The Business Times, 19 February 2002

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Total Pages: 30
1 30 The Business Times
  • 14 1 THE BUSINESS TIMES Internet Nip.//business-times.asial .com.sg/ SINGAPORE TUESDAY. FEBRUARY 19. 2002 MITA (P) 107/03/2001
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  • 68 1 1,710.74 (-7.53) □si 73L8B (-2.39) □sr nan ramus 1,7I1J0 (-6.00) nsnnanmnES Mma»(-no) STOCK HAIKET INDICES Monday Change KLSECOMP 721.18 -056 NIKKEI 225 _!0,U932I +45.15 HANG SENG—11,***** +4013 SET INDEX 375.83 +261 JAKARTA COMP _4e«__+12f7 MANILA COMP .1,438.83 +2200 TAIPEI WP1 5368.61 +4253 SEOUL COMP ***** +*.78 SHENZHEN B
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  • 64 1 FOBEX BATES us$ ss USt(S$ perils) 1.829 1.433 1620 EUR0(US$/8$/E). 0.374 1^98 DM 2.238 1224 YEN 132.7 7160 RM 1800 1078 HK$ 7.799 4J65 BAHT 48.60 23.84 RIJPIAH- 10,245 5,(02 PUKE BATES SINGAPORE* 515 KUALA LUMPUR 6.40 HONG KONG 5.125 JAKARTA 39.0(1 TAIPEI 6728 TOKYO 1376 SEOUL 9# FRANKFURT.
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  • 649 1  -  Joint study groups to look Into idea of creating five dusters for closer bilateral cooperation From] Harish Mehta in Bangkok PRIME Minister Goh Chok Tong took bilateral relationship with Thailand to a higher level yesterday by announcing a new vehicle to
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  • 858 1  -  Earnings hnrt by thinner provisions, goodwill charges Byi Siow Li Sen [SINGAPORE] DBS Group Holdings yesterday reported a 28 per cent fall in net profit to $999 million for 2001 coming close to market expectations even though earnings were dragged down
    ARTHUR LEE  -  858 words
  • 233 1  -  From Anthony Rowley in Tokyo THE Tokyo foreign exchange market was thrown into confusion yesterday when visiting US president George W Bush said he had discussed "the devaluation issue" in his talks with Japanese Prime Minister Junichiro Koizumi. Could this mean that
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  • 600 1  -  The decline is also the smallest in nine months By i Chuang Peck Ming [SINGAPORE] Singapore's non-oil domestic exports (NODX) fell 4.1 per cent in January from a year ago pleasantly surprising the market which has been expecting a sharper 9 per
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  • Page 1 Advertisements
    • 77 1 ihside Top Stories Senior managers seen as biggest stumbling block to innovation. Hmxt Pmgm SembCorp Marine profits up 3.7% to $83m. Pg4 Schroder's unit trust assets up USs2b in '01. Malaysia Airlines files police report against Tajudin and 3 others. *911 Golf Caftex Singapore Masters 2002. *g» 17-19 BY Comment
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    • 37 1 Hock Lock Slew: DBS' results fair, but better expected in 2002, Pg 4 DBS Group an enticing medium-term play, Pg 6 Bash |DM easy on Japan's economy, Pg2 USB fails to rally despite Tokyo silence, Pg 6
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    • 76 1 More Thai-S*pore tourism projects seen, Next Page ■Hsr"m JKr Breguet. La passion laisse das tracaa. Wristwatch "Grande Complication" in 18-carat yellow gold Self-winding movement with perpetual X AgH yy calendar showing on one line the day. date month and leap years, with instant year tump Silvered gold dial, hand-engraved on
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  • NEXT page
    • 690 2  -  No stern lecture for Koizumi, who in turn voices support for anti-terrorism Frorm Anthony Rowley in Tokyo PRESIDENT George W Bush gave Japanese Prime Minister Junichiro Koizumi an easy time on Japan's economy yesterday, rather than delivering the stern lecture that financial markets had
      AP  -  690 words
    • 617 2  -  Survey also finds middle managers are not equipped to flesh ont ideas on creativity Byi Anna Teo [SINGAPORE] Singapore managers, especially. in the private sector, are extremely their organisBut senior management is seen as one of the biggest stumbling blocks it is supposed
      617 words
    • 210 2  -  From] Harish Mehta in Bangkok THAILAND is prepared to consider giving fifth freedom rights to Singapore airlines that fly to its holiday resorts like Phuket, Chiang Mai and Haadyai. Under the proposal, Singaporean airlines would be able to pick up passengers from these
      210 words
    • ON THE grapevine
      • 93 2 TIMES are so uncertain, it seems, that even head honchos of listed companies can't discern their future a year hence. At a DBS Group news conference yesterday, a reporter wanted to know if the composition of the bank's corporate office will remain the same a year from
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      • 106 2 PHILIPPE Paillart, chief executive officer of DBS Group Holdings, was very much present at yesterday's news conference. He spent more than 20 minutes going through a slide presentation of the group's year-end results. But Mr Dhanabalan's non-answer to the above question made inquiring minds read more than
        106 words
  • Page 2 Advertisements
    • 261 2 V V > 1 1 *|F Nanyang Business School |k \fS/ Nanyang Technological University #r" 'H' Ck 5 In collaboration with p rk vS Carnegie Mellon MAIN FEARJRES OF THE PROGRAMME I A rigorous interdisciplinary programme that integrates the techniques «\fc provide our and concepts at the forefront of Finance,
      261 words
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  • Page 3 Advertisements
    • 123 3 m w k A Simulated next-generation vehicle information system /O ->. =n> Someday the car and the computer will With our in-depth knowledge of every nitaiK t% >!■ merge. Onboard IT systems will monitor element of the network—from satellites and s<^y^*— location and running condition while giving chips to encryption
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  • SINGAPORE companies
    • 550 4  -  It also divests JTIC stake for $28m to focus on core businesses Byi Conrad Raj SEMBCORP Marine (SCM), which reported a 3.7 per cent increase in net earnings to $82.74 million for the year ended December 2001, said yesterday it has sold its
