The Business Times, 5 December 2002

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Total Pages: 38
1 38 The Business Times
  • 20 1 MITA (P) 010/03/2002 85C THE BUSINESS TIMES SINGI A P O R P Internet: http://business-times.asial .com.sg THURSDAY, DECEMBER 5, 2002
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  • 74 1 SB ]*MU9 (-15.87) 8t DQDBZ FUTUHBS 1,***** (-9.00) SDDGIFUnjIBB lmo (-1.30) CTOCK MABKFT INDICES Wednesday Change KLSE COMP 618J7 +1J| NIKKEI 226 MW.7S -19&J8 HANG SENG 9,996.73 23li8 SET INDEX ***** +#.76 JAKARTA COMP _397.06 -0.66 M AMU COMP .1,***** -128 TAIPEI WPI 4,727.48 -66.44 SEOlfLCOMP ***** -22.07
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  • 61 1 F0B8X SATES USS St I S$ (SS per L"S$) L770 £(USS/S$ per 1.674 1786 El'RO(l'S$/S$/E). 1.001 1.771 YEN 124.7 70.60 RM_ 3.800 2.147 HKS 7.799 4407 BAHT 43.61 24.64 RLTIAH 8,990 6,080 HUME BATES SINGAPORE* KUALA UJKFUt «.40 HONG KONG 51)00 JAKARTA 30.00 TAIPEI 1600 TOKYO 1J75 SEOUL 9M
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  • 962 1  -  He also wants dividend payout; board move could mean he's now less likely to launch 60 By Catherine Ong [SINGAPORE] A takeover bid for Nat Steel Ltd from Oei Hong Leong is looking less likely as the Indonesian businessman yesterday sought three boardroom seats and
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  • 758 1  -  ERC group also seeks 30% target for rank and file By David Boey [SINGAPORE] Senior executives could see their annual pay docked by at least 40 per cent during economic downturns, with the portion removed treated as a "variable component",
    758 words
  • 620 1  -  COMMENTARY By Chuang Peck Ming WHEN It comes to making the existing wage system even more elastic as the Economic Review Committee's wages working group suggests businesses don't need much convincing right now. Pay under Singapore's flexi-wage model is supposed to rise when business
    620 words
  • 799 1  -  But sites will continue to be made available via reserve list By Kalpana Rashiwala [SINGAPORE] The suspension of the government's sale of sites from the confirmed list will be extended for a further six months until the middle of next year, a move that pleasantly
    799 words
  • 28 1 SEVERAL iMMjjgjiM II anniversary at ayear-end party. Membership of the £>fa? onlyorn man has to, admitted Jo me group OCBgSnkZam* Fo ng. aZ^S^^dZS^the CHRIS LOH
    CHRIS LOH  -  28 words
  • Page 1 Advertisements
    • 104 1 »au>u BT Commtnt Kenneth James: What lies beneath HP's happy news? Pg 24 Top Stories U M1 shares tread water amid sinking market. Pg 4 Moody's downgrades PSA Corp's outlook to negative. Pg4 COEs slip sliding away. Pg 9 MTV rocks in spite of global slump. PO 11 -/v Citibank
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    • 69 1 Make medical benefits portable, Pg 8 KMall trawling Check out our 3-page special on what the major shopping malls are offering this festive season promotions and events and also the latest developments on the retail scene tomorrow. Get your copy of The Business Times at the usual newsstands, or with
      69 words
    • 112 1 He talked, they clapped and there was entertainment. Next Pg B V LG A R I < < > II MP <1 K R i s ll t' /> II O II If I ff f f I I» II (I I M I, ,1 S lllLM|Mll> II ill.Ml ll.-!,
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    • 11 1 BTLXCLUSIVE First private j sector j power station on the cards
      11 words

  • NEXT page
    • 702 2  -  I! Z4B Island Power plans Indon gas-fuelled plant that's likely to cost over $500 m By Ronnie Lim (SINGAPORE) Banking on liberalisation of the energy market here, Island Power Company (involving Shell and Bechtel) plans to build a new power station, which
      702 words
    • 1060 2  -  Shareholder democracy is alive and the job of a director can be thankless, says Cathflrlno Ong r A xr IT Catherine Ong IF Ang Kong Hua's management buy out offer (MBO) for Nat Steel Ltd didn't provide shareholders with much premium, Ramesh
      ALBERT SIM/ST  -  1,060 words

  • Page 3 Advertisements
    • 25 3 2002 KPMG, KPMG a All ,i»u v.-.:: 1 '^.1. j r {^i?>MlZ*rv■• i k-::-'.*.»:- 1 J"- ''^Hk* ,-'#«>r'' i<? -j. >.;- H%-';,/' v j :> ;'\*j '-J*
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  • SINGAPORE companies
    • 634 4  -  Telco ends debnt at $1.28, in between the offer prices for institutional and retail tranches By Ven Sreenivasan rHii stock of new-kid-on-the-block Mobile One held up yesterday in a broader market weighed down by bearishness after a weak session on Wall Street. Singapore's
      TERENCE TAN/ST  -  634 words
    • 173 4 Reuters SINGAPORE Telecommunications said yesterday that it has signed new long-term contracts worth more than $350 million with multinational corporate customers across Asia, despite the present weak economic conditions. Asia's sixth largest telecom company said its global offices in Hong Kong, India, Japan
      Reuters  -  173 words
    • 461 4 Bloomberg CAPITALAND and Keppel Land, Singapore's two worst-performing property stocks this year, may extend their decline as a glut of downtown space slashes rents at the city's biggest office landlords, investors said. Rents, already at the lowest in a decade, may fall by
      Bloomberg  -  461 words
    • 758 4  -  hqck!WßlS^|lM| kalpana rashiwala CK Tang's announcement last month that it has signed a deal to sell its loss-making KL store property to Malaysia's YTL group seems to spell muchneeded relief for the homegrown retailer, which has chalked up a total of $145 million in net
      758 words
    • 420 4  -  It reflects cost pressures, regional competition faced By Beth Jinks PSA Corporation has held on to its Aal long-term senior unsecured foreign currency debt rating, but its outlook has been downgraded from stable to negative by Moody's Investor Services. The negative outlook reflects the
      420 words
    • 478 4  -  By Tang Weng Fai MAINBOARD-LISTED Da- tacraft Asia has formed a strategic partnership with network storage maker EMC Corp. Datacraft was appointed by EMC as its global system integrator for three years with immediate effect. This is a reseller programme that gives Datacraft
      478 words
    • COMPANY Briefs
      • 50 4 SHINING Corporation Ltd has won a contract worth about $5.6 million from United Overseas Land. The project through its wholly owned subsidiary Shining Construction Pte Ltd, involves work on Odeon Tower and is expected to be completed in the third quarter of next year.
        50 words
      • 105 4 Reuters GOLDMAN Sachs said yesterday that it had downgraded Singapore conglomerate Keppel Corp to underperform from "in-line" due to a slowdown in new offshore orders and softer 2003 capital expenditure from oil drillers. "We believe Keppel may find it challenging to repeat 2002 growth levels over
        Reuters  -  105 words
      • 138 4 Reuters GP INDUSTRIES said net profit was up 40 per cent in the six months to Sept 30,2002, to 5516.05 million from a year ago. Earnings per share was 3.59 cents from 2-57 cents. Turnover rose to *****.71 million from *****.20 million. There was
        Reuters  -  138 words
    • 570 5  -  $147.5 m deal for half-stake in Citadines boosts European presence By Andrea Tan THE Ascott name is now complete. With the group's latest $147.5 million deal for a 50 per cent stake in the Citadines serviced apartment chain in Europe, the missing C has been found.
      570 words
    • 266 5  -  Investors may have sold oat in favour of DelGro, Comfort By Christopher Tan SMRT Corp's new chief executive Saw Phaik Hwa could not have moved into the driver's seat at a worse time as far as the company's stock price is
      Source: Bloomberg  -  266 words


