The Business Times, 20 September 2002

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Total Pages: 32
1 32 The Business Times
  • 21 1 MITA (P) 010/03/2002 85C THE BUSINESS TIMES SINGA P O R E Inter::?* http://business-times.asia 1 .com sg FRIDAY, SEPTEMBER 20, 2002
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  • 72 1 m 1.43M1 (-1-7.86) ST INDEX FUTUSES 1,***** (+21.00) SDGCIFUTUIES ***** (+2.90) STOCK MAKET INDICES Thursday Change KLSECOMP ***** -1.66 NIKKEI 225 9,669.€2 +197.56 HANG SENG 9,427.79 -4658 SET INDEX 352.34 -1.66 JAKARTA COMP _4<M79 -10.43 MANILA COMP .1,149.03 -457 TAIPEI WPI 4,***** +8.66 SEOULCOMP 704.12 +055 SHENZHEN B
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  • 65 1 FOREX BATES I'SS S$ IS$ (S$ per USS) 1.769 £(US$/S$ per 1.553 2.746 EURO(USS/S$/E). 0.980 1.733 YEN 121.8 68.8 RM 3.800 2.148 HKS... 7.800 4.409 BAHT 42.92 24.26 Rl'PIAH r 8,996 5,086 PUME BATES SINGAPORE* Kl ALA LUMPUR 640 HONGKONG 6125 JAKARTA 39.00 TAI PE1 6.625 TOKYO 1.375 SEOUL
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  • 323 1 But urges checks following complaints of bad language, harrassment Bloomberg [HONG KONG] Hong Kong banks used debt collectors to go after a staggering 196,485 accounts in arrears during the three months to June, the industry regulator said, underlining the lenders'
    Bloomberg  -  323 words
  • 772 1  -  l-liexclusive Developers blame war jitters, job worries, flood of rival property ads By\ Kalpana Rashiwala [SINGAPORE] The pick-up in private homes sales that started a couple of months ago seems to be running out of steam, amid fears of another Gulf war. New projects
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  • 681 1  -  Bnt cash-flash local banks unlikely to raise rates By\ Siow Li Sen [SINGAPORE] Bankers yesterday said firmer interbank rates, if sustained, will put a floor to the present low home loan rates. And the trend may even help local banks regain
    Source: Reuters  -  681 words
  • 624 1  -  Non-disclosure of price information prompts SFC move From Audrey Tan in Hong Kong HONG Kong investors scrambled to sell down shares of mainland private enterprises yesterday, after the Securities and Ftitures Commission (SFC) ordered the suspension of trade in Euro-Asia Agricultural Holdings. SFC
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  • NEXT page
    • ON THE grapevine
      • 171 2 THE word "ecosystem" has been bandied about by various subcommittees of the Economic Review Committee. It's not clear how this relates to the all-important task of getting us out of recession. But we reckon Dr Loo Choon Yong did a great job maintaining the ego system
        171 words
      • 186 2 UNSCRUPULOUS "cold call" phone investment scams have conned Australians out of at least A$400 million (S$386 million) and are becoming increasingly sophisticated, Australia's securities watchdog warned yesterday. According to a Reuters report, small-business owners are twice as likely to lose money to the Asia-based frauds,
        186 words
    • 66 2 INTERNATIONAL Enterprise Singapore has clarified that in the table headlined "Winning profiles" in yesterday's IE Awards supplement, Y Own! and KS eVA are Approved Cyber Trader award winners not Approved International Trader award winners. Sinoying Singapore, a Global Trader Programme winner, was missing from the table. Also, Continental Chemical
      66 words
    • 557 2  -  They hoped to portray attacks on S'pore installations like water pipelines as KL aggression By Chuang Peck Ming (SINGAPORE] The latest group of Muslim militants arrested for terrorism-related activities had planned to cripple military and vital installations including water pipelines to sow discord
      557 words
    • 381 2 Bank stocks soar on BOJ's share purchase plan Bloomberg, AFP [TOKYO] Japanese Prime Minister Junichiro Koizumi said speeding the disposal of bad loans wiU be the most important element of a new plan by the government to boost the world's second-largest
      Bloomberg,; AFP  -  381 words
    • 634 2  -  HT^xclusive But looming Iraq war is likely to lead to slowdown in '03 Byi Anna Teo [SINGAPORE] Despite a looming war in the Middle East, US imports from Asia will likely remain robust through the year. But there will be a "gloomy,
      CHRIS LOH  -  634 words
  • Page 2 Advertisements
    • 98 2 Complimentary BT Not going to the office tomorrow? You can get a complimentary copy of The Business Times Weekend edition at selected outlets at the following malls: Scotts, Liang Court, Clarke Quay, Funan IT Mall, Plaza Singapura, Tampines Mall, Junction 8 and Millenia Walk. I I I of business, m
      98 words

  • SINGAPORE companies