      CHRIS LOH  -  550 words
    • 811 4  -  rtm lock siew quak hiang whai ANALYSTS and the media keenly awaited DBS Group's full-year results yesterday as an important report card that could shed some light not just on the state of the banking sector but also on the Singapore and
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    • 167 5 AFX [LONDON] CGNU pic said it has extended its bancassurance partnership with DBS Group Holdings Ltd to enter Hong Kong's long-term savings market, and as a result will buy some DBS Hong Kong companies for £31 million (SsBl million). CGNU said
      AFX  -  167 words
    • 335 5  - ST Elec wins 192m MRT subsystems deal It's In partnership with France's Alstom Transport and Alstom's S'pore office By\ David Boey SINGAPORE Technologies Electronics, a unit of defence giant Singapore Technologies Engineering, said yesterday that it has won a $192 million contract for railway subsystems to be used to extend
      335 words
    • 246 5 STRONG earnings from the buoyant shipbuilding industry have helped boost half-time net profit for shipbuilder and operator Jaya Holdings by 47 per cent to $11.1 million. Jaya Holdings, which carries out its shipbuilding activities at yards in Singapore and Batam, also said
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    • 409 5 It's tight-lipped on talk that it's eyeing stake in Indosat Reuters SINGAPORE Telecommunications Ltd's shares flirted with their all-time low of 551.61 yesterday as the company stayed mum on market talk that it may be eyeing a stake in Indonesian phone company
      Reuters  -  409 words
    • COMPANY Briefs
      • 68 5 KEPPEL Corp said yesterday its subsidiary Keppel Fels has won a US$3O million rig upgrading contract from GlobalSantaFe. The upgrade of Rig 136, a cantilever jack-up drilling unit, will include refurbishment of the accommodation quarters, helideck and derrick replacements, as well as modifications to the
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      • 67 5 EXCEL Machine Tools expects to report a 2001 loss despite cost-cutting efforts. It said its second half2ool results won't better those in the first half because of the weak global economy, aggravated by uncertainty after the Sept 11 terrorist shock. As a result, the
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      • 74 5 FIRST Engineering said its performance fix-the six months ending Mar 31,2002, is likely to be in line with earlier guidance that profit would be maintained in the second half. It also revealed it was examining options and proposals for strategic alliances, and the possible
        74 words
      • 89 5 w MULTI-CHEM has entered into an agreement to sell its JTC leasehold factory at Tuas T.lnk to Pi9cean Chemicals for $2.45 million. It said that because of the depressed state of the industrial property market, the price is below book value, which was $2.7 million
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      • 171 5 Dow Jones Newswires IPC Corp unit Thinsoft (Holdings) plans to raise HK$5O million (5511.7 million) through a listing on Hong Kong's Growth Enterprise Market. It will place 125 million new shares with professional and institutional investors at 40 HK cents per share. The
        Dow Jones Newswires  -  171 words
  • Page 4 Advertisements
    • 56 4 *»r' When the market is at it's what happens to the money you put in now? Head Office Cecil St 880 0688 Email: enquiry@sbsl.com.sg 01 MO ADIID A Our Branches Ang Mo Kio 458 4222 Beach Road 292 1459 Bedok 445 8255 Bukit Timah 467 1916 East Coast 348 8262
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    • 261 4 DA]>JJ£L DJji "DIVI KS( OH 111« M 11.111« I < > < i•■w I i i<K\ i r .il lIMI i' lIMII I' (I ,ll I I I'• /I I ((l||||<ll!<ll I>\ 1111 <I<' A 11 ,11 '< I < I'M I I 111 >111, il l< lll<<l I. II
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  • SINGAPORE markets
    • Article, Illustration
      326 6 OTHER SINGAPORE INDICES Feb 18 VALUE CLOSE ST OWDS -319.00 -240.00 KTCAM -*****.00 BT10-4ay MA -*****.00 -32.00 mjatpHw 461.97 1.68 WMk»Bid 152.12 -2.42 SBFyMn Fh 1561.43 11.40 478.46 +5.41 221.18 -0.99 SRMSCt Ftrtarw 220.80 1.10 Stocks Vohn* IPCO 20c 36,698,000 SingTel 15c 15.420,000 SembCorp Ind 25c 12,719.000 JurongTecti 10c 11.761,000
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    • 256 6  -  EOT STOCK/ WARRANT By\ Ven Sreenivasan DBS Group posted lower-than-expec-ted net earnings of $999 million for the year ended December 2001 a 28 per cent decline from the previous year's profit. Perhaps anticipating this, some players sold the stock during the final
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    • 730 6  -  i-i I comment STOCKS ven sreenivasan IT was a disappointing day for those hoping for a postChinese New Year market rally after the holidayshortened week. Stocks drifted sideways in lacklustre trade as many investors stayed sidelined ahead of the earnings season. Still, it was a measure
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    • 295 6  -  Sterling rose above US$l.43 while Sing drifts lower larry wee THERE was no sign of any rush to buy US dollars yesterday in Asia, despite the lack of fresh initiatives from Tokyo following a visit by US President George W Bush. Hopes were
      Source: Reuters  -  295 words
  • 3099 6 UNIT TRUSTS FUNDS AM Ann Asset Mgt (S'pore) Star Europe Eqty! A 0 768/ Star Europe Sd 0 95» Star Europe Bai 0 856/ Star Asian Tiger Eqty 0801/ Star Asia Bond 1234/ Star Asa Balanced 0-851/ Star Global Technology Fund 0279/ Star Bhv Finance Japan Fund!" 0 729/ AM
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  • SINGAPORE news
    • 432 7  -  fill exclusive Inflows mainly from HE, S'pore on the back of gn&r&nteed fond launches Byi Genevieve Cua SCHRODER Investment Management's unit trust assets in Asia surged by US$2 billion last year at a time when most equity markets finished in the red.
