The Business Times, 18 March 2003

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Total Pages: 30
1 30 The Business Times
  • 11 1 MrrA(p)oe4/oa/aoo3 THE BUSINESS TIMES SINGAPORE Internet http://business-times.asial.com.sg TUESDAY, MARCH 18, 2003
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  • 842 1  -  Lee Seng Wee's giving up exec directorship signals easing of control By! Siow Li Sen [SINGAPORE] Come July 1, Lee Seng Wee will not only cease to be OCBC chairman, but will also move from being an executive board member to a
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  • 595 1  -  Ye&r-on-year jump, driven by pharmaceutical exports, beats economists' forecasts By l Chuang Peck Ming [SINGAPORE] The surprisingly strong showing in January that kicked off the year on Singapore's export front has not eased, despite a US-Iraq war looming. February's key
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  • 75 1 FOREX RATES US* SS USS (S$ per I'SS) 1.753 £(l'SS/SS per S) 1.589 1785 El'RO(l'SS/S$/E). 1083 1.900 YEN 117.8 67.20 RM 3.800 1167 HKS 7.799 4.448 BAHT 4164 24.32 Rl'PlAH 8348 5.103 RENMINBI 8199 4.733 INDIAN Rl'PEE 47.66 27.18 MtlMK RATI* SINGAPORE* Uft Kl ALA U'KPl R «40 HONG
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  • 72 1 STI 1,234.42 (-16.46) ST INDEX FUTURES M 25.00 (-29.00) SIMSCI FUTURES 150.40 (-3.60) Monday Change KUSECOMP ***** -5.94 NIKKEI 225 7,871.64 -***** HANG SENG .....8,804.16 -***** SET INDEX 354.61 -3.63 JAKARTA COMP .382.15 -673 MANILA COMP _.999 46 -4.53 TAIPEI WPI 4.357.99 -118.18 SEOUL COMP ***** -22.41 SHENZHEN B
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  • 687 1 Bosh to give Saddam ultimatum: get onto! Iraq or face attack [UNITED NATIONS] The US and its allies yesterday ended diplomatic efforts to win UN approval for an ultimatum to Iraq, clearing the way for them to launch a war without Security Council
    REUTERS  -  687 words
  • 649 1 Stock markets in Asia also take a beating Bloomberg, AFP, Reuters [LONDON] Crude oil fell yesterday after the White House said George W Bush will deliver an ultimatum to Iraqi President Saddam Hussein that he leave the country or face an
    Bloomberg,; AFP,; Reuters; Source: Bloomberg  -  649 words
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  • NEXT page
    • 355 2  -  OTC market will enable SMEs to raise equity finance easily Byi Andrea Tan [SINGAPORE] Parties from Taiwan and the West have expressed interest in setting up an over-the-counter (OTC) market or pre-listing exchange in Singapore, SME Finance Panel chairman Indeijit Singh said yesterday.
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    • 374 2  -  Asyst Tech's deal with Solectron to yield USsloom of production initially By I Serena Ng [SINGAPORE) Californiabased semiconductor equipment maker Asyst Technologies Inc has started shifting the bulk of its manufacturing activities to Singapore through its new outsourcing partner Solectron Corp. The move
      374 words
    • ON THE grapevine
      • 94 2 THERE'S a new craze among Singaporeans going to Shanghai buying sets of fake S-Yard, Callaway or other "top-brand" golf clubs from the Trademart there. But at least one Singapore executive shuns the phoney clubs, saying: "What happens when I play with top businessmen and the club head flies
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      • 160 2 IT was OCBC versus DBS at a Spring Singapore event yesterday. Asked by SME Finance Panel chairman Inderjit Singh to talk about the various schemes offered to small and medium enterprises, DBS managing director for enterprise banking Hong Tuck Kun gave a three-minute rundown of the "very,
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    • 383 2  -  PMEUMOXIA SCARE Many switch destinations after travel advisory By\ Stephanie Yap (SINGAPORE] Singaporeans are scrambling to avoid certain holiday destinations as the number of people here coming down with pneumonia 21 at last count grows. This also follows the Ministry of Health's
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  • Page 2 Advertisements
    • 126 2 (5 t|§ Ty and elegance. You can have both. Boss IIH IB You don't have to splurge to exude class. Delve into unique worlds of style and transform your office. Jazz up your work space with exquisite designs that put expressions on faces. At Boss Design, we will draw out
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  • CORPORATE earnings
    • 655 3  -  It's speeding up plans to list China subsidiary on Shanghai bourse By] Loh Hui Yin SEKSUN Corporation turned in a strong set of results last year net profit was up 61 per cent prompting the metal components manufacturer to reward its shareholders with
      655 words
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    • 215 3 !MR7I!?!T!KW^77?T3TV??rmI^^^^H a H Calling all companies It you have decided on the date to release your financial results, yive us a call at 6319-5318 or email us at btnewstfsph.com.sg I Importing goods from China? Only one partner makes it simple. When looking for a more efficient way to import goods
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  • SINGAPORE markets
    • Article, Illustration
      295 4 OTHER SINGAPORE MINCES Mar 17 VALUE CLOSE WOW -433.00 159.00 ITCOM -*****.00 -113.00 ITlfrdqfH -*****.00 -44.00 iHHMIw 333.73 -3.93 tQI-fMiiniil 113.09 1.73 SOCjiiM11 1025.33 -12.60 «Qf« Jill Flip 305.05 -3.45 watkipiw 151.06 -2.28 MWCiriw 150.40 -3.60 Accord Customer 2.5c *****.000 Chart SemCond 26c.„ *****.000 ASL M*me 10c 14.973.000 L*ongHtfi20c 6,955.000
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    • 267 4  -  HOT STOW WARRANT By\ R Sivanithy IN the stock market, it's equally possible to view situations positively or negatively. For example, some analysts see a battered stock price as an interesting buying opportunity, while others shun the stock in question. A
      267 words
    • 755 4  -  hi fj, '.tj a STOCKS r. sivanithy THERE'S only one type of serious player in the stock market right now and we're not talking about "investors" who "bargainhunt" or "profit-take" when prices go up or down. We're talking about intra day traders who have no
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    • 606 4  -  CURRENCIES Bat sterling suffers even worse relapse dne to Britain's close association with US position larry wee CURRENCY players were whipped around badly between trading last Friday in New York and Asian trading yesterday, after the US dollar gave up a good chunk
      Source: Reuters  -  606 words
  • 717 4 UNIT TRUSTS FUNDS Caprtal GrowthtSP) 07*0.73 Balanced Ftnd 0975/1.009 BaUved Growth<y) 0.837® 837 Conservative Fd 0 996/1.031 Income Growth(SP) 094*0949 Enhanced Ft*td!« 0S1WB* S$ Capital Pro 6 Jun 07 0.95M 952 S pore Bond Find/* 1.1*1.232 US$Gae»talPro6k*»07 096®96 (Meat Equity fund/" 1.223/1266 Global Managed 0W«W Technology Fund" 0 162® 168
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  • Page 5 Advertisements
    • 138 5 H OFFICE MANAGERS AND WORKERS Hi OF SINGAPORE It is time for us to rally together and rid ourselves of workplace inefficiencies. We have a glorious opportunity to abolish mindless, |HH repetitive and costly tasks. ■B|l A new day is coming. But we must first embrace an important new technology.
