The Business Times, 29 August 2002

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES I— internet: http://business-times as.ia1 com sg SINGAP ORE THURSDAY, AUGUST 29, 2002 MITA (P) *****(2002
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  • Article
    Lock icon MARKET SUMMARY
    77 1 SR USHM (-4.58) ST INDEX FUTUBES 1404A0 (-3.00) SDEKS FUTUBES 18M0 (+0.360) STOCK HAUET DCDICES Wednesday Change KLSEOOMP ***** -4.01 NIKKEI 2» 9,71*73 -I4067 RANG SENG 10,13*26 tt37 SET INDEX 366 IS 601 JAKARTA COUP .***** 9119 MANILA COM? .1.109.11 I9J89 TAIPEI WPI 4.789.63 Wfl SE(H l( OMP
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  • Article
    Lock icon FINANCE
    65 1 F01EZ KATES US$ SI CSS (SS per CSS) 1.749 £(CSS/S$ per 1.533 2.681 ECRO(CS$/SS/E). 0581 1.716 YEN 118.6 67.80 RM UN 1172 HK$ 7.800 4.459 BAHT 4214 24.15 RCP1AH &883 5,078 PUKE BATES SINGAPORE* 515 KUALA LUMPUR 6.40 HONG KONG 5.126 JAKARTA 39.00 TAIPEI 6.625 TOKYO 1176 SEOUL 966
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  • Article
    Lock icon HSBC cuts board rate for home loans in novel move
    1007 1  -  Bat DBS still offers the cheapest deal among major mortgage lenders By\ Siow Li Sen [SINGAPORE] DBS slashed its mortgage rates yesterday to hit the market with the cheapest deal among major players, but it was perhaps HSBC that stole
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  • Article
    Lock icon Growing the non-GLC private sector
    839 1  -  ROCK LOCK SDBW By] Lee Han Shih "J —WW THE debate in Parliament in the last two days on government-linked companies (GLCs) has focused on many things, including whether they are efficient and whether they give Singapore an edge. But these are side issues. Temasek's
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  • Article
    Lock icon GLCs have the muscle to build external wing: DPM
    961 1  -  Mr Lee rebuts critics, saying GLCs have key role in S'pore's growth By i Chuang Peck Ming [SINGAPORE] In a thorough and robust defence of government-linked companies (GLCs), Deputy Prime Minister Lee Hsien Loong maintained in Parliament yesterday that GLCs have
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      100 1 DHBPB BizlT Kenneth James: Re-examine role of MNCs too. Back Page Online gaming set to take off here. Back Page Property Ghosts month losing stigma among buyers. Exec Suite Pg 0 Top stories Megawati steps in to defuse rising Jakarta-KL tensions. Next Page S&P downgrades SingTel's outlook to negative. Pg
      100 words
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      50 1 W*- I Would You Pay ■hHßm| Almost Ssl Million For This Watch? It's just one of over 100 all-new timepieces featured in BT's Annual Watch Supplement tomorrow. Don't miss out on more than 50 pages discussin 9 over 50 brands of watches: ladies, gents, complicated, sports, new brands, and more.
      50 words
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      112 1 B V LG A R I O I I \l I' <) l< A R V I I I I .1 I I |< s f 1 m c I) a i> o n it rnfcs i o ii a I I n c h y m c trie li
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      17 1 Extracts of speech, Pg 7 Other Parliament reports, Pg 6 Kenneth James: Re-examine role of MNCs too,Pg2o
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  • NEXT page
    • ON THE grapevine
      • Article
        Lock icon DBS' Hon en route to Malaysia?
        97 2 DBS Group has experienced quite a shake-up in its management in recent months. And the latest word we hear is that Hong Kong-based William Hon, who was managing director at DBS Kwong On and an executive vice-president at Dao Heng Bank, is being transferred
        97 words
      • Article
        Lock icon In a shambles, too?
        94 2 MEDIA relations at JTC Corp seem to have been shaken by the collapse of a fire-escape corridor at a JTC factory at Toa Payoh North. When reporters showed up at the appointed time of 6pm for a news conference yesterday, they were kept waiting and waiting.
        94 words
      • Article
        Lock icon Fancy a dog? Rent one first
        152 2 IN another sign that Hong Kong's economy may be going to the dogs, a local pet shop is renting out pooches by the week in a bid to bring in more business. Shop owner Danny Tam said his strategy of "rent first, buy later"
        152 words
    • Article, Illustration
      Lock icon Megawati steps in to defuse rising Jakarta-KL tensions
      696 2  -  Investments could be hit if illegal workers dispute drags on: analysts Front Shoeb Kagda in Jakarta INDONESIAN President Megawati Sukarnoputri yesterday stepped in to defuse a growing diplomatic row between her country and neighbouring Malaysia over the latter's treatment of illegal workers.
      REUTERS  -  696 words
    • Article, Illustration
      Lock icon S'pore-based firm strikes oil, gas in North Korea
      515 2  -  i exclusive Byl Tang Weng Fai [SINGAPORE] Singaporebased company Sovereign Ventures Pte Ltd said yesterday it has found oil and gas reserves in North Korea (DPRK), in the first onshore oil concession given to any foreign-owned firm. Ben Tan, executive vicepresident of
      515 words
  • Page 2 Advertisements
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      566 2 KPMGSeminarSeries Goods Services I n Wnilnliiiii 1 il 9.00 am to 5.00pm, Orchard Hotel Singapore fTjrUW- 1 What 1 rsT rate increase^ In our efforts to provide proactive, practical and seamless of KPMG Tax Services will continue to conduct our series ofWfl-Jay GSI workshops. These very popular two-day workshops provide
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  • SINGAPORE companies
    • Article
      Lock icon S&P lowers SingTel's outlook to 'negative' over concerns
      385 3  -  It cites firm's weaker financi&ls, keener rivalry from StarHub-SCV Byi Angela Tan CREDIT rating agency Standard Poor's yesterday downgraded Singapore Telecom's outlook to "negative" from "stable" on concerns of keener rivalry from StarHub-SCV and the telco's weaker financials following its Asl4 billion
      385 words
    • COMPANY Briefs
      • Article
        Lock icon Inno-Pacific narrows H1 loss
        76 3 INNO-PACIFIC Holdings said its first-half net loss narrowed to $1.85 million from $5.15 million in the previous period. Turnover, which was solely contributed by Shakey's, was $3.1 million, a decrease of 16 per cent. The decline was attributed to lower royalties income because several franchise restaurants
        76 words
      • Article
        Lock icon UE doubles interim earnings
        94 3 Reuters UNITED Engineers (UE) said net profit for the six months to June 30 doubled to $9.61 million from $4.72 million a year ago. Earnings per share rose to 4.70 cents from 2.30 cents. Turnover rose to $224.53 million from $197.63 million. It said the increase
        Reuters  -  94 words
      • Article
        Lock icon Goodpack lifts profit, proposes bonus
        70 3 Reuters GOODPACK Ltd, a Singapore-based bulk container provider, yesterday reported a 13 per cent rise in first-half net profit to $6.2 million due to higher demand for its products. The firm, in which SembCorp Logistics Ltd holds a 3 per cent stake, said it expected
        Reuters  -  70 words
      • Article
        Lock icon Magneoomp posts S10m first-half loss
        155 3 Reuters SINGAPORE-BASED disk drive components maker Magnecomp International Ltd yesterday posted a first-half net loss of $10.1 million due to lower shipments of suspension assemblies. Turnover rose 17 per cent to $104.3 million in the six months to June 30. The firm said it expects
        Reuters  -  155 words
      • Article
        Lock icon Transpac's H1 loss widens to $3.1m
        97 3 Reuters TRANSPAC Industrial said it slumped into a net loss in the six months to June 30 of $3.11 million from a net loss of $421,000 previously. Loss per share was 7.77 cents compared with earnings per share of 1.05 cents. Turnover was $614,000
        Reuters  -  97 words
      • Article
        Lock icon Demand fall hits Pentex-Schweizer
        80 3 Reuters PENTEX-SCHWEIZER said net profit was down 75 per cent for the year to June 30 to $3.33 million. Earnings per share was 0.99 cent from 4.03 cents. Turnover fell to $115.14 million from $132.99 million. Final dividend was 0.55 cent per share from 0.8 cent.
