The Business Times, 1 April 2003

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 26
1 26 The Business Times
  • 15 1 MITA (P) 024/03/2003 85* THE BUSINESS TIMES SINGAPORE TUESDAY, APRIL 1, 2003 Internet: http://business-times.asial com.sg
    15 words
  • 891 1  -  STI suffers biggest loss in more than 18 months; Nikkei down 3.7% By Ven Sreenivasan [SINGAPORE] Markets across Asia slumped almost 4 per cent yesterday as investors scurried for cover amid the spectre of protracted war in Iraq and the potentially damaging economic
    891 words
  • 656 1 Operations split into 4 regions each headed by a CEO [SINGAPORE] PSA Corporation has named its highflyer Eddie Teh to the new post of group chief executive, effectively taking over from 31-year veteran and former group president Ng Chee Keong, who will
    656 words
  • 69 1 Sfl U*7M2 (-50.61) ST INDEX FUTURES (-69.00) nsamsci futures 1411SS.S (-8.00) Monday Change KLSECOMP 635.72 +0.76 NIKKEI 225 7,***** -307.45 HANG SENG 8,634.45 -228.91 SET INDEX 364.55 -4.98 JAKARTA COMP .398.00 -6.43 MANILA COMP .1,039.67 +1.44 TAIPEI WP1 4.321.22 -155.79 SEOUL COMP 535.70 -2063 SHENZHEN E 203.07 +3.00 AUSTALLORD
    69 words
  • 70 1 FOREX RATES US$ M L'SS (SS per I'SS) 1.764 £(USS/SS per 1.577 1781 El*RO(l'SS/SS/E). 1.087 1.918 YEN 119.0 67.50 RM 1800 1154 HKS 7.799 4.421 BAHT 4187 24.30 RITIAH 8505 5.048 RENMINBI 8199 4.705 INDIAN RUPEE 4751 26.93 PRIME RATES SINGAPORE* 5.25 KUALA LUMPUR 6.40 HONG KONG 5.000 JAKARTA
    70 words
  • 756 1  -  BT exclusive Bat at least two others have growing practices By Catherine Ong [SINGAPORE] Two US law firms Simpson Thacher Bartlett, and Orrick, Herrington Sutcliff have closed down in Singapore. But bucking the trend, at least two others are expanding their
    756 words
  • Page 1 Advertisements

  • NEXT page
    • 603 2  -  Move will make it a compelling buy, with 8% yield based on $lb valuation By Angela Tan [SINGAPORE] In these uncertain times, Singapore Post, the 100 per cent owned postal unit of Singapore Telecommunications Ltd, is positioning itself as a compelling
      603 words
    • 270 2  -  By Chuang Peck Ming [SINGAPORE! Cedric Foo, the Minister of State for Defence, is the new man spearheading Singapore's drive for higher productivity. He took over from Lim Boon Heng yesterday as chairman of Spring, the agency leading the national productivity movement,
      270 words
    • 589 2  -  By Wong Wei Kong [SINGAPORE] Less than two weeks after announcing a major deal with US studio Paramount, Lee Cheok Yew has been told to leave SPH Media Works. the broadcasting arm of Singapore Press Holdings. In a statement yesterday, SPH said Mr Lee "has
      589 words
    • 569 2  -  SABSOUTBREAK Contact tracing being carried ont: Health Ministry By Vince Chong [SINGAPORE] There was no let-up of bad news yesterday surrounding the severe acute respiratory syndrome (Sars), with the killer flu claiming its fourth victim. Reported at the National University Hospital, the latest death
      569 words
    • ON THE grapevine
      • 117 2 IS there no stopping Shanghai's resurgence? While every other major city in East Asia has succumbed to Severe Acute Respiratory Syndrome (Sars). it seems the commercial hub of China is not afflicted by it yet. Mobile phone subscribers there recently received an SMS from their telco, declaring
        117 words
      • 85 2 LOOKS like Sars is taking a toll on Hong Kong's policymakers. Dr Yeoh Eng Kiong. the health chief who is in the front line in the battle against Sars. may have been thinking of a well-deserved holiday in Europe when he made a slip. He pronounced
        85 words
  • Page 2 Advertisements

  • SARS outbreak
    • 484 3  -  Risks such as an epidemic usually absorbed by companies By Siow Li Sen MOST companies will not be able to claim for losses if their business is affected by the killer flu Sars unless their insurance policy has an extension to
      484 words
    • 451 3 Reuters AP Bloomberg AFP [HONG KONG] A growing number of companies in Hong Kong, including banking giant HSBC, are moving some of their staff to other locations in the city or advising them to work from home as the deadly Sars virus spreads and
      Reuters; AP; Bloomberg; AFP  -  451 words
  • Page 3 Advertisements
    • 83 3 "j Distinguish YourselfTli^^Hll^^^^fl^^flH^l Set Your Own Standards. Why follow when you can lead? Do not succumb to image trends. Be unique and strive for individuality instead. Boss Design acknowledges the significance of strong corporate images. Our renovation designs are meticulously thought out to promote a powerful business identity. A strong
      83 words

  • SINGAPORE markets
    • Article, Illustration
      302 4 OTHER SINGAPORE INDICES Mar 31 VALUE CLOSE 165.00 58.00 ITOHM -*****.00 -171.00 -*****.00 +16.00 340.86 -11.25 IQrpJInDiil 115.28 -3.79 «QB<nMwW» 1065.68 48.36 SGEj«M-rr«» 300.75 -12.42 ■Wttppin 156.01 -6.17 ttichi ¥ifc— Chart SemiCond 26c 17,498,000 NOL 12,517,000 Ocean Sky 5c 11,107,000 Datacraft 10c 10,438,000 Accord Customer 2.5c 10,065,000 SIA50C 8,357,000 SingTel
      302 words
    • 270 4  -  BOT STOCK/ WMMMT By Ven Sreenivasan OSIM has just accelerated its move into the health supplements segment by purchasing a 29.9 per cent stake in General Nutrition Centre (GNC) franchise owner, Global Active, for $9.6 million. This comes on
      270 words
    • 654 4  -  BT comment STOCKS ven sreenivasan IF the spectre of an extended US-led war against Iraq wasn't enough to spook the market, jitters over the potentially catastrophic economic impact of the Severe Acute Respiratory Syndrome (Sars) certainly seem to have done the job. Worries
      654 words
    • 561 4  -  BT comment CURRENCIES A$ and euro emerge clearest winners; yen surprises with gains larry wee THE US dollar took it anew on the chin yesterday, tumbling to two-week lows after weekend news that seemed to dash hopes for a swift and convincing
      Source: Moneyline Telerate  -  561 words
  • 2842 4 UNIT TRUSTS FUNDS Com Global lifestyle Index Fd 0821/ ■SMIILUQUilHHHI Com Global Health Inde* Fd 0 7X2/ Com Global Telecom Index Fd 03» r^r mn r? PTWM Com Global mfotec Index Fd!** 0.271/ l"lS5 Com Global Enern Index fd 0802/ nra Com Global Traiwlndex Fd 161/ 8flg 1.095/ Star Am
    2,842 words