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  • SINGAPORE companies
    • 505 6  -  BftSTnTETWa It nps stake from 23J% to 35.1% in three years; more baying expected By l Christopher Tan DIVERSIFIED Cycle Carriage Ltd (CCL), which has been buying shares in Indonesian subsidiary Astra International from the open market, may be eyeing a 50 per
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    • 449 6  -  By. Audrey Tan BONVESTS Holdings chairman and managing director, Henry Ngo, will inject his 70 per cent stake in Sheraton Towers Singapore into the mainboard-listed company, in return for new shares which will increase his holdings of Bonvests from 29.97 per cent to
      449 words
    • 878 6  -  hockIRWW catherine ong THE new shareholders of Nat Steel Ltd, a consortium led by hotel tycoon Ong Beng Seng, were given a one-day tour of the company's mill not too long ago. It wasn't, of course, as aesthetically delightful as a stroll
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    • 391 6  -  Stock ends at 63J> cents on fears of potential cash call, countdown to Iraq war By\ Michelle Quah SHARES of chip foundry Chartered Semiconductor Manufacturing were slammed yesterday by fears of a potential cash call by the company and the countdown to war
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    • 552 6 Higher insurance, fnel costs may not be passed to clients Bloomberg SHARES of Neptune Orient Lines Ltd (NOL), Evergreen Marine Corp and other Asian shipping lines fell on concern a war in Iraq may start this week, which would probably result in higher
      Bloomberg  -  552 words
    • 188 6 UNITED Overseas Bank credit card-holders can use the is-land-wide AXS stations from today to pay their credit card bills. UOB said yesterday its customers can pay credit card bills at more than 180 such stations using their NETS ATM card or Cash card. The
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    • COMPANYBriefs
      • 50 6 FRENCH banking group BNP Paribas will move its Sydney foreign exchange trading operations to Singapore, so Singapore will become its sole centre for trading during the Asian time zone. But BNP will still maintain foreign exchange sales staff in Sydney, the bank said yesterday.
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      • 65 6 PRESSCRETE Holdings's wholly owned subsidiary, Neocorp Innovations, will take a 25 per cent stake in a $70 million township project in Andhra Pradesh, India. The project is led by Cesma International, a subsidiary of the Housing and Development Board. Presscrete said yesterday that the project—due
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      • 66 6 LIAN Beng Group yesterday said its wholly-owned subsidiary, Lian Beng Construction, has secured a $31.76 million construction contract from the Defence Science Technology Agency. The 16-month contract is to build Block 118 and ancillary works at Changi East The project will not affect earnings
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      • 52 6 IPCO International said yesterday it has signed a conditional agreement to buy 320 million shares in China Gas Holdings for HK$304 million (S368.3 million), from Heng Fung Holdings and its subsidiaries. The shares represent 26.4 per cent of the issued capital of Hong Kong-listed
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      • 94 6 K1 Ventures said yesterday that its investee company, McMoRan Exploration Co (MMR), had last week announced a successful production test at the South Marsh Island Block 223 exploratory well In die United States. Analysis of die test results show the well has potential to produce
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    • 92 6 I a uff>Horc *il)i coflWHAfl^ prancing cmowukj mi iWihn irttiih Ytrptn Ittanrti IttaMti PI Mauritius SKS\. zrr".r'.";.« Full nominee, management, corporate secretarial, banking and professional administration services are available. We also specialize in offshore trusts, offshore banks, and captive H insurance companies for qualified applicants. Bl For further information and
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  • Page 7 Advertisements
    • 313 7 I SMART WORKERS OF SINGAPORE H UNITE AT THE CANON PRODUCT SHOW AND SEMINAR. MERITUS MANDARIN SINGAPORE, LEVEL 5, SOUTH TOWER, MANDARIN BALLROOM SINGAPORE *****7 MARCH MARCH 10AM 6PM Thursday March 2003 March 2003 llam 11.35 am 1. Achieving Seamless Document Capture, 10.30 am 11.05 am 5. Achieving Seamless Document
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  • SINGAPORE news
    • 441 8  -  YESTERDAY DV PARLIAMENT Lee Boon Tang sap upscale positions are being lost to low-cost locations Byi Cuang Peck Ming LOW-SKILLED workers will not be the only ones seeing their jobs shifting offshore. Manpower Minister Lee Boon Yang warned yesterday that professionals, managers and executives
      FILE PHOTO  -  441 words
    • 388 8  -  Other option would have demoralised staff badly: Mah Vince Chong NATIONAL Development Minister Mah Bow Tan told Parliament yesterday that the government considered two options last year when reviewing the Housing and Development Board's role in the current economic climate. Before the decision was
      388 words
    • 249 8  -  By. Elgin Toh THE retail sales index grew a strong 9.7 per cent year-on-year in January, according to the Department of Statistics (DOS) yesterday. Motor vehicles sales were especially robust, growing 15.4 per cent from a year ago. Excluding motor vehicles, retailers in general
      Source: Dept of Statistics  -  249 words
    • 193 8 TO encourage professionals, managers, executives and businessmen (PMEBs) to read regularly, the National Library Board (NLB) has launched its new Library(aOffice campaign. Library@Office campaign is a series of roadshows in the central business district and selected suburban office malls, and aims at promoting libraries and its
      193 words
    • 407 10  -  It trays 5% of China Minsheng to make it first S'pore firm to enter China By\ Michelle Quah ASIA General Holdings has become the first Singapore insurer to sink its teeth into the burgeoning China market, which has seen explosive growth since China
      407 words
    • 193 10 JTC Corp has unveiled a two-pronged approach to further help its customers reduce business costs. From next month, rental security deposit for companies on short-term tenancies and temporary occupation licences will be halved to one-month. This will benefit 3,900 customers who are paying
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    • 259 10  -  By\ Kalpana Rashiwala GIC Real Estate has bought a 50 per cent interest in a prime office building in the Paris CBD 6-8 Boulevard Haussmann. The property's long-term income profile, "excellent building quality" and prominent location in the financial district were
