The Business Times, 6 February 2003

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Total Pages: 26
1 26 The Business Times
  • 15 1 MfTA (P) 010/03/2002 85c THE BUSINESS TIMES SINGAPORE nt. http//business-times.asiai com.sg THURSDAY, FEBRUARY 6. 2003
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  • 489 1  -  |:iri exclusive Sources say JLL is marketing agent for complex estimated to be worth $900 m Bu Kalpana Rashiwala [SINGAPORE] All four stakeholders of Bugis Junction have given the go-ahead for the sale of the retail, office and hotel complex, which is
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  • 589 1  -  Retailers are predictably upset, bat mayor hopes levy will relieve congestion From Neil Behrmann in London A SINGAPORE motorist will feel right at home in London come Feb 17. The British capital is applying measures to break the gridlock on its streets,
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  • 72 1 Dsn 1,291.89 (4.70) ST INDEX FUTURES 1,292.00 (-2.00) SIMSCI FUTURES 157.90 (-0.20) Wednesday Change KLSECOMP 668.18 +341 NIKKEI 225 8.549.85 *6495 ■AMI SENG A180.47 7124 SET INDEX SUi -0.09 JAKARTA COMP 392.31 1.83 MANILA COMP .1,***** 12.41 TAIPEI WP1 rinsed SEOILCOMP 600.68 -3.10 SHENZHEN B .Hosed AI'ST ALL OKI)
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  • 76 1 FOREX RATES US$ 3$ I'SS (SS per I SS) 1.738 £(ISS/SS per S) 1.651 1870 El'RO(l'S$/8S/E) 1.091 1896 YEN 119,1 68.H0 KM 3.8U0 2.186 HKS 7.799 4487 BAHT 42 70 24.56 Rl'PlAH 8.869 5.102 RENMINBI 8.302 4 776 INDIAN RI'PEE— 47.74 27.46 PRIME RATES SINGAPORE* 515 Kl ALA 1.I
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  • 359 1  -  His jobs likely to be taken over by SBS, DelGro officers By\ Christopher Tan [SINGAPORE] SBS Transit executive director Phua Tin How has submitted his resignation, just days after being given a new role. Mr Phua relinquished his roles as group president
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  • 552 1  -  Legal issues drive it to put restrictions on non-paying users By Serena Ng [SINGAPORE] Internet technology company ShareInvestor has moved to prevent non-paying users of its website from posting in its individual company discussion forums because of legal issues. Sharelnvestor which has about 44,000 non-paying
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  • Page 1 Advertisements
    • 77 1 POWELL'S EVIDENCE NEXT PAGE Executive Woman As a woman, you work and play hard whether in the corporate world or at home. Recognising this, BT launches Executive Woman, a new page catering to women's interests, lifestyle issues, health and just plain fun. Check out the debut edition TOMORROW, where we
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    • 4 1 illllll 8 ******1 *****4"
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    • 203 1 The Raffles Conversation ff is back Jlitgaporeans I grumble... that the Government is interfering in too many things and wants to be I involved in every aspect of our lives which is true. But oa the other hand L_— Former Speaker TAN SOO KHOON speaks his mind on the burning
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  • NEXT page
    • 687 2 Traders seem to believe his address removes considerable market uncertainty Reuters Bloomberg AFP [NEW YORK] Wall Street stocks rose yesterday morning as US Secretary of State Colin Powell offered evidence that the US said convincingly shows Baghdad is hiding banned weapons, developing nuclear weapons capability and
      Reuters; Bloomberg; AFP  -  687 words
    • OM THE grapevine
    • 183 2 Reuters [MALAYSIA] Malaysian Prime Minister Mahathir Mohamad yesterday shot down speculation that he would call a general election before he steps down in October after 22 years in power. Dr Mahathir, who tearfully tried to quit last June before being persuaded to hang
      Reuters  -  183 words
    • 438 2  -  It aims to make country attractive for foreign firms Froml Shoeb Kagda in Jakarta STUNG into action by the erosion of its industrial base as foreign manufacturers continue to pull out of the country, Indonesia has established a Business Solution Centre to help businesses
      438 words
    • 587 2  -  They seek capital, clients, business partners, links to global markets By j Andrey Tan [SINGAPORE) Over 400 Chinese and Indian hightech firms and start-ups have set up in Singapore to seek capital, clients and business partners, as they look to internationalise their
      587 words
  • Page 2 Advertisements
    • 102 2 "Tke 3ast inspiring tke future. Notking sparks my passion more than putting tke top down and turning tke key an roadster. It my love of watckmaking and tke classic cars tkat j <- kas inspired tkis 1940 s style concept; tke "Timemaster Made eack Timemaster two a spare parts Q-IRONOSWISS
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  • Page 3 Advertisements
    • 51 3 ralteSiiL. K iVW ■S ;(V VV |l I /vgßpSwf ?fl H' V\ MfeJiL XF KJ| lr V^b I I V WH I §L, l^g r\A l I'll L4| 11/ I mjUnT\ #01-03/04 Ngee f\ tJ Isetan Scotts Level 3 Tel: 6735 1785 111 #01-061/063 Suntec City Tel: 6337 7455 huoo
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    • 84 3 HIGH POINTS OF WESTERN CLASSICAL MUSIC Les Arts Florissants is one of the world's Explorations: Pre-performance top early music ensembles. Their talk by William Christie performances on 18 Feb features extracts Concert Hall Main Foyer, 19 Feb, 6.30pm from Purcell's The Fairy Queen and (Free admission) Rameau's Les Indes Galantes
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  • SINGAPORE companies
    • 409 3  -  t~-ii exclusive UOL, in possible joint venture with Low Keng Hn&t, said to be likely buyer By 1 Kalpana Rashiwala THE first major collective sale of the year is close to being inked a deal for the sale of
      FILE PHOTO  -  409 words
    • 671 3  -  HOCK I I l angela tan GIVEN the dismal state of the economy, any company which has reported strong double-digit growth and is poised to generate similar growth rates over the next few years, should excite investors. Strangely, this does not seem to be
      671 words
    • 440 3  -  Developers seen gaining if group tax relief is instituted Byi Andrea Tan EARNINGS expectations and the release of a high-lev-el Economic Review Committee (ERC) report today propelled the share prices of Keppel Land and CapitaLand yesterday. KepLand rose as much as eight cents
      440 words
    • COMPANY Briefs
      • 85 5 Cycle Carriage ups Astra stake JARDINE Strategic, the dominant shareholder of Singapore's Cycle Carriage Ltd (CCL), has announced that CCL had raised its stake in Astra International, confirming a BT report published yesterday. Jardine said CCL now owns 34.31 per cent of the Indonesian motor-based group, from 31.14 per cent
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      • 79 5 SSANGYONG Cement has advised that shareholders read carefully Oversea-Chinese Banking Corporation's announcement—on behalf of Afro-Asia International Enterprises—last week that the offeror's cash offer of $1.05 per share had become unconditional. In a Jan 29 statement, OCBC said that the offeror had control of 39.5 million shares
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      • 75 5 TROUBLED infrastructure construction company, Seatown Corporation, has been placed under Interim judicial management, pending the outcome of its judicial management petition filed with the High Court of Singapore. The court hearing will be on Feb 26. Nicky Tan has been appointed as interim JM. The loss-making
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      • 79 5 MULTTVISION Intelligent Surveillance Limited said it has secured a contract from Macau's Elixir Group for a pilot project to provide digital video surveillance solutions as part of the security requirements for an extension of a casino in Macau. The contract value to Elixir is HKs4.*43 million
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      • 32 5 ADVANCED Systems Automation Ltd said Lim Kee Ming has resigned as chairman and director of the company. The appointment of a new chairman will be announced in due course.