      ARTHUR LEE  -  432 words
    • 367 7  -  By Serena Ng DISGRUNTLED members of Pinetree Town and Country Club appear to have decided against trying to replace the president of the Society of Members at the club's annual general meeting next Monday. Yesterday was the last day for submission of proposals
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    • 347 7  -  Project worth np to As3oom to be a one-off investment By: Ronnie Lim SINGAPORE Power International (SPI) will leverage on its Australian transmission investment its largest overseas to date by building a power station there for AS2OO million (*****.2 million) to As3oo million. The
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    • 472 9  -  on the economy tax revenue Lower amounts of GST and stamp dnty collected contribute to fall to $1&56b By i Chuang Peck Ming THE taxman was $165 million "poorer" last year with $18.56 billion collected, down from $18.73 billion in 2000, according to figures from
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    • 640 9  -  Chong Huai Seng I REFER to your Hock Lock Siew column "Panpac boss needs to show results" by Teh Hooi Ling (BT, Feb 7). While I am flattered that you have chosen to highlight my not-so-distin-guished record as a yet-to-succeed entrepreneur, I would
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    • 404 9  -  Curtis J Montgomery I REFER to your article "Industry players up in arms over investor portals' links to PR units" by Serena Ng and David Boey (BT, Feb 12). I would like to correct some misinterpretations your readers may have formed about Wall Straits.com Pte Ltd. WEillStraits.com is
      404 words
    • 189 9 JTC CORPORATION yesterday launched another six short-tenure industrial sites, following the strong response to a pilot project in November last year when the first six sites were put on the market. Of the six new plots, three are at Kranji Industrial Estate and
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  • Page 7 Advertisements
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  • FOCUS property
    • 629 8  -  Bnt these "negative asset' owners face a bleak fotnre i I comment PROPERTY lee han shih WELCOME to Singapore, the land of debtors. Where some people can no longer be described as "asset rich, cash poor", but asset poor and cash poor. Why? Because most
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    • 312 8  -  Byi Andrea Tan JONATHAN Petit's career as Colliers Jardine's chief executive officer comes to a close next month. But the 46-year-old Briton says there is "nothing sinister" about his departure. Instead, it is due to Jardine Matheson selling its 50 per cent stake in
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  • Page 8 Advertisements
    • 523 8 DIANA KRALL J ONES Lang W LaSalle. CLUNY COURT storey Freehold Retail cum I I Mortgagee Sale by Tender Residential development ■■MHpPeiHMIBBnHM located at junction of Cluny Park I and ßulutTimahßoads I Consists of 5 shops, 2 restaurants i I ewl! and 10 a P Brtment un'ts- Net Roor area:
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    • 229 8 fN THE MATTER OF COMPANIES ACT. CAP. 50 AND IN THE MATTER OF HYNETTC ELECTRONICS PTE LTD {In Members' Voluntary liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN in pursuant to Section 308( 11 of the Componies Ad, Cap. 50, that the Final General Moating of obovenamed Company
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  • Page 9 Advertisements
    • 152 9 We welcome letters. E-mail us at bttetterQsph.com.sg or fax us at3l9-8277, or write to: The Business Times, SPHHQ, 1000 Toa Payoh North, Podium Level 3, Singapore3lB994, We need your full name, address and telephone number, so we can verify It came from you. Please use temperate language, and bear In
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  • EDITORIAL & opinion
    • 821 10  - Joining the euro —fudging the issue in UK bottom line OPINION david mason The writer was a partner in an international accounting firm in Singapore for 14 years. He is now a business consultant in the United Kingdom. He contributed this article to BT. THE successful launch of euro notes
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    • 85 10 'How else can a banking system run up a bad-debt book of 200 trillion yen (552.74 trillion) without triggering alarms? Someone was either asleep at the switch or awake but unwilling to act' Carl Weinberg of High Frequency Economics, on the myriad problems with Japan's banks. This
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    • 577 10 EDITORIAL LAST week, Indonesia's Vice-President Hamzah Haz announced a major new economic initiative aimed at boosting economic growth. Small and medium-sized enterprises (SMEs) would be offered new loans at reduced interest rates and banks would be asked to write off their old debt. The
      577 words
    • 976 10  -  Not likely, with fundamentals improving and with monetary and fiscal policies stimulative enough to overcome temporary new restraint in bank lending By Dick Berner The writer is US economist for Morgan Stanley FEARS of a credit crunch are plaguing financial markets once
      AP  -  976 words
    • 797 10  -  COMMENTARY Raissi case shows up US govt in a deplorable light By J Jonathan Turley The writer teaches constitutional law at George Washington University in Washington, DC LATWP IN Alice in Wonderland, the Queen of Hearts dispensed justice with an even hand. For all accused,
      LATWP; AFP  -  797 words

  • REGIONAL news
    • 420 11  -  Complaint, lodged in January, alleges management irregularities involving MAS cargo division: newspaper report From] Diana Oon Abdullah in Kuala Lumpur MALAYSIA Airlines has lodged a police report alleging management irregularities by former executive chairman Tajudin Ramli and three other executives, company officials
      420 words
    • 616 11 PEKAN, Malaysia Reuters SPORTING blue uniforms and hard hats, workers at a carmaking plant here fit dashboards, door panels and other trimmings to the painted shell of a Proton Iswara. An adjacent assembly line set up last May has similarly dressed staff rolling out cars
      Reuters; REUTERS  -  616 words
    • 245 11 KUALA LUMPUR Bloomberg PUBLIC Bank Bhd, Malaysia's fourth largest lender, said fourth quarter profit fell 11 per cent after money it set aside for bad loans quadrupled. Profit for the fourth quarter ended Dec 31 fell to RM197.2 million (5594.8 million), or 5.4 sen
      Bloomberg  -  245 words
    • 209 12 JAKARTA AFP POLICE said yesterday that Tommy Suharto, the errant son of the former Indonesian dictator, would be charged with the murder of a supreme court judge and for possessing weapons and explosives. However after 12 weeks of questioning, they
      AFP  -  209 words
    • 426 12  -  Comment follows allegations of insider trading over bond sale From Al Labita in Manila ONE of Manila's largest property developers said its sale of convertible bonds to a unit of the Government of Singapore Investment Corp (GIC) was "above board" and that
      426 words
    • 71 12 Bloomberg [TAIPEI] China may allow United World Chinese Commercial Bank and seven other Taiwanese banks to open representative offices on the mainland in March, the Commercial Times reported. Taiwan and China are increasing financial links even though Taipei rejects Beijing's claim of sovereignty over the
      Bloomberg  -  71 words
    • 345 12 HONGKONG It aims to p&re debt bill amid slower fixed-line growth Bloomberg PACIFIC Century CyberWorks Ltd, Hong Kong's biggest phone company, is seeking to borrow HK$5 billion (Ssl.2 billion) to refinance existing debt at lower cost amid slower growth in its fixed-line business. CyberWorks, controlled by
      Bloomberg  -  345 words
    • NOTE Book
      • 74 12 Bloomberg [MACAU] Macau gambling tycoon Stanley Ho (above), whose casino monopoly In the former Portuguese colony will expire in March, said his companies will invest 4.75 billion patacas (Ssl.l billion) in the city as two Las Vegas magnates prepare to start competing businesses.