  • SINGAPORE markets
    • Article, Illustration
      309 6 OTHER SINGAPORE INDICES Dec 4 VALUE CLOSE BTO&OS -71.00 -94.00 BTCAM -*****.00 -124.00 ■T 10-4*y MA -*****.00 -8.00 358.30 -4.88 SG Ekct 124.67 -4.77 1207.54 -13.84 SGEqoMosProp 326.28 -4.81 MSO Singapore 168.77 -2.35 SWSCI Fotarn 169.30 -1.30 Stocks Volume Mobileone 20c 70,887,000 28.308,000 SKtr;- 14.680.000 SemoCorp Ind 25c 11.933,000 11,335,000
      309 words
    • 281 6  - Chuan Hup a dividend play with defensive qualities HOT STOCK/ WARRANT By' Ven Sreenivasan WILL the stock of marine group Chuan Hup continue to hold up when it goes ex-dividend today? That is the question many investors who bought the counter over the last few months will be asking themselves
      281 words
    • 789 6  -  STOCKS r. sivanithy WRITING in 1870, James Medbery said in his book Men and Mysteries of Wall Street that "Wall Street sells what it has not in hand, but what it believes can be obtained at a lower price before the time of delivery". He
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    • 601 6  -  ■MB mm I I H tj I I I I I I vJ II H mbUMMAAUBMBM CURRENCIES Bat US currency slips against non-Asian nnits as WftliSU Wl retreats larry wee SALES of the yen against high-yield-I ers continued to be the focus
      Source: Reuters  -  601 words
  • 2792 6 UNIT TRUSTS FUNDS i j I S B Sel Gib Business Ldrs PtfKSGD) OW 5 B S«H Gfc Business Ldrs PtftftJSO) 08V AM Aare AM Mgt (Trml Imln .111.1 Star Europe Eqty!" 0618/ Com Global Finaice Index Fd 0784/ Star Europe Bd I V Com Global Lifestyle Index Fd 0.861/
    2,792 words

  • Page 7 Advertisements
    • 192 7 •< j -1 1 li y «^^ppywav-i^•" w?. L 'j** m M r*aAt %r- 1 *^n I I lie Sll icsl W 41 11 lo I III l(SS I I IS lo N I O lll|l 114). I I I r ii 1111 ii tiiti iMtiiaiMi 11 II,. I.I'MIS I
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  • ERC report
    • 585 8  -  Wages working group says this would help enhance workers' flexibility By David Boey YOU may soon be able enjoy the same medical benefits even after you change jobs if a proposal raised yesterday by the Economic Review Committee's (ERC) working group on
      CHRIS LOH  -  585 words
  • Page 8 Advertisements
    • 1090 8 SINGAPORE ACCOUNTANCY ACADEMY TRAINING ARM OF THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SINGAPORE presents The Association of Taxation Technicians Singapore (ATTS) ATTS is a professional qualification awarded by the Association of Taxation Technicians j Singapore. It is recognised by ICPAS and aims to provide skilled support to professionals in
      1,090 words
    • 73 8 J^eSMS^F Official Distributor jjgjjjpjjf Pranriar Appliances Trading Pte Ltd m* 6748 3550 Fax: 6458 3608 www.pfamierappliances.com.sg Cell* Olu»t TM: 4SS4 MM •Ee Hooj Elettnt«J Td: 4744 3234 •J A J Hook Aspliaca 1W: 4344 77M P»nutt Ekaroam TH; 4444 4M2 EleC,riC l Tel: 4737 4351 S,B Su Ckoou H****" T.I:
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    • 109 8 I LianheZaobao I Developers: I Shanghai's I successful I bid to host I will I property I investment I there I I I Forever 20 yean, a* f*al A uffilwu f>* ctmsmHamcf iffrtnmtwta ■^pgWMpWM^qßy, corporate secretarial, banking B| and professional administration Mrvfcn are available. ■H We also specialize in offshore
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  • SINGAPORE news
    • 378 9  -  S'pore Motor Show fails to stem wide decline, led by commercial vehicles By[ Christopher Tan THE just ended Singapore Motor Show had apparently failed to whip up buying interest, going by weak COE prices in the latest tender. Results for December's first exercise, released by the
      FILE PHOTO  -  378 words
    • 309 9 Portal offers info on legal matters, law-related bodies THE Ministry of Law yesterday launched its new Law Town website, an online information source on legal matters and law-relat-ed agencies. Visitors to the site can obtain a wide range of information found separately on the sites
      309 words
    • 290 11  -  Regional boss reiterates focus on China for growth By Tang Weng Fai [SINGAPORE] At the first combined briefing since the completion of Hewlett-Pack-ard's merger with Compaq Computer Corp, the top local bosses of the company told yesterday of better-than-expected savings and reaffirmed
      290 words
    • 294 11 Reuters [DILI] Newly independent East Timor clamped a curfew on the capital yesterday after a day of rioting in which up to five people were shot dead and the Prime Minister's house was burned down, witnesses said. Part of the capital Dili was
      Reuters  -  294 words
    • 254 11  -  By Serena Ng THE volume of newspaper job advertisements in November was 18 per cent higher than in the same month a year ago, mirroring a rise of a similar magnitude in October, according to data compiled by newspaper publisher Singapore Press
      Source: SPH  -  254 words
    • 568 11  -  Top network was able to have ad sales growth of 20-30% and spin off new products: president By Geoffrey Eu DIRE Straits sang a hit song about it, Madonna caused a scandal by wearing virginal white on it, and well over a billion
      568 words
  • Page 9 Advertisements
    • 200 9 N m ikfl Cape Land www fc—ni n mfUw.com CHEW CHEONG WATCH CENTRE CORTINA WATCH DELUXE EASTERN WATCH EMOTUS TIME CULTURE GASSAN WATCH T2 (SOUTH) PRECIOUS TIME ROY EASTERN WATCH ROYAL WATCH CENTRE SINCERE FINE WATCHES SINCERE FINE WATCHES DUTY-FREE (WEST) SIN «RE FINE WATCHES DUTY-FREE TI (EAST) TIME CLUB
      200 words

