The Business Times, 11 December 2002

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Total Pages: 42
1 42 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 010/03/2002 Irs+ernct* h:tp;//business-times.asial .com.sg SINGAPORE WEDNESDAY, DECEMBER 11, 2002
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  • 72 1 SH VHM (+19.18) ST INDEX FUTCIES U67 (+16.00) SMSCIFDTDKES M7JO (+1.20) STOCK HABKET INDICES Tuesday Change KLSE OOMP 633.38 -4 39 NIKKEI 226 __8£MJ2 -23.53 HANG SENG 9,857.99 -10.49 SET INDEX r>H JAKARTA COMP .Ckwed MANILA OOMP .1,***** -1422 TAIPEI WPI 4,755.01 -68.66 SEOUL COMP 702.44 *67 SHENZHEN
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  • 63 1 FOIEX KATES USI SI US$ (S$ per US$) 1.767 £(US$/SSper£)_ 1.581 1793 EURO(US$/SS/E). 1.910 1.784 YEN 123.4 6990 R* 1800 2.151 HK$ 7.799 4.414 BAflT 43.42 24-57 BUPIAH 8,978 5,081 FUME BATES SINGAPORE* §16 KUALA LUMPUR 6.40 HONG KONO 5.000 JAKARTA 39.00 TAIPEI- (£00 TOKYO 1 J7§ SEOUL_ 9A6
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  • 1039 1  -  They suggest preferential tax rates, bosses' participation BTt4!MIIUWJ By\ Genevieve Cua [SINGAPORE] Cuts in personal income taxes are set to dilute the attractiveness of the Supplementary Retirement Scheme, but hopes are running high among banks that the Ministry of Finance may make improvements
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  • 789 1  -  BOCK LOCK S9BW Time for shareholders to take their money and run, says Catherine Ong Catherine Ong THE opera isn't over till the fiat lady sings, said an adviser to 98 Holdings, quoting an American saying, when asked if the takeover of Nat Steel Ltd
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  • 468 1  -  By I Siow Li Sen [SINGAPORE] As HDB home buyers thronged the housing loan fair at the HDB Mall yesterday to see what goodies financial institutions were tossing their way, some bankers cried foul over what they saw as preferential
    ARTHUR LEE  -  468 words
  • 562 1  -  By, Audrey Tan [SINGAPORE] China is exporting stiff competition to the rest of Asia, but the cost differential between manufacturing in Asean and some Chinese cities is fast narrowing, economists at Citigroup said yesterday. They said that while free-trade initiatives such as
    Source: Citigroup  -  562 words
  • Page 1 Advertisements
    • 70 1 UNITED AIRLINES BANK^^^ Business continues as usual worldwide Asian carriers may face price war INSIDE Singapore, Aussie officials mull open skies accord Clues to a possible US$ collapse INI slsTisrsooocK 1 fl|B -^fjtS^ l 11 L*j 11 LH 1 Zi Thijujjti- n i-^^^^^^B^^H^^^^^^^SSlMfli^HßiHßM^mßSm^^Bß^Bl^B^^Bl^B^BHil^^^BHil^^Br iJfetfc 27 28 UfcagrevT! Head o ,„ce
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    • 32 1 On wills and estate duty, Pg 32 Which way will the Fed go? Will it cut US interest rates or leave them on hold? Find out at http://business-times, asia 1. com. sg
      32 words
    • 29 1 IjomnM-ww at HDBfair, Pg32 From decorating the tree to shopping for the right gift, our Christmas special today helps you enjoy the festivities without any hassles WmM 1 Halni
      29 words

  • NEXT page
    • 496 2  -  Policy will get proper focns, says Conference Board chief economist By] Eugene Low [SINGAPORE] The appointment of John Snow as US Treasury Secretary is positive and will lend focus to the country's economic policies, Conference Board Inc senior vice-president and chief economist
      FILE PHOTO  -  496 words
    • 371 2  -  Talks come amid competition concerns over Qantas' plan to take 22.5% ofAirNZ By] Beth Jinks [SINGAPORE] Singaporean and Australian aviation officials will meet here today for an "informal discussion" looking into an open-skies agreement between both countries. A Civil Aviation Authority of Singapore (CAAS)
      371 words
    • 442 2 Reuters [CANBERRA] Australia's highest court ruled yesterday that a defamation case sparked by a story on a US website could be heard in Australia, opening a legal minefield for web publishers over which libel laws they must follow. The landmark ruling that an article
      Reuters  -  442 words
  • Page 2 Advertisements
    • 37 2 Complex challenges for Bush's new team, Pg 10 B&- V W W Lf l 11 h 1 r^flr wKHtHHKr,, Fo WAgv Bbi Tel: 6455 0005 A fc New Gift Sets Available Put Parker On Your Gift List
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  • SINGAPORE companies
    • 448 4  -  Tycoon buys 247,000 UIC shares, bringing his stake to 25% By Ven Sreenivasan IS Filipino tycoon John Gokongwei positioning himself to take control of United Industrial Corp? That is the question which has again cropped up among market watchers as Mr Gokongwei
      FILE PHOTO  -  448 words
    • 329 4  -  By' Tang Weng Fai SINGAPORE Telecommunications Ltd announced yesterday it will receive a one-time dividend of $133.7 million as its pro-rated share of dividends from its 12.15 per cent stake in Belgian mobile phone operator, Belgacom. The payout to Sing Tel is part
      329 words
    • 308 4 3 related counters suspended pending revamp statement /ft/Kalpana Raahiwala MARCO Polo's parent New Asia Realty and Trust Co (NART) yesterday reiterated it does not plan to take its 75.4 per cent owned Singapore unit Marco Polo Developments private. Neither does it intend to
      308 words
    • 270 4 Bloomberg MERRILL Lynch Co sold almost all its stake in Chartered Semiconductor Manufacturing Ltd, inherited from underwriting a failed share sale. Investors said the US investment bank may have sold for a profit. The world's biggest securities firm owns 2.2 per cent
      Bloomberg  -  270 words
    • 413 5  -  MAS lifts limit for listed firms to merge foreign, local share tranches By' Ven Sreenivasan THE 20 per cent total foreign shareholding limit on finance companies will be lifted from today. The Monetary Authority of Singapore (MAS) yesterday announced the removal of the longstanding
      413 words
    • 311 5  -  &y\ David Boey MAGNECOMP International Ltd, a mainboard-listed firm that makes electronics components, announced yesterday that two newlyopened China plants have added nearly 40,000 square metres of floor area to its manufacturing capacity. Magnecomp added that it has restructured itself to enlarge its tool-making
      FILE PHOTO  -  311 words
    • 390 5  -  Deal would be worth $416 m if options for more jobs exercised Byi George Joseph SINGAPORE Technologies Marine has clinched two major vessel building contracts from the US government that could amount to $416 million if options for more jobs are
      390 words
    • 256 5 LISTED Intraco has appointed former ABR Holdings boss Teng Theng Dar as its new chief executive officer, nearly a year after the government-linked investment and trading company's former head Au Eng Fong resigned from the post. Intraco, in which Nat Steel holds a
      256 words
    • 175 5 It's monitoring major customer's bankruptcy filing LISTED Singapore Technologies Engineering (ST Engg) said yesterday the bankruptcy filing by the parent of US carrier United Airlines will not have any material impact on its results this year. In a statement to the stock exchange,
      175 words
    • 319 8  -  By. David Boey TPV Technology Ltd, a maker of information technology display solutions like computer monitors, yesterday reported a 15 per cent rise in third quarter earnings to US$l4.2 million on the back of strong original design and manufacturing (ODM) sales. For
      FILE PHOTO  -  319 words
    • 354 8  -  59.6 m placement shares, 10.5 m pnblic tranche shares, at 23 cents Byi Andrea Tan MULTIVISION Intelligent Surveillance Ltd yesterday joined a string of initial public offerings. The main-board-bound firm is offering 70.1 million new shares at 23 cents each. The Hong Kong-based company hopes to
      354 words
    • 255 8 Reuters SALOMON Smith Barney said Singapore banks and technology stocks would be among its top picks for 2003 amid an expected bumpy ride to recovery. In an equity strategy outlook note for 2003, obtained by Reuters yesterday, Salomon said its
      Reuters; FILE PHOTO  -  255 words
    • 211 8 SESDAQ-BOUND Econ Healthcare Ltd's 28 million initial public offer shares have been 3.4 times subscribed. The company offered 8.5 million shares to the public at 28 cents apiece, and another 19.5 million placement shares at 28 cents for institutional investors, internet applications,
      211 words
    • COMPANY Briefs
      • 46 8 BED LINEN maker Mayfran International said yesterday that its memorandum of understanding with King Koil Sleep System (Shanghai) has lapsed, following the failure to fulfil certain conditions. The group added that it will continue to explore other opportunities in China.