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      • 59 5 SINGAPORE Airlines it has entered into an agreement to lease two 8747-400 aircraft to Air Pacific Limited. The lease period is for five years, with the option to extend each lease for another one or two years. The aircraft will be delivered
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      • 63 5 OCULUS Limited said the group has received a grant under the Economic Development Board's Innovation Development Scheme to support the group's project to develop a new generation of disposable colour lenses. This project is expected to result in the introduction of a stronger line of disposable
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    • 310 5  -  Management revamp comes amid firm's battle against slump in construction industry By] Michelle Quah HUA Kok International, a victim of the construction industry slump, has announced top management changes, a year after some major board appointments. The mainboard-listed construction group said its executive deputy
      FILE PHOTO  -  310 words
    • 359 5  -  Exercise will write off accumulated losses of $57.5 m By] Michelle Qoah FINANCIAL report printer Xpress Holdings formerly known as i-One.Net International yesterday received approval from the High Court for a capital reduction exercise, which will help the group write off its
      359 words
    • 256 5 Reuters SHIPPING group Neptune Orient Lines Ltd (NOL), which is looking to raise funds to cut its US$2.5 billion debt mountain, saw its shares rise yesterday amid talk the company is planning a debt deal. "NOL rose on a report
      Reuters  -  256 words
    • 227 5 Reuters [SYDNEY] Singapore Telecommunications Ltd yesterday said it planned to cut costs .and free up capital by selling some Australian broadcast assets to pay-tele-vision group Foxtel. SingTel's Australian unit Optus said it would sell some assets in its National Digital Media Centre in Sydney
      Reuters  -  227 words

  • SINGAPORE markets
    • Article, Illustration
      302 4 OTHER SINGAPORE INDICES Feb 5 VALUE CLOSE 295.CX) 112.00 ITCAW -*****.00 -1.00 -*****.00 -29.00 jMHQE»rib— 344.86 40.39 SCElriMnEhd 112.11 -2.07 SCEjdHwFlu 1098.36 -14.37 307.58 +1.85 WflStewon 157.85 -0.43 SMSar*wrm 157.90 -0.20 Stocks Vokmw MuttiVts HK7c 13,317,000 LiMlC 13.157,000 DMXTech US5c 11,274.000 SingTel 15c 10,264XXX) Chart SemiCond 26c 9,898,000 SemdCorpInd 25c..................
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    • 287 4  -  HOT STOCK/ WARRAMT By 1 Ven Sreenivagan SHARES in SembCorp Logistics have perked up after the company unveiled a 30 per cent jump in net operating profit to $78.5 million. The growth was led by a surge in pre-tax earnings for its
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    • 765 4  -  ■1 i comment STOCKS r. sivanithy BEING off the radar screens of foreign funds and being heavily un-der-owned by the big boys have their advantages. Despite war fears, tension over North Korea's nukes and overnight wobbles on Wall Street, the Straits Times Index lost just 4.7
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    • 631 4  -  -iri comment CURRENCIES North Korea, al-Qaeda and Wall Street add to Iraq war worries Wry wee GOLD, the Swiss franc, and the euro exploded to new highs yet again yesterday, as fresh worries piled up against the US dollar ahead of
      Source: Reuters  -  631 words
  • 45 4 UNIT TRUSTS FUNDS LEGEND; Alprkasar* mdkatm* «nfM tor E* Nnggft talk Iraadhr Dtvanfflad I Narrowly fooaad; S Lnmr Hric »tow to Mm awe ft imm «d m*> »nilnt*ftrtn»»ii<i< Muii of urMv wJbffrrmor at inK ST (tor rtK* ip*t N> Mar Ol.fcng Day; mm Roor MccOUIS
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  • EXECUTIVE suite
    • 486 6  -  War and the holidays are a damper on activity, finds Andrea Tan Andrea Tan IT'S a sluggish start to the Year of the Goat. New home sales are slow and property launches even slower as war drums beat, consultants say. "Most developers are
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    • 605 6 Bloomberg MILLION-DOLLAR home sales in California rose 45.5 per cent to a record in 2002, as appreciation drove the value of more houses above that threshold, according to a report by Data Quick Information Systems. A total of 13,828 homes sold for US$l
      Bloomberg; BLOOMBERG  -  605 words
    • 811 6  -  By Vince Chong BELEAGUERED Ponggol Marina was put 'up for tender yesterday by Taiwan's First Commercial Bank (FCB), but market watchers expect offers to fall far below its $50 million development cost. CB Richard Ellis is handling the tender, which closes on
      FILE PHOTO  -  811 words
  • Page 6 Advertisements
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    • 49 6 The Business Times Sony Ericssen Promotion fmt? Your chance to acquire the latest MH3 mobile marvel from F~H Sony Ericsson K5B worth $1338 Fill ft -*582 mim I PBOO ,338 (wflbwt few) .--f -ess lely in Tfco Business Times'bosomUtestvlopseesoe Foil 2003 Sponsored by: Organised by: C| Sony Ericsson THEBUSINESSTIMES
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    • 30 6 We've MADE a HAUL! Sh3'e the gooc news with your shareholders. Releasing a financial statement? Call 1800-*****22 or email: Recruit*? sph.com.sg ik y our Notices advertisement in our newspapers now.