  • Page 10 Advertisements
    • 1032 10 1 ne Business Times, Thursday. December 5.20 C BMQAPORE COSCO INVESTMENT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at its registered office, 9 Temasek Boulevard #07-00 Suntec Citv Tower 2 Singapore *****9 on Friday.
      1,032 words
    • 661 10 k IN THE MATTER OF I THE COMPANES ACT, CAP.SO I IN THE MATTER OF I PARK GALLERY PTE LTD (In Members' Voluntary I Liquidation) 1 NOTICE OF RESOLUTIONS i At an Extraordinary General Meeting of j the Company held Level 8, Block C. The 1 Mines Waterfront Business Park,
      661 words
    • 613 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CRIMSON ASIA CAPITAL SINGAPORE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of tie abovenamed Company (My convened and held at Suite 1613-14, 16" Floor Ow International France Centre. No
      613 words
    • 1011 10 CHEW EU HOCK HOLDINGS LTD NOTICE OF BOOKS CLOSURE DATE The Board of Directors of Chew Eu Hock Holdings Ltd (the "Company") refers to the circular to shareholders of the Company fSharehoMtra') dated 15 November 2002 and previous announcements of the Company released on 29 November 2002 and 2 December
      1,011 words
    • 599 10 IN THE MATTER Of THE COMPANIES ACT. CAP SO AND IN THE MATTER Of HEATHFIELD INVESTMENTS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) I At on Ejtaamitnmv General Meeting el die Members of HEATHFIELD INVESTMENTS PTE LTD. duly convened and held at 5001 Beoch Rood #07 25 Golden Mil* Complex. Singapore
      599 words
    • 670 10 M Tm MATTVR OF TNi COMMUNES ACT, CAP. SO AND CAURORMA MB CHICKEN (MMAPONQ PTI LTD •I WMKM' VOLUNTARY UQURMTTON ie II At n Extraordinary Ganaral Meeting or tha abovenamed ie I Company convanad and field I ST***.**- s<h Roor M M Kj I Thamrin #12 Jakarta ***** ><j I!
      670 words
    • 277 10 FORM 69 (4) NOTICE OF DIVIDEND Nom Com P°"y EXPLORATION PNG (SINGAPORE) PTE LTD (In liquidation) Address of registered office Office of tbe UqoKJokx Amount FW Centvjm 20% •I S? 4 E"°L? o,Ww e l-*™« Dividend ,0 :"1W^2002 WW» Poyoble Office of the liquidator 10 »Ofl HO ASSOCIATES H e
      277 words


  • EDITORIAL & opinion
    • 711 12  - The reforming of Islam from within OPINION thomas friedman The writer is a New York Times columnist WHATS going on in Iran today is, without question, the most promising trend in the Muslim worldIt is a combination of Martin Luther and Tiananmen Square a drive for an Islamic reformation combined
      711 words
    • 89 12 'If they want to paralyse the world's airlines, even damaging a few big aircraft might accomplish that I would call that a weapon of mass disruption.' Andrew Latham a political science professor, on terrorists' use of shoulder-held surface-to-air missiles. The future of financial privacy should be decided
      89 words
    • 626 12 EDITORIAL SINGAPORE'S finance industry has never quite come to grips with the challenge of how to raise the profile of Sesdaq in the eyes of investors. It's a question that has dogged the stock market's second board ever since it was set up 15 years ago as
      626 words
    • 892 12  -  The region needs to base its prosperity more on domestic spending and less on exports both for its own sake and everyone else's By Robert J Samuelson The Washington Post Writers Group HARDLY anyone visits China without being dazzled by the factories, office buildings and
      The Washington Post Writers Group; REUTERS  -  892 words
    • 726 12  -  COMMENTARY The Democrats are learning a few tricks from the Republicans By Maureen Dowd The writer is a New York Times columnist NYT BILL Clinton, the president who used to ape Ronald Reagan, told Democrats on Tuesday what they must do to take on
      NYT  -  726 words

  • MAIL bag
    • 431 13  -  Chong Kok Peng independent Financial Adviser New Independent I REFER to the letter by Leong Sze Hian, "New or resale HDB flats? Decision not a simple one", (BT, Dec 3). The 40 per cent depreciation in prices in the past six years that Mr
      FILE PHOTO  -  431 words
    • 128 13  -  Robert Stone Singapore I READ with concern R Sivanithy's column regarding market leaks ("Market leaks should be addressed", BT, Nov 29). I am surprised that the incidents he refers to have not been investigated by the authorities, especially the cases of DelGro and CSM.
      128 words
  • Page 13 Advertisements
    • 138 13 Fax your letters to 6319-*****r email them to btletter@sph.com.sg or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the right
      138 words
    • 1111 13 GPINUUsikIES GP Industries Limited (Incorporated in the Republic of Singapore) Unaudited Interim Results for the Six months ended 30 September 2002 The Board of Directors of GP Industries Limited is pleased to announce the unaudited consolidated results of the Group for the six months ended 30 September 2002 as set
      1,111 words

  • EXECUTIVE suite
    • 201 14 SISV Services, the wholly owned subsidiary of the Singapore Institute of Surveyors and Valuers, has acquired the customer bases of two leading real estate service providers Propbuzz and Real Centre. Propbuzz is a property resource portal jointly owned by three listed developers
      201 words
    • 318 14  -  Extension till June 30,2003, will cost both a total of nearly $198 m By Vince Chong JTC Corporation and the Housing Development Board will extend their current rental rebates by another six months till June 30,2003, at a cost of $133
      318 words
    • 632 14  -  GARnFMFR'grm Education could prevent felling of heritage trees and authorities have a part to play Thien IT'S "Fall" here. No, I'm not referring to that time of year when leaves turn a glorious autumnal red and gold in temperate countries. I'm lamenting instead the morning-after
      FILE PHOTO  -  632 words
  • Page 14 Advertisements
    • 490 14 tHe peak V>f CHiNese cuisiKre Experience authentic Si Chuan, Cantonese and Hunan cuisine, with set menus and dian xin, in a unique setting commanding a panoramic view of Singapore. The second Si Chuan Dou Hua Restaurant opens at Top of UOB Plaza 1 From this lofty peak 60 floors high,
      490 words
    • 100 14 will open on Saturdays Sundays From 10am 6pm during: November 2/3,9/10,23/24 and 30 December 1,7/8,14/15 and 21/22 A selection of interesting NEW wines will be introduced. And at each weekend, a few selected wines will be available for tasting. We would be delighted to see you (and your friends) during
      100 words