        Bloomberg  -  74 words
      • 75 12 Reuters [KUALA LUMPUR] Bus operator Park May Bhd said yesterday it plans to acquire nine firms from transportation group Kumpulan Kenderaan Malaysia Bhd (KKMB) via a reverse takeover of the company by KKMB. Park May said it would issue 128 million new shares of
        Reuters  -  75 words
      • 58 12 Reuters [JAKARTA] Indonesian Finance Minister Boedk»o said yesterday Jakarta would not ask for a debt haircut at a vital round of talks with the official Paris Club of creditors In ApriL Indonesia has said it would seek to reschedule some US$6 billion in debts which
        Reuters  -  58 words
      • 67 12 Bloomberg [JAKARTA] Indonesia's bank rescue agency (Ibra) defended its sale of a car maker formerly owned by the Salim Group with a legal opinion from one of the country's main anti-corruption figures. A legal audit by Mulya Lubis, a founder of independent watchdog Indonesia
        Bloomberg  -  67 words
      • 70 12 Dow Jones Newswires [NEW YORK] Starting next year, Hong Kong plans to introduce an identity card with a computer chip that; will contain a digital replica of the thumbprint, the New York Times reported yesterday. It reported that the government plans to award
        Dow Jones Newswires  -  70 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • ACCOUNTING under scrutiny
    • 615 13 Reuters [HONG KONG] Enron Corp's spectacular collapse may have Ignited a US uproar over accounting procedures, but off-balance sheet debt, multilayered subsidiaries and stealthy investment losses appear more widespread in Asia. Experts say it's not the region's accounting rules and standards that are
      Reuters  -  615 words
    • 245 13 CHICAGO Dow Jones Newswires AN internal investigation f by Andersen has determined the accounting firm's top managers were not responsible for the shredding of documents at Enron, ac- cording to a report. In the latest issue of Newsweek, the magazine reports that the investigation
      Dow Jones Newswires  -  245 words
    • 364 13 KUALA LUMPUR Accounting checks there are far tougher than in US Dow Jones Newswires MALAYSIA'S top market regulator yesterday said an Enron-type situation would not occur in the country as its accounting standards are more stringent than those in the US. Ali
      Dow Jones Newswires  -  364 words
  • Page 13 Advertisements
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      141 words

  • Article, Illustration
    1216 14 Transaction date:Feb 18 DnrnBAIficEOSSEATBS A$ CS «wb loro Ffr Dm HK$ lad Is faplafc Ytn Won HI MSNfc|» N<o S$ Uwd Sfr WTS 8afct fowd USS Australia 0.824 4299 0.593 1888 1159 4.040 ***** ***** 0.687 6.787 1.968 1.225 ***** 26.538 1947 1887 0.879 18.182 ***** 0.362 0.518 Canada
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  • 1859 14 awn Hi Niliwiwwii'ywifiiiww *«i u'm<rJH MWIM > SIOOM FIITUMBS Feb 18 RUBBER Futures (Closing prices) RSS1 (S centsAq) ClOM Volume Open Month W» Low Sett (teams) Interest Mar 02 ***** Apr 02 IT7_2S May 02 117.75 Jun 02 ***** RSS 3 (US ctnts/kg) Volume Ope* llnmi-fc Ulnh I f
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  • WORLD news
    • 372 14 NEW YORK Profits tramp patriotism in move which involves just a paper transaction NYT A GROWING number of American companies, encouraged by their financial advisers, are incorporating in Bermuda to lower their taxes sharply without giving up the benefits of
      NYT  -  372 words
    • 141 14 Dow Jones Newswires [LONDON] Accountancy firm PriceWaterhouseCoopers said yesterday that it will lay off 200 accountants from its UK tax department during the next month. The majority of the job cuts will be made by midMarch, and result from a slowdown in
      Dow Jones Newswires  -  141 words
    • 139 14 NEWYORK Reuters FACED with high marketing costs, large customer turnover and a lack of pricing power, wireless telephone companies may see some merger activity in 2002, Barron's reported. Voicestream Wireless, a unit of Deutsche Telekom, is most likely to merge as it is
      Reuters  -  139 words
    • 197 14 LOS ANGELES of assets. Dow Jones, Bloomberg A LAWSUIT was filed against Global Crossing Ltd on behalf of all participants in and beneficiaries of the company's employee retirement savings plan. In a press release, law Arm Stull Stull Brody said the complaint, filed
      of assets. — Dow Jones, Bloomberg  -  197 words
    • 664 16 LONDON Patent expiry seen paving the way for generic copies, which will hnrt bottom line AFP THESE are unsettling times for big pharma: the sector which congratulates itself on being "the most profitable industry over the past 25 years" may not be so for much longer.
