The Business Times, 22 January 2002

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Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 107/03/2001 Internet: http://business-times.asial.com.sg/ SINGAPORE TUESDAY, JANUARY 22, 2002 85*
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  • 73 1 Dm M7LH (+9.76) LS 1818 (+5.06) ST DIDEX FUTOBES M«(+1) SDBX3 PDfTDBES 267.70 (+0.50) STOCK K1SIET INDICES Monday Change KLSECOMP 896J4 160 NIKKEI 226 _*****I» -1107 HANG SENG _11,***** +1719 SET INDEX J1418 1.14 JAKARTA COUP _42«.16 -016 MANILA COMP .1290.61 +83.16 TAIPEI WPI 5,798.06 +***** SEOUL COMP
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  • 69 1 FOBEX BATES ust St USS (SS per CSS)—- 1833 £(l'SS/SS per S) 1.458 183d EUBO(USS/SS/E). 0.886 L621 DM till L2M YEN 1114 7120 RM 1800 1073 HKS 7.790 4156 BAHT 4194 2197 RUPIAfi ***** 6,664 PUKE BATES SINGAPORE* 515 KUALA LUMPUR 6.40 HONG KONG 5.125 JAKARTA ».00 TAIPEI _1725
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  • 1072 1  -  Move aimed at opening up strait to small vessels Bu Eddie Toh, Donald Urquhart in Singapore THE Malaysian government yesterday unveiled revised plans to build a road bridge to replace its half of the Causeway with Singapore in a move to open
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  • 920 1  -  Petrochem plant, bunkering facilities, Senai Airport plan set to rival S'pore By] By Eddie Toh, Loh Hui Yin in Singapore MALAYSIA'S southern state of Johor yesterday announced two multi-million dollar infrastructure projects that will see the state rivalling Singapore as a major
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  • 623 1  -  By( Quak Hiang Whai [SINGAPORE] HSBC, which launched an aggressive drive to win market share following its recent winning of a Qualifying Full Bank licence, is not letting up on its campaign. Just as local banks are trimming some of their promotional offers
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  • Page 1 Advertisements
    • 88 1 DWBPB BT Comment Mixed session in directionless market. Pg 4 UOB's properties likely to stay in Wee family. Pg 3 Knowledge Economy fS Managing staff in a wired economy. Pg 16 Top Stories Japanese venture firm is new Mayfran shareholder. Pg 3 KepLand's Butterworth 8 sales slow down. Pg 7
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    • 21 1 S4SOK HOB price fair: agents NEXT PAGE When public housing goes upmarket PLUS 1 Why HK developers are upbeat NEXT PAGE
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    • 69 1 fpr Breguet. La passion lalsse des tracss. /^y Wristwatch "Grande Complication" in 18-carat yellow gold Self-winding movement with perpetual -y calendar showing -on one line the day. date month and leap years, with instant year jump V -Jt S^ J Silvered gold dial, hand-engraved on a rose engine Sapphire caseback
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  • NEXT page
    • 508 2  -  f-ii exclusive It will take up entire 100,000 sq ft in new building on Scotts Rd next year By E Kalpana Rashiwala, Vince Chong [SINGAPORE] Retailer DFS is set to make a big comeback to the Orchard Road belt early next year. It
      508 words
    • 560 2  -  Perks and low interest rates drawing buyers From t Audrey Tan in Hong Kong THE recession and rising unemployment notwithstanding, Hong Kong's property market appears to be marching to its own drumbeat. Analysts say that last weekend alone, some 500 new units were sold to
      560 words
    • 544 2  -  Byi Andrea Tan [SINGAPORE] $450,000 for a new public flat may seem like an arm and a leg when private apartments can be bought for around the same price. But property pundits say the comparison is not a fair one. For a start,
      544 words
    • 258 2 AP [WASHINGTON] There was a bus in ess-as-usual mood on Sunday at the White House, with no celebration marking President George W Bush's one-year anniversary of taking office. Asked to reflect on the significance of the day as he and his wife returned to the
      AP; AFP  -  258 words
  • Page 2 Advertisements
    • 524 2 KPMGSeminarSeries fP Goods Services Tax Workshops 9.00 am to 5.00pm, Orchard Hotel Singapore What In our continuing efforts to provide proactive, practical and seamless taxation advice to our clients, the Indirect Tax Practice of KPMG Tax Services will be conducting a series of 2-day GST seminars. These newly developed 2-day
      524 words
    • 21 2 •0 PLEASURE BOATS/ SEA SPORTS Glide your eyes over here if you love a splashing good time. The Straits Times Classified
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  • Page 3 Advertisements
    • 37 3 PRIME OFFICE SPACE 260 Tanjong Pagar Road Excellent location in the heart of the CBD Walking distance to Tanjong Pagar MRT station Flexible sizes (from 721-2,928 sq ft) and multiple floors (up to 24,200 sq ft) available
      37 words
    • 88 3 Hi Have you Achieved I HHh Today? wL p I ■IH A nagging doubt at the back of your mind? At PSB Academy, we understand your concerns. As your reliable partner in quality education, we provide practical training that puts you at the heart of the industry. |HT9 111 (fIR
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  • SINGAPORE companies
    • 410 3  -  Japan Asia Investment pays 25 cents a share for 14.7% of company By I Serena Ng BARELY a few months after the Jeje group took control of Mayfran International through a reverse takeover, its major shareholder and new executive director Johnlin Yuwono has
      410 words
    • 51 3 AFTER two years of refurbishment costing $40 million, the former Copthome Harbour View Hotel put up its new name, the M Hotel Singapore, yesterday. The 416-room hotel is part of the Millennium Copthorne (M&C) Hotels chain of the Hong Leong Singapore group. ARTHUR
      ARTHUR LEE  -  51 words
    • 231 3 CAPITALAND yesterday announced that Capita Land Fund Management will merge with Capita Land Financial to create a more integrated real-estate-based financial services unit called Capita Land Financial. The new unit, comprising property fund management and property financial services, will be a fee-based earning
      231 words
