The Business Times, 8 April 2003

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Total Pages: 26
1 26 The Business Times
  • 23 1 THE BUSINESS TIMES MITA (P) 024/03/2003 j Internet: http://business-times.asial .com.sg S I N* G A P O R E TUESDAY, APRIL 8, 2003
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  • 801 1  - Put on your face mask the business must go on Companies struggle to cope with Sars, some going beyond govt, WHO advice By* Andrea Tan [SINGAPORE] From thermometers to face masks to sanitised hand cleansers, these are some of the measures that companies have adopted to try to put minds
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  • 71 1 ST! 1,338.83 (+25.10) ST INDEX FUTURES 1,330.00 (+29.00) SIMSCI FUTURES 182.90 (+3.10) Monday Change KLSECOMP 640-35 +933 NIKKEI 225 8149.98 +175.86 HANG SENG 8.***** +***** SET INDEX ..dosed JAKARTA COMP 423.81 +18.14 MANILA COMP ...dosed TAIPEI WP1 4.575.83. +76.65 SEOUL COMP 585.90 +27.89 SHENZHEN B 211.37 1.42 Al'ST ALL
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  • 78 1 FOREX RATES USS 8$ I'SS (SS per I'SS) 1.782 £(l SS/SS per 1.551 2.764 El'RO(l'SS/SS/E) 1060 1.889 YEN 120.7 6770 R.M 3.800 1132 MRS 7.799 4.376 BAHT 4312 2415 Rl'PlAH 8.886 4586 RENMINBI 8299 4.656 INDIAN Rl PEE 47 39 26.59 PRIME RATES SINGAPORE* 5i5 Kl'ALA LIMPTR 6.40 HONG
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  • 733 1  -  By Larry Wee [SINGAPORE] Asian and European stock markets and the US dollar shot up yesterday on news of major advances by American-led forces in Iraq. And as stocks and the greenback soared, major safe-haven favourites in times of war
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  • 553 1  -  Group of 57 in class action includes Megawati's sister By' Yang Razali Kassim [SINGAPORE] Trouble may be looming for ST Telemedia's 42 per cent acquisition of PT Indosat, Jakarta's second largest telcom player. A group of 57 prominent personalities which include President
    553 words
  • 697 1  -  Ex-civil servant Tony Lai heads Idea Factory in S'pore BTiammmj By* Anna Teo [SINGAPORE] A former civil servant who used to work with innovation consultants on fostering creativity in the Singapore public service is now on the other side he's
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  • Page 1 Advertisements
    • 75 1 Living with San: Banks tread fine line between discretion and health worries, Pg 2 Sars spread slows in Guangdong, Pg 12 Asia still counting tourism toll. Shipping Times Pg 10 Role* Day-Oate and Rolex Datejust. Officially Certified Swiss Chronometers. www.rolex.com THE HOURGLASS TAKASHIMAYA S C. TEL 6734 2420 RAFFLES HOTEL
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    • 3 1 III! 8 "SS/ISV'sooock
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  • NEXT page
    • 435 2  -  ABS advisory circulated among banks, giving pointers on Sars By Siow Li Sen [SINGAPORE] Bankers are grappling with being sensible and yet not appearing alarmist over staff concern about the Sars situation as the unknown nature of the killer disease continues
      435 words
    • 512 2  -  Sales drop 10-30%; one major reason is higher freight rates By, Audrey Tan [SINGAPORE] Singapore manufacturers have seen their sales to the Middle East fall by 10 to 30 per cent in the past few weeks, but the industry as a whole has
      512 words
    • 798 2  -  COMMENTARY Its attitudes on biomedical research may have emboldened Prof Shorvon, says Catherine Ong Catherine Ong THE scandal at the National Neuroscience Institute (NNI) should make Singapore pause and take stock as it rushes headlong, consciously or unconsciously, to fulfill the prophecies in Aldous
      798 words
    • 511 2  -  Frorni Chuang Peck Ming in New Delhi PRIME Minister Goh Chok Tong and his Indian counterpart Atal Bihari Vajpayee will today announce the launch of free-trade talks that go beyond tariff cuts on the annual $6.8 billion of two-way trade between
      511 words
  • Page 2 Advertisements
    • 96 2 Would you mind being turned away? From ABS's Sars advisory While banks are doing their part to increase the frequency of cleaning customer counters and ATMs, we will be advising bank customers not to visit bank branches if they are not feeling well in consideration of bank staff and other
      96 words

  • WAR IN IRAQ
    • 607 3 BAGHDAD Allied troops said to have taken control of key govt buildings in Baghdad AFP Reuters Bloomberg IT is not yet end-game in the war, although financial markets yesterday started to bet on this. The battle proper for Baghdad has not begun, the
      AFP; Reuters; Bloomberg  -  607 words
    • 519 3 UNITED NATIONS It seeks leading role for US-led coalition while others want UN to be key player AP AFP US President George Bush and his national security adviser Condoleezza Rice were to hold key talks in Europe yesterday as the United
      AP; AFP; REUTERS  -  519 words
    • WAR Briefs
      • 63 3 AP [DAMASCUS, Syria] A convoy of Russian diplomats that came under fire while trying to flee Iraq entered Syria yesterday on its way home, Syrian border officials said. The officials said the delegation from the Russian Embassy in Baghdad crossed the Tanef crossing point on the
        AP  -  63 words
      • 82 3 AFP [ROME] The war on Iraq will likely lead to chaos in the Middle East and will do nothing to help revive the peace process, Syria's Foreign Minister Faruq al-Shara said yesterday in an interview with the Italian daily Corriere della Sera. "The United
        AFP  -  82 words
      • 75 3 AFP [SYDNEY] Australian businesses are scaling back their investment plans amid uncertainty about the impact of the Iraq war on the national economy, according to a new survey released yesterday. The poll by the Australian Chamber of Commerce and Industry found that while trading conditions for
        AFP  -  75 words
      • 78 3 AFP [LONDON] Washington's plans to run the administration of post-war Iraq have almost no support among the British public, according to a poll published yesterday. A majority of voters back British Prime Minister Tony Blair's belief that an administration formed by the United