  • REGIONAL news
    • 393 15  -  24 companies will* be delisted for missing restructuring deadline Frxm< Eddie Toh in Kuala Lumpur MALAYSIAN regulatory bodies are set to boot out two dozen troubled listed companies including former high flyers like Aokam Perdana,. Promet Berhad and Omega Holdings as they have run
      393 words
    • 317 15 KUALA LUMPUR Reuters MALAYSIA'S main car distributor Edaran Otomobil Nasional Bhd (EON) said yesterday it would sell Audi and Volkswagen cars from next month, in a move it hopes will not irk its main client Perusahaan Otomobil Nasional Bhd (Proton). "I would
      Reuters  -  317 words
    • 327 15 KUALA LUMPUR Work-to-rule' in response to alleged mistreatment AP MALAYSIAN bank employees stepped up a labour protest yesterday on the eve of post-Ramadan holidays, when hordes of people flock to banks to make withdrawals. The employees refused to work overtime and deal speedily with
      AP; AFP  -  327 words
    • NOTE Book
      • 94 15 Bloomberg [KUALA LUMPUR] Renong Bhd's former chairman, Halim Saad, sold shares in the Infrastructure group for a third time in 10 days to help repay debts, trimming his stake to 13.6 per cent from 14.7 per cent Mr Halim sold 26.6 million Renong shares
        Bloomberg  -  94 words
      • 83 15 Bloomberg [SOLO, Indonesia] Indonesian police said they have arrested four suspects in connection with the Oct 12 bombing of a Bali nightclub strip in which more than 190 people died. The four were captured on Tuesday night at Tulung village, about 40 km west
        Bloomberg  -  83 words
      • 92 15 Bloomberg [MANILA] Philippine export growth eased in October to the slowest pace since overseas sales ended a 14-month slump in ApriL Overseas sales rose 2.6 per cent from a year earlier to US$3.O2 billion, the National Statistics Office said. That is slower than the
        Bloomberg  -  92 words
      • 87 15 AP [KUALA LUMPUR] India lost another bout yesterday in its flagging battle to extradite from Malaysia an Italian businessman wanted in connection with a 16-year-old arms scandal. High Court Judge Augustine Paul ruled that lawyers representing the Indian government could not join up in
        AP  -  87 words
      • 68 15 Reuters [JAKARTA] BP Indonesia said on Tuesday it was planning to build a new terminal for liquefied natural gas (LNG) in West Java starting next year to tap increasing demand from the region. BP Indonesia, a unit of British-based oil and gas giant BP,
        Reuters  -  68 words
      • 105 15 Reuters [MANILA] The Asian Development Bank (ADB) approved a US$l5O million loan to Afghanistan yesterday, its first lending programme for the war-ravaged nation in 23 years. "In view of the exceptionally difficult economic circumstances of Afghanistan, the loan has been provided on exceptionally soft terms,"
        Reuters  -  105 words
    • 523 16 KUALA LUMPUR Analysts say slowing earnings momentum will bog down market Reuters MALAYSIA'S equity markets look set to sputter into next year after the quarterly earnings season ended disappointingly last week, analysts said, as foreign investors seek a more liquid and less
      Reuters; AFP  -  523 words
    • 439 16 HOCHIMINH CITY FbrrhangA flimg to attract more smaller investors Bloomberg VIETNAM'S stock market plans to reduce the minimum number of shares in each trade early next year as it seeks to attract more small investors to the 2Vi-year-old Ho Chi Minh City Securities Trading
      Bloomberg  -  439 words
    • 331 16  -  Froml Harish Mehta in Bangkok THAILAND will tap the Apec summit in Bangkok next year to rope in Asian countries for its Asian bond initiative. Towards this end, the Thai Securities and Exchange Commission has started discussing details of the Asian Bonds with
      331 words
    • 176 16 MANILA Bloomberg MANILA Electric Co named former Prime Minister Cesar Virata to head a committee that will draft a plan to keep the nation's largest power retailer afloat while it refunds as much as 28 billion pesos (*****.4 million). Mr Virata, vice chairman
      Bloomberg  -  176 words
    • 441 16 JAKARTA It offers Goldman H ÜBS Warburg under 1% Bloomberg INDONESIA'S government is still haggling with Goldman Sachs Group Inc and ÜBS Warburg over fees for a planned sale of a stake in PT Bank Danamon, a week after missing its latest
      Bloomberg  -  441 words
    • 395 17 HONGKONG Competition forces move; wealth management seen as more promising Reuters CITIBANK said yesterday that margin-crushing competition has forced it to stop making new mortgage loans in Hong Kong. "It is a well-known fact that mortgages are not the most profitable business," said
      Reuters  -  395 words
    • 124 17 HONGKONG Bloomberg THE Hong Kong government doesn't plan to sell bonds to plug a budget deficit that may exceed HK$6O billion (5113.6 billion) this year. "Selling bonds is like a loan to the government, which is not the way to
      Bloomberg  -  124 words
    • 219 17 HONGKONG Major reshuffle coming up as another official is going Reuters DAVID Carse, Hong Kong's longest serving bank regulator, does not plan to renew his contract when it expires in March, setting the stage for a major reshuffle at the top of the
      Reuters  -  219 words
    • 570 18 BOMBAY/BANGALORE Boom in outsourcing, end of Indo-P&kist&n tension has brightened prospects Reuters INVESTORS are flocking to India's software firms again, attracted by a boom in the outsourcing business that has boosted prospects for the sector. Market leaders Infosys Technologies, Satyam Computer Services and Wipro
      Reuters; AFP  -  570 words
    • 163 18 TAIPEI Bloomberg TAIWAN will tighten rules on how much credit card companies must set aside as provision for payment defaults, as part of a campaign to nip bad loans in the financial services industry, the finance ministry said yesterday. Banks will have to make full
      Bloomberg  -  163 words
    • 420 18 NEW DELHI Mutual fond to be split into two; govt to assume liabilities Bloomberg INDIA'S Parliament approved a rescue plan that splits Unit Trust of India Ltd (UTI), the nation's oldest and largest mutual fund, into two separate funds and leaves the government
      Bloomberg  -  420 words
    • ASIA Notes
      • 75 18 Bloomberg [HONG KONG] Motorola, the biggest overseas company in China in revenue terms, expects sales from the country to rise at least ooe-tenth this year because it exported more cell phones and semiconductor chips, the company 's president for China Timothy Chen said yesterday.
        Bloomberg  -  75 words
      • 76 18 Bloomberg [TAIPEI] Nanya Technology, Taiwan's largest nmkw of high-speed computer memory chips, raised NT$7.7 billion (SJ39O million) selling new shares to fund construction of a chip plant Nanya Technology needs money for next year's planned spending of US$49O million on equipment and plants. Nanya
        Bloomberg  -  76 words
      • 46 18 Reuters [HONG KONGJ China's largest PC maker legend Group plans to spend 3.5-4 billion yuan (up to S$BSO million) in the next three years on research and development for its products, said a Legend spokeswoman in Beijing yesterday. —Reuters
        Reuters  -  46 words
      • 37 18 Bloomberg [HONG KONG] HKR International will develop a 4 billion yuan (SsBso million) commercial and residential project in Shanghai. The company spent 1.15 billion yuan on the 280,000-square-metre site. Bloomberg
        Bloomberg  -  37 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
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    • 59 16 Sunset Rendezvous Dine in the glittering beauty of the golden sunset with our Sunset Menu! $45 per person cJSE avallable6.3opm-7.30pm CTz Revolving IMUHMI MYk floor Reservations: 6831 6258/88 Mamlarut Q) *rr fli 333 Orchard Road. Singapore *****7 "TVirrr W: 6737 4411 Fax; 6732 2361 opm: 12noon 3pm, 5.30pm 11pm jrv
