The Business Times, 5 November 2002

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Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES MITA 010/03/2009 850 SINGAPORE I Internet: ht T p:/,l>usiness-times.asial .com.sg TUESDAY, NOVEMBER 5, 2002
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  • 59 1 ma basket nances Monday Change KLSECOMP Closed NIKKEI 225 Closed HANG SENG 8,720.83 +313.16 set index mm +1.12 JAKARTA 00MP JSSXJSi +12.74 MANILA OOMP .1,050.86 +146 TAIPEI WPI 4383.68 +83.13 SEOUL COMP 872.68 +26.03 SHENZHEN B ***** +4.16 AUSTALLORD 1,***** +42J0 BOMBAY IND Closed llaa EST Change DOW
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  • 63 1 urn lira USt Sf US$ (SSperUSS) 1.7C7 £(USS/S$ per IJ6M 176# EUB0fUS4/S$/E). 0*7 1.744 YEN 1216 69.30 RM 3.800 2.160 HKS 7.799 4413 BAffT 4129 2449 RUPIAH 0223 FUME KATES SINGAPORE* bib KUALA LUMPUR 6,40 HONG KONG 5.12a JAKARTA 39.00 TAIPEI 6.625 TOKYO 1.375 SEOUL 955 FRANKFURT 3i5 LONDON
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  • 440 1  -  Tycoon says he had previously informally explored 60 financing By i Quak Hiang Whai [SINGAPORE] Oei Hong Leong, the man standing in the way of a takeover bid for Nat Steel, yesterday revealed a tantalising bit about what his game plan might be. In
    440 words
  • 866 1  -  Prime Minister Goh pushes for an Asean economic community Reports by* Yang Razali Kassim in Phnom Penh ASEAN leaders yesterday embarked on one of their most challenging tasks in years, taking the region into a new phase of free trade and special economic
    REUTERS  -  866 words
  • 778 1 UNHAPPINESS within Asean about the slow progress towards integrating the group's 10 member economies spilled into the open on the first day of the leaders' eighth summit here yesterday. Outgoing secretary-gen-eral Rodolfo Severino, whose role will be taken over by Ong Keng Yong
    AFP  -  778 words
  • 430 1  -  Benefits pursued include better lean, insurance terms By Kalpana Rashiwala [SINGAPORE] Property owners, who are perhaps the biggest single group of asset owners in Singapore, will now have an association they can call their own. Known as the Association of Real Estate
    430 words
  • Page 1 Advertisements
    • 114 1 prams BT Comment Lee Han Shlh: Delay of Ang Mo Kk) project hurting many. Pg 6 Top Stories US start-up ContainerTrac keeps Its fingers crossed. Next Pago The DBS name in HK might just pay dividends. Pg 3 Ascott mulls mall sales in $1b expansion. Pg 4 Cement prices up
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    • 28 1 from the land of Indian software Infosyschairman Narayana Murttiy is a corporate icon in India. Idolised by shareholders and often envied by CEOs, he's been hailed by analysts
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  • NEXT page
    • 645 2  -  One trillion rnpi&h deal will hopefally revive investor interest in country From\ Shoeb Kagda in Bali THE Indonesian Bank Restructuring Agency (Ibra) has finally struck a deal to sell a 51 per cent stake in Bank Niaga to Malaysia's Commerce Asset.Holdings
      645 words
    • 689 2  -  West Coast lockout puts ContainerTrac in a quandary From( Jennifer Lien in Oakland, California THE cause of the US west coast port lock-out last month seems straightforward enough: dock workers up in arms over a new technology that would eliminate hundreds of
      JENNIFER LIEN  -  689 words
  • Page 2 Advertisements
    • 25 2 2003ODPforecast 'safe Indon central banker, Pg 12 E' ZENITH SWISS WATCH MANUFACTURE J x ""> ChronoMaster S'V M Nqct At" c•> r,/ i < 1 /"V9 s^~X
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  • CORPORATE profile
    • 1112 3  -  gowusEwwas with other Singapore journalists in Hong Kong last week to look at DBS' operations there. Here are her impressions SIOW LI SEN IT was only last year that DBS Group Holdings paid a princely sum for 81-year-old Dao Heng Bank
      1,112 words
    • 483 3 ALTHOUGH Hong Kong consumers may not be familiar with DBS, it's a different story among institutions. Here, DBS, through its investment banking group and treasury and markets activities, has been making waves. As Ronald Howe, head of advisory banking, puts it: "We're punching above our
      483 words
  • Page 3 Advertisements
    • 51 3 L Iw 1 I I lllra, m i!r flHf, 3p, i 'U' j ■**> 40 I 1 J I J Master Grande Memovox Peaching beyond the horology, master-watchmakers perpetual an alarm a note make Bfi your c^±L=o> <Jaeger-leCoultr^ free copy of Manufacture's Book of Timepieces. please Fax 4826 jlc.singapore@richemont.com or
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  • SINGAPORE companies
    • 690 4 It plans to expand portfolio to 15,000 apartments in three years Bloomberg ASCOTT Group Ltd may sell Singapore shopping malls and a golf course to fund plans to double its serviced apartments as rivals challenge its role as Asia's biggest provider of
      Bloomberg; FILE PHOTOS  -  690 words
    • 274 4  -  Water-treatment plant scheduled for completion in 2003 By Siow Li Sen HYFLUX has won a water treatment facility deed from Japanese-owned ISK's titanium dioxide plant at Tuas. The deal was done through wholly-owned Hyflux Engineering, which signed an agreement with ISK Singapore on
      274 words
    • 202 4 Reuters SINGAPORE-BASED investment firm BIL International Ltd denied yesterday it was in talks with Orb Estates to sell its 46 per cent stake in Thistle Hotels pic. The denial came after Britain's Sunday Times newspaper reported that Orb was close to
      Reuters  -  202 words
  • Page 4 Advertisements