      AFP  -  664 words

  • 5384 15 Transaction date: Feb 18 for more, go to imvwxisiaonenrnarketsjoom HONG KONG VaJ MS W- 000 AcrottAsia Multimedia .0.51 -0.01 24 Alpha General 0.04 unch 300 Amcy Prop ..4.00 -0.0S 1757 Ananda Wing On 0.05 unch *****0 Ang*nq Ntvt Steel H 1.39 0.15 ***** Anhui Conch H 2.40 -0.03
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  • 2720 15 Transaction date: Feb 18 KUALA LUMPUR Vel km w- rw A AM Realty 1.12 -0 04 204 Abric .2.01 -0.03 37 ACPInduttnes .320 unch 118 Advance Synergy 0.57 -0.01 74 Affin Holdings 0.33 -0.02 257 Ahmad Zaki Res 4.20 -0.02 7 AlCCorp 4.42 -0.08 318 AikbeeRes 2.05 -0.01 739
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  • 902 15 Transaction date: Feb 18 UK* mmm 1 O— Omn» Mac* W Omt Ocy CMC 0 42 4.400 *0 140 WSMMk 022 1210 *0.010 Capitaland 1.S9 2 020 *0 020 OCK 1000 13.400 Chart SwmCond 1 St 4 220 -0 020 OUC 0 50 7 000 -0.100 OtyDcvSOc 2 SO
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  • 696 15 BONDS WARRANTS LMt Vol Com tier "dk C—et Mo *or- nn—<o Mb <mHi U> AST1W*****' AS 1 10 1 16 11 1.49 28 AcmaLtdW*****« 55 inch 30 1 SO 415 2H 13 AmtefcMn***** .44 inch 104 1 U 1 1.71 40 Amvtrong W*****0 4 1 10 27 275 27 AsiaFoodP
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  • Page 15 Advertisements

  • 6344 16 Transaction date: Feb 18 for live prices, log on to wwwxxsiaonemarketsjcorn SMK Last Vol Day LwtQuote GrM* Mv GrVM MM MCap WtAvg Ml# If Company Sala f»BX Mfh Loo luyer idhr C*r P/l ViMl Price 9 6 ABNAmroNLG 56c 9 12 14 IX 22.5 85 c ACE Dyn»r»cs20c
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  • Page 16 Miscellaneous
    • 188 16 CRVFTIC CROSSWORD 27 They shoula &e able to iMntity any salts in a mixture (8) 28 Will lose varied sources of physically (8) sorters, too (4) mineral deposits (3-5) 12 to girl having a YESTERDAY'S SOLUTION DOWN o Actom: 1 Resilience, 9 Pain, 2 Unauthorised demand for 14 sub|ec Muan
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  • Caltex Singapore Masters 2002
    • 845 17  -  It's also a good opportunity to promote Singapore to the world as a great holiday destination, Caltex general manager (brand) Glenn Weckerlin tells vensreenivasan VEN SREENIVASAN A HARD-NOSED attitude to growing the business, but a more subtle and softer touch when promoting the corporate
      845 words
    • 285 17 SINGAPORE'S biggest golf tournament, the Caltex Singapore Masters, tees off at the Laguna Golf Country Club this Thursday with more than 140 top players from around the world battling for the US$9OO,OOO prize purse. Last year's champion Vijay Singh will not be defending his crown, but
      285 words
    • 536 18  -  Star Hub customers and diehard fans will have several chances to get up close and personal with him. vensreenivasan reports VEN SREENIVASAN ARDENT golf fans will be able to walk the greens with Star Hub and Nick Faldo at this year's prestigious Caltex Singapore
      536 words
    • 883 18 NICK Faldo, renowned for his intensity of purpose during his heyday, has loosened up considerably and now refers to himself as "a nice chap". He gained a reputation for his blinkered approach to the game and surly attitude towards galleries when he was on the
      883 words
    • 282 19 THE star players at this month's Caltex Singapore Masters and Charity Pro-Am presented by Carlsberg will be able to ride in style, thanks to Volkswagen, the tournament's Official Car sponsor. Volkswagen has been given the nod by the Land Transport Authority to allow a fleet of
      282 words
    • 1193 19  -  Notice how the coolest beers usually accompany the hottest golfing action? ven sreenivasan explores the association VEN SREENIVASAN A GOOD cold beer is something we take for granted these days. A cold beer after a round of golf, or while watching the football what better way to
      FHI PHOTO  -  1,193 words
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  • Page 18 Advertisements
    • 31 18 I m T Premium in every aspect XH=O3 X-U3 CDFRIS/EFI IFRCDNS .*•>» yp, »W j iP^r lH^. fjaylorMade i Proud to be the official equipment for Caltex Singapore Masters SODS _JL_ a
      31 words

  • Page 19 Advertisements
    • 145 19 w A ChcvronTuaco Company What Drives You H -pfgjfr- J t Amß ls Helping a charity Caltex Sasha Charity Bears will put a smile on any kid's face. Get them for just $2 when you make a S2O purchase at Caltex and the proceeds of the />*\ sale will then
      145 words

  • KNOWLEDGE economy
    • 1182 20  -  While civil servants are especially upbeat about innovation, their GLC counterparts are more likely to feel constrained about effecting change. Patrick lambe finds out what is the public service's edge PATRICK LAMBE The writer is founder of Straits Knowledge (www.straitsknowledge.com), a Singapore-based research and consulting