        AFP  -  78 words
      • 73 3 AP AP [DHAKA] Over 1,000 Bangladeshi men have volunteered to travel to Iraq and fight against the US-led coalition seeking to oust Iraqi leader Saddam Hussein, an Islamic group said yesterday. "We are getting huge response to our call to join the Iraqi people
        AP  -  73 words
    • 133 3 KUWAIT CITY Bloomberg THE US government plans to set up its first office in Iraq today for an administration to run and rebuild the country, even as US and UK forces try to take the capital of Baghdad and the oil centre of
      Bloomberg  -  133 words
  • Page 3 Advertisements

  • SINGAPORE markets
    • Article, Illustration
      328 4 OTHER SINGAPORE INDICES Apr 7 VALUE CLOSE BT06/0S 205.00 +266.00 BTCAM -*****.00 +175.00 BT 10-4«y MA ******.00 +20.00 AH-SG EpHN 358.41 +6.19 122.31 +3.31 SGEqaJttM Flu 1144.58 +19.63 SGEMMmPM* 317.93 +8.74 MSCI Singapore 164.29 +2.80 SMSaFabvw 162.90 +3.10 Upcta \W— Chart SemiCond 26c 43.674,000 Datacraft 10c 27.685,000 •StarCruises 10c 21,374,000
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    • 258 4  -  HOT STOCK/ WARRANT By' Ven Sreenivasan THE Severe Acute Respiratory Syndrome (Sars) is bad news for the regional economies. But some companies seem to be benefiting from the scare generated by the deadly flu. One of these is
      258 words
    • 764 4  -  STOCKS r. sivanithy IT'S a fact of life that the stock market and the economy frequently decouple from each other. It's also a fact of life that in times of extreme emotion, markets always overshoot either on the upside or downside. Most important, however, is
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    • 599 4 Unit hits 2-week highs of U551.0560 per euro, and 3-mth highs versos Sfranc Reuters [LONDON] The US dollar surged more than one per cent against the euro and hit a three-month high against the Swiss franc yesterday as strikes
      Reuters; REUTERS  -  599 words
  • 3183 4 UNIT TRUSTS FUNDS Com Global lifestyle Index Fd 0 8231 Com Global Health Index Fd 0 792/ rr Com Global Telecom Index Fd 0393/ n*T7, Com Global mfotec Index Fd!** 0273/ IS S2 Com Global Energy Index Fd 0*03/ Com Global Travw Index Fd 0.606/ SJ5v mm Star Asia Bond
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  • SINGAPORE companies
    • 384 5  -  Tie-np spanning five countries will provide roaming subscribers with common services Byi Angela Tan MOBILEONE has formed an alliance with four Asian mobile phone operators to give their combined subscriber base of 20 million better access and experience in mobile-phone data services, emulating
      384 words
    • 622 5  -  hqcklWl!M angela tan DBS Bank scored the dubious honour of being among the first blue chip company to snub the code of corporate governance last week when it decided not to comply with parts of it. As a market leader, the onus is
      622 words
    • 458 5  -  F&N will suffer loss of 5.5 cents per share from sale of 50% stake in Harmonic From] Eddie Toh in Kuala Lumpur TWO subsidiaries of Singapore's Fraser Neave have decided to sell their combined half stake in a prime property project at
      NSTP FILE PHOTO  -  458 words
    • 477 6  -  sSober start to reporting season as its earnings drop 12% to $73.5 m By Kenneth Lim SINGAPORE Technologies Engineering kicked off the first-quarter corporate reporting season yesterday with a bigger than expected 12 per cent fall in net earnings. Net profit for
      FILE PHOTO  -  477 words
    • 544 6  -  Court ruling allows CPF investors to cast own votes By Ven Sreenivasan WHILE the recent ComfortDelGro merger fanned considerable debate on cost savings, retrenchments, fair valuation of stock and pensions, few noticed that the marriage set a precedent on a handful of tax
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    • 178 6 Reuters US investment house JP Morgan said it has raised its rating on Singapore Airlines Ltd to neutral from underweight following improved valuations, saying the Severe Acute Respiratory Syndrome (Sars) was unlikely to have a material long-term impact. In a report dated April 4, analyst
      Reuters  -  178 words
    • 209 6  -  By] Kenneth Lim COMPUTER monitor maker TPV Technology yesterday matched analysts' expectations with earnings of US$5l.l million for the year ended Dec 31, 2002. Earnings growth at 18 per cent was the slowest since TPV listed on the main board of
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    • 214 6 LKN-PRIMEFIELD said yesterday it believes its bond-holders are generaUy still supportive and that its ongoing debt restructuring exercise is expected to be concluded by June. The IT, hotel and construction group said the bond-holders had met on April 4 to discuss the breach of certain
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  • Page 5 Advertisements
    • 27 5 actually own a Patek Philippe. t^iSSSsBSPfS/ take care of it for the next generation. Annual calendar by Patek Philippe Geneva Master Time, Tel: (65) 6732 1506 www.gmtsingapore.com
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  • Page 6 Advertisements
    • 1410 6 xanu EE UNITED =g"" ENGINEERS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighty-Ninth Annual General Meeting of the Company will be held at 81A Clemenceau Avenue, sth Storey, Park Avenue Suites, UE Square, Singapore *****8, on Tuesday, 29 April 2003 at 11.30 a.m. for the
      1,410 words
    • 338 6 CdlaMttiaNWKß COMPANIES ACT. CAP 50 AND IN THE MATTER OF CTOE TECHNOLOGY PTE LTD (FORMERLY KNOWN AS: KIOSKMEDIA (S) PTE Lid I (PROVISIONAL LIQUIDATOR APPOINTED) Statutory Declaration by director, of Company's Inability to continue business by reason of its liabilities Name of Company CTOE TECHNOLOGY PTE LTD Company No *****3«78C
      338 words