    • 550 4 P»CiQ/VATERHOUsB(gOPERS 10 announce to Popular demand, it is re-ninning its final Accounting Standards Update workshop for the year. Major changes to accounting standards in 2001 and 2002 include the introduction of a new standard on accounting for deferred tax, interim financial report** and new proposals for the improvement of existing
      550 words
    • 178 4 As part of the November specials. Tien Court introduces Superior Shark's Rn ft Australian Fresh Abalone Set Menu at only $58.00 per person. Combination Mekajiki ft Salmon Sashimi takes centre stage as Dish Of The Month at $22.00 per serving. The popular Executive Set Menus are also available for $29.00
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    • 20 4 From noodle houses to hair salons, find them all in The Straits Times Classified. Buy It SMIL Find It wfa*
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  • SINGAPORE news
    • 544 5  -  More increases seen in months aheadassnpplyin region tightens By' Vince Chong CEMENT prices have risen as much as 15 per cent in the past 12 months, after bottoming out in early 2001. And they are expected to continue to
      FILE PHOTO  -  544 words
    • 150 5 [PRABUMULIH, S Sumatra] Indonesia's state oil and gas company Pertamina will supply gas to Singapore through a 600-km pipeline linking the Pagar Dewa gas field in South Sumatra province to the island republic starting early in 2005. According to Oana/Antara, development
      150 words
    • 272 5  -  on the economy prices -By] Eugene Low PRICES of locally manufactured products slipped 0.4 per cent year on year in September, figures from the Department of Statistics (DOS) show. Excluding oil products, the manufactured products price index fell a steeper 2.4 per
      Source: Dept of Statistics  -  272 words
  • Page 5 Advertisements
    • 203 5 Call toll-free 1800 289 8822 fjß—il recnitt9sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF OBJECTIVE SYSTEMS INTEGRATORS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the
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    • 207 5 to extend collaboration across value chain, streamline core business processes across the extended enterprise. ena^'es collaboration between you and your customers, suppliers, and partners seamlessly across the extended value chain. By streamlining internal core processes and sharing business processes externally, we redefine your value chain to help you generate growth
      207 words

  • FOCUS property
    • 638 6  -  11 comment PROPERTY lee han shih FIFTEEN months ago, the government said it would help revive the ageing Ang Mo Kio public housing estate. Since then, life has become more difficult for residents there. It was on Aug 29 last year that
      638 words
  • Page 6 Advertisements
    • 1120 6 at Sophia Road District 9 Land 11,000 sq ft I Plot Ratio 2.1 Approved for 19 apartment units Rfcfj Minutes to Dhoby Ghaut MRT BSCXXBSASASASfI professionals turn A ofHlMrc «M amMmmjf m •fhltan rtMdM^^| i jyftlßli Vinkl Csymm tslMdi Full nominee, management, corporate secretarial, banking and professional administration services are
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    • 1433 6 Official Launch www.faukehn.com vi im y I Introductory offer of up to 50% discount U a *OWtr>«Bd dB 3fst Januvy 2003 «<wrtlw call toll-fre< 1800 8822 Small rccniitOnkxo&M 5m LION ASIAPAC LIMITED #llli (Incorporated in the Republic of Singapore) NOTICE 6 HEREBY GIVEN THAT the 3?" Annual General Meeting of
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  • MAIL bag
    • 852 7  -  Ronald Tan Singapore VIKRAM Khanna's arguments on the pros and cons of setting up a casino in Singapore ("Gambling on casinos: the pros and cons", BT, Oct 28) were indeed enlightening. I would like to add some of my own findings on the subject,
      BLOOMBERG  -  852 words
    • 201 7  -  Ronald Lim Singapore I REFER to "Oei brings simmering battle for Nat Steel to a boil" (BT, Nov 2-3). I don't see any reason why DBS and the 98 Holdings group should react the way they did to Oei Hong Leong's moves. Rather
      201 words
    • 258 7  -  Chua Soon Hock Singapore I REFER to "Uncertainty makes Jan 1 GST hike cfucial: Hng Kiang" (BT, Nov l). The minister's wellintentioned reasons in support of the GST hike are eerily similar to those heard in Japan in early 1996 when the sales tax
      258 words
  • Page 7 Advertisements
    • 96 7 Fax your fetters to 6319-*****r email them to btMterQsph.com.sg or write to: The Business Times, SPHHQ, 1000 ToaPayoh North, Podium Level 3, Singapore3lB994. We need your full name, address and telephone number for verification. Please use temperate language, and boar in mind libel laws. We reserve the right to edit
      96 words
    • 153 7 Count on ÜBS Warburg, the global leader. When a task calls for strategic excellence combined with local market intelligence, ÜBS Warburg offers the strongest credentials. As the world's No.l in global research", we offer cutting-edge insight into the world's markets. We also own the world's largest trading floor in the
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  • EDITORIAL & opinion
    • 729 8  -  pill bottom line OPINION mohan kuppusamy The writer is BT's Editorial Page Editor AUSTRALIA, it seems, has finally awoken to the threat of terrorism within the country. Australian secret police known locally by various euphemisms armed with submachine guns and wearing helmets, balaclavas and flak-jackets, smashed
      729 words
    • 39 8 The first role of a father and husband is to keep his family safe.' David Beckham England football team captain, on a plot to kidnap Victoria Adams, the former Spice Girls singer who is his wife.
