The Business Times, 3 May 2001

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Total Pages: 44
1 44 The Business Times
  • 15 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: http://business-times.asial .com.sg/ SINGAPORE THURSDAY, MAY 3, 2001 850
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  • 76 1 sn 1,737J1 (+14.94) «3J» (+2.47) ST DTOEX FUTURES 1,732 (+27.00) SBSOIPUTTOES ***** (+6.00) STOCK MA1XET INDICES Wednesday Change KLSE COMP 611.42 +26.92 NIKKEI 225 14,425.46 +491.14 HANG SENG *****24 ***** SET INDEX ***** -1.11 JAKARTA COMP ***** +0.49 MANILA COMP _MS&88 +57.04 TAIPEI WPI M0424 -77.49 SEOUL COMP
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  • 76 1 FOREX BATES US* SI USS (SS per USS) 1-819 £(US$/S$ per 1.432 2.604 EUROfUSiSS/E) 0589 1.617 DM 1199 1109 YEN 1215 67.00 RM 1.800 1090 HKS 7.799 4J89 BAHT 4§.48 26.01 RUPIAH ***** 6,093 FUME BATES SINGAPORE* 5.80 KUALA LUMPUR 7.67 JAKARTA 39.00 BANGKOK 9.50 MANILA 11.00 HONGKONG 8.50
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  • 763 1  -  Measure also seen as relieving pressure onringgitpeg From Eddie Toh in Kuala Lumpur THE Malaysian government has finally dismantled the last barrier to the repatriation of stock market funds in a bid to woo foreign portfolio investments and help shore up one
    Source: Bloomberg  -  763 words
  • 184 1 600,000 berets made in China to be recalled, disposed of AFP [WASHINGTON] The Pentagon said on Tuesday that it would recall and dispose of more than 600,000 army berets because they were made in China. "The army chief of staff has determined that
    AFP  -  184 words
  • 920 1  -  Consumer spending a major factor that will make or break a recovery Fromi Vikram Khanna in Washington BACK in January, Fed chairman Alan Greenspan suggested in testimony to the US Congress that US economic growth was running at probably close to
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  • 382 1  -  P-liexclusive He's expected to be senior figure in consumer banking By Serena Ng laiiNom'UK&j nldmund Koh, the high-profile banking executive, has landed a job with DBS two months after his previous job hit a dead end when OCBC scrapped its standalone Internet
    FILE PHOTO  -  382 words
  • Page 1 Advertisements
    • 52 1 DfBIPE EXECUTIVE SUITE will keep the property consultancy lean, hungry and profitable. Sack Page Top stories S'pore, Indon navies step up patrols of piracy hot spots. Shipping Times Pgl Debt issues by 4 S'pore firms among Asia's best. Next Page BT Comment Recognising potential value of ST Kinetics. Pg4 8!
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    • 16 1 US market may be overvalued, but it's still the best place for an investor, Pg 18
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    • 57 1 OUE's Hainan Still a strong hotel scores in case for spy plane crisis leadership.com Page 3 Page 15 i i *T*7 I jjw y. IB i* JMF /> x rfjfr« < AHbaMK i The movement in 02-36, 65/737 64 51. Dickson shops: The Centrepoint, Suntec City Cortina Lucky Sincere Watch
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  • NEXT page
    • 468 2  -  i exclusive There could be a net inflow of foreign fonds into region this year, adds survey By\ Serena Ng [SINGAPORE] Global institutional investors have ranked debt issues by four Singapore companies among the best in Asia. In a survey published
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    • 600 2  -  Financial markets lukewarm, with JSI foiling after his speech Frotn Shoeb Kagda in Jakarta INDONESIAN President Abdurrahman Wahid stood his ground in a nationally televised speech yesterday, I)ut contrary to expectations, did not attack the House of Representatives (DPR) for censuring him
      AFP  -  600 words
    • ON THE grapevine
      • 112 2 ADVERTISERS have come up with what they think is a smart idea to stop consumers throwing junk mail in the bin. It's a personal touch to make prospective customers think a friend is recommending the product. In its latest drive to recruit subscribers, Trend tetter has sent
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      • 72 2 JP Morgan has come up with a quirky term to describe Singapore Inc's recent overseas forays. Its April markets outlook newsletter says Singapore suffers from an abundance of "distressed buyers" cash-rich firms that are desperate to make foreign acquisitions, even at rich premiums. The share price of
        72 words
      • 56 2 LAST weekend, BT ran an online poll after Junichiro Koizumi was elected prime minister of Japan. The poll said: The change in Japan's leadership will help turn the economy around. The readers' response was: Yes, the new PM will bring new ideas 38% No, previous leaders have
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      • 114 2 ADVERTISING agency Red Square has stolen a march on long-established Batey Ads famous for its Singapore Girl ads for Singapore Airlines by beating the latter's associate to a DBS Cards deal. Red Square, founded by former banker Chan Siew Ling and designer Jose Martinez just two
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  • Page 2 Advertisements
    • 478 2 KPMGSeminarSeries Banking Laws, Regulations Taxation Seminar Thursday Friday, 17 18 May 2001, Orchard Hotel Singapore What Compliance with banking laws and regulations should be a priority for all bank CEOs. With recent changes to various regulations, banks should ensure that their personnel understand the implications arising from these changes. It
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  • SINGAPORE companies
    • 693 3  -  Small caps surge about 50% over past two weeks, led by lonics, GES, PCI By Ven Sreenivasan PENNY stocks and secondliners have been running up on strong volumes since the middle of last week in what is described by some market
      693 words
    • 569 3  -  US delegation and world media heap praises on Hainan Mandarin Hotel By Loh Hui Yin WHILE the jury is still out on whether the US or China came out ahead in the Hainan spy plane incident, there was at least one clear
      FILE PHOTO  -  569 words
    • 275 3 Reuters THE Singapore-listed shares of China's Tianjin Zhongxin Pharmaceutical Group surged yesterday on talk of arbitrage opportunities as the firm plans to issue 40 million Chinese domestic A shares. Tianjin rose as much as 48 per cent before settling at 57 US cents
      Reuters  -  275 words
    • 654 4  -  The all-new, Singapore-designed vehicle is said to be unmatched by others in its class Reports by] David Boey THE Singapore Army received its first armoured supply vehicles billed as the world's most advanced all-terrain load carriers from Singapore Technologies Engineering (ST Engg)
      RICHARD CHNG  -  654 words
    • 212 4 SINGAPORE Technologies Engineering was so focused on meeting its customer's operational requirements that it apparently forgot to find a name for its All-Terrain Tracked Carrier or ATTC. So with the first ATTCs delivered to the Singapore Army yesterday, the Ministry of
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    • 695 4  -  lock siew david boey HOW does one value the earnings potential of Singapore Technologies Engineering's land systems arm, ST Kinetics (STK), when the company's most interesting (read: lucrative) contracts have been kept under wraps for so long? Behind the Metes Going by development histories
      695 words
    • COMPANY Briefs
      • 83 7 I-ONE.NET controlling shareholder K K Fong's stake in the company has been further reduced by forced-selling. DBS Bank said it force-sold 8 million of Mr Fong's I-One shares from April 24-26 at 9-9.5 cents each. The sale reduced his stake in the company to
        83 words
      • 72 7 SUPER Coffeemix Manufacturing said yesterday it has entered into a memorandum of understanding with K&J Holdings and GDA Marketing UK to form a joint marketing company for Super Coffeemix's products in the UK and Europe. The joint venture will be set up within three
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      • 34 7 SEMBCORP Marine has sold its entire interest of 1.04 million ordinary shares in wholly-owned subsidiary Sembawang Jurong Corrosion Control to an associate company, Jurong Clavon, for $1.35 million.
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      • 35 7 Reuters OAKWELL Engineering said yesterday it is in preliminary discussions with potential investors. Shares of the engineering design, fabrication and repair firm closed two cents higher at 16 cents yesterday.—Reuters
        Reuters  -  35 words
      • 40 7 AMARA Holdings said its main hotel and retail complex, the Amara Hotel Shopping Centre in Tanjong Pagar Road, has been valued at $290 million. The valuation was carried out by Knight Frank on March 23.
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    • 215 7 HOTEL Properties Limited (HPL) yesterday said it will wind up Elegant Hotels Pte Ltd (EH) as plans for the subsidiary have been scrapped. EH 70 per cent owned by HPL entered into an agreement to lease a property in Sydney last November with the
      215 words
    • 355 7  -  Sources say it's close to the 189-nnit Bonvests project's breakeven cost By Kalpana Rashiwala HENRY Ngo's listed Bonvests Holdings has priced The Trumps, a 99-year leasehold condominium next to Kembangan MRT Station, at an average $640 psf. Sources told BT the $640 psf
      355 words
    • 363 7  -  If approved, new scheme will result in tax perks for staff By Liew Hanqing MAINBOARD-LISTED GRP Ltd is seeking shareholders' approval to extend its employee option scheme to all its staff a move that will yield tax benefits for employees. Under
      363 words
    • 410 7  -  By Andrea Tan CAPITALAND deputy chairman Hsuan Owyang yesterday defended its president and chief executive Liew Mun Leong's pay and the massive jump in directors' fees paid out last year. At its maiden annual general meeting, some 100 shareholders turned up to decide on
      ARTHUR LEE  -  410 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 107 4 I Wherever there are complex transactions I Global issuers rely on Citibank I AES Corporation Cemex I US$l.67 Billion US$2.B Billion I For its acquisition of For its acquisition of I C. A La Electricidad Southdown Holdings I de Caracas I cmßAN<or cmßAN<or I Amemberofdtigrou|Sr Amemberofatigrou|jr I I s TS
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    • 86 4 jjPI" Basin Bali Undercounter Basin fl' K3) Head Office: 4 Changi South Lane, #07-01, Nan Wah Buikfing. Singapore *****7. Tel: *****11 Fax: (65) *****16 Showrooms: Nan Wah Building 4 Changi South Lane, #01 -02 Tel: 546 0847 Plaza Singapore :68 Orchard Rd., #05-12 Tel: 337 5312 IMM Building 2 Jurong
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  • Page 5 Advertisements
    • 168 5 NOKIA Connecting People Discover gold Experience a very personal pleasure with the Nokia 8850 The Gold Edition. Designed for the discerning individual, a work of art for one jSpSgL who appreciates the finer things in life. Elegant, sophisticated, specially crafted to complement a rank of luxury and excellence that can
      168 words