    • 64 6 Dividends and depreciation? Getting the edge I in a hedge? All the long and short of stocks H H 1 and shares. Know how market dynamics affect 1 your money and when to take advantage... PERSONAL INVESTMENT every Saturday in H The Business Times Weekend edition. H &SNESSTn^J^O JJj(J I
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  • FOCUS property
    • 719 7  -  PROPERTY For AIG Tower stake, it paid way above fair value of HE office buildings lee han shih IS Capita Land throwing good money after bad by deciding with partner American International Group to pay HK$463 million (*****.8 million) for a bigger stake in
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    • 491 7 Bloomberg [CHICAGO], Although mortgage rates hover around 40-year lows, housing sales in the US appear to be the latest economic casualty of the war in Iraq. Mortgage applications and housing sales have been chastened by the hostilities as real estate buyers head
      Bloomberg  -  491 words
    • 148 7 Bloomberg [LONDON] Shares of Chesterton International pic rose by a third after the real-es-tate seller and manager said it is in talks to be bought by an unidentified company. "The board of Chesterton International confirms that it has received an approach which may or
      Bloomberg  -  148 words
  • Page 7 Advertisements
    • 1089 7 (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual General Meeting of Total Automation Ltd (the 'Company") will be held at 45 GuJ Drive, Jurong. I Singapore *****2 on Wednesday, 23 April 2003 at 11.00 a.m. to transact the following
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    • 465 7 Fully Tenanted Office Building a^g^^ Stanley Street Freehold d Behind Cctil Sc. dote to Wdking distance to Tg Pagar Credo Real Estate *****066 CaQ K>U-free 1800 289 8822 NOTICE TO CREDITORS AND CONTRIBUTORS Of INTENTION TO APPLY FOR RELEASE TSV SINGAPORE PTE LTD COMPANIES WINDING UP NO. 42 Of 1999
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    • 382 7 f DlT.fr Modern Warehouse Complex JTC 30 yrs w.e.f 1/3/94 Site Ares 139.932 sq ft Ll? •Built Up Area 123,955 sq ft I J jL Suitable tor various business uses F Easy access to PIE and AYE FOR SALE BY TENDER Closing Date: 30 April 2003 fW>d) at 3 For
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  • SINGAPORE news
    • 633 8  -  Turnover np &2%, $9m capital from stake sale boosts earnings BWIJIIUHi,! By. Kalpana Rashiwala THE city's biggest department store, Takashimaya Singapore, achieved a record net profit of $17.6 million last year, lifted by a $9 million capital gain from the sale
      Compiled by BT / Photo: Chris Loh  -  633 words
    • 446 8  -  EYkleTiI 7T5W?F7FST7T7T7!TflM By Audrey Tan YET another forecaster has slashed his economic growth forecast for Singapore this year, as the outbreak of the Sars respiratory illness is seen as "clearly bad news for the Singapore economy". This time, it is Citigroup's economist Sim Moh
      446 words
    • 574 8  -  Lower equity returns, interest rates to blame By < Genevieve Cua THE standard cap for projected returns for traditional life insurance plans may be revised downwards again, as lower equity returns and interest rates take their toll. At a briefing yesterday
      574 words
  • Page 8 Advertisements
    • 145 8 K,Ma3 H|v. M a fl Kn^H _^zjflpji 'Ifcrflw' 11 r _i.-. 'Mifc^rj^® .^^t#^- %*£S&<• 1J& > $S&«Msi '^S<iSI^^W^'-^y- People don't always see accidents coming. But t A'/.i'j'-'it•, .vdl 'irjf;[;' M, the y/)'-'-,. f ■,}>':'. b'illy when peoplo lov concentration. In fact, mattentivenoss v <■ of t':'- mio frcj j<• rif
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  • REGIONAL news
    • 455 9  -  They are alleged to have abused powers in disbarring funds during 1997 crisis Froml Shoeb Kagda in Jakarta INDONESIA'S Finance Minister Boediono and former central bank governor Soedradjad Djiwandono, along with two other former Bank Indonesia officials, could face jail if convicted for
      455 words
    • 449 9 KUALA LUMPUR It's up 4% in (K from Q3 as building exceeded demand Bloomberg MALAYSIA'S unsold properties rose by 4 per cent in the final quarter of 2002 to RM29.2 billion (5J13.7 billion) from the third quarter as developers overbuilt homes and shops. Developers continued
      Bloomberg; AFP  -  449 words
    • 167 9 AP AFP [KUALA LUMPUR] Malaysian police win penalise six officers believed to be responsible for the alleged mistreatment and wrongful arrest of scores of Indian migrant workers, the national police chief said yesterday. India lodged a diplomatic protest with the Malaysian government
      AP; AFP  -  167 words
    • 352 9 MANILA Reuters THE Philippine government, despite repeated assurances that its budget was on track, has exceeded its first quarter deficit target by nearly 10 per cent. Signs that the government is failing to rein in its runaway budget deficit may hit the
      Reuters  -  352 words
    • NOTE Book
      • 89 9 Bernama [KUALA LUMPUR] The government is not planning on announcing any new economic stimulus package for now, said Acting Prime Minister Abdullah Ahmad Badawi yesterday. "The date would be fixed. April is too near to announce any package or measures to be taken,"
        Bernama  -  89 words
      • 95 9 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's largest lender by assets, will proceed with a plan to sell US$2OO million of five-year bonds with a visit to Singapore, undeterred by the spread of a deadly respiratory disease. The dollar bonds will carry a fixed coupon
        Bloomberg  -  95 words
      • 87 9 Bloomberg [JAKARTA] Indonesia's central bank estimated the country's economic growth in the first quarter was 3.2 per cent year-on-year as consumer spending started to slow. The preceding quarter's economic growth was 3.8 per cent, while it was 2.7 per cent in the same period
        Bloomberg  -  87 words
    • 252 11 MANILA AFP EAST Asian economies should set up their own fund mechanism to weather financial crises and rely less on the International Monetary Fund (IMF), Nobel Prize laureate Joseph Stiglitz said yesterday. "I am a very strong supporter of the (proposed) Asian Monetary Fund