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    • 466 10  -  Office space, said to be worth $26-28 m, is owned by Chin family company By] Kalpana Rashiwala A COMPANY controlled by the family of Hong Kong's Deacon Chiu is selling 50 office units said to be worth about $26 million
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  • Article, Illustration
    1065 8 Transaction date: Mar 17 DITERBAMZ CROSS RATES 1 AS B fci Uw Mh MH* Yw Whtli M> SS 8aM sir ITS Mlt Hm* tetrabr OJM 4.997 0J54 UN ***** ***** 0.709 75C UN LOU MJtt ***** 10M 4883 0515 20J98 ***** 0JT9 0502 Canada 1131 1*51 0.629 1311 32.450
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    • 227 8 sleep in the heart JLof Orchard Road... and travel with ease imphOEN l from just *****.00 Privileges include A Special Breakfast Rate at 5512.00 per person Free usage of in-room computer (special rate for Internet access) Free entry to Singapore's latest night spot Induz3 Disco fafy (Uilt ft k&yCArcL Free
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  • Page 9 Advertisements
    • 124 9 When beauty and technology meet, a revolution is inevitable. IBM Voted Best Buy by Japan's HiVi, Dec 2002. Best Plasma TV of the Year 2003 by UK's What TV Video Magazine. What's behind it. Igj M One cable is all you Just one cable connects The Plasma TV's unique swivel
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  • 1519 10 SICOM FUTUIIBS Mar 17 IUBKI F«bm(Qostaq prices) RSSItScwrtvtaj) CtOM VotMM Opaa Ma«t» M«fc Urn Sftt flww) Merest Apr 03 188.50 May 03 187.50 JM 03 18&25 Jatffap 03 185.75 RSS 3 (US cents/In) VoiWM Oaoa Maafli HI# Law Sett (tonnes) Merest Apr 03 107.00 1100 May 03 107.50 107.00
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  • FOCUS property
    • 608 11  -  BiM.ux.mu PROPERTY Pnsh for entrepreneurship is not good for property market in short run lee han shih BAD news for developers the government is making a big push to encourage entrepreneurship in Singapore. Last week it was revealed that Raymond Lim, one of the high-flying new Members
      FILE PHOTO  -  608 words
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    • 419 11 MORTGAGEE'S SALE BY TENDER PROPERTY TYPE TENURE 1) 179 Syed AJwi Road, 4-storey commerical bldg with Freehold off Jin Besar mezzanine floor basement carpark. Land Area: 8,090 sqft appro* Fir Area: 35,700 sqft approx. 2) 1 Harvey Road, 5-storey showroom/office/factory Freehold off Macpherson Rd Land Area: 7,205 sqft approx. Fir
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    • 575 11 mf Bungalow with swtmnwng pool land/BuH-r 8900 5600 Near American Sch Askng 3.38 mdton j_Current rental $12,500 IN THK MATTKR OF THE COMPANKS ACT, CAR SO AND IN THK MATTKR OK NKXUS GM)BAI SYSTE MS rn: ITU I Incorporated in Singapore) Al an hatraordinary General Meeting of the aho\cnamcd Company
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    • 284 11 CALROSE GARDENS FOR SALE BY TENDER Address 501 511 Yio Chu Kang Road Land Area 27,996.9 sqm (301,358 sq ft) Tenure Freehold Zoning Residential Plot Ratio 1.4, up to 5 storeys Description Large elevated freehold site within walking distance to Yio Chu Kang MRT Station CHU St Nicholas Girls' School
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  • EDITORIAL & opinion
    • 724 12  -  OPINION m3S3SSES3t shoeb kagda SINCE widespread student demonstrations toppled former president Suharto in 1998, street protests have become a daily feature in Indonesia Under the country's newfound freedoms, people are allowed to express themselves freely in the local media, in seminars and at conferences, where
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    • 96 12 'In science, there is only a Number One; no Number Two. We'd like to lead in contributing to mankind.' Zhang Hoaying a scientific director of China's space programme, on Beijing's multibillion-dollar programmes to construct a space station and explore the moon and Mars. Trying to figure out
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    • 546 12 EDITORIAL A YEAR ago, attributing the markets' dismal performance to "irrational pessimism" was both catchy and feasible. Not any more. As war drums reach a crescendo, and post-war economic scenarios offer little relief, pessimism now seems to many to be an entirely rational response. It cannot be
      546 words
    • 1309 12  -  The threat of nationalisation is driving banks to seek private fnnding-that and the approach of the 'day of reckoning' financial year-end From, Anthony Rowley in Tokyo JAPAN'S leading banks are scrambling to raise a hefty 2 trillion yen (5529.6 billion) of new capital, both
      REUTERS  -  1,309 words
    • 299 12  -  MAiLirsrn Rajesh Chowdhary Singapore MANY a time I have read about how the Singapore government intends to transform the Republic into a Silicon Valley. Whatever the steps that are being taken to achieve this goal, one significant factor concerning the mindset of the people needs
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    • 195 12  -  Wang Look Fung (Ms) General Manager Group Corporate Communications Keppel Corporation Ltd I REFER to your article "Still a man's world in S'pore boardrooms" (BT, March 15). The report carried an erroneous statement quoting Mr John Lim, honorary secretary of The Singapore Institute of Directors,
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    • 99 12 Fax your letters to 6319-*****r email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 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
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  • REGIONAL news
    • 591 13 KUALA LUMPUR German firm will still seek damages even if outvoted on Thursday: analysts Reuters MALAYSIA'S Celcom wants arbitration of a dispute with shareholder Deutsche Telekom to be held in Asia, to boost its chances of winning a tussle over its merger
      Reuters; REUTERS  -  591 words
    • 442 13 Goldman Sachs misses out on Danamon business twice SINGAPORE Bloomberg GOLDMAN Sachs Group Inc, the leading adviser on mergers and acquisitions in Asia outside Japan this year, lost a chance to earn fees handling the sale of Indonesia's fifth largest bank twice in three months. Goldman competed with ÜBS Warburg
      Bloomberg  -  442 words
    • 350 13 SEPANG, Malaysia Bernama A GIANT plantation company is expected to be formed in the near term following the government's aim to create at least four additional heavyweights in the capital market by merging gov-ernment-linked companies, Malaysian Second Finance Minister Jamaludin Jarjis said.