  • SINGAPORE markets
    • 330 6 Stocks Volume WahShing R 2.5c 27,539,000 GES Irrtl Ltd 20c 25,149,000 PacificCentufylOc 24,103,000 MediaRing 10c 19,584,000 PCI 25c 19,289,000 AddvalTech 2.5c 17,881,000 SingTel 15c 17,351,000 TianjinZhong 16,612,000 Frontline 5c 15,636,000 MMI Hldgs 10c 15,033,000 Stocks Chart Semiconductor 26c 80,311.000 VentureMfg25c 77,007,700 DBSGrp 58,188,300 Datacraft 10c 52,045,613 UOB 38,821,700 OCBC 31,888,170
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    • 604 6  -  I-I I comment STOCKS r. sivanithy WALL Street's continued rise seems to have restored confidence in equities region-wide and to have given fund managers the reason they were looking for to buy Singapore stocks. With the Hong Kong market shooting
      604 words
    • 155 6  -  WARRANT WATCH By] R Sivanithy It's heartening to see that the market has recently made a decent attempt at relating undervalued counters. For instance, this column featured the brand-new Strike Engineering warrant last week and pointed out that at 8.5 cents, it offered excellent value. Yesterday,
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    • 236 6  -  HOT STOCK By' Ven Sreenivasan SMALL-CAP counters on the Singapore bourse have enjoyed a strong rally in recent weeks. One of them is the stock of data storage components maker Lafe Technology, which closed half a cent higher at 21.5 cents yesterday, when
      236 words
    • 467 6 AFP [TOKYO] The yen rose against the dollar in thin Tokyo trade yesterday, underpinned by firm stock prices and continued expectations that Japan's new leadership would reform the economy, dealers said. The Japanese currency traded in Tokyo at 121.86-89 to the dollar at spm, up
      AFP  -  467 words
  • 2859 6 UNIT TRUSTS FUNDS Manager's prices (Ss):May 3 Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.787 0.828 Global Technology Fd!** 0.699 0.735 UK Blue Chip Fd!** 0.811 0.853 American Opport Fd 0.883 0.928 Cont Euro Eqty Fd!** 1.115 1.171 Japan EqtyFd!** 1.243 1.306 Asian Fixed Income Fd
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  • Page 6 Advertisements
    • 32 6 l|| EXECUTIVE SUITE S Get up-to-date on the property market, and look out for our new weekly legal matters column, interior decor, architecture and gardening stones. In The Business Times every Thursday.
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  • SINGAPORE news
    • 296 8  -  on the economy money supply By Serena Ng SINGAPORE'S money supply picked up in March, after seven months of year-on-year declines in the broadest aggregate of M 3, latest figures from the Monetary Authority of Singapore show. The broad aggregates of M 2 and
      Source: MAS  -  296 words
    • 596 8  -  Singapore exports growth seen at 5% this year, lowest among Asian tigers By Chuang Peck Ming ASIAN economies that rely on electronics exports will be hit hardest in the current economic slowdown, says the Asian Development Bank (ADB). And one of them, Singapore,
      596 words
    • 416 8 TO further liberalise Singapore's energy market and to allow more consumers to buy electricity at competitive prices, more businesses and industries will be able to choose their electricity retailers from the end of this year. These include high tension and extra high tension
      416 words
    • 362 8  -  Levy of op to $1,000 among fund-raising measures for redeveloping the clnb Reports by Trina Foo THE Singapore Chinese Swimming Club (CSC) may impose a building levy of up to $1,000 on its members to help raise money for an ambitious
      362 words
    • 145 8 NEW president Edwin Lee was chosen by the club's members in a closely fought election on April 29. He beat rival candidate Sam Goi Seng Hui by just 39 votes, or 4 per cent of the 839 votes cast. At a marathon 86th
      145 words
    • 179 8 It will move the headquarters of its automotive, controls groups to Singapore THE Economic Development Board has conferred operational headquarters (OHQ) status on US-based Johnson Controls, the world's No 2 maker of vehicle seats and interiors. "OHQ status is awarded to a select group of
      179 words
    • 137 9  -  7i rj I bag Soo Siew Keong, Keong, Press Secretary to Minister, Ministry of National Development I REFER to your report, "Govt's residential projections out soon: Mah" (BT, May 2). The report gave the misleading impression that the government will announce its medium to
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    • 84 9  -  Han Cheng Fong Deputy chairman/CEO Centrepoint Properties Ltd I REFER to your article, "Centrepoint to review business to boost ROE" (BT, May 1). In the article, it was highlighted that I made this statement: "The edge of Centrepoint, which if I'm not too modest to say, is we've
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    • 278 9  -  William Chu, Singapore, via Internet I REFER to the letter "MRT, HK's MTR not directly comparable: SMRT" by Goh Chee Kong, director, corporate communications, Singapore MRT Ltd (Mailbag, April 28). Mr Goh used the difference in population between HK and Singapore to justify why HK's
      278 words
    • 336 9  -  Tan Suan Mong, Singapore I REFER to the letter "Two ways to boost local spending" by Zheng Baoguang (Mailbag, April 20). The letter has merit. As a young professional, I have been monitoring the residential property market closely for many months now, and I
      336 words
    • 587 9 Govt letter to Malaysian paper rebuts blistering editorial attacking Singapore's FTAs IT IS "simply not true" that Singapore could become the "back door" for foreign goods to sneak into the Asean free-trade area (Afta), the Singapore government has said once again. In a
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  • Page 8 Advertisements
    • 1557 8 FOOD/ ENTERTAINMENT a* The Straits Times Classified. Icata| Classifications 5 36. Buy h. sd it fm it NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 Jgl SING LUN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the
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  • Page 9 Advertisements
    • 66 9 We welcome letters. E-mail us at btletter®sph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore*****s. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in mind
      66 words
    • 515 9 j Siemens SL4S Siemens S3si Dualband IbHMHHH Dualband zrT| $408 sinst"m $08 1 [?fj KB ID [Trade-in three-year plan) three-year plan) g M m. 50ff m SIEMENS l|M™ ||EB mobile phones Feel the difference f Sigii up with Sing Tel Mobile when you purchase the phone, and you stand a
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  • EDITORIAL & opinion
    • 816 10  -  bottom line OPINION robert samuelson The Washington Post Writers Group AT last count I was trailing way behind Bill Gates in life's wealth derby. His pay cheque is bigger, he owns more stock and he lives in a bigger house. None of this bothers
      The Washington Post Writers Group  -  816 words
    • 89 10 'Shiokawa who? We thought it was a mistake.' -KimihikoTomita a foreign exchange dealer, on hearing of the appointment of 79-year-old Masajuro Shiokawa as Japan's new finance minister. The failure to predict major slowdowns or contractions in activity has been a notable feature of forecasts of the US
      89 words
    • 637 10 EDITORIAL IT is strange that so many equity market professionals seem so unenthusiastic about the impending launch of sin-gle-stock futures contracts on the Singapore Exchange (SGX). In contrast to futures contracts on equity Indices, the new contracts will be on selected counters, presumably blue chips. The
      637 words
    • 1319 10  -  Once the toast of the town, Richard Li is now the Iratt of jokes, with his CyberWorks struggling to get ont of the doldrums By] Loh Hui Yin The writer is a BT senior correspondent CHAMPAGNE flowed freely the night Richard Li's
      AFP FILE PHOTO  -  1,319 words
    • 757 10  -  COMMENTARY And let-bygones-be-bygones will then triumph over crime-and-pnnishment By\ Paul Krugman The writer is a professor of economics at Princeton University THINGS are getting worse more slowly let's celebrate! That seemed to be the mood in the markets on Tuesday, after the National
      757 words