    • 446 3  -  Earnings boosted by takings from B&t&m plant it bought from Seagate a year ago By Serena Ng ELECTRONICS manufacturing service provider Beyonics Technology yesterday reported a net profit of $18 million for the year ended July, boosted by maiden takings from the Batam plant
      ARTHUR LEE  -  446 words
    • 301 3 It cuts firm's 2003 revenue estimates, ops loss forecasts Reuters MORGAN Stanley said yesterday that it has downgraded Chartered Semiconductor Manufacturing to "underweight" from "equal weight", while cutting its 2003 revenue estimates and raising loss forecasts. "We have cut our revenue estimate for 2003 by 20
      Reuters  -  301 words
    • 361 3  -  By' Ven Sreenivasan MAINBOARD-LISTED Sin Soon Huat Ltd is proposing a capital reduction and a rights issue to raise almost $6 million to boost its balance sheet. Citing poor stock performance, the industrial materials and hardware trading company said it would reduce
      361 words
    • 638 3  -  lock siew wong wei kong SEMBCORP Industries' (SCI) plan to divest Singapore Food Industries (SFI) contrary to what it is telling the market is seen by some as unlikely to unlock any value for SCI shareholders. In fact, the market is now
      638 words
    • 539 4  -  It aims to ensnre that retail investors are aware of risks By Genevieve Cua THE Monetary Authority of Singapore's oversight of the marketing of hedge funds is focused on retail investors, who may be lulled into thinking that such funds are lowrisk
      539 words
    • COMPANY Briefs
      • 40 4 Reuters LABROY Marine said net profit rose slightly in the six months to June 30 to $10.51 million from $10.36 million a year ago. Turnover increased to 1141.5 million from $110.56 million. —Reuters
        Reuters  -  40 words
      • 33 4 FEDERAL International reported an interim net profit of $1.5 million, up 19 per cent from a year ago. Group turnover rose 32.3 per cent to $51.04 million.
        33 words
      • 45 4 Reuters PAKARA Technology, a manufacturer and supplier of lead-acid batteries, said it slumped to a first-half net loss of $1.09 million from a net profit of $0.61 million a year ago. Turnover fell to $19.52 million from $29.65 million. Reuters
        Reuters  -  45 words
      • 31 4 Reuters SHARES of I-Comm Technology Ltd surged 13.5 per cent to 29.5 cents yesterday on news that its parent, IDT International, has decided to take it private.
        Reuters  -  31 words
    • 246 4  -  By David Boey BAN Joo Company, a mainboard listed textile supply chain provider, yesterday reported a 26 per cent jump in profits to $2.21 million, or 0.39-cent earnings per share, for its full year ended June. The group credited its
      246 words
    • 312 4  -  Bat rights issue not needed if extension for debt is granted Byt Christopher Tan INVESTORS holding Astra International and Cycle Carriage Ltd (CCL) shares were strangely spooked yesterday by the oft-repeated possibility of the Indonesian group executing a rights issue. The stock price
      Source: Bloomberg  -  312 words
    • 244 4  -  By, Arthur Poon SESDAQ-LISTED furniture maker Koda yesterday reported a 1.9 per cent rise in net profit to $3.6 million for the year ended June 30. Turnover was marginally higher at $37 million, amid weak market conditions. The group attributed the higher net profit, despite
      244 words
  • Page 3 Advertisements
    • 360 3 FLAVOURS OF TRADITION Mid-Autumn Festival 24 August 2002 21 September 2002 Master Chef Chan Kwok relives this tradition in a big way with a grand offering of flavours this year, re-defining this favoured delicacy. i Tasty additions this year include the Snow Skin Green Tea Twist (a superior combination of
      360 words
    • 123 3 {stock Chips May Be Blue. You Don't have To Be. Boss d*fr-|,L* t^R^ST"^*" I 'Tim lJ i n. IIJ-; iH mm Hl i a Surrender your shackles and unleash your imagination. Discard monotonous, boring office decors that puncture the character of your enterprise. Boss Design will shape and manifest k
      123 words

  • Page 4 Advertisements
    • 1078 4 Notices C° Compact EXPIRY OF W*RR*MTS 2002 To: Holders of warrants (the "WatunJS") to subscribe tor new ordinary shares ol Sso 10 each in the capital of Compact Metal Industries Ltd (the "Corraanv") exptrina on 26 October 2002 at 5.00 p.m. THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE
      1,078 words
    • 88 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SEKSUN BIOSENSORS INTERNATIONAL PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on 16th September 2002, it was
      88 words
    • 204 4 NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 ANO IN THE MATTER OF IMPACT ENTERPRISE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN mat the Final General Meeting of tha members of the abovenamed Company wilt be hM at 9 Btehen Place. *09-00.