  • WAR IN IRAQ
    • WARBriefs
      • 225 5 AP AFP INK w yukkj More tnan nan 01 Americans Deneve the US government was too optimistic in its assessments of the probable course of the war in Iraq and one in three would not support the war if more than 500 US troops
        AP; AFP  -  225 words
      • 113 5 AFP [LONDON] Commuters emerging from a London subway station stiffen with fear as they glimpse a man on the street, his face enveloped in a full gas mask. A terrorist attack? No, just the latest sales tactic of a firm promoting protective equipment to
        AFP  -  113 words
      • 86 5 AFP [SYDNEY] The United States and its allies have probably already lost the political war over Iraq, one of Australia's most respected defence experts said yesterday. Professor Des Ball, of Canberra's Australian National University (ANU), said instead of putting an end to terrorism, coalition
        AFP  -  86 words
      • 86 5 AP [NEW YORK] Journalist Peter Arnett, covering the war from Baghdad, told state-run Iraqi TV in an interview that the US-led coalition's first war plan had foiled because of Iraq's resistance and said strategists are "trying to write another war plan". Mr Arnett garnered
        AP  -  86 words
      • 93 5 Reuters AFP [BASRA, Iraq] British troops have found a stash of Iraqi equipment designed to protect soldiers from chemical attack, including protective suits, training materials and nerve gas antidote. Sunday's discovery at an ordinance facility south of Basra did not appear to include any actual
        Reuters; AFP  -  93 words
      • 110 5 AP [CAIRO] Egypt's president said he could not stop US-led warships from crossing the Suez Canal towards Iraq, and warned a drawn-out war would lead to increased Islamic militancy throughout the world. "If there is one (Osama) bin Laden now, there will be
        AP  -  110 words
    • 747 5 Heavy explosions rock Baghdad, suspected terrorist camp captured LAT-WP Reuters AP AFP [DOHA] Amidst sharp overnight warnings to Syria and Iran to stop supporting terrorists, US forces yesterday ramped up the pressure on President Saddam Hussein. They blasted Baghdad with powerful air strikes and
      LAT-WP; Reuters; AP; AFP  -  747 words
    • 197 5 NYT AFP [WASHINGTON] Nearly two weeks into the war with Iraq, US officials say they are still uncertain whether Iraqi leader Saddam Hussein is alive or dead, and they say they have not yet been able to definitively identify who in Baghdad is
      NYT; AFP  -  197 words
    • 680 5 Arab dealmakers are unwilling to invest their fortunes on Iraq's future NYT [CANNES, France] ADNAN Khashoggi, the billionaire wheelerdealer from Saudi Arabia, was en route from Cannes to Monte Carlo in his chauffeur-driven Mercedes last Thursday when he got a call on his cell phone from
      NYT  -  680 words
  • Page 5 Advertisements

  • SINGAPORE companies
    • 352 6  -  Move follows SembLog nnit K&N taking charge for amortising goodwill By David Boey DIVERSIFIED engineering group SembCorp Industries said yesterday that it would revise its FY 02 net profits down by $22.5 million to $178 million as a result of a charge taken
      352 words
    • 364 6  -  By Vince Chong FEARS over the Severe Acute Respiratory Syndrome (Sars) and the war in Iraq are expected to dent the profit growth of companies that will be unveiling results for the financial year ended March 2003. As
      364 words
    • 146 6 Bloomberg DAIRY Farm International Holdings Ltd, which runs more than 2,000 retail outlets across Asia, said it will pay US$l74 million to buy back about 10.3 per cent of its shares, or 158 million shares. The Jardine Matheson Holdings Ltd unit said last month
      Bloomberg  -  146 words
    • 721 6  -  HOCK lock siew quak hiang whai WATCHING the substantial shareholders' transactions at some of Wee Cho Yaw's stable of companies in recent weeks, investors would probably do well to psych themselves up for a massive asset reshuffling exercise. Towards the end
      721 words
    • 713 7  -  Stake in office and retail complex valued at $538 m last year had $35m in income By Kalpana Rashiwala METRO Holdings is considering doing an asset securitisation for its 27 per cent stake in the Ngee Ann City office and retail
      FILE PHOTO  -  713 words
    • 355 7 MAINBOARD-listed information technology developer Stratech Systems, which recently saw its multi-million real-time bus travel information contract canned by the Land Transport Authority, yesterday reported a bigger loss of $42.6 million for last year, up from a $12.8 million deficit previously. Stratech, which reported a
      355 words
    • 337 7 Sin wa earnings soar 90-5% to $4m on turnover of $42m WHILE many companies struggled to deliver, two recently-listed Singapore marinebased companies have released credible results. ASL Marine Holdings, an integrated company with facilities in Singapore and Batam, reported a net profit of
      337 words
    • 238 7 NUMBER MDKA1M GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST OF DAYS Of MIOOLE PRICES REDEMPTION RATE m PAYMENT ACCRUE) (EXCLUDING YSLD ISWCOOE PA) DATES MTBCST ACCRUED INTEREST) (%PA) 01.04.2003 N*****0S 2001 21/4 2600.00 1/4 1/10 161 99.99 5.83 SG********** 15.05.2003 Loan 1
      238 words
    • 345 7 Reuters [LONDON] Singapore's BIL International sought to tighten the screws on bid target Thistle Hotels Pic yesterday by attempting to appeal to Thistle's shareholders to remove chief executive lan Burke and his team. BIL is already Thistle's biggest shareholder with a 45.8
      Reuters  -  345 words
    • 171 7 UNITED Overseas Bank has launched a "grow your fixed deposit" scheme. UOB Fixed Deposit Plus, a five-year structured deposit, guarantees the principal amount at maturity and pays a higher interest rate for the first two years. UOB said depositors will have the opportunity
      171 words
    • 305 7 by market capitalisation {j. 5 H J. S) A j _L_JL_SinflTeL II W.I 3./ 1.340 3.1 1&7 2 2 UOB llirj .1.0 10,300 ,i.p 15.2 ~T 3 DBS Grp 1SI1M 9200 135" 4 5 OCBC 7.4 9.450 7,4 ""182* I 4 StA 1066M -7.4 8.750~ -7.4 16.9
      by market capitalisation  -  305 words
    • 258 7 Margins improve as subsidiaries become folly operational, productivity rises APPAREL maker Ocean Sky International posted a 48 per cent jump in net profit to $14.1 million in its maiden results since listing. Turnover rose 27 per cent to $228.5 million last year, while net profit
      258 words
    • COMPANYBriefs
      • 79 7 RETAILER C K Tang Limited yesterday completed the disposal of its Kuala Lumpur property to YTL Land Sdn Bhd. As announced on Jan 21, the Singapore Exchange Securities has granted a waiver for the requirement to seek shareholders' approval with regards to
        79 words
      • 58 7 REED Group Holdings, which provides a range of commercial services like staff leave tracking, has appointed Umar Abdul Hamid (right) as chairman and chief executive officer with effect from yesterday. This follows the resignation of Presley Orelle Reed as chairman. Dr Reed remains a director of
        58 words
      • 102 7 KEPPEL Telecommunications Transportation Ltd has set up a Joint venture in Indonesia and divested a unit in Sri Lanka. Keppel Communications Pte Ltd, a wholly-owned subsidiary of the company, set up a joint venture company in Jakarta with local partner, Denny Franc iscus Haliem, under
        102 words
      • 98 7 GAN See Khem's Health Management International Ltd, a Singapore-based healthcare services and education provider with business activities in Singapore, Malaysia and Indonesia, yesterday reported a loss of $792,000 for the six months to Dec 31, up from a $689,000 loss in the previous
        98 words
      • 78 7 MAINBOARD-LISTED component maker and distributor Flextech Holdings yesterday announced a lower loss for its frill-year results. For the year ended December 2002, net losses narrowed to $22.17 million from $27.87 million for the previous year. Turnover fell 12 per cent to $443.27 million from $501.67
        78 words
  • Page 6 Advertisements
    • 1470 6 1 EVibroPower VIBROPOWER CORPORATION LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2003 Annual General Meeting of the shareholders of the Company will be held on Thursday, 17 April 2003 at 11 Tuas Avenue 16 Singapore *****9 at 10.00 a.m. to transact the
      1,470 words
    • 321 6 IN THE HIGH COURT Of THE REPUHJC OF SINGAPORE Originating Summons No 321 of 2003/J In the Mow of TAMtCH ADVANCED ELECTRONICS (S| PTE LTD |*C No *****86W) Applicants And In ihe Mailer of Sections 73 of the Companies Act. Chapter SO NOTICE IS HEREBY GIVEN that on Originating Summons
      321 words