    • 145 3 Reuters SHIP repairer SembCorp Marine rose as much as 8.3 per cent yesterday in heavy trading on market speculation that parent SembCorp Industries (SCI) might take it private. SembCorp Marine closed yesterday at 91 cents, up 6.5 cents with over 25
      Reuters  -  145 words
    • 638 3  -  lock siew quak hiang whai APART from public land auctions, some of the most closely-followed property transactions in Hong Kong in recent years have been the tenders for projects above Mass Transit Railway Corporation lines. Serving as benchmarks, the tenders including those
      638 words
    • 319 5  -  But it's c&ntionsly optimistic aboat remaining profitable By\ Serena Ng GOLF-equipment company Transview Holdings yesterday reported a 37 per cent slump in net profit to $1.8 million for the year ended October 2001. But the company, which listed on the Singapore Exchange main
      319 words
    • 236 5  -  By Serena Ng THE new board at loss-mak-ing Inno-Pacific Holdings yesterday proposed a capi-tal-reduction exercise that will cut the par value of the company's shares from 20 cents to one cent. The plan is similar to one proposed by Inno-Pac's former board in April last
      236 words
    • 297 5  -  Common standard to meet S'pore users' needs being worked ont By'. Tang Weng Fai A COMMON standard for financial reporting on the Internet suitable for lAScompliant countries is set to be unveiled in Singapore by the end of this week. lAS refers to accounting
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    • 513 5 Reuters SHIPYARD conglomerate Keppel Corp shares surged as much as 7 per cent to a two-year high yesterday in active trading as analysts upgrade the stock after the news that it won a major new power contract last week. Keppel shares closed up
      Reuters  -  513 words
    • COMPANY Briefs
      • 95 5 INTRACO has appointed Dexia BIL Asia Singapore as independent financial adviser (IFA) to its directors to review its remaining 7.35 per cent stake in mainboard-listed CWT Distribution. PSA Logistics has offered 60 cents a share to take over CWT, which would value Intraco's stake
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      • 46 5 WATER treatment specialist Hyflux clarified yesterday that its sales director Foo Hee Kiang sold 35,000 shares in the open market at 97.5 cents apiece on Jan 11, saying this was misreported in its Jan 16 Masnet announcement as an open-market purchase.
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      • 35 5 COLORLAND Animation expects to post a loss for the year aided Dec 31,2001. It says the economic downturn has delayed several projects, affecting its gross profit margin in recent months.
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      • 57 5 WIZOFFICE.COM has entered into a subscription agreement with GEM Global Yield Fund and GEM Investment Advisors for a $10 million equity credit line. WizOfflce.com said yesterday it will control the timing and amount of any draw-down over the next 24 months and is under
        57 words
      • 67 5 IPCO International will acquire some 60 per cent of Explomo Technical Services from Ngooi Yim Sang, Lim Yoon Pin and Lee Kim Chye. The deal, worth 19 million, will be satisfied in full by the issue and allotment of 42.8 million new Ipco shares
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  • SINGAPORE markets
    • Article, Illustration
      311 4 OTHER SINGAPORE INDICES -tan 21 VALUE CLOSE wom -371.00 -255.00 ITCHM -*****.00 -34.00 -*****.00 .37.00 XWfcl 441.16 ->-2.28 Wipfcllm 146.38 +0.32 1425.67 +2.01 WrpfuPlip 454.73 -2.60 waummnn 208.48 +1.37 wnar+mm 207.70 40.50 ffiiclM Vefc— SembMar 10c 25.181.000 V*aylnd5c 21.279.000 Datacraft 10c 17,905.000 NOL 17.499.000 MPS Tech 10c 15.851,000 Keppei Corp
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    • 279 4  -  HOT STOCK/ WARRANT By Ven Sreenivasan THE stock of SembCorp Marine hogged the limelight as it rose 6.5 cents to 91 cents yesterday. It led the actives list with 25.2 million units changing hands, against a 10-day moving average of 2.7 million units. The
      279 words
    • 688 4  -  ■I I comment STOCKS r. sivanithy PLAYERS in the local stock market don't seem to know which way to turn. On one hand, Wall Street's weakness dictates caution and a probable exit. On the other, more "buy" recommendations are coming from an evergrowing band of
      688 words
    • 560 4  -  -j i comment CURRENCIES Range-trading tone expected ahead of more US company reports larry wee THE US dollar drifted mostly lower in Asian trading yesterday after another uninspiring Wall Street session last Friday. This suggests what may be an uncertain range-trading tone ahead of more
      Source: Reuters  -  560 words
  • 2771 4 UNIT TRUSTS FUNDS Ot»«*lS'P0t»A/S 1.20* CitiBond Spare B/S 12M Oti Money Sing Dollar das 8 1.0361/ A8N Amro AM Mgt (S'pore) Oti PaivEurope Equity Fund 107/ Star Europe Eqtyl* 0.793/ OtiSelect Asia TNt Balanced 127/ Star Europe Bd 0.98/ OtiSelect Alia Tilt <ka*h 122/ Star Europe Bal 0.87* OtiSelect Am
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  • Page 5 Advertisements
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  • FOCUS property
    • 42 6  -  lee han shih 'Should HDB, a builder of low-cost housing, go into premium flats? Developers would say no, while HDB would argue that it is merely trying to keep up with the growing affluence of its buyers.'
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  • Page 6 Advertisements
    • 640 6 i Description Single storey warehouse cum 2nd storey office 4-storey warehouse complex open yard of 12,000 sq m Land Area 25,758 sq m 277,259 sq ft Gross Floor Area 13,926.12 sq m /149,901 sq ft Tenure Lease till 2018 Call: 9621 6272/ 9688 6404 23 SENOKO LOOP -*"1 A 3-storey
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    • 20 6 The Straits ThMS f Classified whan r| virtually avery II veMdals at your 1 -ai ng V I nn9enipv A
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  • SINGAPORE news
    • 321 7  -  Consultants cite launch of OUB Centre's Malvern Springs nearby Vince Chong KEPPEL Land saw the take-up at its Butterworth 8 residential property project at Tanjong Katong tapering off to over 60 units at the weekend, against sales of over 100 in the previous weekend.