        46 words
      • 156 8 Bloomberg AIR India, the country's national carrier, has leased two Airbus SAS aircraft from Singapore Airlines for three years. SIA said in a statement that the two planes were delivered in October and December and are A3lO-300. The planes can each seat about 220
        Bloomberg  -  156 words
      • 102 8 TEE International has received approval from authorities in Shanghai to set up an overseas representative office in the Chinese city. The office will help develop the group's mechanical and electrical engineering business in Shanghai and other parts of China. The company is also
        102 words
      • 33 8 BO U STEAD Singapore has completed the sale of its wholly-owned subsidiary W H Brennan Company (Pte) to Survitec Group (Singapore) Pte Ltd for $14.35 million in cash.
        33 words
  • Page 4 Advertisements
    • 660 4 f&fol SINGAPORE SOCIETY OF I FINANCIAL ANALYSTS I The Singapore Society of Financial Analysts is Pleased to Announce that the Following 160 SSFA Members Have Been Awarded the Prestigious Chartered Financial Analyst (CFA®) Designation* Ang Alex, CFA Ho Ching Ching, CFA Nurseno Martalena, CFA Tan Slang Urn CFA Ang Li
      660 words
    • 36 4 I^jjl MH^il Lianhe Zaobao 9 I One year I I after its I I entry into I L W 7O China sees i I more I I gains I I than I I losses! I I
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  • Page 5 Advertisements
    • 54 5 your needs employs b. jfll Wf J performance updates I jflk you'd expect from a leading global I lb t ilßi ■"A V private I i^nSlßHfflV> J^B!^flE^H ■f /*y r'"T 111 IB Kl [MII www.ubs.com/asia at 6431 8883 ipßßi übs Private Banking M ,a M t Mor*o Muncfwn MM* «wJPO>
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    • 10 5 United Airlines: Business as usual worldwide, Shipping Times Back Page
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  • SINGAPORE markets
    • Article, Illustration
      216 6 OTHER SINGAPORE INDICES Dec 10 VALUE CLOSE ETT OR/OS -422.00 -53.00 BTCAOI -*****.00 +28.00 BT 10-day MA *****.00 -42.00 Ail-SG Equities 356.66 +2.98 SG Equities Elect 124.64 +0.49 SG Equities On 1205.68 +23.92 SG Equities Prop 327.20 +1.81 MSCI Singapore 168.41 +2.00 SMSC1 Futures 167.20 +1.20 *+mm Stocks Cents W-
      216 words
    • 845 6  -  AIM.I.Ml'JM'.'I CURRENCIES It may be prndent not to get too carried away by the sharp reversal larry wee WALL Street's impressive eightweek rally ended with a painful reversal of up to 8 per cent this past week and, with that, the prospect
      845 words
    • 824 6  -  STOCKS r. sivanithy AFTER losing 49 points in the previous four sessions, the Straits Times Index bounced up 19.18 points to 1,367.1 yesterday, boosted mainly by a rise in bank stocks and a slightly firm session in the futures market for the US
      824 words
  • 1856 6 UNIT TRUSTS FUNDS m 07S2/ FtS state I^SS^US^^ZA™a Gfc Mgd "!yi/" o 777/ I»u Gtobi TeStr**!® UKOGIMn**:" 0397/ Balanced *****)918 Trust Fund'4 099*1029 AM Amto tact Mgt (S'pore) n«™ Fiist State Reg India USl 0 *****)363 A viva G*> Conv BonSVund 0 893/ Ptu Europe^Bh£d» Fund'" 063V Income GrowthfiP) 0
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 189 8 The First Sketch. l The End Result. The new Saab 9-3 Sport Sedan personifies the sheer thrill of driving. Absolutely no effort has been spared car that excels performance and high levels of safety. A few with the turbocharged you'll know why we call the new a Sport Every element
      189 words

  • SINGAPORE news
    • 365 9  -  By Audrey Tan THE government's decision to phase in the Goods and Services Tax (GST) hike will lighten the burden on consumers and businesses at a time when the economy is looking fragile, analysts said. Writing in DBS' latest economics brief, economist Kaan
      Source: S'pore Institute of Purchasing & Ma Management  -  365 words
    • 649 9  -  BTiaUIIUI'M Yusof Wahid sets up own investment advisory; Lee Hon Kinn takes a break By Kalpana Rashiwala DTZ Debenham Tie Leung confirmed yesterday that it had lost two investment sales stalwarts Lee Hon Kiun and Yusof Wahid. DTZ Tie Leung CEO Ho
      649 words
    • 444 9  -  Buildfolio system uses PDAs to manage facilities By' Vince Chong CPG Corporation will save up to $8 million in the next five years by using a new mobile and wireless facility management technology set up by technology partner Buildfolio. Yesterday, CPG Facilities Management
      444 words
    • 262 9  -  From] Harish Mehta in Bangkok THAILAND and Singapore are preparing an agreement to forge closer cooperation in their automotive industries in,a bid to capitalise on their respective strengths. Initial discussions are to be held in Phuket next month, it was reported yesterday. Wallop
      262 words
  • Page 9 Advertisements
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  • EDITORIAL & opinion
    • 831 10  -  JQMB OPINION frank ching The writer is a Hong Kong-based journalist and commentator PRESIDENT Jiang Zemin, far from stepping down as a result of giving up his post as the general secretary of the Chinese Communist Party, appears to have
      831 words
    • 38 10 'We talk about the developing world and the developed world. This is the deteriorating world.' Sarah Olare a geographer, on the water problems of Central Asia 10 years after the collapse of the Soviet Union.