      39 words
    • 587 8 EDITORIAL IN recent months, there has been an increasing number of disputes involving management corporations (MCs). The rising frequency suggests that it may be time to establish a code of best practice for Singapore's 3,000-odd MCs. The issue shot to prominence recently when it surfaced that prominent
      587 words
    • 1193 8  -  Post-crisis, East Asian economies have shifted to more domestic demand-based strategies bnt these carry significant risks too By Eric Teo The writer is a business consultant and strategist based in Singapore. He is also Council Secretary of the Singapore Institute for
      AFP  -  1,193 words
    • 736 8  -  COMMENT ART Ironically, ineffectiveness may be the determinant of an appointment By Paul Krugman NYT SO Harvey Pitt decided not to tell other members of the Securities and Exchange Commission a small detail about the man he had chosen to head a crucial new accounting
      NYT  -  736 words

  • ESPLANADE festival
    • Article, Illustration
      591 9  -  Great music and camaraderie by Wynton MarsaJis and the Lincoln Center Jazz Orchestra leave g wi n Chandran in rapture Kannan Chandran FROM the moment he strolled onto stage blowing his horn, and strolled off, some two hours later, Wynton Marsalis had the audience enraptured and captivated. The
      PHOTO or WYNTON MARSALIS BY AFP  -  591 words
  • Page 9 Advertisements
    • 154 9 go z a > "O o No vote I o OJ O o means business CJ n n O in Asia Pacific I i/i n O -j -j ZJ 00 Novotel means business .it hotels from s Hong Kong to Sydney, Shanghai to Bangkok, Kuala Lumpur to Beijing. Auckland to
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  • FOCUS china
    • 1649 10  -  Communists and capitalists may seem strange bedfellows, but in China, it's worked out just fine so far, as Joseph Kahn discovers in Kunming Joseph Kahn NYT WU Kegang is a globe-trot-ting business m a n who lives in a hilltop home in Hong Kong. He owns
      NYT; REUTERS  -  1,649 words
  • Page 10 Advertisements
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  • REGIONAL news
    • 598 11 SHANGHAI But analysts rule out rush for acquisitions, citing curbs on key corporate sectors Reuters CHINA has lifted a sevenyear ban on foreign investment in its listed companies, but analysts said they do not expect a wave of acquisitions as the
      Reuters; REUTERS  -  598 words
    • 177 11 KUALA LUMPUR Reuters THE Kuala Lumpur Stock Exchange has reprimanded Malaysia's Tenaga Nasional Bhd for a delay in announcing a legal suit filed by Union Bank of Switzerland (ÜBS) against the power utility. State-controlled Tenaga has breached listing rules that a company
      Reuters  -  177 words
    • 411 11  -  Bullish figures contrast with dive in FDI this year From Harish Mehta in Bangkok TOP Thai economists are again questioning the government's bullish data showing investments are rising after foreign direct investment (FDI) plunged 93 per cent in the first seven months
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    • 324 11 Kuala Lumpur OFFICERS from the City of London police fraud squad have interviewed several YTL Power International Bhd officials in connection with the suspected corruption case involving Wessex Water chief executive officer Colin Skellett, the New Straits Times reported yesterday. Wessex Water, a water and
      324 words
    • 428 12 HONGKONG Property prices depressed since '97 peaks, move to boost confidence: analysts Reuters HONG Kong is expected to unveil measures as early as today to stabilise its ailing property market, whose long slide has helped stifle what was once one of the
      Reuters; AFP  -  428 words
    • 308 12 HONGKONG Hutchison, New World to follow in next few days Bloomberg WHARF New T&T Ltd, the telephone arm of Wharf (Holdings) Ltd cancelled a four-fold increase in long-distance tariffs to China after calls to the mainland dived by a quarter. Two other call
      Bloomberg  -  308 words
    • 186 12 KUALA LUMPUR Bloomberg INDONESIA'S central bank governor Sjahril Sabirin said the government's new economic growth forecast of 4 per cent for next year is a "safe" target. On Thursday, Indonesia's Finance Minister Boediono cut the official growth target for 2003 by a full
      Bloomberg  -  186 words
    • ASIA Notes
      • 70 12 AFP [HONG KONG] China Telecom Corp Ltd. said yesterday its Hong Kong public offering will not be rnmpWnri m received will be reAmded even though the offer was oversubscribed. "Having regard to developments of the global offering, the Hong Koogpoblk offering will notbewnplalcdaaoriatoallvpliMiait
        AFP  -  70 words
      • 127 12 Reuters AFP (BALI/JAKARTA] Police know the names and hideouts of three Bali Mast suspects whoee «k<*chps were made public last week, an Indonesian police official said yesterday. Edward Aritonang, spokesman ofthe joint hlflgt tovanHprtinn twnm reporters in Bali that police were not ready to reveal
        Reuters; AFP  -  127 words
      • 97 12 Bloomberg [HONG KONG] China Oilfield Services Ltd is seeking to sell as mncfc as HK9&2 billion (SSSOO million) of shares, offering the stock at about half the price relative to earnings of its global peers, bankers involved in the sale said. The
        Bloomberg  -  97 words
      • 76 12 AFP [SHANGHAI] A court in Shanghai has ordered a securities firm recently closed down by regulators to return 500,000 yuan (S$106,000) belonging to a local investor which it had embezzled, state press said yesterday. Anshan Securities Co, based in Liaoning province, was shut in
        AFP  -  76 words
      • 66 12 AP [SHANGHAI] Universal Studios has held talks with a potential Chinese partner about building a theme park in China, the Chinese company said yesterday. An executive from the Los Angeles-based entertainment giant was in Shanghai during the weekend to meet with nffirial« from .Tinjlflng
        AP  -  66 words
      • 75 12 AFP [TAIPEI] Ford Motor Co plans to expand its Taiwan research and development unit into a regional centre, a Ford Taiwan spokeswoman said yesterday. "To achieve the goal, Ford will invest NT$lO billion (Ssslo million) over the next three years in R4D on the
        AFP  -  75 words
    • 298 13 HONG KONG It is preparing for dollar volatility ahead of war in Iraq, says CEO Reuters HONG Kong, which pegs its currency to the US dollar, said yesterday it has boosted the propoftion of dollars in its foreign currency reserves to guard against
      Reuters  -  298 words