      CHEAH SIN ANN/ST  -  1,182 words
  • Page 20 Advertisements
    • 1358 20 I x\()//CC J S IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QUANTOCK PTE LTD Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290<2Mb)] At an Extraordinary General Meeting of the Company held al Suite 04. 18/F.. Tower I. China Hong Kong City,
      1,358 words
    • 51 20 Start your day j with a complete i breakfast. mu,- §L i x >. -< NEWSbIZ TODAY Get all ihe day's news, business, sport weather first and fast. Tune in to il, „f J 1,, J IXJ News Biz Today, weekdays from 6:ooam to 9:ooam (Singapore Time). DC ITIC *****
      51 words
    • 142 20 I For over 20 years, our qualified professionals have been assisting clients to venture offshore with confidence by providing consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial, banking and professional administration
      142 words

  • SHIPPING TIMES
    • 283 21 Reuters THE Baltic Dry Index (BDI) rose eight points to 955, the Baltic Panamax Index (BPI) gained 17 points to 964, the Baltic Handymax Index (BHD Armed seven points to 6,559 and the Baltic Capesize Index (BCD was up six points to 1,152. TTMB-CH AMUHi ♦CIC Captain Veniamis
      Reuters  -  283 words
    • 258 21 pl'-sp.; -fHP N>» U *f 1W CWT Distribution—0*2 uncti 265 Oman Hup 0.42 aot *22 Cosco Investment 0 .24 uncti 201 FrataMUnfcS 0.07 uncti S37 68 Holdings 0.58 0X3 K» MC HoWng$-HK —5.60 undl 0 Javi HOMIoqs 0.20 aOI 910 MppMCora 4.26 -006 2797 K*pp*4 Marin* 021 uncti
      258 words
    • 532 21  -  Hove will increase terminal operator's throughput volumes By\ Donald Urquhart [SINGAPORE] Amid the ongoing debate over cost and competitiveness of Singapore's container terminals, the island's "other" terminal operator Jurong Port is quietly building its container volumes. The barely one-year-old corporatised port announced
      FILE PHOTO  -  532 words
    • Article, Illustration
      329 21 PEOPLE Air New Zealand has appointed the director of Air New Zealand Ltd, Ralph Norris, as managing director and chief executive. Formerly managing director and chief executive of ASB Bank and head of international financial services with the Commonwealth Bank of Australia, Mr Norris, 52, is well-known as
      329 words
    • 326 21 AP [BANGKOK] The Thai navy will sink a drifting gas tanker, which went down six years ago but floated to the surface last week, posing danger to other ships. The ship's insurer, Patchara Insurance, and the ship's owners will bear the
      AP; FILE PHOTO  -  326 words
    • 222 21 [SINGAPORE] Confirming speculation, the second in command at the Port of Tanjung Pelepas (PTP) announced yesterday that he has left the two-year-old port. Shipping Times reported last month talk of a management shake-up at PTP involving the chief executive officer (CEO), Mohd Sidik Shaik
      222 words
    • 301 21  -  Sept 11 terrorist attacks, weaker freight rates behind revised estimates By. Beth Jinks [SINGAPORE] Japan's Kawasaki Kisen Kaisha Ltd (K Line) lowered its earnings projections for the fiscal year ending March 31, blaming the impact of the Sept 11 terrorist attacks and squeezed freight rates.
      301 words
    • BOEING plane sales
      • 1229 22 The recently appointed head of commercial airplane sales at the Boeing Co, Toby Bright, knows selling aircraft right now is tough but is philosophical about it AP FEW jobs seem more challenging in the wake of Sept 11 than selling commercial airplanes. In
        AP; AFP PILE PHOTO  -  1,229 words
      • 140 22 RAPE AppmNp 5 BSA 6 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 6 Central Ex 6 CNnaShpg 5 t Cougar 6 CWT Globelink 6 Del mas 4 Dongnama 3 ta 3 Evergreen 4 FoongSun 5 Fuhai 4 FiiMrans 4 Gemartrans 4 Hangli 6 Hyundai 4 Heung-A
        140 words
    • 11605 27 THEBUSINESSTIMES TUESDAY, FEBRUARY 19, 2002 EXPORT Page 7 ETA ETA Advartisar Vassal Voyage Telephone SIN Oest'n Nmw Nam* Number Number ■■■■■■■■■■■■■■■■■■HI To ABIDJAN (ABJ) 2003 Cote D'lvoire 27/02 02/04 C0SC0 HUMBER BRIDGE 0091* (5-22*1900 21/02 29/01 Detmes HYUNDAI FREEDOM 305W 45-*****44 20/02 01/04 CMA CCM VILLE DE VIRGO
      11,605 words
    • SHIPS IN PORT
      • 742 29 Vttttl Voy No Bfth Arrival Departure DU8AIFREED0M 02-J*i 8/02/1:20 20/02/5:00 ALNIUN *****2 J12 18/02/7:05 18/02/1615 MAHSURl *****4 J12 8/02/7:20 18/02/17:30 WINSTAR 8 12S02 J03 18/02/8:30 18/02/20*00 KIMTRANSAOUA 029$ J18 18/02/9:20 19/02/0:30 8AYSWATER118 M2048 J03 18/02/7:40 18/02/16.-00 PULAUINOAH J***** J02 18/02/9:55 18/02/23:59 TROPICAL 49 IN1S12 J06 «/02/K>:05 20/02/6:30 WAD
        742 words
      • 2040 29 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Booklng/BtUnco Rstlv Ship Voy No Etb/Btr Ptflod From To From AC« MAGNOLIA 047A 14/1*0 II 17/1500 17/1654 17/1*00 2A 17/1700 8/0654 8/0900 21 17/1700 8/0659 8/0900 3 11/0700 8/1159 8/M00 4 8/1200 8/1459 8/1700 ACI RAFFICS 060* 19/23:00 II 17/800
