The Business Times, 17 October 2001
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2001-10-17
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The Business Times
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Title Section15 2001-10-17 1 THE BUSINESS TIMES MITA(P) 107/03/2001 I Internet: Mttp://business-times.asial .com.sg/ SINGAPORE WEDNESDAY, OCTOBER 17. 2001 85C15 words
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Article80 2001-10-17 1 □sn 1,428J5 (+7.87) H-SBI •00*2 (+5.41) ST INDEX FUTURES 1,***** (+6.00) SDISCI FUTURES ***** (+1.20) STOCK MABKET INDICES Tuesday Change KLSE COMP 616.85 -106 NIKKEI 225 10.637.82 >***** HANG SENG 10,148.49 >17.90 SET INDEX ***** +1.36 JAKARTA COMP 378L88 +018 MANILA COMP _.l,035.91 -4.89 TAIPEI WPI 1,***** +810480 words
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Article72 2001-10-17 1 FOSEX RATES l'S» ss USS (SS per L'SS) 1.813 £(l'SS/SS per 1.447 2.624 EUROflSS/SS/E) 0.906 1.642 DM 2.159 L191 YEN 121J 66.80 R.M 3.800 2.096 HKS 7.800 4.302 BAHT 44.57 24.59 RUPIAH 10,008 5,520 FUME RATES SINGAPORE* 5.25 KUALA LUMPUR 6.40 JAKARTA ...39.00 HONGKONG 5.50 TAIPEI 6.92 TOKYO 1,17572 words
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565 2001-10-17 1 Ling Su Ann - Local banks said to be very concerned abont lifting of the restriction By] Ling Su Ann [SINGAPORE] The Monetary Authority of Singapore (MAS) will review the restriction on foreign-bank access to the local banks' automated teller machine network in two to three565 words
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Article, Illustration921 2001-10-17 1 Chuang Peck Ming - Low earners to get 1,400 shares, against 200 shares for top earners Byi Chuang Peck Ming [SINGAPORE] The New Singapore Shares (NSS) will be distributed on the basis of income. with low-income earners getting seven times as muchZAOBAO - 921 words
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486 2001-10-17 1 Audrey Tan - HK developers still keen to buy land cheaply Govt says it won't halt sales; at auction yesterday, largest site sold for way below expectations From Audrey Tan in Hong Kong HONG Kong's first land auction since the September terrorist attacks on the US saw major developers keen to pick up486 words
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399 2001-10-17 1 Ling Su Ann - SIC to meet today on DBSGoldman fiasco -liexclusive By] Ling Su Ann [SINGAPORE] The DBS-Gold-man Sachs fiasco may not have ended with the $2 million payout to aggrieved banks United Overseas Bank and Overseas Union Bank. Sources say the Securities Industry Council (SIC) is meeting today to discuss whether there399 words
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Advertisement120 2001-10-17 1 DKgPE Top stories MAS expects to complete study on mortgage insurance in '02. Next Page Japan pushes for radical approach to end bad-debt woes. Next Page SPH profit down 18.7% to $340.8 m. Pg4 Hock Lock Slew: Bank chiefs have no easy job grasping S'pore. Pg 4 Christopher Tan: High120 words
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397 2001-10-17 2 Andrea Tan - I'll exclusive Banks may be able to lend more than 80% limit if scheme is adopted By Andrea Tan [SINGAPORE] The Monetary Authority of Singapore said yesterday a study on mortgage insurance is expected to be completed next year. Such397 words
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Article, Illustration719 2001-10-17 2 Anthony Rowley - Move for legislation to allow buy-np of large volumes of debt From Anthony Rowley in Tokyo LEGISLATION expected to go before the Japanese parliament this week could herald the most radical approach so far towards ending the de-cade-old problem of badFILE PHOTO - 719 words
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Article64 2001-10-17 2 IN last Saturday's report, "DBS plans to offer new credit facility at 12% interest", we stated wrongly that ABN-Am-ro Bank's Money Line credit facility charges interest of 9 per cent per annum for the first $5,000. The correct rate is 13 per cent. For amounts above $5,000, the rate64 words
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ON THE grapevine
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Article80 2001-10-17 2 AN upmarket spa chain, which is usually booked solid, rang a BT journalist to remind her about her monthly sessions. "It's been a while since you had your facial. Should do it regularly," the spa receptionist intoned. This was a pleasant surprise as it has always been difficult80 words
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Article129 2001-10-17 2 SOON after the Sept 11 attacks, President George Bush paid a well-publicised visit near the now-demolished World Trade Center. Here's an eyewitness account: "President Bush and an entourage of several hundred security personnel paid a visit yesterday to the Federal building on the corner of Wall and129 words
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Article46 2001-10-17 2 FROM Ghassin Mustafa, owner of a restaurant called of all names Osama's Place near Fort Bragg in North Carolina: "When Timothy McVeigh did that terrorism in Oklahoma, nobody who owned a place called Timothy's changed their name. So why should I?"46 words
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Article49 2001-10-17 2 LAST week, BT Online ran a poll asking if the US attacks on Afghanistan would delay a recovery by Singapore stocks. The results are as follows: Yes, investors will become more nervous: 50% No, it's already in the price: 40% It's impossible to tell: 10%49 words
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Advertisement379 2001-10-17 2 KP-MGSeminarSeries The Canny Guide to Currency Risk Management Monday Tuesday, 12 13 November 2001, 9.00 am to 5.00pm Grand Hyatt Singapore Why All business institutions, banking or non-banking in nature, are exposed to foreign exchange rate movements. The ability to recognise, measure and manage exchange rate exposure is imperative for379 words
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AMERICA strikes
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Article, Illustration366 2001-10-17 3 Bloomberg [WASHINGTON] President George W Bush said the Congress must "resist pressure to unwisely expand government" as the US moves to guard against terrorism. He said he wants to structure the federal government more like private firms, with fewer managers, more competitive bidding forBloomberg; AP - 366 words
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Political front
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Article286 2001-10-17 3 Bloomberg, AFP, Reuters [WASHINGTON] As bio-terrorism fear gripped the world, authorities closed an entire wing of an eight-story US Senate office building on Tuesday and prepared to test and treat hundreds of people for possible exposure to anthrax after overnight tests confirmed the bacterium inBloomberg,; AFP,; Reuters - 286 words
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Article132 2001-10-17 3 AFP [WASHINGTON] Escalating the campaign in Afghanistan, US forces sent a pair of AC-130 gunships to attack a Taliban headquarters and troop complex in Kandahar and struck troop concentrations around Kabul in intense raids that extended into daylight hours yesterday, defence officials said. It was theAFP - 132 words
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Article185 2001-10-17 3 NYT [ISLAMABAD] At secret talks in Pakistan on Monday, a senior Taliban leader appealed for a US bombing pause in Afghanistan while moderates in the Taliban government sought to persuade the supreme Taliban leader, Mullah Muhammad Omar, to agree to a formula for the handingNYT - 185 words
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653 2001-10-17 3 Govt to temporarily assume most risk for losses in fntnre attacks; awaits private sector solutions Reuters [WASHINGTON] The Bush administration on Monday unveiled a new plan to aid US insurers hit hard by last month's attacks on New York and near Washington thatReuters - 653 words
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Advertisement7 2001-10-17 3 \N n( K 7 T. complications SINCERE7 words
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SINGAPORE companies
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Article, Illustration750 2001-10-17 4 Teh Hooi Ling - Farther profit fall expected; 50-cent final dividend; plan for $92m cash return Reports by Teh Hooi Ling START-UP losses by new ventures dragged down Singapore Press Holdings' full-year net profit 18.7 per cent to $340.8 million and the company expects next year's earningsCHEW SENG KIM/ST - 750 words
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Article301 2001-10-17 4 SINGAPORE Press Holdings yesterday announced a broad salary cut that will trim its wage bill by $8 million without having to shed any jobs. About two-thirds of its 4,300 employees will be affected. The company said employees who earn above $3,000 per month and301 words
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651 2001-10-17 4 siow li sen - I'i'M lock siew siow li sen WHY have bank chiefs been quitting in quick succession in Singapore? In the space of 12 months, five one from each of the five local banks have walked out. And we are talking here about battlehardened651 words