    • 117 13 HONGKONG Bloomberg THE chief executive of the Hong Kong Monetary Authority, Joseph Yam, said yesterday he opposes any relaxation of the 70 per cent lending limit to homebuyers. "We are against relaxing the 70 per cent loan-to-valuation ratio because this is a long-term
      Bloomberg  -  117 words
    • 375 13 BEIJING They're sore over claims of graft, unpaid benefits AFP Reuters SOME 1,400 workers demonstrated over corruption and unpaid benefits in northeastern China yesterday just as a crucial meeting of China's top leaders is about to begin in Beijing. The highly secretive gathering, officially
      AFP; Reuters  -  375 words
  • Page 11 Advertisements
    • 206 11 ihm *tmt y i u Vii J i 1 IJI Marriages V Parenting Grandparenting BB yf X. Family Life Ambassadors I Hfc* B 1 Salancing Family Work 1 Family Activities Events I fill |~Educational Training Materials j C A^" —9 A irnrin 1 V EJj www. FamMyTown.gov. «q b ~Bj^h
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  • Page 12 Advertisements
    • 52 12 fRHr it. I i w J# I x Are you up for the challenge? < 1 Put your Corporate Stamina to the test in The Standard Chartered Singapore Marathon Win six air tickets to Hong Kong V Win cash prizes P Standard Chartered SINGAPORE oO r\ MARATHON Ci£ Sunday. 8
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  • Page 13 Advertisements
    • 568 13 Conference SID I NUS BUSINESS SCHOOL QfJ Su^n^rf^ Creative Accounting and Incentive Compensation I Wednesday, 13 November 2002,8-30 a.m. to 5.15 p.m. Venue: The Grand Hyatt Singapore, Scotts Road, Singapore This conference is designed to facilitate the exchange of views amongst business practitioners practising professionals and academics on worldwide corporate
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  • Page 14 Advertisements
    • 4013 14 c puainess i imes. i uesaay. November 5,200: HUAN HSIN HOLDINGS LTD j (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING I ICE IS HEREBY G| VEN THAT an Extraordinary General Meeting of Huan Hsin Holdings Ltd (the "Company-) will be I held at Lounge 1883, Level
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    • 966 14 1 OCT MANUMCTUCJNO PTE LTD I (IN CREDITORS' VOLUNTARY I UQUtQATIONI I NOTICE Of MEETING OF CKEDfTOftS I None# <> hereby gnw that pvrwoflt to I Section 296 of it* nwpanm Act Q*> I 50 ihoi a Meeeng of the Credecxs of Mm I otoovemeniioned company wil be held at
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  • WORLD news
    • 468 15 SYDNEY Telco accused of misleading courts and parliament AFP THE privatisation of Australia's Telstra Corp was thrown in to disarray yesterday after the government said it would investigate allegations the communications carrier misled parliament and the courts. Communications Minister Richard Alston deflected
      AFP; REUTERS  -  468 words
    • 255 15 BRUSSELS Reuters EUROPEAN Commission advisers, seeking to prevent corporate scandals, yesterday recommended making board members legally responsible for firms' financial statements and fuller disclosure of executive pay packages. In their report's conclusions, obtained by Reuters, a panel of company law experts led by Dutchman
      Reuters  -  255 words
    • WORLD Watch
      • 71 15 Reuters [KUWAIT] Kuwait said yesterday the United States, whose forces freed it from Iraqi occupation 11 years ago, could use its military bases for any attack on Iraq that was sanctioned by the United Nations. But the Gulf Arab state's foreign minister, Sheikh
        Reuters  -  71 words
      • 58 15 AP [LONDON] UK Prime Minister Tony Blair yesterday denied the government had decided to call up thousands of military reservists in preparation for a possible war in Iraq. The Daily Telegraph newspaper reported yesterday that the government would issue a Queen's Order, an edict giving officers
        AP  -  58 words
      • 63 15 Reuters [MUNICH] Nokia yesterday unveiled six new mobile devices, including one with a keyboard and another with a built-in digital camera. The 6800 messaging model, which comes with a colour display, and supports so-called multimedia messaging service (MMS) and Java technology, will hit the
        Reuters  -  63 words
      • 42 15 NYT INEW YORK] NBC is near a deal to acquire the Brav< cable entertainment channel from Cablevision Systems Corp for about US$l.25 billion in cash and stock, executives close to the negotiations said on Sunday. NYT
        NYT  -  42 words
      • 43 15 Bloomberg [ARMONK, New York] International Business Machines Corp scientists have developed the world's fastest transistor for communications chips, which may make sending video and other applications over the Internet easier. The prototype can operate at speeds 0f350 gigahertz. Bloomberg
        Bloomberg  -  43 words
    • 174 15 HONG KONG Reuters CHINA is expected to add 1,900 airplanes worth US$l65 billion to its fleets over the next 20 years, US plane maker Boeing Co said yesterday. About 81 per cent of those additional planes, or 1,550, would serve the domestic market,
      Reuters  -  174 words
    • 205 15 LATEST US INDICATORS But falls were less steep than expected Reuters I WASHINGTON] Orders for US manufacturing goods sank 2.3 per cent in September but the decline was milder than expected and was led by huge drops in demand for aircraft and com
      Reuters  -  205 words
    • 212 15 LONDON Reuters THE head of a new US accounting watchdog has said he would consider stepping down if the controversy surrounding his recent appointment came to hinder the new body's work. The Financial Times said yesterday. The newspaper quoted William Webster, chosen last month to head
      Reuters  -  212 words
    • 304 16 PARIS Preliminary inquiries are from US Attorney's office in NT and SEC Reuters, Bloomberg FRENCH AMERICAN media group Vivendi Universal revealed two new investigations into the company yesterday, saying the US Attorney's office and the US Securities and Exchange Commission had launched preliminary inquiries. Vivendi
      Reuters,; Bloomberg; AFP  -  304 words
    • 355 16 BRUSSELS EUROPEAN competition regulators will have powers to raid the homes of employees of companies involved in price-fixing investigations, under tough rules that could be agreed by EU governments this month, the Financial Times reported yesterday. The measures are part of
      355 words
    • 711 17 TOKYO It sees many firms polling out of Asia as market slump forces rethink of strategies Reuters RECLINING in a red leather chair in his Tokyo board room, Kai Sotorp, ÜBS Global Asset Management's new Asia-Pacific chief, could be forgiven for feeling content.