      FILE PHOTO  -  321 words
    • 187 7 THE government yesterday urged Singaporeans abroad to speak up on new economic strategies needed for the country. Promising to change "stifling" and "outdated" policies, Senior Minister of State for Transport Khaw Boon Wan said the economic review committee chaired by
      187 words
    • 274 7  -  r=tt=J on the economy outlook By 1 Eugene Low THE Singapore economy is expected to recover slowly to grow 2.2 per cent this year, according to the Institute of Developing Economies-Ja-pan External Trade Organisation (IDE-Jetro). "In the latter half of 2002, the economies
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  • Page 7 Advertisements
    • 16 7 HOME NEEDS rgi The Straits Times Classified. Classifications 90 120. Buy It. Sd h Find h.
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    • 213 7 ■'iJF*- ri r jMHKv HwJH MpJ aHUBi Vtfv- V- _>■• !>-< i A IW-iy: ..■!■< 1 i r l > iritl l 'h iV" f ill I mWmfr AU&*, Hire and train the mature unemployed through People for Jobs Traineeship Programme and we'll pay half their salaries* for six months.
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  • EDITORIAL & opinion
    • 766 8  -  ■hTT3 bottom line OPINION al labita The writer is BT's Manila correspondent PHILIPPINE President Gloria Arroyo has virtually placed her shaky one-year-old presidency on the line by allowing US troops to "intervene" in the nation's internal security problems. Street protests are mounting in
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    • 75 8 'It is only right to set the record straight or Malaysian moviegoers will be under the wrong impression that the real battle was fought by the Americans alone, while we were mere bus drivers to ferry them out' Brig-Gen Abdnl Latif Ahmad (retd) commander of Malaysian forces
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    • 525 8 EDITORIAL THE significance of last weekend's by-election results in Malaysia's northern Perlis state is not that the ruling National Front coalition retained its seat Rather, it is that Prime Minister Mahathir Mohamad's multi-ethnic front has regained a measure of support from
      525 words
    • 972 8  - Euro painless intro; now for the substance To make the new currency a force to reckon with, enrozone leaders most get serious fast about structural reform From Shada Islam The writer is BT's Brussels correspondent in Brussels WITH the euro entering its fourth week as Europe's common currency, public excitement
      REUTERS  -  972 words
    • 806 8 COMMENTARY Real recovery can't happen without stronger private consumption RECESSIONS end. This one will be no exception. One can even identify the sources of a turnaround: the reversal of the worldwide collapse in manufactured output. The question is whether this will be much more than
      806 words

  • MAIL bag
    • 234 9  -  Tan Wei Ping Singapore I REFER to your article "Sub-sales surface in condo market" by Vince Chong (BT, Jan 17). As a genuine buyer, I applaud the government's move to allow defer payment. However, it is obvious that the scheme has also given speculators
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    • 277 9  -  S H Chee Fremont, California I REFER to your column "The art of attracting foreign talent" by Lee Han Shih (BT, Jan 12). I am glad that this topic has been brought up again. But first, a bit of my background for
      FILE PHOTO  -  277 words
    • 252 9  -  Ong Yang Peng CEO Cananex Singapore Pte Ltd I REFER to your report "Wee Cho Yaw: Job cuts a 'painful experience' for me" by Siow Li Sen (BT, Jan 18). I am surprised that Mr Wee acceded to union leader Halimah Yacob's request to
      252 words
    • 141 9  -  Peramagantan KT Singapore I REFER to your report "OUB and OCBC delay layoffs until after CNY" by Siow Li Sen (BT, Jan 17). It really does not matter very much whether the retrenchment exercise takes place before or after the Chinese New Year. What really matters
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  • Page 9 Advertisements
    • 185 9 We welcome letters. E-mail us at btietterQsph.com.sg or fax us at *****71, or write to: The Business Times, Times House, 390Kim 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 in mind
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    • 139 9 YOU'RE PROTECTED AGAINST HACKERS, VIRUSES AND WORMS. BUT WHAT ABOUT ROSE IN HUMAN RESOURCES? eTrust" Security Solutions Complete protection for your entire enterprise. When it comes to protecting your business, you need security that can protect your enterprise from potential threats, no matter where they may come from. That's exactly
      139 words

  • REGIONAL news
    • 446 10 KUALA LUMPUR Growth is forecast to rise farther to 5.7% in 2003 AFX THE Malaysian economy is expected to grow by 3.2 per cent this year and 5.7 per cent in 2003 on the back of an improving global economy and a recovery
      AFX; AFP  -  446 words
    • 263 10 MANILA 11.6% rise in Budget will leave govt with 130b peso deficit Reuters PHILIPPINE President Gloria Macapagal Arroyo yesterday signed into law a 780.8 billion peso (Ss2B billion) national Budget for 2002. Mrs Arroyo was quoted in a statement as saying no major items in
      Reuters  -  263 words
    • 247 10 BOMBAY Reuters LENDERS to bankrupt US energy trader Enron Corp's US$2.9 billion power project in India are set to put it up for sale, with six big companies so far expressing interest, a highly placed source in the group overseeing the process said
      Reuters  -  247 words
    • NOTE Book
      • 60 10 Bloomberg [BANGKOK] Thailand's central bank lowered its key interest rate by a quarter percentage point, the second reduction in a month, to revive economic growth. The bank's Monetary Policy Board trimmed the benchmark 14-day repurchase rate to 2 per cent from 2L25 per cent
        Bloomberg  -  60 words