  • SINGAPORE news
    • 315 8  -  IDA drops local incorporation rnle for some services By Tang Weng Fai THE Infocomms Development Authority (IDA) yesterday announced new measures to stimulate competition in the local telecoms market by opening up more of the market to foreign-based companies. From today, the
      315 words
    • 225 8 A YEAR after cutting the strata title surveys from two to one, the Singapore Land Authority is doing the same for land surveys. From today, registered surveyors need to submit only one instead of two plans for the issue of Certificate of Title (CT).
      225 words
    • 167 8 BUILDING and Construction Authority chairman John Lim has been re-ap-pointed for another twoyear term, while City Developments general manager Chia Ngiang Hong has been named deputy chairman. Mr Chia, a BCA board member since 1999, replaces Evergreat Construction di- rector Tan Kian Hoon, who has
      167 words
    • 385 8  -  It's insufficient corporate governance and weak risk management: mar official Reports by Genevieve Cua INADEQUATE corporate governance and weak risk management are the fundamental causes of a lot of the insurance industry's woes at present, says John Palmer, deputy managing director (prudential supervision group) of
      385 words
    • 338 8  -  By Stephanie Yap ACTION Theatre's Proof proved its mettle last night, snagging the Play of the Year prize at the DBS Life! Theatre Awards last night. Proof beat other nominees Animal Farm, Fireface, Honk! and Machine in the third instalment of the awards which
      JOSE ENRIQUE SORIANO/ST  -  338 words
    • 181 8 GENERAL Insurance Association (GIA) president Law Song Keng says a report on the group's proposal for the creation of an insurance pool to provide commercial cover against terrorism has been completed. Such a pool will need government support and GIA aims to discuss
      181 words
    • 227 8  -  EYE on the economy By Vince Chong BANK lending fell for the fifth consecutive month in February, dipping 0.2 per cent from the same month in 2002, despite a rise in housing loans. According to data from the Monetary Authority of Singapore, banks
      Source: MAS  -  227 words
  • Page 8 Advertisements
    • 128 8 Wharton j r SINGAPORE The Whaton School Lx MANAGEMENT UNIVERSITY The Wharton-SMU Executive Programmes. One of the most important investments you'll ever make. Wharton-SMU In an era of exacting global competition for skills Executive Programmes an d innovations, the Singapore Management University Corporate Finance (SMU) is primed to deliver cutting
      128 words
    • 79 8 For Linux, Windows and Solaris 1 ENTERPRISE BACK END Jj( f LAN l o awd Jll i rec,p,emts 1 users Wireless 'J J j 2-Way Messaging k9 GSM/GPRS >o Modems *7 FIREWALL C 5 f f f INTERNET Web-Based Apps V Intranet SMS Monitor Systems Email <-> SMS mobilise Staff
      79 words
    • 269 8 nUIMtMIWRB I IN THE MATTER OF THE COMPANIES ACT, CHAPTER 59 GELAX PTE LTD Members' Vihrti y NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Motog of Mttta of GELAX PTE LTD duly convened and held al 4ISB Jalan Bcsar, Singapore *****6 on 28th March 2003.
      269 words