  • MALAYSIA news
    • 664 11  -  exclusive Re-pegging fears fuel demand for investment-linked insurance products Froml Diana Oon Abdullah in Kuala Lumpur WITH speculation of a re-peg-ging of the ringgit's exchange rate gaining momentum, more wealthy Malaysians have found a way to take their money out of the country
      AP  -  664 words
    • 415 11 KUALALUMPUR Bloomberg MALAYSIA'S trade surplus narrowed 40 per cent in March from a year ago, the biggest drop in almost a year, as electronics makers shipped fewer goods to US customers. The surplus shrank to RM4.2 billion (Ss2 billion) from RM7 billion a
      Bloomberg  -  415 words
    • MALAYSIA Briefs
      • 70 11 THE Securities Commission has approved Yeo Hiap Seng (Malaysia) Bhd's revised proposal to buy the manufacturing assets of its Singapore parent at a lower price due to the drop in its share price. YHS Malaysia will acquire the YHS Singapore's assets for RM74 million (5533.9
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      • 90 11 THE Kuala Lumpur Stock Exchange has extended the listing status of Malaysian Tobacco Company until the end of the month following its new deal to acquire satellite company from tycoon Ananda Krishnan in a reverse takeover last month. The listing status would have lapsed yesterday
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      • 68 11 Bloomberg [KUALA LUMPUR] Malaysian Pacific Industries Bhd said profit in the third quarter tumbled 55 per cent as demand for semiconductor goods shrank. Profit fell to RM35.4 million ringgit (5516.9 million), or 17.7 sen a share, in the three months ended March 31, from
        Bloomberg  -  68 words
      • 67 11 Reuters [KUALA LUMPUR] Malaysia reiterated yesterday that the ringgit peg of 3.8 units to a US dollar would remain and said the government was keeping an eye on regional currencies to ensurethe country's export competitiveness. Entrepreneur Development Minister Nazri Aziz, speaking on behalf of the
        Reuters  -  67 words
      • 55 11 AFP [KUALA LUMPUR] A former close aide to jailed politician Anwar Ibrahim was yesterday sentenced to 18 months in prison for giving false evidence for the defence during Anwar's 1999 corruption trial. Azmin Ali was convicted by a sessions court of committing the offence in
        AFP  -  55 words
    • 349 11 KUALALUMPUR AFP RUSSIA'S Aeroflot has become the fifth foreign carrier to halt services to Malaysia's main international airport since it opened in June 1998. Aeroflot's twice-weekly services to Kuala Lumpur International Airport (KLIA) stopped at the end of March, the
      AFP  -  349 words
    • 478 11  -  Analysts see move as bid to maintain market share From] Diana Oon Abdullah in Kuala Lumpur TELEKOM Malaysia yesterday slashed charges for its digital leased line services, in a move analysts said was aimed at maintaining its leading market share as
      478 words
    • 313 11 KUALA LUMPUR Bloomberg MALAYSIA will barter RMII billion (555.3 billion) of palm oil to China and India in return for construction of railway tracks in an effort to cut its stockpile of the commodity and boost prices. Malaysia will award RM6.B billion of
      Bloomberg  -  313 words
  • Page 11 Advertisements
    • 58 11 This announcement appears as a matter of record only. April 2001 L4JIEHU6A JO NASiONAL sfiuMD MP (*****6-W) RM1,000,000,000 ISLAMIC NOI"LS Jf. f 4 --i ISSUANCE FACILITY /s x, y/ t t i i < i i v-. < m k- *'(•'J *>" f. </:■ :> V;:,. ■"'l'.' <-§t*■! > 4
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  • REGIONAL news
    • 616 13  -  Govt's quelling of Estrada backers cited as key reason Prom Al Labita in Manila PHILIPPINE financial markets rejoiced yesterday over the government's quashing of an attempt by backers of jailed president Joseph Estrada to wrest power and allegedly set up a junta. The
      FILE PHOTO  -  616 words
    • 362 13 HONGKONG Reuters INVESTMENT banks are expected to push the Hong Kong government to favour institutional investors over local retail buyers in its estimated US$2 billion second tranche share issue for subway operator MTR Corp, market sources said. The investment bankers will meet
      Reuters  -  362 words
    • 302 13 BANGKOK New chief vows to cnt costs, perks as part of profit drive Bloomberg THAI Airways International's board appointed a legal and political academic its new chairman as part of an attempt by the government to revamp Asia's sixth-largest carrier and return
      Bloomberg  -  302 words
    • 171 13 JAKARTA Bloomberg INDONESIA'S trade surplus rose in March to its biggest in six months, boosted by exports of oil and gas, while inflation held steady in April near its highest in almost two years. The trade surplus widened to US$2.lB billion from February's
      Bloomberg  -  171 words
    • 164 13 JAKARTA AP INDONESIAN police have arrested a former government official for allegedly selling state secrets to foreign countries, a spokesman said yesterday. Soeripto was sacked in March as secretary-general of the forestry ministry after media reports said President Abdurrahman Wahid had accused him of
      AP  -  164 words
    • 722 13 JAKARTA Any Increase will upset foreign lenders and derail plan, agreed with IMF, to eradicate subsidies by 2003 Reuters TOO scared to raise fUel prices for the poor and trapped by the crumbling rupiah, Indonesia will have little choice but to
      Reuters  -  722 words
    • 308 13 JAKARTA Reuters AN Indonesian debt workout unit yesterday said it had facilitated a cumulative US$ll.B billion in corporate debt restructuring by the end of April, in line with a US$l2 billion target agreed with the IMF. But the Jakarta Initiative Task Force
      Reuters  -  308 words
    • 617 14 HONGKONG Hong Kong's strong fiscal position and its prudent policies will guarantee that, they say Reuters HONG KONG'S strong fiscal position and prudent financial policies should safeguard its 17-year-old peg to the US dollar even as fixed-ex-change rate systems elsewhere are being
      Reuters  -  617 words
    • 403 14  -  ASEAN ECONOMIC MINISTERS RETREAT Six established members to help 4 new entrants boost economies; officials Prom Harish Mehta in Siem Reap ASEAN is forging a comprehensive trade and investment strategy aimed at collectively countering the threat from China, while the grouping's six
      REUTERS  -  403 words
    • 255 14 TOKYO Reuters JAPAN and Malaysia are expected to announce details of a bilateral currency swap agreement next week, part of a planned Asia-wide currency safety net, Japanese Finance Ministry officials said yesterday. Agreement between the two countries would be a big
      Reuters  -  255 words
  • Page 13 Advertisements
    • 114 13 MOST BUSINESS IS WON OR LOST RIGHT HERE. The War Room. Where it all happens. The fact is, your company conference room says a lot about your company. And can often determine the impression you make on prospective clients. At BOSS Design, we understand the power of appearances. We currently
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  • Page 14 Advertisements
    • 256 14 f' > 4Mv > >*^ L_ ~**s* i- r v jl l y > rwM l in.i iiiiii k—II i mm n ~r si^p^^r^r^ Your systems may be efficient but are they able to meet the demands of e-commerce where speed is the pre-requisite for survival? At Progress Software, we
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    • 117 14 *200 SEND The easier way to get personalised stock updates. x TOCK EXCHANG' is > .■>/ Ir< f w? 2& v <1 a You can preset this service to receive updates of up to 18 preferred stocks. You can also access a 1 world of information through our free main
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  • e-NEWS
    • 711 15  -  I comment TECHNOLOGY Dotcoms are spiralling earthwards like pricked balloons. Is the Mew Economy Jnst so much hot air? kenneth james WHEN consultant and author Noel Tichy gave a seminar here recently on leadership and corporate transformation, he cited a Texas-based firm called Trilogy
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    • 267 15 CUPERTINO, California AP APPLE Computer Inc unveiled a new ißook laptop on Tuesday in a move it hopes will boost its fading share of the education market. "Some people have wondered if our commitment to education was as strong as it once was. I can
      AP; REUTERS  -  267 words
    • 435 15 LONDON Sale of Japan Telecom, Airtel stakes helps British Telecom slash debt Reuters, Bloomberg BRITISH Telecom wiped £4.4 billion (5511.5 billion) off its crushing debt load yesterday by selling stakes in Japan and Spain to rival Vodafone, which announced a record-breaking £3 billion share sale
      Reuters,; Bloomberg  -  435 words
    • e Briefs
      • 85 15 Reuters [ASHBURN, Virginia] Internet access provider PSINet Inc, which has warned it may go out of business or reorganise in bankruptcy, on Tuesday said it would default on U5536.7 million in interest, equipment and note payments. "The actions announced today will help preserve cash while
        Reuters  -  85 words
      • 83 15 Bloomberg [AMSTERDAM] Royal KPN NV, the largest Dutch phone company, expects first-quarter earnings before interest, taxes, depreciation and amortisation fell "slightly" because of price cuts and marketing costs. The company, in a preliminary earnings report, said sales rose about 20 per cent, boosted by
        Bloomberg  -  83 words
      • 73 15 Reuters [NEW YORK] Motorola Inc, the largest maker of set-top digital TV devices, said on Tuesday it struck a five-year licensing pact giving it access to technology that allows users to automatically record shows on their hard disks. The technology, which Motorola is licensing from
        Reuters  -  73 words
      • 69 15 Reuters [HOUSTON] Compaq Computer and Starbucks Coffee announced a joint project to provide high-speed wireless Internet access at Starbucks stores. Beginning this summer, some Starbucks customers will be able to surf the Net on their handheld or laptop computers while sipping coffee. And
        Reuters  -  69 words
    • 277 15 NEW YORK These aim to make it easier for small and mid-sized firms to manage networks Reuters INTERNATIONAL Business Machines Corp (IBM) on Tuesday unveiled new computers aimed at making it easier for small and mid-sized businesses to manage their networks.
      Reuters  -  277 words
    • 464 15 HONGKONG His stake in the Internet travel auctioneer is now worth U*****.6m Bloomberg HONG Kong billionaire Li Ka-shing, called "superman" in the Chineselanguage press for his investing prowess, has tripled the value of his investment in Priceline.com Inc in just 11 weeks. The
      Bloomberg  -  464 words
  • Page 15 Advertisements
    • 73 15 DREW NAPIER (1889-2001) 111 years of legal experience... ...now in a corporation for the future DREW NAPIER llc On 1 May 2001 the business and practice of the law firm of Drew Napier were transferred to DREW NAPIER LLC. DREW NAPIER LLC is a law corporation with limited liability formed
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  • REGIONAL news
    • 731 16 Job market saturated as India's IT professionals are being laid off, both at home and abroad AFP [BANGALORE] A month ago a multinational technology firm advertised 20 positions in India's IT capital of Bangalore and to its surprise found 6,000 software
      AFP; REUTERS FILE PHOTO  -  731 words
    • 352 16 HOUSTON Dabhol plant's row with govt over payment nnresolved Reuters ENRON Corp has no immediate plans to sell its stake in the troubled US$2.9 billion Dabhol power project in western India, the energy giant's chairman said on Tuesday. "We're not
      Reuters  -  352 words
    • 99 16 AFX [NEW DELHI] India has signed an agreement with South Africa to develop the African pharmaceutical industry with a focus on making available anti-Aids drugs at reasonable rates, a government statement quoted Health Minister C P Thakur as saying. The agreement will also help Indian drug
      AFX  -  99 words
    • 184 16 TAIPEI Bloomberg UNITED Microelectronics Corp (UMC) said it would move up the chip chain to begin manufacturing processors, the "brains" of computers, in an effort to offset falling prices of less sophisticated integrated circuits. "Processors would be the highest profit margin for us," said
      Bloomberg  -  184 words
  • Page 16 Advertisements
    • 133 16 projecteyeball. B WONDER" WOMAN PiKMUwt .IWCTJK ilflmm MIWI W SSI MM WEN WfIiJUS WW* MIUIIa MfUflll {u mwt UIHK ■iuvdisußM \mm --ffiiHUu 'jwMiww .amuwts IMIBIM 'MM maiiUtt Hlltf .nWBH M ;uatUßM amUSAiUS "IBM 99 R(A) IN CINEMAS IP MAY Superheroes, the fight between good and and a host really cool
      133 words