        2,040 words
      • 221 29 February 23 Singapore-. Hari Ray a Haji Malaysia: Hari Raya Haji Brunei: Hari Raya Haji Indonesia: Hari Raya Haji February 28 Taiwan: Memorial Day MarvfclS Malaysia: Islamic New Year (Awal Muharram) Brunei: Islamic New Year (Awal Muharram) Indonesia: Islamic New Year (Awal Muharram) March 21 Japan: Vernal Equinox
        221 words
      • 821 29 THIS report, compiled by Cockett Marine Oil Ltd. show* price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated The Cockett Bunker Price Index change and the
        821 words
      • 491 29 Ctrbwi F#614 DtftsKy RtsMu# AsliAlumiiMuir SidliMflt ban Wiri »m/n m/» mi mm ISO/Cimac Limits Spec E25 991 1.0 15.0 0.10 80 0.10 Spec G35 991 10 18.0 0.15 80 0.W Northern Europe 180 Ave 980.5 0.1 113 0.04 26 0.02 180 Mai 992.1 12 16.3 0.08
        491 words
    • AIR & LAND transport
      • 504 30 Panel accepts airline's reasons for its handling of last year's corporate crisis Reuters [WELLINGTON! Air New Zealand did not breach New Zealand Stock Exchange (NZSE) listing rules last year during a tumultuous period which saw it post the country's largest ever corporate loss,
        Reuters; FILE PHOTO  -  504 words
      • 695 30 Already straggling, they felt impact most: analyst Bloomberg [NEW YORK] UAL Corp and US Airways- Group Inc, the parent companies of United Airlines and US Airways, are seeing their debt languish as competitors' bonds rebound from declines that followed the Sept 11
        Bloomberg; FILE PHOTO  -  695 words
      • 236 30 AFP [VIENNA] Troubled Austrian Airlines (AUA) is to start a new discount flight service to compete against cheap airlines such as Ryanair, the Kurier newspaper reported yesterday. AUA plans to set up either a new airline or a discount branch of its existing group
        AFP  -  236 words
      • 340 30 Japanese carrier will delay delivery of three 8767s AFN [TOKYO! All Nippon Airways (ANA) said it aims to operate 200 flights per week under its latest business plan for the year to March 2003. However, the company added that it will also delay delivery
        AFN  -  340 words
      • 139 30 AP [BERLIN] Low-cost Irish airline Ryanair plans to start flying German domestic routes from next year, ratcheting up its challenge to flag-carrier Lufthansa after it inaugurated a new base in Germany last week, the company's chief executive said. Michael O'Leary told the Welt am Sonntag
        AP  -  139 words
      • LOG Book
        • 70 30 AP [SYDNEY] Two armed men broke through heightened security at Sydney airport to rob a foreign currency dealer at the international terminal, police said yesterday. The robbers held up die money changer at gunpoint in the departure lounge. A police spokesman said they escaped with
          AP  -  70 words
        • 65 30 Reuters [LONDON] British Airways said on Sunday that it was still looking at ways to develop its relationship with American Airlines despite the collapse of their alliance deal last month. A BA spokeswoman said that possible code-sharing, whereby BA could sell seats on American's domestic
          Reuters  -  65 words
        • 83 30 Dow Jones Newswires [MONTREAL] Air Canada (ACNAF) and Thai Airways International will expand their networks between Canada and Thailand beginning March 1. In a press release, Air Canada said the air carriers will expand services on a codeshare basis between .Toronto, Montreal and Bangkok. Air
          Dow Jones Newswires  -  83 words
        • 104 30 Bloomberg [SYDNEY] The sole bidder for Olympic Airways said it plans to turn Greece's national airline into a discount carrier if it wins control of the unprofitable state-owned airline. Australia-based Integrated Airline Solutions is to decide soon on a 102 million euro (Ssl62 million) bid for
          Bloomberg  -  104 words
      • 1971 30 pit man n* man re MM LH9770 2230 saat a» imtlfM* $023 0625 U*974 0130 (U37 1S45 K1838 2300 sum am Wmilrtil M0012 0645 Utmm «W «M» JWI JB Auckloot LM9B17 1850 N242H 204S N223 MSO $0285 2045 $062*2 MSO N242S6 2020 sqa> 2820 Mnto W
        1,971 words
  • Page 21 Advertisements
    • 137 21 Air NZ didn't breach stock exchange rules Back Page II M I B Investment Opportunity I For Sale, ship repair centre in busy West European port directly from owners Land surface in excess of 370,000m 2 Lease until 2048 with indexed annual lease Six operating graving docks with max. capacity
      137 words

  • Page 22 Advertisements
    • 475 22 I NORTHAMERICA ifll QULF/INDIA SUB-CONTINENT wprnmwfiM&mmm jjilxi—m iQutymiucHiDcpwcaxoioQ i WMa 2552 wo wc vtssa I vov I ma mo nST I™™1™™ ■■a "SS "S «m mmumuuta m wu 5/5 575 ooauma smn; m/oi 10/03 11/03 pio nouotb do k maum on 11/01 n/01 03/03 I «uoTP(mo>ci w n/01 01/03 10/03