      38 words
    • 600 10 EDITORIAL IT HAS been a tough year for country clubs and their members. The collapse of three clubs and a court battle involving a fourth has reinforced the suspicion that this is an industry which needs to be better managed and, perhaps, better regulated. While the
      600 words
    • 1116 10  -  Snow and Friedman have to balance Republican business supporters' conflicting desires for free-market policies and a government boost to growth By] David Leonhardt NYT IF the to-do list for President George W Bush's new economic advisers were limited to explaining his policies more successfully
      NYT; REUTERS  -  1,116 words
    • 159 10  -  Nancy Teo (Ms) Chief Executive Officer Spore Labour Foundation WE refer to the commentary by Christopher Tan, "Not the time to merge Comfort Delgro" (BT, Dec 7). We do not agree with the comments attributed to Peter Leong, the Comfort Group's former chief financial
      159 words
    • 222 10  -  MAILI »BTf Cheng Shing Chow Singapore AS some Singaporeans may or may not know, a great conspiracy unfolds each night here on our streets just before midnight strikes. Every night, between 10.30 pm or thereabouts and midnight, one will be hard pressed to get a taxi,
      222 words
    • 116 10  -  Seow Eng Ghee Singapore I REFER to the report "Make at least 40% of senior execs' pay variable: panel" (BT, Dec 5). I fully support the panel's view on this. However, despite the government's call for private companies to implement this, local companies are
      116 words

  • BT motoring
    • 371 11 JUST how did a company making round black rings end up publishing a much sought-after calendar of half-naked women? Was it because the company bosses had a rubber fetish and wanted to see beautiful women clad in nothing more than.. .tyres? Nothing could
      371 words
    • 460 11  -  S&mnel Ee gives the 2003 edition of the enduring Pirelli calendar a once-over Samuel Ee IT may have great curves and a sensuous profile but the Pirelli tyre has never been the subject of the famous Pirelli calendar. And thankfully, too, because half-naked women in sexy poses are
      460 words
    • 475 11  -  By I Samuel Ee THE premise of BMW's BMW Clean Energy World Tour 2002 is simple nothing lasts forever, especially fossil fuel, so if you want to keep driving your Bimmer a hundred years from now, you'd better start looking at something more readily
      475 words
  • Page 11 Advertisements
    • 1511 11 M DAYEN ENVIRONMENTAL LIMITED (Incorporated in the Republic of Singapore) Notice of Annuel General Meeting rSIIH IS "i R I B I G L VEN t *l a v the Annual General Meeting of the Company will be held at Orchid tP't »k V f U ii te hld Club
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    • 459 11 IN THt MATTER OF THi COMPANIES ACT, CAP.SO AND IN THi MATTER Of ORAYBAR INTERNATIONAL PTE LTD (M MEMftERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the creditors of Ihe abovenamed company which is bemg voluntarily wound op, are reouired on or before the 13th day of January 2003 to
      459 words

  • REGIONAL news
    • NOTE Book
      • 109 12 Bloomberg [KUALA LUMPUR] Fewer Malaysian manufacturers will pay bonuses next year, said a survey by the Federation of Malaysian Manufacturers, signalling businesses are bracing themselves for slower growth. The association's first annual survey of salary, benefits and employment conditions said 79.8 per cent
        Bloomberg  -  109 words
      • 97 12 AP [BALI] Police said yesterday that a man detained by authorities in Malaysia delivered US$3O,OOO to Indonesian militants who used it to finance the Oct 12 bombings on Bali. Major General Made Mangku Pastika, heading the investigation into the blasts, said Malaysian national Wan
        AP  -  97 words
      • 102 12 AP [KUALA LUMPUR] Prime Minister Mahathir Mohamad rejected a proposal yesterday to raise the retirement age for Malaysian civil servants from 56 to 58, saying it would be too costly. "We can give more money to the people, repeatedly raise wages, but when the
        AP  -  102 words
      • 100 12 Bloomberg [HONG KONG] Sun Media Group Holdings Ltd, the second-largest Hong Kong-based cable and satellite broadcaster into China, will buy control of Sing Pao Media Group Ltd for HKJ92.9 million (Ss2l million). Sun Media will buy 55 per cent of Sing Pao
        Bloomberg  -  100 words
      • 121 12 AFP —~mmuu |rv« m m wWW UVUA [MANILA] The Philippine Supreme Court ordered the government and a private consortium yesterday to settle amicably their dispute involving a US$5OO million airport terminal. Philippine International Air Terminals Co (Piatco) had earlier asked the top court to reverse
        AFP  -  121 words
    • 384 12  -  Lim Kok Thay bought 5.09% of Mycom in personal capacity, according to ELSE filing From Eddie Toh in Kuala Lumpur MALAYSIA'S new casino king, Lim Kok Thay, has acquired a stake in an ailing company with interests in a well-located hotel and gaming
      REUTERS  -  384 words
    • 498 12 KUALA LUMPUR Bat mach will depend on US economic performance Reuters MALAYSIA is likely to ease its monetary policy early next year to counter the effects of an expected slowdown in global economic growth, economists said yesterday. Most predicted Bank Negara will cut
      Reuters  -  498 words
    • 258 12 KUALA LUMPUR Bloomberg RENONG Bhd's former chairman, Halim Saad, sold shares in the Malaysian infrastructure group for the fourth time in 10 days to help repay debts, trimming his stake to 13.4 per cent from 13.6 per cent. Mr Halim, 49, sold 4.6
      Bloomberg  -  258 words
    • 463 13 SYDNEY Talk of pre-emptive strikes a wake-np call for Asian states: Armitage AFP, AP A TOP US official has strongly backed Australian Prime Minister John Howard's threat of pre-emptive strikes, describing it is a wake-up call to Asian nations to rid themselves of terrorism. On
      AFP,; AP; REUTERS  -  463 words
    • 247 13 MANILA Reuters SHARES of Philippine conglomerate Benpres Holdings Corp plunged as much as 20 per cent yesterday after its unit Maynilad Water Services Inc gave up a water supply concession in Manila due to financial woes. Benpres lost 1.75 centavos or 17.5 per
      Reuters  -  247 words
    • 246 13 Bloomberg [HONG KONG} Casino magnate Stanley Ho is considering a US$5OO million plan to develop a ski resort in north-east China, a move that would expand his businesses beyond gambling, ferries and hotels in Macau and Hong Kong. The government of Jilin province,
      Bloomberg  -  246 words
    • 390 13 m TAIPEI German firm boosting ties with other chipm&kers Bloomberg INFINEON Technologies AG plans to sell its 30 per cent stake in Taiwan's fourth-largest memory-chip maker, ProMos Technologies Inc. after Europe's sec-ond-largest chipmaker had a contract dispute with its partner. The stake, which
      Bloomberg  -  390 words
    • 87 13 LONDON Reuters A SUPERTANKER loaded with up to 280,000 tonnes of crude oil suffered an explosion on board while discharging its cargo at an oil terminal south of Shanghai in China, Lloyd's Casualty Reporting Service said yesterday. Lloyd's said the Panama-nian-flagged ship's managers, London-based Mitsui