      204 words
    • 88 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF OAIMEI PLASTIC SINGAPORE PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on 12 September 2002 it was
      88 words
    • 607 4 In The Matter Of The Companies Act Cap. 50 And In The Matter Of Trader Navigation Singapnri Pie Ud (In Voluntary Liquidation) Members' Voluntary Hinding Up Al an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 10 Anson Road RIO-24 International Plaza. Singapore
      607 words
    • 683 4 IN THE MATTER Of THE COMPANIES ACT CHAPTER SO Section 2900 MM NOTICE Of RESOLUTIONS S" PO*E INTERNATIONAL PTE LTD (In Mambari Voluntary liquidation) At on Exiroordinory Generol Mooting of S*pore Inter naUoi ml Mo Ltd hold at 230 Victoria Street. ROS-OS tugii Junction Offico Tower. Singapore 18(024 on Rw
      683 words
    • 561 4 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTE* OF ARABESQUE DANCE AND FITNESS SCHOOL PTE LTD (Company Rogiitiuliuii No: *****2584 M) (PROVISIONAL LIQUIDATOR APPOINTED) Statutory Declaration by dvoctors of Compoty's inability to continue business by reoson of its liobttios Nome of Compony ARABESQUE DANCE AND
      561 words
    • 400 4 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN'THE MATTER OF DEXTOH SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 308(1) of the Companies Act Cap. 50 that the Final Meeting o» Members of the Company will be
      400 words

  • Page 5 Advertisements
    • 142 5 I Nicc Munich I R Ik H msMp oK 4. 3 y i 9 ik fl ll H II PiH 5 H »HP jppW^^l^B I Dusseldorf I I Milan I I mK I *>, A I I v I h w WtA I H Jm V^tl l Fly Emirates to
      142 words

  • SINGAPORE markets
    • Article, Illustration
      322 6 OTHER SINGAPORE INDICES Sep 19 VALUE CLOSE ■TOIAOS 367.00 +119.00 KTCAM -*****.00 +15.00 -*****.00 -36.00 378.98 +2.69 WMnBid 108.40 -0.51 WltpJIwRi 1287.81 +7.04 Mf pin hip 357.52 -8.18 —Qfcpp— 178.90 +1.29 mUBMmw 179.80 +2.90 NewWave 5c 20.097,000 Citiraya2.5c 19.877,000 Unto Island 10c 14.074.000 SingTel 15c 10,567.000 KComm US5c 9,942.000 Federal
      322 words
    • 287 6  -  HOTSTOGE/ WARRANT By' Ven Sreenivasan AS the saying goes, it never rains but it pours. And if you're a Chartered Semiconductor Manufacturing shareholder, you probably feel like you're neck-deep in flood-water. Chartered's stock has sunk to record lows since
      287 words
    • 772 6  -  I iri comment STOCKS r. sivanithy SOME people believe that the famous scientist Albert Einstein, in proposing his special and general theories of relativity, said that "everything is relative". This, of course, is nonsense if everything really were relative to everything else, then nothing
      772 words
    • 595 6  -  -j i comment CURRENCIES Gold and oil remain firm amid continuing worries of attack on Iraq larry wee THE US dollar continued to falter in Asia yesterday, this time losing the best part of one per cent against some non-Asian counterparts but
      Source: Reuters  -  595 words
  • 2616 6 UNIT TRUSTS FUNDS Com Global Telecom Index Fd 0-36* Com Global Infotec Index Fd'" 0.25V Com Global Energy Index Fd 0 82/ MM tan Aawt Mgt (S'pore) ComGlobal« 0 676/ Star Europe Eqty'*'T..„.rZZ 0 592/ Com Spore Bond Fund/' 1058/ Star Europe Bd 1074/ Star Europe Bal 0.813/ Credk Ajrtcele
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  • Page 7 Advertisements
    • 274 7 |H v I Singapore I I HSBC Premier. Realising the true potential of your wealth. I B Being the world's local bank, HSBC And right now if you open a new I B understands that the symbols of wealth HSBC Premier account, you will be 8 are different across the
      274 words

  • SINGAPORE news
    • 571 8  -  I =47 on the economy unemployment Its message of training and career change is being heard By Chuang Peck Ming EIGHT months on, the Jobs Task Force is getting a better handle on the unemployment problem and filling more of the jobs still
      FILE PHOTO  -  571 words
    • 281 8  -  By^ Genevieve Cua APS Asset Management has been awarded a full investment adviser (IA) licence by the Monetary Authority of Singapore, paving the way for its entry into the competitive unit trust market. The firm is the second boutique fund management house to be upgraded,
      281 words
    • 463 8  -  'Liberal' granting of air rights to spur nse of airport, groand services: CheowTong From Shoeb Kagda in Jakarta SINGAPORE will extend air rights to a clutch of new Indonesian airlines to encourage these new carriers to use the Republic's airport and ground
      FILE PHOTO  -  463 words
    • 274 8  -  By Arthur Poon CPG Facilities Management (CPG FM), an estate and facilities management provider and subsidiary of CPG Corp, has joined forces with China-based Nuctech to market THSCAN X-ray inspection system in Singapore and the region. Speaking at the signing ceremony for
      274 words
    • 375 8  -  By< Conrad Raj KEPPEL Corporation and the National University of Singapore are joining forces to enhance Singapore's position as one of the world's leading maritime centres. Keppel. through whollyowned subsidiary Keppel Offshore Marine, yesterday gave $1.5 million for the establishment of the