        Reuters  -  80 words
      • Article
        Lock icon Health Management warns of loss
        72 3 Reuters HEALTH Management International Ltd, a Singapore-based hospital management and consulting group, yesterday warned it would make a loss for the year to June 30. The firm, which operates a hospital in Singapore, said it expected to suffer a net loss due to reduced demand
        Reuters  -  72 words
    • Article
      Lock icon SPH to pump up to $40m more into MediaWorks
      377 3  -  Byi Quak Hiang Whai SINGAPORE Press Holdings will inject up to another $40 million into its broadcasting arm, SPH Media Works, to help the loss-making unit ride out the current difficult market conditions. Announcing this yesterday, SPH executive chairman Lim Kim
      377 words
    • Article
      Lock icon Forex losses drag down Cosco's H1 net profit
      247 3  -  By Donald Urquhart COSCO Investment, the Sin-gapore-listed arm of China's largest shipping group, announced a 98 per cent plunge in net profit to $182,000 for the first half of 2002. Citing foreign exchange losses, the group pointed to a weakening of the
      247 words
    • Article, Illustration
      Lock icon Downgrades hit ST Engg shares
      405 3  -  Connter falls to $1.70, its lowest since April 1999 By David Boey SINGAPORE Technologies Engineering shares fell 4 per cent to $1.70 yesterday a level not seen since April 1999 as investors dumped them after being spooked by three analysts' downgrades over two trading days.
      Source: Bloomberg  -  405 words
    • Article
      Lock icon HP results seen as positive for Venture
      319 3  -  tty Serena Ng COMPUTER giant Hewlett Packard's ability to meet market expectations for its third quarter has reinforced expectations of a steady showing by Venture Corporation, which reports its interim results tomorrow. HP, which recently completed its acquisition of Compaq Computer Corp, reported
      319 words
    • Article, Illustration
      Lock icon ECS posts flat H1 net profit as S'pore operations slow
      394 3  -  By Serena Ng ECS Holdings, the Asia-Pa-cific IT services and product distribution arm of contract manufacturing giant Solectron Corp, yesterday posted flat interim profit of $6.2 million as a slowdown in its Singapore operations took the shine out of its
      ARTHUR LEE  -  394 words
    • Article
      Lock icon Hong Leong Asia turns around with $17m profit
      389 3  -  By l Conrad Raj HONG LEONG Asia's transformation from a building materials supplier to a Chi-na-play has brought immediate results the company returned to the black in the first six months of this year. The transformation came with the injection of three
      389 words
    • Article
      Lock icon People's Food's H1 net profit up 26% as turnover rises 14%
      279 5  -  Group cites price cuts, production efficiency and lower effective tax rate By Rachel Ong PRICE cuts paid off for mainboard-listed People's Food Holdings as group turnover rose 14.3 per cent to 2.4 billion renminbi (SSSOS million) in the first
      279 words
    • Article
      Lock icon Penton, auditor in talks on 'unreconciled balances'
      181 5 SESDAQ-listed plastic injection mould tool maker Penton International last night issued a profit warning and said that its shares will be suspended from trading until further notice. The company said in a statement that two of its independent directors are in talks with
      181 words
    • Article, Illustration
      Lock icon JMI using IPO proceeds to double production capacity
      346 5  -  By] David Boey MAINBOARD aspirant JMI International, which offers surface finishing services for plastic parts, said yesterday that proceeds from its initial public offer (IPO) should help it more than double its production capacity. JMl's IPO is expected to hit the market
      ARTHUR LEE  -  346 words
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      10 3 Editorial-DBS, Sing Tel SGX: time to move on, Pg 12
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      87 3 HP's Q3 profit meets market calls, Pg 18 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 2 Sep 2002 Tenor approx. 15 years Total Amount Allotted SGD 800,000,000 Amount Allotted to MAS nil Total Amount Applied SGD 1,416,957,000 Interest/Coupon Rate
      87 words
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  • SINGAPORE markets
    • Article, Illustration
      Lock icon Untitled
      315 4 OTHER SINGAPORE INDICES Aug 28 VALUE CLOSE ■TWOS 179.00 -97.00 ■TCMN -*****.00 -72.00 ■Tl»4hylM -*****.00 -18.00 403.80 -1.66 SG Ebct 123.58 -1.81 SGEqaHMFla 1334.21 +0.19 SG Prop 401.90 *0.58 *Sa Singapore 207.63 -4.45 smsa Fvtervt 189.00 -0.30 blocks Volume 46.825.000 Ljnks island 10c 29.949.000 STEngglOc. 14.101.000 I? 1 14.018.000 Chart
      315 words
    • Article, Illustration
      Lock icon Fundamentals of Fu Yu improve but technicals not bullish
      264 4  -  HOT STOCK/ WABRAMT By Ven Sreenivasan BETTER capacity utilisation rates helped precision plastic injection mould maker Fu Yu Manufacturing raise interim earnings 18.2 per cent to $6.5 million. Turnover rose 30 per cent to $128 million. But the stock has not
      264 words
    • Article, Illustration
      Lock icon Better off at a casino ?
      760 4  - Better off at a casino l I comment STOCKS r. sivanithy CASINO (ka seeno, noun): "A place where people gamble (that is, risk money in the hope of winning more) by playing card games, roulette or slot machines. Alternative means of gambling include punting of Singapore stocks, particularly in the
      760 words
    • Article, Illustration
      Lock icon Consumer worries hammer US$
      309 4  -  A$ refuses to weaken with greenback; Swiss franc finds renewed interest larry wee A SHARP fall in US consumer confidence sent the greenback reeling overnight, especially because bulls were wrong-sided earlier in the New York session by a jump in US durable goods orders. At the
      Source: Reuters; Source: Bridge, Reuters  -  309 words
  • Article
    Lock icon UNIT TRUSTS & FUNDS
    3739 4 UNIT TRUSTS FUNDS AMI Ainro Asset Mgt (S'porc) Star Europe Eqty!" o 665/ Star Europe Bd 1049* Star Europe Bal 0844/ Star Asian Tiger Eqty 0.715/ Star Asia Bond*. 1.261/ Star Asia Balanced 0.84/ Star Global Technology Fund!** 0.171/ Star Bhv Finance Japan Fund! 0.708/ Multi Strategy Fd 1/ Star
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  • Page 5 Advertisements
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      481 5 —THE straits trading company limited (Incorporated in Singapore) (a) The Directors have declared a first interim dividend of 2 cents per share (2001:2 cents), less Singapore income tax at 22%, in respect of the year ending 31st December 2002, payable on Bth October 2002 to shareholders on the share register
      481 words
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      Lock icon Page 5 Advertisements Column 2
      804 5 BALANCE SHEETS (UNAUDITED) AS AT 30TH JUNE 2002 GROUP COMPANY 30th June 31st December 30th June 31st December 2002 2001 2002 2001 (restated) Non-Current Assets 00 00 J 00 «00 Property, plant and equipment, net 160,372 180.408 1 657 1 690 Investment properties 782,980 307,719 49 290 4Q ?on Subsidiary
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  • SINGAPORE news
    • Article
      Lock icon Guidelines soon for new firms by stat boards