  • FOCUS property
    • 582 9  -  BT comment PROPERTY Crucial test Is alignment with shareholders'lnterests lee han shih CAPITALAND, which likes to bill itself as South-east Asia's biggest property player, made a miserly $8.7 million for shareholders in the years 2001 and 2002. It gave almost as much in cash and
      582 words
    • 548 9 Investment banks consider them a goldmine; property stocks seen as safe havens Reuters [MELBOURNE] Australian property companies are becoming a rare hot spot in the world of finance with fat banking fees, lots of mergers and happy shareholders. The companies are on an acquisition
      Reuters  -  548 words
  • Page 9 Advertisements
    • 1435 9 FOR SALE BY TENDER VR Prime Good ('.lass Bungalow at Tanglin Hill rj Freehold, comprising 2 plots W>/ txisling 2-storey bungalow with a swimming pool and a singlestorey outhouse Land approx. 30,118sqft (2 lots) Quiet and exclusive residential enclave Tender Closing: 15 April 2003 No. 17 TANGLIN HILL (Tuesday) at
      1,435 words
    • 643 9 g fflftii Jones Lang W LaSalle. Modern Warehouse Complex •JTC 30 yrsw.e.f 1/3/94 •Site Area: 139,9325qft II I I Built Up Area: 123,955 sq ft J toby Suitable for various business uses 0 Easy access to PIE and AYE i .jfiL FOR SALE BY TENDER ly^L^VKr.fl Closing Date: 30 April
      643 words

  • EDITORIAL & opinion
    • 709 10  -  OPINION ■IHuSlulßEl shada islam WITH world attention focused firmly on the US-led war on Iraq, European Union policymakers expected little global interest in the launch of the bloc's first-ever military operation in Macedonia yesterday. Governments in Asia should take some time off from watching
      709 words
    • 91 10 The very existence of the Guantanamo situation makes it a little bit harder to have the high ground in seeking protection for our prisoners.' -SteralttMr an international law expert at the University of Texas, on the treatment of US prisoners of war. 'If he doesn't put pressure
      91 words
    • 674 10 EDITORIAL NIGERIA'S new round of ethnic violence is the latest in a string of upsets that Washington has faced in conducting its war against Iraq. Strategic setbacks in the United Nations and Turkey apart, the oil front a key plank of the war looks
      674 words
    • 1320 10  -  Death and taxes are two certainties in life. And during one's life, it pays to know what one's liable for and stay on the right side of the taTman By Sandareswara Sharma ON Feb 28, the government announced the 2003 Budget, including much-awaited
      FILE PHOTO  -  1,320 words
    • 216 10  -  MAiLirm Benjamin Toh Vice-President Head, Trading Management Singapore Exchange WE refer to Benjamin Chong Siong Ann's letter "All-or-nothing share trading option missing" (BT, March 25). The "all-or-none" function is currently available in the Odd Lot Market. While this trading feature ensures the
      216 words
    • 284 10  -  Leong Sze Hian I REFER to media reports that unit trust fees can be higher than you think. I understand that every $13 of unit trusts purchased may mean $1 in sales fees. The top 10 effective sales charges range from 6.1 to 7.7 per
      284 words
  • Page 10 Advertisements
    • 93 10 Fax your letter* to 6319-*****r emaMtham to tiWiWwtnifi i 11 egorwrttekx The Business Times, SPHHQ, 1000 Toe Payoh North, Pot Mum Level 3, Singapore3lB994. We need your Ml name, addraas and telephone number for verification. Ptoeee um tempmwta language, and bear In mind Kbel laws. We reeerve the right toed*
      93 words

  • REGIONAL news
    • NOTEBook
      • 77 11 Reuters [HONG KONG] Hong Kong conglomerate Wharf (Holdings) Ltd said yesterday that its 2002 net profit fell 9 per cent on the year, below analyst expectations, due to provisions against investment and properties. It posted net profit of HK$2.3 billion (Sss2o million) for the
        Reuters  -  77 words
      • 82 11 Reuters [BANGKOK] Thailand said yesterday it would repay by the end of July the remaining US$2 billion of a bailout package arranged by the International Monetary Fund at the onset of the 1997/98 Asian economic crisis. Bank of Thailand chief economist Atchana Waiquamdee
        Reuters  -  82 words
      • 92 11 Bloomberg [NEW DELHI] India will decide on calling off the sale of shares in its two state airlines at the next meeting of the cabinet committee on asset sales, paving the way for the purchase of planes worth as much as US$6.6 billion. Delays
        Bloomberg  -  92 words
      • 81 11 Reuters [BEIJING] China's economy will grow more than 8 per cent during the first quarter 0f2003 over a year earlier, helped by soaring investment and exports, the official China Securities Journal said yesterday. China's fixed asset investment had increased 32.8 per cent in the first
        Reuters  -  81 words
      • 68 11 Bloomberg [MANILA] Bayan Telecommunications, the Philippines' third-largest fixed-line phone company, said several US-based and Asian investors have approached it about buying a stake in the company. Talks will move faster once the company, a unit of the Lopez family's Benpres Holdings Corp, clinches em
        Bloomberg  -  68 words
      • 72 11 Reuters [JAKARTA] Indonesia's top telecommunications firms reported their 2002 results yesterday with domestic giant PT Telkom's net profit almost doubling, outshining overseas call operator Indosat whose bottom line shrank below expectations. State-run Telkom posted 8.35 trillion rupiah (Ssl.6 trillion) net profit last year, against 4.25
        Reuters  -  72 words
    • 555 11 KUALA LUMPUR Only sticking point is Deutsche Telekom's premium price for its stake Reuters TELEKOM Malaysia Bhd shareholders yesterday approved a US$l billion buyout of Celcom to create the country's largest cellular operator, leaving Deutsche Telekom's demands for a premium price for its stake
      Reuters; REUTERS  -  555 words
    • 306 11  -  From Diana Oon Abdullah in Kuala Lumpur MALAYSIA'S securities watchdog has revised guidelines for seven fund-raising activities in the capital market as the final step in its move towards disclosurebased regulation. The Securities Commission (SC) said yesterday that revised rules on initial public offers,
      306 words
    • 240 11 KUALA LUMPUR Bloomberg MALAYSIA International Shipping Corp's ratings outlook was changed to negative by Moody's Investors Service, while its foreign currency and local currency issuer ratings were maintained at Baa 2. The move came after the rating agency put MISC on review for possible
      Bloomberg  -  240 words
  • Article, Illustration
    1083 11 Transaction date: Mar 31 Source: OCBC Rates quoted by ABS DTTHEBAMKCatOSS KATES q W to Mil m* 1m Ww M «2$ Nh Ml 5$ Mr W> 9m N— 85$ IMr* 0405 VOW 0.555 4.TOT ***** ***** 0.7M 7JT1 2293 LOW U9B ***** 1065 4.709 04«9 ***** ***** 0203 0404
    Source: OCBC; Rates quoted by ABS  -  1,083 words
  • Page 11 Advertisements
    • 229 11 sleep in the heart -Lof Orchard Road... vT and travel with ease tplpHO o,l from just *****.00 W"** Privileges include A Special Breakfast Rate at 5512.00 per person Free usage of in-room computer (special rate for Internet access) Free entry to Singapore's latest night spot Induz3 Disco Our intelligent IceyCarti
      229 words