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Article, Illustration440 2001-10-17 5 Kalpana Rashiwala - It cites deterioration in economic conditions and consumer spending By Kalpana Rashiwala BLUE-CHIP listed retailer Robinson Co warned yesterday that first-half group operating profit from its retail business was unlikely to match that in the previous interim period. Robinson had said just twoFILE PHOTO - 440 words
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259 2001-10-17 5 Dow Jones Newswires [HONG KONG] As trading in credit derivatives grows in Asia, an opportunity for a local trading hub for the instruments is emerging, PricewaterhouseCoopers said. Hong Kong and Singapore are the two obvious candidates for an Asian hubDow Jones Newswires - 259 words
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349 2001-10-17 5 Vince Chong - Cashline charges 12% interest rate; no DBS Antosave or current account necessary Bu\ Vince Chong DBS BANK expects its new credit facility, Cashline, to attract more than 50,000 customers by the middle of next year. Launched yesterday, the new credit line charges349 words
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364 2001-10-17 5 Bloomberg SINGAPORE Telecommunications Ltd said it's considering several options for refinancing short-term debt after bankers said on Monday the company plans to sell US$2 billion of 10-year bonds next month. Sing Tel said it has yet to decide how itBloomberg - 364 words
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COMPANY Briefs
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107 2001-10-17 7 Bloomberg SINGAPORE Airlines and Ansett Holdings administrator Andersen will continue talks today about a possible role for Asia's third largest airline in reviving the Australian carrier. Andersen has offered SIA control of Ansett, which was Australia's second largest carrier before its parent Air NewBloomberg - 107 words
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Article71 2001-10-17 7 SEMICONDUCTOR chip testing service provider Sunright yesterday said its net profit for the year ended July slipped 68 per cent to $1 million, due mainly to the sharp downturn in the semiconductor industry. The company's turnover declined 13 per cent to $162 million, while71 words
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Article17 2001-10-17 7 SMRT Corp yesterday said it will be releasing its interim results on Oct 25.17 words
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Article32 2001-10-17 7 EI-NETS said Lim See Yew has resigned as chief technology officer, and also as chief executive officer and director of its subsidiary, Canei-nets.com Pte Ltd, with effect from yesterday.32 words
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85 2001-10-17 7 GENEMEDIX pic, a UK biopharmaceutical company listed in Singapore, announced that it has entered into two separate agreements with Hovid Sdn Bhd, a Malaysian pharmaceutical manufacturer. Under the sales and distribution agreement, Hovid has been appointed to exclusively distribute, market and sell GeneMedix's85 words
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396 2001-10-17 7 Genevieve Cua - This will force them to scrutinise investment strategies: expert By< Genevieve Cua THE risk-based capital framework for valuing the insurance industry's assets and liabUities will force insurers to scrutinise their product and investment strategies, said Geoff Baars, director of actuarial consulting firm NMG. A396 words
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215 2001-10-17 7 Ling Su Ann - He authorised allegedly false statement on firm's prospects By] Ling Su Ann FREIGHT Links Express Holdings executive chairman David Lim Teck Hiang was charged in court yesterday with authorising a prospectus containing an allegedly false statement about the company's prospects. The statement215 words
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270 2001-10-17 7 Reuters SINGAPORE electronics contract manufacturer Beyonics Technology Ltd yesterday said it expects its medical precision plastics business to more than double its contribution to group revenues for the year to July 31, 2002. "Our target is to have medical products contribute about 10 per centReuters - 270 words
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Advertisement420 2001-10-17 4 A An impressive e-community of over 42,000 online users Purple|raiiT THE LtABMiNO SERVICE PMOVIDCft BY THE IHroOMATICS OftOUP www.purpletrain.com Class interaction takes place 9y|.hAlll»C PWl*llllAlV 99 e-Learning, Anytime. Anywhere, MVtil Cfl/1 yiiai>» through Purpletrain.com SPECIAL REBATES IT COURSES Development Training IT and Business toefl* Online Advanced Diploma in Business Information420 words
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Advertisement439 2001-10-17 4 ADVERTISEMENT the best with With greener efforts, BASF is committed to a greener Singapore. ~V' —A* Km T > Ba fir i./. It B I BfcrfW, A J. v I BASF strives to protect the environment for future generations. BASF is a transnational chemical One such product is Ecoflex*. This439 words
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Advertisement611 2001-10-17 5 PRU Protected Global Titans Fund (Ss) 111 ;v-': •—-V/v.fe'* SHS Si I 8 -t l V* t Included under CPFIS Ordinary Account Special Account tfr v-- y* 4 4 vi A .&'^?*'vT,* JJ vx'> 1 f PRU Protected %r We see opportunity to capture the growth potential of the world's611 words
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SINGAPORE markets
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Article, Illustration335 2001-10-17 6 OTHER SINGAPORE INDICES Oct 16 VALUE CLOSE BT08/0S 326.00 4-71.00 BTCMM -*****.00 +82.00 BT 10-day MA *****.00 +32.00 DBS 50 Index 460.96 +2.33 0C8C30 458.97 +2.48 AH-SG Equities 376.75 +1.89 SG Equities Elect 102.85 +1.19 SG Equities Fm 1213.01 +11.25 SG Equities Prop 347.75 +0.97 MSCI Singapore 175.22 +0.83 SiMSCI335 words
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Article, Illustration828 2001-10-17 6 ven sreenivasan - I I comment STOCKS Rotational play In construction-sector stocks ven sreenivasan SINGAPORE stocks lumbered through a featureless session as most investors stayed on the sidelines after a flat Monday close on Wall Street and the absence of major news. Brokers said institutional players were828 words
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Article, Illustration735 2001-10-17 6 larry wee - I=l i comment CURRENCIES larry wee THE US dollar recovered from postSept 11 lows this week as gold, the euro and Swiss franc fell back but enthusiasm may also be constrained by nagging uncertainties on the war front, a growing disquiet on the part735 words
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Article3430 2001-10-17 6 UNIT TRUSTS FUNDS Aberdesn Asset Mgt Asia Ltd Aberdeen Select Portfolio: American Opport Fd 0.715 0.752 Asian Fixed Income Fd 1.131 1.166 China Opportunities Fd!** 0.855 0.898 Cont Euro Eqty Fd!** 0.908 0.955 Global MNC Fd 0.628 0.660 Global Technology Fd!** 0 480 0.505 Indonesia Equity Fd!** 0.593 0.624 JapanEqty3,430 words
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Advertisement827 2001-10-17 7 Call toil-fare 1800 *****83 To: Shareholders of the Company who do not have a registered address in Singapore as at 12 October 2001 (the "Books Closure Date"), and have not provided B.A.C.S. Private Limited (the "Share Registrar") or the Central Depository (Pte) Limited ("CDP") with an address in Singapore for827 words
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Advertisement198 2001-10-17 7 busl^|ss to get a perfectly build your can As you know, a Virtual Private Network speeds your company's vital data across the globe on a shared infrastructure including the public Internet. So, to feel truly secure, get your VPN from the world's pre-eminent provider of Internet networks. That happens to198 words
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SINGAPORE news
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303 2001-10-17 8 Andrea Tan - P=tt=4 on the economy recruitment freeze By Andrea Tan RECRUITMENT freeze is the most common measure adopted by Singapore companies to cope with the economic downturn, while wage cuts are least preferred, a study by consulting firm Watson Wyatt Worldwide has found.303 words
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Article344 2001-10-17 8 Teh Hooi Ling - Telecoms industry to be consulted on how to keep the sector competitive Teh Hooi Ling AS a check on anti-competi-tive behaviour in the telecommunication sector, the Infocomm Development Authority of Singapore (IDA) has issued proposed guidelines on mergers and acquisitions in the telecommunications industry, and is344 words
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425 2001-10-17 8 Vince Chong - P -II exclusive By Vince Chong STAFF in advertising agencies are bracing themselves for pay cuts and retrenchments as clients cut back sharply on their ad budgets. At least two major agencies, Saatchi Saatchi and M&C Saatchi, are425 words
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394 2001-10-17 8 Tang Weng Fai - By 1 Tang Weng Fai FACILITIES-BASED operators (FBOs) have hit a rough patch in the current economic climate. One of the biggest players, Davnet Singapore Pte Ltd, has been liquidated and its assets transferred to Tridor Pte Ltd, while Qala Pte Ltd394 words