      AFP  -  252 words
    • 378 11 BANGALORE/BOMBAY Analysts say US clients may delay orders dne to war uncertainties Reuters INDIA'S top software exporters are likely to kick off the corporate reporting season this week with an uninspiring earnings outlook for the current year, as clients delay orders
      Reuters  -  378 words
    • 247 11 SHANGHAI AFP US financial giant Morgan Stanley is seeking to set up a consulting company to help China's debt-saddled state banks dispose of their non-performing assets, state press said yesterday. An application is under review by authorities with a decision expected
      AFP  -  247 words
    • 42 11 [NEW DELHI] An Indian model displaying an outfit made from fruits and vegetables, during a fashion show. The show was organised by an animal rights group to promote vegetarianism arid to encourage fashion enthusiasts to stop consuming meat. REUTERS
      REUTERS  -  42 words
    • 421 11 NEWDELHI 12.5% VAT a key change to help govt combat tax evasion AFP BUY anything from a pair of shoes to sunglasses in any small store and some big ones too in India and chances are that the shopkeeper will offer a
      AFP  -  421 words
  • Page 9 Advertisements
    • 28 9 ;<;-•- >$&©»?to-''* 8 accidents coming. But their cars will. M.'lttenhV'-fi'V. developing i otontMl h.i/arH this today. won't h.i|j[)' fV ?rchrysler.com. Daimi. hrCiirysi.hr Ansvv'i s for (iu« s11• <" f< < < nm»'.
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  • EDITORIAL & opinion
    • 804 10  -  OPINION THEHH MTTTTTiiiiiii^j john gee THE ongoing "Operation Iraqi Freedom" looks more and more like a war of conquest As the war continues and allied troops are reinforced, the area under their occupation will grow. Whether they only control parts of Iraq or occupy the
      804 words
    • 39 10 'We believe this medical crisis is the gravest since the 1998 Asian crisis.' -Andy fie Morgan Stanley's chief Asia economist, in a report on the economic effects on Asia of the severe acute respiratory syndrome (Sars).
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    • 609 10 EDITORIAL Usually vibrant Hong Kong has turned into a "masked" city besieged with fears of the deadly atypical pneumonia And no wonder. At least 22 people have died from Severe Acute Respiratory Syndrome (Sars), hundreds more are suffering from it and there's no cure in
      609 words
    • 1295 10  -  It's a hole the US can fill only by making some major policy changes, including pursuing a mnch stronger multilateral economic diplomacy By, Jeffrey E Garten NO one can confidently predict how America's foreign policy will unfold in Iraq and beyond when
      AP  -  1,295 words
    • 301 10  -  MAiurrm Joyce Chia Assistant Director (Public Affairs) For Permanent Secretary Prime Minister's Office I REFER to "Paper qualification's still the key" by Edmund Loi Pei Siang (Mailbag, April 3). Mr Loi has the wrong impression that "students without honours need not apply
      301 words
    • 176 10  -  Ooi Kooi Keat Singapore I REFER to the letter "Capita Land directors: yes, they're worth it" by Basskaran Nair, senior vicepresident for communications at Capita Land (Mailbag, April 3), in response to the article by Lee Han Shih, entitled "Capita Land directors worth their
      176 words
  • Page 10 Advertisements
    • 99 10 Fax your letters to 6319-*****r email them to btfetter&sph.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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  • Article, Illustration
    1076 11 Transaction date: Apr 7 [MTBRBAlfE CROSS RATES AS C$ Bui) Enro HKS Mid Ks taptali Yon Won Wi »2S Hfc to Nto S$ tand Sfr *T$ Balit Hmi US$ AastraSa 0.886 4.930 0.561 4.633 28.149 52.784 0.717 7.471 2.257 1112 34.330 31.648 1059 4.789 0J34 20.697 25.672 0.383 0.594
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  • Page 11 Advertisements
    • 1583 11 idrertbt call toll-free 1800 289 8822 f 'S.IN SAN TEH LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of San Teh Ltd (the "Shareholders") will be held at Century Roxy Hotel Singapore, Roxy 3, Level 4, 50 East Coast
      1,583 words

  • SARS outbreak
    • 737 12 WHO says virus may be weakening at source; 41 new cases in HE Reuters AFP AP Bloomberg [HONG KONG] A World Health Organisation expert yesterday said the course of the deadly Severe Acute Respiratory Syndrome (Sars) appears to be slowing at its source in southern
      Reuters; AFP; AP; Bloomberg  -  737 words
    • 282 12 [HONG KONG] Hong Kong's watch industry could lose up to HK$lO billion (552.3 billion) in business after being forced out of a trade fair in Switzerland amid fears about a deadly virus, the business group said yesterday. John Wong, vice-chair-man of the Federation
      AP  -  282 words
    • 259 12 Bloomberg [HONG KONG] Hutchison Global Communications Ltd, City Telecom (HK) Ltd and other phone companies said call traffic and Internet use surged as more people stayed at home to avoid a deadly virus spreading worldwide. Businessmen prevented from travelling and housebound children playing
      Bloomberg  -  259 words
    • 397 12 Bloomberg [HONG KONG] Swire Pacific, Wharf (Holdings) and Hong Kong landlords are being asked to cut rents by 50 per cent for three months as a deadly virus keeps customers away. Malls with stores such as Chanel and Gucci saw sales
      Bloomberg  -  397 words
    • IN Brief
      • 113 12 AP (HONG KONG] International airlines cancelled 120 flights, or 24 per cent, of total services in and out of Hong Kong International Airport yesterday due to the outbreak of a deadly virus, the Hong Kong Airport Authority said. "The airport authority believes the outbreak erf
        AP  -  113 words
      • 137 12 AP [HONG KONG] As the mystery illness maintains a frightening grip on Hong Kong, frontline doctors and nurses have bea>me heroes. No hospital worker is known to have died, but many of those who have recovered have gone right back to work in the Sars wards.