      Bernama  -  350 words
    • NOTEBook
      • 64 13 AFP [KUALA LUMPUR] Malaysia will supply US$2O billion worth of gas to two Japanese power companies, national oil company Petronas said yesterday. Petronas' subsidiaries Malaysia LNG Sdn Bhd (MLNG) and MLNG Tiga Sdn Bbd signed two separate agreements to supply liqueflekl natural
        AFP  -  64 words
      • 57 13 AFP [JAKARTA] Indonesia's customs department named in a survey last year as one of the country's most corrupt institutions, said yesterday it will embark oil a reform programme. The office of customs and excise said in a statement it would set up a working
        AFP  -  57 words
      • 78 13 AP [KUALA LUMPUR] South-east Asian foreign ministers are expected to voice strong opposition to a looming war in Iraq at an informal meeting beginning today in Malaysia, a senior diplomat said. Ong Keng Yong, secretary-general of the Association of South-east Asian Nations, said the
        AP  -  78 words
      • 62 13 Reuters [BANGKOK] The Thai economy grew 6.1 per cent year-on-year in the fourth quarter of 20Q2 and by SJ2 per cent for the whole of last year, beating analysts' expectations, the government's top think tank said yesterday. The state National Economic and Social Development
        Reuters  -  62 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 116 14 h^ Broadband Network-connected n-flight Internet 2*T^^^BlWB^^m Our down-to-earth "IT" solutions are out of this world. Mitsubishi Electric's "Integrated Technology" solutions are the technology safeguards your data. And our next-generation MPEG core of a universal communication network designed to keep you video encoding technology breaks new ground in lighter yet higher
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  • REGIONAL news
    • 484 15 HONGKONG Reuters HONG Kong's dominant phone company PCCW Ltd, facing a shrinking share of a weak local market, is expected to report a net loss for 2002 on heavy one-off charges, and analysts say prospects are dim for significant near-term revenue
      Reuters  -  484 words
    • ASIANotes
      • 91 15 AFP #6!fcKjsmHong Kong's anti-corruption watchdog Said yesterday it W received several complaints calling for an OTt*tiBßtion into a scandal involving financial Secretary Antony Leung Independent Commission Against Corruption (ICAC) to comment on the nature of the allegations -hiit said "for an v nursuable die
        AFP  -  91 words
      • 100 15 Bloomberg [BEIJING] China's State Post Bureau will split its pnrfltable business units from its regulatory role as part of a government plan to restructure and sell shares in the country's monopoly postal service, a spokesman said "We intend to list but the process
        Bloomberg  -  100 words
      • 87 15 AFP [BEIJING] German car maker Volkswagen yesterday said it plans to set up a new plant in China to help it achieve a goal of doubling its annual sales in the country to one million vehicles by 2007. The company has not decided
        AFP  -  87 words
      • 68 15 Bloomberg [NEW DELHI] An Indian telecommunications tribunal will begin on March 31 the final hearing of a case filed by cellular-phone operators against fixed-line rivals offering limited-range mobile services. The case was delayed after Communications Minister Arun Shourie last month asked fixed-line and cellular companies
        Bloomberg  -  68 words
      • 57 15 AFP [SHANGHAI] US retailing giant Wal-Mart will open its first store in Shanghai by early 2005, press reports said yesterday. Wal-Mart late last year inked a deal to open several stores in and around the eastern city of Shanghai with China's largest financial
        AFP  -  57 words
      • 69 15 Reuters [SHANGHAI] China s brokerages are reviewing long-awaited draft regulations allowing them to issue bonds, which will give many struggling securities houses a way to raise much-needed capital, the China Daily said yesterday. Under draft rules being reviewed by brokerages, securities firms would be
        Reuters  -  69 words
    • 669 15 HONG KONG Many fear they could lose jobs or be forced to take pay cats Reuters BEFORE he was laid off last year, electronics buff Aaron Chan used to spend freely on the fanciest hi-tech gadgets. Now the father of one says he counts
      Reuters; AFP  -  669 words
  • Page 15 Advertisements
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  • REGION world
    • 857 16 BEIJING Business-trained party veterans to take reins of burgeoning economy Reuters, AFP CHINA'S parliament approved new top economic and trade officials yesterday, putting the finishing touches on a handover of power that puts a younger generation in charge of the world's fastestgrowing major
      Reuters,; AFP  -  857 words
    • 978 16  -  COMMENTARY It expects some clues from new BOJ chief, says Anthony Rowley Anthony Rowley AFTER Japanese authorities last week unveiled a rather unconvincing set of measures to boost Tokyo stock prices, the market is waiting now for the "other shoe to drop".