      375 words
  • Page 8 Advertisements
    • 582 8 T* aimttoc qdl toll-free 1800 289 8822/fattil recnittSgsph.com sg IN THE MATTER OF FANTASTICONE (ASIA PACIFIC) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the atoovementioned Company will be
      582 words
    • 342 8 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF VERTEX VENTURES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994 Ed), the Final Meeting of the
      342 words
    • 355 8 KESFORD PTE LTD NOTICE is hereby given for creditors of the abovenamed Company to come forward and present their claims, with supporting details and documents, in writing to: KESFORD PTE LTD c/o RSM ROBERT TAN CO. 61 Club Street Singapore *****6 Fax: 6227 7205 In the matter of THE COMPANIES
      355 words
    • 308 8 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF MURRAY JOHNSTONE ASIA LIMITED (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994 Ed), the Final Meeting of the
      308 words
    • 556 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GOH CHENG LIM REALTY PTE LTD (In Mcaben' Voluntary Liquidation! NOTICE OF RESOLUTIONS Al an Extraordinary General Meeting of Ihe members of the abovenamed Company duly convened and held al 30 Penjuru Road Singapore *****S on
      556 words
    • 397 8 STATUTORY DECLARATION KY DIRECTOR OF DOWEU COATING PTE LTD l«V»fotwi No: 19M*****C) I. UM KNG NA of DOWELI COATING HtLTDof 204 CKooOmi Kong Avenue 1 *03-23 Singapore *****4, NRIC No. *****8581 moke oath and toy as 1 108 o director of the abovenamed company 2 The abovenamed company cannot by
      397 words

  • Page 9 Advertisements
    • 154 9 -t Page 9 M—gjtelJi muL/WClm jt I WI vKLi# gSfefe 11 i ll l 11 r 1 11 distinctly... freehold A CLASS OF ITS OWN strata bungalows vn FOR SALE LEASE Tucked within one of Singapore's finest residential districts, newly completed I Trevose 12 celebrates the design synergy of comtemporary
      154 words

  • EDITORIAL & opinion
    • 736 10  -  mr.i I bottom line OPINION dane chamorro The writer is a former US diplomat and a Certified Fraud Examiner. He is currently a business risk professional based in Singapore. CHIEF executive officers and chief financial officers of public companies listed in the US are
      736 words
    • 66 10 The BCKTs taking a big gamble; it's rolling the dice. If the BO J is not able to unload the shares in a couple of years, they will have debauched the balance sheet with-no net gain.' Richard Yetaenga a currency strategist, on the decision by the Rank
      66 words
    • 581 10 EDITORIAL SINCE the July 1 start of the improved disclosure rules for initial public offerings (IPOs), the Singapore Exchange (SGX) has not seen a company being listed under the new rules. Compare this to the situation in June, when there was a rush by several small
      581 words
    • 1060 10  -  A pro-summit poll boost for Japan's PM fizzled out, and dreams of lucrative contracts may remain just that dreams By Howard W French NYT [PYONGYANG, North Korea] Even at the level of a Potemkin village, Pyongyang fails to work any more. Feet
      NYT; AP  -  1,060 words
    • 385 10  -  MAinrrm Ong Ye Kung Head. EISC Secretariat IN BT's editorial "Revving up the private sector" of Sept 17, the writer pointed out some "puzzling and contradictory" recommendations of the Entrepreneurship and Internationalisation Subcommittee (EISC). The writer felt that the recommendation that GLCs cease to
      385 words
    • 297 10  -  Paul Thompson Assistant Professor of Accounting and Finance Director of MBA Programmes Nottingham University Business School Kuala Lumpur I READ with much interest the Hock Lock Siew commentary, "Minorities better served by setting up SIAS rivals?", by Lee Han Shih (BT, Sept 17).
      297 words
  • Page 10 Advertisements
    • 85 10 Fax your letters to 6319-*****r email them to btlotter*sph.com.eg or writ* to: Theßuainea* Times,,BPH HQ. 1000 Tom PayohNorth, PodiumL»vml3, Singapore3lB994. We needyour fuK name, addreesandtelephone numberforverification. Ptoase use temperate language, and bear in mind libel laws. We raaarva the right to adit mtd amend the taxt of your letters before
      85 words

  • REGIONAL news
    • 362 11 KUALA LUMPUR Group calls for ceiling on foreign brokers' orders to be applied to local houses too THE umbrella group of Malaysian stock brokers has urged the government to apply a standard rate of stamp duties on all equity transactions to help
      362 words
    • NOTE Book
      • 70 11 Bloomberg [TAIPEI) Taiwan factory closures fell by about an eighth and the number of new factories opened rose by about a third in August, suggesting an export-driven rebound from the island's worst recession is stemming job losses. Factory shutdowns fell 12.8 per cent from a
        Bloomberg  -  70 words
      • 100 11 Reuters [JAKARTA] Indonesia said it proposed to reschedule 175 trillion rupiah (5534.5 billion) worth of government bonds held by four state banks, or some 25 per cent of total public domestic debt, to ease debt servicing costs on the Budget The government had said
        Reuters  -  100 words