        AP  -  137 words
      • 60 12 Reuters [SINGAPORE] Malaysia said yesterday it naa postponed an energy security seminar for the 10 Asean nations plus three of Asia's biggest consumers Japan, China and South Korea because of the Sars virus. Senior officials from the 13 countries were due to gather in Kuala Lumpur
        Reuters  -  60 words
      • 47 12 Bloomberg [JAKARTA] Indonesia's number of suspected Sars cases rose to four, a Ministry of Health official said. "All four probable cases are in isolation," said ministry spokeswoman Mariani Reksoprojo. Indonesia has so far not had any confirmed cases of the disease. Bloomberg
        Bloomberg  -  47 words
  • Page 12 Advertisements
    • 257 12 The Business Times Weekend Edition Satnrday-only home subscription is now available at only $45 (for 52 issnes) a a a 1 A. ou know us f° r our wee kday exdusives, company news and market analyses. (jo| it QT tl OITIO OW I^2lXlll*O.5lV S Now en oy BT over a
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  • WORLD news
    • 508 13 SUNNYVALE, California It must maintain surfer base to keep business from firms who pay to be in search resnlts Bloomberg AP YAHOO! Inc. whose Internet service is used by about 40 million people a month in the US, was due to release a revamped
      Bloomberg; AP  -  508 words
    • 286 13 LONDON Bloomberg BRITISH Prime Minister Tony Blair's government has given British women the right to know how much male colleagues are paid for doing equivalent work. According to new employment rules that took effect yesterday, women may submit a questionnaire
      Bloomberg  -  286 words
    • 376 13 TOKYO Reuters A KEY indicator of the state of Japan's economy held above the key 50 line in February, indicating improved conditions in the months ahead, but a government official warned the data could soon turn sour. A Cabinet Office official said
      Reuters; AP  -  376 words
    • WORLD Watch
      • 85 13 Reuters [AMSTERDAM] Philips said yesterday it plans to move more shaver production to its Chinese plant in Shuhai from Drachten in the Netherlands. The move, which will transfer the manufacture of cheaper shavers, will take place in 2005 and beyond. "This will result
        Reuters  -  85 words
      • 54 13 Bloomberg [TOKYO] Toshiba Corp, Japan's largest semiconductor maker, and International Business Machines Corp said yesterday they will jointly develop software designed to automatically prevent glitches from disrupting information systems. Toshiba will start shipping products developed with IBM, the world's second largest software company, in June,
        Bloomberg  -  54 words
      • 83 13 Bloomberg [OSAKA] Matsushita Electric Industrial Co, the world's largest consumer-electronics maker, said it probably had its first-ever consecutive deficit last fiscal year because of investment and tax-related losses. Matsushita Electric had a group net loss of about 23.5 billion yen (*****.9 million) in the
        Bloomberg  -  83 words
    • 269 13 LONDON Bloomberg GLOBAL advertising spending this year is likely to rise 1.5 per cent, compared with a 2.1 per cent fall in 2002, as US businesses boost profitability and regain confidence. Zenith Optimedia Group said in a study. Advertising expenditure in the top seven
      Bloomberg  -  269 words
    • 519 14 OMAHA, Nebraska He praised Amazon, then took np USs9Bm of itsjnnk bonds last year Bloomberg BILLIONAIRE investor Warren Buffett praised Amazon.com Inc last July for its decision to account for stock options as an expense, saying it took "particular courage" and would
      Bloomberg  -  519 words
  • 1575 13 SlCOMFOTuRBS Apr 7 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Close Voh—l Open m-L f ,i| <*-- -> MOmn rHQil LOW 3411 ItOfliwSJ lilfifSI May 03 179.75 Jun 03 178.50 Jul 03 176.75 Aug 03 176.75 RSS3(USceatsAq) Vofane 0pm »I1_L I m A. A. iA t MORtn Hiqn
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  • Page 14 Miscellaneous
    • 199 14 CRYPTIC CROSSWORD ACROSS 8 Feeling round a piece a meat examination was circulated nese port! (8) 24 Beating concealment (6) mental (7) age, 8 Cyclops, 10 Orate, 11 25 Cash flow (8) 7 Rosy, go for each edible pod Extractor, 12 Sonless, 14 Sam--26 Without it. one could be up
      199 words

  • 4690 15 i TraiisactUni date: Apr 7 HONGKONG Vol HKRmt'l 104 unch 585 NKS 'BOO Hong Kong Electric 31.40 unch 3724 Hongkong Chinese 0.63 -0 01 372 AlphaGeneral 021 0 02 418 Hongkong Chinese Ltd 063 0.01 372 Ananda Wing On 0.01 unch 0 Hopewell Holdings 6 65 with 566
    4,690 words