      Reuters  -  87 words
    • 533 14 HONG KONG Bnt fears of a property babble may test investor confidence Reuters A HANDFUL of Chinese developers hoping to cash in on the mainland's real estate boom are planning overseas stock listings, but fears that a property bubble is forming could test investor confidence
      Reuters  -  533 words
    • 417 14 SINGAPORE Industry faces slow consumption and over-capacity Bloomberg ROYAL Dutch/Shell Group, Europe's biggest oil company by market value, will streamline its refining business in Asia to cut costs as demand for oil products in the region slows, a company official said. "We'll continue to
      Bloomberg  -  417 words
    • ASIA Notes
      • 70 14 Bloomberg [TAIPEI] Acer Inc, Taiwan's only computer maker with an international brand name, plans to spend as much as NTS2O billion (Ssl billion) buying back shares for two months starting today. The company will buy back as much as 30 million shares—l.s per cent
        Bloomberg  -  70 words
      • 96 14 Reuters [BEIJING] China will end import curbs on 50 machinery and electrical products, including some motorcycles and engines, from the start of next year, the Foreign Trade Ministry said yesterday. It will abolish import quotas on 31 products, including engines for vehicles,
        Reuters  -  96 words
      • 124 14 AP [HONG KONG] China's premier has said civil servants here should take a pay cut to help trim Hong Kong's budget deficit, drawing accusations that Beijing was meddling in the territory's affairs. "Senior civil servants should take a bigger cut; mid-level civil servants
        AP  -  124 words
      • 90 14 Reuters [SHANGHAI] HSBC is in talks to buy a stake in the Guangzhou City Commercial Bank, which would mark the global banking giant's second investment in a domestic Chinese bank, the Guangzhou Daily said yesterday. HSBC declined comment as did Guangzhou City Commercial Bank,
        Reuters  -  90 words
      • 78 14 Reuters [TAIPEI] Taiwan's petrochemical conglomerate Formosa plastics group said yesterday it had secured US$2ll million in syndicated loans to finance projects in China's eastern Ningbo city. Citibank, a unit of Citigroup Inc and Bank of China, will underwrite the seven-year loan, a Formosa official said. The
        Reuters  -  78 words
      • 112 14 AFP [MANILA] Flamboyant former Philippine first lady Imelda Marcos is to be tried next month on charges of hoarding illegally acquired money in overseas banks, court officials yesterday. She is to appear before a Manila court beginning the third week of January, the court
        AFP  -  112 words
      • 102 14 Reuters [HONG KONG] India's market regulator said yesterday it was cutting the registration time and fee for foreign institutional investors (FIIs), hoping to attract money into the country. "We have simplified procedures for registration of FIIs. Secondly, what we have done is to bring
        Reuters  -  102 words
      • 96 14 Bloomberg [NEW DELHI] India's finance ministry sought Parliament's approval to raise government spending by 50.32 billion rupees (5J1.84 billion) to bail out Unit Trust of India (UTI), the nation's biggest mutual fund, and for other expenses. The government said it will require 4.3
        Bloomberg  -  96 words
    • 228 15 HONG KONG Bloomberg SH ARES of Wheelock Co and two of its units will stay suspended from trading until late this week, when the 145-year-old company will announce a reorganisation that analysts say will unlock value for the group. Hong Kong property companies, as
      Bloomberg  -  228 words
    • 635 15 BEIJING November industrial output grew at fastest pace in 7 years Reuters. Bloomberg CHINA'S top leaders yesterday agreed to keep the economy humming as they press ahead with overhauling the ailing state sector. Senior leaders including new Communist Party chief Hu Jintao and Premier
      Reuters.; Bloomberg; REUTERS  -  635 words
    • 477 15 Bloomberg, AFP (NEW DELHI] India has announced a plan for the sale of two of its biggest oil refiners as the government seeks to resume the country's US$2.5 billion assetdisposal programme that has been stalled for three months. Hindustan Petroleum Corp will
      Bloomberg,; AFP; ST FILE PHOTO  -  477 words
  • Page 12 Advertisements
    • 145 12 k*»»M hphhhhhhhhhbhhh i»flmg^nnßHHßHHMßa9no^^u v w flo- B S y*=*< i I m WSSM fl «Hi 1 HH a^' 4 -m]-' Jf^fe^- --<£ j?' M? Jr&" X M —NjUft 3(Sk We build your car. The all-new Vectra, where braking, steering and suspension Interact iJL ~/f* intelligently In any situation. We call
      145 words

  • Page 13 Advertisements
    • 89 13 Come home Electronics to success! Home Electronics 2003 at a glance: Afl/ aA «iO 1 Projected exhibitors: 250 30% a 15.01.2003 Projected visitors: 35.000 rPQIStCT b©'® Exhibition space: Hall 1 with 11,000 sqm Country pavilions from Europe, USA for the trade programme t JU Most modern exhibition ground in Asia
      89 words

  • Page 14 Advertisements
    • 97 14 Pif I > x W I I I CHARTS JSfll L Jfc _2» J I MMhM A v%# JR I Bk B B ■L. I I k V I k ~p j)m £HB| fV ■jVrMß|^L tm\ i Aml^AiM I 111 1 1 lli U VliMakAattUHuHM M V h s V
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  • Page 15 Advertisements
    • 152 15 DRIVING INDUSTRY BEST PRACTICE? Your people hold the key. human resoL-» l^H T Jg M Introducing PeopleSoft Human Capital Management. The only real-time solution that drives a higher level of business performance. PeopleSoft HCM transforms the role of your workforce. Manage and mobilize a unified network of employees. Connect people
      152 words
    • 136 15 r* LIVE AUSTRALIAN LOBSTERS GEODUCK CLAM Xin Cuisine brings you steamboat done in two different delicious ways, Tom Yam or Superior Stock. All done in traditional Hong Kong style to keep you warm and cozy during the fT« it N t cool month of December. Enjoy. CONCORDE CNINIII lISTAUIANT HOTEL
      136 words

  • WORLD news
    • 463 16 WASHINGTON Proposals encourage plans that critics say hart older workers NYT THE Bush administration has proposed sweeping new pension rules that will encourage companies to adopt a type of retirement plan that has been under attack for three years for what critics call a
      NYT  -  463 words
    • 204 16 AFP [SINGAPORE] Global sales of personal computers are expected to pick up strongly next year with shipments projected to increase 8.3 per cent compared with just 1.6 per cent this year, a report said yesterday. Research firm International Data Corp (IDC) said it expected
      AFP  -  204 words
    • 333 16 LONDON Opec plan to cat quota-basting met with scepticism Bloomberg, Reuters CRUDE oil prices fell after Venezuela's President Hugo Chavez said he may call elections in a bid to end a strike that has disrupted oil shipments and despite Opec's plan to cut quotabusting.
      Bloomberg,; Reuters  -  333 words
    • 215 16 [NEW YORK) US investors made record withdrawals of nearly US$lOO billion from equity mutual funds in the five months to October, the Financial Times said quoting an analysis by Merrill Lynch. The rally in the US stock market since October has resulted in only
      215 words
