The Business Times, 15 April 2003

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Total Pages: 24
1 24 The Business Times
  • 17 1 MITA (P) 024/03/2003 85C THE BUSINESS TIMES SINGAPORE J -rit >ir -*r .com.sg TUESDAY, APRIL 15, 2003
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  • 1021 1  -  Dire consequences for battered airlines if S&rs is not contained soon By' Ven Sreenivasan [SINGAPORE] The prospects for the Asian airline industry are dire if the killer Sars epidemic is not quickly brought under control within the next two months. This seems
    1,021 words
  • Article, Illustration
    149 1 AP Photo Cut capacity by 42%; losing US$3m a day; looking at grounding entire passenger fleet if things get worse. Cut capacity by 20%; put off plans to acquire new planes; released cabin crew trainees; looking at staff layoffs. Cancelled 68 flights weekly up to end-June to Sars-affected
    AP Photo  -  149 words
  • 314 1  -  Layoffs due to Sars, Iraq war could hit many: Abdullah From] Diana Oon Abdullah in Kuala Lumpur STATE-OWNED Malaysian companies must seek government permission before cutting jobs as a means of dealing with the effects of the Sars outbreak
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  • 646 1  -  Byi Siow Li Sen [SINGAPORE] United Overseas Bank gave its four executive directors a pay rise of 9.5 per cent to $12.7 million for 2002 the year that Singapore's most profitable bank reported a net profit increase of 15.1
    646 words
  • 71 1 STI 1,282.87 (-18.15) 8T INDEX FUTURES 1,284.00 (-14.00) BHMBCI FUTURES 187.90 (-1.50) Monday Change KLSECOMP 624.21 -5.48 NIKKEI 225 7.752.10 .-64,39 HANG SENG 8.533.55 112.10 SET INDEX closed JAKARTA COMP ***** 4 60 MANILA COMP .1.***** +11.10 TAIPEI WPI 4,***** 70.59 SEOL'L COMP 594.40 +1143 SHENZHEN B 224.57 +7.33
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  • 76 1 FOREX RATES US$ 8$ ISS (SS per l'SS| 1.781 £(1'SS/S$ per S) 1.576 2.807 El'RO(rs$/S$/E). 1.074 1.913 YEN 120.6 67 80 RM 3.800 2.134 HKS 7.799 4.380 BAHT 42.94 24.11 RITIAH 8,860 4.976 RENMINBI 8299 4.661 INDIAN Rl'PEE 47 33 2658 PRIME RATES SINGAPORE* 5.25 KUALA LUMPUR 6.4(1 HONGKONG
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  • NEXT page
    • 551 2  -  Case is first in S'pore to cite China's forex laws in defence Byi Catherine Ong [SINGAPORE] In one of the first, if not the first, court cases in Singapore involving illegality under China's foreign exchange control laws, the High Court has ruled
      551 words
    • ON THE grapevine
      • 64 2 AMID all the debate about ageing populations and health care, here's something to think about: more money is being spent on breast implants and Viagra than Alzheimer's research. This means according to some wit that by 2020, there should be a large, elderly population with perky
        64 words
      • 186 2 AS we start a new tax year, here's a reminder of how a past government raised money. The government of James I sometimes granted "patents" to individuals to provide services it could not afford. These individuals paid a fee to the government, then recovered this
        186 words
      • 24 2 SPOTTED at Serangoon Gardens' Killiney Kopitiam: An ice-cream concoction called "Bali bomb blast". Sounds like the essence of bad taste.
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      • 117 2 HERE'S what veteran stock trader Robert Prechter has to say in his Mar 20 Elliott Wave Theorist newsletter about Wall Street's war rally. "The technical aspects of the rally are exceedingly weak. Put-call ratios are low. breadth is narrow, news has given people an excuse
        117 words
    • 611 2  -  BIOETHICS SCAMDAL 3 UK institutions to hold joint inquiry into the allegations Byi Catherine Ong [SINGAPORE) The University College of London (UCL) has cast a sceptical eye on allegations that Professor Simon Shorvon breached ethical guidelines in a Singapore research project, saying that press
      611 words
    • 527 2  -  SABS OUTBREAK MOH adopts WHO's cautions approach to prevent relapse By, Andrea Tan and Daniel Buenas [SINGAPORE] From today, recovered Sars patients will have to undergo home quarantine for 14 days after their discharge from Tan Tock Seng Hospital (TTSH). The Ministry of
      527 words
  • Page 2 Advertisements
    • 176 2 Courage Fund If you want to help Sars victims, their families and health-care workers taking care of them, donate to the Courage Fund. Launched on Friday, the fund is named in honour of healthcare workers here, especially those who have suffered or fallen in the battle against Sars. HOW TO
      176 words

  • SINGAPORE companies
    • 805 3  -  Sate for online trades for those with Giro link and trade more than 10 times a month By Genevieve Cua IN a bid to revive flagging retail interest in the stock market, OCBC Securities yesterday launched a new investment account with commission of just
      FILE PHOTO  -  805 words
    • 254 3  -  Japan's Ok&toShoji Go takes np remote non-clearing membership Byi Angela Tan THE Singapore Exchange (SGX), which has been trying to encourage greater overseas participation in its derivatives products for more than two years, has secured Japan's Okato Shoji Co as its first SGX
      254 words
    • 274 3  -  By) Kenneth Lim AUSTON International Group yesterday joined the fray of education providers trying to make the grade on the local bourse with its initial public offer of 12 million shares at 28 cents apiece. The Panpac Media Group subsidiary in its
      274 words
    • 272 3  -  By. Andrea Tan IN a share swap deal. Strike Engineering will take a 54.35 per cent stake in Ipco's subsidiary Mid-Conti-nent Equipment Group while Ipco will end up with a 16 per cent stake in Strike. Strike Engineering said it will pay $14.4 million
      272 words
    • COMPANYBriefs
      • 89 5 WHILE the overall market was battered, Singapore Telecom shares continued to put up a good show yesterday. With 13.6 million shares changing hands, the telco's stock closed another three cents higher at 551.45, even as the wider Straits Times Index lost 1.4 per cent or 18.15
        89 words
      • 62 5 EMERSON Network Power, a subsidiary of US-based Emerson Electric Company, yesterday appointed mainboard-listed Digiland International as the main distributor for its Uninterruptible Power System products for Singapore, Malaysia, Thailand, the Philippines, Indonesia and Vietnam. The value of the distributorship rights is US$4.B million. Digiland said it