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  • Page 17 Advertisements
    • 265 17 ir J mi "'J. r| liui I toPMEk' ill |»p Ml i^M a Bi nj- -jv I 11 yr j Lr Dunhillicn chron* V raph limtpixa. At nfM Mn city 01-OS. Jjl porngon 01-05/04. *IW« Una watch**. wMw. www.4unkill.com ll' 11 1 I timepieces To advertise your Notices Call toll-free
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    • 12 17 To advertise your Notices Call toll-free 1800 289 8822 or email recruit@sph.com.sg
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  • Page 18 Advertisements
    • 223 18 IKE mS-v'tg mXr 'Wj Wft >4 fi By" T*-fPII I W-. ft#*®" T M j ll m i HflfA A i i i t K w *8 A <81 Vj x 1 A, aft 4 a -A I N "ft mll £j> f" Tft ft >- rMjaMTTBgI *VMril t i
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  • WORLD news
    • 574 19 NEWYORK Investment banks don't want to admit wrongdoing in settlement of probe Bloomberg, FT LEADING investment banks are battling with US regulators to stave off heavy legal liabilities that could arise from a settlement of investigations into Wall Street conflicts of interest.
      Bloomberg,; FT  -  574 words
    • 336 19 TOKYO Move will shore up capital base, boost access to reserves Reuters JAPAN'S Mizuho Holdings Inc, the world's largest bank by assets, said yesterday it would re-group under a new holding company next March, along with credit card and other affiliates, in an
      Reuters  -  336 words
    • 54 19 [KOOLYMILKA, Australia] The sun began disappearing behind the disk of the moon just before sunset yesterday, in Australia's first total solar eclipse in 26years. Rod and Greta Handmar (below) used special viewing glasses to observe the phenomenon in this desolate stretch north of the outback town
      Photos: AFP  -  54 words
    • 216 19 LONDON Reuters BRITISH fund management firm Schroders Pic is cutting more jobs after slipping to a third quarter loss, hit by weak stock markets and restructuring charges. The firm blamed a 20 per cent fall in equity markets for a
      Reuters  -  216 words
    • 524 20 WASHINGTON Rise too in October orders for US manufactured goods Reuters, Bloomberg THE productivity of US workers rose at a blockbuster pace in the third quarter, an encouraging sign for the struggling economy. The Labour Department said workers outside the farm sector
      Reuters,; Bloomberg  -  524 words
    • 338 20 WASHINGTON AFP THE US economy could beat private forecasts for the fourth quarter of tepid growth of one to 1.5 per cent. Treasury Secretary Paul O'Neill said on Tuesday. "The initial data are terrific," Mr O'Neill told AFX News, a financial news unit
      AFP  -  338 words
    • 429 20 SYDNEY Cats to occur in UK as AMP rolls back expansion Reuters AUSTRALIAN fund manager and insurer AMP Ltd slashed another I,9oojobs in Britain yesterday, more than many had expected, as it rolled back its ill-fated expansion into Europe and Asia. AMP also warned it
      Reuters  -  429 words
    • 67 20 [AMSTERDAM] A Dutch policeman patrols outside an Amsterdam outlet of home goods chain flceayesterday,following the discovery of two bombs in the company's stores in the Netherlands. Two members of an explosives disposal unit were wounded while trying to disarm one of the bombs, police said.
      AP  -  67 words
    • 471 20 TOKYO Fresh data shows FDI in Japan fell 58.7% in April-Sept Bloomberg, AWSJ JAPAN should consider setting an inflation target to halt the slide in the prices of goods and assets, and help pull the economy out of a 12year slump, a
      Bloomberg,; AWSJ  -  471 words
    • 181 20 I LONDON Reuters BRITAIN'S third biggest bank Lloyds TSB unnerved investors yesterday when it warned of higher provisions to cover bad loans, economic risk in Argentina and compensation for the mis-selling of savings products. The bank's trading update came a day after rival
      Reuters  -  181 words
    • 269 20 BRUSSELS Bloomberg EUROPE'S economy may contract in the first quarter for only the second time in a decade, the European Commission (EC) said yesterday. The comments add to pressure on the European Central Bank (ECB) to reduce interest rates today. The economy of
      Bloomberg  -  269 words
    • WORLD Watch
      • 71 20 NYT [LOS ANGELES] The Walt Disney Co on Tuesday announced several changes to its board, inrimUng one that could reduce the influence of a chief critic of Michael D Eisner, the chief executive. Further, the company said it was lowering its 2002 earnings estimate to
        NYT  -  71 words
      • 42 20 Bloomberg [SYDNEY] Australia's growth accelerated in the third quarter, ftielled by rising business investment, stronger consumer spending and a building boom. GDP rose 0.9 per cent from the previous three months, the Bureau of Statistics said.—Bloomberg
        Bloomberg  -  42 words
      • 60 20 AP (SEOUL] Companies should be cautious about investing in a new industrial park where North Korea hopes to attract South Korean factories. Shin Ji Ho of Seoul's Korea Development Institute said that energy shortages and other poor infrastructure make opening businesses in Kaesung four
        AP  -  60 words
      • 57 20 AFP [TOKYO] Japan's Sumitomo Mitsui Banking Corp (SMBC) is considering buying a con trolling 49 per cent stake in Aozora Bank from Internet investor Softbank Corp, reports said yesterday. The bank has already informed Softbank of its purchase plan the Nihon Keizai Shimbun and
        AFP  -  57 words
    • 385 21 It'll buy BT Group's 26% stake, lipping its share of the French telco to 70% NYT, Bloomberg [PARIS] Showing signs of renewed vigour after declaring last week that its cash crisis was over, Vivendi Universal said on Tuesday it would pay four
      NYT,; Bloomberg; REUTERS  -  385 words
    • 441 21  -  CEO says customers' budgets may go op if business turns From, Jennifer Lien in Silicon Valley CISCO Systems chief executive John Chambers has given few clues about the company's current performance, but offered some glimpses into what customers' budgets might look like in the coming
      BLOOMBERG  -  441 words
    • 379 21 DALLAS Firm sees sales rising 10% instead of 15%; shares slip Bloomberg NOKIA Oyj, the biggest mobile phone maker, backed away from a prediction of 15 per cent growth in handset sales industry-wide next year and said networkequipment demand will fall. Phone sales
      Bloomberg  -  379 words
    • 515 22 WASHINGTON Proposed law will shorten disclosure intervals from the present six months Bloomberg MUTUAL fund companies such as Fidelity Investments and Vanguard Group will have to disclose stock holdings more frequently under a new rule being developed by the Securities and
      Bloomberg  -  515 words
    • 466 22 WASHINGTON NYT, LAT-WP HOPING to restore damaged ties with the United States, the government of Saudi Arabia announced new steps on Tuesday aimed at choking off money flowing to terrorist groups through charitable organisations. Portraying their country as an aggrieved partner of the
      NYT,; LAT-WP  -  466 words
    • 351 22 I NEW YORK Reuters A LAWYER for JP Morgan Chase on Tuesday admitted the bank engineered a series of 'circular' deals in which Enron Corp, to suit its accounting needs, sold gas to a Chase-owned entity and then bought it back as
      Reuters  -  351 words
  • Page 19 Advertisements
    • 146 19 ;tjn| MCffVBIV attHl City of Life Asia Miles If you seek luxury, then pamper yourself in Hong Kong with Cathay Pacific's Super City Elite Package*. Imagine this, a Business Class round-trip ticket, with airport transfer by a private car and 2 nights' super deluxe accommodation at a world-class hotel. Feast,
      146 words

