep 2 United States: Labour Day. Vietnam: National. Sep 3 Canada: Labour Day. Sep 15 Japan: Respect-for-the-Aged Day Sep 20 Korea: Harvest Day. Sep 21 Korea: Harvest Day. Taiwan: Mid-Autumn Festival. Sep 22 Hong
        173 words
      • 803 25 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 average sized stem Market movements are indi rated The Cockett Bunker Price Index change
        803 words
    • AIR & LAND transport
      • 277 26 TaipeiMoscow charter flights from Sat AFP [MOSCOW] Russia announced yesterday that the first direct charter flights between Taipei and Moscow will start on Saturday, but stressed that this did not mean that it recognised Taiwan independence. Taiwan's flag carrier China Airlines (CAL) will complete a maiden voyage to Moscow on
        AFP  -  277 words
      • 183 26 AP [WINNIPEG, Manitoba] A jumbo jet carrying 412 passengers landed safely at Winnipeg airport after a pilot reported a spilled drink had shorted circuited part of the electrical system, filling a portion of the plane with smoke. The pilot of Virgin Atlantic Airlines flight
        AP  -  183 words
      • 608 26 As many as 6,000 workers went on strike for bigger wage increases and job security Bloomberg [SYDNEY] Qantas Airways flights were delayed as a 24hour strike by as many as 6,000 workers forced the airline to change yesterday's schedule. Rival Virgin Blue
        Bloomberg; AFP  -  608 words
      • 383 26 Likely successor is Armin Lore from subsidiary Rio Snl Reuters {RIO DE JANEIRO] Brazil's loss-making flagship airline Varig has told the government and creditors it will name a new president by last night, a source close to the carrier said on Friday. Current
        Reuters  -  383 words
      • 162 26 Bloomberg [HONG KONG] Beijing Capital International Airport Co, China's biggest airport manager, said first-half profit rose 19 per cent because the country's growing economy spurred travel. Net income grew to 232.3 million yuan (5548.73 million), or 0.06 yuan a share, in the six months,
        Bloomberg  -  162 words
      • 518 26 But frequent changes to requirements putting pl&nemaker under pressure Bernama [KUALA LUMPUR] The Boeing Company remains committed to the April 2003 deadline on fitting security cockpit doors but frequent changes to requirements on the doors are placing unnecessary pressure on the
        Bernama  -  518 words
      • 1701 26 CITY RIGHT £1* rUCHT ETD MMMt LH9770 2230 mm zm Amittrtem S023 0605 0*974 0130 •U.837 1510 Kl.838 2225 MM Q6 Atktas $0347 0550 AucUM* IH98I7 1900 IH98M 2020 N223 1900 N224 2020 S***** 1900 $***** 2020 ****** 2045 ****** 2100 S0286 2045 S0285 2100 Mnia
        1,701 words
  • Page 17 Advertisements
    • 19 17 Cockpit security: United plans to arm pilots with "tasers" page 2 Qantas flights delayed as workers strike back page
      19 words
    • 365 17 DHL Airways has named its senior vice president of operations, Vlckl Bretthauer, as acting chief executive after chairman, president and CEO Joe O'Gorman died of a heart attack on Aug 10, aged 59. Mr O'Gorman was recruited in March 2001 to head the restructured DHL Airways, separated from DHL Worldwide
      365 words