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      • 61 5 BIL International's shareholders have approved the local investment firm's bid to buy the 54 per cent of the UK's Thistle Hotels group that it does not already own. BIL has offered to buy the stock for 115 pence (553.23) a share—an offer Thistle is
        61 words
      • 63 5 Bloomberg SINGAPORE Airport Terminal Services (Sats) handled fewer passengers and cargo in March because of the Iraq war and Sars. The unit of Singapore Airlines handled 1.89 million passengers last month, a 9.8 per cent decline from the year before. It handled 126,520 tonnes of
        Bloomberg  -  63 words
      • 77 5 FREIGHT Links Express Holdings said its creditor United Overseas Bank has a charge on 91.5 million of its shares, representing about 17 per cent of the firm's existing issued and paid-up share capital The announcement was made to clarify the bank's position in
        77 words
      • 40 5 Bloomberg SINGAMAS Container Holdings, which is listed in Singapore and Hong Kong, raised US$l7 million selling new shares at HKS2.IS each to Asian and European investors, a banker said. Its shares were suspended yesterday afternoon—Bloomberg
        Bloomberg  -  40 words
      • 92 5 Bloomberg PHONE companies Telstra Corp and PCCW helped their unit Reach Ltd repay a fifth of a US$l.5 billion loan with an advance for using the latter's undersea cable network, meeting demands from creditors concerned it may not meet debt obligations. Australia's Telstra and
        Bloomberg  -  92 words
    • 523 5  -  It will lease back Tessarina units from IP Property Fond for 3 years By. Kalpana Rashiwala WING Tai Holdings said yesterday it has sold a block of 58 freehold apartments at The Tessarina condo in Bukit Timah to IP Property Fund Asia for
      523 words
    • 690 5  -  WVW4 lock siew wong wei kong STOCKBROKING houses and banks are cutting their research teams to shave costs, but they could be shooting themselves in the foot. The past few weeks have produced more casualties on the research front. At DBS Vickers Securities, three senior
      690 words
  • Page 3 Advertisements
    • 288 3 NOKIA Connecting People t- >— v./ vfl *,'.Jfft W 1 i V v" IJ 4 JjjjjCuwl Wf |i^^a IL *jh Bi W LIKE YOU, WE UNDERSTAND THE IMPORTANCE OF A GOOD GRIP. Ig| O And that's why we've designed the new Nokia 5100 with a unique non-slip casing to give
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  • SINGAPORE markets
    • Article, Illustration
      326 4 OTHER SINGAPORE INDICES Apr 14 VALUE CLOSE BTOMDS 7.00 +51.00 BTCMM -*****.00 >120.00 BTMMtay MA +1.QQ AS-SGEqmMM 345.78 -3.78 SG Equities Ehct 117.44 -0.91 SG EqwtmFte 1093.19 -18.21 SG EqaitiM Prop ***** -3.95 MSCHtegporo 157.37 -2.16 SMISa Faturvs 157.90 -1.50 Stocks Volume Mediastream 5c 18,857,000 Chart SemlCond 26c 15.888,000 •StafCnjises
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    • 250 4  -  HOT STOCK/ WARRANT Ven Sreenivasan THE Severe Acute Respiratory Syndrome (Sars) has severely hit market sentiment, sending key blue chips reeling. Some have fallen below both their fair values and net book values for the first time in two years. DBS
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    • 649 4  -  l i comment STOCKS ven sreenivasan THE local market started the week on a lacklustre note yesterday as investors contemplated the regional economic impact of Severe Acute Respiratory Syndrome (Sars). With analysts beginning to come up with calculations on the potentially devastating fallout from
      649 words
    • 582 4  -  -I i comment CURRENCIES C$ emerges as new favourite; yen hurt by Nikkei's 20-year low larry wee THE Canadian dollar emerged as the week's top gainer, the Nikkei's 20-year low yesterday hit the Japanese yen, and the US dollar didn't exactly shine despite
      Source: Reuters  -  582 words
  • 3083 4 UNIT TRUSTS FUNDS Com Global Lifestyle Index Fd 0826* Com Global Health Index Fd 0 781/ Com Global Telecom Index Fd._ 0.393/ St* Europe Eorv 058/ Com Global Infotec Index Fd!" 0262/ VS5 Com Global Energy Index Fd 0796/ Star SgS 1*1 0*07/ Star Asian Tiger Eqty 0614/ Com S
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  • Page 5 Advertisements
    • 71 5 ~~w m wm WW fS I jgQnO ond Qll« f Wellness International Salutes The Red Cross Recognise the efforts of your secretaries and personal assistants during Secretaries' Week. And contribute towards the Red Cross humanitarian work in Iraq. SINGAPORE Visit www.wellness-i.com for unique gift ideas. I THE I UNPANIC KS
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  • SINGAPORE news
    • 556 6  -  Economists do not expect Ql's 17.6% growth to be repeated in Q2 3on the economy exports Byi Chuang Peck Ming SINGAPORE'S exports in March escaped the full force of the Sars attack and Gulf War 11, but their growth
      556 words
    • 372 6 Reuters AIDED by car purchases, retail sales in Singapore probably grew 6 per cent during the 12 months to February, but analysts warn that the worse is to come as the full effect of the Sars virus hit the economy. The
      Reuters  -  372 words
    • 654 6  -  Int'l SOS services span emergency evacuation to travel advice, says Michelle Quali Michelle Quah IMAGINE. You break your leg on an ice-covered mountain. Or you suffer a heart attack on a remote island? Or you need an urgent operation but you're in a hill
      654 words
    • 507 6  -  Sars a more serious threat to region's economies than Iraq war, it says By Anna Teo IF tourism receipts fall by half because of the Sars scare and there's a 100 per cent knock-on effect on consumer spending, Singapore's 2003
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    • NEWSRoundup
      • 64 6 SPRING Singapore and the Singapore Chartered Management Institute are looking for "outstanding candidates" for the International Management Action Award for 2003. This is the fourth year of the awards, and nominations close on May 30. Hie awards recognise individuals who have "demonstrated exceptional ability in
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      • 71 6 The Housing and Development Board (HDB) has reiterated that from today, buyers and sellers of resale flats have to use an Option to Purchase instead of the existing Sale and Purchase Agreement as the form of contract for resale transactions. HDB said those who