  • Page 20 Advertisements
    • 55 20 I My flights I o were all f arranged I o I Trust the Novotel Apollo Singapore 1 You can ti ust Novotel hotels from Shanghai to I Bangkok. Kuala Lumpur to Beijing. Ho Chi Minh City to I Singapore. Melbourne to Osaka. Hong Kong to Sydney 50 cities across
      55 words

  • Page 21 Advertisements
    • 26 21 Alhan/ Conip.tm <>t Singapore ni.)s» k Avemn t$: !H: o2*J/ 2S2V I ax: I«JSf» vvww.alltan/.iom.sg '■•J?* Allwn/ (•roup. Leading <»loh'a! Insim i and Asset Maivaget y.a^aBk'
      26 words

  • Page 22 Advertisements
    • 78 22 N0w280,000 copies 1 i *jg f j* V j^Hj t, NCE WITH A FULL PAGE COLOUR ADVERTISEMENT AT ONLY 'Conditions apply. Now 280.000 copies every morning! Distributed at key commuter points, most J A CBD offices, public places and private residences, Streats effectively delivers C| your message to the people
      78 words
  • Page 22 Miscellaneous
    • 181 22 CRYPTIC CROSSWORD 25 Gamble in dive" 26 Con.es, lor boxers maybe 13 Sl ders 0v YESTETOAYS (8) £2 faLSrS 9 y Acro# 1 Sma" talk. 8 Skilled the farmer (9) worker, 11 Wall, 12 Cavan, 13 DOWN 14 i .nn wrth change, |sJe 16 17 Hafbour 18 2 Unambiguous order
      181 words

  • FOCUS aos
    • 1184 23 But the hydroelectric dam will only go ahead if Thailand buys its power and the World Bank guarantees international investors for their foray AP [NAKAI PLATEAU, Laos] IN a clearing at the foot of a limestone cliff, the Laotian government and its French
      AP; AP PHOTOS  -  1,184 words
  • Article, Illustration
    1022 23 Transaction date: Dec 4 DTTERBAMK CROSS RATES O t" W$ Wh tm Wen Ml iZS Pw SS tm4 |»t Pw< j AtistrUa 0.875 4.654 0.560 4J74 27.036 50.420 0X99 6X22 2.131 1.120 32.761 30.040 0.992 5.167 0X25 19 566 ***** 0J56 0.561 Cwd. 1143 5-322 0.641 5.001 30.911 57.647
    1,022 words
  • Page 23 Advertisements
    • 175 23 I Performance Water resistance 12 The steel watchcase guarantees j (Q) y jf/£M perfect water resistance A\ y to 100 m (325 feet). Ha v\j .y^y// is enhanced by the contrast _V" between the dial and hands, The automatic movement -w provides stateof the-art mechanical precision. i^Es^2P^^J|'5 r -T #n
      175 words

  • BIZIT
    • 675 24  - HP's happy news what lies beneath I 1 I I 1 I L-H I i W infotech It's handling Its mega-merger better than most expected, but there are still a lot of 'gotchas' to watch out for kenneth james The writer is BT's Technology Editor HEWLETT-PACKARD'S Asia-Pacific MD Paul Chan
      675 words
    • 667 24  -  BTiq.miuwj Founders to close online portal and focns on firm's strength in security software By Serena Ng COOLCONNECT.COM, an online virtual community set up by the National Computer Board and several leading IT firms in 1998, will shut down its portal and discontinue its
      667 words
    • 661 25 Carriers there more likely to embrace it than those in Asia Bloomberg [HONG KONG] NTT DoCoMo Inc is turning to Europe as the market with the greatest potential to expand its most popular Internet service because carriers there are more likely to
      Bloomberg; AFP  -  661 words
    • 513 25 Spammers coming up with ingenious ways to bypass filters Reuters [NEW YORK] Sick of being inundated with get-rich-quick schemes and Viagra ads in your e-mail? Well, get used to it because, despite concerted efforts to fight it, "spam" is expected to
      Reuters  -  513 words
    • 519 25 Levelling the playing field seen as attractive remedy Reuters [BALTIMORE] A federal judge hearing Sun Microsystems Inc's antitrust suit against Microsoft Corp said on Tuesday that forcing Microsoft to carry Sun's Java software in the Windows operating system could be an
      Reuters  -  519 words
    • 682 27  -  The Korean electronics company is pushing towards second place in mobile phones and making a profit reports Debor&h Orr Deborah Orr CELL PHONES aren't just for talking anymore. Phonemakers are gearing up for the holiday season with an array of new products that snap and transmit
      Source: Forbes Global; AFP  -  682 words
  • Page 24 Advertisements
    • 46 24 HOW WOULD YOU MEASURE SAFETY? SOME RISKS ARE NOT WORTH TAKING In China, leading ATM manufacturer 'NCR' certifies the Multi Vision digital video surveillance soultion to provide additional safeguards to banks and their customers. y Shouldn't you? ZHXMultlVl'Sl'On For A Peace of Mind Intelligent Surveillance www.multivision.com.hk
      46 words

  • 1497 25 SICOMrOTURES Dec4 RU88E8 Futures (Ctatag pncn) KS1 (S centsAq) Close Votaoe Oocn Urn Stt (ta—s) Mm* J" 03 Sajs Feb 03 M875 Itar03 W875 Apr/Jim 03 BfcTS BSS 3 (UScMfc/kg) Votamt Odm Mo ti W# Low Sett (touts) Interest J* 03 8175 8325 8325 800 Hoo Frt03 83.75 83.75
    1,497 words

  • 3635 26 Transaction date: Dec 4 for more, go to iiwwxisinotwnTnarfcetsjCorn HONGKONG HKEechanges ideanng 1055 42$ 2208 net <j. W1 146 unch 1393 HI Hong Kong Electric 31.00 0.70 SOU Aloha General 001 .-A con M°n*ong Ow** 058 432 S ss JS 5« i» »«i AnhulE«pre»wayH 1.65 -001 2964 aaa
    3,635 words
  • 2157 26 Transaction date: Dec 4 H KUALA LUMPUR Fraser8Neave 3.12 -002 4 M Vol gy* 1*7 inch 0 M w *t- nw FWmdurtnes 016 unch 0 M Gadana .0.95 unch 0 M A ft M Realty 0.8S 0.01 7 GamuA ISO 020 569 V 0* 0.01 29 GanadCorp 0.70 unch
    2,157 words
  • 518 26 I Transaction date: Dec 4 1 Ml MM -|fl T M ub i«u aRK~xj£ IS sr Si! as IS. 85* K S JS aS""* a S S a IS a st» »aa 2?ifc «tf fi2 < iaB g*" 1 M1 1-MC 4a K HI i* ILSst* a* 1M «o»
    518 words
  • 485 26 BONDS WARRANTS Caw tar tar'Sti am nm —b mb un AST1W*****1 173 1 1* 139 030 18 AornUd W0411K 13 undi SO 1 SO 587 5.00 23 Aim*WO5Q610— .77 -45 109 1 33 -3 147 30 Armstrong W040S20 13 1 10 S2 4 00 17 8ar6%SA*****110k 104 lar6 5SJ*****01 Nik
    485 words
  • Page 26 Advertisements