  • WORLD news
    • 512 17 NEW YORK Many are difficult to interpret, don't nse generally accepted principles and risk misleading investors AFX-Asia PROMINENT US corporate economists and the Securities and Exchange Commission are calling for stricter standards for corporate earnings news releases, which are often deemed increasingly
      AFX-Asia  -  512 words
    • 320 17 Govt officials deny being informed of such a move Reuters [TOKYO] Speculation that Bank of Japan (BOJ) governor Masaru Hayami plans to quit was put on ice yesterday, after government officials denied being informed of such a move and the finance minister said
      Reuters; AFP  -  320 words
    • 416 17 TOKYO Govt white paper urging companies to restructure will be released la ter this month Reuters JAPAN will shortly acknowledge that it has lost its economic primacy in Asia and that China in particular is a growing competitive threat, the Yomiuri Shimbun
      Reuters; JEN CHUA  -  416 words
    • 392 18 LONDON Last month's decline first since 1999; ECB seen as unlikely to lower rates Bloomberg, Reuters MANUFACTURING shrank in the euro zone's three largest economies last month for the first time since 1999. Both domestic and foreign demand weakened as slackening US growth is
      Bloomberg,; Reuters  -  392 words
    • 518 18 WASHINGTON Deal hinges on pact on spending levels for federal agencies NYT US House and Senate Republicans reached a tentative agreement on Tuesday to cut taxes by US$l.35 trillion over the next 11 years. The accord falls some US$25O billion short of President George
      NYT; FILE PHOTO  -  518 words
    • 225 18 Reuters, AP [WASHINGTON] US factory orders rose 1.8 per cent in March, driven by a massive gain in defence-related orders for shipbuilding and tanks, the government said yesterday in a report that showed weakness elsewhere in the factory sector. Factory
      Reuters,; AP  -  225 words
    • 601 18  -  US is still the best place for an investor, says IMF official From Vikram Khanna in Washington BY conventional measures, the US stock markets and particularly technology stocks may still be overvalued, but the times may not be conventional, according to Garry
      601 words
    • 361 18 Bloomberg [LONDON] HSBC Holdings pic, Europe's biggest bank by market value, is seeking investor approval to issue new shares worth as much as £17 billion (5544.4 billion), which may be used to finance acquisitions. The second-largest bank after Citigroup Inc will ask for approval-to
      Bloomberg  -  361 words
    • 217 18 m CHICAGO Reuters MCDONALD'S Corp, operator of the world's largest fast-food chain, on Tuesday said it revamped its senior management structure, expanding the role of two toplevel managers and promoting other company insiders to bolster its geographic regions. The changes come a day after the company
      Reuters  -  217 words
    • WORLD Watch
      • 77 18 Reuters [LONDON] Japanese investment bank Nomura has been named preferred bidder in the Meridien luxury hotel auction after submitting a bid of £1.85 billion (Ss4.B billion), sources close to the talks said yesterday. The bid by Nomura financier Guy Hands and head of its private
        Reuters  -  77 words
      • 87 18 Bloomberg [SYDNEY] Frank Cicutto, chief executive of National Australia Bank Ltd, cannot be sued for inducing a breach of contract as part of software developer John Maconochie's Assl billion (5546.9 billion) lawsuit against the nation's biggest bank, a judge ruled. Maconochie, through Market Holdings
        Bloomberg  -  87 words
      • 85 18 Reuters [NEW YORK] Shareholders of snack and soft drink giant PepsiCo and cereal maker Quaker Oats approved PepsiCo's plan to buy Quaker on Tuesday, paving the way for Pepsi to add Quaker's coveted Gatorade sports drink to its noncarbonated drinks lineup. The merger will create a global
        Reuters  -  85 words
      • 72 18 AP [DETROIT] Eager to unload its Hughes Electronics subsidiary, General Motors Corp's board of directors voted to authorise stepped-up talks with Rupert Murdoch's News Corp. News Corp wants Hughes' DirecTV satellite business because it would fill a major gap in the coverage area
        AP  -  72 words
      • 62 18 Bloomberg [LONDON] British American Tobacco, the second largest tobacco company, said it may open a factory in China, which has 300 million smokers, after declining US sales led to a 23 per cent drop in first-quarter profit. Net income before one-time items
        Bloomberg  -  62 words
      • 66 18 Bloomberg [BONN] Deutsche Post said 2000 earnings rose 48 per cent as Europe's largest mail carrier accelerated integration of companies outside its traditional letter-carrying business. Net income rose to 1.53 billion euros (552.5 billion), or 1.36 euros a year, from 1.03 billion euros, or
        Bloomberg  -  66 words
    • 886 20 WASHINGTON Posh to junk Anti-Ballistic Missile Treaty; vow to cat reliance on nuclear forces LAT—WP, AP US PRESIDENT George W Bush proposed on Tuesday that the United States plunge into the new world of missile defence, abandoning both the treaty on which the
      LAT—WP,; AP  -  886 words
    • 445 20 AFP (WASHINGTON] The Pentagon is developing a variety of sea, air and landbased systems to create a layered defence against ballistic missiles that is capable of protecting the 50 US states as well as US forces overseas. Best known and most controversial is the National
      AFP  -  445 words
    • 436 20 SAN FRANCISCO LAT-WP, AP CHINESE and US hackers escalated their cyber war on Tuesday, in a rising battle of online mischief triggered by the recent collision between a Chinese military jet and a US surveillance plane. Scores of websites were defaced on Monday
      LAT-WP,; AP  -  436 words
    • 585 20  -  Super 301 report also names several other countries From Leon Hadar in Washington THE Bush administration has warned Japan's new re-form-oriented government that it could face trade sanctions unless Tokyo removes existing barriers to American products. The threat was made as part
      585 words
  • Page 17 Advertisements
    • 174 17 Singapore and BASF together we bring out the best BASF is a transnational chemical company recognised globally as a developer The best efforts in training and development of innovative chemical products. BASF has earned this recognition as a result Ma(4 i;«,, -x i;*of its reputation as another developer that of
      174 words