  • 1995 15 Transaction date: Apr 7 KUALA LUMPUR MZ===52 3! S ■u U- room Gentiog 13 00 060 4910 George Kent OJS 0.01 7 AiMReafty.— o.7o 2E ,3 Advance Synergy 0JS 0.01 73 *S| Affin Holdings -0.t3 -0 01 12 i££h 694 Sv is H ss ss i 2 Amal Industry
    1,995 words
  • 815 15 Transaction date: Apr 7 9»a*—. i a— o—» mn— m atm am* AftmnSOc 0A1 0*5 <0.010 H«*S4eet 50c 0S9 2550 <0390 C*C 034 4360 «0-200 03C 930 9300 <0.190 OnttaLand 114 1140 <0060 OUf 053 5.950 <0.190 Owl ScnaCond 26c 0J0 0.710 <0045 Partway H 25c 0.49 0.740 -0.005
    815 words
  • 499 15 BONDS WARRANTS Last v<* Com Liar Caar-'StS rnn>i-T Soto *m- (000! fam Prtca »9 Laft AST1W*****1 "5 1 16 066 14 Aana Ltd VMM1116 *5 1 50 891 1-22 19 AmtekW*****0 SB 35 15 1 33 1 155 26 Armstrong W040S20 0.5 1 10 50 14.00 13 Boustead WO4O0Q2 *5
    499 words
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  • KNOWLEDGE economy
    • 1200 16  -  Idea Factory tells Anna Teo that it's now more focused on putting ideas to work in changing lives Anna Teo JOHN Kao preached jamming his metaphor for the free-form free-flow creative interaction behind successful companies. The latter-day Idea Factory, in its rebirth after founder
      CHRIS LOH  -  1,200 words
    • 529 16  -  Psychologist cites clear goals, focus on areas of excellence By Elgin Toh A PSYCHOLOGIST who used to help Australia's Olympics champions psych themselves up is now doing the same for the country's corporations. Six key principles are crucial to success, said Graham Winter, who was
      529 words
  • Page 16 Advertisements
    • 168 16 Where to wine, dine and entertain... Executive Set Lunch® I—Va_TLST-i_^1 —Va_TLST-i_^ HHH|| Experience modish fining by the |«a|H Waters B <rf~W JPL noon to 2.30pm daily B vegetarian menus per person For Reservations, tel. 6345 4466 or fax: 6344 5344 2 Stadium Walk #01-04 Singapore Indoor Stadium Singapore *****1 (Car
      168 words
    • 55 16 I Choose from roast pork belly, char siew, soya sauce chicken and braised duck. All dishes served with rice and pickled vegetables. /iiv I Spring Court I I The Oldest 'J SS Chinese ResUntrmnt in \/\jr Singapore since 1929. 74 Anniversary Special PEKING PUCK Limited to one per table with
      55 words
    • 86 16 14 ingredients to selectl For only S7.Bo+++ (Lunch) Mon-Fri $B.Bo+++ (Dinner) Daily a WEDDING PACKAGES Chinese Dinner From $368 00*** per table Buffet Dinner From $33 00*** per person RESERVATION: 6337 2882 (281) EJTtL 30 Bencoolen Street 5<*****1) near Dhoby Ghaut MRT AM price tubfttt to 10% ttrvkt chsry*. 1%
      86 words
    • 134 16 Try ur most popular Windsor Seafood i Kway Teow or Windsor Beef Kway Teow $6.Qo+++ Served with special black bean sauce Mon-Fri: Umch from 11.30 am onward* J Pcriim ibUum, pto—cal 6jBl HI3S A COOLEST NIGHTSPOT FOR A NOSTALGIC TIME Relieve the good old days with superb live entertainment brought
      134 words
    • 88 16 j~~l M E RITU S MANDARIN SI N GAPORE AUSTRALIAN GOURMET, WINE FASHION ADVENTURE 1 30 APRIL 2003 Enjoy the changing panoramic view of the city as you savour our French creative set lunch or Gastronomique menu with wines, prepared with fresh seafood, meat, fruits ana vegetables from Australia. Lunch
      88 words

  • SHIPPING TIMES
    • 273 17 Reuters THE Baltic Dry Index rose 20 points to 1997, the Baltic Capesize Index rose 23 points to 2683, the Baltic Panamax Index rose 26 points to 1929 and the Baltic Handymax Index rose 95 points to *****. TXME-G&ABTERj Kohfukusan (built 1999) *****0 dwt delivery S Japan 17/19
      Reuters  -  273 words
    • 270 17 MX '000 hf 7 St ¥*l CWT Distribution 0.57 0.03 25 Chuan Hup 0.40 unch 166 CHOffshor* 0.20 0.01 361 Cosco Invtstmtnt ...0.22 0.01 962 Fr*taht Links 0.03 unch 57 GBHoiflinos 0.5« 0.01 6 Jay* Holdings 033 0.01 307 K»P0*i Corp 4.44 unch 1597 K1 V*ntur* 0.16 0.01
      270 words
    • 588 17  -  Its vital garment industry will be hit, mainline operators warn By\ Donald Urquhart [SINGAPORE] Mainline operators have warned the Bangladesh garment industry worth an estimated US$7 billion annually that restrictions on foreign flagged feeder vessels will have an impact on
      588 words
    • 337 17  -  They may be planting mines in Golf region: US Navy By Donald Urquhart [SINGAPORE] Coalition naval forces in the Arabian Gulf are hunting for two Iraqi vessels they say may be planting mines or other explosives, posing a threat to military
      REUTERS  -  337 words
    • 408 17 Unilateral move to reduce marine pollution [PARIS] Alarmed by a series of oil tanker disasters, France has created a new maritime ecological zone in the Mediterranean, one that reaches up to 90 miles from its coast, to clamp down on pollution from shipping.