        71 words
      • 64 6 HDB said its market interest rate will be lowered to 3.5 per cent from 3.75 per cent from May 1. HDB's market interest rate is pegged to the rate that DBS Bank charges mortgagers on loans taken from the former Credit POSB. DBS Bank
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  • Page 6 Advertisements
    • 231 6 The Business Times Weekend Edition Saturday-only home subscription is now available at only $45 (for 52 issues) i4-Q i. AfVt Y U know us or our weekc *ay exdusives, company news and market analyses. \jvl IX di IIOIIIC Oil ClXUiCldy S Now en i°y BT over a Saturday morning cuppa
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  • Focus property
    • 643 7  - Biting the Sars bullet the reality for retailers i l comment PROPERTY With drastically lower tourist arrivals, many retailers here may not weather the crisis lee han shih BY the time the Sars dust settles, two out of every 10 shops in Singapore could have closed their doors. A month
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  • Page 7 Advertisements
    • 2782 7 lb advefttoe call toll-free 1800 289 <812 E—il reenrit#— Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that an Annual General Meeting of Unidux Electronics Limited will be held at 31 International Business Park #04-03 A Creative Resource Singapore *****1 on May 2. 2003 at 4.00 p.m. for the
      2,782 words
    • 428 7 i /m Jones Lang WLaSalle. Modern Warehouse Complex JTC 30 yrs w.e.f 1/3/94 Site Area: 139,932 sq ft MB fl L Built Up Area: 123,955 sq ft f C Suitable for various business uses 1 Easy access to PIE and AYE 3 FOR SALE BY TENDER C! 051 n Data:
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  • SARS OUTBREAK
    • INBrief
      • 69 8 AFP [RIYADH] Saudi Arabia has barred entry to nationals of five Asian countries as a precautionary measure to prevent the spread of Sars, the health ministry said yesterday. "Based on instructions from higher authorities, the health ministry asks authorities at the kingdom's international airports
        AFP  -  69 words
      • 48 8 Bloomberg [KUALA LUMPUR] Malaysia identified two more "probable" Sars cases, bringing the total number since the outbreak to four. It also identified eight more people who are suspected of having Sars, Ismail Merican, deputy director-general of the health ministry, told reporters. —Bloomberg
        Bloomberg  -  48 words
      • 136 8 AFP [SYDNEY] Australian Prime Minister John Howard faced an opposition attack yesterday for saying the deadly Asian pneumonia virus could be a "boon" for domestic tourism as Australians opted to spend their holidays at home. Mr Howard said fewer people were travelling overseas due to fears about
        AFP  -  136 words
      • 61 8 Reuters [HONG KONG] Hong Kong mobile phone company Sunday Communications is launching a service that lets customers know which nearby buildings have housed Sars virus carriers. "With the dial of a few digits, subscribers can quickly get the peace of mind they need to
        Reuters  -  61 words
    • 742 8  -  They a void crowded areas, use tele-conferencing By Loh Hui Yin [SINGAPORE] The Xintiandi entertainment strip in Shanghai is still the happening place in the city, but Singaporeans who live there are giving it and other crowded places a wide berth
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    • 671 8 Vaccine against Sars may be foond within weeks; 7 more deaths in HK AFP Reuters AP Bloomberg [ROME/BERLIN] In a major breakthrough, a twohour test to help detect the Sars virus is now commercially available, while a vaccine against
      AFP; Reuters; AP; Bloomberg  -  671 words
    • 262 8 AP [HONG KONG] The virus believed to be causing the Severe Acute Respiratory Syndrome has mutated, an expert fears. Biochemist Stephen Tsui of the Chinese University of Hong Kong said he observed that patients at the Prince of Wales Hospital, which was
      AP  -  262 words
  • Page 8 Advertisements
    • 141 8 |>. IS B i jB I People don't always see accidents coming. But tt* 11 v.' <•('(.• I.- <• .mi. 1111. i! r- > i In I i< I in.ill' ill i y« 11 i r i: i.l ."I I'll 1 i.vi-! t ii. 11 r v v 1 1\
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  • REBUILDING IRAQ
    • 650 9 Optimists hope to make it a showpiece of First World economic policy LATWP NYT [WASHINGTON] The transformation of Iraq's economy has already begun. In the Gulf port of Umm Qasr, local dockworkers are now paid in US dollars instead of "Saddam" dinars. And it
      LATWP; NYT; AP  -  650 words
    • 492 9 But Marines still fear militia's hit-and-ran attacks AFP Reuters AP [TIKRIT, Iraq] It looks pretty much like end-game for Saddam Hussein, as US Marines yesterday swooped on the Iraqi president's hometown of Tikrit and seized control of the town centre. There, the much-hyped last
      AFP; Reuters; AP  -  492 words
    • 383 9 Britain concerned Syria is developing lethal weapons AP Bloomberg AFP [DAMASCUS, Syria] Washington and London have no plans to invade Syria, top British officials said yesterday, adding however, that Damascus has "important questions" to answer about its own weapons programmes. "There is
      AP; Bloomberg; AFP  -  383 words
    • WARBriefs
      • 68 9 Bloomberg [TOKYO] Japan will play a "signincanr roie in paying for efforts to rebuild Infrastructure in Iraq, said Deputy Minister of Foreign Affairs Hitoahl Tanaka, but he did not specify how much Japan will contribute. Media reports have singled out the energy industry
        Bloomberg  -  68 words
      • 97 9 AP Reuters [SINGAPORE] Oil prices started the week one per cent lower yesterday, weighing up the prospect of a return of Iraqi crude exports to the world market US light crude fell 37 US cents to U5527.77 a barrel while Brent crude fell
        AP; Reuters  -  97 words
      • 78 9 Bernama [KUALA LUMPUR] Malaysian companies will not bid for development contracts in post-war Iraq, said International Trade and Industry Minister Rafidah Aziz. "We don't want to think about it as it has been reported that the con tracts to develop Iraq will go
        Bernama  -  78 words
      • 81 9 AFP Reuters [NEW DELHI] Iraqi National Congress leader Ahmad Chalabi has called for Indian-style democracy as a model for government in post-war Iraq. "Democracy in India is a marvel of civilisation. We hope in some respects to have a political system similar to India," he said.