  • 3214 27 Transaction date: Dec 4 for live prices, log on to urwwjc^iaonemarketsjDom mu"lL. Si .1 J5L ...Pgr U*<*wt» GfOfcr M» GttW MM MCa 1» r 'T-y 5al» W- ri L— 8»»» Mhr Cw m «3 ASNAmroNLG 5Cc 9 12 14 141c I? -0-5 329 IIS 11.5 l" 7 1J
    3,214 words
  • 48 27 JSL •Ji"* GriN* Mr GrVW MM MCaa SUSSL W Wl l»>wM, Cm m j3 1<B» Oumondi UStlJcd xx» MOO 2700 ISOJUSTcdl U$3740cdcd 95 555 5MSQ5pore UQSSakd HMO U00 K5AP500 U*****cdcd 117* MO VOK US&PSOcd 1805 1X3 STlETf 100 1400 10 6 1415 13» 1391 1401 .III
    48 words
  • 1016 27 a a j'-aya.-t ar; a-a MS IS 1*7 14 17 5 115 1 5 SIS 14 ASAutolOc M «0S 20 145 17 ?M ,<l y mQC V. -OS 213 14 115 115 14 I Jg J rsSSc is 5 10 J| SI S -I m Ss 30 275
    1,016 words
  • 323 27 Ornf UctQmU Grtt» M* 6rVW Nat MCa U» flip 11| Mt W (Wl t— idhr Cw Ht >31 115 80 AVienomgs A25< A94 S«d 93 95 40 3 4 10 6 5 5 2S34 Otttay to 20c HIC720 265 2.1 74 6 *****J OwungKongSOc HK17S0 240 63 6.7
    323 words
  • Page 27 Advertisements

  • Article, Illustration
    1241 28  -  BY DR SEAMUS PHAN Is your business ready to take on the challenges of the Internet age which brings about globalisation? Integration is inevitable. You need to integrate or face the cruel reality of being left behind. Is your IT infrastructure agile enough to help transform your business
    1,241 words
  • 1138 28  -  Case study KLAS Global Logistics BY DR SEAMUS PHAN IN TODAY'S world where supply chain management makes or breaks a company, logistics providers play a key role in empowering such companies to ensure continued success. For example, Dell Computer has remained highly successful
    1,138 words
  • Page 28 Advertisements

  • SHIPPING TIMES
    • 267 29 Reuters THE Baltic Dry Index rose 9 points to 1582, the Baltic Capesize Index rose 3 points to 2059, the Baltic Panamax Index rose 27 points to 1556 and the Baltic Handymax Index fell 15 points to *****. HME-CHABTEB: ♦Bulk Hellas (built 1995) 151,045 dwt delivery Pohang Dec
      Reuters  -  267 words
    • 238 29 MI 000 n *h CWTDbMbotton 0.70 unch 0 Chum Hup 0.50 unci) 2394 Cotco Investment 0.18 unch 95 Freight Unto a03 inch 127 WIIiMmi 0.63 unch 0 Jeya HoMbiqi 023 -OtOI 1269 KeppelCorp 3.70 -0.22 7101 Kappel Marine 0.15 -O.OI 356 KappeiTele 0,86 -O02 869 Uftroy Marine 0.23
      238 words
    • 755 29  -  Asian concerns will be relayed to decision makers: New York port authority By Beth Jinks [SINGAPORE] Asia's growing concerns over US-led cargo security enhancements flying in the face of commercial realities are being relayed to US decision makers, according to the Port Authority
      AFP  -  755 words
    • 381 29 Bloomberg [BRUSSELS] The European Commission has put 66 high-risk ships on a blacklist to try to avoid a repeat of last month's oil spill in Spain's richest fishing grounds. European Union Transport Commissioner Loyola de Palacio proposed banning single-hulled ships from carrying heavy
      Bloomberg  -  381 words
    • 537 29  -  Restrictive 20-year shipping law may canse damage to economy By Donald Urquhart [SINGAPORE] A Singaporebased container feeder operator group is crying foul over what they say is a blatant misuse of an out-dated piece of legislation in Bangladesh amounting to an
      537 words
    • SHIPPING insurance
      • 733 30 Deny insurance sought by operators of sub-standard ships to cover their own losses, OECD proposes AFP [PARIS] THE recent tanker disaster off the coast of Spain has revived interest in using insurance as a weapon against unscrupulous ship operators to make it more
        AFP; AP  -  733 words
      • 122 30 PAGE BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 4 Central E* 4 China Shpg 5 4 Cougar 5 4 CWT Globelink 6 Del mas 4 Dongnama 3 ECL 3 Evergreen 4 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris
        122 words
    • 9617 34 THEBUSINESSTIMES EXPORT JJ.JIJ.I.I.I.I.I.III..I.HJ i.!!!.! ai.iiijjju.ij j 111 i. .rr m mij, 7; i liMMBMigaiiMiriiiri rriiTMiMiiBiaamttifcaM SIN Mn A tn f *T V0V I ETA tTA Adrntisar V«M V oya« T*«non. SIN [*,tn Nam. Nam. Numt*, SIN Dotrn Nam. Nam. -T"* Tn a am I AM (An n I
      9,617 words
    • SHIPS IN PORT
      • 498 36 Vesvel VoyNo Berth Arrival Departure JURONG PORT CHING HO 2 J4/5 A/SIDE 05/12 1200 E LINK 3 2322 J12 A/SIDE 05/12 1000 K CEMENT2 27/11 J23/24 A/SIDE 05/12 1000 LABROY 158 EBLS27 J2 A/SIDE 05/12 1600 PRINCESS LIL 902 J16 A/SIDE 05/12 1400 QINGJIANG 128 J8 A/SIDE 05/12
        498 words
      • 1674 36 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out Rth BertJWng U*- B«rth 0 Vt > m fcnn*n Mwfr 346 346 1 05/12/2002-0700 Klg AOtSAMMA 011N 01 IN 1 07/12/2002-1700 08/12/2002-0300 D ACX VKXFT (SOS OSOS 1 08/12/2002-1500 08/12/2002-0300 ALAMJAYA 2 8824 8824 1 07/12/2002-060 0 07/12/2002 1400 1 026
        1,674 words
      • 145 36 Deo 5 Thailand: King's Birthday. Dec6 Malaysia: Hari Raya Puasa. Brunei: Hari Raya Puasa. Singapore: Hari Raya Puasa. Dec 7 Malaysia: Hari Raya Holiday. Dec 10 Thailand: Constitution Day. Dec 23 Japan: Emperor's Birthday. Dec 24 Switzerland: Christmas Eve (hi day). Dec 25 Australia: Christmas Day. Belgium: Christmas
        145 words
      • 772 36 THIS report, compiled by Cockett Ma line OU Lid. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesued stem Market movements are indi cated The Cockett Bunker Price Index change and
        772 words
      • 283 36 ••*21 Omltt Mar J"..— 0.4 7 0.07 60 0.03 uwnaj mnn mm* Siftwut No Mow E2S 0 0 2 0 0 0 *80 Aw 9M.8 02 05 0.06 30 0.02 Wn M 0.04 «0/C«KLiwts Spec E2S fft 10 15.0 010 SO 010 ISA cjm s 1635
        283 words
    • AIR & logistics
      • 654 37 Consensus may be emerging between regulators' new demands and needs of global trade KLM's Cargovision [HONG KONG] Where is the balance between cargo security and trade? Extreme solutions such as a ban on belly hold cargo in passenger aircraft are now
        KLM's Cargovision; FILE PHOTO  -  654 words
      • 304 37 The USs27sm complex at Dubai airport will hoose its rapidly-expanding fleet AFP (DUBAI] Emirates airline said on Tuesday that it would build a US$275 million hangar complex at Dubai International airport to house every type of aircraft in its rapidly-expand-ing fleet,
        AFP  -  304 words
      • 244 37 AFP [BANGKOK! Tourism industry experts yesterday raised concern over the Thai government's reported decision not to build a rail link between central Bangkok and the new international airport due to open in 2005. Transport Minister Suriya Jungrungruangkit told the Bangkok
        AFP  -  244 words
      • 427 37 The USslb maglev train to connect Pndong airport with Shanghai city AP [SHANGHAI] Chinese and German engineers are rushing to prepare the world's first commercial magnetic levitation train for a debut run some time around New Year's Day. The futuristic Germanmade "maglev"
        AP  -  427 words
    • AIR & LAND transport
      • 523 38  -  Flights from Shanghai to Taipei will be for 16 days only By: Macabe Keliher in Taipei IN what may be the first step for direct air links between Taiwan and China, the government here said it is working to make possible chartered
        AP FILE PHOTO  -  523 words
      • 69 38 [KUALA LUMPUR] A tourist checks in at the Air Asia counter at the Kuala Lumpur International Airport in Sepang. Air Asia only serves domestic routes so far. But Tony Fernandes, chief executive of AirAsai, said the airline, which has five planes and plans to
        AP  -  69 words
      • 239 38 Bnt HK's second largest carrier may delay starting any new services AP [HONG KONG] Dragonair got clearance to fly to five Asian cities now served by Cathay Pacific Airways, officials said yesterday, but Dragonair may put ofT launching any new services
        AP  -  239 words
      • 215 38 Bloomberg [DUBLIN] Ryanair Holdings pic carried 43 per cent more passengers last month as Europe's second-largest nofrills airline added routes and staged fare promotions to fill empty seats during the winter months. The passenger count in November rose to 1.2 million from 871,603 a year
        Bloomberg; FILE PHOTO  -  215 words
      • 359 38 Bloomberg [LONDON] British Airways is looking into why part of a rudder on one of its supersonic Concorde planes fell off last week during a flight from London to New York. Passengers were unaware of the incident, it said. Concorde BAOOI was flying
        Bloomberg  -  359 words
      • 138 38 AFP [HANOI] Australian carrier Qantas said yesterday it had scheduled two extra flights between Sydney and Ho Chi Minh City to cater for ethnic Vietnamese returning to celebrate the Lunar New Year. Qantas spokeswoman Le Thu Huyen said the first additional flight was on
        AFP  -  138 words
      • LOG Book
        • 101 38 AFP [PARIS] French couturier Christian Lacroix is to design the next generation of uniforms at Air France, to be worn for 10 years from early 2005, the company said on Tuesday. The designer was chosen after several months of deliberation during which representatives of
          AFP  -  101 words
        • 87 38 Bloomberg w "-O" U|< "V [LONDON] BMI British Midland Airways the combined passenger count of its full-service business and new BMlbaby no-frills unit rose 39 per cent in November as it added customers on domestic routes. British Midland and BMlbaby carried 702,178 passengers last
          Bloomberg  -  87 words
        • 100 38 Bloomberg [HANOVER] TUI AG, Europe's biggest travel company, said its low-cost airline Hapag-LJoyd Express is in talks with airports in Germany and other European countries on boosting its southern European destinations. TUI is also considering expanding in Germany by flying from another airport, according to
          Bloomberg  -  100 words
      • 1671 38 3? maw n» mm n> um»7 otoo sou* MM* 8*7381 1840 8*7382 2T50 S025 0700 1*7305 22S5 y vk no 6*973 om on 2255 Tt r wot 2130 r UWM T545 itmu 2150 AsitiriM cam MM cmm immT 1545 IM97M 2350 «UT M L*nt WO S026
        1,671 words
  • Page 29 Advertisements
    • 23 29 Shipping insurance: a weapon against rogue operators m page 2 Air cargo's balancing act page 9 Possible chartered TaipeiShanghai flights next year backpage
      23 words
    • 167 29 ~3Lfil^£ The P° r 'f °f New York/New Jersey offers ail-water access the E as Coast from Asia, along with a world of other With all-water shipping, container handling delays are minimized. Shipping costs are significantly reduced. Plus, the fort is investing in an aggressive improvement plan to bring customers
      167 words