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  • 4448 16 i Transaction date: Mar 17 for more, go to umm^jasjacnienmarketsjcom HONG KONG m hkrmi ...i.io -003 m MS W- *008 Hong Kong Electric 30 50 unch >847 Hongkong Owwse .....0.60 -0.02 494 Alpha General 021 -0.01 76 Hongkong Chinese ltd 060 OQ2 494 AnandaWingOn ......0.01 unch 6160 Hopewell
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  • WORLD news
    • 579 17  -  FTSEIOO down 2% as deadline for attack on Iraq draws nearer From'. Neil Behrmann m London THE London stock market and UK pound tumbled as the deadline for war draws closer, and Prime Minister Tony Blair faces fierce opposition to a US-led
      579 words
    • 233 17 SINGAPOREANS travelling overseas on business have been urged to monitor the situation in the Middle East and keep abreast of developments there. The Ministry of Foreign Affairs, in a consular advice issued yesterday, said those living or travelling in that region may wish to
      233 words
    • Ford may have to book US$1.7b of off-balance items
      • 135 17 Ford uses SPEs when it securitises loans made to customers through Ford Credit, its financing arm. terest" in FCAR was about US$l.7 billion. Ford also signalled that its use of SPEs could be exposed to other risk. Ford Credit also sells receivables to bank-sponsored assetbacked commercial paper issuers. The issuers
        135 words
    • WORLDWatch
      • 99 17 Bloomberg [TOKYO] Japan's government may decide as early as today to merge three of its biggest oil and gas exploration businesses and disband their parent company after it ran up US$2O billion of debt in more than three decades of drilling. The government may
        Bloomberg  -  99 words
      • 97 17 Bloomberg (TOKYO] Citigroup Inc, the world's largest financial services company, said it may shut branches and cut jobs in its consumer finance business in Japan, after combining three units with CitiFinancial Japan KK to reduce costs. The reductions are part of an ongoing reorganisation
        Bloomberg  -  97 words
      • 76 17 AFP I FRANKFURT] Dresdner Bank chairman Bernd Fahrholz could quit next month ahead of the annual shareholders' meeting of its parent company, the insurance giant Allianz, the Financial Times reported yesterday, quoting banking sources. A spokesman for Dresdner Bank declined to comment on the
        AFP  -  76 words
      • 66 17 AFP [PARIS] Two former joint chairmen of Eurotunnel, Andre Benard and Alastair Mortem, will face trial for allegedly providing false information when the company raised capital in 1994, a source said yesterday. Magistrate Dominique de Talance has also ordered that two bank executives, one from
        AFP  -  66 words
      • 47 17 Bloomberg [TOKYO] Nissan Motor Co, Japan's third largest automaker, said Yoshikazu Hanawa will resign from the chairman's post to be replaced by chief executive Carlos Ghosn and executive vice-president Itaru Koeda as co-chairmen. Mr Ghosn and Mr Koeda will retain their current positions.—Bloomberg
        Bloomberg  -  47 words
      • 84 17 Bloomberg [SEOUL] SK Corp, South Korea's largest oil refiner, said it won't increase its stake in SK Global Co, which last week said it misstated 2001 financial results by more than 1.5 trillion won (Ss2.l billion). SK Corp, the largest shareholder of
        Bloomberg  -  84 words
      • 72 17 AFP [PARIS] A massive system of government-supported corruption at the formerly state-owned oil company Elf will be exposed when one of the biggest criminal trials in modern France opens in Paris yesterday. After eight years of investigations, the court will hear the case
        AFP  -  72 words
    • 326 18 Investors unhappy with its dividend policy and lack of transparency Reuters [SEOUL] Investors are getting turned off by Samsung Electronics Co's reluctance to share its wealth with shareholders and are pressing the company to simplify its management structure. "Investors tag a low price
      Reuters  -  326 words
    • 171 18 Reuters [LONDON] Paul Volcker, former chairman of the US Federal Reserve, has called for the new Wall Street accounting regulator to ban accounting firms from doing tax work for audit clients, the Financial Times reported yesterday. He said the new US Public Company Accounting
      Reuters  -  171 words
  • 2342 17 Transaction date: Mar 17 KUALA LUMPUR SMeave 2 l Vol FS8M ISO uncti 0 tu w mm FW Industries j0l16 unch 0 Gadana **3 unch 0 A A M Realty 0 70 -0.01 2 TXJ -5-15 0 05 560 Afanc 062 403 28 GanadCorp *75 unch 0 ACP Industries
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  • 836 17 Transaction date: Mar /7 »»at* t om» o—t* n«t i g» c>w|i C4C 0 49 3 600 -OJMO NMNI 50c 0 62 2 400 *0280 CapltaLand 1.21 1090 -0010 OOC 909 MOO Chart SamCond 26c 0 60 0635 0 050 (XX 0 57 5.700 Ot* D*v SOr 1*3 3620
    836 words