        AFP; Reuters  -  81 words
  • Page 9 Advertisements
    • 52 9 2. ~*f mi< 5as£?53wre it r ,i..; ,K' v "Vi* > i V I hgk •-> 2 S V > I %..V- 1 -V V v. 8 accidents coming. But their cars will. »I! i (Ml I. Mil ,1 II I. I h III y.lri miii Daimli-rCiikvsi.hk r i f
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  • EDITORIAL & opininon
    • 781 10  -  OPINION HiTrl bottom line john gee MILLIONS of Iraqis are celebrating the end of Saddam Hussein's regime: whatever they think of the United States and Britain, they are glad to see its collapse. The cost remains to be counted, though. At the height
      781 words
    • 60 10 The epidemic has been put under control.' Zhang Wenkang China's health minister, speaking in early April about Sars in China. 'Much progress has been made in combating the disease so far, with the epidemic brought under control in some areas, but the overall situation remains grave.' -Wen
      60 words
    • 609 10 EDITORIAL JUST before the United States launched its war on Iraq, analysts were busy drawing up what became commonly known as "war scenarios". These scenarios attempted to portray various outcomes of the US-led campaign, and their possible impact on financial markets in particular, the equity
      609 words
    • 1631 10  -  There are lessons Singapore most draw from the European experience of the 1970s in terms of 'aspiration' wage versus 'affordable' wage By\ Hoon Hian Teck ALTHOUGH Singapore's unemployment rate hit 6.5 per cent in 1986 during the country's worst recession since independence, the following
      FILE PHOTO  -  1,631 words
    • 500 10  -  MAILrET?! Richard Magnus Chairman Human Stem Cell Research Subcommittee Bioethics Advisory Committee I REFER to the commentary "Is Singapore's zeal sending wrong signal?" (BT, April 8). The commentary stated that "Singapore doesn't exactly have a climate and culture of high respect for the sanctity
      500 words

  • REGIONAL news
    • 402 11 KUALA LUMPUR Discussions to resume shortly; letter of intent expires in Jnne Bloomberg Reuters RENONG Bhd said talks with Vivendi Universal SA on developing South-east Asia's first Universal Studios theme park are taking longer than expected because of the Iraq war. "Discussions have
      Bloomberg; Reuters  -  402 words
    • NOTEBook
      • 53 11 Bloomberg IJAKARTAJ Indonesia yesterday filed charges against Muslim cleric and terror suspect Abu Bakar Bashir, alleging treason and violating immigration rules, said Antasari Azhar, spokesman from the Attorney General's Office. The trial is expected to begin as early as the end of this month, Bashir's lawyer
        Bloomberg  -  53 words
      • 82 11 Bernoma [KUALA LUMPUR] Anwar Ibrahim, who completed serving six years' jail sentence for corruption yesterday, started his nine-year jail term for sodomising Azizan Abu Bakar, the former driver of his family, in 1993. Anwar's lawyer S N Nair said it was regrettable the Court
        Bernoma  -  82 words
      • 72 11 AFP [BEIJING] China's economy grew 9.9 per cent from a year ago in the first quarter, the country's highest growth rate in six years, state press reported yesterday. China's industrial output rose 17.2 per cent for the same period, the Economic Observer said, citing
        AFP  -  72 words
      • 67 11 AFP [NEW DELHI] Hundreds of thousands of trucks carrying essential goods across India went off the roads early yesterday in response to a nationwide call for an indefinite strike over price hikes and taxes, reports said. The strike was called by the All India Motor
        AFP  -  67 words
    • 120 11 Bloomberg [JAKARTA] Indonesia's economic growth this year may fall short of the International Monetary Fund's 3.5 per cent forecast because of the spread of the deadly Sars virus and weakening consumer confidence, the fund's country director said. The virus outbreak's "implications for the economy
      Bloomberg  -  120 words
    • 435 11  -  Issue will test investors' appetite for corporate paper From Shoeb Kagda in Jakarta INDONESIA'S Bank Mandi ri yesterday announced a US$3OO million offering of senior unsecured fixed rate bonds in a move that will test the rising investor appetite for Indonesian corporate paper. According to
      435 words
    • 527 12 BEIJING Bering still has no laws to protect private property Bloomberg TWO years ago, Yang Rong was Forbes magazine's third richest man in China. The founder of China's first company to list in New York, he had an estimated US$B4O million fortune. Now,
      Bloomberg; APPLE DAILY  -  527 words
    • 251 12 Bloomberg [BElJlNG] Foreign direct investment into China surged in the first quarter as multinational corporations such as Bayerische Motoren Werke AG and Carrefour set up ventures in the world's most populous country. Foreign direct investment rose 57 per cent from a year earlier
      Bloomberg  -  251 words
  • Page 11 Advertisements
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  • Article, Illustration