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  • SINGAPORE news
    • 550 7  -  Indian DPM wants replication of experiment in other Indian states By Amit Roy Choudhury INDIAN Deputy Prime Minister Lai Krishna Advani yesterday described Singapore's International Technology Park in Bangalore as "a great success" and said work on the second phase was proceeding
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    • 210 7  -  =W 3 on the economy prices By\ Elgin Toh P PRICES rose slightly last December, due mainly to high oil prices, according to the Department of Statistics. The Singapore Manufactured Products Price Index (MPPI) and the Domestic Supply Price Index (DSPI) for December indicated
      Source: DOS  -  210 words
    • 304 7 Allen Gledhill in Asian top firm race ALLEN Gledhill has won International Financial Law Review's award for the top Singapore law firm for the fourth time in a row, and is now in the running against 12 others to be its 2002 Asian law firm of the year. Three Singapore-linked
      304 words
    • 453 7  -  It is using these cards to build up product range By Slow Li Sen CITIBANK is aggressively marketing its latest product the debit card to more affluent customers to sell core products like its unsecured ready credit and deposit/chequing account. This is
      453 words
    • 197 7 SINGAPOREAN businessman Tony Chew LeongChee's Asia Resource Corporation (ARC) has announced that it is investing in a $30 million tobacco processing plant in Indonesia. ARC has teamed up with Standard Commercial Group and an Indonesian partner to take a 30 per cent
      197 words
  • Page 7 Advertisements
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    • 116 7 Yusheog Promotion per order (18 15 Feb) Harmony Lobster *t $138 Fortune AbaJone at $106 Prosperity Salmon at $40 (small) or $70 (large) I Grand Reunion Buffet Dinner Show (31 JwiTj Stamford Room, 4th Floor Enjoy an excellent Yu Sheng buffet dinner wtth live I entertainment and fantastic giveaways. $32
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    • 82 7 /•H Famous Tradition VSJ/ Raw Fish frfig Salad Spring Court The Oldest Chinete Resttumnt in Smg&porr since 1929 488, Upp East Coast Rood Singapore *****0 4JPL Lunch 11.30 am 2.30pm Japanese Ben to Sushi TV Delivery I sushi Japanese Bento coll 623* 077^] Weekdays *15-90" (Adah) $l*-90*« (Child 11 yn
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    • 81 7 m m Celebrate the Lunar New Year with our range of Set Menus catering to all budgets and group sizes. From 118 for two persons to $688 for ten persons. Daily lunch and dinner. From 2 to 15 February 2003. HMERITUS MANDARIN SINGAPORE r Lunch 12.00 noon to 2.30 pm
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  • EDITORIAL& opinion
    • 655 8  -  ■uTTqI I bottom line OPINION eisuke sakakibara IHT THE world economy is undergoing a transformation that occurs only once every century or two. Japan and other mature industrialised countries must adapt Building on revolutionary technological innovation, the globalisation that started in the 1990s
      IHT  -  655 words
    • 90 8 'We were putting in 14 hours a day for a fistful of flies. We'd see our old customers walk by with supermarket shopping bags.' Sihrana Moscatelli a former grocery owner in Italy, on the impact of supermarkets on small businesses. 'We're taking the last step into the
      90 words
    • 983 8 EDITORIAL IT took incessant misrepresentations by Malaysian leaders, along with careless talk of war, before the Singapore government decided to reveal all including confidential documents on the water dispute between the two countries. The reactions from across the Causeway since then have been instructive. Prime Minister
      983 words
    • 934 8  -  That's what Japanese banks are resorting to these days, in an environment of razor-thin yields and stubborn deflation By Ken Belson NYT [TOKYO] People often think of zero interest the way physicists do the speed of light, as an absolute limit. After all,
      NYT; AFT  -  934 words
    • 194 8  -  MAILIiETI Leong Sze Hian Singapore I UNDERSTAND that equity funds that lost money for their investors have picked up prizes at some annual investment fund awards because they happened to be the best in their category. Should a fund manager be given an award for having lost the
      194 words
    • 143 8  -  Capt Ngoh B P Singapore I REFER to "Shipowners can take steps against pirate attacks" (Shipping Times, Feb 5). So far, of all the suggestions to counter high-seas piracy, the proposal in your article about using non-le-thal electrified fencing around a
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  • Page 8 Advertisements
    • 99 8 Fax your letters to 6319-*****r email them to btietterGsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the
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  • REGIONAL news
    • 429 9 MANILA Foreign embassies, US firms could be targeted if war breaks out in Iraq AFP AMERICAN troops, foreign embassies and US businesses in the Philippines have been warned to expect terrorist attacks if war breaks out in Iraq, the country's armed forces chief said
      AFP  -  429 words
    • 127 9 MANILA Reuters THE Philippines said yesterday that it will seek tenders to buy 400,000 tonnes of rice this month to head off a possible spike in rice prices brought on by the El Nino weather pattern and a looming war in the Middle East. Officials
      Reuters  -  127 words
    • NOTE Book