    • 264 16 WASHINGTON Reuters THE White House was expected to nominate longtime Wall Street executive William Donaldson as the new chairman of the US Securities and Exchange Commission, Republican sources said yesterday. An announcement was expected possibly as early as later yesterday, sources said.
      Reuters  -  264 words
    • WORLD Watch
      • 70 16 Reuters [WASHINGTON] Stocks on US wholesalers' shelves fell for the first time in half a year in October, the government said yesterday in a report suggesting that manufacturers may need to boost production to meet demand. Wholesale inventories fell 0.3 per cent after rising
        Reuters  -  70 words
      • 57 16 Bloomberg [TOKYO] Japanese banks Sumitomo Mitsui Financial Group and Mitsubishi Tokyo Financial Group said they may not be able to recover in«n« extended to UAL Corp, which filed for bankruptcy on Monday. Sumitomo Mitsui has US$ll4 million in loans to UAL. Mitsubishi Tokyo has 36.6
        Bloomberg  -  57 words
      • 57 16 Bloomberg w [TOKYO] Japan's Financial Services Agency (FSA) will tighten oversight of banks' profitability, exposure to shareholdings and cash liquidity to speed up identification of lenders that fail to improve financial strength. It will ask lenders to set targets to improve profitability and submit
        Bloomberg  -  57 words
    • 889 17 Despite railroad company's uneven performance, its chairman was well compensated NYT JOHN W Snow was paid more than US$5O million in salary, bonus and stock in his nearly 12 years as chairman of CSX, the railroad company. During that period, the
      NYT  -  889 words
    • 381 17 WASHINGTON The greenback is estimated to be 15-20% overvalued against yen, euro Bloomberg THE US National Association of Manufacturers plans to lobby the new Treasury Secretary to seek a weakening of what they consider an overvalued US dollar. Once John Snow receives
      Bloomberg  -  381 words
    • 413 17 WASHINGTON He'll get USss.6m in stock, USs4.sm in severance pay Bloomberg JOHN Snow, the railroad executive picked to be US Treasury Secretary, will leave CSX Corp with US$5.6 million in company stock and at least US$4.5 million in severance. Mr Snow's employment agreement
      Bloomberg  -  413 words
    • 417 18 LONDON Counter extends Monday's 43% slide, CEO nnder pressure to quit Reuters, Bloomberg, FT SHARES in British telecoms company Cable Wireless pic extended their 43 per cent tumble yesterday as worries about the health of its Caribbean operations added to the impact
      Reuters,; Bloomberg,; FT; Source: Bloomberg  -  417 words
    • 310 22 TORONTO Acquisition will make it Canada's biggest insurer Bloomberg MANULIFE Financial Corp, Canada's secondbiggest life insurer, made a hostile C 56.4 billion (557.2 billion) bid for Canada Life Financial Corp, triggering speculation of a bidding contest. Toronto-based Manulife said it announced the
      Bloomberg  -  310 words
  • Page 16 Advertisements
    • 156 16 Hr. fl -m .^H >i -"ijfifcv "if' ii~gi ffr-, r i 1 Vtf liM *3* i: i. nl'iilTfr'tnf j.. W *w i^HWtL. fiiMiß IB Take on our winning stance for your next game and feel the difference. Look out for this Pan-West label of authenticity on your next purchase and
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    • 161 17 P r -i "*s"|j jj I Blf 1Q Q fnr 2 MI9K FREE spa for 1 adult ***booking W I I ¥r J>jO On»W™ l f**<W f»" oftw secomt aiuH enjoys SO-tM I I W mik rnrtP SDCI treOtrntnlsl «jj. I I fg£s J I I Experience Asia's Premier Resort
      161 words

  • Article, Illustration
    1091 18 Transaction date: Dec JO DfTERBAMK CROSS RATES c$ Bib Euro HK$ Ind ts 8up<afr Vw Won IK >8 Mh N» S$ tow) Sh MTS 8*t Po—d USS OB™ 4.671 0X57 4.390 27.127 50.530 0.695 6.852 2.139 LIM 32.938 30.022 0.994 5.063 0.821 19.627 24.436 0.356 0.563 Carute L138 5.3J4
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  • 1537 18 SICOM FUTURES p^w RU88ER Futures (Closing prices) RSS1 (S centsAfl) Close Volume Opm to* 0 W9I1 Low Sttt (towns) Interest J" 03 147.60 Fefc 03 147.50 *•*03 147.50 Apr/Jin 03 149.50 RSS 3 (US cents/kg) Volume Open Low Sttt (towww) Inttftst j»03 8150 8225 8225 350 2775 Ft# 03
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  • Page 18 Miscellaneous
    • 172 18 CKVFTIC CROSSWORD ACROSS J I 1 2 b S y s when dis- sDogo on board and sleep c oes u P se when (8) Vere Cn^>ClSrri rOfTl co 7 2 Contract was cautious being 2® ud,roni said river (4) found on the footbaTpitch 21 steep? (8) Wi dly dUhn9
      172 words

  • Page 19 Advertisements
    • 106 19 WHY NOT GET STATE-OF-THE-ART TECHNOLOGY AT STATE-OF-THE-ECONOMY PRICES? Admit it. Everything you do is mission-critical. So instead of sacrificing security and availability for an entry-level V /W server, why not get a mission-critical server from less than w® 552,229? See the entire line at STIM.OOM/WHTWOT microsystems 0 www.sun.com.sg Call 1800
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  • 3190 20 Transaction elate: Dec 10 iinnr rnnr ormor( '>(totowwu\asiaonenmarketsjcom HUNOKUNb HK Euhanges 8 Clearing '0 30 405 IMS CHINA Arewllnc 3300 OSO 1 Lend lease Com 41 °i '""-asr rs zz i g£- ,ss s is --52 ,s a-^ aaafc-zzzss ss ss S5-= H as 's g ET I
    3,190 words
  • 1882 20 Transaction date: Dec 10 KUALA LUMPUR FatM***"" f2 I M AAH 5* 19 4)02 33 tanon 9 440 -001 927t w- mm Z& o Kgzzsr 15 14 25 ,u 5 ASM Realty 044 -002 4 GotS -Z__UZ "frl "J" 1487 m2^SJJ > 07? "'J *H8C*»tal 1.56 0.01 3290 Ahrit
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  • 602 20 Transaction date: Dec 10 **1 w aw om^» S* *SST tSk **> 2sm w oStMMXr OT7 112 2f? «0.100 tS 22 2"L 032 5J0 0050 2L22TX, ??2« !2£2 *<*»•,« 25c MS 2** TJ5t l" ***** ♦0100 SSXk 0.94 1.140 -0010 WGfp Mi* 11J00 *0500 SA 50c Ufj 10 700
    602 words
  • 506 20 BONDS WARRANTS L(M V* Cm bar fiav r ««r- rw» Ub« Wn hp uw AST1W»***** 175 1 16 nt o 89 18 Acmaltd W04U16 15 1 SO 587 5.00 23 AmtekW*****0 OftS -0.5 10 1 33 148 30 Armstrong W*****0 15 1 10 92 4 00 17 Bar6%SA*****1 10k 104
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  • Page 21 Advertisements
    • 104 21 WHY NOT USE NEXT YEAR'S DESKTOP LICENSING FEES FOR THIS YEAR'S SALARIES? Wouldn't you rather spend your IT budget on innovative /T technology and people, instead of innovative licensing plans? Stop pouring money down the desktop drain. KjIA/m W<t> Discover the alternative at SUN.COBK/WHYMOT microsystems www.sun.com.sg Call 1800 FONE SUN
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  • 3190 22 Transaction date: Dec 10 for live prices, log on to um ru \asiaoriema rketsjcom —2= a a b.-s sra £t. g a«s s-a ABNAmroNlG56c 9 12 34 ui 6 > 2 575 158 IZn.5 «h llO 115 115 115 "l2 1 3 99 JO 85 K 1£*aMK5bc 13
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  • 53 22 iff *2L LMIQnote GrOi* Mr GrVM MM MCa rmm im. i+rn cm 7g 10M0 n Dumorxfe UStlSod 6000 SMO IKK ISDJUSTech US3740tdcd ifi SH IS MSCI Spore USSSScdtd 11W0 COO ISS4PSOO US8270cdcd ii«oo um spow usuaocd IMS I MO ST1FTC lOt 1Mb 7 1398 1380 1J94 1396 I
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  • 955 22 Cow, S r!i, U *>* GtOfcr Dk> GrTU Met MQs W| lo» 8»j» S«8» Cw P< t3 S8S U ~i unch 5 20 20 17 »j 5 'V 5 5 US fc J 55 73 155 15 B Js si s 2,1 '25 i 14 .5 SSff zzzff