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Article, Illustration258 2001-10-17 8 TEMASEK Holdings' investment arm Temasek Capital has just made its maiden investment in Japan through a 10 per cent stake in Japanese venture consulting firm Fledge Technologies Inc. A spokeswoman for Temasek Holdings declined to give the value of the investment, but said the stakeFILE PHOTO - 258 words
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Article, Illustration402 2001-10-17 9 Eddie Toh - This is despite CLP Power's decision to team up with another company From 1 Eddie Toh in Kuala Lumpur MALAYSIA'S YTL Power may go solo or team up with another company to bid for Singapore's power plants next year following partner CLPFILE PHOTO - 402 words
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Article103 2001-10-17 9 CS Lau Singapore - CS Lau Singapore I REFER to the report "Lawyers lobbying to double as real estate agents" by Kalpana Rashiwala (BT, Oct 6). There should be no objection to lawyers doubling as real estate agents, with proper controls. Those who object are dinosaurs who want to103 words
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270 2001-10-17 9 Jonathan Ooi Singapore - MAiLirm Jonathan Ooi Singapore I REFER to your article "Lawyers lobbying to double as real estate agents" by Kalpana Rashiwala (BT, Oct 6). Young lawyers wanting to be property agents is not surprising, given that their livelihood is at stake. One day, even270 words
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157 2001-10-17 9 Kenneth Yeung Singapore - Kenneth Yeung Singapore I REFER to your article, "High-level govt panel to look into economic revamp" (BT, Oct 15). I have some general suggestions as to the dont's: Do not call upon the same people to serve on your committees ie do not always tap157 words
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144 2001-10-17 9 Tan Choon Siong Singapore - Tan Choon Siong Singapore I REFER to your report, "Plenty of jobs at Tung Lok, but no takers" (BT, Oct 15). Do you think a family in Singapore can live on an income of $1,200 a month (actually only $960 after Central Provident144 words
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Article162 2001-10-17 9 Vincent Tan Chee Kian Singapore - Vincent Tan Chee Kian Singapore I REFER to the letter "Property slide may be a blessing in disguise" by George Tjia (Mailbag, Oct 2). Is there any rule, divine or manmade, that says real estate agents cannot earn more than doctors or other professions? Or162 words
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Advertisement466 2001-10-17 8 Where to wine, dine and entertain..." «]>VssSt, jn% Life's little temptations just got a little more... tempting It's a sweet dream come true for pastry lovers as our Pastry Chef serves up many exquisite works of art to tempt even the most discerning palate in town. Try them today. You'll466 words
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Advertisement32 2001-10-17 8 Don't depend on predictimG^m^ m WW. WJ Advertise in Wise, Dine Entertain Ttejptifness Times and reach out to 117,000 readers daily. Contact May Chan 740 1134 or Teresa Ouak 740 1297 now32 words
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Advertisement808 2001-10-17 9 State Bank of India I (Incorporated in India) Central Office, Mumbai 400 021, India BALANCE SHEET OF THE STATE BANK OF INDIA AS ON 31 MARCH 2001 BALANCE SHEET I <•) In our opinion and to ma beet of our iifoiiiwfcjii and »ieanilana>one DTlfcnwvfc < nfcfc 1 given to ua808 words
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Advertisement276 2001-10-17 9 We welcome letters. E-mail us at btletterfbsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390 Kim Seng Road, Singapore *****5. We need your full name, address and telephone number, so we can verify it came from you. Please use temperate language, and bear in276 words
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EDITORIAL & opinion
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Article, Illustration656 2001-10-17 10 al labita - ■hi:i=i bottom line OPINION al labita The writer is BT's Manila correspondent THE Philippines is attempting to crack down on local bank accounts of international terrorists. Under the newlypassed anti-money laundering law, monetary authorities can investigate and freeze the deposits of suspected terrorists or656 words
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Article152 2001-10-17 10 The roots of militant Islam were in place long before bin Laden, and the ideology will survive long after him.' Tahgjn Ranhir Egypt s former ambassador to the Arab League, who adds that eliminating bin Laden and his terrorist network would still leave a rich supply of152 words
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653 2001-10-17 10 EDITORIAL EVEN in these hard times, there can be such a thing as excessive gloom. A pervasive sense of foreboding can and will hurt the little pockets in the economy where things aren't quite so grim. The Singapore economy is, to be sure, mired653 words
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Article, Illustration1141 2001-10-17 10 Paul A Samuelson - Sept 11 means that America has most likely already moved into recession, joining up with Japan and Singapore By 1 Paul A Samuelson The writer is a professor of economics at the Massachusetts Institute of Technology LATWP THE terrorists whoLATWP; AFP - 1,141 words
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Article554 2001-10-17 10 Philip Coggan - COMMENTARY i Philip Coggan FT IS it worthwhile studying financial history? Could investors have avoided their losses in dotcom stocks by reflecting on tulip mania or the South Sea bubble? That was the purpose of a conference held in Edinburgh last week under the auspices of theFT - 554 words
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Advertisement560 2001-10-17 10 Cad toll-free 1800 741 SSL IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF PROGRESSWIND PTE LTD (In Members' Voluntary Liquidation) At on Extraordinary General Meeting of the members of the obovenamed Company duly convened and held at 7500 A teach Rood #10-313 The Plaza560 words
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Advertisement2239 2001-10-17 11 TRADES FyU R Tl*>R URL: http://www.stdb.com T7 r rpl a St. Lye on Mexico The Automotive i Industry Gears Up Development In IT BMMWB—ITiI lill nil dm rV°°£V°' Manpower iL I jii the industry north by and borders w« Guatemala and Belize In the south. tier suppliers comprise only CfltlCal2,239 words
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Advertisement14 2001-10-17 12 It's official. #1 in Asian ~V;V; Equities. To our clients, "Thankyou." 4® ÜBS Warburg14 words
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REGIONAL news
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313 2001-10-17 13 KUALA LUMPUR Analysts point to slump in global demand for electronic products AFP MALAYSIA'S manufacturing sales slumped in August and analysts pointed to declining global demand in the key electronics sector. The Statistics Department reported yesterday that Malaysia's August manufacturing sales wereAFP - 313 words
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185 2001-10-17 13 KUALA LUMPUR Reuters MALAYSIA'S Permodalan Nasional Bhd (PNB) yesterday launched its eighth unit trust fund, a day after the country's largest fund manager said it plans to boost investments in fixed income instruments. The new fund, called Amanah Saham Nasional 3 Imbang or ASN3,Reuters - 185 words
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316 2001-10-17 13 Diana Oon Abdullah - It will focus on lifting productivity, says chief minister From. Diana Oon Abdullah in Kuala Lumpur PENANG aims to boost manufacturing growth over the next 10 years by lifting productivity, Chief Minister Koh Tsu Koon told the state legislative assembly yesterday. Considered Malaysia's Silicon316 words
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NOTE Rook
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82 2001-10-17 15 AFX [KUALA LUMPUR] Malaysian Resources Corp Bhd (MRCB) said it has not been informed that the proposed Ipoh-Lumut Highway project, in which it is the main concessionaire, has been taken over by the Malaysian Highway Authority as reported. The report, which quoted Works MinisterAFX - 82 words
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Article73 2001-10-17 15 Reuters [BANGKOK] A planned sale of shares in Thai Airways International to the public could be delayed until next year from November due to market weakness, the country's transport minister said yesterday. "It's possible that we may have to delay the share sale untilReuters - 73 words
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59 2001-10-17 15 AFP [MANILA] A Philippine anti-graft court yesterday cancelled the next hearings of ousted president Joseph Estrada's corruption trial because of a series of technical motions filed by his defence lawyers. The Sandiganbayan anti-graft court issued a petition calling off the hearings scheduled for tomorrow andAFP - 59 words
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Article62 2001-10-17 15 Bloomberg [MANILA] The Philippine brokerage unit of Magnum International Holdings, a Hong Kong-listed financial holding company, plans to close next month, its lawyer Demosthenes Donato said in a letter to the stock exchange. Magnum International Securities Inc, which bought a seat on the exchange inBloomberg - 62 words