  • Page 18 Advertisements
    • 115 18 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Pull nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      115 words
    • 190 18 CANTONESE... WITH A STROKE OF NOSTALGIC GENIUS If only mum and dad can tell you what Braised Chicken in "Foshan" Soya Paste Sauce (ft lLi ft tastes like, then you know you've missed the Cantonese dining splendours of the 70s! With a stroke of genius, Xin Cuisine Executive Chef Fok
      190 words

  • Page 19 Advertisements
    • 197 19 Nobody has more experience than Compaq deploying Microsoft® Windows® 2000 —except Microsoft itself. Bottom line? Compaq can deploy Windows 2000 more quickly and more efficiently than any other IT team in the business. INNOVATIVE PRODUCTS Compaq ProLiant™ is the reference server platform for Windows 2000. In fact, Compaq engineers helped
      197 words

  • Page 20 Advertisements
    • 253 20 B Rajah&Tann ASTHUBANDEHBEN U7 n xi Andereen Lesal Weil, vjotshai Manges Unraveling The Commercial Value Of The Life Sciences The Asia Pacific Seminar 2001 9 May 2001 'The potential growth in the life sciences industry is so undeniably huge, it is just a matter of which horse to back.' Dr
      253 words

  • Page 21 Advertisements
    • 164 21 ir^ To all customers of DBS Securities and milkers Ballas m/mm Vote of Confidence for Merger of Strengths On April 30,99.9% of Vickers Ballas shareholders at the Extraordinary General Meeting voted in favour for a merger to form DBS Vickers Securities. iPi With this vote of confidence, we are well
      164 words

  • FINANCE & commodities
    • 258 22  -  SGZ Derivatives Trading Report ST Indav/MSCI S*pore Index Wong Ann Chuen Refco (Singapore) Pte Ltd THE Singapore stock market climbed to a seven-week high yesterday, helped by Nasdaq's 2.5 per cent overnight gain. At the close, the benchmark Straits Times Index was 14.94 points
      258 words
    • 237 22  -  MSCI Taiwan Index Wong Ann Chuen Refco (Singapore) Pte Ltd TAIWAN stocks edged down yesterday, led by Via Technologies Inc falling on sluggish semiconductor demand. The MSCI Taiwan Stock Index lost 1.39 points, or 0.57 per cent, to close at 241.05 points. Turnover for
      237 words
    • 215 22 Reuters London THE euro fell to two-week lows against the yen and lost half a per cent against the dollar yesterday after data signalled a contraction in the euro-zone manufacturing sector. The Reuters Purchasing Managers' Index dipped below the critical 50 level in April for the first time
      Reuters  -  215 words
    • Article, Illustration
      1202 22 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmammmmmmmmrnmmmmmmmmmmmmmmmmimmmmmmmmmfmmmm wim »;r ,r w »—i;nam'wmn*u »i*b nrrHRBAMMOEOiSaATBi May 2 H$ C$ W [OT ffr f ti$ IrtfcBatlall Van Wen m W2$Nfci» Nto S$ Kwi Sfr NTS Baht torn* US$ Australia a7N 4213 0.584 1834 U43 4.054 ***** ***** 0.633 6.772 1975 1234 31.944 26.377 0.945 4.164 0.901 17.084 23.636
      1,202 words
    • 1858 22 SICOM FUTURES May 2 RUBBER (futures closing as at 5.30pm) RSS1 CONTRACTU cents/kg) Close Volume Open Month High Low Sttt (tonnes) Interest Jun 01 106.50 Jul 01 106.75 250 Aug 01 W7.25 250 Sep 01 108.75 250 RSS 3 CONTRACT (US cents/kg) Volume Open Month High Low Soft (tomes) Interest
      1,858 words
  • Page 22 Advertisements
    • 35 22 Who says putting your money behind foreign currency isn't safe? N M ROTHSCHILD SONS over 200 ye«r» of banking Tel: 65-535 9677 65-535 9100 Fax:6s-535 8713 Email: trcasury@rothschild.com.sg Website: www.nmrothschild.com.sg Call Rothschild Treasury Services today.
      35 words

  • STOCKS east asia
    • 2777 23 HONG KONG AFP H Hang Seng *428.20 HONG KONG share prices rose 3.2 per cent in post-holi-day trade yesterday following recent gains on Wall Street, dealers said. There was notable buying interest in hi-tech and telecom stocks after Nasdaq's rise in
      AFP  -  2,777 words
    • 2106 23 TOKYO Reuters QffikkaKS 482 TOKYO stocks ended mixed yesterday with investors locking in profits ahead of a four-day holiday following hefty rises in the previous session. But sentiment remained strong amid hopes that Japan's new prime minister will enact reforms and a growing view
      Reuters  -  2,106 words
    • 384 23 AFP jjjjWP Index -77.43 TAIWAN share prices closed 1.4 per cent lower yesterday as late selling wiped out earlier gains, dealers said. The Taiwan Stock Exchange Weighted Price Index fell 77.43 points to 5,304.24, on a turnover of NT574.67 billion. Decliners overwhelmed gainers 494 to 59, while 36 issues
      AFP  -  384 words
  • Page 23 Advertisements

  • STOCKS klse
    • 394 24 AFP H Composite Index *2112 MALAYSIAN shares soared 4.6 per cent yesterday following the government's decision to abolish the 10 per cent exit tax on portfolio profits, dealers said. The Kuala Lumpur Stock Exchange Composite Index ended up 26.92 points at 611.42.
      AFP  -  394 words
    • 9032 24 INDUSTRIALS 2001 Last Day Nat Cap High Lew Company lata 'OOP HigH Law P/t $mM 340 290 Ajinomoto 292 8* 118.4 45 24.5 Angkasa 33 3 47 33 30 48.7 342 282 Apollo Food Hlg 306 67 122.4 356 266 Ada Flla 279 1t2 185.8 3875 3225 BA7S0C 3500 25
      9,032 words
  • Page 24 Advertisements

  • SGX clob & regional stocks
    • 2662 25 BONDS A WARRANTS May2 It Mi tomj batn 1—1 Bn Lnlfcili MCm tar Mr una Hmi urn C—m, tab ««f- C000) l— La. -y, Ia8» M> (mm**** htm mi —hrnZ UW 40 0.5 s Acma W*****4...... 0.5 0.5 1 41.0 1 300 513 96.00 2 22 2.5 s AIITach W*****7
      2,662 words
    • 307 25 Reuters POMnDogitelDdei +&34 SEOUL'S Composite Index ended up 1.10 per cent, or 6.34 points, at 583.70 yesterday. Volume jumped to 593.3 million shares —Reuters M»1 Won A nam Saml 4705 -95 Brain T»ch 600 0 C antral Bank 170 0 Chail Comm ***** 4000 Dm Cu Bank 1430 -10
      Reuters  -  307 words
    • 285 25 AFP Composite Index *57.04 PHILIPPINE shares surged 4.1 per cent yesterday following President Gloria Arroyo's decisive action against rioting. The Philippine Stock Exchange Composite Index rose 57.04 points to 1,435.88. The turnover rose to 433 million shares worth 765 million pesos. —AFP May! Pesa root) Abacus Construction 0.64 0.04
      AFP  -  285 words
    • 276 25 AFP □NISE-40 -172 NEW Zealand stocks closed down 0.1 per cent yesterday. The NZSE-40 Capital Index was down 2.72 points at 2,106.35 on a light turnover of NZ$74 million. The focus was on Air New Zealand in the wake of an upheaval in the domestic and Australian aviation markets.
      AFP  -  276 words
    • 557 25 Reuters, AFP PAD Ordinaries *190 THE Australian All Ordinaries Index ended 0.08 per cent, or 2.9 points, up yesterday at 3,271.5. The SP/ASX 200 Index rose 1.9 points to 3,330.6. The All Industrials Index closed 1.2 points higher at 5,584.7 but the All Resources Index added 7.4 points to
      Reuters,; AFP  -  557 words
    • Article, Illustration
      738 25 Reuters □set Index -U1 PROFIT-TAKING by retail investors wiped out early gains on the Thai stock exchange yesterday after a brighter open cheered by gains on US markets. The Stock Exchange of Thailand Index ended down 0.37 per cent, or 1.11 points, at 299.52 after hitting an intraday high
      Reuters  -  738 words
    • Article, Illustration
      725 25 AFP QCompotitehdtx ♦0.48 INDONESIAN share prices closed slightly firmer yesterday, but off their highs, after a televised speech by President Abdurrahman Wahid failed to ease political uncertainty, dealers said. The Composite Index closed up 0.49 point, or 0.14 per cent, at 362.72 on a volume of 539.3 million shares
      AFP  -  725 words
  • Page 25 Advertisements