  • REGIONAL news
    • 469 12  -  March tourist arrivals down 10% but officials hope for quick rebound From Harish Mehta in Bangkok THAILAND'S tourism sector, which is a mainstay of its economy, has seen tourist arrivals decline 10 per cent in March since the outbreak of the deadly
      AP  -  469 words
    • 325 12 KUALA LUMPUR Bloomberg MALAYSIA'S current account surplus widened in the fourth quarter of 2002 as imports fell faster than exports because companies scaled back machinery and raw material purchases, anticipating flagging export orders. The surplus on the current account, the broadest
      Bloomberg  -  325 words
    • 306 12 TAIPEI Taiwan firm will lose half its Nvidia business in 3 years Bloomberg TAIWAN Semiconductor Manufacturing Co, the world's biggest supplier of made-to-order chips, may lose half its business from Nvidia Corp within three years as the designer of computer-graphics chips places
      Bloomberg  -  306 words
    • 267 12 MANILA Oana-Xinhua THE Philippine government has been urged by the International Monetary Fund (IMF) to set up a "buffer fund" for billions of pesos worth of government-guar-anteed debts. The IMF wanted the government to provide a "cover" in case
      Oana-Xinhua  -  267 words
  • 1423 12 SICOM FUTURES Mar 31 MJBK1 Ftfwai prim) RSS1(SctotiAq} CtoM Votanw OpM Mowtli M|fe Low Satt (tows) tutamt X03 184.00 03 184.00 Jua 03 181.25 J«i/Sap 03 180.00 tSS30*Sc*rts/kq) VotatM OpM tn-L »,n /a i wOWTn npQn LOW (lOlVivS) IflUrlM Apr 03 104.00 104.00 103.25 WO 350 May 03 103.25
    1,423 words

  • REGION world
    • 400 13 SEOUL Another USs4oom of debt revealed; group braces for fraud trial of execs Reuters A TOP official at South Korea's SK Global Co quit yesterday over an accounting scandal as the company disclosed another US$4OO million of debt and braced for the start
      Reuters  -  400 words
    • 531 13 FTC taking iati his personal businesses in wider probe of kis dealing* with company NYT [NEW YORK] Health South Corp. under investigation for alleged accounting fraud, said yesterday it has fired Richard Scrushy, the company's chief executive and chairman, retroactive to March 19, when
      NYT; AP FILE PHOTO  -  531 words
    • 621 13 Analysts think the banking system is insolvent and that change will come only with a financial crisis NEWSH.MHUU Reuters CHINESE businessman Yang Guo waves a large wad of cash in the crisp evening air outside a state bank in the northern city of Jinan.
      Reuters  -  621 words
  • 4461 13 Transaction date: Mar 31 HONG KONG m HKRMI. 1*3 «i» MKS *4- -000 Hong Kong Electrk .31.10 -0.10 3485 Hongkong Chinese .0.61 unch 1996 Alpha General 021 unch 0 Hongkong Chinese Ltd 0.61 unch 1996 AnandaWingOn 0*1 unch 1620 Hopewetl Holdings 670 unch 2151 Angara New Steel H
    4,461 words

  • WORLD news
    • 509 14  -  SINGAPORE Analysts say Iraq war and Sars may impact sales of PCs, phones, PDAs and other gadgets By Raju Chellam FEARS of a prolonged war in Iraq and the rising tide of Severe Acute Respiratory Syndrome (Sars) could take a toll on semiconductor
      509 words
    • 206 14 PARIS Bloomberg VTVENDI Universal may have to pay Barry Diller, who left as head of the French company's US entertainment unit a week ago, at least US$275 million for his stake in Europe's largest media company. Vivendi disclosed this in a document
      Bloomberg  -  206 words
    • 397 14 PARIS Loss of competitiveness will worsen already weak euro-zone growth Bloomberg Reuters A SHARP appreciation of the euro against the dollar could hurt al-ready-sputtering economic growth in the 12 nations sharing the European currency, the Organization for Economic Cooperation and Development (OECD) says.
      Bloomberg; Reuters  -  397 words
    • 293 14 TOKYO AFP Bloomberg CONSUMER electronics giant Sony will overhaul its global structure to create hubs in Asia, Europe and the Americas to integrate its electronics, entertainment and games businesses. Sony Corp is introducing regional representatives who will integrate the company's operations in each
      AFP; Bloomberg; REUTERS FILE PHOTO  -  293 words
    • WORLDWatch
      • 87 14 Reuters [TOKYO] Japan's Mitsui Chemicals Inc and Sumitomo Chemical Co said yesterday they had decided to call off a merger that would have created the world's fifth-largest chemicals firm. The merger in April 2004 had been seen as a way for the two companies to
        Reuters  -  87 words
      • 67 14 Reuters [LONDON] The London Stock Exchange Called to attract a single new trading entrant to its market during the first three months 0f2003— its quietest quarter for more than 20 years, a survey said yesterday. The KPMG study showed that activity on Britain's IPO market
        Reuters  -  67 words
      • 70 14 Reuters [NEW YORK] World Com Inc, file bankrupt US telecoms firm, made its financial situation look better in 2001 by moving significant chunks of its own expenses to its MCI unit, The Wall Street Journal reported yesterday. The newspaper said despite complaints by MCTs top
        Reuters  -  70 words
      • 51 14 Bloomberg [LONDON] John Studzinski, deputy chairman of Morgan Stanley International, is resigning after 23 years at the firm. Mr Studzinski, 47, will leave next month and continue to serve as a senior adviser. He ran European investment banking before becoming vice-chairman in September 2000.
        Bloomberg  -  51 words
      • 69 14 Bloomberg [TOKYO] Goldman Sachs Group Inc foiled in its bid to change the terms of STT Kaihatsu's bankruptcy, Japan's biggest in 2002, paving the way for Lone Star Funds to acquire 11 golf courses, an STT Kaihatsu official said. The Tokyo District Court on Friday
        Bloomberg  -  69 words
    • 437 15 NEW YORK Magazine says firm might keep position permanently AP WAL-MART Stores Inc solidified its position atop the Fortune 500 list as America's need for affordable household goods boosted the retailer's revenue last year. Wal-Mart held the top spot for a second
      AP  -  437 words
  • 2287 14 Transaction date: Mar 31 KUALA LUMPUR ST*""" f" Vo j FS8M 1.S6 unch 0 RM W- COM FW Industries A16 undi 0 Gadano AM unch 0 AIM Realty 0.70 inch 3 0 Abnc 068 -0.05 17 GanadCorp A76 undi 6 ACP Industries _.jj3 0.01 112 -°S 200 Advance Synergy
    2,287 words
  • 772 14 Transaction date: Mar 31 »■€> m a— a«y ■> o— Oft CAC 051 3.7(0 -0160 NrtSMl 50c 041 2J30 -0.S50 CapiHUnd 1.13 1.0*0 -0.0(0 03C 111 l«0 -OJOO 0«1 SamCond 2fc 0 59 0M0 -0430 OUC OS» 5.750 -0250 City D«v SOt 1.75 1540 -0220 Wwey M 25t 041
    772 words
  • 463 14 BONDS WARRANTS Last M Caa* Enr Gaar 'kEfta C tag +«r- (m »a6c Prtca tag Uft AST1W*****1 175 1 16 219 060 15 AmUdVMMim 45 1 SO Ml 122 20 AffltakWOSSIO 505 45 24 1 33 1*5 27 Armstrong W040S20 OS 1 10 75 12JO 14 BouneadVMM0a02 11 -03 39
    463 words