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69 2001-10-17 15 AFP [KUALA LUMPUR] A top ally of Malaysia's jailed former deputy prime minister Anwar Ibrahim announced yesterday that he would quit active politics, dealing a new blow to the country's opposition parties. Chandra Muzaffar, a strong critic of Prime Minister Mahathir Mohamad, said heAFP - 69 words
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83 2001-10-17 15 AFX [KUALA LUMPUR] China is lobbying the Ministry of International Trade and Industry of Malaysia to help Chinese companies clinch the main civil works contract for the RM9 billion (554.3 billion) Bakun hydroelectric project, Malaysian Business Times reported, quoting unnamed people familiar with theAFX - 83 words
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681 2001-10-17 15 Shoeb Kagda - Analysts sceptical abont group's ability to raise the USsl4om needed From Shoeb Kagda in Jakarta BAKRIE and Brothers, one of Indonesia's largest and most indebted conglomerates, is in talks with Australia's mining giant BHP Biliton (BHPB) to purchase the latter's 80681 words
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334 2001-10-17 15 Anna Teo - SINGAPORE Maybank, the most profitable bank, is ranked third Anna Teo AS in Singapore's banking sector, profitability does not quite spell efficiency, a study of Malaysia's top five local banks has found. The study by a Nanyang Technological University (NTU) team, based334 words
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Article, Illustration216 2001-10-17 15 AP [MANILA] The Philippines' main antigraft court yesterday issued an arrest warrant for former first lady Imelda Marcos on four counts of corruption involving transactions of US$352 million. The flamboyant 72-year-old widow of the late dictator Ferdinand Marcos showed up briefly to the SandiganbayanAP - 216 words
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Article, Illustration561 2001-10-17 16 SHANGHAI Move said to be aimed at stemming misuse of proceeds by listed firms Reuters CHINESE regulators plan to limit the size of new share offerings on domestic exchanges to prevent the careless use of proceeds by listed companies, securities industry sources andReuters; FILE PHOTO - 561 words
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311 2001-10-17 16 Audrey Tan - Frond Audrey Tan in Hong Kong HONG Kong's unemployment rate surged to 5.3 per cent in the third quarter, as the trade and travel sectors reeled from the September terrorist attacks on the US, latest government figures show. And the Census and311 words
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365 2001-10-17 16 HONGKONG Report says Beijing is studying plan to allow its citizens to buy HE stocks Reuters HONG KONG has asked Beijing to allow mainland Chinese citizens to invest legally in the territory's stock market, the Financial Times reported yesterday without identifying any sources.Reuters - 365 words
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189 2001-10-17 16 BEIJING AP CHINA'S government has approved a long-awaited breakup plan for China Telecommunications Group, in an effort to spur competition in the Chinese telecommunications industry, a state-run newspaper said yesterday. The plan will split China Telecom into a northern unit, comprising 10 provincial networks,AP - 189 words
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640 2001-10-17 16 BEIJING Bat officials warn future is fraught with uncertainties due to global slowdown, WTO entry Reuters CHINA said yesterday its economy grew a rattling year-on-year 7.6 per cent in the first nine months and is still likely to meetReuters - 640 words
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Advertisement203 2001-10-17 13 W x^B flff V 'tr n>i£cT ?>y/ L/{ihyj -^fH >u|p i 1 x. AN EXCLUSIVE PIA6ET POLO EXHIBITION View an inimitable display of the new Piaget Polo Collection from 12th to 21st October 2001. i Cortina watch 290 Orchard Road, #01-13 Paragon. Tel: 235 0084 118 v'.cirrij- v. 4;* JH203 words
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Advertisement2014 2001-10-17 14 I INTIIIViCt f Um Kim San ar=gl Executive Chairmen GWOUP COMPANY GKOUf COMWUIY 1_ 2001 2000 Change 2001 2000 Change -.r.._. 2001 2000 2001 2000 Results $voodoo $*000 $*000 ™7 Balance Sheets as at August 31 $1000 $*000 rooo s*ooo fixed assets 576.408 460,507 330,121 253,513 Turnover *****92 1,052,747 2.12,014 words
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Advertisement367 2001-10-17 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PAINEWEBBER INTERNATIONAL (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of Painewebber International (Singapore) Re. Ltd. (the "Company"), duly convened and held on Fnday, 12 October 2001 at 3.00367 words
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Advertisement513 2001-10-17 15 In The Matter Of The Coapaales Act, Cap. 50. Section 291(1) Aad la The Matter Of B.T. CHAN (1997) PTE LTD Compmmy No. 19T»U$1H STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES The Registrar of Companies. Singapore I. Chiang Khixm Hcong. of 4513 words
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Advertisement505 2001-10-17 15 MIDPOINT PROPERTIES LIMITED 5580,000,000 Secured Floating Rate Notes due 2006 Series 2 Tranche 1 In accordance with the provisions of the above Notes, notice is hereby given that for the Interest Period from 17 October 2001 inclusive to 17 January 2002 exclusive 92 days at 1.872% per annum is payable505 words
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Advertisement278 2001-10-17 15 IN THE MATTE* OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF NAVIGATION KUDOS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the obovenomed Company duly convened ond held at 7500 A Beach Rood #10-313 The Plaza Singapore *****1 on 16278 words
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Advertisement1044 2001-10-17 15 NOTICE OF EXTRAORDINARY GENERAL MEETING INDUSTRIAL GROUP LIMITipI NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 18 Enterprise Road Jurong Singapore *****4 on 8 November 2001 at 4 p.m. for the purpose of considering and, if thought fit, passing Resolution 1 which1,044 words
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Article, Illustration1270 2001-10-17 16 jTtaauig cross rates cw/g A$ C$ Rmfa Euro Ffr Dm HK$ Ind Bs ftvfMk Yen Won »tt WZ$ PifcH Pwo S$ towd Sfr m$ 8*t Pownd US$ Australia 0.799 4.256 0.566 3.714 1.107 4.000 24.630 51.323 0.622 6.653 1.949 1.225 31.838 26.540 a930 4.647 0.838 17.719 22.858 0J54 0.5131,270 words
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Page 16 Advertisements
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Advertisement67 2001-10-17 16 Smce 1975 our worldwide staff of over 27b multi disciplined professionals A r wl including lawyers chartered accountants 1 i Y chartered secretaries and bankers have BP j A provided confidential and cost effective company formation in all the ma|Or low ypSaP ,ar aroas mcludmq Incorporation Fres front USSSOO The67 words
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Advertisement26 2001-10-17 16 [ITw Lianhe Zaobao m I liyMi m 1 I ISMEsTOvm I trade clusters I I opportunities I I in China I I toh&UttMUHMt I I agamsam26 words
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Page 17 Advertisements
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Advertisement150 2001-10-17 17 M m VIA m. jJ^M s CUkSWjTT* I .SA JBBmJ mkl VBTMMI mkl I 181 are Ivl II I I I lfl IB MA I IVI I the individual. Germany's Glashutte Original, HK I HB a Saxon watch manufacturer rich in I_ I II I tradition, has been producing originals150 words
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REGION world
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Article, Illustration609 2001-10-17 18 Leon Hadar - But US officials say economic issues won't be sidelined at Shanghai summit From Leon Hadar in Washington US President George W Bush plans to use this week's Leaders Summit of the Asia-Pacif-ic Economic Cooperation (Apec) forum in Shanghai asAFP - 609 words
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Article884 2001-10-17 18 Average open market value (OMV) of cars registered in Septerrtxr. mooel/make CC WE ALM ROMEO A1S62jO 1370 ***** ALFA ROMEO A156 2.08* 1.970 ***** AUDI A42 0MU4GR 1384 ***** AUOIAe2.4TF4GR 2393 <1314 BMW 318A/40R 1396 30L277 BMW 320W40F 2,171 ***** BMW52C1A 2171 44,708 BMW 325QACABRO 2.464 40,753884 words
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Article1799 2001-10-17 18 SI COM Oct 16 RUBKR (futures ctostag as at SJOpa) RSS1 CONTRACTS cwitsAfl) Clost Votane Om Month HH> iw Sitt (tonnes) Interest Nov 01 98.00 Dec 01 100.00 02 101.50 Feb 02 Ktt.50 RSS 3 CONTRACT (US rents/kg) Volume Open Hjfljl Low Sett (tonmi) Interest Ho* 01 52.50 8501,799 words
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Page 18 Miscellaneous
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Miscellaneous319 2001-10-17 18 CRYPTIC CROSSWORD ACROSS 5 Way to survive a really big blow? (7,3,5) HTT WM? HV3 |Hp 8 Complete albeit uneven (8) 6 Militant in fourth part of play first (8) 9 Not starting a town in Suffolk but one in the 7 Springs a surprised expression (4,4) JHj Manchester area319 words
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BT motoring