      322 6  -  YESTERDAY DT PARLIAMENT Finance Ministry to issne guide which will include Yellow Pages rule: DPM By Chuang Peck Ming GUIDELINES will be issued to ensure statutory boards form only companies that serve a strategic role tied to their mission, according to Deputy
      322 words
    • Article
      Lock icon Bill introduced to clarify arbitration rules
      361 6  -  Parties have fall liberty to agree on their own roles By) Eugene Low AN international arbitration bill was introduced in Parliament on Tuesday by Law Minister S Jayakumar to clarify the law and provide certainty to the international arbitration community. International law firms had
      361 words
    • Article
      Lock icon What they say
      151 6 'We are not complaining about GLCs themselves perse. All of us have friends, relatives and constituents who work in GLCs. We are debating the fairness and benefits against the evils of government in business.' Leoof Born 800 (Biahan-Toa Payoh) 'Our Temaseklinked companies or GLCs, whilst they may
      151 words
    • Article
      Lock icon S'pore Armed Forces' new firepower to make public debut
      362 6  -  By David Boey WEAPONS enthusiasts will get a sneak preview of the firepower being developed for the Singapore Armed Forces (SAF) by Singapore's battle labs as well as a first-hand look at some newly acquired weapons at next month's Army Open
      362 words
    • Article
      Lock icon CPF applications to buy homes jump 66% in H1
      371 6 Number hits 7,300: demand momentum continues JUST over 7,300 Central Provident Fund (CPF) mem bers applied to use their funds for private property purchases in the first half of this year, up a sharp 66 per cent from the same period
      371 words
    • Article, Illustration
      Lock icon Most deflation for top income group in first half
      300 6  -  on the economy inflation By] Eugene Low HOUSEHOLDS in the highest 20 per cent income group experienced the most deflation in the first half of this year, according to figures released yesterday by the Department of Statistics (DOS). The consumer price
      Source: Dept of Statistics  -  300 words
  • Page 6 Advertisements
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      1758 6 1800 289 8822 Eaudl rccruitsesph.com sg SUPERBOWL MOLDINGS LIMITED IMPORTANT NOTICE EXPIRY OF WARRANTS To: AJI holders of warrants (the "Warranto") to subscribe for new ordinary shares of 550.15 each in the capital of SuperSowl Holdings Limited (the "Company") expinng on 30 September 2002 at 5.00 p.m THIS IS AN
      1,758 words
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      298 6 CONRELD MANUFACTUHMG PTE LTD (In Members' Voluntary Liquidation I NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. 50 that a Final Meeting of the Members of the Company wi be hekl at 545 Orchard Road #10-06 Far East Shopping Centre, Singapore
      298 words
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  • GLC debate
    • Article, Illustration
      Lock icon It's S'pore Inc against the world
      3487 7 We reproduce below extracts of yesterday's speech in Parliament by Deputy Prime Minister arid Finance Minister Lee Hsien Loong in the debate on the new Temasek Charter for government-linked companies (GLCs) THE value-added of Temasek companies ao counts for some 13 per cent of
      3,487 words
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  • EXECUTIVE suite
    • Article
      Lock icon Ghosts month losing stigma among buyers
      301 8  -  MJI the block Increased activity in the new homes market has spilled over to the auction front, reports amdrea tam ANDREA TAN WITH a week left of the Hungry Ghosts month, auctioneers say the myth about house hunters avoiding property purchases during this "inauspicious
      301 words
    • Article
      Lock icon Factory collapse: JTC gives $1.4m relief
      268 8  -  By, Andrea Tan JTC Corp will pay a total of $1.4 million "goodwill" relief to 22 tenants affected by a fire-escape collapse at a Toa Payoh North factory. Each tenant will receive a one-off payment of between $17,300 for a 976 sq ft unit
      268 words
    • Article, Illustration
      Lock icon More Kerrisdale units up for sale
      358 8  -  Price to be maintained for second batch of 170 nnits By\ Kalpana Rashiwala ALLGREEN Properties will release this weekend another tower with 170 units at Kerrisdale, a 99-year leasehold condo in Beatty Road. It will maintain the average price of $480 psf at which
      358 words
    • Article
      Lock icon New homes for sale
      577 8 DEVELOPER/OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO OF' PRICE TENURE iTRffffigfffTfjfni LAUNCHED UNITS SOLD (Spsf) Blue Horizon FEO 5 West Coast Crescent 904-1,227 503 347 550 99-yr Korrisdafo AHgreen Prop 8 Beatty/Sturdee hd 990-2,787 170 120 480 99-yr Robertson 100 MCL Land 9 Martin Rd 678-1,561
      577 words
    • Article, Illustration
      Lock icon The joys of gardening
      570 8  -  IcMsliKgldsM l5g By*. Thien THE other day, as I was clearing scores of nuts which had fallen from our towering Betul Nut palm into a Spider Lily patch beneath, I harboured thoughts but just for a fleeting moment of growing the young seedlings which had germinated
      PHOTOS BY THIEN  -  570 words
  • Page 8 Advertisements
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      117 8 nrnfinliMili I L tsshtmg dimts to vortan nff.L... hi L« I OTTSnOff WVCR COnTHStVWC wf providing consultancy sarvfcat M on offshore strwctwa^ tWf cfpulii mi tncorporatiem in *1 1...1. M.tl■ I junwKTiwiS nCMMf British Virgin Islands Cayman Islands Bahamas BMMlUi|allSfl Mauritius Hongkong MBBE p Samoa Full nominee, management, corporate secretarial,
      117 words
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      57 8 This is a fortnightly column on property auctions At Sorangoon Road FOR SALE BY PRIVATE TREATY 4g d 4-Storey comprises of Food Court. A Restaurant, Retail, Offices Retail and Billboards space for lease j «j Land Area appro* 5622 sq ft Gross Floor Area: approx *****5q ft Jl Auto-parking system
      57 words
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      47 8 COMMCRCIAI ICS BUILDING OFFICE/SHOWROOM SPACE FOR LEASE Immediate occupation Various sizes available from 958 sq ft Attractive rentals Minutes walk to Tanjong Pagar and Raffles Place MRT Call Sole Marketing Agent CB Richard Ellis Commercial Leasing Tel: 6224 8181 Buy It. la Seli h C.A.T.S. Find It.
      47 words
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      14 8 Singapore Exchange Flexible sizes from Secured 44 months sub-lease term 6531 8669 6531 8666
      14 words
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  • MAIL bag
    • Article, Illustration
      Lock icon 'Chinese elite'should include the non-Chinese
      328 9  -  Toh Han Shih Beijing, China AS a Singaporean living in China, I read with interest Prime Minister Goh Chok Tong's call for a bilingual Chinese elite in Singapore to engage a rising China. I agree with Mr Goh's call for more Singaporeans to engage China,
      CP GROUP  -  328 words
    • Article
      Lock icon Why was Boardroom mum on Andersen data?
      206 9  -  Chia Hui Ping Singapore WONG Wei Kong's Hock Lock Siew column, "Room for a little caution in Boardroom" (BT, Aug 26), has spelt out the factors that should be taken into account when investing in Boardroom. I will bring up another relevant point.
      206 words
    • Article
      Lock icon Comfort AGM: how long did it really take to pass resolutions?