    1112 12 Transaction date: Apr 14 MTEBBAMK CROSS RATES AS C$ Kmb Euro HK$ hid ta Ifrpieii Yen Won Ml M2$ Pafc 8s Nso SS lw< Sir 1$ 8aM N—4 M$$ Australia 0.878 5.010 0.S62 4.709 ***** 53.495 0.728 7590 2.294 1105 34.867 31.739 LOTS 4.723 0.841 21.017 25.925 0J83 0504
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  • 1459 12 BOOM FUTURES Apru RUBBER Fvtvn (Cfestag prico) RSS1 (S cafe/kg) Ctott VotaHM Open Mont> M«k Low Sett (town) hrtemt May 03 T75.50 Jw 03 173.75 Jul 03 171.50 Anq 03 ***** RSS3(UScm(sAq) Volume Open Monti Hiffc Low Sott (tonnes) Interest iter 03 n JO ti50 Jw 03 96.00 2175
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  • Page 12 Advertisements
    • 53 12 During these stressful times, iron rW 7 jfc 1 take time to recognize the hard work of your Secretary or flfl| J Personal Assistant in the past year. Visit www.wellness-i.com for great gift ideas details. 8 A community project with the Singapore Red Cross to help in the humanitarian efforts
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  • WORLD news
    • WORLDWatch
      • 56 13 Bloomberg [SAN FRANCISCO] AOL Time Warner Inc, the world's largest media company, has been sued by The University of California and Amalgamated Bank for insider trading. Some of its top managers made about US$9B6 million using "tricks, contrivances and bogus transactions", said the lawsuit, filed
        Bloomberg  -  56 words
      • 73 13 Bloomberg [SYDNEY] John Fairfax Holdings Ltd will pay NZ$l.l9 billion (551.16 billion) for Independent Newspapers Ltd's New Zealand publishing arm in a move that will boost sales about 40 per cent and overcome a government ban on expanding in Australia. The publisher of the Sydney
        Bloomberg  -  73 words
      • 48 13 Reuters [NEW YORK] Consulting firm Accenture Ltd yesterday said quarterly earnings rose sharply from a year earlier, when it recorded large investment losses. Net income for the fiscal second quarter ended Feb 28 rose to US$llB.7 mUlion from US$lO.6 million a year earlier.—Reuters
        Reuters  -  48 words
      • 81 13 Bloomberg [CLINTON, Mississippi] US long-distance telephone company World Com Inc said it has reached an accord with creditors to help emerge from the country's biggest bankruptcy. The company, which filed for bankruptcy protection in July with US$3O billion of debt, has outlined a reorganisation proposal with
        Bloomberg  -  81 words
      • 83 13 Bloomberg [SYDNEY] HSBC Holdings pic and GE Capital Corp have agreed to buy As2.B billion (Ss3 billion) of loans in Australia and New Zealand from AMP Ltd. HSBC said it will pay NZ$27 million (5526.2 million) for AMFs New Zealand mortgage loan portfolio, which
        Bloomberg  -  83 words
    • 537 13 NEW YORK They benefit from increased consumer borrowing, decline in loan losses Bloomberg Reuters CITIGROUP Inc and Bank of America Corp (BOA), the two biggest US banks by market value, reported higher first-quarter earnings as lending increased and loan losses declined. Citigroup's profits rose
      Bloomberg; Reuters  -  537 words
    • 339 13 LATEST US INDICATORS AP [WASHINGTON] Stockpiles of unsold goods at US businesses rose in February as sales tumbled amid pre-Iraq war jitters. The Commerce Department said yesterday that business inventories went up by 0.6 per cent in February, compared with a 0.3 per
      AP  -  339 words
    • 401 14 PfttrrimmH wnrin Iraq, Sars seen adding up to lacklustre quarter Reuters [SAN FRANCISCO] Electronics manufacturers, already reeling from low margins and fierce competition, are expected to post weak March-quarter results In the coming days and could offer disappointing outlooks clouded by uncertainty,
      Reuters  -  401 words
  • Page 13 Advertisements
    • 128 13 A Diners Club Credit Card 6416 0980 Where to wine, dine and entertain... :A- ;v < Try our most popular Windsor Seafood Kway Teow or Windsor Beef Kway Teow @$6.QO+++ Serve J with special black bean sauce s Mil nil I. I Lunch from 11.30 am onwards /ilv j Spring
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    • 166 13 Executive Set Lunch I—vansT-i1 —vansT-i B Experience modish Indian dining by the Waters 12 noon to 2.30pm daily vegetarian menus available l per person For Reservations. teJ: 6345 4466 or fax: 6344 5344 2 Stadium Walk #01 -04 Singapore Indoor Stadium Singapore *****1 (Car Park E for easy access) jmMSL
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    • 210 13 n THE NEPTUNE n COl L Y t R Q_U A Y DIAN XIN ATTHE NEPTUNE Enjoy excellent lunch and dian xin served on trolleys. Lunch 1:30 am 2:30 pm (Mondays Saturdays) 10:30 am 2:30 pm (Sundays Public Holidays) Reservations: 6224 3203 (jfe) MM mtfhmt Cotym Quty Managed by Meritus
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  • 5310 14 Transaction date: Apr 14 SHU LaM Ml 0ay Last Quota GrDkr Mi GrTU MM MCaa 18* lew Ci—i«r Sate W- rtm MW> L— Bayer Safcr Cw Wt ABNA/nroNLG 56c 9 12 3.4 1383 115 ACE Dynamks20c 11 103 14 IX Wl 10 J 24.5 95 AEM-Evertech 5c 10.5
    5,310 words
  • 67 14 U4ft UM Val Day LaMQaoM GrWv Mr CftW Nat MCb U» Cawyi Mt W- pit L—r Hfcr Cw M SiJ ***** (9 Diamondl US«7a0cd *10 2700 IS DJ US T«ch US3740 S55 S55 IS MSO Sport US5SS 11 MO COO ISS4K00 US8270 ***** B» SPOHS US82S0 in 1230