      • 45 10 Reuters [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said yesterday he had given Utama Banking Group until the end of June to find a merger partner amid speculation that the group's talks with the RHB group had collapsed.—Routers
        Reuters  -  45 words
      • 55 10 AFP [TAIPEI] Taiwan's 2001 jobless rate is estimated to have hit a historic high amid growing business closures and cutbacks, the United Daily News reported here yesterday. The island's jobless rate last year hit 4.5 per cent as the December rate remained high at
        AFP  -  55 words
      • 63 10 Bloomberg [KUALA LUMPUR] Malaysian businessman Vincent Tan, who controls Berjaya Group Bhd, bought a 26 per cent stake in Nexnews Bhd, according to a filing to the stock exchange. He paid 24 million Malaysian ringgit ($ll million), or RM2.30 a share for 10.5 million shares
        Bloomberg  -  63 words
      • 78 10 Land General's chairman quits Reuters [KUALA LUMPUR] Malaysian tycoon Wan Azmi Wan Hamzah has resigned as chairman and director of property developer Land General Bhd (LAG). The move is not expected to have much impact on the operations of the debt-laden firm. But analysts said it could delay its debt
        Reuters  -  78 words
      • 41 10 AFX-Asia VfW [BEIJING] Chinese companies raised U552,768 billion through overseas IPOs last year, double that raised in 2000, the Xinhua news agency reported, citing Wang Jianxl, deputy secretary general of the China Securities Regulatory Commission. —AFX-Asia
        AFX-Asia  -  41 words
      • 36 10 AFX-Asia [BOMBAY] Satyam Computer Services Ltd's third quarter to December net profit rose 36.47 per cent year-on-year to 1.194 billion rupees (Ss42 million) from 875.09 million a year earlier. —AFX-Asia
        AFX-Asia  -  36 words
    • 419 11  -  SINGAPORE Sharp fall in yen could trigger competitive devaluation: report By Anna Teo WHILE inflation and currency volatility have now become less of a problem for the Asian economies, one big risk to recovery is a competitive devaluation cycle in the
      419 words
    • 331 11  -  Others too showed improvement for 2001 as provisions for NPLs fell From) Harish Mehta m Bangkok THAILAND'S biggest bank, Bangkok Bank, yesterday said it made 6.48 billion baht (Ss27l million) in net profits for last year, but the financial results of many other
      331 words
    • 307 12 HSINCHU, Taiwan Taipei govt pressured by manufacturers to give them wider access to China market Bloomberg TAIWAN Semiconductor Manufacturing Co and United Microelectronics Corp, the two biggest manufacturers of chips for other companies, declined to comment on a newspaper report that
      Bloomberg  -  307 words
    • 370 12  -  100 applications already approved amid easing of rules From Audrey Tan in Hong Kong HONG Kong is expecting a surge in the number of new covered warrants issued in the next few weeks, in response to more relaxed regulations aimed at boosting the
      370 words
    • 209 12 BEIJING Bloomberg CHINA National Petroleum Corp, (CNPC), the parent of the country's top oil producer PetroChina, earned 53 billion yuan (5511.7 billion) last year, 12 per cent less than in 2000, as oil prices dropped by a third. Oil output from its fields in North
      Bloomberg  -  209 words
    • 299 12 TAIPEI AP TAIWAN'S president picked a new premier yesterday to lead a reshuffled Cabinet that will help him face what's expected to be the most crucial period of his presidency. The leadership change promoted presidential aide Yu Shyi-kun to premier, the
      AP  -  299 words
  • Page 10 Advertisements
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  • Article, Illustration
    1205 11 Transaction date: Jan 21 nrTBRBAMK CROSS KATES *> tt tor* Ffr aw m Y«* 9m "*tw g$Nfct» Pw S} K»8 STr iTS »Wt Nw4 tSS Amtn* 0134 4.279 0.5*3 3123 1)40 4.022 24.(73 ***** 0.613 6JM 1959 U14 31.037 26.401 0.945 5.941 0.057 14.053 22.654 0J59 0D6 Cm* 1199
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  • Page 11 Advertisements
    • 1087 11 IN THt MATTER Of THE COMPANIES ACT, CAR 50 [(Section 290(2)(b)] AND IN THE MATTER Of THE HO HONG STEAMSHIP COMPANY (1932) LIMITED (In Members' Voluntary Liquidation) NOTICE Of RESOLUTIONS Al an Eitroordinory Generol Matting of rh« Company hold at II Church Street *02-00 OCIC Centre South Singapore *****9 on
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    • 685 11 Standard ft Chartered *****,000,000 Floating Rate Negotiable Singapore Dollar Certificates of Deposit due on 22 July 2002 In accordance with the provisions of the above mentioned Certificates of Deposit, notice is hereby given that for the Interest Period from 22 Jan 2002 inclusive to 22 Apr 2002 exclusive the Interest
      685 words
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    • 1381 11 KTHEMATTER Of THE COMPARES ACT CAP 50 1) SPRAYS SWPWNG (PTE) LTD. 2) FLORA NAVIGATION [PTE LTD. 3) SUNNY SHPHNG (PTE) LTD *)OSSUNSHPPWG]PTEHTD 5( LOTUS SMPPMG JPTL) LTD. 1 CACTUS tMMTNE(PTEJ LTD. 7) AMARYS NAVIGATION (PTE) LTD. 8| ADOMS MAWTME (PRIVATE) LUTED (In Mambtre Voluntary bquKtebonl AH* iwoectwe ExtraorJnary Genera
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  • Page 12 Advertisements
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  • Page 12 Miscellaneous
    • 313 12 CRYPTIC CROSSWORD I I l —U ACROSS tant items! (7) 1 Approach taken about 5 Finding rent etc is possibly newspapers applying the making one cross (9) squeeze (11) 6 More gullible, but at the 7 Spirited musical instruction same time more colourful (7) (7) 8 The man's composing songs
      313 words

  • 1651 13 8I00M FUTIIMBB j an 21 RWKX Um (OHk| pirn) RSS1<Scmti/h0 OMt Mm OpM 52* \m Srtt Mm** F*02 104.00 M*02 ***** Apr 02 I0SJ0 02 106.00 tSS SdScMb/lq} VOIMM OpM u» im (tww) fctarwt F«fc 02 55.50 650 Hv 02 59.00 56.75 5625 700 2300 56.75 57JO 1275 2675
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  • Page 13 Advertisements