      235 9  -  Denis Distant Singapore I REFER to the letter "Goh Chee Wee's compensation basis" by Doreen Nah, company secretary of Comfort Group Ltd (Mailbag, Aug 23), in which she claims the record for time taken to pass all resolutions at
      235 words
    • Article
      Lock icon Tap laid-off top execs for directors
      145 9  -  Tan Chiew Koon Singapore I REFER to your Hock Lock Siew column, "Look into capping directorships" (BT, Aug 27), by Angela Tan and agree with her. Unless there is a law, it is not realistic to expect changes in the short term. The old-boy
      145 words
    • Article, Illustration
      Lock icon Venture deserves award for printer
      143 9  -  Tan Kok Tim, Singapore I REFER to your report (BT, Aug 26) that Venture Corps VP 2020 colour label printer is a world-first, from which the company is expected to rake in a few hundred million dollars annually in sales. It deserves to win the
      FILE PHOTO  -  143 words
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      285 9 We we/come letters. E-mail us at btietterQsph.com.sg or fax us at 6319-8277, or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your fUtl name, address and telephone number, so we can verify it came from you. Please use temperate language, and
      285 words
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      27 9 I Advertise in 1 A Win#, Din* It Entartoin Business Times I Contact Patrick Ang 6319 1284 I j or Amy Choo® 6319 1559 now. I Bivywj,
      27 words
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      Lock icon Page 9 Advertisements Column 3
      49 9 BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, US Prime Rib of Beef and many more mouth-watering dishes to leave you spoilt for choke < Reservations: 6831 6271/72 S Mandarin Singapore J m <=s^ itWTHj 333 Orchard Road. Singapore *****7. Tel: 6737 4411 Fax: 6732 2361
      49 words
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      176 9 SPlßte Look no further than the award-winning Wah Lok Cantonese Restaurant, reputed for its traditional mooncakes. A household brand to numerous food connoisseurs, even a goddess will be impressed! Mooncake Price Description Per Pc Per Box of 6 Pes ote IT 20% discount to Lotus Paste 5.50 30.00 Diners, Maybank
      176 words
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  • Page 10 Advertisements
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      154 10 i-' Wmwlssi' 11%. r. '^^-^-/S^rr-affylyy-' i*z JKHS 1 .<iMSS C^'sT? ■.>•" s.*£ WMMtßi^^S^g^^^^^^SHKfflWMßHKi^R'-■ < :>W' i m^^^i i^:^^fko%:m§*- -•.■*:>. asJRS i-^fvi.?^SF»S*MH®PsaPHBIMBaHH^»iS«?/■< *ex > < -*r- jr..' r t v ->. «r!PBjC v»- a re^w^ i TiMnr*r a,. Hfk ""S r V *4 "<■ r v*sT.f w > f ?\WppL t
      154 words
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      149 11 sfpl ill a f sz r fer v -^-V M -1 3MHSh«£ •-■"-^r--ii SRw&" f«4 gf *f|: I y§ .^/-/^-^dlSrtßaißlßi^^^M^BM^^^^B j SSI W K a V" '^^MSHI^MI /MMm I Hi BA| Fi U 1 ~.ifx ■'i MMar^aßH^ l > f §o™*? af 1 f 2 *fp 5 i"'.'c%^w^^^h^^HH -,5- -J
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  • EDITORIAL & opinion
    • Article, Illustration
      Lock icon Coping with the end of the Age of Inflation
      743 12  -  ■i! 4 1 bottom line OPINION robert samuelson The Washington Post Writers Group THE Age of Inflation is ending the way it began: quietly. Along with the Cold War, the rise and fall of inflation has been a defining event of
      The Washington Post Writers Group  -  743 words
    • Article
      Lock icon IN OTHER WORDS
      90 12 Taxi drivers who behave in this way are traitors and should be lined up against the wall and shot This is the kind of treatment they deserve.' Abdul Kadir Sheikh Rufadr Malaysia's tourism minister, on cabbies who cheat tourists. There is no country I know of supporting
      90 words
    • Article
      Lock icon It's time to move on
      630 12 EDITORIAL IT seems to have become fashionable to deride the efforts of three pillars of the stock market —DBS Bank, Singapore Telecom and the Singapore Exchange (SGX). DBS and Sing Tel are said to have overpaid for Dao Heng Bank and Optus, respectively, while SGX
      630 words
    • Article, Illustration
      Lock icon The advent of the new corporate guardians
      1432 12  -  A new US law aims to deter corporate fraud better with its requirements for lawyers and protection for any whistle-blowing employees By\ Kals Anandarajah The writer is executive partner. Rajah Tann, and author of' Corporate Governance —A Practical Approach, 2001' (Butterworths Asia) THE
      REUTERS FILE PHOTO  -  1,432 words
    • Article
      Lock icon Closed-minded in Carolina
      667 12  -  COMMENTARY It would be folly for US schools to stop nurturing different perspectives and freedom of thought By' Thomas L Friedman The writer is a New York Times columnist NYT THE ruckus being raised by conservative Christians over the University of North Carolina's decision to ask incoming
      NYT  -  667 words
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  • Article, Illustration
    Lock icon SPORT A SHARK
    892 13  -  Advertising Feature In jubilation of the 20th anniversary of the 2000 Series watch, TAG Heuer shares the gift of an ultimate dive experience with a group of celebrity clivers at Pulau Layang Layang in Sabah. Contributed by JOSEPHINE KOH It must be tough; literally, to be a
    892 words
  • Article, Illustration
    Lock icon TAG Heuer 2000 Series: The Professional Sports Watch
    281 13 "The 2000 series is one of the most accomplished dive watches in terms of design," said Mangin. "It's very pure, simple and attractive. If you dream about a good design, this is it. There is nothing you can take out of this
    281 words
  • Article, Illustration
    Lock icon 2000 Series: The Ultimate Test
    179 13 With the help of the Royal Malaysian Navy, the 2000 series was subjected to a special series of tests under the most extreme conditions, to challenge the limits of the watch, and establish the reliability and quality required for a demanding sport like diving. Such
    179 words
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  • REGIONAL news
    • Article
      Lock icon HK plans to allow banks to share more credit data
      464 14  -  Move to tackle problem of soaring bankruptcies FYOTTIi Audrey Tan in Hong Kong HONG Kong is proposing to relax privacy rules to allow banks to share more credit data, in an effort to tackle its problem of sky-rocketing bankruptcies. Yesterday,
      464 words
    • Article, Illustration
      Lock icon KL likely to raise pump prices by 6% this week
      456 14  -  From\ Diana Oon Abdullah in Kuala Lumpur THE Malaysian government is expected to raise petrol pump prices at the end of this week, reducing its fuel subsidies for the second time in four months. Market rumours have it that pump
      FILE PHOTO  -  456 words
    • Article
      Lock icon TRI asks ex-chairman, two others to return RM24m
      235 14 KUALA LUMPUR Reuters MALAYSIAN mobile firm Technology Resources Industries (TRI) said yesterday it had asked its former chairman and two others to hand back a total of RM24.3 million (SSll.l million) that would otherwise hit profits. The country's No 2 cellular firm,
      Reuters  -  235 words
    • Article
      Lock icon 5 banks keen to buy Danamon: Ibra
      130 14 JAKARTA Reuters THE Indonesian Bank Restructuring Agency (Ibra) said yesterday five investment banks had expressed interest in buying up to 51 per cent of Bank Danamon, the country's fifth largest bank. "Three investment banks from Indonesia, one from Singapore and one from Hong
      Reuters  -  130 words
    • NOTE Book
      • Article
        Lock icon China Telecom's profit falls 64%
        55 14 Bloomberg (HONG KONG] China Telecom Corp profit fell 64 per cent last year as the unit of the country's biggest fixed-line phone company took charges in preparation for a share sale to raise US$5 billion Profit dropped to HK$6.5 billion (Ssl.s billion) in 2001 from