  • 8080 26 SOZMAIHBOARP Or Gr MM SUM last Vol Day UrtQwto Dk Db M M Cm Av« Mtj» Low Cow—y Solo W- rWO) HI0i Low Bayer Seter Cwr HI >3 PHce MULTHNDUS1HY 153 39.5 cAcma50c 49 cd +2 500 50 47.5 48.5 49 0.5 19.9 0.5 12.9 IS 48 41
    8,080 words
  • Page 26 Advertisements
    • 52 26 Jfcg /Jnflßj^HjyW^Kjm MmMJ Le maitre de I'horlogerie depuis 1875 .>. fine watches Regional Agent, Showroom a Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. SOI Orchard Road #03-10/1! Wheelock Place Singapore 2 *****. Tel: 238 6678 Fax: 238 6676. .Ng« Ann City Tel: 737 4593 internet: http://www.audemarspiguet.com Suntec City Mall Tel:
      52 words

  • Page 27 Advertisements
    • 219 27 Where to wine, dine and entertain...^<olfc- Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: $27.80 (Adult), 40% discount (Child) Dinner: $28.80 (Adult), 40% discount (Child) For reservations, please call 290 8005/299 9011. Prices subject to service charge govt, taxes including
      219 words
    • 144 27 PI C K O F THE ORCHARD i l U high tea AT NEW HEIGHTS l«$ Enjoy international favourites in a high-tea buffet at Top of the 'M' Revolving Restaurant. Every Saturday, Sunday Public Holiday Revolvinf I I Reservations: 831-6258/88 39th floor I nt Mandarin UU Singapore JBBL sfwxiO/s' l^-^
      144 words
  • Page 27 Miscellaneous
    • 771 27 i|Ui,t^ia■ Oakil Millionaire. 1240 MN TV Media Home sharraf. (M AM ifiHc Pont™ A 1« 9,00 Anita Speak of The Shopping. 830 Business Tonight. H 800 Centra!: Alle- Diva. 0.00 CNA Tonight oin RrtaiJnwi»;„«« .H2 Ne w s5Tonight. 9.30 Search World's Best ,®*3® Ninis Tree House. 1(MN) The Practice. «.oo
      771 words
    • 298 27 CRYPTIC CROSSWORD ACROSS (6) 6 Winged messenger (7-6) 5 A steep change in Spanish cur--8 Collide with end of bridge? A rency (6) bad one miaht (R) 6 What 1 would have done, were I 9 (8) i n r r (7 6) 10 Number sent back to bed (3)
      298 words

  • New Asia Biz Woman
    • 751 28  -  A US group of successful women, many of whom are tapped for high-level jobs in the Bush administration, are challenging feminist views with a laissez-faire brand of conservatism. RICHARD MORDf and CLAUDIA DHAMD find out more RICHARD MORIN,CLAUDIA DEANE [WASHINGTON] A LOOSE association of successful, politically
      FILE PHOTO  -  751 words
  • Page 28 Advertisements
    • 2904 28 [NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 I OEASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) East Gate NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at No. 20, Tampines Street 92, Singapore
      2,904 words

  • PROPERTY
    • 1454 29  -  Looking for a residential property? ***** CHOON FAH offers some tips for those looking for their dream home ONG CHOON FAH The writer is executive director of DTZ Debenham Tie Leung BUYING a private residential property is probably one of the most important
      FILE PHOTO  -  1,454 words
    • 980 29  -  t'Vi design By Marissa Chew COURTS Singapore has brought in a new range of furniture for children and teenagers a market it says retailers here have not explored. The Tots and Teens range, introduced three months ago, includes childsize tables and chairs and wardrobes,
      980 words
    • 764 30  -  It** :^Tog But now there are only a couple of these Trumpet Trees left in the estate to lay their beautiful floral carpet on the ground By Thien We miss "Cherry Blossom-time" in our neighbourhood. This would be. around March or early April (like springtime in
      PHOTOS BY THIEN  -  764 words
    • 1040 31  -  B flsfflflslsil J management Effective communication and teamwork will enable the MC and MA to run an estate efficiently, says JORDAN MEO JORDAN NEO The writer is managing director of Knight Frank Estate Management Pte Ltd. He is also a member of the Singapore Institute
      1,040 words
    • 520 31 DEVELOPER/OWNER DISTRICT LOCATION SIZE TOTAL UNITS NO. OF PRICE TENURE (sq ft) LAUNCHED UNITS SOLD psf) Abode at Devonshire TTHDevt 9 Devonshire Rd 1,012-2,756 26 4 1,288 FH No 1 Holt Rd RiyanPteLfd 10 HottRd 1,561-3,197 40 na 1,100 FH Holt Residences Centrepoint Prop 10 Holt
      520 words
  • Page 29 Advertisements
    • 61 29 PRIME FREEHOLD CONDOMINIUM SITE OFF NEWTON RD FOR SALE BY PRIVATE TREATY Land Area 75,950 sqft Plot Ratio 2.8 Height 36 storeys Distance to MRT 10 mins walk to Novena MKT INVESTMENT SALES HMIHjH Knight *<9 Dfflßfl Frank iMI David Ng *****16 Dr Amy Khor *****18 Dennis Yeo *****88 WooAi
      61 words
    • 62 29 For Sale By Private Treaty FREEHOLD INDUSTRIAL SITE AT TAGORE LANE Location Strategically situated at the junction of Tagore Drive and Tagore Lane, off Upper Thomson Road. Near to Tagore Industrial Building and The NTUC distribution Centre. Land Area 5,156.8 sq m (approximately 55,508 sq ft) Zoning Light Industry with
      62 words
    • 59 29 INVESTMENT^^^^^MipgBpMM FOR SALE BY TENDER 11 freehold bungalow plots at 200 208 Jervois Rd Jervois Tanglin GCB area Elevated with commanding views of surrounding greenery Plots starting from 15,069 sft to 22,604 sft Either single multiple plots or enbloc Tender Closing: 4pm Wed 23 May 2001 For further information, please
      59 words
    • 44 29 —FORSALE Single-sty factory cum 4-sty office Factory Ceiling Height :11m •Land Approx. 47,278 sq ft •Built-in Approx. 49,364 sq ft •JTC Lease Bal 37 years 5 minutes to CBD For Enquiries, contact Joint Marketing Agents Knight V+ lEEPebenhamg Frank H S 228 6894 KSEEZIM
      44 words

  • 2138 30 Property transactions for selected districts lodged between Feb 2&and Apr 30. PROJECT NAME/ PROP CONTRACT TENURE BULT-W PRKE PSF STREET NAME TYPE DATE LAND AREA* (SOFT) (SJ-OOO) <SS) District 09 AaCte ffl lii 760 494 Air View Twr Apt 20/03/2001 FH 1496 815 545 AirviewTwr Apt 07/03/2001 FH 1496
    2,138 words

  • Page 31 Advertisements
    • 199 31 I CiooodW WuiGuang\ <X \"°\2v < %S? Bk#9 V\ M r 1 The Besco X'lV/ IN vr\ BWg --->0 A \OJ\Ferain» JTC A \<J>\ *5?— tndu»«rt«l E»t»t» H \>l Citipoint 9 r" I I |n d Comp4ex IT T) —-~~"1 Neighbourhood X^A I 1 1 —~~jo' I —n°\p^iC^ \>\i v
      199 words
    • 160 31 ROYAL HIBISCUS HOTEL For Sale by Tender (Liquidators' Sale) Address 44 Lorong 6 Geylang Description An 8-storey 56-room hotel Land Area 346.1 sqm or 3,725 sqft appro*. Gross Floor Area 1,139.53 sqm or 12,266 sqft approx. Tenure Freehold Zoning Residential/Institutional with plot ratio of 2.8 (1998 Masterplan) Carparking 5 lots
      160 words
    • 193 31 Prestigious Office Outside CBD for Lease Novena Square '9,616 sf Shell House 9,774 sf I«* The Gateway 12,000 sf Prime Strata-Offtce For Sale Suntec Tower One 3,500 3,900 7,400 sf Suntec Tower Two 2,350 sf Sole Agent: HHHNBn 531 ***** 531 8666 PRIME INDUSTRIAL BUILDING IN SENOKO Description A 10
      193 words