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Article, Illustration479 2001-10-17 19 christopher tan - I=ll comment MOTORING Its relevance today is questionable and it may even be construed as a barrier to free trade christopher tan THE cuts in petrol and road taxes are undeniably welcome features of the government's pump-priming off-Budget package. Unlike during the 1985479 words
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256 2001-10-17 19 Christopher Tan - By< Christopher Tan NICHOLAS Ng, a 24-year veteran with Cycle Carriage and its executive director until two weeks ago, has joined Audi distributor Premium Automobiles. Mr Ng will be Premium's director of operations from next month, reporting to managing director Ron Song. His256 words
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BUMPER to BUMPER
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Article195 2001-10-17 19 THE Malaysian High Court has thrown out a petition filed by businessman Tan Kim Hor and his family to wind up Tan Chong Consolidated, the private company that controls the Tan Chong group of listed companies. The court ruled that the action was without reasonable195 words
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128 2001-10-17 19 oLiiJJiiNO protitaDuity in the North American automotive sector prompted Standard Poor's to downgrade the debt ratings for both General Motors and Ford by two notches on Monday. The Financial Times reported that S&P, one of the big debt-rating agencies, is also expected to complete128 words
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Article102 2001-10-17 19 LUXURY vehicle group Rolls-Royce and Bentley Motor Cars is cutting production and moving to a three-day week following a sharp fall in US demand following September's terrorist attacks. The car maker, a subsidiary of Germany's Volkswagen group, said 800 workers will be affected at its Crewe102 words
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102 2001-10-17 19 Christopher Tan - Compiled by < Christopher Tan BMW agent Performance Motors is supporting a tiger awareness campaign organised by National Geographic Channel Asia and The Tiger Foundation. The Tiger Weekend campaign comprises programming on National Geographic Channel Asia and fund-raising drives to save wild tigers, as well102 words
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Page 19 Advertisements
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Advertisement82 2001-10-17 19 We've Driven Car Finance LOWER I than Anyone Else. a.2%* 1 for up to 5 years, V our New Car Finance Scheme is the lowest in town. Call us today to find out more. SINGAPURA BUILDING SOCIETY LTD HMdOfflc* Cecil St 880 0688 Email mktg@sbsl.com.sg Our Branch** Ang Mo Kio82 words
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FORMULA ONE
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Article, Illustration701 2001-10-17 20 ALAN BALDWIN - He might itch to relive the races during the period, but the F1 driver is taking a year off to spend more time with his family, reports ALAM BALDWIN ALAN BALDWIN Reuters [TOKYO] MIKA Hakkinen was presented with a deckchair at Suzuka on SundayReuters; FILE PHOTOS - 701 words
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Article483 2001-10-17 20 Christopher Tan - Drivers get hitched, rare fatality sparks safety fears Byi Christopher Tan THE 2001 Fl season will be remembered as an eventful one on and off the track. The first sign that things weren't just going to be plain thrills and spills came in March,483 words
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Page 20 Advertisements
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Advertisement226 2001-10-17 20 iY; IjVJONE with a Mercedes-Benz Mercedes-Benz is a trademark of DaimlerChrysler. "Never believed in love at first sight" Wear your heart on inevitably, it happened. T lArVlof" "l/Tlll it" afl( 8 ove( before saying, it will be; any your sleeve, and you'll suffer He'd stopped to admire AjIIC WllClL j226 words
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WORLD news
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US Results
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85 2001-10-17 21 Bloomberg [SAN FRANCISCO] Charles Schwab Corp's earnings fell for the fourth straight quarter as the four-day market shutdown after Sept 11 and individuals' retreat from trading sliced commissions at the US' biggest discount broker. The firm yesterday said third-quarter income from operations fell 51 perBloomberg - 85 words
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57 2001-10-17 21 Johnson Johnson's Q3 net up 10% Bloomberg [NEW BRUNSWICK, New Jersey] Johnson Johnson said yesterday that third-quarter net income rose 16 per cent on higher sales of drugs such as the Procrit anaemia medicine and the Cordis unit's medical devices used in heart procedures. Net income rose to US$l.53 billion,Bloomberg - 57 words
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Article69 2001-10-17 21 AP [HARTFORD, Connecticut] United Technologies Corp, which includes jet engine builder Pratt Whitney, said yesterday it plans to cut some s,ooojobs because of the impact that the Sept 11 attacks are having on the aerospace industry. The conglomerate, which also includes Carrier air-conditioners, disclosedAP - 69 words
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81 2001-10-17 21 Reuters [NEW YORK] Bank One Corp, the No 6 US bank holding company, yesterday said its quarterly profits rose 30 per cent, helped by cost controls, efforts to limit unprofitable corporate banking relationships and a continuing rebound at its vast credit card arm.Reuters - 81 words
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Article75 2001-10-17 21 Reuters [SAN FRANCISCO] Wells Fargo Co, the No 5 US bank holding company, said yesterday that its quarterly profit jumped 42 per cent as a succession of interest rate cuts lifted results at its large mortgage arm. The San Francisco-based bank earned US$l.l6 billion,Reuters - 75 words
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Article54 2001-10-17 21 Bloomberg [CHARLOTTE, North Carolina] Bank of America Corp said third-quarter profit fell 4 per cent excluding a US$l.25 billion charge to exit two unprofitable lending businesses. Profit from operations at the third-biggest US bank fell to US$2.O9 billion, or US$l.2B a share. Net incomeBloomberg - 54 words
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Article60 2001-10-17 21 Bloomberg [HOUSTON] Enron Corp, the largest energy trader, had a third-quarter loss after taking US$l.Ol billion in charges for restructuring, investment losses and the planned sale of a water business. The loss was US$6lB million, or 84 US cents a share after preferred-dividend payments.Bloomberg - 60 words
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97 2001-10-17 21 AP [PHILADELPHIA] Unisys Corp disclosed plans to cut 3,ooojobs as it reported that its earnings slumped 50 per cent in the third quarter as the airline industry and other customers delayed purchases. The job cuts announced on Monday represent 8.1 per cent of itsAP - 97 words
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487 2001-10-17 21 WASHINGTON 12th straight month of decline in September, worst since Jane AP [WASHINGTON] US industrial activity plummeted in September, the 12th straight month of decline, as the terror attacks dealt a new blow to the nation's battered manufacturing sector. The last time there wasAP - 487 words
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Article459 2001-10-17 21 ■LONDON H&y&mi warns of deflation, Schroeder sees slower growth amid spate of job cnts Reuters NEWS of thousands of fresh job cuts and a central banker's warning yesterday that Japan may be on the verge of a deflationary spiral highlighted the parlous state of theReuters - 459 words
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226 2001-10-17 21 FRANKFURT Bloomberg COMMERZBANK AG expects to cut expenses by 1.25 billion euros (Ss2.l billion) over two years as Germany's fourth-largest bank eliminates 3,400 jobs, mainly in its consumer banking and asset management businesses. The company will also trim its technology-related expenses. Commerzbank, which saidBloomberg - 226 words
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346 2001-10-17 21 WASHINGTON Dow Jones Newswires US Federal Reserve chairman Alan Greenspan and Treasury Secretary Paul O'Neill have urged lawmakers to quickly enact legislation that allows financial institutions and corporations to close out their derivatives contracts during an insolvency. "Congress should not fail to enactDow Jones Newswires - 346 words
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Article, Illustration419 2001-10-17 22 LONDON 2,300j0bs to go as joint venture fails to win enough phone business from MNCs Bloomberg [LONDON] British Telecommunications pic and AT&T Corp will take about US$7 billion in charges and cut 2,300 jobs to end their Concert joint venture, afterBloomberg; FILE PHOTO - 419 words
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238 2001-10-17 22 NEW YORK NYT ARTHUR D Little, a consulting firm that's more than 100 years old, has entered into exclusive negotiations to sell a majority stake in the firm to a group of private investors. The terms of a potential transaction wereNYT - 238 words