  • 486 17 BONDS WARRANTS UM M Cm Eur Hk fear C—p—> Ml C—( Mate Na ha U» ASTIW*****1 173 1 16 205 0.63 IS AonaLtdW*****6 45 I SO 891 122 20 An*e* W*****0 535 1 33 9 1.4) 27 Armstrong W040S20 *5 1 to 110 10 00 M Boustead 1MM0802 12 1
    486 words

  • 5536 18 Transaction date: Mar 17 for live prices, log on to uwu\asiaonemarkets£om 52-«* Last Vol Day UMQMM Gf»» Dtv GrYM MM MCap HI# law Conyany Sale W- CW»> HI# L— fcf Mhr Cw P« ABNAmroNLG 56c 9 12 3.« 138-8 205 9 ACE 0yna*r*a20c 11.5 11.5 14.5 0.7 8
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  • 68 18 U-M LM tM On Lid Quota GrtMv Mv G>VM MM MCjb NN > tog jg» W- gg l— ggr Ugm Cm W Wl ***** 89 Diamonds U*****cd 4900 2700 IS Di US Tech US3740 555 555 IS MSG Sport US5S5 ***** 1200 ISS4PS00 US8270 ***** 8280 SPDRS US8280cd
    68 words
  • 1449 18 5248k Last Vol Day KM On** Grttv ON GrVW MM MCa» W* U» Ciii«y M» w- w U» 8nyr i*i Cw W M 22 7.5 A8R Hldgs Sc *5 until 55 9 85 8.5 9 164 24.5 15 APCMSc 17.5 mti 85 17.5 175 17.5 195 27 26
    1,449 words
  • 329 18 S2-M LM Vol on U*Qw*» aofcr Mr 6«tW MM MCaa I—i L—i Ciwum W- rw») HMI I— m*m Utm Cw wt S«* IIS »1 AVJennings A25c A96 5 -2 20 96 5 96 96.5 98 5 40 3.4 10.4 Si 207.7 C*thjyP*20c. HK720 265 2.1 74 6 *****2
    329 words
  • Page 18 Miscellaneous
    • 304 18 CRYPTIC CROSSWORD 1 Where patients need to be HH 7 Said school members coming from the country (5) 8 Performance nightclub IV Hi >Hf that had not been staged? W 10 Martha laminated part of the HI flowers receptacles (7) 11 Extra particular (7) H I 111 I l 1
      304 words

  • KNOWLEDGE economy
    • Article, Illustration
      1840 19  -  THOUGHT LEADERSHIP Daniel Goleman, author of Emotional Intelligence, tells Des Dearlove why managing emotions is vital in business Des Dearlove DANIEL Goleman is among the most influential thinkers to hit the business world in recent years. The bearded psychologist and former journalist has spread the gospel of emotional
      1,840 words
  • Page 19 Advertisements
    • 1850 19 To adTertix call toll-free 1800 289 8822 Email rtcraif PEMBERTON LIMITED (Incorporated with limited liability in Singapore) NOTICE OF REDEMPTION (I) *****,000,000 61/16 Per Cent Bonds Due 2006 ("Tranche A Bonds") (ii) 5570,000,000 6 7/8 Par Cent Bonde Due 2006 ("Tranche B Bonda") together with 280 "B" Redeemable Preference Shares
      1,850 words

  • THE achievers
    • 1221 20  -  Managing director Desmond Poh tells Chuang Peck Ming why wars, natural disasters and other unpleasant events are good for his business Chuang Peck Ming HERE'S one businessman who stands to gain from a US-Iraq war. Desmond Poh, managing director of Allandes Corporation, made tons
      CHRIS LOH  -  1,221 words
  • Page 20 Advertisements
    • 84 20 rt sa,: ftkOQiifiA; to|b|» v ftmSiL* bC&*-•?} W v American Express® Financial Services has everything from Unit Trusts to Line of Credit to Insurance, so you can plan for your future and have the freedom to live however you want. For more information, call 1800 226 2626 or visit www.americanexpress.com.sg
      84 words

  • SHIPPING TIMES
    • 262 21 Reuters THE Baltic Dry Index rose 31 points to 1,833, the Baltic Capes ize Index jumped 43 points to 2,502, the Baltic Panamax Index rose 21 points to 1,772 and the Baltic Handymax Index soared 239 points to 11,011. TXME-CHABTER: Lowlands Rose (built 1996) 171,039 dwt delivery Rotterdam
      Reuters  -  262 words
    • 266 21 Source: BRIDGE MX *000 mn <t m CWT Distribution 0.61 unch 0 Oman Hup 0.39 -0.02 1009 CH Offshora 0.18 -0.01 266 Cosco tnvvstmant—0.J9 unch 37 FralgM Links 0.03 -0.01 16 GB Holdings 0.58 unch 0 Jryt Holdings 0.28 unch 877 KappaiCorp 4.02 -0.08 1415 K1 Venture 0.14
      Source: BRIDGE  -  266 words
    • 306 21  -  Advisory warns against ftggjgting Iraq in deploying mines By] Donald Urquhart [SINGAPORE] The US Navy has warned the shipping community that sea lanes near the Persian Gulf may be mined by the Iraqi military or those sympathetic to it. The warning comes as
      AP  -  306 words
    • 279 21  -  Beth Jinks [SINGAPORE] Hong Kong's Orient Overseas International Line's (OOCL) 2002 results exceeded expectations, recording just a 16 per cent fall in its bottom line profit at US$5l.7 million (5590.5 million). This came despite chairman and chief executive C C Tung's August description of
      279 words
    • 136 21 AP [TAIPEI] Two mainland Chinese cargo ships collided near an outlying Taiwanese island, causing one vessel to sink and killing at least three of its crewmen, Taiwanese police said on Sunday. The Haugang 508 sank after colliding with the Runda 402 on
      AP; AFP  -  136 words
    • 501 21  -  By\ Donald Urquhart [SINGAPORE] A US Cus-toms-driven programme aimed at screening USbound containers and inspecting suspicious cargo in a bid to prevent terrorists from exploiting maritime transport, officially became operational here yesterday. Singapore is the ninth major port in the world, and the
      501 words