      • 63 11 Reuters [HONG KONG] Hong Kong*s real gross national product rose by 0.6 per cent in the second quarter year-on-year, the government said yesterday. Gross domestic product rose a real 0.5 per cent in the second quarter year-on-year. GNP was estimated at HK5309.6 billion (5570.2
        Reuters  -  63 words
      • 71 11 AP [JAKARTA] Indonesia is offering to sell 1,700 pieces of property in its effort to clear its books of assets taken over after the 1997 financial crisis, officials said yesterday. The land, shops, apartment blocks, warehouses and villas are valued at US$67 million. The
        AP  -  71 words
      • 93 11 Reuters [HONG KONG] A growing number of Hong Kong people expect the economy to deteriorate and said they would scrimp to deal with financial hardship, a survey by a leading retail group showed. Slightly more than half of the 1,000 people interviewed expect Hong Kong's
        Reuters  -  93 words
      • 66 11 AFP [KUALA LUMPUR] Malaysia's Petronas said yesterday it had discovered new oil and gas reserves in the Turkmen part of the Caspian Sea. Petroliam Nasional Berhad (Petronas) said tests showed a flow rate of 14,176 barrels of oil and 19.05 million standard cubic feet
        AFP  -  66 words
      • 77 11 AFP [BEIJING] One of China's leading state-run commercial banks is to hold a week-long auction with an asset management firm to sell almost US$l billion of non-performing assets, state press said yesterday. The auction, starting Oct 28, will see China Construction Bank (CCB) and
        AFP  -  77 words
    • 464 11 KUALA LUMPUR MALAYSIA is banking on Bio Valley a dedicated zone for biotechnology industries in the Multimedia Super Corridor to attract some 250 new biotechnolo-gy-related companies and generate over 30,000 new jobs, the New Straits Times reported yesterday. A ministerial-level Biotechnology
      464 words
    • 356 11 KUALA LUMPUR They dismiss ramonrs about a possible revalue Reuters AN attack of market nerves on the eve of Malaysia's 2003 Budget announcement sparked rumours of a possible re-peg of the Malaysian ringgit, but currency analysts said there was little risk. The analysts
      Reuters  -  356 words
    • 341 11 KUALA LUMPUR He is queried over allegations of fake invoices AFP POLICE have questioned the finance manager of Malaysia's Technology Resources Industries Bhd (TRI) about allegations of fake invoices worth more than US$6B million. "Yes. officials of the commercial crime (division) quizzed the finance
      AFP; NSTP  -  341 words
    • 409 13 TAIPEI 490 listed companies have funnelled NTs2oob to China projects, it says AFP TAIWAN'S public watchdog has warned the island might be "hollowed out" if the trend of massive mainlandbound investments cannot be stopped, it was reported yesterday. The Control Yuan found that as
      AFP  -  409 words
    • 529 13  -  From Audrey Tan in Hong Kong FACING an already slow office rental market. Hong Kong's developers have written to Financial Secretary Antony Leung to complain about the competition they are now facing from the government's Cyberport project. At the heart of their unhappiness contained in
      529 words
  • Page 11 Advertisements
    • 142 11 1980-2002 Le Mercier's r Modern Classics mf Intelligent Prices All Items fully Imported from Italy. We guarantee that our quality and specifications equal or exceed that of similar furniture prices 'I 012 Armchair pi ack Leather Oil Footstool j Ponyskin 021 Leather Black Leather c hdir 018/1 Ponyskin 022 H
      142 words

  • Page 12 Advertisements
    • 204 12 The Laguna National Golf Country Club, ranked No. 1 in Singapore by U.S. Golf Digest. j* r%"-vf/" r r .s^^Hß|^H^n <i Memberships* are available now at $399 per month' Call 6545 0616 for a private tour appointment or visit www.laguna.comsg f Ranked rp f No.l U BY U.S. GOLF r
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  • FINANCE
  • 1540 13 SICOMFOTUBBS Sep 19 IVOKt rubra (Owing prices) RSS 1 (S centVM) Ctoee VatMM Open w» Im Sett (town) Utefest Oct 02 153.75 Nov 02 53.75 Dec 02 63.75 Ja*/Mar 03 155.25 RSS 3 (US cents/kg) Votame Obm W# U» Sett (tomms) Interest Oct 02 86.00 950 Nov 02 86.00
    1,540 words

  • WORLD news
    • 426 14 NORWALK, Connecticut FASB&ndIASB agree to start weeding on t differences in rnles LAT-WP US and international accounting standards-setters agreed on Wednesday to begin eliminating the major differences between their rules, a critical first step in creating a set of global standards that would make
      LAT-WP  -  426 words
    • 223 14 NEW YORK WORLDCOM Inc is preparing a further revision of its financial results that could add about US$2 billion to the US$7 billion in accounting problems it has already disclosed, The Wall Street Journal reported yesterday. Citing people close to the situation, the Journal reported
      223 words
    • WORLD Watch
      • 97 14 Reuters [LONDON] World oil prices hovered near year-highs yesterday after the Organisation of the Petroleum Exporting Countries (Opec) maintained tough output curbs, while fears of a possible US military attack on Iraq kept the market on edge. Benchmark Brent crude softened 8 US
        Reuters  -  97 words