  • Page 18 Advertisements
    • 424 18 NORTH AMERICA 11~[ GULF/INDIA SUB-CONTINENT |SUWBtKUTTLCiXP«gSB»»O ~1 IOULf KARACHI EXPRESS tflilOQ ~l| wssa VOT L« PTi""] r»G VOT MA dam m m^ST mm I OOQAOBKA *7*31 ***** 25/00 V/M ftO WOOTB StOUl 021 00/00 10/01 13/00 21/00 I OOaCMfOKNU MW32 14/ M 11/N 03/00 NBNIOTD NOOKN aSI 14/01 IS/OO 17/
      424 words
    • 48 18 WORLDGATE EXPRESS UNES PTE LTD 180, Cecil Street, #16-03/04, Bangkok Bank BuMdhtg, Spore *****6 T 6226,9,1 F jr Ch,tta 9ong COLOMBO 1 22/08 Karachi port lou» 21/08 BombayV Madras ch»tt»oonq;phaka"^ "I Wlcauicas KARACHI/lAHORE 23/08 f BOMBAY 23/08 MADRAS/BANGALORE 23/08 Colombcr' \y calcutta 27/oe Port Louis NHAVA SHEVA 28/08
      48 words
    • 645 18 Lines services represented by Member* of the Registry of Members of ihe Accredited Shipping Agents, Sin 9°P ofe Lo 9 istics Singopore Shipping Association '~—*m Association ULY UNE MALE f KSSB VOT EU EM ETA A f. KUW6 SfOtf MU Princess Lity 0702 01/09 02/09 10/09 Empress Lily 0602 20/09
      645 words

  • Page 19 Advertisements
    • 895 19 TOUSA(SAXSttVKE) YftStl VOY SIN ETA LAX OAR DAI HOU CHI COi MEM ATI NYC Aft ENGLAND 112E 21/ M 05/09 09/09 09/09 09/09 09/09 10/09 09/09 11/09 11/09 1071 28/08 12/09 14/09 It/09 16/09 16/09 17/09 14/09 l«/ 09 11/09 Aft SCOTLAND 11IE 04/09 19/09 23/09 23/09 23/09 23/09 24/09
      895 words
    • 1387 19 I r DIRECT CALL TO coMFsmTmmmcrnin. SKRWr SSU (1 HO: **********0 M **0 (MM) MWUC (0 0) *****704 *****319/49 I BANDAR ABBAS U DAYS JOMOt S OfFKi r££TJ*L.. ******75 *****314/44 I COSUI AGfHOIS SON IHO TIL 07-3531) M FAX: 07-*****70 *****J01/050 *****323/73 USSIS™ £2 S3 1 «m- US 5 XTK?.i
      1,387 words
    • 485 19 Ilyp»- I .WT. I«!I Mm I MWS I rus I MA-LBLJ y# sk in I HWSMHUM I NOS3 1 73/8 1 77/1 I 26/1 I 3/J IsA I I UUiIHUM ~77K Wl [77T~ llfl »0W 130/1 IV» 4/» Im I I IV» I UIA IHUM 269S 24/6 27/6 ~M7T~ l
      485 words

  • Page 20 Advertisements
    • 760 20 HMMEHYUNDAI MERCHANT MARINE CO., LTD. q NO. *****W000H I**™ souliw roi I awt h— Itv I [rasa vor I sou lin mi un mm m TB™ HY (Ml 339W 19/00 44/09 04/09 01/09 Ml INTEGRITY OMW 07/00 13/01 71/17 ~T~ 30/07 T#/* ,MW «M» 10/09 n/09 apimma iotw 79/07 ji/i;
      760 words
    • 523 20 *AM HA! LIMSS INTRODUCING: NEW WEEKLY EXPRESS SERVICE i£k w MM Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 tejgim§» *21 5i 55 m LQI U—T If ASIA EXPRESS 147 A 19/00 17/01 23/00 25/01 20/01 M/W »l/» 07/09 09/09 U9A 10/09 14/09 20/09 22/09 g
      523 words
    • 642 20 1 aousa, WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS J *OT_ SI fjaANG COtO—o N. SMEYA CCUOMO WWBIBPB 00S7W 31JM 4AIK 7MK II UK J I pw«raw* rmoi Imk map out umk if ak I NOtDFMCM I7T> 14 AM, (Mfl QjjjjT TT/UK If MK
      642 words