      Reuters  -  711 words
    • 490 18 LONDON Weak data signals interest rates are likely to fall for first time this year Bloomberg THE Federal Reserve, Bank of England and European Central Bank are likely to lower interest rates for the first time this year amid a convergence of economic data
      Bloomberg  -  490 words
    • 757 18 WASHINGTON Reuters SINCE the Bush administration took office in January 2001, US stock markets have tumbled, the job market has shrunk and budget deficits have returned. The economy is now limping not roaring back to health after enduring, in the first few
      Reuters  -  757 words
  • Page 15 Advertisements
    • 199 15 Good Times Fly Save up to fIU A> on ANA Business Class when you fly ANA Ma Irtngte KM* 'fH" ,'r 1 STOPOVER SINGAPORE ANA ASIA TRIANGLE FARE* From 1 Oct '02-31 Mar '03 Inclusive of One Asia Stopover Business Class Economy Class Taipe? fr! 553.420 fr. 551,*560 Enjoy a
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  • 1312 16 SICOM FUTURES Noil RUBBER Futures (Oosmq prices) RSS1 (S certsAq) CtoM Volume Open Mowtt Uw Srtt (tomes) Iwtfftft Dec 02 148.00 03 148.75 Feb 03 148.75 M* 03 148.75 RSS 3 (US cents/kg) VoIuiik Ohm *"t» WO loi Xt (torn) Utterot 5km 83J5 iroo J«03 83.75 3175 Fefc 03
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  • Page 16 Advertisements
    • 1024 16 R£9J RAFFLES LASALLE LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Raffles LaSalle Limited will be held on 21 November 2002 at 11 30 a m at 107 A Sophia Road, Blk B #02-09, Raffles LaSalle International Design School Singapore *****2,
      1,024 words
  • Page 16 Miscellaneous
    • 260 16 CRYPTIC CROSSWORD ACROSS 4 The wheels needed to put 4 fish on the slab? (10) 5 ££y ,uden,s drinkin <> 10 Delaying outburst about nin trade Droblem (Q\ 6 FlSh p,e unf,nished man 11 D J t: aged to have halt (7) Spendn9 3 t,me 7 Saddler at work on
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  • Page 17 Advertisements
    • 96 17 [[I I r ffift r K I I J D S.A. PTE LTD y CHEW CHEONG WATCH TEL: 6734 5096/6734 8461/6787 1703 PRECIOUS TIME TEL: 6538 3008/6821 1108 WATCHES OF SWITZERLAND TEL: 6737 3708/6734 0928/6735 5415 I El M? ii £L H ~fj E3 THESE TELECOM LEADERS WILL BE HERE
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  • 4193 18 i Transaction date: Nov 4 for more, go to wwwjasixwnenmarketsxxmi HONG KONG HKEMhangBtOearing..10.50 0.30 3700 V HKRW1 1.35 0.05 1372 1 Hong Kong Electric .31 JO 040 2252 Hongkong Own*.... -0.54 0.01 234 oxc 400 Hongkong CNnot Ltd 0.54 0.01 234 0JB until 0 Hopewell Holdings 4 58
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  • Page 18 Advertisements
    • 43 18 I You never SH actually own a Patek Philippe. A. You merely UPPE Begin your own tradition. look after it for the next generation. jSfiT For information: Geneva Master Time. Tel: (65) 6732 1506 wwwgmtsmgapore com Annual Calendar I b y pa,ek Philippe
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  • KNOWLEDGE economy
    • 1890 19  -  THOUGHT LEADERSHIP In an exclusive occasional series over 12 months, 16 of the world's top thought leaders speak their minds on how they see the business world. This week, futurist Peter Schwartz talks to Dm Dearlove about the evolution of scenario planning and his work with the
      1,890 words
  • Page 19 Advertisements
    • 180 19 Where to wine, dine and entertain.,. *>i" Pi— Xh, Noifci awl Puiute DdMMi Special promotional prices of $3 to $6. Not to be missed are Steamed Minced Meat Bun In Superior Stock. Pan-filed Pancake with Long Bean Paste Crispy Potato Fritters. Bean Jelly with Ptppeiy Sauce and more. wO* ''^"iSlmimA*
      180 words
    • 45 19 Jfl"" -#M1,,,l ]y I WMkdayt: mo- /gffijl Waatanda/Pubfc Hoaday* |^7 ft I Spring Court 1 I The Oldest 'J yV 1 a Chinese Restaurant in ..r Singapore since 1929. 73 Anniversary Special PEKING PUCK Limited to one per taWe with mm. order of $50 onwards.