      • 56 14 Bloomberg [PLANO, Texas] Electronic Data Systems Corp shares plummeted 36 per cent after the world's second-largest seller of computer services said third-quarter profit will be a fifth of what the company had forecast The shares fell U5512.96 to U5523.50 at 7.15 am New
        Bloomberg  -  56 words
      • 70 14 Reuters [TURIN] Italian car maker Fiat could cut up to 6,000 more jobs as it struggles with slow sales and high debts, a top union leader said yesterday, warning that the axe could swing as early as next month. Fiat laid off
        Reuters  -  70 words
      • 74 14 Reuters [FRANKFURT] Germany's loss-making Dresdner Bank is finalising details of a shake-up that will include at least 3,000j0b cuts, with as many as 1,000 likely to come from its investment bank Dresdner Kleinwort Wasserstein (DrKW). "Around I,ooojob cuts out of the 3,000 announced
        Reuters  -  74 words
      • 71 14 Bloomberg [NEW YORK] Morgan Stanley's profit unexpectedly fell 13 per cent in the third quarter, the eighth consecutive drop for the largest securities firm by market value, as investment hanking and brokerage earnings dropped by more than a third. Net income in the quarter
        Bloomberg  -  71 words
    • 435 14 NEW YORK Reuters, Bloomberg WALL STREET is unanimous in expecting no change in policy from the Federal Reserve next week but analysts also look for it to warn of risks ahead even as they ramp up forecasts for third-quarter economic growth. Treasury Secretary Paul
      Reuters,; Bloomberg  -  435 words
    • 329 14 LATEST US INDICATORS Bloomberg [WASHINGTON] US home construction unexpectedly fell in August, led by a drop in work on single-family housing, government figures showed. Builders broke ground on new homes at an annual pace of 1.609 million units last month,
      Bloomberg; AFP  -  329 words
    • 613 15 Focus now on disgraced ex-CEO of Tyco, Dennis Kozlowski AFP [NEW YORK] The lavish lifestyles of US corporate chieftains has sparked a backlash from regulators and shareholders after revelations of extravagance taken to a new level by some top executives. The latest tale of greed and
      AFP; NOEL ROSALES/ST  -  613 words
    • 286 15 Bloomberg [MURRAY HILL, New Jer sey] The shares of Lucent Technologies tumbled 6 per cent on Wednesday to a record, closing below US$l for the first time on concern the company may be delisted from the New York Stock Exchange. The
      Bloomberg  -  286 words
    • 221 15 SALES WARMINGS Reuters [CHICAGO] Cisco Systems Inc. the largest maker of equipment that directs Internet traffic, on Wednesday said its order backlog has fallen 30 per cent over the past year, raising concerns among analysts that the company may not meet revenue
      Reuters  -  221 words
    • 128 15 Bloomberg [NEW YORK] Nortel Networks Ltd's junk credit rating was lowered two levels by Standard Poor s after the telephone equipment maker cut sales forecasts. S&P said it still has a negative outlook on Nortel, meaning the ratings are more likely to be cut
      Bloomberg  -  128 words
  • 4597 14 Transaction date: Sep 19 for more, go to iiwrwxisiaonenmarketsjcorn HONG KONG Jiangsu Express M 3.13 0 03 4412 Vol Jiangsu Nandasoft Co H 0.57 unch 24 Jiangja Copper H._ 4.73 unch 1176 JrtinChemlndH— .0.52 0.01 1394 Alpha General 002 unch 7000 jilin P Huin Chglng Bio H 0
    4,597 words

  • 2266 15 i Transaction date: Sep 19 KUALA LUMPUR .3JO -002 1 Vol FS8M 1.90 0.12 2 DM W- row) Fw Industries 033 inch 0 Gadang 0.94 0.01 12 AftMRealty 049 unch 5 Gamuda 440 -005 1046 At** 1.13 m* 81 GanadCorp 080 unch 2 ACP Industries 3 06 0.02 17
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  • THE ARTS
    • 912 16  -  The energetic Dame Kiri Te Kanawa is not retiring. CHEAH UI-HOON finds out what the diva plans to do after she slows down CHEAH UI-HOON THE world's most famous soprano, Dame Kiri Te Kanawa, will take her last bow as an opera diva next month,
      CHRIS LOH  -  912 words
    • 413 17  -  The play works better io its quieter moments, says putaibi mayar PARVATHI NAYAR PIREFACE, penned in 1996 by young German playwright Marius von Mayenburg, looks at the perversions of families and society gone wrong with a disturbing perversity of its own. The play has problems, especially the fact
      413 words
    • 312 17  -  By. Mona Lim T'WAS the night when one walked into the cultural centre with pride. The NUS Symphony Orchestra was performing on its campus green at the university's Cultural Centre Hall. And the very apt opening piece was Ho Chee Kong's Over Kent
      312 words
    • 526 17  -  Group returns to community theatre with Close In My Face By. Aaron Lye IT appears that The Necessary Stage just can't keep its fingers out of community theatre after all. After having built a reputation over the past few years for being actively involved
      526 words
  • 4232 16 1 Transaction date:Sep 19 for live prices, log on to iwm>asiaonemarkets/xmi S rH2» -P** ,^q—«» Grt*r W» GrYW MM MCj. WU., "I* u c "T-< w- cm* w*> i— *»y M« or wt $3 mH ABNAmroNLG 56c 9 12 14 uic 205 85 c ACE Dynamics20c 10 10
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  • Page 17 Advertisements