  • 5267 15 Transaction date: Mar 31 am Lai M on IMQmH Crtftr M* SrYW MM MCa* M0i t— riwpmi M« W- rim «0| U» Imi Sdb Cw W M ABNAmroNLG 56t 9 12 3.4 1318 19 9 ACE Dynan»cs20c 10.5 -0.5 10 10.5 10.5 10.5 18 0.7 8 1-2 17.5
    5,267 words
  • 67 15 SI** U« M Dqr 1WQH GfOw Ohf CftM MM WCm I— Mi w- mm m+ t— Idhr Cw m 13 ***** 19 Ditmondfc US8780cd 2000 B730 «60 2700 IS 0J US Tech US3740 555 555 IS MSO Spore USS5S II t80 1200 ISSAP500 US8270 ***** mo SPOHS US8280
    67 words
  • 1372 15 H* Laet M Day UatQMi GfOhr Mr CrtW Mat Kb l— fmn rm u» —y saoar cw p« J 22 75 uncti 12 9 9 85 95 J/, m.5 is apcwsc as its n 205 115 its 205 n is 66 is 515 10 A5 Auto 10c 12
    1,372 words
  • 312 15 B* UM M kf lion Mh H* Grtw M Kb I— fiiniin Sd» W- (WW t— «wr ><■ C* X U IIS r AVJenmngj A2Sc 4102 »2 737 HU 101 102 103 40 34 94 5.9 21« Catti* P* 20c HK720 -265 2.1 74 6 *****2 Cheuig KongSOc
    312 words
  • Page 15 Miscellaneous
    • 265 15 CRYPTIC CROSSWORD 4 Made progress during Lent! g 8 Not an area of growing im- iH portance in southern Africa! 9 Makes it last with snips? 11 Watch former pupil start game of tennis (7) __JlB__JBb_-JBL—JML_JBBBBHBMB__ 13 Position quickty and firmly W I I I I I I I established
      265 words

  • KNOWLEDGE economy
    • 2016 16  -  A high-tech, knowledge-based war is dehumanising and could well shoot its proponents in the foot, says Patrick Lambe Patrick Lambe A IS for Agility. For 15 years, the US military has been striving to apply technology and information applications to achieve what it calls agility. The
      AFP  -  2,016 words
  • Page 16 Advertisements
    • 200 16 Where to wine, dine and entertain... A Try our most popular I iß^HHlllHft^BSiSHSlfil^ll Windsor Seafood I\W3V I Not to be missed are Steamed Minced Meat Bun in 3 Superior Stock, Pan-fried Pancake with Long Bean Paste, fit" Crispy Potato Fritters, Bean Jdty with Peppery Sauce and more. Windsor Beef Good
      200 words
    • 54 16 Br Floyd Cardoz Tabla, New York Indian naalaurant PfmiBIIPWPPBBBWBB nm# out NY 2002 New York TlmM Four-ttw Ravtew ■bI muauiuiiiy M wnn iI§JiHE PVSH More than 10 varieties ®«si.so; MM -Oroh*Pd Starring Cnki 2nd Um< 41tM*H iWT PI Oriwrd toad (wwt» %ommn MKT). Tl> PUTTIE ♦>tfa .Hcna Kah Town Count*
      54 words
    • 58 16 1W55 xne Bistro's meatpromo^ Choose from roast pork belly, char siew, soya sauce chicken and braised duck. All dishes se'.eo ce and pickled vegetac es /ilv i* 1 Spring Court \CSK3/ The Oldest 'J nJJ Chinese ResUnmsnt in y Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to om
      58 words
    • 101 16 f~| MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, savoury honey-gjazed ham, US Prime Rib of Beef and many more mouth-watering dishes rZ~ to leave you spoilt for choice. Reservations: *****271/72 .MERITUS MANDARIN uui 333 Orchard Road, Singapore *****7. Tel: ♦65 6737 4411. Fax: +65 6732
      101 words