    • 291 21 Bloomberg [SINGAPORE] The world's tanker fleet is seeing boom times with limited ship supply and as war in Iraq looms large, allowing ship owners to raise prices. Their rates had already gone up in recent months as the threat of war neared
      Bloomberg  -  291 words
    • Article, Illustration
      379 21 APPOINTMENTS The Panama Canal Authority has appointed six new members to its advisory board. They come from business, transportation, academia and maritime shipping. The advisory board was founded in 1999 at the time of the transfer of the Canal to Panamanian administration, and it provides strategic counsel to
      379 words
    • JUNKED ships
      • 890 22 Bush administration seeks to send toxin-laden, discarded naval vessels abroad for dismantling LAT-WP US OFFICIALS have begun searching the globe for shipyards that would take and break down for disposal the "ghost fleet" the toxin-laden, discarded naval vessels now deteriorating on Virginia's James
        LAT-WP; CHUA CHIN HON  -  890 words
    • 116 22 PAGE BSA 6 B tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink 6 Del mas 4 Dongnama 3 ECL 3 FoongSun 5 Fujitrans 4 Gemartrans 4 Goodway 2 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4
      116 words
    • 9950 26 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vnwl Voyage Telephone SIN Dest'n Him* Htmt Humbtr Number SIM Dest'n Nim Name HumPer Nurw To ATLANTA (ATL) 2030 U. S. T« ABIDJAN (ABJ) 2003 Coto D'lvoire 24/03 K/M Hyundai MM API ENGLAND H7E 45+3)11(44 25/03 2S/M
      9,950 words
    • SHIPS IN PORT
      • 660 29 Vwwl Voy Mo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL ANABAS 2386E J15/16 A/SIDE 18/03 120 DAUIANG 303 J8 A/SIDE 18/03 230 GOUTA ***** J2 A/SIDE 18/03 140 HERMES 66 J5 A/SIDE 18/03 230 MARC0P0L092 01/03J J24 A/SIDE M8M SANDIDEWA 14 119 J3 A/SIDE 18/03 063 SUPERIOR 3L208 J
        660 words
      • 1676 29 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vend Out In Wi Berthing Ur> Bert* Nam* Voy Voy seq berthing Nmbr aoi bmoioiia ons otis i 2003/2003-0500 MwaoaB-isflo ACX RAFFLES 07SW 075N 1 *****003-0800 **********:30 T01 AEGEAN EXP 31N 31N 1 *****003-0600 *****003 1500 P03 AJUNADA M 06t 06E 1 MjBMPjMO
        1,676 words
      • 143 29 Martt Malta: Feast of St Joseph liar 21 Japan: Vernal Equinox Day Mar 25 Cyprus: Independence Day Greece: Independence Day Mar 2S Australia: Australia Day Mar 27 Australia: Aust Day Hold Mar 29 Taiwan: Youth Day Mar 31 Malta: Freedom Day Apr 5 Hong Kong: Ching Ming Fest
        143 words
      • 756 29 THIS report, compiled by Cockett Ma line Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are baaed on averagesized stem Market movements are indicated. The Cockett Bunker Price Index change and the
        756 words
      • 420 29 Cartas ISO Ma 990.2 03 M.9 0.07 S5 0.03 Hv 13 Omity Wrttf N*MM ASMIMMMI Mtawtf No Aon £25 0 0 0 0 0 0 rZZ 380 AM 9*4.7 0-2 143 0.05 19 0.02 In. 380 Ma 991.4 0.9 «J 0.07 64 0.05 M/M1 »H/» %H/M
        420 words
    • AIR & LAND transport
      • 706 30  -  CEO expects strong profit in FYO4 but small operating loss in cnrrent year By' Vince Chong FRESH from winning a string of international accolades, SriLankan Airlines aims to break even for the first time next year, while expecting a small operational loss for the year
        FILE PHOTO  -  706 words
      • 268 30 Reuters [SYDNEY] Sydney Airport, the busiest in Australia, said on Sunday it was on track to meet earnings targets this year despite the threat of less airline passenger numbers if war breaks out in Iraq. Sydney Airport Corp chief executive Max MooreWilton said
        Reuters; AFP  -  268 words
      • 235 30 AFP [HONG KONG] China Southern Airlines Co Ltd, one of China's largest airlines, said yesterday its 2002 net profit rose 69.2 per cent from the year before to 575.76 million yuan (Ssl22 million) on strong passenger and cargo growth. The airline
        AFP  -  235 words
      • 213 30 AFP [SYDNEY] Australian researchers began the first human tests yesterday of a diagnostic drug aimed at finding potentially fatal blood clots such as those suffered by long-haul airline passengers. The drug, ThromboView, is injected into veins and is designed to attach itself
        AFP  -  213 words
      • 205 30 AP [HONG KONG] Cathay Pacific Airways said yesterday it will watch out for passengers showing symptoms of a mystery illness that has killed nine people worldwide, and they will be refused check-in. Cathay said passengers would be referred for medical assessment
        AP  -  205 words
      • 258 30 Reuters (TEL AVIV] State-owned El A 1 Israel Airlines has cancelled some flights this month anticipating a 40 per cent drop in passenger traffic, the Ha'aretz daily said on Sunday, citing chief executive Amos Shapiro. "There is no market, at least not for
        Reuters  -  258 words