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    • 123 17 I I Function Room available for your I Seminar I Company Dinner Dance. I 5 -Birthday I -Anniversary Dinner Dance I Baby's Full Moon I Buffet and Coffee Break available, I VCD, Karaoke, full sound syste»'< I Maximum 100 pax Minimum Seminar •15 pax I For enquiries, call us at
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  • CINEMA
    • 638 18  -  In Monsoon Wedding, Mini N&ir captures the exuberance of the joyful affair, while skilfully darkening the images By\ Parvathi Nayar THE monsoons in India have a life of their own as they pour down from the heavens, beating an insistent tattoo that brooks little interference. Likewise with big
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    • 476 18  -  By Parvathi Nayar ANDREW Niccol tantalised us in the sly ways he queried the real and the virtual, as writer/producer of the wonderfully subversive The Truman Show; make-be-lieve and manipulation never had it so good. Niccol takes those premises a step further as director/writer/producer of Simone the results
      476 words
    • 578 18  -  But the dragons impress in Reign of Fire by looking menacingly real By Geoffrey Eu WHAT with a bumper crop of spy kids, secret agents and superheroes clogging up our screens this cinema season, it seems that everyone wants to get a piece of the kick-butt
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    • 65 18 Lianhe Zaobao I I China's I I "mo on cake I I economy" I I 'billion I I yuaji I I business I I I I wji araar I L J* t,d fj k PLUG AND P' AY Water features are no longer just fountains. They now come with lights
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  • MUSIC
    • 411 19 At the tender age of 23, Vanessa-Mae has already reached a crossroads in her career when others would be just poking their heads out the door to life, scratching their heads and wondering what lies ahead. The release of her greatest hits album is
      411 words
    • 675 19  -  By Parvathi Nayar THE countdown to the Esplanade opening is relatively recent in the collective public mind, but for a while now, theatre circles have been abuzz, discussing its potential impact. The Necessary Stage's Alvin Tan articulates the primary query: whether an appreciable proportion of
      675 words
    • 929 19  -  The old guard show in their latest releases that they have not lost their touch, says KANNAN CHANDRAN KANNAN CHANDRAN while, Rodgers and Kirke have returned to the Company. This live recording brings back a lot of the old hits—Rock Steady, Can't Get Enough, Ready For Love
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  • Page 19 Miscellaneous
    • 160 19 CKVFTIC CROSSWORD tKiymcj footoal .4, ge> 30 -tSXtaSSr 09 26 County paopto rain to (4) sure to oe special (10) 9 A quick drop for one waiting yestproavc cm i mow DOWN for opening time (4,4) YESTERDAY S SOLUTION 1 The Italian sun-fish (4) 14 Extricated from dilemma SJJ2J; 2
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      1607 20  -  The S'pore theatre scene is getting more vibrant, but audiences are not growing fast enough, parvathi mayar finds out what can be done to woo them PARVATHI NAYAR ON its face, a National Arts Council (NAC) survey released last week looks good for theatre companies: based on three-year
      CHRIS LOH  -  1,607 words
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  • SHIPPING TIMES
    • 629 21  -  Shipping lines respond by warning of lockout By Beth Jinks [SINGAPORE] Widely feared dock worker slowdowns have begun on the US West Coast in a heightened union campaign targeting the country's largest stevedoring company and prompting a lockout warning from shipping lines.
      FILE PHOTO  -  629 words
    • 228 21 Reuters THE Baltic Dry Index (BDI) rose eight points to 1,202, the Baltic Panamax Index (BPI) lost six points to 1,202, the Baltic Handymax Index (BHD firmed 89 points to 8,196 and the Baltic Capesize Index (BCD was up 20 points to 1,493. TD(E«CHAIITEJIi Obelixl-(built 1994) 194,941 dwt
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    • 257 21 **n V CWT Distribution—0.74 unch 0 Chuan Hup 0.46 0.01 719 Co SCO Investment—0.18 unch 129 Frataht Link* 0.04 -OOt SO 08 Holdings 0.61 0XJI 3 Jay* Holdings 0-24 OOt 386 K»po«l Corp 4.50 0.02 717 K«pp*l Marin* 0.15 unch t14 K#pp*IT*l* 0.95 -aOI 289 LaOroy Marin* 025
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    • 501 21  -  With capacity of I.Bm TEUs, it will be operational early next year By P T Bangsberg [SINGAPORE] A joint venture between Denmark's AP Moller group and the Shanghai Port Authority has been tapped to rim the biggest container terminal in Shanghai, the
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    • 248 21  -  From Alec Almazan in Manila AN organisation of survivors and relatives of victims of the ill-fated ferry Maria Carmela have filed charges against the ship's owners and crew at the Department of Justice. The Maria Carmela disaster in which at least 45
      248 words