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  • 357 22 1W 0»» USOMI Gftt* On OrVW MM MCa t—' c— Mt w- rwi M0i I— *T» Sdhr Cw HI h3 IIS K AVM-mngs A25c A93 -0.5 14 93 92.5 93 93.5 40 3.4 10J 5.4 2007 Cathay Pac20c MK720 265 2.1 7.4 6 *****2 ?w»igKang5Qc HK17M 240 6.3
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    • 85 22 c 0 1 t4udemars Piguet H f Exclusively at: CORTINA WATCH PTE LTD M.llrn.a Walk Tel: 5339 1728. Paragon Tel: 6235 0084. Raffles City Tel: 6339 9185. SINCERE WATCH Ngee Ann City Tel: 6733 0618. Lucky Plaza Tel: 6737 4648. SSSS ec City Mall Tel; 6337 515°. TH£ H °UR
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  • Page 23 Advertisements
    • 107 23 WHY NOT MAKE COMPUTERS MANAGE THEIR OWN COMPLEXITY? As data centers become more complex, there are two choices: Create computers that are simpler to manage. Or convince one out of every two college graduates to become a systems administrator. A simpler way is at SUN.COM/wzmror microsystems 1 www.sun.com.sg Call 1800
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  • A TOUCH OF CHRISTMAS
    • 1054 24  -  jaime ee scouts for ornaments and tips to make your tree unforgettable JAIME EE IT'S that wonderful time of the year, so the song goes, and as you cross off the days to Christmas on your Advent calendar, it becomes increasingly clear that you have precious
      THE TOUCH PHOTOS BY CHRIS LOH  -  1,054 words
    • Article, Illustration
      575 26  -  Crowded malls, full carparks and endless queues do not a nice Christmas shopping experience make especially when you haven't quite figured out what to buy. So before you join the Orchard Road jam, make sure you know what you want. To help you along, CORINNE kerk suggests a
      575 words
    • Article, Illustration
      301 27 Bubbly idea worth drinking to A BOTTLE of champagne is always a nice gift to bring along for your host. All the better if it conies with its own reusable ice bucket. Champagne Veuve Clicquot presents that sensible convenience this season, with a bottle of Brut Yellow
      301 words
    • Article, Illustration
      820 28 A girl's best friend IT'S hard for a woman to say "no" to a piece of jewellery, especially when it's sparkling with diamonds. Aspial's Tinsel ring ($998), above right, for instance, sports a classic design with two rows of diamonds. If you want to go the whole hog,
      820 words
    • 912 29  -  Never fear, help is at hand for harried hosts, cheah ui-hooih checks out festive foods to go nm»n r_ CHEAH UI-HOON LET'S face it, most of us can't pull off Christmas a la Martha Stewart no matter how reverently we've read her magazines between entertaining drop-in
      912 words
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    • 54 24 I3y We bid you good tie-dings with a very special offer. An exclusive 100% silk tie worth $39 is yours FREE I when yOU purchase a CYC 100% cotton shirt customQmßHi made from our new range of fil-a-fil fabrics at only $99. eaSyC^ e C^ C WH| cyc EitahUtM in
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    • 34 25 WjM <~ e h 5 jr. "•<*•» f'V j I* fIH *Y t rii3l In iJi Fact Dunhillion chronograph tim.pi.*.. At ng.« onn city 01-01. jJ. .gkL, th. poragon 01-05/06. fio. wotrK... www.4mMll.cmi QLiMMII I timepieces
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    • 80 25 I Veuve (lic(|uo( I Voila! v r k L i* w'jf A;f» i C. I I f <j II (> lit' B O X lilt* B| W 11 I i h t > v i m A., ..if mi ,I i. ,1.1. I I i An U. llt ,i t,
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  • Page 26 Advertisements
    • 213 26 V'Hr feb f!? IHkrfejrT^^^V; fEnHRB^K^Gi l»r f'^KW^^H v^H MVPiWiir Ami Ma J B- ■•>■ S-■ liiMMfflM*^-V 0 you wont ktfttatok. &3.,* .^^BB closest rhinj*f£332/ I 18aetwtadwary'friwtffiiWii^3^«w) f '-I iwMil taltS *"«"i^3»sw'« <W»™m if J"^® w organ* you Men it is not. V; MfMigßlK 7NO CAC W) CftC IE fl V
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    • 63 26 European Glassware/Tableware YEAR END INVENTORY CLEARANCE t'i h Up to 10 OFF Crystal wine glasses decanters Everyday drinkware Wine accessories Special Offer on Riedel Crystal Bghemia Royal Leerdam Sale starts: Today till 20th Dec Opening hours: Mon-Fri: 09.00 am to 6.00pm Sat: 11.00 am to 6.00pm VENUE: Roger Hague Associates
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  • Page 27 Advertisements
    • 132 27 As a Dutch cooperative, Rabobank does not have shareholders, but rather stakeholders, who are its members in Holland, its clients, and its staff. With roots firmly planted in the Dutch rural areas of the late 19th century, Rabobank has always been a trustworthy* and sustainable partner. Rabobank wishes all its
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  • Page 28 Advertisements
    • 224 28 ±kkkkkkkkkkkkkkkkkkkkkkkkkkkkk Quality gift ideas from Jobin Studio Line... k k Reward this special moment of your LIFE with our timeless treasures... (Sbrao-H li (~fj/ree/t I t ue I ft wwnfcc/to ifou I H 20% 30% fIL-i A4»Ll£s 4t □□3INH JOBIN STUDIO LINE f k T*AOITION*I a»ts and ckafts 23 Ann
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    • 308 28 1 1 ii i 11 I\H i mi 1 FRENCH BORDEAUX 1980 PENFQLDS GRANGE S3SQ BBjWWWMfWPPIH^—PPW 1990 PENFOLDS GkAN&E 1550 BBiMSfIBWiM 1993 GRANT BURGE MESHACH $125 1996 REDBANK Solly's Paddock 92 1996 PENFOLDS Block 6 Cabernet Sauvignon *245 1997 VASSE FELIX Heytesbury 98 1997 PENFOLDSGRANGE $250 ImKAI&SSSHHIIiIIH^BC^ 1997 HENSCHKE Hills
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  • Page 29 Advertisements
    • 240 29 Consumers' PrefeiTed Brand for Hie Past 7 Years Appointed Oerters Central t *^J^|f ch D c *y*: S f Tl M? S< ,are 01 36 **"*««»9« Time Bras Basah Complex #01-25 Heng Wah Watch A Pan Co Bras Basah Comote* ryV 9 W Peoptes Complex #01-58 /59/ 60 Chun Sheng
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  • PERSONAL investment
    • 1050 30  -  It celebrates 10th year here with 'best ever' performance, reports Genevieve Cua Genevieve Cua JUST as Aberdeen Asset Management's parent company in the UK grapples with what may well be its biggest crisis in its history to date with the split capital
      1,050 words
    • 1053 30  -  INSIDEl..k|.im.» Sharp rise in selling could indicate more bearish activity ahead, says analyst By 1 Robert Halili ir THE Singapore insider sen*e timent fell back into negar- tive territory for the four a days to Dec 9, closing at-13.3 it points, down from the
      1,053 words
    • 426 30  -  mail ran Bernard Lim Director First Trust Pte Ltd I READ with interest the articles on estate planning and will planning by Genevieve Cua (Executive Money, Dec 4). I feel that it is good that people become more aware of the need to
      426 words
    • 120 30  -  Tham Kim Fay, Singapore I REFER to the report "Estate duty deserves a revision" by Genevieve Cua, (Executive Money, Dec 4) and am inclined to agree with the writer that the $600,000 exemption limit for estate duty for non-property portion of a person's estate value
      120 words