  • Page 21 Advertisements
    • 1035 21 IVtSSgt VQY KHH HKO SIN PKL dm m DMM —flic M.V. UNOAVIA PCI 273 20/08 21/08 24/08 25/08 01/09 02/09 06/09 08/09 IRAN KEKMAN PCL 274 27/08 28/08 31/08 01/09 08/09 09/09 13/09 15/09 IRAN ISFAHAN PCL-275 03/09 04/09 07/09 08/09 15/09 16/09 20/09 22/09 IRAN HORMOZOAN PCL-276 10/09 11/09
      1,035 words
    • 573 21 I I^3l UK CONTINENT SERVICE I Loading for I PANDORA P RDM/ATW/BMN/UK/NAN I MAKRA RDM/ATW/BMNAJK/NAN I Loads SngapOre, E7W Matayaa. Indonawa I MIDDLE-EAST SERVICE Loading for MARINE UNIVERSAL II DBI/ABU/DOH/BRN/DMM/KWT AFRICA DBI/ABU/DOH/BRN/DMM/KWT FATMA ANA ADN/JDH/AQA/TRP HANDY ASPERANCE JDH/AQA I EXPLORER S DBI/ABU/DOH/BRN/DMM/KWT 1 Toads Snqapore E7W Malay mo. OXowaall 1
      573 words
    • 560 21 jyrjj PfiL -HS» MI SM *1 HjKm SS 8™ Sffi— §/3 Bootobsil JSL 1 _Tg»- _S_Csl__lJ6 ■co ivtnl —\SS2 =45 W3£— mz 2szm ism wDo m M —sM -KJMBS S! «/w -St7=Sfff-H flils nZB 07/9? lOTA OAJU 009 M/M M/M I3>0» jjfo sffiL T »L en vor si wr -syf
      560 words

  • Page 22 Advertisements
    • 121 22 IjgiKYOWA. LINE Vrf |»«I|W T«p Ik—r| 1p»W«llK— c— 1 *■<■.. 1 A| Forohidi CI96E 24/08 05/09 11/09 12/09 Al Forohidi CI96E 24/08 17/09 OMIT 27/09 29/09 30/09 A] Farohidi CI96E 24/08 17/09 *****~ Al Forohidi CI96E 24/08 15/09 24/09 25/09 27/09 29/09 AJ Abdoli CI97E" 31/08 17/0$ OMfT 17/69 "WO9
      121 words
    • 238 22 4LI CWT GLOBEUNK PTE LTD ownoffic[slN TEL:*****833 (36 LINES) FAX:*****742 A KtLAMO fASM GUDANG KUCHING BANGKOK KARACHI BOMBAY■ WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL SOUTH AMERICA MANZANILLOIMEXICO BUENAVENTURAICOLOMBIA MONTEVIDEO/URUGUAY SANTOS/BRAZIL VALPARAISO/CHILE BUENOS AIRESIARGENTINA For enquiries/bookings, please call *****177 THANK YOU FOR USING CWT GLOBELINK \W TOKO LINE UNKDN *****5 V
      238 words
    • 15 22 KEEP UP TO DATE ON TRENDS WITH THE LINER SCENE FORTNIGHTLY ON MONDAYS SHIPPING TIMES
      15 words
    • 238 22 1 BSA i MYANMA pUk FIVE STAR UNE (MfNMr NatioMl Um) W iMdbf f*r Ywfoa vbsb vor sm m m m CHM SHWI HAW S4W SIC PAGAN V3O4MT SU> M MALAYSIA: OOUSTIAD SHIffING AGCNCKS MIL 03-*****300 Kb 03-317*4101 Kit 04-*****02 BANK UNE (A strvkt »f Aairtw Wtir Shifpiaj) I NORTHBOUND
      238 words



  • Page 25 Miscellaneous
    • 124 25 LEGEND: Issued byT^et^ K Thunderstorm A Showers A X\ Rain Uf6 Cj Wind direction and speed in knots 0 n Weather w I Cloudy Day OO Hazv Wind speed symbols Sea Conditions 0 Full circle w/o line indicates calm or light and variable winds j 1 2,11 j—»One half fleche
      124 words

  • Page 26 Advertisements
    • 32 26 The Work Boat World Asia exhibition and conference Hffltt MOT be heid in Singapore this week. 4% Asian Shipping/Work Boat World Asia W» be heid at Suntec Singapore from FIBMUARY 18-tO, 9003
      32 words