      • 1788 30 an fusm eta fucht no MM, iwff n* wwi «a ww4 ff<» aa> o<i (w0m sows wo ujh o«35 fire sou ous MT4 ouo caa i «IU7 1535 «J3t 2330 M W74I 1325 S0/VWI7t 1035 hw aw saflu www mo i—* tna w» wiw wb urn ltm w* kmcUm* LIMIT
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  • Page 21 Advertisements

  • Page 22 Advertisements
    • 439 22 1 NORTH AMERICA QULFIINDIA SUB-CONTINENT 1 Wiwwwm—l»ai "55a I WT 1 la sai l WL_ OOaKINBUNDS 43W00 17/U IS/OJ 26/03 CONTI MALAGA 111 04/03 01/03 10/03 11/13 OOaOKfTAJN S7WIO 12/03 30/03 01/04 PIO NHKIOTD DAMUM Off 12/03 13/03 14/03 13/03 I 00 0**™" PtONBUOTOOOBOANI 111 10/03 30/03 23/03 30/03 IABU
      439 words
    • 569 22 liwi wrvipß lywri by AjfijirA Main of#» R«gi*y of tejKj&jlf' Accredited Shipping Agenh, Stngopore Associcrton g LILY LINE MALE f rasa VOT tu EU EU juuK swtt mu Mold Comer 737 A 23/03 25/03 03/04 Princess Lily 0303 03/04 05/04 14/04 Mold Star 538 A 13/04 15/04 24/04 Empress Lily
      569 words
    • 5 22 Mamberjof ibe Singapore Logistics Association
      5 words

  • Page 23 Advertisements
    • 1022 23 Hinra I TO USA (SAX SKVKE) VESSEL VOT SM ETA lAX OAK DAI HOU CM COl MEM All NYC Aft HOLLAND llSt 19/03 03/04 07/04 00/04 01/04 00/04 00/04 00/04 11/04 11/04 Afl ENGLAND 1171 20/03 10/04 14/04 IS/04 IS/04 IS/04 IS/04 IS/04 11/04 lt/M API CANADA 1121 02/04 17/04
      1,022 words
    • 1654 23 ■—i—m BMECT CIUIO COLOMBO 4 DAYS WOW MKWKM 00 ***** UUS/OttS I&:M2OUS7/43 UJL MJMWI/lT~| SS?JBSJHL ,PH,,C m LTD Ss I bandar AIMS •12 DAYS mors obkl coNvsmonu mmsiso tmnii I tOSTM leana WW TE:I7-3S3»ltt HUfc >7-3SMI7t INTRODUCING:APPmONAL SERVICE TO REP SEA EVERY TUESDAY THURSDAY WILL BE TWICE CALLINGS TO JEDDAH,
      1,654 words

  • Page 24 Advertisements
    • 829 24 MMATHYUNDAI MERCHANT MARINE CO., LTD. Hißipiji: wwmimMjm Q MO. *****H000QH Iwaa WT I sn MM I UM ra I ant I nan I tv Ifyma voT|so«|ia|ra|ANT|itA«|OM "W HTNKMMSS 341W 10/0) 01/04 14/03 71/93 30/03 HTROOAI Mil M/OI 11/01 M/ 01 M/ 01 15/17 ATI BEUM IWW 13/ M 30/03 01/04
      829 words
    • 499 24 VVN\ WAN HAI LINES V TEL; *****588 FAX: *****163 INTRODUCING:NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN EVERY THURSDAY COMMENCING 20 MAR 2003 TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* THURSDAY CALL COMMENCING 20 MAR 2003 For molt details, call HOTLINE: *****388/1800-*****00 mm m m m
      499 words
    • 580 24 WEEKLY EXPRESS SAILING BCHHKILE ALSO ACCEPTING TO ALL NOWTHeW MID WOTBM ICC POMTI wa w" mi fjum aaamo mam www oiw \im hum BJM him nm iismsw aw 81m hmm nm nm aw bmbmok turn 31 mi 11 in mm mm nm muiww www vm mm nm nm nm m—o
      580 words

  • Page 25 Advertisements
    • 1143 25 IVtSSIL VOY KMH HKO UN PKL PX6 »*l PMAA MK M.V. UNDAVIA KL 303 IS/03 19/03 22/03 23/03 30/03 31/03 03/04 10/04 MAN KRMAN KL 304 25/03 26/03 29/03 30/03 07/04 OS/04 15/04 17/04 MAN ISFAHAN KL 305 01/04 02/04 05/04 06/04 13/04 14/04 20/04 22/04 MAN HOOMOZOAN KL 306
      1,143 words
    • 468 25 A KCM k UK CONTINENT SERVICE Loadngtor OCEAN ISLAND RDM/ATW/BMN/UK/NAN Loads Sngapors. ESN Mataysa. Indoneae .MIDDLE-EAST SERVICE Loading for ATHINA D6I/ABU/DOH/BRN/DMM/KWT ASEAN GLORY ADN/HDD/JDH/AQA V IPIROS HELLAS DBI/ABU/DOH/BRN/DMM/KWT "Loads Singapore, E7W Mataysa. Indonesia USA SERVICE Loadvigfor PAPAYIANNIS VCW/LAX/M2L YOU SHENG CAM/NFK/SAV/NOL •Loads E7W Malaysia. Indonesia F.E./S.E.A. SERVICES Spore Loackng tor
      468 words
    • 756 25 m. eh jssa m m i: BIZI !SZB 20/0 JKW ZZB 20/03 27/03 BM azu 71/W HtMMI UH M/M H/M MCOABM www 22/03 22/03 .EILIAU on »/M M/M rMMWH fun HZH »4/M mimi 31/03 03/04 MfMm Bin zszu M/M PAtOORM OflW It/03 77/03 g|* —v/u —azpH jaaa m 3HSS Sl5
      756 words

  • Page 26 Advertisements
    • 190 26 L^ KYQWALINE |v«l IWy I |k»>t| I»ilmhl|k—p—|>Mii Ajjr C226E" 22/03 03/04 09/04 10/04 Atir C226E** 22/03 15/04 25/04 27/04 ~*****~ A»jr C226E" ***** 21/04 01/05 ***** "***** PtrtmosSenotor 946E" 31/03 15/04 25/04 27/04 29/04 Potmo* Senator 946E" 3175? ~7T754 01/05 W55 64 /OS Potmos Senator 946 C" 3T753 17/04 ~2375T
      190 words
    • 92 26 Ijgn CWT GLOBEUNK PTE LTD W own offices in TEL *****833 (36 LINES) FAX:*****742 a SYDNEY MELBOURNE HNANG POUT KILANGMW» GUDANG KUCHING BANGKOK KAHACHI BOMBAY I NIW DELHI COLOMBOHO CHI MINH CITY HAIPHONG HANOI B*IMEN HAMBUHG TIANJIN-QINGDAO k SHANGHAI XIAMEN FUZHOUDALIAN XIAN BEIJING SHI MA ZHUANG I WEEKLY DIRECT GROUPAGE
      92 words
    • 260 26 BSA x MYANMA five star une mrmmm tMmd Um) LMfegfw Ym«M rasa vor m m rm km OMSNNINMr SOW SU> PAGAN V3OOW SU M BAUTSIA: OOUSTIAD SMPPM6 AGEMOfS ML 03-*****3 M P*L 03-*****101 fOk 04-7****** tg| BANK LINE (A wnrfu tt lu+rm Wok TUpplij) 1 NORTHBOUND TO EUKOPT" V CONUUNB,
      260 words



  • Page 29 Miscellaneous
    • 127 29 I FOR 7AM 18 Mar 2003 SSSSSSSSSBSSSSSSSSSSS >/ —~26~^ 10N > T" Y y V ft eq EEgSJE? ii jF Issued by Meteorological Service Division,NEA LEGEND: R Thunderstom Wind speed symbols Showers O Full circle w/o line indicates calm or light and variable winds Rain J— One half fleche represents
      127 words