        Bloomberg  -  55 words
      • Article
        Lock icon Indosat's H1 profit down 7.8%
        67 14 Reuters [JAKARTA] Indonesia's international call operator PT Indosat said yesterday its first half net profit fell 7.8 per cent from last year, due mainly to higher depreciation costs although foreign exchange gains helped soften the blow. Indosat said its net profit in the first half
        Reuters  -  67 words
      • Article
        Lock icon China is Taiwan's largest market
        90 14 AFP [TAIPEI] China remained Taiwan's largest market in the first half of this year, absorbing 23.8 per cent of the island's total exports, official data showed yesterday. Taiwan recorded a surplus of U5511.29 billion with the mainland out of total trade of U5518.39 billion between
        AFP  -  90 words
      • Article
        Lock icon M'sia gas pipeline on track: Thaksin
        65 14 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra insisted yesterday that construction of a controversial gas pipeline from the Gulf of Thailand to Malaysia will go ahead despite opposition from environmentalists. Dr Thaksin said the 30 billion baht (Ssl.2 billion) pipeline and gas treatment project
        Reuters  -  65 words
    • Article
      Lock icon Ex-Air China exec executed for graft
      109 16 AP [BEIJING] Former Air China deputy chief of finance Yang Ning has been executed for embezzlement, a China court official said yesterday. Yang was convicted of stealing more than 26 million yuan (556.5 million), said the Supreme People's Court official. She would give only
      AP  -  109 words
    • Article, Illustration
      Lock icon Hutchison opposes proposed bridge
      571 16  -  It is against state subsidies for 29 km bridge linking HK to Macao and Fromi Audrey Tan in Hong Kong THE war of words between infrastructure tycoon Gordon Wu and Li Ka-shing's deputy. Canning Fok, has intensified, as Mr Li's Hutchison Whampoa said that it is
      571 words
    • Article
      Lock icon Danaharta expects to recover over half of bad loans
      343 16 KUALA LUMPUR MALAYSIA'S state-run asset manager said yesterday it expected to recover more than half of the RM51.88 billion (5523.9 billion) in bad loans it took over after Malaysia tipped into a financial crisis five years ago. Pengurusan Danaharta Nasional Bhd,
      343 words
    • Article
      Lock icon Lai Sun boss to appeal despite cut in jail term
      402 16  -  He maintains he's innocent of Taiwan graft charge Fromi Audrey Tan in Hong Kong THE 87-year-old founder of Hong Kong's Lai Sun group of companies, Lim Por-yen, returned to Taiwan on Tuesday to file a final appeal, after an earlier
      402 words
  • Article, Illustration
    Lock icon FINANCE
    906 14 Transaction date:Aug2B DfTBEBAMMCatOgS KATES ——^^—5?—" i>t Yw 1 «> N» B tmt Sir If Kt Hmi HSS OJM 4JM 0.5H 4324 ***** 49.240 0157 4.657 2J07 U73 ***** 21.771 0.970 5H5 0129 EW 2140 OH? 0.554 ST 0,4 >"» tB 22 fS .m Ji ii? 1447 m 700 ion
    906 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      168 14 BfiS&QH \Y Wuxi Boustead Industrial Park hatnill D»«4opr-» Lio«no, Hq *****70 Wo. *****78 Mutd by Ptannng Office \,-J ?~r2ojfj '<■ JL^tf :^^RsHraps T/fflHB j NOVOTEL MEANS BUSINESS Shanghai Novotel Atlantis Shanghai US$9l Beijing Novotel Peace Beijing USsBo** Beijing Novotel Xin Qiao Beijing US$BO" Shenzhen Novotel Watergate Shenzhen USs6B** Hong Kong
      168 words
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      Lock icon Page 14 Advertisements Column 2
      36 14 RTF^ITI I -Lianhe Zaobao I I Banks I lin talk with I Ihdb I I to lift its first I I right of I I possession I I I I tiSttßttii-iantt I ■!r \ri: J Billbiß
      36 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      713 15 Remarkably unsuccessful inventions of our time. 2. The Trouser. 1 Belt-loops. In case someone invents Note the convenient absence of zips. <■ Smart crease, J to counterpoint the a puckish charm of js the exposed leg. H ■L Patent, among other, Trouser-cuff. less-attractive dangly-bits, Useful for storing coins, pending. keys
      713 words
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  • Article
    Lock icon COMMODITIES
    1560 16 mom ruTUKES Aug 28 RIMER Fibre (Owing prion) tSS1(Sc«n»jAg) Dos* VotuM Open Wgfc Sett (tonnes) Interest S«P 02 155.75 Oct 02 155.50 Mo* 02 155.50 0*C 02 155.50 KS 3 (US cants/kg) Volume Open M*** Lew Sttt (tows) Interest Sp02 8875 850 Oct 02 90.00 87.75 87.75 1300 1425
    1,560 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      361 16 Call toil-free 1800 289 8822 GLASMET INDUSTRIES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that the final meeting of the members of the Company will be held at 2 Havelock Road, #07-07
      361 words
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      Lock icon Page 16 Advertisements Column 2
      288 16 SEAFOOD 98 PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) NOTICE OF MEETING OF CREDITORS Notice is hereby given that pursuont to Section 296 of me Companies Act, Cap 50 that o Meeting of the Creditors of the abovenamed company will be held at 6 Shenton Way, DBS Building Tower I, Level
      288 words
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  • WORLD news
    • Article
      Lock icon SEC rule to apply to Asian firms listed in US
      457 17 TOKYO Chief executives will have to vouch for financial statements Bloomberg ASIAN companies listed in the US must make chief executives vouch for financial statements filed in the US, according to the Securities and Exchange Commission. The SEC rules introduced
      Bloomberg  -  457 words
    • Article
      Lock icon Calpers' assets fall 8% to US$143b
      239 17 NEW YORK Reuters CALPERS, the largest US public pension fund, said on Tuesday its assets fell 8 per cent over the past year, dipping to their lowest level since 1998, but real estate holdings softened the bear market's blow. The California Public Employees' Retirement
      Reuters  -  239 words
    • Article
      Lock icon EIU cuts world growth forecast to 2.9%
      459 17  -  It cites sharp loss of consumer and business confidence; US growth estimate cnt to 2.4% from 19% Bui Anna Teo [SINGAPORE] Citing a sharp slowdown in the global economy in recent months, the Economist Intelligence Unit (EIU) has cut its forecasts of 2002
      459 words
    • Article, Illustration
      Lock icon Salomon allotted hot IPO shares to WorldCom's ex-chief
      348 17 NEW YORK NYT, AFP BERNARD J Ebbers, the former chairman of WorldCom, received almost one million shares of stock in hot initial public offerings from Salomon Smith Barney over four years, according to documents released by a Congressional committee investigating the collapse
      NYT,; AFP; REUTERS  -  348 words
    • WORLD Watch
      • Article
        Lock icon Jabil buys Philips circuit board unit
        77 17 Bloomberg [AMSTERDAM] Royal Philips Electronics NV agreed to sell most of a unit that makes printed circuit boards to Jabil Circuit Inc of Florida for about 235 million euros (Ss4o3 million). Jabil Circuit signed a four-year 4 billion-euro contract to supply Philips with printed
        Bloomberg  -  77 words
      • Article
        Lock icon ITC says no to more steel protection
        77 17 Reuters [WASHINGTON] The US International Trade Commission on Tuesday dealt a blow to the US steel industry's bid for increased protection by voting to deny steep new anti-dumping duties on cold-rolled steel imports from Australia, Sweden, Japan, Thailand and India. The vote follows
        Reuters  -  77 words
      • Article
        Lock icon Deal on Andersen Worldwide suit