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    • 69 19 Captain's Taßle Set Menus Try tfte best of Captain's TaMe in our set menus. Stt menus for 2 to 10 persons an avmiable. TrUes range from. $68++ to $488++ per set 1 ranq mahal haute indian cuisine SltitKi 3) evo J&ftava Pleasures For Discerning Palates lunch: 12 2.30pm (closed for
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    • 67 19 I Qfggjfr I POPULAR DEMAND! I Weekday Lunch 513.88+ Dinner Sl5 88+ Weekend Lunch 515.88+ Dinner Sl6 88+ Jai Thai Restaurant "02-251 Marina Square opp Ftasa Marina Food Centre I For Reservation Function Enquiry AWARD-WINNING IMPERIAL COURT DINING j At Pine Court Chinese Restaurant Reservations: 6831 6262/66 CHINESE KSTAIJtAVT JB,
      67 words

  • THE achievers
    • 1761 20  -  N R Narayana Murthy of Infosys, who transformed a small IT start-up to a global corporation in 15 years, talks to vikramshamna about his busmess philosophy and recipe for success •—■"■duuuuite VIKRAM KHANNA EVEN though he's not the biggest, the richest or the most
      ARTHUR LEE  -  1,761 words
  • Page 20 Advertisements

  • SHIPPING TIMES
    • 256 21 Reuters THE Baltic Dry Index (BDI) rose 11 points to 1,428, the Baltic Panamax Index (BPI) gained 10 points to 1,348, the Baltic Handymax Index (BHI) shed one point to 9,645 and the Baltic Capesize Index (BCI) was up 24 points to 1,863. TOCE-CHASTER: Nordtrave (built 2001) 75,080
      Reuters  -  256 words
    • 257 21 MX '009 si t*i CWT Distribution—0.72 unch 0 Chuan Hup 0.47 -0.01 631 Cosco Invastmant 0.10 -0.01 110 Frataht Links 0.03 unch 94 GB Holdings _...0.66 unch 0 Jaya Holdings 0.25 -0.01 S65 KappalCorp 4.30 -0.10 1330 Kappal Marin* 0.17 unch 121 KappalTaia 0.96 -0.01 106 Labroy Marina
      257 words
    • 466 21  -  US Customs giving 90-day lead up period before full enforcement By Donald Urquhart [SINGAPORE] In the face of strong industry objections, the US Customs Service has announced final regulations requiring sea carriers to provide detailed cargo manifests 24 hours prior
      AFP  -  466 words
    • 287 21 Reuters [SYDNEY] Australian transport and logistics company Toll Holdings Ltd said on Sunday it was not planning any more acquisitions after buying a shipping cargo operation from Brambles and some of the Mayne Group Ltd's logistics assets. Toll chief executive Paul Little said
      Reuters  -  287 words
    • 259 21  -  Two of its ships will arrive at the Bond this month By Beth Jinks [SINGAPORE] Star Cruises will sail historically along Shanghai's famous Bund on Nov 13 when two of its ships arrive almost simultaneously for twonight stopovers. The cruise schedule marks a
      259 words
    • 178 21 AFP [SYDNEY] Australian authorities unveiled plans to prevent the recurrence of mass deaths of livestock in ships' holds en route to markets in the Middle East. The government action came after a spate of incidents recently which saw thousands of Australian sheep
      AFP  -  178 words
    • 385 21 Overloaded vessel retaining to Ambon island AFP [JAKARTA] Five bodies have been found and at least 65 people are missing after a boat carrying hundreds of passengers sank off Ambon island in eastern Indonesia, hospital sources said yesterday. The Afasohi Star went down
      AFP  -  385 words
    • 99 21 [SINGAPORE] The Sri Lanka Ports Authority (SLPA) says it has signed terminal service agreements with four major shipping lines, including Hanjin. The Korean line has agreed to a two-year arrangement at SLPA's Jaya Container Terminal, guaranteeing a minimum annual throughput of 60,000
      99 words
    • PSA marine
      • 1169 22 PSA Marine has in a short span of time grown from a wholly home-based business to one with an overseas presence PSA Corp's Portview THE change has been remarkable. In just five years, it has extended its global coverage, widened its range of services, and
        PSA Corp's Portview; FILE PHOTO  -  1,169 words
    • 126 22 PAGE FoooqSun 5 BSA 6 Fujitrans 6 B tang Mas 6 Gemartrans 4 CMACCM 3 4 COSCO 3 Hyunda. 4 Columbus 5 Heung-A 3 tt Central Ei 4 «Bl 5 ChmaShpg 5 KapalKris 4 Cougar 5 Kien Hung 5 8 CWT Globelir* 6 Kyowa 6 Delmas 4
      126 words
    • 10578 26 THEBUSINESSTIMES EXPORT el* Adv,ftis r Vrist > Voyage Telephone ETA ETA Advertiser Vnu* VoyM Telephone SIN Dest n Name Name Numbe- Number SIN Oestn Name Name Number Number To AOABA (AOJ) 2023 Jordan To ABIDJAN (ABJ) 2003 Cot* D'I voir* 12/n n/n COSCO uni patriot 032* 65-*****900 12/n
      10,578 words
    • SHIPS IN PORT
      • 635 29 Vessel Voy Wo Berth Arrival Departure JURONG PORT ISA MANDIRI 02/02 J10 A/SIDE 05/11 0600 UNIPLUS 218 J 8/9 A/SIDE 05/11 2359 ADVANCE PESC 5 J5 05/11 0600 06/11 0600 AMRTA JAYA 1 0212 J16/17 05/11 1500 06/11 0600 AS SPLENDOR 0203 17 05/11 2200 06/11 2200 AULIA
        635 words
      • 2062 29 CONTAINERS TERMINAL AMD VESSEL SCHEDULES Vesse Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr APMOELLCT 0209 <BW 1 06/11/7002-03 49 06/11/*****900 JC12 ACX HIBISCUS Q72S 072S 1 Q5/I1/20O24BJO 0501/20Q219J0 HP ACX MAGNOUA 056H 056N 1 05/11/2002 2300 0601/2002 08 00 T02 ALAMJAYA2 0811 0811
        2,062 words
      • 147 29 Nov 6 Brunei: First Day of Fasting. Nov 11 Italy: Remembrance Day. France: Remembrance Day. Belgium: Remembrance Day. Canada: Remembrance Day. USA: Veteran's Day. Nov 12 Taiwan: B 'day of Dr Sun Yat Sen Nov 15 Belgium: King's Day. Nov 23 Japan:Thankgivings Day. Dec 5 Thailand: King's Birthday.