  • EXECUTIVE Suite
    • 1132 32  -  kalpama rashxwala talks to CB Richard Ellis' MD, Willy Shee, on how he will keep the agency lean, hungry and profitable KALPANA RASHIWALA JOB cuts during bad times is an easy way out for any CEO to preserve the bottom line, but Willy Shee does
      1,132 words
  • Page 32 Advertisements
    • 176 32 Improve ties with your MA pg 31 It's back to basics for home buyers Pg29 licttcr Sleep Through Science. MMMONS Mil I HI- V I I I'll I! I' 1(1(1 l(. I, lln U «-1,, i» I ..a. r MM.,,;, I, v it ,i V Sleep in a Zen 2
      176 words

  • SHIPPING TIMES
    • 294 33 Reuters THE Baltic Dry Index (BDI) fell six points to 1,453, the Baltic Panamax Index (BPI) lost five points to 1,493, the Baltic Handymax Index (BHI) dropped 27 points to 9,441 and the Baltic Capesize Index (BCI) was down 10 points to 1,817. TIME-CHARTER: ♦Great Lady (built 1992)
      Reuters  -  294 words
    • 304 33 sax 'ooo my» n w CWT Distribution 0.55 0.03 06 Chuan Hup 0.31 0.01 658 Cosco Investment—0.19 0.01 405 Freight Links 0.09 0.01 588 GB Holdings 0.40 0.01 50 IMC Hoklings-HK 5.60 unch 0 Jaya Holdings 0.15 0.01 209 KeppelCorp 3.14 unch 2601 KeppelFELS 0.92 -0.01 526 Keppel
      304 words
    • 422 33  -  Joint patrols by two countries may start within months By) Beth Jinks [SINGAPORE] The Singapore and Indonesia Navies have intensified patrols in territorial and international waters in response to piracy movement fears. The Shipping Times understands the armed forces have
      AFP  -  422 words
    • 119 33 [LONDON] French classification society Bureau Veritas saw its net profits jump by 47.5 per cent to US$47 million (5584.6 million) last year on the back of a 17.7 per cent rise in turnover to U*****.3 million. The company's marine business accounted for US$l23 million
      119 words
    • 72 33 [CALCUTTA] A Panamanian cargo ship that was hijacked last week berths at a jetty in the eastern Indian city of Calcutta. Police said the Jubilee, with 23 people aboard and carrying 4,4B2tonnes of logs from Yangon to Calcutta, was hijacked by more than
      REUTERS  -  72 words
    • 662 33  -  Optional extensions for certain ships also included in legislation From. David Hughes in London THE International Maritime Organisation (IMO) has set the seal on a firm agreement on the accelerated phase out of single hull tankers. The new form
      662 words
    • 437 33  -  First of two coastal chemical product tankers with innovative design to be delivered by December By Donald Urquhart [SINGAPORE] International tanker shipping company, Concordia Maritime, fresh from taking.delivery of the first of two new revolutionary VLCC tankers from Hyundai Heavy Industries,
      437 words
    • FRANKFURT airport
    • 176 34 PACE Appenship 5 Assets 5 Austral 6 BSA 7 B'tanq Mas 6 CCNI 7 CMACGM 3 COSCO 3 CSAV 3 II Central Ex 6 Cho Yang 5 China Shpg S V Cougar 7 II CWT Globelink 7 Delmas 4 Djaklioyd 6 Dongnama 3 Eastrans 6 ECL 4
      176 words
    • 15360 40 THEBUSINESSTIMES THEBUSINESSTIMES Pages EXPORT THURSDAY, MAY 3, 200 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 15/05 19/06 Delmas VILLE DE TANYA T43W 65-*****44 16/05 01/07 COSCO EMPRESS DRAGON 0109W 65-*****00 22/05 26/06 Delmas VILL DE TAURUS A43W
      15,360 words
    • SHIPS IN PORT
      • 769 43 Vessel Voy Mo Berth Arrival Departure Bt Anu Mulia ***** 'jOI 02/05/8:15 02/05/204)0 Txjd Roda 385 J23 02/05/7:JO 04/05/64)0 Winstar 1 049S01 J03 02/05/7:30 02/05/214)0 Gun Hong 8 G***** J03 02/05/7:15 02/05/224)0 BayswaterllB M1108 J02 02/05/855 02/05/16:00 Royal Freigh 80 J02 02/05/9:45 02/05/17.30 Elm* 2 3210 J02 02/05/1030
        769 words
      • 1933 43 RECEIYWC OF EXPOtT FCL CONTAINERS AND LCI CAItOO |M(im<|gwi RsttS Ship Voy Mo Etb/Btr Nrtod Frew To Fr— ACHIEVER 401 3/20*0 OVB0 01/1659 MO 2A 01/1700 02/0659 02/0900 K 0VT700 02/0*59 02/0900 02/0700 02/1159 02/Vt00 4 01/11(0 02/1459 02/1700 ACXSEAGUU 0140 4/10*0 01/1500 OVB0 MO I* 01/1700 02/990
        1,933 words
      • 172 43 May 3 Japan: Constitution Day MayS Japan: Children Day Thailand: Coronation Day Netherlands Liberation South Korea: Children Day May® Thailand: Chakri Day May 7 Malaysia: Vesak Day Singapore: Vesak Day Thailand: Vesak Day Indonesia: Vesak Day Hay 8 France: Victoria Day Kay 11 Denmark: General Prayer Day May
        172 words
      • 781 43 THIS report, compiled by Cockett Marine 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 Individual
        781 words
      • 515 43 CartM 180 Mu 991.0 0.5 13.3 0.07 26 0.03 Apr 26 Density Water RmMm Ask Ahwlwlw iidnit No abow E25 0 0 0 0 0 0 %H H 380 A«c 964.0 0J 12.5 0.07 24 0.02 Ezna 380 Mu 990.7 11 15 J 0.11 67 0.03
        515 words
    • AIR & LAND transport
      • 606 44 Air NZ unit has As6oom cash to spend on regaining market share Bloomberg [SYDNEY] Air New Zealand Ltd's Ansett unit said it may compete with Qantas Airways Ltd to buy unprofitable Impulse Airlines, one of two discount carriers that sparked a price
        Bloomberg; REUTERS  -  606 words
      • 320 44 Number of int'l passengers continues to rise Bloomberg [TOKYO] Fewer Japanese travelled on domestic flights in February while the number of passengers on scheduled international air routes rose for the 27th straight month, according to government data. Monthly domestic passenger numbers showed their first on-year
        Bloomberg  -  320 words
      • 376 44 Its transportation, permitting process most improve: Condi t AP [SEATTLE] Seattle needs to be friendlier to business, Boeing Co chairman Phil Condit said in some of his harshest criticism of the city since announcing Boeing's decision to move its corporate headquarters. Speaking
        AP; REUTERS  -  376 words
      • 167 44 Bloomberg [SEATTLE] Boeing Co, the biggest planemaker, won an order from International Lease Finance Corp for five 747-400 freighter airplanes valued at US$l billion (Ssl.B billion). The Los Angeles-based leasing company, a unit of American International Group Inc, will get the first plane
        Bloomberg  -  167 words
      • 2219 44 city man em am no MM 6*7361 1930 6*7362 2055 WW WD Wt W taster** SOUT 0705 G*978 0130 KU37 HS5 K1638 2255 1024 2335 Mmm ***** OHO SDMI 2255 Aaddmi ****** 2045 ****** 2045 ***** 206 low 2048 M«0i tn40 0935 OSWIOhmm MK643 0020 SOW
        2,219 words
      • 41 44 [MONTREAL] Bombardier celebrated its 10th anniversary of the CRJ airliner with the unveiling of the 500 th CRJ aircraft in Montreal. The aircraft is to be delivered to Atlantic Coast Airlines (ACA) in Sterling, Virginia. REUTERS
        REUTERS  -  41 words
      • 148 44 board," the spokesperson said. AFX Asia [BANGKOK] Hundreds of aviation industry employees rallied outside Thai Airways International's Bangkok headquarters to protest against the company's new board of directors, an airline spokesman said. Deputy Transportation and Communication Minister Pracha Maleenond, who chaired a meeting of the
        board," the spokesperson said. — AFX Asia  -  148 words
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    • 197 34 Keep in Touch When you need answers fast: Whatever, wherever and whenever you ship between Australia, New Zealand, Asia, Middle East, Europe and North America, you're always in touch with NYK with Real-Time Shipping Information (global home page) www.nykline.com 9 jTSiB. 188 SENLIM AGENCIES PTE. LTD. 133, New Bridge Road,
      197 words
    • 593 34 OLPENPORFF INnOT R A N S HEAVY-LIFT SPECIALIST TO US I GULF Turn To Ctey to JPN, TWN, HKG. PHI iAccepfrng KU >o Combod»/(^/S«^^ OUWOUMD Nor! jplwaipouf «n| pko|k>u|iw«.|»«p| ic.|icw»|o>a| ttolyokl twc smz| woolukb" taVOM. 0141 MM _MflS ONE ISO. 15jQ5 HPS WWan ««_OUB m. oy*. w-os ius 110s ujs
      593 words
    • 188 34 nes s fv ces represented by (o Members of the Registry of Members of the fclSjSil/ Accredited Shipping Agents, Sin 9 a P° re Lo 9 is,ics Singapore Shipping Association Association .9 g ULY UNI MAIS I vessel Tvoy Tlw ["eta eta P. RUNG SPORE MALI Princess Lily VO4Ol 16/05
      188 words