    67 words
  • 1367 14 52-Wk Lad Vel Day LatQaata GrOfc Dkr SfTW MM MCaa I— C.■»■■>)> H* W- P888I W» la» —rm i+m Cw W M 22 73 AB8HkJ*5c 9 83 10 174 243 IS APOiISc 193 -03 70 19 5 195 19 20 27 2.6 69 7.1 17.1 515 10 ASAutolOc
    1,367 words
  • 269 14 U-Wk LM Ml Day IHH Grtt» Dtv firTM MM MCjb Mi I— Cinif Sat. W- rail U» —iwr Safcr cv »>«<■* IIS 81 AVJanningt A25c A105 unch 12* 105 105 105 106 40 34 93 «.1 226 Cathay Pac 20c HK720 265 2.1 74 6 *****2 OwraKongSOc HK1780
    269 words
  • Page 14 Miscellaneous
    • 191 14 CRYPTIC CROSSWORD 26 Tanker s water-heater did not start (5) 27 Person rdsoonsibid for 3 series of notes (9) 8 Coordinator with prize con- 12 Chanteuse, 14 Princess, 28 Yawning gap? (4-4,5) 4 SlTLaimiNlll 15Retrat 20 Ra--14 Servants secret flight? (10) cess, 23 Erasable, 25 IdentiDOWN 16 Not even this
      191 words

  • 4470 15 Transaction date: Apr 14 HONGKONG *w hkrmi 100 002 Hong Kong Electric .3130 020 1575 h r Hongkong Chinese 0.61 unch 496 Si! 2 Hongkong Chinese Ltd 0.61 unch 496 ®'9J .*>.2 Hopewell Holdings &7S 020 2199 5* Slf Hsac Holdings.. .82.50 -0.50 7268 Anhui Conch H... J.58
    4,470 words
  • 2237 15 Transaction date: Apr 14 KUALA LUMPUR General Corp 4.45 unch 5 Vol General Sail 1.26 unch 0 «M *4- rOOO) Gentmg 11,80 unch 8856 George Kent .0.24 unch 3 ASM Really a/0 unch 0 Globetrot*} Tech 4.22 unch 10 Abhc 0.72 -0.02 26 GlomacBhd 1.38 -0.01 207 ACP Industries
    2,237 words
  • 705 15 Transaction date: Apr 14 Omt 0>—i SMdi—» Omt Omm AJtarwn 50c MO MM NiOM 50c 040 2470 00*0 CMC 051 4.000 -0.2S0 OQK Ml 9400 -OJOO OptaUnd 140 1050 OUt Oil 5 700 -0100 Owt SerraCond 26c 0 76 0640 0.035 Partway H2Sc 0.40 0i7» «0.015 Qty DavSOc 1*3
    705 words
  • 470 15 BONDS WARRANTS LM M Cm Ew Ml *m- fl —to W tm u» AST1W*****1 _|75 1 16 235 057 14 AanaUd\MM1116 <15 I SO 990 1.11 19 Amt«* W*****0 555 1 33 2 156 26 AfflMgngMOBO 05 1 10 62 13.00 13 Bounead WM0N2 12 1 25 3 08 16
    470 words
  • Page 15 Advertisements

  • KNOWLEDGE economy
    • 1413 16  -  Emotional engagement is key to retaining customers, says Ashok Gop&l Ashok Gopal A RECENT Conference Board survey shows that the single biggest concern for CEOs globally today is retaining their existing customer base. Not surprising in a world where the CEO of one of the United
      REUTERS  -  1,413 words
  • Page 16 Advertisements
    • 2204 16 Tb tdrtftkte call toll-free 1800 289 8822 Email recr«it«sph.coa.tc IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTE* Of AJRVAC SERVICES (S) PTE LTD I Registration no. *****3376E) Statutory Declaration by directors of Company"» in ability to continue business by reason af to BaMßtee Norn# of
      2,204 words
    • 564 16 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of AIRVAC SERVICES (S) PTE LTD (Rogitfrotion No. *****337&£) (PROVISIONAL LIQUIDATORS APPOINTED) NOTICE Of MEETING Of CREDITORS PURSUANT TO SECTION 296 Of THE COMPANIES ACT, CAP. 50 NOTICE IS HERESY GIVEN ihoi pursuont to Sec*on 296 of
      564 words
    • 337 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 90 BUHLER PRIVATE LIMITED MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 10 Collyer Quay #19-08 Ocean Building, Singapore *****5 on 10 April 2003. the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP
      337 words

  • SHIPPING TIMES
    • 262 17 Reuters THE Baltic Dry Index rose 18 points to 2069, the Baltic Capes ize Index rose 7 points to 2718, the Baltic Panamax Index rose 37 points to 2072 and the Baltic Handymax Index rose 75 points to *****. TIXE-CHARTERi Cape Century AEP relet (built 2001) *****3 dwt
      Reuters  -  262 words
    • 266 17 MX tOO A/rU tt *f- VH CWT Distribution 0.50 -0.02 4 Chum Hup 039 0.01 1162 CH Offshora 0.19 unch 232 Cosco invostmont —031 unch 114 Frataht Llnkt 0.03 unch 55 68 Holdings 0.56 unch 0 J aya Holdings 032 -0.01 2511 KoppolCorp 432 -0.04 2550 K1 Vtntur*
      266 words
    • 242 17 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, expects to win more than US$3 billion worth of orders this year, helped by growing demand for safer oil tankers. Earlier this year, Daewoo Shipbuilding targeted shipbuilding and other orders to reach US$2.B3
      Bloomberg  -  242 words
    • 776 17  -  They support expanding list to answer more calls Reports by Beth Jinks [SINGAPORE] A small pool of doctors has committed its services to Singapore's shipping community for onboard severe acute respiratory syndrome (Sars) screening of passengers and crew, and they
      776 words
    • 256 17 [SINGAPORE] The Maritime and Port Authority of Singapore (MPA) has agreed to work with the Singapore Shipping Association (SSA) to provide a list of doctors able to conduct onboard Sars-related health screenings, following meetings with the representative group last week. An MPA spokeswoman
      256 words
    • 716 17  -  SnperSt&r Virgo, Leo cruises in region called off doe to S&rs outbreak By Donald Urquhart (SINGAPORE] Malaysianowned Star Cruises has cancelled all itineraries of two of its largest cruise ships operating in the region—each capable of carrying nearly 2,000 passengers due to the ongoing Sars outbreak.