        74 17 NYT [NEW YORK] Enron shareholders announced on Tuesday that they had reached a tentative US$4O million settlement with Andersen Worldwide, the umbrella group for overseas accounting firms affiliated with Arthur Andersen. While the settlement, which still requires the approval of some of the parties involved
        NYT  -  74 words
      • Article
        Lock icon Nasdaq Japan's listing fees to be cut
        84 17 Reuters [TOKYO] Japan's Osaka Securities Exchange would lower costs for listing on the Nasdaq Japan market as part of efforts to attract start-up firms in an overcrowded market after the exit of its US partner. The bourse said the Nasdaq Japan market, to
        Reuters  -  84 words
    • Article, Illustration
      Lock icon HP's Q3 profit meets market calls
      604 18  -  Bat sales dip due to weak enterprise, PC, services sectors From Jennifer Lien in Silicon Valley COMPUTER maker Hew-lett-Packard Co's thirdquarter results are in line with analysts' expectations, thanks to a relentless costcutting programme following its recent controversial merger with Compaq Computer. In the
      604 words
    • Article
      Lock icon Telstra disappoints with 9.8% drop in profit to A$3.7b
      281 18 MELBOURNE Reuters AUSTRALIA'S largest telecoms group, Telstra Corp Ltd, laid the foundation for further Asian acquisitions yesterday but disappointed investors with lower than expected annual earnings and flat dividends. Telstra said its 2001-02 net profit fell 9.8 per cent to A
      Reuters  -  281 words
    • Article
      Lock icon Bulk of Enron assets put on the block
      408 18 HOUSTON Successful sale would amount to liquidation of firm Reuters, NYT BANKRUPT Enron Corp put the bulk of its top assets up for sale on Tuesday, a move, if successful, that would dash its plans to rebuild as a stripped-down power and
      Reuters,; NYT  -  408 words
    • Article
      Lock icon SEC rejects Global Crossing's offer to settle: paper
      167 18 NEW YORK Bloomberg, Reuters THE Securities and Exchange Commission rejected a settlement proposal from troubled fibre-optic carrier Global Crossing Ltd. the Wall Street Journal reported yesterday. Under Global Crossing's offer, the firm would agree to cease and desist fraudulent practices without denying
      Bloomberg,; Reuters  -  167 words
  • Article
    Lock icon STOCKS ASIA
    5439 17 i Transaction date:Aug 28 /for more, go to umrw.asiajonenmarketsjoorn HONG KONG w Alpha General 002 uncfi 4500 Ananda Wing On _.0.Q2 unch *****0 Angang New Steel H —0.97 -0.01 3688 Annm Conch H J -o.oe 146 Anhui Expressway H 1.70 0 02 856 ArcontecnCbip 0.47 0.01 340 Asia
    5,439 words
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  • Article
    Lock icon KLSE
    2537 18 Transaction date:Aug 28 KUALA LUMPUR v*i m *4- cm* A 4 M Realty .0.9* -0.06 15 AbrK 149 unch 9 ACT Industries .3.16 -0.04 24 Advance Synergy 0.47 -0.01 98 Affin Holdings .025 -001 110 Ahmad Zaki Res 3.18 -022 203 AIC Corp 4.96 -004 17 AikbeeRes 1.11 -002
    2,537 words
  • Article
    Lock icon SGX
    715 18 Transaction date:Aug2B a —'I ll 1 1 CMC 0 50 4.480 *0 .100 NMSt** 50c 0 37 17(0 -0010 CaptaUnd 1.35 1.400 *0020 OOC iM ***** *0100 Om\ SarraCond 2fc 102 2X0 -0070 OUt 0 55 '"0 -0150 CNyDttSOc 2 45 5 900 -0.050 Partway H 25c 035 0.7B0
    715 words
  • Article
    Lock icon BONDS & WARRANTS
    617 18 BONDS WARRANTS Prwm Expiry L«t Vol Con* Eur Dm Mtto c ««c- rwwih Wo 6iwl«| UK ASTIW*****1 175 unch 30 1 16 46 1.31 22 Aana Ltd WD411 K 13 1 50 636 4 67 27 Amtek W*****0 91 -2 235 1 33 2 U3 34 Armstrong W040S20 2 0.5
    617 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      212 18 CRYPTIC CROSSWORD 28 Attr t^ e suc BNo mean poet? (7) YESTERDAY'S SOLUTION (7) Good native of a ptece in an- Across: 1 Stampeded, 9 CaDOWN cient Palestine (9) reer, 10 Formalise, 11 Yields, 12 1 Flighty creature has dispute 15 A chum accepts no end of Appeasing 13 Celtic
      212 words
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  • Article
    Lock icon SGX MAINBOARD
    4662 19 Transaction date:Aug 28 for live prices, log on to ivuwxtsiaoTiernarketsxxmi J2L -JJ"» 6rt)fc» Ho GrYld Met 88C* WUq W» UK Sale W- (T< «0i Um 8—r M» Cw m >3 ftg ABNAmroNLG 56c 12 34 1414 2*5 151 ACE Dynamics** 115 unch 176 11.5 11.5 11.5 12 0
    4,662 words
  • Article
    Lock icon SGX XTRANET
    47 19 £1.. a a a*'; srs-a 10J50 Tm s Diamonds US8960 MOO 910 i ISDJUSTcdi US34S0cd 575 440 s IS MSG Spore US555 SSS ***** 9870 s ISSAPSOO USIOiOOcfl ***** 8330 s SPDHS USHOIkd I I 1105 1480 ST1ETT100 15S0 »1 0 1550 1540 1540 1550
    47 words
  • Article
    Lock icon SGX SESDAQ
    1383 19 T-r a w A jr 3 ■ana ks o c A?o!^ t>t 1> 17 s 5 14 74 jj 585 275 c AS Auto Ifc 2*5 -0.5 38 285 28 285 JO »J 51.5 20cA5T11fc 23 -OS 315 23 225 225 23 21 5 S'*"!**.- i ii ii
    1,383 words
  • Article
    Lock icon CLOB INTERNATIONAL
    381 19 Last Vol Day UctQwrt* GrtM• M« GrVM Hn ttCm «■>» W- HW to» D»yr Mhr Cm Hi till 115 K AVJenrmgs A2Sc A 94 -0.5 27 M S 94 94 9S 40 3 4 10.6 5.5 202J Cathay P* 20c MK 720 265 2.1 7 4 6 *****2
    381 words
  • BIZIT
    • Article
      Lock icon Large flat-panel sales seen falling in Q3
      296 19 Shipments expected to drop 7.8% to l(L2m units from Q2 Bloomberg [TOKYO] Global shipments of large flat-panel displays will fall in Q3 2002 because demand for PCs, the biggest user of the displays, will slump, a market researcher said. Shipments of LCDs mea-
      Bloomberg  -  296 words
    • Article
      Lock icon Samsung colour displays for handphones
      142 19 Bloomberg [SEOUL] Samsung SDI Co, the world's second largest maker of CRT displays, said that it will begin making colour screens for mobile phones that don't require backlighting. It plans to take the lead in that emerging business. From this month, Samsung SDI will start
      Bloomberg  -  142 words
    • Article
      Lock icon Online bill payment yet to gain acceptance
      157 19 AP [NEW YORK) It's cheap to use and eliminates the hassle of mailing cheques, but online bill payment is still struggling for acceptance. Banks are daunted by the setup costs and the challenge of convincing consumers of the value of such systems. "The
      AP  -  157 words
    • Article
      Lock icon Nortel to axe 7,000 jobs
      104 19 Bloomberg [BRAMPTON, Ontario] Nortel Networks Corp said it will cut 7,000 more jobs, or 17 per cent of its staff, and Q3 revenue will miss forecasts because of a decline in spending on equipment by US phone companies. North America's secondbiggest maker of telephone gear
      Bloomberg  -  104 words
    • IT TAKES
      • Article
        Lock icon Asean move to track terror
        89 19 AFP [MANILA] South-east Asian telecoms ministers have decided to set up an early warning system to track down terrorists using computer networks to destablise the region. An Association of South-east Asian Nations (Asean) Network Security Coordination Council would be established to offer "protection of information
        AFP  -  89 words
      • Article
        Lock icon Global server mart shrinks in Q2
        59 19 Reuters [SAN FRANCISCO] The global market for computer servers shrank to US$lO.l billion in Q2 2002, from US$ll.6 billion in Q2 2001, said research house Gartner Dataquest. IBM led the pack with 29.6 per cent of the market revenue, followed by HP with 24.7
        Reuters  -  59 words
      • Article
        Lock icon Win XP update coming soon
        83 19 Bloomberg [REDMOND, Washington] Microsoft Corp said it plans to distribute an update of the Windows XP operating system within 10 days as part of an effort to comply with the terms of an anti-trust agreement with the US Justice Department. Computer makers and end users
        Bloomberg  -  83 words
    • Article, Illustration
      Lock icon Online gaming set to take off here
      535 20  -  -^exclusive The sector is expected to grow at 73% a year between now and 2005: Frost Sullivan study Reports by] Leo Kee Chye THE jump in the number of broadband subscribers and the increasing availability of new games looks set to push Singapore's