        147 words
      • 824 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 sized stem Market movements are indicated The Cockett Bunker Price Index change and
        824 words
      • 457 29 M «0 Mai 991.5 0.4 15.0 0.08 49 0 04 P—»WT Water »esMu« AsHAJimlnNim Sedltnt No above £25 1 0 0 0 0 0 m/M 380 Aw 985.6 02 14.8 0.05 24 002 W/irj suv J?" 380 W 05 18.3 0.09 57 0.05 No above G35
        457 words
    • AIR & LAND transport
      • 651 30 It plans to build sth terminal at Heathrow to deal with traffic growth Bloomberg [LONDON] BAA Pic chief executive Mike Hodgkinson is trying to push through an increase in airline fees to help fund a US$l3 billion expansion of London's main
        Bloomberg  -  651 words
      • 189 30 Bloomberg [ZHUHAI] China will double its aircraft fleet by 2010 to meet rising traffic, a senior official of the Civil Aviation of China said. Asia's fastest growing economy will need 1,250 planes by 2010, which would be twice what the country
        Bloomberg; REUTERS  -  189 words
      • 232 30 Bloomberg [DUBLIN] Ryanair Holdings pic's fiscal secondquarter profit surged 73 per cent as Europe's secondlargest no-frills airline lured passengers with fare promotions and continued to reduce costs. Net income rose to 112 million euros (*****.4 million) in the three months ended Sept 30 from
        Bloomberg  -  232 words
      • 349 30 AFP [SYDNEY] Virgin Blue chairman Richard Branson said yesterday he hoped to settle the airline's long-run-ning dispute over the lease of terminal space at Sydney Airport and move in within the next week. The British tycoon said the row with Sydney
        AFP  -  349 words
      • LOG Book
        • 86 30 [SINGAPORE] Qantas Airways, Australia's largest airline, said it joined the reservations and ticketing system managed by Amadeus Global Travel Distribution. Following its oneworld alliance partners British Airways, Iberia, Finnair and Lan Chile. Qantas' switch to Amadeus involved shutting down the majority of the airline's key systems
          86 words
        • 131 30 AFP [MANAMA] A Gulf Air plane flying from Hong Kong to Bahrain made an emergency landing in Abu Dhabi after one crew member and some of the 280 passengers on board were injured during heavy turbulence over India, the airline said on Sunday. Gulf
          AFP  -  131 words
      • 584 30 MEW YORK CRASH BEARING Pilots' training on how to use the A3oo's rudder now the main issne AFP (WASHINGTON) The American Airlines Flight 587 crash that killed 265 people in New York last November was probably not due to structural problems, officials said at
        AFP; AP  -  584 words
      • 2025 30 CITY FLIGHT ETA FLIGHT ETO 0F6 W?5 S***** 2359 LH229 2245 FataMki $0*9 1555 M45 Uonfrto. S0603 1910 C2352 0835 AiMttftM S023 0635 0*974 0130 C2351 224 5 U,T 835 SM 7 1325 «T40 V430 $0347 0630 <**£ 1645 "5S 2 "B un S *22 2
        2,025 words
  • Page 21 Advertisements
    • 18 21 I BAA seeks to raise airline fees üßackPg I i NY crash hearing^ Structural problems ruled out mßackPg
      18 words
    • 383 21 Neptune Orient Lines (NOL) has appointed former HSBC Singapore boss Connai Rankin (left) to its board of directors. Mr Rankin, 60, is currently the group general manager of group human resources for HSBC Holdings, and was formerly general manager and chief executive of the bank in Singapore. Currently based in
      383 words

  • Page 22 Advertisements
    • 444 22 NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (SSX) lOULF KARACHI EXPRESS (QKX) -J ylssa I VOT LGO 1—37—1 PfG WS» voir MA MM HD Sm" tlm w/, #7/n ®7" rto mouotd oaoossa vaupt ok 30/10 31/10 ~S7n io/ii OOQ. HtIMBIAMDS 40W41 15/10 12/11 13/11 uul OOQUTOUN 54W42 02/11 20/11 21/11
      444 words
    • 57 22 WORLDGATE EXPRESS UNES PTE LTD 180, Cad StTMI, #16-03/04,11 angler* null BuMbtg, S pore ttfflHltt W Tel: *****911 Fax: *****073******863 Email: wgateemtox2.singneLcom.sg WEBSITE: http /Atvww wortdgate com sg "Sb* Calcutta Chittagong COLOMBO 102/11 Ka rac h i portloo» 077?t Bombay V yVia h™* CMrTTOQOWQ/PH^^r \iV; KARACHI/LAHORE 01/11 MM*US/BANOALOWE 05/11 Colombo*
      57 words
    • 626 22 Lines services represented by Members of the Registry of Members of the Accredited Shippmg Agar*. Singapore Logistics Singapore Shipping Association Association ULY UNE MALE tiSH VOT EU EU (U P.KIAN6 SfOtl MALI Princess Lily 0902 17/11 18/11 26/11 Empress Lily 0802 05/12 06/12 14/12 Princess Uly ***** 23/12 24/12 01/01