      • 79 9 Reuters [KUALA LUMPUR] Malaysian hotel and property group Pernas International Holdings Bhd (PIHB), which owes RM2.5 billion (Ssl.l billion) in debt, yesterday said it had sold its stake in a landmark building for RMI3I million. PIHB, taken over last month by a company linked to
        Reuters  -  79 words
      • 56 9 Reuters [BANGKOK] Thailand said it will reopen checkpoints along its 800 km frontier with Cambodia today, a week after closing them following anti-Thai riots in Phnom Penh. "We can open the border tomorrow now Prime Minister Thaksin Shinawatra has agreed to ease border restrictions," Deputy
        Reuters  -  56 words
      • 81 9 Bloomberg [KUALA LUMPUR] Shares of DRB-Hicom Bhd fell as much as one per cent after it said some officials claiming to be representatives of two finance companies repossessed 34 of its buses without prior notice. DRB-Hicom and its bus unit have filed an injunction in the
        Bloomberg  -  81 words
      • 88 9 Bloomberg [BANGKOK] Thailand plans next year to raise benchmark property prices by at least 10 per cent amid a housing boom in an economy that may have grown at its fastest pace in six years. The move may allow banks to set aside less money
        Bloomberg  -  88 words
    • 253 9 DHAKA Authorities said to be in talks with S'pore, HE on this AFP BANGLADESH, which is heavily dependent on oil imports, is arranging an emergency reserve in case of war in Iraq, Finance Minister Saifur Rahman said. It is reportedly negotiating with Singapore
      AFP  -  253 words
    • 268 9 PUTRAJAYA. Malaysia Reuters ANY US-led attack on Iraq risks fanning Muslim feelings of persecution and creating a new generation of would-be al-Qaeda members, Malaysian Prime Minister Mahathir Mohamad warned in an interview yesterday. Dr Mahathir, viewed as one of the few strong
      Reuters  -  268 words
    • 371 9  -  London police say £lm payment wasn't an offence FYotn Eddie Toh in KutiUi Lumpur MALAYSIAN utilities ty coon Francis Yeoh's YTL Power has been vindicated over an alleged bribery in the purchase of Wessex Water in Britain last May. According to reports, London police
      371 words
    • 379 9 KUALA LUMPUR Bloomberg MALAYSIAN exports rose at the slowest pace in six months in December, pulled down by a decline in shipments of electronics. Exports rose 8.6 per cent to RM28.5 billion (Ssl3 billion) from RM26.3 billion a year earlier, the
      Bloomberg  -  379 words
    • 717 10 POWER WOES Spectre of outages looms as Congress short-circuits privatisation bid Reuters [MANILA] The Philippines has a problem with power for its people. Filipinos pay some of the highest electricity rates in Asia, shortages are looming barely a decade after blackouts paralysed the
      Reuters; AFP  -  717 words
    • 134 10 MANILA Bloomberg SIEMENS AG, Germany's biggest electronics and engineering company, will seek U5594.2 million of construction fees that customer First Philippine Holdings Corp withheld for late completion of the Santa Rita power plant. Siemens also rejected a claim by First, the Philippines largest publicly traded
      Bloomberg  -  134 words
    • 151 10 KUALA LUMPUR Reuters MALAYSIA'S power firm Tenaga Nasional Bhd (TNB) plans to sell electricity using a pre-paid system to cut operating costs, a report said yesterday. The system, to start in April, will help curb power theft costing Tenaga RM4OO million
      Reuters  -  151 words
    • 298 10 JAKARTA Reuters INDONESIA'S government hopes to raise nearly US$4OO million from the sale of a 51 per cent stake in the country's fifth-largest bank, Bank Danamon. I Nyoman Sender, deputy chairman of the Indonesian Bank Restructuring Agency (Ibra), said Jakarta hoped to get
      Reuters  -  298 words
    • 199 10 MANILA Bloomberg THE Philippine government will revive plans to sell its 40 per cent stake in Eastern Telecommunications Philippines Inc to raise funds this year to plug the budget deficit, Finance Undersecretary Eric Recto said. The government in 1998 failed to sell the
      Bloomberg  -  199 words
    • 590 11 Top govt officials warn property market is at risk of overheating AFP [SHANGHAI] Developers remain buoyant about property construction in Shanghai despite a warning from top government officials that the market is at risk of overheating. In China's largest city, the property bust of the
      AFP; REUTERS  -  590 words
    • 140 11 HONGKONG Number of nnits sold saw 21% decline to 7,293 Bloomberg HONG Kong property sales, mainly of apartments, fell 29 per cent in January from a year earlier to HK$l4.6 billion (553.3 billion), the government Land Registrysaid in a statement issued
      Bloomberg  -  140 words
    • 377 11 ■HONGKONG AFP HONG KONG is considering building an exhibition complex on its border with mainland China to allow Chinese businessmen to meet with foreign investors, a newspaper report here said yesterday. The Hong Kong Trade Development Council has been asked to conduct
      AFP  -  377 words
    • 222 11 MUMBAI Bloomberg SHARES of Satyam Computer Services Ltd, India's fourth-biggest software services company, fell after Gujarat Samachar newspaper reported that tax officials were investigating allegations that the company's founders traded the stock among themselves to boost its price between 1999 and 2001. Chief financial
      Bloomberg  -  222 words
  • Page 9 Advertisements
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  • Page 12 Advertisements