    • 199 13 Inivcrsit* ofMichigan Bf| Business s School I Jon us in Asa 2002 to find solutions toyDurtusnessprobiems prr f The Mchgan Busness School has 75 years of hstory defcwnng effective solutions Phuket, Thailand Senior Executive Leadership Program in Asia March 11 22, 2002 Singapore Finance for the Non-financial Manager March 4-
      199 words
  • WORLD news
    • 447 13 •ENRON NEW YORK Republican senator says 'let's get everything ont and get it over with' FT. Reuters AP UNITED States Vice-Presi-dent Dick Cheney yesterday faced calls to make public more details of his contacts with energy company officials when he was conducting a
      FT.; Reuters; AP  -  447 words
    • 301 13 LOSANGELES Bloomberg VIVENDI Universal SA's A Beautiful Mind won the Golden Globe award for best drama, and News Corp's Moulin Rouge! won the award for best comedy. Russell Crowe and Sissy Spacek took the best dramatic acting trophies for A Beautiful
      Bloomberg; AP  -  301 words
    • 319 13 AFX (WASHINGTON) Economic indicators to be released in the coming week will show that historically low interest rates are continuing to underpin the housing market as one of the more robust sectors of the economy, economists said. In an otherwise light week for
      AFX  -  319 words
    • 354 15 BUENOS AIRES Report says they are offering to bring in fresh capital as part of the deal AFP LEADING foreign banks in Argentina have offered to bring in fresh capital if the government lifts banking restrictions, and have urged authorities to
      AFP  -  354 words
    • 346 15 MADRID Spanish hardest hit with USs3b costs; others, USs2b Bloomberg EUROPEAN companies have invested about US$5O billion in Argentina since 1994, accounting for more than half the foreign investment in the South American country. Now they are paying the price for that exposure. The
      Bloomberg  -  346 words

  • 4589 14 Transaction date: Jan 21 for more, go to umTwxisiaonenTriarketsJxnn HONG KONG KGMa. osa -0.01 3S9S6 Vol mterchina Hldgs 0.96 -0 07 8825 HKS W- 'tOO Interform Ceramics... 0 02 unch ***** Wtl Bank of Asia 183 -003 1740 AcrooAsia Multimedia .0.43 unch 0 iftegent Group .0.16 0.01 354
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  • 2268 14 Transaction date: Jan 21 KUALA LUMPUR *_<» 21 Vo i FraserftNeave J. 74 inch 3 m a- raaot FS8M unch 32 1=5 FW Industries 1.06 -001 61 A AMRealty 1.13 0.03 132 Gadanq '-42 0.02 38 Abric .2.01 -0.04 171 Gamuda 4.74 -0-04 701 ACP Industries .3.14 0.02 139
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  • 738 14 Transaction date: Jan 21 mtnu ■> O— <>—i «Hiw 1 q— o—. C«C 432 UOO ♦O.OM NMSMSOc aw IJOO CapcaLand 141 1M -0420 03C UC 11.700 *0100 OwtMCond 141 4-700 OUE 491 *4090 9*£»"L 2J7 UOO -0490 Pvtway H 25c 049 0429 4410 OmMmTZSc 0.74 ***** *0400 SGX 1c
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  • 654 14 BONDS WARRANTS iam MCw (Mr M» «<r- rW9|0a— W» %8iiiIm UH AST11MM0621 24 ireh 19 1 16 7 156 29 Aon* lid W*****6 u -0.S 177 t 50 435 236 34 AmtekW*****0 34 1 33 6 135 41 Armstrong W040S20 4.5 1 10 3S 233 29 As»afooc*> W*****2 05 1
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  • Page 14 Advertisements

  • 5591 15 Transaction date: Jan 21 for live prices, log on to umm\asiaonemarkets£om UM \M My Last Quota CrtN* 0t» GrTW MM MCap WtAvg Ciwn«> Sale W- f«—» I—i L—r 8»yar Sdhi Cw P« Si3 Ma 9 6 ABNAmroWLG 56c 9 34 138 22.5 8.5 c ACE IXnamics20c 14 unch
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  • 42 15 31. r!S. JF «k> MKk Vital c«ggj w- rm m+ u» m*m m» CW K S3 11*0 BIO s Dwmondi US990CM WO *30 s BMIBT«h US5M0 555 MO > ISMSOSporv UMBO 1?9X 9870 s ISSAP500 US11S60 ***** 9950 s VD« US*****
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  • 1396 15 <t-> a a suts :::gay s. g "4' ZJXllfn "2 911 52 5 50 50 5,5 W 2 ej 51 say—S, 5 ti S? S .5 SJJSSEfeizr:" n .u m M is C 24 503 X 24 24 24.5 27 1.7 27* 173 23 '»C H 16 Its
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  • 366 15 IW Omi IMQuH GrfMv Mo CttH MM MCm ■*> t— CilMI Ud* W- O U» «*> Cm m «3 IW CO AVJmingiAZScA 84 (1 85 40 3.4 119 4.9 1808 720 265 2.1 74 24X62 ChMigK3ngS0cHK_ 1710 240 6J 6.7 3 *****5 13 Oty« Safcjtwrvu HK. 45 2
    366 words

  • KNOWLEDGE economy
    • 927 16  -  To maximise 'people effectiveness', bring together e-business and people management expertise, says IMDRAMEEL ROT INDRANEEL ROY The writer is the Singapore-based Asia-Pacific business head of Hewitt Associates, a global management consultingfirm Technology was supposed to lead us to the "Promised Land" of less work,
      FILE PHOTO  -  927 words
  • Page 16 Advertisements
    • 133 16 Ww m mr sold almost 3 million i| the 111 i# > w«Hd V Si H >+ no Singapore lor I I k pre\ C.rammv winning album V I sold 2 million I pro ions album spent 66 weeLs at 91 l xclusivc Priority Booking onlv for Citibank Credit Cardmembers
      133 words

  • SHIPPING TIMES
    • 276 17 Reuters THE Baltic Dry Index (BDI) fell five points to 964, the Baltic Panamax Index (BPI) dropped 19 points to 1,067, the Baltic Handymax Index (BHI) shed 13 points to 6,775 and the Baltic Capesize Index (BCI) was up four points to 1,080. ♦Mona Pegasus (built 2000) 172,571
      Reuters  -  276 words
    • 244 17 CWTOMMIM—0.63 -0.01 S3 CI»wNl» 040 uncft 242 Coaca tovastrnwrt .-0.2] uncfi 535 FrvMttLMu 0.07 MX 3*4 C*IMng« 0.50 undl 0 IMC HoWnqs-HK 5.60 uncti 0 JayaHoMnqt 0.19 o.oi 2314 KappalCarp 3.70 ai6 ***** Kappa* Marina 021 uncft 478 KTM 109 uncft M Marin* 0J7 uncft 100 MaUlett 0-34
      244 words
    • 619 17  -  US Customs Service proposing elaborate security plan involving world's top 10 mega-ports By Beth Jinks [SINGAPORE] Transhipment containers passing through Singapore destined for the United States could be x-rayed and electronically sealed here if a drastic security plan proposed by the head
      ARTHUR LEE; US CUSTOMS SERVICE  -  619 words
    • 353 17  -  China port to spend 6b yuan enlarging container, crude oil docks By\ P T Bangsberg AUTHORITIES in the Chinese Port of Ningbo, the second largest on the mainland, will invest 6 billion yuan (551.32 billion) to expand capacity in the next few years.