      AFP; REUTERS  -  716 words
    • CHANTERS shipyard
      • 987 18 French yard, Europe's biggest, has no new orders since 2001 and no more cruise ships after spring 2004 Reuters [SAINT NAZAIRE, France] PATRICK Boissier gazes at the world's most spectacular ocean liner, half-built in his shipyard, and feels his chest swell with
        Reuters; REUTERS  -  987 words
    • 116 18 PAGE BSA 4 B'tang Mas 6 CM A CGM 3 COSCO 3 Columbus 5 China Shpg 5 Cougar 5 CWT Globelink ...4 Delmas 4 Dongnama 3 1 ECL 3 Foong Sun 5 Fujitrans 4 Gemartrans 4 Hangli 4 Hyundai 4 Heung-A 3 IRISl 5 Kapal Kris 4
      116 words
    • 8213 22 thebusinesstimes EXPORT ETA ETA Advertiser Vnsd Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest n Name Name Number Number SIN Dest n Name Name Nuntor Number ■■HMHHHmiManManMBHnaHMMWi MHBMaMVHMHMBnnnnM To ABIDJAN (ABJ) 2003 Cot* O'lvoire 05/05 B/05 c*.na Shpg asta Xckmers oorm 65******44 W9* 04/06 Wen Hung
      8,213 words
    • SHIPS IN PORT
      • 616 23 V«B>I Voy Ho 8ftt> Arrival Ctep^rlurc JURONG PORT/MULTI-PURPOSE TERMINAL ARMADAS 0306 J2 A/SIDE ISAM 0630 HANSA INDIA 310-32 J17/18 A/SIDE ISAM 0900 ROBERTO C V001 J15/16 A/SIDE ISAM 2100 SANDIDEWA 14 122 J2 A/5IDE ISAM 0630 50 TRIUMPH V001 J14/1S A/SIDE 15AM 0400 WINSTAR 7 2S503 J2 A/5IDE
        616 words
      • 1717 23 CONTAINERS TERMINAL AND VESSEL SCHEDULES Vessel Out In Bth Berthing Un- Berth Name Voy Voy seq berthing Nmbr ACXMA6N0UA OPS 062S I *****00M)900 *****003-0100 101 ACX-A6M0UA PCS 2 **********00 *****0003-***** 101 ACX RAFFLES 076N 076N 1 1 *****03-0900 *****003 2100 T01 AEGEAN EXP J2N 32N 1 *****003 23:59
        1,717 words
      • 144 23 Apr 15 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 Friday Apr 19 Hong Kong: Day Following G Fri Australia: Easter Saturday Apr 20
        144 words
      • 771 23 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
        771 words
      • 417 23 ISO Max 909 J 0.4 152 0.06 55 0.03 Aar to Pewsttr Water 05 J 380 9862 0.2 MJ 0.05 22 0.02 uJJ. 380 Mai 991.4 0.8 9 0.08 46 0.06 U/lrl ¥A m/m m/m WW Wo above G35 3 0 5 0 0 0 Kfl/C«ur
        417 words
    • AIR & LAND transport
      • 554 24 Govt selling assets to trim budget deficit, improve firms' efficiency Reuters [TAIPEI] A state-controlled foundation that owns 71 per cent of China Airlines Ltd said yesterday it planned to sell half its holdings by the end of this year, ceding control of
        Reuters; AFP  -  554 words
      • 516 24 Tliis is the first time a major airline group is seeking to jointly buy aircraft Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Scandinavian Airlines System, Austrian Airlines Group and Air Canada, all members of the Star Alliance, plan to order as many as
        Bloomberg; FILE PHOTOS  -  516 words
      • 342 24 Bloomberg [FORT WORTH, Texas] American Airlines, the world's biggest carrier, may be prompted to seek bankruptcy protection as a group of pilots who want to delay a union vote on US$66O million in job, pay and benefit cuts. The pilots were
        Bloomberg  -  342 words
      • 296 24 Swiss carrier also denies approaching British Airways AP [ZURICH, Switzerland] Loss-making Swiss International Air Lines, which has been trimming its fleet and cutting back on aircraft orders, has been discussing with Lufthansa a possible takeover by the German carrier, a Swiss newspaper reported. Both airlines
        AP  -  296 words
      • 312 24 Reuters [MANAMA] Troubled regional carrier Gulf Air plans to double its fleet to 60 aircraft by 2009 but will not consider buying new planes before 2005. Gulf Air president James Hogan said he expected the airline's bookings to pick up
        Reuters  -  312 words
      • 100 24 Reuters [ROME] A one-day strike by airline workers and air traffic controllers paralysed Italian airports yesterday, forcing the cancellation of hundreds of flights. Workers at Italian flag carrier Alitalia staged an eight-hour walkout to protest against the company's planned cost-cutting measures. Alitalia cancelled 320 flights,
        Reuters  -  100 words