    • 662 21  -  COMMENTARY US is looking after own interests, says urqohart Donald Urquhart A SMALL victory in the US-inspired "war on terrorism" is likely to be declared later this morning when the head of the US Customs Service, Robert C Bonner and his
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    • 867 22  -  ADMIRALTY CASEBOOK Its actions to prevent ofl pollution from vessel are mandatory, not voluntary By\ Selva Kumar T HE US Coast Guard has lost in a bid to obtain salvage payment for its action to prevent oil pollution as its actions
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    • 188 22 PACC Gemartram 4 Avant 9 #6U* 9 BtangMas 5 Glory Mav 9 ISA 6 Han«B 4 BSC 9 Hamburg-Sud 5 BTl 9 Mlewig-A 3 CUACGM 3 HubUne 9 COSCO 3 HUAL 9 H Central Ei 4 Hyundai 4 Chahaya 9 8 Ctiini Shpg 5 3 Confer 9
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    • 13863 26 thebusinesstimes thebusinesstimes EXPORT F\ y**" Vo eta ETA MmMmt v««( Voyage Telephone I Number Number SIN Destn Nam* Name Numbw Number 02/10 06/11 BSA SPEYBANK SPB4 iVUMJH To ABIDJAN (ABJ) 2003 Cot* O'lvoir* OMO 13/1 moc apl Cyprine imw (H22COW 30/09 12/n China Shpg ASTA RICK ME RS
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    • SHIPS IN PORT
      • 548 30 Vessel Voy Wo Berth Arrival Departure JURONG PORT BT AFRIZAL ***** J1 A/SIDE 20/09 0600 STELLAMARE 108 J25 A/SIDE 20/09 1200 TROPICAL 288 OT/1632 J13 A/SIDE 20/09 0630 ANABAS 2276E J15 20/09 1500 21/09 1200 BAYSWATER118 E2225 J3 20/09 1700 21/09 0030 BINTAN MULYA JB0901 J2 20/09 0800
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      • 1410 30 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un Berth Name Voy Voy seq berthing Nmbr APMoaia aw am i *****002-0900 **********00 KI? *0 MWWMI 0095 0095 1 *****008-1530 **********00 AO VIOLET 047N 047N 1 *****002 1500 **********00 AL MUTANABBI Q08W J208W J_ 22/*****2-0500 22/*****212«) AIABUAYA2
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      • 375 30 *0 Max 989.9 0.9 16.4 0.11 59 0.04 P»ntrtT Water »wMw trntml+m Si«wirt No above £25 0 0 3 1 0 0 7151 380 AM 966.4 02 15.7 0.06 26 0.02 Com 380 Ma 990 5 18 18.3 0.08 82 0.06 M/W1 »»/V wm »o above
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      • 170 30 Sep 20 Korea: Harvest Day. Sep 21 Korea: Harvest Day. Taiwan: Mid-Autumn Festival. Sep 22 Hong Kong: Mid-Autumn Fest val. Korea: Harvest Day. Sep 23 Japan: Autumnal Equinox Day. Oct 1 China: National Day. Hong Kong: National Day. Oct 2 China: 2 Day of Nat Day. Oct 3
        170 words
      • 795 30 THIS report, compiled by Cockett Ma line Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem Market movements are indicated The Cockett Bunker Price Index change and
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    • AIR & LAND transport
      • 634 31 Intra-Asawill average 8.4% growth compared to world average of 6.4%: Boeing [KUALA LUMPUR] Boeing projects that world air cargo traffic will expand at an average of 6.4 per cent during the next two decades, with Asian air cargo markets continuing to
        AFP  -  634 words
      • 276 31 Bloomberg [WASHINGTON] US Airways Group Inc may seek bankruptcy court permission to return more airplanes to creditors unless the seventh-largest US carrier can renew leases at reasonable rates, chief executive officer David Siegel said. "We said we're not going to pay any
        Bloomberg; REUTERS  -  276 words
      • 317 31 It's unable to get concessions from pilots, the highest paid staff Bloomberg [ATLANTA] Delta Air Lines is likely to eliminate more jobs because a slump in air travel means the third-larg-est US airline still has more workers than needed, its president
        Bloomberg  -  317 words
      • 290 31 Reuters [MIAMI] Miami International Airport, the top US gateway to Latin America, cannot meet a year-end deadline for screening all checked bags, and to do so would cause disruptions of the same magnitude as those after Sept 11, the airport director said
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      • 341 31 Heet expansion, from April 2003, is its largest to date Reuters [MUMBAI] India's state-run international carrier Air India has approved a plan to buy 17 long-range aircraft over five years starting from April 2003, its largest fleet expansion yet, a
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      • 258 31 AP [WELLINGTON] New Zealand's competition watchdog on Wednesday acknowledged for the first time that it has met Air New TwiianH and Qantas Airways to discuss the Australian airline's plan to take a stake in the New Zealand carrier. The Commerce
        AP  -  258 words
      • 196 31 Reuters [SEOUL] South Korea plans to launch a discount airline in 2003 as the southern resort island of Cheju looks to tap attention won during June's hosting of the World Cup. Air travel is already affordable in South Korea as Korean Air Lines
        Reuters  -  196 words
      • 1376 31 cm mwr m a— n» mwmi 1*9770 2230 »*m wow mm tm mm mm ttm mm tm—mm ma mm in 222s ubw ous uma rm ttm n» so* 2M5 mm ous sun ex turn BB UB7M IMS M7B7 2291 tmmmmtm MHH mm r $0325 ws on
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  • Page 30 Miscellaneous
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