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276 2001-10-17 22 I NEW YORK NYT M. X BETHLEHEM Steel Corp, a 97-year-old company whose steel forms the underpinnings of such diverse structures as San Francisco's Golden Gate Bridge and the newly repaired US Navy destroyer Cole. filed for Chapter 11 bankruptcy protection on Monday.NYT - 276 words
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491 2001-10-17 22 AMSTERDAM First fall-year loss in five years expected; farther job cats possible Bloomberg ROYAL Philips Electronics NV, Europe's No 1 consumerelectronics maker, had a third-quarter loss and said it expects its first full-year loss in five years as demand for semiconductors, mobileBloomberg - 491 words
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WORLD Watch
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112 2001-10-17 22 Bloomberg [ineiW i ukisj Hewlett-Packard Co should drop its planned US$l9.B billion purchase of Compaq Computer Corp as the stocks fall and rivals gear up to steal customers, investor Matrix Asset Advisors said in a letter to both companies' boards. "We respect your boldBloomberg - 112 words
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Article45 2001-10-17 22 Reuters [LONDON] US-based Handspring introduced a handheld computer with a built-in cellphone for the European and Asian markets on Monday. The 150-gm Trio will go on sale for around US$6OO in January, starting in Britain, Hong Kong, Australia and Singapore. ReutersReuters - 45 words
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43 2001-10-17 22 Bloomberg [MILPITAS. California] Solectron Corp, the biggest maker of electronics for brand-name companies, will provide after-sales repair services for Microsoft Corp's Xbox game console in North America. The terms of the transaction will not be disclosed. BloombergBloomberg - 43 words
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Article53 2001-10-17 22 Bloomberg [LONDON] Reuters Group pic, the biggest provider of financial information, said it will miss revenue forecasts for the second half as it eliminates 500 more jobs to cut costs. Revenue for the third quarter rose 4 per cent to £920 million (552.4 billion),Bloomberg - 53 words
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62 2001-10-17 22 Bloomberg [TOKYO] Dentsu Inc. Japan's largest advertising agency, plans to sell as much as 54 billion yen (*****.2 million) of shares to the public for the first time. Dentsu will sell 135,000 shares. 25,000 of which will be new. Shareholders, includingBloomberg - 62 words
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Article, Illustration292 2001-10-17 23 They're confident Intel CEO will position company for rebonnd Bloomberg [SANTA CLARA, California] Intel Corp chief executive Craig Barrett's timing couldn't be worse. As the biggest chipmaker unveiled its Pentium 4, the personal computer processor that reclaimed the speed crown from Advanced Micro DevicesBloomberg - 292 words
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Article5318 2001-10-17 21 for more, log on to www.asiaonemarkets.com I HONG KONG Vol Oct 16 HK< COOP) Across Asm Multimedia 0.45 -0.05 0 Alpha General 0.03 unch ***** Amoy Prop 7.45 -0.05 2201 Ananda Wing On 0.06 unch ***** Angang Now Stool H 0.87 unch ***** Anhul Conch H 1.45 0.055,318 words
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Article4178 2001-10-17 22 KUALA LUMPUR Vol Oct 16 ItH COOP) A&M Realty 0.76 0.01 3 A brie 1.79 -0.04 52 AC P Industries 2.67 -0.05 12 Advance Synergy 0.45 unch 63 Affin Holdings 0.23 0.00 21 Ahmad Zaki Res 3.62 0.04 13 AlCCorp 3.66 -0.04 3 A ill bee Res 2.224,178 words
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Article5000 2001-10-17 23 SGX MAXNBOARD lirf w Transaction date: Oct 16 a a ya. aa| a a j a g a a s Aberdeen lOp —UK 150 375 07 25 577 213 I j»« BC > l ~.u.uv MI 9 6 ABNAmroNLG 56c 9 34 ff fi 5 9. J ,0.55,000 words
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Page 23 Advertisements
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Advertisement50 2001-10-17 23 ~-y-% Le de depuis Jj^HkwJ^pY-,. '$> Audemars Piguet Rubber-Clad Royal Oak offshore chronographer Y2\ Rhodium plated, Water-resistant to 100 m lib:, Regional Agent. Showroom ft Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. available at nH 0,Cl d 01 0 Si.««P»« "•«■<>. Tel: JJ. MM F.«: 21. »»>». Wi« .JSfiSSKJSE W:50 words
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PERSONAL investment
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Article, Illustration989 2001-10-17 24 GENEVIEVE CUA - Alfred Morley, the man who helped establish the CFA qualification in Asia, tells OEMUVIEVE CUA why investing is like buying fine wine GENEVIEVE CUA INVEST for the long term? You bet! Here's a globe-trotting 74-year-old, who literally bought and sat on some US blue chip stocksCHRIS LOH - 989 words
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473 2001-10-17 24 GLOBAL funds will start looking Asia's way, says consultant Alfred Morley, after having practically turned off the spigot since the Asian crisis in 1997. But don't get your hopes too high. "At the moment opportunities still look better in the US and Europe than473 words
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Article510 2001-10-17 24 Anne Goh Singapore, via Internet - MAiLirrrri Anne Goh Singapore, via Internet I REFER to the letter "When trust falls prey to touts" by Aileen Lau (Mailbag. Oct 10). I would like to share my sorry episode. Sometime in August last year I came across an international bank advertising their510 words
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Article, Illustration1135 2001-10-17 25 SERENA NG - r Expert Speak The terrorist attacks on the US and its response have thrown the world into turmoil over the past month. Economists and fund managers have drastically changed their forecasts for the nextfew months and even years. But amidst the gloom, there is light at1,135 words
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913 2001-10-17 25 Robert Halili - inside Market expected to consolidate this week; buying seen in Chnan Hnp, Ho Bee, Informatics By Robert Halili INVESTOR confidence was boosted by the off-budget package last Friday. The Straits Times Index ended at 1420.78 points on Oct 15, up by 5.32 per cent or913 words
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Page 24 Advertisements
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Advertisement22 2001-10-17 24 f PI. I '—w. I i JQQ 0,0, J If you have an address, we will deliver 1 Mr "I'r *Jkl W£sF-Mf22 words
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Page 25 Advertisements
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Advertisement26 2001-10-17 25 N citigrouf?* I rrar<W"Pf-nl j (for office/warehousing/distribution) f Tel: 344 2002 or visit our sales office. 53 Übi Avenue 1 #01-11 INUUSIKIAL PARK C-*T> ijk 026 words
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Advertisement253 2001-10-17 25 Dynamic US Continuum Fund The Next Generation Investment Fund Is Here *>i. o w A .n•v !i■ 11.11 .i!'' v v tin" P\ H.i U1 U ISvOn!U i 3S li 1. U 3 now ,u; :he ;i an. e e > ,<p I!.!!.!']' v';' .UK' p n\ a ::T i'253 words
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Advertisement18 2001-10-17 25 The writer is managing director of Asia Insider Ltd. He is assisted by Ngia Soon Chai in Singapore18 words
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EXECUTIVE money
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Article, Illustration1349 2001-10-17 26 GENEVIEVE CUA - Under the pillow is not the answer. GENEVIEVE CUA checks out safe places to park your cash for better returns GENEVIEVE CUA MORE analysts, fund managers and equity strategists say equity markets are bottoming and they may well be right. But even if they are, the1,349 words
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Page 26 Advertisements
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Advertisement260 2001-10-17 26 1 PROFIT GUARANTEED I There are plenty of funds that guarantee caprtal. But there's only one that also guarantees profit at such a generous rate of 4.35% p.a. That works out to be 53.1 growth compounded over 10 years! Plus there's insurance cover worth 150% built in at no extra260 words
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SHIPPING TIMES
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Article290 2001-10-17 27 Reuters THE Baltic Dry Index (BDI) rose four points to 897, the Baltic Panamax Index (BPI) lost two points to 886, the Baltic Handymax Index (BHI) shed one point to 7,132 and the Baltic Capesize Index (BCI) was up 13 points to 1,009. TIME-CHARTER: Anangel Dawn (built 1994)Reuters - 290 words
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Article273 2001-10-17 27 MX HO Oct* HI CWTDtttributton 0J2 undj 7 Cosco inywtnuflt FrolgHt Links 0.06 unch 20flS CB Holdings 0J8 0.03 28 IMC HoMlngs-HK 5.60 uncli 0 Jtyt HoKPngs 0.16 unch 60 Koppol Corp 2.99 unch 235 KappalFELS 1.54 unch 112 Koppol Marina 0.19 unch 1212 ksppoitm xxrr -o.oi m273 words
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Article, Illustration601 2001-10-17 27 Beth Jinks - It will have initit&l fleet of 6 new vessels, running services to Tiom&n and Indon islands By Beth Jinks [SINGAPORE] A new high-speed passenger ferry service will be launched in Singapore next month with an initial fleet of six newbuild vessels worth $25601 words