    • 1349 31  -  Is there any point in maintaining an entire department to assess estate duty when so little can be collected, asks lawyer Gob Eok Yeow HP C'pAnnm »r» Dnirintir »v« /Dnr*\ —a. 1- .r !a-» tin Goh Kok Yeow THL hconomic Review Committee (ERC] subcommittee on
      1,349 words
  • Page 30 Advertisements
    • 258 30 Ftp. r: SGAM Total Return Bond Fund YouHnvestments SGAM Total Return Bond Fund I cltm^ A n M f n f 1 l,nd ls investment solution in the current economic deviate s,fc r,tan volim "V '"•< l P««r equity returns. It is an innovative fund that from the traditional lixed
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  • Page 31 Advertisements
    • 192 31 Where to wine, dine and entertain... '••"--"I"" I wwwuliiiCTSxonLSg ii®&Sg£r Weekends and holidays are for heading down to Coleman's for lUnch where our buffet spread of over 50 dishes, endless flow of barley, tea or coffee awaits you. Make your reservations at (65) 6416 1112. Common's Weekend/PubSc Holiday TUnch BuTM
      192 words
    • 99 31 With FREE Choice of One Cofiee/Tea/Soft Drinks or Chin Chow HAINANESE CHICKEN RICE NASI GORENG ISTIMEWA CHICKEN CURRY CANTONESE BEEF HOR WESTERN SET ®$9.Bo+++ MyMt It's [),|rfl MurC V 4.00 nctt eaA J Uflß{ Jur** SI 5.00 nelt eacfa 1 HHI tti44 For enquiries, call us at 6430 4119 218
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    • 157 31 Feast on New Zealand Rock Oysters. Mussds. Smoked Fish and Chilled Prawns, then head for the open kitchen for Seafood Skewers. Crayfish, Spicy Crab and more. An added bonus is our Japanese corner, featuring fresh Sashimi. Sushi, Ebi Tempura, Tori Terlyaki and others. $35 per aduk and 18 (child). Dinner
      157 words
    • 269 31 I/] 6224 9928 11 MULTI AWARD-WINNING MANDARIN CHICKEN RICE Come, savour Singapore's favourite dish and other delights anytime. Enquiries: 6831 6291 nV*— F *d>( CoHnkMN tat MtmAtrim &Mwrg_ 88. fflMB 333 Orchard Road. Singapore *****7. S«U Tel: 6737 4411 Fax 6732 2361 CHRISTMAS* NEW YEAR'* DREAM DRAWJmK? 1 Grand Frizes:
      269 words

  • EXECUTIVE money
    • 1124 32  -  With Hong Leong S'pore Finance throwing down the gauntlet with a cheaper package, it's prudent to wait and see what bank rivals have up their sleeves, says SIOW LI SEN SIOW LI SEN HONG Leong Singapore Finance (HLSF) stunned the banking community yesterday at the
      1,124 words
    • 897 32  -  By I Genevieve Cua DO YOU know that if you do business out of your home, even on something as innocuous as tuition services, your home may not automatically qualify for the generous estate duty exemption for residential property? Or that if you name
      897 words
  • Page 32 Advertisements
    • 126 32 mL^d//j Mr*r- W JMP MI Le Suisse IHE ONLY PERPETUAL THAT ADJUSTS BACK- AND FORWARDS FROM A SINGLE crown, Selfwinding movement. Patented big display. Stainless case with ct white gold turning BEZEL. WATERRESISTANT TO 660 FEET. SEE-THROUGH SAPPHIRE CASE BACK Screw-crown. Exclusive rubber band with titanium elements and a HB
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  • SHIPPING TIMES
    • 255 33 Reuters THE Baltic Dry Index rose 13 points to 1,625, the Baltic Capesize Index rose 24 points to 2,112, the Baltic Panamax Index rose 13 points to 1,620 and the Baltic Handymax Index rose 23 points to 10,272. TIME-CHARTER: Gran Trader (built 2001) 172,517 dwt 14.3 on 54
      Reuters  -  255 words
    • 259 33 sox 'oeo PfQ CWT Distribution 0.70 uncfi 0 Chuan Hup 0.43 -0.01 618 Cosco investment 0.19 0.01 635 Fr*igM Links 0.03 unch 10 GB Hoiairxjs —0.62 unch 0 J»y« HoWngs 0.23 -0.01 280 K*pp*ICorp 3.76 -0.02 1974 Keppei Marine —0.15 unch 230 Kepp*iT*i* 0.83 unch 106 LaProy Marine
      259 words
    • 683 33  -  Europe should adopt model used for salvage coordination by UK: Salvage onion By\ Donald Urquhart [SINGAPORE] The Prestige disaster should convince the international community once and for all of the urgent need to deal with the issue of places of refuge,
      AFP  -  683 words
    • PORT Shots
      • 119 33 Reuters inuiNu is.uixuj Mong Kong s oriental Overseas (International) Ltd (OOIL) said it would spend HK$l.l4 billion (*****.64 million) to build two ships. South Korea's Samsung Heavy Industries Co Ltd will build the post Panamax container vessels, Oriental Overseas said in a statement.
        Reuters  -  119 words
      • 132 33 Bloomberg [SEOUL] Hyundai Mipo Dockyard Co, an affiliate of South Korea's Hyundai Heavy Industries Co, won a contract to build 12 ships worth about US$33O million from BP Shipping Ltd of the UK. Hyundai Mipo got the contract, worth about 201 billion won (5J291.45 million),
        Bloomberg  -  132 words
    • 165 33 Reuters [HONG KONG] Hong Kong's container traffic increased by 4.9 per cent in the first nine months of 2002, against the same period a year ago, after throughput posted 9 per cent growth in the third quarter on the back of robust China
      Reuters  -  165 words
    • 515 33 Lack of law enforcement poshing new wave of violence to new heights: expert Reuters [SINGAPORE] Piracy, mainly along Asia's busy sea lanes, is costing the world's economy US$25 billion a year and the threat is growing as modern buccaneers equip
      Reuters  -  515 words
    • 80 33 AFP [SYDNEY] One person was killed and others reported seriously injured yesterday in an explosion aboard a ship off the eastern coast of Australia police said. Paramedics and police detectives were flown to the ship located about 3km off the coast north of Sydney, a police
      AFP  -  80 words
    • 481 33 Participants 'close' ports for 8 days, costing US economy USssBb AP [WASHINGTON] A drill on port security exposed communications problems among government agencies and showed that if US ports are closed because of terrorist activity, the economic impact would
      AP  -  481 words
    • 1042 34  -  STRAIT TALK -By David Hughes SHIPPING seems to be cursed to live in interesting times. And there were certainly some interesting things happening off European coasts last week. As a direct result, a cargo of heavy fuel oil bound for Singapore will be
      AFP  -  1,042 words
    • 188 34 «*«*HUAL 8 Oram 2 Avant— 8 Hyundai 4 PACCCont 5 B'tang Mas 5 lmkov 6 POZ Lines 8 BSA 6 Indogulf 6 g BSC 8 »«erasia 8 Pan Ocean ZZ™ 5 BTL 8 Intermarine 8 pe)n( 2 •CMACGM J S •COSCO 3 Jessetton 8 Central Ex 4
      188 words
    • 8913 38 THEBUSINESSTIMES EXPORT t**-. n_ t 22T s,n A m Ad zzz T sr est zz T sr gs s I cta £ta mmmm Numb S,N "—Mr. Num4»r To ABIDJAN (ABJ) 2003 Cote D'lvoire 22/12 00/01 NYK SANDRA AZUL BW» B-tmW) 19/12 09/01 MM mT* 45*3399*44 M/12 B»/OI China
      8,913 words
    • SHIPS IN PORT
      • 591 41 Vess Voy Wo Berth Arrival Departure JURONG PORT GOLDENMULIA JB1201 J9 A/SIDE 11/12 0300 MARCOPOLO 42 02/02J J3 A/SIDE 11/12 1000 MAWATANGNGE PV305 J25 A/SIDE 11/12 0500 NAMTHONG 12 N***** J11 A/SIDE 11/12 1500 AKBAR PUTRA JB1201 J6 11/12 1100 11/12 2300 ATLANTIS 7 A7122 J2 11/12 1800
        591 words
      • 1445 41 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing On- Berth Vessel Out In Bth Berthing Un- BerdT vessel Out in I~T] N ,0 v< "i m__Z E ACX VKHfT 050N 050N 1_ 1402/2002J5*0 15/12/2002-0300 ALAMMYA2 BBS BPS 1 *****002,000 12O2O0Q2-1M0 WlUIWi 052* 0S2W 1 1*12/2002-22*0 *****002-12*0
        1,445 words