    • 946 12 L/TTT Grove X s i"<Ti off Sixth Avenue Chong® *51 Prime residential Jr proftm enclave of BukitTimah Jf Land area 1731.3 sm/18.635.5 sf W&rn 4685 A 4572 L 4 rtgh School Zoned 3-storey 'Mixed Landed" Tender Closing: 4.00pm, 11 Feb 2003 Freehold/Approval fa sale has been obtained For tender documents,
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    • 109 12 Authentic TEOCHEW Raw Fish to welcome the Auspicious New Year *tn A Fresh Approach To Tossing Up Luck. IC'\ The best way to usher in another 0^ prosperous New Year is to savour our authentic Teochew-style Yu-Sheng at Hung Kang Restaurant. Whatever is your choice, you can be assured that
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  • WORLD news
    • 479 12  -  Its Q2 profit hits record high of USs99lm on cost savings as sales dip From, Jennifer Lien in Silicon Valley CISCO Systems has posted higher-than-expected earnings for the second quarter ended Jan 25, but chief executive John Chambers sees "downside" in
      479 words
    • 135 12 Reuters [MELBOURNE] Media magnate Rupert Murdoch is to become a father for the sixth time, Fortune magazine reported. Mr Murdoch, the 71-year-old chairman and CEO of News Corporation, told Fortune that he and third wife Wendi Deng, 35, are expecting their second child
      Reuters; FILE PHOTO  -  135 words
    • 380 12 NEW YORK Greenspan to give his testimony to Congress on Feb 11 Reuters Bloomberg THE mammoth US services sector, which accounts for the bulk of the overall economy, expanded for the 12th straight month in January, a report said yesterday. In a
      Reuters; Bloomberg  -  380 words
    • 728 12 NEW YORK NYT TED Turner, the "mouth from the South," has left the building. Now, executives and employees at AOL Time Warner, the company from which Mr Turner resigned as vice-chairman last Wednesday, wonder what he will say next. The mercurial Mr
      NYT  -  728 words
    • 332 12 Bloomberg [WASHINGTON] More than two-thirds of the Senate has signed a letter to President George W Bush urging him to ignore a World Trade Organization ruling against a US law that allows companies to collect duties won in unfair trade cases. Failing to comply
      Bloomberg  -  332 words
    • WOULD Watch
      • 68 12 Reuters [TOKYO] Japan Telecom Holdings, a unit oj British mobile phone giant Vodafone, yesterday said it was in talks with US Investment fund Ripplewood and others on selling its fixed-line unit. Analysts said the deal represented a good opportunity for Vodafone to quit Japan's
        Reuters  -  68 words
      • 73 12 Bloomberg [BERLIN] German unemployment rose to a 4 V 4 -year high in January, increasing the risk that Europe's largest economy will slide into its second recession in two years. The number of people out of work increased a seasonally adjusted 62,000 from December to
        Bloomberg  -  73 words
      • 75 12 Reuters [TOKYO] Toyota Motor Corp yesterday booked a strong quarterly profit thanks to cost cuts, a resurgent euro and a big sales expansion globally, putting it on track to post record earnings for the full year. Group net profit for the third quarter
        Reuters  -  75 words
      • 70 12 Bloomberg [TOKYO] State-owned Development Bank of Japan will assume the risk of default on some loans made by Mizuho Holdings, in its first attempt to help private lenders bolster their balance sheets. Mizuho will be able reduce risk-weighted assets by 100 billion yen
        Bloomberg  -  70 words
      • 68 12 NYT [FRANKFURT] Reaping the benefits of a deep cost-cutting regime at its troubled Chrysler division, DaimlerChrysler said on Tuesday that it swung from a net loss to a profit in the fourth quarter and for all of 2002. For all 0f2002, the company reported net
        NYT  -  68 words
      • 50 12 Bloomberg [FRANKFURT] Commerzbank expects to return to profit this year as it cuts more jobs. The bank had its first annual loss in 2002 after setting aside 1.32 billion euros (Ss2 5 billion) for bad loans. The bank lost 296 million euros last year. Bloomberg
        Bloomberg  -  50 words
    • 392 13 WASHINGTON SEC also invites comments on new self-regnlatory agency for industry LAT-WP THE Securities and Exchange Commission on Tuesday proposed rules that would require mutual funds to have written policies to ensure that the funds comply with federal securities laws. The SEC also voted
      LAT-WP  -  392 words
    • 367 13 NEW YORK NYT THE Bush administration has reversed course and decided not to penalise individual investors who borrow money to buy dividend-paying stock. The reversal came on Monday in the administration's latest description of its plan to end the double taxation of corporate dividends. Just
      NYT; REUTERS  -  367 words
    • 602 15 LONDON Bat those who can take long-term view should not ditch stocksz study Reuters STOCK market investors may have to wait 15 years for share prices to recover to their 1999 heights, according to a study on stock market returns
      Reuters  -  602 words

  • Article, Illustration
    1089 13 Transaction date: Feb 5 OfTERB AJTK CROSS RATES AS CS h* too ms Mb tuptati 1m Woa Ml Wh fin SStort Sir 6T$ 6a* Pma6 m Australia 0 8% 4.916 0.543 4.620 ***** 52.538 0.707 6.956 2251 1077 34.454 ***** 1030 4.9K 0.796 20.551 ***** 0J59 0.592 Canada UK
    1,089 words
  • 1533 13 SICOM FUTURES Feb 5 KUBKft Fatares (CMg picas) RSS1(ScwtsA«) Close VotWM Open Mont* Hjifc Low Sett (touts) Interest Mar 03 167.50 Apr 03 ***** May 03 171.75 Jw 03 ***** ItSS 3 (US emte/kq) Volume Opm Month Htyfc Low Sott (tonnes) Interest Mar 03 9625 9525 9525 W50 *925
    1,533 words