      535 words
    • Article
      Lock icon Cyber games at Ngee Ann City
      222 20 THE world's biggest online gaming competition will start here today, with the Singapore leg of the event being organised by IDA (Infocomm Development Authority of Singapore), Samsung Electronics and Lycos Asia Ltd. The World Cyber Games 2002 Singapore Championship will be held over the
      222 words
    • Article, Illustration
      Lock icon Re-examine role of MNCs too
      623 20  -  iMicomment INFOTECH Clearer picture of multinationals vls-a-vls local firms could help avoid a GLC-type scenario kenneth james The writer is BT's Technology Editor AS debate rages over GLCs, TLCs and NLCs, let's not forget that other group of corporations that, perhaps no less equally, have
      623 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      365 20 HP Bottom line focused The hp rp7410 server HP-UX Hi ranked #1 UNIX worldwide*! When you're putting your IT infrastructure in place, cost efficiency is as oJjH important as superior technology. The HP rp7410 server delivers both. Rom bottom up, it's been designed to deliver the lowest industry costs in
      365 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      277 21 Reuters THE Baltic Dry Index rose four points to 1,025, the Baltic Panamax gained eight to 1,029, the Baltic Handymax fell three points to 7,741, while the Baltic Capesize moved up three points to 1,183. Bartolomeu Dias (built 1990) 151,227 dwt 14L/15.28 on 50 0.1 delivery Shanghai Aug
      Reuters  -  277 words
    • Article
      Lock icon MARITIME STOCKS
      260 21 uuu k*2» a t* CWT Distribution 0.74 uncti 0 ChuanHup 0.44 -O.OI 2016 Coses Investment 0.19 -0.01 41 FreWit Links 0.05 unch 71 OB HoMfeMt 0.71 -0.01 S Jaya Holdings 0.24 unch 9S4 KeppelCocp 4.56 0.02 m7 Keppel Marine 0.16 unch 1075 Kappel TM LOO unch 2 Labroy
      260 words
    • Article, Illustration
      Lock icon Klang terminals urged to meet competitive challenges
      620 21  -  Northport, Westport most strive to attract, retain shipping lines: M'sian DPM By Donald Urquhart [SINGAPORE] Malaysia's deputy prime minister has urged Port Klang's Northport and Westport container terminals to rise to the challenge of growing competitive pressures including that posed by Singapore. Speaking
      FILE PHOTO  -  620 words
    • Article
      Lock icon S Korea-EU talks have little impact on shipyard shares
      191 21 S KoreaEU talks have little impact on shipyard shares Bloomberg [SEOUL] Officials from the European Union and South Korea are meeting for a second day in Seoul to discuss issues facing shipbuilders who need to secure higherpriced orders. The talks come just as the European Commission has said it would
      Bloomberg  -  191 words
    • Article
      Lock icon Privatised Sydney terminal plans expansion
      141 21 (SINGAPORE) Sydney Ports' Glebe Island Motor Vehicle Terminal has been privatised in preparation for an expansion and upgrade. A joint venture between terminal and stevedorage giants P&O Ports and Patrick Corporation Australian Automotive Terminals (AAT) yesterday reached a 10-year lease, management and development agreement with
      141 words
    • Article, Illustration
      Lock icon Norwegian ship ordered into French port after collision
      290 21 AFP (CHERBOURG,- France! The owner of a Norwegian chemical cargo vessel ordered into a French port after a deadly collision with a French trawler earlier this week admitted yesterday that the freighter was indeed involved in the accident. The Norwegian ship was
      AFP; AP  -  290 words
    • Article
      Lock icon Surcharge on US box imports from Asia extended
      405 21  -  US probes allegations of TSA's discrimination against non-vessel-operating common carriers By] Beth Jinks [SINGAPORE] Sustained strong cargo volumes have prompted msuor container shipping lines, including Neptune Orient Lines' (NOL) APL, to extend the US$3OO peak season surcharge on containerised US imports from
      405 words
    • Article
      Lock icon China Ocean Shipping to sell 2b yuan bonds today
      328 21 Bloomberg [SHANGHAI] China Ocean Shipping Co, the country's largest shipping company, will sell 2 billion yuan ($242 million) of bonds today to pay for eight new ships, giving local investors a rare chance to buy corporate debt. The 15-year bonds, rated
      Bloomberg  -  328 words
    • CHINA transport
      • Article, Illustration
        Lock icon Massive railway to link Shanghai to interior
        678 22  -  A high-speed rail along the Yangtze will help boost development of China's interior, reports p TBangsberg P T Bangsberg CHINA plans further ambitious transport projects to link Shanghai, its commercial capital and largest port, with other vital economic centres on the coast and
        678 words
      • Article
        Lock icon SHIPPING SCHEDULES INDEX
        92 22 PACE Kit ft rt«QM« ft CMi COM 3 COSCO 3 Cold—m 5 > CtKralb 4 CMuSHM 5 8 Couq* S It CWUlateM 6 4 DongMiiM 3 ta 3 Ewvwe 4 foonqS* ft4ilr«nt f Hw*i Mruntfit Hmnq-A «IU Kim tang irm KMTC 8 Lner l*r*vK MOl Mfimj ncn
        92 words
    • Article
      Lock icon SHIPPING GUIDE
      9832 26 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone SIN pMfn Nffw Name Number Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire 09/09 01/10 Delmas FLORA DELMAS 235W 65-*****344 09/09 06/10 Kien Hung LIBERTY CONTAINER LC204S 65-*****133 09/09 18/10 CMA CGM PENINSULAR BAY I9GW 65-*****800 09/09 22/10 CtWnaShpg ASTA
      9,832 words
    • SHIPS IN PORT
      • Article
        Lock icon CONVENTIONAL WHARVES
        589 29 Voy No Berth Arrival Departure JURONG PORT BT KEN SAK 2 3AUG02 J1 A/SIDE 29/08 030C CITRA LINE 1 JB0805 J2 A/SIDE 29/08 0015 ETOFFSHORE2O 58/02 J11 A/SIDE 29/08 0630 GIADINH GD0201 J14/15 A/SIDE 29/08 0800 PANDORAP E401 J15/16 A/SIDE 29/08 2100 POE 2410 2708 J14 A/SIDE 29/08
        589 words
      • Article
        Lock icon CONTAINER SCHEDULES
        1373 29 CONTAINERS TERMINAL AMD VESSEL SCHEPUl VdMl Out In Ml IcrtMaf Un- I** *«y m iir*im Mm* MxmtMum com oem i nanm-irao ovoKamwo AOl WWB 067N 067N 1 30W*****700 30P>0007 1100 K16 OOT C197E 1 31/MOttBllOO *****002 7300 AIAMIATA1 10 WO 1 KUWWggiflO jaWTQOa 15QQ Km ah camp on
        1,373 words
      • Article
        Lock icon VERITAS BUNKER QUALITY REPORT
        446 29 tain *■<» PwtltT —ttf IwMw Si—it «Mftl »»A %M/» mt mJoZ ISO/Cmmc LMts Spec £25 991 10 B.0 0.10 80 010 »at 635 991 10 W.Q Q.B 80 0.10 Nortlwni Europe 90 Aw 976.1 02 10J 0.04 20 0.02 »0 Mai 9919 U 16.1 0.07 66
        446 words
      • Article
        Lock icon GLOBAL HOLIDAYS
        174 29 Aug 31 Malaysia: National Day Philippines: Nat Heroes Day Sep 2 United States: Labour Day. Vietnam: National. Sep 3 Canada: Labour Day. Sep IS Japan: Respect-for-the-Aged Day Sep 20 Korea: Harvest Day. Sep 21 Korea: Harvest Day. Taiwan: M id-Aut Festival. Sep 22 Hong Kong: Mid-Aut Festival. Korea:
        174 words
      • Article
        Lock icon COCKETT BUNKER MARKET REPORT
        813 29 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 sued stem Market movements are indi cated The Cockett Bunker Price Index change
        813 words
    • AIR & LAND transport
      • Article, Illustration
        Lock icon Air NZ shares slide on bleak earnings outlook
        544 30 No improvement expected soon after third year of loss Bloomberg [AUCKLAND] Air New Zealand's shares had their biggest intra-day drop in three months yesterday after the national carrier said earnings will not improve soon following its third year of losses. The airline's
        Bloomberg; REUTERS  -  544 words
      • Article, Illustration
        Lock icon China Eastern to buy Yunnan, Northwest assets in 18 months
        464 30 Bloomberg [HONG KONG] China Eastern Airlines, the country's third biggest airline, expects to complete the purchase of aviation assets of Yunnan Airlines and China Northwest Airlines from their parents within 18 months. "We don't need two years, which is required