      353 words
    • 189 17 LATEST Bloomberg {LONDON! P&O Princess Cruises, the third-largest cruise operator, rejected Carnival Corp's sweetened hostile bid of £4.42 billion (US$6.4 billion) and reiterated its plan to buy Royal Caribbean Cruises Ltd instead. Carnival's revised proposal "has added nothing at all in commitment and, whilst
      Bloomberg  -  189 words
    • 246 17  -  By] Donald Urquhart [SINGAPORE] As part of the US policy to shift cargo security inspections to the port of origin, the US Customs is seeking to post its agents at major Canadian ports to preclear shipments destined for the US.
      246 words
    • FIGHT FOR P&O Princess
      • 794 18 Carnival has raised its hostile offer for P&O Princess Cruises to £3.5 billion, making some big shareholders seriously think about whether they should hold talks with the world's biggest cruise line Reuters [LONDON] DIVISIONS are emerging between big shareholders in P&O Princess Cruises, as
        Reuters; AFP  -  794 words
    • 131 18 PACE Fuhai 4 Append* 5 rrnr-n 4 BSA 6 Gemartrans 4 B'tang Mas 6 Hangli 6 CMACGM 3 Hyundai 4 COSCO 3 Heung-A 3 Columbus 6 5 i Central E* 6 IRISL 5 CW aw 5 Kim Hung 6 c w 'mm 4 t CVT GloMM 6
      131 words
    • 12843 23 THEBUSINESSTIMES EXPORT rayc r ETA ETA Advertiser Vessel Voyaqe Talephone ETA ETA Advertiser VhmI Voyaqe Talephone SIN Dast n Nama Name lunt* Num&K SIN Dest'n Nam* Nam* Number Nuimber 10/02 23/02 Hyundai MM KOTA HARTA 005W 65-*****11 lb ABIDJAN (ABJ) 2003 Cot* O'I voir* n/02 02/03 Hyundai MM
      12,843 words
    • SHIPS IN PORT
      • 759 25 VkmI Voy No B*rth Arrival Dcparti Octmpndt 1 21/01/6:45 21/01/20* Tg JoOor« V220V J07 21/01/8:40 22/OVO RICMmmI 2 02-JM J03 21/01/840 22/01/8:0 S»M Arrow 187 J* 21/01/7:45 2270V8-0 Mb* 202 JM 21/01/8:00 2 2/01/15 < •injur 2 09S02 J03 21/01/8:15 2V01/114< Bt P» Tttor ***** JO! 21/01/940 2VOV23C
        759 words
      • 1892 25 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Booklng/Manct Rstls Ship Voy No Etb/Btr Ptriod From To From ACHKVM 413 21/23 00 20/800 20/1*59 20/1900 a 20/T700 21/0*59 2V09OC 20/1700 2V0659 21/0900 I 21/0700 2VT159 21/U00 4 21/BOO 21/1459 21/1700 ACINAMOUA 04*A 22/100 20/800 20.1659 20/1900 U 20/1700
        1,892 words
      • 221 25 JuuryM Australia: Australia Day Mnuyl Malaysia: Federal Territory Day Pih in i j New Zealand: Waitangi Day MnuurU Japan: National Foundation Day Taiwan: Chinese New Year Eve Vietnam: Chinese New Year Eve FtkmiylS Brunei: Chinese New Year China: Chinese New Year Hong Kong: Chinese New Year Indonesia: Chinese
        221 words
      • 776 25 THIS report, compiled by Cockett Marine Oil Ltd. thorn price nuice* in US dollar* Instead of tingle prices for a more comprehensive description at the market. Price* shown are baaed on averagesued stem. Market movements are indicated The Cockett Bunker Price Index change and the Individual
        776 words
      • 436 25 Carton ISO Max 967.0 10 IS.4 0.07 68 0.04 JM17 Density Utter HsMm Wtmktm fc—1 NoabowE25 0 0 2 0 0 0 %H/H 380 Aw 984.3 0.2 13.4 0.05 29 0.02 to« 380 Max 990.4 16 17.2 0.07 71 0.04 M/WI *W %M* »M/M mi mm*
        436 words
    • AIR & LAND transport
      • 755 26 Rising chip prices are a good sign for cargo carriers; analysts see global recovery Bloomberg {SINGAPORE] Korean Air Co, EVA Airways Corp and other Asian carriers may extend their share rallies as investors bet recovering demand for electronics will spur airfreight sales and herald
        Bloomberg; AFP  -  755 words
      • 402 26 Police in Iceland fonnd no explosives onboard aircraft Dow Jones Newswires [ORLANDO] Passengers flying from Britain to Florida aboard a Virgin Atlantic Airways flight said on Sunday they were asked to give handwriting samples after a bomb threat scrawled on a bathroom
        Dow Jones Newswires; REUTERS  -  402 words
      • 324 26 Reuters [WASHINGTON] A presiappointed board has recommended a pay increase for mechanics at United Airlines although it sympathised with the carrier's claim that it cannot afford wage hikes now because its survival is at stake. The Presidential Emergency Board recommendation to the White
        Reuters  -  324 words
      • 228 26 Reuters [LONDON] Ryanair, Europe's biggest budget airline, said it was looking to expand its fleet by up to 100 aircraft over the next five years on strong demand and was most likely to buy new or used Boeing planes. The move comes after Easy Jet,
        Reuters; AFP  -  228 words
      • 219 26 AFX [HONG KONG] Hong Kong Air Cargo Terminals Ltd (HACTL) said total throughput in 2001 fell 9.0 per cent from a year earlier to 1.591 million tonnes. For the fourth quarter, cargo handled fell 6.0 per cent year-on-year to 455,358 tonnes, it said.