  • 11 14 Transaction date: Feb 5 for more, go to wwwjCGiaonmmarketsjoom
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  • 5 14 Transaction date: Feb 5
    5 words
  • 745 14 h Transaction date: Feb 5 CMC 0 54 UR «M<0 MSMtt Ml 2510 -0520 CapftsLand 147 15W «0520 OCBC Ut IK oOV) Part 5—iCmU 2fc 05K -0-015 OUC 0S7 SJH -0050 CHyOwStk IJI 3 820 -0540 hrkMyHISc 0* 5745 -0005 Ohm T 25c Mi ***** 4 WO SOU IS
    745 words
  • 482 14 BONDS WARRANTS Laat M Cm* taar dk Sata «f cm* to*e Wn U* AST1W*****1 175 1 16 179 0 69 16 Acme Lid W*****0 15 1 50 092 433 21 Amwk W*****0 755 unctl 35 1 33 1 142 20 Armstrong WD***** AS 1 10 91 11:00 15 8ar6%5A*****110k 10*»
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  • Page 14 Advertisements

  • 13 15 Transaction date: Feb 5 for live prices, log on to umrwjjsiaonemarketsixm^
    13 words
  • 56 15 Urt 1M Day LI Q—*i StOte M> SrtW MM KCa C—f Cw «<. O. %Ht*3 ***** 8S Dvimondi US8780cd S240 2)00 IS DJ US Tech US3740 SJS 5» IS MSG Spore US555 11H0 8200 ISS4PSOO USI270 ***** 8780 SPORS US8280 tMS 190 STIETT100 13S0 1388 1418 1417 1205
    56 words
  • 1427 15 U-M Last Vai Day LMQM> Grot. Mr CrtW Net MCaa 6» u» r.if i| sa*» w- ooo; t— «i» Vfc cv m iiJ 22 73 ABRHtdgs5c §5 unch 35 95 8.5 85 95 113 24.5 15 APOriic 17.5 16.5 175 5 11.5 1.4 7.4 154 58 13 AS
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  • 334 15 524* LM M Day Last QwHe QrOw Okr GrTM Mat MCas I— Cammm Mi W- rww U» rn*m S*t Cw W M IIS SO AV Jennings A2Sc A97.5 -2 75 99 57 97.5 99 40 3.4 10-3 5.7 2098 Cathay Pac 20c MK720 265 2.1 7.4 6 *****2
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  • Page 15 Miscellaneous
    • 201 15 CRYPTIC CROSSWORD plra 28 Fool round after film, "The Soanish Artst" C7\ performance (9) Oration, 11 Utensil, 12 Sets, 13 29 Lackof practice in oxidising 13 offenng central heating Staid. 14 Name. 17 Concord, 18 process? (9) to French city (7) Maestri, 19 Enlarge, 22 Abiding. 15 Unkempt, having suffered
      201 words

  • BizIT
    • 869 16  -  I Hi exclusive That's dependent on good execution in China, India, says SAP's new regional chief By' Tang Weng Fai SAP AG may have had flat global growth last year. But Asia is a totally different story for the Germany-based
      869 words
    • 364 16 Reuters [SEATTLE] It only took 10 minutes for the SQL Slammer worm to race across the globe and wreak havoc on the Internet two weeks ago, making it the fastestspreading computer infection ever seen, researchers said on Tuesday. The worm, which nearly cut
      Reuters; AFP  -  364 words
    • 726 16  -  I :j t comment TECHNOLOGY The tech-driven business cycle triggered a major downturn, trat Michael M&ndel argues that we're really better off kenneth james AS fears of war and terrorism cloud the horizon, and a return to strong economic growth seems to
      726 words
    • 535 16  -  Replacement buying to bring growth in 2003 after 2 years of decline: Gartner By Amit Roy Choudbury AFTER shrinking 11 per cent in 2001 and 0.3 per cent in 2002, the Singapore personal computer market should return to positive growth this year, according to
      Source:  -  535 words

  • SHIPPING TIMES
    • 263 17 Reuters THE Baltic Dry Index rose 12 points to 1542, the Baltic Capesize Index fell 9 points to 2016, the Baltic Panamax Index rose 45 points to 1558 and the Baltic Handymax Index fell 10 points to 9460. TIME-CHARTER: Aquagem (built 1997) *****2 dwt 14.5 on 60 ndas
      Reuters  -  263 words
    • 270 17 sex 'ooo Ft»5 SS V« CWT Distribution 0.70 unci) 0 Chum Hup 0.44 unch 776 Cosco Investment 0.(9 unch 70 Freight Links 0.04 0.01 30 CB Holdings 0.59 unch 2 Jaya Holdings 0.27 0.01 1857 Keppel Corp .3.62 -0.02 3778 K1 Venture 0.15 unch 152 Keppel Tele 0.87
      270 words
    • 626 17  -  It drops 8 from its list of 66 vessels banned from European waters By Donald Urquhart [SINGAPORE] Retracting eight vessels from its 66 vessel blacklist and moderating its fiery post Prestige rhetoric, the European Commission (EC) now appears to be softening its
      626 words
    • 190 17 AP [DARWIN] Two Indonesian fishing boats, whose crews have been accused of illegally catching sharks and cutting off their fins, have been detained by authorities off Australia's north-east coast, fisheries officials said on Tuesday. One boat found with 30 shark fins and seven crew
      AP  -  190 words
    • 55 17 [NAZAIRE] A 45-metre long, 12-metre high bridge weighing 630 tonnes is set on the Queen Mary 2 ocean liner, at the Chantiers de L 'Atlantique in Saint-Nazaire. Queen Mary 2 will be the largest ocean liner ever constructed and is to be delivered to its
      AFP  -  55 words
    • 316 17  -  Anssie port cargo handler has no plans for farther acquisitions By Beth Jinks [SINGAPORE] Australia's dominant port cargo handler, Patrick Corporation, enjoyed a better than expected first quarter in its three key business areas. The upbeat announcement, made by chairman Peter Scanlon at
      316 words
    • 271 17  -  By Donald Urquhart [SINGAPORE] Major container shipping lines carrying the majority of cargo on the Asia-Europe trades have reacted to the latest rise in oil prices by announcing bunker surcharge hikes. The Far Eastern Freight Conference (FEFC), an industry grouping of major
      271 words
    • 552 18  -  NEWBUILDS I -By] David Hughes THIS week's new orders list features container ships of what nowadays would be considered modest dimensions. A fortnight ago however, I listed five 8,100 TEU (twenty foot equivalent units) ships ordered by Seaspan and China Shipping Group.