      • 126 41 Dw 23 Japan: Emperor's Birthday. Dee 24 Switzerland: Christmas Eve. Dec 29 Australia: Christmas Day. Belgium: Christmas Day. Brunei: Christmas Day. Canada: Christmas Day. France: Christmas Day. Germany: Christmas Day. Hong Kong: Christmas Day. Indonesia: Christmas Day. Italy: Christmas Day. Malaysia: Christmas Day. New Zealand: Christmas Day. Norway:
        126 words
      • 787 41 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranees in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on averagesized stem Market movements are indicated The Cockett Bunker Price Index change and the
        787 words
      • 496 41 180 Mm 990.4 0.4 B.7 0.06 60 0.03 P* 5 OtwitT Water ttnitm AvJtAki-Min. Sediment No above E25 0 0 1 0 0 0 380 Ave 985.0 02 U.6 0.06 31 0.02 Cm* 380 MM 99U 0.7 174 0.09 74 0.03 WWJ »W» M/M W Nc
        496 words
    • AIR & LAND transport
      • 684 42  -  UNITED BANKRUPTCY Lufthansa molls aid to its founding Star partner By George Joseph [SINGAPORE] United Airlines said yesterday that its reorganisation in the United States will not affect its ability to continue operations in Singapore, the US or the rest of the world. The
        AP  -  684 words
      • 283 42 Bloomberg [TOKYO] Japan Airlines and other Asian airlines may face tougher price competition with UAL Corp filing for bankruptcy, making it easier for its United Airlines unit to lure customers with lower fares. "Generally, carriers in their situation cut fares, so we may face
        Bloomberg  -  283 words
      • 579 42 Lone saboteur set a fire on board China Northern Airlines flight, it says AP [BEIJING] China's explanation was startling: flight 6136 crashed because a lone saboteur bypassed security to set a fire on board, killing 112 people when the plane plunged into
        AP  -  579 words
      • 197 42  -  Travel reservation group divides Asia Pacific into 3 focus areas By] Beth Jinks (SINGAPORE] Singapore-headquartered Asia Pacific travel reservation group, Abacus International, has expanded the roles of its key executives, dividing the region into three focus areas. Abacus, whose computerised reservation system currently handles
        197 words
      • 243 42 Bloomberg [BRISBANE, Australia] Boeing Co, the world's largest commercial-jet maker, and Virgin Blue Airlines Pty, Australia's No 2 airline, will build a pilot and engineering training centre at Brisbane airport. Boeing will own three of the four full-flight simulators in the new
        Bloomberg  -  243 words
      • 1776 42 Pt- 5®? ?S5 *50 1*9784 23S0 0F32 0750 0F31 0700 MM*. 1*9771 1850 »»07 W« aso S03T7 07S0 *CW52 0W0 2E252 mm wm utm *25 urm 2359 «rjn otso u*m moo UltHtw S023 0635 KL838 2330 6 W4579 2359 ****** 1515 SO 316 0900 1 1 S07J56 0445 ***** 0815
        1,776 words
  • Page 33 Advertisements

  • Page 34 Advertisements
    • 575 34 I T0 USA/CANADA ZD I EXPORT I I OTHER DESTINATIONS I JS.I i [to AUSTRALIA (AUSTRALIA ASIA EXPRESS) OUUHtWYOSK ?7£50 11/1? I 17/1? I 27/11 31/1? 03/01 01/01 01/01 04/01 ZZ7Z P""""""! 00QCHINA 5*51 It/1? I 19/1? I M/DI OCAII 11/01 09/01 09/01 WT IttHH fK I I 1 I
      575 words
    • 97 34 WORLDGATE EXPRESS LINES PTE LTD /jt\ 180 CecH strert #16-03/04, Bangkok Bank Building, Spore 0G9546 Te *****911 Fax: *****073/*****863 Email: wgate@mbox2.singnet.com.sg WEBSITE: http://www. worfdgate. com. sg WEEKLY FCL LCL SERVICE TO FOLLOWING PORTS jUHBim m law an musuKom m gg I igg I asr" i SSL-. M HAOHSJUMG LIZII_ (AICUTtt
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    • 565 34 Lines services represented by V Members of the Reg.slry of pJBSSmjI Accredited Shipping Agents, Xgtn y Singapore Shaping Association Members of the '••srij. Singapore Logistics Association g ULY UNE MALE /*VKSa VOT ETA ETA ETA P. KLAKG SfOtE IMl£ Empress lily 0602 19/12 20/12 28/12 Princess Lily 0103 07/01 06/01
      565 words

  • Page 35 Advertisements
    • 860 35 TO EUROPE FROM EUROPE vtssa Ivor aw or itm wmm ion m [[msa Ivor rw mi two by soi ik m >'«» 12/12 01/01 03/0130/IJ HTUDNOBOMBT 31K B/ll 25/11 27/11 n/11 14/12 HaWCBTY 004W 13/1225/1230/12 01/01 03/0104/01 MOIFWGUMNa 009 14/11 JO/11 30/11 01/1117/1J wumpawnee 31 w 14/1220/12oa/oi 05/01 07^)101/01 tnoomm
      860 words
    • 1297 35 direct call to if: COWmTSNIPPING MI ITD ""SSflSi"* EST™ ""SBS/" "BSSSS I <D4W I IUNIUUi. 12DAYS HI: W-IM.II* ML W-MMIW L SS2S™ SB ~"K. SI 88*»iwi.i.: KSS™. SS S3! 38 S£S£". 13! 33"£ S3: mBSS3!SS?: gg W2 24/12 02/01 31/11 24/1? OWSHHkTSs m, 7 0 /i» ii/i» ,#/11 w/,? 07/12
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    • 563 35 msa vot to sw rw h£|s!u gg mm. vot »Ti? arcihsaw ***** 11/12 12/12 omt w? if/n ?i/» 22/12 25/12 iamn mi u/u lt/T? —»7i2~ MiT( HONGIOWG ?17W 11/12 11/12 20/12 2V12 24/12 21/12 21/12 4/1 AOCMAKUBHTI 012* flTil M/U 27/12 |UIT(gEIUWG |210H|24/1212yi2|2k/12 pi/121 1/1 |VI 4/1 7/1 I|AQLmC Q47W
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  • Page 36 Advertisements
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  • Page 37 Advertisements
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  • Page 38 Advertisements
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      332 words
    • 182 38 ETASFOK LOADmFOS 20-72 MC COLOMBO, MALE 20-23 DfC BOMBAY, KARACHI 25-27 DtC DUBAI, DAMMAM, DOHA SPECIAL BATES FOt POtT KLANG MUMIAI JAKARTA KANDU FBEMANTIi lANDAR AMAS 5= ESP LINES NEW WEEKLY LQ SEBVKE TO lAGOS VISSQ SAJUNO EVERY THURSO AY IOAOWG EVHY WH> AT KIPPII OISTWPAML COMVEHTKHUI/BtEAKBUm SttVKI nASM LOADING
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    • 36 38 WINSTAR SHIPPING PTE LTD ra.wmn ux tmmi am Msmmmc WmUt IMm-M 3 Mbgs W«tiy (MM. WW. Fri) UaAng ft Juronj fori ImA*| at CoaHnm Port OwnoOwrfd/IQ/ TrartpMil Fa Cmrnm, Convtntawl Ctryt Door Ic Door PROJECT CARGO
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    • 228 38 WMmL MYANMA USBk FIVE STAR LINE V Lm** f#r Ymsm vtssa VOY SIN nu nn ku ONN SHWI HA* S4W SU> PAGAN V3MW SU> IN RAIAYSIA: OOOSTtAD SHIPPING AGtNCIIS MIL 0)*****)00 PU: 0)-)l/MI0l PEN: 04-2****** BANK LINE 1* t* W«r shippj M> vF NOTTHKXIND to EUtOPt V container. koso, nuu
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  • Page 40 Advertisements
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    • 711 40 VESSEL NAM VOY SINGAPOti POtT UUNG OfITTAGONG NOMU ETA ETA ETD ETA ETD ETA (TD QCDWNTr Qtmii SAT 14/12 15/12 15/12 19/12 U/lf j*"** (W>o4<> MOM 16/12 17/12 17/12 20/12 25/12 "~T 1 «TEAL 01*1131 WED 11/1? 19/12 19/12 Q/12 27/12 1 1 QCNONOut omn sw 22/12 23/12 23/12 27/12
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    • 767 40 dl PDZ LINES fES&xsms* I smro»t: tomg JOO swmwG m m> M: w^w74m osmiTnw is/iHgIS> nuhj/inGlsSI nn mfHSnir nn mspa m U»u jw ivii Uu. --g£ n," Sy Mjgr-g£-4g-gajtljw jigLLaa gw lim n/11 awo m/ »/ii m mi »/ii Icm .L, g£S= ™j? ancJim m/ii gbwu m n/ij cisom ,m
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  • Page 41 Miscellaneous
    • 133 41 jr— -»>. QHMHMMBb I 11 !>E legend: Issued by Meteorological Services Division, NEA K Thunderstorm Showers /C\ a n 3 6 C (J n< direction 30(1 speed in knots Cloudy Day Weather w tx Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and
      133 words