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237 2001-10-17 27 AFP [PARIS] French oil giant TotalFinaElf has been summoned to appear in court next month and could face charges for the pollution caused by its shipwrecked tanker Erika off the north-western coast of France in 1999. A source close toAFP - 237 words
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PORT Shots
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Article113 2001-10-17 27 [SINGAPORE] Hamburg Sud will launch a new service between Asia and the South American east coast via South Africa on Nov 8 in a joint arrangement with Taiwan's Evergreen. Commencing with the first sailing of MC Ever Guest from Hong Kong, 10 container ships113 words
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Article82 2001-10-17 27 [SINGAPORE] Online fuel distributor Ocean Connect.com has signed a letter of intent with management and technology consultancy Booz Allen Hamilton to become an equity partner, as the marine fuels auction platform reached its million ton milestone for bunkers sold online. Ocean Connect.com only launched its online bunker auction82 words
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87 2001-10-17 27 [SINGAPORE] An academic study has called for the scrapping of the Philippine Ports Authority, criticising it for inefficiencies and calling for regulatory and administrative decentralisation. Jointly undertaken by researchers of Manila's University of Asia and the Pacific and the Distribution Management Association of the Philippines,87 words
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136 2001-10-17 27 Reuters [MELBOURNE] The South Australian government said yesterday that Flinders Ports Pty Ltd consortium had acquired the assets and business of Ports Corp of South Australia for a total ASIB6 million (*****.7 million). The consortium was the winning bidder for a 99 yearleasehold andReuters - 136 words
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215 2001-10-17 27 (SINGAPORE] A wave of cancellations in the wake of regional trouble has prompted a warning that India is unlikely to see any cruise vessels calling at its ports this season. The season began on Monday and continues until April 15 2002, but a215 words
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352 2001-10-17 27 Beth Jinks - North Sea Terminal director denies reports of chaos during changeover By] Beth Jinks [SINGAPORE] Glitches with a new software system at Bremerhaven's North Sea Terminal were little more than teething problems expected from the changeover, according to the terminal boss. News reports emerged earlier352 words
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Article, Illustration858 2001-10-17 28 Seafarer - STRAIT TALK By\ Seafarer A RATHER popular phrase these days is "joined-up government". It refers to all departments working together effectively for the same objective. That happy state of affairs is certainly not found in all countries although it is something that Singapore is prettyFILE PHOTO - 858 words
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Article245 2001-10-17 28 PACE Ahrenkiel to AppmiMp 5 Assets S Avant 10 B'tanq Mas 6 BSA 7 BSC 9 BTL 10 BaUfi 4 Batamindo 9 Bayswater 9 CMACGM 3 COSCO 3 Central tx 6 Chatiaya 10 China Shpq 5 Confer to Cougar 7 t CWT Globelint 6 Delmas 4 Oiak245 words
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Article13213 2001-10-17 33 thebusinesstimes thebusinesstimes EXPORT ETA ETA Advertiser Vessel Vovaoe Taiwan. I CT1 tTi I SIN Dvst'n Name Nam Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 24/10 M/n MOL MOL NIGER 0403A 65-*****86 24/10 28/11 COSCO EMPRESS DRAGON 0115* 65-*****00 29/10 30/11 Kien Hung JUSTICE CONTAINER JCM5S 65-*****33 29/1013,213 words
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SHIPS IN PORT
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Article771 2001-10-17 37 Vessel Voy No Berth Arrival Departure C Progress 16-Oct Jmm "l» 16/10/8:00 16/10/1600 Bt *8 2692 HOI J01 16/10/8:35 16/10/1700 ■"Star 8 104S01 J03 16/10/8:45 16/W/22«0 Shannon tip 19-Jin J03 16/10/9.25 16/10/23.00 Sn-lanpmg *1002 J05 16/10/1000 16/10/23:00 Atria J6I002 J02 16/10/10:10 16/10/23:59 Harapan S1 JD1003 J02 16/10/10:20 16/10/2359771 words
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Article1915 2001-10-17 37 RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Booklng/Manco Rstls SMp Voyjto Eth/Btr Portod From To From aci wmscus 057. W2M0 MW im tmo a 8/1700 14/0659 H/0900 B/iroo <6/0*59 imwo ACISEAGUU MM 19/1500 J j/iroc >6/1159 ~SiM~ MAWO H/MS9 H/1700 *a»S «s mm i amw mm who1,915 words
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Article221 2001-10-17 37 October 22 New Zealand: Labour Day October 23 Thailand: Chulalongkorn Day October 28 Hongkong: Chung Yeung Festival Taiwan: Retrocession Day October 29 Ireland: Halloween Weekend October 31 Taiwan: President Chiang Kai Shek's Birthday November 1 Belgium: All Saints Day Finland: All Saints Day France: All Saints Day Italy:221 words
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Article779 2001-10-17 37 THIS report, compiled by Cockett Ma rine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the mar ket. Prices shown are based on averagesized stem. Market movements are indi cated. The Cockett Bunker Price Index change779 words
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Article458 2001-10-17 37 C*to» ISO Mu 977.1 0.4 15.0 0.07 17 0.06 22J1 0—ritT Water »esMne toll Akmumtm SilniH No above E25 0 0 0 0 0 0 ZH/* 380 w *7 6 0.2 14-3 0.06 25 0.02 In 380 Mu 9912 0.S 17.4 0.10 47 0.04 M/Wl %in458 words
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AIR & LAND transport
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Article, Illustration480 2001-10-17 38 ATE LIME INDUSTRY WOES European airlines badly hit by slnmp in travel &nd soaring insurance costs since terrorist attacks Reuters [BERLIN] European governments and airlines are in a quandry over the issue of government aid to the embattled carriers. The questionReuters; AFP - 480 words
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314 2001-10-17 38 AFP [SEOUL] South Korea plans to provide 250 billion won (*****.5 million) in special loans to the country's two airliners, which are reeling after the terrorist attacks in the US, officials said yesterday. "The government will earmark 250 billion won inAFP - 314 words
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409 2001-10-17 38 This comes more than a year after fatal crash grounded supersonic planes Bloomberg [LONDON] British Airways pic and Air France SA plan to resume flying their Concordes on Nov 7, more than a year after a fatal crash grounded theBloomberg - 409 words
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Article, Illustration249 2001-10-17 38 Reuters [WASHINGTON] The Federal Aviation Administration (FAA) said it will begin this week taking steps to ensure that proper background checks were made on thousands of airport passenger and baggage screeners at big airports. The FAA, on its own, will also look at the dozensReuters; REUTERS - 249 words
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Article, Illustration602 2001-10-17 38 Passenger traffic down by over 25 per cent since Sept 11 terrorist attacks AFP [BOMBAY] State-carrier Air India's recent announcement that it is to close 20 overseas offices indicates troubled times ahead for Indian aviation in the aftermath of the terrorist attacks inAFP - 602 words
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185 2001-10-17 38 Bloomberg [CHICAGO] UAL Corp's United Airlines, the second-biggest airline in the US, said its flight schedule reductions will require rebooking 5 million customers on different flights in advance of a new schedule set to begin Oct 31. United said previously that it wouldBloomberg - 185 words
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Article1684 2001-10-17 38 an maw n> man w MHk LHUM an am aw AmttrtM SO 23 066 IUM 2255 (A 979 0955 SO 36 2)45 BP MB MhhIii 1MB Aaddatf ****** 2045 ****** 2045 S02M 2045 S0285 2045 tan* ww era MjpapM MI/CA846 W MUM 0755 isimwii wot noc1,684 words
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Page 27 Advertisements
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Advertisement350 2001-10-17 27 Strait Taßc Contradictory Mwßwl cooiootloos spoil trouble Pg2 Germany against |Mog oM to airlines but Franco ttlll BmckPg Korean Air, Aslaaa to get 2SOb won govt loans BackPg ASIA WESTBOUND RATE AGREEMENT (AWRA) EASTBOUND MANAGEMENT AGREEMENT (EMA) MEDITERRANEAN RATE AGREEMENT (MRA) INCREASE IN BUNKER ADJUSTMENT (BAF) Arising from the regular350 words
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Page 28 Advertisements
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Advertisement694 2001-10-17 28 TO USA/CANADA 1 EXPORT 1 I OTHER DESTINATIONS I IrogW1 rogW I iPtIASj WOMSTOW I MtTHB I l«WT0«Kl TO AUSTRALIA (AUSTRALIA ASIA EXPRESS) OOQJtfM 54(42 It/10 I 17/10 I 02/11 04/11 07/11 07/11 07/11 10/11 I mw, I m iui OOCL NETHCKUNDS 32(43 23/10 I 24/10 I 09/11 13/11 14/11694 words
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Advertisement663 2001-10-17 28 Lines services represented by Members of the Registry of Members of the Accredited Shipping Agents, Singapore Logistics K °Xnjy Singapore Shipping Associahon Association gg ULY UNI MALI vKStt ["vot Tra ns eu P. KLANG SfOtl MALI Empress Lily VOBOl 17/10 18/10 26/10 Princess Lily VO6Ol 02/11 03/11 11/11 Empress Lily663 words