      FILE PHOTO  -  552 words
    • 3 18
      3 words
    • 8073 22 THEBUSINESSTIMES ETA ETA Advertiser VMM* V ov*Q« Talephona SIN Dest'n Nam* Nam* Number Number 05/03 25/03 MOL API BELGIUM II3E 45-*****404 12/03 01/04 MOL APL SWEDEN 005E 65-*****404 21/M 04/04 Seaward MALDIVE CARRIER 737A 45******77 To CONAKRY (CKY) 2088 Gutnaa IT/02 29/03 Delmas HYUNDAI FORTUNE 313W 45-*****344 24/02
      8,073 words
    • SHIPS IN PORT
      • 633 25 Vessel Voy Wo Berth Arrival Departure JURONG PORT ATLANTIS 7 A7132 J3 A/SIDE 06/02 063( AGIA EIRINI V001 J24 06/02 0500 06/02 230( ATRIA JB0201 J2 06/02 1000 06/02 130< BAYSWATER228 E3028 J3 06/02 1700 06/02 235< BTCHUPCHUP ***** J1 06/02 0800 06/02 230( BT FA ***** J1
        633 words
      • 1737 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES I Vessel Out In Bth Berthing l>n- Berth Name Voy Voy seq berthing Nmbr ACX MARGUERI 014S 014S 1 *****003 1SOO 1002/2003-0300 ACX VIOLET 052N 052* 1_ *****003 1500 0902/*****300 _j AKINAOA BR 05W 05W 1 0802/2003 23:15 0902/2003 21:00 j AL MUTANABBI
        1,737 words
      • 134 25 Feb 6 New Zealand: Waitangi Day Feb 11 Japan: Nat Foundation Day. Feb 12 Malaysia: Hari Raya Haji. Singapore: Hari Raya Haji. Indonesia: Hari Raya Haji. Brunei: Hari Raya Haji. Feb 13 Malaysia: Hari Raya Hzgi. Feb 22 Philippines: EDS A Revolutior Day. Mat 24 Brunei: National Day
        134 words
      • 758 25 THIS report, compiled by Cockett Ma rine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        758 words
      • 499 25 C*rtKMi 180 lUi 963.8 0.4 6.1 0.07 37 0.04 JM 30 OMSftr Water Residue AshAHnwrnm* Sediment No above E25 0 0 1 0 0 1 r— 380 Ave 983.9 02 03 0.05 22 0.02 380 Mu 994.4 2.0 *2 0.09 53 0.07 1W1 »«/li mi too*
        499 words
    • AIR & LAND transport
      • 432 26 Bat Gulf war may np losses by hiking oU prices, cntting travel, says report Bloomberg [SYDNEY] AMR Corp's American Airlines, All Nippon Airways (ANA) and other members of the International Air Transport Association may have a combined loss of as much
        Bloomberg  -  432 words
      • 208 26 Bloomberg [NEW YORK] jetßlue Airways, a low-fare carrier and one of the few profitable US airlines, is adding five daily flights to California from New York and Washington, DC. Flights between Long Beach, California, and New York's John F Kennedy International
        Bloomberg  -  208 words
      • 414 26 Expansion continues despite economic downturn, security threats Reuters [GENEVA] Investment in airport development around the world is rising steadily despite global economic problems and security threats, the international airports body ACI said. In its annual Airport Economics Survey, the grouping said the trend was underlined by
        Reuters; FILE PHOTO  -  414 words
      • 417 26 Bloomberg [DUBLIN] Ryanair Holdings posted a 50 per cent increase in fiscal third-quar-ter profit after expanding its network and almost doubling passenger numbers. Net income for the three months ended Dec 31 rose to 43.2 million euros (5581.3 million), or
        Bloomberg; AFP  -  417 words
      • 534 26 It plans to seek World Bank's help if Manila does not resolve dispute Reuters [FRANKFURT] German airport operator Fraport said on Tuesday it would seek World Bank arbitration in its dispute with the Philippines over a terminal in Manila unless the government offered a solution
        Reuters  -  534 words
      • 80 26 AP [NEW YORK] American Airlines pleaded with employees on Tuesday to accept steep cuts in wages, benefits and work rules that would save US$l.B billion annually, stressing that the company's livelihood was at stake. "Our financial results make it abundantly clear that American's
        AP  -  80 words
      • 191 26 AFP Q»nta» resumes aervioes to Denp&sar [SINGAPORE] Qantas has resumed services to Denpasar from Singapore as part of the airline's ongoing review of international capacity requirements. Regional general manager, South-east Asia, of Qantas and British Airways, Stephen Thompson said the schedule adjustments reflected changes in customer demand. Denpasar
        AFP  -  191 words
      • 2080 26 on M» P» W n» 1)***** 0700 $0326 1240 UlM IA7381 1840 8*7382 2750 0700 8*7305 2255 orci *4o w no ««n ono on 2255 7 LH9764 1545 IM9763 2350 ZZZ 1ZZ *m mm g LH £t g IU037 1535 US38 2330 ****** *50 1X779 2359
        2,080 words
  • Page 17 Advertisements
    • 30 17 Airlines could post losses of up to USslob BACKPAGE Airports see growing investment BACK RAGE npK Thinking about penetration, exposure, results? if it's about Singapore's maritime community, think Shipping Times
      30 words

  • Page 18 Advertisements