      • 1795 24 on maw tn mtwr no $***** 1555 230s MW* UW770 2235 WW *05 S***** 2305 MB» 1*9765 2150 M*M8m SOU 0605 6*974 0130 mm «U37 MM IL638 2255 W W* mm a« hm* arm wa tns* nm MMw MKT MM (1011 S0803 WO C2352 OfC MM
        1,795 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 631 18 I IMPORT NORTH AMERICA 1 j I AUSTRALIA/NEW ZEALAND SUPER SHUi iIJE EXPRESS (SSX) /MJSTfVM Vi AftH BtPPftW (ft/NJQ 55 wc vtssa vot m sto m aw w W" pic s 01/04 70/04 75/04 mrtw m mm 00/04 ii/m u/m u/m h/m omtt MWI4 W/#4 W/#4 W/04 m«BM» 57* 14/04
      631 words
    • 432 18 linn services represented by A Members of ihe Registry of Members of ihe Aocraditad Shipping Agenh, Singapore Logishcs Xjwi y Singapore Shipping Association Assoctattor ||j ULY UNE MALE AKSSB VOY ETA EU ETA r. KLAWG SfOtt MAli Mold Star 538 A 13/04 15/04 24/04 Empress lily 0303 24/04 26/04 05/05
      432 words

  • Page 19 Advertisements
    • 801 19 TO USA (SAX SEBVKD VKSII VOT SIN ETA LAX OAK DAL HOiJ CHI COl MEM All NYC AWjgggi 1141 16/04 01/05 OS/05 06/05 06/05 06/05 06/05 06/05 §9/95 99/95 ATI SWEDEN 0061 23/04 01/05 12/05 13/05 13/05 13/05 13/05 13/05 10/15 10/05 Aft HOLLAND 110t 30/04 15/05 10/05 10/05 20/05
      801 words
    • 816 19 W> a 111 I llHllllllfflllllllll'lllllllMllllllllMlllM COLOMBO 4 DAYS coctmsiimiicmin ~WT "S3 I a*k *****W004M1 IH-tIMIMOMM) MWA»(SOt 441*5714 41MSSU/44 I MWDII IBMI 17 DAYS I/»» MWII 41)*****/44 I """"WW* l/HIJ JOMOf 5 OfflCfc COHVHfTIOIUi UHUU iMuiM I COST** ICBKKS SON WD TO: (7 )5)1144 ML VM I INTRODUCING:APPIHONAL SERVICE TO REP
      816 words
    • 544 19 toy SF —-Syr- iS swum 27K m ~a7i ar Goawiii W74 «/4 138/4 1/5 4/5 1/5 10/S OUNAMM CIS I 24/4 I »/4 30/4 iHWMWUM W4S I Z/S I 7/5 1 l>s IVS IS/5 17/5 PUMA BUM 772S 3/5 4/5 ~W~ 'K-MMMm vtssfl wy sm> w na mo sha no
      544 words

  • Page 20 Advertisements
    • 944 20 HYUNDAI MERCHANT MARINE CO., LTD. jlwiipgrww» tamVMm Q MO. IMmmm ma. VOT I SOO |UNI KM I MIT IW— 1 NV~||VBsa WT I son 1 ia| rrM 1 «rr Imal»v I {1 WW®** ii/m nm w/m m/m m/m hyfbum mh »/n tt/n ii/u 23/m~u/m MTranW 314W 14/ M N/K N/M
      944 words
    • 21 20 Bunkum Bunker? Check it out in Shipping Times daily Bunker reports. FOR STRAIGHT TALK ON SHIPPING MATTERS EVERY WEDNESDAY Shipping Times
      21 words
    • 404 20 WX WAN HAI LINES V 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 datalla, call HOTLINE: *****589/1800-*****00 «uomss iiu m/m 555 a/ts a/04 ISM 04/05 04/15 10/05 12/05
      404 words
    • 641 20 JSAi MYANMA BBS FIVE STAR LINE rasa VOY 9H m m PCM MGAM IMW SU> WMN IMW SID M MALAYSIA: lOUSTIAO SHIPPING AGOKKS ■UL 03-*****)00 KL 03-317M101 POfc 04-2*124*2 BANK line »< Aairtw W»k "-|J- J VF NORTHRQUNO TO RJRQpT" V comma, mo, max heayyufts m UK NHU imp FOYIBAIB
      641 words

  • Page 21 Advertisements
    • 1031 21 IVtSSjL VOY KMM HKO SIN FKL PXS HI DMM Mt KAN TOMAN PCI 307 15/04 ***** 19/04 20/04 27/04 21/04 06/03 04/03 M.V. UNOAVtA PCI 308 22/04 23/04 26/04 27/04 04/03 03/03 12/03 14/03 ■AN KUMAN PCI 309 29/04 30/04 03/03 04/03 11/03 12/03 19/03 21/03 ■AN ISPAHAN Pa 310
      1,031 words
    • 490 21 UK CONTINENT SERVKE Loading tor OCEAN ISLAND RDM/ATW/BMNAJK/NAN NURTEN ANA ROM/ATW/BMNAJK/NANTES FLORES RDM/ATW/UK/NAN Load* EAW. IndoneM MIDDLE-EAST SERVICE Loading tor ISSACUGHT DBt/ABU/DOH/BRN/DMM/KWT SOURIA DBI/ABU/DOH/BRN/DMM/KWT PLAMER ADN/HOO/JDH/AQA "Loads Singapore, E7W Matayva. IndonaOa USA SERVICE Loading tor AROURA AMETHYST CAM/NFK/SAV/NOL CALANDA MZL/LAX/VCW •Loads E7W. Indonesia F.E./S.E.A. SERVICES Spore Loadng tor TBN INC/BSN
      490 words
    • 868 21 m a Efil JSSSB WT m< 12/ M UZfi WtHM 11H 14/ M 14/14 am urn m/m -mcmi mi mn_ZiiSzz VM LS/S4 15/ M rMMHM iIJZ >I/M JXM £2 W&- 7A/ "S* fki m®* jf*M _—iZZM iizM pacoamm nm io/m io/m J It a KU »1 PACIMM WW 20/ M
      868 words


  • Page 23 Miscellaneous
    • 124 23 3 regional WEATHER 8 FOR 7AM 15 Apr IM t Issued by Meteorological Service Division,NEA LEGEND: I < Thunderstorm Wind speed symbols 'v' Showers Full circle w/o line indicates calm or light and variable winds R a j n One half fleche represents 5 knots Cloudy Day 1 -One full
      124 words