        Bloomberg; AP  -  464 words
      • Article
        Lock icon US fighter jet escorts flight after 'miscommunication'
        325 30 Passengers given little information on situation by crew AP [LINTHICUM, Maryland] A fighter jet escorted a US Airways flight to BaltimoreWashington International Airport on Tuesday after a "miscommunication" officials said. The military jet was scrambled sent into the air quickly and escorted Flight
        AP  -  325 words
      • Article
        Lock icon New German budget carrier
        96 30 AFP [BERLIN] TUI, Europe's leading tourism and travel group, is teaming up with German charter airline Germania to set up a new budget carrier, sources close to the negotiations said on Tuesday. A TUI spokesman declined to comment on the information. But he said that the
        AFP  -  96 words
      • Article
        Lock icon Boeing eyes ventures with M'sian companies
        432 30 It hopes to replicate JV with parts maker ACM Bernama [KUALA LUMPUR] Boeing, the world's largest commercial aircraft manufacturer intends to replicate the success of its Malaysian joint venture, Asian Composites Manufacturing Sdn Bhd (ACM), by establishing similar partnership in other fields, says a
        Bernama  -  432 words
      • Article
        Lock icon Union urges machinists to reject Boeing contract offer
        377 30 No fresh talks planned; possible strike from Sunday Reuters [SEATTLE] The union representing 26,000 Boeing Co machinists on Tuesday urged members to reject a final contract offer, setting up a possible strike that would shut down production at the world's No 1
        Reuters  -  377 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
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        2,077 words
  • Page 21 Advertisements
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      430 22 I NORTH AMERICA GULF/INDIA SUB-CONTINENT jSUPEB SHUTTLE EXPRESS (SSX) WW KARACHI ITF—i (QKX) vpsa vor igo pig vot pao ""^5"""""" OOQ CAUFORMA MW» 14/01 01/09 ***** PM> NBUOTD DAMMAM OX 21/00 22/00 24/00 01/09 ssrj 0 iz zz »z w» "rum mamma m 29/00 M/ 09 10/10 u/w ASIA EAST
      430 words
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      45 22 WORLDGATE EXPRESS LINES PTE LTD I ®°> Cecil Street, #IM3KM, Bangkok Bank ItiOrthiu, S*pore *****6 IPWT *****911 Fax: Email: w9ate@mbox2.singnetcom.sg WEBSITE: http://www. worldgate.com. sq Calfutfejf Chlttagong —2.™ Karachi port louis 29/08 Bombay wßrMadras chtooohomhaka KARACHI/L HORE 30/08 MADRAS/BANGALOfIE 31AM Colomwr ICALCUTTA 29/08J POrt LOUIS NHAVA SHEVA
      45 words
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      651 22 Lines services represented by Members of the Registry of Members of the Accredited Shipping Agents, Singapore Logistics Ng Singapore Shipping Associotion Association I^ULYUNE-MAU /vissa vor eta ha "nT\ P. KiAWG SfOKE MAIJ Princess Lily Q7Q2 01/09 02/09 10/09 Empress Lily 0602 20/09 21/09 30/09 Princess Lily 0802 07/10 08/10 17/10
      651 words
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      719 23 TO USA (SAX SERVICE) rostl VOY SINETA LAX OAK Mi HOU CHI CO! MM ATI NYC APISCOTIANP Mil 04/09 19/09 23/09 23/09 23/09 23/09 24/09 23/09 25/09 25/09 **SWEPEN H/W 24/09 30/09 30/09 30/09 30/09 01/10 30/09 02/10 02/10 AftttLG<u 1071 11/09 03/10 07/10 07/10 07/10 07/10 08/10 07/10 09/10
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      1380 23 DIRECT CALL TO COSUt SHipfMNC PTI LIB asAS, -SSSP ■"'ggl/g I «"WO 4 Mrs <£•— sss gggg I IMMIUIU 12MYS JONO® S OFFICE: (ONVUDOIUi umm /acji miim /n I (M) SO IMP TE: 07-*****44 HULI7-*****7f Mm* 1/ISO A *****23/73 I W IK W M Ml UOI NO IB m Urn
      1,380 words
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      457 23 Jftl -I^—iic—flfi—sua—K_ vcsa voy sni sic jn mUMMUM B?0_ 307T 3/J 4/1 10/9 !2/» 14/> UUIHUH fft J7J Tj7t n71 «™M"« Jots_ J£_ Jo£_ 11/» MMM UUIKUM m~ \T*~ mm J4!LJZZ!_]I3: uuiiiui —38[tMcmmuM wo?i ?>/» ?yi a/> 2/10 4/10 4/10 uuihum 274s W iTio i7fir~ Sag^s! 1 EH NOUSUGULT I
      457 words
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      706 24 HMN¥= HYUNDAI MERCHANT MARINE CO., LTD. |waa WT m sou ia rtm ant m» m |[yreii vot sow mi tw ant turn wv W BY GCNERAI U9W 19/01 10/09 04/09 04/09 01/09 MCH acnGtmr 00«W 07/01 03/01 71/*7 M/aa tfl AGATE 104W M/ 09 ,0/09 12/09 API.NDU 102W 79/" "l"
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      544 24 V® 1 WAN HA! UHSS INTRODUCING: I NEW WEEKLY EXPRESS SERVICE J MM Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or I *****588 cartas ovw iT/S oi/oo oi/oo n/09 12/09 u/oo 20/09 17M 27/09 25/09 01/10 03/10 I 09/10 *7/10 11/10 IS/10 I HfIMRW** 6 i/S M
      544 words
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      661 24 m st®XTA* WEEKLY EXPRESS SAILING SCHEDULE also accepting to all northern wo western icq points msa VOT Ml PJOANG COUMMQ ASHEYA Colo—o row moot »sm wiui 31m 4am ~Tuk, lOU HIMtA miOOS 7AM OMIT OMIT 14 AM If AM •OMficS om~ MAUG m OST haug I?AM mwmiiwi oi3wr ham lujT
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      1135 25 [VESSEL VOY KHH HKO I SIN PKL DXB »AI DMM UK IRAN HERMAN PCI 274 27/08 28/08 31/08 01/09 08/09 09/09 13/09 IS/09 IRAN ISFAHAN PCI-275 03/09 04/09 07/09 08/09 15/09 16/09 20/09 22/09 IRAN HORMOZGAN PCL-276 10/09 11/09 14/09 15/09 22/09 23/09 27/09 29/09 IRAN TEHRAN PCL- 277 17/09
      1,135 words
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      602 25 UK CONTINENT SERVICE Loadngtar PANDORA P RDM/ATW/BMN/UK/NAN MAKRA RDM/ATW/BMNAJK/NAN Loads Srigapore, E/W. Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for MARINE UNIVERSAL II DBl/ABU/DOH/BRN/DMM/KWT AFRICA DBl/ABU/DOH/BRN/DMM/KWT FATMA ANA ADN/JDH/AQA/TRP HANDY ASPERANCE JDH/AQA EXPLORER S DBl/ABU/DOH/BRN/DMM/KWT "Loads Singapore. E/W. Malaysia. Indonesia USA SERVICE Loadng for MED INTEGRITY CAM/NFK/SAV/NOL YOU SHENG CAM/NFK/SAV/NOL NEW MARINER
      602 words
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      682 25 JBSfi *BI rn. MT PM lAMDA 07A48 irof OTOT Kf tatTm HIM ?1/W SS ot*m m/m i u* aiza 5M «;U~ m SIH atel Ss aTTa J£«= jg bb -sms sn ra iia n M/W I HOIA6AJU 111 72/04 26/04 jrn si FBI wssa VOT Sm m "Stiurii Kiium atz
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      123 26 LM KYOWA LINE Vol |¥»y Um Tap [Kttl Th* nLJ mrfui i Al Abdoli CI97E" 31/08 ***** OMIT 27/09 29/09 30/09 Al Abdoli Cl97E*' 31/08 17/09 30/09 1 A Abdoli CI97E" 31/08 ~*****" 25/09 26/09 Al Abdoli CI97E" 31/08 15/09 24/09 25/09 27/09 29/09 Al Mutanobbi CI9BE 07/09 ~T9709" 25/09
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      304 26 CWT GLOBELINK PTE LTD W OWN Of EKES IN TEL:622 ***** (36 LINES) FAX:*****742 m \.c>Zr!c,S. L ?2 U Nl tHAN< 0 T KILAMGnkm GUDANG KUCHING BANGKOK KARACHI BOMBAYt£rs2. tO HO CHI M,NH CITY -HAIPHONG-HANOI-Ml MEN HAMBURG TIANJIN QINGDAO m SHANGHAI XIAMEN FUZHOU OALIAN XIAN BEIJING SHI HA ZHUANG DIRECT
      304 words
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      14 26 KEEP UPTO DATE ON TRENDS WITH THE LINER SCENE FORTNIGHTLY ON MONDAYS SHIPPING TIMES
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      240 26 BSA4 MYANMA FIVE STAR UNE (Mjtmv National Um) Vissa VOT SM m m KU OM SHWI HAW M W SU> PAGAN V3O4W SU> IN HAUTSIA. MMISTIAD SNIPPING AG€NCI(S «UL- 03-*****300 PU: 03 317*4101 PfN: 04-*****02 BANK LINE (A mrki of Aairtw Wtir Skipfiaf) vf" Norm BOUND TO EUROPE j V
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  • Page 29 Miscellaneous
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      114 29 K Thunderstorm A Showers X\ a n emperature &r~j Wind direction and speed in knots Cloudy Day weatner X Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds II 1 2,11 -J—-One half fleche represents 5 knots Moderate, 1.2 m 2.5
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