    • 533 18 I IMPORT 1 NORTH AMERICA GULF/INDIA SUB-CONTINENT [SUPER SHUTTLE EXPRESS (SSX) |QULF KARACHI EXPRESS (QKX) I vtssa VOY id sw" I rm w I ["^ST" OOCL NETHERLANDS 42W03 25/01 00/02 11/02 PtO NIDUOYD WISMNE Off M/ 01 31/11 02/02 00/02 WWW I I MWO4 30/01 H/02 10/01 PtO NEDUOYD PUSAN
      533 words
    • 654 18 lines services represented by fgfik Members oflheßegisfcy of Members of ihe f|SP Accredited AgenH, Str>gapore Shipping Associciion Assocohon g ULY UNE MALE f «SSa VOY ETA ETA ETA A P. KLAWG SfOtE MALI Empress Lily 0103 09/02 10/02 18/02 Princess Lily 0203 26/02 27/02 07/03 Empress Lily 0203 14/02 15/03
      654 words

  • Page 19 Advertisements
    • 1042 19 TO USA (SAX SERVICE) VESSEL VOY SIM ETA LAX OAK DAI HOU 041 COl MEM ATI NYC Aft ENGLAND 116E 12/02 27/02 03/03 04/03 04/03 04/03 04/03 04/03 07/03 07/03 ATI CANADA IUE 19/02 06/03 10/03 11/03 11/03 04/03 04/03 04/03 07/03 07/03 AM. SCOTLAND 11SE 26/02 13/03 17/03 It/03
      1,042 words
    • 1653 19 M DIRECTCAUTO COLOMBO 4 DAYS SHUrptf: M tOOMSOH I* 112-00SAUS/I4GSIB: *****057/43NUL *****121/241 ITD assaa. ssse tsss bhmimms- n m*s T/SVKP *****125 *****114/44 I JOHOt'S OFKL (OMVDmOMAI *****150 422*2204 I cosiu teams w saw imp ra: ******144 hulq7-isiqi7o fiiw |s» «g yu qw im mi uu no u m vsl/vot m
      1,653 words
    • 676 19 vtssa voy sin skg jt I HUMSAIHUM j Mo4l I 7/1' I Yin I iy? |W? I 1 Tin IMlffll 2!fi 17r" 11/? ~TVT~ AMAM»HUM Mil 14/2 19/7 W/2 ?S/2 11/7 UUIHUM W4S IV? W/7 \M |g*w»»hum \mn l?i/? I?>/? |?7/? 1 4/3 |w 1 1/3 uuihum ms m m
      676 words

  • Page 20 Advertisements
    • 801 20 HYUNDAI MERCHANT MARINE CO., LTD. Hwepoy: wwwJ-21.c0m Ck NO. H*****0000H |vesa vot PS" sou i» rim ant nam av"! |vESSti vot sou leu rtm ant ham mtv |TT" MOl ADVANTAGE 013W 74/01 14/01 15/07 10/01 11/02 APTAGATE HOC JO/11 01/01 03/01 11/01 HT FREEDOM 31IW 17/01 11/01 11/01 14/01 16/01
      801 words
    • 1365 20 "I WAN HAI NIBtNATIONAL PTE LTD a NO: 14m******/itl Vrrrl ....ft. TH:62MIStt (MUMS) FAL62ftll«3 yNXWAN HAI LINES V- »«.|B7)HI»ra«JL#TOIW?ISUIIB.mi|rfS47SMKUI!Jm7M/J»im l.t BKmsiMiaiuißi.mu.n.femauTuai umm IK UP Ml «»> MS IW W. WW MO BB IBSTSTT 1 «?1 0' OIID I KW TV ~~IW THB HI! TOT HIT N"»l H« ll« IMB IVB
      1,365 words
    • 621 20 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTER* CO POINTS rasa vor mi nunc counmo ilswya coto—o »ts MB Ufa Ufa hfb hb HOWiutWHpg liw Ufa i?fb Ufa it fa hh iishasm soil* 17m nw ofb »b mnm TWWWH MAM MFB Mfa BUM KIWI MMM IQWFBWWA |Ymtls|«3
      621 words

  • Page 21 Advertisements
    • 1184 21 ivissa VOY KHH MKO SIN PtCL I DX* »A» DMM MK IRAN TEHRAN KL 297 04/02 05/02 00/02 09/02 16/02 17/02 26/02 2t/02 M.V. UNDAVIA PCI 298 12/02 13/02 16/02 17/02 24/02 25/02 06/03 00/03 IRAN KERMAN PCL 299 19/02 20/02 23/02 24/02 03/03 27/01 12/03 14/03 IRAN ISFAHAN PCL
      1,184 words
    • 490 21 UK CONTINENT SERVICE Loacfcngtor ORIGINATOR RDM/ATW/BMN/UK/NAN Loads Sngapore. E7W Indonesia MIDDLE-EAST SERVICE" Loading for MAORE DBl/ABU/DOH/BRN/DMM/KWT MARITIME FAITH ADN/HDO/JDH VOYAGER V DBl/ABU/DOH/BRN/DMM/KWT "Loads Sngapore. EVW Malaysia. Indonesia USA SERVICE Loadng tor NAUTIC CONFIDENCE GAM/NFK/SAV/NCM. 'Loads E-/W Malaysia Indonesia F.E./S.E.A. SERVICES S pore Loadng tor MARITIME VICTORY INC/BSN toads E Malaysia.
      490 words
    • 800 21 JESB ffl! as m msa vot m S mm nz» »zii »/*i amy mi »/o oi/w r*tu*» o|7M| JO/01 31/01 mmm tin nm~ «s/B fX OAMOA ***** 01/01 01/01 -EKJAU mi 1/« 5S >XMI*» MZSS OJ/52 03/07 rAcoomn 0107 w/w 13/r -bum®* siM am M/W »4(U*o* M'7N 05/07 04/07 fACIAKOA
      800 words

  • Page 22 Advertisements
    • 211 22 I ONE Vil V»y Nw Idpi Owmm Ywy Kwot Twt Nhpj Kuril !»■(■>■ Colifomio Senotof 951E 11/02 20/02 26/02 27/02 Colifomio Senator 951E 11/02 26/02 08/03 10/03 11/03 London Senqlor 954E" 18/02 ~2670T 08/03 Tq7o3 11/03 London Senator 954E" 18/02 12/03 23/03 25/03 27/03 London Senotof lW ~5675T W W
      211 words
    • 241 22 CWT GLOBEUNK PTE LTD 1 9 own offices in TEL:*****833 (36 LINES) FAX:*****742 t (1 SYDNEY MELBOURNE PENANG PORT KELANG PASIR GUDANG KUCHING BANGKOK KARACHI BOMBAY I M NEW DfLHI COLOMBOHO CHI MINH CITY HAIPHONG HANOI BRE ME N HAMBURG TIANJINQINGDAO SHANGHAI XIAMEN fUZHOU DALIAN XIAN BEIJING SHI JIA ZHUANG
      241 words
    • 270 22 1 BSAj yvvmymmmv wy MYANMA BH FIVE STAR UNE mymmm NotiosaJ Um) loodng for Y«fM wssei VOT Si m PGU am smwe haw S4w su> PAGAN V3O6W SU) IN MAIATSIA: IOUSTIAD SHIPPING AGENCIES KUt 03 142 7300 PKL 03-31 7*4101 PEN: 04-2****** BANK LINE (A tervkt ol Aadrtw W«ir Shippmf)
      270 words



  • Page 25 Miscellaneous
    • 143 25 ip^^pc' m 1 i. ttJ -r K 1. K J^J f^e ''wmyf 7 /ft VPHV LEGEND: Issued by Meteorological Services Division, NEA K Thunderstorm A Showers T on Rain Temperature o v wind direction and speed in knots m Weather Cloudy Day Hazy Sea Conditions Wind speed symbols r Slight,
      143 words