        AFX  -  219 words
      • LOG Book
        • 68 26 AFX [TAIPEI] EVA Airways has launched its first flights between Taipei and Phnom Penh, the company in a statement Officials from EVA and its Cambodian partner President Airline held a ribbon-cutting ceremony at Chiang Kai-shek International Airport in Taoyuan near Taipei to inaugurate
          AFX  -  68 words
        • 81 26 Dow Jones [NEW YORK] Baltimore-Washington International Airport will become a laboratory for testing the latest security technology and training methods as the federal government undertakes its sweeping effort to build a new airport security system for the nation. Transportation Secretary Norman Mineta said, the Washington
          Dow Jones  -  81 words
        • 87 26 [HONG KONG] Cathay Pacific Airways will not be charged by the Labour Department over allegations by nine pilots that they were illegally fired because of their union activities. South China Morning Post reported, quoting a Labour Department spokesman. The spokesman said the Labour Department
          87 words
        • 69 26 Bloomberg l WASHINGTON] Owners of 1,090 Boeing Co 737 aircraft must inspect a tail-control system alter reports of vibrations during flights, the US Federal Aviation Administration said. The rule, which takes effect on Feb 19, may cost carriers as much as US$2.7 million and covers
          Bloomberg  -  69 words
      • 1751 26 BIT FUQff ttt FUQIT CIO 8*7306 *25 S026 2350 MHm» IH9770 2230 *25 IIIT» 2399 an ****** 2359 Aastertaa S023 0(25 6*974 0130 1—S02M W 11*37 1545 *1438 2300 X* ***** OOP «M Qg lM|rt«< S0003 1910 C2352 0*0 *■>■—rtw mOU 0645 COM g» MX mm
        1,751 words
  • Page 17 Advertisements
    • 7 17 P&O Princess Cruises split m r HB*
      7 words
    • 18 17 Asian airlines may extend stock rallies ■BACK PAGE Bomb threat on Virgin flight only a hoax ■BACK PAGE
      18 words
    • 427 17 Danzas has appointed Thomas Ntesznsr as chief executive of AEI Intercontinental for Asia Pacific From his Singapore base, Mr Neiszner is responsible for regional \j organisation covering about 3,600 employees in T7 countries. With 27 years' experience in the logistics business, Mr Neiszner K>ined Danzas in 1995 as air/ocean marketing
      427 words

  • Page 18 Advertisements
    • 493 18 NORTH AMERICA QULFIINDIA SUB-CONTINENT MBMimiEiHiMilW laUfmmcMipwtortioo I vcsa *2! m vcsa vor ju m f™!*" ooauaaa stwoi m/oi ***** «7oi OOd CMfOHM 5 Vim 10/01 03/0 I 05/01 HONBUOWBOMOMNM ox 1»/01 10/01 17/01 OOQIKWTOM IMW3 23/01 12/02 NBUOYOCUWW OK M/ 01 24/01 03/02 ftIHA EXPRESS WBB' VMCO $H 11/11 02/02
      493 words
    • 666 18 tinw *fvicw npmmfd by M«mber* of Ragiilry of '9MmmbmncH* AloCT Shaping Agwh, Ziimg7 Sin 9 Q P or Lofl'»»»c* Singapore Shipping Anociolion AwocioHon a" *•>•» v--.. I^7^% VBSa I VOY I ETA EU TIU V f. KUN6 SfOKE MALI Princws Lily V 0202 08/02 09/02 16/02 Empfwilily VOlO2 21/02 22/02
      666 words

  • Page 19 Advertisements
    • 1059 19 TO USA (SAX SERVE!) VtSSfL VOY SIN ETA LAX OAK DAI HOU CHI CO! MEM An NYC ATI ENGLAND 107l_ 23/01 07/03 12/02 U/02 12/02 13/02 17/07 14/02 14/01 API CANADA 1021 30/01 14/02 It/02 19/02 19/02 19/02 20/02 19/02 21/02 21/02 API SCOTLAND 1041 04/02 21/02 20/02 20/02 20/02
      1,059 words
    • 1652 19 It AMR T/TiIOMYSI XIMI T/Ts UMTS I AQABA 1 T/T sl4 iAYS J rSSrASTJiSEftm IT* SiSSSfJLSU /43 —M>W* OfUCI PASIIGUOANG TEL 07-******* FAJL 07-*****70 COSTAR SHIPPING PTE LTD G o, l•*• W, ONTMNDP/U 4205W2 23«5325/7S KMTUANG *****33*33 03-*****4*1 CINO: **********0 M TIL 22* 1900 (MAM) MWA*D(CO, ***** M *****19/49 KNANG
      1,652 words