      626 words

  • Page 23 Advertisements
    • 865 23 TO USA (SAX SHtVKE) YtSSfL *Of Sin» LAX OAK DAI HOU CHI COl MEM An NYC AnSWtPO< 00« 06/11 21/11 25/11 25/11 25/11 25/11 24/11 35/11 27/11 27/11 AMHOUAMO 13/11 2S/11 02/12 W/12 02/12 02/12 03/12 02/12 04/12 04/12 AH ENGLAND 1141 20/11 07/12 07/12 07/12 07/12 07/12 00/12 07/12
      865 words
    • 1382 23 DIRECT CALL TO CMT«SHi?MM6 rn ltb £ESr 3r w *«ST -SBBBS I 4MB 00,1,1, max. Ininn I UHUUW 12DOS «,mm <mmmi um*,/w tmaam r lAMTY Hva/lix (Ml IVII 71/11 lf/ll 17/11 a3SK|>SA BJ/li" 30/10 07/11 07/11 07/11 UtfKSSMAGOW/OIXX 07/11 10/11 IVII Z Z IK/li W/1# 30/10 i„. 70/10 MO 07/11
      1,382 words
    • 539 23 —rail Hg_ lAi Ivn 7/n iSiT ivii "wtT uuihum ~Tfk 57Ti $n STTTGAMIAImIM MOW >/11 liyiT 14/11 lt/11 21/11 23/11 UUIHUM 2MS ~W\ IMI iW" uuiii Mis i^n —ivil —mT IttwmiHDM mn 22/*****/11 21/11 3/12 s/12 m irai Tsnr~m —mr Wfe SaO Hrta. £3£_ JB!_ J6__ i!jL_ m»j Wit 1/11
      539 words

  • Page 24 Advertisements
    • 731 24 HM/m* HYUNDAI MERCHANT MARINE CO., LTD. iwbk ww ran »I ih wo m han mv~| [vissa vor sou ji im ant ham |m~ T1" VJH !i»! *<!! /n M/n M/n "awowMMi®* ««7i« w7iilvf»~ oi/io~ n/io aw wmw 103W w/ii m/h 20/11 n/n vianwun ion m/oo 02/10 m/io n/io 22 W/n
      731 words
    • 618 24 HA! INTRODUCING: HEW WEEKLY EXPRESS SERVICE (fas Weekly Express Tuesday sailing For more details, call HOTLINE: 1800-*****00 or *****588 asm amissimisTii- ivTii fiTu TH \m 10/11 is/ii at/ii n/ n a/11 M/ 11 #3/12 04/12 in* »«/n tt/ii 14/n u/n I "»*?J/««/»: u?n nTii -H J2** WS 2/ n/ii i7/ii
      618 words
    • 593 24 «§> a®iFA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WES TERM ICQ POINTS »OT Ml PJBAN6 COUMMO 0. SWVK mi DMA jAJWtWOM II SO aOO MOO BKK tismsm saisw Km mw» noon hi uw towwk torn ii w iitot i/Kw nm nw iQttwwm rwwn iim* am mm>
      593 words

  • Page 25 Advertisements
    • 1093 25 VISS£L VOY KHH HKO TsiN PKL DXS Ul HSSS —f W.V. unoavu pcl 253 WTo —30/io "mTTI ***** tStH iTTTi —WTT~ Wrr IRAN KERMAN PCL -254 04/11 05/11 09/11 10/11 7/ JJ/ M/ni IRAN ISFAHAN pcl 285 11/11 12/11 16/11 17/11 24/11 25/11 ot> i S/l V IRAN HOAMOZGAN PCI
      1,093 words
    • 553 25 UK CONTINENT SERVICE Loading for MICHAEL S RDM/ATW/BMN/UK/NAN OURANIA SMILE RDM/ATW/BMN/UK/NAN HUA GUANG RDM/ATW/BMN/UK/NAN Loads Sngapore, EVW Malaysia. Wonw MIDDLE-EAST SERVICE Loading tor KALMA HDO/JDH/AQA/DMT HIGHLAND LIGHT DBI/ABU/DOH/BRN/DMM/KWT LOK KIRTI DBI/ABU/DOH/BRN/DMM/K WT HABIBE ANA HDO/JDH/DMT ANGELA HDO/JDH/AQA/DMT MANA DBI/ABU/DOH/BRN/DMM/KWT "Loads Sngapore. EVW Malaysia. Indonesia USA SERVICE Loading tar VANESSA OLDENOORFF
      553 words
    • 590 25 Page 5 JfßSfi VOT SM MBpU Hmm7 amnZL- TE7n 07/11 ruwi MW*m ooi» 07/) I—\ qiTtt $2 w/ umi 0014 M iO/Tl 7S/11 LKSn*" 10/11 13/11 L5Si. I —j"{— ■Dcimin ,u:- mirmv wioo um nmr- joSfla SH WM OMPQ EXTMSS I rtAIW 22/Tl "KSuuS Sm agj g/n_ I —mvH LKSSS
      590 words

  • Page 26 Advertisements
    • 150 26 I pKYOWA LINE W Um Pwmm \*wmm Kt Trmk j~~* Kiwi I»b|w California Senotor 950E 12/11 28/11 04/12 05/12 California Senotor 950E 12/11 10/12 19/12 20/12 22/12 24/12 26/12 California Senotor 950E 12/11 '22/11 OMIT 03/12~ 05/12 077TT London Senator 953E" 19/11 28/11 04/12 05/12 London Senotor 953E" "WTT 10/12
      150 words
    • 224 26 Ijm-* CWT GLOBELINK PTE LTD W OWN OfflCtS IN TCL:*****833 (36 LIMES) FAX.*****742 m SYDNIY MILBOUHNI FfNANG FOtT KfLANG fASI* GUDANG KUCHINO BANGKOK KARACHI BOMBAY NCW DILHI COLOMBO HO CHI MINH CITY HAIfHONGHANOIBHIMCN HAMBURG TIANJIN QINGOAO SHANGHAI XIAMIN fUZHOUDALIANXIANBfIJINGSHI HA ZHUANG WEEKLY DIRECT GROUPAGE SERVICE TO CENTRAL SOUTH AMERICA MANZANILLOIMEXICO
      224 words
    • 226 26 MYANMA \BBk five star line "teSStsr vtssa vot si pu m pgu CNNSHNIIUN S4W fl» MGM V3O4W SB M MALAYSIA: OOUSTIAD SMPTM6 AGOKIES MIL 03-*****300 ftL 03-*****101 PW 04-*****02 BANK LINE (A s*rvkt rWMrShipylt) vT NormtouND TO euhopT" V CONUBO, ROtO, HULK i HUVYUFTS msa na HBK nuu ami? 10/1J
      226 words



  • Page 29 Miscellaneous
    • 124 29 LEGEND: Issued by Meteorological Services Division,Uea K Thunderstorm A Showers d->„ Temperature 'CV a,n uu«-,.k« O Wind direction and speed in knots Cloudy Day Wea,her X 3 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I I Slight. < 1.2
      124 words