      475 words
    • 624 22 Lines services represented by Members of the Registry of Members of ifte fclKjgJw Accredited Shipping Agents, Jg|||(W in 9 a P of Logistics Ng««» y Singapore Shipping Association Association n ULY UNI MALI vissa vor leu Tn* [15 P. KUNG SPOKf MALI Empress lity VOlO2 25/02 26/02 07/03 Princess Lily
      624 words

  • Page 23 Advertisements
    • 1038 23 TO USA (SAX SERVKi) VESSEI VOY SM ETA LAX OAK DAI HOU CM COl MEM All NYC unuism lOK 20/02 07/03 n/03 n/03 12/03 12/03 13/13 12/03 14/03 14/03 API HOUANO 100< 27/02 14/03 10/03 19/03 19/03 19/03 20/03 19/03 21/03 21/03 API ENGLAND 10K 06/03 21/03 2S/03 2S/03 25/03
      1,038 words
    • 1679 23 10 MUM I/T»IS MVS msocmimo* H>ik GEBMAI AGENTS IN SMGAPOKE: 00 ROOMSON ID 012-00 SAIES/MGS HL *****57/43 MX: *****21/71 MALAYSIA OFFICE i PASM GUDANG TEL 07-3S3SIAA Mi 07 -*****70 COSTAR SNIPPING PTf LTD «bgapo« o*oo9o outwardio/u *****02 231*325/75 poctmang 03-*****433 oho2wm **********0* TEL 220 1900 (MAIN) WWAtO(D/0) *****44 *****19/49 PENAMG
      1,679 words
    • 330 23 KMTC is launching a new fixed day direct service from Port Kelang Pasir Gudang Singapore to Shanghai ißMlill ad.pl.; »I««H ttlMlM ■liin h* Ui. lab *****50 NM *01-*****»;ihi| *01-******11 I— CallwiJ IM Ni IMtIH/IMtllS P—tmmm Mi tavMN-UWM (H.) 04-2*l4l** C« Ite; 12HlflOONN bHy://ww».t a U.t».kf 07-ISIIWI l> liniw ■ctmheung-a shipping
      330 words

  • Page 24 Advertisements
    • 1097 24 HYUNDAIMERCHANTTMARIN^Oj^TD^^^^ [vesa vor IW I sou lml ro aw mmo ivesa |wr|«u|i» ra *wr |h— sm HYMGMSS asm 11/11 05/03 27/11 M/ 02 02/ M 5441 K/01 2*/0 l M/ 01 22/01 12/W tfICOMI 104W 15/02 04/03 0»/03 00/03 07/08 APIJBM 1871 11/81 M/ 01 D/ 01 14/01 14/01 MMUS
      1,097 words
    • 679 24 gSSSH ASUHPRISS IS3A SAJUO 20/02 21/02 02/01 ISM IS/02 01/03 13/13 ISSA 10/03 M/IS 14/13 U/03 IMA 22/03 10/03 M/ 03 11/03 HCtAMIS J/01 Jl/01 SAIUD OS/IS 07/03 00/03 11/03 HAUWW 2/02 2»/02 20/01 22/02 IS/IS 17/13 10/03 21/03 THOfBKUtT 2/02 07/03 00/03 01/03 23/03 2S/03 tt/03 HOOM 2/02 27/02
      679 words
    • 487 24 m &<3U92* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTMG TO ALL MffTHBW AND WEBTBW CO PtNNTS FCL TO COCHM. TUTKOMN rta COLOMM A KANOLA da NHFVR BHRIA nnwoHS mm »n iw Tm mSb ■wkiim w mwiso saw <mm i tut TTIS B5E —SmmmT wwmiß w NMKWHIW MM II MM IS Ml
      487 words

  • Page 25 Advertisements
    • 1567 25 IViSSa VOV KHH HKO I «N I Htl PXI lAI DMM MC KAN TEHRAN PCL-247 16/03 19/02 13/02 24/02 03/03 04/03 06/03 00/03 MVUNOAVU PCI-24# 25/02 27/02 02/03 03/03 10/03 11/03 13/03 IS/03 MAN KERMAN PCL-249 04/03 06/03 09/03 10/03 17/03 1«/03 20/03 22/03 MAN ISPAHAN PCL-250 11/03 13/03 16/03
      1,567 words
    • 373 25 A R9I k UK CONTINENT SERVICE Loading tor EXPLORER II RDM/ATW/BMNAJK/LPL I KAN SEPAT ROM/ATW/BMN/UK/LPL OCEAN ISLAND RDM/ATW/BMNAJK/LPL Load* Slngpow, E7W. MHyw, Indon— MIDDLE-EAST SERVICE LoatSngtar CORALI DBl/ABU/DOH/BRN/DMM/KWT JIN SHUN HOOEIDAH/JEDOAH/AQABA PAN EXPRESS DBl/ABU/DOH/BRN/DMM/KWT ASEAN GLORY DBl/ABU/DOH/BRN/DMM/KWT JOHNNY L DBl/ABU/DOH/BRN/DMM/KWT UON GLORY JDH/AQA Toads Singapore, E7W MOayoa. IndoneM USA SERVICE
      373 words
    • 774 25 Jgsfl jfflL m_ eet jtssa m «T jj§~ »«—MI as I J|M|n —JgL m. ii joa ggggg—gga mg 2i/w jiugm ml am a/12 BhBH H SB nc— ua w/m m/m MMBTIBI l IMMZ4 02/03 04/ M MCOMUM 01)0 M/D 12/03 ■Moamssi jamok oi/w iq/S IWHrtUj MUilli/g|lf7B iSn KMi 2A/02 a/02
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  • Page 26 Advertisements
    • 392 26 ffIIMSO*(tBTOMI6O roBOgUHDt. V>PmiloS(o DOSIAAIBIUMjWtIIOMTRItttD) Vmd V«w Sww ftrt* In— IP.BWMI K W*** >■■■■■■ S—. MCmMW K2OIS It/02 02/03 04/03 04/03 01/03 14/03 11/03 20/03 22/03 taU— CTB "***** M "TFBT~ llfli WM "H7H 61/fr Wx ~59K PtwMriy CMMMT IGSTC TT753 Jys3 J57C3 ISTE Z7753 ***** ***** T575? r?7W wiots 1753—
      392 words
    • 807 26 Vttm i VQY I SIM *0" HAM RTM AMI UH SAUDI JEPOAM Am 23/0? 24/02 13/03 15/03 14/03 20/03 U/D3 yiuiKYiRM mt nm jum 17/03 n/03 20/03 24/03 vw ISAUDIJUIAIL 14UV 05/03 06/03 24/03 25/03 24/03 31/03 28/03 Accepting cargo to d UK inland fohnotan w IAST/mSTWBITBtAIiAiI PwTS*WmtT StfVKI vissa
      807 words
    • 533 26 BSA x l fB9^n i MYANMA w Bk FIVE STAR L|NE (Myaraor NotiMol Um) Loodiag for Yh|m wssa vot n n m MM IA 4IW SU (Ml SUM HAW S4W SU) MAUTSiA AGENTS: OOUSTIAO SMPPMG AGENCKS KHL TH 03-*****)00 PKL TO 03-*****101 rat ra 04-*****02 pat m 07-*****21/4 BANK LINE
      533 words



  • Page 29 Miscellaneous
    • 121 29 s*' Ml 120E iSBLi LEGEND: Issued by Meteorological Service Singapore R Thunderstorm A Showers R a jn emperature Wind direction and speed in knots A Weather w Cloudy Day Sea Conditions Wind speed symbols O Full circle w/o line indicates calm or light and variable winds *8 m half fleche
      121 words