    • 340 19 KMTC is launching a new fixed day direct service from Singapore to Shanghai with first sailing 'KMTC Hongkong' Voy. 20IN ETA Singapore 30th January 2002 Aftfti Mslsviis Shipfisf w. Uipp«M A»Mdn ru in. fcfc *****50 Mi-TV? 7H7(h.) Ml-*****MJ I** hi: TMtllt/nMIIS l«<lM lUfrH Mwl" M- »M k.— P—rfM) 04 74)0444
      340 words

  • Page 20 Advertisements
    • 1132 20 HMk HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOT 51 I SOU UH I Rl» lAMI«■ I MV Ivtssa IVOT [SOU Il» R« I AMT I NAM IMV ai HYFORMf »W* 21/11 12/02 06/02 07/02 00/02 •asaUTKW OOX M/ 01 05/01 01/01 n/oT Aft am oot w 2s/oi 11/02 14/0211/02 u/02
      1,132 words
    • 675 20 MBHifl W»a VOT SM m on ua umwt mr ASIA EXPRESS 150 A |1/|| 09/01 17/11 IS/01 01/01 ISIA 23/01 21/01 V/ 91 79/01 IS2A OS/02 03/01 09/02 11/0} IMA 17/97 IS/02 21/02 23/02 rasa vot snu mum mma shulm my umum mmoAst nmur «wa« 1/02 13/01 IS/01 SAMIS si/01
      675 words
    • 570 20 m 3<sa&&, WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTOR! TO ALL NORTHERN AMO WESTERN CD FOOTO PCI TO COCHM. TUTICORM Ma COUMM A KANDLA Ma WOK SHEW I— -umif 11 an ZUM J&MSEL. ■kuso MM Nil* lfa SB mm mmm uj *11* ni immimukss 007* <FB 7m 175 mm —Momr wtfwdisi
      570 words

  • Page 21 Advertisements
    • 1500 21 IVKSSa VOY KMH HKO MN PKI PXI »*l PMM Mt MV LMDAVIA PCL-243 20/01 ***** 26/01 27/01 03/02 04/02 06/02 0«/02 MANKMMAN PCL-244 27/01 30/01 02/02 03/02 09/02 10/02 12/02 14/02 ■AN ISFAHAN PCL-243 03/02 06/02 09/02 10/02 17/02 It/02 20/02 22/02 ■ANHOftMOZGAN PCL-246 09/02 12/02 16/02 17/02 24/02 25/02
      1,500 words
    • 388 21 UK CONTINENT SERVICE Loading for NEW EMERALD RDM/ATW/BMNAJK/LPL EXPLORER II RDM/ATW/BMNAJK/LPL Loads Singapore, EVW Mntoywa. Indona— MIDDLE-EAST SERVICE Loading tor LOK PRATOP 081/ABU/DOH/BRN/DMM/KWT ZEYNEP ANA JDH/AQA/DMT EVERISE GRACE D6l/ABU/DOH/BRN/DMM/KWT CORALI 081/ABU/DOH/BRN/DMM/KWT JIN SHUN HOOEIOAH/JEDOAH/AQABA PAN EXPRESS 081/ABU/DOH/BRN/DMM/KWT ■Lowto Singawre, E7W. Mataym mdonewi USA SERVICE Loadngfor ASWAT CAM/NFK/SAV/NOUTPC YELLOW KNIFE CAM/NFK/SAV/NOL
      388 words
    • 746 21 JBsa m at r«» jassa mum tsm nm 24/ei mciau mi u/il S/ii —onpttssi Mao/i n/n ts/n |fe~T T fa -g£|gfi mm a/g w/w ntjomnia go 31/01 01/n -ffiSß HH 91 IB SIS JSSSft vor si sit tat WMHttH Sill Htfl ***** M/ 01 KOUKtUAM M 377 13/01 rMMKIA 1144
      746 words

  • Page 22 Advertisements
    • 1078 22 Bnww/w/iciwnnnyio EXPORT vBSB/wna Iwl |wK|w»inr lai juiT IJUPSSBOI3IOI2W 27/D1 »V<g WB \W mi ivtt ivo? imp avo? 2i/ta UI—XH3MSW 71/Q ZVP coco <*79*004 mi nm rw r/n vmnm lAST AMP our WXIMANIMH/MAiCK ISA grow msBL/wna iso im gna Ipos locn vie \m~ J6UIMOKSWW [24/01 IItVTB IVCO JIVW 14/02 17/07 22/07
      1,078 words
    • 754 22 [TO: M/MOWH tUIOH MOTS WMfcll MVIII KM jm m m m IMB rai ami Itt HQKASIA HAMBURG 203-06 25/01 L2ZB2 14/02 IS/P? 14/02 17/0? CMA CGM NQRMAHME I4CW 31/01 lZZjg UM 21/02 2S/02 73/0? IVIUJEDAMIAtB I6SX QS/02 04/0? 24/0? 24/0? 27/02 03/03 01/03 Acopling cargo to ol UK inland daslina*om
      754 words
    • 502 22 MYANMA FIVE STAR UNE Wr—ll NHwd UM) W (m*| far TufN «0T SM m nn POI ■OKU WW su (Mi SMWI MR SW 01 Tirmn firrmn tnrnii awmm warn KUL IE «»-*****1M HL Ift W-JI7UIII rat m M-MiMti rut i& w-uimi/* BANK LINE (A Mrvkt tl Aairtw VMr SMpptaf) NOKTHftOUWD
      502 words



  • Page 25 Miscellaneous
    • 127 25 B^^^^^ fSL FOR 7 AM 22 JAN 2002 /j» K LEGEND: Issued by Meteorological Service Singapore K Thunderstorm A Showers Rain Temperature S w |nd diwctlon and spood in knots Cloudy Day Weather Hazv Wind speed symbols Sea Conditions O Full circle w/o line indicates calm or light and variable
      127 words