      AP  -  408 words
    • 359 17 It has plans to grow nascent shipbuilding and repair arm, says president Bloomberg [SINGAPORE] Cosco Investment (Singapore) Ltd, a unit of China's largest shipping company, expects 2003 profit to rise from the previous year because of a gain in freight rates and contributions
      Bloomberg  -  359 words
    • Article, Illustration
      523 17 AWARDS THE Panama Canal picked up an award from the Institute of Electrical and Electronics Engineers Inc (lEEE) recently for Its etecrrtcai system wrwcn nas run continuously since the canal opened In 1914 The non-profit lEEE awarded the Milestone Award, which recognises significant i i.1,. ~j U 11,
      523 words
    • EUROPE airlines
      • 1088 18 Airlines in Europe are in a better shape to survive the present crisis than US rivals even without govt aid NYT [LONDON! AIRLINES are suffering all over, from the slump in travel brought on by the war in Iraq and now by worries
        NYT  -  1,088 words
    • 113 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
      113 words
    • 10359 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser VKi« Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Destn Nam* Nam* Nwtot Number SIN Destn Nam, Nam, Number Number 19/04 23/04 Nortrans *3A 45-*****200 To ABIDJAN (ABJ) 2003 Cot* D'lVOifO WW 25/04 NYK SINAR BALI 050N/S 45******23 15/04 29/05 CMA COM
      10,359 words
    • SHIPS IN PORT
      • 564 25 Vessel VoyMo Berth Arrival Departure JURONG PORT/MULTI-PURPOSE TERMINAL CARINA 1 MOK 2 J23 A/SIDE 08/04 1000 CHINA STAR 007W J18/19 A/SIDE 08/04 0030 ETOFFSHORE2O 21 J4 A/SIDE 08AM 0630 KIMTRANSAQUA VE99 J16/17 A/SIDE 08/04 1000 NEW SUCCESS 118 J12 A/SIDE 08/04 1800 PRINCESS LIL 0303 J17 A/SIDE 08/04
        564 words
      • 1834 25 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth BerlMf Un- Berth Name Voy Voy seq berthing Nmbr ACX DAHLIA 060N 060N 1 0604/2003-0800 0004/*****800 T04 ACX RAFFLES 076S 076S 1_ 0804/M03-0630 *****003 1800 T03 AEGEAN EXP 32S 1 0904/*****400 1(V04Q003^100^^ ALEN YAJ.001 YAL001 1 11O4Q00»12fl) 11/*****3-2000 K14
        1,834 words
      • 146 25 Apr 13 Thailand: Thai New Year Apr 14 Thailand: Thai New Year Australia: Bank Holiday Apr IB Thailand: Thai New Year Apr 17 Philippines: Maundy Thursday Apr 18 Australia: Good Friday Hong Kong: Good Friday Indonesia: Good Friday Brazil: Good Friday U.K.:Good Friday Philippines: Good Friday Singapore: Good
        146 words
      • 766 25 THIS report, compiled by Cockett Ma nne Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average sized stem Market movements are indi cated The Cockett Bunker Price Index change
        766 words
      • 438 25 Cwtaa 180 Met 969.6 0.5 152 0.07 55 0.03 km* Dmltv Mater iiiMi f itifllamlniiiw l«i—l Ho Aon £25 0 0 2 0 0 i£-2 =22- 3HAN 966.3 02 Mi 0.05 21 0.02 380 Mu 991.4 0J *.9 0.06 64 0.06 tt/wi m/m M/M WW gg
        438 words
    • AIR & LAND transport
      • 312 26 Bloomberg [LONDON] easy Jet, Europe's largest low-cost carrier, said the fiscal 2003 firsthalf loss probably widened as this year's Easter holiday takes place in the second half and the airline cut fares. The March passenger count rose 32 per cent
        Bloomberg  -  312 words
      • 702 26 SARS CRISIS HK saw 229 flights axed over weekend; bookings for Thailand down at least 20% AFP [HONG KONG] Asia's travel and tourism industry is suffering a bad hit as the region continues to be ravaged by Sars, the deadly pneumonia virus.
        AFP  -  702 words
      • 182 26 Reuters [SYDNEY] Australia's competition watchdog said yesterday it expected to hand down a draft ruling this week on Qantas Airways Ltd's NZ$55O million (Sss2B million) deal to take a stake in regional rival Air New Zealand. A spokeswoman for the Australian Competition and
        Reuters  -  182 words
      • 307 26 Reuters [FRANKFURT] Lufthansa Cargo expects its freight traffic to drop and does not see its sales growing in 2003, the world's largest international air freight carrier said, blaming the sluggish economy. "It's unlikely that there will be sales growth this year," Lufthansa Cargo chief
        Reuters  -  307 words
      • 1895 26 an nam ro nam o> on mot uma use *8«W6t LWTTO 2235 MW ZMO «a» gg mmm smm am mm mm Aast»r«M S023 0605 6*974 0U0 Nam IW53 MS IWW g# (HIT M» UM as I I ,1 SMU m COB OM 2145 ens 2305 sww
        1,895 words
      • 449 26 They have nntil mid-Apr to vote on pay cots or end up in bankruptcy court Reuters [DALLAS] The choices before American Airlines pilots who gathered last Thursday to discuss a concession deal were harsh: accept pay cuts and layoffs, or try for a
        Reuters; REUTERS  -  449 words