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Page 29 Advertisements
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Advertisement1083 2001-10-17 29 TO EUROPE FROM EUROPE Ivissa VOY I SIM BTM AMR HAM KY SOU L£H IvßSa VOT I KTM ANR HAM ORV SOU UH SI HYUNDAI FQXRAI 333W IS/10 01/11 03/11 00/11)1/10 HYUNDAI MQMSS 332 14/09 17/09 19/09 12/09 00/10 AW IRIS 103W 11/10 07/11 00/11 OS/11 MIXMAAS 545E 17/09 20/091,083 words
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Advertisement1555 2001-10-17 29 If AMI T/Ttf Mn JOiM 1 T/TtIIMYS I V AQUA T/TsUMYS J GENERAL AGENTS IN SINGAPORE: SO ROMNSON RD #12-00 SAUS/WGS TEL 4205*57/43 FAX: *****21/71 MALAYSIA OFFICE PASIR GUDANG TIL 07-353*144 FAX: 07-353X170 COSTAR SHIPPING PTE LTD «W IW/JS PORT RUNG 03-*ott3*33 &SS2* CR NO; **********0 M TIL 22* 19001,555 words
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Advertisement1267 2001-10-17 30 SENATOR LINES TP EUHOPC TOMTOUEAST/IUkN/RfPSLA vnsa *o» sm in »tn am ham mv fu Imsa [~"vot sm uTTom md mm POHANG SBUTOt #01IW 14-10 Dill 04.11 M.II 04.11 07.11 0111 AINOW 00I4W 20.10 17.1t 2010 OXU toTT" HANJN SMGAPOtt 0057W 10.10 10.11 11.11 0111 111! 11.11 HUM MI4W 27.10 till1,267 words
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Advertisement759 2001-10-17 30 WLAM MAC-NELS S PORE M SIA Carrier: Mil CONTR LINES, INC p. guoang: (ot) *****26 J cm NO. IWmiBIII SBU: (064) *****9 MAMLA: (632) *****24 POiANG: (04) *****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT: <21) *****46 KUCHXG (062) *****1-3 SHANGHAI IE HAVRE MV "JfTRA BHUM"759 words
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Advertisement402 2001-10-17 30 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO A MHAVA SHEVA (CPS MULUNO. MUMBM) ALSO ACCEPTMG TO ALL NORTHEfM AMO WESTERN CO POINTS wssaiMMi Ivor [sToM|iLa«¥i|anoMol connkhk la—an vajßA va-—oh UHAAUM EIPtESS OMW 77 OG 3100 (3KN comsrae HIS cam TH34 <m (ourausA Bin noa vnw ionov ingamei hmccomfoct Mssssim»ny «i402 words
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Advertisement1475 2001-10-17 31 I VESSEL VOY KHH HKG SIN Stt OXB BAB DMM PS* IRAN TABATABAfI PCL-228 09/10 10/10 18/10 19/10 28/10 29/10 31/10 02/11 IRANKERMAN PCL-229 16/10 17/10 20/10 21/10 28/10 29/10 31/10 02/11 IRAN ISFAHAN PCL-230 23/10 24/10 27/10 28/10 04/11 OS/11 07/11 09/11 IRAN HORMOZGAN PCI-231 30/10 31/10 03/11 04/111,475 words
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Advertisement397 2001-10-17 31 UK CONTINENT SERVICE Loading for DARYA TAAL RDM/ATW/BMN/UK/LPL Loads Singapore. EVW Malaysia. Indonesia MIDDLE-EAST SERVICE Loading for ISAAC LIGHT DBI/ABU/DOH/BRN/DMM/KWT OMER KAPTANOGLU JDH/AQA/DMT PAN QUEEN ADN/JDH/DMT FLORENCE DBI/ABU/DOH/BRN/DM M/KWT 'Loads Singapore, E7W. Malaysia, Indonesia USA SERVICE Loading for SEA SWIFT CAM/NFK/SAV/NOL OCEAN JADE MZLAAX/VCW/VCB 'Loads E7W Malaysia. Indonesia F.E./S.E.A. SERVICES397 words
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Advertisement1154 2001-10-17 31 mmamt/smmm/warn/qm»m imtM/mv u rm/um qumm Jsua VOT MM HUG SHA IGG HO VKSR VOT SW S TO 1 LCH~ JBiiHUil 111)7? 77/10 77/10 30/10 02/11 OS/11 MM 070E 72/10 VIO 74/10 IMim ■2 W/iO 03/n 04/n of/ii iT/ii iawihuii HS H7T~ fl/16 TPR nW6MI6 EXPIESS WOT? OS/11 10/11 Ivi I1,154 words
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Advertisement1374 2001-10-17 32 i ASIA MEDITERRANEAN EXPRESS (AMI) WESTBOUND SERVICE |V"» Kn I"■ I I I m I Mi I M -m- w —m am mm -w m —w —m —m-=lf= Uu xafitn, catgc MIA SffZU hM* Mmw to far J* Ww ftp* la Mm SM frn 0. kfawatera»h«* fan bm 6m*.Umm. IM)1,374 words
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Advertisement467 2001-10-17 32 Imwm UNTANC MAS SHIPPING PTE LID I I WWTULU I MUAIU I Vtssa vgr SB QI vcsa vot sm m iWw mi iff 77 23/10 x/io wiiii *.«/io 77/10 wim n7VIO no I*** VOI7IE lUt/10 72/10 I Ufa* WII7E 212V10 01/11 Mbytfri WII2 2374/10 77/10 IS** VOI2W 03-04/11 07/11 KUALA467 words
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Advertisement363 2001-10-17 33 BSA a. «NR MYANMA wBBk FIVE STAR UNE (Myaiarar NatioNal Um) W loading foe Yo.gon VESSEI VOY SM Pfl PEN PGU HPA-AN 2ROW SID mm LA 4«W su> MALAYSIA AGENTS: MUSTEAD SMPPMG AGENCIES KUL IB 03-*****300 PIL- TU 03-*****101 PEN: TH 04-*****02 PGIt: TH 07-*****21/4 BANK LINE (A MTvkt #f363 words
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Advertisement826 2001-10-17 33 HMAT-' HYUNDA^A^CHANTMARINECO^TD^^^^^^ jwssa wr 111 I sou ll» I rtm anH ham |m* ivssa vot sou Ii» rtm ant ham Imv fill •ounKwnr oo3w 05/10 a/10 27/10 11/10 a/10 nymgmess ns u/m ii/»"ij/oi~"is/ii a/To API HUM 103W 07/10 29/10 27/10 IS/10 MOIMAAS MS 21/04 22/04 14/04 It/Of 09/10 HYOBOOWY 304W826 words
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Advertisement685 2001-10-17 33 vOOv WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA 'CAR RORO HEAVYUFT SERVICE* IVKSCI VOT MMP HBGHT IMIIUPIMOI HU I w I n I n»i w HRY MM TOM AMI2I 4001 ms 6JM 29/10 05/12 01/12 10/12 12/12 13/12 15/12 19/12 21/12 TMONGA AHI22 4001 m 6.3 M 11/11 19/12 22/12685 words
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Advertisement22 2001-10-17 34 Box Tracker I %v your containers. W\ http: i'j. pt p. com. my General line: p0 7- 50~ 22 2 2 J22 words
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Advertisement280 2001-10-17 35 SASIA EXPRESS LINES __J SINGAPORE AGENT: JARDINE LINER SUPPORT SERVICES VKSfI VOY SMtGAPOtE PASM GUOANG POtT jjjUK PfMAMG Mgg IKWmiPOBIIKI 10/01 17/10/2001 SIH INPUQMBfT SU« HOOOMOfT SUP INHIOMBtT 17/11/7001 6«AO<T 11/01 2t/11/2001 27/11/2001 21/11/TOOI SU» MPQgMIMT 30/12/2001 12/01 26/12/2001 27/12/2001 21/12/2001 SUP MPUOMBIT 30/01/2001 DIRECT LINK TO AMAZONAS/ MANAUS, N.280 words
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Advertisement166 2001-10-17 35 wssa voy Eureu my wy eusm my KUAUSIMI lins ISIOjOI "Si IIV3N 1110.01 1U KUALA SIAK 8 lIHS 17.1001 WD IIMI 11.10.01 "MT" mwasmii iifss i«.io.oi nti ntsw mooi n KUALA SUKI lIHS 1110.01 FB IHW 20.10.01 SAT ■MASHM IIT7S 71)0.01 SUN lIT7M 22.10.01 MON rnuusum nws 2210.01 mow mow"166 words
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Advertisement247 2001-10-17 35 MUR SHIPPING INDIAN OCEAN ISLANDS/SOUTH AFRICA VESS& TWU MJRI KK TGM SM PI NTS REUNION DM El Pf CT ANNYDiP.VOYOM S+4 <M S*d SM khrt 22/10 2S/10 26/10 27/10 MIR VOY 01S 10/12 12/12 14/12 11/12 20/12 30/1J 02/01 06/01 01/01 09/01 mo nan moots rat otb mm sbvkb ww247 words
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Advertisement85 2001-10-17 35 hill Ba y swater w® Wf Shipping Forwarding Ptc Ltd /> Daily Sailing from /b 2 Sailings Daily to Batam Island Batam Island to Container Port from Jurong Port and vice versa and vice versa To have a delighted customer m every transaction RE6UIAI BREAK-BULK SERVICES. HEAVY LIFT WTO 25085 words
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Advertisement244 2001-10-17 35 hflSB ENG 111 SHIPPING CO PTE UD I IfXA T*fc *****23 (10 Uml hi: SMMM/*****M T a■« ISIWIIIIIC vissa vot sun* smetd kstsmtkm U«o«S»?2 10/01 Mrr 20/10 SMkoyg/UfMn UnwSwlO 7/01 06/10 16/10 ta^na^Mnt/SoMMdo OwDoyc 10/01 17/10 18/10 omw/F tau/taon SroCenW 15/01 17/10 18/10 DMn/PwM»g JngJloyc 10/01 17/10 19/10 tftt/nt UnwiSttß244 words
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Advertisement535 2001-10-17 36 I»ErF 'jfl n€ot RHYTHM m* UII/IO 23-24/10 01-01/11 I TIKI IttA 927N 21 22/10 21-31/10 04-05/U I neaMETio KSN 24 25/10 30-02/11 0741/11 I nsaiKEZf ww 2721/10 02-05/11 10-11/11 I Ti6aswm wow 30-30/10 os-o«/ii 1213/11 TKftatEEK usoii iTTSTTo tThTo ofoaTTi I net* cuff 037 mi/10 2*21/10 oswn I COWOBKE 413535 words
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Advertisement960 2001-10-17 36 rSt" FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Rood, 3rd Level, V Freight Links Express Logisticentre, Singapore *****3 vUr Tel: *****11 Fax: *****77 E-mail: flesirv@singnet.com.sg DIRECT WEEKLY CONSOL TO EUROPE •ANTWERP 'HAMBURG •GOTHENBURG 'ROTTERDAM *LE HAVRE 'SOUTHAMPTON Booking 267# 5565/4694/5535/5539/5541/5508/5569/5579/5560/5563 PROJECT SHIPMENT A HiAVYUFT CARGO (CONVENTIONAL A ROAO) Lowrenc* Uwi960 words
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Advertisement33 2001-10-17 36 irjkjjcj KMS LOGISTICS (S) PTE LTD AIR SEA SERVICES TO/FROM: MANILA HONG KONG/SHENZEN/ KEELUNG SHANGHAI EUROPE/USA Head Office Tel: *****80 Fax: *****90 Email: sales® kmslog.com.sg Airport Office: Tel: 542 2089 Fax: 542 263133 words
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Advertisement916 2001-10-17 36 rb IPDZ LINES LJL- CUSTOBH SHVKt TEL 02-721-55* FAX: 02-227-0190 I SWGAfOtI; TONG XX) SMPPMG HI US bujjajilflfr I— I OfiWK ***** 11/10 SHWiUMI 1 2122 21/10 OHMC ***** 20/10 GOUM ***** 2S/H IGIHUAT ***** 22/10 GUOO ***** 23/10 GIKIM ***** 25/10 GNJAM 2124 26/10 GISWH ***** 25/10 GK* *****916 words
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Page 37 Miscellaneous
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Miscellaneous123 2001-10-17 37 «*BBfc».J LEGEND: Isblmcl by Meteorological Service Singapore K Thunderstorm Showers /^C Rain Temperature C~- Wind direction and speed in knots Cloud, Day We,,the, Hazy Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable winds Slight < 1 2m I One hall Heche represents123 words
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