  • SHIPPING TIMES
    • 252 17 Reuters THE Baltic Dry Index rose 5 points to 1938, the Baltic Capesize Index fell 9 points to 2621, the Baltic Panamax Index rose 16 points to 1833 and the Baltic Handymax Index rose 58 points to *****. HUE-CHARTER: Bulk Ispat Leher (built 1992) *****2 dwt delivery Yantai
      Reuters  -  252 words
    • 267 17 MX 000 ■rJM CWT Distribution 0.56 unch V4 ChuanHup 0.38 -0.01 675 CHOffshora 0.18 -0.01 25 Cosco lnv*stm«nt ...0.20 -0.01 435 Freight Links a04 0.01 50 GB Holdings 067 -0.01 8 Jaya Holdings 0J0 -0.01 2777 Kapp*iCarp 4.20 -0.14 2740 K1 Venture 0.15 unch 502 KMPMTO* 0.78 -0.07
      267 words
    • 645 17  -  US advises people to postpone visits to region dne to Sars outbreak By Beth Jinks [SINGAPORE] The Singapore Cruise Centre (SCC) has initiated a "second line of defence" alert to screen arriving international passengers to prevent Singapore's spread of the sometimes deadly Severe
      FILE PHOTO  -  645 words
    • Article, Illustration
      362 17 COMPANIES UPS recently unveiled the first redesign of its corporate logo in more than 40 years. UPS said the change reflects the significant broadening of capabilities that has occurred in recent years as the company expanded across the globe and introduced a portfolio of new supply chain services.
      362 words
    • 156 17 [SINGAPORE] Malaysia International Shipping Corporation (MISC) has secured long term charter agreements for its five newbuild liquefied natural gas (LNG) carriers. The world's largest owner and operator of LNG carriers said one vessel would be chartered to Malaysia LNG (MLNG), and the other four along
      156 words
    • 380 17  -  War risk premiums for ships calling Iraq jump to 7-5%-12% By Donald Urquhart [SINGAPORE] Following attacks by Iraqi combatants disguised as civilians and the recent suicide bombing, coalition forces have again warned all vessels and aircraft operating in the Arabian Gulf
      380 words
    • 269 17  -  By Beth Jinks [SINGAPORE] In a high-tech push towards greener shipping, Japan's Mitsui OSK Lines (MOL) has launched a new generation container ship with a different fuel storage system designed to "greatly reduce the risk of oil spills". MOL Encore is the first of eight similar
      MOL  -  269 words
    • AIRLINE bankruptcy
      • 948 18 US airlines must seriously rethink how they do business, industry experts say [NEW YORK] EVEN as US Airways gets ready to roll off the operating table, American Airlines is steeling itself to go under the scalpel of bankruptcy court restructuring. But industry experts and
        AP FILE PHOTO; NYT  -  948 words
    • 115 18 PAGE BSA 4 B'tang Mas 6 CMACGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink ...4 Delmas 4 Dongnama 3 ECL 3 Foong Sun 5 Fujitrans 4 Gemartrans 4 Goodway 2 Hangli 4 Hyundai 4 Heung-A 3 IRISL 5 Kapal Kris 4 Kien
      115 words
  • Page 17 Advertisements
    • 22 17 Bankruptcy may not solve US carriers' woes Page 2 Major security changes at US airports Back Page Qantas profit forecasts slashed BackPaga
      22 words
    • 294 17 TANKER FAMILIARISATION For more details about our STCW courses, please visit our website: www.sma.sp.edu.sg or contact Ms Balvinder Kaur, Tel: 6772 1817 Fax: 6772 1958 E-mail: Bkaur@sp.edu.sg INFORMAL RATE AGREEMENT (IRA) TEMPORARY ADDITIONAL RISK SURCHARGE INCREASE AND FUEL ADJUSTMENT FACTOR INCREASE Arising from recent increases in Additional Premiums assessed by
      294 words

  • Page 18 Advertisements
    • 901 18 IMPORT Fixed Ooy «dwdl4» ta JEN. TWN, HKG, FCU to Combodio/CWxi/Sen<io</Mo|i/Htct/Hiro»>wmo/Swn/B>w; 1 oumouh) Ivor jct «a \m* [wop jut luk»i|o«a [tyo [rox[»g \k**\Noolrxx li— NORTH AMERICA Ifl' GULF/INDIA SUB-CONTINENT iarTTir^r— (SUPER SHUTTLE EXPRESS (SSX) [OUIF KARACHI EXPRESS (QWQ It'i J!» UM_ wm _l*J4 W M sm Si I VOT JU
      901 words
    • 129 18 lines services represented by #ii L Members of Regis>ry of Members o» me |fef| ActmtKd Shipping Agants, JSr Sin9apof# Singapore Shipping Association Associate g ULY UNE MALE A «ssa voy ra iu eu A f. KUWG STOKE KAli Princess lity 0303 03/04 05/04 14/04 Mold Star 538 A 13/04 15/04
      129 words

  • Page 19 Advertisements
    • 940 19 TO USA (SAX SERVICE) VtSSfl VOY SIN ETA lAX OAK DAI HOU Oi COL MEM All NYC API CANADA 1121 02/04 17/04 21/04 21/04 22/04 22/04 22/04 22/04 2s/04 25/04 API SCOTLAND 11M 09/04 24/04 21/04 29/04 20/04 20/04 20/04 20/04 02/0$ 02/05 ATI BELGIUM iuT 14/04 01/0S OS/0S 04/05
      940 words
    • 1568 19 MKT CAIIfO jgnfe|P COLOMBO 4 DAYS WMPIMMI «WHiailM UUS/MS TIL M7OS4S7/43 WUL MMB/M I SSJ&£!" m ssass- SWP &Sjg BAMBAB ABBAS -12 DAYS XMorsomo: convomaui miomso mm»oo I costmuaatswisiiw tili7-ismim huhmsmiw d INTRODUCING:APPmONAL SERVICE TO REP SEA EVERY TUESDAY THURSDAY WILL BE TWICE CALLINGS TO JEDDAH, SAUDIA ARABIA FIXED WEEKLY
      1,568 words

  • Page 20 Advertisements
    • 958 20 /ffIMF HYUNDAI MERCHANT MARINE CO., LTD. Wmpi|i; wwwAm2lj— 3 WO. HOtTtMOOOM \rnSM. VOT Iy 1 SOU I l« |HW ANT |HM| M* [VCSE VOT I SON I Lfll fTN I ANT I MAN I■¥ TT* NTIOONNBS MM 10/03 Sl/14 20/03 20/03 30/03 KTFBBtM 1411 20/01 22/01 24/01 20/01 15/02 MUM
      958 words
    • 437 20 \an\ wan hai lines V 111:*****588 FAX:*****163 INTRODUCING:- NEW WEEKLY EXPRESS SERVICE TO: HODEIDAH PORT SUDAN CALLING SIN EVERY THURSDAY TWICE WEEKLY EXPRESS SERVICE TO: JEDDAH CALLING SIN EVERY TUESDAY THURSDAY* For fflor* details, call HOTLINE: *****388/1900-*****00 i— m m m m m unwi m asia arms uu sajud saah>
      437 words
    • 587 20 BSA jl MYANMA BH FIVE STAR UNE (MjfiiMNr jtoiwd Um) vnsa voy sbi ra kb nb MfiAM 300W SU NM-M MiW $U M BAUTSIA: OOUSTUD SHTPW6 MOCKS m 01-*****)00 nL 03-317M101 PER: 04-*****0} tg| BANK LINE (A Mrvka Aadrtw VMr SUpffa|) NORTHBOUND TO EUROPE V COBUUMB, 8080, OBUU A HUVTUFTS
      587 words