      • LOG Book
        • 83 26 Bloomberg [DUBLIN] Ryanair Holdings pic, Europe's No 2 no-frills carrier, opened its fourth continental European base at TBI pic's Stockholm-Skavsta airport as it seeks to take advantage of a lack of low-cost flights in Scandinavia. Ryanair will offer more than 30 flights daily, serving six new
          Bloomberg  -  83 words
        • 97 26 Xinhua [GUANGZHOU] China Southern Airlines Sunday launched a new service between Guangzhou, Kunming and the Dali Bai Autonomous Prefecture of southwest China's Yunnan Province. This is the company's fourth service from Guangzhou to southwest China's Yunnan Province, bringing the company's total routes to 668. The
          Xinhua  -  97 words
        • 61 26 Reuters [MANAMA] Regional carrier Gulf Air said it plans to buy or lease 60 aircraft to triple its fleet over the next decade. Gulf Air president and chief executive James Hogan said the Bahrain-based company would add "60 aircraft over 10 years" as part
          Reuters  -  61 words
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  • Page 18 Advertisements
    • 623 18 I IMPORT I NORTH AMERICA [l AUSTRALIA/NEW ZEALAND I SUPCT SHUTTLE EXPWESB fSSX) IAUSTWU* ASIA EXPBEOT («AX) I vissa vor to """"sS*""" 1 wg vtssa wi w tri b m 5» w» OOQKWTOM 30W13 24/03 13/04 15/04 AMEKHIBKE 1M 30/03 31/03 01/04 04/04 00/04 13/04 IS/04 00Q AMEKKA 47W13 03/04
      623 words
    • 414 18 Lines services represented by Members of the Registry of Accredited Shipping Agents, Stngopore Shipping Assockrtion Members of ihe Singapore Logistics Association LILY UNE MALE /vnsa vor eta iu eta\ P. PAWG STOKE MAU Mold Star 538 A 13/04 15/04 24/04 Empress Lity 0303 23/04 25/04 03/05 Mold corner 738 A
      414 words

  • Page 19 Advertisements
    • 962 19 TO USA (SAX SERVICE) VESSEL VOT SIN ETA LAX OAK DAI HOU OR COL WW All NYC API BELGIUM 1141 16/04 01/05 OS/05 04/05 06/05 06/05 00/05 00/05 09/05 09/05 ATI SWEDEN 0061 23/04 00/05 12/05 13/05 13/05 13/05 13/05 13/05 14/05 16/05 An HOUAND 1161 30/04 15/05 10/05 20/05
      962 words
    • 1478 19 i—* BNKT CMlfB IpSt COLOMBO 4 DAYS GO«UUM«nMSMUratt: MOOOMM *****-00 SAUS/K6S TH: M*****7/U FA* 4IJISJ7I/J4 I SSfISSiSL""'" PTE ITO ™SfSS» SSOP Si 32 33SS BANDAR ABBAS -12 DAYS CIKkU/ITIWXmM T/Slf Mf MMSI2S 6? lIS Jl4/44 I jomrsoma comrtkmui miosisi mum I COSTM I6PIOB f) SOU BB m:l7-35Mlt* HUL 07-*****70 INTRODUCING:APPITIOWAL
      1,478 words

  • Page 20 Advertisements
    • 954 20 HM«r' HYUNDAI MERCHANT MARINE CO., LTD. "—I I wwwJ—2l.cf g NO. *****M0000H |ypwn vor I I sou I ia I rai 1 Mff I HMII ty [vraa vot|sou|ib<|wm|ant|n*m|iv Tf NT ftOSHSS 00*W mTS 2S/04 24/04 21/04 23/04 HTMSCOVBT SIX 11/ M IJ/W 14/ M l*/03 05/04 NYMMHMQKI 313W 07/04 20/04
      954 words
    • 452 20 WX WAN HAI LINES TEL: *****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 mora detail*, call HOTLINE: *****388/1800-*****00 MiHttji msa wr m m m la jaukta t? asu arvns ltu
      452 words
    • 713 20 BSA a. MYANMA FIVE STAR UNE (My«HMr NbUmml Um) vEssa voy sm pup» pcu MGAM 306W SU» HPA-AN )MN SID IN MALAYSIA: IOUSTIAD SMIPPW6 AGENCIES Kill: 03-*****300 PU: 03-3174*101 PEN: 04-*****01 BANK LINE (A Mfvkt •< JUirtw W«ir SWpfiag) V" NORTHBOUND TO EUtOPf V CONMMER, RORO, MIX IHUVYUFTS VESSB SM
      713 words

  • Page 21 Advertisements
    • 1167 21 |yfSSIL VOT KHH HKO I«N I FKL I DXR SAB OMM B* IRANHORMOZGAN PCI 306 06/04 09/04 11/04 13/04 20/04 21/04 24/04 30/04 MAN TIHRAN PCL 307 15/04 16/04 19/04 20/04 27/04 23/04 06/03 03/03 M.V. UNO AVI A PCL 303 22/04 23/04 26/04 27/04 04/03 03/03 12/03 14/03 MAN
      1,167 words
    • 465 21 UK CONTINENT SERVICE Loatfcng tor OCEAN ISLAND RDM/ATW/BMN/UK/NAN NURTEN ANA FIDM/ATW/BMN/UK/NANTES Loads Singapore. EJW Matoyaa. tndoneaa mlddle-east service Loading (or ISSAC LIGHT DeVABU/DOfVBRN/DMM/KWT SOURIA DBl/ABU/DOH/BRN/DMM/KWT PLAMER ADN/HDD/JDH/AQA "Loads Singapore. E/W. Malayaa. tndonean USA SERVICE Luring tor YOU SHENG CAM/NFK/SAV/NOL AROURA AMETHYST CALANDA MZL/LAX/VCW •Loads E/W Mataysa. Indonesia F.E./S.E.A. SERVICES Spore
      465 words
    • 985 21 rasa m m m jssso m mi ItttOMl fSIS lIZM -EALMU Z2M 10/04 12/04 ntim* ma am iszsi— rmmn ua wm am rociAMP* m» io/oa n/x ntorai mz zum wtw> tOM ILM I2ZSS r CMU my IT* 10/ M dkmupa ms» urn M/ 04 p»c umm *****1 is/04 is/»4 mo*#*
      985 words




  • Page 25 Miscellaneous
    • 122 25 B FOR 7AM 8 Apr 2003 Issued by Meteorological Service Division.NEA LEGEND: I < Thunderstorm Wind speed symbols ?j Showers O Full circle w/o line indicates calm or light and vahable winds p a j n One half fleche represents 5 knots Cloudy Day One full fleche represents 10 knots
      122 words