  • Page 30 Advertisements
    • 403 30 NORTH AMERICA GULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) [PULF KARACHI EXPRESS <OKX) mSfl w ta KG WT JU Ma m SSSL TOM 2ST~ »7/ii 57n--^— ooqchna stw44 a/11 14/11 ,/m «o»uot»ws« oh m/u m/u i7 /ii is/ii wmmu wt ii/ii (mvt 11/11 n/n [ASIA EAST COAST EXPRESS (AEX) j KUWAIT
      403 words
    • 35 30 WORLDGATE EXPRESS UNES PTE LTD J*°. <*** Street, Bangkok Bank BuMng, S*por» 08H46 *****911 F Calcutta/Chlttagong Karachi port louis oam Bombay |»|li^M a Hr»Q chutaoohq/phaka 07/12 V J KARACHI/LAHORE Oft/12 Pnrf I n..lr Calcutta Port Louis
      35 words
    • 612 30 Un« services represented by Members of fce Registry of Members of Ae Aooradted Shipping Agents, Singapore Logistics Singapore Shaping Association Association g ULY UNE MALE VOT Ett ftt HA F.KUW6 gjg MAIi Empress Lily 0602 19/12 20/12 28/12 Princess Lily 0103 07/01 06/01 16/01 Empress Lity 0103 23/01 24/01 01/02
      612 words

  • Page 31 Advertisements
    • 145 31 I re^SlipplHil I Ik" ""T 1 u L <muu/umAISU/K,m ~i ill I 7t^~- [wnuu, wiTl I AfISWIDa 003W 24/11 —II te lijir irssiirww—- —p E=Z~ wn I HOUAND 113W 04/12 06/1? ■—HI I I -I w/ B /'M| 1 01 I I wy w sw WG Im/VBSB USA (SAXSERVICE) J
      145 words
    • 394 31 taum <m ICOSUI Kuantmum** mmvijJ *n»s3i«/«t I atty* IM| J2«s; I "■««w. iioats SF~ 1 Bi f "*s-"IS HE®" 88 SS SS: 8W ""'"'in,: SS S2! IB -s::' w 111 H 5 wm™* vtZOZ ZZZ'" sel. miL l!!T l,t8l,l OKDHS/WI ,'JJJ *W«• M |j""M4M K? IVI?! 770 22LL- WOB HW
      394 words
    • 188 31 8 *1 11 Su ff /n it/ii I IfwyMsm am I jy.«|,u T .iffi WJIJ3QI 17/12 agg TTn. Ixjfi r** M *^1 I I £iiLiL^-i| fcft ""®BI (V 111 'S» w5l Kr-*^ dM^ M. m. —I I I m l«W N,: 4m U/*M»f 111 n__.Tr!!*.!?* I 'JXZZiS.ZI it no I
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  • Page 34 Advertisements
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  • Page 36 Miscellaneous
    • 122 36 LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm Showers /C\ Cloudy Day father"' 6 C U Wind direc, and speed in Knots ><1 Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds I I Sli 9 h <1 2™ -L-~One
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