  • Page 21 Advertisements
    • 992 21 I VESSEL VOY KHH HKO I W I Hli I DXB SA6 PMM H KAN ISFAHAN PCI 305 01/04 02/04 05/04 06/04 13/04 14/04 20/04 22/04 MAN HOtMOZGAN PCL 306 06/04 09/04 12/04 13/04 20/04 21/04 26/04 30/04 ■ANTKHBAN PCI 307 15/04 16/04 19/04 20/04 27/04 23/04 06/05 06/05 M.V.
      992 words
    • 467 21 4 VFFH k UK CONTINENT SERVICE Loading tor OCEAN ISLAND RDM/ATW/BMN/UK/NAN NURTEN ANA RDM/ATW/BMNAJK/NANTES Loads Singapore, EVW Mda>aa. ImtonoM MIDDLE-EAST SERVICE Loading tor ATHtNA DBl/ABU/DOH/BRN/DMM/KWT V IPtROS HELLAS DBVABU/DOH/BRN/DMM/KWT ISSAC LIGHT DBl/ABU/DOH/BRN/DMM/KWT SOURIA DBl/ABU/DOH/BRN/DMM/KWT PLAMER ADN/HDD/JDH/AQA •Loads Smgapore. E7W Malay** Indonesia USA SERVICE Loading tor YOU SHENG CAM/NFK/SAV/NOL AROURA AMETHYST
      467 words
    • 849 21 wssa m m m jbssb m m mum am am f/f< _numi uu »i/m m/m pm iamda nm W/H -HUIU ms m/m m/m rttPAIMA MIM eZM M/M WfnMi UIS 17/ M M/M rttMWPA Miw am nm racpm 7m M/M _HM_ rnfiftigfl MSB mm C7/M rxiAßMt wan M/M M/M PX OAMPA
      849 words

  • 10493 22 THEBUSINESSTIMES EXPORT ETA ETA Advwttser Vnsd Voytg* Tctophon* ETA ETA Adwtisar VBMl Voyag* Talophona SIN Dest'n Nam* Nam* Numbar Number SIN OesTn Nam* Nam* Numbar Nwntar 03/05 */05 UASC FOWAIRET C240W 45******* To ABIDJAN (ABJ) 2003 Cot* D'lvoira To BANDAR KHOMEINI (BKM) 2037 Iran 01/04 22/05 CMA t&M
    10,493 words



  • SHIPS IN PORT
    • 651 25 Vessel Voy Wo Berth Arrival Departure JURONG POUT/MULTI-PURPOSE TERMINAL C M 2303 01/03J J7/8 A/SIDE 01/03 0630 KOREA STAR 005W J18/19 A/SIDE 01/03 0600 SEA CRANE ***** J14/15 A/SIDE 01/03 2300 TERANG 18 E3072 J3 A/SIDE 01/03 0030 WINSTAR 7 19S03 J2 A/SIDE 01/03 0630 YUANCHENG 8 04
      651 words
    • 1779 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Ml Berthing Un- Berth flame Voy Voy veq berthing Nmbr ACX DAHUA 0605 060S 1 *****003-0800 **********00 BOS AOt DANUA 080S 2 01Q*****-1SOO ID7 ACX HIBISCUS 077N 077N 1 **********00 **********00 TPS ALTONA 0323 0322 1 0204/2003-1500 *****003 2300 P03
      1,779 words
    • 143 25 Apr 6 Hong Kong: Ching Ming Fest Korea: Arbor Day Apr Thailand: Chakri Day Apr 13 Thailand: Thai New Year Apr 14 Thailand: Thai New Year Australia: Bank Holiday Apr 15 Thailand: Thai New Year Apr 17 Philippines: Maundy ThursdayApr 18 Australia: Good Friday Hong Kong: Good Friday
      143 words
    • 783 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 at the market Prices shown are based on averagesized stem. Market movements are indicated The Cockett Bunker Price Index change and the
      783 words
    • 415 25 CaitM WO Ma 989.7 0.5 14.9 0.07 55 0.03 y„ 77 n,,|H, Hater htlte kiklbaiMM liillunt Ho Aove £25 0 0 0 0 0 1=2 380 Aw 9M6.1 02 H.4 0.04 21 0.02 380 Mu 9914 0.6 »J 0.07 64 CM IW) MAI nf* W mttm*
      415 words
  • Page 25 Miscellaneous
    • 140 25 W FOR 7AM 1 Apr 2003 —.ISBBB -j" IMb I i m/_ *\m& ,M f I *> f' 9 *'>^Cj^^Bl3^ x -'V X./TV/ 8N y? 7 W-MMjMMir------^--*^ Issued by Meteorological Service Division,NEA LEGEND: l "C Thunderstom Wind speed symbols Showers O Full circle w/o line indicates calm or light and
      140 words

  • AIR & LAND transport
    • 644 26 Move comes as task force finds planes vulnerable to small missile attacks AP [WASHINGTON] US Federal authorities will order major security improvements at several of the nation's largest airports after inspections showed that passenger planes taking off or landing at those airports
      AP; AFP; REUTERS  -  644 words
    • 469 26 SABSOUTBREAK Carrier slashes int'l flights by 20%, issues profit warning Reuters [SYDNEY] Airline analysts downgraded profit forecasts for Qantas Airways yesterday after Australia's biggest carrier slashed routes and trimmed its earnings targets as the war in Iraq and a killer flu
      Reuters  -  469 words
    • 449 26 Airline asing up Cs2m cash a day; asset sales or govt aid needed: analyst Reuters [MONTREAL] Air Canada is draining cash reserves by Cs2 million (552.42 million) a day and could be running on empty by this summer without quick asset sales, an equity
      Reuters  -  449 words
    • 245 26 AFP [TOKYO] Asia's top carrier Japan Airlines (JAL) said yesterday that 10,000 passengers cancelled bookings for international flights in March because of the war in Iraq and possibly because of a deadly pneumonia outbreak. The bad news comes on top of an announcement last week
      AFP  -  245 words
    • LOGBook
      • 129 26 AFP [BEUING] China will give its airlines greater flexibility in determining air fares while taking steps to prevent a devastating price war, state media said yesterday. Local carriers will be given freedom to set prices within the next three months, although they must stick
        AFP  -  129 words
      • 129 26 Bloomberg [LONDON] Korean Air, the country's largest carrier, can be sued by English villagers seeking damages for psychiatric injuries they claimed they suffered after they saw a plane crash, a High Court judge ruled. The 13 villagers, who lived in Great Hallingbury, near London's
        Bloomberg  -  129 words
    • 1616 26 an man cu nam no mm* uwm as Mm M 1 wh gf M» 2238 COS 2305 COM oow kmttr+m SOU 0605 6*974 0130 MMl HUTWT 0220 H***** 0118 (L«J7 MSS LIM 2255 M VM741 IMS S0176 1035 am iow wo wt4o mo McMtf 1*9017 (too
      1,616 words