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    • 1228 35 SAX SERVKE (DIRECT) VESSEL VOY SIN ETA LAX OAK DAL HOU CHI COL MEM All NYC API SARDONYX 026E 17/01 01/02 OS/02 05/02 OS/02 OS/02 05/02 05/02 06/02 06/02 API TURQUOISE 040E 24/01 00/02 12/02 12/02 12/02 12/02 12/02 12/02 13/02 13/02 API JADE 026 E. 01/02 15/02 19/02 19/02
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    • 2040 35 TO AMN T/TllO MVS 1 JEDiAH T/T: 12 MVS I W MAM I T/T 115 MVS I GENERAL AGENTS IN SMGAPORE: SO ROMNSON KO #12-00 SAIiS/RXGS TEL *****57/43 FAX: *****21/71 mm PASIR GUDANG TEL 07-*****66 FAX: 07-*****70 rACTiI SHIPPINfi PTE ITU SINGAPORE *****0 OUTWARD (B/L) *****02 *****25/75 PORT KIANG 03-*****633
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    • 1372 36 C SENATOR LINES miinMic m ifIMMC utf CCA IV KWHwPE IV NHHJW® 50A «ssa vot aw um rim m ham wv m Ivksb vot sm «u w» jb PBUMG SBUTOt OOI7W 24.04 11.05 1105 14.05 15.05 14.95 17.05 kSM 0014W 1104 05-05 0105 IUS 1105 HAJUN SAVANNAH OOOIW 27.04 19.05
      1,372 words
    • 889 36 I~IV/Y~ J cwmonswenewee 3WJ:(O6«)Siei7» MAffILA: (632) *****24 W PB4ANQ: (04) *****36 BANGKOK: (062) *****87 SURABAYA: (31) *****11 P. KELANCfc (03} MBJB3I JKEgI) *****46 KUOBM6 (082) *****1-3 SHANGHAI I MV "AL MARIYAH" V.016 ETA SIN 09/05/2001 (Abo accepting to MULIAN, FAISALABAD, SIAIXOT, RAWALPINDI, PESHAWAR, ISLAMA6AD) BOOKINGS PLS CALL 220 2022 (40
      889 words
    • 502 36 EXPRESS CONTAINER FEEDER FOR INDIAN PORTS FOR N.SHEVA (CFS MULUNO, MUMSAI) COCHIN COLOMBO ALSO ACCEPTING TO ALL NORTHERN AND WESTERN 1.C.0. POINTS Vessel VOY S PORE N SHEVA COCHIN COLOMBO PIC LANG FRONTIER 109W 06 MAY 15 MAY 1S MAY 21 MAY 2S MAY PU GLORY 109W 13 MAY 22
      502 words

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    • 1638 37 I VESSEL VOY KHH HKG SIN I PKL DXB NAB PMM BBC IRAN ISFAHAN PCL-205 01/05 02/05 05/05 06/05 13/05 14/05 16/05 18/05 IRAN HORMOZGAN PCL-206 08/05 09/05 12/05 13/05 20/05 21/05 23/05 25/05 IRAN TEHRAN PCL-207 15/05 16/05 19/05 20/05 27/05 28/05 30/05 01/06 IRAN TABATABAEI PCL-208 22/05 23/05
      1,638 words
    • 345 37 GOOD FRIDAY RDM/ATW/BMN/UK I OCEAN RANGER RDM/ATW/BMNAJK I Loads Singapore, E7W. Malaysia. Indonesia _J I m Loading tot PAULX JDfVAQA/DMT SOOTHER STAR 1 JDH/AQA RAINIER DBI/ABIVDOH/BRN/DMM/KWT PIONEER SUN DBI/ABU/DOH/BRN/DMM/KWT EFFYN JDH/AQA/DMT SEA RENOWN HOO/JDH/AQA toads Singapore, E7W. Malaysia Indonesia I Loading for 1 NATS EMPEROR CAM/NFK/SAV/NOL I HANJIN TAMPA VCW/LAX/MZL
      345 words
    • 1416 37 i i EUROPK EXPRESS SERVICE EXPORT I IMPORT 55 vnr mi itH btm urn hjm tm fuT vtssa YOT SIM HAM M UH SB_ nnr»"-wflwafeg-ggias-mmass- m -mmm. tljFjfpllFMl !i«-SS 8 W -RB-W8 -»S EXPORT HJAMSIfIPmiMmWStOUnHHH IVDI/MOI/SHJGBBE'ItOOIK EIHHHIVDI/M0 IMPORT"IIJWimWGTDIIWtttOUTMHtt(B/I?CSOSTAOWDHIKITTBtMtffIITWEttHKB/» yissa IVOT M fm oaa [*55»555 *nna VKSE YOT lg« I OAK
      1,416 words

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    • 1338 38 ARABIAN PWSMN OULF/MDIAN SUB CONIMWT MRVKi WOKt VESSEL VOYAGE SGP CMS DUB DMN KM NXV AKM JED AQB ZHUANG HE 0166W 04/05 15/05 17/D5 21/05 COSCO REDSCA 0004-037W 06/05 11/05 17/05 19/05 21/05 UNI PROMOTE 0664-004W 08/05 12/05 18/05 19/05 25/05 BUX CROWN 0798-002W 10/05 15/05 HSHKUSU 0009W 11/05 22/05
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    • 832 38 VBsa VOT SI IB I Iff LO» VBSa VOT SM IT fl naotaihum os/os m/os I oi/os habihum 430s os/ds M/os IHUM" 3»sw 04/05 W/OS 10/05 M*; 014 04/D3 MS 10/05 moo Oltt 07/0S 11/05 I 11/0S !i3 M/ 05 12/05 UNI (HUM ?08N 01/05 12/05 SfiZ !M5 12ZSJ IE
      832 words
    • 550 38 INDONESIA NATIONAL LINE TO AUSTRALIA "1 FULL COMBINER SERVICE va _wr wg aw m i std m w w m mwotr 37S 17/05 01/05 14/05 »/05 12/05 75/05 raiSMM ~m 14/0515/05 75/05 77/05 79/05 01/06 NWPWPI OtS 11/05 77/05 71/05 ~03/06 05/06 08/06 nmUBMU 395 a/05 79/05 06/06 10/06 17/06
      550 words

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    • 427 39 BSfl a. mm MYANMA vflßßk FIVE STAR LINE W (Myanmor National Line) Loading for Yangon VESSEL VOY SIN PKL PEN TGU (AGO 118W SU> MONG LA 45W SID MALAYSIA AGENTS: IOUSTEAO SHIPPING AGENCIES Kill: TEL 03-*****300 PKL TEL 03-*****101 PEN: 1U 04-*****02 PGU: HI 07-*****21/4 BANK LINE (A service of
      427 words
    • 1278 39 HYUNDAI MERCHANT MARINE CO., LTD. [VESSEL VOY ISM I SOU I IB! I RTM I ANT I HAM IWV [VESSa I VOY I SOU I IB! I KIM I ANT I HAM IWV I9H I API CORAL 021W 04/05 25/05 26/05 20/05 22/05 APIPIARL 0211 17/04 11/04 12/04 14/04 05/05
      1,278 words
    • 972 39 Wtar WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CAR RORO HEAVYLIFT SERVICE" [VtSSa VOY RAMf WIGHT SIN UC MAO MIA SAV I »Al I ORF NYC NEW MM~ TAMPERE AHIIO 400Tms 6.3 M 08/05 13/06 16/06 18/06 20/06 21/06 23/06 27/06 29/06 TEXAS AHIII 400Toas 6.3 M 21/05 27/06 30/06
      972 words



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    • 72 42 Acru SINGAPORE PTE LTD V 19 McCallum Street *03-01/02 Natwest Centre Singapore *****9 ■jm ■> h Fax: (69) *****66 Email: feneral9ecusin.eculine.net 13 I Website: httpy/wwweculine net EAST MALAYSIA LI Wit Kuching/Kota Kinabalu/Muara/Sibu Tawau/Bintulu/Labuan/Sandakan See Page 4 Call: 220 3373 FREMANTLE KYOWA TJNF COCOS CHRISTMAS ISLAND WEST t ERN Guam/Saipan/ Turn
      72 words

  • Page 43 Miscellaneous
    • 119 43 iooe"""""""""* lasT^^^SKrJ legend Issued by Meteorological Service Singapore K Thunderstorm q ain Temperature Wind direction and speed in knots Weather Cloudy Day t><) Hazy Sea Conditions Wind speed symbols I Slight. 12m O Full circle w/o line indicates calm or light and variable winds -l—-One half fleche represents 5 knots
      119 words